seventh fleet patrols and so he's been sort of a strategic contention with the chinese so a way to get around that is to build a pipeline through me and more which they're doing to go right into china province . so this is this is something that you can look at in terms of the china growth story because this is access to the chinese are putting a lot of money they're all chinese never had any sanctions on myanmar so they've continued to invest there the largest investor in the country now thailand is number two koreans are big down there and this is what they're doing they're building a building ports. to building pipelines to building highways and so all this i think this is exciting stuff in the oil companies come in they're going to have they're going to bring billions of dollars of investment they're going to have bringing lots of workers and they're going to the housing and there is just going be a lot of money flowing around and since you're starting at such a low base in. have you figured out any investment opportunities for the average joe retail investor they're earning a litt

so that's the president, vice president, and so on. to deal with the bishops as long as it seemed like something productive could come of it. and as long as there would be no compromise of the integrity of the leadership conference and its mission. so there's the identity and the mission needed to be safeguarded. and that if, in fact, the whole business ground down without accomplishing anything then there'd be -- the leadership group would go back as it were to the drawing board and say, you know, not waste endless time with fruitless -- so nobody knows at this point whether or not progress has been made but periodically the leaders will make public statements to bring people up to -- and in the mean time those of us in the trenches are simply going ahead with our lives. knowing -- we're very convinced that the renewal that's taken place that religious life is spirit led. the holy spirit has guided us. we've done what the vatican council said we should do in terms of renewal. we've been faith to feel the life we've been called to lead

this so this goes into again this is this other theme that you're saying which is so confusing to people which is that which is that it was tempting to look at the scenario and say five years ago ten years ago the global system and say wow look at the debt in the u.s. look at the lack of jobs look at the unemployment look at the deficit successor with this thing is going to end and then you look at china and russia and you say what would be so easy for them to end it by buying a bunch of goal right now but what we've seen actually is these countries have made a decision very clear not to be the catalysts to break it ok not to not to do it over but to basically allow the united states to call lapse on itself so that the authorities here can't say china is is engaging in financial war by buying ten thousand tons of gold something like that so that's why that's why i think it's taking so long that's why they did so confusing that's why it's think it looks like the u.s. is the last man standing because these other countries that know it's over have decided to just let the u.s. basically you

he's here now to discuss it with us so first lou rockwell thanks so much for being on the show it's always so great to have you on loren thank you and happy first anniversary thank you so very much thank you for being a great fantastic guest and supporter over the last year i appreciate it so let's get to the federal reserve and war you know we often hear from these candidates and in the debates or anywhere you hear from politicians that the u.s. put two wars on a credit card and this doesn't even acknowledge libya or the warmongering over iran so maybe four wars syria i mean none of this is even included but what is rarely mentioned in the in the credit card analogy is who is issuing that credit card and enabling this war and you argue that the federal reserve is the issuer and the enabler so care to explain how. and it's not you and it's not quite a credit card that would be the pora wing that they might do because we with a credit card you have to put you in that you know you have to pay it back what they're doing is again they're you know as you say they're simply printing up th

so i thought i'd point that out. as for the security, the reality is that, um, it's almost remarkable how vulnerabl comp sysms are. and cyberspace, um, is not what most people think it is. most people now equate cyberspace with the bear net. -- internet. but if they want to think about what cyberspace is, it's the gps system on the new cars, it's the iphone and the droids, it's jet fighters and jet planes. anything that is driven by computers, excuse me, by computer code and is linked to networks, um, can be a part of cyberspace. and the vulnerabilities are, um, almo stunningly pervasive. >> host: can you ge an example? >> guest: well, sure. charlie miller, who is a former government hacker who worked on the good side is now a security potentialist, one of the great hackers in the world, a white hat hacker, he last year decided to explore vulnerabilities in the iphone, and he found a vulnerability in the iphone that when he deployed it the right way, this was for a contest, it enabled him to take over a portion of th

so much. thank you. don these. days it. can. be. so. download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device to watch our t.v. any time in. the world with. science technology innovation all the lives developments around russia we've got this huge earth. wealthy british stock. markets. find out what's really happening to the global economy. for a no holds barred look at the global financial headlines two kinds of reports.

so i just don't get it so so these are these million dollar they're going to there's a records there's no records about users but the records they're all saw get the location of the user maybe not the current location but at least allocation where you have been for a month or so it was sort of a good move but everybody knows where i am in the news we you are in the problem mom mom people well when i decided to interview you i called my producers who work the tele conspiracy pray give me five minutes she picks up both from me she knows where you are so i mean you don't have to be accurate well yes but if you are looking for somebody for a government agent for example or. your son which. has a big governmental or commercial secrets then that would be different story but ok now we see that buying just commercial i found that may be potentially dangerous for bruce you know your age does that whenever you know. that that was to keep secrets but can his security security from that can there be you know i will mobile device and be safe if i want to keep my privacy is it possible to overcome t

so d.o.t. yes was regulating wamu and countrywide and a lot of these other mortgage lenders so you saw that there was very locked regulation. there's just not a lot of attention being paid to what is going on. >> when the crisis becomes unstoppable, there were efforts made to save the institution. handicap those efforts for us. what were the chances? >> of wamu surviving? >> i want to get into that a little bit later but when private equity, texas partners a very good record they decide to put money into this it seems like there's a little breathing room. it dillinger is forced out for what, six weeks. >> the crisis they say it happens slowly and quickly and that was absolutely the case that began to get a really bad. all of their issues internally had fallen apart. they were making mortgages on 12 different systems and they had grown so fast there was no control internally. the mortgage division ballooned out of control and they had a massive trading desk. they turned into not a mortgage lende

>> i don't think so. >> rose: i don't think so either it wouldn't be. so my question though, has it shaken in any way, wait a minute let's take a breath here and ask ourselves you know what we're looking at. >> it's tough as a company internally. what that does to moral when your stock price drops down like that. that will be a challenge for facebook as a company. also other things like the transition to mobile happening a lot faster than they expect. a lot of people are assuming facebook on mobile devices which they haven't figured out how to monetize yet. >> rose: did that happen because the technology made it possible. >> absolutely. so the iphone, peoples were, the iphone and android on-line with facebook, the perfect storm for people consuming, checking and posting status updates, remotely. when are you on facebook five, 10 times a day throughout the day there is not the need that we someone's had when we go back to our desktop or laptops to immediately jump on facebook. and so that is an issue. also you got to remember that in the back of everyone

so comments from the board? commissioner mendoza. >> thank you. so i'm just curious. i know who ester is but sharon howell and jane evans. is there background on either of these two? >> there's the representative, the president of c pac was on her way and be here in two minutes, so she's about the only one that can have the information. >> can we come back to this item. >> yeah. okay. so what i want to do is move on to the next item and come back to this when we have the appropriate person to answer the questions. okay. so let's go to item m, which is what i just said. discussions of other educational issues. superintendent carranza. >> thank you president yee and members of the board. while we call them to come up to prepare for the presentation we are going to show a brief powerpoint so i will ask you to get out of the line of fire if you are by the screen, but way of introduction we are very proud this evening to share with the public and with the board our student achievement results the 2011-2012 school year. we would like to share some of the lessons learned and

so surprised. it breaks everything, you know, you don't expect that an lft came in there, open up and the first getting out was clowns. so i think it was a good idea. we built a modular school because the school was completely destroyed. you have it take all the deb brae and disembark and move it to the continent. this is in another coastal area, conception, the island you see was orego island, that was the island where people was there making a barbecue. when tsunami get in there, not even the grass was safe, everything was removed, and the island in front was completely flood. there is the island down there. it was flooding absolutely. this is a fishing market. that was before the navy came in there and after the navy came in there. a lot of fishing was close to 1,000 fishing boat was grounded and it was part of our job to put them in the water again. so heavy lift cranes are absolutely mandatory to have a safe place to move them and to start working. and because as i mentioned to you before, the

and so give me ten percent of everything you have . unfortunately that would be very unpopular if you were to turn around and tell the american public oh guess what your taxes are not going up ten percent of what you currently pay they're going up by ten percent of your income and the tax on everything that you produce as a company is going up by ten percent of your production and yet that is essentially what's been going on now for the last four years and so when we look at why we haven't seen job growth and economic recovery the answer is right there we keep getting the all of these politicians and all of these wonderful talking points about the cut in the payroll tax and the bush tax rates and the fact of the matter is is that real in real terms taxes on the american people have risen precipitously and where i'm getting that ten percent number thing that everyone claire. well the federal government is running about one point well over the last four years one point two to one point six trillion dollars in deficit say in the economy i

very much so.i, myself, am in recovery and i am the parent to six children and my family-i became-using alcohol, and that roller-coastered into other substances, and it was very hard to keep the family dynamic together. how early in your age? i started using alcohol originally when i was 14 years old, but kind of took a break from that during my pregnancies, and i picked up again at age 25 and started drinking on a daily basis. and that turned into cocaine use and other substances from there. but what really ended up happening was my children paid the price for that. i wasn't able to be present for them and do the things that i needed to do. and i think what was most difficult about it was because of the stigma around being a mother and having an addiction and a family that i wasn't able to seek treatment when i needed to. when it came time that child protective services became involved in my life, i didn't have the courage to admit that i had a problem, so i hid it. so instead of getting the treat

so that will help. and there is another $1.5 million from the item that was just discussed about the mandate block grant. and there are details behind each of these items but respect to the block grant i will say for now because of this very unpredictable set of processes that the state has used for years, for example, subjecting district claims for mandate reimbursement to very unpredictable, and sort of unreasonable, i think is the point of view of most districts about audits for the mandate claim reimburse amount process and such. for years we have not budgeted mandated cost until they were actually received in hand. and there are a lot of good reasons for that. but in any case, that is about a million and a half dollars that we can now count on as a result of the state changing its practices or offering the districts another option for recovering reimbursement for those mandated activity and that is about a million and a half dollars. and the next item is in our outline of the plan was $6.5 million

you're so busy, so successful -- >> that's part of the reason that i'm so busy.re's a woman that i'm seeing now that i love very very much. it's a different kind of love but i love her very, very much. >> now i'm beginning to work out why you dug yourself into a hole. >> now you see me trying to dig myself out of the hole. >> yes, i did. >> what i'm trying to do at this point is just enjoy it all. i'm not ready to settle down, not ready to get married, not ready to be in a situation where i have a commitment. not ready for that. especially after that situation. >> i see. so you went through a very deep experience and you just want to be sure next time that it's right. >> what's the rush? >> yeah. >> i'm a guy. i'm 43. >> don't you wanttylers running around? >> yeah. i want that more than i want to be married, though. i have to find a way where i'm okay with that happening. >> i wish you luck. there's no hurry. you can do what you like. you probably have a queue -- you call them lines here. you have a line probably the length of manhattan of potential suitors, i w

so that's how it came about. >> rose: so you thought the reverse? >> it started with the team. >> rose: so he said-- like many people in brooklyn, they haven't forgotten the dodgers leaving. >> that's correct, they haven't forgotten. >> rose: you've learned that story. >> and the nice thing is that basketball is what baseball was many years ago. >> rose: indeed. >> basketball is really a brooklyn sport. >> rose: and a truly international sport. look at the olympics. >> correct. >> rose: so you went in search of the nets. >> correct, yes. >> rose: was this an easy deal? >> no, it was a very hard deal because taking them out of new jersey wasn't easy. and we had to get a group of investors then we had three other bidders for the team. we won the bid and then we had to find... >> rose: you won the bid because you offered the most or-- >> that's the usual way, yes. (laughter) >> rose: but it matched perfectly with your eyes and with your desire. and you then promised that you would have an n.b.a. champion in three years. >> there's only one place first.

so first of all. did you know this history growing up did you know what these men went through i'm curious you know well as a boy i did unfortunately didn't know walter reuther both passed away before i was born so i grew up around my grandfather and his stories and he was an amazing order and yes i didn't necessarily appreciate the stories when i was young but you know my my grandfather had an assassination attempt on his life and lost an eye in the late one nine hundred forty s. so i grew up with this very mysterious interesting character who is telling these stories with a glass eye he would talk of these you know violent picket line confrontations and the assassination attempt he was the international director of the union once walter became president so my grandfather spent time in india and japan and germany and so you know he i did grew up around these stories i didn't really make the connection that they were so instrumental in the fabric of the middle class and america in general but i was fa

this trick if you will can only go on so for so long is the holders of treasuries are willing to continue cooperating and as you see in the case of japan there comes a time when the market comes to the government and says we are getting uncomfortable what are you going to do about this and this is what's happening there and this is after many many years of course and there are reasons why european could drag it out for so long i don't think these reasons exist in the rest of the world the economy is slowing down the economy has slowed down japan has was having its troubles during the period of global growth it's a major exporting nations so nations so they've been able to subsidize their misery if you will we don't have the luxury things like that cannot go on forever for mathematical reasons emotional reasons and practical reasons and i don't think they will but it feels like they could in the middle of every bottle it always feels like things could go on forever but of course as we know they never do and that is an interesting point and so that brings me to your thesis how you see this

so we better join us. colonel sanders. they go ahead and do it and things don't end well in spaceballs as that order ultimately sends that dark helmet dude flying through the wall of the space ship it was reckless what he commanded his ship to do it's a great lesson for central bankers who in their attempt to break the laws of physics have inverted time and space sucking whatever generation is left out of the bond market combine that with credit expansion excuse me combine that credit expansion with a more holistic view looking at global resource depletion and population growth and what are we looking at in terms of life after ludicrous speed well joining me now is chris martin said with his answer to that question he is author of the crash course and he joins us now thank you so much dr martens and verby on the show today laurent it's our pleasure to have you let's start with consumer credit because it was up for august more than forecast more than expected do you take this as a sign that consumers are really going to lev

so, sorry, that he... so we can prep him to have those questions answered. we were also because this is so tied into our graduation numbers. we were also going to have some follow up questions, if you like, ruth, about the disproportionalty of african americans, in special education under the emotionally disturbed category. and so, we because that effects our graduation rate so highly that we are going to follow up with the questions to it and i believe that you received the e-mail from dr. blanco, the follow up information and if not perhaps someone can e-mail that to ruth about, we had questions at our last meeting and she gave us numbers and she gave us numbers by race that were in non-school placements and also a number of students, what are trajectory looks like when students are put into classified as special education under this classification. and that showed a chart about i remember looking at this, how it spikes at 6th grade and so those type of things and so if you have any questions regarding that, or the pac does, feel free to send them our way

so the smallest thing is big to me now. so it just keeps piling up. but i talk to miss brevard so she help me knock stuff down. so it's not as big as it was. >> lawerance? what's going on? come here. what's wrong with you? come here! why are your eyes all red? hey. hey, hey, hey. can we go sit down and talk? lawerance was sent here from california. and he said he was involved with gangs and drugs. he lost some people very close to him and came here to get away from that, and that's how he ended up here at sharpstown. what's wrong, what's going on? what happened? his mom has been in and out of prison, d i think that affects him a lot, that he has no control over her, you know, and what happens to her, so he goes all day thinking about it and being sad, and then just kind of gets to that point where it wells up and he can't control it anymore. >> okay, but let's be honest. what was she doing? >> don't take today and make it the way your life is permanently. today is just a bad day. >> you have not. i have seen you. lawerance, you're telling me that... >

so, this is very important. i didn't even know thises what going to be here today, but i'm glad i found out about it. and to me one of the things, discrimination is a problem in the schools. and until there is a really seriously dealt with, until you admit that it's a problem and really deal with it, more and more african-american kids are going to have this problem. because many of them don't feel wanted in the schools. they don't feel like they're put in the schools where it might be a few scattered black kids amongst a group of another race. and they're treated like they're not wanted. and they feel like they're not wanted and they behave as if they're not wanted. so, to me money is not the only problem to the solution. it's where the money is spent. and i think kid have to be much more involved in the design of their school system. (applause) >> thank you. next speaker. >>> good afternoon. my name is carol tatum and i came to san francisco from mobile, alabama in 1955. so, i went to james dylan. i went to ba

you know go physical go is still on the road ok so to explain e.t.f. exchange traded fund it's a proxy for gold it tracks the price of gold some would argue that it's paper gold and in some cases like the one with the g.l.d. ticker symbol in new york it's not really gold at all whereas the ones in canada or are eric sprott as an e.t.f. which is actual the physical bill and so one must be aware of what's going on but your point is well taken that even amongst the hard core professionals the ownership at more than five percent of the actual stuff not the paper stuff is low now spread across the entire economy and global wealth asters can i interrupt you just want to at least do yeah let's say the germany's goal isn't that yes then suddenly and then you know that it's been leased out to someone else the implications of that are just because suddenly germany the second biggest economy with the biggest economy on the planet doesn't have doesn't have gold what value then does its currency have the implications and then what happens between relations between

so, look. that. [ cheers ] >> so -- >> jimmy: all right. >> we're going to mix up pancetta, chili flakes, capers, onions, a little bit of orange and lime zest and some garlic. and we just puree it all together till we get this beautiful paste. >> jimmy: okay, good. and pancetta is italian bacon? >> it is unsmoked, but cured bacon. >> jimmy: so, we're putting bacon on bacon. >> we are putting bacon -- >> jimmy: that's america right there, you guys! [ cheers and applause ] that is america. >> that's america. >> jimmy: yeah. >> and a little bit of rosemary and parsley. >> jimmy: yeah, yeah, yeah. rosemary and parsley, if you need it. >> if you need it. all right, so -- >> jimmy: i like bacon on bacon. all right, put that dude in there. >> massage it in, jimmy. get in there. >> jimmy: smack it, flip it and rub it down? >> get dirty. yeah, get dirty. [ laughter ] massage it in. >> jimmy: there we go right there. this is good. is this good? >> yp. >> jimmy: all right, i'm doing good right here. >> yo

some so. so. ok this is pathetic get a friend people get off of facebook and make one that's what i'm saying i think if you get one of those best and literally click himself to death with the like but what if you desperately need help enough he needs friends and he needs hugs and he should join one of his co clubs to marry to meet you heard about cuddle clubs but you're going to do that you have to give them water you're going to know they something if mitt romney won last night and if fox news got the most viewers which means that mitt romney basically won twice then i don't think he needs the hugs right now i think of anybody in the race needs a hug that would be obama but we've got to go i gotta leave it there for sort of the last word here so that's all we have time for thank you so much for watching have a great night and in the mean time until tomorrow you can follow me on twitter and lauren lister you can like us on facebook and youtube dot com for now facebook dot com slash capital account

after the elections so. as far as there being room there is i just don't see the opportunity for it on the national level party to get into the game because the deck is so stacked against them right john logan jones you were a delegate from maine to the republican national convention in florida tell us what happened well it was an eye opening experience to put it lightly i went down there as an elected delegate to represent the people of maine maine went strongly for ron paul our state convention we took all the delegates we want all the delegates went down there and various people in the group were ready to go out there regardless of the outcome convention support the nominee but what we saw down there was that there was a script written for this convention it wasn't true political convention there they had a desired outcome it wanted it to go a certain way and there wasn't any. only for input from the delegates on the floor of the convention just for a minute aside for the viewers a point of order is somet

is experiencing the greatest leadership vacuum in history so so why now because we do have people to compare this to for example richard nixon and watergate so why now. i mean little watergate was chump change compared to the stuff i think about it you know nixon gets taken out of office along about watergate how about this one loren how about starting a war in iraq because the guy had weapons of mass destructions and ties to al qaeda that eight and a half and it just keeps going on take the fight what is you know it wasn't always like this and people think it was i was it when you go back to the great depression you know the bankers were also responsible for putting was in place to give the people confidence in the banks such as glass steagall it didn't happen on its own and now what are they are you going to compare the people back then to the people now you know you mention you mention kennedy and ironically you know and you just had my assistant run over and get this this is a photograph of me and john connally. in front of the book depository with his wife nellie and connally wa

so?ll, we was drunk one night and i just -- i lost my temper and -- well i emptied the pool. >> at your college? >> the university of florida. they call that vandalism, i guess. it's actually not as easy to do as it sounds. >> do you lose your temper often there's places full of boys just like you lost their temper one day. >> rose: sexy. >> she reeks of sex. >> rose: now there was something about she didn't want to use the "n" word? >> yeah, she didn't. that was crazy. it was the third day of shooting and in it i asked her to use the "n" word. you've got to say this word to this guy and she says "i won't do it." you don't tell me no, charlie, you just don't do it. but -- so i went home, i had a little bit of a chip on my should we are her and i went home and i called my producer and she said, lee, on day one she bent over a pink washing machine and had sex with john cusack. on day two she urinated on zac efron on day -- on the beach. on day three she she won't say the "n" word. i think y

so like pompey.acted in a very direct and happy way and we started. >> rose: it was a marriage made in heaven. >> and then i started a precocious the symphony number 3, that is a very difficult and dramatic symphony and from the first moment, i felt that i had a ferrari in my hand, this is a very difficult and demanding symphony, everything i did was there, immediately with the position and as i said, ferrari is not going to pay me for mentioning that. we can say another car. >> rose: but you always drive one. >> si. and then we made a tour after this concert, that was very successful and after the tour, every concert, and a tour with an orchestra can be fantastic marriage between conductor and orchestra and musician, and it can be a disaster, because every day you are in a different city and the orchestra becomes tired, you are tired and to find the inspiration, to inspire them and then it is hot, the food on the plane but not good, there are so many reasons where the concert can be a disaster, and

so >> so, mr. chair and coleman to that point, not all a through g courses are offered during the summer. there is a problem with that. if you are not keeping track of what classes are offered in the summer program and what classes students need to make sure they get access to those classes, there is a [speaker not understood]. >> you heard both presentations, one from the san francisco unified school district and the other one from dcyf. could you give me your gut reaction or some -- if you can -- or you can give me some kind of -- some thoughts that you were thinking as you were listening to some of the data you presented today. >> yes, mr. chair, and supervisor cohen. there is actually data the school district provided is promising the children for tomorrow, right. we're dealing with a crisis of high school students today and the issue is they did not present any recommendations on how to resolve the issues that are facing us today. and, so, when we get to figuring out how we can get the school

so as nevada goes, so goes the nation, you think?u know, it is funny, alex, because at one time, maybe a long time ago, people said nevada was such an alien land, different from the rest of the country, but i think las vegas, nevada, is a reflection of the country, a melting pot community. the highest unemployment in the country, the foreclosure crisis has hit this state harder than any state. we really are a reflection of what is going on in america. and i don't think we are very different. but we are happy to have the record of the state that has picked presidents the most. >> yeah, hey, john, i know you recently interviewed steve wynn that has donated millions, what did he tell you? >> well, he didn't tell me much about those donations, politico has reported that money, i am sure he has given a lot to carl rove, they are friends, he doesn't want to be out there as much as friend -- but i'm telling you, he has said pretty harsh things about the president, during this interview, which is going to air. he said the president doesn't h

so it's a tension. and when some groups did not believe in the change that the latter day saints, the establishment church went through, they kept the old nonconformity doctrine and have to this date done it- and for the most part, they're left alone by the authorities. any comments you might have? sure. >> my sister lives in nauvoo and i visit very often, and i just would like to say that it was very faithfully restored and is completely restored as the 1840s when it was built, and it's lovingly tended. and when you mention zeal, the zeal is still there in a very large measure. they're very proud and nauvoo is supported financially by salt lake city, to see that it gets monies to build its various- rebuild its various buildings. and it's thriving, even though the town is not all mormon. and what has fascinated me is when it was built, the people who built it were very, very skilled tradesmen, and they built it in a communal type way, so that each family who came helped everyone build the homes, and the

e-book and so responsible what's been the response so far responsible for the positives so far people are quite energized by purely because the themes that i'm sort of talking about in the book. don't normally get jessamy of was on these fifty shades of red whatever or so with stuff you know. whatever your burns going through a phase of thinking as at the moment you can see that side of it can't be parallel stories you know they are perhaps. you know let's talk about spend finally let's look at the future here so you've got even went through this very interesting political period and it got us into an author you've done some writing so two or three years down the road couple of questions first of all do you see the society becoming more resolving this issue of the bankers because it doesn't sound as if there is going to be any kind of penalties or attempt to rein in the banks and if that so what does that mean more social unrest i personally believe that the social unrest issue they're going to break up sporadically the bank is the looters need to be penalized it's a waste of time sor

you hear stories, so and so locked so and so out of a command post in such and such city. so and so argued about who got what raise last year. here, a little bit different. here, medical resources and law enforcement are owned by the governor which, as established, comes from the turkish government. fire fighters and things like public works are owned by the municipality. let me tell you about budget discrepancies. the fire department, i got to tell you, when i went and i met with the fire chief, that one left a mark. their fire department was red tagged but they didn't have a place because it was so cold to house their engines because you can't leave diesel engines out in the cold, just doesn't work too well, so they still had to use the facility but they housed the personnel in two tents out in front. their headquarters is one tent and their dorm is another tent and they welcomed us in there, didn't even think twice. and in the story of what it was like there, for a community of nearly 700,000 people, their complete complement of fire fighters that were on duty, their pr

so there is this man bart chilton. who is one of the regulators at the commodities futures trading commission texas hold'em time to fold them this is his keynote address of commissioner bart chilton before the two thousand and twelve allegro customer summit in dallas texas on october sixteenth and he said regarding high frequency trading max a few weeks ago the tokyo stock exchange closed due to technology problems we've seen a few contracts shut down for different periods of chicago in new york last month we've seen market volatility increase wildly natural gas plummeting eight percent in fifteen seconds last year one day silver plunge twelve percent in about as many minutes one energy trader lost one million dollars in one second in a second we saw a crude tumble three dollars a minute last month we continually see sharp rises and falls in precious metals there are numerous other instances and it's a safe bet that there will still be others burchill to normal to see you have to see is correct but burchill to this day

trading gone amok so their response they made it through more faster so they're putting even greater risk into this systemic risk and causing more problems that's the lesson so far during the crisis which actually goes back to the night in a summer stock market crash dozens of men make it faster make it more dangerous and most still more money. speaking of stealing money now this algorithm was four percent of all quotes on the market but it was ten percent of the bandwidth available to the market so c. a b. c. reckons that the ultimate goal of many of these programs is to gum up the system so it slows down the quote feed to others and allows the computer traders with their koolaid located servers at the exchanges to gain a money making arbitrage opportunity again max look at the phraseology here to gain a moneymaking arbitrage opportunity usually that would be a criminal activity to steal something then i'm deeming an arbitrage opportunity they're creating one that they engineered like they're not gaining their gaming scene is different to talk about semantics but you know it's like

so i forecast markets. so whatever happened here already is already in the price of all the markets, so it won't have much of an effect. >> the philosophy of market forecasting, nobody ever does the research how is it possible that european markets were tanking before the terrorist attack because we say listen, the market came down because of terrorist attack. i say it didn't happen because the markets knew it. so same thing with the hurricane over here. the market seems to knowen down issuesly what's going on and everything already in the price. >> then let's look at some of the specific names you've been watching. apple just last night announced a significant management shakeup. what's your take on shares here? >> we have a chart on over here, i don't know if we can show it, the apple chart, we don't explain why things happen, we always explain what happens in the future. and this is a chart that we send out in august. and you see it went up for a week or so, but then the system below shows a cliff. it's

and so i just copy your move in the last game. >> so if i cooperated last time -- so i'm playing you,peated several times, is to play tit for tat and nothing more complex. >> it wasn't him. >> it wasn't him. >> wasn't him. >> was not him. >> was not him. >> so tit for tat is interesting, but it does seem to have limitations because ultimately, it could also be in one of these anti-cooperative death spirals, if you like: i defect, you defect, i defect. >> he did it. >> he did it. >> he did it. >> he did it. >> he did it. >> he did it. >> that kind of idiotic solution where you simply copy what the guy did in the last round, it leads to that perpetual defection. and it turns out that when there's some noise or uncertainty, then tit for tat is not the best strategy. so when axelrod had that tournament, it was working inside a computer. errors were never made. the only uncertainty was what your opponent was going to play. but you always knew exactly what they played once they played it. but let's say that you forgot what they played. so i play you, dan, and let's say you cooperated, and i

so they are off-track. and that means that they cannot graduate from high school and cannot go to college. so i hope that they need to really focus on studying so they can graduate from high school. the only thing is that we need more services in the school like tutors and programs that the youth had more credit recovery. thank you all. >> thank you. i just wanted to say that i was very impressed with the presentation and being an immigrant myself, i can till that there is no doubt in my mind you are going to go very far. thank you. keep it up. next speaker. >> hello honorable supervisors and board of education commissioners. my name is shackleford and the chairperson of the youth commission. we're really concerned about the issue and we voted to support supervisor kim's legislation to make sure that the youth currently not on track to graduate are given credit opportunities. i want to commend supervisor kim and the other co-sponsors and thank commissioner fewer and thank commissioner mendoza for their work

he is so sexy. he has an amazing body. >> suddenly he's in this little bedroom, i think his childhood bedroom, on the internet watching himself and then hearing about these people responding to seeing him. >> 8,890 views in two months. good grief. >> i just thought what a surreal experience. i wonder how he's processing all that. >> being able to talk with all these people, it is helping me to adjust to society a little bit because i can't go nowhere. >> later the topic turned to his brother ray. though they frequently wrote letters, the twins had only one brief visit with each other in nearly two decades. but with ray's release date approaching, that would soon change. >> so what are you anticipating with you and your brother when ray gets out? >> sitting down and going for a nice little walk with him. being able to look at him eyeball to eyeball and talk to him, you know. he's got a little girl. he's a grandpa now. i don't have no kids. but he does. i'd like to see him be able to be a good father

this union will come to an end but it will be way in the future so the pain is not big enough so you suggesting that a political union could be what's needed to save the monetary union. i'm a firm believer in the fact that germany should play its strength more actively should have a more active stance in the negotiations but also as most germans are really dream of a united states of europe but then we have to start with a parliament that it's worth it it's name a government that is elected by the parliament not a commission we have to start putting together the true parts of high politics like defense security those things have to be integrated and we can have principle of subsidiarity for economic policy so right now we're building a technocratic euro for the benefit of certainly leads for the benefit of the political elite for the benefit of the financial elite which is not really a citizen to europe so you're suggesting that germany should lead the way in convincing countries that would be in this united states of europe to essentially give a sovereign rights germany cannot lead

so i think with that amendment, my concerns have been addressed. so i will be supporting this. in terms of broader issues around the sharing economy, et cetera, you know, i think what i look forward to seeing legislation and i think this is a really, really hard issue. so i appreciate president chiu taking this on. and i think and i know that you know this, that it's important that we treat folks equitably. so i think it would be important that if we're going to allow, say, tenants to have certain ability to rent out when they are away for vacation, that we treat tenants and owners equitably and don't do something that favors someone because they are a tenant to be able to do something that a property owner can't do. i do see the [stk-eufrpgs/] between keeping units vacant, so that they are permanently hotelized, if that is a word. but i want to make sure that we're treating folks equitably. i also want to make sure that landlords should have some role here. so i know that i have heard is of some property owners who will see their building listed on air b & b, because a tenant