>> when we return, tom steyer's paradise.ning this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where billionaire tom steyer spends his time. a few miles inland from the pacific is the 1,800 acre ranch steyer and his wife kathryn taylor bought in 2002. only an hour outside of san francisco, it's a world away. buying this ranch, was it your idea or your wife's idea? >> i think you can only blame my wife for that one. [laughter] originally we bought it because the land had been so misused, you could dump stuff here if you paid them a fee. there had been a d.e.a. raid. they had people -- >> why? >> i think they were growing dope. >> oh. [laughter] running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? [laughter] >> i'll tell you how it's the same and how it's incredibly different. it's the same in the sense that you think this

>> when we return, tom steyer's paradise. this huge branch, how is -- ranch how is it different , from running a $20 billion hedge fund? ♪ ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer ended spends his free time. just a few miles inland from the ranchc is the 1800 acre he and his wife bought in 2002. only an hour away from san francisco, it is a world away. buying this ranch, was that your idea or your wife's idea? >> i think you can blame my wife. originally we bought it because the land was so misused. you could dump stuff if you paid the fee. >> running this huge ranch, how is it different from running $20 billion hedge funds? >> i can tell you how it is the same and how it is incredibly different. [laughter] it's the same in that you think it looks like an asset, but it is actually dramatically changed by the people who run it. that's exactly like every organization i have been in, which is having great people at t

i'll be chatting with billionaire businessman turned environmental activist tom steyer.r was born and raised in the financial capital of the u.s., new york city, but chose to open his investment firm farallon, in san francisco. he founded farallon in 1986 with $8 million, and by the time he stepped down in 2012, he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his personal fortune is an estimated $2.6 billion. no

i will be chatting with businessman turned environmental activist, tom steyer.born and raised in the financial capital of the u.s., new york city, but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down, he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his fortune is an estimated $2.6 billion.

mayor eric garcetti and billionaire environmental activist tom steyer. >>> the italian captain blamed for cowardly abandoning the shipwreck costa concordia is sentenced to 16 years in prison. a court found francesco schettino guilty of manslaughter. 32 people died. the captain begged for mercy claiming he was a scapegoat. prosecutors said he was a reckless idiot steering too close to land trying to impress a woman. the captain said he couldn't help in the rescue because he trip and fell -- in a lifeboat. >> a popular tv anchor shot about paint. tonight the shots before the bullet started flying. >> sea lion stops traffic on a bay area road. how drivers had to improvise to protec can't say thank you enough. you have made my life special by being apart of it. (everyone) cheers! glad you made it buddy. thanks for inviting me. thanks again my friends. for everything for all your help. through all life's milestones our trusted advisors are with you every step of the way. congratulations! thanks for helping me plan for my retirement. you should come celebrate with us. i'd be honored. plan f

launched in 2005, vocracy alliance aims to: attendees include bill soros and tom steyer who donate some 73 million in the 2014 midterms. some worry that dark money will allow the rich republican or otherwise to advance their interests above others. >> fear of the wealthy, too much influence on elections goes war back history. there has been legal challenges striking down limits on all campaign spending. saying that it was a form of free speech. >> 1976 was the first year of a publicly funded presidential campaign. jimmy carter defeated his opponents. for years they gladly accepted the money. >> i ask you not to participate. >> president obama became the first presidential candidate to turn down federal money. his campaign raised a record $750 million. in a 2010 citizens united decision, it was ruled that companies could spend money in support of candidates and in some cases they were more than a center. president obama and his opponent mitt romney turned down public funding in 2012. it raised a combined 1.1 billion. in a 5-4 decision the supreme court removed limitations on individual d

. >> and tom steyer. >> and tomsty or the democratic side. they have disproportion at impact on the political election. kennedy: absolutely. >> we agree? we agree? i thought you were saying he was wrong! >> lefties and progressists like to say hence harry reid's obsession with the koch brothers. i think joe biden has to emancipate himself from ignorance. thank you so much. >> oh, my god. a kiss from kennedy. love it. kennedy: baby. tell me what you think. [ laughter ] >> continue the chat on twitter, coming up, john stossel makes his first appearance on the show to tell us all about the mob. the ruling everybody. first the obama administration admitted they have no plan if the supreme court blows a hole in obamacare. what the hell is going to happen next? find out. stay right here. we're reinventing inhow we do business, so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years wit

i will be chatting with businessman turned environmental activist, tom steyer.nd raised in the financial capital of the u.s., new york city, but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down, he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world.

>> well, first of all, tom steyer never got elected as a democrat to anything. climate change is not real and man does not contribute to it would be stupid. >> james, i think -- i think -- i think you draw up these false choices. >> no i'm not. >> yes, you are. >> i'm not. >> you're playing all or nothing because you don't want to talk about the fact that -- >> but what's the scarborough position, is climate change real? >> yeah. climate change is real. >> humans cause climate change? >> yes, i've said that, too. >> we agree on the issue. >> yes. we do agree on that issue. now you've got to figure out how to implement that into policy but you're smiling and you know what you're doing here so i will just let you do that in your university class and not here. go tigers. good to talk to you. we'll play these games later. former senator jim demint thank you. thanks carville. go and send no more. look forward to we seeing you soon. >>> coming up next benjamin netanyahu's trip to washington makes waves here in the u.s. and israel. why some say he shouldn't make the vi