learning on dinner cruises and make overs >> reporter: a federal audit has schools under fire, showing stim wells dollar attended show -- stimulus dollar didn't go where they were supposed to go. >> schools spend money if are what they need and sometimes they worry about whether it fits the parameters of the grant later. >> the u.s. department of education reviewing expenses from 2009 and 2010 showed more than $4,300 were use said to dinner cruises. >> more than $2,000 for pta meals at a meeting to discuss the budget, $1,300 for a theater performance and $500 on a mother/daughter make over. >> they said this should have been paid out of general rather than title one funds. >> i'm appalled this stuff is going down. you can't educate the children by taking things for your own pleasure. >> it's mix management. >> the victims state lawmakers are taxpayers and the schoolchildren. >> there needs to be a series investigation. >> of course we don't want schools to make mistakes, error is a little different than portrayed. >> it was simply squandered. >> in this example of tax dollar abuses, one of

rain, santa rosa 10.6 covered most of the ear and over cast conditions and 50s on the temperatures, stim a decent fair breeze southwest cop cord are picking up a little breeze an and 58 in sacramento. all of this cloud cover will begin to break up soon and later this afternoon, you can see the rain going by but there overnight, we'll see rain going by and we have a few mid-70, and it is going to get even warmer on he wednesday and then it will be warm to hot and it cools down sunday and ground day. >>> police made 150 arrests and that's a dramatic decrease from 2002 when police made more than 2000 felony a roughs. this is due to a group that helps teens find jobs instead of jail. >>> in the past year antioch police have handled 100 calls relating to smoke shops and they are allowing new smoke shops to open but the smoke shots are not to blame. >> the smoke shot, i don't think so, before this store, they have a lot of problems too. i don't think it is the smoke shop. >> tonight they will vote on the proposed moratorium if it passes none of the 12 stores currently in operation will be affe

that on occasions we don't do useful business together, that doesn't mean on occasions it's useful, stim, for an american president to come to london and see the queen and beam the pictures across the united states, but, actually, when you think about who americans are in future generations, where they come from, what they believe in, the idea that they have the same since of britain and britain people being part of them is mad. that just isn't going to be the future america, and that classic example of that, i went to see a very senior person in the obama white house to say good-bye when i was leaving in 2009, and we had a little discussion, and i said to this person, why was it that one of the first things the obama white house did that caused a lot of upset in britain, this, was get the best of winston churchill that was in the bush oval office, and chuck it out, get rid of it? why did he do that, your bestest ally in the whole world, and the guy looked at me, and said, oh, people are mad? we thought it was eisenhower. he said, what other guy looks like -- i thought, you know, he was

is a key part of the shadow banking system that seized up during the financial panic we'll talk to stim aggressive and more with former o.m.b. director david stockman and a bit finally a little birdie told us the winners added in i.p.o. experts who would payroll that's right cynthia gale or hails from morgan stanley and her seventeen years investment banking experience include work with facebook in linked in investors and facebook love i.p.o. are still reeling in from a disappointing star in mixed earnings results hopes are that twitter will be able to tap in new revenue streams without drawing user anger all right let's get to what's in your prime minister. david stockman was president reagan's budget director from one nine hundred eighty one to one thousand nine hundred five prior to that he was a member in the u.s. house of representatives and after his time in the public sector he worked on wall street he ended up and private actor equity and as a part of that he became the c.e.o. of collins and aikman which is an auto supplier he has released a new book called the great deformation

is a key part of the shadow banking system that seized objects in the financial panic we'll talk to stim aggressive and more with former o.m.b. director david stockman and a bit finally a little birdie told us that the winners added an i.p.o. expert to what payroll that's right cynthia gaylord hails from morgan stanley and her seventeen years investment banking experience include work with facebook and linked in investors and facebook club i.p.o. are still reeling in from a disappointing star in mixed earnings results hopes are that twitter will be able to tap in new revenue streams without drawing user anger all right let's get to what's in your interest. david stockman was president reagan's budget director from one nine hundred eighty one to one thousand nine hundred five prior to that he was a member of the u.s. house of representatives and after his time in the public sector he worked on wall street he ended up in private equity and as a part of that he became the c.e.o. of collins and aikman which is an auto supplier he has released a new book called the great deformation and where

a key part of the shadow banking system that sees the object of the financial panic we'll talk to stimagr.

is a key part of the shadow banking system that seized up during the financial panic we'll talk to stim aggressive and more with former o.m.b. director david stockman and a bit finally a little birdie told us the winners added in i.p.o. experts who would payroll that's right cynthia gale or hails from morgan stanley and her seventeen years investment banking experience include work with facebook and linked in investors and facebook to love i.p.o. are still reeling in from a disappointing star in mixed earnings results hopes are about twitter will be.

. >> stim ahead on abc 7 news 4:00 ousted head of the irs gets grilled on capitol hill today. his response to the latest scandal. >> also an uproar in canada. accusations against toronto's mayor. >> and michelle obama's message to young african americans. plus... >>> there is a serious case of lottery fever just about everywhere. >> i've got the fever, i want that money. power ball jackpot ballooned to $600 million, making it the world's second largest lottery prize and megamillions up to $190 million. i want you to do the math on this. >> this is just ridiculous. chances of winning both is one in 30 quadrillion. you can see there, 15 zeroes and not likely. leanne? >> i hope you can hear me now. this is considered the luckiest lotto store ever because there are four big winners over the years and its been like this all day. two lines because yes, you have megamillions. the prize swelled to $600 million that is a lump sum of $376.9 million. yes, i'll take it. well, the reason why it's so big there is so much money is because no one won on wednesday. and there are a lot of peopl

kiss system me has gust -- kiss stim me has -- other areas have 15 mile-per-hour winds and we have a little bit of everything, 40s 50s and 70s on the low and that president continues to work its way up the coast and i would have to believe it will be wiped out. it will be sunny and windy and warmer and if you are smell some smoke, especially berkeley coliseum alito and it is coming from napa county. 70ss into friday and a much cooler pattern. >> that mirrors it and china shanghai was down nearly that much and the others traded in a range after a report that china manufacturers have slowed again. you can see a little bit of gains for the dow jones industrial average, the nasdaq and the s&p 500 and right now futures indicate just slight moves, maybe slightly higher, but we might get a better indication in the next hour as we get closer to the opening bell. today investors could be fed by chief ben bernanke's statement and we will find out at 11:00 our time when they wrap up their two day meeting. analysts say they could start discussing when u.s. policy will swing away from policy meas

stim son echoed that sentiment when he shut down the cipher bureau.y that decoded foreign communications. he declared, gentlemen don't read each other's mail. much has changed. a new electronic age of e-mails, tweets and blogs. and a new political age posing threats we can't ignore. pearl harbor taught america what it didn't know could hurt it very much. there was a need to be up on enemy intelligence. >> this form much treachery shall never again endanger us. >> after world war two came the cold war and the threat of global communism. it sparked a fierce debate at the highest levels regarding citizen's rights versus national security and out of that debate ultimately came the national security agency or nsa. in the 1950s, the spy center was so secretive, the joke was the initials stood for no such agency. >> what did the president know and when did he know it? >> after watergate, however, people wanted to know what the spy agencies were really up to. in 1975, general lieu allen became the first director of the nsa to testify publicly before congress.

trained relations, decades after the cold war, debates over human rights, sovereignty and democracy stim persist. this year presents a whole new set of challenges for an already-rocky relationship. joining me today, former dnc communications director and msnbc host, karen phinney. deputy mayor of new york city, howard wolfson and "washington post" columnist and msnbc contributor, jonathan capehart. and joining us from washington, is the white house correspondent for "the new york times," peter baker. peter, thanks for joining us. i would like to start with you on this. in terms of the optimism that secretary kerry was putting forth in terms of being able to get something tangible out of these meetings. how much of that was just the beginning over tur to what we call a pas de deux between the two countries and how much of it is perhaps real talks? >> there is some optimism that this might provide a moment where the two can put aside some of the old enemies of the past. but the truth is, the secretary of state is making his first visit to moscow. we've heard them go before with the same se

dennis: we spent over $800 billion on a government stim pack.te sector. how about freeing the private sector? how about overhauling the tax code? how about slashing the tax of 35% on overseas cash so the companies bring home $800 billion and a private stimulus plan? what do you think about the i.r.s. scandal, though, in terms of the target that go went on? do you think that it may be a tip of the iceberg and that other obama administration agencies also targeted businesses or business owners that were enemies of the administration because of the groups they donated to? >> i don't know about that but i'll tell you this. every american understanding the role of the i.r.s. and every american understanding that if the i.r.s. is involved in targeting individuals who are groups of people, that's not right. and so that's where -- that's the bottom line in all of this. it's not an appropriate use of the power of government nor is it an appropriate use of the power of government for the national security state that's being built where they're tracking re

. >>> stim to cooperate, it's facebook's funny learning how to get more of its ads in front of mobl usersese knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> let's get you a look at what's on today's agenda in the united states. weekly jobless claims out at 8:30 eastern. they're forecast to rise by 10,000. at 8:30, we get the march trade deficit and productivity and labor costs. general motors is out before the open. we'll get numbers from cigna, cme group,s take louder and kellogg. >>> and fist quarter results missed forecast of facebook by a penny. up from 23% in the previously quarter. the company now has more than 1.11 billion monthly active users. and the number of people who log on solely with

you're stim watching "worldwide exchange" and i'm louisa bojesen.ing back into bonds. the bank of japan responds by raining in jgb volatility. >>> stocks in europe trying to hold on to small gains basic resources leading the way. >> the swiss economy reaching unexpected heights, gdp rising by 0.6% in the first quarter. and dish network fires the next shot in its ongoing battle with sprint nextel upping its bid for the wireless service provider called clear wire. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> well, asian stocks overnight had a rough session. let's face it. we were led by the nikkei once again, the nikkei 225 breaking through the 14,000 level, closing lower by more than 5%. exactly a week ago, we were talking about a very similar story. at that point, the nikkei had corrected to the tune of 7.3%. we've seen two very big daily corrections over the space of a week. it seems like a lot of repositioning, a lot of redigging is going on and much of it potentially has to do with fund

it's stimmed they cover 1.2 million people. speaker pelosi said the bill would create 400,000 jobs almost immediately. let's look again at the results. the congressional budget office predicted the law will result in 700,000 additional americans unemployed. 700,000 additional americans unemployed. the national federation of independent business foundation predicted the bill will cause the loss of over 1.4 million job. a new insurance tax will also impact the numb of private sector jobs, estimated to be jobs n 146,000 to 262,000 by 2022. 59% of these job losses come from small businesses. the backbone of our nation's growth. where so many moms and dads and young men and women haver that jobs and get their start. small companies, neighborhood companies, those ones that have the big impact, that sponsor everything from the little league games to church events as well. many will say we cannot grow and create new jobs. many worry how they're going to keep workers employed. many worry how they'll afford health care coverage for their