however, because of the intricacies of our housing finance system and the extremely high stakes for the housing finance market and for the economy as a whole if reform is not done right, i continue to hope that congress can engage in the work of thoughtful housing finance reform before we reach a crisis of investor confidence or a crisis of any other kind. while it's not my place to meddle in political discussions, i'm also not hearing much discussion of housing finance reform in any of the presidential campaigns. a less discussed, but related, challenge posed by a continuing conservatorship is fannie mae and freddie mac's insulation from normal market forces that would otherwise inform their operations and business practices. there are differing views about the enterprises' business models leading up to the financial crisis, but in conservatorship the responsibility to create a regime of market discipline and appropriate competition falls squarely on fhfa's shoulders. the longer the enterprises remain in conservatorship, the greater and more complicated this responsibility becomes. thi

. >> wanted to provide in background on the finance plan for the treasure island program many context of the housing plan as 2011 and some of the challenges and opportunities that are before us as we move forward with the program. >> the housing program for treasure island calls for the communication of 8 thousand new ruled 25 percent are 25 units will be affordable and 4 hundred and 35 of the for the residential units initiative and three hundred with 5 percent would be inclusionary housing constructed by the developer the balance of the florescent be with the mayor's office of economic workforce development mayor's office of housing and community development the map before you shows the sites that are were the ludicrously plan for the affordable housing and four sites indicated that were originally programmed more affordable housing when the program was promoted with thirty percent affordable and there is still the opportunity this could be available and 80 sites that are in the current plan for the affordable housing. >> so some of the challenges and opportunities that are before u

a big day for the finance minister. ith some of the many difficulties facing the country. also following what is trending on social media, all on trending business in the next few hours. ♪ rishaad: it is monday, the 29th of february. this is "trending business" with me, rishaad salamat. ♪ live in tokyo, sydney, and mumbai. stocks rising across asia. leading economist pledge to do more to strengthen jobs, rising fears about japan. toking through the weekend salvage the deal, foxconn and sharp, won't

latesthank you with the from hong kong. g-20 financeinisters a governments must do more to boost global growth and central banks must take a step back, the headline from this weekend's meeting in shanghai. our chief agent economics correspondent was there and joins us from hong kong. good morning to you. the to see you. to see you could some recognition from these assembled leaders of the limits of monetary policy. >> good morning. this is about the extent of what they agreed on. an emerging consensus that we need to take the global policymakers taking the burden off central banks a little bit and the government needs to spend more money, and these collective governments need to begin structural reforms. that is the area of domestic -- unpopularular reforms that will lengthen the workday, nothing that the g-20 can't deliver much on. so while they have sort of agreed to take pressure off central banks, it's hard to see how they would deliver on that. they are heading into territory that the g-20 can't make collective agreements on. manus

investigating the finances of the catholic church. next he speaks with book tv. book, leonard pitts is local columnist and joy and read joy does with phone calls but we want to introduce gerald posner, the author of several books, his most recent is this one, "god's bankers," the history of money and power at the vatican, was it is published by simon & schuster. by simon and schuster. do is "god's bankers"? >> guest: they change every 20 years or so but for the most part their bishops and cardinals of the catholic church and the one person who runs the vatican bank is the pulp. the only shareholder at vatican bank, they hire layman to run the details of the in and out of money but the presents and people responsible for the finances of the vatican are the same people who run the religion. >> host: how big is the vatican bank? how much money does it hold? has access? >> guest: in reverse order who has access is a group of people, by its charter was created in the middle of world war ii, has been around seven years in the institution. citizens of vatican city, reli

is this the absolute final word on the finances of the vatican? no but it is a thorough word on what i wanted to find out. >> host: here is the book, gerald posner is the >> >> aho this series began by arthur's schlesinger, jr. end continued of her short biographies of nearly every president focusing on ronald reagan is the most recent. booktv has covered numerous barriers reason you can watch on the web site. my eight kids in tonight's and please keep this in mind we will have a a q&a session please get to the microphone if you do have a question. mehrsa baradaran george the faculty in fall 2012 saarinen is an associate professor. she previously tied pinky regulations at brigham young. during your time she has received significant media coverage pavilion tickets come in here temin's and american baker isn't there shall isn't international publications for go she earned her bachelor's from brigham young and her law degree from n.y.u. serving as a member from the law review. please give a warm wall come to mehrsa baradaran. [applause] >> thanks for

what is the pressure on the finance minister here? m the prime minister's office? what are president modi's key objectives for this budget? have moveds in india away from the economy. eruptedprotests have across the country, people asking for job reservations as part of the affirmative action infrastructure in this country. the problem is that while india is growing, there hasn't been a translation into job opportunities for the large population of youth. therefore, president modi's backity will be the shift to job creation, investment, economy, and progress, and try to reclaim some of that lost political ground. the second important point is about the investment cycle. india is caught in a vicious cycle of bad loans and chasing corporate's that have bad balance sheets. this cycle can only be broken if .he government intervenes these will be priorities for this gusman. arun jaitley will have to address the bad loan mess and clean up the balance sheets. rishaad: thank you for that. let's get more on this. welcome the investment director

erin: officials in salem are taking a closer look at the town financial records after the finance director was arrested for shoplifting. kevin: chilly start to the day as we go from sunshine to clouds ahead of the next system arriving tonight with different types of precipitation. sean: donald trump is eyeing another win in the race for the white house today while the battle between his chief rivals picks up. >> no one covers new hampshire like we do. erin: good morning, new hampshire. thanks for joining us. i' m erin fehlau. sean: i' m sean mcdonald. a beautiful moon out there. kevin: i have heard about this as "the calm before the kitchen sink." [laughter] kevin: we have various types of precipitation coming forward. some spots get freezing rain and some of that will be heavy. we will have much more on this with your forecast. let' s take a look at your morning ride. we are joined live by 95.7 wzid' deb: good morning, kevin. the morning commute is light, mostly due to school vacation week. the hooksett tolls look good. from manchester to salem, it is a 21-minute ride. not seeing any dela

erin: the salem finance director was arrested for shoplifting. jane savastano is on paid administrative leave. she stole nearly $600 worth of merchandise from macy' s at the mall at rockingham park during her lunch break on friday. >> devastating news. we are all shocked and disappointed. we feel for her and her family at this time. we need to do what is right for the community and the taxpayers. erin: she has been salem' s finance director since 2005, but does not write checks for the town. salem will launch a forensic sean: the state supreme court is set to rule on the appeal of a durham woman accused of starving a little boy living in her home. christina thomas is serving 10-30 years in prison for her conviction on first-degree assault. she held -- without food from her boy and sometimes forced him to stay in a dog cage in her house. he was later adopted by another family. erin: the nevada republican caucuses are today and donald trump is the heavy favorite to pick up a third win in a row. the battle for second between ted cruz of marco rubio i

we know that the stakes are high for the housing finance market, and for the broader economy.ask. we know that the stakes are high for the housing finance market, and for the broader economy.his. we know that the stakes are high for the housing finance market, and for the broader economy. however as i indicated in my remarks today, there are substantial challenges and risk associated with the unprecedented size, complexity, and duration of the conservatorships of fannie mae and freddie mac. after more than two years at fhfa, i can assure you that these challenges are certainly not going away, and some of them are almost certain to escalate the longer the enterprises remain in conserborship. i thank you for the opportunity to address you today, and look forward to the discussion that will follow. [ applause ] >> director watt thank you very much for a very frank, thorough discussion. i think we've all been treated to a real statement of concern by a person who has been in charge with this responsibility for our country. it is a rare treat to see, hear such an analysis of the la

it comes under the finance ministry but is not part of the finance ministry and that portfolio is held by the prime minister and that is why he is under so much pressure, that he has too up control over the finances of this country and how and where has all this money gone and in retrospect come into his account potentially >>> this is very embarrassing for the government. how is the malaysian public reacting to this scandal? >> reporter: monday is a public holiday here as we lead into the chinese new year, so perhaps we will get more reaction to how the public and opposition voices will react maybe on tuesday, but what we are hearing, obviously, is that initially over the weekend when these reports came out from switzerland was that the attorney-general and even the deputy prime minister were very upset that the attorney-general of switzerland had made such an open account of where the investigation lay. now, that is the protocol in switzerland, to be open, and that has been justified by one of their legal counsel. however, long-term the problem and the embarrassment for the malaysian

. >> has a 3 percent admissions as eager to talk about it the finance director not return our call for more information than theirs secretary said he was unavailable,ca strongsville mayor tom perciak a new ordinance that would assess a 3 percent tax at the theater theater but two other events,, ken dooner says it's his understanding that it would only apply to two tickets in addition to local ice rink and maybe some basketball games a lot of exemptions included, including charitable events, the people that we spoke to were not too happyw about the new idea. stuff is already expensive without adding an additional tax . >> i think it is unnecessary we are taxed enough i think is and should not be implemented.is >> councilman dooner says he was told that tax would only generate about a hundred thousand dollars each year if it became law july 1dr we should be getting more details at the next council meeting mo in march when the finance director is expected to provide more information. >> bernie sanders coming back to ohio this week attending a rally at baldwin wallace on thursday required,

the capital market. with other independent financing in the eu, especially on the continent, 70% of the financing -- we needo diversify. 2009 that each time the banks are sick, the overall economy is in trouble. this is why we need to grow the financing. manus: and that also means changing culture, doesn't it? culture and infrastructure. if you are so used to one process of getting your financing -- you've got a lofty ambition, to set up this reform by 2019. my question is this -- given the hubris in the commercial market, given the lack of, at this moment in time, unity, between cameron at hollande -- are you really going to deliver by 2019? >> i think so. you should not mistake two things -- one is, for the time being, we are in a market failure. we have more liquidity in europe than ever. investments have not met. it's more acute on the continent that in the u.k. place the to put in right incentives for the market to work and right now they do not. that we can do by 2019. then the market will have to appropriate. we willon't try to -- not make the finance income. we will simply try to have better regulat

well, the finance minister has pledged to double the incomes of $120 million farmers over the next five years. >> we need to think beyond food security and give back to our farmers a sense of income security. government will therefore reorient its interventions in the farm and non-farm sector to double the income of farmers. >> we have reports from is complete and start handing out good supplies. they don't need to make a big deal about this, but hand out food where it is needed immediately. >> the government has asked the national government for help. and they've welcomed international organizations to assist if the situation worsens. they can only hope that any help will arrive very soon. al jazeera. >> a student from the united states has given a tearful televised apology in north korea almost two months after being arrested for stealing a political banner. it's the first public appearance by the 21-year-old since his arrest on the 2nd of january. north korean media said that he confessed to what they call >> hollywood's annual night is over for another year. that issue of lack of--

however, because of the intricacies of our housing finance system, and the extremely high stakes forhe housing finance market and for the economy as a whole, if reform is not done right, i continue to hope that congress can engage in the work of thoughtful housing finance reform before we reach a crisis of investor confidence or a crisis of any other kind. while it's not my place to metal discussions,ical i am also not hearing much discussion of housing finance reform in any of the presidential campaigns. discussed but related challenges posed by continuing conservatorship is fannie mae insulation mac's from normal market forces that would otherwise inform their operations and business practices. ther differing views about business models leading up to the financial crisis, but in conservatorship, the responsibility to create a regime of market discipline and appropriate competition falls squarely on fhfa shoulders. the longer the enterprises remain in conservatorship, the greater and more comp catered this responsibility be -- and more complicated this response ability becomes. it w

all eyes were on the finance minister today. e have seen with the market's reaction is that the rand has lost some of the gains that it had over the past five days. it reached the lowest in six weeks. , seeminge rand gaining maybe there was some optimism in the five days leading up to today. we have seen those gains reversed. what we are seeing in the bond market is that bonds are soaring. investors not particularly convinced with what the finance 's focus was on the budget today. mark: are we closer to another rating downgrade? where we are seeing the disappointment in the bond market and equity market. we are anyinced us further away from that possibility? economistsa lot of are saying that they were not entirely convinced that the country would avoid a possible downgrade to junk status. randbeing reflected in the and equities market -- what the hisnce minister reiterated that he wanted the budget he delivered to be a viable one, sustainable one and credible one. he admitted that some of the biggest risks to the economic outloo

the site of liberty. it upheld public financing, but only on the condition that the candidates are agreeing to all of the conditions that accompany public financing. if you want the case shelling you have to do the king's bidding. if the government is going to provide you with money to finance your campaign, then ju to agree that you will not spend over a certain amount of money, you're only going to gain money in certain ways, that otherwise would not be permissible for congress to impose on candidates in general. and of course it also upheld disclosure as codified at that time, that candidates and committees would have to register with the agency, once it was constitutional, and would have to file reports. by the way. what was the first reform that was passed in 1971. a disclosure statute. the federal disclosure act of 1971 which went into effect april 7, 1972, which is the water shed date in the watergate saga because prior to april 7th, the nixon campaign was trying to raise as much money as it possibly could, even in illegal amounts from illegal sources because they wouldn't have to disclose that mon

do we expect to hear from the finance minister? nth annual budget since he became secretary, and he and the other lawmakers will be met by a small but rowdy band of protesters. he did say that 2016 will be a challenging year, faced with a deepening slowdown and china and an ever more uncertain global economic environment. let's take a look at that forecast for how to thousand 15 would pan out, gdp growth between 1% and 3%, headline inflation at three point 5%, underlying inflation at 3%. economists polled have forecast .hat gdp will be a 2.4% one of the areas that they're the estimates. he's estimating the surface will be 38 billion hong kong dollars, but has gained a reputation and local media for being unable to estimate correctly. made lowball estimates in the past compared to reality. january, forecast was closer to $95.5 billion, taking governmentllion the is using to supply housing for the next 10 years, and also some accounting for a market that still leaves a surface far more than investment -- than estimated in the first pl

he faced hours of questioning about the financing of an unsuccessful presidential campaign. e long-running scandal is well-known in france as bygmalion. companyn is a pr suspected of financing his bid in 2012. there was a huge overspend, leading to his party exceeding the legal spending limit. team hid 18arkozy's million of spending between bygmalion and ump. director of communications is the only one known to have participated in the fraud. ump at the time has not been called before the judge. sarkozy has denied any knowledge. bygmalion of the name a long time after the presidential campaign. reporter: a total of 13 people have been charged from bygmalion abuse ofd, confidence, or misuse of financing. a sad return to the paris state. eagles of death metal are playing for survivors of the bataclan. band members and fans have been speaking out ahead of the gig. three months on, the eagles of death metal are trying to overcome the trauma of their european tour. paris, aperforming in show front man jesse hughes will allow them to move on. >> there is a lot going into this. it is

in their glossy brochure, the finance company promised annual returns of almost 15%, money supposed to be for online borrowers. >> every day we turn on the tv. right before the prime time news, there was always the ads. i don't know why the officials support him. we can't say how real or unreal. we see research backed by the government. >> less than two years before the company traded. the scandal highlighted an alternative to the banging system, is system were there may be 2.5,000 person to pirn lending platforms, with investigators failing to recognise the financial risk. >> he insists he was mislead. >> government needs to give investors a clear reply. it's been too long. they say that they should take responsibilities. that was panic. >> and for some panic has turned to process. social unrest is what the government fears most. especially when it involved 900,000 disgruntled investors, who thought they were buying into something the government endorsed. the beijing offices are closed. authorities urge investors to register their claims, raising hopes there could be compensation. fol

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we will speak to the finance director. joining us at 7:15 to get his take on how the world looks. we will speak to paul around 50 minutes time. let's talk about the european equity market. european features uprising submit a little bit weaker. no surprise, when you look at the asian session. paris, have london, all indicated a little bit lower. i think the concern is all about oil. that is where we are seeing the real momentum. that is caused the whole idea of a deal between opec and non-opec seems to fall apart. sayinge oil dropping this freeze in production is ridiculous. that is their words. anna: take a look at the yen, talking that whether we could see strengthening and the yen. theng it down below 110 to dollar. in terms that gold price, i read -- we're calling of a superhero. oil seems to be driving the momentum. that will play on the markets at the start of your trading day. nejra: the pound has fallen for the first time since 2009 after bank of england policymakers said uncertainty place in thes european union is

jane savastano has worked as the finance director in salem for more than a decade, and just to be safe they are now taking a close look at their books. police say savastano walked out of the macy's friday with eleven items totaling just under $600, according to the town manager savastano has always been a good employee and she makes more than $118,000 a year. he says no one expected something like this and given her role as the town's finance director they will be doing a forensic audit just to be safe. >> we feel for her and her family, it's time, but again we need to do what's right for the organization and the community, the taxpayers. and we need to protect our trust. reporter: we stopped by savastano's home, her husband said they have no comment. she's out on bail with a court date in april. heather hamel, wmur news 9. jennifer: new tonight after its second propane emergency in two months, liberty utilities says it cannot guarantee the problem they have put into place a new monitoring system to respond quickly and now say they may move up their timeline to switch from propane to n

the main message that central banks can't get the job done alone. as financeinisters and central bank governors wrap up their first g-20 meeting of the yee, the communique called for fiscal policy to strengthen growth, job creation and confidence. and the finance ministers agreed to use all the tools in their tool kit whether monetary or structural or fiscal to meet their goals. a plan for coordinated stimulus wasn't included. without more of that, the recovery was at risk. >> so my sense is that there was in the room a renewed sense of urgency. and a renewed sense for collective action. the. >> reporter: the u.s. and germany had voiced their concerns about any new stimulus measures ahead of the meeting. there's also dissension about using dealt and negative interest rates, as in japan's case, to drive growth. g-20 ministers also pledged in their communique to avoid from get tiff evaluation from currencies. >> it's also not targeted for competitive purposes. >> reporter: china used the meeting to quell concerns about its ability to manage it. the governor as w

the campaign finance you see reported in the news they can be very misleading.t is only sometimes the tip of the iceberg. much of the money like a lot of the lobbying has gone underground. not being reported and it's unfortunate for the public when you're trying to figure out what's at stake and what's going on it's fortunate that it's been reported that joe wall and some of these other individuals that are associated with the rubio campaign but there are probably probably other individuals that are not registered that are not put on the press release and the public has no clue. >> the fact that blackstone might want dodd frank repealed, and goldman sachs wants dodd frank repealed, they second to members of their staff to go work for a campaign fawn for a candidate who would like to see dodd frank repealed. so are we okay? >> these are reasons we have seen americans for financial reform like the afl-cio says there needs to being disclosure of bonuses. giving thousands in bonuses, they claim we're being so generous bringing our expertise to government but really,

in the town the heart of the protest, buses, community halls and even the residence of the finance minister was set ablaze. protesters ignored peace for calm. they want status that would give them priority for government jobs and april quota in state institutions. they tried to appease the community by saying if it were up to them they would grant it. >> translation: the government has said it stands by the community in resolving all the hurdles that stands in the way to meet their demands. >> reporter: the chief minister's words have grown more an >> translation: we have been fooled so far by the governments. this government is bad in particular. we will ensure that this government is over thrown and we will boycott it. >> reporter: the community makes up nearly 30% of the voting population. they are traditionally farmers with a strong political representation in local government and not seen as being understandprivileged. it is also an issue of numbers. according to india's supreme court only 50% of the state's population could get reservation status. at the border with the capital new de

meanwhile, the finance committee chair tells me there would have to be a huge reason for the city to overlook a local business. eddy's bike shop has been gearing up for the rnc for more than a year, ordering mock-ups, getting the right permits, and doing research. >> but it was a lot of man- hours that's kind of down the drain now. >> reporter: the manager tells me he was shocked to learn in an e-mail last week that his being considered as a supplier. >> there will be some bids out from some smaller parts but the largest part of it, the bakes themselves and all the accessories are coming from out of statement. >> reporter: the city would not confirm to me that they are going with the seattle-based company that tracy described, telling me only that, quote, no final decisions are made yet. the finance committee chair, kevin kelly, told me he doesn't know what will happen with the bids but there would have to be a major reason for the city to pass up a local bidder. >> that they put a lot of time and money in, and blood, sweat, and tears into this, and if all things are equal, we always

on the state legislation items from the finance committee? >> yes, hi, gilbert kriswell. i wanted this body and the executive director to lobby our state officials like mark, and phil tang and david chui for money to go to the central subway expansion to the north beach. the south side of the city is cut off from the north side and i live at market and geraro and it is very difficult for me to get even over to north beach. i have to transfer to 3 different buses. so, that is my public comment to lobby for more money and what the surplus in the state you should have the governor, approve it. thank you. >> thank you and we have a card from bob flanhold as well. >> okay, so he will speak on the next item. >> so colleagues we have heard the public comment and we will close public comment and can we approve the legislative positions with the exception of this severed item? could that do that without objection? >> thank you. now, to ab 1641, and the connected items, supervisor weiner. >> thank you very much. excuse me, very much, and thank you for preceding over this portion of

a strong fundamental, according to the italian finance minister. al italyd and the european commission reached last month in order to let the lenders offload soured loans. by someoneurprised negative reaction to the yield. >> i'm not sure that markets gave a negative reaction. for a long time we had been looking at how to introduce a bad bank making assistance and the regulation did not allow to reach an agreement with the commission. now we have reached an agreement -- this is what we think we can obtain, given the state of state regulations in europe. although some market reactions may be seen as negative to that, a lot of interest coming from confidentry in being that this instrument together with our measures to accelerate the resolution will speed up npl. >> can i ask you about one particular bank? it is where you were a significant shareholder -- do you think the answer to that is that it will be part of that solution, that banks will gather together and rescue it? >> it has strong fundamentals. of course, a significant amount of npls. i'm con

president zuma wants the finance minister to determine how much he should repay. the it's not just about president zuma paying back the taxpayer money. it's not even about the amount. it's about respecting the authority. >> they emphasize that one of the functions is to hold officials to account, even the president in parliament last year opposition party officials demanded that zuma pay the money back. at the time zuma refused to do that. sthree parties took the matter to a constitutional court, which is set to hear the case next tuesday. some believe that he may be trying to avoid a messy court battle. >> this is the inconsistency of his position. he has now saying he will not pay. for us it was towards the end of the last year, the inconsistency around the finance minister. this is a president who has become weak, and it is beginning to show. >> opposition leaders say this is a political win for them. one that could have huge implications. >> he's admitting that he is the recipient of money and a criminal case must pursue. he must be charged with corruption, whi

the financing terry saying it is trending down the territories budget today. the local economy is laden with the risk. the government is protecting 2016 gdp growth between 1% ansd 2%. questec look at the markets, hong kong and china currently closed for lunch. here's how they were trading, we're seeing the global rally we're resuming a selloff picture for tokyo and mumbai. time now for bloomberg west. emily: another suitor for yahoo. appears in the form of time inc. where does bill gates and stand on apple and encryption. we asked for the microsoft cofounder to clarify reports that he is on the side of the fbi. the market selloff is dragging fintech down with it. we check in what is happening to funding and evaluations. ♪ emily: one day after apple called on congress to take up the matter of encryption and privacy the senate has proposed a measure that would make it illegal for apple or any u.s. tech company to refuse government orders for access to encrypted data. to help me break it down, here is kevin whitelaw. what do you make of this latest development? i

if you're in the fort myers, cape area, south west florida area you're going to select cape coral. you can apply for financing, see and the credit available to you right there. all in one spot, before you even set foot on the lot. which you can do, by the way, seven days a week here at fuccillo kia, either store. love it. billy fights with the banks, every single day. it's quite entertaining. bank right now. i've seen him throw a trash can across the room before because he said listen, i give you a lot of great finance deals, you need to do some of these for so billy's here working for you this month. getting you the financing you deserve to put you into the car of your dreams which, dollars included with your purchase or lease. or maybe it's something pre-owned like, what we've got right here. because you know, kia doesn't but toyota does, and there are many other makes and models to choose from here. unfortunately none of them come with these accessories. those are nice accessories, is that an upgrade in there tim? alright ladies tell us all about this one, go ahead. this is an amazing 2015 toyota tacoma, l

the finance minister of china said the g-20's focus on structural reform is unprecedented.ct, the use of that phrase seemingly also unprecedented. we talked to a lot of people over the weekend, good insights, and guess what came up? >> week, out of here saying we need to boost growth, we need to have appropriate fiscal and monetary policies. again, different countries at different stages. and, we need to focus on structural reform. commodity producing countries, oil exporting countries, and also -- and each one of them needs to do another reform in order -- structural reform in order to accelerate economic growth. isthe only area where there profound agreement is that the structural reform is the key element. it will be the real instrument. ok, on the bloomberg there is a way you can track how many times a certain phrase or word was mentioned in news articles. it also gives you a sense of what people are talking about out there. keyword, date range, and come up with something like this. i put "structural reforms" in and here we go. bit whenome up quite a policy makers gathe

from the point of view of the future of finance? brian: if you think about regulation, it clearly hasn't caught up to the change. that is natural. everything is moving quickly. i come at it and say what does it really do? the intimacy of the distributed power of the smartphone in the hands of a person is so different from anything we face in our business careers. the ability to communicate in real-time, the ability to transact in real-time, i think it will take a long time for regulation to fully understand that as it will take a long time for all of us to understand it. if you look at our customers, we have 90 million mobile phone bankers, 30 million computer bankers. the amount of volume on those devices rose 20% a year. the amount of customers continues to grow. the ability to talk to them, transact with them, give the notifications when they are traveling, the ability to tell us all of the different things that used to bother people. they have to call and wait to tell people they are traveling. these are amazing things. it will t

mexican central bank been known to be very transparent and open. , in the interview today with the financeinister that is part of the currency commission along with central bank, what he is basically telling us is that they are ready to act with the tools that they have. he mentioned both currency and molly -- monetary policy. and it is precisely because they want to keep this element of surprise. to get the markets to stop speculating as it is used as one of the biggest proxy hedge currencies in the world. we are watching emerging markets and all markets exposed to oil. talk about why this has become such a priority for mexico. it's become the hardest hit currency among emerging markets, and even the world's most traded currencies. it is down about 6%, down 30% in the last 18 months. in a particular situation because the fundamentals of its economy has been looked at very positive. we have a booming manufacturing industry. it didn't really make a lot of sense. the mexican peso is so liquid and so open that it is traded across the world 24 hours a day and five days a week. the mexican gove

issued by the mayor's office told us to move to a 2 year fixed budget that was be in front of the budget and financed continued for several hearings he understand the legislation was declined by the by reason of those budget and finance to the two year will roll in january the budget is predicated on a two year fix we'll see with the second year additionally the plan was a shortfall over the next 89 ever 99 point plus and 200 plus million dollars and ask does the department to take a 1.5 percent reduction that's not a large amounts but $38,000 in 76 and the budget in front of mrudz those general fund reductions looking at the current year and the history of case in permit volume as john cattle over the past years we've seen large numbers the increase in case and permit volume and we've seen double digits growth and project by project thirty percent over last year in the current year this is important in terms of what we're going assuming the budget i'll talk about that in a minute i wanted to show you we've seen those multi year double digits growths the volume in the current year john mentions this

but the senate finance chair hugh leatherman announced this week the bill would stay in his committee so lawmakers could hear from the dot and state infrastructure bank on road funding- a decision senator nikki setzler willingly took responsibility for- lexington "we can ask them very direct questions and everybody hears the same thing." thursday's fight split the groups- senators who want the bill discussed in committee- florence "we would to the best of our ability have the best information available to us." senators who want it discussed now- "let's start fixing the roads!" senators who want to pass governor haley's 3 plans together- "that's what we've been told, put them all three together." -and senators who want to deal strictly with road funding- "y'all are wasting my time!" after starting the debate, senator peeler says he's confident things are on the right track- cherokee "i may get stung or i may get honey, but at least i vote on the roads bill. ww wis news 10 the former chair of the state democratic party is throwing his support behind vermont senator bernie sanders in the

we've just heard the finance minister's words there. really not mincing how he feels over additional stimulus coming out of the g-20 meeting. but a lot of doubts about whether we're get any substantive agreement, or is this just an effort to correct a crisis in confidence? >> that's right. i think historically there have been many people who have doubted that you would see any substantive agreements coming out of these g-20 meetings. however, there's definitely a big push to have substantive discussions about the global economy because many here do fear that we will see stagnating global growth. as you were saying, there is concern that central banks are running out of options. today as well as yesterday, most of the discussions have been about how there's an urgent need for fiscal stimulus as well as for structural reforms. earlier today, i was speaking with the italian central bank governor about some of the challenges that g-20 nations face. this is what he had to say. >> actually, there are no signs whatsoever for the time being that

. >>> treasury secretary jack lew appeared before the senate finance committee today to talk about the president's 2017 budget. he answered questions about puerto rico's debt crisis, tax code reform and a proposal for a new tax on oil. this is two hours, ten minutes. >> the committee will come to order. today's hearing is on president obama's budget for fiscal year 2017. i particularly want to thank secretary lew for providing -- for appearing before us this morning and providing his time for us. while there are some hints about some of the details in advance, congress officially received the president's budget proposal yesterday. and as has been the case particularly under this administration, what we received was not a practical vision for the future. we've going to have to have order here. as has too often been the case, what we received was a not a practical vision for the future but designed to sewuency constituencies. he looks to raise taxes on hard working americans, including some special new regressive taxes that are being packaged as, quote, fees unquote. with all the revenue

councilman ken dooner said a full schedule prevented a thorough discussion at the last meeting he said the finance director told him it would generate aboutho a hundred thousand dollars per year for the general plane crash lands on a on a california road in five cars nobody was injured not even the pilot a surveillance camera was recording of the time, the single-engine plane slams into a car that lois lerner the pilot emerges the police are investigating they believe that they wind gusts caused itli. looking outside, skyline advance means across northeast ohio . snowfall, we are there are run on par, on sunday march thirteen, the clocks spring ahead . get some 50s after new philadelphia 52 . southwest to cincinnati, 53 warmer air will be just ahead of the system . diseased lungs sector and we will be in between both of those moisture becoming a solid event will turn out to be a mess for us to . will get pretty cold thursday . storm warnings to the north and west expected to be call enough with some heavy snow potential through much of michigan . of the, mississippi has some warnings in some count

i'm not familiar with the nonprofit finance fund. is there some type of agreement within the fund that building remain a nonprofit site or a public purpose site for a number of years in exchange for being eligible for loans? one of my long term concerns is, as mr. lee had mentioned, which is that we're able to keep in property for public use in the long term. i think a couple of years ago, when we're faced with a nonprofit displacement issue and the heated commercial real estate market. many of us thought about we wished we could have bought up a lot of property. the city ends up paying those rental increases if they're contractors with the city in order to keep the services going. we want to make sure this property stays in public hands even if it's not specifically in the city. there's some several of assurance. >> i don't think that is in the loan agreement. i do think if you would ask -- the nonprofit finance fund is made quite clear, they would never want to default on the property anyway. they are a nonprofit finance fund. they'

on the flipside, the mexican peso, the finance minister telling bloomberg there could be more surprise action like that rate hike we saw earlier in the week. traderslowthrough as suspect more intervention. story. love that yen hard it isws you how for central banks to get anything they want. alix: oil down over 3% today. it's interesting stocks worn down more when you see this slide in oil. a rig count should have been bullish, but it did not help oil prices at all. sugar is at a four-month low. rie ction fears, brazilian eal, but aluminum staging a 2% rally. they can be a china indicator. that was surprising that was up. joe: oil did not have an impressive week, even with the saudi-russia headlines about a production freeze. still not out of the commodity morass. alix: those are today's market minutes. i'm going to stay with oil. i'm looking at volatility, and it is bananas. that is my professional terms are this is brent-implied volatility, the white line is the historic 10-day volume. it is over 90%. we saw that level in august when , but it isselloff not just the short term. you al

i'm not familiar with the nonprofit finance fund. is there some type of agreement within the fund that building remain a nonprofit site or a public purpose site for a number of years in exchange for being eligible for loans? one of my long term concerns is, as mr. lee had mentioned, which is that we're able to keep in property for public use in the long term. i think a couple of years ago, when we're faced with a nonprofit displacement issue and the heated commercial real estate market. many of us thought about we wished we could have bought up a lot of property. the city ends up paying those rental increases if they're contractors with the city in order to keep the services going. we want to make sure this property stays in public hands even if it's not specifically in the city. there's some several of assurance. >> i don't think that is in the loan agreement. i do think if you would ask -- the nonprofit finance fund is made quite clear, they would never want to default on the property anyway. they are a nonprofit finance fund. they'

and same with the finances to get back on track. >> a lot of people who don't make the first appointment. >> the first appointment is easy. we talk about a couple of things, looking at your estate and assets, how important is it for you to leave things to your heirs, and some say, i want the last check to bounce, i want it all gone. and many people say, we have 500,000, or 200,000, we want to maintain that nest egg, and take an interest to live off. that's the matrix that we talk about, to see what are your goals and priorities. >> yes, some people want to leave a legacy for the kids, and government. come in and end up getting a lot of it. >> when we come to you, bring documentation? >> the first time you come in, bring whatever questions you have, the tax returns, roth ira, stocks, bring that in, and we'll be happy to go over that with you. some just want to chat and find out more about us. that's okay too. it's more to come in and sit down, and funed out what the -- find out what the priorities are, and can we help? and that's okay, now you have more information, before you came in. >>

and then over toward the finance for the north bay, he's bay or try rahal sfrrmt even though we havewe're not secretarying that until the evening hours. as we leave you within it frrjt. >> thank you, jeff. >> still ahead, local drivers o'ed millions. . in. >> we have den oo slate, and tonight's show is a great show! a car crash in san francisco ha. control, hit another car, then swerved on the sidewa and hit a man walking. the car slammed into the sidof a mother was inside the homewit. =sot= runs 0:10 "i heardhis hugboom.... oc"saw dewalk." =contvo= the accide unfoing near golden gate park, on 46-th and >>> all of a sudden we heard a huge boom. i don't care about that i wand h her. >> the driver, an elderly man and his wife were taken to nornl nrnl okay good ffrm san francisco as nourmgs you have until march 3rd to claim a refound. noufrmt n. >> nfrmt sfrmt. >>> well, coming um we're hear from steph curry. and frchlt a bald eagle is nrjs been seen since. also federal and state sagts are still looking inside a frrchlt. >>> >> what happened to your tie? >> plus the 1975. >> nurchlt nor

their next home and almost as many want to live with their adult children. >> not at all about the finances. in fact, the house that we were all living in, we're renting it out so we didn't even sell it to buy this house. it's more of a connection between the generations. >> grandparents like me are more active. you know, we do more things. we're healthier. we live longer. so the relationships with grown-up children can mature. >> reporter: and so with the right floor plan -- >> the light bulb went on. >> reporter: -- families that don't play together can still stay together. for "nightly business report" in washington. >> grandma the gamer. got to love that. >>> all right. coming up, deep in the heart of texas is the priciest ranch ever sold to a sports mogul. >>> the owner of the nfl's los angeles rams is now also the owner of a massive texas ranch and it's not his first land-buying rodeo. jane wells has more on the billionaire behind what's quite possibly the most expensive ranch ever sold in the u.s. >> reporter: it's good to be rich, but with the stock market seesawing and the outlook