only 20% stays in the local economy. i did a calculation. if san francisco reduced car ownership by 50% to 200,000, we would keep an estimated $2.5 billion in the local economy annually and reduce carbon emissions by 1 million carbon metric tons. in this room, we have get around and relay rides. we could have the most powerful economic development program right here. what if the entire economy of san francisco was built around access like car sharing? that is what is happening. that is what these entrepreneurs are doing. the sharing economy is not just about new ways to consume. it is also about new ways to produce. it can be a platform for micro- entrepreneurship, creating jobs locally and organically, new technology, shared access models, and online marketplaces have dramatically lower the barriers to resources needed to create products, offer services, and want companies -- launched companies. tools the only large companies could afford are now accessible to the masses. the san francisco tech shop is one example. for a small monthly fee, y

the tournaments locally. hundreds of millions of dollars are expected to pour into the local economy. are warning about gridlock here in daly city and in surrounding areas. 45,000 people are expected to drive down john daly boulevard each day and that might be fine with the locals. the conservative estimate by sunday the economy will receive a $100 million boost. >> coming into town and it's going to be raet for daly city. we upped staff because we plan on a crazy schedule. >> reporter: the draw is tiger woods even with all of the baggage he has been carrying with him. fans want to see if tiger will inch closer to jack nicklaus for most major wins. if you plan to attend, they encourage you to park at the parking lot at candlestick park and take a free shuttle. prom the colma station. we'rey live liveut tsi ohede . cl>> s club. >> stay with nbc bay aata for opntinuing cer t t open at themp oicly t.ubcl we'll have lee cag aer cll week evtenng eventyo inbs urtitn nbcyos ortitaon forto tantna sginthrtay sdur tomena.ta sgin thaysdck che c c area.calm for more information. >> you wanted a c

you can create a meal for your family that you can enjoy and you're giving back to the local economy.rything here will be available tomorrow at the market. >> book can pick it up here -- people can pick it up here. that basil -- they will have it every tuesday ride outside in the parking lot at the shops at kenilworth and it will run through nov.. i'm busy eating gazpacho. >> that is good stuff. suggest you visit them in towson every tuesday. 73 in catonsville. 69 degrees in parkton. we're watching a front dipping down from pennsylvania. temperature rop off into the 60's -- temperatures drop off into the 60's. these are heading towards baltimore. pretty good idea to take an umbrella with you. we will see some scattered showers and thunderstorms. debby should be left behind. sustained winds, 50 miles per hour. all these bright white clouds producing heavy rain across florida. should drift around for the next couple of days. it could produce anywhere from 10 to 20 inches of rain across the state of florida. here home, a mixture of sun and clouds. high temperature in the mid 80's and a l

kristin fisher has more from outside their headquarters with what this means for the local economy. >> reporter: when exxon mobil first moved into this sprawling campus in the early '80s, it was a very big deal for fairfax county. for the next three decades it would bring high paying highly skilled jobs and a nontraditional industry to northern virginia, but yesterday the company announced all 2,100 employees would be moving to a new home in houston. the reason? company consolidation. virginia governor bob mcdonnell told the washington post we've actually been fortunate they've delayed their decision. we were able to keep them here a couple years to keep that presence here. obviously it's a lot of jobs. i'm disappointed. >> we're very, very sorry to see them go. >> reporter: jerry gordon is president and ceo of the fairfax county development authority. he's sorry the company is leaving. he says it will not devastate the local economy. >> the impact on fairfax county is less than it would have been 30 years ago when think first arrived. today we have 620,000 jobs and we're about to los

now, this two-day event is expected to bring in more than $100 million to the local economy. but more important, say organizers, is the message they're trying to convey. >> let these people know what we're about. >> reporter: tonight, 3,000 to 4,000 people walked down market street for this year's trans march, to promote respect and equality for transgender people all over the world. tiffany woods marched for her friend, brandy martial, a transgender woman who was shot and killed in oakland in april. >> brandy will never have the option to march, to either come here next year or be here this year. so i'm walking for brandy martial and all of those people who have been murder who'd will never have that opportunity to march. >> reporter: meanwhile tonight, the sf pride office is buzzing with activity. as organizers prepare for what they say will be their biggest pride weekend yet. they say hotel rooms are scarce this weekend. a few hotels we checked in including the clift were booked. and shops in the castro are ready to benefit from hundreds of thousands of out-of-town visitors

including skyline boulevard, in all the tournament is expected to bring in $100 million to the local economy. for the locals, we'll take the gridlock, especially if it means golfers and fans might stop by. >> coming into town is going to be great for daly city. we upped staff because we plan on crazy schedules. >> reporter: if you are coming to the tournament, organizers encourage you to park at candlestick park and take the free shut tool the tournament. if you are coming via b.a.r.t., the colma b.a.r.t. station will have free shuttle service. i was at the 2010 u.s. open at pebble beach. last year rory mcelroy won so it's a couple of years since the americans took the top spot. live outside the olympic club, anha ba>> nku.yoji orstay area for f weuint ovngineer cf agth oent u .ek week. bc f theons for the sinrttarsg nbcbayarea.com for more information on this week-long event. >> 5:03. a fresh drop of apple products make their debut in san francisco. tim cook will take to the stage to kick off the company's annual software developer's conference. apple will reportedly announce a new operatin

> it has already brought hundreds of jobs to the area and is expected to pumps millions into the local economy. grigsby you taste one of the burgers? we will have to find out later -- >> did you take one of the burgers? we will have to find out later. tonight cappella a program to help reading -- to night, a program to help reading and communities in need. >> [unintelligible] >> as you can see, a dirge away from students getting a sneak peek at their new headquarters -- utter joy from students getting a sneak peek at their new headquarters for their library. >> they told us what they wanted in their library. they told us the colors, beanbag chairs. we created what they wanted for this space. >> it is so amazing. if you see the library, it is the best library ever. >> i would agree with you. it is one of the best i've ever seen. they're also making food available in the food bank. they will also include fresh fruits and vegetables with the food the kids get to take home. >> and now, your 11 insta- weather plus forecast with chief meteorologist tom tasselmyer. >> cooler than normal temperatures

it will boost the local economy will providing a seismically state of the art facility. cpmc serves one-third of san franciscans. it is important that we invest in rebuilding the facilities. in doing so, you are considering -- you are ensuring that there will be adequate coverage for the long and short term health care needs of the people. it would be ideal to give up most of the jobs to residents. it is not realistic. bitchin' not bwith such educati, this city may not be producing a large pool of employees. we must keep in mind that job placement is established on the basis of qualification and education, not geography. cpmc has committed to employing residents, but we should not decide that we want to have qualified people, regardless of residency, serving our community. san francisco needs this project and ask that you support the rebuilt today. supervisor mar: please respect the speakers. i will call a few more names. [reading names] next speaker. >> do i have to say my name? supervisor mar: you are not required to. >> we must not contaminate our health care system b

billion euros to boost its crisis banks meanwhile dirty reports from ireland and the other crippled economy some locals are going back to the past with their currency. and russian markets drop as crude prices head for the longest wigley losing streak in more than thirteen years all the details in business in twenty minutes. eleven am in the russian capital you're watching r t i'm marina joshie had of the un along with the world bodies envoy to syria one more international pressure on damascus to bring about compliance with the u.n. peace plan but kofi annan also urged the increasingly aggressive rebel forces to lay down arms here's. where the latest from new york. after hours of closed door consultations members of the security council and the secretary-general ban ki moon have come out first mr obama hugh moon saying that kofi annan six point peace plan to some the violence in syria remains at the center of the international community's efforts clearly nobody has calling this plan a failure and at this point nobody is indorsing any type of military intervention into syria the most important thing righ

he received an exception to the fall's "no stunt" policy thanks to the local economy's sluggishness. now, phobs, you know a town is in bad shape when they have to create a tourist attraction to attract tourists to their tourist attraction. and with the whole world watching this incredible stunt, niagara falls will be back on the map, right, new york state assemblyman, janitoreto. >> weave got it. we have a shot throughout the whole world. somebody might be out there. somebody might be coming and saying i might want to invest in that city. they're on the move. they're think outside of the box. >> stephen: boom! outside-the-box thinking, unless, of course, well enda slips, in which case they might need that box. and 0eto is right-- this will make businesses want to build manufacturing plant in the city because if niagara officials are encouraging a man to tighted rope walk across a water fall in the dark, i think that sends a strong message that their worker safety standards are not the highest. now, personally, i hope this type of death-deifying stimulus program catches on all across t

hundreds of millions of dollars are expected to pour into the local economy as people flock to see tiger woods and phil mickelson and all of the other golf greats. police warn about gridlock in daly city and surrounding areas. 45,000 people are expected to drive on john daly boulevard each day. that might be fine with the locals. a conservative estimate is that by sunday the economy will receive a $100 million boost. >> historically what the u.s. open has shown it's able to generate north of $160 million. in montgomery county they were able to do that and in san diego. i would say here in the bay area, probably about $100 million. >> reporter: and the big draw is obviously tiger woods, even with all of the baggage he's been playing with, fans still want to see if tiger will inch closer to jack nicklaus. they are encouraging you to park at candlestick park. there will be free shuttle service and also if you pak b.a.r.t., park at the colma station. the last time an american won the u.s. open was in 2010, last year of course rory mcelroy. and graeme mcdowell i was there for the 2010 u.s. op

jobs and the economy continued to be ranked as the top issue for the city. about 24% of workers, second only to homelessness. the local economy and quality of life have improved, and we hope that all of you will join the chamber and the center for economic development as we work together to create jobs and create a prosperous future for the city of san francisco, and i want to end by talking about the process of how we elect our leaders, which is an issue that is shared by the majority of folks in the city. the experiment out of maryland is a terrible way to select a leader. no person in san francisco should have any question about who they are voting for, how their vote will be counted, or whether their vote will be thrown away. it is extraordinary we are faced with such a situation. it should be one person, one vote, one time for a healthy democracy, and i think the people of the city agree with that with over 58% for runoff elections versus 31% for voting, almost a 21 margin, and i think it is time for a change. i want to invite steve and back up to share more of the details, and i will take that. i should have an

organizers call the weekend one of the most successful ever expected to bring in $100 million to the local economy. >> quite the party. thank you, monty. santa clara county says it's keeping $30 million in tax funds despite the fact the money was promised to the new 49ers stadium. according to the "mercury news" county leaders say the money will be better spent on teachers. the 49ers say voters specifically earmarked the redevelopment money to the stadium and the county has no right to keep it. voters approved the funds in 2010. the,5009ers front office said it would absorb the loss if the niners can't get it back but others suggested the battle will likely end up in court. >> there is new information on that crash in the south bay this weekend that killed a woman. tonight, chp officers say they did find the may they think may have caused the crash. this is what was left of the woman's car. police say she lost control of her car and slammed into a tree on highway 85 in mountain view. the accident happened at about 6:30 last night. officers say they had a license plate of a car that was driving rec

as david reports, events expected to pump millions of dollars into the local economy. >> reporter: the 112 u.s. open isn't just in the golfing world top talent. travel in from ireland just to volunteer at the event. >> once in a lifetime trip, we have to come and support, same as the u.s. players. >> reporter: the u.s. golf association estimates a quarter of a million people will attend the tournament at the olympic club and spend about $140 million in the abare ya. hotels and food and beverage businesses say if the tournament is shining a spot light on an overlooked section of san francisco. >> right here by the beach some people think it's the boone tooks and brings a lot of people from all over the world. >> reporter: nearby neighborhood parking is permit only. speak day tores are being asked to leave their cars and ride shuttles to the course. the hope is to prevent a repeat of the 1998 u.s. open in which neighbors say the streets were over run with cars. >> you couldn't get in and out of the neighborhood. i mean, you could barely walk. there was all these streets were just packed

the last. three years and only further depressed mean a civil war economies and in michigan the problem is even worse since governor rick snyder has given himself the power to take over local cities that are struggling financially stripping down cut off public services bust up union contracts and sell off parts of the commons but now one mare from michigan as an idea to stimulate local economies across america and the america verge bernero is in washington d.c. this week to promote a new campaign he's launched with other american mares to drive economic growth the promise of the campaign is very simple buy local buy american joining me now is the mayor of my hometown lansing michigan verge bernero great to have you with us thank you tom tell us about your buy local buy america campaign and mirrors for mayors mayors for america america dot com well i'm very excited about it i don't know if this is a new idea or really kind of getting back to basics it's kind of an old idea by local buy american i think this is what made this country great i think this is where we started buying from the local store trading with you know a local farmer and so on farm market the idea is to us

est mated the two-day event will bring $100 million into the local economy. organizers don't want people to lose sight of the meaning of this year's theme of global equality. live in san francisco tonight, monte francis, nbc bay area news. >> monte, thank you. a traffic warning. crews plan to shut down several streets tomorrow morning for the pride parade. the parade route goes right down market street from beal to civic center. several streets are closed this weekend for the celebration. >>> stay with nbc bay area and nbc bay area.com for continuing coverage of pride weekend. we also have a story online about counterdemonstrations. people who say the weekend has become too commercial. >>> the ch pcp asking for help, after a deadly crash in mountain view. a woman died in what police say may have been a hit-and-run. the victim in her 20s. from mountain view. she was driving north on highway 85 near evelyn avenue when her car lost control and hit a tree at about 6:30 tonight. she died at the scene. the chp has reports of a white toyota camry driving recklessly a

if they get jobs, they will spend locally, which is how we support the local economy. i want you to know that i am a big fan of sf made. i want more things manufactured in the city. whether it is chocolates, fashion, accessories, things that we can sell. the more that we can manufacture in the city, we have lost blue- collar, we do not have that anymore, but there are other things that we can manufacture, including technology that has a chance for international markets. the other thing i am trying to do is make sure that our city appreciates the international status that we have. so that the more tourists who come here and take up the different events, be it the america's cup, or the fisherman's wharf, we have a chance to sell technology overseas and make that much more money. we are also thinking about how our economy can be better stabilized if we reorganized our whole payroll tax and make sure we are not punishing job creation in that we are creating the ability to have our own revenue stream even more sustained. so, these are just some of the ideas we are thinking

was ten times the size of the local economy ten times the g.d.p. of iceland when it all collapsed over a few days you can imagine the consequences. in other places like here in britain i mean there was a bailout. basically the taxpayers had to shoulder the burden to keep the banks like they were too big to fail. years which are. all over all over yet what we're seeing of course is this trend. which was so much to. crack down it was a point with. totally contrary to to be slow and gradual improvement in the legal environment that we've seen. over the years. of longbow and some more protection i was introduced here in the u.k. a similar one u.s. . steel we received basically a systematic crackdown on whistleblowers especially in the us a very serious one we are all. from one nine hundred seventy in the espionage act it's been used to. haunt those who are basically blowing the whistle blowing the whistle on. illegalities corruption which is hurting the general public and costing the taxpayer money ok so we think that the legal protections afforded to

as we're seeing the local economy picked up, it creates some strains to make sure we can meet the demands that our economy is facing. demands on public services be they muni or public safety measures, department or fire department, roads that dpw has to make up. we're seeing our resources stretched as our economy is growing. we have to make sure we are researching their red effectively. that is why i'm looking at revenue generation as a vital part of how we are supporting businesses. i have a handout that is here. over the years we have not seen major changes to our business tax. since to them and what we had a real estate transfer tax that has been applied but we have seen tax increases that have happened to our business community. we have seen incredible fee increases that have hit. -- have hit businesses large and small. the fee increases are the things that have had the most detrimental effect on the business climate in san francisco rather than a business tax in general. we have seen those every year. as fee increases the board has to either prove or we have to not approve and find t

restart reactors at its idle plant in kashizaw kashizawa niigata prefecture without consent from the local economy. >>> barclas has been hit with the largest fine. must pay more than $450 million for manipulating key interest rates. the regulators say barclays manipulated the london interbank offered rate or libor. they made false reports on short-term interest rates from 2005 through 2009. the regulators say traders at barclays sought to benefit their positions by asking colleagues to fix the rate reports. bank officials admitted to the wrongdoing and said four top executives will give up their yearly bonuses. this innocent the first time libor has been under scrutiny. in february, swiss authorities began investigating a number of foreign banks for possibly manipulating the international benchmark. >>> european leaders opened a two-day summit in brussels, belgium. they will discuss the way to bail out debt-riddens members and other issues such as growth plans and fiscal integration. the eu recognizes that economic recovery across the region has been dampened by austerity measures and nations with

the idea is, 1.5 million visitors a year, a premier destination for locals and tourists alike. it is an important destination for the local economy. we will be looking at a potentially expanding very service to fort baker and sausalito. we are analyzing the potential for that. we have no immediate plans to do that, unlike the address plans, which are more immediate. so why are we doing this? we are looking for a stable location that provide certainty for the park visitors, neighbors, and local businesses, and allow long-term investment for that site. we will like to see a welcome, national park-quality center at the dock. we believe this would be good for the city and national park service. we are also looking to provide at the same time, not only the dog, but identifiable and welcoming facility'ies. we're all we have significant needs on alcatraz island, given the decaying infrastructure. the balance for us is, despite the money we generate from sales on the island, there is investment needed for the port, at fort mason and on the island itself. we are trying to juggle the various responsibilities. as john said, the goal is to r

as we're seeing the local economy picked up, it creates some strains to make sure we can meet the demands that our economy is facing. demands on public services be they muni or public safety measures, department or fire department, roads that dpw has to make up. we're seeing our resources stretched as our economy is growing. we have to make sure we are researching their red effectively. that is why i'm looking at revenue generation as a vital part of how we are supporting busies

the per scheme has undoubtedly boosted the local economy but the ravages of the economic crash is still all too evident the main street is lined with boarded up shops with around fifty percent of premise is empty it's a scene that's repeated in small towns and biggest cities throughout. austerity here means business people are being hit with a variety of taxes and levies making it harder and harder to stay afloat let alone turn a profit. the whole country has suffered with the measures with the. new water charges which are common and shortly you household charge which will increase every year. there was a two percent hike up to twenty three percent of the point of sale tax with. something to improve the situation so people say going back to the point isn't a political statement it's a survival tactic and as the face of the euro hangs in the balance conus may not be alone in looking back for its future euro smith. and. while ireland may be turning to its old currency italy is turning to its old ways banks there are reluctant to lend money and some struggling businesses have no choice but

it's estimated this will bring in $2 million to the local economy. pride weekend draws both young and old to san francisco every year. >> it's just a lot of people here for the same reason. love isn't about gender, it's how you feel. >> looking at my legacy, i can remember going to the very first stonewall parade. this is my history, this is my people. i just loved it. >> and right now the pride festival is just wrapping up as everyone starts to make their way to the castro for the pink party. the pink party a street party that runs until 11:00 tonight. it's a dry event meaning alcohol is not permitted in the street. as you can imagine, with 1 million people in the city, parking has been a huge challenge and most people are taking public transportation. and of course tomorrow is the gay pride parade which starts at 10:30 tomorrow morning and the dike march here is expected to get under way. >> thank you very much. yet one more pride event to mentioned. hundreds of people kicked off their celebration by lacing up their running shoes for the 33rd annual

with the economic reverberation and it just makes common sense because you're keeping it in the local economy you're keeping those dollars which then reverberate in the economy that's why we can afford to pay up to five percent more and still make money and of course once you establish these markets the other thing is you may be able to negotiate price reductions once we get cities all over america saying we'll take a million pens maybe a pen maker will say by god if we've got that market we can lower our price and make it in america and employ americans and i hope that will also lead by example to i hope that americans will start to think about their purchases because if you care about jobs in this country if you want to create jobs you can do it as an individual i'm sitting in american parents right now that were bought on line because it's hard to find them sometimes in the store but if you look on line if you look for buy american you can employ americans today we can each make a decision and i tell you we are sitting on an economic stimulus and this is a sustainable economic stimulus and

would make a massive difference in crisis hit close the permit scheme has undoubtedly boosted the local economy but the ravages of the economic crash are still all to evidence the main street is lined with boarded up shops with around fifty percent of premise is empty it's a scene that's repeated in small towns and biggest cities throughout our land austerity here means business people are being hit with a variety of taxes and levies making it harder and harder to stay afloat let alone turn profit a. yes it's not just told us towns the whole country has suffered with starting measures with the. new water charges are common and shortly you household charge which which came in this year will increase every year. there was a two percent hike up to twenty three percent in the pike to sales tax which we have to do something something to improve the situation still keep this state going back to the point isn't a political statement it's a survival tactic and as the face of the euro hangs in the balance clueless may not be alone in your king back for it's teacher nora smith r.t. closest island. the fr