i think this is a hugely important project for the city, has major long-term implications. and i think frankly it's a sign of our progress that the planning director is making this a planning project not [speaker not understood]. it is a hugely important project how we think about planning these days to link transportation and land use. so, thank you for this opportunity. i just want to start by doing something that we do a lot lately, which is to talk about why it's important to do this. these are the numbers on this side and i think you have copies of the presentation, yes? did you get copies? >> no, i'm sorry. that's okay, we have it on our screen. >> sorry about that. i always like to start with the growth in the region and in the city. the projections that abag has made for 20 40 is that the bay area will grow by over 2 million people and over 1 million jobs requiring 600,000 housing units. ~ and i -- and they are moving in a good direction in the sense that they are proposing that the vast majority of this growth happened in what are called priority development areas,

for the long beach police, it's a big operation. sergeant lee debraybander is in charge. >> just playing this alone was a huge event. we had surveillance all over the place in undercover vehicles. we have the arrest team in place. we had in excess of 25 officers on this at any given time. >> and it's challenging for us as well as more potential predators become aware of our investigations. look at this posting on the craigslist website, presumably warning internet predators that "dateline" is in long beach. and on our first day some show up but never come in the door. >> will. all right. >> like this man, who doesn't like what he sees and pulls a u-turn even as the decoy waves him in. >> i think he's a goner. >> do you want to sit down and get a drink? i'm going to get something really quickly. i'll be right back. >> yeah, sure. >> did you bring everything with you? >> yeah. >> awesome. i'll be right back. >> this man might have gotten a look at our camera crew behind that curtain. >> he's running. he's leaving. >> can you do me a fa

oil prices probably uneffected for the short-term. long-term all positive. >> brenda: jonas, is it all positive? >> look, this is dirty fuel, tar sands, no question about t the only part we can control are the pipeline in america, and some ways it's an improvement over the alternative which is shipping it to china. it's not great, but better than anything else and we probably should go for it. >> brenda: scott, what do you think this is going to do for gas prices. >> brenda, i want our hands on that oil. for every sent of increase at the pump. 500 or so billion out of the market and economies, i like this here and a reason we can actually try to start getting some of the oil and it's going to create jobs, guys, jobs and tax revenue. i think that's a good thing. >> brenda: thanks everybody and especially to julian, appreciate it. >> thank you, brenda. >> brenda: so these guys just told you why we need the keystone pipeline. now get the name to help ease your pump pain no matter what the president decides. and now, it's not enough to be hot,

during the 1970s and '80s, the federal reserve adopted long-term policies to halt inflation and ease ployment. but what would the fed do in an economic emergency? monetary policy -- how well does it work? that's the question economic analyst richard gill and i will investigate on this edition of "economics usa." i'm david schoumacher. the federal reserve board is responsible for deciding how much money the economy needs to grow. in the early 1970s, the fed held to a policy of using the money supply to try to keep the economy on course. in times of inflation, the fed tightened the money supply to squeeze excess dollars out of the economy. in times of recession, it increased the money supply to stimulate growth. but in 1975, the fed, under the chairmanship of arthur burns, faced a new and troubling dilemma -- caught between persistent inflation and a growing recession, how did chairman burns keep the economy on course? by late 1974, inflation had become a serious economic problem. under pressure from rising fuel prices, inflation rose to a staggering 12%. inflated interest rates had dri

it can't grow the economy now and focus on the long term. i would say i was influenced by paul krugman and who what he wrote back in the 1990s, what he wrote in materially 2000 united statess. in the 1990s, i've got to say, you would have been a member of newt's anti-debt party. >> no. >> in the 1990s you look at your books, your writings and you said it was startingly irresponsible for the federal government to run deficits because you talked about this coming army of baby boomers and you've said it was going to hit in 2012 and that's when we needed to be ready. >> but the point is it was irresponsible to be running deficits when the economy was at full employment. and it didn't need the support from the federal government. we mised that window. we didn't do it. we didn't pay down the debt when the economy was fairly strong. now we're in a situation where trying to -- obsessing about debt right now at a time when the economy is very weak, whenever dollar you cut from federal spending is probably going to take a dollar and a half out of g.d.p

to foresee the long pole in the us this was the first flights of the new year and i was taking it in with the people who valued it most here over the centuries the sami but with only a few minutes to enjoy it we had to make the most of it ah the sun takes more victims. that shot all. we get ready you know what's going on here let me explain to him stand could be painful stuff down they didn't have a proxy so they used to stick yeah we'll find out which of the teams is stronger let's go. friendship land returns de line just a month with a series of traditional semi games like the strangest in football and when the tourists join in these things can get pretty competitive. justice to. reduce. the level was my game. plan with a lawsuit. here's. the best. way to celebrate the first line. but. it was time for me to head for the train back to moscow. but traveling through deep snow drifts even in daylight isn't exactly easy unless of course you could a few experts taking the leap. over a course these intense polar nights. but i got to see the aura borealis the most said the first light of t

sergeant lee debrabander is in charge of this operation for the long beach police. he says his department would not be able to run an investigation this large on its own. >> to run an operation like this, at the front end there is a lot of man hours going into the internet chats. it would cost an astronomical amount of money to pay police officers to sit in front of computers to conduct these chats. >> essentially, perverted justice had the expertise and time your department didn't? >> that is correct. >> runner. >> got it. >> and they need that expertise during our investigation here in long beach. for the first time, they'll be tracking a suspect to a nearby park where he may think he'll be able to lure a young teen into his car. >> everybody on this? >> we got it. we got it. we got it. >> the house will still get busy. >> how are you doing? why don't you have a seat right over there on that stool right there. are those your friends outside? some will try to make the getaway. >> take him. take him. he's running. >> the police will have other plans. >> get on your k

tryingdo is make these top institutional changes that will turn arrest the issues of violence in the long term and so that is on the one hand having better and more application and second is [inaudible] who are most likely to do all of the crime i'll give you a sample. [inaudible] did a study of kids in consumers and disci% of those people were getting in trouble with the police and so it's not like something that you cannot handle and also trying to get 2,000 mentors to do -- [inaudible] those are the kids that want to get job jobs this summer because we can change their live at that point so using our social services in a smarter way and even if you have just -- at the table if i think if i can get the violence flattened from the mayor and job platenned and i think if i can get 3,000 jobs this summer -- [inaudible/incomprehensible] because it is there are just too many dents in the stright streets of america and change the long term situation may hem mean time the police chief is doing an excellent job with the resource we have and we work constantly on the federal monitor and we are ge

the long-term trends in the stock market are up, and as long as you're five to ten years or more out, then the stock market is in your favor. it's an incredible way to build wealth. >> you know, tom, the last two times the markets hit multi-year highs back in the year 2000 it was at the end of a bubble. it was a tech bubble. in 2007 it was a housing bubble. what do you say to the person in the tape piece who says it's a bubble again and i'm going to get hurt again? >> again, you have to go back and look at the long-term trends. it's very different, a retired person versus a younger person that still has many years of earnings left ahead of them, and it depends on how much risk you want to take, so that's the key. if you are closer to retirement, you may want perhaps 25% of your portfolio in equities. if you're much younger, still earning a living and saving money, then you'll want a much greater percentage of your portfolio in equities. >> you know, all that makes so much sense, but when you're talking so-to-somebody about their retirement savings, about college savings plans, they ar

how is that not being serious about the long-term entitlement problems? >> then why haven't senate democrats passed the president's plan? the house has passed a plan twice. over the last 10 months to replace the sequester. senate democrats have done nothing. it's time for them to vote. it's time for us to get back to regular order here in congress. whether the house passes a bill, the senate passes a bill, if we disagree we go to conference to resolve the differences. i made this point at the white house today. it's time for us to do this via regular order. later on this month, the house is going to move its budget. senator reid acknowledged that the senate expects to move their budget later on this month. hopefully out of this process, we can go to conference with the senate and maybe come to some agreement. >> what goes on in these meetings? you talk about a nice conversation and talk about your relationship being pretty good with the president. it's hard for any of us to believe that given how personal it seems, how pointed the language seems to be, and

all of which are very essential over the long term in particular for the police. the police have been fighting for a long time as elements within the counterinsurgency forces. anys the case with counterinsurgency, the commander has to watch the operational environment very carefully. there will come a point when the insurgents have been defeated and what will almost always be the criminal nature of insurgencies, and most insurgencies have a criminal nature to them with the criminality will become the principal challenge as opposed to a security challenge from the insurgents. in some parts of afghanistan, we are there today. the police need to be able to transition smoothly from the trailing edge of the counterinsurgency to the leading edge of law enforcement. contributions by countries like japan and korea to the development of police and police capacity is helping us to make that a critical transition from counterinsurgency to law enforcement in larger and larger portions of afghanistan. we would not be where we are today in the campaign without the sacrifices of

more than three hundred thousand people live here year round and many have their own way of making the long winters a little more bearable. so i said i'm going to tell you about how interior decorations should be fashioned to match the conditions prevalent in the far north considering that it's pitch dark outside we have to have as much light as possible inside in this flat we use one hundred ten lamps to provide good lighting. requested in this flat we've bright color as we have yellow because it's known to affect people in a good way and evoke positive emotions. we have also used purple because it's a color and that's bright makes it still more optimistic. bicycle that we have many flowers in this flood to create even though the artificial well the feeling of warmth and summer. ok done. much better a big dog outside but at least we've broadened out the inside a bit. and if you're looking for really bright buildings here's one the committee seen for miles around. of all the things you might expect to find north of the arctic circle of botanical gardens probably isn't high on the list but i

this is the long beach arena. it's part of the broader long beach convention facility. it was built on fill land from 1928-1932. it was actually built on 1962. it's a basketball facility. it's hosted the olympics in the past. it's got the largest mural in the world featuring marine life. it's not really part of an active water front. this facility is separated from the water by a 6 lane roadway and this lag other lagoon is a man-made lagoon. it's not the water front that we are seeking for 30-32 but very similar to facilities on tight lands. this is predecessor to the long beach arena long beach auditorium. great architecture at this location. these were used primarily for concerts. the first municipal auditorium ended up collapsing and replaced by the second auditorium that operated in the 1960s and this is more of the kind of architecture and public access that we are seeking at 30-32. interesting comparison of the long beach auditorium which was built on fill on 30-32. you can see the structures. another component of this multipurpose venue is that the city doesn't ha

the it's. because it takes. two days to travel from. one. of those permanently days can be very long if you're not used to them and you decided to introduce me to one of the popular local pastimes. we're not exactly surrounded by shops out here so for us food in the lab is enrol the sort supply and he has invited me to try a little night fishing so we're going to see. if we can get him by saying. you know people here really enjoy fishing during the long pole and they get so carried away by it that they become oblivious to anything else if you're lucky enough to catch one you'll enjoy eating it it tastes so good you wouldn't want to eat any other kind of fish there's nothing like it and it was nothing tastier than fish caught in a long pole a night so no pressure then but fortunately jaroslav turned out to be a very good teacher. used. to go by. to let me go oh you're lucky. that's a beautiful fish. it's a dog fish. it's very healthy because it has all sorts of it's a man's a little hard to find in the winter that's why we see from it and feel it's too and don't fish liver is simply d

and then i began to realize the oil had spiked quite a long time ago and was never going to come down to the old price it was $16 a barrel for 100 years until opec in 1974. and then it jumped to 35, what i call a paradigm jump which was unique in any large asset class. and it traded for about 30 years with the usual great volatility, oil is very volatile, around 35. and then in the last few years it took another jump to about 80, 85. which is a whole lot different from 16. and you can wait as long as you like until you die of old age. it's not going back to 16. >> rose: is it going back 20-to-35. >> no, this is cost driven, you go to shell, to bp, ask them what does it take in your mind to find a decent amount of old-fashioned oil. and they will tell you, 80 bucks, 85 bucks. >> rose: this is again how you look at numbers. there is an impending shortage of fertilizer, according to you, yes? >> there is a guaranteed long-term shortage. and that's what separates most of our work from that of other people. we find that oil is a paradigm shift. we then say well why shouldn't it apply to al

>> well, the bigger problem than medicare is the whole health care system. as long as the health care system is eating up 17.5% of our gdp, which is far more than anyplace else in the world, we are going to have a problem with paying for it whether it's paid by the government or by corporations or by individuals. that is the ultimate problem. unless we get that under control, we are going to be facing problems, whether the corporate level or the government level with our health care costs. >> okay. another question comes in from david wade who asks i've been a ve very successful investor who averages 18% over the last few years but right now everything looks too rich for my blood. isn't that a bad sign? >> it may be a bad sign for him. everything doesn't look too rich for my blood. plenty of things do. but there are lots of investments out there i like for the long term. very good businesses selling at reasonable multiples of earnings. >> 18% though. is that a really high -- that's a high bar to jump over. >> if he's been making 18% there will be a line in front of

the ansf. it's come a very long way. its school systems, the afghan military academy, soon to be the officer school, which has been called euphemistically the sand hearst in the sand. the various m.o.s. military occupational specialty schools. all of those were under construction, if you will, at the time, which is given the ansf the capacity to move from being in essence an infantry force to an integrated force of the various arms. that's the first thing. i think that the capacity of those schools to build the specialty fields that we need within the ansf has been really dramatic in that regard. so that we are now beginning to see, and there are still significant work remaining for the buildout of the ansf. it's not completely built until the end of 2013 actually. we're still fielding sathe amount of the force, although it's mostly recruited. but areas, such areas as logistics, transportation, engineering, explosive ordinance disposal, aviation crewmenship, all of those things are beginning to meerge as viable occupation

next stocks have been on the tear, but how long will this run last? your money with ali vel chi starts right now. >>> the stock market continues on its four-year tear culminating. this is your "your mown." where was your money while everyone else's was growing? i have a message for the 47%. you know who i'm talking about. >> there are 47% of the people who will vote for the president no matter what. >> not that 47%. i'm talking about the 47% of you not informsed invested in the stock market. a record high for the dow. simple message, wake up. while you have been hitting the snooze button, stocks have been soaring. it's been going on for four years. whether it's $100 or $10,000, you need to be invested. butt putting that money in the bank is costing you as inflation erodes the value of your money. i know what you're thinking, easy for you to say now that we're setting records. pay attention. when the market was at its lowest, i was saying the same thing. >> for those people who did stay involved in the stock market, they have seen something of a gain. >