of damage from the real-estate market, california is a very diverse economy, and you're beginning to see new signs of life, and for those wondering what about us, as i look at the national economy, i see lots of signs of life coming back into the economy, but i think what we are seeing is more signs of lifting california, so i am going to leave it at that, and i think we have a fairly good year ahead of us. thank you very much. [applause] >> thank you, jim. that was a great message not only for business leaders but our elected leaders around the room, so it sounds like there is a good reason to be optimistic, but we have to stay focused. as we look to the future, we do not have to look further than the technology industry to see what is driving san francisco's knowledge economy. goo mayor lee wants to make san francisco the technology capital of the world. as a result, not only did twitter the site tuesday in san francisco, a company acquired of market square property and is in the process of turning it into 1.2 million square feet of renovated office space that will include over 100,000 square feet of retail. someday soon up to 10,000 people could be working in markets

the growth of the gdp in the nation's economy will be as high as 3.9% in the second part of 2012. >> that was an economist lee him-iig of economic research institute. now let's take a look at some economic figures. the international monetary fund has forecast that south korea's per capita gross domestic product will reach $30,879 in 2016. this is the first per capita gdp above $30,000 for the country. >>> a think tank says south korea's income gap has widened. the korea development institute reports that income inequality worsened around the time of the asian financial crisis in the late 1990s. it notes that the gap now is at a level seen in the early 1980s. some local governments are requiring major supermarket month. they're trying to help smaller stores get a bigger share of business. about 30% of big supermarkets across the country are now involved in this effort, and the number is expected to increase in the future. that wraps up today's report from seoul. back to tokyo. >> that was sue choi from seoul. >>> a u.s. venture firm backed by the two executives who run google plans to

the u.s. economy lost jobs. >> the president's reelection team unveiled the new motto this morning. the video begins guy recalling the grim state of the nation's economy when president obama took office then goes through what the campaign calls accomplishments. the president spoke this morning in washington d.c.. mitt romney held a campaign event this morning in new hampshire. he will meet with newt gingriched is behind closed doors to discuss a possible future role in romney's campaign. gingrich may tend future campaign events. >>> -- u.s. diplomats hope to iron out a deal with the chinese government to ensure safety of a blind human rights activist who slipped away from custody. he escaped from his family's farm last week after being held there under house arrest for the last 20 months. go into trouble for exposing forced abortions and sterilizations in his town. he's under the protection of american diplomats now at the u.s. embassy in beijing. >> for the chinese government it is their rule that is at stake. any international consideration will always be trump domestic considerations. >> this comes as harry reid -- as hillary clinton heads

-- which nobody disputes exists since the lochner era -- on matters like this that involve the national economynt would argue that you would uphold the law and consider it constitutional. that was his point. thank you all very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tonight on c-span, pbs lead a discussion on poverty in america and its effect on women and children. >> in 1990, and the average room of congress have a network of to lend it $50,000 is floating their homes. by 2010, the average member of congress had a net worth of $750,000. what happened to congress that they could triple their wealth in just a 20 year time frame? for the rest of us, the average person has income of about $20,000, both in and 1990 and 2010. everyone else stayed level. i am not taking on members of congress. i am not taking on what. they did not understand someone that need extra the $40 in their checks to take the bus. >> you can watch the whole event tonight starting at 8:00 p.m. eastern on c-span. next come a discussion on the caus

the u.s. economy lost jobs. >> the president's reelection team unveiled the new motto this morning. the video begins guy recalling the grim state of the nation's economy when president obama took office then goes through what the campaign calls accomplishments. the president spoke this morning in washington d.c.. mitt romney held a campaign event this morning in new hampshire. he will meet with newt gingriched is behind closed doors to discuss a possible future role in romney's campaign. gingrich may tend future campaign events. >>> -- u.s. diplomats hope to iron out a deal with the chinese government to ensure safety of a blind human rights activist who slipped away from custody. he escaped from his family's farm last week after being held there under house arrest for the last 20 months. go into trouble for exposing forced abortions and sterilizations in his town. he's under the protection of american diplomats now at the u.s. embassy in beijing. >> for the chinese government it is their rule that is at stake. any international consideration will always be trump domestic considerations. >> this comes as harry reid -- as hillary clinton heads

leading the country who understands how the economy work so that we can get the economy working for the american people. >> mitt romney argues he is the best candidate to shore up the nation'smy. but first he will have to lock in his party's nomination. at the white house, cbs five. >> the stock market is closed in observance of good friday. the dow closed 14 points down more than corn% from a week, the nasdaq rose 12 and fell half a percent on the week. >> facebook has decided where its stock would be listed. the reportedly shows the nasdaq over the new york stock exchange. sources say that their lower fees and experience with technology companies like apple and google actually won them over. the menlo park company is expected to make their ipo next month. this next story is for the hunger kings fans. >> you need to have $1.4 million lying around the house. you can now buy this for 12. the home villages up for sale. an actual place called henrik river mill village in north carolina. the yarn mill shut down in the 1960's and the last residents packed up in 1987. if you cannot afford to buy a movie set, how about being on tv? big brother holding an open call right here in sa

time including the submission of an amendment to the 2012 state budget, was done to protect the nation's economy. >> the government had earlier proposed raising the price of fuel by more than 30% by cutting subsidies. starting on sunday. in an attempt to lower its financial burden. the recent rise in international oil prices has been affecting state finances. after fierce nationwide public protests, parliament passed a modified plan to allow the increase. the new plan will allow the government to raise fuel prices only when the country's average crude oil price fluctuates traumaticaltram dramatically for six months. protests have sub sided since the bill's passage, but tension may run again due to the remark. >>> japan's finance minister has given his support to jim yong kim. the american candidate for the next president of the world bank. jun azumi met kim, president of dartmouth college on sunday in tokyo. kim is visiting japan on his tour to seek support for his candidacy ahead of incumbent bank president robert zoellick's retirement in june. nigerian finance minister ngozi okonjo-iweala and

leading the country who understands how the economy works so we can get the economy working for the american people. >> reporter: mitt romney argues he's the best candidate to shore up the nation's economy. but first he will have to lock in his party's nomination. tara mergener for cbs news, the white house. >>> taking a look back at that unemployment report, the number of new jobs grew in manufacturing, hospital pi tal tea and in health care, but in retail the numbers fell, and temp firms are taking on fewer people. >>> new at 6:00, a kansas man has come forward to claim his share of the $656 million mega millions jackpot. the big win hear decided to remain anonymous so lottery officials presented the big check to a cardboard poster figure. all three people, or should i say three people in all, after claim to the cash including somebody from illinois and someone from maryland. we know something about that story, don't we. but those winners have yet to come forward. meantime, the mcdonald's worker from baltimore who claims she was a winner now says, oops, i can't 2350eu7d the ticket. okay. well, the city of sanford is on alert tonight as they await the special prosecutor's decis

. >> optimistic news on the nation's economy. omists say employers likely in the months of march. >> drivers hope and economic u- turn will drive down prices. >> the national average price regular, $9.94. it has-- 3.94. >> good news for people who behind us.to fill up you can see a gallon of regular is still under $4. barely. gas prices across the region are o rise.ing t the average cost in maryland $4.yland an average gallon of gas in d.c. is $4.19. that is close to the all-time $4.21. drivers say they are frustrated. >> it is ridiculous. >> it looks bleak. but people are still driving. it may be that $4 gas -- >> a lot of consumers we're are seeing these prices and are g used to pay close to $4 a gallon. if you do plan to go out of town weekend and are going south, the gas prices lower thane a lot are up north. reporting live for abc 7 news. torick santorum trying g campaign.sputterin he held a private strategy yesterday at tyson's corner. there will try to pressure newt gingrich to drop out of the race. mitt romney made stops i

to seek ways to improve our laws and regulations to better serve competition, innovation, the national economy, and, most importantly, the american consumer. thank you, mr. chairman. >> thank you very much. and thank you for those comments, which obviously i share about working together. we have not sat together before, but we will sit together in the future. our witnesses are sublime. barry diller, who i've known for many years. my wife says hi. is chairman of iac, former chairman of paramount pictures, fox broadcasting, usa broadca broadcasting and investor in ariel. you're very knowledgeable about the history of video, and you have spoken previously about how the disruptive change presented by online video may change the nature of paid television. so we welcome your testimony, sir. >> thank you. i'm glad to be before you today. i've had a long, some say too long career in entertainment and media. i've been chairman of three major studios, broadcast stations, broadcast network, cable channels, and now internet companies with more than 50 brands, so i've been both a practitioner and a student

its three main banks collapsed during a single week that had debts dwarfing the national economy. barack obama announced a new sanctions plan for iran and syria using technology to target citizens online. he made the announcement during the first visit as president. when south sudan became the world's newest state it was hailed as a historic success for peace. today the picture is less rosie. warplanes bombed a market in south sudan killing at least one person. border skirmishes increased recently and this latest incident raises the risk of return to the civil war. >> it is the site the people have come to dread. soldiers and civilians shot back but were powerless against the modern warplane. two places were hit. primary target is this bridge leading up to the frontline. there are several other failed attempts to destroy it. the rockets this time missed the bridge. nearby several shots were destroyed by a direct hit. one man was killed. three other people were critically wounded and are not expected to survive. more than 75 civilians have been killed in air raiding since the beginn

is critical to the success and sustainability of our families, of our communities, and of the national economy. however, challenges still remain. for example, women still only earn 70 cents on the there are compared to men. and for women of color it's even a larger discrepancy. today we're going to be releasing our report that's illustrates the obama's administration commitment to tearing down barriers that women face in the workplace, in the marketplace, in order to drive america forward. and those of you watching online, you can find the report at whitehouse.gov. the obama administration has helped create more security and opportunity for women in america at every stage of their lives and career. beginning with our girls. and i'm delighted to see we have a few girls with us today. for example, the president's innovative race to the cop competition rewards schools that take steps to close the gaps between girls and boys in classes that prepare them for careers in science and technology and engineering and math. stem as we

that has shaken established politicians here, but the stakes this time around, how to run the national economy, how to deal with north korea are much higher. lucy williamson, bbc news, seoul. >> and you're watching "news day" on the bbc live from singapore and london. is yale university coming to singapore or is it? what is threatening to spoil the deal. >> and a new designer. quickly what is making front page news around the world for you, the times in britain along with many international papers this morning meeting with the war in syria spilling across the borders into turkey and lebanon. government troops withdraw from opposition areas has come into force. the business world, the financial times flashes the billion dollar buy-out of instagram and the business section of the gulf news that u.s. share markets have pulled back sharply in the first trade since disappointing job figures were released last friday. there is a rise in popularity of france's far left presidential candidates who is running just ahead of the far right. and hong kong's rich hesitate to have babies. the majority of chi

wisconsin, maryland and washington, d.c cbs news talked to voters as they left the polls and the national economy was on their minds. 83% said they believe romney will get the g.o.p. nomination. first chip reid with the romney campaign. chip? >> reporter: good evening, scott. mitt romney is leading in the polls here in wisconsin and if he does win tonight it will certainly cement his status as the republican front-runner. today in a milwaukee suburb an upbeat romney was handing out sandwiches at a sub shop. he then gave an optimistic assessment of his chances. >> if we have a good turnout i'll become the person who receives the wisconsin delegates i need to go on to become the tom knee and take back the white house. so... >> reporter: in a short speech romney repeatedly attacked president obama and that's what he wants to do on a full time basis. instead he's going state to state engaged in an increasingly nasty battle with rick santorum. a fight santorum says he plans to take all the way to the republican convention in august. >> pelley: chip, thank you. santorum is in his home state of pennsylv

leading the country who understands how the economy works so we can get the economy working for the american people. >> reporter: mitt romney argues he's the best candidate to shore up the nation'sconomy. first he'll have to lock in his party's nomination. >>> returning to today's unemployment report, the number of new jobs grew in manufacturing, food services, drinking places, and healthcare. >>> a developing story out of virginia beach. mary is live in the news room with more on the f18 fighter jet crashing into an apartment. >> reporter: crews remain at the scene looking for victims. . the two navy pilots in the jet dumped fuel before safely ejecting. those men with at least five from the apartment building are being treated for nonlife-threatening injures. the pilots were a student and an instructor. >> the crash happened in the hampton roads area which has a large concentration of military bases including naval station norfolk. >>> a texas police officer is shot dead responding to a routine call at a walmart. police in austin were called for a drunk man inside the store at 2:30 am. the man pulled out a gun and opened fire. of the officer died at the scene. two employees tac

said until maybe the world war ii era, before the as south was integrated economically into the nation's economy, and as far as sentimen goes, even beyond that, there l was a sense of division. but i think i will leave with a comment by one of my favorite characters in the book. a fire-breathing confederate newspaper editor named edward om pollard. he was -- he was a really diehard confederate. it's kind of hard from reading his columns, hard to know whom he hated more, lincoln or jefferson davis.i but pollard in writing about -- he stayed around.pat he witnessed the occupation, and he stayed for a few days, but h wouldn't stop his secessionist i opinions so the union army threw him out of the city, but he sou observed firsthand the fire, thl fall of the city and he said, all hopes of a southern confederacy consumed like a scroll in the fire. thank you very much. >> be happy to take questions. yes, sir? >> -- i'm a high school history teacher and raced most of my life, when i get to the civil i war, the kids come to me and i h know they get it from their pec, parents, starting to say, from g his

. >>> and now, the national economy. a new snapshot of the health of the economy today. the messages are mixed. the government reported annual growth of 2.2% of the first three months of the year, but that was down from 3% at the end of the last year. still, analysts say consumers bought more cars, furniture and clothes than expected, and that spending is expected to keep the recovery going. >>> and now, politics, your voice, your vote. next week will mark the first year since osama bin laden was killed, in the courageous raid by the navy s.e.a.l. team six. whoever would have thought this moment would have become an opening round in the new race toward november. here's abc's jake tapper. >> reporter: it may be president obama's strongest attack yet against mitt romney, a new ad suggesting that if romney were president, osama bin laden would still be alive -- that romney would not have made obama's tough call. >> he took the harder and the more honorable path. >> reporter: and to make this argument, the president has enlisted none other than former president bill clinton,

rates the drug abuse wealth inequality amplifies that wealth inequality is like a disease in the national economy it's a disease caused by these same trickle down austerity measures that have been pushed on the greeks and are being pushed now in the united states the republican house of representatives joining me now for more about the effects of wealth inequality and how it's destroying the gravel economy and chuck collatz senior scholar at the institute policy studies and co-author of the coeditor of the website any quality dot org and author of the book ninety nine on how wealth inequality is wrecking the world and what we can do about it great book chuck thanks tom good to be with you welcome to the program this is this is marvelous what's your take on what's coming out of greece right now well i think you you know i think that the this expansion of austerity is is waking people up i mean we're going to see it here we're not broke and people know that there's plenty of wealth out there that we're living in an unequal society and yet paul ryan budget the house budget is like it's the blueprint

. >> ben bernanke will give an update on the nation's economy today. he will decide whether to raise interest rates. interest rates have remained at record lows. this is still low until a least 2014. >> 42 degrees on tv hill. there is a chance you're lying and cheating with the purchases you make. >> stretching the truth about personal spending. >> sarah caldwell checking on your morning commute. some closures to report in the city on greenmount of >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. it is shipping a pretty well on the major roads as you travel this morning. some closures along greenmount avenue between 25 and 27 because of a filming projects. we're trying to figure out what they are filming. 65 on 83 southbound from shawan road. 59 traveling to the towson region. 60 on the west side. 54 on southbound 295 down towards 195. we start with the west side. we're building a bit in the outer loop. a nice start down towards 95 on the southwest corner. this is the j.f.x. at n

the national economy, which is stalled. it is not growing. the state economy. and in ohio, governor kasich has done a good job of reversing the trend of losing businesses and jobs in ohio and you have the kitchen table economy. the kitchen table economy, they do worry about debt to pick up on what byron was talked about calling it irresponsibility, and the government is trying to balance the kitchen table economics and they do care. job training is to the what we need. we need jobs and that means we need we significant replacement of the tax code. >>stuart: i got that. back to job training and the quality of the work force. i have a report that says 55 percent of new employment entry people have a problem with arrive at work at time and we have the washington, dc, transit system trying to hire 1,500 high paid employees because they have crime problems and drug problems. what should the president say to that population that is not qualified for menial jobs? >>guest: the president should be doing is not meddling in trying to train people. businesses will train pe

the extent. it is essential to our economy, the growth in the economy, to national security and to education. so those are the criteria. and as a consequence, for example, i think it's pretty widely known that the level of regulation and new regulation is less than the first three years of this administration and the comparable three years in the prior administration. but we have to keep working very hard on that. >> thank you, mr. secretary. in the sake of time because i know we have a time crunch, i'm going to cut my questioning short recognizing that you and i spent a fair amount of time together yesterday and you answered a whole host of my questions. at this point i'm going to yield back my time and recognize mr. butterfield for five minutes. >> thank you. mr. secretary, the steel industry is a major employer in my district employing hundreds of hard-working men and women with solid jobs that they can support their families with. the industry is still recovering from the great recession. and increased imports of low-priced imports have hampered that recovery. specifically, imports of hot

leading the country who understands how the economy works so that we can get the economy working for the american people. >> mitt romney argues he is the best candidate to shore up the nation's economy but first he will have to lock in his party's nomination. >> another way the president is trying to reduce unemployment is through his new jobs act. the goal is to make it easier for entrepeneurs to raise cash without a lot of red tape. and a san fransisco family operation is already preparing clientele for their interviews. linda yee on the recession special they're offering to help them out. >> it is a small family business. but they run it with a generous heart. the sign that he saw on the door was free dry cleaning for anyone unemployed who has an upcoming job interview. the dry cleaner owner wants to help. it was her son sam's idea. inspired by what he read online about other businesses doing good deeds. >> in the economy that we're living in these days not a lot people have access to resources such as cleaning a suit for an interview somewhere. i'm just glad that we can help out with that. >> michael recently got a little help. >> i did not expect that at all, i was comi

they said it was for the good of the national economy. that's what they said. the launch, however, was the object of major international and american consternation because although no one particularly cares about whether or not north korea has communication satellites, there are a lot of countries that care about whether or not north korea has a long-range intercontinental missile that could theoretically be capable of delivering a nuclear warhead to, say, us. north korea's military dictatorship denied any military purpose whatsoever for this rocket. but that was met internationally with something like skepticism but far more intense. now, though, the major news here. now that there has been a launch, it's technical. the major news here is that the launch appears to have failed. instead of the rocket going up in three stages with each one burning off in turn and propelling the rocket upward eventually into orbit, which is how a three-stage rocket is supposed to work, this one just launched in north korea appears to have broken apart very soon after takeoff. the

financial institutions wreck the local and national economy and demanded bailouts. the privatized profits and what the profit to -- the public to pay the bill. visito-- they want the public ty the bill. visitors do not need more change or starbucks. residents want local, diverse businesses and business districts. they do not want identical strip malls from area to area. we want to have small business owners, as many as we can live in san francisco pay taxes and spend their money and their time here. they did not shift their profits out of town. -- do not ship their profits out of town. i would say keep the sales and service language in there for now until we see some good reason. we need to have broader categories of financial institutions in formula retail. thank you. commissioner wu: thank you. >> good afternoon, commissioners. speaking on behalf of the telegraph hill dwellers. one of san francisco's oldest and largest. the dollar's support supervisor mar's 0-- dwellers support supervisor mar's definition and the amendment that would be an unnecessary appeal. in no

. >> trace: the nation's economy should pick up gradually that's according to the federal reserve. that while unemployment is still high, the job market has strengthened slightly. that should translate into moderate economic growth. ed henry is live at the white house with more. ed, some good news but the fed chief is giving the economy mixed reviews here. >> that's right, trace. is he adding key caveats when you look at the numbers more optimistic than they were a few months ago. is he basically predicting that unemployment could be as low as about 7.8% around the election, around the end of this year. obviously that could be good news for president obama. he is also suggesting that the fed is now more optimistic about economic growth more broadly. but the caveats that were added were important. that housing is still a big problem in the country. weighing things down as well as the european debt crisis. take a listen to the fed chairman. >> most frustrating aspect i guess of the recovery has been that it has been that it's been quite slow. as a result here we are almost three year

the european economy. for the first time since two thousand and nine the seventeen nation eurozone economy contract and shrinking three tenths of a percent the last quarter of two thousand and eleven one more quarter a negative growth and europe will officially be in a recession and looking at individual nations you can see why the british economy shrank by two tenths of a percent the fourth quarter of the way to austerity measures from conservative prime minister david cameron who proudly proclaimed that europe has entered the quote age of austerity and growth portugal's economy shrank by one and a half percent in two thousand and eleven and is projected to shrink by three percent this year and portugal has done everything the i.m.f. has asked it to do taking austerity poison pills and slashing budgets and what's happened it's gotten worse portugal's debt to g.d.p. ratio went from one hundred seven percent to one hundred eighteen percent and that's not because portugal added more debt but instead because their economy shrank thanks to austerity spain and italy are also adopted austerity and also watching their

what best describes your thought about the nation's economy? see, 48% believe the economy is in recession, but getting better. you see the breakdown of other questions here. bring in our panel, steve hayes for "weekly standard." a.b. stoddard of the hill. syndicated columnist charles krauthammer. charles, the president really two days of nonstop campaigning in different college campuses, really going after the youth vote. what about this back and forth? >> well, i would say he has been nonstop campaigning since labor day. a little more obvious this time and moves on. the supposed policy trip are all campaign rally. we are aware, it makes sense. we are in a dead heat. republicans are demoralizing because they had a big lead a year ago, six months ago. when you blow a nine run lead. you feel that you will lose and the score is tied and going in extra innings. they are evenly matched. obama has problems. his record. romney has a problem, less attractive personality than obama is. if you look at numbers, gender gap of 5%. republicans are on the shor

bring them back to their feet so that they can just face the necessity of financing themselves and dealing with the economy. when european nations clutched to the marshall plan and try to rebuild their economy, we were there. when the newly independent countries in africa and asia hoped to find a new footing, we were there. when latin american countries tried to break through from debt in the 1980's, we were there. when the berlin wall came crashing down and new nations stepped out into a brave new world trying to build institutions from the bottom up, we were there. when the global economy almost collapsed three short years ago, we were there. the imf can provide a circle of protection that will help countries get back on their feet and face sustaining their economy. but to do this in today's world, we need more resources. now that the europeans have moved first, the time has come to increase our firepower. you wouldn't know that and i asked my team to look for it. the ratio -- the capital of the funds -- the ratio of funds quota relative to gdp is a three to four times less that was at the creation of the fund. we need more re