the thing about solar panels is they work during the day owl. so the big question is what about at night? well when isn't shining. in the past the only solution you had to that was batteries. you would have to purchase a large group of batteries and wire them to your system. during the day the sun would produce what your house needed and charge up the batteries and at nighttime you would draw off the batteries. what has made solar go from a niche market and explode to a big popular market has been a breakthrough called net metering. because the sunshines differently during different parts of the year it makes sense to go for a whole year before you settle accounts. so you get a statement every month, but you don't have to pay it unless you want to. your credits or debits roll over from month to month and at the end of the year you settle accounts. the key concept is magical in a sense. the utility grid is a two-way street. you can send electricity back up in the lines. because you can do this, in effect, the grid can take the place of your batte

for 2011, the panel predicts growth of 2.2%. that was manifest in unemployment figures. the report saidobless totals will drop to less than 3 million next year. and it said the growth is being driven by increasing domestic demand, as well as continuing strong exports, especially in fast-growing markets like china and india. >> bold is near record highs as investors look for state -- gold is near record highs as investors look for it safe havens. we have more from this week's g 20 meeting. >> gold has never been worth more than it is now, at least when measured in u.s. dollars. it is thanks to this man, in part. former federal reserve chairman alan greenspan. it was he that slashed interest rates and kept them love -- low. that is when the gold rush began. in 2008, his successor ben bernanke cut rates again and gold is now selling for $1,400. some are asking if the record price may have less to do with the high value of gold than with the low value of the dollar. said chairman bernanke, not only is he keeping interest rates close to zero, he is printing more and more money

the panel will consider how to encourage efficient management through larger scale farms. it will also study how best to process and sell agricultural products to increase farmer's income. the government plans to implement the necessary measures put forward by the task force targeting june 2011. >>> let's take a look at the latest market figures. >>> iraq's prime minister nuri al maliki has begun forming a new government. maneuvering has already begun among various political groups which may complicate the assignment of major cabinet positions. on thursday, talabali asked al malaki to call on all people to overcome the disputes of the past. he proposed that everyone put their differences aside and open a new chapter in the history of iraq. the move comes two weeks after iraq's political groups reached a compromise on the power sharing agreement. it follows an eight month deadlock after an inconclusionive parliamentary election in march in which no political party merged with the economy. al malaki must deliver a list of cabinet members to parliament within 30 days. >>> japa

but, today, we have had more revelations from the panel. have included the fact that there was a rush, a perceived rush to get this oil rig up and running and finished. that lead to mistakes and this culture of negligence that the commission talks about. they also pointed out that all three companies, bp, trans ocean, and halliburton really need to reform their safety procedures from the top down. >> tony hayward said that in dealing with the gulf of mexico oil spill took bp close to financial meltdown. he admits that the company was not prepared for the fallout nor the media frenzy that followed it. >> horrifying images of wildlife suffering. >> the news flashed around the world. >> the headlines of a disaster that brought bebe to the brink. the figure at the top, tony hayward, was described the most hated man in america. time after time, bp failed to stop the leak. mr. hayward now admits that the company got things wrong. the people's contingency plans were inadequate. -- bp's contingency plans were inadequate. we were making it up day-to

bring in the panel. fred barnes, executive eder to of "weekly standard." a.b. oddard of "the hill." and syndicated columnist charles krauthammer. okay, charles, your thoughts? >> when you have to appeal to the magna carta, you're pathetic. his defense is he couldn't afford a lawyer. what what is he indij innocent? he has place in dominican republic. he just doesn't have a defense. the only issue now is level of punishment. won't be expelled and probably get reprimand. why he didn't settle it months ago i don't know. he thought he'd run out the clock or dodge it in some way. a sad photonote on iconic career. >> bret: the full ethics committee will meet thursday and this is the next phase to go over sanctions. what are the possibilities here? charles mentioned he doesn't think it will go the full expulsion from the house. >> it doesn't look like he will get expelled but there will be a letter that he will admit wrongdoing. mr. rangel did not have to invite the trial. he's so full of bluster and made a huge scene unnecessarily. charles is also right when you are dr

. >> bret: much more on this with the panel. thank you. one issue both sides agree must be addressed, expiring tax cuts. basically, a giant tax increase. the first of the new year. but white house correspondent mike emanuel reports there is a big gap between the parties on what should be done. >> reporter: aboard air force one before landing in asia, president obama reiterated the the argument against bush tax cut for hiring americans. >> boost the economy. >> reporter: earlier his senior advisor david axelrod spoke what the white house wants lame duck congress to do about the tax cut. >> we have to extend the middle class tax cuts. we have to do that. do it permanently and give people security of knowing the taxes won't go up. that is important for the country. >> it's maintaining the tax rate for the recovery. senator demint hinted to chris wallace about potential compromise. >> i hope we can get a permanent extension. if the president wants to compromise on the two or three-year extension, what is important is that the businesses know wh

i happened to be on the panel. everybody was talking about stakeholders and how we wanted a team player. i think the culture makes the player. now you hire somebody that is going to be a team player. we need independents. i am not sure i would go with the reelection everywhere. in san francisco, you have got an intelligent electorate, but i think independence is very important. also, you have to be independent of the judges. we found they were intimately involved in selecting the people who would appear before them. we found 90% of public defenders reported judicial pressure to expedite cases. that means when you are under one staff -- understaffed and overworked, the judge says, you have enough time. we need to move things along. this train that has to be speeding -- i think that is a real problem. judges are implicit when public defender offices are not given the resources to do an adequate investigation, so i think those are big problems we see. >> you raise an interesting point about whether a public defender sh

the middle east. .. >> we have not been as heard in previous panel. we have serious, seriously upset the balance of power in the region by the invasion of iraq. it's amazing to see that maliki had to go to iran to form an alliance with the person who is -- in the quiet and diplomacy of ahmadinejad, so he owes mr. ahmadinejad in having a cheetah that for him. instead of coming to washington, he went to ironic. what a difference. and my final note is on the other alliance we have, which has made us, let us say, last loved by the people in the region. let us just use one sentence that peace market used when he was the prime minister of prussia. he said then, he said what we and prussia have alliances, have any alliance has a rider and horse. and prussia will always be the writer but, unfortunately, the allies we have is what other ally in the region come we have always been the horse. a belgian doors, big. but moving in the direction of ever the writer wants us to go. [laughter] we want to have continued access to oil in the future we need a stable middle

back with the panel. steve? >> if you look at the comments we had from the leaders in ireland over the past several weeks denying that it would ever come, i think it gives you some sense of how desperate they have become. now we know there will be an election. if you look forward, the key question as you suggest is spain. what would happen if spain can't meet the obligation? >> bret: is it too big to fail? >> too big to fail or too big to save is the other question. where do they come up with resources to save spain? what implications would that have? talk about the contagion. this is fear. ireland is in the neighborhood of 100 billion euros. >> bret: more than that. >> spain is talking about, the estimate more than 500 billion euros. that is the money that could lead to ruin of the european economy and global implications than we could imagine. >> bret: a.b.? >> it is interesting the test of the european union. after greece, set aside an emergency fund hoping it would never be used and now it's checked in to fre

it's not a slam dunk that the panel will endorse it.hey have to get 14 of 18 votes to put anything in the panel's name. it's not the only game in town. next week the bipartisan policy center, will issue a report dealing with many of the same issues covering some of the same ground and some differences in the way the report will deal with it. >> how long is the processing to take. >> it could take many months. they will issue the final report if they get a consensus by december 1st. there will be many months of debate if congress choses to act on it at all. >> what are some of the complete nonstarters? there are some that say freezing military pay is a nonstarter. >> i think that is one of them. also some of the hot button issues like addressing the cost of military health care and how much military retirees pay for health care, congress said no. >> what will make it interesting, everybody knows we have to solve the problem. you can't do it unless all the pieces are on the table. you can't get a deal unless all the pieces are on the tabl

[applause] >> the next panel is the practitioners. ♪ >> good morning, and welcome to the second paneliscussion entitled "getting it done their cargoes with the u.s. managing editor of the financial times. joining me this morning is a terrific line of speakers. we have started on my left, you're right, john kao, chairman of the institute of large scale innovation. next to him is david neeleman, ceo of azul airline , a brazilian startup airline company. next to him is michael polsky, founder and ceo of invenergy, agreeing company, agreed that technology company. at the end this the director of global green's new orleans resource center and office, elizabeth escalon 2. we heard the view that was pretty depressing this morning. depending on whether you agree with or irrespective of whether you agree with prof. ferguson or professor stiglitz about what the government can be doing right now in terms of stimulating the economy and what that would do to a long-term fiscal health of america, the picture is not all encouraging. but i guess the key question we need to ask right now is that even

but in the best case, the oversight panel acknowledges concerns about mortgage documents may prove to be overblown. a view embraced by the financial industry. this afternoon executives from two major lenders j.p. morgan chase and bank of america appeared before the senate banking committee. bank of america is an underwriter of the newshour. the committee pressed them on today's report and their plans for managing foreclosures going forward. >> many belie that the robo- signing errors are the tip of a much larger iceberg that they are emblematic of much deeper problems at the mortgage servicing business, problems that have resulted in homeowners of course losing their homes and unjustifiable foreclosures and service practices may be putting homeowners at risk. >> lehrer: both bank had suspended foreclosures pending internal reviews. bank of america today said it's making changes. >> we were the only servicer who stopped foreclosure sales nationwide to review our procedures. we know the concerns are not just technical issues. we have confirmed that the basis for a foreclosure decisions

a lot of the different services are on different panels. one of the reasons we couldn't load the panel up more was time. we decided to step up and talk about the services. our police officers have a resource guide that when they go they hand out resource guides to families and the hopeless and the drug addiction. but also one of the things we believe in and what we are talking about here is we want prevention. when they are there playing football with the kid or fixing their bikes and see something going on in the family and the parent come out and talks to them about something everyone on the panel can give the resource information. you have to educate the community. there is not enough money and enough resources out there to be out reaching. as a community you need to know what's out there. regina? >> i also wanted to add that may be some of the individuals are not here but in developing your neighborhood connection, those people should be in your neighborhood connection and that's what's built up in the neighborhood community. that's in t

the panel is expected to come back with a decision in the weeks or months. large demonstrations are expected outside the courthouse this morning. >> it's 5:05. to baseball, the giants shut out the texas rangers in game four putting them within one win of their first title since moving to san francisco. aubrey huff hit a homer in the third inning. madison bumgarner pitched eight scoreless innings and buster posey added another one for good measure. his manager and teammates marveled at his cool under pressure. >> i can't say about what he did tonight. 21-year-old kid on that stage pitching like that, he had it all working. >> i don't think it will sink in until we win but i'm i'm just happy we got a win. >> the giants could wrap it up with tim lincecum on the mound going against the rangers lee. game five of the world series will be broadcast on a jumbotron at san francisco civic center plaza. it will be shown free of charge on several big screens near city hall similar to world cup soccer games. fox sports that controls the rights of the world series gave pe

the u.s. housing market. outlined in a new report from a congressional watchdog panel. let's go straight to the "cbs moneywatch" and ashley morrison here in new york. what does this new report say, ashley? >> good morning to you, betty. the report released today warns the mess involving those foreclosure documents could get much worse and potentially have severe consequences to banks and the economy as a whole. the congressional oversight panel says nearly $6.5 trillion in mortgages are involved. federal and state regulators are already investigating whether mortgage firms cut corners when they moved to repossess homes. the problem, the panel warns, is that banks discovered they still owned bad mortgages they assumed had been sold. losses could reach billions. judges could end up blocking all foreclosures, leaving prospective buyers in limbo. the panel's chairman senator ted kaufman said serious threats remain that has the potential to damage financial stability. turning now to asia where stock markets slipped lower this morning after south korea hiked its key interest r

we've just about reached the end of our panel session. thank you chairman, hersman. >> is a very informative. thank you for side, presentations, all of it was great. i did want to recognize ms. haas. if you could please stand in the back. ms. haas, was awarded honorable mention at the 20-ton los angeles international tone festival that we got to see a bunch and i'm sure you've all can understand that. she also was a founding member of one of my very favorite program so that the oral history project is called story quarter. so i can totally hear those too general and setting down to tell us the stories on a program like story course. thank you for sharing us that excellent video. ms. haas will be available if you don't like to talk to or during the break. so thanks so much to our panelists. and we will adjourn. we actually get a very generous break of 30 minutes so you can go get a cup of coffee and we'll come back at 3:00 for the last panel today. [inaudible conversations] [inaudible conversations] [inaudible conversations] >> welcome back

they have an idea of what the proposed panels will do and they will determine if it is within fcc limits. they go back out to the site and make sure that the measurements are the same and do not exceed the levels. this measurement is checked every couple of years. they did a cumulative checked in determined at all of the antennas did not exceed the fcc radiation levels. the determination that we issued at that time also determined that there was no significant environmental impact. there was no health impact, and the site is not on an earthquake-prone locations. that is what occurred several years ago. this spring, a new carrier came up to the planning department and they wanted to modify the conditional use that was granted a year ago. they only wanted to modify the number of a dish antennas, they did not want to modify the cap number. they wanted to allow more dish antennas because that is the technology that they utilize. the commission did grant a conditional use as well as the -- the planning department did categorically exempt this because based on that particular and data, they di

joining the panel this week, dan henninger, james freeman, and washington columnist kim strossel.

the reserve university. we have a very important panel, the recovery and integration of our combat veterans. licated panel, and even at the level of its construction. we have different audiences that this panel might speak to. there are many combat veterans here that no -- that no too well what the panel concerns. they're people coming into adulthood that might not know much at all about what the panel involves many conceptions and misconceptions about this topic. it is a complicated panel because we want to be able to speak to all of the audiences that really matter. it will help with the insights of the practical experts that understand the gravity of citizenship and the complexities that arise when we try to get on with business as usual in our society. and finally, in so far as the panel is becoming part of the public's fear -- a public sphere through media. we want to paint a picture of this issue that is not a simplistic or overly optimistic. it has what genuine hope there could be in it, and which is faithful to the complexity of the experiences surrounding healing. so i say that as a

back with the panel. >> hillary clinton talked about the pause button and they want to get back to the re-set button sometimes it wants to you reach for the mute button. >> bret: that was good. >> probably too hard. the real problem fundamentally they are trying to squeeze in too much. all of the sudden in the lame duck session the administration's top priority. i think that has to do in part what the president was saying overseas last week and what he hopes to be saying in lisbon this coming weekend, talking about the fact that start is going to be ratified, that he said it is going to be ratified. there are a lot of things that the senate has to do that congress has to do. there is not a lot of time to do them. chief among them is our tax cuts. there is also unemployment insurance. there are a series of things that need to get done. this is now a priority for the president. republicans are saying why wasn't this a priority earlier? >> bret: we have had analysts look at this and senator kyl, they believe, michael hand loan among others is not playing a partisan game here. he does have

let's see what the panel thinks. >> hi. y, and i have a company that makes items for bars and chefs. the name of the company is barchefs.com. as you can see here, we've got some of our cubes and displays and they operate with these cool remote controls so you can make them flash, glow, change colors, do pretty much anything you can think of. a lot of our items have been used in sushi bars, cocktail clubs, restaurants, weddings, all kind of parties, even in your house. we're seeking to get $500,000 so we can buy some of the large machinery we need to help further produce our equipment, buy our warehouse and increase sales, and we would love to have your help. >> andy, it's so funny. it's like the party elevator. thank you so much for your pitch. let's hear what the panel thinks about it. jen, how did he do with his pitch? >> i like that you told me so much about the product but i want to hear more about your business. specifically tell me some of the customers you have, tell me what your sales are like. you threw out a number

the panel hearing the case ignored rangel's request. >> reporter: new york congressman charles rangelstood by himself in front of a house panel and told the members he needed a lawyer. >> that's all i'm asking for is time to get counsel. >> reporter: rangel's attorneys withdrew from the case in september. the veteran democrat says he's already spent $2 million on his defense. he said he can't afford to spend any more on a new legal team. >> with all due respect, since i don't have counsel to advise me, i'm going to have to excuse myself. >> reporter: the panel met behind closed doors to debate putting the proceedings on hold, but decided to move forward. rangel is facing 13 counts of breaking congressional rules. the congressman has admitted to some violations, but he insists he didn't know he was crossing a line, and i argues his mistakes did -- and he argues his mistakes did not amount to corruption. the representative who has represented harlem's neighborhood for 40 years is accused of using his office on capitol hill of raising money to a new york college and not paying taxes on a