in that same time frame, the s&p 500 lost nearly 3%. big board specialist jonathan corpina says equity investors are reacting to fear of the unknown. >> if we're going to see oil prices move higher, it's because there's uncertainty in the middle east. and, when there's uncertainty in the middle east that can reflect to uncertainty globally and any type of uncertainty, investors pull their money to the sidelines. >> reporter: in the summer of 2008, when crude prices surged to a record $150 a barrel the s&p 500 plummeted. from july through december, the index plunged nearly 30%. clearly much of the decline was due to the financial crisis, but oil prices also got some of the blame. the question today is whether stock investors will eventually shrug off the oil shock and see this time as a buying opportunity. or, will they continue to worry higher oil prices will unravel the fragile economic recovery. investment strategist stephen freedman says the scenario where oil prices derail the stock market is a real threat. >> we believe that from cu

temperatures right now in the 40's and the 50's. oastal low cloud patchy dense fog sunny and spring like tomorrow and rain developed for your sat evening. so tonight we watch the fog along the coast and it will form possibly in the valley of the north bay. the fog will then pull back away from the coast line allowing us to enjoy another nice looking day. today temperatures range from the 50's at the beaches to the 60's around the bay and inland and we are expecting similar readings if not even slightly warmer in some areas tomorrow. overnight tonight look for cooler temperatures. we look at mid 30's in santa rosa to the upper 40's in places like san francisco and everyone else pretty much in between. here's satellite radar here's the the area of high pressure that provided us with a nice spring like day. tomorrow count on more of the same. mainly sunny mild but by saturday evening changes are coming. don't worry. this is not going to be a big soaker. this storm system much like the rest, the last one will bring us some moisture. fron

i wrote that in the 80's. however, i was not satisfied with it because a friend of mine said, well, a 40-year-old always beating up on a 20-year-old in the story. i put the book away for 15 years. then in 2003 the united states started another war. i thought, well, and this time, though, the movie came out called the weather underground. i happened to be featured in the movie under not -- oddly enough. some strange coincidence that these things would happen together. it was the first time i gave an interview, 1999. and i found that young people really wanted to know the story. they wanted to know what it was all about. the wanted to know my story. i was going around to dozens of college campuses with this movie answering questions. so i sat down to write the story this time and took the old manuscript out of the closet, literally out of a back shelf on the closet and started reporting it. and so my goal was told young people what happened then and, perhaps, some lessons that they could learn, that might be usef

liberalism in the 1970's did hold sway. it held the moral high ground, if you will, and a lot of conservatives were written off. this idea of political correctness that we talked about in the 1980's and 1990's, a term that wasn't invented in the 1970's, in my book, i wrote of ho political orthodoxy held sways. you had conservative views, you could be dismissed, ignored, laughed at. david actually started as a democrat. but because of the liberal orthodoxy on the -- that he and like-minded colleagues felt at yale, they moved into the direction of what was known as the party of the right in the yale political union, which was willing to debate really fundamental issues. was willing to risk fundamental debates, willing to risk being called anti-democratic or racist if they challenged affirmative action ideas, for example. david took that and he went to that great school, university of chicago lawchool, where great minds do challenge conventional wisdom, particularly in the 1970's. ' free market oriented school. -- very free mar

the dow fell 80 points, the nasdaq lost 39, and the s&p 500 off 11. as for trading volume, 1 billion shares here at the big board. at the nasdaq, volume climbed firmly above 2 billion. a top federal reserve official said today he may vote to stop the central bank's $600 billion bond buying program if he thinks it's threatening the u.s. economy. dallas federal reserve president richard fisher, a longtime critic of the program, said he's doubtful the purchases are doing much good. meanwhile, the fed says consumer borrowing increased in january. it was the fourth straight month of gains led by loans for automobiles and education. but consumers weren't using plastic. credit card debt fell by 6%. and the world's largest maker of luxury goods has a new crown jewel. french fashion firm l.v.m.h. will buy italian jeweler bulgari for $5 billion. still ahead, the economic impact of the n.f.l. "beyond the scoreboard" looks at how america's cities could be financially tackled if pro football is cancelled for the fall. >> susie: still no vote tonight on wisconsin's

the temperatures today currently in the '40's, in the napa valley we are holding on to the upper 30'swe have a slight richmond and will contribute to warm up. we will progressively, more this week until we hit 80 in some of the warmer spots by thursday for today for morning clouds mostly sunny into the afternoon. down in to san jose, concord we are warming up in to the mid-60s. certainly a nice warm up there, as we head into tomorrow, we will see partly sunny conditions a slight chance of north bay sprinkles but it will stay to the north of our area we should stay dry. continuing with that warming trend, we warm up more than that midweek. your afternoon highs for today shows the warmer spots will be in the mid-60's, 61 richmond, temperatures around the coast 57 degrees, here is the 7 day around bay, the trend wednesday aheacertaina good half a >> george: light traffic get the bay bridge. not only light here but around the bay area we have not truck in the hot spots. 580 was thick through the altamont pass has cleared up. they may have activated the metering lights because we are start

we call the richmond district the new chinatown in the 1980's at that time. just being around the tremendous unique neighborhood, and discovering san francisco in the 1980's as i grew up, but i also have been very active as a community organizer. i worked in chinatown, and some first jobs also at the mental health center in the richmond area multi services in the 1980's, and i was also a staff are at the chinatown youth center -- i was also a staffer. a lot of my work has been supporting community empowerment, especially in an immigrant and people of color communities. most recently, i have been teaching at san francisco state. i ran the immigrant rights coalition in the city in the 1990's for several years. i'm also an immigration attorney, and a lot of my passion is supporting in power met for immigrant communities in the city as well. >> why did you choose to live in san francisco? supervisor mar: a lot of people bring this up, but is one of the most exciting, culturally diverse places in the world. learning about new cultures and people from different part

the s.e.c.'s annual budget is determined by congress, which is continually -- which has continually shortchanged the s.e.c. the s.e.c.'s budget has been in the crosshairs for years and their funding has been so inadequate that they have been compromised in their ability to pursue their core mission. third, the budget proposal in the house would continue the shortchanging of the s.e.c., cutting $40 million from its existing budget at a time when it needs resources more than ever. and finally, a word about the current demands on the s.e.c. we gave that agency significant new responsibilities under the dodd-frank act in particular to oversee the previously unregulated derivative markets. that's an enormous undertaking that everybody agrees is necessary after seeing the role that unregulated derivatives play in the financial crisis. in closing, i would strongly suggest to my colleagues that if self-funding makes sense for the p.t.o., it makes sense for the s.e.c. i'm not going to call up my amendment

we used to talk about this big stock market index called the s and p 500. some of you may have been exposed to it, maybe through your 401k's or your ira's. well if you would have started the decade investing in this s and p 500, you take out inflation, which is another life mile stone by the way. inflation's here, it's gonna be here for your life, we hadn't had it here for a long time but we have a global economy, we have people on wall street that don't have our best interest at heart, and we have these excesses that are built up. and we're going to need more and more commodities and more and more stuff and more and more services, and we have more people. in fact do you know that the new babies that are being born right now are equaling that of the height of the baby boomers. i mean we're having a lot of babies. that's going to create shortages. these long cycles are very track measurable and manageable, if you have a system. but i don't like this; i don't like you going from the beginning of the decade to almost the end of 2008 losing money. that's the pro

highs temperatures getting into the 70's even warmer by the end of this week, thursday, for and, perhapspper 70's, low 80s at our warmest inland locations. the futurecast is showing that it is cloudy pushing south by tomorrow morning. 6:00 a.m.-7:00 a.m. increasing clouds around the bay area. watch this rainfall through the north coast perhaps dispersing with significant amounts. just a few sprinkles as far reaches of the north bay. tomorrow's vote temperatures will be in the 40's and cool with 39 in napa, 40's the bay. the high will be warmer, with mostly cloudy skies. looking to top out in the mid '60s and upper mid '60s and even the 70's for antioch, san jose. and another great day on wednesday, thursday, with temperatures continuing to climb. it is going to be breezy. the wind will be whipping up with storm a weather, by friday, the home opener temperatures will be in the upper 70's, we will be back. the internet on a plane! are you from the future? um, no. cleveland. listen cleveland, your savings account is stuck in the past! earn more with interestplus savings at capitalone.com. t

in the early 1960's, they became the first roles monument. the way city spread changed with the invention of the cable car. >> people know in san francisco, first thing they think about is, let's go >> welcome. we are here doing our building san francisco tour. we're going to have a very interesting tour of elevators in sanford cisco. we have all gotten into an elevator, the doors have closed, and it has carried us to our destination. have you ever wondered how elevators were -- work? we check out the need outside the elevator using current technology and we learn about the latest destination elevated technology all here in san francisco. we will also visit the machinery where all the behind- the-scenes gears control these incredible machines. we are very fortunate today to have an expert with those who is going to walk us are around elevators in san francisco. can you tell us about the history of elevators in san francisco? the measure -- >> sure. the history of elevator technology evolves with the city. first elevators were installed for mo

it was the 1930's. it was all about machinery and sort of this amazing architecture, very powerful architecture. he convinced the rec park commission that building a tower in her memory would be the thing to do with her money. >> it was going to be a wonderful observation place because it was one of the highest hills in the city anywhere and that that was the whole reason why it was built that high and had the elevator access immediately from the beginning as part of its features. >> my fear's studio was just down the street steps. we were in a very small apartment and that was our backyard. when they were preparing the site for the coit tower, there was always a lot of harping and griping about how awful progress was and why they would choose this beautiful pristine area to do them in was a big question. as soon as the coit tower was getting finished and someone put in the idea that it should be used for art, then, all of a sudden, he was excited about the coit tower. it became almost like a daily desti

first elevators were installed for moving materials in the 1860's. in the 1870's, the first passenger elevator was installed, and that allowed building heights to go up to about seven floors. starting in the 18 eighties, 1890's, the first electric elevators were installed. that allowed for buildings to go up even higher, even more than 10 floors, and those were the first elevators that became representative of what we consider modern elevators today. >> so the height of buildings is related to elevator technology. >> both of these technologies encourage architects to build taller buildings. engineering and materials science provided a higher quality of steel to build with, and having passenger elevators meant it was the necessary anymore to climb a long flight of stairs to get to the top of the building. the elevator made the upper floors of the building more attractive than they were before. >> here we were at the historic st. francis hotel, which was actually a representation of the evolution of elevators. can you tell us more about san francisco hi

so the reference to the "f" word, the "s" word, and the "n" word, not imposed by us. no stretch on free expression. they're just being classy, so we appreciate that. well, you know, we've got parents. we know how to talk around mom and dad, you know-- how to talk when grandma's in the house. south park got an early reaction, but, you know, looking back at the clips and the reviews, sometimes it took magazines six months to catch on and to write about it without rage. yeah. that didn't happen with that's my bush. it was sort of attacked before it was ever on the air. and--and you were on the hot seat. (stone) yeah, he was on the hot seat. hot, hot; it was fun, actually. (ken) what was the idea behind that show initially? it was a sitcom, uh, just basically-- it was more kind of a send-up of sitcoms. but the idea was, it's starring george bush and laura bush and, originally, the bush twins in the white house. 'cause it's your family sitcom. it's your family sitcom. somewhere along the line, we--one of our writers on this show wrote sides, wrote a little scene. we were c

the s&p dropped 24 points. the nasdaq fell 50.aking a look at overseas trading this morning, in tokyo, the nikkei was down 131 points while in hong kong the hang seng tumbled 416. >>> whether the effects of japan's nuclear crisis reach american shores, the financial effects have already struck wall street. by wednesday's closing bell, the year's impressive gains on the s&p 500 and the nasdaq had been entirely wiped out. the year's most heavily traded session left the dow close to even for 2011. all 30 dow stocks fell and all ten company groupings on the s&p 500, the basis for most u.s. mutual funds lost ground. wall street's so-called fear index is up over 46% this week. fears drove investors to safer assets like bonds treasury prices jumped and the yield on the 10-year note briefly fell to the lowest level this year. and the bad news wasn't limited to japan. in february, new home starts posted their biggest drop in 27 years and permits for future building reached a record low. a day after reassurance from the fed that it expected

and the s&p 500 rallied 2.7%. the lowest of the three, but still, it was the best week for the s&p 500 since early february. the leading sector this week and today was energy. the energy select e.t.f. added almost 1% today. oil prices remain over $105 per barrel and natural gas rallied. nat gas hit a six-week high. as prices have heated up, energy stocks have too with this e.t.f. just below its 52-week high. leading the sector was a lesser known independent energy explorer, newfield. shares jumped 4% up to the top of its recent range in the mid- 70s. two analysts upgraded their view of the stock. newfield recently announced plans to buy oil and gas fields in utah. it was a choppy week for telecom stocks with the news of a.t&t.'s buyout plans of t-mobile. competitor sprint had been seen as a loser. share tumbled over 7% this week. while shares rallied more than while we're talking about telecom, after the close tonight, the international trade commission said it will review a patent case involving eastman kodak, fig

in the 1970's and 1980's, it tripled. in california, and build no new prisons between the 1960's and 1970's, the height of political action. between the 1970's and 1980's, they build more prisons in california alone and in the past 100 years. one thing that has happened is the warehousing of black folks in these facilities. if you think about what slavery is, the parallels, it is not just a metaphor when you talk about modern-day slavery. slavery denied black folks the ability to be mobile. you were trapped on one location, in a plantation. it broke up our families. it subjected us to daly wants and violence. anything can happen to you -- an example to you for somebody else. it exploded us for our free labor. all of those things happen in prison today. the u.s. has 5% of the world's population and over 25% of the world's prison population. that is a big part of the equation. i am not waiting for superman, but somebody might be. if you look at the conditions of our schools, our schools have not been restructured, have been

by the afternoon uppers that 60s and low 70's. now, of vallejo and the '70s, in east bay upper 60s getting up to about 68 in san jose, 74 in los gatos and more than help. along the coast temperatures in the low 60s. satellite shows cloud cover the northern states, san rosa could see mostly cloudy elsewhere partly cloudy. right now temperatures are in the '40's and 50's, we do have a shot of rain in store for tomorrow. not a big storm by starting off with sprinkles through the north bay in the morning hours. we could see sprinkles around the peninsula ride around in time, then through the afternoon continuing with some spotty showers. 7 day around the bay by the end of the week we will dry and bringing back the next chance of rain by the end of the weekend. six 05 a.m. let's check in with george. >> george: starting off with the bridge check, the right to the bay bridge looks good as you can see here light traffic no metering lights for the commute. on the approaches 580, all look good headed towards the bay bridge. san mateo bridge

overnight, the law was going to get to the 30's in the 40's. santa rosa will be the cooler spot. overnight, the lower spots. your kron 4 7 day around the bay to break of what weather tomorrow. and again in late saturday near a sunday. we will be right back for the kron 4 evening news purify (music) [ wheezing breaths ] [ woman ] the first time i smoked, i was 13. i was in a hurry to grow up and wanted to look cool. big tobacco knew it, and they preyed on me. i'm here to tell you that big tobacco hasn't changed. they continue to profit... by selling kids the same lies... to get them to use... the same deadly products. don't be big tobacco's next victim. it's not too well done? nope. but it is a job well done. what are you reading, sweetie? her diary. when you're done, i'd love some feedback. sure. your mom and i read that thing cover-to-cover. loved it. thanks. would you mind if i cut the lawn this weekend? only if you let me talk to your mother on the phone for hours on end. done. [ male announcer ] u-verse brings peace to the family. at&t u-verse lets you record four shows at on

temperatures in the 50's, 60's, need the umbrella. mid 40's in clear lake. around the monterey bay temperatures in the low 60's and it is a day where you need the rain gear. hang on to the rain gear. for the next 7 day days. thunderstorms friday night into saturday. showers for your saturday. spring begins 4:21 sunday afternoon. sure won't look like spring. stormy and cooler. wet pattern for most of the work week next week and looking at the extended model? week from this weekend? looking stormy. >> really? >> it's a long stretch. >> thanks. >> still to come tonight. >> knock knock knock knock. >> these jokes aren't just for fun. >> next. bay area kids who fun. >> next. bay area kids who turning good deeds >> u.s. service members in afghanistan and iraq will soon 7 the gift of laughter from some livermore school children. >> knock knock. whose there. gi. gi wish you were hear. >> isn't that clever. students at the school are writing knock knock jokes. included in care packages sent by blue star mom to soldiers and marines serving over seas. >> i think giving

walgreen was the biggest loser of the s&p 500. this is the past 90 sessions, showing we're at the lowest price of the year. earnings came in as expected. it even increased its prescription market share. still, goldman sachs calls the quarter a "setback." also turning in results was cruise ship operator carnival-- again, no surprise. but its current year outlook was less than anticipated. and that disappointment hurt. shares dropped 4.5%, the second worst in the s&p 500. this is the past 180 sessions. as oil prices have rallied, shares have fallen almost 20%. competitor royal caribbean slipped in tandem with carnival, off almost 4% as volume doubled. helping limit some of the market losses-- medical device maker st. jude. shares jumped 6% to a new 52- week high. j.p. morgan calls a new heart defibrillator cable the most important new device in almost ten years. the analyst thinks st. jude will gain market share from competitors. those competitors include boston scientific, which fell 4%. and medtronic was off 1%. after getting slamm

we are currently in the 40's and '50's. bringing the highs up into the low 60s we will stay that way for the next couple of days. chance of showers tomorrow morning, by wednesday proper 60s, that be the warmest day of the workweek. we will have on and off showers through the work week, and towards the weekend we could see a chance of rain. keep in mind sunday is bring forward. >> george: the bay bridge, there had been a stall in the early morning hours before the activated the metering lights. it was reported westbound rate at your balbuena island.right ad have slow hand here tying up the westbound ride. a bridge or other chp wind advisory for the west bound ride. if this backs up pretty quickly, this may become a hot spot. otherwise we have not been tracking any. here at the san mateo bridge, a wind advisory is in fact issued in the early morning and our spirit is still active. the camera still shaking. the ride on 1 013 marin county, slowed in the early morning hours when there was an accident at lucky drive. that has bee