but the twenty two percent who approve of the scheme are the early entrants into this chain letter which is another word for a ponzi scheme or pyramid scheme or chain letter scheme the twenty two percent want the remaining people to come in to bail them out of course they are in there for it they're the ones who are the early end of the chain letter they want another huge swathe of people to come in to pay them off exactly or else they're non doms that don't have to pay taxes here there are a lot you know most of the population of london or not so they don't actually have to pay taxes here so they're not the ones who are on the hook for paying subsidizing this scheme well let me let me say this we reported back a few years ago when northern rock and bradford and bingley offered one hundred twenty percent mortgages to new borrowers that it was a ponzi scheme and that bradford and bingley and northern rock would go bust that's what we reported on our shows we said that for a fact that would happen with one hundred percent certainty and at the time people said you can't say that you can't s

sequestration cuts were greeted -- i don't deny the impact they had on the defense industry -- in the scheme of things, $85 billion which is really half of that and most of it over ten years, if we're to the point where that gets to be so arduous and onerous in a $3.8 trillion budget and $17 trillion debt we will never get serious about anything. my only issue with raising it and the markets apparently blase reaction to it, we shouldn't be afraid to cut. >> we will experience some pain, but if it is done well and right it doesn't have to be bad. >> neil: not the cuts were

but the fact is, originally the sequestration scheme was bipartisan. i mean, the whole congress agreed to it. if we can't get a budget by this time -- >> itit was. >> so we are having a constructive debate about cutting the budget in a way that we have to cut it. i applaud that. i think that's worth doing >> it's constructive debate. it's like a constructive diet resolution. unless you act on it, you're still fat. >> reacting on it in a small way. >> ben stein? >> i'm puzzled by what my heart throb, dagen, said about what connection any of this has with higher interest rates for consumers. i would love it if she would explain that. >> what the sequestration? my point is people don't like the way that these cuts went into place, ben. the government will be forced to really seriously and deeply cut if we don't deal with this debt sooner rather than later. that it will be -- that we could be hit with a sudden spike in interest rates that could force -- >> would we be hit by the cuts -- the dollar would be impacted. interest rates would be skyrocketing if w

bottles are usually a number 1, the main chemical in most of those is usually relatively safe in the scheme of things, but then different companies will put different additives to give that plastic the property they want and so a study that came out in 2010 found that some of those additives can act like estrogen, so with the heat or with the uv light in particular, but even at room temperature, some of those additives that are estrogenic can get into the water and cause for instance cells that are sensitive to estrogen to grow more quickly which many breast cancers are, so limiting use like in your car, get some stainless steel or aluminum water bottles, fill those with the water and you can leaf -- leave those in the car, you can have three or four so they're go and grab ready, plastics in the refrigerator, it's a personal decision, but sometimes i'll store stuff in plastic myself, but i kind of switched over to almost only glass just because it's easier to have one set of stuff ultimately. >> [inaudible]. >> obviously i'm not leaving it in there for months but i might leave a case in the

herbalife was on its way to going out of business it's a multi-level marketing scheme otherwise known as the ponzi scheme what is funny guy was shorting the stock aggressively twenty million shares or more of one hundred million shares outstanding in herbal life but then carl icahn comes around and starts to buy the stock not because he likes herbalife not because he likes the company but because another hedge fund manager or short and he can torture that other hedge fund manager by buying stock or going along in creating what's called a short squeeze so now the herbalife stock is trading near all time highs is it because the underlying company makes sense economically no it's a ponzi scheme is because it's well managed no what's a ponzi scheme do you have one hedge fund manager battling another hedge fund money both bill aikman and carl icahn are borrowing money from the wholesale market a new zero percent rates to do battle against each other narcissistically to fight over a ponzi scheme that sells herbal life products to people who themselves are narcissists who are buying stuff because t

none of us, we don't like the way this happened, but the fact happened originally, sequestration scheme was bipartisan. the whole congress agreed to it. if we can't get a budget by this time. it ended up we are having a constructive debate about cutting the budget in a way we have to cut it. i applaud that. i think that is worth doing. >> neil: the debate is sort of like a constructive resolution, unless you act on it. you are still fat -- not you. >> i'm puz 8d -- my heartthrob da given with the connection with higher interest rates. i would love if you would explain that. >> the sequestration, my point is people don't like the way the cuts went into place, ben. the government will be forced to really seriously and deeply cut if we don't deal with this debt sooner rather than later. we could be hit with a sudden spike in interest rates that could force -- >> the dollar would be impacted and interest rates would be skyrocketing. >> cost of debt fixed by the federal reserve. >> neil: what if all of a sudden switched and we had no resolve and no spending resolve and all of a sudden the gi

then both sides will assess where the scheme should become a model for the future. there are few things that most nations in the world can agree on, but one for sure is that children should be scared many of the terrible on goings would otherwise like to simply sum up as reality. and yet some 200 million children around the world are forced to work, often under slave-like conditions. in response many adults lead child labor should simply be banned -- believe child labor should simply be banned. many say that's unrealistic and what better working conditions instead. to that end, they've been organizing trade unions which cannot be found around the world. for instance in montpelier, india, and pakistan. on the african continent, there are 21 youth organizations which act at the local and regional level. in latin america, groups of organized and a number of countries including peru, ecuador, and bolivia. the children say that a complete ban on child labor is counterproductive. with no one else providing for them, what they need is a fair chance to provide for themselve

scheme. melissa: i guess he didn't exactly say, that they knew about the ponzi scheme. licate anyone else, any of his former employees, any of his family members, that other people knew about the ponzi scheme that we didn't know about before? >> he said his employees actually helped him choirry out the crime but were ignorant. his quote on that nobody in the firm knew that the money wasn't there he brought up issues of jpmorgan chase and i got to tell you, he says he is in contact with the inspector general's office over at the u.s. treasury department. that is actually true, they confirmed that with us. they told us late this afternoon, the inspector general's office did not initiate contact with mr. madoff. rather mr. madoff, initiated contacts through an intermediary who contacted the oig's office. mr. madoff says that the oig is investigating his accounts and the accounts of his client norman levy at jpmorgan chase. jpmorgan chase declined comment on this and the oig office would not give us details what communication has taken place between them and mr. madoff. meli

coming up, the scheme women are using to take advantage of kind hearted students. >>> at 3:00 hundreds of nurse is will walk off the you job. good samaritan and regional and the nurses are protesting unsafe staffing levels and unproposed cuts to their pensions, it is many to coincide with a final strike in the east bay. two technicians at sutter hospital have been protesting proposed cuts to their contracts. meanwhile, other california hospitals is now over and they are promising them to cancel dozens of surgeries. hospital officials say the real issue is to except a pension plan. >>> the director has released a long list of new safety regulations. among the list is lower the wind limit on the san francisco bay. it also requires better body armor for the salers and a minimum of two rescue boats per yacht. these recommendations come two weeks after the death of olympic met list andrew simpson. he died near treasure island. >>> time now 4:35, they are inviting them to watch the repair job and the state is to replace bad bolts from earlier this year. they got the latest safety test and it

look of ponzi scheme now in the dictionary you see a picture of george osborne so tell us aboutgeorge osborne's ponzi scheme and its help to buy scheme well it is a ponzi scheme it's one of the biggest ponzi schemes i've ever heard of and it's amazing the i.m.f. is against it mervyn king was against it i'm against it i don't know what your position is on it but the taxpayer this is speculative gambling by central bank intervention and governments with taxpayer money yet once again this is fannie and freddie mae. this is not only similar it's much worse because there are these are the two that want to us that it was a private market that caused all the price of again it's just one of it's seen that it wants to mimic it right except on a much larger scale so what they're doing is providing part of a down payment and they're back stopping any mortgage provider for eighty percent of the mortgages which is crazy with no set asides there but it is a recipe for disaster in a market that's already overpriced because the historic norm in any real estate market globally has been three tim

the chancellor's office. now he's out there spewing this pyramid scheme wielding nonsense thanks to. our i stated for the second half i'll be speaking to jim records. to build a new. mission to teach me. why you should. only. with. the consent. she. chooses to store. welcome back to the kaiser report i'm max kaiser time now to go to new york and speak with jam records author of currency wars for the first a two part interview jim rickards welcome to the guy's report. thank you max all right now jim records you were quoted in the new york post this week as saying quote we don't have to worry about a recession we are in a deep pressure to explain well we've been in a depression since two thousand and seven max and a lot of people. you know mainstream economists don't like to use the depression the word depression or what i call the d. word the reason economists don't like to talk about depression is because it's not mathematically defined a recession has a mathematical definition it's two consecutive quarters of declining g.d.p. with rising unemployment depression is a little more amorp

and at the time we were asked to consider an alternative design using concrete rather than the schemes potentially planned for previous to that, which was a steel frame structure that used hydraulic dampers to control seismic motion. >> so, i met with my team. we worked hard. we came up with a great idea. let's take out the heavy steel structure, let's put in an innovative vertical post tension concrete structure, great idea. we did that. a lot of other things. and we came up with a price of 140 million. so, we achieved that goal. and, so, when we first started looking at the building, it was going to cost a lot of money. because of the way it was being built, we could only get 12 floors. we wanted more space for our employees. we ended up going and saying, okay, if we do a concrete building instead, which was web core's idea, we can get 13 floors, not 12 floors. the concrete doesn't require much space between the floors as a steel building does. and it could be cheaper. yes, more space, less money, great idea. ♪ ♪ >> we know that right now there are things happening in power, with se

must it becomes difficult for once the scheme of ten percent to go moving from village to village asking that i need ten percent of the grain for myself but if it's food aid you can put the tonnes of the same into becomes easier for you to skim off from that the food if it's not about food aid it could be about import food importation so it becomes easier to make more money in putting food. at the expense of the cause of the starving people as opposed to having kids producing more food for themselves. however before nine hundred eighty kenya not only produced but also exported products. the government had goodies that caused guaranteed minimum returns g.m. are weak means that. if you. invest in one because. and they needed it's not enough to recover you a cost the government to top up so that you don't go at a loss because if you good if you go at a loss you will not. plan to the next and the country would stuff and that's why in the one thousand and sixty is the name hundred seventy s. and there was among the who was net food exporting countries. despite all this kenya was immersed in d

is that yes the central banks are buying back bonds that are selling and buying the same bonds it's a massive ponzi scheme and the federal reserve bank's balance sheet is increased by trillions of dollars the bank of england's balance sheet has increased by trillions of pounds but the e.c.b. the european central bank which is essentially the bundesbank which is essentially germany their balance sheet has not expanded the same rate as these other global banks they theirs will so they're really the buffer now the germans are the economic buffer that's absorbing all of this quantitative easing in a lot of ways and in the eurozone so numb. one it means that the euro is not going to dissolve or disintegrate number two it means that the bond bubble will continue up until the point of the e.c.b. finally throwing in the towel because that was the lender of last resort was the e.c.b. if they want to go over to an i.m.f. led special drawing right recapitalization of the global economy with a hundred trillion dollar debt debt facility as was mentioned a devil's a couple years ago yet that's possible but we first let

the government promises this kind of help. this is like ensuring, providing insurance to these chip funds or these ponzi schemes. he government will come and protect the people who have been cheated. that means these people can survive again. >> no solution in sight, the safe government and regulators are passing the buck, blaming each other for allowing the money spending schemes to flourish. up to zero, calcutta. inextraordinary pictures china. a newborn baby has been wrecking -- rescued from a sewer pipe. firefighters dismantled pipes in a public bathroom after neighbors said sounds of a baby 's cry in an apartment block. the child was jammed in so tightly that rescuers had to rush the section of pipe to a hospital before safely removing a newborn boy alive. police are treating the case as a potential homicide and are trying to find the parents. the world'sd itself greatest motorist event. the first was held 100 years ago, long before the chinese capital changed its thing to beijing. enthusiasts are on the road once again. margot ortega has more. >> not even the cloudy skies dampened the abuse he has him at th

them to bypass security, particularly to put the limits on how much you can withdraw. >> they could withdraw as much as they wanted. >> most of these schemes, you take out $200 on each card. here, they were able to take out thousands from each card. >> thank you for coming. i bet that is going to happen again. the punk rockers of the 1970's probably never thought their graphic t-shirts and studded jackets would the on display in one of the world's most famous art museums. at the studs and safety pins have gone mainstream, with a new exhibition at the metropolitan museum of art. couture coach her -- traces the impact on high- fashion. >> 50 years after the punk movement burst onto the fashion scene, studs are on display at the metropolitan museum of art in new york. chaos and rebellion were the themes of songs by bands like the sex pistols. the idea all about that anybody can do anything, about pricking rules. it is about evening the lane field, in terms of creativity. intonte took fashion their own hands, ripping t- shirts. original clothing from the punk along displayed here, with temporary coach her designs inspired by the stuff. the t-m

carl shapiro was as shocked as everyone else when madoff the best to a ponzi scheme. y picked. family chase is one of the people who got called. they are still fighting in court. it is about a billion-dollar recovery. then there is of course, norman leavy. he died in 2005. mr. madoff talks about the transfer of funds. essentially, it would be like check hiding. jpmorgan chase had to know what they were up to. they would have to be idiots not to know it. we reached out to jpmorgan chase. madoff has made these fraudulent claims and several and used in past. the issues and that case, that complaint followed by the trustee are the issues bernie madoff is now saying he is speaking out about because he says he wants to assist hst and recovering money for his victims. he knows people do not believe him. he also knows that people think he is a psychological liar. it is bizarre to spend two hours with him. [ laughter ] lauren: i cannot stop laughing. thank you, adam shapiro. dennis: some of those people love those returns. what talk startup fever. they are finding the top of th

in all of the charged fraud schemes, profit was the driving force. in one case, charged today, the defendant allegedly used his spoils to purchase a lamborghini, a if a rarry, other luxury vehicles, in addition to other properties in the miami area. we have made it part of our core mission at the justice department to hold accountable those who steal medicare dollars to line their own pockets. there are medicare fraudsters in prison across the country, some who will be there for decades. who can attest to our determination and our effectiveness. the criminal division intends to continue together with our partners at the u.s. attorneys' office, f.b.i., h.h.s., and our state and local counterparts to fight medicare fraud across the country in the same smart and efficient way we have been doing for the last several years. i would like to turn this over to one of our closest partners, assistant director of the f.b.i. >> thank you. good afternoon. as the attorney general and ecretarycy billous note -- see billous the strike force has seen success. our par

specialist related cancer and energy criteria and payment and also decided dependents of people, and the scheme will not be able to every person and taken the approach we have. >> mr. james gray. >> a great democrat and liberal conlan and in the fund on my desk this morning called lonely a real referendum in the e.u. will decide the country's future. will you stand by that. >> if there's a change in the rooms, and in the european union, there should and will be a referendum, and issues that we've in 2008, legislate to guarantee to the british people for the first time in prime legislation just two years ago and spent 1 under days at the time. and these constituencies for the capital social care costs and won't deliver it because we won't pass legislation to the national insurance contributions for employers and growth and jobs. >> my own constituents, i have tried recently. and they asked me to tell the prime minister the guard is going up and unfortunately he isn't but what assurance can the deputy prime minister get them that the first summit in northern ireland, and and of votes for every on

as john miller reports, the scheme involved thousands of atms. >> reporter: on the afternoon of februarymen waited at various locations near banks in midtown manhattan. they were waiting for messages from computer hackers, a list of stolen p.i.n. numbers. that was their signal to start withdrawing money from atms. loretta lynch is the united states attorney in brooklyn. >> they're told where to stand, they're told where to start, they're told you're going to hit as many atms as possible. once they get those p.i.n.s, they become a criminal flash mob. >> reporter: the secret service alleges the eight men were part of a global operation that's found a new way to steal cold hard cash in staggering amounts. prosecutors charge that jose reyes belonged to the new york cell. they say that reyes began his trek, sweeping south down new york's broadway hitting atm after atm. when it was over, reyes had stuffed $41,000 into his backpack. investigators say the new york team that reyes belonged to netted $2.4 million. cells in 26 countries struck that day for a worldwide take of $40 million. that brea

we are going to hear from a university involved with the scheme and to students who are benefiting from it. that is all to come. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, and union bank, and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments -- turn here. >> "bbc world news" was presented by kcet, los angeles. >>> hello, you're watching "newsline." i'm shery ahn. let's get started with a quick look at the headlines. u.s. president barack obama has defended the use of drone strikes against suspected terrorists. he says it's legal and necessary for self-defense. >>> media in

. >> the scheme was organized for months and planned down to the minute, reminiscent of the casino heist in "ocean's 11." >> reporter: after an eight-man team of 20 somethings who allegedly in one day worked their way around new york hitting 100 atms collecting $2 million in cash like trick-or-treaters. about halfway through the heist, they came here to this bank of america where in just three transactions, they allegedly stole almost $2500. authorities say the suspects flashed their loot in these photos. prosecutors say the men were guided by unknown cyber masterminds who hacked computers at middle eastern banks creating homemade debit cards which they distributed to other bands of small time crooks and hit atms in 26 countries. no customer accounts were compromised, but still we could feel the effects when an increase in security gets passed in fees. rebecca jarvis, abc news, new york. >>> boston bombing suspect tamerlan tsarnaev has finally been laid to rest. officials say an anonymous person stepped forward to help and tsarnaev has been buried in an unknown grave site. cemeteries in

. >> i have two questions, they're a little bit unrelated but the first one goes on the scheme of plastic, so plastic wrap, plastic bags, you know, it's great to say we should all use glass but we know what's used out there is plastic, and it's reusable, you can come up with all these ways to avoid it but there's plastic everywhere and it's accessible and cheap, so plastic wrap gets used a lot, there aren't that many alternatives that can do what plastic wrap does, i don't use a lot of it and it's harder to store things long-term and same question applies for the freezer, it's easier to put things in a freezer bag. >> so, a little tip for that is i do admit to using plastic bags, i reuse them and if something is not -- i don't use them for liquids and if something isn't somehow already kind of like a solid or whatever, parchment paper around that and then use the plastic just as the thing that keeps it from leak-proof or if i'm taking soup to work, i have my soup in a glass jar but i will throw it in plastic because i don't want it all over my backpack and there's also more stainless stee