the year. >>> penultimate. anyway from austerity measures and anger on the streets to bond yields going from bad to worse, it's been a rough year for the eurozone and there could be more of the same to come. >>> traders have had a turbulent time of it, too, as major stock markets slumped. we'll take alike at the best and worst performance. >>> and it's been a quiet christmas for occupy london protesters, but eviction from their central london camp looms in the new year. >>> and as the year draws to a close, we have seen a modest rally here in asia following those gains on the u.s. overnight and ahead of a higher open in europe, charles. things at least in the final trading day are looking a little better. >> yes, i think we are seeing a certain amount of buying going on here. it doesn't take much to boost these indices. clearly the trade does continue to be thin. now we have seen a continuation of the gains we saw on thursday from the bond auction in italy, and also boosted by positive u.s. empl

it began the year. of course, we have seen plenty of ups and downs. today's session was entirely down. stock prices slipped from the opening bell, ending lower by 1.25%. an earlier graphic was mistaken in the direction. that drop puts the year-to-date performance of the index down for the year, and almost right in the middle of the range it has been in this year, from its april high to its october low. today's losers were led by materials and energy stocks, each down about 2%. more on oil in a moment. with european worries back in focus, the financial stock sector slid more than 1.25%. inside the material sector, it was a mix of steel industry players and agriculture stocks weighing on the sector. iron ore producer cliffs natural fell more than 4.25%. fertilizer maker mosaic dropped almost 4% and u.s. steel was down more than 3%. oil prices fell for the first time in more than a week. there was concern about europe pushing the u.s. dollar higher hurting commodity prices while new tensions heated up in th

million the year after. we issued are five-year financial plan, it went down to 458. it just shows that we are seeing this ongoing revenue improvement but it is also because we have implemented on going measures in the current budget, particularly with the passage of prop. see, ongoing savings which have brought those projections down. things are looking up, but that is still a significant deficit to overcome. to move on to the final piece, what we have instructed the department to submit -- supervisor chu: what i would like is for us to cut over to the puc rates. and we have a context where the budget projections are, maybe we can have a conversation around the rates, given the time constraints of the general manager, and then come back with instructions. >> good morning, supervisors. thank you for letting us speak about the water -- our rates for the public utilities commission. it is great it is in the context of the entire city works as well. if we could turn the overhead on and shrink it. the supervisors

sliding in to the new year's holiday. and the long holiday weekend. the dow industrials average spent almost the entire session in the red. the index continued dropping into the closing bell. ending the session down a little more than one half of 1 percent. but as we reported at the beginning of the program, blue chips were the stocks of interest for investors. the dow gained 5.5% this year, outpacing the other major stock averages. and leading the area for the dow, mcdonald's, shares shooting up more than 30% this year as its north american business continued to strengthen even as the company raised some menu prices making up for higher commodity prices. on the bottom the worst dow stock bank of america losing more than half its value as b of a continues battling the weak housing market. worries about its financial stability and questions about its corporate leadership. earlier this month bank of america shares dipped below $5 per share, tonight they are just above 5.5 dollars per share. >> the stocks had plenty of ups an

stocks on the second-to-last trading day of the year. investors bought up stocks on fresh economic reports showing an improvement in the housing and job markets. an unexpected jump in pending home sales encouraged investors. the national association of realtors index of pending sales was up 7.3%. that index tracks signed contracts, not completed transactions. but still, that's a 19-month high. in the job market, new claims for jobless benefits rose slightly in the past week, but it was the fourth week in a row that the numbers remained below 400,000, a sign that the labor market is improving. now, all that played very well on wall street. the dow rose 135 points, the nasdaq added 23, and the s&p 500 was up 13 points. also moving in a big way today, but in the opposite direction: gold prices, down $23 to $1541. trader anthony neglia explains why gold fell to a five-month low. >> the market right now is fundamentally weak. it's pretty much been broken since we broke through that 200-day moving average of 16, 17 last week. so you know, right

about two thousand and twelve is going to be the decisive year for the euro. we have to be breaking decisions. which means that we could even take into consideration whether or not to split up the u.s. all the euro will not survive anyway. rescue practices as we have see this form one of the have used by no will not be able to continue because it is only curing the syndromes treating the symptoms without trying to put an end to the fundamental mismatch within the eurozone but there is a lack of competitiveness for some countries so that we have a sub optimal currency area this is the fundamental problem either we are going to solve it all the asking to be. even a unilateral split up of the eurozone. leaders or course during the very level best they say to try and solve the set to meet again at the end of january to discuss the new interim government treaty to ensure those tough budget controls are not deeper fiscal union everyone's been talking about will it be enough though is a big question of course. it is not enough and it is to italy unsuitable to bring a

-old african-american man shot in the leg and other 16 year-old at comerica immelt also sent to the hospital sent a shot in the leg advocate christ hospital 58 year-old african- american male with multiple gunshot wounds at 17 year-old african-american male shot several times in the leg all of them critical injuries at this hour. on the surface appears to be gang-related situation not official from anyone from police back at headquarters some people hit innocent bystander to where they pulling a trigger and with after tonight questions yet to be answered also outbid all shook out witnesses out here tonight not saying anything >> thank you for the live report continuing to follow that a horrible crime in fort wayne india at 39 year-old michael plumadore accused of killing 9 year old aliahna lemmon. babysitter police say beat to aliahna lemmon debt with a caught up body into small pieces officers popped body parts throughout trailer michael plumadore has confessed to the crime. >> not the conclusion we hope for kept the the hope she was alive people need to hug their

the end-of-the-year crime stats inside police headquarters and here are some of the numbers. according to officials, homicides were down 18% this year from 132 in 2010, to 108 this year the lowest since 1963. chief lanier said that 59% of this year's murder cases have been closed. the number of sex abuse cases, how far, has risen this year. some 15%. mostly officials say on the east side of the anacostia river. chief lanier said she's concerned about that but overall, pleased with the way the numbers are going. >> about i started here in 1990, the two things thattoused to really bother me is that we were --na used to bother me that was we were known as the murder capital of the world and the city of unsolved homicides. our police detectives and officers have done an amazing job turning that around. we're no longer one of these things. >> and yet this is a city still with the fair share of violence and heartache. coming up on the news edge at 6, you will hear-from-how one murder in this city this year can tear highways a part. >> see you -- tear lives a part. >>> if arlington c

promise to reduce overall general fund fte's 51% in each year and 5% over the let -- next five years, and we will be discussing those results with departments. i think i will stop there. i think that is enough said. supervisor chu: so the general instructions have been 5% on general fund expenses to departments at the moment, as well as the two-year budgeting criteria that any budget proposals are actually contemplating with the second year impact will be a double- >> right. supervisor chu: and the most important part is the potential reduction in workforce? >> i would not say that is the most important. it is a 5% the first year and a 5% next year. 5% on going, and then another 5% on top of that. i do not know i would say it is more important, but part of his thinking is that as we go forward, we should see a reduction in our work force by 5% over the next five years. we will be working with departments as they submit proposals to make sure they're also looking at positions. primarily vacant positions. the mayor would prefer to see this achieved through attrition and not back-fillin

still, the stock is down 10% from a year ago. delta shares was another high flyer in the transportation business. despite fears of a looming recession in europe, delta said it will be "solidly profitable" next year. management expects capacity cuts will offset higher fuels costs. additionally, the company is banking on growth coming from latin america, particularly brazil. shares gained about 5.5% today on twice their usual volume, but they've lost a third of their value compared to a year ago. some merger activity in technology, this time in semiconductor equipment. lam research will buy novellus systems for just over $3 billion in an all stock deal. based upon last night's close, novellus shareholders could get $44 per share. the stock closed well shy of that figure today, even with the 16% rally. lam research, the buyer, dropped 8%. analysts generally like the deal, calling the company's two areas of focus complimentary. the financial sector was unchanged today, but late today, two separate credit ratings agencies raised worrie

the city. even more than when i was here two and a half years ago. very vibrant kind of this is under the surface you feel. really positive energy. where anything can happen the possibility is there we went to the museum that houses the faberge eggs in the coronation dresses and. and perhaps the most exciting part of yesterday in some ways was going and standing outside the bolshoi theater it's been a dream of mine it's been great the people have been really welcoming and i've enjoyed my brief time here so far and i hope i get to see some of the city this time but i'll definitely come back they're going to come in the summer and i'm going to figure my dates out here but it's you know it was very it was colder last time. so many tourists come here to get the christmas eve it's beautiful there's a beautiful city going you know seeing the christmas trees exclusive interviews that moving on and working capital is a totally different place during the summer months terraces dominate the restaurant scene and people can enjoy a whole range of sun filled activ

it was mandated by last year's health care overhaul. but the treasury department says it will likely be another year before the funds are actually collected. this is the time of year that people make new year's resolutions. tonight's commentator says he's not among those wishing for a new spirit of bipartisanship in washington. he's todd buchholz, author of "rush: why you need and love the rat race." >> remember that book, "all i really need to know i learned in kindergarten"? shouldn't democrats and republicans learn to get along? stop the bickering? let moderates take charge? wouldn't it be nice? no. sometimes, a country must take a hard turn, follow a strong leader in a clear direction, not toward some muddled middle. the u.s. is careening towards bankruptcy precisely because politicians grew too comfortable and avoided hard decisions. ask republicans to name their favorite president, and they'll answer ronald reagan. sure, he had charm, but reagan also had controversial convictions. but after the mushy failures of jimmy carter, americans we

the economy. for obama it was a mixed year. big deal with republicans. they would show the president is able to reach across the aisle and make washington work as he promised in the campaign. the republicans were not having it. as you can see in gallup's graph of obama's approval ratings, obama lost ground. the lame duck session obama was at about 50% in the polls. now he is near 40%. more americans disapprove of his leadership than approve. the upside of not coming to a deal with republicans is that the white house did not end up making a bad deal. they begin 2012 with a vantage few saw coming. this graph shows the evolution of the deficit over the last year. the tax increases in each deal. the red is the spending cuts. as you can see, nearly every single deal, the red line is higher than the blue deal. from the fiscal commission to every republican proposal. spending cuts are always in the lead except for that last one. there is a lot more blue than red. the last one, that is the scenario we are in right now. that is the reali

do you see that changing over the next year? >> i don't see the pressure on the developed markets changing. i think that we're in for a long slog ahead of us and it could be that government bonds will no longer be a aaa asset class. >> tom: certainly that's the case neither u.s. and possibly in europe. john, we appreciate the analysis. john chambers tonight, with the major indices were higher more analysis? bob doll, chief equity strategist at black rock. hi, bob, nice to have you with us. >> good evening, susie. >> susie: all right so, what is your take on this s&p announcement? >> look, i think they're doing what they have to do. there are stresses and strainings and the situation continues to worsen. and as a result they can't stand by and watch so they put these things on codity watch, i think should be no surprise. the monkey son ot european's back at the moment, to get an austerity program in place, that has some teeth and they find a way to grow. that's a tall order o susie. >> susie: do you think that this action by s&p w

>>reporter: the morning everyone will begin this last day of the year with a developing story in the east bay 5 year-old boy has been shot and killed. it happened before 9:00 p.m. last night. the young boy was standing in front of it taco he later died at the hospital. so far police have no suspects in the shooting and craig is reporting live from oakland this morning from the scene of the shooting were that investigation continues. >>reporter: good morning all you can see is a police officer and two of them in a unit here in this line at 55th and international securing the scene. this is where the talk will truck was in sad the this is where the shooting was. we will show you images from last night. this happened at international boulevard. the family got to children's hospital about an hour after the child had been taken there. they are looking for suspects, they're looking for information, anything that they can get from the community. >> we are actively looking for an african-american male in his 30's as the suspect. the only information we have it this time is that he has a gold

do stay with us for the red square coverage on rule research in the new year has already arrived in the pacific parts of asia and russia's far eastern is making its gradual sweep across the globe as we do prepare to ring in two thousand and twelve we are looking back at the key events that shaped two thousand and eleven it's already been dubbed the year of protests and all season he has been covering some of the. two thousand and eleven could easily go down as the most vengeful year in years the killing of bin laden after a decade long manhunt libya's gadhafi after months of nato bombing and the death of north korea's kim jong il don't even begin to illustrate twenty eleven. times shows the protester as person of the year and although there were different slogans signs and demands of solutions twenty eleven will ultimately be remembered as the year people came out onto the streets the arab spring bloomed into a european summer which harvested an american autumn from cairo to california moscow to madrid to her ear to occupy global rallies shared common themes but one thing stood o

the morning. >> dana: when do you take them down? >> andrea: good question. december 31 every year. >> eric: thank you for watching. see you tomorrow night. the thoughtful commentary in red, satin shorty robes. let's go to andy levy for our pre game report. what's coming up on tonight's show, old sport? >> keep the thousand and your mouth shut, america. coming up, "time" magazine names its person of the year. who am i kidding? you already heard. and ron paul goes turkey neck to turkey neck and the world waits for the gop debate. we will have full team coverage next. finally are dorky guys more attractive than babe guys? >> thank you, andy. >> i want to talk to you tonight. >> have i to bring it here? >> just move on with your show. i don't normally have a conversation and not in the mood. >> we could have just not had a conversation then. >> it would have been awkward. >> this is the passive aggressive crap you don't want to talk about and then bring it up on the show. >> i am saying i don't want to bring it up on the show. >> we are going to have it out right now. >> start your st

with just hours to go before the new year. hits the streets of new york to get some two thousand and eleven and two thousand and twelve. plus you can also get a firsthand account of the year's major events from the r.t. correspondent who covered as they happened testimonies waiting for you on our website. this is. history in the making. testimony. ten stories that shaped two thousand and eleven. a quarter past the hour in moscow let's turn our attention to syria now where the two largest opposition groups have agreed to unite against president bashar assad continues across the country tens of thousands of people have held rallies against the regime and security forces are reportedly in reaction opened fire on the people government supporters of taking to the streets in several cities as well including the capital damascus arab league observers are currently monitoring the situation in five provinces gripped by under arrest they would be aware of reports that dozens have been killed since friday alone adding to the figure of fiv

we hope we can skip the year -- prize for the year's biggest cad. there's an old-word name, cad. but the nominees for 2011 are, how could we recyst? dominique strauss kaun. the married man who had sex with a hote medical maid. arnold schwarzenegger who had sex with a housekeeper. and anthony winer, sending out those embarrassing cell phone pictures. herman cain with all the allegations about harassment, tommed op with the 13-year a -- affair. katty kay? >> i'm very glarksd kathleen, that there are no men up there. -- no women up there. >> it's men. >> it's -- it's got to be dominique strauss kaun for me. the alleges of what happened in the hotel room and everything that happened subsequently. future president of france, blew it all not just on one incident but the allegations that came out. >> it showed how he lived. >> i'm surprised the censure -- consequences of his actions had much broader reach but anthony winer to me was the biggest embarrassment, to himself, to any adult human being. >> my issue is with arnold. it's because it was the housekeep

now russia the world's biggest country celebrates a new year nine times thanks to its nine time zones eight hours ago the country's far east crossed into two thousand and twelve where people in blood of all stuck and sucked eileen go down raised a glass or two at the same time as australia after that two thousand and twelve made its way through russia siberia and the cities of cheap. and the countries of papa new guinea and you belong next with a champagne toast with the residents of the russian city who fall in the same time joan zone as japan and the koreas then three hours ago new years came to the cities of crowded out skin concealed along with china singapore malaysia and the philippines as two thousand and twelve continued to march across siberia it reached such cities as homesick and noble cbs its residents celebrating along with thailand and vietnam next midnight reached the cities of yet fifteen of berg and peons just an hour before muscovites celebrated the beginning of two thousand and twelve. and thousands were angry at the results of. russia's a parliamentary election res

thank you for everything over the past five years, really. i have another show. >> love ya. >>> all right. we're at the top of the hour. doesn't that make you feel all good inside. get you up to speed on some other stuff now. here we are two days before christmas on december 23rd. the deal is done, we think after the republican revolt and republican retreat. the house today approved a two-month extension of the payroll tax cut. the senate also signed off on that deal. now heads to the president for his signature. all this means that your taxes will not go up january 1st. will the top senate democrat says it didn't have to be this way. in the end house speaker john boehner, he caved in and he gave in to political pressure but still he defends the stand that he took. >> we have fought the fight, the good fight, but i talked to enough members over the last 24 hours who believe that, hey, listen, we don't like this two-month extension. we don't like this reporting problem in the senate bill and if you can get this fixed, why not do the right thing

after the outgoing year took its toll on a number of eurozone governments many doubt the so-called year kratz now in charge will bring relief as some of them were behind a curious failings. that seems that any global food review is no except as a source. while the syrian opposition is bursting with amateur footage showing violence that's claimed to be recent arab league observers have yet to report any atrocities after three days in.

they widenalt the end of the year and narrow at the end of the year. >> tom: short term is a month or so. >> it was up in january, 8 to 10%, and we started to get out. >> the other one we like is big discount. and it's the only opportunity to buy a portfolio of hedge funds. >> of the four funds we mentioned, do you and your clients have positions? >> in all of them. >> tom: cecilia ghandour, and thomas herzfeld, we appreciate it. with the holiday retail insanity all around us, sometimes it's easy to lose touch with reality. tonight's kids and cash has a few last minute tips for teaching your kids or grandkids the basics of gift giving. here's neale godfrey c.e.o. of the children's financial network. >> it's the perfect time of year to make sure your kids understand the importance of giving, appropriately. an overgenerous gift can indicate too much of a need for approval or control and can embarrass the receiver. or, it can signal the beginning of an unhealthy materialistic competition. you can explain to kids that parents and grandparents love all gifts the same, no matter how much is

of turbulence kevin of course the news this year just incredible the so-called arab spring revolutions we saw a change of power in three north african countries and while the revolutions in tunisia and egypt form the leaders of those countries stepped down libya witnessed a grueling civil war that came a venture only with nato intervention. well only brought to saw each it's a good time to look at that as well as the british royal wedding this year took international headlines by storm and people's minds off war and recession for a change and that's to me to two billion people watch the ceremony live as prince william and kate middleton tied the knot. there's also been a medical breakthrough this year more were yet to find a cure for the likes of cancer and a chimey the world's first transplant of an artificial organ and given millions of people new hope yeah. it was a very tough year for those pictures we saw ravaged by the earthquake and tsunami that tour through the coast destroying so many lives it was so sad leaving so many others with nothing and of course

. >>> it's the 30th annual mclaughlin year-end awards. here is the master of ceremonies john mclaughlin. >> biggest winner of 2011, pat? >> mohamed. islam is the most powerful force in the world today. >> i give a positive today to the arab youth protesters, but the occupy wall street crowd which has really changedle the political agenda and put the concerns of the 99% on the national scene. >> rich? >> the navy seals who dispatched osama bin laden with lethal efficiency and did us all proud. >> i will give it to newt gingrich, john, if that surprises you. he went from loser to winner most effectively this year. i am not going to say what happens next year. >> thank you very much. the envelope. what am i doing? >> let's hear it from jay carson. >> johnny carson. remember him? the biggest winner of 2011 as pointed out the arabs. 2011 was the year when arab street rose unpassed from tunisia to egypt, from yemen to libya. the arab street brought to life the arab spring. so the arab street, the biggest winner of 2011. okay. biggest loser, pat?

this was the 196 homicide of the year in baltimore. detectives are trying to find it two murder suspects. >> we are hopeful that while we have spoken to some individuals in the area concerning this incident, there are more that witnessed it and will come forward and eight us down the path. >> police have released few details about the suspect. they are still confident that witnesses will still come forward. >> two doctors are facing murder charges in connection with a botched abortion procedure. this is the location police say dr. steven brigham have been bringing patients to for late term abortions. they have been producing -- they have been performing them in maryland because laws or more permissive than in other states. police who conducted a search of the building said officers are uncovered human remains. he has five counts of first- degree murder and five counts of second degree murder police are on the lookout for two suspects in an attempted armed robbery on the light rail. the two tried to rob somebody on a light rail train at

what you told us about your hopes for the new year. the little boy who simply said "inspire the nation." >>> and saving good-bye. from columbo to colonel potter to the hollywood icon with those violet eyes. our "persons of the year." >>> good evening on this friday night. and we begin with two economic victories. there was so much outrage over one of those big fees on the way, and you were heard. we'll tell you what happened late today on that in a moment. but first, the other economic headline. the close on wall street. after a tumultuous year for americans, their savings, their 401(k)s tonight, a promising end of the year. look at this. a sort of ekg. the heartbeat of the markets over the past year. more than 100 days of those heart-pounding triple different swings. up and down. but tonight, the close of the dow. we learned the year finished up 6%. so, what does this mean for your retirement nest egg? abc's ron claiborne working the numbers tonight. >> the stock market dropped like a rock. came early this year. >> reporter: for invest

happy to get rid of the as we ring in the new year. rain heavy at times, oregon, and northern california. snow in the high elevations of the northern rockies and cascades. new year's eve, calm and quiet. partly cloudy, cool conditions. not too bad. on sunday, most areas should be sunny and nice. a good start to the new year for all of us. >>> watching us on kgw, in portland, oregon, come to art on the boulevard. pacific event of the day. >>> here's an early look at headlines in entertainment. describe this weekend and whole year of 2011 with hollywood struggling to pull in audiences, there's nothing new at the box office. tom cruise's "mission impossible: ghost protocol" should win with about $30 million. elsewhere, former chicago bulls star and current tight-fisted nba owner, michael jordan asked his girlfriend of three years to marry him over the christmas weekend. congratulations to them. another blast from the past. elly mae clampette from the beverly hillbillies, donna douglas, settles her lawsuit over mattel with a barbie that use

world you may be russia has been marking the arrival of the new year with a grand fireworks displays and celebrations across the whole country from all of us here we wish you a happy and prosperous twelve.

the other big things that happened this year, the drought ended after three years. the governor declared an end to that in march. kwee w we also had the huge earthquake in japan and the meltdown of the fukushima. it raised some concerns here until a lot of people, experts said that it wasn't at levels that were of concern. state parks. he's steaming ahead with his plan to close a quarter of the state park systems, 70 parks by july. i don't think he's going to back off it because he needs voters to see pain. also, i think it's the beginning of the end of high-speed rail. i think the doubling of the price from 43 to $99 billion and the recent field poll showing that 59% of voters would vote it down, including one-third of the people who voted yes on it two years ago or three years ago now say they'd vote no. to me, it's dead. the only question is whose fingerprints are on the knife because big unions want it and the democrats don't want to upset the unions. >> wasn't there some good news in california? >> yeah, the science -- it was a fascinating year for astronomy. a

this was the biggest deal of the year, the biggest deal in telecom of ten years and it's a classic case, absolutely. >> tom: porter, we appreciate the insights from the m & a desk, porter bi bi,-- bib-- bibb, managing partner of media-tech. >> thanks, tom 678 >> suzanne: tensions over the payroll tax cut escalated today as the house gets ready to vote tonight on a senate bill that would extend the tax cut for two months. house lawmakers are expected to reject that bill, putting the cut-- which expires at the end of the year-- once again in limbo. house speaker john boehner wants to negotiate a compromise, but senate leaders say they are sticking with a bipartisan package that passed this weekend. darren gersh looks at what all this might mean for the economy. >> reporter: speaker john boehner says house republicans want to provide certainty for job creators, and a two-month extension of the payroll tax cut will not do that. >> i've been around here a while. i've seen congress kick the can down the road, kick the can down the road. it's time to stop the nonsense. >> we can resolve these

lokomotiv moscow midfielder than he has been named russian player of the year after the twenty four year old finished twenty eleven his luck is top scorer and became a regular member of the national side which is ample feat reports. it's a difference a year makes them to go denise. was just one of a number of challenges rushing the field is the idea at the end of two thousand and eleven he's established himself as one of his country's key players in this position. this recall says there's no particular reason for his rapid improvements though he did pay tribute to his new coach with my team. the fact that the college believes in me is vital and when you have this belief it's much easier to play on the field i remember back in two thousand and eight when i was playing and the coach at that time that i showed that i he didn't believe in me even though i was scoring regularly belief for me is everything's been a little push or call has been like a my chief of a vast majority of his career two thousand and eleven has been a frustrating campaign for the team has been failed to live up to very