here i mean tom if we're if we're looking at you know should they or shouldn't they i mean it's just a matter of time right now what would what do you investors looking at now i would be looking at specific sectors we have some we have like spare bank up there we have al rosen i mean what do you think during this time of volatility and considering the privatization program is it going to be sector driven. well i think you know i agree with what the fed analysts i mean clearly the market people are really looking at privatization program nobody actually expects anything material to happen in the near future certainly not so well and six thousand and twelve i mean the only name it could really come to the market in any in any meaningful size . and their futures that i believe in that's going to get pushed back and i think i do you know i will say for right. now there is a precipice like that moments and you know it's which which political cycle right or of us is that. this is a russia's political i mean i think

tom, the best way to stop the post-vacation blues they say, plan your next trip. >> tom: i guess the upside is you have a job to go back to, to help pay for that summer vacation so you can't be blue about that. >> susie: very positive attitude. >> tom: friday, here, we have september 16 for you. it's in the books. tom hudson for you. good night, have a great weekend, you, too, susie. >> susie: tom and i hope to see all of you next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" videos. to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. pbs.

a tom i tna co i t o an i2 ootp t w binms oe ppacin wanan mfouele s8%un stauin p f yeincoro v siner eml fis a unor a t. cienda' w ng m a rt omonti om vea st t evdhatwi an tes tor tee tn t weavsustng ouc'scoan exin inme earonti ecyn or tof ind cind evhi enhaghut bisbed h 1 lltolto pe thi yliso th nr o oo anve athth yokn ci i thog. ns shilihe tafoftate ha oelen a. ha: oe l lndennna edmely nd cmp us nhinoave et ataic fis tho o hohaulen eqle30 t c anghna ha: d diee taat i rt t feorhe coesor aca mee inon anrnae nsg emy us t lotdlcl chwivene nuurndri faes os. inheecy' eranepts dienwoaty. rs iab g. on i aer t crys ha % icthi t%vi cie%fnos see no ther. anntdnler. hicr vmu otes st go ns g aer ceernt cieinaswo s spot in emy mewi do y >>rl du evt? lrlown ar toprusrs posoin ha: ist enanestryu? thetr gh raec whauchi atraane t ghntveeav cp ciee cone y ouer ha:boat >>. >>rlanw ou bee cac at ihialye s heutheme urauow t eev mso beeha aul rvsea a awe hantti cdi et ps go do th crethvi ha: ouea coci siiaea es bu? ye tmeen alatrksifnt frit . sen stiehe prroer f bn an t's sn tt butecyn e id a tus inowvest ry

my name is tom nlan. i am very happy that i am joined by my colleagues here, the vice chair jerry lee. cheryl brinkman and bruce oka. the director would have been year, but he was away on business in oakland. thank you, directors, for being here. we really appreciate the input we got -- over 650 responses to the questionnaire, which we put through the citizens advisory committee and other interest groups, and we are very pleased. we believe we of dawn and else standing at job. -- we believe we have done an outstanding job. [applause] i think that was the honeymoon right there, guys. [laughter] before we talk about today's event, i want to meet -- i want to mention debra johnson, who unfortunately had a medical appointment this morning. she wanted to extend our congratulations. ms. johnson has served this agency so incredibly well. particularly, our work with the union negotiations recently, successfully completed. she is an outstanding, dedicated member of the team here. we look forward to working with her

something more safe like american treasures or other safe i don't know what do you think about that tom i mean the very name keys words coming out of the fed here we have a report coming out of the i.m.f. i mean there is doom and gloom out there i mean just sit on your money. yeah we are beholden tellers of the moment but i think the good news is if you are holding dollars russia is eventually and we can you know like we saw at the end of two thousand a crisis will be very good value you know russia's other sovereign position is very very strong especially in europe and peripheral european countries and that's reflected in a part of mark's contraction in russian southern spread since the beginning of the year the problem for russia is that this is an economy that's highly highly reliance on the oil price and russia is the biggest highest peter plan emerging markets on the oil price so you know even if the fundamentals are very good because because you know russia needs high oil prices its budget you can buy out sees an environment where you think your price is going to fall i've mentioned

>> when you associate premiere branlds with premiere, you go -- >> tom: i know whatever you do, it's going to be stellar >> thank you, good toy sue >> tom: here's what we're watching for tomorrow: durable goods orders for august, along with quarterly earnings from olive garden owner darden restaurants and retailer family dollar. amazon has scheduled a news conference where its expected to release a new tablet computer. and hilary kramer is back as our "street critique" guest. email your questions to street "street critique" guest. email your questions to street critique at nbr.com.bq >> the following kqed production was produced in high definition. [ ♪music ] >> favianna rodriguez is a woman with a mission, or maybe many missions, and she's accomplishing them one poster at a time.

we're not getting it. >> after the cold war. >> let's go to tom. >> i just want to say one thing. e and mika's point. compare how eisenhower used the cold war, which was to rally and motivate and inspire the country to build out the highway system, to invest massive amounts in science and missile research, foreign languages. and then compare how bush used the 9/11. it was to give ourselves a tax cut rather than to call on a country that was just waiting to be drafted. >> yes. >> imagine if the morning after 9/11 when gasoline prices were $1.66 a gallon. >> yes. >> the president said, we're going to phase in a gasoline tax to make this country energy independent and take money from the very people who did this. >> tom, i agree with you though i don't think the country wanted -- was waiting desperately to be drafted. i think they were given exactly what they wanted to hear and it's our problem. read joe's piece in politico by the way. we all need to want to be galvanized to move forward and sacrifice. i don't think over the past ten years america -- it's our problem, too. we have to

i complend tom for doing such a fine -- i commend tom for doing such a fine job working with the communitysident buell: thank you. >> good afternoon. president buell and members of the commission and director ginsburg. i'm sandy mori. i'm a member of the directors of the japantown foundation and a founder. don is our president. present today is keith komasu kimbings. when you see the renovation of the teagarden you'll be pleased of this very culturally appropriate venue and you'll love the design and the fact that the wood in the tea house has no nails in it. that's one of the very well-known japanese car pen tree techniques. -- carpentry techniques. carol has done a wonderful job making sure that everything in there is appropriate, very culturally sensitive. i'd like to acknowledge her work. she is here today, along with her staff. and i'd like to call carol up to the podium with me and have her show a few photos that she took recently to show you the recent renovations so that you could get a little bit pictorial idea about what it looks like now. and also while she's coming up, i want t

. >> tom: let's get an update. some viewer i mails, this one asking hillary, are you still holding super media, the sector looks very weak, spmb, the ticker symbol, you liked it on december 15, it has been crushed here, off 78%. >> it's just been a disaster. this was the former yellow pages, that was trying to go social media online, but the whole sobl media valuations have collapsed. i've held mine, it's really been disastrous. so it's a shame, on super media and anyone who is looking at an online social media opportunity, it's all spun around and on is its head now. >> tom: do you wind up cutting the losses at this point, selling? >> most investors should do that, that would be the rule of thumb, you get out and deploy your money into something better. in my case, i'm holding out in case there's some opportunity, because the company still makes money. it might be shrinking, but there's real revenue there. >> tom: okay. don writes in late 2010 optimer was a strong recommendation, do you still recommend holding or is selling a b

. >> thank you, tom. i would like to congratulate the mta board on all wonderful joyce. how i got involved in public life in san francisco, i was appointed as the predecessor to this board by mayor willie brown back in 1996. back then, the budget was much smaller. that the mission was just as important. in the two or three years i served on the board, and then as city attorney, were muni happens to be my largest client, i cannot tell you how much i appreciate the work that the organization does. scott talk a little but about his experience -- talked a little bit about his experience. to me, that is what it is about. to have the stick to it of this -- sticktoitiveness to stick with an organization. i cannot imagine a better addition for this organization. we have had the opportunity -- i've had the opportunity to volunteer working for him on neighborhood cleanups, and i see how much he cares about san francisco, in respect of of his role. he has the leadership skills, the drive, the vision, the people skills to take muni to the next level. i want to congratulate him on his

before i walked out of tom, i might want to choose a different route. that kind of service, improving communication with the public would be a greater benefit. a brief update, the draft environmental impact statement will be released on monday, october 17. this will be a very large collaboration between the transportation authority and the mta. the bus rapid transit line that would go from the commission to lombard, it'll be a dedicated public right of way, it will have many customer amenities and improvements. it will be signal priority, other pedestrian enhancements. maybe most notably, the transportation analysis shows that it would improve transit travel speed by 32% and improve liability by 50%. i would say this is really the next biggest significant investment in our transit system that is on the horizon. i believe is proposed for funding under the small starts program of the u.s. department of transportation. understanding is that it is the top rated project in the country. it would cost somewhere from $90 million to $130 million. the tentative s

i think it's more to do with clarity, tom. when you look at the health care situation, we recently did a web cast for our clients and we got some feedback from them that said 79% thought their health care costs were going to increase. they were particularly concerned about the tax on the cadillac plans that will come in in 2018. but overall their biggest concern was that they were having difficulty understanding the rules and determining exactly what those costs would be. so yes concerned about the cost, but more concerned about give us the rules, give us the understanding so that we can really determine exactly what we'll be taking on, plan for it and deal witness. >> tom: is this an opportunity for firms like yours that are in the advisory business, good business these days because of the uncertainty? >> well, tom, we're all about helping our clients manage risk and solve their problems, and obviously we'd be prefer to be doing that in an environment that is morrow bust and positive than it is today. but when we talk to our

tom and be i put that as -- tom and i put that as a top priority.ut every american has to understand that this really is a different world after 9/11, that there are greater risks. we believe that the terrorists will hit us again. we don't know when, we don't know how, but we think it's an exceedingly serious matter. and when all is said and done and you've done everything you think of you can do, there's still an element of risk there. but we're impressed with the adversary here. don't undersell osama bin laden. >> host: are you impressed equally with the way in which we as a government and a people have responded to the 9/11 challenge? >> guest: i'm impressed with the fact that we haven't done enough, that we haven't given it a high enough urgency or priority. that we haven't always spent our money most effectively or organized ourselves as well as we should. i'm appalled that you do not have detection devices for liquid explosives at this time, five years after 9/11. >> host: it is an amazing fact. >> guest: i'm appalled that you still don't have

i have a pair of toms shoes. tell me how you affordably can make shoes that allow you to do the kind of philanthropy you do around the world. >> i was always lucky rather than good. i was lucky in i chose a very simple issue to make. it is basically a piece of canvas draped over a rubber soles. there is not a lot of complexity in making these shoes. the key in making shoes and make them affordable is to not use a lot of style. you can look at another shoe co. and compare us to other companies, there are hundreds of different styles. toms may only have 25 or 50 styles. i am talking about colors. maybe only five or six styles of shoes. if you limit the number of shoes you are producing, it greatly reduces your cost because they are not having to change out parts, waste time, and all of that. tavis: what is the range of price? >> our kids' shoes start at $38. adult shoes sell for $44 up to $75. most of our shoes are in the $50 range. tavis: this inspiration thing obviously runs in your family. i was reading about you

so those positions were held until august 4. >> tom: you own the first two funds we mentioned, jack? >> uh, it's possible. i have-- harris manages my money and it's possible they put that in there for me. >> tom: we've got our market monitor this friday, jack ablin with harris private bank. >> susie: just a reminder, you >> susie: and finally, while the august employment report showed no net gain in jobs, we introduce you to a man who managed to find one in of all things the luxury business. today, he wrapped up his first week on the job. in our ongoing series: "you're hired," he tells us he found his new gig-- the old fashion way. >> hello, i'm veto miceli and i'm a sales rep. i worked for a national boating magazine that got shut down. i was in sales. i sold advertising, and i was really starting to get concerned that it was going to be a long period of time. i was unemployed for three months before i found my new position. i stayed, you know, in touch with everybody i knew. i asked. i told people i was looking, and, you know, like i said, sure enough, through an old industry friends, through a contact, i

tom. i. see. well back to watching r t live from moscow a reminder of the top stories and a senior national calls on all sides only in civil war to prevent human rights violations well short lived through malaysia now after the fall of gadhafi and some libyans say there are now being used by those who fought for their freedom. at a time when the u.s. is tightening its fiscal belt forcing private jail seek more revenue from cash cow prisoners they are accused of lobbying to expand the american justice system can increase the number of citizens behind bars. ukraine considers the legality of day trips to the contaminated area around her novel the side of the world's biggest nuclear tragedy tourist visits were banned over allegations they provided unhealthy profits ukrainian officials. next to put the spotlight on a key figure in the yeltsin administration has now had of the russian national technology corporation we ask about the secret of a successful innovation economy. hello again and welcome to t

is jeff if it's if they come over and tell me how they've been living here in the russian capital tom i fear you like your ideal at that great city it's really nice to talk and it's not at all what i expected before we get there so you mention walking into you know some little thing that must resist doing a cold miserable city what you think it's like you know taking a stroll through the streets of the state can be great and cold for certain times of the year but for the most part i've experienced rather like this where it's due to fall it's sunny and even if it is cold it's so funny outside and there are so many people walking through you constantly feel safe walking around i feel safer walking here than i have in other big cities that i've lived in or visited before which is a really neat feature even just seeing a large being with my dog until they get to me to navigate and get around the no way on the only poll should be in wide sweats how about this leisure go on i actually live here in the location and i mean it's great courage and great here which is really beautiful and the peop

you know tom one can only hope troy davis himself with whom i had some contact and his sister have said that it can't and here don't let it end here the idea that this man this possibly innocent man. was killed by the state of georgia in spite of all of the protest in spite of all the questions about the end of the evidence in spite of all of the recantations on the part of the he of prosecutorial witnesses. cannot simply be allowed to just go away like governor perry is trying to have happen with cameron todd willingham execution another innocent man so we i think in the abolition movement see to it that it is our job to see to it that the rate of the people of the united states wake up to the fact that we are viewed as barbarians by people around the world as a result of our continued use of the death penalty when life in prison without the possibility of parole is is as. effective if not more effective deterrence and as effective if not more effective a punishment for grievous comment and an even less about side which i was and oh so incredibly less expensive we're wasting one hundre

pull off as they really needed only four minutes to open the school back in a match you can still see tom i twenty minutes later the only shooter called did make things off the past. with alexander because you can't make you three will just before half time for the last pair of the same time defend this in the second half see he added another goal for his fifteenth strike of the season it was a win for the chinese lefty side the face put their champions league behind stack. and serious god of confidence boosting win ahead of their champions league showdown with insead beaten time unfolded three one thing by scoring three army men barely on their shoulder managed to equalise a short yardage he shot the people off however they would bang to ten men men and i'll get a gauge here are sent off after a second yellow card into your skull to put it beyond the island as it boy is making it see one before signature bridgeboro from the sport so straight was the final score and. she's got to go up to the second. but over in england manchester city have caught manchester united at the top of the premier

unique what is going on in this moment in terms of financial information and i want to let you likely tom i did say about fantasy but i'm going to go back to richard first before we go to the break ok i've lived in asia for most of the last twenty five years and i've watched. be transformed by the economic boom that's taken place but the boom here is a kurd for one reason and one reason only this because of the u.s. trade deficit the u.s. trade deficit grew to be eight hundred billion dollars that was two million dollars a minute that's what enrich the rest of asia that's what made asia a boom and that trade deficit was paid for on credit now that brings us back to our credit crisis now this economic paradigm credit expanded every year in the united states from one nine hundred forty seven until two thousand and nine and when it cracks started to correct then the crisis started so we're now at the end of this forty fifty year debt through all the economic paradigm and it looks like it's going to implode what do you think about that tom earlier you said fantasy go ahead and it will take asia

of the score tom i want your personal views on are you chub channel. today violence is once again flared up. these are the images the world mistreatment can in fact. well it's a pretty big girl room for russian politics along with the ruling party united russia two of the major parties also held their conventions ahead of december's election for the duma that's the lower house of the russian parliament and communist party was one of them as it gathered to work out their election strategy and select their election candidate one of the oldest parties in the country consistently wins a large number of seats in the parliament with its leader also running for the presidency on a regular basis this is elections not likely to be an exception either as the latest poll places the common is second only to united russia among other parties attempting to make it to the duma the shearer just russia the liberal democrats and they recognize democratic opposition party looker. if he's joined us it's now a ten twenty five pm moscow time our main story tonight prime min

is it's absolutely strawberry cliff schecter thanks so much for being with us tonight thanks a lot tom i forgot our case ixion down to the deal to hand over a state prison to the question corporations of america a look at what happened in florida earlier this year with another for profit prison it was run by c.c.a. see when things involve human bein's they really shouldn't be run for profit. you know fundamentally i don't have a problem with you know the car companies for example making cars one is a regulated so that the cars are safe and i go a lot by me i know a problem with computer companies making computers or clothing companies making clothes movies or kind of things that you want but schools hospitals and prisons i mean you've got people like chris whittle and neil bush who are making a fortune on schools you have bill frist whose family made billions with a b on private and hospitals and taking public hospitals private and basically just collapsing wages and screwing up services now c.c.a. is millet making millions from private prisons one county in florida shows how stupid this

i went to columbia and they failed me. >> just kidding. >> tom, explain your thoughts that are currently racing through that weird head of yours. >> i am getting a thought right now. >> and this is the same thing. this woman was serious. she doesn't like democracy. there is a lot of people that don't like democracy. people are complaining about gridlock. people in congress and it is gridlock. gridlock is good. gridlock works. we elected these people and want to work them out. we elected people who don't like each other and they should keep fighting. that's what democracy is. >> you are scaring me. >> you know what is results? communist. >> i have a minute hard, bill. >> isn't she guilty of doing what guys do in relationships which is thinking out loud and then saying maybe we should take separate vacations. is your friend amanda coming along? and then -- that's what she did. >> i like her already. >> but i think the best said of her was -- >> well i have known bev for a longtime. and she is not an oxford student. and i thought, everything is correct except the other part. >> leave a voic

video for your media projects and free media gondar teton tom. i want to back to the kaiser report let's go to new york and speak with the red metal tin of boom bust blog dot com reggie on the way to the studio you wrote this on your blog quote i will fly in the face of common wisdom and walk through iran on b. and p. on international television of course you're referring to this shall kaiser report walk us through your model for a run on b.n.p. paris the biggest bank in france one of the scenarios for a run on being big there are three facets to the scenario there's the emphasis for the problem which is the fact that b.m.p. is carrying a plethora of assets on his balance sheet at par basically as a risk free asset and as many practical people know very few assets are actually risk free one of their biggest holdings in the software and dead arena is the bonds of greece greece is currently trading two and three as those currently trading at about fifty two percent of par and then actually trading right there being quoted if you can what i understand

when i started toms, i was running another company and tom's was until it was big enough to go on its you say, beresourceful without resources. >> we started tom's with a few interns in our apartment and not a lot of venture capital. a lot of people say, i can't start something because i don't have investors or i don't have these resources. i make an argument and show through history how much very successful company straries hav started with next to nothing. when you start with next to nothing, it's an advantage, because you have to be more creative and problem solving. >> and you're saying the additional pressures, if you're able to convert it, actually yields a more quantum solution, because you're forced into that situation. >> exactly. companies that have a ton of investment dollars in the beginning often fail and we document some of the most successful companies and some of the biggest failures, who had too many -- >> just because they're highly capitalized, so there's very little pressure to do anything that innovative. >> and pressure's a good thing when you're starting a compa

i really cannot add anything to what rich and tom said. >> i would add a point to what was said before. working with a number -- working with the jobs council, the administration has really focused on the issue of expediting what is already there. i do think that we will make some real progress on taking some very important projects that have been judged as priority for creating jobs, creating competitiveness, and have financing in place and expediting them through the permitting process. i agree that we have to do everything as quickly as we can. it is the immediate issue and then there will be $2.2 trillion that we are under investing. we have to do two things of the same time. back there. >> i live here in dallas. mr. secretary, thank you for your leadership. mr. donahue, i agree with you could i think it is time to look at the gas tax. when people were voting, they have agreed to tax themselves for transportation. this is day 3000 company industry. it is about jobs. it is ironic. no, it is tragic. at a time when we have a lot of people unemployed, they need mass transit to get to w

i also see my friend, irvine -- tom irvine. he was very involved in the early stages of the project with terrific ideas for the school. thank you for that. [applause] i would like to thank office professional nicole figerroa into michelle for filling in for her while she was on maternity leave. [applause] thank you to all of the local 38 members who worked on the move in and set up crews. thank you to the local 38 members who volunteered their time and experience. i would also like to acknowledge the united association, the international trading fund, the local 38 jtc, and the local 38 board of trustees. i am pleased to say that although this was a guarantee, i am proud to say this project was completed using 100% union labor. [applause] i would like to thank all of the union brothers and sisters to work on this project. i am also pleased to say that we specified for the project that all construction materials be made in the usa. i am pleased to say that today as well. [applause] i am also pleased to announce that we received th