we have structural deficit as a result of the underfunding for the state. we are looking at an $83 million shortfall in our baseline projections if the tax is passed. on page 8 is a depiction of what happens if the taxes do not pass. the number goes up to a $119 million shortfall. page nine shows some positive signs. there are some things that we do recognize that we have to be thankful for. there are protective steps we are taking in the district to try to improve the picture in creative ways. we definitely do not take for granted all of the support that is available through voter approved measures in san francisco, such as sales tax increases. that does flow to schools. there is foundation support. there is the rainy day reserve. that is subject to appropriation by the mayor and the board of supervisors. we are counting on that money, $6.30 million for next year. we have gone out on a bit of a limb by rescinding, today, about 98, counting on those funds to be a protracted next year. on page 10 is a little analysis of a doomsday scenario. if those taxes do

it is underfunded mention plans. they should have the right. like john hon said if you make the decision, it is your mon yenot theirs. >> john? >> social security eradicated elderly poverty, that is true. but in the 1960s, lyndon johnson and his congress said quote. there is so much money there we'll never spend it and so they wrote iou. and now it is bankrupt. it is a ponzi scheme and pay as you go scheme. the pensions right now are not funded. politicians said we can fund them or spend more money to get relected and they are stealing it out of the municipal pension and that is a problem going forward. >> yawn thon made a point. you know what is going to happen. the will come out to the federal government for a bail out . states are bailing out pension fund exercise bail out the whole darn world. >> it is a scheme for the banking industry it let's privaticize social security . we are beating up on 401 k. average account balance of 62 percent . they are private 401 k's . this is your thing . giving people a choice. and it is any idiot to know.

if the taxes do not pass, we would be looking at underfunding of $100 million each year. it is a very significant proportion of the funding. before this started to happen,

if the taxes do not pass, we would be looking at underfunding of $100 million each year. it is a very significant proportion of the funding. before this started to happen, the school districts would rely on it. it is a cumulative effect, not something that is isolated. it has been happening over time. our schools have been doing their best. the district has been doing its best. supervisor campos: we were commenting this is not upside down. this is the actual. >> many things are upside down, but the chart is hopefully right side up. this chart, just to infuriate you more, is a historical chart that shows the difference between california's per student funding and the national average in the rest of the country. if you look toward the left of this chart, in the late 60's, early 1970's, the state of california was close. in some years, less or more than the national average. that was true until the early 1980's. you can see the effects of proposition 13 and other challenges to the state budget, and how that has manifested in funding for schools. very significant gaps between

so we're way underfunded at the cftc. >> okay. i agree with your comment in reference to senator toomey, that even if you think capital requirements are the major protection here to provide the cushion, maybe because you can't regulate every single little trade, that transparency, that doesn't gain, say, the need for transparency. so i would like to follow up on my good colleague from north carolina's question on that. we know from media reports that the jpmorgan losses involved large positions in broad based indexes on credit default swaps on over 100 companies. as i understand it the vast majority of trade indexes are recorded in the trade information warehouse. so that would mean regulators have access to some information about overall activity in the markets. but may not have information about exactly who was buying and who was selling. is that correct? >> that's correct, though, i think as our rules go into effect over the court of the next several months, we'll have that information more specifically. and we already do have

many of our state courts are seriously underfunded. this is especially disturbing because state judiciaries handle over 95% of all cases processed in this country. courts simply prumust be open, available, and properly funded and supported. courts are the very guardians of our fundamental freedoms. we must all do our part to sustain them so that they can do their work to sustain constitutional democracy in america. constitutional democracy is the key to freedom. and freedom is what we're talking about today. i am pleased to introduce our program moderator, john milewski. john is managing editor and host of the wilson center's award-winning radio and television program "dialogue." he also serves as the wilson center's director of communications. john is a veteran broadcast journalist and communications professional with extensive experience as i moderator, interviewer, anchor, reporter, and producer. jon is a frequent moderator for the leon jaworski series and other public programs and panel discussions of the american bar association d

and how really underfunded they were. understaffed, underfunded. that sounds like most nonprofits like ours. but anyway, jamestown has never changed, i guess. so -- but they got through that. then and smith finally leaves, but when he leaves in '69, there's another period that was known as the starving time. 1609, 1610, and the name tells you what happened. there were probably own 60 people left alive out of 215 that -- in 1610. so they pack up, they leave, and so this would not be the first permanent english settlement, had not at that very moment a new supply group come in, the real resident governor, lord delaware came in with over 100 troops, and they jump-started the operation. and from that point, the colony is going to make it. okay. that's thumbnail history, the earliest years. the reason i'm sticking to the earliest years, most of what we found archaeologically dates to that period, and that seminole event has been a really important thing for our understanding what we found beneath the ground. so if you'll follow me down here, i'll show y

lives in a housing project being taken down by the city and goes to a school that is dramatically underfunded. and wrote to president obama, basically explaining these sort of dire circumstances, this train wreck every day when she went to this underfunded school and asked for his help fixing these problems. and one of the amazing things about these letters was sometimes, you know, the transformative effect that they could have on the lives of the people who wrote them. and also occasionally, the impact that they would have on the president. so the president in this case got nadrea's letter, used some of it in big education reform speeches, tried to implement a few of her little suggestions. and she meanwhile because he was broadcasting her letter, became an education advocate in her little area of kentucky. by the time i was there in kentucky writing about her and her school, she was giving speeches to the superintendents there, and sort of trying to help solve some of these problems. >> a little bit more of what this young lady wrote. i know you are busy, but i could really use your help on

we are here today with these bills -- to start addressing the problem of underfunding the pension system -- we are going to raise taxes and spend money. >> the tax package raises the income tax rate on individuals making $100 a year and couples earning $150,000. personal deductions will also be lowered. >> there are two agendas are written in stone in this general assembly. one is to spend. the other agenda is to tax. >> the revenue package raises levies on commercial real-estate deals and increases the sales tax on little cigars to 70% and other tobacco products other than cigarettes to 30%. the package contains a cost-of- living increase to state employees. those opposed argue for letting the doomsday budget cut stand. >> public safety we need to vote for it. we need to do all these things and i still don't see it. >> the public trust is gone because the money that has been collected directly from their pockets has never been used for the purpose that it has been stated it would be used for. >> the budget packet's shifts the cost to local jurisdictions over four years. republicans say

this would be monitored -- they are underfunded. to deal with the bed of problems. this is not nearly enough. the noise ordinance, there are just not enough people to do this. this will be another example of the lack of enforcement. frankly in makes people disrespect of the law. >> good afternoon. my name has sue -- is sue vaughn. we have been discussing this issue for months now. before i get to my recommendation, or the recommendation of the ctac, there is an error in the agenda. it said the hearing requesting presentations from the u.s. will transportation agency and the police department to mitigate destruction of commercial tour buses and shovels, this should be by the commercial tour buses and shovels. this is what we are trying to deal with, the way that they disrupt the traffic in san francisco. i am very concerned about the destruction of the service and i was there a couple of months ago and there was a tour bus that was parked in the bus stop, discharging the passengers. and there were a couple of buses waiting to pull into the bus stop. we were told abou

this comes nearly a week after the state school board determined the district had been underfunded. school officials will not specify what the money will be used for, but say it will be put to good use. >> man is behind bars after howard k. police say he wielded a blood filled syringe as he robbed a local pharmacy, and may have been tainted with the hiv virus. he is locked up at the howard county detention center. officials say they used surveillance video to link blessing to two robberies, the most recent on centennial lane at a cvs. he made off with $27,000 worth of medications. no one was exposed to the blood, and the pharmacist was not injured. we are hearing from inside the department social services office during a frantic 911 call. baltimore police a mother stabbed her 8-month-old daughter while on a supervised visit. workers tried to intervene. >> i cannot hear you. paramedics are on the way now. >> investigators say 29-year-old kenisha thomas was the one who attacked her baby, named pretty diamond. thomas now faces several charges, including attempted murder. her daughter i

state houses, expenditures are outpacing income, and public pension obligations are drastically underfundedmber 2010, some believe a day of reckoning is at hand for many states that could require another big bailout package. >> the most alarming thing about the state issue is the level of complacency. >> meredith whitney is one of the most respected financial analysts on wall street. she made her reputation by warning that the big banks were in big trouble long before the 2008 collapse. now she's warning about a financial meltdown in state and local governments. >> it has tentacles as wide as anything i've seen. i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> why aren't people paying attention? >> 'cause they don't pay attention until they have to. >> whitney says it's time to start. california has a credit rating approaching junk status. it spends more money on public employee pensions than it does on the state university system. arizona is so desperate, it sold off the state capitol, supreme co

it was seriously underfunded and as we emerge from the financial crisis we have to commit the resources necessary. i'll say in the end i'm delighted to have the channels we have here today. we couldn't have a better group of experts. varying views, to share our thinks about this important topic. on the first panel we have the assistant secretary of state. dr. jamestown send, the deputy assistant director for nato policy. and dr. charles kupchan. the whitney shepherd son fellow and ian brzezinski, senior fellow at the atlantic counsel and dr. hans binnendijk, vice president for research and applied learning. we're grateful to all of you for being here and look forward to your testimony. senator corker, may i say senator lugar has asked that his comments be placed in the record and they will be appropriately. senator corker? >> gentlemen, we look forward to your testimony. thank you. >> thank you, chairman kerry, for inviting us to testify on the nato summit which the united states is proud to be hosting in chicago on may 20th and may 21st. with your permission, senator, i would like to s

the year, governor martin o'malley told legislators that maryland and most states have seriously underfunded transportation infrastructure for decades. o'malley's solution effectively raised the gasoline tax over a period of years. motorists including an annapolis cab driver were appalled because they are already spending so much on gas. >> some days, $55, $60. >> a day (. >> sometimes $70 a day. >> reporter: even though gas prices have come down in recent days, they are still see high compared with previous years that governor o'malley has given up the idea of boosting the gas tax. under a new budget deal, however, affluent tax payers in maryland will pay slightly higher income tax. >> we will be moving forward with a revenue package that will call upon about 16% of us who are in the top earning brackets of our state to pay a little more and that is the primary revenue measure that will be adopted here. >> reporter: higher income taxes in maryland will kick in for individuals making more than $100,000 a year and for families whose household incomes exceed $150,000 a year. here is what some

we have prepared two reports, the first of those had to do with the underfunding of research and development in the energy area in our country, both by the government and by the private sector. we also came out very strongly for supporting arpa-e which exceeded our expectations to date. the second report we put out deals with the need for the government to involve itself in energy, research and development and i'll speak more to that in my remarks. it's probably fair to note that we are not a group that in general welcomes government involvement in the private sector's business in industry. the reason being it tends to form distortions in the way people within business behave and it hurts our competitiveness globally. on the other hand there are certain areas where there are programs that are of importance to the citizenry. but which the private sector can't or won't invest. and those would seem to me to be exactly the sort of thing that governments are designed to do and that indeed our government has done in the past. there are two areas where the private sector particularly reluctant to i

fungible the capital held by aig would be able to make up for the shortfall of the entities that are underfunded. i haven't seen a clear coherent analysis that would document whether any of those sub stid yarryes would have had a crisis that would have required regulatory intervention. overall, there was plenty of money. and the overall system of insurance regulation with strong walls between the subsidiaries and holdings. >> you don't know if those walls could have been breached? >> they wouldn't have been breached to have money sucked out to support the noninsurance. >> one of the boogy mans of the financial crisis was aig. we touched on this a little bit. maybe again, and i don't mean to pick on mr. wheeler, what is the difference between met life and aig? >> well, i think for purposes of your question. you know, if you look at the subsidiaries, how many of them are engaged in insurance. and how many of them do something else. met life is a small bank we own, which we're in the process of selling, because we don't want to be a bank holding company any more. almost anything we own from the hol

we're significantly underfunded, but you've heard me say that before. market oversight critically relies on market participants foremost complying with the laws and related roles and then the self-regulatory organizations like the cme and the national fufers association that provide the first line of oversight. in addition to that we do rely on promulgating and implementing rules. 's in that context the cftc completed 33 swaps market reforms today. we have just under 20 to go. wrap dom they do? they bring transparency to this marketplace. secondly, he lower risk through something called central clearing of standardized swaps and thirdly, lower risk by comprehensively regulating the dealers. we are on track to finish the re230r78s this year but it's still very much standing up and we are also giving the market time to phase in implementation to lower the costs and burdens on this very significant transition. to increase market transparency we've completed eight key reforms including realtime reporting to the public and to regulators that begin later this

europe the people are demanding an end to cuts to the public services from health to education badly underfunded spain's also currently experiencing record unemployment with one in four out of work but for many spaniards it's the system of government itself that's the problem. we are here in the quarter that is sorely madrid which is the main square for different marches gather here this meeting which tries to commemorate the one year ago by the society expressed how much fed up they were with their feelings and how much they wanted the political landscape and also the economic reform against the crisis how much they wanted it to revert these people want to take part in politics and they won't they cannot take part in politics because they have reached the conclusion that voting does not reflect public opinion because only two main parties can government and actually it's a bipartisan system they factor. in both main parties coincide fully in their economic measures. meanwhile it's the austerity endgame in athens where political leaders have become a last ditch efforts to form a coalition if the

surrendered animals end up in the care of shelters and humane societies leaving them overrun and underfunded some carry on the banner of being no kill shelters but are they really? >> you have to be careful about the language that is being used. what no kill means what we all think it means is actually no killing of any animal. but some -- there are some shelters use that language in a different way. >> we will look at how they are doing it coming up tonight at 11. we will tell you how some shelters across the u.s. are getting around what we think qualifies as no kill and show what the animal groups in baltimore are doing to try to keep the animals alive. and find them great homes tonight on abc2 news at 11. >>> the lawsuit against the nfl concerning players and concussion is growing. hear how many players joined in the suit and why they are trying to hold the nfl accountable for what happens on the field. >>> and the super rendezvous between rick santorum and mitt romney happening today. don't expect to see a smiling photo op any time soon. good morning maryland continues on this friday, ma

people are demanding an end to concert that have left public services from health to education badly underfunded spain's experiencing its deepest economic crisis in decades with unemployment at a record high leaving one in four out of work victor bedroom in quest of political communication. believes it's the system of government itself that's the problem we're here in the early madrid which is the main square for different marches gather here. this meeting which trains to commemorate one year ago the society just expressed how much fed up they were with the feelings and how much they wanted the political landscape and also the economic reform against the crisis how much they wanted it to revert these people want to take part in politics and they won't they cannot take part in politics because they have reached the conclusion that voting. is not i mean it is worth. it is does not reflect. the public opinion. because only two main parties can government and actually it's a bipartisan system they factor. in both main parties coincide fully in their economic measures. meanwhile afghans political lea

people are demanding an end to cuts that have left public services from health to education badly underfunded spain is also currently experiencing record unemployment with one in four. pictures from madrid as those protests continue for many spaniards it's a system of government itself that's a problem. for the. other here. one year ago spiny society just expressed how much fed up they were with their fiends and how much they wanted the political landscape. reform against the crisis how much they wanted it to revert these people want to take part in politics and they won't they cannot take part in politics because they have reached the conclusion that voting. is not i mean it is worse. it is does not reflect. the public opinion. because only two main parties can government and and actually it's a bipartisan system they factor. in both main parties coincide fully in their economic measures. meanwhile it's the austerity endgame in athens where political last ditch efforts to form a coalition if they fail greece would have to stage a new election one that could result in his exit from the eurozo

said we're way underfunded at the c f t c and that's why we can investigate these blatant crimes like it takes a while you know whole team of investigators to see the dead bodies and the dead commodity traders and brokerages everywhere and then then they also quote mary shapiro from the f.c.c. who said we've been asked to take on very significant new responsibilities though that f.c.c. has made progress in hiring new staff person improving its technological capabilities she conceded that in some areas the efforts haven't gone far enough we're still way outgunned by the firms we regulate in terms of technology but i would say also the amount of bribes and kickbacks you're paying to congress people are obama as you say and also in the amount of you know violence against the markets you're willing to do because the bankers you're regulating are willing to take down the entire thing to in or. to get their way here's my shovel ready projects for america line up all the regulators and slap them with a shovel all right stay here and thanks so much for being on the kaiser report thank you max

this is a disease that has been so stigmatized and underfunded. >> last month i underwent surgery. stage one. it had not spread. my long the capacity is almost back to normal now. five weeks after surgery i am back at work, definitely one of the lucky ones. >> you probably have an 80% chance if not higher of being cured of this. very good. i like the odds. >> that is thanks to my doctors as well. i do not even have to get in the chemo or radiation. just ct scans for the next five years. >> that is great. >> cause for celebration there. when you talk about 160,000 lung cancer death last year alone. should more be happening? >> it is the biggest killer after heart disease. there is no money for research because there are so few survivors. some obituaries would just say person died of cancer because they do not want them to know it was lung cancer.] i will show you some good news at 11 o'clock. >> great to have the back. take it slow and easy. do not -- take your time. >> thank you for telling her story. >> let's move on to this really adorable video. the newest residents at the zoo.