biggest single waiver was for the united federation of teachers. >> if this was such a good law why doey give waivers to those that kiss them. >> the administration is taking a look at individual circumstances where major change needs to be made by 2014. >> john: sounds like a scam. >> i think that is misinterpretation of what is happening. >> john: and then, there is the cost problem. >> my proposal would bring down the cost of healthcare. >> john: not so far. prices are up. >> facing rate increases of 1-9%. >> it's just policy making. this idea we can give people all sorts of benefits and there aren't going to be costs. maybe the problems were not unintended. maybe obamacare meant to kill private insurance companies. if that was the intent there was one unintended consequences. >> they have gained control of the house of representatives for the republicans. >> john: next, politician's promise number three, they are going to solve our energy problem. this solution takes your money and give it to americans who make ethanol. >> renewable, home-grown fuels. >> john: subsidies bring both

and a unit of the federal government of the united states government created in 1939, just before world war ii, and when it was clear that it was a part of the department of justice and when it was created, it was thought to be -- its charge to protect individual rights, fundamental individual rights. people were not exactly sure what that meant and what the first thought that event is the rights of workers trying to collectively bargain and organizing to the unions but when world war ii started, race became much more prominent in the political scene and the civil rights section started to think about how to protect the african-americans. as a result they started to think about how to protect the rights of african american workers, so the civil rights section during the 1940's takes a whole bunch of cases in which the rights of the workers are at stake and prosecute all kinds of employers for violations of the civil rights law. >> was it formed by an executive order or legislation? >> formed by a executive order, formed by franklin roosevelt, and at the request of frank murphy, the terr

party was all about reducing spending, but it want just spending, it was the fact that the united states federal government and the states with were at the edge of a fiscal cliff. california is a perfect example, it is going over the fiscal cliff in wisconsin people like scott walker and ohio john kasich, chris christie especially if new jersey just leveled with the people in new jersey we cannot go on the way we are or our state will face economic ruin. that was what the tea party was all about, not just the usual we don't like government spending. is that we can no longer afford these levels. >> four years ago, eight years ago the republican party did not want to take on entitlements. bush tried, but didn't campaign on it much in 2004. he tried in 2005, he couldn't even get a vote out of the republican congress. >> what james said about scott walker is right. you talk about a sacred cow, third rail, whatever metaphor you want to use he took it to them and survived and it isn't a message to the rest of the party the rest of the country, that you can push these reforms successfully and survive t

apply for 60 of the vash section 8's, and it has been awarded 15 mckinny, so all the units will be supported by other federal subsidy. the next slide is going to show your numbers the plan called for the creation of 3000 units. moh has identified 2958 units targeted to homeless that we now have in our pipeline. although with the dissolution of the redevelopment agency and a significant reduction or elimination of local, state, and federal resources, our pipeline has been slowed over the last few years, making progress slower for bringing new units online. in 2012-2013, we expect to have 1250 units subsidized by the local subsidy program and 17 products with 111 units targeted to families. by 2017, losp will subsidize 1450 palomas units. -- homeless unit of the next chart is a new operating subsidies which ranges from 6000 to 11,000 per unit per year. building types include sro's or multi-bedroom apartment units, as well as population, single individuals versus families that very, which causes buildings to operate differently. that is why there is such a range in per unit subsidies. moh staff gathers monitori

enforce exactly what the supreme court and what others have said here is that this is a federal issue and that the unitedent should enforce the current law. i think that's exactly what jan brewer has said, that's what the supreme court has said. and that's what all the republican and democratic governors have said, that's number one. number two, and that's where i was trying to go with this in terms of party history here is that republican presidential candidates have always run against sometimes republican platform. ronald reagan did that in 1980 when the republican platform specifically said that they were not for tax increases. ronald reagan obviously increased taxes all throughout his eight years in office. my point simply is that if the republican platform may say one thing, but when the actual candidate gets into office, it's something different. >> interesting. maria, the federal government has actually deported more illegal immigrants from the u.s. for the last fiscal year than ever before in history. there's something like a record 380,000 illegal immigrants removed from the u.s. in the last fis

as of today, more than 1,500 counties, that is half of the counties in the united states are federally declared disaster zones. this is a big, big event going on across the united states. not in every corner of the united states, but very key places where corn, for example, is grown. corn is not just used for food, but ethanol. since the beginning of the year, the production of ethanol, which is a key ingredient in fuels, is down 20% because there isn't the corn to support that. the national weather service is forecasting the droughts are likely to persist for some time to come. that's why it is now believed that next year we'll be paying as 3% to 4% more for our food. in the processing time it takes to get the corn to the finished product, it will take that long. 3% to 4% more for food likely by this time next year. it is a very significant event. of course, it is raising all kinds of issues. it is directly related to global warming? is it something and aside or difference between weather, which is variable and it gets hot and cold or is this something about the climate? a lot of peop

on january 21, 2010, the supreme court in the case of citizens united versus the federal elections commission ruled that corporations have the same rights as people and they allowed corporations to have the rights of free speech and declared that unlimited financing is a free-speech and ushered in what we are seeing now in terms of the deepest pockets and corporations in the united states are able to find the vast amounts of money for a super pacs that can put on the airwaves about candidates and issues and really determining that money can be the greatest influence over the outcome of elections. this is something that is putting our democratic institutions in great crisis. there have been statements from elected officials. we have done a resolution ourselves. it has been done in sacramento as well. we have not given the people a chance to respond and have their voices heard directly. this is what this policy measure would be on the ballot, giving the residents of san francisco a chance to say that we need to look at our constitution and have it amended to ensure that we're not counting corpo

until now, federally funded organizations have maintained some of those vacant units. money runs out. the cash strapped city is taking ownership and trying to fix the problems. casey stegall in new orleans tonight. what's going on. >> a new process where the city can basically foreclose on a blighted property if the deed holder does not pay their code enforcement violations. what happens next they are then auction dollars off at sheriff's sale where developers are redevelop. none of this happens, we are told, until every attempt is made to reach the original owner. >> some folks, 15 or 16 different addresses for where they could be. what we are starting to hear more and more of, is i'm not coming back. so, do what you need to do to the property. >> goal is to unload 10,000 of these derelict properties before next year. today the number stands at 4700. >> shepard: what are new orleans residents saying about it, casey. >> any allot of folks allowed any kind of attempt to clean up the big easy. there are those who say this is ridiculous, it's taken nearly seven years. let

supreme court ruled in a case called citizens united versus the federal election commission the corporationsf the same rights as people. this ruling flies in the face of common sense. we know that corporations do not breed. we know that corporations do not give birth, go to war, or pledge allegiance to our flag. in many cases, they do not even pay their fair share of taxes. but under citizens united unlimited corporate spending on elections is now treated as a free speech and is protected under the first amendment of deeper -- of the constitution to do with this decision, the supreme court and our national democracy is in crisis. the supreme court got it wrong when the world that unlimited spending on political campaigns is a form of free speech. by striking down sensible limits on campaign spending, the court has allowed the voices of a few wealthy interests to speak louder than the rest of us. is it any wonder that the people to like government does not listen to them anymore? since the ruling, corporations have been legally allowed to spend unlimited amounts of money in our elections on b

these three events this week was policy meetings for the united states federal reserve, the european central bank and a closely watched report on united states jobs. >> the bankers cothe losers and let us start about to beggars, the losers with jobless. with it the -- biggest problem is home prices are rebounding? >>rob: it is been a difficult couple of years for people that own a home. many people are under water with foreclosures they are freaked out. two consecutive months with an increase. and that is nice to see. and 2007-2009 there were down by 37 percent. however, higher prices has increased from month to month. this help the economy it is nice to see. but do not go out and get a home equity loan. the u.s. economy is recovering without any home prices? >> rob i think it all works together. if you want to see jobs created. the mom-and- pop businesses are helping and also automotive, retail. >> let us talk about apple. they have been battered but their stock is over 600 what is the reason? >> robbed certainly, it has been battered. the stock is 47% it is stunning. and certainly,

party was all about reducing spending, but it want just spending, it was the fact that the united states federal government and the states with were at the edge of a fiscal cliff. california is a perfect example, it is going over the fiscal cliff in wisconsin people like scott walker and ohio john kasich, chris christie especially if new jersey just leveled with the people in new jersey we cannot go on the way we are or our state will face economic ruin. that was what the tea party was all about, not just the usual we don't like government spending. is that we can no longer afford these levels. >> four years ago, eight years ago the republican party did not want to take on entitlements. bush tried, but didn't campaign on it much in 2004. he tried in 2005, he couldn't even get a vote out of the republican congress. >> what james said about scott walker is right. you talk about a sacred cow, third rail, whatever metaphor you want to use he took it to them and survived and it isn't a message to the rest of the party the rest of the country, that you can push these reforms successfully and survive t

tonight at 6:30, an nbc bay area investigative unit report. >>> federal investigators reveal new information about that serious danger chevron employees were in during monday's refinery fire. >>> i'm rob mayeda tracking a bay area heat wave. day four that brought temperatures up to 105 degrees today in parts of the bay area. we'll let you know if it's going to stick around to wrap up the weekend. your forecast is coming up. >>> good evening. i'm diane dwyer. the weather was classically bay area today, very, very warm, perhaps even hot inland and a bit chilly on the coast. here's a live look from our sunol camera where today's high, 104 degrees. compare that to half moon bay which was in the low 60s. meteorologist rob mayeda has been tracking the weather for us. >> you said it. uniquely bay area. we're getting a great tour of our bay area microclimate where you can just get in a car, drive half an hour and you can find relief around the bay area but you have to get close to the water to find it. half moon bay, 62 degrees. almost 40 degrees warmer towards fairfield and livermore. thathcgrridor

you can you can almost make a case that we're more of a of a non-paid intelligence gathering unit of the federal government than we are a private sector for profit institution that being said yeah there's a lot of regulation there there could be i don't think i think there should not be as much regulation and clearly what you've got here is you've got a couple of banks you mentioned earlier how many fewer banks there are now than there were in the past and that's because these bigger banks have had huge there's huge barriers to entry if you want to get into the banking business the red tape and you have to jump through and the regulation you deal with essentially means makes it impossible so we have these institutions of the top that are that are that are totally ensconced in our economy and yes they're the best friends that washington has and yes they donate lavishly to political campaigns and yes they expect favors in return for that and they do get protection and in return they do the bidding of the federal government and they are in bed together i think it's a shame of vibrant free banking s

there is speculation that the united states federal reserve could intervene in the markets sending the dollars down and that sends oil prices up. they are looking at that. also, iran sanctions and unrest in the middle east. >>shepard: a lost factors. thank you, rich, from washington, dc. if you are traveling in a pair of lebron james shoes it will cost you more then $300. according to the reporting of the "wall street journal", nike will sell the new lebron shoes for $315. the "wall street journal" report those expected to feature ocean sensors do measure how high players jump. if the reports are true, the cot of a pair of the new speakers could buy you five pairs of converse all stars and a basketball. a man who buried his wife in the front yard after she died is now in a legal battle to keep his wife buried in the front yard. lawyers are weighing in. a pod of humpback whales make a dramatic appearance off the coast of california. there are many more pictures coming right up on "studio b" just ahead. [ male announcer ] this is anna, her long day teaching the perfect swing begins with

us more absolutely right well in a couple of hours we will hear the central bank of the united states the federal reserve system reside will have minutes released from that meeting and investors are very hopeful that least at least the fed will keep an open door to further stimulus which apparently according to the recent stats which have just come out is quite needed actually on the jobs market a.d.p. automated data processing as the released one hundred sixty three thousand new jobs being added in the private sector which is a slight improvement on the previous month a full report from the labor department expected on friday and manufacturing as improved by just p.m.i. from forty nine point seven to forty nine point eight and everyone is hopeful of course for a value over fifty percent which would indicate expansion. all right this is how the u.s. markets are faring right now they are flat as they were in the previous session really ahead of that meeting everyone is really cautiously dow jones is up just point two percent as i'm going to be over in europe is that yes it is c. is is quite optimi

that a silly but we're the ninth largest economy in the world, we are fully backed by the united states federalts we are eight p giver, a donor state, meaning we pay more in federal taxes and we receive in benefits so it is hard to know why we have become a poster child for everything wrong with socialism in the nation. sarah palin is not too happy but she is not having a good day with people making comparisons and a not positive way, to paul line. >> thank you so much. of course you can find more of her sentence on cbssf.com /mornings. >> the candidates love the bay area, they come here to get money all the time. 6:50 a.m., time to look at what is coming up later on cbs this morning. anthony mason joins us live from new york on monday. good morning. >> good morning, speaking of politics, we will be talking to bob schieffer about the first during interview with mitt romney and paul ryan. and david axelrod will be with us. and we will look back at a classic charlie rose conversation with jerry seinfeld. we will see you at 7:00. >> anthony mason, thank you so much, have a great show. wall street

well now in the united states the federal government spends twenty four percent of g.d.p. so one dollar out of four spent by the government under capitalism gold was money and the government had nothing to do with it now the fed creates money from thin air and manipulate it as a value but even more to my point i would say is that the growth dynamic under capitalism was completely different than our growth dynamic under capitalism capitalism created economic growth this way businessmen would invest some of them and make a profit they would save the profits or in other words accumulate capital hence capitalism and repeat the process investment saving. divestment save us that was pretty difficult and slow but that's how capitalism created economic growth but in our system which i call credit ism for lack of a better word i think that pretty good where the growth dynamic is driven by something entirely different it's driven by credit creation and consumption and more credit creation and more consumption so as you pointed out that total dead in the u.s. went from one trillion t

firm whose insolvency is going to have consequences for the financial stability of the united states -- the federal reserve, the secretary of the treasury, and the president, so, it is a very collaborative accountable process. and it has an entire mechanism allowing for a variety of different approaches to the firm. using both liquidity measures and other measures. to try to contain the problem. so it does not have the collateral effects that we saw in the example of lehman brothers and even going back to ltcm. that is how the legislation tries to deal with the issue. i would respectfully disagree with joe. and his assertions that the dodd frank does not address the too big to fail problem. >> well, let me phrase it this way. and i want to start out with ken this time. one of the things about glass- steagall is that it changed the world. it said it, we are going to split these countries up. if you are an investment bank any info, at your this kind of company you are a commercial bank and you will be protected but you cannot do anything dangers. it changes the structure. actually worked pretty well

federal armed smuggling case. the company which is now called academy llc accepted the settlement as a deferred prosecution on 17 violations. they include possessing automatic weapons in the united states without registration, lying to federal firearms regulators about weapons provided to the king of jordan, passing secret plans for armored personnel carriers to sweden and denmark, and illegally shipping body armor overseas. the company has made billions of dollars from u.s. security contracts in iraq and afghanistan. >>> the u.s. has promised to improve its counterterror ties with egypt. this comes a day after 16 egyptian soldiers were killed by suspected militants along the border with gaza and israel. secretary of state hillary rodham clinton made the offer during a conversation with evipt's prime minister. >>> -- egypt's prime minister. >>> more and more looks like the race for the white house will come down to a few key states. >> a new poll suggests there's a leader in three of those states. manuel gallegus has the numbers. >> reporter: president owe imam ma is head -- obama is heading to the battleground state of colorado today to promote his economic plan. the president