>> it is interesting to you move the ideas of places that are unregulated. the financial stability oversight council is supposed to make the attempt of identifying institutions that are systemically important. the largest of the large. insurance, asset managers, and some of the other folks who have them in the shadow banking space. are you concerned, especially since your organization represents insurers, that the designation of some industries or some companies is going to have a larger impact on the entire industry, be it insurance or any other industry. >> a really timely and important issue. the tradition is to focus on banks. i have a main background, a bank tradition, and a bank-centric culture, capability, and competency. the regulators have to think about insurance companies or asset managers at systematically risky institutions. the initial reflex might be we , will treat them like banks. we will include bank-like capital and reserve requirements. industry is saying before you think about that make sure you understand that a new wants -- at a nuance

the new rules also are being extended to other previously unregulated products. such as cigars, pipe tobacco, water pipe tobacco, nicotine jells and dissolvables. just before the break, you heard ray talk about regulating through the fda, or regulating -- and pushing this into the arms of big pharma. what are the different avenues that open up here? if we look upon these, or look upon them like drugs, what's the difference and why is that an important distinction? it is key. it has been known tor a drug for a long time, but it's been totally unregulated. what is now basically happening is the big tobacco companies are buying up these anything teen companies, these e cigarette companies and are moving toward more of a pure drug model, with the theory being we can lose the tar, keep the anything teen, lose the cancer keep the addiction, so it is in a sense becoming more of a pure drug industry. >> and would that create different hurdles, different sets of challenges for the still very young industry, if it was, for instance to make a claim that it helps wean people

theill live this to unregulated space.rediblegulate certain mainstream institutions out of certain business lines and the push it back into the shadows i thinkgulated space, they will get treated less well and be more exploited in those areas. say ifink the fed would the bank decides to give up a commodity maybe we do not mind that. more complex. be what advice would you give to regulators to balance the need for some simplification to control what might happen in the shadows outside the system? >> it is a balance. you can really push hard on a particular line of business and either prohibit it or overly regulated that you gave businesses to shut it down or abandon the business line. to do this, and may be consequences. you may maintain physical commodities and push it into more hedge funds. size and complexity is equivalent to what would have been a traditional bank but now they are unregulated. no examinations around connectivity. what have you accomplished? move is interesting to you the ideas of places that are unregul

. >> fresh fish stocks are getting caught that the nets of foreign unregulated troopers. and it's banned, it's illegal. but the market gambling industry is doing a roaring trade. >> these are the top stories - south korea's president says an ill-fated ship made mistakes as it sank. four more crew members have been arrested. 64 people have been confirmed dead. nearly 200 are missing. >> president latest barrel bomb attacks in syria's largest city killed 50 people, according to opposition activists. barrel bombs have been upped in rebel held areas in aleppo in an intense campaign in december. >> on the western ukraine border, there are growing calls for russian president to enter the region. separating it from moldova after the collapse of the soviet union. we look at whether the territory could be the next crimea. >> celebration of the miracle of the east. when the capital of the state that the world does not recognise. it's a country of half a million souls in a territory on the western border. >> it. >> vladimir putin to recognise it as a separate state. >> this is nothi

i know lots of times we talk about legal, unreported, unregulated. i like to simply call it pirate fishing. these are people who steal our fish out of our waters and then try to sell them back to us, and it clearly is what it is. stealing our stocks, packing our fisheries can have as i just mentioned the cost to our market of $23 billion a year nationwide, worldwide, because of these pirate fishermen and fishing women. the alaska crab fishermen, for example, the people who like to watch a reality show, the deadliest catch is one of those. the deadliest catch guys tell me that over a half a billion dollars in lost crab because of the illegally imports that are coming in, whether they be stolen or labeled incorrectly. the human impact is even more appalling when you think about it. the working condition on these boats are deplorable. they don't call them rust buckets for nothing. they are. they are dangerous, they are unsafe. they have forced labor, human trafficking, slavery. you name the list, it's everything you can imagine in these ships. and again

it seems completely unregulated, completely unauthorized. // there's no fire extinguisher, no fire exit. it's just a shack in someone's backyard. >> this morning we went to a finishing house and they had about 20 workers there. more than half of them were under 14.there were girls as young as twelve making clothes for gap. >> really? in a finishing section that you went? oh, my gosh. oh, my gosh. i mean for me, i just can't believe. so this is the time that gap should step forward to make this correct. oh, my gosh. so see how critical is the supply chain is. how critical it is. >> gap declined to give us an on-camera interview. they did give us a statement, though, saying the products we found were quote "either counterfeit or improperly acquired." but through the barcodes on the tags we found at the finishing house. we were able to match the garments to ones at old navy stores in the u.s. gap added that it "strictly prohibits any vendor from employing underage workers" >> there is a fairy tale that major brands and retailers like gap and walmart tell to public. in this fairy tale gap a

the united nations is concerned that unregulated fishing by foreign trollers will deplete fish stocks in the country's territorial waters. >> they have the greatest fish stocks in the region, but that is under threat with illegal fishing. one day they will no longer be able to fish even in their territorial waters. >> this fisherman said the foreigners and the big ships can go deep into the ocean to get the big fish. those who don't have the equipment can't. they hope the government can protect fishermen here from what he calls unfair competition. al jazeera. >> coming up after the break we have all the sports including the shots that earned this gol golfer $1 million payday. >> reporter: i'm at the film festival in new york. we'll be following one aspiring filmmaker as he tries to make it in show business. h my! >> can you just fill news on what happened. we're being told civilians were trying to take shelter in public buildings including mosques and churches when they were attacked. >> yes, i have just come back from the ground. atrocious scenes from across the cities. people trying

. >> and the unregulated ad hoc experience would more or less continue. >> and if so, protests will, too. in san francisco, abc7 news. >> the sound of chain saws wood chipper in the air today. neighbors say the tree explode after getting struck by lightning. the tree knocked out pou tore homes. >> we don't get a lot of lightning here but there is important information on how to deal with it. permanent structures provide your best protections such as houses, office buildings or shopping centers. structures like sheds are just not substantial enough to protect you. for some protection, cars and trains are pretty safe. if you're inside keep your hands away from metal. part of the rule is when you see lightning count seconds until hearing thunder, less than 30 seconds means that storm is within six miles and is dangerous. look for shelter. second part of the rule, that means 30 minutes, that is how long to wait to leave after you hear the last clap of thunder. we have more information on lightning and how to protect yourself from it on our home page. >> officials found no evidence of a m

and unregulated tax preparers, that's one reason people see higher audit rates. there are companies that file your taxes for free if you have an adjusted gross income of $50,000 or less. back to you. >>> thank you, sam. the fallout continues tonight in the case of a san francisco man shot and killed by police last month. the family is now suing the city. supporters of the family gathered in city hall today. he was shot on march 21 at a park. officers were responding to reports of a man with a gun. police say he raised a pistol taser and officers opened fire killing him. the family has hired high-profile john burris who argues the death was not justified. they say that they also mistreated his family. >> instead of telling them about the death they began questioning them, interrogating them. they did not know why they were being interrogated. and after this interrogation, the police then asked if they could search alejandro's room. >> the police chief argued that the shooting was justified because the officers feared for their lives. >>> san francisco's jewish com

allow to us build the regulatory framework to bring order to the system that right now is visually unregulated will give us the ability to regulate the impacts the positive and negative ones. i know there wish many larger issues her i appreciate that this board is doing to he'd the larger issues but we know what's before us there is the adequacy and the appropriateness for the review for this politely this exemption is one we use to elevate the pedestrian and other projects that's a valuable tool to test to develop the policies and programs. i thank you i'd like to take this opportunity and ask ms. pain to quickly walk you through did program chevy covered it and we'll answer questions >> thank you members of the board of supervisors. as a presentation could you, i don't know who to direct it question to. before i start i'll say there are slides i'm going to go quickly through since we've covered the content but i'll be happy to return to if you feel they demand additional attention. the counterpart shuttle shoekt as not new to san francisco it enthat you see shuttles that i employers and inst

just in the medallions and 15 millions in fees yet nothing is being done to protect us from the unregulated taxis. how much did they give the city from using our roads and parks and it's documents over 4 thousand. when the taxis can't operate anymore who is going to take folks to the hospital. and i'd also like to bring up the issue of public safety. the t nc have been required to purchase insurance they've taken their license plates off you'll see that so how can traffic laws or bridge tolls or parking violations they're a big question of who's driving the vehicles as hoover and lift sidecars are being rented out. so i see young woman hoping in the cars they don't even look to see who the derivative is and how are the taxis supposed to service the ball park when black cars and limos are blocking and we pay for the after hours club 90 the fifth block is blocked so we can't get there to serve the patrons >> before i call the next speakers i have two cards. yeah. go ahead. >> good afternoon supervisors taxi driver. i'm not going to say that is a cab driver association because cab driver are o

warn says fish stocks are being depleted by unregulated foreign trollers. >> i'm in boston and one yearfrom the marathon bombing a traditional event takes on a new look. >> plus all the sport, we will find out who is up and down in the nhl playoffs. ♪ south korea president condemned the actions of the captain and crew of the sunken ferry as an act of murder. four more crew members have been arrested as divers continue to retrieve bodies from the wreckage and harry faucet reports from jindo. >> reporter: the man in cross hairs of anger like no one else in south korea and from 2010 it shows the captain at the helm of another ferry on the same route. >> translator: as long as you follow the directions given by crew attendants i think the ferry is safer than any other transportation. >> reporter: four years late their is what hundreds of passengers did, obeying instructions to stay put as the ferry sank and the captain was among the first to be rescued and in south the vice president spared nothing in condemnation of the captain. >> translator: above all the conduct of the captain and some

tonight but after hearing and being here 8 hours tonight it is important we work together and have unregulated shilts going on throughout the city we lose the data it's important we know it's important to have, you know, transportation and in which people aren't riding alone i got any driver's license when i was 21 her in san francisco i don't need a driver's license number but if you are going to the peninsula you do. and see what i'm saying i really urge you guys do consider it and keep the pilot program it's important to continuing the model between the city and the tech industry to work together. thank you. next speaker. >> good evening. i'm verona i work for golden i'm a resident of district 7 i was born and raised there i came back to her i love this city i take the shuttle and ride is daily there's been comments can't people take muni and shuttles they're not inclusive. i just urge you to deny the appeal and allow the program to move forward to collect the data we need toad insure that program is the impacts are mitigate and even though people are commented to work together. thank you.

many adult americans remembered the hardships caused by inflation during the unregulated economy of world i. the cost of living then spiraled up more than 100%. every worker and resource was precious. military and civilian needs competed with no referee but the price system, so prices shot higher. as another and potentially greater war approached, president roosevelt prepared to initiate price controls. but the job of planning and controlling the economy was anything but easy. the roosevelt administration chose john kenneth galbraith for the job. we had a couple of dozen people and the task of taking charge of all the prices in the economy. in my more mature years, i would have been appalled. at that time, i thought the right man had been selected for the right job. how does one select which prices to control? the original idea was to control those prices where the war had brought something into very short supply. then we'd ration. we'd let the market take care of other prices, keeping demand equal to supply. that proved totally impossible. one had to control all prices, and we did. price

it is an unregulated environment with respect to these products. we think that the fda can and should have a role in the oversight of these e-cigarette products and other tobacco products, as well. >> so that's the bottom line to get to your question, tamron. what took them so long? they believe that nicotine is a product of tobacco and therefore they should be able to regulate it as they regulate tobacco products, but because they haven't regulated this at all up until now and because it's grown so quickly they call it the wild, wild west of really an unregulated chemical product that's been out there on the market. they now want to take the first steps to understanding what are in these e-cigarettes and decide if there is a health risk at all. >> all right, tom. we'll see what happens next. greatly appreciated. >>> new reaction to the yankees pitcher being accused of using pine tar and this is not the first time he's been accused. >>> there was a substance on his neck. you could see it. i can see it from the dugout. >> maybe it was shaving cream.

the united nations is concerned that unregulated fishing by foreign trawlers will deplete fish stocks in territorial waters. >> they have the greatest fish stock in the reason because of the nafrt, the arcy pel ago, the mon groves, it's under threat, with illegal foresting and fishing. one day the peel will no longer be able to fish even in that territorial waters. >> the fisherman says the foreigners and their big ships can go deep into the ocean to get the big fish. these people that don't have the equipment can't. it's hoped that the government can protect fishermen from fair competition. . >>> venezuela's national guard fought with demonstrators in a peaceful rally. protesters responded by throwing rocks, to tear gas used to disperse the crowd. >>> runners are preparing to run in the boston marathon. security hats been increased for the first race since the bomb attacks that killed three people. alan fisher reports. >> reporter: the memorials from the boston marathon bombing were not hard to find. the images from a year ago are seared in memory. two bombs ripped through the crowd

it's mostly unregulated and a multi-billion dollar industry.tinuing our special series, your secret's out, here is america tonight's michael oku. >> where you shop, what you buy, how would your children are or whether you might drink too much. you would think that's all private information, but you would be wrong. these personal details are being collected, categorized and bought and sold every day by data brokers. >> their biggest business is gathering tremendous amounts of data on millions of people. >> brian crebbs reports on cyber security for his blog. he says when it comes to big data, brokers hold the keys to the kingdom. >> they know what i buy, whether it's under wear, shoes, cars, houses. >> absolutely. >> so they know in most cases more about me than maybe some of my friends or relatives do. >> they know more about you than you know about you. >> adversaries everywhere. >> at the world's largest information security conference in san francisco, the buzz was all about keeping your data safe from malware and other cyber threats. pam di

this is completely unregulated. anyone can buy from a private party here without going through a background check. private sales can be completely anonymous -- no id, no background check, no records. >> critics call this the "private sale" loophole, an estimated 40 percent of gun sales that are largely invisible. >> we'd been told that south carolina's weak gun laws contributed to its high rate of domestic homicide. so our crew took a hidden camera to a gun show to see if buying a gun illegally was as easy as sources said. licensed dealers are required to run federal background checks and keep records of sales. we'll stop at a private sellers table >> what's required for the purchase, what do you need from us? >> show me you're a south carolina resident and show me some money. private sales between individuals must be done within the state. >> within the state? >> i can't cross state lines. >> this is $325 and this is $600... we find another group of private sellers, and pick out a handgun. >> is cash all right? >>

>> got a long way to go to get a lot of this stuff under control in basically what has been an unregulated environment. >> the proposals will likely not take effect for several years. >> the san francisco 49ers new stadium is not quite finished yet but the impact already being felt. south bay businesses expecting to see some big bucks. >> reporter: when you say you want a room with a view at the hilton hotel in santa clara these days, the view is probably of the new stadium, the $1 billion plus facility has been generating a lot of interest since construction began about two years ago and now with the announcement of a 49ers moment schedule as well as other events, the stadium is ready to generate revenue for local hotels. >> within about five minutes after the schedule got posted, we started seeing movement with reservations, moving forward for september, october, november, december. december 28th, three days after christmas, it normally would be dead for the city, for the hotels, for the restaurants and everything. it's going to be full and busy. we'll set out. >> it isn't just the dates

. >> it is an unregulated aspect of the products, we believe the fda should and can have a role in theperating of the e-cigarette and other tobacco products as well. and that is why we're moving forward today to try to make sure that we can extend our regulatory authority. >> and the fda points out the nicotine in the e-cigarettes are addictive. and the report shows that others are concerned about children will use the e-cigarettes before moving on tobacco. >> others report this is a $2 billion industry. the fda proposal today does not necessarily mandate any new changes but it does put the fda on the road to regulating this fast-growth new business. >>> coming up a day after apple wowed the street with a big stocks blitz, buy-back and earnings is the stock now more attractive to investors. that story next. >>> four tech giants have agreed to settle allegations of conspireing not to poach each other's employees, no terms have been disclosed, but apple and adobe, among others, settling the lawsuits with over 6,000 plaintiffs over back door agreements not to start a stall war by hiring a

business development corporations, master limited partnerships, we have reits, all of which are unregulatedhey are picking up market share dramatically from the banks. >> we know that mortgage originations are at a 17-year low. they are not going into some shadow banking industry, right? >> right now the cost of originating a mortgage at a bank exceeds the profit. and you can see this in the numbers. basically, banks are not making money originating mortgages so they are pulling back from the market. if you take the total loans in the commercial industrial area, if you go back to 2007 and take a look at the growth of the banking assets. banking assets have grow 13% to the present time. bank loans are down. so the loans are being made by other companies, and those companies are not regulated. so what the regulators have done is they think by overregulating and putting punitive moves in terms of what the bank is doing they are stop or eliminate risk. they are not doing that. >> but it was the big banks that did the risky things that lead us to the trouble. >> if you took a look at the statist

business development corporations, master limited partnerships, we have reits, all of which are unregulatedy are picking up market share dramatically from the banks. >> we know that mortgage originations are at a 17-year low. they are not going into some shadow banking industry, right? >> right now the cost of originating a mortgage at a bank exceeds the profit. and you can see this in the numbers. basically, banks are not making money originating mortgages so they are pulling back from the market. if you take the total loans in the commercial industrial area, if you go back to 2007 and take a look at the growth of the banking assets. banking assets have grow 13% to the present time. bank loans are down. so the loans are being made by other companies, and those companies are not regulated. so what the regulators have done is they think by overregulating and putting punitive moves in terms of what the bank is doing they are stop or eliminate risk. they are not doing that. >> but it was the big banks that did the risky things that lead us to the trouble. >> if you took a look at the statistic

is concerned that unregulated fishing for foreign trollers will deplete fish stocks in the country's >> because of the nature and mangroves but that is under threat with forest cutting, with illegal fishing, one day the people will no longer be able to fish in the territorial waters. >> reporter: the foreigners and big ships is go deep in the ocean to get the big fish and locals who do not have the equipment cannot. he hopes the government can protect fishermen here from what he calls unfair competition, catherine with al jazeera. >> thailand spent years developing solar energy and the industry is so successful countries from across asia are looking to follow thailand's lead and scott sent this report from the city there. >> reporter: thailand is known for its plentiful sunshine and fuels the tourism and feeds the cultural industry but now they are on the path to be a global leader in capturing the sun's strength to power the nation, with less pollution than gas or cole power plants there are clear things for the environment but reducing energy important ports from the southeast asia

the same is true of the media, which is highly unregulated and encites violence against state institutions. >> in libya anyone can own a newspaper, a radio station or a tv channel, and they can send out virtually any message they like true or false because there are hardly any legal restraints. since libya's revolution three years ago, more than 50 television channels and hundreds of newspapers and magazines have opened up. some broadcasters are based in other arab states. all this with elections likely within three months. armed groups are refusing to surrender their weapons, and the government can't control law and order. >> it definitely wants to affect the election and wants to affect the drafting the constitution. big militias are taking the sides officially or unofficially of the debate. you have a very, very dangerous mix here. >> reporter: backs at the tv station, the staff are under constant threat, but their resolute about carrying on with their work. >> translator: even the average sit sfwlcitizen is afraid to go street, so you imagine what it's like for a journalists telling th

back in 2006, they've gone unregulated. the federal government wants to change that. >> right now, it's like the wild, wild west in terms of what people are doing. the products are evolving with no regulatory oversight and being marketed in ways that are very worrisome. >> reporter: this morning, the fda is proposing new regulations for e-cigarettes. under the new rules, e-cigarette sales would be banned to people under age 18. a warning label would be placed on the devices. and e-cigarette manufacturers would be required to tell the fda what's in their products. >> we don't have the answers we need about e-cigarettes and their role in the marketplace and their role in health and disease. >> reporter: public health officials are especially worried about protecting children. e-cigarette manufacturers use flavors such as bubble gum, pineapple and vanilla, flavors that could attract kids. the proposal would also place pipe tobacco and cigars under the fda's authority to regulate. for now, the fda is not seeking to ban marketin

the worst thing would be if it was unregulated and people pick the candidates who were no more than marionettes somebody else. >> it is possible that we could see a shift because of the use of technology and various other means? we are devoting as much talking about the latest television gadget as we are talking about political campaign reforms. you have to do with the situation as it exists. is it possible that people will just by pass the traditional methods of political cohesiveness? it will go online, they will create their own groups. >> that is a fascinating thing. before there was social media, the used to call it grassroots door to door. now, the new grassroots door to door, they might not be next-door but they are in your inbox and in your e-mail. the more money you get chasing the more commercials, after a while, people get tired of that. >> i looked on amazon to see on the website. that must be very gratifying to you. >> word spreads and the world is changing. most of those changes are positive. i would like to see a little bit less politics. >> america's fiscal constitution, what is

the industry is basically unregulated in the state and illegal under federal law.till, voters in colorado and washington state recently approved recreational use. a new poll shows californians are divided on legalization. governor jerry brown recently voiced his opposition on nbc's "meet the press." >> how many people can get stoned and still have a great state or a great nation? >> a new book called "weed land" by "sacramento bee" senior writer peter hecht explores all these issues. scott shafer spoke with him earlier. >> peter hecht, welcome. >> thank you for having me. >> it's been nearly two decades since voters passed prop 215, legalizing medical marijuana, and it seems like here in california, it's sort of the wild west with marijuana being very lightly regulated, very little oversight. how did we get to this point? >> it's really a remarkable story. california was the first state in america to legalize marijuana for medical use, and at the same time, essentially allowed a billion-dollar industry to morph and do so without rules. so, all of a sudden, californ

. >> and kind of unregulated ad hoc experience now would more or less continue. >> in san francisco, abc7 news. >> a new kind of atm made it's debut in silicon valley today. it allows people to buy, and sell bit coin. how this may help spread the use of the occurrency. >> it takes a different kind of atm to let people buy, or sell bit coin. one step required is a scan of the palm. >> using a palm feature. i don't think anything could be wrong with it. >> you don't think it will get on the wrong hands? >> no. >> the goal to make it accessible to more people. more atms are deployed. >> in october, and subsequently, they have launched austin, boston, here, california and ten overseas so they're expanding. >> as you can see on the atm screen, the value fluke 2008s. it's priced up $1,000 p december. trading at $458 dropping $100 when the irs decided users must pay taxes on appreciation when spent. mark nicole says this will require users to keep better records. it may lead to state sales taxes on bit coin purchases. despite that, the deployment has users hopeful use will owe grow. >> now,

. >> and kind of unregulated ad hoc experience now would more or less continue. >> in san francisco,. >> a new kind of atm made it's debut in silicon valley today. it allows people to buy, and sell bit coin. how this may help spread the use of the occurrency. >> it takes a different kind of atm to let people buy, or sell bit coin. one step required is a scan of the palm. >> using a palm feature. i don't think anything could be wrong with it. >> you don't think it will get on the wrong hands? >> no. >> the goal to make it accessible to more people. more atms are deployed. >> in october, and subsequently, they have launched austin, boston, here, california and ten overseas so they're expanding. >> as you can see on the atm screen, the value fluke 2008s. it's priced up $1,000 p december. trading at $458 dropping $100 when the irs decided users must pay taxes on appreciation when spent. mark nicole says this will require users to keep better records. it may lead to state sales taxes on bit coin purchases. despite that, the deployment has users hopeful use will owe grow. >> now, there is,

the markets for coins are unregulated. buying carries some risks.e cannot predict future performance. the information presented is