looking at when he look at some of the addressed investments can he track it and see what it saves us long term. i think if you have the deferred maintenance it costs that much more. i guess i'm looking another to get addressed support so we can see how much we're saving by funding those projects sooner rather than later >> the capital side of thing the - i had a note in here on one of the slides. there's about 20 thousand pieces of information. there's just so much and we do track all our maintenance and when those get more expensive it's backed into the software. it's a long term planning horizon doesn't afford itself that way. we don't do depression >> ports our systems does have the ability to provide a profit and loss statement and we've been getting the data on the cost side numbers. so we can see investment now does it safe costs or prevent loss of revenue. you can see both sides and we do this analysis but we're looking to see it more portfolio wide. so when it's red, yellow tagged in terms of cost saving there's operating savings that fell off from capital investment and there's also r

add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long term and how are we able to close the gap here the congressional budget office has looked at what they consider to be the most likely outcome of the ongoing negotiations which, is a marshal implementation of these spending cuts and what you see here are two lines. the top line is out lace as a percentage of gdp or government spending as a percentage of gdp and starting today and going out through the end of 2022 and this is a forecast for the next nine years and going below that is rather a new as a% of gdp and what you take way here is what are we dealing with this budget deficit problem for some time if there is a good side to that, if you can continue to grow an economy, even with a budget deficit, what you are looking at here is gdp but not the way that you are used to looking at it more often than that phot what we talk about d g t we focused on the economy quarter growth range and whether it grew during the quarter this teems you in terms of a absolutely level base basis and reason i

reasons that the anchor is very exciting and they are desire to both accelerate the process and use it as a long-term industrial use that could lower the over all price of reusing pier 48, potentially and also bring other sources of an end user sources to doing any of the work that does need to happen. that is why we are showing 154 on the perform a analysis and on the staff report we talked about 125 to 126 million is what we considered the project infrainstruct stur and so this is the over all capitol sided idea is that will unlock the value of the parcel, and the development rights pavements are up front lease payments and also help to reimburse and pay for infrastructure we are showing that around $54 million and the rest of that money will go into port rents. we are viewing this as an opportunity site is that we are taking there are developers that the market rate of return and we are offering them a form of participation, once we have reached what we see is a fair, and lofty bench mark of $4.5 million for the site and we want them to have incentives for us to get that amount of money and more.

is respectful to what american priorities are, but you have to do it in a way that doesn't hurt us long term. >> it's important to say we've had about $2.4 trillion in cuts from the approved baseline. 1.7 trillion of those are spending cuts. $700 billion are revenue. unless we get back to a more balanced approach, we can't cut our way to national security. we can't cut our way to investing in education, research and development. we just have to get back to a balance, and i think the american people understand that. >> let me ask you, i want to ask you a quick question about chuck hagel and the problems that he's had getting his nomination through, and that is strictly political question. the president knew going in that this would be a tough fight for him, that chuck hagel s not the most popular guy on capitol hill. do you think that the president, and yes, he liked chug hagel and the work from him, et cetera, would do this because they would rather have the republican do these kind of cuts to the pentagon than a democrat? >> boy, i don't think that was his -- he worked for something that wa

group of individuals and organizations and the public to solicit input on best and potential uses for long-term tenancy at the palace. whoa the department intends to commence a competitive bid process, activating the soon to be vacant site with interim tenants:department has been in conversations with those interested in the space from march through august of this year and those range from international arts exhibition, corporate events or events related to america's cup. beginning in august of this year, through july of 2014, the department is proposing to use the space vacated by the exploratorium for the temporary occupancy of town school. town school is located on jackson street. jackson street location will be undergoing renovations this school year. and they need to temporary relocate their facility and they approached the department earlier last year, pardon me, to operate their school just for this school year at the palace of fine arts. i wanted to give you a little bit of information about town school and their mission statement. diversity, inclus and equity are essential core values

long term. i am glad to hear what we suggest said. i worry personally that we do not see as many long term investments as we used to. >> how do you define a long-term investment? >> good question. so, i think the question is, how speculative is this? i will use us as an example. we have a team in this building working on lithium batteries. their goal is to build a battery with 500 miles of range, for obvious reasons. we hope they will have a prototype in the feet next few years. we think -- in the next few years. we think the stars are lined up. that is a long-term investment. >> next question to all of you. michael, we will start with you. we know government is the regional -- at the regional, state, and local level can help or hinder startup companies. what would you like to see from the governments here in the valley, sacramento, or in d.c., that would strengthen the innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the proces

us. >> there's that long term, that's true, concern about what -- how innovative apple is going to be. then, again, wasn't there like $13 billion for -- >> that was my original point. i think as!!9u a ceo. if you don't understand exactly what the investors are thinking, what do i got to do, people? are you not entertained? >> they had a slightly better than second quarter and their stock skyrocketed. >> amazon was slightly worse and there's tanked in both cases looking at the long run. what happened in this quarter is relative to what people talked about. this is one quarter in a century that we're looking forward. what we want to focus on, in d netflix surprise us? are they creating a new market, streaming movies to mobile devices that people didn't think exists? is amazon becoming the leader in cloud computing, starting local delivery? things we didn't think they would do five years ago. >> you know what the other thing is. these companies have shorter shelf lives. they last seven, eight, nine, ten year. >> not necessarily. apple survived as a second-rate tech company despite having

. >> if they have a surplus, they can divert the money into that and save us money, long-term especially economy. >> i can nod their increase but the parking increase is fair because it is discrimination because not everyone has parking. i am against the parking increase. >> the increases that help their long-term budget shortfall they are expecting to have. they say they know they need new trains and they need more trains and that is all going to be expensive so they are plan now and this plan would include rate increases through 2020. the vote is scheduled for this morning. there was not much outcry a couple of weeks ago so it has a good chance of passing. >> 5:36. new this morning, pope benedict bid a final farewell to the cardinals as he prepares to leave the cat van -- vatican and go into retirement. he said he would pray for the cardinals as they choose the successor. around 8:00 this morning, the pope will leave the palace and fly to the retreat. at 8:00 our time, st. mary's cathedral will celebrate a mass of thanksgiving with the resignation officially in affect at 11:00 our time

is a public focused on a long time horizon, you know, longer than our politicians, and saying, we'll reward you for making sacrifices today if they benefit us in the long-termwe don't do that. we reward them for giving us stuff today. >> that's right. well, maybe the public saying they want this done is the public saying, look, we get it's going to be pain, you stupid people down there. we are ready. all right, thanks to both of you. we appreciate it. >>> "outfront" next, money meant for sex abuse victims being hidden by members of the catholic church, some of it in cemeteries. >>> plus, lance armstrong officially the most successf ff cheater of all time. you've been wanting to know just exactly how much money he made while doping. we actually found out. >>> and new developments in the murder case of olympian oscar pistorius. his dead girlfriend's roommate, "outfront." when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood s

everybody go along to get along, but that's not going to be very helpful for news the long run in terms of -- for us in the long run in terms of the long run. so somebody has to be courageous enough to stand up to the bullies. >> i think one thing that you stand out, you are not a fire breather, your an accomplished, well-respected, internationally renowned doctors and one of the most prestigious departments in the prestigious school of medicine. why did you take it to go beyond medical policy and talk about tax policy. >> one of the things i also said during the speech, there will be some people who will say, but you're a doctor and you're a surgeon. you should be sticking to that. and i mentioned the fact that five physicians signed a declaration of independence, and were involved in the faming of the constitution, and the bill of rights and several other things. there's absolutely no reason at all that physicians, scientists, shouldn't be involved in things that affect all of us. we're people who have learned how to make decisions based on facts, empirical data, rather than on ideology, and one o

by the public department or within the department, but really i think a public forum for us to talk about long-term vision for -- short and long-term vision for this department rather than being focused every week on our agenda. >> i'll have to agree with that. i don't know what the form is when we bring it into play, but i would love to see the notes if you had a packaged docket that went along with that, maybe the commissioners might have interest and that might spread the idea of bringing it before us and a larger body. >> commissioner sugaya. >> there was a piece in the paper about other commissions and boards holding annual retreats i think at the beginning of the year. i know there's a noticing issue, but i think sometimes the public realizes that they don't have to show up all the time. anyway, it might be an idea to take into consideration and i think it was -- i forget the commission who -- they do meet here, but they held their retreats, i think it was the southwest community center, and just back on veteran's commons, [inaudible] is sponsoring organization and they were assisted in the d

stand up and recognize and acknowledge that it's the mandatory spending reforms that in the long term will put us in a place of fiscal health so that we can continue the effective and essential functions of the federal government. according to the international monetary fund, to cover current obligations for social security, medicare, and medicaid, our younger generation, our young people will either have to pay 35% more taxes or receive 35% lower benefits. those are the facts. do the math. do the arithmetic. this isn't ideological. this isn't republicans versus democrats, liberals versus conservatives. this is pure numbers, pure math. it's an unsustainable course and it's going to result in a massive decrease in benefits for those who pay in to those programs over a lifetime or a massive increase in taxes on those who have to have that deducted from their paycheck and put into these programs in order to keep them solvent. so we've got to deal with that problem and deal with it now. we should have been dealing with it years ago. we've seen this train wreck coming, and it's getting ever closer. no

but in addition to that, the long-term use of narcotics and drugs also creates things in the brain that damaging. >> reporter: she objects to prescriptions of large amounts of narcotics and claims -- >> there are clients that i've worked with that were under the care of this doctor, and as a result they were very much at risk. their addiction was, again, enabled and perpetuated by the doctor. >> reporter: we were able to reach dr. salerian in texas about an hour ago. he agrees with arthur that addiction is harmful and is aware of that. he said i am opposed of giving people with addiction narcotics. he goes on to say, but there is a way of dealing with the problems of addiction without depriving people of their chronic pain with treatment. his practice left his broke. he closes his practice next week. derek. >>> well, gary, tonight heartache has setted all over the -- settled all over the small town. they're grieving under the loss of two youngsters who died after the -- young sisters who died after a fire. all of this while the father was climbing on to the burning roof fighting to reac

torp petitors are, the pprs, they are our core competitors, they are positioned similar to us, making long-terms in investing marketplaces around the world, where as most of the comparables in the united states, they are much more mass-oriented, they are playing in a different sector than we are. we are the world's leading prestige marketer of beauty. we compete for that luxury consumer who are spending on themselves because she says, i'm worth it. i have the dispoable next. she choosing to spend in our category because it is easy. $35, $40, $50, not a $500 handbag, not a $1,000 necklace. >> how manageable are your input costs at the moment? and what is your outlook for input costs over the course of this year? >> those issues -- we're not -- it's not as much volatile, because the cost factors for us, we have a 25% cost to goods. so, if you realize, when you look at the changes that are coming, those are not going to be very meaningful over a medium term period of time. occasionally, in certain markets, when you have a dislocation in currency, those can have a short-term issue, for example, all

so i hope we move forward with the resolution that allows us to really address these long term issues for the american people. >> i was raised in concord, new hampshire. the youngest of five children. and my family was very politically active. my mother was in the new hampshire legislature for 25 years. and she actually ran for this seat in congress in 1980. and my father served on our executive council. he was mayor of the city of concord and he ran for governor when i was growing up as well. >> annie custer was literally raised on new hampshire politics. heand lped out in many political campaigns during her teenage years. after gruarotian fngm dartmouth and georgetown law school she worked on presidential campaigns for john kerry in 2004 and president obama in 2008. in 2010, kuster ran for office herself. >> a very good time to get involved in the political process myself. so i ran in 2010 and only lost by 3,000 votes in a big republican wave. it made all the sense in the world to run again. >> kuster is a part of the new hampshire matriarchy. she represents her state along with ano

he and i will figure this out for the long term using all the experience we have. we do have tools. we have sit and lie. we have new ideas we will be presenting in the next few weeks on what we can do to reduce the amount of homeless. we believe supported housing is the answer. the challenge is putting in of conditions on the street to force people to make better decisions. many homeless individuals are not making better decisions. they are making decisions that continued their existence on the streets. we cannot have that. we cannot have people feeling more comfortable on the streets than in shelters, transitional housing, or the services we provide. i think we have been providing the services with the help of many of you in this room. and local. wells fargo has been helping us with project homeless connect to the tune of thousands of dollars to get services out there. people are still not making the decisions. we have to use a level of enforcement that has not been seen in the city to force people into better decisions. we're going to exhibit compassion to use that in the right wa

use this as a trade. not the best investment in the world. >> short-term. one or two, possibly three days. you're not supposed to use them for long-term holdings, as tim said. it e roerodes right away. >> doc, good to see you. >> thanks, mel. >> we want to hear from you, meantime. what do you think will be the hottest etf asset class this year? tweet us #insideetfs. be sure to go to etf -- etf.cnbc.com. >> it's all good. >> tweet it out there. >>> dell finishing in the green today. dell out defending the $24 billion deal to go private, saying it is in the best interest of shareholders, so, mike khouw, how are the options traders playing the take at this point? >> it's interesting, because normally what happens when you have these all cash takeovers, you will see options premiums begin to decline. you see a lot of people selling options, options that strike above the proposed sale price. what we've been seeing, the most active options today were the april 14s and more interestingly, the may 14s, we are seei ining opening buyers pg 25 cents. they are betting that the stock will finish above $14.25 or $14.20 in the april case. that

result of compromises in washington that could have been made in terms of finding a way to do our budget in such a way to get us to a longm management of our debt without indiscriminate cuts. so that is what sequestration is and what it means. because of the way the budget is set up, most of those cuts fall on areas that are call discretionary spending because they're not said by a formula set revenues and expenditures like social security, medicare, and others. those are the areas that target the programs that focus on economic opportunity that help the working poor and give average americans a shot and making it. in critical areas, as you said like housing, food security, transportation, even unemployment insurance. so for communities of color and communities hard hit by the recession, it is a nuclear bomb waiting to go off. >> specifically, i think he mentioned as many as 185,000 people will lose section 8 housing subsidy certificates? what are some of the other immediate effects of -- if this happens starting march 1 or march 15 -- in the next few weeks? >> it is a laundry list but some of the critical areas are 125,

when you're investing for the long haul, you have one huge advantage over people using a shorter term horizon. a resource that traders simply don't have the luxury of exploiting. i'm talking about time. as a longer term investor, you have all the time in the world. now when you want to buy a stock that you like because you like the underlying company's prospects and when there are no near term catalysts that can drive the share price up soon, that is a recipe for being patient. you don't have to pay the price the market is giving you right at that very moment, right? you can be patient and wait for the stock to come down to your price before you do this. of course, you're never going to get an all clear signal telling you it's time to buy. you're not going to hear this and then say i know. how exactly are you supposed to know how long you should wait before you pull that trigger? simple -- don't know. there is one of the areas you have to embrace the facts of ignorance. that's why i tell you to buy the stock in increments. loading up gently and over time. we're all ignorant in the end

use which can interfere with hormones. the group also wants more research and policy aimed at prevention. >>> we spend $17.35 billion a year screening and treating for breast cancer. it makes great long-term sense for us to invest in prevention and to reduce that expenditure over the years. >> the gw school of public health held a forum a few hours ago to talk about better ways to prevent breast cancer. close to 300,000 new cases a year with 40,000 women and some men dying of the disease. >> good news if you can move forward with the prevention angle. thank you, anita. >>> the weather is getting a little crazy. snow yesterday. today it was warm and nice. and the weekend, well, you'll have to wait on that. topper will be here later with your forecast. st. >>> how room to grow gives low- income parents the skill and tools to raise their children. i'm randall pinkston in new >>> sometimes we tend to forget everybody is not as fortunate as the rest of us that some folks need a little extra help to give their family everything they need. at the nonprofit group known as room to grow, the focus is on parents who want the best for their kids but need a little help. >> you put on his shoe, you say

long term investing. people let the concept get in the way of investing. if you think it's about making boatloads of money, i can teach you. there's a darker side. i've seen it used as an excuse for poor performance or for not paying attention. it's okay to take the pain. losing money isn't a recipe for making money. losses don't turn into gains if you wait long enough. long term is the excuse, and that thinking will make you a worse investor. being a good investors with the idiotic ideology of buy and hold or as i skeptically dub it buy and forget. rocks? first and most important, long term investing is not the same as simply owning stocks for a long team. in other words, don't confuse being a good investors with the idiotic ideology of buy and hold the notion of being in something for the long term doesn't justify owning damaged goods. the stocks of companies in bad shape and the misguided hook that they'll recover, damaged goods. the idea of buy and hold is once you purchase your stocks, you just wait. me, i never liked waiting. and it also happens to be a terrible strategy. i'm constantly saying you have to keep track of your investments. do that ridiculous,

we know we need to do in the long to in other words what we're doing is really about from the economy what we feel it's the best thing to do in the short term wolf i've used as short term so far how long is the short term going to last well what about the side if stimulating aggregate demand internet economy that doesn't generate any supply in other words an economy is demand and supply supply being the stuff you manufacture export the u.k. if you take out the band in negative export of manufactured goods for something like twelve or thirteen years what one very small bubble recently in terms of cars but the services industry which is financial fraud that they export take that out they're not exporting really anything export except bombs and they go invade people so those supply so they say go stimulate demand demand to buy stuff the manufacture elsewhere it's completely the opposite to make the economy they want to stimulate china's economy that's what they're doing they're stealing china's economy why don't apply for the role of governor of the bank of england well well why would they that's theory you see i mean it's a parliament it's must be democrati

if you think long term investing is about making boat loads of money over years, decades, life times, i'm onboard. that's something i can teach you how to do using discipline that allowed me to make fortunes for my own partners from my old hedge fund. however, there is a darker side to this concept. all too often i see people go long term investing as an excuse, an alibi even for poor performance -- the house of pain -- or for not paying attention to what they own. you hear you shouldn't worry about the losses or profits you're mising in the present. it's okay to take short term pain because you'll make back the money with long term gains. sometimes that is true. most of the time, losing money month after month after month or year after year, that isn't a good recipe for making money over the long term. but a bunch of short term losses don't magically transform into long term gains if you wait long enough. they don't simmer and boil here. yes, making money over the long haul is the ultimate goal in this game. it's become the ultimate excuse, the alibi for short term losses and, believe me, that kind of thinking will only make you a worst investo

there will be short term investors looking at this stock. he wants us to focus on long term. the short term reality is comps are down 30 something percent probably this quarter. the short term is what we have to look at. >> fascinating stuff today. thank you very much for your insight. we'll talk to you later. let's get back to headquarters and the halftime. >>> carl thank you very much. we go to the halftime show. the dow is down a point. one market watcher says the s&p will drop 200 points this year. he'll tell you why coming up. >>> coffee talk, green mountain earnin earnings. up 52% this year. we'll talk to our late traders and the shares of apple up as much as 2% with creditors crediting it on legend mu tall fund bill miller and we're talking with others. what kind of activity are you seeing otherwise in shares of apple? >> it was pretty normal, which means tepid in the first hour of trading even though this was a very active trading stock and option class. the first hour traded 80,000 calls. then, all of a sudden, people started throwing out a rumor judge tim cook had s

and then that will put us in a much better place to actually tackle the long-term more persistent threats and allows us to focus on those. >> host: michael daniel is cybersecurity coordinator for the white house and gautham nagesh is the editor of technology executive briefing here this is "the communicators" on c-span. homeland security secretary janet napolitano said