impact on our nation and particularly our nation's economy, our nation's decision make iing that puts us risk. the problem is our enemies ek nuys that and it is th strategy, the philosophy, of extremists who would attack our country and will cont o do so. they believe that they cannot beat us in the field, but that they can bring us to o news through manipulation. control, destruction, having impact on the cost of this nation. to the degree they can bankrupt us, that would then make us unavailable to react. so it is that potential for manipulation that causes us concern from a national security perspective and i can assure you, because i've been there, when the joa chiefs of staff sit around the table and talk about various options in any scenario these days, it involves the middle east high on considerations as you look at courses of action. our impact on our national economic picture. that has never been the case before. previously, that's always been sort of a sigh and concern that we would have as military men. someone else will worry ability those factors. but today, it is front and cent

low risk to go through an expedited screening process. using that type of security basis, that is why it is absolutely imperative that we strengthen the safety net associated with it. that's why the ffdo program dollar per dollar is probably the most ektive way of doing this as a deterrent and also to stop the threat. >> thank you very much for your time, sir. >> thank you, sir. >> pardon me. my name is mark wise, i'm currently with the spectrum group in washington. i used to be the deputy chairman of security for the pilots at american airlines and have worked with these gentlemen before. in the past, the ffdo program had always been treated as a really unwanted stepchild. it never really had the support from the tsa no matter what the administrator seemed to be. at this point in time, has the fam program becoming a little bit more robust, have they been more supportive of the ffdo program? >> in speaking with the fams, they realize the men and women that are federal air marshals they do a fantastic job. they're on the road constantly. they ha

and last, i'm hearing people catch themselves when they use risk on, risk off jargon. fund speak and know it doesn't fit our network. more about having something to say. to sound smart rather than be smart. back to the weather. we don't know if hurricane season is past or in the eye of the storm or if bob dylan, a hard rain is going to fall. we don't know if we're in a dry season punctuated by storms or if the storms have lost their punch. we do know this. the weather will always be with us. but this year, better prepared. whether it be hurricanes or tornadoes or rain. i can only get away with saying something like this in a day where europe is benign. the weather will stay awful for years and years to come. it seems to be able this year, exploit sunnier days or move operations that can be moved out of places where the weather is bad and into areas where it's good. conference call after conference call, i heard companies move with alacrity to lessen exposure to europe and cut back in such a meaningful way, even financial firms that are most linked to the floods and sto

than ours and that might be different in some case and you're right to say if they stay beneath us the risk shifts. we haven't helped the problem. if we respond lowering our standards to there we'll get ourselves 18 mess so it's a difficult balance for us to strike. but in general, it's not quite right to say that the europeans aren't adapting a similar basic fra framework. the british are doing a more radical separation of retail from whole sale. and of course -- >> i wish we had more time. thank you. >> the chair recognizes the gentle lady from new york, miss mccarthy. >> thank you, mr. chairman. i appreciate the opportunity and i'm sorry i apologize for not being here on your opening statement but i did read it. recently the european acted to restrict the service of secure financial messaging to the iranian banks that had been sanctioned by the eeu, as a result the society of worldwide interbank telecommunication or swift and to be honest with you, you need to explain that because a lot of people don'ts know what swift is. discontinue service to these banks. and i appreciate what you've

the environmental health trust says it reviewed the study and found that cell phone use doubles the risk for brain tumors in children and teens. the trust called the original conclusions sloppy and argues the data actually shows children who use cell phones increased their risk of cancer by 115%. there have been more than 30 studies on cell phones and cancer, but none has had concrete results. >>> in "news 4 your health," a study says a brolinjection may double the -- a brolinjection may double the risk of breast cancer. depo proviarrow has been on the market for 20 years. more than 2,000 women were studied, roughly half of whom had breast cancer. they found that women who had received the injections were twice as likely to have been diagnosed with breast cancer than women who never used it. the risk appeared to fade several months after stopping the injections. >>> a popular juice company is recalling drinks after customers had severe allergic reactions. odwala is recalling their chocolate protein monster drink. at least four people who have peanut allergies have experienced allergic re

. >>> and scientists are questioning last year's study on the health risks of cell phone use among childrening that the risk is far greater than initially thought. the environmental health trust claims that the research actually shows cell phone use more than doubles the risk of brain tumors in children and adolescents. abc's dr. richard besser will be joining us on "good morning america" to sort through all of these new claims. a lot of questions coming out after this. >>> we now turn to the scandal still rocking pro football. paying players for punishing hits on certain opponents. our partners at yahoo! sports uncovered a recording of a new orleans saints coach graphically telling players to inflict some terrible injuries during a playoff game. for more on this, here's abc's josh elliott. >> reporter: even in the brutal world of the nfl, america's unquestioned secular religion, the words are a stunning sacrilege. you're listening to gregg williams, firing up his players before a january playoff game before the san francisco 49ers. the tapes, recorded by a documentary filmmaker and first o

risk of developing lung cancer. new study backs up a number of previous studies linking regular aspirin use to lower risks for certainancers, including colon, prostate and esophageal cancers. experts say it is too early to recommend widespread aspirin use to cut cancer risks. >> back to that asteroid story, did you say four kilotons? >> that the equivalent. >> 25% of the hiroshima atom make bomb. >> that puts it in perspective. -- >>> in oakland three shot overnight, one an innocent victim live with the change in strategy such crime can force police to make. >> san francisco's ethics commission sets the ground rules for ross mirkarimi's suspension hearing. the defense strategy that could dag the proceeding out for months. >>> apple -- apple set to announce blockbuster earnings. who is losing money as apple sells more devices? hey guys, breakfast! ♪ [ female announcer ] if whole grain isn't the first ingredient in your breakfast cereal, what is? now, in every box of general mills big g cereal, there's more whole grain than any other ingredient. that's why it's listed first on the side. from honey nut cheerios to cinna

in working through this issue, we must find ways to mitigate risks associated with the potential malicious use of durc while allowing for open and unfettered investigation by our scientists and laboratories. at the end of the day, the durc issue comes down to a risk/benefit evaluation of whether the balance is in favor of sharing the information for the good of human kind for public health, medical or biotechnology advancement versus the potential for misuse. ultimately, the international life sciences community must appreciate the durc problem and internal eyes these concerns while developing and conducting research. in this regard, the h5n1 papers have serveds a necessary wake-up call for the life sciences community. thank you for giving us the opportunity to testify today, and we look forward to your questions. >> thanks, dr. gerstein. just while we have you, and while it's on my mind. clarify for the record and for me what the role of the department of homeland security is with regard to dual-use research happening outside of dhs grantees. >> well, senator, we sit as part of the inner agen

us. the risk/reward ratio i think strongly argues against military action. so i think the difference between the two of us is largely one of degree. you see the threat as closer and bigger. you see the risk of military action as lower, and the benefits as higher. and i come to different conclusions on almost all of those things. i think we can wait longer. i think we have other options. and i think if we do this we should go big or not at all. >> that would be go big or go hom home. ar stay home in that case. >> right. >> i want to jump back in with a question. i've always wanted to ask this question on this subject, and it involves deterrence. president obama's the guy who made the call to go get osama bin laden and bin laden is gone. do you think that that in and of itself might be a deterring factor on iran or at least make them think twice about what they want to go and do in terms of maybe provoking a military strike? because, after all, the guy sitting in the white house is the guy who said, yeah, go get bin laden. is that any kind of deterrent? >> well

the committee gave this item a positive recommendation and there was much discussion about the use -- youth riskurvey and the results of it. it was also the recommendation of the committee that the speed -- that this item be heard also at the budget committee. cracks i wanted to add to the report of the rules committee -- >> i wanted to add to the report of the rules committee because this was initially brought by natalie davidson, who saw that our existing policy was woefully inadequate. and the commission drafted some language that the staff -- and i really want to thank kevin troy, ken coates, and debra for putting a lot of time into this. >> are there any public speakers for this item? >> i want to add one more thing. >> go ahead. >> i have it here. i will not read it, but i hope all the board members have gotten the memo about the credential in the issue about the health education teachers. there have been some changes. we have some teachers who will need help. there are requirements for what kind of credentials to teach help you need have changed. hopefully everybody has the appropriate cr

how were the risks mitigated? it would be useful to learn as much as we can from the risk management process. how were risks assessed? going forward, the success of the durc policy will depend on these issues. third, attend to the regulatory burden. this new policy will add another process to be navigated by a scientific community that's already navigated. we have to make sure we don't impose such a regulatory burden that scientists can't continue their important work. to this end, i recommend asking to examine the existing regulatory burdens on u.s. scientists. and last, reaffirm the rule of nassb. it deserves a lot of credit. for its work. nassb members have done substantial public service and prepared valuable guidelines and spent energy, intellect and time on this debate. independent and strong nsabb could have an important role in durc policy implementation going forward, i hope the nsabb will rarely be in the position of getting invited in process after manuscripts have? been submitted. i think we all agree in this room -- the

you know, bankers want dairymen to use hedging tools to trade with milk contracts and risk managementl more confidence in lending them money. but here in california, dairy farmers have turned sour on the whole idea. california is the nation's largest dairy state, but california sets its own milk prices, which are often lower than the federal prices, which is what the cme trades on. why is that? well, dairy farmers here say they're not fully compensated for way, used in making cheese because they don't use it in california the way processors in other states do. farmers look to the class three milk price on the cme, which for april closed at $15.73 yesterday. the california price is more than a dollar less. and the milk contracts aren't that liquid. so dairyman jerry bledsoe has tried to use the hedging tools, but there's so much disparity, he's giving up and hedging using corn instead. >> i can tell my bank that i'm using risk management, but if the risk management tools that are available don't work, i'm still going to lose money and lose equity. so we need these tools to be -- we nee

risk is cancer. robert bezel is here to tell us more. >> most women have gotten the message that long-term hormone replacement medication increases breast cancer risk, but some doctors have raised the possibility that alone, may not raise the possibility for women with hysterectomies. this latest study shows that all long-term hormone use, especially ten years or more, increases risk. women should talk to their doctors, but most experts agree that women should only take hormones to treat the hot flashes and for the shortest amount of time. >> thanks. >>> still no word tonight on the identities of at least three winners of the mega million lottery. in maryland, illinois, kansas. the jackpot is worth more than $640 million. reality quickly set in for the losers and today in redbud, illinois, where one of the famous tickets was purchased, they were printing t-shirts for everyone else that read yes, i am from redbud, no, i am not the winner. >>> and in lexington, kentucky, things turned ugly after the university of kentucky beat louisville in final four basketball in new orleans. thousands of fans took to the str

the environmental health trust says it reviewed the study and found that cell phone use doubles the risk for brain tumors in children and teens. the trust called the original conclusions sloppy and argues the data shows children who use cell phones increase their risk of cancer by 115%. there have been more than 30 studies on cell phones and cancer, but none has had concrete results. >>> a popular juice company is recalling one of its drink after some severe allergic reactions. odwalla is recalling its chocolate protein monster drink. they say at least four people who have peanut allergies have experienced reactions to the drink. all 12 and 32-ounce bottles with enjoy by dates before may 23 are being pulled from shelves. odwalla says people with peanut and tree nut allergies should avoid the drink and say they are working with the fda to discover the cause since the drinks don't contain nuts. >>> today is one of the holiest days of the year with observances of good friday and the start of passover. good friday is a solemn day for christians commemorating jesus christ's death on the cross

risk in pakistan gets worse. and then a point that my colleagues mentioned, it's a huge propaganda and moral shot in the arm, to use a simply fied term, jihadist. the second superpower defeated god is on our side forward to victory, i don't know where that plays out, but if you think that's a risk that's not a risk, then i think you should think twice about it. it is possible that we will fail. i will say the margin for a kind of messy success is quite narrow. and it is narrower now than it was a couple of years ago. and some of that is our own doing. i would like to propose, though, that the debate about this needs to deal with two basic questions.

on and just compare them with the numbers that they report on the one divided by the others of us of risk. so we did the frank who told you no way too many people off the market so i'm not going to construct myself probabilities are. not a problem or that you know well all i did was i told them what to do i said look i'll tell you what to do i'll create the questionnaire. based on the ones i've done and even for an iraqi team recruited by chris busby and the task was complicated some places they were to think of it not because they sort of from the civil service of the state or something so that we had to start sending people around with some. local person that everybody knew consulate or something and after that it was ok and we just finished it when the iraqi government found out about it and then they put out something on the television saying that the terrorists and anybody who answered the questions was as joe. it is too late you've done it using . on top of the questionnaire chris busby asked for samples of soil and water samples of residents here were also taken the test results ar

using their leverage. >> mike khouw, thank you very much. mike is doing a risk reversal. this is a bullish strategy where you sell a put and use that money to buy a call. the goal? you want the stock to rise above the strike of the call bought. however, it's not all good, and since you're short that put, you must be willing to buy the stock. that said, mike, what is the trade? >> i'm looking at here, going out to july. i'm going to sell the july 11 puts and use those proceeds and collect some of the extra money i'm getting and buy the 13 call for 20 cents, so i'm going to collect 20 cents, over a three-month period, annualize that, and down side is obviously if the stock trades lower, be forced to buy it at $11. and down about 7% or so from the stock currently trading. you might say that doesn't seem like a very big decline. the stock basically hit a low within the last 12 months or so, i think on that chart was just below 940, but the fact of the matter is if you're making a bullish play, would you rather buy the stock right now or collect a little over 1.5%? >> i think t

in addition our broader enforcement activities have benefitted from a more sophisticated use of risk analytics to identify and act on suspicious actions earlier. we implement add risk focused examinations program and completed over 1,600 oversight exams. this strategy resulted in both improved guidance to the financial industry regarding risky practices and an actionable information for sec enforcement investigations. we implement add new whistle-blower program providing high quality information regarding difficulty and hard to detect wrongdoing and we improved our internal financial controls which resulted in a gao audit opinion for fy 2011 with no material weaknesses. sec staff with the assistance of targeting contracted expertise implement add number of internal reforms designed to improve the agency's structure, strengthen capabilities, improve internal controls and enhars worse forecompentencies. finally, we have used external hiring opportunities to fill strategic vacancies and obtain specialized industry expertise in the areas as diverse and computerized trading and structured

on different financial models so that government funding, foreign assistance funding can be used as, say, risk insurance can be used to cover the differential or the costs that are perceived by the private world as the costs between what it's going -- what would they do in a normal market, is this a troubling market, is there a delta there that has to be covered, and we would cover that with some kind of public financing. there are lots of different new models on that coming out. that's going to be one of the most interesting, one of the most interesting features of, again, the very close relationship between the world bank and the u.n. system in trying to figure out how to finance this very ambitious set of goals. >> yeah, that's going to be a very good segue. keep that in your minds for when we come to the next session. let me just say a word about the question on oil from our colleague from mexico. oil and natural gas. i was reminded, tanzania has just had a huge discovery of natural gas. and of course brazil is about to have come on board very soon a lot of oil for the global market. for d

for, if you have more than 50 moles on your body, any blistering sun burns put you at risk, and anyone who has used a tanning bed more than 50 times, all of the things add up. while fair-skinned people are most susceptible, even people with darker complexions are at risk, too, and when darker skinned people get skin cancer, their outcomes are not as good. >> the numbers and the demographic make it so scary today. nancy, as always, thank you. >>> we'll take another break here. when we come back, what the experts are saying tonight about the nation's airlines that may come as a complete shock to the flying public. he >>> whoever's holding the three winning tickets in the record mega millions jackpot is keeping a low profile for rich people. we know the tickets were sold in kansas, illinois, and maryland, but tonight, no one has yet come forward to claim the winnings, which by the way, have gotten even bigger -- now $656 million. meaning each winner will receive $218 million before taxes. >>> the folks who track airline quality tell us u.s. airlines are performing at their highest rate in 22 years, th

hundreds of studies from the past 15 years and say there's no definite links of cell phone use to cancer risks, brain function, or infertility but scientists say that more studies are needed to determine the potential long-term effects. when flying, what is the best seat on the airplane? cheaper for the aisle or the window? >> i am a window guy and the survey says ... says window seat. that is what people said in a new poll. the majority of travelers said they like to sit in the first six rows, why? first class. first off the plane. only 7 percent liked the back of the plan. a window seat with a view is the most popular and the least favorite spot of course is being stuck in the middle. only 1 percent likes those. i would like to me those people. >> i like to see where i'm going. >> i do too. a prickly situation over one,,,, >> we're going to make some sicilian fish stew. the broth is made from the bones of the different kinds of fish. tomatoes, fennel, garlic, olive oil. >> this dish calls for olives and dried cherries tomatoes. at the fish we are using is red snapper along with some shellfis

use. the greatest risk children are facing today according to a field poll.hardest to track the problem. >>> and fall out from the berkeley protest, the controversial allegations made today on how the case is being handled. >>> we reveal the the solution giving a boost to businesses and local schools. tonight on ktvu channel 2 news. my house is where plants came to die. ♪ but, it turns out all i was missing was miracle-gro potting mix. it's got what a plant needs. even plant food that feeds them for up to 6 months. you get bigger, more beautiful plants. guaranteed. who's got two green thumbs thanks to miracle-gro? uh, this gal. boom! everyone grows with miracle-gro. boom! >>> tonight we're getting the first dramatic firsthand account of what happened on board that yacht when it was hit by a monster wave in the pacific. we've also just received new video shot from the mast of that boat. ktvu's sal castaneda is here now and tells us what one crew member thought just before that huge wave slammed into their boat. >> reporter: this right here is the boat in quest

risk is far greater than first thought. research just published by the environmental health trust shows cell phone use doubles the risk of brain released just last summer. the latest report shows cell phone use is increasing and that young users are more susceptible to brain tumors than adults. >>> it could be a very special homecoming this weekend for a new jersey man. he nearly died after being injured in a freak accident involving a nail gun. abc's kenneth moton has the story from camden. >> reporter: with a name like dennis hennis, this new jersey man has some funny stores. >> you know, all the good stuff. >> reporter: but there's nothing funny about the story he told us. saturday, the 52-year-old self-employed builder was doing some work on a neighbor's roof when his nail gun jammed. >> like i've done 100 times before, just undo it. but it wasn't going so well. i had turned it a little too far and pop. felt like somebody poked me right in the chest. >> reporter: that's right. a 3 1/2-inch nail shot right into the man's chest hitting the right side of his heart. hennis held on to part of that nail as he waited for paramedi

you know what the risk is to the president. tell us. >> the risk is that the president, they are there as an advanced team to ensure his safety. no question about that but they were not on his specific presidential detail. they were there two days prior on their own time in colombia. prostitution is not a crime. >> the secret service own website talks about how comprehensive protecting the individual is and the advance team is part of that whether they are -- these guys are on metal detectors. >> no one was placed in danger. the president was safe and everyone else. >> how do you know that? what do you think these women are doing. they could blackmail the secret service agents and say i'm going to call your wife if you don't give me x and y. >> i think it was improper and inappropriate but i think the punishment needs to be proportionate to the offense committed. throw them away. resign from your duty. >> judge jeanine: do they have a right to do what they want on their own time? >> i would suggest to you they do. >> not before he land

first is the concept of enterpri enterprise risk management. we're using this as a broad-based concept that a regulatory agency and specifically in this case fda needs to look at all of its operations. it needs to assume that with 80% of aprs not produced in the u.s., with 20 million import lines coming, in essentially you can't differentiate between domestic and international and therefore you need to start thinking about how you regulate resources. and resources are not just inspectors in a foreign country or the number of inspections but it also has to do with budget specific training dollars, where is that money being spent, how is this being spread to the risks that are occurring. one needs to really look at the agency that was created and existed for an era where there was domestic production and there was domestic consumption. there's been a lot of changes over the last 40, 50 years. but now to get to a point to be adaptable. it has to be responsive to current problems. another aspect we realize in developing countries is the whole concept of profes

mean tens of millions of dollars in additional cuts to phe ity, transportation safetyyann it puts us at risk.ii putting the finishing toucheson his own budget..nd he's also worriiddaboutthe loss... of state aid. (kamenetz) "and if the staaee does not give that money than we are now n the position of deciding do we make up the gap pnd how much can ww afford to also failedd..tooapprove the shifting of funding teachers' pensions...to the counties. kamenetz...issstill racingfor ttat financial hit...butthe's hoping to hood county taxpayers harmless.(kamenetz) "thhs is my 8th year in county government, we'veenever once raised the income ax, we never once raised the property tax ratt."(rydell) "many local leaders are ow connacting governor o'mallee and urging him to call lawmakers back into special sesion between now and june so they can revise) "pllaae resolve these final decisions sooner ratter thhn lattr."in towson, john ydeel, still no wooddfrom govenor oomaaley on when...or if he plans to all for a special sesison....o address the budget problems. concern../ about... cutbacks.../ in... baltimo

first is a concept of enterprise risk management. we're using this as a -- as a broad-based concept that a regulatory agency and specifically in this case fda needs to look at all of its operations. it needs to assume that with 80% of apis not produced in the u.s., 20 import lines coming in, essentially you can't differentiate between domestic and international and therefore have to think about how you regulate resources, and resources are not just inspectors in a foreign country or the number of inspections, but it also has to do with what budget of specific trading dollars, where is that trading money bean spent? how is this being spread to the risks occurring? and so one fleeds to realneeds at this agency created and essentially existed for an era when there was domestic consumption, a lot of changes over the last 40, 50 years but now to debt to an adaptable point it has to be responsive to specific problems. another aspect we realizesed concept of professionalism and credentialing. that regulatory science and working and developing regulator