it's very hard for investors used to looking at company fundamentals, used to looking at fifinances, to ignore what's happening in greece. this is adding to the uncertainty, and in a sense, it's ry hard to handicap these events. >> even ben bernanke said things worsen in europe, it will ultimately have an impact on the u.s. econom so mike, what about that? the federal reserve met this week and they took their expectations for growth down, they took their expectations for unemployment up. did any of this surprise you? >> i think they're maintaining flexibility. there is a lot of talk of qe-3 or something like that, potential stimulus, we're coming into aelection year. there will be a lot of pressuru applied for stimulation in the ececonomy. no, i wasn't surprised at all. i think it maintains flexibility for t fed. my view is i don't think what the e fed is going to do will he any incremental impact. i think the law of diminishing returns comes into play here and it's more of a fiscal play here, and if anything, the fed is trying to coverer up for the lack of our fiscal leadedershipo ge

since the plan would increase height and density limits in the area, it was important for us to look at the skyline. bear with me on our planning talk for a few seconds, but it was important for us to look at when we talk of the buildings up to 1,000 feet what this will do to our skyline, what it will look like, how to maintain and make more distinct the city skyline. the city skyline today is characterized by what we most see -- the transamerica building, the bank of america building, leaving conte hours, and a lot of similar height buildings. the terminal and the project the transit center will create a new focal point for the city in exactly the places where it should be and create a kind of new heart of downtown south of market which is exactly where we have been thinking it should go for the last 25 years. as seen from treasure island as well, the idea is to really create a punctuated skyline with the 1000-foot tower at the transit center and with the endpoints of the ring kind towers on the left and the trans america on the right -- the rincon towers on the left. it is also impo

us to still be talking about the global multilateral solution to this crisis? >> i think that it is unrealistic. i believe it would be better at this stage for us to lookto our own ramparts. if we see someone doing better than something we tried, we can copy them. the politicians then blame international coordination. they would say, we have been forced by the germans or the americans or the imf or the u.n. to do things this way. >> in greece, that is already happening. the occupied protests do. they are putting pressure on national governments. here again, there are lessons from history. >> you should not underestimate the social and economic perils of neglecting the moral aspects of policy. they will ultimately reject that. this can be terrifying. >> this is far worse than the world war. >> today, we are a lot richer than people were in the 30's and that should cushion the blow. the social cohesion is lower to a generation whose future has been cancelled, maybe a little comfort that things were worse back then. >> there are fears that the crisis increase my spread to italy where prime minister silvio berlusconi has been facing mounting pressure to qu

it forces us to look at training. it forces us to look at fundamental regulatory relationships.absolutely. it's a very important, important event. >> it's become the symbol of everything that's wrong with the industry. >> o'brien: the term "watershed" comes out frequently. is this a watershed accident? >> i think it is. i think it is. certainly for this decade, it is the watershed accident. >> o'brien: the story of flight 3407 really begins in manassas, virginia, at a regional airport about 30 miles west of washington, d.c., where i found the roots of colgan air. the company's rapid rise as a regional carrier is a story ofmh how the airline industry has anged over the past 30 years. colgan got its start here in 1965. hi, tom. how are you? >> welcome to dulles aviation, manassas, virginia. >> the colgan family operated a fixed-base operation in manassas virginia. and out of that grew an air-taxi operation. where it is that colgan would contract with... with x company to fly from a to b. >> o'brien: charter kind of thing. >> charter kind of thing. >> o'brien: chuck colgan is a for

at the end of the day, i occupy wall street has caused us to -- , occupy wall street has caused us to look at things in new ways that we need to. we are grateful for your leadership. right now, we have foreclosure in district 10. over 1500 homes in the bayview alone. a silent crisis that your work has highlighted, in a way. the municipal bank discussion in these important conversations. -- and these important conversations. all of these questions are coming in the spirit that we wanted them to for so long. i support occupy wall street so much so, we will be putting up a tent down at occupy in the next couple of days, and we wanted to say thank you to those that made this possible. thank you. supervisor avalos: thank you very much. next speaker, please. >> i have and i hope the resolution will be carried forward? is there a chilling nature to political expression? particularly chilling, when government officials disagree. a previous speaker mentioned that the square in egypt. there was a march there to support occupy wall street's. the world is watching. the reputation of san francisco is a

at the end of the day, i occupy wall street has caused us to -- , occupy wall street has caused us to look at things in new ways that we need to. we are grateful for

and they go, "you're just doing this to make us look bad, man, or to feel bad." >> hinojosa: oh, you were trying to make them look bad. i see. >> yeah, you know, and to feel guilty and to, you know, come on and walk. and maybe, to some degree, at that early stage i... that was true. but then i decided that, "look, i'm arguing all the time." on my birthday, which was coming up, i was going to be turning 27, "i'm going to decide," i said, "to not speak for one day." >> hinojosa: not argue back, not speak, not engage. >> give it a rest. and so i didn't. my birthday came, i didn't speak for that one day, and i learned something right away. >> hinojosa: which was? >> i had not been listening. i would normally listen to someone just enough to think i knew what they were going to say. and then i would stop listening to them, and in my own mind rush ahead to think what i was going to say back to show them that i knew better, they were wrong, and i could say it better. and of course that stopped all communication. >> hinojosa: what did that feel like? >> well, to learn that i had been doing th

they are looking at the reflection in the ground. that helps us to understand how bad of a problem we have and how to communicate to the self- defense force. they are looking at the same information. it helps us to understand what is going on with the water in the reactors. modeling and simulation that we have at sea is based on what happens with oil. what happens with oil and a radio isotope are different properties. we come up short when we look at what happens when radioisotopes are introduced to overtime. that is a common operating picture. that is what we developed so that, as the next aftershock came in the next power loss incident took place, in the launch floor that we build with the self-defense force, we were able to work side-by-side. we have a hot line to the embassy and ministries in japan as an event takes place, everyone knows. one of the critical questions that everyone wanted to ask was -- and i at risk? do i need to evacuate? the concern that we had was that the level of radiation in the background, which is to say people, the 90,00

it's not going to be a big swish, you're not going to get whiplash but fast enough if you're used to looking up in the sky, definitely noticed. >> definitely true. >> reporter: you keep track of objects like this. this one, we're going to be okay with. are there others that we don't know about or suspect are out there that we should worry about? >> the ones we know about, we don't have to worry about. the ones we don't know about are the ones we look for. >> reporter: not the big earth killers, but this one, if they were to hit a bay area, they would do quite a number? >> true. >> reporter: is it the type of thing that we'll not know about it until we go, hey, what's that big fireball in the sky? or will we get a couple of days notice? >> hopefully, more than a couple of days notice to see these things. so a lot of astronomers try to look for these things before they become a problem. >> you can come here to the space and science center. they're saying around 6:30 tonight, and they're going to start the viewing use iing thei telescopes. you can come out here, get a look at this. you can go o

we would encourage everyone to have a look at what is going on and visit us in san diego for a face-to-faceook. thank you. >> next up, we are going to hear from kerry. -- carrie. >> good morning, everybody. i had the pleasure of being in portugal. it was absolutely tremendous. both my chairman and myself were there. we were very heartened by how exciting the racing was. i am not sure if anybody had a chance to catch the fleet race in plymouth, but tom covered a bit of the action from the collision in the starting line to a couple of capsizes. jimmy, who was driving one of the oracle boats, stepped out of the water and said, this is just like san francisco. that type of promotion really is a calling card, a road to san francisco for the next two years. what the event of a party has been able to pull together and started to come to bear. we are really excited to be able to bring this to fruition. they are doing their part. the city is doing their part. we are also incredibly proud of how the city has stood up and its commitment in pushing for the environmental review at a really impressive pa

the busy trying to sensibly call me and it's our genes leads us financial to the research to maintain our confidence in markets and beyond wants to be seen trade imbalances recession looks maybe missions close to see a sub prime loans to close. some fail circulates against the little guy because the us crash smashed ceiling. just like all the classes in athens greece behind me and just programs increase the total economy. the headlines on are the whistleblower winded by verdict the high court in london rules that the wiki leaks founder julian assange should be tried in sweden of a controversial sex crime obligation. results of the investigation into september's plane crash that killed a russian hockey team name pilot error as the cause and speak of traces of a strong sedative in the co-pilot's blood and. a sense of disillusionment don't dominate so the protests the head of the g twenty summit in town as world leaders gather to contain the global financial mayhem and the greek announcement of a referendum on the euro zone's rescue deal has only fuel the flames. that's going through the world of sports here with us now. i know they're welcome to the sports. good to the co

protesters say they use to treat minor problems as well as acute sports injuries. >> we are looking atthe way of healing helping stimulate the body to heal itself instead of knocking down inflammation with ibuprofen or cortisone. >> that includes the injecting tiny amount of homeopathic medicine directly into the skin or muscle. >> what we do is break up the body's immune system. >> the injections include glucose as well as extracts from other plants. >> the formula has been around for about 100 years. >> my angle has certainly healed quite at that already. >> she began offering bio punk shirt when she told conventional medicine was not enough. >> last decade it had appoint where i felt like i was not making that kind of the print i wanted to limitations. >> some studies show the technique office of benefit. but there is scant evidence that homeopathy is an effective treatment for any condition. but joyce says it works. >> for athletes it's so critical that you get back to doing what you love as quick as possible. and this treatment accelerates the healing process. >> now, i've bio pun

to two bay area bombings may be hiding on the east coast. the fbi released these photos of daniel san diego. they show what he would look like now and what he used to look like and how he would look disguised. the tv show manager's most wanted profiled san diego generating a new tip that he may be hiding in eastern massachusetts. fbi agents reminded the public there is a $250,000 reward for information leading to his arrest. he is accused of planting pipe bombs in emeryville and detonating another bol at the shaklee nutrition company in pleasanton. both were in 2003. no one was injured in either bombing. >> the tip that came into our san francisco office was assessed by our san francisco office to be credible and viable and so it's one that we have been following up, pursuing aggressively since that tip came in. >> the fbi says it cannot divulge any more information about that tip other than to say it is a recent one. they say san diego might be going by his middle name, andreas. the company was reported for their ties to a research firm which experimented on animals. >>> what happened? children's hospital is undergoing a death of a boy who unde

using the system for business taxes. the board of appeals wants to use the system. initially, we need to look at what we are currently doing well and who is currently using it. and then we have every intention, having expressed in this to the board of supervisors and the mayor's office, working with other departments to get them to maximize their use of the features that they are not using right now. >> it would help, i think, because the board and the mayor's office have prioritized helping small businesses. the department of health is involved. it makes sense to be able to coordinate all of this to give better service to the end user. i also understand that it is a later step where you coordinate the peripheral departments. i think it is part of what will meet our needs and the city's priorities. >> can anyone give me an answer, how long would it take to get our records that are currently on microfilm to digital? >> it would be a lot. >> is it going to take, -- is it going to take 10, 20, 30 years? >> we have already been working on that. >> i understand that, but does anyone have any idea

i know you must have this warm feeling overhead. >> i used to look up at many of you, what i was down there. >> thank you so much for coming to talk. i know that you have to get out of town there. ladies and gentlemen? [applause] >> thank you. >> for the rest of you, we are going to have our next program and it is going to be some elected officials and mayors. we are going to take 10 minutes. i want you to be back in your seats and ready in 10 minutes. thank you very much. >> precision planning. all right. but if it started here. i hope that everyone had a nice lunch. we have had fabulous speakers all day. this panel is going to be a panel on government executives and the regional will of cooperation. i have to tell you, in july of 2003, i was actually working for mayor willie brown. haley barber talked about leadership and decision making. this was a mayor that really provided leadership and made strong decisions and helped out in running the city with of those attributes. in 2003, under mayor brown, i got involved in something crazy called the table top exercise. at that time, again

i think 10 years later, it is about time for us to look good all those provisions and figure out which ones are working and which ones were never a good idea. >> when you say that in light of what happened 10 years ago, it is understandable that we would have done something and maybe we were not prepared for what happened to us. 45 days is relatively quick. it raises the question of whether or not in trying to respond to what happened to us 10 years ago, we there are not removed to quickly. >> we certainly moved too quickly. there were no hearings, no testimony. what you were just saying about provisions of the patriot act been removed, what congress decided to do instead was that 16 of them more controversial positions. they would expire after four years unless congress decided to renew them. after four years, in 2005, congress renewed almost all of the controversial provisions. my concern is not even those controversial provisions. all those other provisions, which -- is the normal. they are a permanent part of the law. even though there is reason to believe that they're not serving

>> i think it's important for us to look into this and make sure that there is fair treatment. >> should somebody get ticketed for sleeping outside one place and not another? >> i think what we all want to ensure is that our homeless individuals eventually have a place that is not in the elements that is in a homeless shelter. that is where we are trying to go. thank you very much. >> again, i think we're in with this incantment and first amendment rights and we're trying to deal with that. >> they are homeless in the center, is that really fair? >> okay. i'll answer that next time. >> occupy has hinted that it may move from justin herman plaza to the civic center in the next two weeks. >>> stock markets are way down. just like the dow today and everyone's 401k's. all because greece pulled a fast one. mark phillips on how the mess on the mediterranean is trickling down to main street u.s.a. >> greek prime minister has stunned the financial world. by announcing that the bailout deal pain stakingly negotiated with european leaders to try to save his country from bankruptcy would now be put

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it used to look like a war zone when we came. i do not know if you have looked at some of the pictures. now it is beautiful. people feel safe. we have lots of choices of food. we have very good people to work with. the commissioner in san francisco, dwo has been great. . dpw has been great. city hall has been great. we started with 15 farmers. it has grown into this beautiful oasis in the desert. i do not know how many of you knew one of our farmers who sold right here next to the honey. she passed away about a year ago. i wanted to remember her for those who remember her also. i want to thank the new manager, john. he has just been named co- manager of the market. he has been here since he was 13. he has worked his way up from being garbageman, seller, and now being manager. i want to thank you for what is going on here. he makes the market work. another new person is kate crepps. kate put on his party. she deserves a hand. she is a wonderful person. she loves what she is doing. and she loves this market. that is what makes it s

look at the heavy downpours of rain showers to the north of us. one more day of full-on sunshine. oks like 50s along the coast of. temperatures will be coming down. 65 degrees in campbell, low 60s in fremont. when you look at these temperatures, they are pretty close to normal. 69 degrees so one of the outside numbers in fairfield. 64 in pleasanton. sunshine once the patchy fog lifts to 56 degrees in novato. we'll spend some time going over this. mostly cloudy skies as the clouds gather thursday. rain showers, that's not the key. only .25" of rain friday and saturday morning. second wave of rain saturday night and sunday, leaving us with cloud cover on sunday. then we'll see full-on sunshine in a week from today but as of now it's cloudy. so get on outside and enjoy it or get the gutters cleaned out because more rain is coming. >> enjoy the good weather while it lasts. >> good snow in tahoe this weekend. >> that's right. >> music to the skiers' ears. >>> cbs's early show is getting a major makeover. the new show doesn't have a name yet but will bring on tv veterans charlie rose and