will be able to invest any money in any business unless there was at least the same amount of going vestment coming from lead in international investors so that's a very unique feature and it's very important because it always allows us to have second pairs of eyes looking over investments we are doing it allows us to bring foreign investment into the russian economy before you were appointed president of this new fund you were president of the i can promise the equities that what was so special about this company what was so special about the job you did there that made you fit and for the need and position that made president pick you personally for this new position i'm sure well we've been doing investments and i've been doing investments in russia for the last ten years and it's very important investment businesses to have a good track record so not only to make good investments but to have good ags it's so i've been lead into firms one is dealt a private equity another in one of these i can private equity and we've really been very successful in making investments in financial services

different firms was sort of really offending them because we wanted them to be if was good queen vestment partners in the russian market we also became quite a few people was international backgrounds and we have one gentleman was fifteen year over experience and in private equity firm and the other one was ten years experience so we will not only have russian nationals we'll have a well rounded teams that will include international investment leaders as well you were quoted as saying a thing that may sound funny for foreigners you saying that the russian economy is more predictable than in most of the countries what makes you think so and what are the arguments because i'm sure that most of our viewers would say that if russian economy is predictable that then what's unpredictable there was this well i think you know it's actually a great question because when people read newspapers and saw all sorts of stories there's a basically a trade a russian certain way but those stories forget about some very key statistics very fundamental things so i'll mention just a couple russian debt is twe

again it's not government having control it's us having a minority position but to get us going vestment partners given the major position you will be getting you believe in the government many of this means you'll be under total government control he purged well yes and no because governance this very important so we will have a supervisory board which will be you know a kid decision making body for the fund and it's the actual include quite a few foreigners and governments will actually be you know an important part but not the control and part of that supervisory board and that's again very unique because the whole idea behind the fund is really to help fund generate returns allow foreign investors to get those good returns and invest more down the road so it's less commercial and this return focused entity as possible was government really providing help but in the what driving all of the decisions and it's very important because we had a big meeting with mr putin where investors manage and pull trillion dollars from a present and zest a very specific and direct question mr porson wi

we should be talk bing vestment in education. we should be talking about investment in innovation. the president made that clear in his state of the union message. about it truth of the matter is there is the sword of damocles hanging over everyone's head. it was used as the means by which unless certain compromises were made we would default on our debt. the reason why it's so important that this bargain that has been negotiate with the republicans by the president. the reason why it's so important that it pass, it has won overwhelm different has one overwhelming redeeming feature. it says the debt issues cannot come up again until 2013. the reason for that has nothing to do with the elections. it has to do with from now until moment it passes and signed into law. we'll be talking about nothing but jobs. but if i stood before all of you two weeks agene said i have a job plan. would of any you have written about it? you would have said -- you know, what about it? legitimately, what about the debt ceiling? so we have to get this -- shannon: you have been listening to vice president

> we're not losing money but we are trying to gain efficiencies and trying to regain some of tin vestmentske in our print products towards digital, because that is, quite frankly, the fastest growing part of our business. >> the company admits it plans to cut 95 jobs out of 1500 employees. that reorganization will take place november 2. you can also expect that the san mateo county times to be branded under the mercury news. >>> the search for a missing somali boy is over and luckily he's been reunited with his family. he decided to walk home from school and got lost. he was reported missing around 3:00 when he didn't get home in time. he was found around 7:45 this evening at a store about five miles from school. >> i'm so glad, i'm so happy that he's alive. >> muhammad had just moved here from somalia and today was only his third day at that school. >>> the story that's grabbing international headlines. it's all but over for gadhafi, but he's still missing. rebels have taken control of his fortified tripoli compound. the entire firefight captured on camera. so far he has evaded capture. h

reporter: even with the rising cost and fees, the return on a college education is still worth tin vestment your average grad earns 60% to 70% more than someone that doesn't go to college. and that's in the first year. >> reporter: so whether you're a student or a parent planning for the future, there are creative ways to get the credits for less cash. vicky nguyen, nbc bay area news. >> it does sound astounding. >> let's take a look at our forecast, our weekend forecast with rob mayeda, in for jeff ranieri. >> sunshine and fog still comes for free, compared to that story. 62 degrees right now in san jose. we're awaiting the low clouds. not too bad in san jose right now. 56 degrees in oakland. across the golden gate bridge, well, we're back in the drizzle storm again, seeing some of the mist flying probably through about 9:00 tomorrow morning and some clearing around san francisco. temperatures right now, 50s and 60s outside. and a healthy sea breeze pumping in the low clouds. you see the winds west at 16 miles per hour and southwest at 14, bringing in the low clouds into our north bay vall

call that austerity doctors warned for all these huge debts burden is bringing crudely of dream vestment in schools and hospitals. getting. into car and. computer. equipment fashioned. out of the situations explosive say experts and frauds could be mixed to witness roots like those in britain with deprived regions the likely spark the interim. part of cities in the suburbs. are socially segregated to very high extent far more so than in the u.k. or in germany so yes unrest could come from the suburbs and spread through. because these flying is all from france as he chatted on budget they tease pacific island of new caledonia with students climbing street protests over the cuts he's left the job of presenting a bill to his prime minister he'll let them take the flak for it and hopefully unions students retirees can march directly and protest against the ministers while he's behaving in a certain because these absence in this time of crisis writes leading newspaper le figaro may be clever politically but his failure to tackle the country's troubles now could be creating even greater proble

scenery experts here vestment opportunities in unpopular and distressed markets told r.t. that american lawmakers are digging a grave for the u.s. economy they're going to have more and more money printing the debt is going to go through the roof and if you look at the projections from the bank for international settlements in a recent paper they've stated that by twenty forty america's interest payments on the federal debt will account for twenty seven percent of g.d.p. so all this talk of cutting the deficits and bringing the debt back in order is just nonsense it's political juggling and i like to see the armies that eighty percent of the spending the mandatory spending already now exceeds the tax revenue so even if they try to cut all the budgets of expenditure they would have to default because the mandatory or the compulsory spending obligations which the u.s. government conk back down exceed the tax revenues or some of the other the u.s. government would have to default on its obligation was to lose a lot of all of this i think is the u.s. dollar the u.s. doesn't de

ways the tax system could improve the further l ground in the united states and lead to more up vestment, job creation, and economic growth in our country. first, we need a more competitive tax rate. the combined federal and state tax rate averages 39% which significantly exceeds the rates in most other countries. the average combined tax rate of the oecd is now 25% and is expected to decline further. in the competitive global market, u.s. companies are at a significant disadvantage versus non-u.s. companies benefits from lower tax rates in their countries. 39% here, 25% else elsewhere. when a u.s. companiments to grow outside the country, we're way behind before we even get started. in addition to the high tax rate, the u.s. tax worldwide earnings and most developed countries don't tax companies in a similar manner. under the current u.s. system, all income is subject to u.s. tax creating an incentive for companies to leave the cash outside the u.s.. if we were able to freely bring our foreign income back home to the u.s., we'd have the freedom to invest earnings in product development,

vestment fund which will provide for state co financing and infrastructure projects both the regional and national importance. the development of special economic zones and i'm sure everybody has heard recently at the economic forum in st petersburg the government announced that there's going to be vigilant investment fund which is going to make funds available for high growth. such as i t. health care and infrastructure and then on the legal side you know what we've seen is that there has been. there's been legislation adopted in relation to the concessions laws and in relation to financing so we've seen there is. ok stephen stephen you've given all the great pluses of selling in the investment in this country in a great way tell me what the obstacles are because i'm the great contrarian all the time what's the downside what do they still have to do what i think the downside of these projects involves a huge amount to they require huge huge amount of investment even at the regional level you're talking of projects in the tens of millions where is it projects at a federal level you're

to fail banks and insurers during the financial crisis many of the big bankruptcies they define vestment go. ratings to lehman to bear stearns right to the very end gee they gave a aaa rating to to almost the day the last good grades for firms that collapsed or were bailed out because of bad debt in fact the financial crisis inquiry commission said the three credit ratings agencies were key enablers of the financial meltdown and this brings us to test three ethics ratings agencies are paid by the investment firms they grade and moody's and s. and p. are publicly traded which means they may be more driven to increase profits for shareholders raising this debate right now you have the companies that are are being judged paying the bill and they could like john browning a big bill of berkshire the mr buffett also pointed out the market requires it because these ratings agencies has been around forever so they're in shrine by government regulations which oh yeah they have a stake in test for objectivity don frank legislation the financial reform has restrictions on rating agencies and the ru

the president so do you think that now investments are guaranteed or on the contrary you know in vestment of that nature is very slow to materialize and i don't think that that needs to be a limitation at this stage what matters is to develop a appropriate plan and then to pursue it and be persistent and eventually the investment will follow so so when people people like mike the guys from this delegation come in and then they will walk around and drive this fancy cars and stuff it's oh it's all smiles and then nothing really behind it is that true or it may materialize i don't know how does that work in my limited experience i know you know that money but still the venture the venture community is interested in opportunity but very limited in those that it will eventually pursue they would come to explore the possibilities they might decide to invest in the in the odds are always against it but the determination of the founders of the project and their capacity to design an appropriate plan will be decisive in the end. i know you're not of money you're a scientist but but you did make a

interesting and exciting opportunities that we still need to evaluate and work together with our point vestment partners to analyze and really figure out so you so fishing but pin you name as least a couple of companies that are already on your hook we can all and actually that's a good thing about private equity industry as a if was a deal is done it's impossible to talk about the potential targets because a best case it increases their valuation expectations and the worst case it just leads them to transactional being done because it's a particularly all in ones once the transaction is finished rolls of paper signed and that's very important lucrative to invest in companies before you came to you. to introduce a new friend are you dragging some of your partners from these companies to the actual we're trying to minimize people impact and actually be very careful in selecting i would seem because a woodlands want to take in all of the people from the previous fund we also don't want to go in aggressive will hire a way for people from all of the lead in funds in russia so we've been actually qu

it means less vestment in medical and research and education and food security. to put it simply, it means less jobs and higher unemployment at a time when millions of americans are struggling to find work. and despite the rhetoric of its supporters, the bills put social security, medicare, medicaid on the chopping block. we all know how we got into thisess. two huge tax cuts mostly for the wealthy that weren't paid for, two wars that were paid for, a massive prescription drug bill that wasn't paid for. now, there are certainly places to cut. right now we're borrowing $10 billion every single month, $10 billion every single month for military operations in afghanistan to prop up a corrupt and competent karzai regime. but according to the congressional budget office the spending caps contained in this lgislation do not apply to ending that misguided war. that makes no sense to me. the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. this bill does exactly in the

around eighty two billion dollars have fled the country making russia's net for a new direction vestment about six billion dollars. that wraps up the business bulletin you can always get most tours on our website r.t. dot com business or join me for another business update in going to ask why. the men. from. above.

have to think and say that money is not investment money but that money belongs in very, veryafe vestments and in all honesty if you're in a money market fund and compare and maybe to bank cd's you might do better. might have to go back and forth. >> if you work for a company that doesn't provide a 401k. what advice do you give consumers and what's the difference between that and a root ira? >> a 401k is actually an expense of a profit sharing plan. provision in the tax code. you're talking about the tax code. it allows your viewers offer employees to contribute in pre tax dollars into a retirement plan that's managed through their employers. usually a separate trust. typically you can put quite a bit of money, for most viewers it's a loft ney. 16 $500 into a 401k. if your over 50 you can put into the neighborhood of $25,000. if your employer matches that and often they'll match the first five or six percent but you put another six percent jaw could have 25% of your gross income going into a retirement plan so it as really good thing. congress has not elected to be as generous the people t

deferred, construction companies will not make the material and vestments, there will be forced to further cut their work force, and this trickle down even more jobs and businesses that directly supports the construction industry. while states would prefer a six- year reauthorization bill, the two-year bill provides the opportunity to advance towards the long-term goal and it is a vast improvement over the uncertainty of the month-to- month extensions we have had over the past two years. third, the state dot's have been advocating many of the policy reforms similar to those in your legislation. we recognize that many of the provision of the bill recognize -- represent compromises from all viewpoints and we thank you for that spirit of cooperation. it appears we are in agreement with some of the key policies are needed, consolidation and flexibility, the use of performance measures, expansion of innovative and finance, and for the streamlining to accelerate project delivery. there are two policy reforms we are -- of this especially supportive of, the enhancement and expansion of the loan gu