bill gates and warren buffett went to china.le had some issues with how that trip went and whether the giving pledge wasn't appropriate for the culture of china. but nonetheless, it sparked an enormous debate. i was in beijing a few weeks after they were there, and people were still talking about it everywhere. >> is that right? wow. you plan for foundations and corporations and individuals. how can the average person insure that they're being an effective donor? >> the first thing that you want to do if you are serious about philanthropy and making a change is you need to ask yourself some questions. what are the real issues that motive me? what are the values that i bring to this? what is important to me in my heritage, my religion, my family, the way i've been brought up, and what is it that is really impelling me to give? because if you don't have a real connect to what is driving you from the inside to give, you're probably not going to stick with it for very long, and then you won't be very effective. >> that's a good poin

and following suit with what bill gates, and warren buffett, they're going to give away to their charitiesr choice during their lifetime. and with billionaire, steve zuckerberg of " people wait until late in their career to give back. why wait? there are so much to be done. >> and with a well, co- founder, steve case, and carl icahn. these taking the pledge are 57 people. also, david rockefeller, and ted turner, and lumber, and george lucas. and bloomberg. --and with more millionaires to hopefully sign on. >> and a walnut creek 6 80/24 split. headlights = south. and a bit better of the other side in san francisco, the chain's bridge. you can see the normal congestion and it is just crawling on the lower deck. also, just crawling along. week will be back, much more news, ahead. live, from the bay area's news station this is kron 4 news of 4:30 >> our big store, new details tonight about the near drowning of a toddler in a fountain at the san francisco hotel. investigators told kron 4 haaziq madyun about where they're focusing their efforts now.

bloomberg, and over 50 others to sign on to the giving pledge, the project of bill gates and warren buffett, urging the world's wealthiest to give the bulk of their riches to charity. abc's christiane amanpour recently spoke with buffett about the pledge. >> i've got everything i could possibly need. i've never given up a meal, a movie, a vacation trip, anything in my life. and i've got all this huge surplus. i've got a whole bunch of what i call claim checks on society, little stock certificates that sit in a box. >> reporter: details of the pledge made headlines in june, when 40 of america's richest billionaires agreed to donate $249 billion of their own wealth. and as of this morning, that list has grown to 57. zuckerberg, the world's youngest billionaire, announced in september on "oprah," his first major act of charity. a $100 million gift to newark public schools. >> $100 million. >> reporter: many say that his company which recently announced 500 million users is changing the face of social networking. and just as his company evolves before our very eyes, you might say the same for i

>> this is all about the give away campaign, prompted and primed by bill gates, and warren buffett.se people of signed up with mark zuckerberg, the web put out a statement that people wait until their career to give back and more weight when there's so much to be done? >> also, mark zuckerberg, the harvard roommate. and steve case, a old all color from dark, and meanwhile, other people have-a zero well-co-founder, and wealthiest people, diane von first in per, and larry ellison, and michae bloomberg and john lugeorge lucas, and diane von ferstenburg. >> and a backdrop for this latest commercial but lebron the change will not be in san francisco. today, a stand and will shot all of these for lebron-james. and to be added and later via computer for this commercial. >> and a live look at san francisco no rainfall yet. we will maintain a slight chance for sprinkles. i will tell you all about it, coming up. live, from the bay area's news station

the album, i probably sell more magazines than warren buffett.be in front of him. [applause] >> he has way more money than me and he's way sharper and he's with the waernd, i believe -- he's super intelligent, but to take all those things, make the extraordinary things ordinary like it should happen all the time. that's pretty much my goal. [applause] >> charlie: you don't mind a challenge? >> no. i think for the most part that was that old way of thinking and that old guard that this music is here, this music is here, if we take away all the titles of music, we take away this is rock and roll, this is country, this is blues and this is jazz, we strip it down, it's just the same thing. >> charlie: explain that. it's just the same thing, meaning what? >> meaning that we all play different instruments -- rock, electric guitar, folk music is that little folk round thing -- [laughter] >> charlie: what? >> jazz -- you know, at its core, at its core, it's just about human emotion. it's about passion. it's about pain. it's about fear. it's about aspirat

warren buffett said when the tide goes out you see who is swimming naks.apart when the market drops. that's exactly what happened here. >> when we come back, the health care bill may have passed but the battle has just begun. we'll go to the arena to follow the winding road that leads to the supreme court. stay tuned. >> diiet and exercise are more closely correlated to health care outcomes and taxpayer health care spending than the ownership of health insurance policy. so if anything, there's greater constitutional warrant to require people to join gyms and buy broccoli than to buy health insurance policies. [ male announcer ] let's take the holidays by the antlers... expand our toolboxes... and fill our sleighs to capacity. with all kinds of buzzing, roaring, and humming. with guaranteed low prices on all the tools you want, there will be more than tinsel glinting around our trees. more saving. more doing. that's the power of the home depot. we're lowering the cost of christmas morning. buy any ryobi super combo or lithium-ion combo kit and get a free ry

warren buffett said when the tide goes out you see who is swimming naked. ponzi schemes fall apart when the market drops. that's exactly what happened here. >> when we come back, the health care bill may have passed but the battle has just begun. we'll go to the arena to follow the winding road that leads to the supreme court. stay tuned. >> diet and exercise are more closely correlated to health care outcomes and taxpayer health care spending than the ownership of health insurance policy. so if anything, there's greater constitutional warrant to require people to join gyms and buy broccoli than to buy health insurance policies. >>> this week, a federal judge struck down a key part of president obama's health care reform law which says individuals must have health insurance. it could be from the government, from your employer or you can pay for it yourself but you got to have it. the court says the government can't force individuals to buy health insurance. it comes down to the commerce clause which gives congress power to regulate anything that affects int

a part of the giving pledge was launched in june by bill gates and warren buffett. back over to you. >>> looks as if president obama's unpopular tax deal will come up with a vote next week, but can he gets it party to vote for it? we have the latest from washington. >>> vice president biden convinced them the tax bill is a fair compromise. >> that is the biggest tax give away i have seen the entire life. >> there is no reason this had to be part of the deal. >> the only way we get out of the hole we are in is to make shared sacrifices. >> the opponents fear not just that they save money, but republicans will sweeten the deal. a vote on extending the tax cuts and unemployment will likely happen next week, at least 50 democrats signed a letter opposing and some threatened to delay the vote. >> they can make their arguments and their points, but they don't have a plan that has any chance of passing. >> look at the facts and have a thorough debate, but get it done. >> what if january 1st comes? your taxes go up and a republican-controlled house will have to deal with it

the pledge was started by bill gates and warren buffett to get the world's rich to give away their money it totals over 50 donors, including michael bloomberg and aol founder, steve case. co-founder. >> give it to good. not bad. >>> coming up on this thursday, how barbara walters brought oprah to tears. a very emotional interview. >>> and the president's newest tv appearance, with a challenge to scientists. i'm off to the post office... ok. uh, a little help... oh! you know shipping is a lot easier with priority mail flat rate boxes. if it fits, it ships anywhere in the country for a low flat rate. plus, you can print and pay for postage online. and i can pick them up for free with package pickup. perfect! cause i'm gonna need a lot of those. wow! i knew i should have brought my sleigh. priority mail flat rate shipping starts at $4.90 only from the postal service. a simpler way to ship. ["stir it up" playing] stir up a smile with hershey's syrup. with listerine® whitening plus restoring rinse. it's the only listerine® that gets teeth two shades whiter. and makes tooth enamel two times st

the deficit commission said you could find $1 trillion by closing loopholes and everybody from warren buffett to bill gates, billionaires -- >> there's one difference between now and 1986. and that has been the exponential growth and power of lobbyists. lob yists protect loopholes. they're going to win. they won on the financial regulation reform. they never lose. chris: are you the grinch? [laughter] >> that very fact i agree with you, but that very fact is an opportunity for the president to finally be -- he's going to raise a billion dollars for his campaign. they're saying. so how does he do that? but that aside, if he takes on that issue, again, he'll have common cause with the tea party. chris: one more reference point. in that war, when the -- when the british were loserring to the nazis they did one smart thing. they got off the continent of europe, they escaped with dunkirk and great strategic withdrawal. has the president fecked something like that -- effected something like that? >> the answer is yes in the short term. if they had not done the deal the republicans can come back, cu

he was robert rubin and warren buffett rolled up in one and he had the best art collection in the world and when he wanted a tax wright off, he would donate the art to a foundation he controlled and the art would not move. it would stay on his walls. so he got up on the first day of the trial, he's charged with tax fraud and came up with a clever response. his lawyer, frank hogan, famously said, my famous client is a rich man thoroughly scared. so mellon announced, i'm giving all my art to the people of the united states of america and i'll throw in a building so he donated the national gallery and all his art. subsequently, he became f.d.r.'s chief legal adviser as solicitor general and attorney general. what's amazing, he got bit by the bug of ambition. he desperately wanted to be chief of justice. when he was offered a regular justiceship, he said, no, i don't want that, i want the chief justice. and then roosevelt died and when truman was president, he was going to give it to him but justice black who by then hated jackson blocked it. and he went ballistic and wrote a letter to ever

if you were one of the top one percent would you feel the same way apps yes i believe i would warren buffett does and he's at the top of the top so why don't lot of people say it's a way of punishing them for their success because they listen to fox news we should come up with something is fair and equitable for everybody i don't know there was necessarily have to ask people to pay more just because they make more but perhaps the structure could be made more fair for everybody so that it's more equitable across the board that's what i would like to see do you think that we could ever create a structure that would satisfy everyone know what kind of car would be your dream car. or red bird shot or if you had a lamborghini how would you feel driving it past someone that's homeless a pick them up and go for it. but you wouldn't feel too bad about it but soon get over it i think but. do you think we in this country value money and seek to be rich more than people in other countries way too much is being rich something that you aspire to i aspire to be happy so if for me having money at least the

. >> in the office we call it the warren buffett problem. influential? he's a little bit influential. >> what's his score. >> but you look at our system and it's not there and we look dumb and like -- how do we fix that and how do we take the bigger world into account? right now that's not what we do. we focus on -- we're looking at interactions in digital, social media. this idea of word of mouth and how it's never been able to be calculated and tracked before, we're using social media do that. >> jon swartz one last question of joe fernand sneeze given the narcissistic nature of what this is who has the highest score, who is in the 95. >> so barack obama's pretty high. ashton kuchar. like some of the celebrities. but like fred wilson. b.c. most popular personality, you know, hugely respected. he's high in the 80s. so it's a mix of public and semi i believe. >> and let me ask, justin bieber. >> justin bieber is kind of huge, yeah. it's crazy to see how much -- like engagement those people generate. >> all right, joe fernandez, the ceo of klout.com. >>>

were one of the top one percent would you feel the same way absolutely yes i believe i would warren buffett does and he's at the top of the top so what a lot of people say it's a way of punishing them for their success because they listen to fox news so what kind of car would be your dream car bloomberg you mean. if you had a lamborghini how would you feel driving it past someone that's homeless pick them up and go for a. resident and fall in an hour's time on this channel or small side in fifteen minutes tonight kate reveals a recent punch up on the ice has turned into a costly exchange one russian i saw p.t. before that this sunday i'll bring up today with a recap of our top stories from the week in a minute or two thank you for being with r.t. this twelfth of december. there live next to the border of the gaza strip. but all. on the border of peace and war. they are responsible not only for themselves. but also for their loved ones. ready to take any risk. it will. bring you the latest in science and technology from a rush. we've got the future of. india in the movie.

warren buffett's a believer. >> i give away the surplus. >> reporter: so is bill gates. together they're spreading the message that the richest people should give most of their money away while they're still alive. a.o.l. cofounder steve case and wall street tycoon ted forstmann are two of the latest converts to sign the giving pledge. tell me first and foremost, why did you all decide to sign this pledge? >> me? >> couric: yeah. ( laughs ) >> because mike bloomberg asked me to and i said, you know, i already do this so... you know, i give away lots of what i have. and he convinced me that adding your name to this would be helpful, maybe other people would do it as well. >> couric: was it an easy decision or did you labor over it a bit? >> it was... it was relatively easy because of a sense that when you have the opportunity to have great resources there's a responsibility to use them in a constructive way. >> reporter: steve case and his wife jean established the case foundation in 1997. together, they've supported efforts like a twitter campaign to stop the spread of m

oh there goes another backer hey you know but this is why i understand actually warren buffett bought into fruit of the loom which is an underwear manufacturer because jamie diamond has had to change his underwear like every five minutes that's what inspired him to do that well then she she does go on to. actually talk about j.p. morgan. basically manipulating many commodity markets from the gold market to the copper market and to the silver market she mentions our campaign of shorting silver now i want this final clip to look at this a call or you know somebody called them and he was from georgia and he basically said he called for other friends of christ to condemn the people who took out the mortgages that they were the ones to blame for all of this and it was because of the mortgage holders that the entire financial system collapsed and this is some of her response and yet it seems that people are being vilified in this country for the mere fact that they owe money and guess what being delinquent is not a crime. being foreclosed upon is not a crime. going into bankruptcy in this c

decent rate of return certainly you've got stallworth's of this approach with investors like warren buffett proving the value approach but over the longer time now a timeframe we are looking at a situation where the stocks that you're talking about of course are priced in dollars and the u.s. dollar itself is being attacked with all this quantitative easing and fed printing of money and so even if you're up on a percent if you're under up one hundred percent in dollar terms and the u.s. dollar crashes as many argue that it is crashing you're still left with zero. the end of the day are you also looking at some of these other more i mean is our precious metals the only way to hedge against the falling crashing dollar or are you looking at stocks in other countries as well well i think select stocks i need to have so i think are still very strong in spite of what you mentioned there because as long as they're tied to things i've been telling my clients and students in recent years that they should only be considering stocks and e.t.f. in those companies and sectors that are tied to human need

if you were one of the top one percent would you feel the same way apps yes i believe i would warren buffett does that he's at the top of the top so why do lot of people say it's a way of punishing them for their success because they listen to fox news what kind of car would be your dream car bloomberg you meet or. if you had a lamborghini how would you feel driving it past someone that's homeless pick them up and go for right. with the residents here in an hour's time in a few minutes from now r t explores the emerging ultra right wing religious movement in the u.s. before then i'll have a recap of the week's top stories and of course today's headlines stay with us. for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers on our t.v. . in india ulti is available in the movie the joint the poto.

not the warren buffetts, they'll still have accountants to find out how to move income to different places, how to make it part of something that's not taxable, all of that will hoeppner super wealthy, but there was a book, i recall, back in the 1990's, i believe, about millionaires in america and i recall reading that the most popular vehicle for millionaires in america to drive was not what one might think. not a lexus, not a mercedes, not a really high powered car. the most popular vehicle, according to what i read, for millionaires in america, was a ford f-150 truck. and yet, friends across the aisle try to paint millionaires as being, you know, these mean-spirited people that just want to take all the money for the poor. they'd like to hang on to what they built in their lifetime and paid taxes on, but these aren't the warren buffetts, the bill gates, the michael dells, where they can adjust income the way they take it and avoid paying taxes at the same rate as people even in the lowest tax rate. these are people who build businesses from nothing and along comes the federal government

the first $250,000 earned by bill gates and warren buffett and donald trump. they would get a tax cut on their first $250,000 of income. a lot of people don't understand that. they think the proposal is if you have over $250,000 of this can, you don't get a tax cut. that's not true. mrs. mccaskill: mr. president, would the senator yield for just one question? mr. dorgan: i would be happy to yield. mrs. mccaskill: i think the point you're making here is real important and i want to ask a question through the chair. so what we just voted on basically that 53 members of the senate, which used to be a winning number around the united states senate until this new era of we've got to have 60 votes for motherhood and apple pie, 53 members of the senate voted to make sure that everyone in america had no tax increase on their first million dollars of income; is that correct? mr. dorgan: correct. mrs. mccaskill: so it's not that we're not passing a tax cut for everyone. we're passing a tax cut for every person in america. we're just saying, maybe on that second millio

it was established by bill gates and warren buffett. >>> and oprah winfrey is getting to know koalasd gayle king held koalas at a wildlife park there. it's part of her ultimate australian adventure. the trip is being taped for a future episode of her talk show. >>> katie couric now has a preview of tonight's "cbs evening news." >> can the war in afghanistan ever be won? we'll put that in focus tonight only on the "cbs evening news." now back to "the early show." >>> in focus now, four minutes past the hour, dave price live in living color on the plaza. >> nice to see, you jeff. do not adjust the colors on your television set. we've got a lovely crowd out here. we'll talk to you in a little while because we've got serious weather stuff to get to right now. lots of stuff brewing all over the country. bitter cold here in the northeast. let's go to the mapping right now and see what's going on. good news is that lake-effect activity begins to die down just a little bit. one to three inches. that's really not a lot when you're talking about the totals in some cases which are up to four fe

>> warren buffett has been practically begging the country, begging congress to tax him more., many of the richest americans, like buffet, bill and melinda gates, and ted turner, say they should pay higher tax. >> please raise taxes? pretty please? i mean, sounds like nancy pelosi. >> you know, sean, that's the point. if these media people could just put down their democratic party talking points for a minute and report facts it would be different. if they reported how 1% of taxpayers -- the top 1% pay 40% of all taxes, the top 5% pay more than thess of the 95% campaigned, if they told that story, there wouldn't be a need for democratic talking points. >> sean: that's a good point. every terrorist fighting tactic that george bush used, he was labeled a dictator out of control. now new tactics, people being groped or fondled as they go through the airport, or full-body scan that shows them naked. let's look at the media bias in this case. >> minor inconvenience people have to go through. it's not ideal, we should mix it, but people getting very upset about something that's not

promising to give away at half of their fortunes. 57 billionaires have joined the pledge led by warren buffettt money or tell them how to dish it out, it just gets the commitment from the charities. zuckerberg's cofounder also joined that pledge. >> a cal swim coach is the first woman ever chose tone head up the women's swim team. she is already counting down to the 2012 london games. the long time coach at the university of california was an assistant coach and will head the women's squad at the next olympics. she will be the first to serve in a head coaching role for the u.s. olympic swim team. >> being named olympic coach is obviously a huge honor. maybe some day it won't be as noteworthy as whether you are male or female. >> 2012 games are still 595 days away and just like in years past, nbc bay area is your official statement. lead to nbc bay area for stories leading up to the 2012 games. >> 6:37 and your office party could be a sign that better time are on the way. find out why. >> a scientist is a hero connected to the bp oil spill. see what he figured out in a live report. >> we are tr

. >>> president obama hosting bill gates and warren buffett at the white house.during that meeting? gloria borger is next with your political ticker. >>> before we go to break, it is the time of year when people open their hearts and wall lots for their favorite cause. which city in the u.s. is most charitable? "the daily beast" website factored in average household income, donations and the number of people who volunteer each year. so let's show you the list. number five, the big d., dallas, texas. number four, cnn's world headquarters here in atlanta. number three, kansas city. so is your list on the list? find out after the break. i'm hugh jidette and i'm running for president. i'll say a lot of things but do i really care about this baby's future? when he's 30 years old our $13 trillion debt will be $70 trillion eventually his taxes will double just to pay the interest. i'm hugh jidette and i say let's keep borrowing and stick our kids with the tab. >>> rounding out the top five most charitable cities here in the u.s. according to thedailybeast.com, the good