for yearse sat down ago, investment has increased, not decreased.or all the talk and optimism about reform, the results still showed that in fact it is not happening. that is the troubling -- the dramatic, shift they are trying to impede is an export economy to a domestic demand economy. they hope they have a rising middle class that will enable that and manufacture all these things and it goes on and on. thinke saying you don't they are able to do that within any reasonable amount of time? lessrst of all, it is much an export economy than people think. last year was only a couple of percentage of gdp. this is down double digits from a couple of years ago. nhis is still basically a economy of consumption and investment. they have to flip it. they have to flip basically so that the ongoing consumption re a recurring form of growth as opposed to more projects because ultimately, you end up with no projects. that is still the issue that they cannot seem to navigate. every time the economy slows, i like to joke that china is the only economy where when

same time when they determined what kind of penalties to impose after what happenedñiç here fou yearsing. >> we're calling for president peavy's immediate removal and a state investigation into this matter. >> reporter: sam bruno mayor reserved his harshest criticism for president michael peavy. >> he has knowingly and illegally participated in illegal communications as they received fees for the 2010 gas line explosion and fire in our community. >> reporter: it reveals they violated their own rules by receiving privileged information from the utility on its internal deliberations and financial conditions stemming from the pipeline disaster. in one e-mail after a hearingñr peavy's chief of staff tells a pg and e official, thing you have two ways of going. you may want to chat with your let puig, send back a sweet note saying the issue is moot, answer the simple questions and reject the others. and in another e-mail a staffer gives a heads-up to them on the you talt's financial status. fyi, they notified us they'll be downgrading pg&e's rating by onó not today. >> the utility funded natio

so at this point in time clipper has been in full operation on muni for nearly four yearsed. currently clipper tags constitute nearly half of usage across the bay area and within the muni system, nearly half of all muni boards aring are associated with clipper tags. at this juncture, there are 118 clipper retailers across the city in addition, to the muni ticket vending machines that dispense both adult clipper [ka-rdz/] and offer opportunity to add to the clipper cards. sales across the vendor network do vary with some conducting a high level of sales and others have little sales and we're currently papering with mtc to allocate some of the lower performing vendors for better geographic position across the city. that is just a few comments from the muni perspective. the purpose is to have a more global view from carol and i will transition to her at this time. >> great. good afternoon. my name is carol and i work at metropolitan transportation commission and i'm director of the electronic payments unit and we're responsible for delivering the clipper program, as well as fast

germanyee here, yearsed 209,525% in the 1920 to 1923. down here. 260.2 to theering second power. i can't figure that out because it is not -- i am not a mathematician. x 10 to the 16th power. there are a lot of countries that fell apart. andia 391% between 1992 1994. these things are happening all over the world as we speak. the's why as i end presentation, a hard asset still -- there's a reason to hold hard assets because you never know will happen to your paper money. >> hard assets. and you mentioned sober -- silver etf's, that that is not a hard asset. >> yes. it is a security. you are right. if you are concerned about the exchanges not fulfilling their requirements which is holding the silver in the vault. but you can buy physical gold. and coins, silver eagles. bars. if you hold bars that is more complicated to trade. it's much harder. they will not trust them. they will have to drill them. there is a lot of counterfeiting going on. you have work with reputable people. reserveame as bullion of north america. >> is that a company that went under? >> there was very little the

. >> now an amazing pay it forward story. 0 yearsing ayes one family lost their son, his pancreas went on to save the life of a young man, today, those families are about to give, and get, the giflt of life. >> these surgeons have been doing transplants for years, this without a doubt is the first. bill millard needs a transplant and will get his life back, tomorrow, from someone he helped years ago. >> and this year, i was really sick. >> bill is about to get a kidney that will save his life. how he met the donor nearly ten years ago his son suffered an accident the mallard's made the hard decision to donate organs. his pancreas helped save the life of a then 9-year-old boy named jake. these are the two families sitting together with the three surgeon who's will perform the transplant tomorrow morning. the donor is the mother of the boy that received caleb's pancreas. this shows how it came to be. mallard lost his son, his pancreas given to jake, his mother will now donate her kidney to bill mallard. >> jake has done so well. it's been the best. yes. i did have a question was to pass

we are in trouble. 238 yearsing on. 56 brave men affixed the names to the document that declared theirnce of king george from great britain. they were tired of taxation. they wanted for their children real liberty. the ability it own land and make their own future and not be limited by the last name and how much land their father owned and what he did for a living and what he was related. to they declared independence from an over reaching government and acknowledged god has life, liberty and pursuit of happiness. they were shop keep ares and farmers and teachers and preachers who took the muskets off of the mantels and better equipped to hunt rabbits than standing up to the best dressed and equipped army of all time. they knew their experiment fails, it would not only be paid for with higher taxes but their lives. we created a holiday on the holy day in which our forefathers gave us an important gift. they gave us a right to determine our own future and considered equal to all and inferior to none. they risked all to pass down to future generations a legacy of personal freedom to live

. >> now an amazing pay it forward story. 0 yearsing ayes one family lost their son, his pancreas went on to save the life of a young man, today, those families are about to give, and get, the giflt of life. >> these surgeons have been doing transplants for years, this without a doubt is the first. bill millard needs a transplant and will get his life back, tomorrow, from someone he helped years ago. >> and this year, i was really sick. >> bill is about to get a kidney that will save hislife. how he met the donor nearly ten years ago his son suffered an accident the mallard's made the hard decision to donate organs. his pancreas helped save the life of a then 9-year-old boy named jake. these are the two families sitting together with the three surgeon who's will perform the transplant tomorrow morning. the donor is the mother of the boy that received caleb's pancreas. this shows how it came to be. mallard lost his son, his pancreas given to jake, his mother will now donate her kidney to bill mallard. >> jake has done so well. it's been the best. yes. i did have a question was to pass t

same time when they determined what kind of penalties to impose after what happenedñiç here fou yearsingion into this matter. >> reporter: sam bruno mayor reserved his harshest criticism for president michael peavy. >> he has knowingly and illegally participated in illegal communications as they received fees for the 2010 gas line explosion and fire in our community. >> reporter: it reveals they violated their own rules by receiving privileged information from the utility on its internal deliberations and financial conditions stemming from the pipeline di

i have been following it for a couple of yearses in syria and the last year or so in iraq.s. it has thousands of members, hundreds at least with european passports. it is extremely ambitious. it is not simply interested in carving out a little mini state. it's now calling it a caliphate straddling iraq and syria. it has global ambitions. today, the leader of the group who is now the caliph gave a national address issuing a statement calling on muslims from all over the world to come here and fight. this is not just a regional problem. this is a global problem. the united states and many americans may have forgotten about this or want to forget about this militant group but this group thinks a lot about the united states. >> are they in position right now if they wanted to pull something off, are they in position now to do it or is this something we are talking about maybe a year or two down the road? is this right now? >> i think it is right now. i think right now the group is clearly focused on fighting in mosul, launching against baghdad. when you have that much capacity,

thing in the next three to four months that change the longer-term growth in the next two to three yearsful that's the innovation peace that is not reflected in the stock. >> gene, it's karen. i normally don't like the idea of a multiple expansion to be a part of story, where do you think it could get to if it gets rerated? what kind of multiple do you think it needs to get? >> it comes down to what the earnings growth will be. investors believe this is a growth story. right now our 105 target is based on 2015 earnings. given the capital and the potential growth rate, i don't want to put a target out there. >> that could be adjusting our target. i could comfortably see expansion in that. >> you mentioned that in order for a growth story, you need one piece, an infoization piece, what would lead us to believe the innovation is, in fact, there. we know about the iwatch and larger iphone, is that enough in your view? >> no, it's probably not enough. that's the product cycle part of the story. the real true infoization and true growth needs to come from more of a platform-type of a play. it's t

for seven years last month, and also sentenced for seven yearses plus an additional three years nor possessing spent bullet which he picked up at a protoast, al jazeera continues to demand that it's journalists with freed. >> in hang on thursday, and friday. government troops now fighting to take the field back from the armed group. now let's cross back in london for more news, from europe. >> thank you, yes, the british government is opening a public inquiry into the 2006 poisons of the former fie on his death bed, accused the kremlin of poisons him with radio active tea. now the investigation will exam whether the state had a hand in his death. reports from moscow. looked into a camera lenes for what may well with have been the hahs time. just days later he was dead, and his when marry row and liver destroyed by radio active poison. ma rhine that his widow has long lobbied an often reluctant government to devil into the circumstances of his death, now politicians have is decided the time is right for an inquiry. it happened to be a very difficult situation in the war with, and relationship b

after a serving seven yearses in the air force he's received an honorable discharge and has begun to establish himself. >> i like it out there. sunny. easy to meet people. i got a job with the post office, bought a home, doing well. living a good life. >> crone frequents the cbs is restaurant and lounge where he plays in a dart league. he meet it is bar manager, 36-year-old kim ancona. >> she was a nice girl. i talked with her at times. i guess she liked me and talked to her girlfriends about me. it never went any farther than that. >> on the morning of december 29, 1991, kim's body is found in nen's restaurant of the restaurant and lounge. she has been raped and stabbed to death. >> her body was nude, spread eagle. the clothing was cut off and was strewn around the men's room. it was a horrific-looking crime scene. >> it appeared to police she was in the process of closing the bar when she was murdered. they estimate she was killed shortly after 2:00 a.m. >> one with of the key pieces of evidence the police noted right away was a pattern injure ary on her breast. they suspected a bi

six yearses and counting after the great financial crisis. my framework for sort of considering that is that i think it's sort of a slow but steady push there. to underscore this consistency, economic data, but also consistency on investor flows is also important. it's nothing dramatic here, but over the last 12 months they've been much more consistent coming into equities than they had been at any point prior going back to the great financial crisis. >> michael, thank you so much. >>> let's take a look at today's top russian stories. pro russian rebels erected new barricades in donetsk. president poroshenko has said the conflict is at a turning point with the government saying we'll act quickly to seize back more territory from the rebels. >>> israel bombed more than 30 targets in the gaza strip as prime minister benjamin netanyahu pledged to do whatever is necessary to restore quiet to southern israeli community. this comes as a senior iraqi official was killed in baghdad. hours later, four civilians and three police officers were killed in

. >> about three yearsing. >> right. >> and you decided to start working out. >> right. >> explain your story. >> it was painful, long story because it got to the point where i got to hurt myself. so get myself out of this world so people could just back off and get away from me and leave me alone. >> but you turned it around, started working out. >> yes. >> you have been working out for three years now. >> yep. >> you won couple of competition. >> i got nine titles, eight body building titles, you know, hard work. >> that's impressive watch would you tell the kids out there right now that are getting bullied. >> don't give up. don't let nobody change you. no matter what, keep doing what you are doing. somebody will walk up to you and be like oh, you're week, your awe skinny, you can't do there is can't do that. don't listen. just keep doing what you are doing. coach telling you no you're not strong enough, not big enough to play this, show to up practice every day, aim for that position. somebody smacking your head at school? that's cool. tell somebody. right? because one day there is

. >> three yearsing. >> what was it? liver. >> how are you kneeling. >> good. >> what's your event? >> basketball. >> go get them. >> hi, mike, i'm fate. hi, i received kidney and pea cran as from my donor 22 years ago, and i'm competing in volleyball and softball. >> did you meet the family? >> why yes. >> did you? >> yes. >> what do you say to them? >> just thank you, i'm do my very best with these gifts, thank you for everything. >> next? >> so melissa, and i received sean's gift of life. i received kidney six years ago, and his parents, ellen, andy, brother brian, gave me the best chance at life. and this is the magic happens at the transplant games. we don't feel sick any more. >> you look great. >> who is next, you? my name is phil had liver transplant last july 29. competing in singles doling and doubles bowling. >> congratulations. >> thank you. >> you? >> i'm competing in bowling and volleyball. i have had two liver transplants, 1994 and 120006. >> going strong. >> yes. >> laverne, and i had transplant. >> okay.

. >> yearses ago a bunch of us had dinner with him at george will's house just before the inauguration he was congenial. i know it's off the record but did you make any progress on dropping the corporate tax rate you and feldstein? you can tell us this is off the record. >> you just can't talk about what the other guys talk about. and i think larry intuited what i'd be talking about because the only thing i'd ever talk about, maybe 17 years which is cutting the corporate rate. i think that if you look at the things the president's proposed in the past, that there's a lot of hope. he's not really that far from the dave camp bill and he wants to lower corporate tax. it's something that he mentioned in the campaign. exactly what you pair it with in order to base broaden and get the revenue back is the thing that's been the hang-up and frankly what i think we should do is give up worrying about near term static scorers because the corporate tax is so high that's it's on the wrong side of the laffer curve. >> you've got a high tax rate and you've got a million deductions so you get low reve