the sec has to do a study before they can do that, but we expect that within the next year, the sec will be doing something on this. host: california, henry, independent line. caller: the banks, they want you to save money. i have some money stashed away in the bank. i used to get 5% on savings persevered -- savings certificates. i now get 3%. let's straighten this thing out. they give me nothing. why should i even save a buck? i altered the whole -- i ought to the whole. it would pay me -- i ought to dig a hole. it would pay me just as much. host: lynn turner? guest: it is the result of interest rates going down in this country to historical lows. the raid that the fed charges banks for lending are well under 1% now. they are abnormally low compared to what they have been. certainly, that we have expected in the past. -- then what we have expected in the past. the amount of money that you get on a cd goes down as well and that is a natural consequence of that. i do not see that changing any time soon. your caller, and any investor, is probably well advised to talk to an investment advis

>> the sec concept release is all about that. i think we want to make sure we are not duplicating what they're doing, and moving on beyond that. those issues are there. that has been on the table for three or four months. 0 foot, we will be able to add to that. >> could i make a comment about staffing? we do not have an identifiable staff that reports to us. i presume the sec staff and the cftc staff are available to us. i would hope that we would receive from the joint staffs a summary of the various suggestions that have been made, so that we would not be starting from scratch when we receive a document from you in september. >> i think, davn excellent suggestion. technically spei tim, are jim and pam -- you not the official committee staff? can you follow up what are the things -- with what are the things outside market experts and analysts have suggested? that is what you're really saying. >> yes, so we can consider that in a time frame between now, and the time we received the report so that the report has some relevance for

the bridge should return to us as the sec same kind of review. >> this is owned by the city, anyway. >> in regards to the portion of the amendment that this is only be used for pike, a pedestrian, and transit, why don't we give i doubt that peace? is there a second? second it. can we take this without objection? with regards to the rest of the amendment, can we take it roll call? >> no. >> aye. >> no. >>aye. >> aye. >> no. >> no. >> aye. >> no. >> no. >> aye. >> the motion fails. >> can we move to the changes? i understand this has been amended. can we take this without objection? >> in forcible -- plain language, forcible commitments? >> can we take this as amended? >> yes. >> we can move to the next amendment regarding public power. is there any further discussion? a roll call vote. >> >> aye. >> aye. >> no. >> aye. >> aye. >> aye. >> aye. >> aye. >> aye. >> aye. >> aye. >> the motion passes. we can now move to the amendment regarding work force development and the report requirement. colleagues, adding further discussion? this amendment will be made. we can now move to the next am

each of the agencies involved in implementing reform, treasury, the federal reserve, the sec, the sec and others are in the process of outlining how they propose to prioritized the rules. they now have to write initial dates when the public can comment on those rules. in september, when the new oversight council first meets, we will establish this integrated road map for these first stages of reform and put that in the public domain. i want to provide you with a brief introduction to the steps we expect to take in four of the most important areas of reform over the next several months. first on consumer protection -- we want to move quickly to give consumers simpler disclosure for credit cards, auto loans, and mortgages so they can make better choices more responsibly and compare costs and services. one of the ways we intend to do that is by combining the two existing separate and inconsistent federal mortgage disclosure forms that consumers presently get rid we will convene mortgage companies, consumer advocates, mortgage counselors and others how to do that. we'll do that next month

you can do some judicial review, but it is up to the sec. consequently, if your claim has no merit, in the false claims act if you pursue the claim you can get countersued for the attorney fee of the company. there is this incentive on pursuing week or frivolous claims. if you look at the $25 billion recovered under the false claims act, there is no example of someone getting counter-claim to frivolously. host: columbus, ohio, independent line, good morning. caller: good morning. who do you report to when it is the government that is derelict in their duties? let me give you example, i am a retired freemason. at some point our pension under the act, according to the web site the agency charged with enforcing, i contacted them because the plan administrator gave me the runaround of my attention. three weeks ago i was told that they do not enforce the laws when it involves one person. when you are getting figures like this by the government, whom do you report that to? guest: there is an office of the inspector general, they are suppose to be

the sec runs the oversight of the trading in markets. karomoser and andre caroling linko are also available to help out. i want to turn to my fellow commissioners, mike dunne and joan sommers. i think each have some thoughts. >> thank you very much, mr. chairman. first and foremost, i would like to build on what you are just -- what you were just saying and recognize the importance of this advisory committee to us to ensure that we have an orderly working marketplace. balad falls on your shoulder. lot falls on-- all loa your shoulders. i appreciate your efforts. i just finished reading joe "freefall."ook, since we are not paying, i can plug them. [laughter] not the advisory committee, but the panel members have said that what happened on may 6 can happen again. in fact, they expect it to. mr. chairman, you made the analogy of the terrebonne auto accident that i was involved in -- of the terrible auto accident that i was involved in and how it happened in very quick time and it was the same with these stocks. but in my case, somebody brok

i know that when you're at the sec, you try to do that, but now congress has given the sec the necessary authority. i do look forward to that. our meetings to date have been remarkable. we set up 30 teams. the sec set up a different set of teams. you all have more work than we do, but some of these teams have met five or six times already, exchange e-mails, and really worked in a cooperative way. we do not always agree, but where we disagree, hopefully we will disagree agreeably. i want to thank you for that of script. the agency's are also working together on the issues around may 6th. the advisory committee and expert panelists we're going to hear from today are critical with regard to this review. i want to thank the staff for all of their hard work and planning this meeting and of course, everything they're doing around may 6th. i want to thank my fellow commissioners. the market events of may 6th to require continued review. the staffs of the joint agencies put out a report may 18th which was only 12 days after -- i guess with the whole rule writing we will have to have similar dead

dinero y se ha visto en el caso de celia lora, de ana bárbara, no es que este mal se abusa una cosa que sec castigue al culpabe otra cosa es la extorsión y creo que el caso de williams es algo parecido seguramente. >>> otros artistas también le han cumbre sad su apoyo entre ellos jacqueline bracamonte que lo hizo a través de una red social. >>> aseguran que fue dada de alta alejandra guzmán, la cantan anuncio en una red social salí del hospital, su madre sylvia pinal dijo que todo fue por una intoxicación por medicamentos pero no es de nuestro querido amigo, omar cruz. >>> qué bien, continuamos aquí de fiesta con esta producción de univision, y seguimos presentando las estrellas de mira quien baila se une a la lista john secada y tony dandrade nos cuenta más la carrera de john secada comenzó a despuntar a principio de los 80... en el 91 se lanzó como solista y bautizó su producción con su nombre... después de de 2 debiécada regrea demostrar sus dotes de bailarín y a sus 48 años que está en la mejor forma de su vida. >>> tú deberías estar en el show también. >>> antes d

s.o.t. 11 secs. apesar del corto tiempo que tuvieron para instalar las aulas portatil, el trabajo fue obra de los padres de familia, comercios locales y el distrito escolar que trabajaron juntos para completar las reparaciones. al norte de california...el distrito escolar de elk grove estreno edificio nuevo en una de sus escuelas..... santiago lucero nos cuenta como a pesar de esta buena noticia...hay maestros que temen despidos... ácg bnr temor de despidos leslie valdez ama la educacion trabajo...estan sin marzo pasado aun despedidos en maestros los 26 mil california 14 mil de maestros de asociacion de segun la segun la asociacion de maestros de california 14 mil de los 26 mil maestros despedidos en marzo pasado aun estan sin trabajo... hay buenas noticias en la comunida latina en lo qu resepecta al rendimiento academico de los ni#os.--segun un estudio por lo menos en el condado de santa clara los estudiantes latino siguen achicando la brecha en los resultados que sacan en los examenes comparacion

the first is on the sunnyvale area, the sec as on great impact. after that we will discuss the first level of service. to make things easier, in the back of your work book there is a large size worksheet. what it has on it are the goals , and in the next column the associated levels of service, the implementation strategy, and the projects that have been proposed. essentially you can follow from left to right. all of the projects discussed today are part of the proposed program. but i think of this will help. we have been working from top to bottom in attempting to achieve checkmark agreements on goals for a level of service, which is how the slides are formatted. unfortunately these slides are fairly small. ok, let's get going. this is the sixth and seventh workshop today. we have talked about how the system works, how it operates challenges, differing performances and how we wanted to perform. we have discussed priorities. what has come out of the long term planning process over the last several months. public priorities, commission priorities,

piedmont gardens, a grand lake gardens could get fired for being out sec 5-days even more. even with a doctor's note. a spokesperson says they continue to have talks with the union and temporary work has been brought and with people that are on strike. two giant cranes, from the port of oakland, to the point of boston. each crane is the height of a 12 story building. to accommodate flight safety with the naval air station. in a service, through a boston. and boston needs it because their terminal is closed to the airport. >> a live look outside for more mount pam cam and looking into the bay sunny skies. and however, on the coastline some coast fog. and temperatures, a cool for the coastline of the fog has been hanging on all day. 60 degrees in san francisco, 59 degrees in half moon bay and inland, warmer war should be for this time of year. upper 80s, 90s, and upper 80s, 90s in livermore, concord. . verisimilar to warsaw last night. have fog is going be pushing in all verisimilar twice all last night. patchy fog along the delta, and east bay, the peninsula. clear in the so

i could not agree more with sec -- senator boxer. he is a breath of fresh air, a man of great courage and vision. when ray lahood became the secretary of transportation, he brought with him a vision of transforming communities through transportation. nominating him, then-president- elect obama said that fewer understand the challenge better than the man that i am asking to the department of transportation. ray lahood lead to an agency with more than 150,000 employees and a $7 billion budget. today, he is paving the way for sustainable and livable projects to move forward, such as the transbay transit center. mr. secretary, thank you for everything you are doing to move the safety and movement of people, goods, and for your support of the transbay project. >> thank you. good morning, san francisco. i am delighted to be here. i asked the mayor -- let me put it this way. i go to a lot of the bench, and i judge them by how many people show up and how much media shows up. this is a big deal. [applause] i asked the mayor who all these peop

the joint cftc-sec report also highlighted accenture trading on the day. this brought further attention to the company. the partial trade cancellations have had an ongoing adverse affect on historic trading records. after may 6, exchanges canceled stocks between 2:00 43:00 that were far away from the last trade. this arbitrary pricing threshold cost the 52-week low to be misleading to investors. it is disappointing that the 52- week low for eccentric stock is currently around $70. the reflects the malfunctioning of the market-making process on may 6 and not be true 52-week low. the low point on the new york stock exchange on that date was different. we commend the sec and exchanges for proposing new rules for canceling clearly in erroneous trades. we support efficient and fair markets. we also understand that the markets need to be governed by some rules. increased competition with more and better technology all the time has been good for the markets. it has driven down the cost of trading. nine years ago, a substantial majority of our trades occurred on o

to highlight the fact that we are continuing through our real estate staff to work closely with the sec -- with the lessees at the horse stable prior to construction, which is scheduled for the beginning of next year. construction challenges -- we issued our first ncp on the irvington tunnel project in july. what we're doing, because of the permitting issue that i talked about earlier, some of these permits are taking longer to secure. what we're doing is following an approach here where we are issuing --h we negotiated with the contractor to issue multiple ñrthe first allows the contacted to begin for chairman, some metals, and some field survey. we can then secure land and issue an additional for the f -- the first allows the contractor to begin procurements, submittals, and some field surveys. one challenge we are encountering on the bay division pipeline 5 project, we have encountered a high concentration of nickel in some of the soil we dug up for trenching activity, so that will be requiring special hazardous material handling and compliance with more stringent disposal requireme

>> we don't take more from the private sec and grow government with it and that's exactly what obama has in mind. it's idiotic t othink about increasing taxes at a time like this. chris: for his part president ob a ishitting the familiar democratic line, that republicans cater to the rich. >> they want to extend the bush tax cuts for millionaires and billionaires. i don't understand. how do you get up here and talk about how you care so deeply about the deficit and yet you want to perpetuate a tax cut that cost $700 billion. chris: is the president right? is it good policy to raise taxes on the rich to fight the deficit? >> i don't know that they're going to use it to fight the deficit. last year the number of m ears and billionaire in america up 13%, average wages were flat. it's not an insignificant thing to do. we're talking about 35% to 39.6%. the -- we're not talking about something transformative like kennedy who cut the taxes from 90% to 70 phil esposito or reagan who cut them to 15%. chris: is it smart for them to use the old democrat religion, basically that this is about fa

web producer with kimberly sec about tells us what she's disclosing trade she calls a onetime discussion of her side of the story. this is the cover the issue that said its stance soon. in an interview she said she is completely blocked by the woods extramarital she is just as surprised as the rest of the world at the persona of a dedicated competitor and family man. through all the drama in the scandal she took my classe'' to pursue a degree in psychology she said she's 40 credits short of a bachelor degree in cyc and hopes to follow with the masters at some point in the future work as a therapist herself. for all the details from this exclusive interview visit our whats on the web section on www.kron4.com. >> a live look good cited traffic this is in san jose the headlights' are southbound but as you can see north and southbound temperatures relatively good. we'll be right back much worn and now for tech talk with gabe slate. good brains to keep the negative side effect of devices and our life. coming into different universities all the gadgets in our life for depriving her of the brai

my daughter is sec. i worry for them both. -- is sick. i worry for them both. people here have always lived hand to mouth. what little food they have is running out and the water is still rising. back up in the air, a moment's rest. the crew expects to be flying relief missions for months to come. >> taliban fighters have killed eight afghan police in the northern city. the officers were attacked before dawn as they slept in their headquarters. militants have been increasingly active in the north of afghanistan against police to route the country. he has only been japan's prime minister since june. he is being challenged for his leadership. if he succeeds, he would automatically take over as prime minister. the health minister in nigeria is warning that the country is at risk of cholera. it has killed more than 350 people in the past three months. the un security council has banned in emergency session to consider packs of stunning brutality. members gathered to express their brutality and the rapes of 150 women and children in the democratic republic of congo.

you can do some judicial review, but it is up to the sec. consequently, if your claim has no merit, in the false claims act if you pursue the claim you can get countersued for the attorney fee of the company. there is this incentive on pursuing week or frivolous claims. if you look at the $25 billion recovered under the false claims act, there is no example of someone getting counter-claim to frivolously. host: columbus, ohio, independent line, good morning. caller: good morning. who do you report to when it is the government that is derelict in their duties? let me give you example, i am a retired freemason. at some point our pension under the act, according to the web site the agency charged with enforcing, i contacted them because the plan administrator gave me the runaround of my attention. three weeks ago i was told that they do not enforce the laws when it involves one person. when you are getting figures like this by the government, whom do you report that to? guest: there is an office of the inspector general, they are suppose to be

operation sec is really referred to as the enforcement of constitutional order in the territory of. yes i will cop to face something really terrible. there was a deafening noise everything was shaking. and the women in the streets crying. as if we had launched into. after the will cain explosion. the independent journalist work in a city it was seen by many in georgia as a betrayal of his country. i know of no journalist i wouldn't want to go to. to get the facts but all of the state media summed up my work as high treason nobody knows what sort of film it will be nobody knows what materials i have that the government's reaction is a kind of attempt at self defense realizes that many facts exist and that it's better for them these are exposed by discredits a journalist as a traitor. work on the film after his return from south. interview with european human rights activists in geneva. departure there he received hints to the effect that he'd better stay in geneva as long as his large family wanted to stay in georgia who. had lots of problems after my return from so . i don't wish to

kron 4 mark jones says when police arrived sec your honor map of the scene of the burglary answered the door. >> the holder was on vacation. police say the burglar was armed with a gun that they did know that when they knocked on the front door. >> a ride to the actions spoke to the suspect at the front door, the suspect was portraying that he was the resident. the officers that pass the suspect to shows hands because he is concealing a hand. the suspect didn't comply and slammed the door in the officer's face. >> ball to the lock in red to the back there is an officer in the backyard. the suspect ended up in one of the bedrooms. officers forced open the front door and sent in a police dog named for. please a 29 year-old christopher johnson what a long criminal history fire two shots one of them had the dog. then they say they aim the gun at the officers and the return fire. johnson was declared dead at the scene. the homeowner return home friday afternoon and said he never seen the man. officers are physically on armed you can see the bullet wound in his blood picture will be ok. in an

that's when the sec officers shot at him. the suspect was taken in the hospital where he was pronounced dead. both officers were involved have been set on paid administrative leave. >> are extended forecast temperatures are up and down through the week. it will be course for the week and told hold lot more cash coming up in a few minutes. a my mercury moment happened during our family camping trip. i grabbed my son a juice box...and left the cooler lid open. twenty minutes later, all our hot dogs were gone. and so was most of the car. my mercury agent, steve, told me the car was covered. i switched to mercury because i saved hundreds of dollars on my car insurance, but it was the service that really made me a happy camper... er...ex-camper. call 888-4-mercury or visit mercuryinsurance.com to get a fast, free quote and start saving today. and who live look outside from our mount tam cam this afternoon gorgeous sunny skies to the bay area even along the coast line. it's been awhile since to be seen such an all up and down the c

i could not agree more with sec -- senator boxer. he is a breath of fresh air, a man of great courage and vision. when ray lahood became the secretary of transportation, he brought with him a vision of transforming communities through transportation. nominating

we're going to see another very hot day out there tomorrow the heat advisory to the sec for much of the bay area all the areas you see how lead in the north under screen it's all the lower elevations. the higher elevations and not is not included in this puts virtually the entire bay area full of hot weather that's going to continue in tomorrow will be towards world and today many spots of in a hundred degrees out there tomorrow. it is that the coast line 90s for a bay shore. take a look of the temperatures on future cast your courage to start the day of the of one your screen all temperatures in the '70s at 7:00 a.m.. at noon all the red on your screen, all temperatures already into the '90s the orange temperatures in the '80s. '80s and '90s for the most part and noon and will be taught in the triple digits especially britain and spots per field, antioch, concord all topping the country. hundred napa, 101 and santa rosa, 1 06 in antioch 378 in half moon bay, 88 san francisco, 94 redwood city and nearly the triple digits down in the south bay temperatures about 15 degrees the he will co

the sec has brought action here. the sec brought similar action against the city of san diego which had a similar problem. i think there are other states and i suspect other cases coming down the road. this is a big, multi-trillion dollar problem for the states as well as for the cities and municipalities. we saw with san diego, it is also a problem with many cities, causes huge problems for the muni market, some investors need to pay attention to. >> lynn turner, we appreciate your time. that does it for today's "washington journal." tomorrow, we will continue to look at our financial series, what we can do to prevent a future financial crisis. we want to take you now to our live coverage at the national center of addition, -- addiction report. they have a new report on attitudes toward substance abuse. guest: [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> good morning, this 15th annual back-to-school survey continues the need effort of the nationa