my preference in terms of addressing the long-term deficit is to take a long-term perspective. it's a long-term problem. if congress and the administration are able to make credible commitments to cutting programs or in the way changing the fiscal profile going forward over a long period of time, that is the most constructive way to address what is in fact a long- term problem. if the changes are focused entirely on the short run, they might have some consequences for growth, and in that case the federal reserve, which is as always going to set monetary policy to meet our mandate, we will take those into account properly. but so far i have not seen any fiscal changes that have really changed our near-term outlook. >> thank you, mr. chairman. i would like to ask about the uncertainties in the global economy. in the meetings, the committee noted that the development increased uncertainties. what is the assessment of those risks for uncertainty such as the tragedy in japan or the crisis in europe, and the crisis in the middle east? what would be the potential effect on the u.s. an

, but the benefits are probably two fold in the long term. number one, generally speaking, it it would likely be less expensive to staff many of these positions with civilians. secondly, given the conversation about the expense of running an academy class and the time it takes to edit the we train an officer for that duty, at times, it is simpler and faster to hire a civilian, but i want to point out that hiring civilians is not an easy task either. then, third, frankly, in some cases, these are jobs where there are some you would want them to be provided by sworn police officers, other areas of professional. chair chu: what is the progress at responding to this report? is there a timeline we are looking at? >> timeline wise, no, man. we are looking at what can be done by a civilian. it does not necessarily need to be done by a sworn officer, such as taking reports, dealing with things that are several days old, and in some instances, there are agencies across the country that use service representatives to go out and do that. it is customer

a key issue on the long term acceptance is that we need a long-term accountable vision that we will go for a nuclear free carbon free energy system and if you build this transformation, if you combine this tnsformation with the long-term vision, acceptance will i incree. there are a lot of small pieces and legal procedures and public participation which could also contribute to an i incree of public acceptance. it is hard work, but it can be done. >> thank you. alternative to nuclear energy, that has been the focus at this hour. please stay with us. r

a new assignment for the president and congress: can't we clear up the long-term fiscal outlook without large tax increases that would discourage growth, and without reducing promises to current beneficiaries? we can strengthen our entitlement programs to augment and focus their support on lower-income americans. doing so gives the budget room to restore fiscal balance. the alternative-- don't act, don't tell-- weakens the future of our safety net and our living standards. the time to act is now. i'm glenn hubbard. >> tom: that's "nightly business report" for monday, april 4. i'm tom hudson. good night everyone, and goodnight to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

to fix it for the long term. i get to do that. i get to let the numbers speak as to what is necessary to make that system solvent. so that's exactly what i'm doing. you're right on point. first of all, i've actually kept in touch with jeff adache. i have not left him alone. these though he is ridiculed by all of the labor unions because of proposition b last year, and it was sounded defeated not so much because of what he was trying to do. i understand what he was try doing. he was trying to give a serious effort. it was the way in which he was doing it. the san francisco way of getting things done is you engage people. you don't tell them what the ultimate thing is. and tell them the right thing. we never accept that. if came into your neighborhood and told you what was right and wrong, you'd probably run me out. but if i came here and i respected you and got your input, you would welcome me a little bit more. that's the major difference because the numbers are not that far off from jeff's proposal and from the

the long-term fix is more difficult. we certainly recognize this at the local government level and the federal level. these are the things that people are looking at for the future. how do we manage this in the future. can we manage this and what will this do providing services? >> supervisor farrell? supervisor farrell: with these witnesses, have there been corrective actions taken? if you were going to have another report this year, the believe that these would be corrected? >> a lot of the management has implemented these procedures. we have not been looking at this. the materials are from the grant programs and not to the city. >> we should hear from some of the departments that are here, to discuss some of the steps that have been taken to address some of these issues. one thing that we are doing in this committee, we are reviewing the audits and reports and we want to give an opportunity for you to tell us what you are doing, to take any kind of action as we continue to monitor and come back and a future date, so t

outlook for us there from stable to negative that was based on the long term picture not. based on the very long term picture being fixed oh as a consequence of democrats or republicans getting together and they said that right there or right but my point is that receptacles they weren't talking about the problem with the debt ceiling limit they were talking about a long term problem there is not a long term problem we owe our debt in dollars and we will always be able to pay that and our debt is you know as a function as a percentage he less than half which pan's as for example yeah and it's not it's really nowhere near being a big problem really is a distraction we talk about the future what kind of economy we're going to leave to our children a lot more depends on what kind of unemployment long term unemployment we have put those to p. . were and were those to the economy as well the you know the lack of investment in the things that we need very well said mark thanks so much for drop by for it's. this is all happening again because right wing ideologues want to roll ba

standard and poors downgraded the long-term outlook for the nation negative sent stock plummeting and nationwide more states closer to 4 dollars for gallon of gasoline. something dealing in california and in the bay area for weeks. lillian is here with more on this latest economic news. lil yanl. >>reporter: it's already tuesday in asia and financial market there are sliding as much as one and a half percent. in reaction to what happened today on wall street. wall street ended the day with the dow down 140 points. worst day in a movement stock tumble after rating service lowered the outlook on u.s. debt from stable to negative. and said there's a 1 and 3 chance the rating on the debt could slip if washington doesn't come up with a plan. white house however tried to offer assurances. >> the fact that the republicans he and the republicans agree on a target of 4 trillion dollars in deficit reduction is enormously positive development. >>reporter: grim outlook have an affect on gas prices but unlake stock, they are not plummeting. they are soaring. and wall street is a quite accomplice.

the long term effects of chernobyl and they did the right thing they moved the population back they asked them to stay indoors and they didn't breathe in any radio that was in the air and most importantly they gave stable i had seen that's a mild side to those who were young and those who were pregnant at the time of their focus schieber accidents so many nobody's. got a lot of time but certainly people are being critical in the way the japanese

we have to focus on the long term in san francisco and focus on the long-term solution. if we pass a two-year fixed, in 12 months, we will have the debate again. we have a broad coalition of people who want to work on the issue to get a long-term solution done now. that is what we have to focus on. last week, i took two steps. i asked our budget and legislative analyst to conduct and complete a study on other technology hubs in the united states, from seattle down to silicon valley, acrostic austin, the research triangle in the carolinas, new york, boston, to understand what other municipalities and areas are offering technology companies to relocate their, what incentives they are providing. we have to realize that while we have a lot of inherent value in san francisco, i believe it is the best city in the world, but we are competing for companies and the jobs they create in our city. i have also asked our city attorney to draft two pieces of legislation to address the issue. one version, a more extended version of supervisor mirkarimi 's current bill, is a complete eli

choose the radicaleforwhich alone can providpeacand stability syr and for the long-term d werge it to do so. or it can choo evemore violent represon. >> on syrian tv today tyere honoring theiralle soldiers, killed, ey sd during the fitingn dara.

evacuation but we take the long term perspective considering the long term of effect of radiation on your health. >> the operator plant say the aftershock forced workers to evacuate and the workers are back at the job on the nuclear power plant. >> emergency workers and workers bowed their head marking the one month anniversary. thousands of people are still missing from the quake and tsunami. it's believed as many as 25,000 have been killed. damage estimates stand at $310 billion and one month after the power plant leaked radiation officials say they don't know how long it will take to cool the reactors. >> the california puc is meeting to decide whether to approve a $3 million fine negotiated by staff and pg&e. the fine involves the company's failure to turn over document and safety records by the deadline. it came in last september's pipeline explosion in san bruno. eight people were killed. they are also considering a request by an attorney that will require pg&e to immediately begin safety testing and replacement work on some 152 miles of transmission lines. >>> an east bay cong

the long term and the short term and the value that ngos bring for the long-term. there's a paucity of short-term and in iraq and afghanistan we find a tremendous amount of time has passed for their resources and contingencies for all of the military and the u.s. aid and the role of ngos, how do we as a country plan for and prepare for short-term contingencies, how does that change the equation for your role of that of the u.s. military and usaid and i would ask to go down the line starting with ms. cole. >> it's produced in the working group you will see we recommended that the interaction the umbrella organization for the ngos have a memorability the scope of the body with the command as the are preparing for contingency operations in the very short term. so that's one recommendation. it's not going to solve everything. we do need a more predictable that the process and i think that the military and others have recognized they can't plan the abstract. they need to consult with the organization here and elsewhere that have some very specialized skills and will all

look at the long-term unemployed in a different way. it sounds like you're not seeing that yet. >> well, i'm not sure it's happening yet. i think employers do understand that being unemployed, being unemployed for an extended period of time is not necessarily an indication of the ability and the capabilities of a particular worker. and they're looking at the unemployed in a different way. but that doesn't necessarily mean that they're going out there and finding them, and hiring them. a lot of the people who are looking, they have the connections, if they're still working and there's still a lot of work that needs to be done to bring these long-term unemployed people really into the market where they can find the jobs and make the connections necessary to get the openings that are coming up. >> suarez: professor, as we mentioned earlier, this month's numbers featured a continued decline in government employment. with the facing out of the stimulus monies, is that going to be the shape of things to come for a long time? >> well, the decl

in the long term future or what will become the story of humankind. and while al gore and fred singer and others are arguing about it's kind of the fine points of the short term warming the scientific community has been going ahead and showing that there are not only is this real of course but our impacts are way way larger than we thought and our decisions that we make either by doing it on purpose in other words switching away from fossil fuels as prickly as we can which we have a lot of good reasons to do besides prime it or if we just ignore it and plow on ahead that simple decision one way or the other will act on down through the ages of the future and there will be more than just the short term warming there are some other things i could talk about as well as when the thing turns around and gets into the recovery mode that will be stressful to well and the early part of this is the sort of cation the oceans isn't the talk about how the oceans are really you know we talk about carbon sinks that's the giant carbon sink and what it does is it modi

about the problem with the debt ceiling limit they were talking about a long term problem there is not a long term problem we owe our debt in dollars and we will always be able to pay that and our debt is you know as a function as a percentage less than half which pans as for example and it's not it's really nowhere near being a big problem really is a distraction we talk about the future what kind of economy we're going to leave to our children a lot more depends on what kind of unemployment long term unemployment we have put those the people. who and what goes to the economy as well the you know the lack of investment in the things that we need very well said mark thanks so much for dropping by thank you great speaking with you this is all happening again because right wing ideologues want to roll back f.d.r.'s new deal turn social security and medicare into money for wall street and doing away with the minimum wage unemployment insurance and other social safety net programs and the big corporate polluters and the wall street billionaires who daily briber republican paul and some dem

they will give you the state formula, 25,000 for six months. $25,000 for the long term as well. 18 months. the costs run a little bit higher than the state, and we expect to see a 51% return rate. this will start to go up, we do know that this will offset the impact on the county. there will be some of these and on the other side, we will generate the revenue by holding people who are being revoked. they are waiting to be picked up by the department of corrections. so, they are giving and taking and will come out ahead. if this is secured to the constitutional amendment. the other big cost, in terms of the sheriff's department is the expansion of programs. this is part of the electronic monitoring did not exist at that time. the expanded use, this is doing some checking with the -- this is the first when they answer the phone. there under the state grant. there are parole violators, and those drug cases, they may be counting prisoners. this is the best and least please -- least expensive. >> can you single out any program that would be the most to deal with, you mention this because they

term doing their own due diligence so i think that's the challenge for russia to put up those long term interests and we have to go to a break and after that short break we'll continue our discussion on russian i.p.o. stayed with r.t. . you delete something. from. the. wealthy british. market why not. find out what's really happening to the global economy. welcome back to on the money i'm peter lavelle and we're discussing russian companies and i.p.o.'s but first let's have a quick recap of russia's experience with i.p.o. . russian companies themselves to the market but internationally still need to have both a solid business case and a commitment to sell in that business case to meijer investors of course and restless cannot get away. and that was true so it's or just but then it will become. all the best risk making their own decision. for the management. to raise questions. as well as capable. of course. organized professional world always looking for success over russian corporate culture has come a long way in the last decade the least in process can still be quite challenging for

evacuation but we take the long term perspective considering the long term of effect of radiation on your health. >> the operator plant say the aftershock forced workers to evacuate and the workers are back at the job on the nuclear power plant. >> emergency workers and workers bowed their head marking the one month anniversary. thousands of people are still missing from the quake and tsunami. it's believed as many as 25,000 have been killed. damage estimates stand at $310 billion and one month after the power plant leaked radiation, officials say they don't know how long it will take to cool the reactors. >> the california puc is meeting to decide whether to approve a $3 million fine negotiated by staff and pg&e. the fine involves the company's failure to turn over document and safety records by the deadline. it came in last september's pipeline explosion in san bruno. eight people were killed. they are also considering a request by an attorney that will require pg&e to immediately begin safety testing and replacement work on some 152 miles of transmission lines. >>> an east bay con

reality of the importance and the immediacy of getting our long-term deficit under control. we have the world looking at us now saying when the is the united states going to go through the fiscal consolidation to get itsinous order? and we need to make those decisions, and we need to start making them soon. i think one of the other things that's important about the speech is that for all of the big differences, there are many areas where we should be able to agree. i think if you look at the last several mopgz, in december, i think it beat expectations how much the president and congress was airplane to do in the lame duck session, from passing an important tax bill to finish the job of putting a recovery plan in place, to passing the start treaty. and i think this last week, achieving savings of $78.5 billion in one fiscal year on the spending side, the discretionary spending side, i think is considerably more than most people thought the two sides could agree on, consistent with both of our values. i think he's now put a challenge out that we have to take the long-term cha

. >> tom: susie, s&p says there's a one-in-three chance that it could lower the long-term rating on the u.s. within two years. the news spooked investors. the dow fell 140 points, recovering from a loss of 248 points earlier in the session. the nasdaq lost 30 and the s&p was off 14.5. big board volume starting out the week above one billion shares while nasdaq volume topped 1.8 billion shares. >> susie: it's the first time in history that u.s. has received a negative outlook for its debt. so how serious is this? and what does it mean to your investments? erika miller reports. >> susie: america's sterling credit rating has long been a source of national pride. that triple "a" rating is also a key reason investors worldwide buy u.s. treasury bonds. although s&p officially affirmed that top grade today, the agency took the first step toward a downgrade. yes, the obama administration and house republicans have made progress on a plan to slash the budget deficit. s&p's david beers says the concern is nothing will be finalized until after the 2012 elections. >> clearly implementation is the i

what we are proposing to do in the short term, and in the long term, to achieve savings in the project, is reduced -- if you look at the bottom under assumptions -- reduced the level of expenditure the city makes every year on the annual replacement of equipment. across the city for technology equipment. rather than continuing the previous cycle of expenditures, we are going to reduce those traditional expenditures of equipment and redirect our efforts to the consolidation sites. around staffing, the entire i.t. community knows in the city, just like the rest of the city is faced with challenges regarding budget and staffing, there will be levels of reduction in staffing. everyone will be able to account for a level of staff production related to this project. that is also figured into the roi calculations of this project. supervisor chu: i believe there is a question from a committee member, but i also wanted to welcome david chiu to the committee. >> thank you for the work that you have done. by way of background, we, during the budget process last year, have placed the $6 million-pl

the department of the new defense -- there was the long- term goal of taking $400 billion in cuts. what will be the nature of america's engagement? and our wheat looking at the beginning of the end of u.s. intervention? >> they are changing the guard at the pentagon. robert gates was skeptical of further action in the middle east. whenever he thinks about the arab spring, he sees a deep cut to the military and their capabilities. >> we make the hard decisions that are needed to reduce the debt of america. we cannot compromise the ability to defend our nation around the world. >> the issues about where the united states may use intervention again in the middle east is multi-dimensional. the crisis is multiplying and a question about whether each case is suitable is very different. >> it is understood that there are distinct limitations on what the west can do now in the arab world. if they are military or diplomatic or economic. it may turn out that khadafi may be involved in attracting direct military intervention. >> the desire to limit military commitment has been shown in libya.

money for long term investing into the way i think that. we have a lot of money in the world and also we would always print more and also in europe and also you could. the kenyan families. when they can earn on not all their families back. out of money. power they don't to use for consumption seeding for the rainy day saving series but yes. i would just need to shun custody posted previously in the children of cost of the post the place the thing that has. two hundred billion euro coming from family savings collected by the post office and then and we can use this money for a long term investment because these family used to keep their savings for long before long. knowing their. savings have a state guarantee state can't. but who have two thirds of these two hundred bigger muro now in liquidity putting the treasury of the of the state. what is the reason they didn't is there to my opinion a lot of rules. penalize the privately vestment in these infrastructure in research so we need. new rules fiscal incentives. supervisory rules accounting

and that the dispute went on so long is not all that out of the ordinary, in historical terms. as long as there has been history, humans have tried to rewrite it. the pharaohs often defaced the statues of their predecessors as they sought literally to erase them from history. whoever happened to be in power in the old soviet union tried to rewrite that country's history to cast themselves in a better light. but for all the effort, it has never worked. the truth always outs. the best public relations, the heaviest spin, can never trump bad policy. and bad p.r. can never trump good policy. the nixon presidency is a prime example. nixon's disregard of the law and the constitution was disgraceful. that is part of his legacy and his apologists cannot change that. yet, nixon was far ahead of his party and american public opinion when he made his courageous opening to china and his arms control agreements with the soviets. those were monumental achievements and will be remembered as such, whatever his critics say. so i'm glad the nixon library did what it did. truth, telling it straig

franco bus and the head of an european club are long term investments. we combine passive cash flows of the european economies are now overridden by debts already exceed to g.d.p. their own most or all means that help out the debts but many of them have sided incompatible with social stability brought them a solution as the best ways to boost the g.d.p. by attracting long term investments into infrastructure science research elton john energy sources and etc the best investors are countries with a small state debt and high economic growth like china and russia. pelosi universe and any walk of the show thank you very much for being with us thank you well first of all i want to ask you about the public that crisis which i think remains a major problem for the e.u. countries what's your attitude to the new measures that the european countries european leaders have agreed upon on their recent summit in march. but i think that. the european union is on the right way. but the problem is that. in my view it's impossible to reduce. public pay. and to run a true

prices over the long term. one of those steps is to and limited the on more to tax breaks to the oil and gas industry and invest that revenue in to clean energy to reduce our deficit -- are dependence on foreign oil. the industry is expected to report outsized profits. nancy pelosi said that tweet about her own letter to speaker boehner. there is a copy. let me read you what she has to say. as you know, we've had several votes on the subject in the house. i've been disappointed that those proposals have not been reported by republican leadership. the congress and knowledge that will company should pay their fair share. it makes little sense when american citizens are paying $4 a gallon in most parts of the united states. taxpayers subsidizing oil companies making record profits. you can go to their prospective websites and find out more for yourself. elaine, democratic line, long beach, california. caller: one of the things that astonishes me about the united states of america is that people forget history. the

but the cost long-term for the family is society is huge. it was clear early on. that there is a big difference between the adult world when it come to canc yer treat and options and the pediatric world. >> the wagners know they are among the fortunate in their fight against brain cancer. >> we were blessed in this the sense see seemed made for the treatment we got. >> and five years later she is cancer free and loving life at age 7. this weekend, weekend pediatric weekend network is holding a fundraiser. go to our website and look on see it on tv. >> and well, we are talking about spectacular weather outside. >> and she delivers. >> absolutely. you want it and i bring it. tomorrow, i will bring it again. there will be minor changes. all right. >> there is a live picture from the hidefinition camera . looking at the golden gate bridge. there are high clouds moving in and eye live picture from san jose they are enjoying a sunny day and 65 degrees . it is breezy outside. winds are gusting at 30 miles per hour in some spots and another breezy spring day and it is onl

if not in the front end, over the long term. >> but we did last july was execute with webcor and subcontractors, the contracts subject to faa approval for the jobs. those bids were basically binding. we are subsequently going back -- actually, the first time i ever saw this was on february 7, 2011 when i got the document from the mayor's office of housing. i had no idea that we would be subject to something that we had already picked up a building permit for. in answering your question, we are going to make every effort to do it by trade and we will track hours by trade, but we are committing for 25%, which is higher than the 20%, but we cannot actually legally commit to do it by trade. there are a lot of trades -- for example, plumbers only have 18%. they live in san francisco. it is very hard for us to actually do it by individual trades. we will make a best effort to do that, we have agreed to -- both webcor and i will be running the original subcontractors, asking them to give preference. we have done business with the electrical pension funds. we are going to sit down with them but they ar

itself, but the challenge was, as you address earlier, we were not able to address the long-term deficiencies and problems with the way they were constructed originally. they were constructed with a housing will happen. there were not the resources available to construct them at the time in a more substantial manner. they were built largely with wood frame and stucco, which is not to say that as a for building choice for building material choice. but intel to that, the plumbing systems that were in there, electrical systems -- there are challenges within those walls that need to be addressed and fix. there were details that were not done properly. a lot of that wants to some of the issues we have seen throughout the renovation work itself, really highlighted by a series of owners that have not maintain the property properly. supervisor mar: can you give an example? i understand failing plumbing system. it says undersized electrical service. could you give an example of that? i think residents might not be able to see the, but people who do maintenance might know, but what is the electrical se

arshavin true long term ok i'm going to open the. clayton mathur and work as a boat engineer he says he was in perfect health before he was exposed to the toxic chemicals in the gulf now he's fighting a bouquet of illnesses gardasil through the little fellow to lecture both very personal for clayton is not alone in his fight george price owns a small boat yard in louisiana perfectly healthy just a year ago he has lost thirty pounds in the last few months george was diagnosed with severe anaemia us in a day and must still load of his story and will be no you know dr michael robbie chum who's been practicing medicine in louisiana for forty years says he's never had such an influx of patients with respiratory and blood issues he fears the worst bits a distributor tourist recalls and robbie chalk is one of a few doctors who is outspoken about gulf coast residents symptoms connection with the toxic chemicals that they've been exposed to many other doctors refuse to recognise the cause as dr robert shaw says either because they don't have

as i just spoke about that's the short term solution which causes the long term cash that we're now dealing with so what are the big things and you know we're also seeing the results of that right now in libya where the rebels are saying that nato isn't doing enough it really seems to be at a bit of a standstill and that situation isn't going anywhere and of course a lot of people don't have a positive i think you know where it could go with yemen as well jack i want to thank you so much for filling us in and there's definitely a lot going on in the region right now thanks. to you. now it's time for a quick break and when we return we have big a huge new plan that are very praiseworthy fear mongering cloudesley box here's a look give you some of our favorite clips from a man who provided fresh anger and entertainment for this show and then scott walker is starting to feel the backlash from his attacks on the working people of wisconsin so it's all about the huge alex hurrell upset that house republicans across the country shaken the neighborhoods. get some closure see the story and