david: appreciated. apple is launching a brand new ad campaign just days after samsung gets its newest fund. coming up next, a look of a sneak preview, if you will, about how apple is looking to set itself apart as the leader. it is actually falling behind and looking more like a follower. sandra: coming up on monday with melissa frances, senior vice president at charles schwab looking at the market impact. ♪ orvi...amelia...ur... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ david: well, apple just released a new ad campaign and its website days after the san son galaxy as for was unveiled here in new york city. sandra: coincidence, i think not? an effort to the airline consumers that the iphone is

david: bingo. liz: stocks erasing earlier gains after european officials suggested the unpopular cypress banking deal had become a model for other european bailouts. turmoil overseas could actually be a good thing for our markets and economy. let's figure this one out. professor of finance at the wharton school of the university of pennsylvania. professor, thank you. we were talking to you about a week and a half ago about hope you had a very bullish outlook for the s&p 500 before cyprus blew up. now you're not exactly with the crowd who is worried about this and say it could be a good thing for markets. how so? >> first of all, i see interest rates going down. the ten year was over 2%. it is down at 190. you just announced gasoline was down $0.11. the fear index is now a little more. so actually, i think that the base for up up movement in the stock market is stronger now than it was a couple of weeks ago. i don't think there will be contagion. i think, you know, the new solution was certainly bet

david: watch out for the l.a. kings. >> yeah. david: see you later, mmrk. have a good weekend. liz: and rangers. david: rangers are doing quite well. >>> turbo charging the stock market are the record payouts from companies in the form of dividend and stock buy-backs. liz: what is extraordinarily attractive to investors. don't worry you might not have missed out on the ride if you're not in. we have, so to consider now. liz macdonald is looking at that with emac's bottom line. >> $300 billion, wow that is estimated in dividend payouts for the s&p 500 in 2013 that is bigger than the 282 billion last year. so you know all this drama about the tax hikes and tax hikes on dividend, it is not affecting dividend payouts for this year. look at big stock buy-backs coming. 1817.8 billion for this month alone. that is the highest pace since 1985, guys. there has been a trillion dollars worth of stock buybacks since 2009. here are the dividend stocks, the companies actually increased dividends. you see here pepsico. ups, sherwin-williams, comcast, a whole bunch of companies. i'm counting 1

david: right. scott, do you think, even though the president recently has kind of pulled back on some of the scare talk that he was using earlier, he is little milder in that but does the market fee as most people do, that the president was overstating his case of the effect of these cuts on the overall economy? >> you know, i think to lee's point i think what investors have realized for lack of a better term political theater. yes the president wasn't that dramatic. i thought i heard it will cost 800,000 jobs. there is little bit of drama going on. $85 billion which is what the cuts are, relative to federal government spending is not that much. i believe they get $85 billion out of federal spending without reducing much of anything. get rid of some of the fat. david: politics are based on threats and promises and markets are based on the bottom line and mike, the fact is that the bottom line of a lot of these companies is doing pretty well right now. >> which is why i will not be surprised to see

david: is there any chance, greg, this is david asman. any chance at all they will keep the banks closed and just keep using the atm machines? >> the plan is, david, to get the banks open as well on tuesday, but i got to tell you, and for our viewers we should look closer at this. what they basically say with the controls of transactions limits on how much money you can take out of the bank, once the banks are open, that the euro currency used on this island will change in quality, compared to the euro used elsewhere. a very controversial element to this bailout plan. >> wow! that is fascinating. we may have two different kind of euros based on what is happening that could happen in italy and spain. greg palkot, great reporting. thank you very much. coming up on monday our own rich edson will be live in cyprus bringing you all the latest developments on this continuing crisis. we have it well-covered here at fbn. shibani: call it papal bond plays a catholics turn to the south for spiritual leadership. one analyst says look to the south fo

david: unbelievable. now california decided that just isn't quite enough and it is actually enacting a retroactive tax increase on small business owners. the money they had already made and that they thought they paid their taxes on. fox news's william la jeunesse is here with the story. we talk about cyprus but they're doing the same thing here!. >> cyprus gets all the headlines, david because they're raiding bank accounts. many in california feel the money grab is no different. they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for smal

david: which would you prefer? pay the government bonds worth risk because they don't do critics search they can be backed up by government guarantees for sallie mae which could be better credit risk because they only lend money to people who are good credit risk, which would you rather have? >> it all depends on your risk appetite. the sallie mae bonds offer a larger yield. right now the differential is about 60 or 70 basis points annually. so there is a difference, a premier. david: if folks are trying to figure out how much they get from this, so tell me exactly how much i would get. say i bought $1000 of these bonds, how much would i be getting? speak of most recent transaction was priced a couple of weeks ago, the weighted average, 1.1% on top of it. david: nowadays would be how much? >> very little. david: still, for a fixed income investors searching for a yield at all, zero interest rates, this is a good bet for a lot of people. good to see you, mike. liz: david, car rental companies have the pedal to the m

blaze pizza, david. i want to go there. david: i do. you have to watch out for the pizza joints here in new york. they're pretty territorial. >>> taylor swift, she is one of the top earners in music but her image is not bringing in the big bucks for another industry. find out which one later this hour. >>> a cardinal from argentina has been chosen as the new pope. the first time we have a pope from the americas. will choosing a man from the new world breathe new life into the church? we'll go back to rome live after this. ♪ . all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. liz: yes, a new pope has been chosen, france is i in one of the -- francis i. one. fastest conclaves in years. david: a person in the middle of the wild crowd all this time,

david: let's say we buy into your theory. >> yes. david: and we get the gold. do we go in and out of gold? are there times when you might want to sell it, take some profit and wait for a drop and get in again? i mean how do you manage that 10% of your gold? >> i think portfolio theory in large part takes away the whole notion of seeking alpha where, and i've been a professional investor for 25 years and getting alpha is hard and the notion of me knowing in a very complex economic system when gold price is going to go up 10 bucks or down 10 bucks i don't know. i leave that to traders and the speculators. for me, i know my age, i know what my plan is 25 years from now. i want to be able to tilt my portfolio. i think that's smart. by the same token not to be too overactive. i sort of think of its set it and forget as better strategy. reduce transaction costs. don't have the psychological burden which i always seem to have finally sell something goes up the next day. feel bad about it. i take that out of the mix. liz: we're wrapping but gold is falling or it is not

david: holy cow. liz: all over the place. david: all over the place. liz: indeed, david, closing at a new all-time high, on top of the hour, history books, s&p sur surpassing the record set back on october 9th of 2007. not bad; right? david: hooray. a good day. liz: a ten-year chart of the s&p to put it into perspective here, and, listen, it takes a long time to reach good things; right? here we go. david: the dow with an all-time record, and we are getting used to these things, focusing on the s&p, which has not done this since 2007, but, again, the dow, all it had to do was go to 14559 as yows knee, 14 # 574, 20 appointments above the record, a huge gain for the dow. 48 is not huge, but when you think of it breaking those ceilings again, you realize how powerful this rally is. liz: after the bell startings right now. ♪ liz: s&p 500, march madness before march madness. getting into the kick of things, and fans are not just wild for the favorite team, but going wild for chicken wings. buffalo wild wings selling 70 million wings during the ncaa last y

david: $827. liz: if you don't like the way we are proposing to balance the budget, how do you propose we balance the budget? will be continued to be complacent with never balancing the budget? >> house republicans are moving further from the compromise. house republicans are passing the ryan republican budget that is even more extreme than the propaganda we have seen in the past. rich: one missing piece of this, to be a couple of months late, april 8 says the white house, the week when the president will release his budget. meeting tomorrow and the day after. back to you. david: rich edson talking money inside the beltway. paul ryan's budget plan getting slammed for democrats to say it cuts too much but average of $4.1 trillion per year in federal spending. that is the ryan's budget, which is a big increase. a woman who is biased many presidents. on whether the ryan budget doesn't go far enough. liz: we have a money manager with the stock to grab right now if you think like he does inflation isn'

david: u.s. high-tech companies that are desperate for talent but frustrated by the slow pace of immigration reform in d.c. are not waiting any longer. they have taken measures into their own hand to keep some of the brightest mind here at home, well, just a few miles offshore any way which we'll explain in moment. joining us blue seed cofounders, max and dario. gentlemen, great to see you. both of you are from good immigration stock. this frustrates you as well the lot of companies can't get immigrant talent they need. taxpayers very often trains the people and ins sends them off our shore. tell us, max, exactly how blue seed works. >> blue seed is a community just offshore, just you said. in fact 12 miles off the shores of san francisco. and it's a place for a thousand entrepreneurs who are starting new companies, new high-tech companies, to be able to do it right near silicon valley where they can connect with capital and meet with great people and all the stuff that really helps companies suc

david. david: good stuff. ♪ . i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low costnd tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackro. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. david: time for a speed read, some of the day's other headlines, five stories, one minute. pentagon spends one billion dollars a year in a program that sends up employment to troops that left the military voluntary little. the program has risen more than $600 million over the last ten years. >>> toyota is recalling 310,000 fj-cruiser suvs for a seatbelt problem. the recall affects vehicles from 2007 to 2013. those model years. >>> volkswagen is planning to expand its production in china by more

so, david, i'm going to miss working with you. it's been an honor and a pleasure and i know that we all as a city have been -- have enjoyed his service and will continue to enjoy his presence just being a part of our city and our community. thank you. >> thank you. (applause) >> and with that, the honoree of the moment, david chan. >> thank you. well, i don't know i'm this good. i'm just doing a little bit emotional. thank you. i'm really proud and honored to be recognized by the board. actually, i know most of the supervisors here except for supervisor breed. in certain context, i've been working with you and i'll still be working with you because retirement is only a comma, it's not a period. i'll be still around. and, actually, i have more time now coming up to this city hall, knocking at your door and bugging you for this and that. [laughter] >> i certainly will give you my personal e-mail and phone number. so, we will still be in contact. thank you very much. i really enjoy it. (applause) (applause) >> congratulations, david,

david: a couple. transportation the word that wilbur ross is getting in transportation as a lot of people's curiosity piqued. >> specifically marine transport to play on shale gas and tidal l phenomenon because the u.s. i believe is going to become a very major exporter of shale gas. david: but there are a lot, a lot of steps before we get into the efficient production of lng, liquified natural gas and have all the regulations broken down that prevent that from happening? >> there is a regulatory risk and that's one we're taking on. the risk is in two regards. one is, will there be mindless regulation of fracking even though there have been over a million wells drilled in this country over the years with very, very few problems. and even though there is some very strong democratic advocates including former governor rendell of pennsylvania, who has seen how it transformed the economy of his state. it could do the same thing in --. david: governor cuomo in new york so far is holding off judgment. >> i

david, i am taking a bite of this. david: looks delicious. david: may be venezuela will be next, the venezuela produces oil about 2 million barrels per day. it sounds like a lot, but that is a million barrels less today than it used to. so will the death of hugo chÁvez turnout lousy record around an improved oil production and3 lower oil prices for everyone? also, a frightening scene at a dunkin' donuts. find out what happened, we have the full video coming up next. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. [ male announcer ] at edward jones, at od, whatever business you'r

david: unsustainable. no matter how high you raise the property taxes it is unsustainable. >> we'll stay on this story because we're seeing a lot of problems, even beyond the states we just mentioned. david: a lot more to talk about. emac. thank you very much. >>> well as the federal reserve is set to continuing the money proipting program to -- printing to buy bonds some question whether they are helping the economy. are there better solutions to be put in place? former fed governor wayne angell tell us us what fed policies he would put in place to get our economy really growing as it should in a fox business exclusive. lauren: can't wait to hear that. despite fauks of a potential bank run, one economist says europe says europe presents great options and some of his picks might really surprise you. ♪ girl vo: i'm pretty conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm reallylad that girl

david: let me stop you. >> however, david --. david: some people do see that in conflict with one of the mandates of the federal reserve which is to keep unemployment down. sometimes stocks go up when they fire people. isn't that in direct contradiction to another fed mandate? >> indeed that is the fundamental side of things. people have driven productivity, corporations are driving their efficiency much greater with lesser workers, but, the theory is the wealth effect, when people feel more comfortable, their portfolios are doing better, they will consume more. greater consumption leads to greater production and greater production requires greater employment. so there is a linkage there. i argue i think the wealth effect is more concentrated in fewer hands. we're beginning to see the smaller investor come into mutual funds. flows are pretty heavy and i'm not sure, you know, at some point that might end in tears but right now things are moving in the right direction from the standpoint of that practice, low interest rates lead --

. >> my name is david koresh. >> david koresh. >> my name is david koresh. >> to his followers david koresh was a messiah. >> god speaks to me. >> manifestation of god in the flesh. >> we believe this man had the truth. >> reporter: but to the u.s. government, david koresh was a threat. >> machine guns and explosive devices. >> reporter: in 1993, they went to war in waco. >> this ain't america anymore when the atf has that kind of power. >> reporter: it ended in catastrophe. 86 people dead. including at least 24 children. >> there had been nothing like this before. the siege was new and unique in america law enforcement history. >> if you distrust the government, waco is going to be symbolic to a lot of people of what they really fear. >> i'm talking to you, somebody's going to get hurt. >> if he asks god for some kind of sign and god gives it, what does that mean? >> reporter: every saturday morning clive doyle and sheila martin study the bible. >> god will come with strong hand -- >> reporter: they are about all that's left in waco of the branch davidians, an offshoot of the sevent

david: all right. finally, charles, we got to move on because we don't have much time, you have to ask about technology in general because the one thing that does unite the echo boomers is a love of technology. they grew up with it. they have digital brains. not analog brains like i do. so they're focused on technologies. do you see a boom in tech stocks as a result of these people coming of age? >> well, we already have. a lot of the boom we've had in recent years with apple and google, what have you, a lot of that was due to young consumers. we already have seen it. i think we'll continue it see more. there is more variable there. there is a lot more moving parts. david: right. >> the pure demographic plays, things like formula and diapers, that is easy. that is simple. david: charles sizemore, the sizemore investment letter. thank you. >> thank you. liz: we can't forget the cyber threat. that is very much a reality. it may be in the palm of your own hand. a report from source fire, iphone users out

david asman county gets to join the party through us. david: idea. it was very different than it was. back the last time we hit the high was $2.75. america's unemployed back then 6.7 million, now 13.2 million. the size of the fed's balance sheet back then less than a trillion, now it is over 3 trillion. we will be talking about all these things, how we are similar and dissimilar to last time we hit those highs. down at the nyse. let's talk about the 10 stocks hitting the 52-week highs. it is great news, lots of champagne. nicole: really is exciting for all the people who saw the dow at 6500. some cases all-time highs. today is a record intraday high, a record closing high. a day that goes down in history. david: it wasn't all roses for everybody, jcpenney down big-timebigtime, other stocks, t generally speaking we are across the board making history today. the nasdaq could actually end up moving a lot closer. this is a record-breaking day. october 9, 2007 was the last day we came close to this record. back then 14,164. right now as you can see we are

. >> my name is david koresh. >> david koresh. >> my name is david koresh. >> to his followers david koresh was a messiah. >> god speaks to me. >> manifestation of god in the flesh. >> we believe this man had the truth. >> but to the u.s. government, david koresh was a threat. >> machine guns and explosive devices. >> in 1993, they went to war in waco. >> this ain't america anymore when the atf has that kind of power. >> it ended in catastrophe. 86 people dead. including at least 24 children. >> there had been nothing like this before. the siege was new and unique in american law enforcement history. >> if you distrust the government, waco is going to be symbolic to a lot of people of what they really fear. >> i'm talking to you, somebody's going to get hurt. >> if he asks god for some kind of sign and god gives it, what does that mean? >> every saturday morning clive doyle and sheila martin study the bible. >> behold, the lord god will come with a strong arm. >> they are about all that's left in waco of the branch davidians, an offshoot of the seventh day adventist church. the relig

david: thanks, sandy. homeland security secretary janet napolitano was out suggesting that the automatic spending cuts are are already being felt though claims about long security lines at airports were refuted by on sight personnel. liz: what is really going on? peter barnes live at the white house with the very latest. peter? >> david, liz, all this is coming as the republicans critadvertise the administration for exaggerating the impact of problems with sequestration. she said there were very long lines because of sequestration but this is before the tsa and dhs issued fur likewise. this came out today. she basically blamed it on hiring freezes. take a listen. i want to say o'hare. i want to say l.a.x. i want to say, atlanta, but i would have to check. the new york airports, got through okay but that, is going to be temporary. so, we will see these effects cascade over the next week. >> we have been checking. the airline industry trade association says it has, sees no unusual delays. a lots of airports,

david was the median through which god spoke to us. >> reporter: so you listened to david believing david was receiving his messages from god. >> correct. if you didn't think god was talking to him, you wouldn't have been there. >> reporter: by the end of day two, negotiators have a breakthrough. koresh promises to lead his disciples out, if the feds put his bible lecture on the radio. nationwide. >> i david koresh agree upon the broadcasting of this tape to come out peacefully with all the people. >> reporter: clive doyle thinks life for him and his 18-year-old daughter shari will soon return to normal. >> when they're talking about us coming out, i go pack a lunch. tell my daughter, we're going to go out and search the grass. i'm still thinking a search warrant. i don't know how long it will take. we might get hungry. we'll sit out there. when it's through, we'll come back home. >> what we're trying to present today -- >> reporter: at 1:30 p.m., the sermon airs. >> we see that god has a book. >> reporter: one hour on the christian broadcasting network. >> and remember, the most fearful

so, david, i'm going to miss working with you. it's been an honor and a pleasure and i know that we all as a city have been -- have enjoyed his service and will continue to enjoy his presence just being a part of our city and our community. thank you. >> thank you. (applause) >> and with that, the honoree of the moment, david chan. >> thank you. well, i don't know i'm this good. i'm just doing a little bit emotional. thank you. i'm really proud and honored to be recognized by the board. actually, i know most of the supervisors here except for supervisor breed. in certain context, i've been working with you and i'll still be working with you because retirement is only a comma, it's not a period. i'll be still around. and, actually, i have more time now coming up to this city hall, knocking at your door and bugging you for this and that. [laughter] >> i certainly will give you my personal e-mail and phone number. so, we will still be in contact. thank you very much. i really enjoy it. (applause)

i'm david asman in for paul gigot. despite his so-called charm offensive to republican members of congress this week, "the washington post" confirmed what we already expected, president obama's anti-republican attacks are going to continue, that he's not really in a compromising mood on the budget sequester or pretty much anything else. according to the post, his aim is not to get along with the g.o.p., but to get them out. the goal is to flip the republican-held house back to democratic control, allowing obama it push forward with a progressive agenda, gun control, immigration, climate change and the economy during his final two years in office according to congressional democrats, strategists and others familiar with obama's thinking, but has that strategist already started to back fire. let's ask columnist and deputy editor dan henninger. assistant editorial page editor james freeman and kim strassel. thank you for letting me be here. and dan, the new charm offensive the president employed this week, do you believe

go ahead david all your kids have libertarian support from the young. people very much the young in the u.k. who do not like the european union they think is anti libertarian and they want to have their own say in the u.k. they don't want to be dictated to a bunch of school at all to call the gentleman in brussels who are basically a bunch of crooks and we see what they are the i have a. lovely piece from five star movement and you see the difference i mean there is a massive generational difference dylan you want to jump in there i was asking the question about the euro and democracy go ahead i think there is a tension with the existence of a monetary union and not a fiscal union and the ability of the institution to respond to the interests of of all citizens that there is when you have disparate fiscal policies but the united currency some monetary policies are going to appeal to the german people some are going to appeal to the italian people and when you have independence and from being fit isn't to accountable to democratic forces it's really hard

there are two basic paths one is the one that david wants where you see a. prickly of at least a few countries from the monetary union and you're left for the core group of states that is generally in. i said i don't i want to endure and i want everybody out of it and i want the end of the european union. i hardly doubt it do you believe that it's as rather i think greece is about a spade and it's bad for germany ok dylan what's the other scenario but the other scenario i can see is one in which the same pressures that have driven the to the point it's out today continue pushing forward of more formalized fiscal union and that's requires a lot of political have you with keen ok you bring up a good reason i want to ask everyone would that be democratic nicolas would people vote for it. you've got to get to our security democratic if we build up our democratic institutions in europe we can make a democrat you can if we make the european parliament more representative and if we give more power to the european parliament it's perfectly possible it doesn't requir

coming up on "the next list" david peterson from "game of trhones." > >> i am dotharki. i am the wife of the great colin and i carry his son inside me. >> the dotharki are a kind of wandering tribe in this kind of imaginary world, and they are first and foremost warriors. the way that i would describe the dotharki language is that it feels barbaric and it's something you can definitely shout across the battlefield. >> they are just one of the warring factions in george martin's fantasy series "song of ice and fire," adapted for tv as "game of trhones." a hit series on hbo. it's an epic production spanning two continents and among its cast and crew a wildly creative and unlikely artist at least in hollywood circles. get ready to meet david peterson, a linguist and language creator, who met the dotharki tribe head-on. i'm dr. sanjay gupta and this is "the next list." >> i guess a lot of people think when it comes to creating a language, all you do is really kind of open the dictionary, come to the first word and say, well, there is an a, the new word is going to be blek, a

i will turn it over to lou gerardo. >> thank you, david. the next speaker is supervisor david chu. david is an amazing strategist, a very good leader, a man who has a lot by example including riding a bicycle in the rain which was amazing when he came to meetings wet and got 32 you the meetings we went through. it is my honor to introduce the president of the board of supervisors david chu. [ applause ] . what a great day. this is a tremendous day. a great y

. >> thank you, david. the next speaker is supervisor david chu. david is an amazing strategist, a very good leader, a man who has a lot by example including riding a bicycle in the rain which was amazing when he came to meetings wet and got 32 you the meetings we went through. it is my honor to introduce the president of the board of supervisors david chu. [ applause ] . what a great day. this is a tremendous day. a great day for the future health of san francisco. let me start by admitting no that you we are here, when we first started project i was not hugely optimistic that we are going to get here. i want to echo and appreciation for everyone who sat at the operating table to create this critical project. success has a lot of parents and let me first start by thanking my colleagues to what he referred to as the three amigos. i of course want to thank the many city staffers that brought us out today. i want to bring out the hundreds of folks but in particular thank you mr. mayor for working with us and in particular ken rich, you really get one

are two basic paths one is the one that david wants where you see a. prickly of at least a few countries from the monetary union and you're left with the core group of states that is generally in and i said i don't i want to end up here and i want everybody out of it and i want the end of the european union. i highly doubt that david will you wrote that it's as rather i think greece is about a spade and it's bad for germany ok dylan what's the other scenario. the other scenario i can see is one in which the same pressures that have driven to the point saturday continue pushing forward of more formalized fiscal union and that's requires a lot of political heavy lifting ok you bring up a good reason i want to ask everyone would that be democratic nicolas would people vote for it you're going to get the opportunity democratic if we build up our democratic institutions in europe we can make a democratic if we make the european parliament more representative and if we give more power to the european parliament it's perfectly possible it doesn't require that

there are two basic paths one is the one that david wants where you see a. prickly of at least a few countries from the monetary union and you're left with the core group of states that is generally in and i said i don't i want to endure and i want everybody out of it and i want the end of the european union. i highly doubt it david where you are that it's as rather bad for greece it's about a spade and it's bad for germany ok dylan what's the other scenario but the other scenario i can see is one in which the same pressures that have driven the to the point it's out today continue pushing forward of more formalized fiscal union and that's requires a lot of political have you with dean ok you bring up a good reason i want to ask everyone would that be democratic nicolas would people vote for it. you've got to get the opportunity democratic if we build up our democratic institutions in europe we can make a democrat you can if we make the european parliament more representative and if we give more power to the european parliament it's perfectly possible it doe

cross-talk n.g.o.s i'm joined by david rieff in new york he is a writer and senior fellow at the world policy institute and in pittsburgh we cross to clifford bob he is a political science professor at de caine university and author of the new book the global right wing all right gentlemen crosstalk rules in fact that means you can jump in anytime you want david if i'm going to you want to people say today that n.g.o.s are over politicized how do you come down on that. i think everything is political so for me you know this doesn't come as a kind of shock horror aleisha and n.g.o.s are political i think the more interesting question would be what kind of politics they represent and whether you can say that and geopolitics have right wing or left wing to the extent those. those categorizations still mean anything cast to them you know human rights is a politics the u.n. charter is a politics so the idea that we're going to be suddenly shocked that the ngos are not perfectly neutral perfectly objective that seems to me that really does seem to me a little bit of posturing on the part of

i will turn it over to lou gerardo. >> thank you, david. the next speaker is supervisor david chu. david is an amazing strategist, a very good leader, a man who has a lot by example including riding a bicycle in the rain which was amazing when he came to meetings wet and got 32 you the meetings we went through. it is my honor to introduce the president of the board of supervisors david chu. [ applause ] . what a great day. this is a tremendous day. a great day for the future health of san francisco. let me start by admitting no that you we are here, when we first started project i was not hugely optimistic that we are going to get here. i want to echo and appreciation for everyone who sat at the operating table to create this critical project. success has a lot of parents and let me first start by thanking my colleagues to what he referred to as the three amigos. i of course want to thank the many city staffers that brought us out today. i want to bring out the hundreds of folks but in particular thank you mr. mayor for working with us and in particular ken rich, you really get one

there are two basic paths one is the one that david wants where you see a. prickly of at least a few countries from the monetary union and you're left for the core group of states that is generally in. that i don't i want it endure and i want everybody out of it and i want the end of the european union. possibly doubt it do you believe that it's as right there i think greece is about a spade and it's bad for germany ok dylan what's the other scenario but the other scenario i can see is one in which the same pressures that have driven the to the point it's out today continue pushing forward of more formalized fiscal union and that's requires a lot of political have you lifting ok you bring up a good reason i want to ask everyone would that be democratic nicholas would people vote for it. you've got to get to our security democratic if we build up our democratic institutions in europe we can make a democratic if we make the european parliament more representative and if we give more power to the european parliament it's perfectly possible it doesn't require th

>> david, i have to disagree with you. we were in negotiations in december where the speaker of the house john boehner who you just interviewed was willing to suggest put on the table $1 trillion in revenues for deficit reduction as long as it came from reform that focused on closing loopholes and deductions. >> right. but that fiscal cliff deal, what ended up being was just a tax increase that came out of that. there was not balance which is what the president says he's for now. there was no spending cuts. it was just revenue. that's what the speaker said. you got your revenue. now where are the cuts? >> let me answer. obviously, the president wanted the balanced agreement. the speaker walked away. we wanted an agreement that included long-term entitlement reform. and we give the speaker credit for the $600 billion. but i'll do a simple math equation, david. if he put $1 trillion of revenue on the table 10 weeks ago, and $600 billion has been passed, if he was keeping his offer on the table, he would be at least willing t

there are two basic paths one is the one that david wants where you see a. prickly of at least a few countries from the monetary union and you're left with a core group of states that is generally in. green i said i don't talk about the end of your and i want everybody out of it and i want the end of the european union . they don't want it david where you are that it's as round there i think greece is about a spade and it's bad for germany ok dylan what's the other scenario but the other scenario i can see is one in which the same pressures that have driven the to the point it's out today continue pushing forward of more formalized fiscal union and that's requires a lot of political have you lifting ok you bring up a good reason i want to ask everyone would that be democratic nicholas would people vote for it. you've got to get the answer to every democratic if we build up our democratic institutions in europe we can make a democratic if we make the european parliament more representative and if we give more power to the european parliament it's perfectly po

to cross talk n.g.o.s i'm joined by david rieff in new york he is a writer and senior fellow at the world policy institute and in pittsburgh we cross to clifford bob he is a political science professor at the cane university and author of the new book the global right wing all right gentlemen crosstalk rules in fact that means you can jump in anytime you want david if i'm going to you want to people say to day that n.g.o.s are over politicized how do you come down on that. i think everything is political so for me you know this doesn't come as a kind of shock horror of all ation that n.g.o.s are political i think the more interesting question would be what kind of politics they represent and whether you can say that and geopolitics have right wing or left wing to the extent those. those categorizations still mean anything cast to them you know polish human rights is a politics the u.n. charter is a politics so the idea that we're going to be suddenly shocked at the n.g.o.s are not perfectly neutral perfectly objective that seems to me that really does seem to me a little bit of posturing

crosstalk n.g.o.s i'm joined by david rieff in new york he is a writer and senior fellow at the world policy institute and in pittsburgh we cross to clifford bob he is a political science professor at de cain university and author of the new book the global right wing all right gentlemen crosstalk rules in fact that means you can jump in anytime you want david if i'm going to you want to people say today that n.g.o.s are over politicized how do you come down on that i think everything is political so for me you know this doesn't come as a kind of shock horror of all ation that n.g.o.s are political i think the more interesting question would be what kind of politics they represent and whether you can say that and geopolitics have right wing or left wing to the extent those. those categorizations still mean anything cast to them you know polish human rights is a politics the u.n. charter is a politics so the idea that we're going to be suddenly shocked that the ngos are not perfectly neutral perfectly objective that seems to me that really does seem to me a little bit of posturing on t

so i would like to single out david chu, david campos and mark ferrel for the great job they did. [ applause ] >> the mayor's office in particular a great deal of debt. he did a great job. i just don't know who i'm going to talk at midnight anymore. [ laughter ] . i also want to thank people from the department of public health and others from the mayor's office. but colleen chav an and wagner were instrumental in helping us understand the projections and understand the construction cost, etc. i would also want to acknowledge the hospital team, mike, warn browner. ceo of cpmc, [ applause ] george, i want to say is it w u. and john gates creative cfo who works at the hospital and the chairman of the board mr. bob -- [ applause ] . throughout this process, i had the luxury of a number of people helping and counseling me and encouraging me, but i would like to particularly thank bishop mark andrews who has been a tremendous supporter of saint lukes. and last but not least, i want to thank the san francisco coalition. we, as part of our process had meetings with the coalition in my office, their

do cross talk n.g.o.s i'm joined by david rieff in new york he is a writer and senior fellow at the world policy institute and in pittsburgh we cross to clifford bob he is a political science professor at the cain university and author of the new book the global right wing all right gentlemen crosstalk rules in fact that means you can jump in anytime you want david if i'm going to you want to people say today that in jails are over politicized how do you come down on that. i think everything is political so for me you know this doesn't come as a kind of shock horror of all ation that n.g.o.s are political i think the more interesting question would be what kind of politics they represent and whether you can say that and geopolitics have a right wing or a left wing to the extent those. those categorizations still mean anything cast to them you know polity human rights is a politics the u.n. charter is a politics so the idea that we're going to be suddenly shocked that the n.g.o.s are not perfectly neutral perfectly objective that seems to me that really does seem to me a little bit of post