ball-drop ceremony. another california city is on the brink of collapse. the reason? bloated police pensions. the city is desert hot spring. its 2013 budget revealing about $7 million in the city s $10.6 million annual payroll goes to the 39-member police force. that s more than 66% of their budget. are other countries cities across the country at risk? the host of varney and company staoufrt stuart varney is here to explain this. i was reading police officers as young as 50 can retire. how can that formula work? that very powerful police force that has pushed for these kind of very strong, lavish pay and pension benefits. they have been pushing for them for years and years. now they ve got to be paid. in many cities across the country it is the police and fire fighters pay and pensions which are breaking the back of cities
i think people who try too hard with their outfits are maybe hiding something. like come on, dress like a person. all right. the character who plays kanye shouts, you don t deserve the title of genius, you can t throw that title around. mark zuckerberg is a genius, i m a genius. i m god. it gets better and better but funny stuff. pretty good, wasn t she? i m looking at these clips and i want to go back and watch the entire show. she let herself go. she really did. that s the way you have to do it. looks like she s having fun. when stars come on and let themselves go that s when everybody has fun. the stars, the cast and us, the audience, as well. so we have big news. best man movie we have been talking about huge in the box office. huge. thor was able to hang on to number one, but best man holiday topped expectations in its debut and brought in $30.6 million. coming in at numero dos. by the way, it scored an a-plus
best of us. they are like wildfire something or someone can easily fuel the fire. do you agree should everyone leave them alone? the dark world dominates the weekend box office. the super hero sequel held on to the number one spot with $38 million. not too far behind with $30.6 million. it was nearly $9 million. we know what s going on in the midwest. but what is going on with the rest of the country. time for the first degree weather update with maria molina. good morning heather and ainsley. we are still tracking the storm system that produced all kinds of tornadoes and damaging winds in the midwest. heartbreak across the nation s
administration s disability program. a senate panel reveals the program may run out of money in a year and a half. a disability claimed factory. it indicates an attorney there work with a judge and paid off doctors to score millions of dollars worth of faulty claims. right now more than 14 million americans are receiving disability benefits. a white diamond the size of a small egg sold for a record $30.6 million at a hong kong auction. two bidders competed for the 18 carat diamond until one dropped out at the sutherby s jewelry auction. it is the largest most significant diamond graded by the gem logical institute of america. beautiful. it turns out this
fourth birthday. the parents of madeleine mccann told itv they have new hope that the missing 3-year-old will be found. police are saying they have the most complete picture to date of the events that unfolded six years ago. when a preschooler went missing while on family holiday in portugal. now with the help of a 3-year-old actress, police have reconstructed what they think happened that night. the reconstruction will be broadcast in europe early next week. back to you, kate. thanks so much, erin. here s something for a tuesday. a flawless white diamond fetching a record price of $30.6 million at auction in hong kong. cnn s pauline chiou has the details. reporter: two phone bidders battled over the 118 carat oval shaped diamond for six minutes. it s the largest ever diamond