Reserves has been cut off. Theyll have to rely on imported oil. A major storm system thats heading east across the United States has caused chaos. At least eight people have been killed because of the storm. Three in california. Strong winds brought down trees and powerlines. Winter storm warns are in effect for parts of california through today. They are the headlines, ill be back at 8 00 pm eastern. Real money with ali velshi is next. For updates go to aljazeera. Com. Jpmorgan chase, paying a hefty price for its part in the collapse. Also a small city is making a big promise. Kids who graduate high school will get free tuition. Plus beyond twitter. The search for the next hot tech ipo. This is real money and im ali velshi. This is real money. You are the most important part of the show so join the conversation with the aj real money. On twitter. J. P. Morgan disagreed on tuesday, to pay a whopping 13 trillion, 8 billion will go to settle claims made by various federal agencies. Anoth
Twitter. J. P. Morgan disagreed on tuesday, to pay a whopping 13 trillion, 8 billion will go to settle claims made by various federal agencies. Another 1 billion will go to five states that sued the bank. But heres what might be the moss interesting part. About 4 billion will go to consumer relief. Now of that 4 billion, about half, will go to actually reducing the principal on j. P. Morganhead loans. Where the value of the mortgage is higher than the value of the house. Some of that money will also be put to restructuring the mortgages to reduce the Monthly Payments and of the remaining 2 billion some will go towards subsidizing mortgages for low to middle income borrowers, some will go to help distress areas or tearing down abandoned homes. Now, this deal between Jpmorgan Chase and are fell produce curts across the united states, whats more j. P. Morgan admits to misleadings verch leadings investors. Now when this deal ends all the civil claims against the bank, it doesnt absolve it
J. P. Morgan disagreed on tuesday, to pay a whopping 13 trillion, 8 billion will go to settle claims made by various federal agencies. Another 1 billion will go to five states that sued the bank. But heres what might be the moss interesting part. About 4 billion will go to consumer relief. Now of that 4 billion, about half, will go to actually reducing the principal on j. P. Morganhead loans. Where the value of the mortgage is higher than the value of the house. Some of that money will also be put to restructuring the mortgages to reduce the Monthly Payments and of the remaining 2 billion some will go towards subsidizing mortgages for low to middle income borrowers, some will go to help distress areas or tearing down abandoned homes. Now, this deal between Jpmorgan Chase and are fell produce curts across the united states, whats more j. P. Morgan admits to misleadings verch leadings investors. Now when this deal ends all the civil claims against the bank, it doesnt absolve it of possib
Board of supervisors to share in what are the technologies and what theyre doing in San Francisco and what the latest discoveries are that we can possibly use to help improve our city. Finally, as someone you know, i celebrated my 60th birthday last week. [applause] and my staff gave me an ipad, and is looking at it i might have to go and join your classes to be able to appreciate all the applications that we have there. So do not be surprised if the guy next to you has a mustache. When i leave here this morning, i will be going to rosa parks Senior Center. We just spent 2 million of federal monies to redo that whole Senior Center and allow that to be one of the sites that will post the Technology Advances you are experimenting with today. Our own residents at every location of our Senior Centers are going to enjoy the Technology Advances that we have as a society. This is why we work in a great city like San Francisco. We want everybody connected. We want to make sure the San Francisc
Center for all the rest of the cities across the country. So we get to compare information and there. What these days i will get to talk to you while i am in washington, d. C. , and you can hear what i am saying across there, so we can enjoy it wherever i go, you know i will be working and not fooling around. Finally, we also are using technology to join our private companies in hiring san franciscans. Hopefully some of your kids, some of your grandkids as well, are going to enjoy some of these great jobs in San Francisco, because the companies that are here, many of them have agreed to use the virtual hiring practice called hiresf. Org and share the technology to hire online send franciscans. Were doing the right here in our great city. I have a chief innovation officer, jane, who is working in my office. He keeps a good connection for both me and them members of the board of supervisors to share in what are the technologies and what theyre doing in San Francisco and what the latest d