Themselves short of cash here in germany thats led to a resurgence in the age old practice of pawning more on that coming up. But 1st, a taster of whats on the show here, how the gas prices are rising and affecting ordinary families. How the u. S. State of north dakota is embracing renewables and how a gym and Jeans Factory is going by tact and green at the same time. On robots. Ok to me. Now if you want to gauge just how bad an economic crisis is being felt on the ground, you need to look no further than porn shops for those struggling selling cherished belongings is a quicker and easier way of getting cash than looking for a loan. The practice has been around for a long time to believe it or not, the worlds 1st pawn shops date back to the 5th century when they were established by Buddhist Monks in china. The romans later introduced the practice in europe, and over the centuries or shops were established in amsterdam, kent and brussels with merchants and the Italian Region of lombardy
Let us start with a check of the markets. The equities are lower. About tensions in ukraine offset earnings from Johnson Johnson and cocacola. The nasdaq composite taking the read theit of the day index is heading for the lowest closed since november. A look at the chart. For the industrial average, it is also done fractionally. Tois down just to down 16,171. 20 we will update with julie hyman at 56 and 26 minutes past the hour. Government troops have moved against prorussian separatists in ukraines eastern region. Authorities say they have identified members of russias special forces among the antigovernment troops. Four militants were killed, two were wounded when ukrainian troops stormed an airport, taking it under control. The government in kiev started the operation. Secretarygeneral ban kimoon asked the u. S. To condemn the Ukraine Military actions. Mr. Obama expressed what the white house calls great concern over the russian Government Support for the approach for the prorussian
And my colleagues and i look forward to hearing your comments. I am going to wrap up by doing something i should have done at the beginning and i apologize for delaying. I know you were thinking you were listening to a nameless bureaucrat, but i am Joseph Goffman and counsel member for air and radiation. And now i will turn it over to john millet. Thank you. Good morning, everybody. And thanks again for joining us. Before i turn over to you, i want to walk through there part of the Clean Air Acting the epa will be using to reduce the pollution from the coal power plants. As we listen to your ideas and approaches, we will be thinking about how they fit under this section of the law. President obama has directed the epa to issue a proposal by june of 2014 and take final action by 2015. Greenhouse gases are air pollutants at are subject to regulation under the Clean Air Act. We have the authority under section 111 of that law and it sets out separate approaches to addressing new sources o
Public health groups, labor organizations. We want to hear about how eba should develop and epa should develop and implement carbon guidelines under the Clean Air Act. In addition to listening sessions like this one, epa Headquarters Staff and leadership, including administrator mccarthy, have been meeting with Industry Leaders and ceos from the coal, oil, and natural gas sectors. A been working with everyone, including governors, mayors, and present congress, state and local government officials, and Environmental Advocacy groups, and many other stakeholders. We want to be open to any and all information about what is eachtant to each state and stakeholder. That is what this process is all about. We are also reaching out to leaders in all the states and tribes to hear their ideas as we develop our proposed guidelines. The Clean Air Act calls on the states to play a key role in reducing Carbon Pollution from existing plants. We know we can learn a lot from ongoing efforts in the states
Commodities our lower in major market averages are pulling back. With the 26 ipo opening at 45. 10 now is 45. 89. Now of the value is beyond facebook we have seen the backandforth action although they state it is still fairly priced. Back to you. With the opening price of 45 and 0. 10 a share the market capstans at more than toward the 4 billion hit for that kind evaluation it will top some icons like alcoa has a market cap of 10. 3 billion tiffany is in. 1 and twitter is even bigger than delta that is 22. 9 billion and at that level it would rank as number 164 on the s p 500 despite the optimism my first guest says it is overblown. Paul, we appreciate you being here. Why do you think this is more hype . Good day. First of all, in the social media space you have to look a. N. C. Where other deals are priced and where they are treated. If the deal opens in the mid20s it probably would have been better for the company over the short term but if you look at the past it feels frothy and ha