It continues to weaken as it moves inland. Natasha barrett has more from houston. Good morning, were getting a break from the rain in houston, but the wind is picking up, its getting stronger as we speak outside. I heard of people now so desperate to be rescued out of the floodwaters they are using air mattresses to float to safety. Southeast texas underwater. In houston a flash flood emergency, manholes overflowing, streets turned into lakes, nearly impossible to drive through. The citys mayor urging residents to stay home. The streets are treacherous. It makes absolutely no sensor for anyone to be on the road unless it is an emergency. These people rescued from an apartment complex. How many we got coming . Reporter the storm packing a punch. I cant believe this is happening and i have no apartment, my apartment was decimated. Reporter rockport where harvey came ashore roofs ripped off homes buildings, boats destroyed. The wind was probably, i dont know, 100plus, maybe 130, 140. Ther
Only a few people got jobs. There is a piece on banking in Silicon Valley. How hot theoften Real Estate Market is. You have banks bending over backwards to help these very young millionaires. Medium prices for houses in the bay area. Over one million dollars. There are a lot of people who have only acquired wealth recently or are on the verge. They are creating this White Glove Service to let them in. Sometimes a very quick turnaround. Maybe even shorter on when you get your mortgage. A lot of these Business People have shares. Is not all liquid. Ellen it is not all liquid. In any case, they are making it a lot easier to get a mortgage than it would be for you, david. David that is true. Is there any risk . Have loans giving to people who are rich on paper, any chance they are going to go far . In some cases, they are not met they are not asking for much of a down payment. That brings to mind what happened during the housing bubble where there were lax standards for making loans. The l
People going to do. Din, y have settle settled in, either going to be enough jobs . There are efforts to train these people and to some degree they have tried to convert some of those into training refugees and giving them real job skills. This is been a part of the German Economy for a long time. Giving students internships that let them have jobs in these sectors for a long time. The problem in this case is that although people are being trained there are not necessarily enough jobs for them. Program anda trained a bunch of people, then hijre hired relatively few. David in the market section, there is a piece on the banking in Silicon Valley. We hear how hot the Real Estate Market is. You know have Bank Spending over backward to help these young millionaires or billionaires. There are expensive houses in the bay area. The median price is over 1 million. There are a lot of people who have only acquired wealth recently. Of course, banks want these customers. They are creating this Whit
The question is what will all these people do once they have settled in . There has been an effort among germanbased companies to try to train a lot of these people. They have apprenticeship programs and internship programs and to some degree, they have tried to convert them into training refugees, give them real job skills. David a big part of the German Economy for a long time has been looking at that is a model of vocational training, giving students internships that will let them have jobs in these sectors for a long time. Right, and the problem is in this case, although people are being trained, there are not necessarily enough jobs for them. Andler had a program trained a bunch of people and hired relatively few of them. Yes, it works to some degree, but only a few people got jobs. David theres a piece on banking in Silicon Valley. We hear so often how hot the Real Estate Market there is. You now have banks bending over veryard to help these young millionaires i guess in some cas
There has been an effort among germanbased companies to try to train a lot of these people. They have apprenticeship programs and internship programs and to some degree, they have tried to convert them into training refugees, give them real job skills. David a big part of the German Economy for a long time has been looking at that is a model of vocational training, giving students internships that will let them have jobs in these sectors for a long time. Right, and the problem is in this case, although people are being trained, there are not necessarily enough jobs for them. Daimler had a program and trained a bunch of people and hired relatively few of them. Yes, it works to some degree, but only a few people got jobs. David theres a piece on banking in Silicon Valley. We hear so often how hot the Real Estate Market there is. You now have banks bending over backward to help these very young millionaires i guess in some cases billionaires. There are very expensive houses in the bay are