How the new middle class survived. And lisa thank you for being here. Thank for having me. great to be here. Who did you write the book for . I wrote the book in a nutshell because i could not understand originally why if alternative Services Like check cashers and pay day lenders were so bad for people, why so many people were using them and in the course of my research, which took a few years, i learned that banks were not really serving the low the low and increasingly the middle class and i also realized that there were some good alternatives coming on board and i wanted to tell that story. The first book i wrote thats not an academic book, its for wider audiences. I wrote it for policy makers, for people who are working in the Financial Services industry and also for people like you and me, who may or may not be happy with the consumer Financial Services that theyre currently using. Great. Lets talk a little about what you mean by alternative Financial Services providers. So, lets
Winds and hail and turning much cooler as the night wears on. Your 7day accuweather forecast just a few minutes away. Now to politics. Theyre calling this the ocella primary. The amtrak northeast connections of connecticut and pennsylvania. They could give frontrunners Hillary Clinton and donald trump a big boost toward their nomination. Heres why. The latest abc news delegate estimate shows clinton is now 439 delegates from the number needed to clinch. And trump needs 392. A sweep tonight would go a long way toward those goals. Tim fleischer has the story. The voting place here in this particular precinct has been busy. Now they believe their vote really matters. The candidates are on these very extreme points of the spectrum and i think that energizes people. Votes carry more weight in this super tuesday primary. Were really late in the process and yet it matters. Reporter voters see many factors in their choices. The person who shows the most interest id say. So i followed that know
Lucy yang for channel 7 Eyewitness News. Now to a developing story involving another man at the center of the de blasio fundraising investigation. Hes the former owner of a restaurant in harlem charged with running a 12 million ponzi scheme and is about to appear in court after his extradition. Peralta is accused of running the ponzi scheme out of the hudson river cafe. Prosecutors say he fleeced wholesale business. Two of his victims who donated money to de blasios campaign are linked to some of the nypd officials who are now under investigation for corruption. A developing story. President ial candidate donald trump will be called to testify at a trial involving his trump university. A superior court judge called for the trial after all sides failed to resolve the case at a hearing. Trump university is accused of being a sham forprofit college that defrauded thousands of students. New information about the white house lockdown we first told you about at 4 00. A Law Enforcement source
About drones ever since they started flying sometimes in the same airspace used by planes and helicopters. The drone operator was found. That near miss happened about 800 feet off the ground as a helicopter was flying along highway 4 in martinez. It was the more oil and alhambra exits. Just how close that drone came to the chopper. Reporter 30 feet apart, ken, way too close. This story might have had a much different ending if not for the quick action of the flight crew. When the Highway Patrol helicopters rescue people as they often do pilots know and expect the dangers. The lives, wind, waves. Theres a drone out here altitude 1,000 feet. Reporter but a drone, an unexpected hazard. Almost hit this thing. Were keeping an eye on it here irk thats the voice of pilot pete gaffe it talking to an air Traffic Controller in concord after his near miss saturday night. I saw a red light out there. We couldnt identify it at first. Reporter a red light appeared the size of a golf ball on a drone
2. 64. Our road map begins with with the fax shutting down for the first time in 17 years. 800 federal workers furloughed. Merck cutting an additional 8,500 jobs, aiming to reduce annual operating costs by 2. 5 billion. All of that. Plus more and mad moneys big milestone tonight. First, the federal government has begun a Government Shutdown. 800,000 federal workers will be furloughed today with national parks, smithsonian, museums, most federal offices closing. We mentioned what gold is doing. Why how is the market trying to arbitrage this, jim . I think this is one of the crux of things. Europe is getting stronger, japan had some good things. Futures percolate, this morning they were up 8 and now theyve been cut in half. As theyve been cut in half people say this is a great opportunity again, ill sell again and buy lower. And up opening in the face, this, theres a lot of people who think is going to be resolved by friday. I was with my friend who say do not believe this is going to be