features pulling it off to the north. we are expecting 5-10 inches of rain in the midatlantic and new york and metropolitan area. and western part of new england. all of these areas have had excessive rain in the past and ground is saturated and issues with flash flooding and river flooding before it is all over. craig, i am going to turn it to you. as we talked about the hazards, i want to key on couple of points. categories of hurricanes doesn t explain all of the rick. you deal with four principle risk with the hurricane. high winds, storm surge and they are tied to the center of circulation and bill talked about rainfall and tornados, they are not tied to the category storm. it may be a category one
get about 25% of the return. and wall street puts up none of the capital. takes none of the rick, and gets 75% of the return. if you think that s a good deal, eliot, welcome to wall street. that exactly is the tension, the conflicts of interests that has been adherent in the so many mutual fund companies for decades. exactly. mutual fund history is a big market industry whose objective is to raise the amounts of assets under margaret, stand management, bigger you are, a lot of fee, leverage in the fees and huge economies at scale as you get bigger. the mutual fund industry by and large has not shared the economies to scale with investors, they ve shared it with themselves mgts your notion, teep the fees low to give a bigger return to the investor. scats exact lie right. transaction costs low and get rid of the sales. the index does. every fund in america, buy a vanguard fund that owns the stock market seven basis points no trading costs, high firsty, no lows. a way to capture you
and wall street puts up none of the capital. takes none of the rick, and gets 75% of the return. if you think that s a good deal, eliot, welcome to wall street. that exactly is the tension, the conflicts of interests that has been adherent in the so many mutual fund companies for decades. exactly. mutual fund history is a big market industry whose objective is to raise the amounts of assets under margarestand manag bigger you are, a lot of fee, leverage in the fees and huge economies at scale as you get bigger. the mutual fund industry by and large has not shared the economies to scale with investors, they ve shared it with themselves mgts your notion, teep the fees low to give a bigger return to the investor. scats exact lie right. transaction costs low and get rid of the sales. the index does. every fund in america, buy a vanguard fund that owns the stock market seven basis points no trading costs, high firsty,
everyone is okay. it is unbelievable. the rick, thank you so much. you can hear just enormous relief when she gets through that moment and she is able to say, i was so scared. this woman, that is what they teach hostage negotiators, you know, go through extensive training. she did a fantastic job. she is a great citizen and protector. gregg: she offered empathy and sympathy to heem and reasoned with him and really talked him off the ledge and won the day and saved 9 lives of all those kids. what a hero. we ll talk by the way to dr. keith ablow about what she did that was so very important here. martha: good story, right. we don t get to tell that many good stories some days and that is one for you today. gregg: rick, thanks. gregg: new fallout from obamacare. ups and the university of
more people to take risky behavior and put houses where they shouldn t be. i would like to make the program work. i would like to make it efficient enough to do the job. it has no money and 20 billion in debt. and all we have to do is look at the history of fema on the coast. you know whether it was katrina or when they come in to help mow in my district. they are not popular. i do spend a lot of time. it is the bureaucracy that i get the most complaints about. i suggest there is a better way to do these things. you think the federal government has a role to play. think rescue operations are good. but the insurance program is economically unwease. and so it is no longer insurance but a free bail out for taking the rick.