President tearing up talking about executive action. Tighten criminal background checks and claims hes moved theyre legal under the constitution. Critic, including many gop candidates disagree. Well have live reports from the white house on that story. Ted cruz is one of the critics saying the president s orders are not worth the paper theyre written on. Hes in the middle of a six day barnstorming tour in iowa. Our Political Panel tells us if its a strategy that can actually work. This, the bickering between the sunni and the shia states in the middle east is only getting worse as kuwait holds diplomats from iran. Could the bad blood over the execution of a shia cleric and attack in tehran pose a danger to us, to the United States . Were going to take the question up with ambassador james smith, former u. S. Ambassador to saudi arabia. Big news today, record auto sales, we saw more deadly flooding and, of course, were going to have the latest from ces in las vegas. Less than an hour to
Napa california trying to recover from what could be billions in damage. Thousands of people packed a st. Louis church today to say goodbye to Michael Brown. Browns funeral took place more than two weeks after he was shot and killed by a Police Officer in nearby ferguson. The shooting triggered days of unrest. During the service, browns stepmother recalled a conversation of which she said brown predicted his own death. He said because i have been dreaming of death. I have been seeing pictures of death. He said i see bloody sheets hanging on the clothes line. And it just it truly touched my heart. And when i went out there and i saw mike mike, thats exactly what he was laying up under. So he pretty much prophesied his own death and didnt even realize it. Diane estebrook joins us shes on the phone from ferguson, diane, tell us more about todays service. Reporter tony, it was a very emotional service. There was also a very lively service. There was a lot of music, a lot of clapping. It wa
Im francine lacqua. We are getting breaking news from germany. That december number bank in line with expectations. That is also what we were expecting. The Current Conditions number is well in line with expectations. Economists got it right. There you go. Breaking news. Lets check on the euro if we have that in terms of current assessment. That is one of the strongest figures at 110. Lets begin with our other top story. Vladimir putin taking to the podium. The spotlight on the russian president today. Markets and investors around the world are all ears to hear what the russian president will say at his annual press conference. It goes on for a while. We will be in and out of this for the next few hours. Four or gifive hours. Journalists have been told not to bring in cuddly toys. There will be no cuddly toys of out within the auditorium. Lets get our Bloomberg View columnists take on this. Jim oneill is with us. Who was that daft person how muchay that the world has changed. That is s
Reserves so they can make a cash investment in a Capital Infrastructure to build a city hall or to do Something Like that and also to keep the bond rating agencies happy, to demonstrate that they are good stewards of the fiscal resources. So if you noticed the trend over time, it was much less than what we are now at about 22 of expenditures. Some 25 or 30 years ago it was much less. What cities have done over the last 25 and 30 years is theyve realized several things. One, that you cant predict the future as we all witnessed this last winter when salt reserves for at least the northern cities and some southern as well ran out very early and they had to dig into their reserves to buy more salt and snowplowing services. So preparing for these unexpected emergencies is one of the reasons that the reserves tend to grow over time. The other is that between the time that we started monitoring ending balances in the general fund to the present is that the federal government has become a much
From our studios in new york city, this is charlie rose. Paul krugman is here, a Nobel Laureate in economics and New York Times columnist and professor at princeton. He had been one of president obamas most vocal critics during his first term, and has changed his tune. A cover story in rolling stone, in defense of obama, calling him one of the most consequential and successful president s in american history. I want to talk about this, why you believe as you do, and how your feelings may have evolved. First, where are we today . I just watched what happened in washington in terms of global forecasts from the imf. They talk about a slowdown and recovery that is mediocre. They look at europe and china. The u. S. Was reasonably healthy. Right. The u. S. Has been looking really good, pretty good, not a roaring boom by any means. There are troubles. Europe is scary. China is scary, though that is harder to track. We are not an island. Not expect they u. S. To be completely immune to these d