Reporter raj, state water Officials Say we are wasting the most water here, outside, doing things just like this. Washing down the sidewalk and washing down our driveways. Starting in august, that could cost you a 500 fine. But there are exceptions. Powerwashing may seem like a waste of water. But the manager at the Cadillac Hotel in San Franciscos tenderloin says its a must. The urine. Reporter the department of public works gets nearly one thousand requests a month to clean up human waste. More than half are in the tenderloin. Cleaning crews use as much as 600 gallons of water a day. People who live here say its not a waste. People are health area risks, with feces, garbage, needles. Reporter even in the drought, the soaking will continue. The state Water Conservation board says the sidewalks can be cleaned here because there is a health and safety concern. But dpw is providing portable cleanups to try to reduce the number of cleanup jobs. And it will stop spraying in other cases. We
Good morning. You are watching the pulse. We are here in london. Getting somet breaking news out of the International Energy agency. Cutting Global Oil Demand for the fourth time in five months. Despite the fact that the price of oil is going down, demand is not picking up. The fact that they are having to do that for the fourth time in five months tells you about how quickly everybody is racing to try to get in front of this story. The story that continues to see nymex crude getting crushed. Below 60 a barrel. We are watching a number of confluences coming together here. Youve got the opec story, what is happening in the United States, the impact on emerging markets it is substantial. Lets find out how we should be looking at this story. Mark mobius is Franklin Templeton investment chairman. He joins us now from singapore. How should we read it . How should we make the oil story work for our investments . As you mentioned, the impact is tremendous. In some countries, it is disastrous.
Looks set for a landslide victory in this weekends election. Uber waits to hear if one of its will be babbed as Global Expansion blocks hit a number of roadblocks. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And we have had the iea oil market come out in the last couple of minutes. Some headlines from that, they said the selloff in oil gained pace after the opec meeting on november 27th after they decided to keep its output target unchanged. Of course, we knew that already. They say the outlook for Global Oil Demand pore 2014 has been cut by 50,000 barrels a day. Also saying the strong dollar and the listing of subsidies have so far limited price effects on demand. While in the last month or so, weve been focusing on the opec meeting citing weak demand and the strong u. S. Dollars as reasons for this oil price, overall, they say surge in nonopec supplies to its highest growth ever and a contraction to demand growth there is the reason
The iea also warning that weak demand raises the risk of social instability. But Goldman Sachs executive calls lower oil a blessing. There are a lot of positives to the economy from the Energy Situation to the resurgence of housing to the most important thing of having reversed all the leverage that was in the system and kind of reset the clock. So you can take something thats a blessing, lower price of oil which once you think of like a tax cut. Take a look at the price of crude. Youre looking at wti crude at 59. 33. What are you smiling about, joseph . How many times have you heard that Lower Oil Prices like a tax cut . I probably heard that a thousand times in my life. But i agree. But i dont know if thats the you know . I saw that yesterday, too, that he said that. I was like, thank you, but i knew that. Right . Like a tax cut. We know that. But its amazing how many people push back. There was even a guy tweeting this morning meaning yeah you pay 50 cents less for gas and lose thou
40,000 feet it looks clear if youre in the weeds its a little murkier. You mentioned the family jewels. Imagine the irancontra situation. You look at the cold war the human debris is massive. Where does he stand on these issues are how to see reflect . Is this just Collateral Damage because this is about right and wrong . Does he have thoughts about these things . If so what is his take . In that sense he is kind of a political strategist. If need be he was prepared to be ruthless. He signs off. You know he supports vietnam. A lot of things. So it is kind of the priority of the us soviet rivalry but there is also awareness of kind of the limits of american power. He is very cautious and you have to be very careful about where the United States intervenes and when it ask. He is inclined to be a little more he would act on occasion or did agree with certain acts, obviously the iraqi example. But he is kind of modest. Modest. That is where he differs from the neo conservatives are some of