The cost, protecting all Vulnerable Properties may be cost prohibitive and the city may be forced to consider a strategy of managed retreat, meaning in the simplest possible terms the ocean wins and people will have to move. Maybe we cant protect all of them, but we can protect some of them. If we lose ground, i mean yeah, well have to plan for maybe one lane of west cliff. Reporter its the just west cliff drive. This map shows neighborhoods east of the boardwalk at risk as well including sea bright and twin lakes. Its unlikely, however, homeowners give up without a fight. I think people who live here, who realize the beauty of this place are really going to do everything they can to rebuild, if possible. Reporter how much time does any of the threatened properties have . Impossible to say. The science is increasingly clear. There is a storm gathering in strength growing. Sea level rise and coastal erosion affects communities throughout the bay area including, of course, San Francisco.
The russian capital. Plus. Reporter eye am in bang to think tie lands looking at the fortunes of thai airways to find out if it can emerge from the clouds of heavy debt to make a soft landing. Iraqi force say they are making gains against isil im Senior Iranian commander is reportedly helping to direct the iraqi offensive. But the u. S. Says it isnt providing air support because it hasnt been requested. Around 20,000 soldiers and militia fighters are advancing on the city of tikrit. Thats been under the control of isil since june, jane arraf is in baghdad and joins from there now, where they say they are making gains what do they mean . Reporter they mean that they are making progress in the three front in which they are fighting around the edges of tikrit. They havent yet goon in to the city. Because this is going it be a very stuff fight. Its the biggest city they have tried to take back. And its full of isil fighters and laid with explosives. Thats one of the major worries. But what
Gerri we begin tonight with new concerns over reverse mortgages. As the market grows and grows there is mounting criticism the way some banks handle the deals. Across the country people finds out hopes they thought were theres are taken away. It happened to laura when the bank sped up bidding on her fathers foreclosure. We have mark from stern cool school of business who studies the issue. Laura, i will start with you. A lot of folks dont know what a reverse mortgage is. It is exactly like what it sounds. Instead of you paying the bank for a house, the bank pace you. It is an arrangement more and more seniors are doing. Laura, your father had a reverse mortgage. What happened when you tried to buy back the house . Well, i was one of the lucky ones. I was there with my father when he filled out the paperwork and, right now, our issue is not buying back the house at this moment. We were promised that i would, he was promised that i would have 12 months to be able to figure that out. As a
Gerri our top story today five days until the exchange opens in the industry shinn is dressing up its version of how much Health Care Cost will be under obamacare. Though they say. The critics are blasting it seeing increases will be large for most. We have the details. Premiums are only a small piece of the puzzle. Fit ministrations has offered the most detailed information so far this week insisting it will do what the president pledged. It will deliver on its promise to make Health Insurance more affordable and accessible for american. And unfortunately you cannot answer the most important question will my insurance rates go up in 2014 . Schaede cherry pick the data to highlight the fact people of low income will benefit the those of middle income will not they did not talk about that. The new law requires the addition of the essential benefits, a long list of things that must be covered. The Manhattan Institute analyze rates around the country and found the costs will soar by as mu
Where they will go from here. Charles payne, no debating where they come from. Already moved up. We are on the cusp of world hurting bad. There are too many stories, premiums are going through the roof. We are a part time nation, Small Businesses are hunkering down. We hear about more things. 20 bucks this, 90 bucks this, its unmitigated nightmare and already begun. Im horrified, in california insurance premiums are skyrocketing. Some of big insurers say they are going to leave the state altogether. Obama administration is going to make sure that you have to include people with preexisting conditions, that guaranteed a gigantic increases. Its going fall off the tracks and crash. Neil julie, didnt have to be a Rocket Scientist or dr. Kildare to figure out guaranteeing coverage for preexisting conditions or having your kids on the policy until they are 80 or Something Like that was going to result in higher premiums. So why this shock, this response . First, and foremost, to look at this