joseph a. banks started here, and they're still here. the greise company is right here. we had sholamman, shlosh brothers. most all were located in downtown in an area of about four blocks. we also were big in tie manufacturing from the schlepler tie company. and when we walk around on part of this tour, i'll show you the case that holds the ties. before we do that, there were two other things that we really manufactured in baltimore. we were the umbrella capital of the world up until 1981. and it all went overseas after that. no more umbrellas were made here. here's a typical example of the umbrella business in baltimore. if you'll notice it must be close to -- it's at least 50 or 60 ladies in that picture there. but we made all kinds of umbrellas. we made parasols umbrellas with sterling handles. the umbrella business was big in baltimore. it was hayes brothers, and the slogan was, born in baltimore, raised everywhere. that was a pretty neat slogan. let me tell you this. we also were the hat capital of the world. we made hats just like the one i have on. we made straw

men's wearhouse buying joseph a banks or office april fighting officemax, all of them had officemax -- all of them had activists involved. activists are involved. the staples, office depot conversation is driven in part by activists. the average market value of the three big mergers last year, up over 50%. that is a very big driver for the activists to get involved in stirring the pot. >> how about the individual company's ceo gas so how badly do they want to be consolidators ? >> depends if you're the winner or the loser. >> the name of the game -- >> but is a problem because of the end of the day what matters most is the shareholder value. it comes at enough of a premium that shareholders should be all for it. >> if you are in a consolidating industry coming your growth is flat to nonexistent. you can restructure the company multiple times or you can consolidate for a huge value for the shareholder, benefit for the business long-term. lex what is a non-consolidating industry? they are all right for consolidation. >> that is true but for sectors new and growing rapidly less means. at

in joseph smith as a prophet. by the end of the year, there was fighting among different mormon factions in the kirtland temple. smith was hounded by creditors. he feared being prosecuted for violating bank charter law. so, by the end of the year he fled to missouri. so, what do we have so far? a church whose followers had to abandon the place that joseph smith had identified his zion. -- as zion. a church whose prophet started a bank that failed. a prophet who essentially had to flee ohio for his life. the story was not over yet. smith joined a group of his missouri followers in a more northern county and the mormon population began to grow there. at first when the mormons were mostly just caldwell county, things were ok for a short time. but especially as people came from ohio to join the missouri settlement, they grew and expanded into other counties. that generated opposition from non-mormons in missouri, and opposition that became even more intense than it had been in 1833. by the summer of 1838, there was fi

joseph gibbons had a camera as he held up a bank reportedly for his church. he told an inmate he didn't commit a crime but was working on a film. a few years ago he admitted to using drugs for a different research project. >>> 20 years ago a flower girl and ringbearer walked down the aisle, and now thanks to a chance reunion, the couple did it again this time as bride and groom. >> she turned around one day in class and said i think i have a picture of you on my wall at home. i remember running around making commotion. >> his mom whipped this picture out of her wallet. she said i've had a picture of you up in my house forever. >> the connection led to a first date and after five years together they are right back where they started with rings and flowers for their very own ceremony. i love that story. >> did you hear about the story at disney world there were photos from 30 years ago that ended up getting married this is the kind of stuff that keeps me up at night. they were at magic kingdom. >>> there is not a bigger romantic than clayton. that's sweet clayt

the bank was fairly steep. >> medical examiner joseph burton had to hold on to a rope to get down to the scene. >> he had a ligature mark on his neck like if somebody had a ligature and they were behind you or off to the side behind you and they closed their hands or fists together and pulled the ligature, basically. >> in other words, killed from behind. >> most likely, yes. >> all right. let me place another sample on this side. >> state crime lab scientist larry peterson attended the autopsy. >> i can recall at one autopsy pulling a fiber off of one of the victims. it was a green carpet fiber and mounted the sample on the slide went over and looked under the microscope and it's the same one. >> you knew right then? >> knew right then. >> apparent it's another victim of atlanta's child killer or killers. >> local television carried these pictures live from the crime scene. >> as it was studied it was apparent it was one of the three children listed as missing. we're told the child's body -- >> sheila baltazar got a call from her mother. >> she say, they found another body. she say,

joining us now is joseph stiglitz, 2001 nobel laureate also a world bank chief economist and professor at columbia university. good morning. >> nice to be here. >> you've campaigned or been vocal about the need to write some of this off. in this game of chicken which is sort of what it is, who's going to win? >> i think greece will. i hope greece will. and i think it's important not only for europe but i think for the whole global economy. the policies that europe has foisted on greece just have not worked. gdp is down over 25%. that's worse than the u.s. great depression. youth unemployment is 60%. and it's been that way for years. can you imagine a society where you -- to use the phrase that people talk in the united states, you play by the rules, you work hard. you can't get a job. >> do you think the euro unto itself is a failed experiment? >> it was a mistake in the beginning. that to me was clear. that was clear. your only question right now is can they make it work? >> should they try? >> i think they should try. but they can't using the same medicine that hasn't worked and fail

european central bank has begun a quantitative easing program. to you automatically buy european stocks? look what happened to our sock market when they started the latest round here in the u.s.. >> hopefully you've already moved into a goody verse filed you are european funds. we think that the enthusiasm which certainly could linger for a whileverse filed european funds. we think that the enthusiasm which certainly could linger for a while is up against a fairly specific deadline. ecb stops its similar bond buying program in september of this year. that means i think by july at the latest, european economy, the zone in particular will have to show evidence of at least some form of a turnaround. otherwise whatever you gave between now and then could easily be taken right back. >> not only do you have the point jim just made the fact that a lot of this was perhaps already priced in and thirdly and real interesting is the fact that el-erian, larry summers, everybody saying europe's quantitative easing program won't be that effect difference and ye

here's what happened. 32-year-old joseph cashmere five year veteran of the police force banked up pretty good. but the good news is, he's going to be okay. the trouble all started late this morning 22nd district police officer and his partner pulled over this impala at 32nd and susquehanna n police say the plate was from a different car and the driver was being very evasive. when they asked him to get out of his vehicle instead he gunned the car and spun out on ice. >> the officer then drew his weapon ordered him out again and the mail in question actually grabbed the officer's gun and tried to pull him inside the vehicle and that's when he was able to pull off successfully going westbound on susquehanna dragging the officer up the street for a good ways. >> reporter: the officer had his leg run over. but at least he got off his a* shot that shattered the car window according to police. his partner raced him over to temple hospital in their own vehicle. where he was met by his fiance' his mother the mayor and also his brother who happens to be a police officer. while crime scene marked e