tv Your Money CNN January 9, 2010 1:00pm-2:00pm EST
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opportunity to start a business and because they'll be helping to reiterate what, 45% of americans actually say they don't like their jobs? so the dolans have answers for you and also going to delve into five ways in which you can earn extra money in 2010. so we want you to send your money questions to my page. my blog page, or to josh levs' blog page as well on facebook. coming up at 2:00 p.m. right after "your $$$$$." right, josh, see you in the 2:00 eastern hour. the president's challenge. address the threat of terrorism without losing focus on the economy. is it too soon for a shift in presidential priorities? the new $250 million plan. educate to innovate. but will the best and brightest in this country soon have to travel to china and india to land a job? and the market is soaring, but buyer beware. one theory of what could happen
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to stocks in the back half of 2010. get ready to get smart. it's time for "your $$$$$." once again we're into 2010 and the economy looks a little bit better but the unemployment rate remain as painful 10% and that is a number than is threatening to cripple our economic recovery. welcome to "your $$$$$." i'm ali velshi. >> and i'm christine romans. the economy actually created jobs late last year in november. when employers added 4,000 positions, but that small, little gain ended almost two years of job losses and then by december, the layoffs resumed. >> oh, i so wanted it to be differ. >> i know. 85,000 jobs lost in the final month of the year. >> the grand scheme of things, has not been terrible compared to what we've seen in the last year or so. >> still, 85,000. >> a lot. >> unexpected and since the recession began now 7.2 million jobs lost. >> let's break that down. unemployment rate in particular, which is 10% on average.
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the jobless rate for blacks, hispanics and teens is rising. it's much higher than the national average of 10%. so look at the screen there. adult men van unemployment rate of 10.2%. higher than the average. adult women, 8.2%, why some call this a man's session. the manufacturing and construction jobs dominated by men have been heavily lost, whereas jobs dominated by women in education and health care have been growing. teenagers. unemployment rate for teenagers able to work, 27.1%. that does not bode well for a good start. look over when we break it down by ethnicity. the population of whites has an unemployment rate that is lower than the national average. national average is 10. whites 9%. black, 16.2%. that's spread between whites and blacks. always been there but actually growing a little here. a bit of a concern. latinos at 12.9%. that spread is narrowing, the unemployment rates for blacks, latinos and teenagers grew from
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november to december. so we ended that year, that -- jobs loss was slowing, but we ended that year with unemployment rates for those three groups actually rising. >> young people have a lard time getting jobs because so many older people experienced, like us, have job experience will work for less money. again, another subcategory here we often look at, if you have a college education are, your unemployment rate is half. >> about 5%. >> haven't graduated from high school, about double the national average. >> flip that around and look at unemployment way college education. still doubled over the past year. >> everything's gotten worse, but it is different. >> better protected with an education. and the chief economist and joann with conde nast. cnn national political correspondent, we break down what all this means four, for the economy overall and for politicians. >> and for politicians an issue. big issue. trying to emerge from this thing. jessica yellin what does this mean in washington? what does it marine for the
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obama administration that this is the one thing that was so, so high on their agenda in terms of solving, and it just seems they keep getting stuck on unemployment and jobs? >> they knew they had to come out of the box strong on jobs amend felt they did immediately after the new we're. the terrorist scare over christmas pushed back their jobs agenda a little bit. one of the white house officials is saying we know thousand walk and chew gum at the same time and they absolutely have to. no choice but to pivot and focus on jobs. and you saw them start to do that on friday with the president's comments, when he came out talking about green jobs and the focus there. expect a big push on the jobs bill that will move through the senate in the next four weeks. they have to get that done. politically and in terms of the economy and they know that. >> and you know, we can focus on green job, but we know that with 7.2 million jobs lost since the recession began, the president and his labor secretary, they cannot promise a green job for 7 million people right away,
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right? what does 2010 look like and what can they deliver in terms of jobs growth for people this year? >> it's a good news/bad news story in the sense that the good news is unemployment rate is either at or close to a peak and going to come down through the course of this year. bad news is, it's going to come down very slowly. so even by the end the year we've looking at unemployment rate of 9.5%. so it's not going to look really good for the democrats when it comes to the mid-term elections. in that sense, it's not a good picture. >> 9.5% still really hurts. means there are families who wants to be working who can't and after 40% of the unemployed now have been unemployed for i think six months or longer that become as problem and the economy. >> benefits and you generally change, joann, your role as an economic participant, when you become part of the long-term unemployed. a big problem a. huge problem and what we've got going here is, think about this. there are 15 million people who are unemployed right now.
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that does not count the millions more who are underemployed or. i who have just gotten so discouraged they've left the workforce. >> we talk about discouragedpeople wonder. talking about a manufacturing worker at a manufacturing town in the midwest where what are they looking for as another job? >> right. are they looking for, what are they looking for? the green jobs thing sounds great, the administration has been talking about it since the spring. best estimates far muir than 1% of the job in the sgregreen executor. a lot the turbines disappeared, the solar companies laying people off. >> sure. >> and developing. we'll talk about this later in the hour, developing resources and rnd in other countries where air force growth is happening. >> what role i mean, if you want to be mabd at the government, mad at the administration in fairness people ask all the time, what role should she have in creating jobs? we don't want to live in an economy where job, coming from the government anyway. >> i think the best role the government can play is in fact
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in kickstarting growth. the good news is, there's a lot of pent-up demand out thp corporations have the money to spend. nine out of ten households have the money to spend. they've got jobs. the issue is to improve the confidence that sort of the growth momentum. in thor stages of the recovery. then stand back and let the economy kind of move on its own. so it's like kickstarting this important -- so far so good. i think the stimulus a big stimulus has helped, but it's going to be slow going for a while. >> you know, guys -- >> can i weigh in? >> one thing to add here, some of this is just maintaining government jobs. think about how many of these states are going flat out broke right now. >> right. >> the house bill, the house jobs bill, what it did, added money to keep cops on the beat. things like that. could keep state and city governments functioning. some of that, the federal government can help with. that's what they're focused on. >> every job kept keeps somebody a a taxpayer and helps that bottom line.
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keeps them potentially a consumer and so that's important, too. >> it is. >> that's important but the stimulus we've already had, the $780 billion, a great deal of missed opportunity because it was spent so slowly and so little spent on jobs, the ready jobs and in creating jobs that can put people to work right away. so much of it has been spent on tax breaks and on other things that are really not creating new jobs. >> plugging budget holes and the like. we'll keep talking about all of these things. thank you all for joining us. stick with us for another round here. you know, where are the jobs in 2010 and what kind of jobs are we are talking about? a closer look at who's hiring what they're paying and what you need to know about the future of jobs in this country.
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behind the job report numbers it's the landscape of the american workforce changes as well 7. according to our next guest, survival of the fittest out there. so-called permal answers are here to stay. not necessarily a bad thing. >> ted gilliam, cto of the staffing company and with us jessica yellin and joanne litman, from conde nast portfolio. ted, you say you expect this to be the most darwinian recovery in history.
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what does that mean? >> company, getting more confident about bringing people into their organization from where we were in the summertime but looking for the absolutely best talent. it inside it's organization and out. a jobs recovery for the best and brightest in their field, and i think what has that means is you've got to be on top of your game every day. >> a huge pool of people to choose from. 29 million people under employed, unemployed or drop out of the labor market. a lot of folks in the country with a good education system in general and there's a lot of people out there. >> and people are seeing a trend in the changes where the job, going to be. they're using this as a chance to change industries. take their financial and analytical skills applied in financial services and go to energy, where they see a future brighter than maybe what they saw before. >> nuclear engineers. these kinds of things. stuff i couldn't do are the places the jobs are going to be, right? >> clearly, look at unem proimt, 5% for he'll kplooeted school.
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15.3% if you completed high school. in the education system, you've got stanchts the president and white house trying to piv the towards job situation and creating jobs and green technology. that's not going to eat up all of the jobs lost. though, right? green technology can't be the whole solution? >> we've lost millions and millions of jobs and have 10% unemployment and a group of people who are employed but not full pip we didn't see an improvement in the average workweek, in the december jobs number. >> people could work longer, more and companies aren't given them the hours? >> not a lot of evidence of freelancers converted into full time jobs opinion the one marker we've all been waiting for. >> exchange there we hear this from adecco clients, they had to cut deeply in this recession. they don't want to do it again. >> slower to recover and hire back? >> even where they need resources they want a flex model. whether a temporary, 47 jobs
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increased in temperature area, 47,000, or a contract worker. project-based work or contract work. if something dramatically changes in 2010 they're not a situation to have to make cuts again. >> talking about here is stuff that is cyclical. you can explain to some people in some jobs that they can get a little more education, stick it out a little while. it will come back. the problem i think the administration has is that of that 7.2 million jobs lost, many of them are not part of a cyclical downturn. they are manufacturing jobs and they are not likely to come back to this country anytime soon nap remine as political problem. when the president comes out and the manufacturing parts of this country. >> yeah. those number, chilling, when you look at them and listen to what he's saying, because for especially politicians who are up for re-election this year. 2010 mid-term elections are coming up. everyone here in this town is focused on them. big cities are seeing their unemployment rise. even though unemployment broadly is stabilized, unemployment in big cities is spiking, and folks
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who are representing essentially communities with an under-class. folks without a college education, don't have special skill sets are so frustrated they're ticking it out on the president. >> job number one and two are jobs and counter terrorism. how do you make sure you balance both of these things and both of those are job number one? >> that's the challenge for this president. he's going to have to do not only both of those things, they both have to be job number one. cannot let up on the economy for political reasons or terrorism at all. but in addition to that, christine, he also wants to take on this year immigration reform map to finish health care. wlaunts to do climate change pap jobs bill. financial wall street reform is coming up. such a packed agenda. looks like something will have to go, but it cannot be the economy. we know that the job situation, though is going to be with him not just this year but for the rest of this administration. look at a best-case scenario. say we go to creating 300,000 job as month, which would, you know, be enormous.
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>> double what we often do. yeah. >> okay. so best case scenario, it would take five years. five years. >> yeah. >> to be into the next term by the time we get back to pre-recession levels. >> worst case scenario, 2015, '16 '17 '18. >> right. >> long-term talking about it, are we investing in the education to make u.s. employees desirable? in the nearer term from a policy point of view, as companies recover, the economy's getting better. are the jobs going to be here or are the jobs going to be somewhere else? >> interesting discussion. because we're going to have that discussion later in the show. you teed us ep well for that. what are we doing to prepare for the return of the economy? it may be 2013, '14, '15 '16 '17. it will be there. you you are planning on being around. >> and they may be in singapore, germany and other countries. thank you all so much. or very own jet kaw yssica yell
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time to look at the big headlines. joining us, pat kiernan a good friend of the network. d.l. hughley, radio host and comedian. first off we announce the best and worst of 2010 in terms of jobs. >> right. drum roll, please. congratulations to actuaries across the country. claiming the honor of best job in 2010 according to jobs rated report by careercast.com. people who interpret statistics of risk and uncertainty. >> insurance places use them. >> so sexy. software engineer. commuter systems analyst, biologist and historian. >> i don't get the historian. seems like an interesting job. what's up with that? actuaries measure opportunities for advancement, salary. >> income stress, outlook -- physical demands -- >> risk factors stuff like that. >> actuaries don't have a lot of risk factors. >> the worst jobs.
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roustabout, for a worst job, the best name. >> oil wokkers. >> labor intensive, low are bay. >> d.l.'s ready. lumberjack. >> ironworker, dairy farmer and welder. you look like one. >> kind of. >> had any of those jobs? >> no. i haven't done -- roustabout i kind of have done. i thought that was -- ross has sherry i thought. oh. they have all their money. >> no expensive denners. the best and worse job you ever had? >> you were a grocery guy. worked in a -- >> yeah, candy floss spinner. >> many might know know what it is. >> what do you xbleen cotton candy. candy floss is a canadian term? >> i never heard that in my life. >> me neither. >> he's the guy that sits there
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and gives a pink thing that you eat. >> wow. >> in canada? >> well, that's what i happen to be growing up. >> d.l. is -- with the unemployment rate, america at 10%. if you have a job, you probably feel lucky but that doesn't necessarily mean you're satisfied with that job. that brings me to the romans numeral for this week. xlv. only 45% of american workers are satisfied with their jobs. according to a survey from the conference board. 45%. that's it. >> i'm fascinated by this. fascinated in an economy where unemployment is at 10% people are not -- i definitely get the feeling every day when i have a job, my god, i've got a job. might be a tough day but teeft ooich gov a job. i'm satisfied by the number dissatisfied. another survey says people given the chance would leave their job. >> working more. productivity. squeezing more out of you every hour. >> people don't feel the freedom to try to move. because of the -- nobody else is
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going to work. i have to stick with what i do. a natural progression. >> feel like -- i go all over the country a perform and in a lot of different places. there is a feeling of, i think, more just hopelessness, just like despair. even people that have jobs, even if they dug the job before, feel like they have -- a lot of people in relationship situations they feel downed to because financially people just can't make -- there's not much room for movement. they have to kind of be there. that obviously is -- >> when does that break or change? when jobs come back? >> yeah. maybe -- if this analysis is right, interesting you're unhappy because you now don't think you have options. the same thing that made you happy, i suppose the availability of options creates a sense you're happy. i guess that's the point. i don't think it translates, when more jobs are available, i don't think two-thirds of people are all of a sudden going to
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change their jobs. they'll be happy with their own jobs. >> a big lag. >> the trend in the labor market. equal opportunity commission said this week with a number of workers claiming discrimination on the job surged to new highs last year. a disability discrimination claims the big of the jump. this coincides with recent changes with the americans with disabilities act, a lot people with treatable, epilepsy and diabet diabetes, citing, race, sex and retaliation the most frequent as several years. what is dehind the spike in bias claims? more layoffs? people are saying i was laid off for the wrong reasons? >> that's part of it. obviously, if the labor pool is much smaller people are making more kinds of decisions as to what kind of worker they like and which to let go bp and it would be disingenuous to think some people don't factor those things in when making decisions what work toers keep and who they'll move around and what they'll do. that playing a part. but i think, again, i think the
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economy, you know -- if a long -- i know i thought that the economy was wall street and the stock market. if you can't buy gas and you can't buy food and you can't buy clothing, and just like the christmas holidays, you can't -- there's a limitation to that, it makes you feel -- there is a lot of hopelessness answers and that permeates what we're seeing right now. >> and people who, if you don't have the opportunities to get another job, you may be a little more vigilant about why you think you lost yours? >> it's almost impossible, crime rates or claims like this to separate how much of it is awareness and people choosing to report versus a true increase in whatever the underlying accusation is. >> and no other choice. it's not like you lose that job and can get another one right away. >> now you go back to, wait a second. was that fair? >> right. >> and as a black lumberjack, i feel safe with my job. >> i bet we'll hear from black
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lumberjack. >> definitely a trade association. the president announced a initiative to get american kids back to the top in math and science, but after all of that education, why so many of these high-tech jobs might be found far away from the united states. what's going on? we ordered a gift online and we really need to do something with it... i'm just not sure what... what is it? oh just return it. returning gifts is easier than ever with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. plus i can pick it up for free. perfect because we have to get that outta this house. c'mon, it's not that... gahh,
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some support for education. this week president obama anourngsed a $250 million plan to improve math and science education. here's his reasoning. >> the nation that out-educates us today will out-compete us tore. to continue to seed our leadership in education is to seed our position in the world. that's not acceptable to me and i know it's not acceptable to any of you. >> is this what america really needs? the right approach at the right time? michael title baum with the al best piece foundation, specifically targeted at training in science and math. we've reported so many times that we are facing big shortages in science and math teachers and a big push to get late career science and math teachers,
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professionals, back into the classroom. is this the right approach, $250 million to try to jump-start this part of things? >> it's a good idea. we do need more science and math teachers, k-12, and better science and math teachers. it's a quality question that ought to be addressed in a very serious way. the final issue, i want to mention to you, is retention. because there's huge loss of trained teachers out of the system, especially in science and math. so it doesn't make too much sense to train a lot more people and then have them leave. >> why the xwlos why are they leaving? going into industry? >> they find it difficult to be a teacher. it's not a satisfying profession for many people. they have very -- they're very overworked. often not respected. the pay can be quite decent, in some areas and not good in other areas. there are a lot of reasons, but i think a lot of attention should be paid to retention as well as the education of more
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science and math teachers. >> are we clear of people trained and studied in science and math or short of teachers, as result that's taking a toll on the future generation? >> we're not short of people that study science and math, but the teaching side of science and math, k-12, is a problem area. >> and the result that problem, if we don't deal with it who be, what? substandard education in science and math k-12 meaning what? >> that would mean that the future generation of adult citizenless not be sophisticated about science and math and that's essential. no matter what career you're in, no matter what do you in the future, you're going to have to know science and math in a serious way. >> this is is a country that thrives on innovation and coming up with new things. that is science and math and technology issues. are we, do we have enough scientists and engineers in this country for the jobs available now? do we have the talent here to really be that country that is the innovator of the future? >> well, you know there are lots of claims of shortages of
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scientists and engineers mostly coming from employers and to some degree from immigration lawyers. >> that's because -- >> because they want to have more visas for science and math people to come in. >> who are paid -- >> who are paid -- well who knows? we don't have good data on that. >> then this, then, for two particular parts of our audience. the part of our audience that are parents of kids in school from k to 12. anything they can do to address this? number two, for parents of kids who are maybe college-bound, is there an opportunity here for them? >> yes, to both. >> okay. >> the parents should pay attention to the quality of the science and math teaching their kids are getting. that's critical. and there are teachers who are about slubtly terrific. we know that at this loan foundation and have aar ward program for truly exceptional science and math teachers in the new york public schools and there are some spectacular teachers in the new york city public schools. as far a career paths, people should educate themselves about
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career paths. shoin go incidenocently into a with career forward. that's difficult because of 9 fluctuations, booms and busts's demand and then there's a bust and suddenly people are late off in large numbers. everybody should look at this very carefully. there are lots of resources on the web. people should pay attention to the career paths. >> all right. michael title baum, program director for the sloan foundation. thank you for dropping by. appreciate it. >> my pleasure. stocks are looking pretty good now. we'll tell you why second half of 2010 should have you paying very close attention to the market. with cialis for daily use... a clinically proven, low-dose tablet for erectile dysfunction you take every day so you can be ready anytime the moment is right. tell your doctor about your medical condition and all medications and ask if you're healthy enough for sexual activity. don't take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure.
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called 2009 the year of recovery for its investors. the dow, the stock market, incredible comeback. the question we all have, how long will that last? bring in doug flint, a certified financial planner, a gnd friend of our show. good to see you. >> good to see you. >> answer our question. how long will that last? >> well, it will definitely last a couple months, probably half a year this year and the primary reason because everything is in place that was in place from the end of '09. the stimulus money, government
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buying the mortgage-backed bonds. spent $1.25 trillion on that. that's going to start to end. they're going to stop buying those. the fed's going have to raise rates and you'll hear that in their speaking when they stop mentioning that they're going to keep rates low for an extended period of time. >> right. we know when we talk about portfolios we have to know what a portfolio looks like. i like to tell people to go to the one you and i designed, cnnmoney.com/ali and ask a few questions. >> a portfolio named after you. >> a portfolio named after me. ask a few questions, it spits out a pie chart of what you have bp there are a number of categories. the large ones bonds, stocks and all tifrs. >> exactly. this whole thing we're talking about today is not getting away from the allocation. that's important. but with each piece, you could same thing did you in '09 you will do into 2010 and '1 1. >> and you may have one-third in stock and one-third in
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alternative. unless your needs changed you don't need to change your allocation, but with bonds, with bonds what should you do now in 2010? >> okay. everybody here hears when interest rates go up bonds aren't the place to be. aren't bands bad is a question i get a lot. we're talking about treasury bonds do not do well. what we're talking about. look into your portfolio. i know i need bonds, but do i have the right kind? the kind that do well in a rising environment, not. hedge then, you want hedged ones. important, because you don't want them to be sensitive to currency and floating rate bonds. those do exceptionally well in a rising rate environment. if we're going into that we all agree, look at the bond pot folio, doesn't have to be changed in percentage. look what you're doing with the bondstake profits off all the bond and stock market you've made this year. >> cyclical, time to think
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large-cap growth, u.s. and dividends -- cut dividends. this is -- s&p isn't as dividend rich as it used to be in defensive stock. >> break down the s&p to high quality stocks, average quality and low quality, look at the run we just had, the high quality stocks have actually been seer toe negative return. the low quality stocks have gone up over 100%. put it all together, you get the numbers you get, but when you look deeper you say it's the higher quality ones that have not participated. everybody chased the low quality, because that's what people do after they lose money. try make it back quick. as we cycle over to higher quality, this is the time. if you invest add year ago, sometime this year you'll cross over 12 months. long-term capital gain. we're looking to take profits middle of the year. listen for the fed when they're going to start to raise rates and the start cycling over to high quality dividend, more u.s. based. dollar going up is not necessarily as good for the international markets. >> finally, talk about
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alternatives. some people have had gold. some people have commodities in there. you're saying commodities on quite a run for quite some time. you're saying, do something else for your alternative part of this. go into long-short. one industry against another. one company against another, or market neutral. mutual funds you're talking about? >> they are. in all cases people love commodities. it not there, still chasing them. we believe they'll continue to do well in the 2009 environment. as that wanes and the dollar rises, gold, all of these other commodities in your alternative space are not going to give you the same kind of growth that you had in 2010. >> always good to have you here, doug pap question that's commonly asked of us. what's going to happen to the market in 2010? when christine and are are actually able to answer that question, we're going to be doing this show from our yacht. >> hmm. our yacht that's right outside of our big private island. half is his. half mine. your state may be struggling financially, but most politicians won't even speak of
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we are back with pat kiernan, anchor of "new york 1 news "and d.l. hughley, radio show host and comedian looshgsing behind the headlines with professor she vi now. >> we all know a falters economy and high unemployment affects our wallets also your states' wallets. just like you and me they have to balance the money coming in with the money going out. in planning for fas cal year 2010, 28 states faced fas cal risks. more money going out than coming in. states' revenue from income tax decreases, fewer working, fewer taxes paid.
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states need to find other ways to get your money. some don't have income tax. fees on things you use. look how some states are deal wig these budget gaps right now. give you some examples. start with idaho. idaho hopes to rake in $30 million in revenue from drivers. they cut a 2.5 cent per gallon tax exemption for biodiesel nap tax exemption is gone. 2.5 cents a gallon. added fees for driver's license, vehicle transfer titles copies records and replacing registration stickers. the kind of thing that hurts everybody, because everybody drives bought consumption tax. so it hurts people disproportionately at the low income, because whether you earn $30,000 or $300,000, you still have to get a license for your car and you have to drive. florida, adding a $1 surcharge to a tax on cigarettes. the state also added a surcharge on other tobacco products of about 60% of whole sale costs. estimates say that could raise $1 billion in tax revenue. let's look at maine now.
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maine has done a number of things. expanding its sales tax to cover amusement parks. how can you be so mean? charging tax on amusement parks? sporting events. services like auto repair. getting your car repaired is already a ding and then they're charging you tax on top of that. get this. dry cleaning. new hampshire. what new hampshire is doing. increasing certain taxes as well. new hampshire increased taxes on hotels and meal. sorry. lost that. back to new hampshire. on hotels and meals. a 10% tax on gambling winnings. i suppose that's okay, once you've won the money you're not that attached to it just yet. that could add up to $40 million per year for new hampshire. look what new york state is doing. increased fees on hunting and fishing licenses. imposing a horse racing entrance fee. suppose that's okay opinion and you'll be charged now a fee of $50 if you pay your taxes way bad check. by the way that will react -- you'll see that in your bank statement as well.
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obviously, writing bad cheng checks, banks take a great opportunity to take more money from you. what do you think of this way of handles these shortfalls. >> just don't call it a tax increase. >> we're thinking of legalizing marijuana where i live. this is with governor woody harrelson. obviously people have to do things that they just traditionally wouldn't do, and i think that now -- the services that people need and have to have, there are all of these budget shortfalls. i just don't know where they'll get them from. it's unfortunate that people that don't have money, it's robbing from the poor to give to the poor. >> parking at the stay parks cost you more to go to a public pool. go to the park. family picnic. cost another buck -- >> if you live in new york, you should pay more. all of these big restaurants, you're going deer hunting. okay? >> you mentioned change in gas tax pap story out of texas this week. they are creating a new study
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there, other state as well, the idea of replacing the gas tax way pay per mile formula. which is interesting, because they're basically saying that the gas tax isn't raising as much revenue as it should, and is there a better way to do that? because the gas tax has always been you're essentially charging people for the amount they're driving on the roads. stit getting more hybrid cars in the mix and people weren't buying as much gas. >> people who become nor cost and fuel efficient in their behavior are paying less tax. >> still driving on the road. >> still driving the same amount. >> i don't know if that's the motivation behind the movement. looking to do things like checo domter when you renew inspection. every year. not an easy thing politically, though, because people who drive the most miles in the coveted rural areas. >> right-leaning britain said drunks admitted to the hospital should pay a fee of 532 pounds, about $845. reuters reported it cost the
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state national fund health service providing free health care there $2.7 -- 2.7 pounds a year. quite a collective hangover. one taxpayers are paying for. brings up an interesting point. when it comes to health care costs a premium for reckless behavior? >> as extended to wreck lis eating. you know? some people say, you should be charged extra if you're eating habits cause you to have certainly illnesses opinion i don't know where the line is but i think there's a line and people should pay for wreck lds behavior. >> unenforceable. if you had two glasses you're okay. we'll pay for it. if you had six? >> two glasses of wine, you don't end up in the e.r. >> are you blowing the breathalyzer on the way into the hospital? >> if you're so drunk you go to the hospital, it's pretty clear you're so drunk. >> maybe when the airlines were thinking of charges people obese, lapsed into an extra seat -- that's discrimination. you're a woman, i'm black, can't control those things opinion you can control.
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every says that's discrimination and nobody wants the person sitting next to them. we all say a prayer, hope they move on. there are certain things that honestly we pay for as a society. >> as a society. a lot of people don't let you smoke anymore, because people are dying of second-hand smoke. there were so many illnesses associated with that. drunk driving. it used to be 20 years ago, it wasn't the stigma it is now. there are habits that affect us as a society that probably would two things, one, limit our exposure to them and, two, make them so expensive that they may be not as attractive. >> where do you think the line is drawn? you think this is unenforceable. >> i am not saying it wouldn't be a good idea to put some accountability on the person. it would be impossible to implement. >> even if you are not hit by hunting or fishing fees, there is one fee headed straight for your living room. we'll tell you what it is.
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is it going to survive the great recession? here is a look at how the store is keeping business going in this week's turn around. >> bob long has been serving customers at his new york mattress store for 46 years, just like his father and his grandfather, who started the store in 1911. long's bedding has seen a lot in 98 years but long couldn't foresee this recession. >> i would say this has been the worst, yes, absolutely, the worst i have seen business since i have been here in 46 years. >> long's company didn't carry any major debt and was in pretty good shape financially. sales fell 20%. that meant he had to take steps to help turn around the business. first stop, cutting costs, like the yellow page ads the store has taken out for decades. >> i found over the last couple of years that people are going more towards the web and not using the yellow pages.
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i have been paying a fortune for a full-page ad in the yellow book. >> reporter: now, long's wife judy maintains the businesses website at a much lower cost. >> we have also changed our lineup of bedding over the last year, six months to a year, where we have brought more reasonable priced bedding to the store which is what's selling now, the mid to high priced bedding is not selling all that well. >> reporter: he says one thing he won't change that sets his business apart from the big chain competitors. >> service. we service our customers. somebody has a problem with a bed, we, ourselves, go up first. >> reporter: that's why, despite lower sales, he says, he has refused to lay off his delivery men including one that has been with the company for two decades. >> i have gotten countless calls from customers, thanking me, not fort product but for the men that made the delivery. >> reporter: long says with the combination of great service and a few smart steps, his business
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will be around for future generations like his daughter, terry, who has already worked here for 12 years. >> "the turn around 2010," brought to you by intuit quick books. i needed more customers, so i got my nephew to build a website. i hired someone to make my website... five months ago. we are building a website by ourselves. announcer: there's an easier way. create your own small-business site with intuit websites. just choose a style that fits your business and customize, publish and get found in three easy steps. sweet. all from just $4.99 a month, get a 30-day free trial at intuit.com.
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your cable costs are on the rise, no end in site. digital cable customers pay an average of $75 a month. i pay more than that. >> i watch "jersey shore" a lot. >> being charged by the episode. >> i love the show. >> everybody tells me not to say that on tv. >> you do not watch "jersey shore". >> i watch every part of it, over and over again. carry on. >> do you know how short snooky is? >> the reason i watch it, i feel like i'm the situation. if i were to show you my abs,
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which i'm not going to do. >> $75 a month. >> ali, "jersey shore." >> and this is the guy i would trust with money. >> so you take the $75 that you spend on average, factor in the average annual price hike of 5% and five years down the road, the average person could be paying $95 a month for tv. are people going to pay this much more so many channels they don't need? why can't you just pat way for what you watch? >> pat, you are close to the cable business. >> i work for the cable company too. >> i think cable is great. >> look, the a la carte thing becomes more of an issue. this whole debate about broadcast tv, it's a very difficult argument to are a news corp and others to say, something that we are giving away for free over here, we are
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going to charge you for over here. it may accelerate the end of broadcast tv. >> interesting. somehow, my cable company will still end up paying me and charging me more. >> this whole cable dispute that time warner had with fox, they were both taking ads telling me that my cable will go up. >> i felt like saying, my cable costs have gone up every year. now, you take out an ad. >> i remember when you used to plug your tv in and it would work. i've been a lumbar jack so long. i think in the worst economy that anyone has ever known, people will find a way to justify trying to take a profit. i think the consumer, they have always found a way to do it and that they acclimated us to it. that people are kind of accepted. that that's kind of -- accepted that that's what happened. >> people are going to pay for the entertainment.
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>> where it ends up, people have to pay for the entertainment. >> we have heard a lot of talk about where it has happened. espn gets a dollar or more per subscriber. people start opting out of espn because they never watch it. >> i do these bundle things and call up and think, oh, my, god, i call up and say, how can i get this lower? because of the bundles that make sense. >> they know that. they have actuaries who are figuring out how to make it so that you -- >> want "jersey shore." >> i'm paying for your "jersey shore." >> that's the situation. all right. pat and d.l., thanks for being here. you can catch d.l.'s comedy show on sunday at "caroline's" on broadway. if you are on twitter, you can subscribe or follow pat's papers. he gives you the headlines without having to read the news,
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