watching him for 20 years, and i've never seen him give up before. he's always been someone who fought at all costs. to see him give up, it's a stunning moment, a calculated move. you know, test a taxable guy, and this was the least worst option. this was better than the alternative. san san he said he stopped fighting charges because it was hard on the family and causing stress. at the end of the day, the question is going to be, i'll go to the brick on this, what is this meaning for the endorsement deals? we heard from nike, and they want to keep him. this is his bread and butter. >> well, it's not good for his endorsement deals, but it's not going to be wiped out. lance is no longer a cyclist. he's a motivational speaker. he's a cancer survivor. he can walk into any banquet not introduced as the seven time winner of the tour de france, but a cancer survivor running a tremendous foundation that saves

lives. clearly, his reputation is wiped out as a cyclist, but has to be healthy. he's a cancer survivor. financially, he didn't want to go down this road anymore, and he has to wake up every day cancer free. he cannot have stress on his shoulders every day meeting with his attorneys and his legal team to clear his name. this is old news. america loves a comeback. in the next six months to a year, it is critical that he keeps his nose clean, lays low, and that as this goes away, his big endorsement deals stay with him. sandra: how much does he make from the endorsement deals right now? >> makes tens of millions of dollars for the foundation and other numbers go up and down from equity stakes in nutritional companies and drinks. nobody knows how much he makes, but a lot of the money he makes from speaking engagements and livestrong, he puts it back into

the foundation. he's going to travel the world and try to save lives and keep pumping dollars into livestrong. he already went to a high profile divorce losing a lot of money. his pam earning years behind him, but he can raise money for the foundation. sandra: peter for this, it brings up the bigger question. lance armstrong is arguably the one who drew this attention to the world of cycling. i mean, knot everybody, especially in america, watched cycling before lance came around. it makes you wonder how pref leapt doping is in the sport. >> bigger in armstrong's era than today. you can see by the times athletes compete and race at, and the technology is better, they are still slower. fewer people seem to be having performances that seem suspicious. when he rode, everybody was doping. those who inherited yellow jerseys have been imicted of doping or --

convicted of doping or made settlements in the investigations. it was a time everyone was doing it. it is cleaner today. sandra: stop fighting the charges, does it change the sport today? >> no, i think the sport already changed. his legacy that transcends the sport is molded as we speak. you know, i think he still goes down in history as the greatest bike racers of all time. sandra: brick, when we look at the overall world of cycling compared to other sports out there, do we see the sports world lose interest in cycling if we think they are all doping like lance? is that the case right now? >> little to know people in this country care about cycling. i'll tell you this much. we talked about this being a calculated timing pr move. it was perfect. last week on the radio, all i talked about was melky, colon, major league baseball players

who fail drug tests. this goes away because sports fans in this country don't care about competitive cycling the way they do with the nfl, major league baseball, but lance armstrong has got to be careful here because he's a high profile celebrity. he loves to live in the world of celebrity, and as long as he can get out there and walk the red carpet and tell everybody, look, everybody in the eye saying i never failed a drug test, i'm innocent, he's going to continue to do that. he's sticking by his story. sandra: last word to peter here. will he go down as the best cycling of all time? >> yeah, speaking on behalf of the millions of readers who care, he's the greatest cyclist of his generation. there's a cloud over him, but he's the greatest bike racer i ever saw. sandra: thank you, guys. the brick and peter, thank you. >> thank you. sandra: how to spend a hundred billion dollars. u.n. moves to dole out huge sums of cash to combat climate change.

u.s. taxpayers foot the bill, but may not see a return. that's next. conventional wisdom, and why millions of americans pay off financial debt the most ineffective way possible. more "money" coming up. ♪

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>> the u.n. sets up the green climate fund pledging $100 billion in tackling climate where is the money coming from and what projects is it going to? here with the latest is katherine from the brookings institute. katherine, thank you for joining us. >> thank you, sandra.

sandra: where is the $100 billion coming from? >> i hate to say it's a hundred billion dollar question, but there it is. in copenhagen three years ago, a deal was struck, developing countries would voluntarily come guard with plans and projects to reduce their carbon footprint, and the united states, europe, canada, and the like pledged $100 million to pay for it. in mexico, the idea of putting together a fund to help channel some of the money was put forward, and it was agreed in durbin last year. this week, parties, people from the developing world and developed world come together to say how the funds work. they put aside the question of where the money is going to come from. they are talking about the mechanics of how to use the money. sandra: really has not -- not much decided here. they have not decided where they will be headquartered, how to run it, how to operate and actually delegate funds. there's not a lot to be known here, but how much could the

u.s. actually be on the hook here, do you think? >> well, there's, i think, going back to the first comment, i think there is something that we know because there's other examples of use of public funds to do things like invest in bus transit in mexico, to do wind programs in south africa and the like. we know how the use the funds in good ways. now, what's the u.s. tab going to be? unclear. there was an earlier pledge of $30 billion over three year period also made in copenhagen, and the u.s. put $1.7 billion on the table for that funneled. what they hope is the 1.7 leverages one to four dollars in the private sector funds or other funds from the world bank. a relatively modest amount. sounds big, but modest in the world of climate finance. sandra: katherine, i'm wondering, have they put together the most critical way

to use the dollars before they go collect billions of dollars from the countries? >> well, i think that's what the donors and the contributors look for. they will be looking for really solid programs coming from developed countries saying how will you use the money? what reductions in the greenhouse gas emissions do you achieve from that as cost effective, how does innovation play in it, and how does it make the country resill yept? if you answer those questions, there's an appetite to put money in the fund. if they don't, may be more difficult. sandra: thank you for joining us. >> thank you. sandra: paying off your biggest debts first sounds like a financially responsible move, but research says it's not further from the truth. the author behind the ground breaking study has the details next. at the end of the day, it's all about "money." ♪

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sandra: breaking news. we have word now from the "the wall street journal" that a verdict was reached in the apple-samsung lawsuit with patents regarding technology in

the gadgets, but a jury told the court they reached a verdict. that's all we have at this time. we'll update you as we have it. well, the average u.s. consumer has almost $5,000 of credit card debt, debt right now. if you're one of those people, you probably make payments on the highest ones with the interest rate, but a new study by the journal of the marketing research says consumers should do the opposite. here to explain is the co-author of the study. thank you for joining us, david. >> thank you, sandra. sandra: explain that. it's contrary to what we think. higher interest, the higher debt, pay that first, but you say tackle the smaller loan? >> that's right. there's been two main strategies that people suggested for paying off debt. the first one, that you mentioned, pay off the higher interest balance first advocated by the u.s. government, most financial advisers add advocate

that. on the other hand, there's a few financial gurus, people like dave ramsey says, you know, the math suggests it's rational to pay off largest balances first, but the psychology says small balances first to get motivated to get out of debt. sandra: what if i'm one of those people who just want to look at the numbers and see that, hey, i'm saving myself money, but rather than somebody who needs the motivation to continue. is this for everyone? >> right, it's not for everyone. if you are a self-disciplined person, like, you know you're going to do the rational thing, pay off the balance first and be motivated, it's not for you. for most people, we are human, we have psychological factors that influence us. we are not machines, and so for these people, getting motivated and staying motivated is important for getting out of debt. paying off small balances help them get out of debt according to what we found. sandra: okay, talk about the broader economy.

okay, you might be a banker hearing this saying, oh, my gosh, could you imagine what that does to the economy if they let large interest rate loans sit outstanding tackling little debts. that could be problematic. >> well, in some ways it could be problematic. there's a tradeoff. on the other hand, it could be problematic if people tackle the higher balances first and ultimately just give up and don't stay motivated and stop making payments. you are accumulating extra interest paying off smaller balances first, but you are motivated and likely to get out of debt which is what we found. people who pay small balances first were more likely to get out ofdebt. sandra: david ramsey's school of thinking is not get into debt in the first place. >> that's the idea, of course. sandra: thank you for joining us. >> pleasure, thank you. sandra: nude and loathing in las vegas. how the city of sin plans to

cash in on the princes naked rump. details next. you can never have too much "money." ♪ (birds chirping)

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♪ sandr a: we are joined by the

fox business' own adam, and we learned this week what happens in vegas does not always stay in vegas. somebody partying with harry posted cheeky photos of him in the nude ending up on the cover of tabloids worldwide, and now the las las vegas tour has a new campaign to put the offender to shame. they are encouraging visitors to report people who post embarrassing pictures on facebook. does this make you more or less inclined to go to vegas, adam? >> i think you go to vegas if you're an adult for a couple reasons. one is to gamble. sandra: that's all that's done in vegas; right? >> no. if you're not a gambler, you go for other things you hope don't end up on the internet. the vegas tourism board doing this draws attention to things they probably would better just leave it be. sandra: more people go to vegas now that this happened like, oh, i can have that fun?

>> well, the funny thing is vegas needs to give up what happens in vegas stays in vegas. what happens in vegas never stays in vegas. secondly, i'm surprised this is the first time pictures of prince harry have shown up naked because he loves the libations, and so i would think that you would have had this happen before, and so i'm surprised that it's just happening for him. sandra: poor prince harry. >> you know why it happened? the security detail takes the cell phones of people he's with, and so maybe the lesson here is if you're a celebrity or in the public view, what happens in vegas doesn't stay in vegas. sandra: copy that. next stop, a norweigan art gallery lost a rembrant etching they bought because they were trying to save money on delivery and insurance. cheapskates.

this was shipped by snail mail, and when they picked it up, it was nowhere to be found. it's said to be worth up to $8600. does it ever pay to save money in situations like this? >> remind he of what my dad says, don't be a penny wise in a town foolish. it's so important, worth the money, spend the money, raise money to pay for it. do something. crazy. >> they should have taken out the insurance. i'm thinking about the cheap, for free retouching of the picture in spain. sandra: right, right, exactly. >> not a good week for the art world. sandra: "the thomas crown affair," and says, see this gets to the new york police. really? you think it makes it there? amazing how dumb thieves can be. two robbers were in masks as new york city detectives to steal nearly $200 thousands from a

check cashing facility. they were so happy with the disguises they sent a thank you note to the company that actually help the cops nail them. it worked so well, they were in white masks, but they were actually black men. should they sell the masks to the public? >> sure. if they are convicted, they should get time off for good behavior. get? no one writes thank you notes. >> i love handwritten thank you notes. in this case. really? you were that the thing you wrote a thank you note. stupid on flightplan. >> that's right. >> mothers would be so proud iran there is a new study out that they the people who talk on their phones while driving are

already unsafe drivers great they are just as likely to crash as they are without it. cell phone users drove more fast and had more rapid acceleration compared to those who rarely talk on their cell phones and drive. you guys ever talk to yourself on a drive? >> no comment, no comment. >> no, no, i will talk on a cell phone and mostly i try to do it the bluetooth device. >> do you know what i do know? the blackberry, not so good in new york city. i put my phone and backseats i'm not tempted to look at it. >> i would never do that. i do it sometimes myself, too. but i drive slower when i'm using my cell phone. people are worked up and they are on the storm's. gerri: i have to leave it there. adam shapiro, and thank you so

much. keeping in touch. >> social media, are you one of those that just has to tell your friends what you're eating for breakfast? documenting the smallest details in your life? it all must come to an end some day. after all, you can send messages from the grave until now. yes, there is an application for that. facebook now has an application called if i die, or you can send private messages and even e-mails to friends and loved ones sent after you have passed away. i know people who died suddenly would like to have the chance to say those things that they always meant to say to somebody that they love. but personally, i think it is creepy. the next day you get an e-mail from them the day after they pass away. there is a reason why we spent a finite time on earth. death is one of the mysteries of life. i thought it wouldgr