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tv   MONEY With Melissa Francis  FOX Business  October 11, 2012 12:00am-1:00am EDT

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that will come up tomorrow with the debate what about the democrats state of affairs when it hangs on joe biden to turn things around? we have sarah palin, herman cain stopping by pro the stuff that dave was worried about? the ticking bomb? we're live this weekend outside of the united states capitol. >> "money" with melissa francis is next. melissa: i'm melissa francis and here's what's money tonight. the u.s. tightens the noose around iran. a slate of new sanctions aiming for the heart of iran's oil industry. will they fuel even more chaos for the regime? drilling for energy in a volcano. it's a brand new technique called hydrosheering which could give fracking a run for its money. the head of the company behind it is here exclusively to break it all down. restaurant chains move more workers to part time to avoid health choir reform costs. i will talk to the vice
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president of white cools sell whether more businesses will follow. it is another fox business exclusive. even when they say it's not it is always about money. the melissa: first take a look at the day's market headlines. s&p downgrading spain's credit rating by two notches. that happened moments ago. om bbb plus to bbb minus. the ratings agency citing significant risk to economic growth and budget terri performance for the downgrade. i would say. cut in forecast for global aluminum demand by alcoa and earnings warning by chevron helped bring down the major indis. the dow fell 128 points. wal-mart shares posting solid gains. the retail giant is testing out same day shipping to better compete with amazon. wal-mart is accelerating growth of small stores in
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urban centers. to our top story. president obama signed an executive order implementing a new round of sank ounce is on iran, making it even tougher for the rogue state to sell their oil resources in the global market. on top of that reports of rising tensions between iran's president ahmadinejad and the country's supreme leader ayatollah khomeni. joining me simon henderson, director of the gulf and energy policy at the washington institute for near east policy. thanks so much for joining us. let me get your reaction. what do you think of these new sanctions? >> will they help? will they do the business? probably not. we need more than that and it's, as you probably realize, or no already, there's an argument which is that sanctions aren't going to do the business anyway. they won't change the mind of tehran on its nuclear program. melissa: yeah, let's start with the new sanctions first, kind of what they are.
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they're supposed to close the existing loopholes in the sanctions. another thing they do is add penalties for companies who aid iran's business sector. sounds like things we should have been doing anyway. >> yeah, but you can always think of other little niches that yoou've got to cut off and this is what they're doing. if, i was cynical of course i'm not very cynical, i would say that the obama administration is taking opportunity to do something else whi might explain why they haven't done it in the past or giving fanfare to it now. sanctions haven't done much. seemed to slow up the nuclear program, what do you think? >> well, the nuclear program hasn't been successful as yet, but, it would seem to me that the reason why it hasn't been successful is that there have been technical problems rather than any deliberate slowness
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to it. and it is just taken the iranians time to overcome these technical problems. melissa: in the meantime we've been reporting on the hyperinflation that's going on in iran. you know we have seen pictures and video on the internet of people rebelling against this and really struggling. you think this is a result of the sanctions? do you think it is having any sort of impact on the government? >> that's two questions. it is partly the result of the sanctions. iran's economy is being squeezed. can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some
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rather pertinent queions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. doou believe that and how does that change the situation? >> it helps t situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job, not only in 2004 when he got it but in 2008 whenhe was reelected, since then the, there have been divisns
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between the twoen. ahmadinejad has tremendous resilience and doesn't appear to listen that much to ali khomeni but, ahmadinejad is coming to the end of his four-year term. that will expire in april or may next year. that will be the end of him. so the beg question is, who will become khomeni's anointed one in the elections that they will have next year. melissa: yeah. absolutely. a lot to watch there. simon, thanks for sting through it for us. >> thank you. melissa: now to the gas crisis we've been telling you about in california. drivers there finally seeing some relief at the pumps now that governor brown announced his dirty gas solution. refiners can start processing the cheaper and filthyer winter blend three weeks early. is this a permanent fix for sky-high gas prices in california or is it just a little bandaid? joining me scott cain, the vice president of west hills
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fuel and gasoline, a wholesaler. thanks for coming back on the show. tell me how things changed for you in the past 24 hours? >> well, they have settled down a little bit but as you said the winterized gas is just a bandaid on situation right now. i'm happy that more gas is being brought to the market but, we have bigger problems than just winterized gas at this point. melissa: like what? >> well, we've got an agi refinery network and myriad of fuel regulations that require these refiners to prode ever cleaner an cleaner fuel and it's just prone to failures as we've seen in the last week. prices went up 70 cents a gallon. now they have come back down 70 cents a gallon. the poor guy running a service station is trying to figure out what to do. melissa: you're a wholesaler. are you making money in this environment? >> well as tell my customers all the time my margins are the same whether gas is $2 a gallon or $5 a
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gallon. but a load of fuel is lot more expensive and costs a lot more money to finance my operation at this point in time. melissa: you're right in the middle of it. do you think the same thing is going to happen next summer? >> wel, what's funny you hear people use the phrase the perfect storm. melissa: right. >> the problem they have been using that phrase for the last year, three or four times. at what point do we move from perfect storm this is just business as usual and we can start looking for to be proactive instead of reactive? melissa: yeah, i saw a lot of people out there complaining on various news channels. they were so upset the price of gasoline is so high. it is eating what they would spend on other things. i wonder, did people in california sort of do this to themselves by these cleaner standas and do they even realize it? what do you think? >> i think we realize it now. simple economics tells us that as you try to do anything, more nd more like clean the air, the more and more you t to clean the
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air the ever more expensive it becomes and this is pure evidence of that. these refineries were built years and years ago and probably never envisioned the kind of fuels they were going to be producing and, you know, it is pro to failure. the chevron refinery in richmond had a tremendous fire. who knows when they're going to come back online. they produced about 10% of the state's supply. so it's a very fragile system at this point in time. melissa: maybe it is rth it. maybe this is what people in california want? the president's own energy secretary quoted many times the price of gasoline to skyrocket for people to use alternative fuels. maybe this is what californians want. last comment, what do you think? >> certain californians i'm sure would like to see gas at $5 a gallon. i know my customers, hard-working farmers of the central san joaquin valley hate to see this especially right during their harvest time s that's not good. melissa: yeah.
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thanks for coming on the show. we appreciate your time. >> thankou. melissa: we told you about a rash of cyberttacks on u.s. banks this week. capital one and suntrust the latest victims by a muslim exemist group claiming responsibility for those attacks. plus one they're planning tomorrow against regions financial. suntrust reported increased online traffic today and a few intermittent service availability issues but refusing to comment further. joining me to discuss cybersecurity and risk analyst colonel cedric layton. thanks for joining us. >> melissa, a pleasure to be with you. melissa: what do you think about the attacks? what is the danker? my consumers at home feel i didn't see my service interrupted and didn't lose any money. is there potential danger. >> these are denial of service attacks and pretty mple. they go out and try to overwhelm the system with a lot of traffic. but if they srt minimum making behaviors of online behaviors of actual
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depositers then watch out. at that particular point in time you will get people who are going to see their bank accounts compromised. you will start seeing things that will happen in a way that we haven't seen yet. these attacks are not quite to that level yet but there is another wve of attacks that could be coming where russian group has talked about attacking 30 u.s. banks and they will use a botnet type system and go in and actually take over computer systems and go from there and actually use people's computers. any, even if you don't know that they're using that, they can --. melissa: they're in there doing it. sometimes i wonder, the banks are saying it is no big deal. it slowed the networks down but didn't do much more. are we confident that is really the case? maybe they're just trying to make us feel better about the fact that there are muslim extremists in my bank account? >> that is part of the problem because not only can peopleo in and do deni of service attacks but what they also can do is go in antake your information, go in and access the
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information. you wi not know for a month ore more that they have actually accessed your information. they can sit resident on your web servers and a bank's web servers and actually monitor the traffic, see how much is going in and out and what is typical traffic in terms of amounts and things like that. that makes it very, very rd for banksto detect it and very important for banks security i.t. professionals to be on the lookout for these kinds of attacks. melissa: what is the next industry you think would be targeted? obvious why they would go after the financial industry but who else do you think is likely target? >> any element of critical infrasucture including the electric power system which already has been attacked. you have water treatment facilities. you have municalities. you have the energy sector whh has been attacked some elements looking at variety of things like oil exploration data, intellectual property, anything that has intellectual property or can destroy a significant sector of the u.s. economy, that could be at risk.
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melissa: really ary stuff. thanks for coming on. we appreciate it. >> my pleasure, melissa. melissa: jamie dimon hits back over the government's new lawsuit against jpmorgan. is the megabank being unfairly prosecuted? former fdic sheila bair joins us with reaction coming up next. plus the next% breakthrough in energy tapping into one of the country's ggest volcanoes to generate power. the head of the company behind the project will join us in a fox business exclusive. more "money" coming up, don't go away. ♪ .
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♪ . melissa: jpmorgan's ceo jamie dimon turns the tables ann goes on the offense today in washington, d.c. at the council on foreign relations. dimon said his company lost up to $10 billion as a result of the government asking him to buy the teetering wall street rm, bear stearns, during the financial crisis. take a listen. >> when you want to come after us down the road for some of the bear stearns did that jp was asked to do this by the federal government. we were able to show about the economic financial effects of bear stearns.
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i cost 5 to $10 billion on bear stearns now, putit in the unfair category? hey, i'm a big boy. i will survive. melissa: with me, sheila bair former chairman of the fdic during the financial meltdown, author of the new book, bull by horns. thanks for joining me tonight. wh do you think he said about that, put me in the unfair category. >> right. i think thi is he has a point. this is anonother legacy of the bailout. this was done in spring of 2008. according to published reports, they asked them to acquire bear stearns with assistance provided by the new york fed. i don't know what the terms of that transaction were but apparently didn't address the issu of jpmorgan chase was buying all liabilities including fraud, potential fraud claims that had accrued to bear stearns. another reason why you need a standardized process bailing institution. if you put them into
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bankruptcy or put them into the fdic process which essentially is a bankruptcy process generally when other entities bid on these failed institutions, they don't acquire the fraud. the fraud stays in the receiverip, whether it is bankruptcy or the fdic. melissa: was there time for that in this instance? that is always the argument? >> we were not in a crisis in spring of 2008 when this transaction was arranged. again i don't know why but it was ad hoc. melissa: it was on the eve of the crisis though. this was part of what got the ball rolling. >> not really. melisss: you don't think so? >> there are disagreements about that. i have never seen a convincing analysis that the bear stearns bailout was necessar i think the new york fed needs to do a better job explaining why in the spring of 2008 when the system was not that unstable yet, that they had to do this assistive transaction but he is right. they reached out to him and asked him to do it. i don't know how the documents rerafted and
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apparently did not proct jpmorgan chase against potential a al liability for fraud by bear stearns. if you have a bankruptcy process, general rule is acquire doesn't take on the financial liabilities. doesn't sound like that was done here. i think that is unfortunate. underscores the reason why we don't want to do ad hoc bailouts. need a standardized process. people need to know what they're undertaking. >> do you think it is wrong or petty for the new york attorney general to go after morgan now. >> he enforces the law. if bear stearns committed fraud, that needs, he pursues that. whoever currently owns bear stearns will be on the other end of that enforcement action. i have said generally that i do think enforcement should pu more focus on suing individuals imposing individual accountability, going after personal assets putting people in jail where appropriate. i know those cases are harder to prove but think from the standpoint of
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discouraging future risk-taking punishing this havior and making sure it doesn't happen again, if you impose persona accountability you will get a lot more bang f the enforcement buck. if you take action against the corporation, the corporation will pay for it, the individual doesn't. melissa: you said to lou bbs we propped up banks instead of fixing the financial system. what do you mean by that. >> i think in 2009 we did have a stable financial system and that we could have, very sick institutions like citi should have been restructured. all banks should have been required to shed their bed assets, clean up their balance sheets. that would put them in a better position to lend into the real economy. banks that have a lotf bad assets on their books, they don't do a lot of new lending. they sit around and nurse the balance sheet. because have all the toxic legacy assets they haveto worry about dealin with overtime. getting banks to clean up their balance sheet and restructuring or closing the
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really sick ones in my view is much better approach and i think historically this has been proven, when you go ahead and take the losses early, downsize the sector, clean it up, it is in a better position to lend into the real economy. melissa: sheila, we're almost out of time. i can't let you go without reacting to the cyber attacks we're seeing on banks right now. as someone who was chaarwomanf the fdic do you think it is something we should be concerned about? >> i do. good to remember there are other issues beside the financial crisis as important as those are, i wish we could get the reforms done because i worry the way dodd-fra has been dragging on regulators just getting thoserules done other issues don't get the attention to need to receive. this is clearly something very important to the stability of our system and to consumers and the integrity of their financial information and protection of their bank accounts. so i think, this is very troubling these reports. i hope bank managers should be very focused on this and bank regulators should be
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very focused on this. this is a very near term risk that people need to really be very focused on. melissa: she will last, the book is tremendous. i wish we had more time. i hope you come back on the show. >> happy to. thanks for having me. melissa: watch out fracking. here comes hydrosheering. the head of the country tapping energy from one of the country's largest volcanoes joins us exclusively coming up next. one of the biggest restaurant chains moves workers to part time just to avoid costs from health care reform. more may be right behind it. do you ever have too much money? ♪ .
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♪ . melissa: so a new drilling process is creati a ton of buzz and it might offer an alternative to fracking. it is called hydrosheering and you're looking at an
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animation rit now of it. the catch is, it is being tested underneath the newbury volume kind know in oregon. get this it is about 10 times the area of mount st. hell lens. the big question is could the drilling cause it to erupt? with me to discuss the risk and rewards is president of the company. start with how the technology works. my understaing is basically you're pouring cold water over very hot rock and it uld create steam which you then could turn into electricity. is that about right? >> that's about right but let's get up to about the 50,000 level and start with why we're doing this. melissa: okay. >> everywhere you go the deeper you go the hotter it gets. and there's some places like newberry, get hot irfaster than others and some places where natural faults and fractures bring that hot water up right close to the
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surface so we can drill into it, use it, make a power plant or heat green houses or whatever we want to do, but, that is where you find it. so what we're trying to do with our technology is go in places where there is hot rock but no natural circulating geothermal system. what we're trying to do is make a naturally, make, an artificial circulating geothermal system. so, but --. melissa: what people are worried about of course you're screwing around with a volcano. is there any chance that you're going to trigger a volanic eruption? >> you know, i got to tell you, there are dozens of geothermal power plants on or in volume cain knows and they -- voanoes and they have not causedany volanic eruptions. there are plants on volcanoes in indonesia, philippines.
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and no volanic activity were caused by. we have done simulations where we make fractures in indonesia, with no bad consequences. in fact very, very good consequences. there have been three previous projects on or in volcanoes that use the predecessor to the process we're using at newberry. one in japan and then we were using the original rock project which was a much bigger volcano. melissa: let me quote somebody who is a specialist in the area, benjamin pock, a geologist in the u.s. geological survey who said in an interview with oregon public broadcasting. that is a very high threat volcano that will erupt in the future. does that make you nervous at all? >> not really. newberry erupted 1300 years ago. right now it is very quiet.
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there is lot of monitoring going on. we've gotten pretty good detecting when magma is moving around in volcanoes. newberry is very quiet. nothing going on that anyone detected. melissa: something about this is very cool. it is not cheap. you' gotten me than $21 million or about half off3 your funding that has come from the department of energy. in the long run, how does this type of energy stack up against, you know, more conventional ways of creating electricity like natural gas or coal or whatever? >> okay. so, conventional geothermal is cheaper than new coal. of course much cleaner. and what we're doing, we hope to bring undo to the kinds of costs that conventional geothermal have. so this kind of process that we're working on, this demonstration project, is aimed at exactly that bringing that cost down. geothermal energy is very high up front capital cost but it has very, very low operating. of course the fuel's free.
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so once you get it going, it operates for very, very low cost. melissa: very interesting. susan petty, thanks very much for coming on. >> thank you. melissa: time now for today's energy report, breaking down the biggest headlines affecting the industry and their impact on the economy. first up, opec lowering global oil demand. estimates for the rest of the year, the cartel primarily blaming the slowing global economy for the cuts. opec warning that 2013 oil demand could come in well below forecasts as well. opec's outlook helped weigh down oil prices along with unexpected gain in crude supplies. crude fell more than 1% to settle at $91.25 a barrel. the interior department improving the application for new oil refinery in north dakota. the refinery would be the first constructed in the u.s. in decades. the facility would refine about 13,000 barrels of north dakota crude per day. a major oil find in the
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celtic sea is bringing high hopes to ireland. the offshore field could allow ireland to become self-sufficient in meeting its oil needs. the field is estimated to have 280 million barrels of recoveriable oil. melissa: one of the biggest restaurant chains in the country cutting employees to part time to avoid paying health care reform costs. will others follow suit? the president of white castle joins me exclusively coming up next. plus the sierra club's new anti-coal campaign showcases all the suffering it is causing because who wouldn't want an abundant affordable energy? obviously. we'll explain that coming up. piles of money and energy. ♪
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melissa: so will the health care law cost jobs because of the potential price or are companies across the country just trying to make a political point? example. darden restaurants which owns chains like olive garden and red lobster employs 180,000 people. well they're now testing a new pilot program cutting many workers down to part time so they can avoid paying health care costs. it begs the question is that really necessary orwhat does it mean for the companies and their employees? joining me for a fox business exclusive. white castle vice president, jamie richardson. the thanks for comi on the program. what do you think? do you think this is a smart business decision? do you think it is a political stunt? >> one of the things we found from the aordable care act for many in the strawn business, there is nothing much affordable so far. we're still waiting for regulations trying to understand the implications will be. seems like people in
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washington making well-intentioned decisions don't realize we make a dollar in sales we don't get to keep sales. we make important investments in people and food. those are the two biggest invests we make. so when we do that there are big costs and big invests. so as we looked at affordable care act and wonder what is coming next, people will find ways to cope with it and how to invest in their people in the best way. melissa: to me, i thought only two reactions restaurants coulhave. make allhe employees part time. that is bad for the economy. fewer people working in full-te jobs or just create fewer jobs. >> or they pass along the price to the consumers by raising the price of their goods and services also bad for the economy because we're at a time when people aren't out there buying that much stuff. do you think politicians don't understand basic economicses? >> one thing really interesting about it to note, they arbitrarily decided at the definition of full-time should be. forhite castle decades, 35
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hours a week is full time. the law stipulates it is 30 hours per week. right away there are fundamental shifts in terms how we've done business and how weave gone to market that really make it difficult. we compete against each other fiercely with our colleagues and our peers in the industry. this adds another layer of uncertainty as we try to copewhat happens next. melissa: what are you guys doing to deal with this? >> you know at white castle we're family owned. we just celebrated our 91st anniversary,our 91st birthday and for us we're trying to understand what it means. we've offered health care since 1924. right around the time calvin coolidge was president we came up with a health care plan because our founder believed in freedom from anxiety for the team members. we're fundamentally invested in. we understand the merits and how important it is but what is causes us too do is consider what comes next. as we look at our costs in 2014 as things begin to fully implemented our health
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care costs will increase 24%. as we look at that we are trying to understand how we best invest in our people and do what is best for them. melissa: you say you already had health care but doesn't change the number of people in your own business being covered but you think it will just increase the cost of suffering those same people? is it that your analysis? >> absolutely. there is a lot of different factors in the law, a lot of different mandates that start to raise the cost curves. there is lot inhe law that provides more coverage. there is not much in the law that we found that lowers cost. as werepare for that we're trying to understand, first andoremost what is best for our team members so we're investing back in them. but at the same time we're facing ctastrophic increases in costs not to mention all the other uncertainty. think about ethanol policy what that means with the, with mandates on ethanol oduction and what that translates to. more costs. commodity costs are rising as a result. we're using corn for fuel instead of food. that is just anothe dimension of one thing we're coping with.
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melissa: that is all really distressing. what are you doing right now? are you expanding, are you hiring or taking a wait-and-see attitude with your business. >> we're holding steady. we're investing in our people like we have from the get-go. for us it is trying to understand what the implications are going to be. so we would probably be going into new markets right now if itasn't for all the uncertainty when. we go to new market we open 15 to 20 restaurants. this is testimony we share with house oversight committee wld create 4 or 500 new jobs. we put that on hold because we don't know what our cost curves will look like. with the dollars we get we'll fortunate keep 2 cents, 3 cents, 4 cents. sometimes people in washington think the top line venue is our bottom line profit. unfortunately that is just not the case. melissa: jamie richardson, thanks so much for coming on the show. that was a lot of insight and i hope youill come back soon. >> crave on, my frie. melissa: here is the question of the day. are restaurants limiting worker hours due to health care reform really doing it out of financial necessity
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or do you think it is politically motivated. we want to hear what you think. like us on facebook.co facebook.com/melisfrancisfox follow me on twitter at melissaafrancis. oh the humanity. the sierra club launches a anti-coal campaign highlighting the horror stories within the industry because the whole windmill thing is work being o so well. we'll explain all of that coming up next. at the end of the day it is all about money. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ inta scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪
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melissa: talk about a war on coal? the sierra club launch as new website showing problems brought about by coal mining and coal-fired plants. you're looking at it now. they focus on communities in west virginia and michigan and nevada. i don't know about you, but i think a lot of good things have come from coal. with me mary katharine ham, editor-at-large of hotair.com and a fox news contributor. i watched the videos and they are tear jerkers. i mean they just make coal seem like the mostville news industry in the u.s. -- villain news.
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>> let'se clear sierra club wants us to abandon coal entirely. i don't want to discount anybody ace pain. it is certainly there. that's their intent and they're ignoring entire part of a these communities who have jobs, who have economic viability. who have homes. and things happen in their communities because coal is is there. it is the mother's milk of our entire economy and has been for many years as far as electricityty goes. things are changing these days. it is getting a little bit less. this is reason why united mine workers is sitting out this election. they're not endorsing obama even thoh they did in '08 because regulatory policies are taking down the number of coal jobs. it is actually hurting these communities in different ways but the sierra club is not noting. >> there are a lot of important facts here. together, all these plants in the u.s. that are fired by coal generate 40% of our electricity. this isn't something we can just turn out the lights to. we're always talking about energy independence. we are the saudi arabia of co. we have the largest
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recoverable reserves of coal anywhere in the world in this country. so to turn our back on this resource would really horrible our economy. what would that mean for jobs and suffering and people's health care? >> alpha natural resources a coal company, eliminated eight plants and 1200 jobs. the announcement came out in september partly because the epa's new mercury rules for coal plants. that has an impact on these communities and folks who are not going to have jobs. the united mine workers against estimates some of the new rules from the epa will cause some quarter of a million jobs to be at risk, not lost, but at risk. these are things these communities are concerned about as well. not just what the sierra club is concerned about. so there's a real cost benefit analysis here. a lot of people are hurting that the sierra club is ignoring. lissa: take almost any industry and do a film like this especially when it comes to energy. whatever the energy source is you can really document what the cost of it is. >> that is always the case.
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melissa: yeah. >> there are always downsides and up sides but we, in order toave an economy must have energy. in order to have the electric cars that the sierra club no doubt loves we must have coal and natural gas to fuel that electricity. so you can plug in and you can have your clean car. i remember couple years ago natural gas was supposed to be clean. now it is is working and successful price is so low we'll have a war on natural gas. mmssa: does this have impact when they put up videos online? or people who would watch it anyway who are anti-coal are watching it so they're still anti-coal? what do you think? >> i think pulling people's heart strings doing these stories can be effective. environmental groups can get extreme with world is ending kind of rhetoric. that is dangerous. when you tell a personal story that can make an impact. there are thousands of personal stories of people losing jobs. that is why esidential candidates are careful had in appalachia, ohio, virginia, west virgina to be
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careful about co policy. that is why folks have wwr on coal signs in front yard. you see them all over the place. they are scare what is coming. these guys are stepping carefully, these are real people, real voters with real concerns. melissa: that is big issue. thanks for coming on the show. they say sports and politics don't mix. one mitt romney suppter learned the lesson the hard way duringiants-reds baseball game. details coming up next. you can never have too much money. we'll be right back >
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melissa: it is timfor a little fun with spare change. we are joined with julie baginski and our own dennis kneale. thank you for coming on, guys. first up, this is the start of the giant game last night. it was delayed because the fan ii running across the field with the romney-ryan sign. i think they said something about a statement on a woman's right to choose, obviously, got people's attention. we are talking about it. i cat we people do things like this.
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what do you think? >> you know, any time th for cops brandishing pistols to matthew, i'm so glad we didn't have a mass shooting, more than a billion dollars being spent o presidential ads. >> i think about this guy, he was confused about romney's position on abortion. [laughter] melissa: and companies are using the election, not surprisingly, to try to make some dough, like pizza hut. which is offering free pizza for life to anyone who asks mitt romney and president obama they prefer pepperoni or sausage on their pizza. that is a 520-dollar gift card per year.
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>> you have michele obama beating barack obama up, and who knows about ann romney. [laughter] >> i think the answer to pepperoni or sausage is yes. but i really feel like pizza hut is taking a bill riskier. this is rather subversive. howard storm is having his fans call p others during this debate and if someone does something like that is is and says that stupithing, if you like pizza hut is laughing and nestly, this is no time for thought like us. >> this gimmick worked. in 1993, christie whitman was running for governor and howard stern said the first person to call me, she became governor for
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answering the oddball question. so it sometimes works. melissa: i can't believe that. i can't wait to see if somebo does that. all right, this is a great one if you want to save the environment and lose weight. according to obesity in america come in asserting fuel efficiency. obese americans contribute to more than 1 llion gallons of fuel wasted every single year. >> probably need a more fuel-efficient vehicle to offset their weight. >> this is so dumb. less than 1% ofthe total fuel use by passengers vehicles every year produs nothing. it's not even a story. melissa: it is ridiculous to me. consumers are the only ones unhappy with apple macs.
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it actually reveals military sites. they are now asking them to lower the resolution on apple maps. >> i wouldn't worry about it, taiwan. >> the whole secret sites aimed at giving people the taiwan of advanced notice. china has more than 1500 listed missiles aimed at the tiny isnd of taiwan. it won't matter if you have a couple minutes of extra nototice the 1500 nukes winning at your doorstep. melissa: okay, let's squeeze in one more here. a spontaneous missile explosion in russia. listen to this.

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