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tv   MONEY With Melissa Francis  FOX Business  June 29, 2013 12:00am-1:01am EDT

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remember if it's a crisis -- now that's a threat. that one's a threat. see that! the flag, end o the worl have a great weekend. more mones of the jobs numbers agree. ♪ melia: i'm melissa francis, and here's whas "money" tonight. a wave of the stes are looking to slap guns and ammo with special taxes. just gun-control in disguise. plusthe first-ever bank that does not have any banks. it turns all mobile banking into reality. will the breakthrough in technology put your money at risk and who me "money" today? investors are gorging on one of the splest foods out there and making a killing on it. keep watching to find that it is even when they say it is not, it is always about "money." ♪
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>> you don't have to wat your hard-earned savings shrink to nothing. inst in gold. >> that's why i buy gold every chance i get. i even liked the feel as cold. >> years ago my father told m invest in land. well, i did. that is very well. now it's time to buy gold. melissa: you cannot hide from them. you sethemverywhere. commercials. these days gold is a goner. the preciou metal is getting pummeled. its recent plunge sendingeople scrambli after reaching a high of more than 1800 per ounce. did you see this? it fell below 1200 for the first time in nearly three years. gold was down 23% for the second quarter. its biggest quarterly drop on record ever. it has to be affecting selrs everywhere. here to tell us is a man with skin in the game, gold expert and dealer. welcome to thehow. >> peggy for having me. melissa: are you holding on to
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your nuggets? are you nervous about what is going o >> not at all. it is a commodity. it will rise and fall. you just have to position yourself correctlyy better to make money in a rising market. takes a little bit moremarket strategy. melissa: a little bibit more strategy to say t least. absolutely slaughtered. and i know a lot of people are in this boat. i mean, new people at the end of last year personally who had their bonuses paid in gold because there were so worried about the currency. it is logical. you watch what was going on, the fed and say, well, the dollar will be worthless. the bond vigilantes are coming, but the market has turned against you. what would you sayo people out there who are invested in gold and may be th are hiding under the bed right now saddle what is going on? >> everyone is crying a little bit.
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it is always going to be there and pay off. mae not as high as it was at one time. everybody now has access to information. this year a l of the global factors that affected such as north korea getting a missile aimed at the united states. then you have iran. a lot of these have quieted down. people now realize these global factors may be and not as prevalen as the rumor. melissa: i don't know. at 1800 the sky was falling. i don't feel like it is that much higher. i still feel it around my years at thisoint. it does not seem like things are that much better. >>hings are not. i think the stock market when w saw what happened with the fed chairman giving the impression. melissa: he will take the punch
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bowl away. >> and e said a while ago whe this first started, a lot of this money will be going into the stock market. you prepare some sort of. banks now are not bearing anything. so this, this sort of -- we saw the stock market come off as a result of what he had to say. a lot of the bubble has cald down. again, its a commodity that will rise and fall. melissa: what doou have? >> some gold coins. melissa: it is still lovely and i still love it. you know, you are a brave man for coming out here in spite of everything. are you so brave that at this point you would double down and believe in what i going on and say it i a absoluteargain, or is that pitching a fling knife? >> it's good question. wheree is the bottom? melissa: you don't have to it time it. you just have to get a good deal. no one can really time the he believed and say, i'm not as
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panicked as the other investors and get it here and look like a smart person when it goes back up. >> well, as we go into a bear market, everybody including myself wants to jump in at some point. where is it? 1500? 00? now when it comes down and went under 1200, basically on chomping at the bit. it has recovered a little bit today. melissa: you're thiing about it. all those guys we see that t commercials. i love them because the spots are show. the last thing a want to do is have them go, please, don't go out of business. we need you advertise. are people going out of business? >> the strong will survive. e johnny-come-latels you will sissipate. every business that you goy, cash for gold, cash for gold. barbershops, funeral parlors. on not going to sell my gold there. these will fall by the wayside.
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the strong will survive. i see the markets come and go. don't get emotional. but they're is a time. melissa: thank you for coming on the show. i have a lot of respect for you because when gold is at 1800 everyone wants to come on. and we see it getting slaughtered, people don't wa to. we areciate it. >> if someone wants -- melissa:an i keep this? >> just give me $1,200. melissa: you'll be back. arthur blumenthal, thank you. to the cost of guns and gun control after losing the fight in congress. some states are loong to attacks ns and ammo. supporters of the idea would discourage gun vlence or pay for the damages costs. critics argue itmounts to a poll tax o the exercise of the second amendment. boils down to this, our state's using sales tax as control measure ? we're in washington with more. >> reporter: these new sales taxes are starting to creep up.
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more and more states. at this .7 states and one local government have added or are coidering adding more taxes to guns and/or ammunition. for example, cook county illinois has tacked on a $2,500 tax. connectit, the state of connecticuwith a new town schools shooting happened is considering a 50 peent tax on ammunition. california may enact a 5-cent tax on every bullet sold. maryland is looking at a touch of the $500 tax on handgun licenses and a 50 percent tax on ammunition. also an effort here in washington and congress to add a federal 10 pernt tax on handgun purchases. use that money to find a gun safety and violence preventn programs. >> gunsre responsible for homicides and violence in our society. they're is a price that our society pays for that. i don't think it is unfair to link those tngs with prevention programs.
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>> critics say this is an assault on the second amendment. republican lawmakers have proposed federal legislation that prevents states or local governments under the commerce clause from impooing new taxes. >> you purchase a firearm in the united states, you have to do it in your state, which means you can go to another state and purchase it unless it comes through dealer in your state. there's no way to get aund it. if the state imposes a tax, there is no way you can get around it. you can't just go to another state. >> the new taxes unfairly burden people who are not wealt, but still want to protect their family, property, or theelves melissa. meliss so sneaky. thank you. up next, our tax dollars are going to the rht things. one city willrain students to push obamacare to their friends and families, and we are all paying for it. seriously. we will tell you all about it.
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plus, never go to your local bank again. and all mobile bank act gives the green light from the federal reserve. but could create more problems than it solves? mo "money" coming up. maybe some gold.
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♪ melissa: so that whole obamacare thing does not seem to be catching on as well as the president wanted it to. the government seems to be having a tough time selling the idea. why not recruit students to push it? california state health care exchange cover california is doing just that. it is giving almost a million dollars debt l.a. public schools to create a program that includes teaching high-school students how to convince their parents to sign up. this is the class. this is what they'y're doing. wrong on so many levels. joining me now, senior editor brian dougherty. it i so difficult to figure where to start with this one. it is amazing. a milli dollars. it's part of a $37 million gra
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program. but this is going to help teach kids the proselytize their parents about obamacare. we don't neeto work on our math skills and more. take it away. your thoughts. he me out. >> you have this program, as you noted, massively unpopular. only the less than 20 peent of americs are satisfied with it. half are convinced it will make to a health care market worse. this ishe dilemma and wt the ate exchanges, cover califoia is the state agency responsible for implementing obamacare, trying to turn around. and glad you mentied the 37 million. the million is justtgoing to at los angeles sools. 37 million, civic groups, religious groups, ethnic groups3 in all to teach them how it works and to love i my favorite detail of this, acrding to an lausd spokeswoman,his money is what they call -- is coming of the
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back end. the school districis going to start putting a person working on this first and then the get the mon from the sta if they decide it is working out, and i don't eveknow how that will measure that. i guess by how many new people register. it really is turning the public schools into a pure machine of indoctrination for an unpopular political program. melissa: how does this work? and trying to picture h these classes will go. what would this be like? >> it's hard to say because it has not been lost yet. one element is there trying to teach their own employees about obamacare, but it is listed in the grant that one of the functions i that teens are to be targeted to become ambassadors for the program to the adults in their life. exactly how that will wor is unear right now. exactly how the school distrt is going to get reimbursed for in the end if they don't prove effective is also unclear. i imagine it will be as simple as telling them, here is what
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will be great about obamacare and here is what will be great allegedly about shifting the cost of your health interest to others. i'm sure there won't emphasize facts about how much it will make individual helth insurance premiums rise or anything like that they want the students -- they probably ill not focus on the actual math of what is going on in it because they are allergic to math as it is. they could use working on the math. looking at a recent poll of registeredoters, almost 40 percent would like to see the law repealed entirely, obamacare so i can see why they're trying to get more people excited about it. one idea, if they had everybody sit dn and read the entire document, t many thousands of pages i mean, and then there was a test on it afterward. i might support that because that would be reading comphension and workingn basic skills that might be positive in t future. i don't know. >> is definitely not about
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actually educating the program. it is elusively about getting more people involved, teens convincing their parents, get involved. sign up. melissa: thank you for coming . appreciated. >> thank you for having me. melissa: next on "money," thehe first new bank approved by the federal reserve in six years. there is not a single branch. how it is all-mobile banking may transform the way we manage our money. plus, it is a hundred million dollar monument to a space exploration. a firsthand look at the kennedy space center newest exhibit. wait until youee it. can you ever have to my "money"? ♪
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melissa: winners on wall street or main street. who is who made "money." anyone who owns this company. they're is a line i thought i would never say. threstaurant chain made the stock did you. investors had a royal feast. they too off into the stratosphere. 104%. the best debut this year. i wish i own tt. losing money t, everyone who owns blackberry, their comeback is looking more like a fantasy right now. it reported surprise loss. sales of itsew smart phones came in at the bottom end of expectations. the subscriber base shrank. all of that bad news is causing the stock to get slahtered. look at that. 28 percent. heost $118 million today. that is a tough blow. i bet h has plenty of other cash.
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also losing money, every business in chicago because apparentlyly nobody showed up fr work. look at these pictures. everyone and their mother came out to celebrate the chicago blackhawks stanley cup victory parade. for hockey? really? all right. here is a new bank. it is all on your smart pho. it is called go bank, no fees, also the first approved by the fdic and 556 years. would y be willing to give up the option of ever walking into a branch and just doing all of your bank to run application? here to tell us all about the spread through is go bank had a product development. thank youor joining us. >> a pleasure to be here. melissa: you are younger than i expected. don't know why would be surprised. you loo like you're maybe about 12. how long ve you been doing this? make us feel confident about this.
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looking at you and even more nervous about giving money. >> you know,irst and foremost it's a real ftse interbank account, so you can always rest assured that your money is safe and backed by the federal government's. but on top of that, i have been building mile applications f close to a decade now. we know this inside and out. melissa: tell me how your fee structure works. i have been hearing your ad. i think -- no fs at all, but there are things that you can pay fees for if you want certain services. how does itork? >> with go bank what we want to do is make it really fair and transparent. oliver fees can fit into a single tweet. there are few. i think the one that will be the most novel twist is, most of the monthly fee just for kping your account open. with go bank we wt to turn the system alone ahead. we have done, customers can pick what they wantt pay what they
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want, between zero and $9. think about is a tip. if you love the product as mu as we hope you will, to press for it. melissa: that does not sound like a fantastic business model. how will you make money? >> we're not relying on the monthly fee itself to make it a profitable busins. we actually also make money when you use your debit card. you get a real, physical visa card. overall the bank is very profitable. melissa: how do a deposited check? >> you do itight fm your multiplication take a photo of the front and back and submit it. melissa: would you say to people who are nervous abo, i mean, obviously we have a lot of concerns about cyber security these days. there are a lot of scandals in washington having to do with ople going on line, hacking into various things. the government spying on us. have you make people feel better
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about the fact that they don't have a physil bank and are going to be trusting their enre life savings to eir phone? >> in know what, that's a great question, melissa. one of the things we did with go bank is we did not cut any corners when it came to security. we use a state of the art ink inscription on both your mobile application and website. beyond that it ismportant to another is nothi sensitive store and your phone. if you lose it your account is just as safe as it would be with the traditional bank account. melissa: are you afraid of the big boys coming in getting you? what i mean is, you are a free rider on the banking system. they spend a lot of money to build up atmnd branches and you're coming along cleverly in the short term and being a free rider on all of that. people can g to the atms and get money. are you worried about what will pp down the line? >> you know, people are actually going to different sets of atms.
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more than anything, we wcome competition. we felt like consumer banking had not changed a lot in a long time. what we want do is build a bank from the ground up that was made for mobile, not just sothing that was bolted on or an experience that was tacked on. one detective fundamental things you did on a daily basis and make them more convenient , simple and easy understand. melissa: thank you so much. go bank. very interesting. unlike. >> thank you so much. melissa: after what you heard, will it be wave of the future where should you watch out? with me now, director of financial regulation studies at the cato instute. welcome back. your reaction. >> well, i'm a big fan of mobile banking. i think this is part of the wave of the future. you touched a lot of the important points, particularly the cost strture. it will cost annually about $300 toaintain a checking account. think it will be able to get the cost down.
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they still have to get their customers to be willing to pay five, six, $7 per month on average. i do worry about the cost structure. again, they're trying to do essentially a fee-for-service model, kind of a debit card model which sets aside the concern about the durbin amendment and wheth there will be able to make that much money on the interchange. it will have a target audience. a lot of people under 30 who are big mobile users will be intested. once you start to get people above 30 you will see a lot of skepticism. you raised the issue about primar account. i think the way this will work the first is, you will see people put sll amounts in this. no way i will move tens of thousands. someone might put a couple hundred to seal a works. really to see how the fed develops. they're taking advantage, rightly so, the tarnished reputation of some much of the banking industry in general, but the long run impact of this will be, it will force the bank of america's of the world to pay
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attention. they are doing mobile banking. i think it will be more aggressive and pressure. i think competition is a good thing. even if go bank is not the one who necessarily survives. i don't know that, but to me to bring competition is a great side effect. melissa: therere couple of interesting things. it has to be for someoneho does not want very much service at all. you don't want to have a relationship where you have your money on deposit and also have a mortgagend a trying to build a largerortfolio. a younger person without question who is not trying to build a relationship. i don't know how you make enough mooey to stay in business. dulces a profible model unless they somehow raise their fees whic defeats the whole purpose. i also see the banks getting really curious. i remember the response when they said go ahead and use any was atm for free and freeloading of all system the banks have invested so much money in that these atms of there.
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there will fight back. >> you mentioned the cost structures. that conces me as well. i believe that they can reduce the cost of maintaining the account because the labor, we've seen this with a stand-alone online banks that have to pay a lot more for the deposits. and so for these guys t raise the cost of funds will be higher . they're going to get squeezed. they don't have much of a plan. your point of where you go to get a mortgage. again, a model of we will sell u.s. we of products has been the holy grail of banking. no o is unable to pull it off completely. they're is a lot to it. i question howhat will cross all you other products. how might go into a branch, but i like to have the option. a lot of people do, even if you don't go on and daily basis. melissa: to you have a monitor?
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that make him nervous? he's out there doing something cool. >> exactly. melissa: thank you for cing on. so it is our question of the day. would you use it as your primary bank? some apprehension. we only had one positive response. it's pretty cool. we want to hear from more of you. you can like this on facebook where follow me on twitter. next, one of the coolest space exhibits has its grand opening tomorrow. a sneak peek at the hundred million dollar display. we bailed out gm. you migh think it want to spend hundreds of millions of dollars giving back. you would be dead wrong. we will tell you where that is heading instead.
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piles of "money" coming up.
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♪ melissa: remember this? that is the space shuttle atlantis,asa's famous to blast shuttle to soar into the galaxy. now the kennedy space center is marking the iconic mission by
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unveiling a hundred milon dollars exhibit of the shuttle tomorrow. we are on the ground at the kennedy space center with a sneak peek. have fun? >> this is really a remarkable exhibit. a lot of emoon behind it. is definitely not static. we've seen some early birds come through all day. the walk you through to surround sound movies before they unveil in dramatic fhion. we have heard people pretty much stand up and cheer. some people getting emotional. at least for the astrouts are re for the grand opening, some of which saying that they hope this display rlly sparks an interest in space explotion, especially among children. >> i hope the kids in particular have the same sort of momt that i had when i was ten that looks like a relief fund thing. what to do that. look to the spacecraft.
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no one to ride on one of those. >> some of those who flew say it's a bittersweet feeling. of course all this is being funded by ticket salesnd concessions. no taxpayer dollars behind this $100 million display. melia: this is exciting. people behind you are electric. >> i have a pretty low heartbeat in general. aftetell you, despite my alberta parents are really does give you a chillhen yosee this a round sound. melissa: your jumping up and down on the inside. i'm going to be in trouble for that. a big announcement from general motors.
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investing 691 million to build a new plant and upgrade an existing one. that is a lot of new jobs. great news, especially since rebel the company out to the tune of 45 billion. the m money is going to its mexican ooerationnot here in the u.s. chin that money be goingoward creating jobs here at home? here with more is motor trend detroit editor scott burgess. i have to admit to you, i am a little bit on the fce. on the one hand i am a taxpayer o went to gm all o this money and now they are hiring people in mexico. on the other hand, i am a taxpayer from a shareholder and want them to the smart thing with their money andet the most bang for their buck. where you come down this? >> you get the best of both worlds. almost $700 million investment in mexico. they have been there for 70 years.
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they sell more cars overseas th they do in america. so this is just part of their obal empire that is gm. one of the largest car makers in the world. from the investor'standpoint you want them to get the most out of the money, and a lot of the cars and engines that they will produce at this plan are not even going to be sold in america. they're trying to develop south america. brazil be one of the most important places to go. on the other side, gm already announced it will invest 16 billion i the u.s. over the next four years. 700 million versus 16, i think you want the 16. melissa: you are saying they're producing parts that will be sold. they're just getting the manufacturing closto where it will be sold. that makes sense to somebody with the business mind. to the average unemployed person you're in the u.s. who hears the story the other way and that they're spending money, they worry about a backlash from coumers
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? >> i don't see why they would, especially with all of the investment that they're making in the u.s. what is supposed to do? where would they put this plan and have the same labor cost? it is smart business. i can understand the backlash that you're talking about, but it seems unfounded. melissa: it does. however, it is everywhere. i mean, we were looking at this story on order, in the papers, all over the place. and i am wondering, is this the down side of taking government money? you have people up in your business helping you make your business decisions? >> eventually the government will not on any more stock. it comes out that they have lost money. that number has fluctuate. it looks like it will be about 10 billion that day -- money they put in that there will not get out. i am sure that there are no other stocks that people have bought that they lost money on. if that is thease ts is bad thing. melissa: but the problem is, the
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other stocks we may have bought willingly or stupidly on our own. i think it is the fact that we had no choice in the matter that makes everyone a little bit better about the invtments. >> at the end of the day its four years old, the bailout. it did work. melia: not if we lost money. that's creative destruction. if they go under, like you said, you know, either they are not made because they are not affordable what they don't want them what they're made some moral spirit that is what a free-market economy is all about we kept this company afloat for better or worse. that is discussion for anoer time. i will give you the final word. >> in this case it's a good investment. an energy plan that is building engines for the cars that may not come to the u.s. you are givingore money in the u.s. and any money that that mas comes back and helps the stockholder. melissa: thank you foo comg on. i have been wanted to share my opinio. we appreciate your time.
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>> thank you for having me. melissa: coming up, nothing says fries like $500 million. three financial lifelines that it cannot live without. we have the details on how they are trumping international sanctions and wha could be done to cut themff. at the end of tte data is all about "money." ♪
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♪ melissa: following the "money" to syria. andou aide to president bashar al-assad and his regime that could turn the tide in the on going on for -- conflict as the u.s. makes arrangements to arm syrian rebels. perron, russia, a china reportedly ging hundreds of millions of dollars worth of oil and supplies to the syrian government. countries are also extending credit lines to help the assad regime, propping the economy up just as it was starting to bashar al-assad. here to tell us what these countriehave to ga and what position it but the u.s. and is homeland security analyst at the heritage foundation. thank you for joing us. tell us more details. hal is the exchange working? well, this is pretty easy. the middle east is willing betwn two religious parties.
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syria is read the fall line. asd has nowhere to go. europe is did to him. most of the middle east is city. the only avenue they have to bring in cash for anything else is throughout russia, iran : ab. russia has a hugeoncern it -- insurgency. that is 88 insurgency. the last minute want to see is see sunni is, because that will create more problems. that is their interest. they have a lot of economic interest. they're gay way into the middle east including the linked to hezbolla they have every interest and ll spend every nickel. china is interesting. they buy a lot of oil from iran, so the time that is willing to golong. melissa: the sian pound has lost 70 percent of its value
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against the dollar. inflation has topped 50% this year. that is according to the world bank. how are the mechanics of this operating? is it straight barter? how is this working? >> lerally they have to work in other cncies. the syrian currency is virtually going to become useless. what other options? it won't get dollars or euros. there will be a deal on the currencies that are available to them. and -- melissa: go ahead. >> no, go ahead. melissa: i remember early on i don't think it was assad, but someone saying that i not make the same pre crisis mistake of being paid in western currencies andnstead are receiving other currencies this time aund. how is that working? how do they anticipate that? we will listen to the learn and is a pang of? >> well, essentially adelle working in the only currencies
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they have available. and this is the key thing about this jury in conflict. you cannot really block the access of russia, iran, and china into syria. they can get into the country. as long as they did then, they can throw fuel onhe fire which makes this very different from bosnia. if you remember the bosnian conflict of the 1990's, no one was really throwing fuel on the fi. the russians were not all that interested in p perpetuating the conflict. the cold war was over. the europeans wanted to see it come to an end. there was not an islamist insurgency. in a sense the fire burned out. they all ran out of money. melissa: but that won't happen this time? >> but the russians, the iranians have no interest in seeing this regime go down, so here is the problem. everyone can throw enough fuel on the fire to keep it going, but no one has the will of the resources to really -- melissa: what does it mean for
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e u.s.? what position does this put us in? >> our great concern is that this -- well, there are two. one is that this can balloon into a larger sunni shia civil war and start disabling countries. that is a big problem we're talkg about all of the middle easthutting down. the other problem is in europe, there are at least 600 foreign fighters that have been pipeline from eure in this area still fight in the war. everyone is worried about the afghanistan syndrome. when the fighting is done or even as it continues and grows, what happens to the foreign fighters? the answer is, they come home and startnsurgencies. melissa: thank you so muchor coming on. a sobering segment. next on "money," if you thought lance mstrong was a pathological sociopath before, man, oh, man, wait until you hear what he's saying now. maybe it is the side eects from the doping. we have the details in "spare change." you can never have too much
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"money." ♪
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♪ melissa: time for a little friday fun with spare change joined by tara and jared, thanks to both of you for joining us. happy friday. >> happy friday. melissa: absolutely. inadvertent advertising. the texas state senator, wendy davis, wore a pair of piping sneakers for the 13-hour filibuster tuesday against the bill restricting rights. she got attention as well as the
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sneakers. reviews are popping up on aaazn like this one that sys, "weather running for governor, or running for women's rights, these fit the bill." do you think she'll do a advertisement for them in >> america's back. despite the fact it was aheav issue, y know, dissent on either side and people are passionate about it, what sued -- stood out was the pink sneakers. america's back. melissa: she was there for 13 hour, couldn't leave, it was really a heroic feat, and her feet are heroic, in fact. >> a very itelligent woman, harvard educated, a political confrontation in it, but she was going for an endorsement so move over lebron james. melissa: you think so? >> definitely. >> knew what she was doing? >> exactly. melissa: makes sense. if you miss aamstrong, he's a good one. he's not accepted the fact he's
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been tripped of thetites or that any was his fault telling a french newspaper he's still the record tour de france winner because in is era, whatever that means, it was impossible to do without doping. in his m mind, he's still the best. does that make you nervous about his mental health? >> he's got to take responsibility for the actions. he was doping, admitted it, just take responsibility and lose the titles. this is along the vains saying nothing tastes as good as skinny feels. it's inappropriate. take responsibili. >> yeah, shows you when a star comes out and do the heart felt apology, whatever it is, that that's been coached, and that's not where the coach is. >> arrogance, thy name is lancearm strong. you know how many people were impacted by him? people lost their jobs, newspapers were sued with allegations that were accurate, had to give up money, and now the guy is still --
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melissa: and charity. >> exactly. he should be apologizing. melissa: he said, couldn't win without doping so that means no one won? the race was won without any doping, nobody would have won? people would have fell off their bis? i don't get it. a tourist dazzling find ihong kong. a bag of diamonds worth, eady? worth $32 million, a woman noticed that the bag was left behind so she took it upon hersel to guard the bag, and he waited for the owners to return. amazingly, a man retuned, yeah, i bet, pale, and saked with sweat, thanked te woman repeatedly. what would you have done? finds the bag, says they were -- soy bean size uncut diamonds, and he comes running back, obviously, having a heart tack, i might ha run. >> i definitely -- you know, she
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was smart. e stayed there and guarded them. i would have taken them to the lice, and who knows if it all would have stayed. >> what do you think? >> i would have taken them home, spread them on the bed, threw 20s on it and be like a music video. i would have returned it all. that's the llast peope i want people chasing me. that's a movie. melissa: that's probably true. i don't know. pretty amazing. all righ as we wrap up this week, tom sullivan has something to say about our government taxes and equality. >> this wee when the supreme court ruled on the defense of marriage act and prop 8, they focus the on gay marriage, but to me, the decision was not about our sexual orientation, but about economic equality and howthe tax code is at the core of the problem. the main issue is that married part-time get a better than singles or head of households. gays arenot able to married, thus, stuck in paying higher single tax rates, but also could
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not take advantage of the spousal exempon estate tax. doesn't matter if you ar gay or straight, somehow the government and the iernal revenue code deems different tax rules based upon the wy you and i live our live singles paid more than marriages, people with children pay less than those who do not have children, and the solution is simple. do away with the varieties and have just one tax rate for everyone. if we don't charge blacks a differen tax ratesthan whites, imagine the outrage of that. well, maybe this decision wil leadto drastically simplifying and equalizing the tax laws. melissa: maybe. you think? watch the tom sullivan show this weekend at 7 and 10 p.m. on saturday and on sunday at 7 a.m. and 7 p.m. eastern. i don't know. i'm stuck on the bagof diamonds. i think i would have kept them. >> that's a yes. melissa: have a gret weekend you guys, happy friday,
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everyone. here comes "the willis report" next. ♪ ♪ >> children. >> you save. john: in 1984 has come to america. >> this big brother has done a lot greedier than george orwell thought it would never get. >> when you call grandma in nebraska the nsa knows. john: the president says you have nothing to worry about. >> nobody is listeningo your tephone calls. john: government officials do like. >> does the nsa collect any type of data at all? >> no. john: my fellow libertarians are mad at me. they say, i am not ang enough. >> you know, i don't think this is john stossel. i think it is an impostor. john: i'm angrier than she is. >> i don't mind. it's not like it will be on tmz.

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