Skip to main content

tv   The Willis Report  FOX Business  October 11, 2013 9:00pm-10:01pm EDT

9:00 pm
the river. charles: jonathan is getting a waiver on a facebook account and they won't be snooping on him today. you guys are the best. i love you. have a great weekend and we will check those stocks later. audience, have some hot cocoa tonight and we will see you on monday. el, everyone. i'm dennis kneale than for gerri willis. what does it cost when you criticize presint obama and his economic policy? the answer may be over $20 million. that is at someone is paying. we will explain. and facebook ceo demanding more privacy not for you, but for himself. you in the meantime are about to lo more privacy on facebook. also tonht monica de part two, sexual harassment in the workplace is legal, but a judge ruleit is okay in some cases involving interns. our legal team will tackle that issue. "the willis report" arts right nnw. ♪
9:01 pm
we found out today whatan haen when you are a topuncio who openly bashes the obama administration. it will cost a company. the legal costs in defending itself in a slew of federal investigations will total at least n astonishing $23 billion could go eveven higher. this for a bank that our government thought necessary to rae billions of taxpayer dollars to bailout. the bank's chairman and ceo jamie dimon has been one of the few bold enough to criticize the white hse economicolicy which has made him a target of sorts. with me now, former goldman vice-president who is now a scholar and a liberal think tank . and neil weinberg, editor-in-chief of amecan bank. to start this off of what you to look at something. we wan to make a crt of the fferent agencies investigating
9:02 pm
jpmorgan. there are so many we could not fit them all on the sam screen. and look k at this next scree five more. ten agencies. that does n even mention the fha or the many state investigations. now the "wall street journal" editorl page, washington is leading j. morgan and may yet stirng up jam dimon as a lesson in what will happen to any banr who dar to disagree with his washington bosses. his storytelling needs conflict. vestar with conflict. of view, the idea that this ist really a some poa witch hunt. >> thank you for having me on. actually, i have the complete opposite view, as you might have guessed going into this. i thinthat t criticism and th fact tt jamie dimon has been so out frontn the sistance to the form of wall street's haseall caused him to create a whole sense of defiance against regulators
9:03 pm
which is really what has happened. if you look at the reports that were don on the london whale , it is clear that heas created a corporate culture where relations are not to be followed by the letter and the spit of the law, but to be avoided. think that is reall what has gone on and why they have gotte -- dennis: by the way, did not see the chart exactly, but there are several other countries. i don't think he -- dennis: and yet, you know, jpmoan takes its ownoney and loses $6 billion which is a pretty goo lesson about risk. yet the government comes in on top of that aise them almost a billion dollars more. why fine a bk for losing its own money? what is that? >> obviously i should not be legal you should not be fined for losing money or takin risks >> in this case with the government is saying is tt jamie dimon or his bank was not
9:04 pm
being honest with the government. i can tell you,ousked if this is a witch hunt. i think it is half a witchunt. clearly there are some people who don't like the fact that jae dimon has been speaking of, but we have also -- an american banker, some of the things that the government is going after. we were there in some cases first and i think that there so fire or the smoke is cing from. example, there wer tryin to collect from peoe were delinquent on credit cards. they did not hav the records to go after theseeople. it was extremely dubious behavior to either sell this to collection agencs or have thr entire irasture of lawyers arod the country suing people when they did not he the goods. they have sincshut that down and there trouble. that is why the inveigation is going on with the occ. dennis: in the entire meltdown jpmorgan was one of the good guys. they did not trade in synthetic ceos. a real and the governmen says were you pleased by a bear stearns in whington mutual
9:05 pm
the. 70 percent of the offenses, all the companies, we bought them because you asked us to. we're picking on them. >> go back and listen to what was said by thmanagement at the time h was acquired. ey wereiddy about the transaction. they brought to beartearns for roughly the value of the property on park avenue. dennis: my pothat these were guys who did sething right. we are singling th out and are about to destroy them. >> trading up. they actually are profitable, more profitable than wall street expected, but for the legal costs. ey're in no danger of going do. my point here is that they actually benefited hugely fm the bailout. all of thesether ban.
9:06 pm
not that they should -- they should not be punished for things that went wrong. the partf the witch hun is what you're saying because he was a hero during the finanal crisis, came and. that was good. now he is getting slapped for ring that. also bank of america bought cotrywide which was voluntary. they paid about $50 billion to settleroblems. you cannot s. dennis: when a bank in the worst melt down sinc the great depressions up losing mor money no in a melown but in the aftermathecause of the federal investiggtion and penalties, isn't there something wrong with our system? >> the could be something wrong with the system or jpmorgan. >>ou have to also take into considation, jpmorgan was bailout. dennis: they paid bk every penny plus interest. >> the best way to think of it ishat the whol system, whether it was money market
9:07 pm
funds or currency swaps, the whole system was abo to melt down. so even tugh kaytoo did not miss -- jpmorganid not necessarily needed an inusion, they benefited from the system. >> by tt logic we get bailed out to. nnis: we have seen meltdowns in the late 80's and in 200 and in 2008. everyime the government has to find a few culprits to me in the posr child and to kind of beat up on them so that we all get our molesson. at about a wall street amnesty? what about a treat and reconciliati commission? let's stop all this because i feel le we are bleeding the very banks that we had to bailout to save the system. >> the biggeproblem is the way we are leading the banks. there is validity to some of the gorn investigations. not all, some. i also think that the regulation is going to stngle us. >> the regulation is going to shrink kaytoo andome of -
9:08 pm
jpmorgan and some ohe other banks by forcing rectus business t of the banks. that is true. as a very good thing. i think that the ft of the matter ise have have -- we don't need a treat reconciation commiee. no one morehan a fabulous vampire them a fabulous that has @%er bn really prosecuted. the fact of the matter is. dennis: there was not true crimalctivity going on. are theoveren has said the situation was so bad and tenuous. >> one other thing that is going on here. you have regulators, the office of the control, the currency, fcc, played as fls during the financial crisis, did not see anything g on. dennis: now they can be the ones in theystem at no matter. what i worry about is that at we are really doing here is the will ossification of the american banking system we are making so thathey are too afraid to take risk, not tt
9:09 pm
they will lose money, but it will pay even more in fines. i am taking the last word on that. thk you r being with us. appreciated. now want to know what you guys think.. here is our question. is the government ought to destroy? log on to a gerriwill.com and vote we will share the results of the end of tonight show. and it sms washington d.c. is set to destr itself. on day 11 of the goverent set down president obama and house speaker talking on the phone. both sides say that while there is no deal the chat was constructive. rich edson is at the capitol with the latest. >> wel talking in right n republican in the house are waiting for a counter offer from the white house. republicansast evening in late night negotiations presented the white house with an offer. raise the debt ceiling, reopen the part of the government that are closed and included snding cuts and mandatory health care cuts as well.
9:10 pm
house republica say they're waiting for a reonse from the white house on all of this. rit now you have thisense in washington where their rhetoric has been gile down. folks in house are letting ee negotiators for congressional leaders and the3 white house tal this one o. there's a separate track g going on in the scent a number of republicans floatin their own pls looking for mocrat to sign on brd which would close or open the government for another year or fund the government for another year, raise the debt ceiling for short-term in the medical device tax and health care law. the number of proposals floing around that the white house house republican negotiations are reallyhe primary track right here. waitingo see. i have toell you, democrats and republicans have been stuck on issues of taxes revenues, government spending for years now. there are some certain things that they ccn do within that where they sort of agree and will beilling to go. long-term de deal right now over the next few days is certainly not going to happen.
9:11 pm
>> some of t changes the republans actually want to make our importa straismus. this to a 3 percent tax o medical equipment makers is on theenue fks are not on the profits that are left over. that is t revenue. talked to the ceo of a medical equipment company as it basicall ty will live, entire profit growth, now, thistarted out as aight about obamare. it feels like it is not about obamacare anymore. what you thi? >> it depends upon who y ask because there still are all obamacare components the republicans are pushing or. republicans still want or are ating according to on congressman a 1-year delay in the individual mandate tt makes or requires almost everyone to have health surae next year. when youook at the senate proposal, we just discussed that there is that eleme ofedical device tax which is something in a budget vote thatoes not really have the force of law. as an tate in a vote. itid n becom law, but it did send a signal that 79 or 80g
9:12 pm
that tax. that should be an easy way that can be easily thrown on tohis. dennis: the democratic controlled senate. refusing to negotiate or make y changes at all, yet the democratic conolled senate previously said it was left that equipment tax. these guys will fig over anything, even when they agree. >> and that is the thing. and so you he the white house message on this which has been you raise the debt ceiling. yo findhe government. and then we ll negotiate. right now the white house is givi a little bit. when you have somhing like th this state of massachusetts , lot of medical vice companies. senator looking out for tir home state interest, though they may be democrats, they don't nt to see the tax. you have that and some other northeastern states wi the same type of thinking. you wrap all of tse issues and might get to something. that is where erything is sort of moving all over the place
9:13 pm
right now. it is tough t tell what will be included. weook to t that because itas been so popul in the senate. prediction.t fearless will there be an accord by sunday? >> no. dennis: nicelyone. okay. a lot more still to come, including ways to make your work experience a little better. and next if you' on facebook they will find you whether you like and not. why advertisers and perfect strangers or worse an ex lover ma soon be able tt search you out. ♪ any last request mr. bawin?
9:14 pm
do you min grabbing my phone and opening thcapital one purchase eraser? i need tredeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i wa. st pick that flight right there. m hmmm. give it a few taps and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in yo wlet?
9:15 pm
9:16 pm
denn: add real-estate mogul ted the resonate far mark zucker byrd, paying $30 million to buy four housesurrounding his own in palo out so, califnia. if you want to do a flyover. fuling his shopping spree is a lust for privacy after diovering the developer wants to buy one of those songs a flip it b using the facebk
9:17 pm
billionaire as the hook, he made the move buying the homes by leasing th back to their forerunners. when it comes to your privacy, he takes facebook in t oppote direction, getting rid of privacy fture that lets users limit who can find them on the site. here to weigh and, adam levine, the chairman of identity tt 911. thank you for being with us. frst, tell us why. >> they are arguing that since there are some money back doors wheee people can find you anyway , they cano facebk dot co / dennisneale and get to you. so therefore having this sort of omnibus feature about using search engines to get your timeline, you know, within facebo, it did n mea anythi. dennis: a projeion that was not doing much anyway
9:18 pm
>> creating false sense of security. dennis: previously and was able to sp some crazy ex-girliend search, bunow cannot. >> except for the fact that it is such a small percentage of peop anyway. withacebook, a small perctage could sti be millions of people. listen, we a facing a constant the erosion of privacy there is no question. facebook has been leading the charge. he himself sd that, you know, there has been a paradigm shift in the concept of privacy. at this point there isn't any. playing so much information out there. dennis: is a ridiculous of u in the privacy prut's even make an issue of it givenhat have much privacy anyone should expect whenhey go on and sayome here is the college, my religion, what i think. isis it a mnomer? shou we never have expected any privacy? >> people have aertain concept of what theyant to see in %-other people and being able to limit those people.
9:19 pm
facebook argues that depending upon the items and where they are that you can limit to friends, friends of friends, acquaintances the solar sysm, you know, whener you want to do in terms of how public and exse you wish be, but i think that in this -- first of all, we're living in aorld now where i think we have generation eneration invincible. people think they can say anything, do anything, and they're bulletproof. and they are not. there are too many peoplwhat your infmation dennis: if it is not careful i will be on the wrong side o this trade. think about this. the american peoplere getting creasingly concerned about just how much about them is available. california state legislature passing any laws aimed at kids still have the righ for the state forces website stick giv kids a chance to take down comments. i was e-mailing the ceo of an outfit they have temporary phone numberor y can sign up and get rid of it in aay. in facte have a segment coming
9:20 pm
of later tonight michele a bunch of newpps. thii typ of blitz disappeared. those. so i't facebook kind of on the wrong side? shouldn't they make it far better to let me know my privacy? i have no id how t do my settings and fl like the mpy is making it difficult. >> they claim they want to make it to the int where you can decide when you do something to you want to e it. it chang. it is a mystery. every day is a new adventure. and thais a great concern. they are ultimately going to end up othe wrong side >> , but t news service that is more exclusive and mor ruling out and as a lot more blockk and obstacles t others being ae to come in and see everything. shou they take this job back and turn it into a profit nter? >> absolutely. a great article. the mai announcement.
9:21 pm
a new progr. $20 a picture you could make the information disappeared. >> i think that is a gat business plan. the old days the white pages in the form but, you were listed unless you pay the phone company extra to be enlisted. maybehat model. thank you for being with us. and facebook is by far the world's largest social media site with nearly a billion visitors every month. issues of priva are ctain to become a reality for thether side's out there. the most pular social media sites besides facebook make up to arrest of five. number fiie, google plus, a fast-growing network. that number ems to be going on the up as opposed semaphore, the late my space, this 10-year-old netwk has been one of the first to launch the social media crazed but is mostly a music sharing site. interest, the photos sharing site that's more than 85 million monthly user's been up items
9:22 pm
that they le. number two, linkedin, 102 million mthly users. the number one most popular social sitis twitter. about a quarter of a milon monthly user's, a quarter of a llion has to be wrong. must be a quarterf a billilion. t's hope it isetterhan the facebook i. we left out tumbler which has hundreds of millions. is to gnt. you get the p point. late in the show, our legal panel debates whether unpaid interns are protected under the law when it com t sexual harassment. next, we answer the question how do you d that? we wl tell you the best ways to get along with church at work. even if you guy seem to hav nothing in common. ♪ it's arowi trend in business:
9:23 pm
do more with less with less energy. is helping ups do just that. soon, the wod's most intelligent servers, designed bhp, willive ups over twice the performance, ing forty percent less energy. multiply that acrossver a thousand locations, and they'll prove the same benefit to the environnt as over 60,000 trees. that's a trend we can all get behind.
9:24 pm
you real love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker [ woman ] i wanna be a pie maker. [ man ] i wanna be ailot. [ wan ] i'd be an architect. what if i told you meone could pay you and what if that rson were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
9:25 pm
dennis: are diffult co-workers making a tiny office harr th it should be?
9:26 pm
♪ dennis: class in with your co-workers. we have all had to go through it. working with jks that can tu your job into a personal hell. and always easy to dea with census can be quite an uncomfortable situation. here it with expertdevice on how to handle it, and our best communications expert. thank you for being with us. coming communication errors that lead to jerky confrontaon. lack of specificity in what you say, lack of respect for rebuttals, lack of focus undesirable behaviors and lack
9:27 pm
of immediacy. as second chart, a lot of what happens is is better communication is needed. >> a lot ofisunderstandings, misperceptions. e first one at the top is lack of specificity. and the easiest way to describe this is the phrase as soon as possible. what does that mn? deis: almost nothing. >> it is one of the most common phrases and work places today. u say that to me and i think you mean, you know, nextue my schedule. but youantedy 7:00 tonight. dennis: something about posture. andhis is your translation for some peoere just a jerk. lack of appropriate tone and body language. saas rsing your voice is somebody when you're upset. dennis: can't get just the being in panic.
9:28 pm
dennis: are we being aittle precio few back the fact is people goi to let fact -- /. >> poor customer service. a final like you as a co-worker in need you to get something for one of m customers and he ll back, that impacts customer service. if i have a good attitude and am in a better worknvironment is causes turnover. and goi to turn over and get of tre dennis: trust. >> trust is t foundation of everytng. - final trustee of my best interests at heart are you will follow through on last year due, not a contest to do athing. dennis: how important is the a of apology i dealing with coorkers? >> it i huge, with t apology has to be scere and we have to believe in it. if weon't address taiwan lieve the apology rather. dennis: the solutions tohis co-worr conflict.
9:29 pm
>> we have to teach people how to communicate to influence in positive way how to confront issues directly, probably, t also respectfully. dennis: juste not so much of a a reading to a point society because i work with younger co-workers. this will do with an all. suddenly thehey are so does gosh.cted feeling like, oh, my i'm justrying to gethe best work. are people too sensitive? >> yes. there is balanced. there is pendulum that we have to walk. absolutely, people can be sensitive. ellis self-esteem and our society which is an epidemic. and so -- dennis: close of this team? was a it is the opposite. a bunch of people who are way too arrogant to have never received anything. >> that is all interrelated. @%re absolutely right. dennis: that is amassed they put on. >> just like bullying. bullng is -- dennis: based on insecurit
9:30 pm
aubrey this is driven by insecurity. i fear failure and work a lot rder. >> and that is where the balaes. some of usut it toward gd use and bowser bavior. others negative ways to get it. dennis: overall apologies are impoant. nicer, watch your town, once e body language. >> and be more specific and as fo what you want. ddnnis: like this idea. that was my new year's resolution. i will start asking more people for what want. so far they ke saying no. thank you for being with us tonight. coming up, and mourning for all of you bond investors. and an unpaid intern sues the company that she volunteered for claiming sexual harassmt, but is it legal? our nel of experts wil
9:31 pm
nearly 1 billion people around the world don't have enough food to survive. we can't let this happen. there is something we can do about it. please join christina aguile d yum! brands in t movement to fight world hunger by supporting the united nations world fo pgramme. to donate go to hungertohope.com or make a text donation right now. your contribution will feed children and save lives. together, we can stop the dying and start the living. and tother, we can move people from hunger to hope.
9:32 pm
9:33 pm
♪ dennis: smart tool -- here yes, gerri willis. dennis: working for company free ofharge in the mini your employ has the right to harass
9:34 pm
you? the controversial ruling made by a federal judge in new york last week is spaaking some outraged. judgeuled that unpaid interns and a protected. the human rhts law. they cannot sue there employers agai sexually aroused. should an unpd intern is protected. joining us with oulega panel, an employment lawyer. and aoxews legal analyst. you know, any time we come up with anntern and harass and sexy wind up thinking about all bunc of thing in recent american history. where do you guys fall on this? >> legally ass reprehensible as mrs., horrible case where a woman was groped a promised a job and after she disappeared in thegrand hotel she lost the job so it was horrible. legally the judge got a right because she is not a employee. that can be changed to bar right now employees a not protected like that.
9:35 pm
>> i think the judge gott wrong. under wage and hour laws, there have been cases of interns you were providing benefit to e employernd therefore shoulde paid. >> but was not being paid. >> but they were able to ultimately be paid becse there were benefiting the employee. she was not going out and is making coffee and cocktails. she was doing real work. dennis: you wld have gone about it in a different way and ying she is aefect to hourly employee. >> tt is correct. however, if you just want to have a l that says straight up in turn should be paid that is a great idea. dennis: you will have a lot because a lot of people won't hire tm. thatat ishe beautyfnpaid interns. you bring them in and do not pay them. dennis: they don have to worry about the same litigation possibilities the budgetith full-time employees. >> that isxactly what the court is saying.
9:36 pm
i think that is wrong fm a moral standpoint. from a legal standint aware that the law is now, that is correct. >> first of all, she is still have an assault and battery civil suit. under criminal charges against keating wrote. second of all, the employer, says h is hh on the totem pole could turn the employee with his actions and bnvolved in negligence supervision cases. [inaudible conversations] >> my point was that iff you are high enough in the pecking order your actions could bind the employer. >> told the employer liable. >> yes. right. and interestingly enough tissue or an employee and this happened a work the employer could have a defense which is that it should be dealt with by workers' compensation. she is not an emmloyee she could have a case le that. >> so she might be better off.
9:37 pm
>> and employ you. >> that's right. >> a worker that comes in every day. they don't cnt as an emploe. >> the most famous aurn. and there were unpaid. only the unpaid interns were there. she was the one that brought the pizza immolated night. >> thais all other story. as i said before, if you are doing coffee, bringing me coffee , helling babysit for the boss's daughr,hat is not a benefit to the employer. denn: quick ftnote question. this yr and woman, 42 or 23, she did go to the boss is the tower room. if this were a full-time employee of theompany payroll sexual harassment case, would it be a mitigating factor that she had willingly got to?
9:38 pm
you cannot blame. would be wrong. >> she was afraidhat if she did not go. >> i cameown to quit pro quo. you ce to the tell, do what i wanted to do the family g this job. shsaid no. does not her fault. >> soon after she did not get the job? >> exactly rht. she sued after she did not get the job. she was promised a job and did not get it. dennis: if she had donthe job she might not have sued. >> if she gothe job surely would no have sued because you'd be happy she had the job. dennis: of five suing for asman and got the job doesn't that mean if i want to take the job st not think the harassment is that bad? >> you can look at it that way.@ that part of the case, she was not hir because she complained about it.
9:39 pm
>> the point is if he had taken the job she wouldot be suing harassment. >> you can still sue your employer. happens every day of the week. soone is there, andappy, deed a promotion, denied a good position andoup. >> it would not have happened if she t the j. dennis: there is something -- i know. we are just going toeave it right there. thank you for being wh us. a wonderful job matching t drs to the eyes. professional consulting. my time. >> all right. hanks a lot. wh we come back a look at how you can pose so the online and have dispeared. and with big-name companies dropng in treasury, is this a sign of where the bond market is headed? will we looking out for you a your gerriwillis.com next. ♪ it's as simple as this. at bny mellon, our business is investments.
9:40 pm
managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investmentnt magement combined with investmt servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. customer erin swenson ordebut they didn't fit.ne customer's not happppy, salego down, i'm t happ merch comes back,'m not happy. use ups. they make returns easy. unhappy customer becomes happy custom. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i orded another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love listics.
9:41 pm
9:42 pm
9:43 pm
♪ dennis: this function is alive and well in washington d.c. tonight. you need that. none has come up wiih the deal to reope the federal government , hammer out a sensible spending plan are deal with the debt. the only thing they seem to agree on is to keepn talking meanwhile the rest of us in the whole econo waseld hostage by the situation. when will all of this come and have an impact on your money president and founder of into a portfolio strateeies and author of the buck he correctly forecast the realstate collapse in 26. how does it relate? >> youriving in the twilight @%ne. if they d not raise the debt ceiling in washington d.c. and we have a balanceas a minute
9:44 pm
however,f we raise the debt ceiling in extending credit card limitthat is the correct thing to do and fiscally irresponsible. i have no idea what is going on. dennis: what is the right approach? split that they before us. the amount of the deficit growth under t the increase in nominal gdp. we will somehow someday be able to bail out the deb dennis: rewind that. the way to do it is? >> if that perceage issgrowing and lessuick rate than the inease inominal gdp, that
9:45 pm
debt as a percentage of gdp would be falling. the best tng we can possibly the biggest t already have 17 trillion i debt and consistently pass the entitlement program. n we have a premium support for 20 million individuals who cannot afford hlth insurance. i wonder wherehe money will ome for these people. over two and half trillion. when we going tooplacate our creditors anlet them know that the united tates government will never defaults. the onl way that we caa do that is to bring down our deficits.
9:46 pm
i cut the deficit in half since i ook office. >> the deficit in 2007 was under and 60 billion. because it went to one-half trillion. at a single year. >> i am not blaming the obama. dennis: i am. >> i am blaming w. obacare into a recessionnd depression. it is noalways fall. you cannot sit therend say happy days are here again. look at us. we are fiscal conservatives. the deficit is $750 billion. dennis: we are happy about it. >> a un have to worry about anythi. the deficit is up tremendously from mary was. dennis: did not read a recent headline coming 8% of governmen ending is on automatic pilot.
9:47 pm
we let people being categized as unabomber's. we have to do something about entitlemt proams. we don't need to add to entiement pams. we need to fix the ones you already have. you need to spend less i'm social surity, but now we're supposed to believe that this gridlock in d. is going to lead to a grand bargain. am i supposed to believehe democrats are going to dismantle social security in all of these retirement programs? , supposed to believe ty will embrace on mass useax increases on wealthy? it is not going to happen. the best thing is a small deal
9:48 pm
with it will save face. they reduce the tax. we cannot go home and celebte th fact tt we areareening toward insolvency. dennis: until the next crisis. we have to wrap. just checking. when you sai that the tea party is america's answer our he. you were not being sarcastic or ironic. yomean that. >> i le the tea party. as i've country's best hope. >> they want to balance the budget, strengthen the currency. now you arereated, these people i know, like i said. dennis: they have been characterized as such almost by our own preside.
9:49 pm
one last note, one reasothat we have not yet had a crisis, every year we have been paying about $360 million in interest costs. bacally identical to what it was ten years ago when the debt was malo the far smaller. thank you. we have to go. thank you. appreciate your me. >> thank you. dennis: that was a lot of time. you got plenty. >> let's go another segment. dennis: take care. still to come, we will look into e newestre i social media. the tempura web, when information disappearsfter only seconds. it's a growing tnd in business: do more with less with less energy. hps helping ups do just that. d's most intelligent servers,
9:50 pm
designed by hp, will give ups over twice the performance using forty percent lessnergy. multiply that across over a thousand locations, and they'll provide the same benet to the environment as over 60,000 trees. th's a trend we can all get behind. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm justeally reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel tt in yr mules? i do... you feel tt indrink water. it's a long story. well, t havi branches let's us give you great rates and service. i'd like that. a new y to bank. a better way to save. a neally bank.k. your money needs an ally. dennis: coming up in a social media is here to stay, but do your messas have to
9:51 pm
9:52 pm
9:53 pm
♪ dennis: on the internet the rule of thumbs that nothing ever disappears. but new applications are trying to do just that marries the messages, photos and seconds, and a hot re in social media. with more on thi a principal in u.s. advisory innovation leader with the w.c. price waterhouse coopers. maybe that is whathey are funding as. thank u for joining us tonight. a nice new airaft. usually when i see this guy he is absentinded professor it needs a haircut. plainhis theemporal web. >> the idea that people don't always want everythin out there for the restf their lives.
9:54 pm
when the internet for started out the deal was everyone to have everything woull be added together. after that happene people started to realize there wer some things they wouldike to take off. on the dimension of privacy about timthe control which is where we are starting to see it happen. dennis: was run through a few examples. you have a show. snap chat lets youend photos with a catch. >> absolutely. founding with th idea that you could take a picture of video d send it to a frien and again last awhere from one to ten seconds and it is gone. not about beingpon the web for ev, but viewed by an individual and then not there anymore. dennis: this message will self-dtruct. >> exactly. ththg is that a lot of people say that this generation does not care aboutrivacy. they do. they're dimension of privacy is different. they want to get temporary in the new world which he goes
9:55 pm
privacy in control because ivacy dennis: interesting. e problem, let's see sign up for a pho number that you use for a day, an hour, we, and then you burn eight and eliminated. this guy was sayingo me that basically one thing is tha people want to have authentic of versace's with each other, free exprsion. the second thing he says is that the more mobile we get, the more advertising marketers come after you and try to gets to you the molly actually sk protectn in inflation ay from it. >> i cou not agree more. you jeopardy for pple to be able to conol the environment you think about what will get meased and managed. you take a look isssomething likehe self driving a car. an unbelievable amount of informational, whether it's coming from the bill will oralitor tesla. we will see more and more measurement. i totally agree. his product is very interesting product. let's say you happen to have an advertisement out there, a date
9:56 pm
site. the idea of being g ableo control and tha it be temporary. that is the new privacy. >> anonymity. th weend to you. >>ood to talk to you. dennis:ho and sweet but intelligence that guy is quite brilliant. we will be right back with the answer to our question of the da is the government ought to destroy j.p.
9:57 pm
9:58 pm
um... where's mr davis? she took an early spring break thankso her double miles from the capital one venture card. now what was mrs. davis teaching? spelling. that's not a subject, right? i mean, spell eck. that's a progr. algebra. okay. persons a d b are ying to the bahamas.
9:59 pm
how fa will they get there? don't you need distance, rate and... no, l it tes is double miles. [ all ] oa. yeah. [ male announcer ] get away fast with unlimited dble miles from the capal one venture card. you're the world's best teacher. this is so unexpected. at in your wallet? e $19 billion, jpmorgan haa rare loss in the thirdquarter. is the government outo destroy the big banks. we azlan gerriwiis.com. tt is ever tonight "willis
10:00 pm
report" have great weeken we will see later. ♪ ♪ ♪ >> president obama within the confines of the white house. apparently he is waiting for the republicans to say something that he likes. will they? was all of this really worth it? day 11. am lou dobbs. house republicans passg a funding bill without any coit

157 Views

info Stream Only

Uploaded by TV Archive on