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tv   MONEY With Melissa Francis  FOX Business  November 20, 2013 12:00am-1:01am EST

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as long as they sort of communicate to the economy to the market, what they are doing. they already have, we've seen in may. back to you.k it is going down >> time for france franc -- melissa francis. melissa: in this era of megastorms and natural disasters a new concept in the work that could change aftermaths everywhere worldwide. it is an amazing break through you haven't seen anywhere! even when they say it is not it is always about money. melissa: electricity without wires, not underground. no wires at all! can you see it? think about this. every disasterous storm from the severe tornadoes out in the midwest to the typhoon in the philippines to hurricane sandy, they all end in massive power
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outages. that is the first problem to tackle but a revolutionary concept could change everything we know and be a worldwide break through. gregory reed is the director of the electric power initiative at the university of pittsburgh. gregory how does it work? >> hi, melissa. you're absolutely right. in the aftermath of everyone of these natural disasters or have natural disturbances in the power network we realize how dependent we are today in modern society on electricity. so we need to do a better job of improving the resiliency of the our electrical energy supply and our electric deliver. so wireless technology is something that is beginning to start as a possible futuristic application of how we move electricity. you know, throughout our electrical networks. how it works is, is essentially by, by, magnetic induction, using magnetic fields in the air to move electricity wirelessly from a transmitter to a
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receiver. melissa: can you pow ear whole house a whole building? >> not exactly right now. a lot of applications and demonstrations that have been done so far really only able to move it several meters, maybe a little bit more to charge cell phones or maybe even laptop computers. some of the research is developing more towards being able to charge an electric vehicle for example. so right now the power levels andoltage levels are at very, very low capacities compared to how we use electricity today. melissa: there are some amazing applications for this. you talk about heart pumps, that there are wires, if you have an electrical heart pump within your body, wires are used that can cause infection, cause all kinds of problems. we can get rid of that. >> right. melissa: you spoke of laptops and cell phones. there are also cars. there are military applications. >> right,. melissa: when you have robots that have gone out to diffuse a
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bomb, at love times people working on them get hit by snipers because going out to deal with a battery situation. in this case they could wirelessly recharge the robot out there. is it in use anywhere yet? >> not in a lot of commercial practical applications. a lot of what is being done right now is in the development and demonstration phases. melissa: i worry -- >> there is a lot of promise to the technology obviously. and as we look at how we build more resiliency into our grid there are other options a little more practical right now and some of that i to begin to go underground with our infrastructure and and use advances with direct current and dc technology in our control grids which will be much more practical at near term which opposed to looking for wireless which is much more futuristic long term option we need to pursue much more. melissa: one of companies working on this is called
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ytricity. works through magnetic waves. >> right. melissa: people are worried about the physical danger. are there worries as the waves pass through my body? >> not when we're talking about charging cell phones or medical applications or in what i call residential or consumer or even building type applications. when we talk about higher voltage utility-level transmission an direction of electricity then we are talking about dangerous levels. that is one of the problems of it right now. you know, some of the testing to date, where they have been able to move as much as 3,000 watts of electricity through the wireless technology, that's, that's pretty prime minister ses i have. when you consider how much -- impressive. when you consider how much energy goes through a transmission line versus one billion watts of electricity or gigawatts over a corridor, we're many orders away from the wireless technology moving in a direction where we use it as bulk transmission or
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distribution delivery. again we have better technologies today for that. melissa: what is the downside to this technology? i know when we think of you know power over wires it is always storms taking down the wires. if it is underground, it is flooding. what is the potential, you know, roadblock to this technology that would take it off-line? >> well, when we start to get, again higher capacity levels and higher voltage levels really safety involved in transmitting that much energy through magnetic induction through the airwaves. also the problem with controlling it across the airwaves as well. that's a very difficult problem to solve. melissa: we're looking at the cost right now per mile on average of distributing power. $194,000 per mile on average overhead. underground is a lot more expensive, 571,000 per mile but you know, a lot of communities have decided to go with that because you don't have the same level of disruption. >> right. melissa: i know it is difficult to estimate the cost at this point because it is such a new
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technology, but in the long run what do you think it is on par with? >> well i think it is probably, you know, quite a bit more than either of those options. i really couldn't geoff you an estimate either at this point. i think it's too early to really determine what the commercial costs would be forgiven applications but you're right about the increase in costs of underground technologies. and that's where as we start to move towards more after dc infrastructure, towards dc micro grid we have better benefit in terms of both reliability and operating underground and in terms of the cost. today our grid is based on a legacy ac three-phase system. most of the device that is we use as consumers, in our businesses and our buildings and facilities actually operate on low voltage dc. our computers, our data centers. so we he a real mismatch in our grid right now between how we deliver electricity and how we use it.
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we keep plugging everything into 120-volt ac legacy outlet. as we go underground, dc has lighter infrastructure and less expensive. so your $500,000 will come down significantly. melissa: absolutely. this is the future. we've got to go. thank you so much, gregory reed. we appreciate night you're welcome. my pleasure, melissa. melissa: as if the health care website doesn't have enough problems a hearing on capitol hill today put a spotlight on how it's a haven for hackers. how much could you lose by logging on? we have all details from inside the hear. how little can you spend to buy a house? you won't believe what banks are letting buyers get away with. get away with. should you jump in? don't go you really 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 a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you?
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♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
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>> this first example is a tweet from president obama. he responded to@lou. my pet dog bo, not really sure what he is talking about here. let's see what he was asked? who designed the obamacare website. melissa: oh, boy. here is something youan add to our list of health care hazards,
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hackers. we knew the obamacare website was expensive and ineffective. a hearing said it's a prime target for hackers. initial reports claims the website is hit 16 times by sigher attacks. experts say it is way more than that. >> the talk of this attack only happened 16 times, that the website is only attacked 16 times is not possible. the attacks that happen are so frequently used and so frequently done that means there is not much detection capabilities on healthcare.gov. melissa: congressman bill johnson participated in those hearings. he is here with former white house chief information officer teresa peyton. thanks to both of you. congressman, let me start with you. what stuck out today about the hearing? >> what stuck out to me is that mr. chao admitted in our hearing that the security control sessments that were supposed to be done had not been done and when he was, when he was questioned on why they weren't
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done. he didn't have any good answers. he keeps talking about the fact that they're going to be done. you know, you can't mitigate the risk of an information system of this complexity and magnitude in the future. you have to do it as you're building it. so that when you go live, you, you eliminate those security risks. it boggles my mind they talk about a mitigation strategy as simply having a mitigation strategy. mitigate is a verb. it means that you fix things before they become seriouslissat information is on there that the average person should be worried is getting out? what are hackers going after? >> first of all i have had more questions than answers. so based on some of the answers i heard today, i'm very alarmed. and one thing that we know, we heard today that if you accidentally type in semicolon, instead of a period, you will go
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to a fraudster 's website. that is known common practice of cyber criminals that causes me great concern they didn't think about that in advance. >> how do you guard against that? as somebody who is an expert in this, what should they have done differently? is it easy to protect against that? >> it absolutely is easy. you use user acceptance testing to do all the things we're doing stuff. we're on tiny screens sometimes on our mobile devices. we're in a hurry on our security. you act like a real user and you break the system. the second piece is, you bring in ethical hackers and you ask the security experts to break the system and you ask the professional advice, would you turn this system on to the general public with these vulnerabilities open? and it looks like those two things have not been done. melissa: congressman what is your impression from the hearing today? were those two things done? >> absolutely not. they were not done. i sat right there during the hearing and typed in a semicolon
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and i showed mr. chao that concept called, sequel injectors and how they could be used by hackers to break into the system. and didn't have any good answers. this is exactly the kind of thing like miss peyton said, that would be found in, in a really comprehensive security control assessment and testing the system and acting like an end user and trying to break it. that is not what has been done here. melissa: especially these days when its so obvious and so expected if you have a website that has valuable information on it, it is growing to get hacked. teresa, let me ask you, there was an expert earlier on fox news channel that did a secure google search and was able to come up with the names, i think we can show it on our screen, was able to come up with names of people who had gone on and registered for the site, their full name, the time they had done it. what had gone on, just by doing a google search. that is bizarre to me. how dangerous is that? >> it's very dangerous.
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we know that hackers have been waiting for the right opportunity to get at americans information to do identity takeover. and we should have been testing this. we should have been doing use case scenarios before and after the system went live. the fact that we have people who are, just trying to act like the customers of this system, showing us we have these vulnerabilities without very techie testing is absolutely scary. melissa: so congressman, what do you demanding now? what's the fix? >> they have to go back. first of all i maintained from the very beginning this website can not be fixed. i can tell you in my 30 years of information technogy experience having developed an implemented systems of this magnitude, the problems were created at the very beginning when the requirements were defined and the design and the development stage. we found out today that some 40% of the system has yet to be
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built. and yet they continue to assert that security is fine. well it's not. these sequel injection techniques that hackers use, it is one of the most common ways breaking into systems. and our people, the american people are seriously at risk. melissa: theresa, do you agree with that? can this system be fixed or does it needed to be started over from scratch? >> while the white house is hitting the reset button on obamacare just in general i think it is time for us to hit the power off button on the system. at a minimum we need to get a list of the security vulnerabilities, take the system off-line. fix those vulnerabilities before we bring it back online. we need to do it now while the information in the system and volumes are lower. it's very difficult to change this as the volumes will get higher, and we know they will and more data is housed in the system. melissa: congressman, do you think all the publicity surrounding what a mess the website is and how hard to be
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used made it more interesting to hackers? >> certainly has drawn their attention to it. that is why i've been intentionally vague here exactly how to go back using those sequel injectors although i'm sure hackers paying attention know without me telling them but i certainly believe that hackers like miss peyton said, that are looking for ways to steal identities and rip the american people off from their personal finances and other private information, you can bter believe that they're looking at this as an open door. melissa: yeah. what a mess. thanks to both of you. we appreciate the information. >> thank you. melissa: from the u.s. to every corner of the globe money has been flying around the world. today first to russia. the doping lab for the sochi olympic games is about to be suspended. if it doesn't make seth changes in the next two weeks. the ultimatum was handed down by the world doping agency which said the lab need to quote, engage independent quality
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experts. the russian sports minister says they will comply with the instruction. that would be good given the moss moscow lab affiliated is only fully accredited testing center in russia. next to japan thousands cheered in the streets as she is the first female ambassador to japan from the u.s. kennedy traveled in a century's old horse-drawn carriage. this starts the official start of her duties. landing in greece, good news for the greeks. officials there say tourism revenues will rise 13%, to a record $17.5 billion in 2014. that could help the country emerge from recession next year. greek hotels an restaurants are slashing prices. seems to be working. there are also fewer protests in the streets. you know that helps as well.
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up next, just when everyone wants to know how to buy house with basically no money down, it is happening again and big banks are behind it. you need to hear these details. plus another new controversy for walmart. the company pays employees more than minimum wage so why are workers complaining? everyone is talking about this one today. stick around. do you ever have too much money?
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melissa: buying a home with practically no money down, who doesn't want in on that one? sounds familiar doesn't it, maybe not in a good way? some banks are offering deals that sound so good you have to wonder how soon it will be we're looking at another mortgage mess. greg mack bride, senior
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financial analyst for bankrate.com. i feel like i have seen the movie and it did not end well. >> it did not back in 2005 and 2006, the anything goes day, ninja loans, no income, no job. this is different player. melissa: not quite the same thing but still 5% down. i thought, i bought a house after the whole mortgage crisis unfolded. it became 20, 25% down. how did we get to five? >> we had for years after the financial crisis we had big gulf, 3.5% down for fha down or 20% down. there was virtually no middle ground. what you're seeing now thatome prices are on the up swing they're filling middle ground where there are lower down payment options, 15, 10, 5% down. not as long as home prices are rising. rising home price gives the lender additional problem of safety. if the home standards get loopier and loop ier that is what happened last time.
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melissa: feels like that is the direction we're going in. why would we not see that it is coming to that? >> we'll see. that is the test. as higher the prices go if we start to see standards get leaser around looser i will be first one on the show to say look, there is a problem. we're seeing something frankly i expected for past couple years. that is once home prices bottomed and start to move the other way. now lenders or investors, government gurantors whoever is on the hook start to feel more comfortable. melissa: you say who is on the hook, bank of america, wells fargo, they are out with 5% down. the reason why with they're able to do this which means it is backed by the government and backed by you and me and everyone in our audience. >> in many cases yes. the larger jumbo loans do not carry a government guaranty, in cases like this underwrite something more stringent. you have to be existing customer the bank to even qualify. even now lenders are not looking to take a whole lot of credit
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risk or put a whole lot of risk on the books. instead of plunging into the deepened of the pool, they're dipping their toe into the shallow end with customers they know and people with higher net worth, low incomes, debt ratios. dotting every t on the underwriting. they don't want to be on the hook lateer. >> who is eligible? sound like if you have a relationship with the bank you can get in on it. td bank is always looking for more customers. seems like it may not be that hard to get this done? >> at this point it is still pretty selective? as sometime goes on it will be more widely available, interest rates go up and refinance activity is waning, now you have lenders they have to drum up business on the purchase side. it becomes more competitive of the that's where you start to see the offers. melissa: is there any reason not to do it? i might say, well the bank may be an idiot and i will take it if they're offering it.
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is there a danger? >> with small down payment, you're at odds with any quick move downward on the price you could find yourself underwater. and so little money equity in the property makes it difficult to sell. those were the dangers. people that got in with little or no money down, when home prices fell sharply and they were deeply underwater and walked away. melissa: that is the real danger. if you're underwater i don't know that you really care in the sense that you walk away if you're not reputable homeowner. >> if you're under water by a few thousand dollars, you've got a problem. if you're underwater by $100,000, the lender has a problem. they say, i give up and walk away. people slightly underwater were out there. kept waiting to payments and home prices to rise and right size the situation. meantime for any years they didn't get help on things like refinancing. melissa: those were folks that loved their house and wanted to stay in it. greg, thanks so much. >> thank you, melissa. melissa: next on "money," walmart is raked over the coals
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again. should it be vilified for trying to help employees with food donations for thanksgiving. tweet me. tell me what you think. it is today's money talker, let me tell you. "who made money today?" she is probably glad the housing market is as hot as it is, because she is building up her fortune anyway. keep watching to find out who it
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melissa: so far i got to tell you it has not been a happy holiday season for walmart, defending everything from pay to s decision to stay open on thanksgiving, now a walmart in ohio set up a food drive soliciting donations for as employees from i employees, it was meant to be a gesture but it is causing outrage, it is today's money talker, our panel is ready, rich.
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why is this such a bad thing? they say give to your neighbor. >> clarity is not is upstute for a pay -- substitute for a pay check. melissa: they are getting paid these are employees. >>, earnly not enough. it is not right, people of properly outraged i think. >> i think this is a pr fiasco. but let me address this, not everyone who works for walmart is a low-paid worker, in spirit it is a good idea. here is my gripe. walmart, sells groceries, why don't they give the people the groceries instead of asking employees to donate. >> give a turkey or something. it is a pr fiasco. where there is smoke there is fire, so many complained about this place, what it has done as far as paying lower wages.
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melissa: that is not true, that is not even accurate. the average walmart associate makes $12.87 an hour. that is higher than average retail worker makes thers $11.3. >> but if you have the reputation of being a low payer and you get this negative publicity, don't throw gasoline on the fire. >> let me say this about the low paying jobs, they are unskilled workers, they make almost $13 an our on the average, you don't have to have a high school education, businesses set salary based on value that job function gives to the company, i'm sorry. >> it is more than a pr disaster, this is a disaster of folks who cannot live a living wage on walmart -- number 2, any
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number of ceos, this idea they are paid according to value because they quote, unquote did not have skills. any number of ceos are paid out size. >> there are a lot of seniors hired there, they are due that pay, better pay as well as veterans coming. melissa: no one is forcing anyone to work at walmart, 1.4 million people working at walmart, what would they be doing if they were not working on walmart, no one is forcing them to work there, that is what entry level job is about. you go in, get your skills get your paycheck, move up, move on. your paycheck, move up, move on. nobody is putting a begin to your head to say in that job.
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>> we know people who worked in walmart who make minimum wage. not case you can get out go out get a better job. in this economy -- >> i'm say going out, work your butt off and improve your skills. >> they do work their butts off, i shop there i know, i'm going there are in a flat screen. on thanksgiving, by the way, that is another one. >> they are making them work on thanksgiving, oh, moi gosh. >> they get holiday pay and a dinner by the way. >> that institution is large enough, as you said earlier, they can go ahead and donate groceries and turkeys, don't ask your oth employees to give to your employees who are not doing as well. melissa: that -- >> we all work agree. melissa: this is one store, somebody ment well with this but it of a disaster. why is walmart the whipping boy? they pay above minimum wage.
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a lot of other stores pay less, starbucks is trying hard to unionize their workers, they have unions inside they pay on average $7 to $8 to their workers, it says on their web site, percentage of workforce that receives healthcare is lower than walmart, so why does walmart get so much attention. >> they are not a whipping boy. walmart we know with the $7 milon they spend on corporate buybacks can afford to pay their workers fair wage. >> if they were not working at womb they would receive -- they would receive more service from the government. >> we are subsidizing them. they are not paying its workers
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fairly. >> can walmart afford to pay a little bit more? can it afford to do more? i think they can. they are doing well. but they can do. melissa: they are paying way above minimum wage. do you not hear me? do you not care? >> melissa, another reason they are the whipping boy, not just for workers, it there was company and their economy if they invest in their workforce these people would spend on necessities of life they need, it would have a mull plier affect. melissa: where is personal accountability in all this? >> the workforce at that type of labor? it is call in sick, they don't show up, they are late. >> give you last word. >> political fo faux pas to put
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baskets out. it is wrong, it is tacky. melissa: we appreciate your spirits debate, happy thanksgiving. up next healthcare hits, moving through the generation, colleges cutting student plans. is there no end in sight? the end of the day. it about money. woo!
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melissa: just in case you think you heard all about health care cancellations, rest assured they just keep oncoming, another wave hitting students on college company uses. frustration is spreading as schools debate cutting coverage all together. or jacking up rates, with me is james freeman with "wall street journal" and jim boyle, college parents for america, james to you -- you are surprised --
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>> no. >> by this? >> no. melissa: from from $100 a year on $1800. >> this is not a glitch, this not an unintended part of the roll out, that was the plan. we have been trying to warn people for years. this is the point of the affordable care act to push people into the exchanges. out of the other plans they might like, out of the low-cost plans into the federal government echarges. melissa: jim, is this something we'll see at colleges, you know across the country? are you with us? >> yeah, can you hear me. it is a slow-moving train wreck it has been in place for three we're, college health plans in general have been pretty bad with very few exceptions. the problem is that colleges and universities in general do not
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accept outside insurance. they do not process a claim from united or aetna, most of them are not set up process claims from the exchanges. it will be a mess. the students who get exchange plans may end up trying to use that insurance at the compan cas health center and be told we have not set up that system yet, here is a form to send in. melissa: james that is a disaster i did not anticipate. he said, if i show up at the health center my insurance will not be good. that hard to imagine. >> this is the obama argument as well on all he is killing, they were good i'm sure for some people given you are talking about a young healthy population. is it like the mcdonald's plan that we're going out, is it
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everything someone would'? no, is it what can be aforrable and might work for workers in a certain situation? you know, the ideas is what you want to move toward, the diversity of plans not the government exchange. melissa: jim, 9 schools in new jersey, annual cost of their policy was $1,000. it is tripled as a result of this. original plan you say they were not good. it sounds like they were catastrophic coverage only, that is what the student probably wanted since they are healthy young people. >> the problem with them, many had very low caps, $50,000. and so, they were not catastrophic, some in a sense if you really had manag something y bad happen you can blow through that money quickly. the issue is that new plans are getting slightly better, but they get a lot more expensive.
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there was no communication to college students that it would be the case, there is great irony, on college campuses where president obama went, repeatedly to drum up support for his affordable care act, and students cheered. but, now it is coming home, they are not going to benefit from it. messa: james, you could stay on your parent's plan until you are 26 years old, unless your parents cancel. >> yes, that i want to keep supporting kids into their 20s, that is not a solution. this is the obama era, how terrible for the core voters younger people, no jobs, no insurance. >> is that long-term solution? is there light at the end of the tunnel for college students.
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will it still be more expensive than the past? >> i think if nothing else,,the exchanges will force the college and universities to connect to outside insurance. they have been dismissive for decades. melissa: why is that a good thing? >> at least then they can process those claims. and gets revenue for the health center, so they don't have to raise the fee. melissa: i don't think that students care about the revenue for health center they ce about how much it is going to cost them, when my college bill came, the health bear was in there -- he'l health bill was in theref you jack that up, that looks like my cost has gone up dramatically. >> a new source of revenue is from the insurance companies with whom you already have a plan. if you are not able to process threw the insurance companies, then you are -- the fee has to go up, the revenue comes from somewhere, you end up paying
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issue as a student out of pocket. if the claim can be processed they come in network with health shares that is a new source of revenue are in health centers. >> i think that the reid mod sell that -- real model. the individual market, this law is destroying. we ought to be thinking about allowing people more flexibility in plans, you saw private individuals solves the problem until obama care. >> thank you so much. >> next on money, the drink that does not get you drunk. >> we have the guy behind the bar, you can never have too much money.
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melissa: it is time for pair change. wouldn't you be wil willing to y for a healthy cocktail that gives you warm and fuzzy feeling of alcohol but none of the after effects at all, one of the benefits you can take an antidote pill to sober up in minutes. that become in handy, joining me now is the professor, thank you, tell me, how does this work? you drr drink a beverage, it wos on the centers in your brain that create that drunk filing but does not make you fila gressive or cause addicttion. >> we have i did secured out -- dissected out the targets of alcohol in the brian, we think target the part thatf give you
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the good feeling, relaxation, and social ability but not the bad bits which cause addiction. it is a safe alcohol, it does not only make you feel good but does not damage our liver or your heartike alcohol does. melissa: do you stay drunk? >> no, it works alongs same time course as alcohol. you have an affect for a few hours, but should you drive, you wanhome after the cocktails, you take the antidote, and you can drive home after 20 minutes. >> it is remarkable, you are intoxicated and you can wake up in a space of a few minutes, i gave a lecture actually after
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being rather drunk. melissa: wha what is the down s? >> we have not got it, science has just gotten to this level, i don't thi there are any down sides, there are enormous upsides this is where modern pharmaceutical science can take an age-old problem, which is the toxicity of alcohol, many who drink like it, but many become addicted or suffer heart or liver damage. let's use your science. >> why does it not promote addiction. wouldn't people abuse this, if you could be as drunk as you want then sober right up? >>, addiction is complicated, most people who drink did not get addicted. there is something different about the brains of people who
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get addicted, a side in the brain where alcohol works excessively with these people. we can take out of the new cocktail activity in that part of the brain, and leave the pleasure centers or they will make you sober able and relax -- social and relaxed. melissa: you owns right to this, this seems like a billion, trillion dollar investment opportunity, do you own the whole thing? >> well, we own the intellectual property, since i went on the radio in britain's week ago, i had about 75 investors, many in u.s., trying to g interested. so, empirial college, who i work for, is setting up a company to take this through, we're looking for investor ams, and we're ple? you had 7500 calls? have you taken then onboard. >> we had 75 not 7500.
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>> sorry. 75 expresses of interest from some very big companies that are in similar fields like electronic cigarettes in a way, what we're doing forral coho all hol similar to the edig gretz. melissa: how far from market? >> well, i've been working on this for about 6 or 7 years but never had real funding, but now i have the offers of investment, i think within a year or 18 months we could be field testing it. melissa: wow, david nut, thank you so much. >> thank you. my pleasure. melissa: who made money today? inhaling home improvement, and carting off a lot of cash? you can never have too much money. ñ@ç@çpçpçpç÷ñoxmhmhyhy
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it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you... at's in your wallet?
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melissa: whether it is on austria were mainstreet, who is who made "money" today. encouraging americans to spruce up their homes. that goes very well for the home improvement chain, raising its 2013 forecast for the third time this year. and it's third-quarter earnings. helping the stock rise 1%. and she nailed down the $420,000 today as the ceo, trying to raise money. on bargain bargain-basement ticket prices. the democratic national committee is slashing prices for a high dollar fundraiser in san francisco next week. according to an e-mail sent to the donors, the dnc laid out an exciting new update, which is
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that tickets that were a thousand dollars are now just $500. i guess you have to give props to the president for a buy one get one free track. and hoping to hold onto their money. teresa and tell from the real housewives of new jersey. the couple was slapped with more federal fraud charges today, taking the total to a very impressive 41 counts because the new charges each carry a maximum sentence of up to 30 years in prison and a million dollar fine and i think that 30 years is a little scarier. and the added charges are piling on by the fed. that is all be happy you and i hope you made some "money" today. tune in tomorrow when marsha blackburn is back. we are going to get a firsthand information on obamacare from the woman leading the charge. that is at 5:00 p.m. tomorrow.
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thank you for joining us. "the willis report" is coming up advertisement from starvista entertainment and time life. these are the country hits we remember. played on jukeboxes across america. (charlie rich) ♪ and when we get behind closed doors ♪ (glen campbell) ♪ i am a lineman for the county ♪ ♪ and i drive the main road (kenny rogers) ♪ and she believes in me ♪ i'll never know just what she sees in me ♪ from glen campbell to kenny rogers. from patsy cline george jones.

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