tv The Willis Report FOX Business March 25, 2014 5:00pm-6:01pm EDT
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gerri: hello, everybody, i'm gerri willis. right now on "the willis report", who is paying the most income taxes? a revealing look at what age bracket is paying the lion's share. also a new report on how many companies were notified by the feds about cybercrime but why weren't consumers notified too? how do you do that? spotting a fake rolex. we're watching out for you on "the willis report." gerri: welcome to the show. it's great to have you here tonight. we have new details emerging about what gm didn't tell us
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about the ignition switch that cost 12 lives. engineers saying that they knew the cars with the faulty ignition stalled out but they believed at the time the vehicles would be able to safely coast off the road. how could this have happened? here with more, senior analyst at kelley blue book. alec, great to have you here. so now we have gm managers saying they knew of the ignition switch problems on the 2005 cobalt in particular could disable power steering, brakes, airbags, even as they were launching the car. what do you make of that? >> yeah, i think it is really unfortunate to learn that we hope these companies like gm that are responsible for putting cars on the road we're going to drive to and from work to pick up our kids from school they will be safe to be on the road. clearly there was a lack of communication somewhere along the chain that just is a little bit unsettling. gerri: i want to read to you a statement from gary altman we have. he was a programing engineering
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manager for the cobalt. he said, we sold vehicles for many years without power as sis and the car was manueverrable and controllable. we've been through that many times n fact looking at this investigation to look at the car to make sure it could still be yield. sew says, you know what? we knew what was going on and we thought it was under control. what do you say? >> yeah, i think you look back to cars in the '60s, '70s, din have power steering and power brakes, sure people have done this before. that is not true. if you're driving a car out there at on the highway at 80 miles-an-hour, power steering goes out, car shuts off, you're in panic. not in state of mind, power steer something out, i will try harder to safely coast to the side of the road. you're trying to figure out what is happening on the spot. so that excuse doesn't cut it. >> gary said was asked if the company made a business decision not to fix the problem. he said yes. is that advisable? >> when lives are on the line
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you have to make the right decision to get things fixed. when you uncover something that could be as serious and detrimental as this turned out to be. whether or not at the time they knew what could truly happen, i wasn't there in the booed room. i couldn't truly say. if you know the car could should off on the highway without access to power steering that is something that should be resolved right on the spot. gerri: 1.4 million cars recalled in the u.s. by the company. other big news, other big headline the location of the ignition on the steering column was also an issue. we thought you could replace the ignition and problem could be resolved and cheap part, easy to do. not the case. what do you make of it? >> thus far the recall really focused on fixing is anything itself a and not necessarily the location. to me not knowing specifics exactly what that could mean, sounds like that would mean more costly repair, something that will be a little more difficult to implement. my guess would be that mary barra and gm has definitely
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been on top of this as it come to light in the last couple months. hopefully they take a look very, very seriously if the scope of the recall as issued today goes far enough to address the true nature of the problem. gerri: she certainly had a lot to say about it and tried to be proactive about this. she was not guiding the cap when it happened. in fact when this was happening the company's bankruptcy was years away and takeover by the federal government. we kept this company afloat. i think tonight americans, they're frustrated by this. we kept this company afloat. pumped it full of stimulus dollars and this is the thanks we get? you will hide this for years? can you understand that kind of anger? >> oh, definitely. i mean i almost feel the same way. i'm out there. i drive cars out there on the road and i would feel uncomfortable if i had a car a company knew for 10 years plus that there was an issue that needed to be resolved. now again, as far as where that was communicated along the chain prior to bankruptcy,
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post-bankruptcy, you know who knows what's happening behind closed doors but again looks as though the new regime is in place and attempting to get things resolved but i can definitely understand the frustration. gerri: all the accidents, the lives lost. it is not a pr problem. it is certainly bigger than that. but two senators out today, talking about legislation to require even more reporting by the companies. there is the tread act which requires reporting but in this case it seems like maybe the law was ignored. do we need more laws or just enforce the laws we already have on the books? >> yeah, to me it seems like i wouldn't be surprised there might be loopholes that need to be closed out there but we have to rely on these companies to fully vet their products before releasing to the public. when issues are identified they will fix those before they're out there in the marketplace. perhaps a little bit of both. maybe loopholes need to be closed, additional laws that come into place. it is about enforcing those we have on the books today. gerri: alex gutierrez, thanks for coming on the show. it was great to have you here.
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thank you. >> thank you. gerri: we want to know what you think. here is our question tonight. did gm, did they lie to get a taxpayer bailout? log on to gerriwillis.com, vote on the right-hand side of the screen. i will post the results at the end of tonight's show. something coming up you're not looking forward to. tax season, turns out people in certain age groups pay more than others. are you part of this group? here with details, we have the senior vice president of the national taxpayers union. pete, who pays the most? >> those who tend to be in the age bracket of 45 years old and above. they account for the majority of tax filers right now. they pay almost three quarters of the federal income taxes that share has been shifting upward for several decades. one of course the retirement of the boom generation. they are finally getting on the cusp of retiring. also naturally people in their
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older years, say 50, 5 a 55 are at peak earnings. gerri: let's go down this point by point. so in 19976, 61% of the people 45 years and up paid the most taxes. now it is 74%. we're really drilling down on this. because the folks are in peak earnings years. take a look at these numbers if you're 55 to 65, earning 81,000 or more. 45 to 55, 80,000 or more. is it just simply a function of the earnings or is there more this story? >> in addition to the boom generation, nearing retirement, earning a little more income, just before they retire, we have other demographics factors. the fact that there are more single tax-filers than married tax-filers. that trend has been going on for a couple of decades. single filer households tend to have lower incomes. now we shouldn't discount the fact there are other types of federal taxes that households might pay.
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social security and medicare taxes affect lower income households more. they affect younger households more. and another reason of course is that there is a taxable earnings limit, about $117,000 worth of wages, and the social security tax no longer applies above that level. so there again, you see higher payroll tax burdens, the lower you go down the income scale, even after you account for some of the, so-called, refundable tax credits. gerri: so when we talk about income taxes it is obviously hitting people 45 to 55 the most. you predict the gen-xers and millenials will pay a smaller share, right? a bit smaller share when they reach those ages. >> right. gerri: how do you know? how can you see that far into the future? >> it is hard to see clearly into the future but you just look at the politics of the situation. some experts are saying well, because the refundable tax credits for low mchouseholds
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are going to be less generous in the future, they are going to be expiring. plus the fact that we have higher income rates kicking in under obamacare and so-called, american taxpayer relief act of 2013, that is going to mean that the system will remain sharply progressive. i'm not so sure about that. i don't know if the higher income tax rates are really going to deliver the revenues that experts are saying because you raise the rates, you don't necessarily bring in more revenues. that has been shown time and again through the kennedy administration, the post-kennedy tax cuts, the reagan administration's cuts, going back to the '20s. lower tax rates can actually lead to more revenues. i don't necessarily -- gerri: that is not where we're going with all of this though, pete. that is not what i see. >> no. gerri: i think this will be a very painful tax filing season for people out there. it will be a learning curve for a lot of people who may be tuned out some of this political rhetoric, don't realize what they will be on the hook for. pete, thanks for coming in.
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always good to see you. >> always a pleasure. >> up next, a warning to thousands of companies you and i well, we likely do business with. not enough being done to prevent cyber attacks. still to come this hour, how you avoid falling into the same trap as singer john mayor. we'll give you advice spotting make watches and jewelry coming you. you will want to see that. ♪ [ male announr ] how can power consumption in china, impact wool exports from new zealand,
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or trouble breathing. tell your doctor your medical history. and ask your doctor about celebrex. for a body in motion. gerri: hackers are working overtime. uncle sam informing three howthousand companies last year that their computer systems have been hacked and putting county less consumer data at risk. we have principal security consultant of trusted sec. thanks for coming on the show tonight, david. >> good to see you. gerri: this story i find so frustrating. 3,000 companies get told, hey, your information might be at risk. nobody tells the consumers who to watch out for. why is that? >> that's right. and unfortunately there really isn't a lot of laws what we call
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breach disclosure which means -- gerri: there are at least 46 states that have disclosure rules. >> disclosures rules for personal information like social security numbers. when it comes to you know, using names, passwords, potentially financial information, things like that that would be sensitive to have been individual aside from social security numbers there really isn't much out there to protect the consumer. gerri: i thought the laws were much broader than that? i thought they were to disclose anything that would harm consumers in reasonable amount of time? i thought the amount of time was the loophole, not the kind of data they can't share? >> 49 states actually have laws around social security numbers that are disclosed. that is what they consider personally identifiable information. there are also laws around medical records, around hipaa or health care information privacy act. all of these are things that can be disclosed upon but most aren't requiressed to be disclosed. user names and passwords can be
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tucked under the rug not actually notifying individuals that that actually happened. gerri: wow. so the fbi and secret service go around the country telling companies what is going on last year. those companies included target, apparently a big bank, apparently a major media organization. what are we to make of that? what with re with to do? >> this is the trend we'll see for the next two years to come, hackers are out there. organizations like countries going after intellectual property. the fbi estimated in there was $100 billion in loss just in the united states alone. so there is a lot of money to be made. they're using for promotion in their own economies. like me going to the national security agency, hey, there is competing company in the united states i want to go after. can you go hack them and give me all the secrets and they go out and grab the intellectual property and that is pretty crazy. gerri: that is pretty crazy. from what i understand, it is organized crime, independent hackers, hostile governments. range of players. they're everywhere. consumers have to be more
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careful than ever with their personal data. you just can't be too careful. what should be done to protect individual folks out there who want to go about their lives normally? >> well first, companies need to step up. there are things you can do to stop these things from happening, there is no question about it. companies look at bottom line. they don't want to invest enough in security to protect against these. they have the syndrome, hey this is never going to hpen to me. fortatelthathe iase itillappe to the evtual. mpans ne to ep ip. tor csume yueall ed t focon mitorg you crit. mang surwhen y takeut loan this lihat,hey eegitate. now 's aain aurd, nito tngs at y beuseour infmati does go ou tre. e bgesthing i c give to the consumer if you use a website, don't use the same password across all other websites. switch them up, make them different. makes it much harder. i o sh coufvery smart a info on. so 82% of u.s. firms out there
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believe the number of cyber attacks will continue. they're on your page. we're all at risk. everything's horrible. however, 87% are confident that their well-equipped to prevent the attacks there is something wrong there with those numbers. what do you make of that? >> i think so. i think, you know, when you look at what corporations are trying to do to protect it, they have really a false sense of security. they have actually spent a little bit of money compare to what they actually grow to protect infrastructure. i think they're just saying that to kind of put it under there but we know the banking industry, we know the health care industry, you know, hospitals things like that have very poor security. gerri: right. >> we have a lot of issues in this nation we really need to address. we'll continue to see very large-scale breaches happen and our information taken over next few years. gerri: come back when you have happier news, david. thanks very much. >> sound good. appreciate it. gerri: i appreciate it as well. thank you. and this. more of bernie madoff's victims are about to be paid. the man in charge of recouping and redistributing the money
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stolen by bernie madoff says another $349 million is ready to be paid out. madoff's victims gotten back $6 billion from the ponzi scheme, about a third of what they lost. just yesterday five former employees of madoff's were convicted being part of the massive fraud. bernie madoff himself is serving a 150-year prison term. that is a long one. later in the show, grading the states on their health care practices. next, we answer the question, how do you do that? we'll have some advice on spotting fake jewelry before you drop all that money on a rolex. ♪ i ys say be thman with the plan
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common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. (agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited. gerri: john mayer singing the blues. he claims he got swindled by a watch dealer next. how you can spot a fake rolex before you buy it.
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gerri: singer john mayer is going from the stage to the courtroom. the pop star is suing a celebrity watch dealer for allegedly selling him counter fit rolex watches but the broker's lawyer says the singer knew exactly what he was buying. we'll let them sort this case out in court but it does raise an interesting question, right? how do you spot a fake rolex? here with the answers, eddie rubin of flawless jewelry and a celebrity jeweler. who are your famous customers. >> get all kinds of people. probably biggest one we have is floyd mayweather. everybody knows. floyd mayweather, i sell jewelry as well -- gerri: you have a lot on right now, eddie. i'm looking at a lot of sparkling stuff on you. let's start, how do i spot the fake rolex? what are the telltale signs i'm looking at something that is not real? >> there is not really, unless
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you know what you're doing into it and playing with it all the time it is really hard. gerri: tell me how you know? >> how i know? i just know through experience, years of experience and i just see it by weight. i see it by -- gerri: the feel. >> the feel of it. the color of the dial. the crystal. the way it looks. gerri: how does it look? is it super sparkly? what is it about a rolex crystal? >> on fake one, it is for me really easy i deal with it all day. not easy to tell fake from real for regular person. gerri: if you open the thing up, i'm sure you can really tell. is there engraving? is there something to look for? >> dealers have been had even by opening it up. gerri: really. >> unless you're really into it all the tile you can not tell. they're making them like, one-to-one. gerri: you say those, there should be engraving inside the crystal. what is that? >> on newer rolexes, there is engraving of serial number and different ways they have to do it after-market. gerri: you're so famous.
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you're dealing with cee lo green, dwight howard. all kinds of people come to you for this stuff. >> yeah. gerri: for people who may consider buying a rolex sometime, how do you know you're not getting a franken watch, what they call franken watch? >> basically you have to trust the dealer. simple as that. tough trust who you are dealing with it. internet is good way to do research. >> need to know what you're looking for, that's for sure. >> definitely do your homework. gerri: is there certified dealer? >> you can go to certified dealer. i'm not a rolex certified dealer. i deal with that, that's yes know. there are different cases of where you have to be, you have to know exactly what it is. like some certified dealers may not even know because they're like a worker there. gerri: okay. understood, you're not always dealing with the person who has a really a lost knowledge. >> exactly. gerri: what about buying vintage watches is that even more difficult? >> vintage is even harder. you don't know how many really are out there. it is not that easy, this is
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okay real, fake, really hard. could be a couple of parts interchanged and nobody can really tell. gerri: my guess is there are really bad copies of rolexes out there that are super easy to spot and ones that are very difficult. >> of course. there are real easy copies. just lying anything. china makes all kind of stuff to compete with everything else. gerri: and they're everywhere. >> they're everywhere. on the street. i mean i wouldn't buy a rolex on the street. although i get people coming in off the street saying i just bought this, they don't want to say they just bought it off the street but they got had for 500 bucks bought a fake rolex. gerri: you're not spending $500 for real rolex. >> they have give idea it is real, it is real. i have to jump on a bus. tough catch a plane. there are all kind of scams. gerri: there sure are. eddie, thanks for coming on the show. we appreciate the bling. it is fun to have it on set. thanks for being with us. gerri: spotting fake or
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counterfeit goods are never easy but might help to know which products are the most counterfeited. those list are the top five. shoes. nearly 2,000 seizures feds took in more than $100 million footwear, mostly from china. number four, consumer electronics. the feds seized a $100 million of smartphones and tablets and the like, mostly coming from hong kong. clothing, $133 million of clothing confiscated during 8,000 seizures. 11% of the total value. number two, watches and jewelry. these watches jumped in popularity from 2011 with $187 million worth of jewelry and watches seized last year, mostly from singapore and china. number one most counterfeited product is? handbags. nearly half of all counterfeit products stopped at the boredder in 2012 were handbags, up 142% from 2011. that comes out to a value of more than $511 million.
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watch out for the handbags! other items on the list include pharmaceuticals and toys. we've got more coming up. demonstrators on both sides of the issue fathering at the supreme court -- gathering at the supreme court today. we'll have a latest on argument over religious rights of companies are being violated by obamacare. with monday's sign-up deadline fast approaching, some states are taking obama care matters in their own hands. we'll explain. what super poligrip does for me is it keeps the food out.
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driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a d. can't wait til tomorrow. tonight another glitch for obamacare as the deadline to sign up nears a new report card reveal. the majority of states are failing to make healthcare prices available to consumers before they buy. joining me now, dr. scott gotleib. tell us, i understand a lot of states out there are deciding that march 31 deadline isn't set
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in stone. what's going on? >> right, this is really a rolling deadline. states are extending the thrown. probably by a couple of weeks. what they'll say is anybody who made an attempt to get coverage but for some reason couldn't sign up in time has the be ability to sign up after the deadline. that could include anyone. it will be a few weeks buzz they will extend this deadline. >> there's no rules when it comes to obamacare. we have rules, get rid of the rules. i find it unbelievable. you say that the president will, though have a national extension for just two weeks or longer? >> right been the regulation they put out about a week ago basically intimated head would extend the deadline and set up the regulatory framework. so it is every reason to expect they'll do that.
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we can't get access or what drugs are in the formula so it's far-fetched to believe we'll get access to pricing data so it's not accessible and not accessible in the healthcare market because of third-party payment. so consumers have not built up the means and haven't lobbied for access to pricing. that's change changing. >> gerri: we pay the deductibled and premiums. we should know what it costs. don't you think? >> right, that's why it's changing. you're seeing four-profit companies step in. so this was one such company that had that 17.4 billion evaluation. so there's an appetite companies capable of doing this. >> gerri: let's look at the report card. it's not pretty. it's better than last year. so massachusetts got bs and all
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of the other states, got an f. can you believe that? >> some states mandate its reported to a website. the data isn't ramble. people need to know what the charge going to be to them and how mu insance pls wiover th wancalm csume toho arnd. r a sma fee the prode th iormaon i thi te mart will change. itill pbably cnge quickly because people resident exposed to these costs. g dr. scott gotleib, thanks for coming on. and also witness about obamacare, protests rallying today as the united states highest courts heard arguments over obamacare violates religious freedom of employers for providing insurance for contraceptive. here with more is steph.
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thanks for coming. >> i understand that the supreme n t.t has kind of tipped his >> well, it was an interesting morning in washington. the supreme court expanded the usual 60 minute time frame to 90 minutes. this is the first time that the supreme court is deciding whether for-profit america can assert a religious exception to the contraceptive mandate under obamacare. in a fiercely divided court it became clear as the morning progressed that you are going to have a situation where you will have four liberals and four executives partin conservativesg way and justice kennedy will be the swing vote. >> that's interesting. so hobby lobby is one of the companies at the center of this and gotten media attention, they're privately held. the owners are religious. they say that they don't want to offer this.
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although they do offer lots of other healthcare options to women. can you tell us about that? >> absolutely. and the things that's interesting is that under these government regulations that are being opposed here, there are 20 such healthcare options relative to the contraceptive mandate. this company is only opposing four of them. so their argument is narrow and specific and they're saying look, we have a religious conviction, we presented evidence and the court doesn't question that. from a legal perspective the argument is strong and why i believe in a raiser thin decision that they will win. companies already are recollection recollectioned to have a right of expression under the first amendment, so the denver court of appeals argued in this case and has ruled in favor of this company, why not allow religious freedom of expression under the first amendment? there are exceptions recognized
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for nonprofit and that's not a problem. the constitutiontin doesn't provide a profit penalty for this kind of an issue. so i predict in a 5-4 vote the company will come out ahead. >> gerri: that's what you believe. now want what will happen to obamacare if hobby lobby wins? do they put a stake in heart of obamacare? >> well, that's interesting because it will really be a punch in the gut to obamacare because this is going to allow many more exceptions to be applied throughout the united states. the other thing that's interesting, there's another ruling that could be a real further knock-out punch for obamacare because there's a case that is pending in the d.c. court of appeals and that was argued across the street during the same time this morning where there was an allegation by the appellant that there is a regulation that unfairly provides subsidies and benefits for state -- for non-state run exchanges. the bottom line is that, if this ruling which comes out during the same time in the summer goes
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against the administration, that will blast a hole spot the whole framework and architecture for obamacare funding. so you have a human supreme hugt court decision and there's going to be a lot of developments for obamacare that's around the corner. >> gerri: a lot more coming up and are you mentioning how big versus sebellius case? >> that is right, one of several such cases bubbling through the federal courts of apool. the identical issue will be argued in richmond next month. so this is really kind of a top aid obamacare cases wading their way to the supreme court. >> gerri: we have a lot of them but from what i hear you saying its the religious rights of these companies that will sway the judges, rate? >> that's right. i believe that in a 5-4 decision with justice kennedy being the swing vote, there's a conclusion that for-profit corporate
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america doesn't returned freedom of reason express just because it happens to make a profit. i think that's the right decision and it's coming down around the corner. >> gerri: but not really around the corner. we won't hear until what, september, fall? >> no, just a couple of months, probably in the summer time frame as well as the other decision that will be coming out the d.c. circuit. >> gerri: thanks for coming on. it's good to have you. thank you for your time. >> always a pleasure. >> gerri: why that cold you're suffering from never seems to end and the u.s. is falling behind the u.k. when it comes to employment. can we turn around? you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker.
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for the first full-time in 36 areas the u.k. has a higher labor force participation rate than we have right here in the u.s.a. imagining me now a professor at the university of maryland, school of business. peter welcome back, good to have you here. how come the u.k. is leading us in administer etric. this sounds like a bad thing. >> we've been through a tough financial crisis where we lost a lot of jobs and it's been tough to recover. it's been tougher for the u.k. the americans are richer, much richer. we have a higher per capita and more wealth and as a consequence, it's easier for people to drop out if they don't like what they say, especially if we have a government that is ladling on additional benefits which it has. it makes it easier not to take a job when you have subsidized healthcare or when the president is saying it's no fault of your own. personal responsibility is not a word, a phrase in the lexicon.
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>> let's take a look. it just goes down, down down. it's one big long slide and no surprise there. i think you mentioned a good reason why it is that way is there's a lot of benefits to collect by just sitting at home and i don't want to say that it never makes sense to have these benefits but it seems to me we're paying more and more for them. do you agree, peter? >> absolutely. there was this big to do about dropping long-term unemployment benefits and when they dropped then, the labor force participation went down. why? there were a lot of men who were showing up once a week at the employment office saying they were looking when they weren't trying. one and six adult men between 25 and 564 are not working. that was not the case 15 years ago go and it's not just changing gender roles. that number is way too high. that just indicates they have found other ways to sustain themselves and are not making
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compromises. if i take you to iowa, you'll see people from southeast asia working in meat-cutting plants. jobs americans won't take. why won't they take them? because they don't have to. instead we rely on immigration to do the dirty jobs that need to be done. >> that's a big criticism. i want to respond to something ed lazire wrote. he said we should be paying attention to average workweek. so if you see improvements in the number of people getting jobs, look at how much time they're spending working. it matters. he says we've lost a ton of time ton the clock since september. >> well, we have but some of that is obamacare. businesses are already repositioning themselves so they have lots of part-time employees. that is not a metric to look at when the fed should tighten up on the money supply.
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the metric is the percentage of adults employed. between the ages of 25 and 54, not worry about the retirees or young people, the prime-working age people. that number is very low right now. the percentage that actually have a job and we shouldn't be feeling that we are done. it's 75 and 6.5% and up to 80 or 82 to feel comfortable. those sound small but that's a lot. it's a lot of taxes and a lot of deficit reduction and money in people's pockets. we have been creating jobs and paying people not to work. for example, young people have basically been going to graduate school taking second rate and third-rate nombas, centers in social twitch, how to stand outside of the supreme court, and that has permitted them not to work, getting student loans
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and -- >> come being back to bite them in the butt. there's no doubt about it. the debt for us people in those programs is through the roof and something that will have to be paid off some day unless we forgive that debt. taxpayers won't be happy. peter, thanks for coming on and great what you have to say. thank you. >> take care. time now for a look at stories on foxbusiness.com. stocks are rebounding after a two-day decline. the gains aren't enough to upset the losses as they digest company earnings. this never-ending winter continues to wreak havoc on the economy and the commerce department says fewer people bought homes in february, down more than 3% to an adjusted rate of 440,000. that is the slowest pace in five month buzz american consumers are getting confident. it's consumer confidence index rose to more than 82 for the first time since last june. one economist says we're more
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upbeat about the economy but less optimistic about income growth and google is hoping to make google glass more stylish. the tech company is partnering with rayban and oakly frames. apply lines with the italian company will make wearable technology look a little less geeky and those the hot stories on foxbusiness.com. still to come, my two evan cents more. do you feel like you've been sick this winter? here's a word you should keep in mind "unbiased". some brokerage firms are but way too many aren't. why? because selling thfunds makes them more money. which makes you wonder. isn't at a conflict? search "proprietary mutual funds".
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well, do you have a cold?have y? does it continue forever? have you ever wondered why coughing and sneezes can last all winter long? we'll answer that question with and internist in the chelsea village medical and the author of the of the book patient shy. >> everybody on my staff has been sick and it goes on and on. why in. >> the winter has been long so it indirectly affects us so we're inside, around people who are sick. you touch things, you're touches germs. so i think you're exposed more no viruses. unfortunately most people forget viral infections last from two to six weeks, which is a real long time. >> but are viruses -- there's no cure for a virus? >> you have to wait it out. there are over 200 types of viruses that cause a cold and the rhino has 115 subtypes.
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so you can imagine if we swab my nose we would find like five different types of viruses. >> let's not do that. [laughter] >> we won't do that right now. >> once you have that cold, you have no immune system, so if you're still going to work, you're picking up absolutely everything. >> that's the problem. you have to ride it out. we live in america where everybody has to work, work, work. but take care of yourself. bun of the most important things is to get rest, especially during the winter, eat right, that means more protein, more vegetables. >> so do the right things. >> and also stay hydrated. we forget to drink more water, less coffee, less alcohol but moisturize your skin because the way the virus gets into your body is breaks in the mucous membranes. >> that's smart because that's the body's natural protection. >> the skip, biggest organ in the body. >> you told us this, that the biggest reason people go to the
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doctor in the first place is because of colds and there's not a carn thin darn thing you can . >> 22 million school days lost because of colds and most people go to the doctor because they don't want to be sick because unfortunately, antibiotics are not going to do anything, unless you have a common bacterial infection that may cause pneumonia or strep throat but that's less of a percentage. for the most part, common colds, you have to ride it out. nobody wants to be sick in bed. >> i'm telling you, i've never seen people as sick as this year. does it have to do with the fact the winter is so intense? >> definitely because you're inside more and you get back-to-back colds. for instance, little johnny comes home with the rhino virus, mom gets sick, gives it to dad and then johnny brings home another virus and mom gets sick again and the whole family recycles other viruses. >> over and over and over again. >> thank you for coming on.
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great to see you. >> thanks for having me. >> i think we've all been there. breaking news for you now, facebook is on a buying spree. guenonsed buying the gaming company occulus-vr. it makes virtual reality goggles for 3d games announcing the deal tonight facebook's ceo p him stuck will helsaid itwill help % and nenever the also, virtual reality coming to facebook. mobe game maker kings just priced at 22.50 a share. we'll be back with more and the answer to our question of the day, did gm lie to get a taxpayer bail-out? we wanted to hear what you would say. i've always kept my eye on her...
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general motors. not only did they do they know about the problems with the admission emission switches, but money was spent to be a lot the company. more than $11 billion in taxpayer dollars that had been paid back. he lied to get the bailout money. 89% said yes, wow. gini writes i loved everything about smoking. nancy pelosi at that text with obamacare, i didn't agree with obamacare and decided she was not going to get this tax money to help her pay for it. i told one of my doctors like with and he said fine, but something nancy pelosi did. that's hysterical. and here is laurel from the michigan. the u.s. government says they have the nerve to give all this money to the ukraine and it was
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not an entitlement, we under and i don't know about you. less than 3000 companies got notification from the fed that they had been hacked and no one be including a major banking media outlet. that is one ladin put it, it is like a 911 call in reverse or it target, is another one notifiedn shows that the consumer is at
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risk. tumors are the ones paying the price. that is my "two cents more". that's it for tonight "willis report." you for joining us and have a great night. we will see you back here tomorrow. ♪ ♪ neil: welcome, everyone, i am neil cavuto. if republicans can't kill the health care on their own, consider this their hail mary pass. arguing that there is a higher authority they must answer to. not the supreme court. because their argument isn't about the cost of the health care law or those supposedly provided in health care law. this is about the devil in the details of that law. the double himself dominating the theme of outlaw and the law of the founder called hobby lobby,
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