balance sheet. >> flow, sir, why do you like it. >> they make valves and pumps for the water industry and other industries and ubs and moody's, water is becoming a commodity. i like the stock. >> what do you think, morgan. >> you i like it keep your eye out for the upcoming earnings report. >> we will, that's it for forbes on fox, thanks for watching, a great weekend. keep is here, cheryl casone and cashin' in is next. >> get higher education to bring down high unemployment. take a look at this. the percentage of americans saying that college is worth it is buzzing, 57% versus 81% just four years ago and someone here says this is great news for the job market, but how is that? hi, everybody, i'm cheryl casone, welcome to cashin' in. our cashin' in crew this week, wayne rogers, jonathan hoenig, tracy byrnes, john layfield and joining us is julian epstein.

we'd like to bwelcome all of you. tracy, how could skipping college help the job market. >> i'm not advocating skipping college, but so many jobs all you need is a high school diplomas, we need drivers, mechanics, people that have a trade and not to mention going forward in the future. 40% of the jobs available over the course of next ten years will only require a high school degree. i want people to go to college and want america to be smart, but i think we need both sides of the coin and i think we do a really bad job of making people feel really bad about themselves if they don't go to college. it's not for everyone and not to mention the debt. people can't afford it. >> it's an interesting question she brings up, john. is college a good investment at this point for many americans? >> it depends on what you do in college. tracy is exactly right. this is not an either/or equation. if you're going to college and getting a liberal arts degree, odds are you're wasting your

parent' money. look long-term 50% of money with a college degree and unemployment for college graduates not just those under 24 are about half of the national unemployment rate. and we're looking at a science and tech. if you're getting to science ap tech degree a the lot of people don't want to get and for them, you're right. skip college and get awe job right now. nothing wrong with that. we're going to have 15 million job openings accord to go bill gates, by 2020. america will have to outsource them because we don't have them. >> the types of jobs that do and do not need a college degree. manpower did an agree, three out of the top ten jobs that are open in demand right now needed an education. does that surprise you at all? >> well, it does surprise me a little bit, but i mean, i think that tracy's comments are right and john's comments are right. college is clearly not for everybody, and i think the bigger issue is having a job market out there that would have more jobs for college graduates, but john hits it on the money here, i mean, if

you're a college graduate, your income is going to be 50% greater, your benefits are going to be greater, your ability, your economic mobility is going to be significantly greater. your unemployment's going to be half. so, while i agree that not everybody needs to necessarily go to college, we need to be a country that's going to be smart. we need to be a country that's going to be able to compete with -- with the europeans, with the asians, all of whom are making great advance ins their educational systems. >> wade, the overall job market, if we're seeing the shift and numbers say we are seeing a shift. maybe it's a bet are thing for the job market that maybe not everybody pursues that bachelors degree? >> well, not only is tracy right and john is right, julian is right, i must say. >> wow. >> i think, yeah, i think everybody hits it right on. you know, there's a presumption in your question, there's a presumption that says, okay, college is a must, that somehow that's going to

lead to a job and you're going to make more money. not true at all. and people who go to college-- college is not necessarily directed to give you a -- some sort of a background that's going to lead to a job. you get a general education, after all you go to graduate school for business, you go to graduate school for law, for medicine, for specialized things, so, that vocational training where the jobs are needed is where somebody, where somebody-- i haven't finished. where somebody -- sorry. >> and where-- no, it doesn't. where, somebody is trained specifically for a vocation, that's a good way to get to a quick job, if that's your -- if that's your ambition. >> jonathan, i'm assuming you want to respond? >> yeah, i feel like i'm getting rapped out of the principal's office. we say that not everyone should going to college, but that's the government policy for many, many years, we have a president now who calls

college a right and pushed up the costs and down the quality. and the panel made great points. roughly 65% of jobs now outstanding don't require that much coveted college education and of course, whether it's irvin berlin or trace adkins or thomas edison or debby fields or jonathan hoenig, there's many examples of successful people who have not gone to college. government involvement has raised the cost, lowered the quality and that's what needs to change. >> well, government involvement-- >> an economic question, i want it take this. it's interesting if you look at the amount of debt. tracy brought this up. the amount of debt that americans are sitting on for higher education, a lot of that goes away if we see the shift. wouldn't that be good for the economy, julian? >> but john makes a better point in the long run. going to college means you're going to have much, much more wealth and higher wedges. in the long run a better

economic prop sayings. as to jonathan hoenig's point government getting involved, there's a difference between the government saying it's easier for people who want to go to college to go to college and lessen that by a college loan program that makes sense and having to go to college. and i don't think that-- >>, but the suggestion. >> the government is trying to make it easier for people to go. >> exactly, that's the same ph ethanol, the same philosophy with housing and cheryl, you mentioned the numbers about people who thought that college was a good idea. the same numbers applied to people who thought housing was a good idea. five, six years ago. yes, the government incentivizes and-- >> and the same things applies, jonathan, when you get married and the same thing applies when you buy a home, the same thing applies when you have a child. >> and tracy in. >> and get tracy in. >> the point is we're not doing it right. i agree with julian, i think we should be the smartest nation and everyone should go, but it doesn't work and it's not cost effective. maybe the way to do it, send people for associates degrees

or certificates, get nem them out there and feel what they love and then go on. we push right into college out of high school. they don't to what they're doing and end up with liberal arts degrees that put them on the unemployment line unfortunately. >> a lot of companies are working closely with vocational schools to get the needed skills they need in a faster amount of time. vocational training is much quicker than a four year degree. >> it's much quicker and companies are working with good reasons, they need trained people. one thing president obama is doing, whether it's politically motivated or not, doesn't matter, it's a good thing. pushing science and tech degrees. we're reaching a crisis science and tech. 15 million jobs are sent overseas and talking about outsource between governor romney and president obama. this is going to be outsourced. we don't have the people. we could triple, we could quadruple, could make ten times h 1 visas, get a science and tech degree you get a great job right away, that's

important. >> jonathan ten seconds. >> a college degree is a commodity. like anything else likes a hamburger, whether it's important to you. government involvement pushes up the cost and down the quality. and let a free marketplace free rein and decide. >> that was a great debate. don't move, coming up, a new alarm ringing over public pensions, they may finally help taxpayers avoid pension bailout. well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. [ roger ] tell me you have good insurance. yup, i've got... [ voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy.

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>> fox news alert. i'm jamie colby in new york as they continue to scour the apartment of the suspected movie theater massacre suspect. a briefing from the hospital at aurora medical center.

>> we are expecting a difficult day on the floor. and snyder can elaborate why. some of the shock is settling down or going away and some of them, some of the patients are starting to realize what really went on. so, day two is a pivotal day for them, now, beginning their recovery process. our staff also treated the traumas. they've had some stress and might nai nightmares and we're working with them and the staff is coming together. i think it's the whole community trying to heal, start to heal. one thing as we also absorb all this, we're learning what a benefit it is to have a trauma system the way we do, such high professionalism, expertise. a lot of collaboration. i mean, this is why the e.m.s., police, the hospitals, the surgeons, the e.r.'s, fire departments, train and drill they don't ever want to have

to use it, but i think in speaking to the folks who are here since 1 a.m. yesterday, it was precise. i mean, it happened the way it was supposed to. i know some communication, there were some gaps in communication, but that comes with chaos, you know, from the city and everywhere else, but i think this demonstrated a terrific trauma system and this is a level two trauma center and it worked very well. so, again, introduce dr. bob snyder, trauma surgeon, he just did some rounds with the patients and he can give you updates on our numbers and stats, okay? >> thanks, linda. this morning we made rounds on all the patients that were admitted to the trauma service as a result of this mass casualty incident. the patients that we have in the hospital right now are all doing fairly well.

as linda said it was a relatively quiet night last night. we did not have any incidents that required any emergency procedures or anything of that nature. i know dr. denton had alluded to the fact that the first 24 to 48 hours after an incident like this, we're looking for missed injuries that wouldn't necessarily show up right away and thankfully we have not found any missed injuries. everything that we made the diagnosis originally is what we're still working with right now. we still have seven patients in the hospital. we have three patients on the regular floor, our trauma floor. we have four patients in the intensive care unit. of the four patients in the insensitive care unit, two remain in critical condition, but they are stable and things that we're looking for this morning, as far as blood pressure and oxygen level all thankfully are doing all right. we actually have plans of

moving one of our patients in the icu out to the floor today. and linda is correct, it's going to be a long day for a lot of people. the initial adrenalin rush of having something like this happen both to the families and patients are start to go wear off and today is the day that there's going to be some realization that there is going to be some serious long-term issues that people are going to have to deal with. we have staff in place as far as mental health counselors to work with the the patients and their families and we are going on a case by case basis to try to address their needs as best we can. >> did any of your patients-- >> all the patients that we received at our hospital have survived to this point. the injuries that we are currently dealing with, at the

least at this time, do not appear to be immediately life threatening. >> how is your staff doing? you mentioned psychologically, on the staff as well? >> it's a difficult situation anytime when you have such a sudden influx of patients who are critically injured. you try to distance yourself professionally from a situation like this, but these are young people, young families, it's difficult not to put yourself in their situation and in that regard, it's been difficult for staff members to kind of deal with what's going on. >> emotional behind the scenes from patients? >> i can speak to the mood this morning and that, an initial passing this morning, things look like they're relatively stable. i mean, there's -- the emotions are fine and nobody's falling apart on the floor as of this morning. i'm sorry?

(inaudibl (inaudible). we have 16 is our youngest and our oldest is 31, if i have that correct. >> and come to the realization that some of their issues are going to be-- >> without getting into specifics, since that's really something that's going to be better answered in the future here, we have injuries ranging from head injuries, to chest injuries, to belly injuries, to injuries to the arms and legs, and it pretty much runs the gamut of multiple gunshots and some of the injuries that we're dealing with and the patients are dealing with right now are going to be permanent. >> (inaudible) multiple gunsho gunshots-- >> in some cases, yes. i do not know.

(inaudibl (inaudible) >> i do not know. i know it's a range of different weapons, handguns to shotgun injuries. >> here at this hospital? >> here at this hospital, right. as to the specifics, no, i couldn't really answer that question. >> is there anyone that appears to be hurt by the smok smoke, strap nell. >> the injuries that we're dealing with are primarily gunshot injuries, so, chemical injuries, schrapnel injuries, we're really not seeing those to the patients that we have admitted to the hospital. >> in a normal year how many gunshot victims would you see in a month or year. >> tracy, throw me a number. >> it's not an unusual occurrence to have penetrating trauma, knife wounds or gunshot wounds. for better or worse, we have a lot of experience taking care

of patients like this. it's, again, what we've been saying is that the sudden number, the high number of patients suddenly showing up in our e.r. is what makes situations like this so exceptional and it is why we practice our disaster drills and mass casualty incidents in case what you hope doesn't show up, shows up. >> you said some of the injuries are permanent. are you talking to people that are going to be-- >> at some point i would anticipate the patients are going to be requiring transfer to rehab facility. it's a little early on in the course of things to be talking specifics disability about that. >> do you think the patients themselves realize they're going to be injuries that will last? >> it's across the board. it's both of them, right. some, some of the patients that we have right now are being, particularly the critically ill patients in intensive care, they are being

sedate today a certain degree, so, how much they have been able to process, it's a little difficult to tell for 100%, but the families are at the bedside and they're fully aware of the injuries they are he' dealing with. >> are they all conscious, sedated, but conscious to a point? >> yes, yes. (inaudible) >> i do not know the answer to that question. we have security staff around the hospital that are usually there, just not quite such an obvious presence. you can see them when you walk around the hospital now. i think in light of the person that committed these climbs r crimes being in custody, it's less than an issue that it might be in other situations that if this was a gang incident, probably not specifically outside of each person's room.

>> that's okay, we have seven patients admitted to the hospital. four of them in the the intensive care unit. of the four in intensive care two people are in critical condition, but stable. >> thank you, doctor. >> actually before he-- an item i forgot to tell you, that's why you write notes. we have in addition to the 18 directly related to the immediate trauma we saw yesterday, we've had another five patients come to our emergency department at centennial medical plaza, part of affiliate medical department center aurora, and those are stress. someone complained about being stepped on in the theater. and then, some reaction to a chemical, whatever chemical was in the theater, something tear gas-like we think. we can't confirm that, but anyhow, we've had people walk

in and i think it's probably not unusual this close to the event. >> yeah, it's pretty common for a situation like this, when there's so much chaos initially, we do the triage system so that the people immediately who have life threatening injuries get taken care of first, if there's people that have less threatening injuries, whether they're schrapnel injuries or things like that. these are people we can safely send home and follow-up in the clinic or specific problems encouraged to come back to the emergency room if they need to be checked out again and that sounds like that's going on in some of our sister facilities. >> one more question about that realization of permanent injury, what does that look like? is that a -- i mean, is it just to telling them and is it a quiet thing? what does it look like? >> it's different for everybody. everybody kind of reacts to similar injuries differently,

depends on their personality. i think what's important for our patients is to make sure that there's support staff around. whether that's family or whether that-- >> all right, we're listening to general surgeon and trauma surgeon dr. bob snyder who talked about the chaos initially at the emergency room at the medical center. right now, there are seven patients in-house, several critical. there are two critical, but stable. gunshot wounds primarily the injuries they've treated at this hospital, but trauma setting in now emotionally. the families are by the sides of the patients there. more coming up, but back to cashin' in right now on fox. >> did you hear this? canadians are now richer than americans. for the first time in history, the average household in canada is worth more than the average u.s. household. 43,000 more. and you think that canada is doing something we need to do to help reverse this, what is

it? >> well, they've lowered their corporate tax rate to 15%. u.s. has a 35% rate. so, lowering taxes is going to help the economy. we know in 1981 when the reagan tax cuts came along we had after that a terrific economy. and the same thing happened with-- under president clinton in '94, they lowered taxes and we had a booming economy. so, lowering tax rates produces a good economy in the private sector. >> okay, all right. jonathan, what do you think? do you think it's simply an issue of corporate tax rates? , well, it's freedom, cheryl. what produces freedom, freedom or force? it's always freedom. in many cases canada's economy has been more free than ours, specifically in house, they didn't incentivize housing in much the same manner that the u.s. government did so of course they didn't have the boom and they didn't have the bust either. they did as wayne pointed out, lower corporate tax rates, they have a more open approach towards fossil fuels, toward immigration and all of these add up to a healthy,

prosperous economy and we should follow their path. >> julian, even the canadian banks had a heck of a run when the u.s. banks did not. maybe they're doing something right up north. >> i thought jonathan was talking about the health care system as well. >> no, that sucks. (laughter) >> in a word, i guess, right? so, let me just push back on a couple much things, first of all, if you look at the median canadian assets, they were actually become more wealthier than the u.s. than the 2004 than today. going on seven or eight years. and wayne's point on taxes, taxes are lower under obama than they have been under reagan or bush. 7% 7% of gdp. the lowest in years. the corporate taxes as a percentage of gdp 2% of gdp. lower than the next ocd countries.

and an actually effect corporate tax rate is more like 16 or17% of-- >> okay, okay. >> here is the thing, wait, here is the thing, taxes are only part-- >> and it happened every year he's been in office. >> taxes are-- >> the bush tax cuts. >> jonathan. >> my friend, these are the bush tax cuts. >> taxes are only part of the equation here, if you don't welcome business, if you rap it up with regulations and makes people want to skirt taxes and jump ship and send employees overseas because they're in a country that doesn't welcome them. that's the problem here. the the tax rate is a piece of the puzzle. canada welcomes business. >> the reason the corporate tax rate is 16% is the average is because the small and medium sized businesses are the only ones that pay it. the big businesses bought off politicians for decades and the reason that canada is doing so well, the rise of fossil fuels has been the rise of canada, we don't have one. >> and they also have lower

unemployment. guys, great decision, thank you, out of time and julie thank you for having you on the show as always. >> thanks again. >> all right, coming up, credit crunch at the checkout. forget soaring food prices, why you could be in for real sticker shock if you swipe it. ♪ ♪ [ man ] excuse me miss. [ gasps ] this fiber one 90 calorie brownie has all the moist, chewy, deliciousness you desire. mmmm.

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>> forget food inflation, krogers are thinking about charging a convenience fee when you pay with plays -- plastic. we knew the fees would be passed on to us. >> what do you have? >> you want to go to the open this week? >> he won his fifth major and get a tent. you better camp out. i know something about camping. they are 13 times earning. >> wayne rogers? >> well, we talked about it early, cities need more and more revenue. they will get it from the gaming taxes. >> god one. >> jonatn?