. >> forget the buzz over apple's hot new ipad or monster stock moves. this is the thing about apple that should get the most buzz. lion's share of apple's jobs and cash are outside of the u.s. because of the cost of doing business inside of the u.s.. is apple signaling that it is time to change the u.s. law to bring the cash and jobs back home? >> let's go in focus with rich and victoria and bill dennis and rick and mike. rich, what do you think? >> if you project forward in the future a few years, you will finted out chinese and labor costs don't matter because it is done by robotic and manufacturing. american can creates apples and automobiles and health care, that should be the key policy question .

right now with tax and regulatory, i don't think so . even the liberal steve jobs, told president obama in his dying days that things will have to be fixed. >> that is victoria quoting from the book. steve jobs said in comparing the u.s.. ease of doing business with china, companies can build factories in china compared to the united states where regulation and unnecessary costs make it difficult for them . even steve jobs is saying to president obama make it easier to do business in the u.s.. >> it is an amazing thing coming from a guy who lived in a commune and walked around silicon valley bare foot. >> yes, exactly. and that message to obama is granted there are issues with

the factories in china. we are all well away of them. they turned out to be bogus. it doesn't mean al of the issues are bogus. we can get the iphones and ipad. apple can go to the most efficient route for labor and create the devices in the cheapest way possible. that's why we have these devices. it is a testament that we allow companies to pull labor from all over the globe. >> apple has the huge cash hord e, 64 billion of that is outside of the united states. wouldn't it be better if the money was back here and all of the jobs they are creating overseas, they would be better to create it here.

>> apple, i agree that the cost of doing business in the united states is way too high. before any business leader decides to invest in hiring people and factoris and real estate, thatthey have to say this is what is it costs me and after tax return could be. increasingly businesses in this country are saying the after tax return are too low in the united states. i am better off going overseas. this is why many company united states have moved to the south in recent years and why boeing wanted to move. and the cost. rick we want to create jobs and business. and it is an impact.

and i had to file my taxes in the united states and pay my taxes in the united states. my question is why do corporations like apple get to keep all of that money and not pay their taxes. and the tax rates are too high and we lower them a little. they will come back and do the good. >> i didn't like my paying taxes even if i was in the other country. you know what. lowering them a little bit. you and i both know, these corporations are going to try to avoid paying u.s. taxes. >> dennis, the fact is, millions of meff are part owners of apple. i don't know if they make as

much profit as possible. >> every company and american has the god given legal right. and that is u.s. profit cash . we are the only major nation in the world that taxes it in the world. we will bring home 800 billion in cash. if we cut the 35 percent tax rate to five percent. the second issue is sending jobs over seas. apple has the right to make the goods at the highest knault and cheapest price. and that will make our economy stronger. the problem is, when it earns money over seas it doesn't bring it home and it will get taxed again at rates of 60 or cent percent. >> here is the question. do we clamp down on the folks who are not paying as much as he thinks should be paying or lessen the tax burden on

companies to bring the tax back home? >> it is complicated. i think apple shows what is good about american job markets. but we are getting the marketing and the design jobs. and the assembly goes to lower wage countries. and i think it is good and fine that america lost all of those banana growing jobs. i think it is fine if equadordoesn't export film and entertainment. >> that is the way it is. >> and let me go to victoria for a second. it is true that bill is saying some of the cheaper jobs should be outsource americans don't want to do and get folks in mexico or china to do cheaper. however, they have hundreds of jobs over seas and a lot of those would be good for menches. >> you can't have one without the other. the ipad wouldn't exist if we

didn't have free market of labor. the product would not have come to being. out television we have entire app community that came out of it all over the country. >> okay. >> that is factories? >> and i think that victoria is mixing two things. no one is saying apple shouldn't have the right to create jobs over factories over's ises. >> but the double taxation that dennis is pointing out is keeping cash from coming back to the country. we would like the multiplier. >> i agree. and be quiet for a second. >> five years ago. i interviewed a guy in the shanghai stock exchange who said we'll be making more cars in china than the u.s.. he said you have to move up the manufacturing chain. we'll make the mattress and you make the mri scanner. we need to make more

sophisticated things. problem is not just simple things. >> i got you and understand. but rich, what about that? >> there are some jobs better off overseas? >> yes, you project that is true right now. but in the not too distant future. technologies like robotics and 3 d will take that equation away. at that point america should ask itself if it is automobile device. and we have that ability. >> we have to leave that down. jot the facebook pass word down. why some at forbes love it.

nergy right here in america. yeah, over 100 years worth. okay, so you mean you just ignore the environment. actually, it's cleaner. and, it provides jobs. and it helps our economy. okay, i'm listening. [announcer] at conoco phillips we're helping power america's economy with cleaner affordable natural gas... more jobs, less emissions, a good answer for everyone. so, by reducing the impact of production... and protecting our land and water... i might get a job once we graduate.

all eyes are on louisiana. it is the latest contest for the gop presidential nomination. there are 20 delegates up for grab. white house hopeful rick santorum is lookking for a rebound following the critical loss. we'll have a live report from louisiana at 1:00 p.m. eastern. the japanese sunshine fishing ship. no one was on board and 500 million tons of debris swept in. and i am jamie colby. i will send you back to forbes

on fox. what do you mean, you do voices? . yes. that interview may leave you laughing but a new trend among boss says may not. they are asking for facebook past words. sounds like an invasion of privacy and facebook itself is threatening legal action about this. forbes foot side said it is a smart idea for accident. >> this could be an icky trend

to be your el paso and there is legalities. but that being said, employers are doing it a, it is some what unregulated tool to use toward vetting out potential employees and they look at social media and behaviors that people express and they think it is indictive of being an employee. data supports that. are we going to see legal situations here? >> we'll always have room for lawyers. >> rick an employer wants to know about a employee. . they want to make sure they don't get a nut job and a facebook pass word is one way to get in that. >> where does it stop.

don't open a can of fish here. whatever happened to the country. you can know anything. put a camera in my bedroom. >> i rather not. if you have to friend me first, you are going to have to ask. >> emac, a lot of the stuff is out there anyway. a potential employer could find it out anyway. >> if you went on my facebook page, i am struggling with the tic-tac diet.

you set up another site on the fake name. that is the way around it. >> i invite employers to try. it is there right. one, you will not attract anyone and you will have a massive pr problem and the activist and internet i hope to punish . ers. employers. you can't ask about religious or sexual orientation or age. and so it is a can of worms. doesn't that mean it kind of got public exposure anyway. these are private companies that spend a lot of money to hire new employees . it is theirr right to know how tall you are and weigh and look like and what is on your facebook page.

it is the reality of those who want jobs to say i am not interested in those company. let the free market decide. if companies are too intrusive. they will lose out on the best people. if you need someone's facebook page to do that, it is a lazy move. you should be able to interview someone and good at that job know if five minute fist they are a great fit. that's what a great hr job. i think it speaks more to the companies and people doing the hiring. >> as a potential employer, aren't you supposed to get information. it is it a completely rounded picture of the employees

possible. >> i don't think you need the facebook page to do that. they went out on friday night and have a couple of drinks, is that why you don't hire them? it is stuff that doesn't tell you much. it is not useful. you should ask the questions in the interview. >> there is negative information that you put on yourself and that is an issue. i am not like for coercion and pass word given to the employer. >> that is absurd. >> but john said it is a free market. if they don't want the job and they don't want you, move on >> rick and rich and victoria are all from california are against the idea. morgan and emac and john are for. >> it is the west coast versus the east coast. >> liberty. >> i want to tell us what he is not entitled to know. >> if we had more time, we have run out of the time on

this one. is it a new battle between the u.s. and china . someone in the cashing in gang is worried. student loan debt is troping one trillion. and why that could cost everyone money whether you have a college loan or not. we'll tell you how. coming up.

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>> so did you hear about this student loan debt topping one trillion dollars. that is only a problem for

folks taking out the loans? think again. dennis said it could cause another housing melt down. how so? >> we need people to buy homes again to rebuild the industry. if you are busy paying 300 to 750 a month on a college loann you have that much cash flow. i know some people say it is not true. i pay 325 on an unemployed nephew's college loan . i can't afford to buy a place that is a reason. our government is spending 125 billion on the loans and 56 percent of college students take the loans. >> it is not just those students taking out loans. there is all of the cascading affect and it hurts the economy. >> it doesn't help the economy and dennis is exaggerating a

bit. and that is for the most part the students in debt represent a small percentage of potential home buyers and the bigger problem, over all economy is very week. that is a bigger problem. bill, what do you think? >> i think the tuition debt load will hurt the housing market and car market and one trillion dollar monkey on our back is something you can't chuck off in a personal bankruptcy and a lot of people who owe it are realizing they wasted higher education spending . in here four year study. i don't want to pay off a slacker's bill. there are slackers not paying

their bill. i don't want to do that. i paid off my college bill. >> it takes one to know one. >> i was not a slacker. i paid every. you better believe i paid every month. >> i don't think it is a bigger problem. and it is not a big of a deal. it will get better. >> wait a minute. college tuition is causing parents to sell the family silver to stay solvent. tuition is higher than when you went to college david. 1.2 trillion in under water mort depadges and mortgage debt market. that's a big dial. >> apple is not selling ipads like crazy. it is showing what stock to buy like crazy, that's next.

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cwhat do you have? >> senior housing property trust . not just nursing home. but it is 6.9 percent. nursing home insurance industry is falling apart. that is bad news. >> what do you have. >> there is a fund for people with dividend hungry. buy it 86 cents on the >> you don't have to be a baby. >> yeah, but it is questionable. >> you have a read that is got a bad mark. >> it could boom from the apartment rental. 4.5 percent. >> 4.5. >> sweet but there is a glut of the properties, so watch out. >> thanks for watching and keep it right here. we continu