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tv   Forbes on FOX  FOX News  August 24, 2013 11:00am-11:30am EDT

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lines lay in the path of the underpriced at this point. >> neil: thank you. we rocket through that. fire. officials say san francisco get in here because the cost has been forced to shut down of freedom continues now on two of the power stations so fox. far. further disruption could have ♪ effect on the power supply. ♪ thousands expected at the if you like your national mall commemorating healthcare plan, you will be the anniversary of the 1963 able to keep your healthcare plan, period. marm on washington for jobs >> well, apparently not and freedom. this a few days before the everyone. anniversary. this week, shipping giant ups that featured the reverend and the university of virginia announcing that they are dr. martin luther king junior and the famous "i have a dropping coverage for thousands of workers, dream" speech. keep it here for the coverage thousands, all because of the of the event. watch it all from start to healthcare law. it could get worse. finish on the website a new survey shows that 40% of foxnews.com. companies are planning to i am kelly wright. change their insurance plans i'll be back at 1:00 eastern next year. because of the new law. time. so, are more americans going now back to "forbes on fox." to lose benefits despite ma welcome back. the president said? the same week president obama hi, even. i'm liz mcdonald in for david asman. hitting college campuses good to be with you this talking about how to control morning. soaring tuition cost. welcome to "forbes on fox." we finding out the number of steve forbes, rick, rich carl, students goaling financial aid is soaring. john, sabrina and bill balden. a new report showing 57% of
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the college kids are getting steve, what do you think? >> this is the beginning. some help prop the government. that is the highest percentage delta airlines announced they ever. will pay $100 million because sabrina, you say all they need of the healthcare law. is the reason why the tuition other companies are dropping is going up. >> it absolutely is. the spousal offering. you will see the companies as the government expanded the aid program, demand for the cutting back. secretly, this is what the colleges, preferably private president want. institutions, has gone up. one-payer system. the her people you get out of and colleges in return are the employer-based systems, increasing their prices. it's not necessarily equal to the happier he is. company if companies have a the quality of education they $2,000 fine or pay $15,000 per are leaving the students with. employee. no-brainer and not good for since the clinton us. administration, college tuition increased by $ >> rick? >> the only problem with steve's analysis, it is not 169 billion and student loan dropping anybody from the debt is now over $1 trillion. employer base system. be clear on what is happening with 70% of students here. spouses of employees at ups graduating in debt. this is a terrible situation. will only not be part of the healthcare plan if they have a >> rick, what do you think? >> i know sabrina feels that job at a company that offs them a healthcare plan. way as many people on the panel do. this was written in to the law if that is the case, she should be thrilled with what specifically to spread it the president had to say around. >> so does it make it a good yesterday. he will put controls on the thing, rick? things that are troubling you. >> it does. >> why? >> it will level it out. it will speed people through i'm not going to be -- wait. school so they are paying less i'm not denied healthcare if money and it will create a new
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system of figuring out what schools can deliver the my spouse works for a company service for less, while that also has it. not only that, ups says save keeping education. there you should be enamored the employee $1300. one final thing i'm one of with what he has done. those people you referred to >> with the government controls, the students can't who will have a new healthcare plan. declare bankruptcy. they have to right, if they you know why? i'm going to get more for my money at a fraction of what -- have high tuition cost. does it mean government can >> but the costs are going up. garnish the wage torse tax and also, with that plan, what is going on with the health refund check if they don't pay reform, bill, it's not just their debt? >> they won't do it for dropping spouses. the law says spouses or political reasons. this is obamacare for higher families. so if you've got a big family education. i'm out on this with. and your costs are higher than with the colleges delivering the government, it's true. it's right here. which determine or don't. >> not family. that's political football. >> it's in the law, rick. there is no reason why hang on, we'll get back to colleges sticker cost should you. go up four times the rate of it's in the law. affordable care act says family or families -- spouses inflation. you will see a push of three or families if you exceed a years instead of four year, certain limit. doing more online and push for that benefit will be tax and schools that teach you a trade the company could drop the that you can use right away coverage. what do you think? and get and earn a real >> it has nothing to do with living. obamacare. >> or go to cheaper community this is only a matter of time college for the first two before the republicans blame years. obamacare for rising sea levels. this has nothing to do with morgan, here is the other federal legislation and
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everything with common thing, too. economic sense. when you think about it, we do if husband and wife are both working why should the wife's in california, the two big -- what do you think of this? employer pick up the cost for both of them? two of california's biggest why shouldn't the husband's public universities in 2011, employer pick up its share of the family's health bill? the tuition costs jumped by, you know, 21%. that is fair. by the way, they're not they are sitting on $7 billion dropping kids. they're just dropping the spouses -- >> no. in endowment combined. wait a minute. what do you make of that? you're -- wait, hang on. >> we have to be careful how let's go to rich carlsgard. we break down the government aid. on the federal level, we have the law says, rich, spouses or increase of college student from the state level. we have seen numbers scale families. if your benefits are at a back. it's important to not make this, you know, college aid, certain level the companies will be hit with a tax on that college tuition rising because plan. of the got aid. they could be -- i'm talk i don't think it's a direct correlation there. about the extenses of the part of the reason is we have plan. they could be hit with a tax. the companies in fact are seen the state cut back funding to colleges as well. making the tuition go up. telling kaiser-permanente the we have seen it go up from 2007 to 2012. companies are saying they may we saw that, those cuts on the drop the coverage. go ahead, rich karlgaard. state -- >> so you think it's partly exacerbates it. what do you think? >> you can't keep up with the >> it's supply and demand. details of this. on a day-by-day basis, more when the federal reseven comply cases resize. reduce this to the ultimate floods the economy with cheap dollars, stock prices go up. simplicity. if this is a great plan, why if it foods college education
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doesn't obama raise his hand with cheap money, cost of and abide by it himself? tuition goes up. why doesn't congress, nancy it's no different. >> what do you think? pelosi who said we should pass >> it's the latest evidence it to find out what's in it, when compassion drives public why doesn't she volunteer to policy the result is ultimate abide by everything in the ly cruel. you the federal government plan? saying hey, make sure that the hypocrisy here is everyone can go to college, so make it affordable. appalling. >> sabrina, so let me be the end result is it's clear. ups and the university of unaffordable. we know why. virginia say they will keep when you know that someone is the family in the plan i'm spending money of others is saying the companies have to going to back up loans for pay a higher tax on the plan if the benefits exceed certain tuition, it's only log call that that tuition is going to government set limit. rise. go ahead, sabrina. now this isn't the sole driver of it, but a big factor. >> you're right. >> rick, the factors, but also up s said their cost will go what is going on with the up by 11.4% in 2014. colleges. the staffing. they have to make changes not how colleges are, you know, to affect the bottom line. there are so many things fat cat academics think they are running hotel empires. written in obamacare to cause an increase in cost, rather we talk about that. that is partly driving it, than the fact that the kids too. what do you think? can stay on the parents' plan >> there is an element of that. i see too much building goin until 26. we have a cadillac tax. 40% tax. hidden fees and regulations. on. i don't think ups is different steve identified powerful than the dardin restaurants or points. cities around the country, all
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the president spoke of that. going to play a jigsaw puzzle. and talked about kids getting to school quicker. >> steve, the president said keep the plan you are in. using two year universities. and said the cost are not he talked about bringing the going up. cost down. not to difficult, monitor if but costs are going up 20% since 2010 for health insurance premiums, steve. >> yeah, the only thing kids are finishing classes. advocate can say, the costs are going up less than it has >> i didn't hear the president in the past. we have had periods before we talk about the students should be thinking about the brought in the managed care decisions they make. for example, where there was a do they need the private period they didn't go sky institution or the public roberting each year. ones. the whole system comes in and do they want a degree in kicks in and up they go. anthropology or is computer the only way to keep costs down with the current system science more practical? is denying care. i think something that -- rationing. that is what we don't want. >> morgan has something to say why not free enterprise instead of more government about that. domination? >> john, we see increasingly >> sorry. go ahead. in the fed beige book, the >> i'm anibel thropology major -- anthropology major. companies reporting back to different districts, companies another thing is we have seen are sayingten federal reserve is companies tell us we may college students increase. drop coverage. what do you make of that? people can't find jobses. they go to school. >> i just think with the ups and the uva we are seeing a 12% in the last -- glimpse in the future.
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health insurance is a cost. >> wait. provision of obama care will >> that is not why the tuition make it costlier per employee. costs is going up. >> that is key as well. the schools get federal money so a logical way to reduce the on how many people are cost is portion spouses off enrolled in schools. the program to mitigate the >> that needs to change. effect of the legislation. >> i hear what you are saying my strong sense is we'll see for of this. about that. we will see a lot of families and wives voluntarily opt out >> there is no difference of the program or health between private or public school. insurance to avoid someone is paying either way. get the government out of it. when they involve themselveses in housing, education, cost goes up. they know someone else is paying for it. private market is at work, people compete and they have to lower the price. simple, basic economics. >> leigh it there. thanks, gang. just when you think it can't get worse, a new report says the ns aba -- nsa watches 75%. both. that had been going on for a long time. but there is a plan to put a it has nothing to do with this new law. stop to it.
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>> sabrina, go ahead. that's at the bottom of the >> that's off. hour on "cashin' in" bunch the problem with the new law first on "forbes" the housing is individuals are no longer recovery or housing rebound? going to be in control of you think by the headlines the determining what coverage or housing market is back with a risk they want. vengeance. now we leave it up to the but why are some here saying not so fast? government to determine, the that's a flip side. corporations can't afford don't go away. that, they can't ensure that uh-oh! guess what day it is?? cost. and individuals are going to suffer. there is a whole lot of unintended consequences. i wouldn't be surprised if we see more women dropping out of the workplace as john suggests guess what day it is! to avoid this. huh...anybody? >> do you think that could julie! hey...guess what day it is?? happen? more women could drop out of ah come on, i know you can hear me. the workplace if they don't have coverage? mike mike mike mike mike... what day is it mike? >> sure. on the margin, why go to work ha ha ha ha ha ha! and spend all of that money leslie, guess what today is? and time if you have to drop out anyway? it's hump day. look, what really is whoot whoot! disturbing, you know, you see ronny, how happy are folks who save hundreds of dollars switching to geico? this beautiful smartphone? it cost, you know, $400, $500. i'd say happier than a camel on wednesday. hump day!!! yay!! that has $10,000 worth of get happy. get geico. fifteen minutes could save you fifteen percent or more. computer power. and the mid-'890s. we should have the same revolution in healthcare. i hate this discussion and the way it's, you know, we're in
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the zero sum game where we are not involving entrepreneurs who can bring healthcare costs down while delivering higher quality coverage at the same time. >> steve? >> the problem is we're not talk about -- >> more, more, more basic than healthcare is food. we don't have the government running agriculture, so we have the most productive system in the world. we have a good safety net. you can argue about how food stamps are run but we have a safety net. why can't we do the same thing in healthcare, add the yeah, the pain can be really tough. productivity, have effective and it's my family that suffers. safety nets. rich and john are absolutely then i learned that my pain started at my feet. right. enterprise is the way to go. >> thanks, gang. this was me. up next, college students that's when i found dr. scholl's pain relief orthotics. heading back to school. more of them are getting yep, i went pro. student aid. they reduce the impact on my lower body. as tuition prices keep on p-r-o. i get pain relief from the ground up. soaring. but will it send tuition so i feel less pain and more energized. higher? we'll debate that next. right now, 7 years of music is being streamed. it's that simple! i'm a believer. we're all believers! dr. scholl's pain relief orthotics-- pain relief that starts with your feet. a quarter million tweeters are tweeting. i'm a believer. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller.
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uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. reinforced with scratch- resistant glass this&is gonna be big. and a unibody made kevlar strong. hp moonshot. it's time to build a better enterprise. together. okay google now. call my droid. the new droid ultra by motorola. when strength matters, droid does. yeah? then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. silence. a lots of headlines saying are you in good hands? housing is back but some at forbes say do not buy it or we'll all pay the price again. that is the flip side. silence. every day we're working to and to keep our commitments. plus, the informers have the and we've made a big commitment to america. back-to-school stocks to e bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger.
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♪ ♪ check out these headlines. sales up as housing recovers. sales crush expectations. profit jumps amid housing recovery. even triple-a is jumping on
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the housing bandwagon saying, "as home prices improve in many parts of the country, more families are feeling comfortable about traveling the labor day holiday." on the flip side, don't buy the housing hype. explain. >> improvement in housing is not sustainable. it's driven by the federal reserve massive $2.9 trillion bond buying program not by improving income. actually household income is down 4.4% since june 2009. usually sustainable improvements in home prices [ command center ] this is command center. are driven by people making [ man ] ...3, 2, 1. more money. [ command center ] all systems go. in this case, they are bringing home less money. [ female announcer ] introducing swiffer steamboost >> interesting. so empty calories fed money powered by bissell. steam-activated cleaning pads penetrate deep. printing. what do you think? >> it's an issue. [ command center ] we have lift off. fed pulls back and you see the [ female announcer ] don't just clean your floor. boost it. frothiness in the housing recovery, start to slow down. this recovery is here. if you look at the market nationally it bomb toms in 2011 and it's climbing up live from america's news since. headquarters, i'm kelly wright. one of the factors is not the a massive wildfire triggering fed bond buying and mortgage
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a state of emergency in san interest rates but the fact we francisco. have the record tight the flames are about 150 miles inventory levels. away in yosemite national actually, housing prices came park. off so much the interest rates but the city's utilities are in danger, as miles of power have to is it 2.5% with that income growth for it to be not affordable anymore. >> interesting. rich karlgaard, you give great insights on the west coast and california and other states in area. what are you seeing? >> well, it depends which california you're talking about. the valley, it's booming. 50-mile east of here, stockton is in a great depression. i kind of agree with mike on this. we have rising interest rates. the economy is only growing at 2%, which produces the kind of flat, slightly negative income that you see across the country. the leading essential, the new housing starts, have -- leading edge, the mu housing starts have numbers according to the forecast for june and july. >> housing prices hit bottom this year. crazy markets like phoenix and miami speculators are coming
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out of the woodwork. normal markets, normal people buy houses. bubble markets like new york and san francisco there are people with bubble income to pay for $20 million. >> it's interesting. spiking of the fed punch bowl creating the froth, steve? you know what mike and rich are saying. not the economic underpinning or growth. what do you think? >> this f the country had done nothing and let the natural recovery happen, housing would be better today. strong housing, it depends on a strong economy. we don't have a strong economy. all the fed match nations can't get around -- machinations can't get around it. >> housing stocks got hit. smart money says wait a second. you have been terrific, gang. coming up, how to pay for college and everything else. get the stock our informers say are heading to the top of the class. as the shoppers head out for the back-to-school bargains. that's next. don't go away. (announcer) scottrade knows our clients trade
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and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." high fructose corn syrup from yoplait original and light, we were like, "sure. no problem!" and you were like, "thanks, but what about thick & creamy and whips!" and we were like, "done and done! now it's out of everything yoplait makes." and you were all, "yum!" and we're like, "is it just us, or has this been a really good conversation?" and you were like, "i would talk, but my mouth is full of yogurt." yoplait. it is so good!
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welcome back. the informers of the stocks making grade for back-to-school shopping. what do you have for the teacher? >> apple. i'm not the only one who thinks they are undervalued. >> you like it? >> first law of consumer electronics, all cool devices become commodities some day. i happened to the sony walkman and will happen to the ipod. >> the older kids are digital, but the kinder gardens are scrambling for stapler and note pad. >> morgan? >> this is so 20th century. insiders are selling. >> that is it for "forbes on fox." thank you for watching. keep it here. the number one business block
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