citizens of the united kingdom get to kiss those dreaded credit card surcharges on their statements goodbye starting in january that's one of ban on companies charging fees for debit and credit card transactions takes effect according to the treasury people shelled out on average four hundred seventy three pounds every year that was in two thousand and ten alone the biggest culprits food delivery apps and airlines ryanair and norwegian have been known to charge up to two percent the european union has already instituted a directive by hitting out of visa and master card the u.k. takes it further by also targeting american express pay pal as well the change in the law is likely to mean some companies will simply put up their prices to cover the extra costs they bear with card payments. and germany's finance

ministry confirms that loans and bonds bought in support of beleaguered e.u. member nation greece has filled germany's coffers with up to one point three four billion euros the profits come from a range of programs running into the hundreds of billions that germany and other eurozone countries have backed these programs to help dig greece out of its financial crisis since it emerged nearly a decade ago that includes profits of three hundred ninety three million euros from a two thousand and ten loan from the german government own k f w a development bank profits also poured in from a now defunct government bond buying program called the securities market programme it was run through germany's central bank the buddhist bank since two thousand and fifteen germany has collected a total of nine hundred fifty two million euros in those s.n.p. profits now critics from germany's green party call this not a legal issue but a moral one.

over eighty years ago the social security act was signed into law in the u.s. now it was intended to protect the economic security of americans especially after they hit a certain age but the system hasn't kept up with demographic changes could face a crisis sooner than we think. is here in the studio with more for us on that kind of crisis relooking at now well basically if nothing is done about social security we will start paying out more than we actually take in which would obviously be a very complicated problem to deal with the u.s. looks a lot different now compared to when social security was first introduced people are living longer and birth rates are much lower which means there are less young workers in the labor force and as a result of those changes the program hasn't been able to operate like it used to and if the government doesn't issue reform they won't have enough money to pay

everyone's social security checks according to the social security administration trust funds will be depleted by two thousand and thirty four meaning only seventy seven percent of benefits will be payable and before that in two thousand and twenty eight the disability insurance trust fund will be depleted with only ninety three percent of benefits payable right now social security does take in more than it pays out but that's only expected to last until two thousand and twenty two and if it gets to that point the administration would have to liquidate the assets held by those trust funds this predicament leaves a lot of questions for both young and elderly americans the earliest age we can start receiving our benefits is sixty two but most of us will have to keep working beyond that point if you were born in one nine hundred fifty nine earlier you have to wait until you're almost sixty seven years old to receive your benefits in full for those born in one nine hundred sixty and later you have to wait until exactly sixty seven. to receive them not the moment the average monthly benefit is one

thousand three hundred sixty dollars which totals to a little over sixteen thousand dollars a year to put that into context the federal poverty threshold for individuals is a little over twelve thousand dollars a year and given the way social security is growing will eventually see some changes made which could certainly adjust the average retirement age but unless those changes are drastic the monthly payments will never be enough for the average american to retire without also having a decent or a one k. and on average that won't help too much considering the median were tyrant savings of families between fifty six and sixty one years of age is just seventeen thousand dollars a decent for a one k. yeah. alright how lawmakers are proposing to fix this we know the pay out versus the take and is facing a big schism but it's getting worse so what's the proposed remedy maybe not well there are a lot of ideas out there of course has one side saying we should increase the

payroll tax right now it stands at twelve point four percent so it's paid half by employers half by employees but then there are people on the other side saying we've already implemented a lot of payroll tax increases over the years and we are we still have this problem we are approaching insolvency very quickly so that isn't going to have all that that's what they're saying so they're saying instead of increasing the tax we should increase the retirement age to beyond sixty seven and i mean most ideas people are in pretty good shape about ok budget playing into this problem i think it's going to anything to do with it here well the house republicans just unveiled their budget proposal for twenty thousand which does issue cuts to social security which trumps himself said he didn't even want to touch. his budget director mick mulvaney though it had previously said he would support cuts to social security but of course this would have to get through the house with other moderate republicans that might not want to touch it and then of course democrats even they could come.

their vacation in the past maybe sorry i'm being negative everyone has everything to haitian thank you so much being busted out of shame for the. well we are seeing continued growth in employment after nearly a decade of economic left her g. american workers deserve it this development to shed light on a new problem the u.s. economy faces a skills gap so it's time to bring in michael bell and president and c.e.o. of builders and contractors thank you so much for joining me today thank you very important topic you say you know we're seeing strong employment growth. but there's a new problem especially in in recent decades the u.s. has a skills gap we're not training up labor we're not getting them out there and when when you aren't getting them out there you're not giving employees the power to work with the business owners and things like that so what's what's. what's the gap look like how bad is it well it's about five hundred thousand jobs that need to be filled right now so that's pretty significant. and we have about seven point five

million in the workforce so we're projecting associated those are trying to read through that will need five hundred thousand plus to put to work in place right now are we talking about skilled labor are we talking about unskilled labor we are these you know train workers that almost it's almost as if they're. unrecognised engineers these people that have to go out and build these roads are we just talking about the guys who are who are digging when we talk about this who are we visualize and it's going to be need at the most whereas the big gap there will all of the workforce that we need to have in the construction industry has a skill that brings value of course not to say not to say that there is no obvious lead not but it requires everything from a carpenter to a plumber to a superintendent to a form into a project manager to an estimator that's a challenge that we have we keep talking about infrastructure in this nation but. what do we need to focus on for the roads in the bridges are obvious choices for a lot of people in a very visual but what other critical areas should we be focusing on and focusing

on training our talent for when i think we need to focus on getting the supply of talent in place because the reality is with the five hundred thousand we need right now if we get two or three percent growth over the next couple years and let's see if we get this infrastructure bill passed one trillion dollars one hundred billion a year to say we started in two thousand and twenty we're going to have another million on top of what we have right now in terms of need and that's why this executive order that trump president trump put in place expanding apprenticeship is because really it starts to set the table attracting talent to our industry because the industry is fraught with unbelievable technologies and innovation right in huge career opportunities so it's and people point to automate automation as a problem but then there's people who have to maintain and design those machines too so it creates more work is this the fact that there's not enough apprentice heaps offered or do you you know there's a lot of research out there saying that the trap of going to a four year college and then dropping out and having having all this debt it

sometimes for people if they were good programs that it would attract them or are there not of enough people looking for the sort of think they don't know what's out there i think we've just done a terrible job of promoting yeah promoting the industry i mean think about it when i went to school i took shop class i learned how to weld i want to. i don't do all that kind of stuff we don't have that anymore and so this apprenticeship executive order really starts to expand that promoting so we've got to be attractive to anybody want to second career college dropouts kids that want to get you know an associate degree who worked with their hands absolutely out there it's a great opportunity it's unbelievable it's a great place to win your career let's go to capitol hill now the focus on health care a lot of infighting a lot of double talk don't you feel it infrastructure would have been a great thing to push through fyrst with the talk of jobs out of the top line talking point during his campaign i mean what a great opportunity to create prosperity for all americans i mean think about it one hundred billion dollars a year create six hundred to seven hundred thousand the arabs we've got welders

that make over one hundred thousand dollars a year fantastic opportunity so why aren't they focusing on that what in the world was in his coffee that morning when he said let's talk about this first health care things like that infrastructure why wasn't that number one i don't know if they should have been i don't know but i know it's a top priority and i know one thing about president trump he doesn't want to just get the legislation done he wants to get the infrastructure bill ok let's hit let's hit union power now a lot of people say the unions have overreached but they've got to be there to protect the workers that will be taking advantage of you completely disagree without statement i know you know you talk about you know. enterprise free market those sorts of things which is great where do the labor unions come into play where are they appropriate in these cases i think labor i think labor unions have a significant part. of america they've got a lot of history there's been a lot of things that have been accomplished over the course of time and the bottom

line to philosophy that. we thank you associated daughters advocates we welcome everybody the table anybody that believes in free enterprise delivering value recognized recognizing individual company trying to create the conditions for people with dreams. and great work you're doing and trying to put this forward for more of vocational training and getting people into that very valuable right now i think a lot of people look at the cracks thank you very much thank you good luck with your work thank you so much mychal bell and president c.e.o. of the associated contractors. time now quick break stick around though because when we get bad b.p. says it's about to create a. pipeline network and some exciting airline numbers are in i guess former u.s. trading commission. for that is that a break check out the number. the

pentagon is funding a program to boost interest in the military. still

. but some veterans are willing to tell enthusiastic children a little more they ask me call of duty is a very popular video. it's playing. call of duty to turn off call of duty. or. a darker side. to be told. just need more recruits. with me and many. of the other. but not both it was. kind of the sign of this yes. there's no she refused to go in that the city.

where. he will get a good area for immigrants it's hit and miss we never really know for sure but this has been a active area. so i. know. when i started know i. welcome to max kaiser financial survival guide. two years that's without. yanks this is what happens to pensions in britain. you watch kaiser report.

in a move to raise some cash british petroleum vast u.s. midwest and gulf coast pipeline assets may face an initial public offering named b.p. midstream partners the spinoff organization of crude oil natural gas and fuel networks would create a tax advantage structure and a master limited partnership b.p. is worth one hundred fourteen point eight billion dollars but it faces the pay down

by years and a five point five billion in cash to u.s. authorities for that two thousand and ten deepwater horizon rig explosion in the gulf of mexico caused by its macondo well to go along with this oil has fallen nearly fourteen percent this year b.p. runs a thirty five hundred mile network pipeline through the gulf coast the midwest and the pacific northwest of united states coupled with its terminal facilities it transports and stores more than one point three billion barrels per day of oil natural gas and other refined products no word on a possible valuation of the deal but the plant is set for registration of b.p. midstream partners by the end of two thousand and seventeen. in the latest passenger airline scandal a brooklyn family is booted from a jet blue flight and blacklisted from the airline it began when a family's toddler began kicking the seat in front of her the passenger in front requested to move and it was then that things got heated the mother of the girl

says that she was it was simply an issue of a cranky toddler kicking the seat in front of her but the woman in that kicked seat says the mother got deliberate the airline says it led to the mother and her family getting the boot so according to jet blue after a verbal altercation that included physical threats and profanities against a nearby customer our airports team politely asked customers to step off to discuss situation the customers. refused repeated requests and our crew members deplaned the entire aircraft law enforcement escorted them out of the gate area and we provided a refund now it's yet another case of a he said she said airlines skirmish that just can't seem to stay out of the headlines however it doesn't seem to be affecting sales airline quarterly reports are beginning to come out and there's good news for the sector united airlines reports increased passenger volume and profits even in light of that doctor being dragged off a flight all the way back in april here to discuss the status of the aviation

sector and what might be ahead for the airline says former u.s. attorney commissioner bart chilton bart big news big numbers coming out in april though let's backtrack dr david dow was forcibly dragged from that flight we all saw the video when you look at this it's kind of hard to think imagine especially for some sort of p.r. executive and companies like this tougher tasks than to keep customers when they see violent images like that conservative commentator ann coulter tweeted about how she thinks delta treat her unfairly because she's a republican the courts after she escalated a bunch of tweets united has written out this storm pretty well the right they have i mean to your point on the jet blue thing it's almost getting oig sort of the world wrestling federation with with airlines i mean you know airlines and passengers to be fair you got to read read these stories to see what the he said you're going to hear me right through there are both both sides but i mean back in the day used to be that you know writing airline was sort of an elite thing i mean

you did it you dressed up i mean you know people are wearing leggins and tank tops and nothing wrong with that but i'm just saying it's changed and to some extent i think the attitude of travelers has changed too in its being you know we're seeing it in these circumstances but delta but rather united seems to have like you say got in or around it with eight hundred eighty one. million dollars in profits in the second quarter that's up thirty nine percent so you know to them but it's sort of amazes some of us who thought maybe that wouldn't be the case well not only that we talk about passengers you know misbehaving and things like that but we also deal with look at that fare at that we also deal with employees misbehaving it seems that everyone is crowded like sardines into these jets and obviously tensions rise so. when you deal with the sort of customer complaints in the light of social media it sort of changed the game right yeah it has to be now it takes on

a whole different level than it did before before you filed your complaint and wondered whether or not you you know heard anything or maybe you'd get you know a thirty dollars voucher back but things have changed now with with social media the customer. stuff that the airlines do has to be proactive they're trying to do that they need to do things like up the level of vouchers when they're bumping people and they've they've talked about doing that they've done it actually made it sort of amazing there are several hundred thousand passengers a year who are bumped it's only about three or four thousand each year who are in voluntarily bumped the most you can get paid by the way because after this circumstance on united price while they should just upped it to five thousand dollars the voucher then they would you know have say i get all that i get off but if the amount they can the maximum is thirteen fifty that they can compensate on

about two or in cash and have a talk show for that you know you get a flight to new york for two hundred you get thirty two hundred fifty right about your anyway they're doing they're doing a better job of it but it's a different world with social media right you've got to strike back against a narcissus who are going to get on twitter and accuse your people of doing things where you say look that's not appropriate they've got to fight back as well. price sensitivity i mean there airlines are doing better than last year too. they're doing better at well in fifteen they did worse that and then that sixteen they'd be even worse now there's an anticipation that they cannot better primarily because of the fuel cost. delta beat out all of the others so far with one point two billion dollars in profit american cayman next and then there was united that we've spoken about they're all doing ok they have a possibility of doing better than last year so they're positive signs but we'll have to see what happens and fuel costs are

a big part of that ok so are we talking about customer sensitivity to price and also you've got the ability to compare those prices easier. with different apps online it's instant comparison you're not having to wait to get a quote back right so you have fewer consumer got with the noise or those things and people will make a determination unless they have loyalty programs that they just have a penchant for sticking with an airline if a fare is a dollar less they'll make it and there are other apps like seat guru accept terms he can find out whether or not that favor price if you know how i don't want to advertise in here well all those things that mean that we have and i said back in the day we had a different type of air traveler you also have a different type of air customer in that today they're more sophisticated they are doing other things so they'll look at the their price sensitivity price is paramount in all of this but they will then go ahead and say ok that's the price now i'll go to an app like a seat guru there is many others and figure out is that

a good c. just because it's in this class does that mean i gave you the nation's ease that are absolutely ridiculous what i beg that is are the biggest areas of growth for the airlines i mean two point two billion dollars last year and american which i happen to like couldn't travel frequently american alone made a billion dollars on baggage fees so that's been one year to die you have a bag. this big by the way we're going to security always get behind a business bank as you guys know how to get through security very quickly have a bag this bag i don't carry a bag see ok we can't talk about that i'm going to get upset let's talk about who is doing the best overall you did mention americans are in the delta delta is the number number one and the real reason that delta seems to be doing better than the other is that they have a lot of these regional flights where they're a little bit over guidance of but they get to places that people go so when you talk about whether or not the seats is right except in what the price point is you

also look about how long it's going to take you to get to where you know like to be and part of that for delta has been really good because it got all of these regional places that they go a get you there faster and very able to make a profit on that so delta despite. tweeting the word airlines they seem to be doing just very well thank you don in atlanta. part of the pain though it's let's talk about the t.s.a. . of the airlines at the t.s.a. is mercy obviously it's federally controlled it's very important. but when passengers have to go through these metal detectors and things like that it does affect the sort of travel the whole go around scenario that i'm trying to say i find that waiting in lines and then the going to the rules of magnetometer isn't and now i've got to go through this thing where they can supposedly see my whole body but maybe there is a fig leaf that part of my body and. all those things go into customer

dissatisfaction but and certainly if you're an airline you don't want to complain about that because heaven forbid some horrible act happens on a flight or somebody here i don't think something on and as we know from reporting last year there were lots of instances in which people actually a circumvented. the circumstance they're. inadvertently brought water bottles through not that there's anything other than water in it but sometimes they get through the bottom line is that is a part of what people look at when they travel but they get goes back to the price point that's the most important thing then comfort and then convenience goes into things like where you're going to travel and then last week right things like t.s.a. an inconvenience there well you and i both know you spend so much of your life on airplanes now you can't just throw around your money companies can be willing to throw around their money and then of course the comfort question let's talk about infrastructure as a whole donald trump touting this infrastructure ballot complete you and i have

talked about we should put after you first you know how does that play to the future of aviation he's talked about our airports our terminals our tarmacs he talks a great game on the events of. deliverables they haven't been so great now you know what we have is a mirror and scan six pages on infrastructure so he's got a trillion dollar infrastructure plan so that's going to work out to a couple billion bucks per page. yes so he's right on the need i mean we've got third world conditions a little trouble there a lot of time is just horrific they've made some improvements at national here in washington recently but if you look at our airports around the country they're really good and compared to international airports i travel to what we're just really down at the bottom of the heap so we need to do something like what the president says on this is rather expand task but the reality of getting something

done in this climate is really tough i wish they would tandem it with interest or with tax reform as we've talked about the protesting that other but they're not doing it they're not doing it the house budget committee is doing a budget resolution today it's expected to be considered by the house in the not too distant future the senate will follow and it's just really. dollar infrastructure out throw graham thank you so much we're going to bring you on later in the week because we are going to be looking at the six six months out six month increment of this trump presidency and what we've seen the good bad the ugly of the money involved in this thank you so much for joining me on this for me yesterday commissioner part. of the thirteenth annual international mox airshow right outside moscow we got more information on a russian indian cooperation ten years ago moscow new delhi all signed on to

jointly develop an upgraded su thirty super sukhoi also it marks mexican airline interjects says it's ready to buy ten more sukhoi superjet their one hundred passenger aircraft there now other established manufacturers a new kids on the block are running a race around the world american aerospace company boeing recently sold thirty seven thirty seven max aircraft to iran airlines boeing gets a tighter grip on the market with that three billion dollars deal and france's air bus is in a mad dash to fill the chinese market china has signed for the purchase of one hundred forty aircraft at the same time commercial aircraft corporation of china starts production on the twenty one five or promised by the end of that year. that's all for now from all of us here bus thanks for watching the next time. it is one of the basic instruments to drive an economy but it can also lead to

tragedy i did i took a line the whole gist i came to god and that that the debts tie game and inspire not. many lives have been broken like excess in the banks got you into trouble and all the big bankers got big. government about the banks but i just didn't think of the ordinary men who lost mornings through the back under don't buy creditors people see no future bad face from happening you know you become ill you turn to job your relationship breaks down you become a casualty is dead a life long trouble or is there a way out those are sure to come to bed or know would be right to ditch been for. a few more. years will people been saying about rejected and i suspect it's full on awesome the only show i go out of my way to

lunch you know what it is that really packs a punch at least yampa is the john oliver of r t a marriage is not the same we are apparently better than blue the things that i see people you've never heard of love redacted tonight not the president of the world bank though hate us because we're going to. send us an e-mail. people with stories to tell our economy. they also deserve to. stay put i mean sometimes. you see. they're here to speak there to hear.

headline stories. safe to travel to church. following the arrest of several human rights activists. exposed to. the turkish news agency published. in northern syria sparking concern in washington. in the. us president gets record low ratings we look at the polls aren't always as definite.