[honk] henry ford supplied mo than the model wesked economic analystomic. richard gi to discuss factors that contribute wesked economic analystomic. to incased proctivity. we have arthe slogan,re's a for" there was a ominent ford inur past.henry rd gao on the factors that make foeconomic gwth. he showed us that imany iusiesbigger ca. heook advantage of the rapidly growingamerit that imany iusiesbigger ca. to exploit what economistsall economies of scale. as he increased oduction, his average costs per car fe, enabling him to lower the price and expand production. second expandingased e amount of machinery, plant, and equipmenteach la. this was an increase in the capital/labor ratio it was exemplified this wby those cs,chai, and dris in the capital/labor ratio that his workers used. thirdly, he did everything in new ways. andesigned a different product.re intced a novemeodof procti- e assembly line. he was, according the gre, intan entrepreneurf procti- e asit has been said thatankee know-how made america gat. henry ford was one yankee who did know how. space

you said henry ford is the icon that will be ordered -- honored next year.hat can we expect to see? >> you will see a very limited edition iconic watch. i'll will be part of what we have lunch, a foundry. is a very broad concept. we had to get a 100 year old brand and really turned it into a modern brand based on heritage. not only do we have bikes and watches but leather goods, journals, etc.. the henry ford watch will be an extension through the foundry which is a club that one belongs to want one buys one of these watches. we do this every year and honor the great american series. >> thank you very much. we have more next on "taking stock." ♪ >> this is "taking stock" on bloomberg. let's go to mark crampton. >> thank you. new data for american homeowners. household wealth rose 2.6% as improvement in the home and equity markets boosted american balance sheets. worth rose by 1.9 trillion dollars from july to september. new york city make it three inches of snow tuesday from a storm that dropped eight inches of storm on philadelphia. it left thousands withou

in that way, he is the henry ford of space.enry ford did not invent the automobile, he figured out how to make it commercially viable. >> musk was more than just an entrepreneur. >> if you few asked how he managed to teach himself rocket science, he read a lot of books. ♪ >> 32 year old elon musk at his next idea. he wanted to find a way to end earth's addiction to fossil fuel. >> i suggested going into the solar power next to wind. >> he has this idea and says to his cousin come if you want to start this, i will fund you. i will be the chairman. they said, ok. it works almost perfectly. >> if you do 100 things 10% better in that area -- you can dramatically and solid date the industry that is currently a bunch of mom-and-pop shops. how about no money down? you want solar cells? we'll put them in. you don't pay a cent. it is like leasing a car, but even better. >> the company became the largest solar service provider in the u.s. >> had this idea that he wanted to make electric cars. he wanted help humanity get off of fossil fue

i'm for what i call the henry ford economic philosophy. he raised the salaries of all of his nuts.erybody had money to buy cars. so, yes, you do need to raise the minimum wage. >> they qualify for prehealth care and they get free cell phones and free cell phone service. and due to the expansion of food stamps, many get free food so where are you with your thinking? >> what is the point that you're making? >> they're relying on government subsidies. and they depend on the taxpayers to subsidize their worker. >> it's not such a depresses situation that you complain about. they're getting the additional cost benefits. >> they are getting the initial cost benefits. but the real problem are not the problem are not the things being talking about. the economy is growing more slowly than it has in the last 50 years. the economy is growing slowly. and what happens under those circumstances nobody can afford to pay higher wages. you can say whatever else that you want about the wealthy and i don't disagree with that. but nar is a weak economy and it makes it impossible for us. and we're not

the ford foundation now is almost a detached second iteration of its original henry ford identity. so i just want to make sure that the ford foundation cooperated with me. i also want to make clear that although i do give some time investigating the george soros foundations and the new israel fund, the new israel fund was very, very help pull in all of my work and very transparent with me and hit just about nothing, which is why i was able to get just about everything. so, let's talk about what the new israel fund is doing. the new israel fund is getting charitable donations, but it's not a charity. the new israel fund is a social action entity. it is a political entity. they like to say, we are not about soup kitchens, were about social change. and they fund about 800 other ngos as nongovernmental organizations in israel. .. >> in a multitude to tell me that they believe that the new israel fund is committed to destabilizing the israel defense forces and erasing the jewish identity from the state of israel itself. i'll be specific. i'll give you just three names, but there are many

and the life of henry ford is recounted in the rise of henry ford. also for an extended list and links to other publications for the 2013 book selections, visit the booktv website at booktv.org. >> i traced through the narrative of a woman's life and so the book looks at girls and how we raise gross and what kinds of expectations that we as a society put on as girls and young women. in this includes issues around body image that is different for women still. which is a really painful chapter to write great looks at marriage and babies and housekeeping and agent. and so it really tries to follow the arc of a woman's life. and so i would just like to touch on three of the issues and i have chosen him at random and i thought that it would be nice to touch upon. the first is beauty and body image. the second is marriage and how it has and has not changed and the third is housewives, which you might be a little young for, but you can probably imagine it. so let me just start by talking about beauty. and i don't -- i don't suspect that i have to argue too

not fair, but -- >> all i'm suggesting is that if they shared that a bit with their workers, like henry ford did way back in the day and paid $5 so his employees could buy the cars they were producing, that's exactly -- >> the walton family has created hundreds of thousands of jobs, has done -- >> good for them. >> done. >> what they haven't done is paid them a fair and living wage. >> back to the minimum wage point, because when you talk about employment, i would assume we care a lot about the people who are at the lowest end of the employment ladder, particularly those who have the hardest time, that tends to be historically teenage male minorities. when you raise the minimum wage, the people who are the first -- the last hired are the first fired. they are the ones who do not get the job. that is why it is the example with supply and demand that has given in the first -- >> why would you pay more to stay in a low income job, low-skill job longer. >> because most of the people working minimum wage are adults. that's a very. but really you're example assuming human beings are widgets. human

i remember henry ford that wasn't great in some issues, but he said i want my workers to be able to buyne of my cars. which is smart. >> exactly. the difference is -- one thing the recession did was a great leveller. before you had a middle class, you had a striving middle class and sort of identifying themselves in a lot of ways with the rich. the apparitional 1990s where everybody feels like i could be a dot-com millionaire. now you have people who found themselves for the first time in the lower middle class. who used to think of themselves as middle class. when i was a kid you go to a fast food joint, the person behind the counter was a teenager. now the person in a fast food joint is a parent with kids, a mom raising a family. you now have adults, not just seniors and teenagers in those low wage fast food checkout type jobs. you have people who are trying to run a household on that income. americans really understand this. now you have an issue broadened out to the middle class where they can identify themselves. with the lower wage worker. they're not an alien too lazy to get a be

and since the days of henry ford, the american auto industry kept its hand on the wheel and its footthe accelerator. detroisold the big car. and american drivers bought it. high gas mileage didn't mean much to people used to 30 cent gas. 1973 changed that. war in the middle east and an oil embargo were followed by short supplies, gas lines, and skyrocketing prices. higher gas prices de datsunsan. to some, importing japanese cars meant exporting american jobs. so why not just cut imports to save jobs? for drivers, cars are transportation. but in detroit, cars are jobs, good jobs, and lots of them. for auto workers, more imports would mean more layoffs, often permanent layoffs, and a search for new work by men and women who had spent their lives on the assembly line. president douglas fraser of the powerful auto workers union took the workers' case to washington. his members and their employers needed protection from their japanese competitors. protecting auto workers and the auto industry made little sense to believers in free trade, like economist robt crandall of the brookings insti

debt this is it this is the all the sum total of one hundred years of central banking right well henry ford speaking of the car business he stimulated demand for his cars by offering as workers increased wages in cash but now in america the idea is to increase demand by offering workers access to more debt more credit which is a slippery slope into hell because that debt of course comes interest payments and the interest on america's debt is not greater than or approaching america's g.d.p. as it is in japan so the global interest of the global debt is approaching the global g.d.p. and you enter into this slippery vortex of credit. collateralized hell where no amount of revenue or taxes will ever pay the debt which is exactly what the plantation owners want we'll be living on the field no well but you also see the fact that it's very top heavy there's a toppling going on because the basis of the young workers coming on first of all they don't earn enough income but the fact that there is so much debt whether it's student debt or credit card debt or auto loan debt or auto loan sub prime debt

so the ford foundation now is almost a second iteration of its original henry ford identity. i just want to make clear that the ford foundation cooperated with me, and i also want to make clear that although i do give -- i am in the spend time investigating that george soros foundation and the new israel fund, the new israel fund was very, very helpful and all my work. very transparent. paid just about nothing which is why i was able to get just about everything. so let's talk about what the new israel fund is doing. the new israel fund is giving charitable donations but it is not a charity. it is a social action entity, a political entity. they like to say we're not about soup kitchens but social change. and they find about 800 other ngos non-governmental organizations in israel. in many of those organizations have been doing very important work uplifting impoverished families existing battered women looking for ethnic equality in a country that so many ethnic a coming together to pull the cloth. so there is lot that they are during that is very good which is important to re

whales because he pushed down the price of oil it was no longer profitable to how best to extinction henry fords. it does not matter that is motive was profits. he made automobiles affordable for the average middle-class american. the same is true of most of these so-called robber barons of the late th and early 20th century. john: thank you. up next, if i put on a fake beard and chemistry of people beard and chemistry of people give me monúp@@xcçx who you are or what you do arthritis does not discrimite i thought it was an old person's disease, then it happened to me i was dinosed with arthritis when i was four years old. i was two i had just turned 50 i am one i am one of over 50 million americans affected by the chronic pain of arthritis. i am one of 300,000 kids with ahritis. we are your friends... we are co-woers we are your kids there are more of us out there than you would think. we are the face of arthritis at the age of 25, i had to stop working. by the age of 12, i had both my hips replaced. sometimes it doesn't aow me to be the mom i want to be. we are the face...of arth

whales because he pushed down the price of oil it was no longer profitable to how best to extinction henry fordmobiles. it does not matter that is motive was profits. he made automobiles affordable for the average middle-class american. the same is true of most of these so-called robber barons of the late 19th and early 20th century. john: thank you. up next, if i put on a fake beard and chemistry of people give me mon before you settle for another ordinary mattress, isn't it time you discovered the sleep number bed? becausonly the sleep number bed offers dual air technology that lets two peopled the perfect balae of comfort and support for their bodies. their sleep number setting. ok, right there. and only the sleep number bed is clinically proven to relieve back pain and improve sleep quality. oh that feels really gd. it's hugging my body. and right now, we're offering our lowest prices of the seon. save $300 to $800 on our newest innovations. it's the perfect time for you to try the sleep nuer bed. plus, for one week only, special financing until january 2016n all sleep number beds. ends new

whales because he pushed down the price of oil it was no longer profitable to how best to extinction henry fords. it does not matter that is motive was profits. he made automobiles affordable for the average middle-class american. the same is true of most of these so-called robber barons of the late 19th and early 20th century. john: thank you. up next, if i put on a fake beard and chemistry of people beard and chemistry of people give me mon what about jobs? no? now try your closet. still no jobs? just more... stuff? well, you really have both. see, "stuff" is defined as "household articles considered as a group". sometimes this stuff is no longer needed. wait, no longer needed? that can't be right. because remember those jobs you were looking for? those are really needed, and they're the stuff inside your stuff. our job is to unlock those jobs. and it starts when you donate your stuff to your local goodwill. here's how we do it: when you donate to goodwill, we sell your stuff to provide job training for people right here in your community. so just by teaming up with goodwill, you help create

whales because he pushed down the price of oil it was no longer profitable to how best to extinction henry forddoes not matter that is motive was profits. he made automobiles affordable for the average middlclass american. the same is true of most of ese so-called robber barons of the late 19th and early 20th century. john: thank you. up next, if i put on a fake beard and chemistry of people beard and chemistry of people give me mon ju by talking to a helmet. it grabbed the patient's record before we even cked himp. it found out the doctor we needed was at st. anne's wiggle your toes. [ driver ] and it got his okay on treatme from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and adums. but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. ♪ john: it will come to an end. the sooner the better the billions we spend on foreign aid. much of which is squandered or stolen. i agree with ron paul and his son, the senator. we should stop almost al

henry ford builds automobiles. didn't matter his motives was profits. the result.utomobiles, affordable for middle-class americans who that before. the same is true of most of them. >> thank you, ben powell. up next -- >> red to freeloady to freeload. >> if i put on a fake beard and beg on the street. will people give me money? just by talking to a helmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and adiums. but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. [ female announcer ] today cisco is connecting the internet of everything. i'my body doesn't work the way it used to. past my prime? i'm a victim of a slowin? i don't think so. great grains protein blend. protein from natural ingredients like seeds and nuts. it helps supp

whales because he pushed down the price of oil it was no longer profitae to how best to extinction henry fords. it does not matter that is motive was profits. he mad automobiles affordable for the average middle-class american. the same is true of most of these so-called robber barons of the late 19th and early 20th century. john: thank you. up next, if i put on a fake beard and chemistry of people give me mon this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, noarning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% casback on every purchase, everywhere, every single day. so let me ask you... at's in your wallet? ♪ john: it will come to an end. the sooner the better the billions we spend on foreign aid. much of which is squandered or stolen. i agree with ron paul and his son, the senator. we should stop almost all foreign aid. the one li

whales because he pushed down the price of oil it was no longer profitable to how best to extinction henry fordtomobiles. it does not matter that is motive was pfits. he made automobiles affordable for the average middle-class american. the same is true of most of these so-called robber barons of the late 19th and early 20th cecentury. john: thank you. up next, if i put on a fake beard and chemistry of people give me mon this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. now tell me, what's in your wallet? [ male announcer ] they are a glowing example of what it means to the best. and at this special time of year, they shine even brighter. come to the winter event and get the merces-benz you've al

what is the best way to -- henry ford said if i listened to my customers i would have made a faster horse privacy. the day that we start seeing drones flying all around are the day that people are shooting down the drones. there is a town in colorado where they are giving people drone hunting licenses. this is what is fascinating about this. the march of technology intruding on privacy is coming. but the push back is coming. the push back from americans who are jealous about -- thank goodness about -- >> the criminality will come -- >> >> you can buy a drone for $1,000 now. i did a story on go pro for "60 minutes" a lot of people are attaching go pros to drones and you can get amazing footage. >> there are amazing civilian -- >> but the idea this is going to be -- how does this work? a gps coordinate? >> that's what i'm saying, the criminality that could connect to it. thieves will catch other people's xboxs. >> they can deliver something to your front lawn but it will be a copy of the "washington post." >> up next, stories you might have mixed. what's your story? we'll be right back. bef

that came out today according to a board member, the great-grandson of henry ford he says he will be sticking around through next year. but you knew that because he knew of me and said that he was going to be on the board through 2014. but as that gets to be reaffirmed, look what happened to microsoft's stock. falling more than a dollar. 3787. you can see, right around there was where he made the comment. i am going to ask about all this happening today regarding that and has plans to conquer the chinese market. and in just a moment the bigger feel right outside the fox business studios. on the street. you have not seen it. we will be the first to show that to you. the brand new mustang sports car egested that. what is really interesting is that want to sell it in europe, asia. we will see what he thinks about that. microsoft is gearing up for a change in their leaders. financials are bracing for a brand new era. tighter regulations, large banks are feeling the heat today ahead of next tuesday's final vote on the so-called volker rule. let's get to nicole petallides on the floor of t

here's the president speaking henry ford museum and sitting in the bus where rosa porks refuses to giver seat. joining me now is associated press photographer and a member of the press corps. a white house photographer and a contributor to "time" magazine. good morning to you. >> good morning. >> you are not alone here. charlie, i look at the photos and the public might say so what. the white house does some photos and you are in front of the scenes. what do they say? >> the public needs to be aware that these white house photographs that are released are taken by photographers that are hired by the administration to make the president look good. >> somebody edits the photos. when i say edits, it's not like the release in the zone. >> in the not about pete. there is not a wide view or different viewpoints of that event. it they say it's closed press and they release a photograph, that is the white house's view on the events that happened. >> the white house's bush back is hey, this is technology and we are still trying to figure out how this should work in the media news cycle. what do

with henry ford saying, i want to pay these people so they buy my cars. >> hi-wage, middle-skilled jobstoday there is no high-wage middle-skilled job. every middle-class job is getting pulled in three directions. pulled up where it requires more skill. pulled out where more people and congeners and software can do it. or pulled down, outsourced faster than ever. so the thing that got us through the 1950s, the 1970s, the 1980s and climbing in the 1990s and 2000's, it won't do it for the 21st century. everyone has got to be in the process of lifelong learning. >> the internet allows that. >> we will be able to do it more cheaply. i wrote this book that i liked youhe time, "the startup of ." you have to own it now more. it applies to me. it averages over for me. before this thing with china started i became a columnist in , january 1995 for "the times." and i inherited the office the james reston used. in the washington bureau of "the new york times" what a thrill that i inherited this great editor and columnist used. i suspect when he was writing his column he would get up every morning a

i remember henry ford that wasn't great in some issues, but he said i want my workers to be able to buyne of my cars. which is smart. >> exactly. one thing the recession did was a great leveller. you had a striving middle class and sort of identifying themselves in a lot of ways with the rich. the 1990s where everybody feels like i could be a dot-com millionaire. now you have people who found themselves for the first time in the lower middle class. when i was a kid you go to a fast food joint, the person behind the counter was a teenager. now the person in a fast food joint is a parent with kids, a mom raising a family. you now have adults, not just seniors and teenagers in those low wage fast food checkout type jobs. you have people who are trying to run a household on that income. americans really understand this. now you have an issue broadened out to the middle class where they can identify themselves. they're your neighbor, your dad, your brother-in-law. and people when they can understand that, the minimum wage feels like something that affects them too. >> when i go to the airpor

henry ford, john wayne, even colonel sanders.hip. you'll need to demonstrate good characters and belief in some sort of supreme being. oh, in almost all lodges, it's men only. next you're up for a vote from grand master james sullivan. >> the lodge votes to accept you then you have the three degree, is that you go through. >> once you earn the third degree, yes, that's where the phrase comes from, you can join any number of masonic off shoot. he's a degree mason and historian at the house of the temple for the supreme right. it's that big building in washington, d.c. >> this isn't like the masnic vatican but it's important. >> absolutely right. it's one branch of freemasonry in the united states that's our headquarters building. >> inside the temple lodge room is a stunner. downstairs, there's this. >> this is the flag that buzz aldridge went to the moon. >> wow. >> it's tiny hats and small cars are your thing then there are the party animals of freemasonry the shriners. you may know them better for their 22 childrens hospitals w

look at henry ford who not only produced a car that his assembly line men and women could afford to buy, he also shortened the workweek and increased wages. we were the industrial giant of the world. detroit was the greatness of america. government didn't do this. you did this. government didn't discover create motown greats like smoky robinson or diana ross. today doesn't need to be any different. we need to look at ourselves, look in the mirror and allow ours the freedom to create and innovate. you have leaders like this. think of dan gilbert of quicken loans that are pouring their hearts and souls and money into detroit. quicken loans has spent more $1 billion in detroit over moved few years and 3600 employees into the city. creating thousands of jobs. quicken loans and sister companies have 12,000 employees working in downtown detroit. quicken loans is proving all the naysayers wrong. go to quicken loans at woodward avenue and you'll get a glimpse moved it's future flt 3600 employees into the city. creating thousands of jobs. the en loans and sister -- i don't say this to make a par

there that they just have to undercut workers who have dedicated their lives to make detroit what henry ford once made it? i don't buy it. it is a sad day for the city of detroit, and it's a day that we are seeing democracy in america completely undercut. earlier today, a federal judge ruled that detroit is officially eligible for chapter 9 bankruptcy. it's the -- it's the largest municipal bankruptcy in the history of the united states. here's the engineer, right here. governor schneider. it is a major blow to public employees. it is a major blow to union workers. but it's also a signal to the rest of the country that, you know what, if you don't get your fiscal house in order, this is what's going to happen, because this is now the template. don't think that other governors aren't thinking this way. especially on the conservative side. you see, pension means you've paid into something, and benefits are going to be slashed by the city. assets are going to be sold off and privatized. oh, yes. privatization. that's, of course, what the republicans want to do with everything. in fact, public w

and again, the plan is just as henry ford was amazing and edison was amazing and the wright brothers were amazing. one of them as sebastian hooley is german that he's now an american because he wanted to come to an entrepreneurial open society where you could do the exciting things and you thought you couldn't in germany. it was too conservative and closed to new ideas. so he started working on artificial intelligence at carnegie-mellon. he participated in the earliest experiments that brought him the self driving car as a project that the defensive research project agency set up the prize and the early cars didn't go very far. the were in the mojave desert. they didn't go very far and they were not reliable. they get better every year. he was the head of the self driving car project. he then decided he that teach the course on computing. and they had announced they were going to teach the course at stanford and they were going to make it available online. they had 400 students in the classroom. they had 151000 signup. drove the stanford administration creasy because how do you regul

there's a -- and, again, when you talk about pioneers of the to future, just as henry ford was amazing and edison was amazing, the wright brothers were amazing, there are people wandering around today who are amazing. sebastian thrun was german, but he's now american because he wanted to come to an entrepreneurial, open society where you could do exciting thing things that he thought you couldn't do in germany, too conservative, too closed to new ideas. so he started working on artificial intelligence at car megy melon. he participated in the earliest experiments of building a self-driving car as a project that the projects agency set up a prize. and the early cars didn't go very far. they didn't go very far, and they weren't very reliable. they got better every single year. he then moved to google, he was the head of their self-driving car project. he then decided he would teach a course on advanced computing, and heed and vice president -- he and the vice president of research for google announced they were going to jointly teach a course at stanford, and they were going to make it a

more involved, when when he is mpaigning of he had ison and firestone and who visit with them, henry ford and involved in the conversation, she is talking to them, things are changing. > ellen on facebook, did grace coolidge vote. be publicly? >> she did. >> what was happening with women in politics as a result of their ability to participate with the vote? >> people thought they might vote another way, but they didn't. should they be in politics, and here were a few female appointments, no cab knelt ladies. it was more modest. >> so this was the time of the talkees came into being, the first films that had sound attached to them, this was the first president and first read. a short clip of president coolidge with film and sound. >> i want the people of america less for the work government. i want them to have their own industry. this is the chief meaning of freedom. until we can re-establish a accomplish until the earnings can be kept by the people we are curtailmentfer by a of our liberty. >> announces the opening of thanks giving day of the 22nd of the christmas field the proceeds go t

henry ford was amazing, just as he was amazing and edison was amazing and the wright brothers were amazing sebastian was german and he is now an american. because he wanted to come to an entrepreneurial open society where you can do exciting things and he thought he couldn't do it and it was too stuffy, too conservative. so he started working at carnegie mellon and he participated in the earliest experiments of building a self driving car as a project that set up a prize in the early cars did not go very far. he did not go very far and they were not very reliable and they get better every year and then he moved to google and he was the head of their project. he then decided that he would teach a course in advanced computing and he and the vice president of google announced that they were going to jointly teach a course at stanford. they were going to make it available online. they had 400 students in the classroom and they had 151,000 people sign up. it drove the stanford administration crazy because how do you regulate it and how do you know that they are getting this and why are they not

henry ford once said coming beginning. the staying together is progress. together, that is success. show we can work together as a country, facing this and prove to future generations that we were up to newtask of building a transformational health care marketplace for all. thank you very much. [applause] >> we have microphones if you want to raise your hands. we will bring a microphone to you. >> thanks for your remarks. said that the ultimate objective on a bipartisan basis performance high quality marketplace. word, do you that think that where we are headed is a marketplace where health plans, an exchange a largerat includes share of the population so that the risk pool is larger, the morecan be spread and there is more to giveion among plans us more incentive for quality and cost control. if that is true, noting that the act only takes us so far in that direction, the next step? >> that is a great question. could you hear the question in the back? good. ok. time, in the interest of i haven't collaborated on my i --all field metaphor but this gives me an opportunity to talk abou

look at henry ford who not only produced a car that his assembly line men and women could afford to buy, he also shortened the workweek and increased wages. we were the industrial giant of the world. detroit was the greatness of america. government didn't do this. you did this. government didn't discover and create motown greats like smoky robinson or diana ross. today doesn't need to be any different. we need to look at ourselves, look in the mirror and allow ours the freedom to create and innovate. you have leaders like this. think of dan gilbert of quicken loans that are pouring their hearts and souls and money into detroit. quicken loans has spent more than $1 billion in detroit over the last few years and moved 3600 employees into the city. creating thousands of jobs. quicken loans and sister companies have 12,000 employees working in downtown detroit. quicken loans is proving all the naysayers wrong. go to quicken loans at woodward avenue and you'll get a glimpse of detroit's future flt the result has -- i don't say this to make a partisan point. the fact is both parties are to bl

henry ford once said, coming together is a beginning. staying together is progress. working together is success. let you would can work together as a country facing this tolerant dutch -- facing this challenge. building a new transformational health care marketplace for all. thank you. [applause] >> we have microphones if you want to raise your hands. we will bring a microphone to you. >> thanks for your remarks. you said that the ultimate objective on a bipartisan basis is a high-performance high quality marketplace. stopping with that word, do you think that where we are ultimately headed is a marketplace where health insurance plans, an exchange system that includes a larger share of the population so that the risk pool is larger, the risk can be spread more uniformly and there is more competition among plans to give us more incentive for quality and cost control. if that is true, noting that the affordable care act only takes us so far in that direction, where is the next step? >> that is a great question. could you hear the question in the back? good. ok. again,

henry ford. is that fair? the man of the future and the company of the future. what better way to appear that way than to go on "60 minutes" and reveal these drones. if something else, it was a wonderful ad for amazon. >> got us talking about it. >> i think there's more than just that. i think that's part of it, but they're trying to smooth the way forward for the drones. bezos just bought the washington post. you could imagine him delivering the washington post to houses. maybe not just in the d.c. area. he has an infrastructure that would spread it across the country. >> amazon today. other companies that have stuck their toe's s in the proverbial water. is it more about branding? can they really deliver? >> no pun intended, right? >> if anyone can, it's amazon. they have these fulfillment centers. that video wasn't filmed in the united states. they wouldn't shoot in the united states because of the laws right now that govern the use of drones. >> brooke, you know, the federal aviation administration has bee

henry ford did it when he was starting his company.cars if they make enough money to, you know, to buy them. >> david, why aren't companies doing that? >> they don't have to. there's so many unemployed workers out there that they don't need to give raises in order to get workers. i think part of the answer is it would be great if the economy were growing faster. fortunately, there are a few sign that that may be beginning to happen. it's a good thing that congress has decided to relieve a little of the pressure of the sequester, the across-the-board spending cuts. that was hurting the economy. the second half of 2014 2013 -- of 2013 is promising. next year if unemployment comes dunn, worker are more scarce, companies will have to pay more, and as john says, they have the cash to do it. >> okay. i'm going ask you to stick around because up next, we're going to talk about the year's biggest winner and losers in the business world. thanks, guys. we'll be back in a minute. ♪ [ male announcer ] at progresso, we believe the second chapter of

>> we haven't revealed the cost but the neat thing about the mustang we're going to accelerate henry ford'soriginal one. jenna: the question what is affordable for americans today is a big question. we got a reading on economy today. first reading shows maybe the economy is a little stronger than folks thought. but you have to be looking at economy. >> absolutely. jenna: what do you see for the year ahead? what do you think about the strength of the american economy overall? >> we might just start with this year and in our case, our november sales, where the best sales we've had since 2004 based on the strength of the economy but also the economy is starting to expand. it is around 1 1/2 to 2% now. what we see is maybe 2 1/2 to 3% next year and even that's a slower recovery from previous recessions. we're climbing out of one of the biggest holes we've ever been. the neat thing for automobile industry, average age of vehicles is nearly 11 years old. with the new vehicles, quality, safety, you can economically obsolete older ones. even though it is slow, the fact we're focused expanding econo

just as henry ford was amazing and edison was amazing, the wright brothers were amazing. the people wandering around today were amazing. one is a guy named intan shan. he's german but now an american. he wanted to come to an entrepreneurial, open society where he could do exciting things but he thought you couldn't -- it was too stuffy, too closed to new ideas. he started working on artificial intelligence at carnegie. he participated in the earliest experiments that building a self-driving car as a project that research project agency set up a prize. they didn't go very far. they were in the mo vaf -- mohave cease earth. he moved to google. he decided he would teach a course on advanced computing. and he and the vice president of research for google announced they were going to hold the future course at stanford and make it available online. they had 400 students in the classroom. they had 151,000 sign up. drove the stanford administration crazy, was how do you regulate it? and how do you know they are getting a stanford-quality course. why aren't they paying tuition? [l

henry ford once said, coming together is the beginning. stay together is progress. working together, that's success. let's show we can work together as a country, facing this challenge and prove to future generations that we were up to the task of building a new transformational health care marketplace for all. thank you very much. [applause] [inaudible] >> hi, senator, it thanks for your remarks. [inaudible] high-performance, high-quality marketplace. stopping with that word, chief we are ultimately headed is a marketplace for health insurance plans? in other words, in exchange system that includes a larger share of the population so the risk was larger, the risk can be spread more uniformly and there's more competition among plans to give us more incentive for quality and cost control. and if that is true, noting that the affordable care of it only takes us so far in that direction, where is the next step? >> that's a great question. could you hear the question in the back? good, okay. again, in the interest of time, i haven't elaborated on my foot oilfield metaph

henry and karif ford were sent to prison in 2003 for burglary and bank robbery. henry finished up his time eight months ago. thompson has a long rap sheet of narcotics and he was released from jail four days before the murder. kevin roberts is currently part of another active criminal investigation. all four facing charges in the murder of dustin freedland gunned down in front of his wife. there's still no word on who actually pulled the trigger. >>> a new problem on the space station. a second space walk delayed until tuesday so astronauts can swap out a space suits. american rick mistrasio, his original suit was compromised when he inadvertently turned on a water switch. >>> a christmas miracle at a florida k-mart store. a donor has paid off the lay away bills for nine families. for months they've been staying with relatives after their rental home went into foreclosure. >> my little girl told me the other day that she knows that christmas is about being with family. i am incredibly thankful that she will have something to open so that she still has the magic of

henry ford's original vision was to have a full family vehicle to serve all the segments.ous segment. we love supporting our customers. and, of course, this vehicle here, now for the first time is going to be sold worldwide. people have been waiting for this vehicle. now our one ford plant can deliver what they really want. phil, the pony is being let out of the corral. >> that's a line your marketing people have been working on for a while. >> i love that line. >> what's your vision when you look at next year in terms of the auto sales and the demand out there on the market. will we spend next year seeing auto sales over 16 million? >> it's clear to happen. clearly a strong year for sales this year. strongest year for ford since 2004. our forecast year-end is probably 15.9, maybe 16. the economy is growing slowly, but we're recovering from the deepest recession is we've been in. if the economy moves from the 1.5% to 2% on gdp -- >> and today we heard gdp at 2.3%. >> that pent up demand where that average vehicle is over ten years old, any of our new vehicles from ford, yo

. >> very quickly, wouldn't a business get a lot out of the henry ford model? and wouldn't that be like a huge pr for a business? >> if a business could do that, if a business could do that they would have done it already. they wouldn't need the federal government telling them to do that. it's instrubtive the examples we're hearing, fast food strikes, airport in seatle, these are union-backed campaigns to try to create a discussion, try to demonize large companies but at the end of the day all they're doing is restricting opportunities for sort of the people at the bottom rung of the career ladder in an environment where you have 20% unemployment in young adults and people less experienced. >> that was really interesting. thanks to you both. >> thank you. >>> pearl harbor survivor kicked off a plane on his way to attend a remembrance ceremony. wait until you hear the justification for this. this is going to outrage you. ♪ word on the street santa is coming tonight ♪ ♪ reindeer flying through the sky so high i should be making a list i know ♪ and to keep our com

of evidence pointed to this irvingten home where police arrested hanif thompson and karif ford and basim henryivered news to friedland's family. >> we have been in touch with them and i can't speak for them but their cooperation and support of mrs. friedland is what you would respect, remarkable. >> reporter: a neighborhood of his parents express relief but says the punish will never be enough. >> they should be executed without a trial, okay. they're pigs. they don't deserve a trial. did they give him a trial? no. >> reporter: each man faces a maximum penalty of life in prison including murder, felony murder and carjacking. prosecutors hope the arrest will help reassure the people of ess county. >> that was jackie reporting. >>> a 60-year-old italian washington institution closed up shop. served its last meal yesterday. the classic italian restaurant was started by immigrant luigi back in 1943 and the most recent owner is his niece, deborah, who lived above the restaurant as a child. the restaurant is facing growing deaths and increased competition. still, it was a tough decision to let it go