tony shaffer joins steve zune is on our panel then just a few billionaires rule the entire world carlos slim sheldon adelson just to name a few names if they want something they throw money at it but how does it effect mean you are now all of that and more including a dose of happy hour but first take a look with mainstream media decided to miss. so unsurprisingly the economy is still topic number one and as usual the mainstream media isn't giving you any real details about the economy they're not even making any connections between the love fest for jamie dimon on the hill yesterday and the lack of regulations on wall street or anything like that but no instead they are still going on and on about the back and forth between obama and mitt romney in mainstream media land the battle of words is all that really matters disappointing new jobs numbers came out this morning as john boehner is asking democrats what is being done about it he's been talking about a jobs plan that he would like to see the congress this is the pleasure to be going back to that message today that he needs to remind peo

thrown around but again you have democrats embracing what used to be a republican position because carlos slim and other people his equivalent in this country are pouring money into make sure that that's the only point of view that that's represented the unfortunately in the entire republican party and now in larger and larger sectors of the democratic party as well what's your take i mean i think that it's fine to also want to overhaul social security and means test it so that we people who actually need it get those benefits i don't think that we should eliminate the security net that catches a lot of people but let's be absolutely clear that the way that it works is currently broken i mean if you're going to retire and are going to rely on your social security savings i mean you're you're crazy you're out of your mind you're not going to be able to to afford very much and we should be able to support people who need that kind of support and we should not go. people who are who are purchasing cadillacs and driving around miami providing them with benefits that they don't actually but i don't

that that you didn't mention is there are saving damage you know here we have you know you have carlos slim saying we should push the retirement age back seventy and you would have jamie diamond pushing the simpson bowles plan that basically does the same thing up in front of a group of senators only two of whom haven't received campaign money from jamie diamond then how can you avoid thinking that these guys are really calling the shots and then neither party is really standing up to them well i mean it's interesting that you would bring this example up i think it's a great example and it works very well with the point that i want to make which is that when we're talking about citizens united and money and politics we're talking about people trying to convince other folks of their own perspective they're not funding candidates they're just trying to get their own message out now there's a different thing from when you're giving contributions to a particular congressman so i would say that it's a good thing when you enable people to not have to give money to a congressman to get your messag

all right it's time for show and tell on tonight's program last week we told you how carlos slim the richest man in the world suggests of the retirement age should be raised to seventy to reflect life expectancy rates but as you pointed out that isn't the case for many poor people they're not the ones that are living any longer so we want to know that if you thought the retirement age should be bumped up to seventy it's going to produce a pretty reason to send you to find out what you had to say. i'm in the streets of d.c. to tell people the nation's capital what our viewers had to say on twitter facebook and you tube and see which comments we should keep or delete. the richest person in the world carlos slim suggested raising the retirement age to seventy so we asked our viewers do you think that their time in a chat really be raised to seventy well tim wrote in to say retirement should be lowered to fifty three years old so you can enjoy what you have worked for and open up the job market to the next generation what do you think i would absolutely agree with that and especially as

thank you for your responses and here's our next question for you earlier in the show we discussed carlos slim suggestion the retirement age be raised to seventy to reflect life expectancy rates thing is for many poor people life isn't getting any longer so let's get your take do you think the retirement age should be raised to seventy but if so you think on facebook twitter and you tube and who knows your response just might make it on air. now thanks to last year's indefinite detention provision the n.d.s. become an acronym synonymous with injustice but the annual defense spending bills more than just a vehicle for back door tyrannies the unfortunately before the indefinite detention provision most people probably don't even know what the n.d.a. was they know that congress has to approve funding for the pentagon or for our wars abroad but not necessarily the vehicle through which it happens so what the indefinite detention provision did was shine a light or shine a light on for many americans was that it's not just great forward finding it that gets put into this massive piece of legislation

in screwed news the world's richest man mexican cell phone tycoon carlos slim doesn't have to worry about his own retirement but he wants the rest of the world to worry about their speaking in the newspaper el universal slim call on developing nations around the world or developed nations around the world to raise their respective retirement ages to seventy slim said that because people are living longer today therefore they should be working longer to slim echoes what a lot of very wealthy people here in the united states are arguing for raising the eligibility age for social security from sixty five to seventy that includes multi-millionaires like congressman paul ryan and billionaires like lobbyist pete peterson but what these oligarchy don't understand is that they're the only ones living longer the rest of america's workers aren't according to the economic policy institute only the top fifty percent wealthiest americans have seen their life expectancy go up dramatically from seventy nine years to more than eighty five years the rest of us can plan on only living around seventy nine y

the richest man in the world, carlos slim came from lebanon. his family came from lebanon to mexico. virtually had no money, but his father was an accountant. so he would give him an allowance, something like five pesos. he actually made him keep a journal on how he spent this money. this is the richest man in the world today, an emigrant to another ucountry. he started at a very young age. is there something going on the house, we're talking about education, but the 21-year-old who never had a real interest, and it's hard to kindle that. at what age can we push this down to really make it almost sort of second nature? >> first of all, the first place it needs to start is the home. and that's already been said before. >> that's been said. >> basic financial literacy and principles need to be taught at home. >> if your mom doesn't know about it, then, we're talking about policy. we're talking about government intervention. at what point should they say okay we want the school systems. >> the biggest civil rights issue we have right now is educat

joins stephen soon as on our panel then you're just a few billionaires were all the entire world carlos slim sheldon adelson just to name a few names if they want something they throw money at it but how does it affect i mean you are not all that.

shaffer joins stephen soon as on our panel then just a few billionaires were all the entire world carlos slim sheldon adelson just to name a few names if they want something they throw money at it but how does it affect me and you are not all that i'm working tonight including a dose of happy hour but first take a look with mainstream media decided to miss. so i'm surprisingly the economy is still topic number one and as usual the brains.

move along the newspaper el of you i guess would be pronounced the mexican newspaper says that carlos slim the the fellow who basically owns the cell phone industry of mexico the richest man one of the richest men in the world the richest man in mexico has called for all the develop nations in the world to raise the retirement age to seventy and this is in the context of people like billionaire pete peterson here in the united states advocating basically the same thing turned on social security. paul ryan talking like this and meanwhile over in france just one on a platform of reducing the retirement age from sixty three down to sixty where it was up until three years and it's france and for in france is doing quite well right now thank you very much and in fact when they originally dropped the retirement age what they saw was that more young people came into the work into the workplace and unemployment went down shouldn't we be lowering retirement age should we lower social security eligibility age to sixty and get a whole you know get five ten million people out of the labor force make r

corner of this globe untouched and then we'll just talk about billionaires ruling the world as carlos slim tells us that the retirement age should be raised to seventy sheldon al adelson says that he's going to spend a hundred million dollars to make sure obama doesn't get reelected it just seems more obvious that you know all the power these days is concentrated in the hands of very few people. that is all coming up next with the ilona show in just half an hour a lot of thank you that's going to do it now for the news if you missed part of any part of this show today you are in luck because we post all of our interviews on line and follow you can just head on over to our youtube channel that's youtube dot com slash r t america click comment and post you can also check out our website and that is r t dot com slash usa and you can also follow me on twitter outlets well we'll see you right back here and a half hour hour and a half that is seven o'clock be here. the climate of american power continues. are things in our country so bad that might actually be time for a revolution. and it turns

>> carlos slim has been on fire. if he's a buyer i'm tempted. invest in argentina where they ex-appropriate. you never come back. i remember it from anaconda copper. i'm that old. terry in nebraska. >> caller: the biggest boo-yah for the oklahoma sooners. >> nice. >> caller: i want your take on whz. >> that stock is saying that oil will continue to go down. i'm going to side with dan dicker, cnbc contributor and writer for realmoney.com. what a fabulous piece today. he said this is the bottom in oil. i'm going with him. michael in indiana. >> caller: boo-yah to you. >> boo-yah, bud. what's up? >> caller: not much. wnc. >> cummins has not bottomed. i can't touch anything in the sector. they make flat bed trailers but they are best in show. the stock is very weak. i can't touch any of the truckers until cummins stabilizes. let's go to burton in pennsylvania, please. >> caller: what's going on? >> not much. how about you, chief? >> caller: doing well. i have a molecular diagnostic company for you my fellow philly dude called myriad genetics. boo-ya

we talked about how carlos slim bought an 8.4% stake in the company.ok on multiple wire services, the wt, any of the websites, you still see the headline slim buys ypf. be careful here, as you dig in more, it's interesting. slim apparently acquired the stock basically through a company in argentina in lieu of a loan. right? has to do with loan defaults. very complicated. the bottom line appears not if slim went out there in the open market and bought 8.4% optimi optimistic of ypf but the peterson group and that 51% stake that basically argentina renationalized from spain. still, a lot of wire service, a lot of stories saying buys ypf but he bought it through another company in lieu of a loan. be careful on the story. >> and dropping below $12 on that basis. brian, thank you. final trade's next. the hyundai genesis. in a new, faster-acting formula. s tio-y siin lxtes zemethan a porsche panamera s. the 429 horsepower genesis r-spec. from hyundai. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, as

the headlines that carlos slim, the richest man in the world, buying a stake in this company.ers, "wall street journal," ft, forbes, you name it. the story is you dig in more and we said this on the air, basically he bought it through the back end of a company that was defaulting on debt. so basically, was given the shares in lieu of a loan in exchange for cash. not like he went out and bought ypf because he liked it. so the stock up 18% at one point and then people started to realize, we went out and people said, hey, not an optimistic buy. a story, one of the ones to dig in more. a headache generator. >> down by 67% year to date. >>> osiris, moving really well today on good news. >> from? >> new zealand! >> i only threw the stock in there literally because they had news from new zealand. >> why? because you think it's the same as australians? >> no. you want do go to war with each other any given day. a poke there on a friday. new zealand with a news on a stem cell treatment. >> meantime, take a look at what's going on with rimm. are you sitting down? >> i can't sit down. no

carlos slim stepping in, taking an 8% stake in ypf, those are the numbers.today than the president of argentina. ypf shares are higher today, guys. back to you. >> that's a good story. thanks so much, brian sullivan. >>> facebook, since the ipo in mid-may, share of the company down 25% since then. what lessons can be learned from the way they approached going public? bill gurley joins us here at post nine this morning. good morning to you. good to have you. >> thank you. >> in general, your take is they tried to be a little too cute. >> if you look at how they structured the ipo, they did a number of things to try and increase floats. if you look at the tech ipos, a lot of them have been criticized for being too low float and, therefore, you get this big hop afterwards. so they took a lot of efforts under way to increase the size. they gave inside investors incentive on early lockups to participate. so they pushed the float out there. maybe that took that too far. >> the time b might have been misguided, too. we need they were resistant to going pup in the f

carlos slim, one of the coolest names for a billionaire. is he the tops?quired an 8.4% stake. talk about wealth disparity. ypf was made public last month. a 51% stake owned by spanish oil company repsol. >> i don't know what to do. >> i'm very excited about the outcome here. >> kevin costner has come out a winner in a lawsuit versus fellow actor steven baldwin. costner had been accused of cheating baldwin in a multi million dollar deal to sell cleanup devices to bp in the wake of the 2010 gulf oil spill. baldwin and his business partners made about $17 million. costner claims baldwin was not entitled to anything because he pulled out before the deal was struck. >> costner was mad that baldwin got out and sold these shares and took the profit away from him and he hadn't invested anything into it. >> i remember reading that kevin said that when an actor goes around and says, i've got a machine that's going to clean up the bp oil spill that it's hard to be -- >> taken seriously. >> and i think it kind of did work and i think they ended up selling some. >> i t

and a more than 8% stake in ypf has been bought by carlos slim.er this week, moody's downgraded ypf into junk status. it jumped after hours on thursday. >>> and would you pay thousands of dollars for a computer that is 1,000 times slower than your iphone? someone just might. sutherbies is offering off the first apple computer today at 10:00 eastern. it was built by steve wozniak way back in 1976 with a circuit board, micro cassette interface. only of the apple 1 computers are still in existence and six, including this one, do work. it is expected to go for $180 thour >>> and round one of the u.s. open golf tournament is in the books. and michael tohompson, is in th lead with 4 under par, but mr. woods is just four back. only six players out of the field of 156 were under par. one of them, nick watney turned in the shot of the day on the 17th hole. knocked it in for the rarest of all birds. an albatross, or as you might call it in the united states a double eagle. it is only the third albatross in u.s. open history. you also remember there was one

it is a massive sum, especially when you consider that the world's richest man, carlos slim, is worth $69 billion. some analysts say it's another bizarre piece of an unprecedented case of bernie madoff pretty much sentence of 150 years and it is also intended to make up for peter madoff's light sentence of ten years. make no mistake this isn't the end of the madoff saga. sources close to the situation tell cbs news other members of the madoff family could take the next fall, including bernie's son andrew and peter's daughter who face civil lawsuits alleging they used the investment business as a, quote, family piggy bank. so far, they have denied all and any wrongdoing. >> rebecca jarvis, thank you. >>> on capitol hill today, house lawmakers including some democrats are expected to hold attorney general eric holder in contempt of congress. >> that's because holder refuse to turn over some documents related to the "fast and furious" gun running operation. sharyl attkisson who first broke the story is in washington. if this passes today, what happens next for the attorney general? >> re

the richest man in the world, carlos slim, came from lebanon, his camly came from -- family came fromebanon to mexico. his father would give them an allowance, he made them keep a journal of how he spent this money. this is the richest man in the world today, an immigrant to another country -- not ours -- but he started at a very, very young age. so i'm wondering has something gone wrong within the government? we talk about education, but it feels like, you know, the 21-year-old who's never had real interest in this, it's hard to kindle -- at what age can we push this down to really make it almost second nature? >> well, first of all, the first place it needs to start is the home, and that's already been said before. >> that's been said. >> basic financial literacy and principles -- >> but if your mom and pop don't know about it, you know, we're talking about policy here, government intervention. >> right. >> at what point should they say, okay, we want the school systems -- >> well, i'll say this, the biggest civil rights issue we have right now is education in the inner city. and th