throw the three hundred dollars dollars. don't go away because of that money matters were talking the housing crisis. take it. china to the middle to continue reading called the young player to touch it. the fact that if and when my other members of the action. if the proposal are present are brought to the actual government department the country's biggest problems are being addressed the traditional be breaking up our corruption and collusion and housing depression often considered a rubber stamping of that will come out of fashion who really get adjusted for the government official told that a lot from that. people really get into that topic early february. the word president of the three to nine thousand ten topic at the neck and were most concerned about the contest nearly ninety percent of users that they came out of the current housing crisis by the online poll survey carried out by to university can people daily. with three thousand questionnaires the kiddies nationwide the problem helping the children of the biggest

the new hope in the hunter to attend in tort for ta bao this uk but two hundred dollars us dollars. meanwhile kim tae young was also offered four hundred eighty thousand dollars to be honored at a super brain. the reality show produced and duncan tv in china. he endorsed the use of the two koreas start the higher the number eight was time to start. chinese media showed that the meeting earnings mentors and are about three hundred fifty thousand dollars for each year. finally from beijing youth daily. debating when to fold government plan to increase the one top of the compensation fee the deputy mayor of beijing yum cha cha. during the two factions of the city government could increase will want help us become the face of the times when top hoping to do it the gunners did eat them with a new and rather dollars each month for those who only have one child the competition he will be given until the child is eighteen years old. this means the total compensation people read only three hundred us dollars. compared to the high cost of having a child the bulk of money for nothing that i ca

thirty dollars. it means to achieve the conduct of the capital. in one of the lectures last year to import about the southeast asia could very possibly take time to play for the world's factory. the dough with labor costs increased in recent years. time is going to get less attractive to those seeking cheap manufacturers today at the country's total population of around three hundred million. nearly fifty percent of them breaking kicking and kicking four years old. the labor force there are three hundred ninety million people top asian country. dip into labor force me. there are many waiting for the opportunity to mingle with each other for years. according to the industry stress from china that topic is happening even exhilarating. for the past ten years world capital of the movement toward adding country. he'll increase of twenty five percent. china's always seen increased eleven percent growth every year. queued up to forty percent of nike shoes are made in china. only thirteen person or maybe not

dollar. so you can't make local currency that looks just like the dollar or is similar to it, and as long as the dominations are equal to or greater than $1. so you can't create a 50-cent bill. and the other key thing, the income that's earned off of that currency has to be claimed for irs purposes, so you can't use the local currency to avoid taxation, but as long as you follow the rules, it's legal. >> so at the local level. >> right, it can't be used for taxes. >> thank you for answering andrew's questions. is this a lame fad like lava lamps, and pet rocks, or is there deep historical roots here? >> there are historical roots that go way way back, but there's a recent trend that goes along. i think with the financial crisis, in 2007 and 2009 where people lost trust in the u.s. banks, and people have lost some of the trust they had in the dollar, but also, i think it goes hand-in-hand with the buy local movement that has been grown and seen in the past few years. a lot of the local organiza

two million dollars. if you fell off the set of measures to keep a . the kid reported that you'd accused us of the upper body disposal paper cups for teacher doesn't it. if that is representative of bottled water with their names on it apart from the cream and topless red carpet and other decorations have also cut out the cake. these are pretty small things but even if the government cut down on the little things people that want security. the securities market weekly report. last year the cover of the seven hundred thousand security personnel for the past during the concert security guard not an un where dollars taking the call to the cost of it all day long contest last year. thirteen do you spell it the security budget would be much higher than last year. it could mean tears back last weekend motivated impatient with the old covenant to hire additional police for the event was to breed beijing about threats minority in the punjab province. the ministry of security has taken over command for both to jum

to $254 dollars yesterday. americans are in a frenzy to borrow money to buy cars and trucks. longer, and more expensive loans are trending big in the auto market right now. twenty-percent of new car loans in the 4th quarter were for longer than six years. the average loan amount--- edged above 27 thousand dollars setting a new record! according to experian automotive more americans are buying pricier suvs, full-size pickups and jacking them up by adding on infotainment systems and gps. and, that oscar's "selfie". was no accident. host ellen degeneres used a "samsumg galaxy phone" to take the now famous shot of celebs.. samsung reportedly paid close to $20 million for product placement.. clearly it worked! still to come: why you could be on the hook for mistakes by the person who does your taxes. plus...we'll reveal "where in the world" is the most expensive place to live. flood zones in the u.s. face an even bigger threat: rising insurance rates. we'll be right back! people living in flood-prone areas of the na

the hundred us dollars per year. many families who like to write a piece of farm land to plant a vegetable looked like a pepper tree there to get a peach and pear tree. we kept thinking about sport has become a very popular leisurely activity for the parents and their children. the trend of renting farmland. carl lot of chinese users to pay attention as well. many of them are working to call the vegetables directly affected by the pollution one word per cent. i have to say that people are too optimistic about the current environment in china. we know that a large amount of heavy metal and the department of soil across the country now a large percentage of carpenter polluted. but don't be bashful from the sponsor of tuna. it's common for the fruit and vegetables to have pesticide residues creating products that people typically one of the new china. hearing officer for high quality products are standout of the country will be made available to super rich. find some great tv. the market had been created for the costly

but what the agents promise, you will get $800 dollars for a month. even i will think of moving there to get a job. >> we visited a small tea shop, and word spread that we were looking to talk to people who had worked on bases. it turned out this man serving tea himself had been recruited for a job in afghanistan - with supreme, a contractor that supplies food and fuel to nato. >> whether they made it to afghanistan or not, everyone here had a story about how they had been cheated. this man, nagaraj, paid three thousand dollars to an agent for a job as a cook in afghanistan. but when he arrived at the base, he was told he would be working as a waiter for a much lower salary. >> at bagram, the largest us base in afghanistan, nagaraj worked for ecolog, the same company that ravi had told us about. ecolog is one of the most prominent subcontractors in afghanistan, working on both fluor and dyncorp contracts. >> it's completely controlled on fear, the fear of losing the job and the fear of losing the job is because they are in debt back home. losing your

it is possible for love to read the book is about a hundred dollars for each one. meanwhile most of the report. the key to report about the club after they buy them. they then need to take hundred us dollars for each month. defeating concentrating. you can guarantee they will perk was inclined to believe interpreting typical important than teaching left all horse riding clubs are struggling though. locals are actually doing very well able to distinguish them the visit. the more likely to appear extremely wealthy individual. remember to feed her a vip member in the oval cricket million us dollars one year. because of the super wealthy clientele the built up a struggle that the provinces of all the right club. keeping up of course people can be very expensive. for the individual who didn't get to the medical cures like go to mongolia could not afford to pay the people who can afford to write freely on a port in major chinese cities are the super wealthy. with the cute well the spirit of the country is not likely that the bull puppy like you quickly. going to request

leave the housekeeper a dollar or two every morning.> if you wait until the end of the week they have already changed staff three or four times. >> moving right along. what about taxis? we turned to long time new york cabbie bob manning. >> the average cab driver probably looks at tips as 20% of his income. >> a lot of people just tip you like one dollar? >> oh, yeah. >> he lets it go. most of the time. >> i had a guy once, i picked him up at jfk took him to the city he's on the cell phone with his buddy in the back just before he gets to his destination he gets off the phone he turns to his buddy and he says, i just made $6 million for myself. then he paid the bill to me, gave me a $1 dip on $52 far,. >> how are you doing, ladies? >> lois has served all kinds at the ticktock diner. treat them like you want to be treated. >> her best tippers? >> people in my kind of work. >> working class of your best tippers. >> is that right? >> wealthy people. not so good. >> why? >> because that's why they're wealthy. >> what kind of tip does she le

the u-s treasury filed plans to sell shares at $25 to $28 dollars per share in a $3 billion dollar deal. it would trade under symbol "a-l- l-y" on the new york stock exchange. meanwhile music- streaming service spotify could add an ipo to its playlist. news site quartz says the company has talked to investment banks about going public, this fall. among ipo-s already in play...shares of trinet group jumped 19% in the first day of trading. the payroll services company opened on the new york stock exchange under the ticker: tnet. it's a healcare related stock that is getting a boost from obamacare. king digital the maker of candy crush contines to get slammed in the market. the stock fell another 2% thursday after losing 15% wednesday. traders are on the lulu look out. shares of the yoga and athletic wear maker rallied 6% yesterday after reporting better than expected profits in the fourth quarter. however, it did say it profits this quarter may be weak. the brand recently launched a new clothing line that expands into everyday wear. a new round of corporate earnings is less than two weeks

dollar? >>we've been watching actually the dollar chop trade right around that 80 even level. it touched down below but then saw a bit of a bid yesterday. so for the most part we're really keeping a close eye on this euro currency. the dollar has been stuck sideways for the most partbasically parked right around this 80 even level.if this can't stir it up in the dollar, i don't know what will. so again, we're keeping and eye on the euro currency at the 138 level. but we need to see some energy. not only energy but some follow through and conviction associated with the trade. for the most part, the dollar has just been married and parked at this 80 even level. >>the russian currency has struggled over the past several sessions. what do you see there? >>i think understandably soi think there's a lot of flight to quality into safer havens and i don't see why anyone would want to hold onto that. i think that some of what we're seeing in terms of activity in the dollar and euro currency. but again, it's certainly under pressure and rightfully so. >>what about oil? we saw a big jump

by eighty dollars so now your initial hundred dollars has been used to purchase two hundred seventy dollars worth of goods and services this process is known as the multiplier effect and it can theoretically go on forever in other words the office furniture company's going to buy something from somebody and it's keep going except that every step along the way. eventually it reaches an end point the multiplier effect eventually reaches an end point as people are taxed as they save money in a multiplier effect can also lose its strength and can reach an endpoint if that initial hundred dollars is not spent here in the united states so when it goes overseas for example if you choose to spend one hundred dollars on a new t.v. from japan multiplier effect would do very little to boost the u.s. economy the boost in the japanese ago. so basically if you take money out of the u.s. there's a very small multiplier effect but if you keep it in the country use it to buy things like local produce at a grocery store there's a much larger multiplier effect that multiplier effect explains why the governmen

stadiums can cost taxpayers millions of dollars or billions of dollars, like the jetblue part in floridaere the red sox have their spring training. some argue it is worth the business and it attracts. phil from the university of south florida says it is not. he spoke with mike mckee. >> we have never found that spring training has to do with the amount of spending that goes on in any location. we see teams moving around and you can look at a county and see whether or not the team comes to the county, do their sales go up. the team leaves the county, do their sales go down? we have never found real evidence. even if the claims of all these people are true, the amount of tax revenue generated by the spending that the state claims is not enough to cover the operation and maintenance costs of a stadium. >> do we go from here to additional sports palaces? are the american taxpayers starting to get to the limit of what they will pay for these things. >> i noticed an interesting trend in miami and dade county, they build a new stadium for the baseball team, not necessarily the most favorite tea

the dollar's high value must have been due to a great demand for dollars in relation to supply.ple solution-- increase the supply of dollars. have the fed start printing money and buying back u.s. treasury securities held by foreigners. but hadn't we just undergone a painful period of monetary restraint to break the back of inflation? if the fed printed money, what would happen to those dread "inflationary expectations" we had been trying to destroy? the fact is that, in an interdependent world economy, we have more variables to consider, and this creates still another difficulty for our already rather shaky efforts at economic stabilization. the employment act of 1946 created a council of economic advisors to give the president the best professional economic thinking. for almost 40 years, this advice was to manipulate the economy to prevent inflation and promote growth. it was called countercyclical policy. by 1985, the man in this office was urging a receptive president to keep his hands off. whatever became of our ability to fine-tune the economy? in the 1960s, we were convin

as part of my eighty million dollar loan given to the north. back in two thousand seven hundred and ten. should the north failed to make the first repayment of the twenty fourth quarter costs of raw materials borrowed people request that the as of the twenty fifth. scotland lol came in the form of raw materials that were used to produce clothing footwear and so. with interest included the tuesday to pay eighty six million dollars to the south over the next ten years. south korea's state run export import bank sent a message to the north last month informing him of his payment obligation. but tell ya has yet to reply. this not the first time. tanya has missed the loan payments. he missed several deadlines to pay down seven hundred twenty four million dollars of loans provided by south korea in two thousand and two thousand seven. all told the commons regime is due to repay the south over nine hundred thirty one million dollars by twenty thirty seven including principal and interest for food and raw material olds. she and an idea in it. one day a

dollars support.icking off in europe, it might shake the euro. -- is atro as that 1.40 right now. time beforeatter of obviously, the euro going lower we have broad-based to the u.s. dollar. >> what are you looking at? do you have one particular bet? i am not saying that you are gambling. >> i like dollar korea hire myself. -- higher myself. that is still a good call. i like what is happening in india. i am not bullish to currency, but i think it is a very good carry target. >> great having you on the program. thating news, a read on uan since china loosened limits on how much it could move. .12%. china doubling the limit. it is day 10 and we have the search for the missing malaysian character entering its 10th days. the operation is being widened considerably with reports that the flight was still communicating with satellite seven hours after losing contact with air traffic control. it could have flown as far as the southern indian ocean. the transponder and other systems had been deliberately turned

the currency will come in 5 dollar, 1 dollar and half dollar denominations still to come: will candy crush be a "game changer" for tech ipos? plus...earnings are on the horizon for oracle...what one trader sees in the charts. and next-- far-sighted. bill moller talks to the man trying to change the way we get our eyes checked. that's next! now this is just cool. it's a start up business that could change - make that revolutionize how you take an eye exam - for glasses. you could do it in your home and online! the company opternative inc proposes to do that. it's won a million dollars in funding. aaron dallek is one of the founders. let me ask you-- does it work? >>it does work. we've been working on this technology for 16 months and this is our 6th version of the software and we're excited to get the studies done to prove that it works. >>i've gone online and it says coming in the summer of 2014. are you still on track? >>yes. we're on track for mid to late summer to launch with our retail partners. >>now are you going to have fda clearance first? is that what's holding it up? >>no.

shares rallied $5 dollars friday. general motors chair mary barra testifies this week about the recall of a flawed ignition switch. gm admits some employees knew of the ignition problem as far back as 2004. the switch problem led to at least 12 deaths. as of friday, the recall expanded to more than 800 thousand chevy cobalt models. also on friday-- gm said its halting sales of certain chevrolet cruze models. the cars include 20-13 and 20- 14 models with a one-point-four liter engine. the automaker says its not a recall and shied away from explaining the cease in sales. the bp oil spill in lake michigan is worst than first reported. bp now says 39 barrels of crude oil leaked into the lake last monday. the previous estimate was 18. the leak is linked to bp's relatively new distillation unit built in whiting indiana to process more heavy canadian oil from the tar sands of alberta. lawmakers in illinois want agressive action from bp to prevent additional spill. drug companies may be in for a billion dollar settlement deal

for fifty dollars so they show one dollar profit the united states and they show forty eight dollars profit in vietnam the doesn't get taxed and then they leave the money over there so a you know they make their money off the american consumers they're taking the money out of your pocket it's they're using your commons they're using you know they're using american engineers they're using american marketing there's they're selling to america but you get to pay for the school system and for the roads and for the commons and everything else that they're making a profit off of and they keep their money offshore it's just it's was it's tax evasion massive scale and and it's one of the reasons why you know we can't afford to to improve our schools and we get it's just it's it's just it's it's crazy anyway you got me started virginia in seattle you want to talk about banking virginia welcome to the program yes i heard it is sick. order a method one hundred ten by john f. kennedy before he died. to resume control over our money to the us treasury and it has both the constitutionally our prin

dollar. but will trading big quo. and you know like an asset give it more legitimacy i think that ultimately really would boils down to is the big clue about the currency value it's really about the plot the payments but for the just think about it in terms of the store value that's where people have the most problem with that at the end of the day once you can get that stored value necessary then you can transact in bitcoin all you want and translate that into u.s. dollars i would be taxed in the area there you go as always i thank you so much that's all from now but you can see all segments featured in today's show on you tube at youtube dot com slash. we also love hearing from you is a please check out our facebook page at facebook dot com slash boom bust r.t. you can also tweet us at aaron aid at edward n.h. from all of us here from the us thanks for watching c.n.n. sounds like. your language. because we don't have any real sunday school some. choose good sense to. choose to tell us that you think are great. choos

they cost hundreds of dollars. note to complete so many continue to do with the deccan and glucose for household registration book that thirty seven times to produce fifty times and the g chord with me three times to the related government department. did someone really completed all the certificate like that. i committed by the average life span. does it mean to apply for one ticket to every two years. help likely that the chinese person can spend their whole life either completed a certificate from the way to apply for that the proposal to combine all the certificates together into one single national system database. the extra support of the idea for which it has been covering and affairs professor plenty of university. he said in a modern society is necessary to require every citizen to have an identified due to begin. it can only provide can be governed and is then filtered into bright that important. val records of the engine them into poverty certificate to report that we cannot give the government subsidy f

this brings me round exhibition opener dollar constantine alexander of one of the most famous paragraph is in austin our area rappers in context and presented his works to regret his recently became popular. carrie graf the origin is from america the sketches on the last change into big pictures of all those considered to be the center of aircraft in kazakhstan constantly humming some dope is in paragraph a professional. it takes him a few days to pay in one picture the ideas come to was mine when he's sleeping the solution use of seminars that the sun does not develop i believe that is good there is some space to move forward. i have many paintings present in my last exhibition. i dedicate this exhibition to upcoming spring the toughest ticket with a number of books watching to see what it is very nice i like it when we happy when the star develops in our city a concert dedicated to the notice was held in austin are the days as a spring holiday symbolizing the new year and in life this holiday just noodles for the bright future. i guess performance of traditional folk music and theater

a valuation of 1.7 billion dollars. grub hub hopes to gain capital so it can expand to more cities. also....candy crush maker "king digital" is powering up for an ipo-- expected tomorrow. it's one of the most hyped ipos so far this year, and one of 14 companies going public this week. herbalife sees some new life after activist investor carl icahn gets three more seats on its board. shares of the nutrition and weight loss company jumped more than 6 percent yesterday after the anouncement. herbalife does face an investigated by the u-s federal trade commission over its business practices and has been labeled a pyramid scheme by investor william ackman. icahn is herbalife's biggest shareholder with a 16.8% stake. general motors struggles to keep angry customers from soiling its social media presence. the auto maker admits that faulty ignition switches have caused the deaths of at least 12 people and is the reason behind a recall of 1.6 million vehicles. now, g-m is trying to deal with the fallout: customers are taking to

dollars. 3 billion shares priced at 290 a share. >> this is a ticker we will be watching for on our terminal. top banks have been forced to accuse them of manipulating benchmark interest rates. it is an implication from london to tokyo. more trouble for bankruptcy stations. >> the court judge has said this seekst can go forward. it class action status to represent a group of investors. this has an impact on individual investors. -- an alleged permitted commission has a subject of a white red investigation. there are 20 banks including j.p. morgan and they can proceed. forhese are also benchmarks things like mortgage securities and 30 year mortgages. fight to many of these benchmarks as well. >> it impacts not only the big boys but mom and pop on main street as well. an issue on this particular lawsuit the violence could be added to it. losses from short positions on euro/yen contracts. libor euro/yen. it is complicated. there was widespread fraud in these markets. the banks have declined to co

dollar. at that point, the dollar became a currency no longer backed by the gold standard. they created unlimited credit. it was just a license to print money. that practice of printing money, unlimited spending has had a costly effect on your bank accounts by severely diluting the value of your dollar. the federal government just keeps printing the money and the value of your dollar keeps going down because of it. take a hard look at how this affects you on a daily basis. when the value of a dollar goes down, prices go up. inflation means higher gas prices, higher food prices, job losses, it goes on and on. in 1975, just a few years after we were taken off the gold standard, a car cost about $4000. now, a similar car will cost you $30,000. that is inflation caused by the weakened dollar. that is not even close to the worst of it. a house in 1975 cost on average about $39,000. that same house now, $300,000 or more. gas back in 1975, 40 four cents a gallon. in some places it is now over four dollars a gallon. it is largely due to the weakened value of the dollar. the value o

look at the australian dollar against the u.s. dollar. if the u.s.ollar can start to show momentum, i think the australian dollar will be back to the moderate edge of the range. they will probably find a little bit of upward progress. >> you touched on this a little earlier. the movements together intrinsically tied. two different things are going to be pulling in different directions. yet the fomc singh tapering will and in october. interest-rate rising in 2015. the many factoring that's a likely to signal a month of contraction here. which way is this going to go? the concern is that authorities are happy to see the yuan dollar against this continuing to move north. -- we are not convinced it can be convinced to stay. does notme china necessitate allowing the currency to be stronger rather than weaker. it improves the purchasing power of chinese households. it will facilitate rebalancing of the economy in favor of consumption. i worry if we do see much further strength in dollar, remembering there are all these structures that are effectively are w

while gold pushed up $6 dollars and oil fell below $100 per barrel. trader larry shover of sfg alternatives joins us on this wednesday morning. good wednesday morning to you. >>good morning. >>how would you describe this market larry? >>looking back to friday and even yesterday the market seems really content to run in place for a lot of reasons. right now we're sitting near highs, people don't know what the next move is gonna be, a lot of consolidation and digestion. >>what about this unloading of oil in the market? what's behind that move? >>unbelievable. yesterday below $100 a barrel and i think half of that is really inventories. inventories came out much stronger than most people expected. there seems to be a little bit less risk premium coming out of russia. and also you have chinaa little bit of anxiousness over that country. >>janet yellen will make some comments next week. traders are already looking forward to that. >>they really are because right now they are expecting yellen to come out with some forward guidance that's qualitative based.

for a dollar, for a dollar, any thoughts on jews? >> not really. [ laughter ] >> none at all?d applause ] okay, stand up, stand up, stand up! >> jimmy: hurry up! >> okay, shut up jimmy! [ laughter and applause ] >> jimmy: i don't know what's going on! >> you're on at 11:30 and you think you're a big shot? bring back ted koppel! [ laughter and applause ] okay here we go. and for a dollar, who do you like better 2 chainz or angela lansbury? >> angela lansbury! >> that's correct! [ cheers and applause ] that's correct! okay, final question. on this question i want everyone to stand up and answer in unison. get up! get up! here we go. on the count of three, for a a dollar, everyone say, "i love morgan freeman!" one, two -- >> audience: i love morga -- >> not yet! [ laughter and applause ] not yet! one, two, three -- >> everyone: i love morgan freeman! >> yeah! [ cheers and applause ] >> jimmy: season three premiere of "billy on the street" tomorrow night, 11:00 p.m. on fuse! juanes performs after the break. we'll be right back. [ cheers and applause ] ♪ could save you fifteen perc

concern about the dollar. the dollar globally for payments is still the dominant currency but its position is being eroded slowly over time. at the moment other national currencies are the competitor in global markets but the tenacity of bitcoin indicates something really fundamentally wrong with the dollar. i think we're all agreed on that. melissa: yeah. let me ask you, as we start to get closer to the end of our time here, how does the whole fed thing end? is there a chance that janet yellen is able to land this whole thing safely? that we see this continuing taper, 10 billion, 10 billion, 10 billion and it is all fine? what do you think, steve? >> well, i hope they do it and sooner the better. again they're still continue manipulating interest rates and they still don't understand that money doesn't move the economy. commerce does. money is simply a measure of value. melissa: right. >> they keep trashing it, manipulating it, they haven't learned the lesson yet. melissa: jerry, what do you think? >> i would

dollar/ruble, dead flat. if anything, the ruble is up against the dollar by 0.1%.een a lot of talk about russian companies repatriating funds from abroad. not much evidence. very speculative. if you were a russian company, is it safe to bring it back to russia? that is something you have to think about. >> we have some interesting ratings agency moves. fitch put russia on negative outlook. they reaffirmed their rating on the u.s. and removed it from the watchlist. they are suggesting that russia has more to lose here than the u.s. does. >> at least in their analysis. i thought what was really interesting wasn't so much what they thought about credit ratings. not many investors are looking at that anymore. what they think about growth is pretty punchy. they are for 1% growth out of russia. that is way off the 5% this country was delivering. for a lot of people, that is the bottom line. they are going to have weaker growth. >> some of these russians who are under sections have basically left it off. one individual who has come to billionaire,a big mr. timchenko. what

that would surpass the previous record high at seventy one billion dollars of state. absent a local construction companies say they transcend play their team strategy and other foreign markets as well. like blacks in america and africa the onions. korea seems to perform better on the tray fun compare to japan last year the korea institute for industrial economics and trade said monday. i bought her a lot the record high annual trade surplus of over forty four billion dollars japan posted a record trade deficit of over one hundred ten billion dollars last year despite the weakening yen. he is sick it says the competitiveness of major korean exports such as semiconductors and other parts contributed to the record surplus despite the unfavorable exchange rate the boycott of japanese products in china sparked by disputes over territory and history also played a role chris first ever electric vehicle expo is currently underway in the country's southernmost island of cheque nine and young who was at the events as korea is increasingly keen on replacing vehicles that run on

>> there is not a dollar limit.e home equity line of credit i can deduct all interest paid calendar year 2013 with a maximum loan value of $100,000 if i have to a home equity 50,000 per piece i can deduct all of that interest because we have seen the past couple of years we have lost interest deductions we used to be able to deduct credit-card interest. so now they have financed their home to retire that debt. also if you have lived in your primary residence to ratify years you can deduct up to do to reduce $50,000 of capital gains so together they could deduct 500,000 provided they live there to out of the past five years. gerri: i would love to think that i have that but not until years later. what about the home office deduction? >> sba estimates that 52 percent of all u.s. businesses are home-based with this deduction many people don't benefit because it was a red flag for an audit. a lot of taxpayers say i will not even bother taking it because they don't want to go through the audit but they had issued full gu

in loans and two billion dollars in grants as well as four billion dollars in new credit from the european investment bank through two thousand and sixteen the deal has to be approved by all members that's one of the points though and before the money is available all those guys got to agree there are also said he discussed details on thursday with ukraine's interim prime minister while he's attending an emergency summit of leaders in kiev and basically the bottom line is if ukraine wants the money they're going to have to fight for it. some call it a barbarous relic others call it money james turkey is one of those guys he calls money now james has over forty years experience in international banking finance and investments in two thousand and one james co-founded gold money where he remains the director today he has a new book out called the money bubble what to do before it pops and i started my conversation with james earlier today by asking him what the book was all about take a look. money itself is important to society and we've really lost sight of what money is money is not credit

dollar.coincidentally comes at a time when chinese growth is weakening somewhat and certainly weaker currency would help their exports. david: it also has something tog community in china, does it not? >> that's right. the shadow banking market or community in china is huge. upwards of $7 trillion. david: wow. >> if you look that compared to the subprime mortgage market here in the u.s. that pretty much brought down the global markets for a while is 1.2 trillion. david: is it about to go under? is there something about this we should know? >> what happened a lot of these infrastructure projects started in china were backed by these bond that were issued and i think what happened was when these buyers of the bond went in they felt that they had guaranty from the chinese government, guaranty from the bank -- david: you're talking about, by the way, one housing project after another that are now empty, right? >> that's correct. we went over there you saw china with their massive growth over the

china fourteen point three billion dollars the netherlands nine point seven billion and france five point three billion. the main suppliers of imported goods or country are china and germany and the us the customs authorities feet seven point two billion dollars to the state budget six and will improve its world bank to dismiss construction permit in decatur. but twenty positions vice minister of regional development say mccain made a statement. the term for getting an architectural plans and technical specifications reduced from portuguese to five to seven days. besides it is planted the three requirements for obtaining a design firm if this type of permit has different with the ministry of environment sector control authorities and ministry of emergency situations the stock reports that thirty new projects that the industrialization mouth and forth about seventy seven billion single of the lights in the card in their region the region is oddly implemented fifty one projects last year ten projects worth five point eight billion think you were implemented and four hundred fifty five

dozens of dollars a day hundreds of dollars a day i can do the math in my head that that's a lot of money. so who's really causing our nation's economic problems. it's america's real welfare queens are billionaires and corporations as bill quickly points out over common dreams even the cato institute estimates that federal subsidies to corporations cost americans nearly one hundred billion dollars every year and on the state and local level and that was federal and state and local level state and local governments provide at least eighty billion dollars in subsidies to corporations according to a study by louise story of the new york times some of america's largest corporations shell ford chrysler for example received more than a billion dollars each from state and local governments and then there are the indirect subsidies taxpayer money that indirectly benefits the corporations researchers at the university of illinois in the university of california berkeley found that american taxpayers pay a staggering two hundred forty three billion dollars a year in indirect subsidies just of

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reuters reports the ipo proceeds could top 15 billion dollars. josef schuster, whose company tracks the ipo market, explains what the hype is about. "it's a preeminent e-commerce company in domestic china on the mainland, so it has huge growth potential and has full access to the chinese consumer." meantime, investors in yahoo-- which has a 24% stake in alibaba -- saw shares climb 4% yesterday. the company stands to collect billions off the public offering, which could then be used to issue a dividend or stock buyback plan. sears and lands end are parting ways. the retailer will spin off its lands end clothing business, which will begin trading on the nasdaq april 7th under ticker "l-e." shareholders approved the split late last week. sears -- which has struggled in recent years --recently told investors, it has experienced rare sales growth this winter. sears stock is up about 1 and a half percent. britain's vodafone -- already the second largest telecommunications company in the world -- just got even bigger. the company says it is buying ono,

tax dollars for the nation. that's what we need to be on a path to a decline debt to gdp ratio and a decline deficit to gdp ratio. >> not a way of raising money but it gets no real benefit, right? to pay interest on the debt. >> our budget decreases the amount of interest we will be on the debt by $236 billion. >> the baseline budget that cbo gave us projected that interest would be $880 billion in the 10th year. you project 212. the reason you project less, i assume come is because you've got a trillion dollars in tax increases. >> in addition -- >> but either way, doesn't this mean we've got to their financial house in order because our future is threatened financially as dr. elmendorf told us a few weeks ago? >> i think as we talk about our fiscal matters we need to connect them to why we care about our fiscal matters and that is to do with the help, the economic health of our nation. in terms of economic growth and jobs. we think in the president's budget we've laid out the path that is the right path in ter