tita minutes to typing this on an econ one of these kind of thing for me sick. the memories of nineteen seventy one. one estimate based on the bhakti had fought alongside pockets and not me the object of affection having gone the next moment he was accused tried and convicted of all kinds including maths mind of identity. the day but the sun was starting to phase of their homeland. when searching far and said this at no cost and by using bm identity. some states of seafood like pieces of the regime in nineteen seventy four. the standstill and i feel in the oakleigh can be a permanent residence on a quiet baltic sea in it but this time as this and he didn't want to see off democrats the teens in ending in a disputed didn't see them cause they are going head to not skilled migration from pot this time but the fight to the soul who i didn't think i'd like to read most of the sage has been donated to our code of the icc has built this company offices and why didn't want to buy them in the chic outfits but it was a little moment of the love that one. on the wooden em

the first is rin econ park. the third is linear park called --es sex park. >> it appears you have maybe that's a section that isn't two way? >> when it hits octavia, actually when it hits laguna, the bus turns to the left. if it's heading downtown because right at octavia haight comes one way. >> the return route is the part that's impacted. the other part on haight street. i look at some of the old pictures and that's the kind of neighborhood that would lend itself if we would just run the buses there. just something to think about. i think there would be a lot of interest in people riding it and it would add to the economic vitality of those businesses and the city park. then there were comments about the fee deferral, but that's already over. is that correct? >> that's correct. the programs, i forget if it was june or july of this summer. the few projects in the could -- cue are still entitled but future projects would not be able to. >> if a speaker brought up some projects are in fee deferral. at what point

econ teacher what he can achieve. he said the photo two local team concede to work on the political war to the beach. in going. did he the day. oh yes you can change yours the location it was. and causation. i want oft times its own. in the city. it's due. i would win the war. he is. yes she teaches. i just want to leave the site i want to look. she squeaked by. reduce pollution i am deeply soulful iraqi people want to let you go you meet people like teachers can call the tricks he will keep it. i need fourteen she looked awful. do you know what you show me how old you. you should look to god. yes it is useful. i am treated to tea the gentle cool aqua should teach the people who were team might tell you i'm shorting gold or teachers. he will be cool the jackal catch up so keep your chin you like to be looking to the need to be changed beyond all really you will all compete for the one who typically to meet a chilled glass. me i'm sure were easily over for tea. we usually do i'm sure cranky. i will call on the beach. i

econ 101, if you raise the cost of something, you get less of it. in fact -- >> every study has shown has recently reviewed this. the university of chicago school of business, hardly a liberal lefty organization, has studied the whole state of studies that have looked at minimum wage. they have found the overwhelming majority of them say that raising the minimum wage does not affect unemployment. let me tell you, in this walmart example, you have the waltons who own walmart. six of them are richer than the lower 42% of the -- >> that's 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 l

it seems like any outfit with axes to smile train or compete to study econs must've taken to social media like it docks to war to mainly concerned about how to get the image out there and a fast pace. in many data protection is something only old people worry about. as in ten teenagers among the most intense active in latin america. what is the main and penned a letter to tune in to the puzzle quest to keep up with as the monza being cool on the net. what is aires the capital of argentina there are some seventy million mobile phones the country now has more than that it does inhabitants and a loss of those people are completely dependent on this month funds. my income data belonging to the new facebook generation. in the past three years the use of social media or in argentina has increased by almost seventy on the sands the two bills but surely never put down their smartphones. certainly not seen this free time. it's done. we used them to amuse ourselves and communicate with our friends. and to get information. it's just more practical and useful spectacle with the elite ice t's what to

unless you work for econ. but the exterior, you got all of these constraints about the core and economics and the existing building. and the result is you know not a lot better than what was before there. >> there are ways that we can use paint and other light-weight materials to dress up and address the bottom half of the building. >> yeah, the ground floor is great, and opening up the bays. and the design of the upper floors i think is fine. it's how it works together. >> i think there is a way to marry the additional floors to make sure they are complementary and address the other half. commissioner ant nan -- commis antonini. >> it's well done in my opinion, and we have approved a lot of buildings where we added additional floors during my time on the commission. and i don't remember many asking for a set back on the new addition. and it emphasizes the dumpiness on the lowers. what the virtual elements do is tie that lower element to the newer element. and give it a more graceful feeling, it's taller and t

he wants united states to start funding paid to is no i mean i think this is that what started as econ of the one hundred say that you want the united states to stop funding big taters and have been bringing democracy or at least promote democracy on the other hansei an option it's by the united states is getting rid of dictators in libya and syria because those people bring stability to the country i mean that's a double standard ok that's why the united states supports the dictatorship in saudi arabia i think russia all right surely if you're only there run out of time shouldn't be i really appreciate you both being on the program many thanks my guests in london and in new york and thanks to our viewers for watching us here darkie see you next time and remember cross talk rules. and these will. so. i know c.n.n. the m.s.m. b c news have taken some not slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth from them i think. it's because one whole attention and

protect marketplaces so get air we've got a comment or you know who just doesn't understand basic econ here's another one this is a vague just wondering what that living wage would be why not fifty dollars truly prices would rise to offset most real gains and many especially the unemployed which is suffer from the runaway inflation created good businesses are right by goodfellow it is called freedom actually tiredly wong so. again just wondering what that living wage would be fifty dollars well how about using teddy roosevelt's definition he came up with a with a living wage he in fact invented the phrase back and i think around one thousand nine hundred five and he said it would have these pieces number one would be enough and after curly all of them show normal standard of living it's best as i can imitate teddy roosevelt's voice you can actually find it on the internet you can hear it thomas edison made the recording so there was enough to live on reasonable life a standard high enough to make more reality possible another year of the steal food . to provide for education and recrea

he had the former foreign minister of june in econs teacher detention it seems that mr gyngell has been instrumental in making sure that it's macabre because he could come here to germany he also it seems that helped things along to make it a miss because he could have received a visa. we don't know how much more going to see if the midst of articles the half day of the act gives this press conference later on sunday the bus will polarize the focus right now the seawolves the house to say when he faces the world's media for the first time as the fremont in ten years that is honest and i spent on russian jet informations and exams that were on was one of the fence to greet the help of a coffee on german soil and he is told how to say. his face didn't change in the past ten years i haven't seen him for ten years. you might think he had been the most is humor. he still low. there will be strong look. sally's on camera i was invited by the former german foreign minister hans dietrich get a chance to kiss on him in his push to reduce costly playhouse position of poet uncle from the us to the

>> econ is great lesson in bitcoin security soap -- so keep the cash.nted to point out -- a lot of people thought this meant that cornwallis is insecure -- bitcoin wallets are insecure. if you were to show your internet banking username and password on live television, you would not do that because you know, you have been using the system for so long, you realize if you did that somebody would probably be able to get into your bank account and anti-it -- empty it. >> now there are more wallets i need to keep secure. >> a lot of people feel these alternative currencies are a bit of a scam because it has become harder and harder to mind bitcoin -- mine bitcoin. a lot of other currencies have popped up. they are easier to mine and make money so the idea, at least among the serious bitcoiners, that people are just popping up to get rich quickly and not really as concerned with the movement of visual currency -- digital currency. >> and there are those who think bitcoin might be a scam and those that think that others are a scam. can be a scam, it is that ma

so you know again here we've got a comment or you know who just doesn't understand basic econ here's another one this is vague just wondering what that living wage would be why not fifty dollars truly prices would rise to offset most real gains and many especially the unemployed which is suffer from the runaway inflation created good business is a right but good fellow it is called freedom actually tiredly wong so. again just wondering what that living wage would be fifty dollars well how about using teddy roosevelt's definition he came up with a with a living wage he in fact invented the phrase back in i think around one thousand nine hundred five and he said it would have these pieces number one who would be enough and after curly all of them show normal standard of living just as i can imitate teddy roosevelt's voice you can actually find it on the internet you can hear it thomas edison made the recording so there was enough to live on reasonable life a standard high enough to make more possible in the region of the steal food to provide for education and recreation in other words

it is a huge problem and i have spoken with douglas aekon an econ bhoist says we might be look at a generationle who might not be getting the job promotions they might have. i want to commend lz. he might even agree with rand paul a bit. there could be a culture of dependency. if you are drawing on getting government checks then what is your incentive to get into the work force. i think that's a very valuable and important point of conversation and debate and congress is having it when it comes to food stamps and unemployment insurance. we will see how that pans out. >> we also are talking about raising the minimum wage would help. >> that's one of the things. all right, we will leave it there. lz, you will have to blog as to whether you think you do agree with rand paul. thanks so much, both of you for being on our panel. >>> just ahead, maya angelo's heart felt tribute to nelson mandela. you don't want to miss what she told anderson cooper about the death of her good friend. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we

but the best way to do it is invest in etfs like econ that invest in the middle class in those countries. countries that supply them they have more disposable money and more successful we are. an area that underperformed this year which is interesting for the future. we think people need to make sure they're not overly invested in u.s. stocks because they so outperformed the rest of the world other than japan very likely they need to look at rebalancing their portfolios a little. cheryl: that was very specific answer. glad you got to all those countries. larry, look at year, the last month of trading volatility has been low. with all the good news, larry, are you orried about the vix really popping in 2014 and kind of the brakes getting hit if you will for the market? >> we might see temporary spikes in the vix but you know i look at the market as a whole. you look at fx volatility, energy volatility, metal volatility, it is all very low. it is in the sub10% tile as judged over the last three years. that tells me we're in macro calm right here. could we get as you little spike in the vix

yet, you don't need to be an econ major to understand stocks, and if you don't understand supply andand then you'll be mystified about how stocks move and a mystified investor is a bad investor. know your metric, people. if something is in tight supply it can go higher and if there is a ton of it, you can bet it will go lower. stick with cramer. [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> hey, look, after the close red hat was terrific and jim whitehurst told us it would be. nice work. i promise to find it right here on "mad money." i'm jim cramer and i will see you tomorrow! >> you can buy gold. w

hear of this off ramp we felt disneyland's sat power in this econ a lodge we felt all that was summoning for if the shopocalypse. this morning we and our camera person katrina, one of the super sized me people but native to the sparks we drove into the parking lot and in the parking lot of disneyland we can't see the magic castle yet or the famous concrete matterhorn that looms over main street u.s.a.. they somehow got in earlier that day with their robes in their backpacks and purses. this makes us smile a good omen. the disneyland is a designated target they say. in the landmark of americana with lady liberty and mount rushmore according to those of homeland security, so as we stand in the entrance rituals the security folks search us and i feel the general by something music coming back into the time and the trail and deny heavily there is excitement here in disneyland and the people well this is christmas day. so many families have decided to spend christmas in disneyland. one of them had said it used to be closed on sacred days. of course now the church of retail and used magic has

yet, you don't need to be an econ major to understand stocks and if you don't understand supply and demandstified about how stocks move and a mystified investor is a bad investor and know your metric, people. if something is in tight supply it can go higher and if there is a ton of it, you can bet it will go lower. stick with cramer. [ male announcer ] here's a question for you: the energy in one gallon of gas is also enough to keep your smartphone running for how long? 30 days? 300 days? 3,000 days? the answer is... 3,000 days. because of gasoline's high energy density, your car doesn't have to carry as much fuel compared to other energy sources. take the energy quiz. energy lives here. >>> hey, look, after the close red hat was terrific and jim whitehurst told me it would be nice work. i promise to ma find it right you right here on "mad money." i'm jim kramer and i will see you tomorrow! >>> the economy is slowly recovering, the fed says things are good enough to start tapering. the stock market on a five-year rally. and, yet, president obama is at the low point of his presidency. his p

we could go back to the econ lodge and make a french film. this is crazy. she says know it is overcapacity of no one else is allowed until later tonight. and maybe not even then. >> can watch the entire event on the web site, booktv.org. up next in the block of programming on consumerism in america is at wargo porter a member of the editorial board who appeared on after words to discuss his book the price of everything solving the mystery of why we pay what we do. here is a bit of that program. >> you're new book is entitled the price of everything solving why we pay what we do. it serves as an interesting premise so much of economics relies on the concept of people do things that make economic sense to them. they weigh the cost of benefits and compare and contrast and a decade ago i think most economists would have said there is no mystery to why people pay what they pay rational people doing what rational people do. why is there any mystery to what we pay about things? >> i would say in fact that promise has been proven wrong and that the idea of the perf

. >> pushing it up a year, i as a taxpayer don't like when people -- >> a little econ 101. what's going to happen at the end of this year, you're turning these exchanges into high-risk pools and going to have a bunch of insurers who are going to drop out. already the narrow group of plans is going to get even narrower. you undermine the -- we might not see 2015. >> by the way, one year, by eliminating -- >> it's the key here. >> by eliminating the penalty on a big chunk of the uninsured, i believe this will change. he's eliminated the penalty on these people who are exempt. that takes the supreme court argument kind of off the docket. >> this is not -- >> because this is the part that's so interesting to me. judge roberts made his case on the penalty being a tax. now, real quick, i have to finish this segment. if there's no penalty, there's no tax. and if there's no tax, there's no law. >> there's no law. the law needs to be pulled off the books. the president of the united states an not unilaterally go around the congress and remove a tax on part of the populous it was --

>> i wish i were saying that the baby boom is free market, but we were all steeped in econ 101.o i don't think we know anything about free markets, really. but what we do know about is individualism, the sanctity of the individual, the fun of the individual. to some degree, the responsibility. we're a very, very individualistic generation. and all that central planning stuff, all the socialist ideals or fascist ideals for that matter, they don't stand up to the kind of individualism that the baby boom represents. >> right. >> we may not mean to destroy them, but we will. >> one last one, and it's got to be quick. >> yeah. >> one last one. barack obama is a baby boomer. your thought, p.o. o'rourke? >> he is such a statistical outlier. he is technically a baby boomer, but hippie mom from iowa, partially raised in indonesia, absent kenyan dad, grew up in hawaii. the guy is so different from the rest of the universe that i don't want make any general comments based on his extremely specific case. >> all right. we'll leave it there. p.j. o'rourke, as always, great stuff. >> thanks. >

arms embargo, econ financial sanctions, and we had to provide support for mapping, and we did actually produce good graphic technology to help with the effort, and even on meteorology because in the humanitarian support area, it was so important to predict whether -- and we tried -- sometimes we got criticism for the science behind it, but it was helpful. i can even residential trying to determine with the humanitarian would be, we actually used imagery to look at their rooftops as the winter came on and made the determination where the rooftops showed melted snow, there were probably people living there, accrued measure, but we used every tool we had, and that was just one of them. the -- if you look at the documents that had been released, and my own recollection of the work this we did, it -- there tends to be a guarded and kind of skeptical regard. it was not president johnson's soiled milk, but it was cautious, and the issues were that difficult. caution was called for in almost every case. we looked at the launch of the u.n. protective force in 1992 to the monitoring of the arms

an increase in prices as we've learned in econ 101 leads to a lower demand for those goods. about raising the minimum wage. we can be very clear this is not about economics. this is about politics. politicians love the idea of a policy where they can point out a very discernible, positive impact for a very small interest group. so if the president signs an increase in this -- in this minimum wage creabe surrounded by a very few individuals that did see salary increase. we won't see the lineup of individuals that lost their job as a result of that increase. >> lindsey,ly say, and you're probably familiar with this, if you look at the research both sides of the economic aisle so to speak, it's sflit. even those who find harm the harm doesn't seem to be massive harm. you know, it's really hard to point to any one study or you know comparative example from one region that wants to raise minimum wage and the other and find it had terrible harmful, negative fallout. >> that's true. the studies out there, they are temp mental based on the assumptions they include in that model. you

people reach for their econ 101 textbooks. it says there's going to be a disemployment effect.that's been done on the actual effects of minimum wage hikes where they've been tried shows that actually it's quite mixed. economists aren't exactly sure what's going to happen. and the sad thing about this is that there are actually better arguments against minimum wage. which is that it's a second or maybe a third best solution. so something that -- >> what would a first best solution? >> something that allows labor markets to work the right way, then make sure the outcomes of the marketplace are shared more broadly. so a more expansive and maybe a more -- wage subsidies. if you want to get really bold, a basic minimum income. none of those things is on the table. in the absence of a politically feasible alternative fst a really tough question. all i know it's a much more nuanced issue than it's often portrayed as in conversations. >> you can see it right here. the vast majority of economists i have ever spoken with think that a minimum wage is a bad idea. that principally it disrup

even as the econ money creates jobs, too many americans find themselves on the sidelines watching as the rich get richer, the poor get poorer and the middle class is getting squeezed and squeezed. there is no greater challenge the country has them and come inequality, and we must do something about it. there are lots of things that should be done but the first thing is to make sure those people that are waiting and waiting to find a job still get the important check that they deserve. unemployment compensation is good for the economy. mark zantia said for every dollar spent on unemployment insurance we have a return rate of 50% growth in our economy. this has been an issue in the past that we have agreed on, but not now. i am very, very pleased, happy and proud of my colleague, senator heller who joined with senator aveda from island to introduce a three month extension of unemployment insurance. that is the way we do things are not here. it is a good bill and it deserves a vote and i hope that my republican colleagues will work with us to schedule a vote in a very timely fashion, wh

we got hot econ data. adp coming in with a nice beat, 215,000, estimate was 170.he strongest adp number since last november and portends some good things for the jobs numbers coming on friday. we will get ism services in about half an hour. here's a look at the s&p at the top of your screen. here is the big board, oil and gas company antero resources celebrating its recent ipo and over at the nasdaq, the alvin ailey dance theater celebrating their new performance season. >> you were talking about the ebay downgrade even during the break. >> david was so right. now all downgrades are created equal. ever knows evercore does quality work. this reads like a quintessential be careful. two weeks ago they were not talking about earnings, they were talking about -- this is too intelligent of a downgrade to stay in it if i owned ebay. >> for the last 20 years i've given a lot of hard times to analysts, for good reason. there was no wall between banking and research and it was a free for all but even now there are many analysts who are not particularly good, who are young o

we had an econ and financial sanctions. we had to provide conscious support for mapping, and we did actually produce some pretty good technology to help with the effort. and even on meteorology, because in the humanitarian support area, it was so important to be able to predict weather, and we tried. sometimes we got some criticism for the science behind it but it was helpful. i can even recall when we're trying to determine that once whether the humanitarian need we be in jafa, we actually use imagery to look at the rooftops as the winter came on and made a determination that where the rooftop showed melted snow, there was probably someone living there. a crude measure but we had used every tool we had, and that was just one of them. so if you look at the documents that have been released, and my own recollection of the work that we did on the balkans, there tends to be a guarded and kind of skeptical regard. it was in president johnson's soiled milk, but it was cautious. and the argument i would make there is because the