what if you work for enron or kodak. or any other company that goes under. lose-lose. i had a show called real money and got a lot of calls telling me to stop bashing enron because the callers had a ton of stock in the company i explained perhaps they need to diversify away from enron each time i did it i heard that such a a great company was too terrific too sale or it was down too much they couldn't sell then one day it was gone. many people made this argument before and the company stock is still the number one investment. i'm telling you, the excuse doesn't t it. you t to cut back. just cut it back tomorrow. bottom line, diversify before everything else. whether to make some mad money or if you have one-fifth for. like the company i buy isn't put one-fifth ofof capital in any one e sector. doubling down is okay for no more than that. that's what you are doing, doubling down. it carries risk beyond being diversified so you can build lasting wellthxfor you and your family. much more "mad money" ahead. americans are living longer so should change the way you prepare f

but adults would be interested to know w what's going on or what's going on around t tem in this enronment, is lake has an extremely healthy ecosystem in it, it should really be a teaching tool that the schools can use."they hope to unveil the cameras to the public early in the new year. they also hope to eventually set up a website that will "live stream" what the cameras are seeingng 3 tomorrow is "national ugly day."check out these ugly christmas sweaters that were made by volunteers at the crossroads shelter for homeless women and children. the "elves" have been busy putting the finishing touches on these "one of a kind" sweaters that are now on sale at the classique (classic) closet in morningside. the goal is to sell 100 sweaters by christmas eve... and they've e already sold 60. 3 "we try to do a feature every year of some sort for the women's shelter and this year it has gone on.. it's taken us all year to come up with.. because it takes a lot of work and a lot of love that they put into these very special sweaters."all proceeds benefit the crossroads shelter for homeless women and

." >>> iff you catch little problems, there are no enron's. >>> financial transparency can help government they're going to start havining stringent requirement for anyone who wants to be insured. >> morris: the evolutionf cyber insurancnce. it's one security prediction for 2016. >>>>> these are historic event that capturred america's attention. but it also, along with the world, transforms the way government manages itself. >> morris: we look back on 50 years of federal times. "government matters" starrts right now. >>> from abc 7 and newschannel8, this is "government matters."

ore and you see iron copper enron materials in 2016? >> i have been able on copper for some time. seea sense when exporter records and iron ore. he see the resource sector of those stocks are under a lot of pressure and copper hasn't moved, it does give me a sense we are at this balance for copper, albeit in a relatively wide range. remember we did get some relatively encouraging housing out of china -- housing data out of china. once we get through this year it should be quite positive. >> thank you for that out of sydney. we do have confirmation that willba's board meeting take place to discuss restructuring measures. that is expected to take place today. expect a large loss when it keeps you apprised of all of that. we will bring you more as we get it. back in two. >> let's get to it. >> a japanese travel agency, it says it will oversee packaging tours. it will buy back 3.1% of shares expectingillion, popular stock today. suzuki has given its shareholders its first wholly-owned mine in india. this time around it will be able to invest directly. this is quite a big market. >> we

hundred savings-and-loan executives prosecuted, convicted, and sent to jail 20 years ago, and some enron executives were. but they have so gamed the system, the corporate lawyers, it's extremely difficult to put them in jail. and by the way, if they went to jail, they would improve the prospects for prison reform. [laughter] and the food would be better. [laughter] the governments buy almost everything we buy. you know, it's called government procurement. they buy food, they buy clothing, they buy motor vehicles, they buy energy. they buy construction materials. and they can do specifications where they can stimulate innovation, and we got airbags that way. the auto companies controlled department of transportation under reagan, and we couldn't get airbags. so i went over to the general services administration, and i said to the administrator, who, luckily, happened to be a rigid republican from new hampshire and he was an auto supply dealer. now, listen, if you know anything about auto supply dealers, auto parts dealers, they have no awe of the auto companies in detroit. so i said to hi

former reagan economic adviser art laffer enron and then what?hat would be a lot higher, historically a lot lower than averages. how would this economy respond to that? >> with higher interest rates, market-driven higher interest rates would be really good for the economy but is this is up bunch of professors who have never worked in the real world telling you what interest rates should be and they don't have a clue. they are exercising their authority which i think is a real disaster. neil: mistake to raise rates? >> they should get out of the way of rates and let them be at their natural level which would be higher than zero. i never heard of a natural market with interest rates today is the expected real return on capital is very low because we are in a long-term obama. depression and with those real low returns on capital you will keep interest rates low because the real rate of return is low. we need to get that return up and what you were talking about with medicare and obamacare if any of these tax cuts, pro-growth agenda pushes the real r

upquestion is to follow earlier, which is from a legal point of view, will we know whether enron, after the -- i ran, on the stock restrictions have elapsed, whether they will have a legal right to reclaim this material and have it shipped back to iraq? -- iran? mr. mull: iran even before the agreement ends is eligible to receive in five kilogram increments those its of fuel for .ts tehran research reactor it can only receive those increments as the iaea verify that the preceding amount of fuel has been use. that will be under tight control. jcpo years of the from now in the future, there is iran'striction on enrichment activities, beyond their saying they will develop a program with peaceful purposes. that will be a constant focus of the u.s. government -- senator cardin: my question is, will we know whether the legal agreement entered into between iran and russia and perhaps iran and context on -- kazakhstan today will give them the right to reclaim this material af ter the restrictions are eliminated? mr. mull: the only exception is getting the fuel increments, whether or not they wi

your next target are those lows from when enron hijacked the market in the early 2000s.5 to 165 range is the target now. >> it was 72 degrees in new jersey yesterday. insane. chris, apparently el nino is an ancient spanish phrase meaning short natural gas. >> talk about the epicness of bear markets. this has been an epic bear market down close to 90% from the highs. we have 150 circled on our chart. we don't think it's out of the question. i think tactically could you see a bounce? absolutely. sentiment is bearish. i would be a seller of that rally. 2 bucks is now resistance. we fade a bounce up there. despite the seasonal, december and january are often two of the weakest months for natural gas returns, so we don't think the set up is good. any short-term bounce is one we want to sell. $1.50 is the number we have circled. >> we could go to $1.50 on natural gas? >> i think when you consider the context of this bear market, it's been ongoing for a decade. when we get declines of this magnitude it takes many years to repair. even if we're in the vicinity or the neighborhoo

enron kept drilling, kept using the water that they were taking oal from the navajo tribe south in aurry. the energy that is taken out of the indian lands usually goes to profit, to the cities, to thatornia, and they put ,our corners coal burning area and they send it all the way across arizona into california. if you want to the energy, why didn't you put it in your own area? why is it always us? our senators do not look out for us. sold is out with goldwater. mr. reagan, you always glorify him. these people just ruin us. they took most of our land away , and john mccain sold us out again, the arizona republic. --arizona public. he has invited some company that has been sponsoring him, some foreign company, to dig up that copper. we should have stipulations. we should really have rules when other foreign countries come taking in our land. inthey spoilt the water colorado without spillage that ran all the way to mexico, they should be the ones that should be responsible to take care of what ever they spoilt . host: thank you for calling. many: she went through issues that have been l

enron opposite sides of that issue and both explained the trade off we need when thinking of those policies the debate we ought to be having these things are crucial to the future of this country and we are not having it because we are talking about silly issues raised because their decisive but not necessarily meaningful. maria: we know that terrorists moved to computers and electronics. they figured out how to have encrypted messages. this conversation is going into the new year. >> yes and other candidates are trying to have this. there is a debate from ted cruz and marco rubio. it doesn't have to get the oxygen, anything donald trump says, again shows a negative sort of outcome of having that big celebrity type of guy who could get the attention. they are not having this conversation. dagen: how smart donald trump has been. maria: every conversation goes back to donald trump. he dominated the headlines, everything he says has become an issue that all the candidates have to respond to, all the media have to talk about and -- having to talk about silly issues because of donald trump is no

defended enron.id women can't do math and science and you've got to look what he's saying and who is saying. i don't believe the economy got out of recession. i think the fed is embarked on a terrible strategy and now we'll pay the price. if that's what we're saying, i agree. if he's saying it's recession for recession, so what? >> so he said it and the market is down and i think it maybe throws into question whether or not the federal reserve does raise interest rates this month. if you've got the likes of larry summers saying you do this and you've got a recession, maybe that weighs on the federal reserve liz: fed funds futures says there will be a rate hike. did the fed wait too long to raise interest rates? we seem to be on a downward slope. stuart: the story this morning is the down side on the price of oil, down to $38 a barrel. the dow is off 81 points and look at the gun makers, retailers and gun makers. smith & wesson, ruger, dick's, cabela's, over the weekend the new york times ran the firs

all the bio tech folks you bring through here and happily the industry in this case unlike in the enrons they draw a line in the stand. all condemned the guy. and yet that's business practices. we talked before about the prices at turing and this is financial fraud at a prior company. you're wondering who were the investors in this hedge fund. how does he get more money coming into him now and i was think oing of all the criminals that have done these ridiculous things, that wind up getting these love letters and things. we seem to get drawn to the fast nation of it but also bio tech, in particular, going back to patent medicine days seems to attract a lot of scammers. >> do you look at his prosecution as politically motivated? some people suggest yesterday this is like going after capone. you hate him for raising the drug prices but you get him on the other fraud. >> i wish bill was running the sec right now. we have a very talented, smart, independent minded prosecutor. i have never seen one so buffeted by headlines and politics before. you're looking at a completely different matter.