until employment gets down to 6.5% and once you start seeing the economy get better, more people goingnhe workforce, it will take a whileefore they raise rates. >> but is has been a bond buying binge. if it stops, if the fed pulls back,sn't that a sig that the economy is improving and isn't that good for the maet? >> brenda, i think you're absolutely right and it's a return that w can rely on. the fundamentals of the economy, you have the jobless rate ing reduced, yu have housing up and yohave corporate profits an all time high. so i think it was an indication by bernanke that we are seng these indicators and these good forecasts and that please look at this because we may -- if we hit 7% unemployment, we may stt ultimate putting on the brakes ait relates to easy money, if you will. >> john, is this a bubble about to burst? are we about to see what happens to the housing market? >> no i think what happened is a bule was starting to form beuse of the low rates. the market was getting ahead of the re economy whic is still a little lackluster in a lot of areas especially employment. and wh

. >> this, as you th say, has been goingn r over a dede or that starte when anna nicole filed for bankruptcyended up getting 475 million. back and forth, nowwhat the judge is saying is that what t is about a sanctions. the lawyers did not perform ethically. they withheld information. gerri:okay, we know tat howard marshall's estate was worth $1illion and now the judge is saying that the sanctions could mean $49 million for te daughter of anna nicole smith. >> that's right, it could be. but the real issue is that she hasn't won anything. she has bounced up and down like a yo-yo from the pellet court to the trial court. the dges have been invoking the e famo legaldoctrine as enough is enough. they are saying that the way the case was handled, since lawyers are representing the estat really engaging in outrageous conduct, they send documents out of statto places wherthey have never been received on the other side. the judges sort of had. they arere saying now enough is enough. you're going t get bang for what you did. gerri: it has been filed as part of the tactics that these attorneys use. the

you're going dollar into jail with everything else we have goingn?the reality, let's say yore on the streets. we have one of these guys s u on a card table becausehat is what it is. you see thisittle old lady come over my purse. well, if they go after her, that guy will be gone in 20 seconds. is h coming back is the question. have you stopp it? >> note. >> all laws are based upon deterrence. you want to try to deal with behavior and stop it if it something that's problematic. the proem is, this is not going to be passed as a lot to prevent crime. it will be something like a parking tict. >> bloomberg you wan to regulate the 32 oz of soda doesn't want thiso be the prosecuts don't nt this. go after the biguys. gerri: a thousand dolrs, we get maybe 100 people a year. now we're talking some dicit the. maybe this is the way to raise tax revvnue. [laughte >> the g general reality is you will have criminal record, up prosecutors taking time away from more serious cmes, police taking time away. people canive tickets. it will give you a ticketf you have to pa

what's goingn? >> exactly right what you just said. what's going on is it's too early to say anything like what she's sayingbecause we don't even know wat something called th attack rate . in other words, for every person who gets one of these thgs, how many other people get it? until we see it seading like that, we can't assume it will. mo ofhese new viruseson't stay as deadly as they spread. theypeter out. >> well, that's some solace. >> it should be. every year there's one of these and the real virus is fear. i'm not dismissing this virus. it nee to be well studieand we have the scientists to study it. we need the message of information, we're looking in it, studying, figuring ou th dna and publishing it on the web. but it is not clear th is going to end up being a world wide scourge. the chances are way against it becoming a major problem. kbl when i think of the i of panic, globally or otherwise, what could kwone do if you d panic? science has now identified medical science, has identified this virus. and what i curious abo is now

melissa: its, seems like to the government that is not what is goingn. torust one agency to b nparsan when you've seen others that seem to on the surface from the edence we've seen so far have gone in the other direction itsardor the american plic to say this one deserves my trust, this one don't. i n't know, it is an interesting discussion. we'll definily be continuing it. colonel, thanks for coming on e show. we definitely appreciate your time. >> my pleasure, melsa. melissa::tim for today's fuel gaug report. crude didn't just settle at its highest level this year but the highest i nine months. it e ended session, wow, look at that 98.44 a barrel. we're bucking 100 again. how did that happen? >>> a big natural gas pipeline being proposeed in north dakota, according to platts. it would run from the bakken shale region to east north dakota. sources say the pjectould costp to $700 million and give a boost to manufacring jobs. >>> chevron slicing its assets in nigeria. it is selli its stake in the area with neay 250 million bears of crude reserve. this fol

prove in our lawsuit, we have now an individual who came rward, edward snowden who knows what was goingnwe never had that in any of the prior -- >> all heaid, tha thus far, 115 plus million american phone records were collected as verizon customers, you say he like knows morehan that? >> well, other people know that, we'l have thepportunity to take discovery in thi case. it can be taken in a way that does not breach national security, we're going to get to the bottom of it. neil: do you find it interesting that administration did not have aroblem wh leaks that made is look good, for tracking down and killingsama bin laden for example, but a very big problem with leaks that make it look not so good. >> well, that is hypocrisy, in washington. you know what it is. the fact that nsa ss something, or that the internet companies say something that is -- collaborating, with the government, does in the make it true. we had a number ofeaks with the obama administration, dealing not just withavy seals who killed osama bin laden but theirus, and cyber warfare, and kill land just, last week, the arr