we'lkeepouoste as mor devepmen hapn. gheest cot mite he in nevada home prices up ahoppg 26% ayrom a yago. at'she bgestump in pres isevears vadaed tount in owth accoing cougic, big pricumpsereepordn caforn, haii and oron. esdathe alleant alines geing rid of half of the hawaii jobs. employees were told they could maybe transfer to other citi. the union voice frustration for the st ine itch. theyskedhe fatfhe waii based jobs. afr seral milon n sto toawaiiromhemaland wer c. san francisco bay area rapid transit strike in the san francisco bay area continues. transit officials have a degreed to jump start talks. there's no word when they're going to meet. bart workers went on strike monday. businesses claiming the strike is costing millions in economic losses and governor brown wants the two sides to work it out. we'll keep you posted and that's the west coast minute. dennis: countdown to the closing market is next. liz sits down with the new company and we'll ask about the recent move to allow facebook run and not from twitte

something just hapned. john: the one thing is we baby boomers embrace was the welfare state. i believed this would end povertand it is a good example of the dependency talk because if you look at a graph of what happened after the war on poverty began it is true poverty dropped the first five years 9 million people were helped the look that since then the line goes up anand down and the top people to be dependent and progress stopped and looked at the five years before the war on poverty and people were lifting themselves out of poverty on their own without government. government helped a few people then stop the progress. >> look what else. katrina. hurricane katrina was predicted now we havethe ability to know that hurricane is coming your way and will hit new orleans like a powerful powerful test. so people sat there and waited for theoverent to come to bring the bus to take them to safety. that you have 10 days warning you start walking. you pack up your gear in and say i have got to get out of here because i have to save myself. no. peop sat there and said wait until the

be the model natiwide to say look we have this program that will force the employees in what will hapne wl be competitors of social security in all progressive states. charles: my ponzi scme is better the in your ears. they say i will take money from you don't worry will get back asif they can't guarane anything with their track record. you guys e in trouble but we all are. i appreciateour time. believebetter not this could be yoko ono singing she sells life she is in pain. charles: '03 and clause is way to the top and washington cuts down big oil and we have jonathan hoenig. too much confidence b amazon could be warnings about something else lose the seventh in the last quarter this man not be much better you have beencalled the of wolverine of economics. is this bad news for the consumer? >>. [laughter] bad news? charles: good or bad? >> it is good for the stock not too far from the all-time high but they are not resting on their laurels it is the dominant retailerr3 they are reinventing themselves with tom want -- hardware and dominance in the cloud that is why you see the ock do so

opposed to stop this from hapning and prevent panic? joining me now, energy analyst stephen short.come back to the show. we appreciate you being here, especially the day after july july 4. this bike -- this spike is all there. >> well, the concern is, of course, the flow of barrels. we're talking about a potential civiwar in the country that sits atop the suez canal which isesponsible for transit and six -- 60% of the world's transport and oil on tankers. the fear is some sort of disruption to the flow. i have to add that you have to wonder why given the amount of oil sitting here in north america, why we are dragging our feet on keystone because as you referenced we are sitting on a surplus of oil. the problem is we have the oil but we need to get to where it needs to be, the refineries. this is theear that we are pressing in right now. now, this price has been building up for the past two weeks because what we have seen now with wall street, investors coming into the market, there are now starting to exit their large positions in natural-gas and are moving into oil. now you take

what hapns next in detroit could affect cities and tns around the nation. do they have the right to reduce the pension promises it made to unions in good time when it will defaulon bondholders in bad times. that simple. with us now, an expert at t conservativeeritage foundati. senior fellow, you are with us. reporting on foxbusiness.com. you are here, it is an interesting background yourself, you were a goldman sachs guy, not just prounion, before going to goldman sachs you a involved in helping detroit out of the last rush in bankruptcy? in 1990? >> that is right. goldman sachs was hired to sell major assets. i headed the team that did that. dennis: d the city try to make any pension cuts back in 1990 >> not at th time. the skill the problem was much smaller. the gap was $55 million at that time. dennis: now we are talking nearly half of the total liabilities. do you think the city has the right in bkruptcy court proceedings to go ahead and start cutting benefits to current and future retirees? >> i practiced law for a whi but that was a long time ago i th

if we have more jobs it would have more spending in adults see that hapning. local stuff is great. thatoesn't help us. that is enough to dollars to pay for college. neil: you think about it, to you are not raising demanded spending. you are certainly not frivolous, but you are not a top priority expense. the first to go with the first to be downsized or the first to be reined in if times are tough. does that still -- is that still the case? >> yes. i am the guy after the gas station and after the supermarket. when you wake up bus saturday morning and go, a doughnut would taste good, maybe you will go to the bakery. how much money? oh, no. gas is still $3.60 to my credit card is maxed out. we will have waffles. that is still the economy. i need to move you closer to me. neil: anything like that? >> certainly. we are trying it all to stay alive. online, wholesale, you name it. >> after the bakery maybe thee3 will be a party. neil: hen you hear a pickup in discretionary spending, that is what a recovery usually is all about. that discretionary spending comes back

this is hapning all across our society. this is the air americans awaiting a been realizing we have reallyyhave those fourth amendment rights. governnt is looking at and asserting the right. charles: we've been to a hospital and looked over. they have the most antiquated computer system imaginable, and we all sort of want them to update this. is it possible to have a more modernized medical system even with the new laws coming and without the government having to kno every single aspect o it? >> i don't know. let's hope so. we are putting our hope and faith in medicare and the government as it begins to set of these changes and begins to sort of those aren't this mass off their own private insurance and going on to more government provided insance. i don't havehat faith, frankly. i don't think that a government-run databases a place that is designed to protect our privacy. look at what happens. the u.s. ps cells of your affirmation which is why you get those catalogs. we have seen it with local law enforcement, traffic ligh

if you look at the fact apartheid basically hapned in america with the blacks and the white, apartheidlly happened in germany with the jews and germans, and anyone can understand what you're talking about, you know? >> that was another character in your film. this whole issue of the younger generation, black and white in south africa, their view of race and political struggle in their own history? >> what surprised me as an outsider coming into the country was the extent to which only 19 years after the end of apartheid and mandela's election as president, the extent to which apartheid and the south africa's history is not too frugal he discussed by young people in their 20s. makudupanyane is quite politically to. the other two characters i spoke to and many of the other young people of both races in south africa don't want to talk too much about apartheid or about racial politics. was a mostt saidtating to hear thesale he is not interested in voting because he feels disillusioned with the things that happen in this country over the past decades and this is a young man whose father was

telle, how do people find out this even hapned to them?> usually it take about two years for folks to find out. a lot of times, we've actually gotten calls from people who found out just before surgery. and a doctor comes and says, you know there are two differe blood types listed in your health care file. what isng on. that is one way you find out, your health care file has a lot of weird inaccuracies. another way, all of suddenou get bills for services that you never received. a surry you never got. or prescptions you never fill and don't need. these are some of the main ways people find out. gerri: pam, i know you've written, i have to repeat this, because i thought this was so compelling in this story, the real danger is, somebody steals your medical identity and you show up innage emergency room anthey're giving you the wrong blood type because that is what is in your file. because somebody ripped you off. the dangers are huge. >> right. that is the core harm of medical identity theft. it's not just that they're using insurance money

all the bad things that can hapn in life... they can't stop us from making our lives...on at six flags offer texas, the texas giant roller coaster remains shut down as investigators try to determine exactly how a woman fell to her death last week on the amusement park ride. now another popular roller coaster has been closed in text as. rene marsh is following the story for us in texas. >> reporter: good morning, chris. another roller coaster has been temporarily shut down and it all because of the deadly accident that happened here at six flags in texas. the iron rattler, that's in san antonio at the six flag there is. according to dallas affiliate wfaa, they've temporarily shut that roller coaster down simply as a precaution, because it is the built the same way as this ro colore oe eoe eor -- roller coa. it is a hybrid of wood and steel. and the manufacturer of the roller coaster will help in the investigation. >> the corner said rosie esparza died from multiple traumas. since 2008, six flags reported 14 injuries involving the texas giant. critics think safety loophole