john stossel is here. this week's show is all about risk and business. s going on? john: it is tougher to do because of regulation. 1,000 pages more every week so reluctant to start something but part of the creation being passed by businesses failing is just part of america. this is a place where it is okay to fail and try something else. stuart: do you think america has shifted? we are frightened of failure and less entrepreneurial because of it and it has american financial culture has it shifted? john: i am not in a position to judge or even willing to trucks to the brookings study. i would like to read more about that. one good point is america compared to your whole country allows failure and thomas edison had a thousand patents that failed before it got a light bulb. dr. seuss submitted his books to 23 publishers and turned down. in america is okay to fail and try again. i started facebook. i really did. here it is. in my all male college, we published this book of all the girls's pictures. i thought this was a genius idea. we do know what they loo

this is the freedom of speech issue, john stossel on that is next. p with the best ideas. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. new at&t mobile share value plans. our best value plans ever for business. stuart: sterling banned for life, find $2.5 million, his reputation is shot. should conversations made privately be condemned and made public? listen to this. >> sometimes bring ideas out into the open so you can better argue about them. society as a whole land on a global scale has decided these things are wrong. stuart: joining us is the host of stossel. was mr. sterling's free speech rights, where they violated? john: no. free-speech is about what the government can do to you but nba can have whatever rules it wants, fox can fire as f

john stossel is with us and he has an answer. they are being vilified. n europe are anathema and the left hates them here. what is going on? john: it is new, it is not natural. the food we eat now is natural. it has all been created through crops breeding, corn used to be tiny pieces. this is just more precise but it is gene modification and if you are scientifically ignorant that scares you, same reason we don't have food radiation which would save thousands of lives. stuart: if you got rid of genetically modified foods people would starve elsewhere in the world. john: they would because you could grow on less land, grow more of it so you did with the insecticide in the foods so you don't spray as many pesticides, it is one of the reasons people are starving. stuart: the biggest company six other companies involved too. a patent this seed, they don't like that. we can show our food and the wind blows it will blow it to the organic crowd. no crop is lost, it is organic certification because of some cross -- it probably will but so what? you think a french

john stossel is here to say no, no, no. the sky is not falling.ke your case. >> 30 seconds? by and large, things get better. talking about the debt. i tend to get into the malaise. look, crime is down 40%. murder is down 40%. rape is down 80% over the past four years. stuart: over the past 40 years? >> 40 years. we are living longer. global poverty is down. millions of people have lifted themselves out of poverty. humans. does invent things like facebook. stuart: is it our fault? >> for yourselves. you talk about what is going wrong. people of my generation. stuart: you always look back to the past as if it was kind of rosie. every generation does that. >> the past was horrible for women, gays, women could not get a credit card without their husband. stuart: you are kidding. you maintained that actually things are a lot better. >> these are the good old days. stuart: really? >> that is my show tonight. stuart: this is unusual. you are essentially a libertarian. not happy with all government all the time present-day administration. >> i step aside

with us now fox business anchor john stossel.is what liberal america, and you are not liberal. you are a libertarian and is certainly senator portman is not liberal. rehab, rehab, rehab. it doesn't work unless you want to be clean and a lot of people don't. so, therefore, it's it's a theoretical rather than a realistic solution. >> sometimes even if you want it, it doesn't work powerful addiction. in singapore if you are caught with drugs in your bloodstream you go to mandatory rehab for 22 months. what the singapore i can'tens -- singaporeens have done. if you have drugs in your bloodstream they could do mandatory rehab. would you support that? >> no. because mandatory rehab, as you say, doesn't work. >> it would take them off the street. >> i don't mind if a few drug users are on the street. >> really? >> in a legal environment. they are mostly in their own homes. punish. >> or on the bridges or in the subway. than me don't have homes if they are drug addicts. >> they're more likely to it have homes if they don't have to pay hi

. ♪ ♪ >> now it is time for john stossel. >> obviously the offensive speech story this week was the ownerlos angeles clippers, things like don't show the public pictures of people with you with black people like magic johnson. there was quick reaction from the head of the nba. >> there is absolutely no place for ignorance, and intolerance. >> i am banning mr. sterling for life. >> within days he is banned by the nba. and yet, it's a little confusing. because what got him into trouble. things that he thought were private conversations were what do you do regarding race? he said he may not live in my apartment building. the government sued them for housing discrimination, adding that he refused to rent to black people in beverly hills. none of that much made news. this private conversation got him banned from basketball. so what is up with that? so let's ask kmele foster. cohost of "the independents." >> the nba's an interesting organization to take up as retribution on him for something they said. it is a league that has notoriously had players who have been punched in the face, choked coa

you heard john stossel. this is nothing new.is is the sharing, the permission list society, the permissionless economy. looks every market. charles: does look like a free market. i have seen a lot of industries that have come a band regulators jump on it. what all of this destructive stuff is, regulators blocking for established industries. air b&b blocking for the hotel industry. uber you can understand taxi drivers paying money for these medallions that you drive in new york you see buses, we will make sure your first month you get 5 grand if you are a cabdriver. it goes on and on and on. you can't stop it. you can slow it down. stuart: i have a friday story charles brought to our attention a moment ago. italy will now factor in drugs and prostitution into the calculation of its gdp. you have 15 seconds to explain that. charles: a lot of countries have done things like this including us. we have added in tangibles to our gdp that gave us an extra $500 billion, brought down the debt to gdp level. this will take it much farther.

let's go to john stossel. , he is amazed, even disgusted at how much weddings' cost these days. >> here she comes. john: but they keep getting married the >> you may not kiss the bride. john: may spend lots. >> it is still pretty. john: even before the wedding we are told to spend money on -- >> engage in rings. how else can you last forever? stuart: they keep doing it. look at the average price for a wedding in america today according to the wedding channel. they got an interest in this. $29,000. a wedding in manhattan, new york city, will cost an average of $87,000. you don't like this. john: no. there is not much of of market for people who overpay because you do little in once or twice, same with funerals, easy to rip you off but it is women, not just people who want -- stuart: you don't think it will move the deal? john: it is voluntary. i believe in the market. if people want to spend this, fine. i wouldn't. stuart: you were training me. john: i have a daughter. stuart: i have four daughters. you are tell

. >> now, john stossel. >> we start with the fda the food and drug administration. thank goodness for the fda the careful government scientists. they make sure they don't tell us dangerous drugs or drugs that don't work. morning sickness in pregnant women it cures and it usually did. but then some women who took it gave birth to children with no arms or no legs. this happened in europe but not in america. the fda hadn't yet approved it. thank goodness for the fda protecting us. this like other government agencies the fda grew like a tumor. today they are bureaucratic obstacles. it costs more than a billion dollars and takes up to 15 years caution kills people, too. they once held a news conference and proudly announced the heart drug we are approving will save 14,000 american lives a year. no one put up to the press conference to ask, excuse me doesn't it mean you killed 14,000 people last year by delaying the approval? reporters don't think that way. if it could save 14 thout people but wasn't approved that year 14,000 americans died because of it. regulation can k

. >> now, john stossel. >> risky business for those of you who know the tom cruise movie it is not about running a brothel in your home. we will talk about other risky businesses. actually all business is risky because most fail. that process of trying and failing and maybe failing again and sometimes succeeding is what made america prosperous. many people call it the american dream. but now i am told the american dream is dead. >> you can't just make it if you try. the american dream is did he do. really? o i assume that's a victim mentality. conservative economists say the american dream is dead. >> john it is not dead it is under a spell like sleeping beauty. we can get it back but people are not perceiving int paren new -- ent entrepreneur ship the way it effects their lives the way they did in the past. >> i am. i see it all around. maybe i am biased because i work at fox business. i see all kinds of people new ideas. >> you are buying because you have a job. the smaller expanded companies have half of the numbers of jobs they did during the financial cris crisis. the united states

you tune in to john stossel on fox on saturday night. he is a libertarian who is a little farther than i would call but he deconstructs these government programs and basically the attitude that people turned to government first. it is like a little cold. no matter the physical proof of the belief is incorrect people continue to believe in it. government has replaced god. we used to turn to god, and now we turn to government. >> host: and yousef liberals of the ones who turned to government. [inaudible conversations] >> host: and you hear obama's saying, we have to do more in terms of building a family. >> guest: i am all for that, but talk is cheap. the one the niche audience is the conservative hard right as you head evangelical lies. >> guest: at all see myself as hard break. we are using labels. one of my favorite writers of all time was frank rich. and i agree with everything? of course not. that does not demean his skill or ability. he is still one of my favorite columnists of all time. i like to read to things every day, the bible

and one day the system breaks. >> simply put, we're in trouble. >> despite the doom and gloom, john stosselost of "stossel" joining us right now to explain and bringing us good news. >> rush and beck were talking about our debt, which is a real problem. so many of the other ones, it was global warming is going to kill us. they used to say we'd run out of food. by and large, things get better. this is fear porn we put on. >> remember back in the day -- >> fear porn? what channel is that on? >> this one right here. according to john, everybody is talking about doom and gloom. remember when they were talk being we're going to run out of gas? it was jimmy carter himself who said, put on a sweater because times are tough. >> this is the greatest challenge of our country will face during our lifetime. the energy crisis is not yet overwhelming, but it will if we do not act quickly. we simply must balance our demand for energy with our rapidly shrinking resources. >> we have more now than ever before. even before the government, the bureau of minds in 1914, world oil supply will run out in ten year

john stossel tackles this on tonight's show. good morning to you, john. >> no.so much, like saturated fat. all my life i've given up bacon and butter because they said it was bad for you. now it turns out oops, all that stuff may have been wrong. we're eating probably too much sugar, replacing the fat. and the katie couric movie, you have another clip from that? can we play that? >> steve, did you bring it? >> let's watch. >> wrong in some ways. she says 95% of us will be overweight or obese within a couple decades. and i mean, on the face of it it's absurd. how can they say things like that? >> do you thin the government should educate our children about it, whether they're mandating what should be in lunches or not, they should do a better job educating kids? >> fine, they already spent millions and millions when we have the internet and a million diet books and television, million ways people can find out about food. michelle obama has this healthy kids program in schools. $400 million, kids are throwing the food out. people are tossing it. >> eventually don'

if you tune into john stossel's excellent show on fox on saturday night, he's a libertarian. he goes a little further than i would, but he basically deconstructs all these government programs and mostly the attitude that people turn to government first. it's like a religious cult, juan, that no matter the proof that the belief is incorrect, physical proof, people continue to believe in it. and i think, you know, government has relaced god. we used to turn to god. now we turn to government as our god be, and we wonder why it's not working. >> host: and you say liberals return to government even though clinton said -- >> guest: well, he said it. >> host: and you hear obama saying we have to do more in terms of building up family and individual responsibility -- >> guest: yeah. well, i'm all for that, but talk is cheap, you know? i'm just saying -- >> host: in other words, the niche audience, it seems, is the conservative, hard-right, maybe as you experience evangelical audience. >> guest: i don't see myself as hard right. again, we're using labels here. >> host: okay. >> guest:

so here to crack down on us is john stossel.ould remember that the nba is a private group and fox can fire us if they don't like what they say and the government is different. so i was upset a couple years back when i asked law students at seton hall, what should be banned to protect people? we have the clip. >> there is no value that comes out of hate speech. >> words have a significant impact and when they're used as weapons, it can become problematic. and i don't think that's what the framers of the first amendment intended. >> this students wants to do ban on political speech by corporations. >> that's the only speech you hear. they will own the air waves and own all the advertising venues, so they can afford it. corporate speech is not protected. >> the potential is very large for corporations to improperly influence politicians. >> what about the argument words are like bullets, they wound people? >> that's what they were saying. but i think words are words and bullets are bullets and it's important we keep them apart. by

that was john stossel on the cost of a wedding these days. $29,000 nationally. we asked you what you thought about paying that kind of money. i think it is a personal choice. katie adds, if the bride wants to be a fairytale princess, it is on them. i get that. james adds, shunted the man get an expensive engagement ring also? why is it the man the only one to fork out the dough? personally, i have no problem with the romance and tradition. thank you for all of your comments. wwe wrestling stays on nbc's for the foreseeable future. one firm does not think that is a good idea. wwe down 42%. darden is selling the red lobster chain. they are paying more than $2 billion in cash. darden is down 3%. the wildfires in southern california, they are still there. firefighters still there trying to stop it from spreading. of course $20 million worth of damage thus far. they have arrested two teenagers after they allegedly tried to start to brush fires. the drought in california has led to the speed at which these fires spread. a report shows that california is suffering a mo

john stossel says not so fast. he joins us right now to talk about this.you can get out of the government school monopoly and get a good education. we still are mobility in america. most of the rich go down in the income. their kids do and most of the poor are up a quinntile. so it's not like you're locked in this position and this idea -- what they're selling is it's hopeless. government must take care of us. that's just wrong. >> it's just you inherits the money as if there are five families running the entire country. what is the exchange bar? talk about that. >> well, on tonight's show, we look at all the people who created new things and made it. exchange bar and grill is -- most restaurants fail. it's amazing that people dare start them. this place has -- puts the drinks, as you see, up on the wall and the more people buy them, like the stock market, the price goes up. the fewer people buy them, it goes down. it's gimmick, but it's working and they're doing well. >> it shows creativity and shows a fun factor which is judge people go out. you talk abo

john: thank you. coming up. i will give away money to do too high school students because i like what they wrote they won though winning essay of stosselclassroom essay contest. . >> right now, there are senate right now 23.5 million americans on 655 million children who live in a food desert. john: kids from poor neighborhoods get fat because there is little healthy food year their home there are a lot of fast food joints but supermarket selling fresh fruits and vegetables. >> we're setting people up for failure if we don't fix this with an investment of $400 million per year. john: modest initial investment? $400 million? to government that is modest than they say these germany to use support private sector financing of healthy food options taxpayer bribes to supermarket chains like 68 per she stores to underserved communities. food desserts is an article and still it is even after she got your millions the new york times and reported studies showed that they had nearly twice as many fast-food restaurants but they also had nearly twice as many supermarkets and large-scale grocers so do they get their money back? no. they never stop.

john: who knew? thank you, pierre. i'll give away $2500 to two high school students because i like what they wrote. they wrote the winning essays in the stossel are 23.5 million american, including 6.5 million children, who live in what we call food deserts. john: food deserts. kids from poor neighborhoods get fat because there is little healthy food near their homes. there are lots of fast food joints selling fatty foods. few supermarkets selling fresh fruit and vegetables. no wonder many poor people don't eat well. >> we're setting people up for failure if we don't fix this, with a modest initial investment of 400 million dollars a year. john: modest. initial investment of 400 million dollars a year to government, i guess that's modest and proudly say they used your money to support private sector financing of healthy food options. in other words, taxpayer bribes to certain supermarket chains and this brought wonderful things like in pennsylvania 68 grocery stores to underserved communities. fo deserts is an article of faith among the big government said, it still is. even though after michelle got your millions, the "new york times" report

. >>> stossel matters segment tonight. our pal johnyour humble correspondent do not report enough good news, even on things like poverty. stossel joins us now from new york. so what are you talking about now, stossel? >> you are always saying everything is terrible but there is lots of good news, like the fact that only 5% of the world now is living on a dollar or a little more a day. and it used to be much more. millions of people have listed themselves out of poverty. we are living longer. you are trashing the kids for texting too much. we have google and email free wonderful new things. our lives are better. >> you believe that in the u.s.a. our lives are better in what the last 8 years, 20 years, 50 years, what? >> all of that. >> okay. i will say to you under the last five and a half years under president obama median income has fallen in this country. the stats say you don't know what you are talking about. >> median income doesn't include all the other good things that poor people get so while it's true it's not been a good reco

john: thank you madeline and caroline and all you students and teachers and stossel in the classroom.wiser than michelle obama and more bureaucrats in state capitols and washington. that's our show for tonight. see you next week.ay, that's ju. >> good evening, everybody. a legal immigrant children are flooding over our southern border with mexico. the department of homeland security estimating nearly 60,000 children across our border illegally without their parents this year. secretary jay johnson of homeland security claim that number will actually double next year and the obama administration now estimates the cost of feeding, housing, and transporting these children and nearly $2 billion to u.s. taxpayers. johnson testified before the house judiciary committee today and he was unable or unwilling to

john: okay, most were stunts for tv like this stossel store in delaware where i tried to sell my booksox stuff. >> you want my fox t-shirt? >> not right now. >> the stossel store failed so did stossel enterprises in hong kong, and so did my new york city lemonade stand, but this ability to at least try to succeed is a reason america has been successful. in america, it's okay to fail and fail and try again. in most of europe and much of the world, the attitude is, you failed? you had your shot, you didn't succeed, now go work for someone else. this limits the possibilities and some of america's biggest successes came from people who failed often. >> by reason of experiments with the telephone. john: thomas edison had more than a thousand patents. we know about his successes like the lightbulb, but few people know edison failed much more often. he was fired by the telegraph office and lost money in the cement company and iron business. henry ford's first company failed completely. dr. seuss' first book was rejected by 27 publishers. oprah was fired from her first job as a reporter. a tv