let me bring in lex harris. i want you to help me if you will, managing editor for cnnmoney.com.i hope you liked our explanation of how all this works. obviously we understand write-offs but there's no way that mitt romney has $20 million in writeoffs to get his tax rate down to 15.4%. does he? >> no, that's exactly right. but it is completely legal and actually no one -- we've spoken to a lot of tax experts today and a lot of the tax strategies are very above board and really what we're going to end up having is a discussion about whether the tax laws as they are written are fair. but as gloria even mentioned, really the reason he's paying a lower rate is because most of his income comes from investments and capital gains. yeah, that's exactly right. >> now, as we understand it, lex, he didn't draw anything resembling a paycheck, did he? when we look at this figure of about $21 million, this is all investments and you mentioned capital gains. is that kind of income treated totally differently? >> that's exactly right. and there's a good reason for it. the idea is to encourage in

lex and his handler, they were both injured in march of 2007 and lex never left lee's side.. and now lee's parents deciding to adopt lex. the dog will continue physical therapy for the rest of his life. he is the first military dog to be granted early retirement for adoption. good for lex. >> gregg: big shakeup for the modern american family. elective co-parenting is the new trend on the rise. moms and dads raising kids without love or marriage. who else but julie banderas could tackle this sexting problem and subject for us. hey. >> hey. you don't have to argue here. marriage isn't easy. maybe it's not for everyone. they say that it does take a village to raise a child, but what if our parents came from an on-line community called co-parenting and redefining the modern family. it's matching up spouses who want to have a child but have no one to have a child with. rather than using anonymous sperm donors or perhaps settling and rushing into marriage a woman, whose biological clock is ticking, can now build a family. >> a family unit is very unique these days. there is divorc

lex harris is here to discuss that for us.esent strength starting with jobs numbers. >> absolutely. it goes back. before the new year, we had this big surge in consumer confidence and then the first day back after the new year, we got a report from the manufacturing sector, which had been such a sore spot for the u.s. economy. we saw a report that shows it continue to expand. they're hiring. and then the very next day, u.s. auto sales, which had been basically left for dead two years ago, now they're doing 13 million cars a year. and cnn money's analysis showed their finally really profitable, which is a huge turn around and then friday, 200,000 jobs created. a unemployment rate fogoes downo 8.5%. in recent months when we've had kind of o okay jobs numbers, economists were quick to come out and poke holes in it. this time, they didn't do it i think because it was a good report. >> lex, we don't live in a bubble. how might the global economy affect us? because it does have an affect. >> that's exactly right, don, and that's why

lex harris is the managing editor of cnnmoney.com.s your look at the week ahead. >> we enter this week with a little bit of wind at our backs. we had good news on jobs. we had good news from the bank ceos even as they were announcing lousey results. that should give president obama a little swagger as he takes the stage. we'll be listening for what he has to say about jobs and debt and class warfare and taxing the rich. we'll be at davos, switzerland, poppy harlow will be there talking to top ceos from every sector, economists, we want to hear about the european debt crisis and whatever they have to say about business conditions, not just overseas but here in the united states. also in the u.s., we're going to be hearing from the federal reserve this week. this is a big meeting. we haven't heard from ben bernanke, the fed chief, in a while. if your 401(k) has recovered at all in the past three years, if you're paying low mortgage rates, that's probably the fed. if you're living on savings and dealing with low interest rates, that wher

. >>> can you put an bends on lex. >> this season may have to replace the entire back fence and they say security has been beefed up. banana sam is in quarantine until officials make sure that he's ready to be out in public. and hard they are trying to make sure no one else but he's their way in. >> the last push in iowa. how candidates are relying on the higher power to help get them votes. despite recent reports of an ailing pope, he appears strong today and what he says is the key to peace. >> gorgeous weather on this new year's weekend. clear skies and warm temptress giving way to increasing fog and there will be spared the air alert up tomorrow. i will have your details coming up next. presidential hopefuls took their campaigns to churches today. the latest des m >>> in the final weekend before the iowa caucuses, republican presidential hopefuls to their campaigns to churches today. the latest des moines register poll shows that tightening race. but from the hopeless when we come up with rick santorum has searched to third place with 14%. as daniel nottingham reports his strengt

lex harris is the managing editor of cnnmoney.com and he has our look at the week ahead's business. >did it. it downgraded france. we're not going to know until tuesday what the fallout is going to be. we can probably get past the downgrade, but we shouldn't ignore what s&p had to say. it said the european debt crisis is alive and well, and the political leaders there don't have the will to do what it takes to fix the problem once and for all. now, the second big thing happening next week that i can tell you everyone in this newsroom is going to be watching is the aerchings results from all the big banks. you have goldman sachs, bank of america, citigroup. now, you can hate these guys, but there's no question they're an important part of the economy, and we have to watch what happens with their finances. and what we're probably going it find out is that business is weak across the board, but you might hear some encouraging signs about loan demand. >> lex harris, thank you very much. next up, it's all about the fashions and mostly the women's fashions. live pictures now. look at that,

the consumer lex tronnic show kicked off last night in las vegas. microsoft owner steve ballmer kicked it off. the software giant is trying to make strides in the tablet and smartphone market. they're expected to check out the latest gadgets and innovations between now and friday. betty, why can't we -- >> i know. just send us a few samples. we'll test them out for you, no problem. >> i want to go there, to las vegas. >> oh, that's a good idea. she may be in vegas. >>> coming up on "the morning news," an american arrest over terror attacks in tampa. >>> plus a huge fire lights up the skies in southern california. >>> first up, we have a preview of tonight's cbs evening views. >>> republican voters get one step closer for deciding their presidential nominee at the 2012 primary kicks off in new hampshire. we'll be here live with the latest results and analysis tonight on the "cbs evening news." ♪ so fresh my knees grow weak [ male announcer ] new hearty bertolli meal soup for two, with crisp vegetables and tender chicken. [ chef ] ♪ fresh tasting rest

. >> lex walters and the dons making the first trip to provo since byu joined the west coast conference. the cougars did not exactly show much hospitality. zac villstra was six of six from downtown. tony jimmer, byu, led 42-20 at the half. and then they go inside in the second half to brandon daveys. he is back after being suspended last year for violates the school's honor code. the cougars blow out the dons 81-56. >>> pack 12 women, fourth ranked stanford beat oregon state 67-60. necka led the cardinals with 33 points and 16 reekeds. and over at cal, blowing out oregon, 90-67. jennifer brandon had 17 points and 19 rebounds for the bears. >>> and finally, no, that is not a ref. that is a kentucky freshman, hitting from half court. and in front of over 24,000 fans at the arena to win $10,000. but there is a controversy right now. the grocery chain that sponsored the event said he put his foot on the line and they don't want to pay him the 10 grand. >> i wonder who decides? i guess ultimately they get to decide. >> i am sure there will be attorneys involved and what not but just pay the

companies to give virtually unlimited sums of money to the two parties which which means that in the lex next election cycle. there's going to be basically no way for a small independently driven candidate to compete against a major party candidate matt final question for you just your predictions i mean money and politics is such a subject that seems to be pretty near and dear to your heart what is the one thing that you think people really should know that americans should understand and that you think really really isn't quite out there yet we're getting this topic i think most americans don't understand that. most of the major kids' contributors in this country give to both candidates i think there's still. even the people who supported this is the no decision and there were a lot of people among the tea partiers who did that they did that because they believed that companies were practicing free speech by supporting one or the other candidate or one or the other policy what they didn't realize is that that's not exact that's not what goes on these companies give money to both sides

there are people who sell tainted viagra or fake roll lexes or movies they don't own, and as far as i'm concerned, you ought to handcuff them. but these bills go way, way beyond that and particularly they do a tremendous amount of damage to the architecture of the internet. i mean, basically, what they do is they turn web sites into web cops. i mean, basically, you'd have web sites trying to monitor enormous, you know, amounts of data. youtube alone gets, like, 24 hours of content, you know, every second. it would be impossible to monitor. nobody really even tries except for the chinese and the iranians. >> host: so saying that, that they go too far for you, what is your alternative proposal that you and representative darrell issa, republican of california, have proposed? >> guest: what we do is offer an approach that's built around the proposition that we're essentially dealing with international commerce here. and we've got an agency that deals with physical goods, the international trade commission. and we think you use the same kinds of principles when you're dealing with digital g

>> you're portrayed as le lex luther. >> how did you take it. >> wasn't easy. >> it came down to theusband and his appetite for fame. the defendant he said was the true victim here. >> you can't scam a scammer. and mike is a convicted felon scam artist. that's his talent. >> in her close, the prosecutor took it back to what she saw as the bed rock of the case. the murder for hire plot was real and dalia dippolito was calling the shots. >> she's shameless the way she uses her sexual power to get what she wants. she's like poison candy, attractive on the outside, but deadly on the inside. >> now it was up to the six member jury to decide the fate of dalia dippolito. in less than three hours, there was a verdict. >> find the defendant guilty of solicitation to commit murder. >> dalia dippolito, guilty as charged. stone faced, she was led out of the courtroom in handcuffs, facing up to 30 years in prison. >> if she had not hired the boynton beach police department to kill her husband, is it her belief she would have gotten it? >> she would have done everything in her power to make sure h

>> i want to know out there in tv land who of you out there really thought al lex smith would put the 49ers in the nfc championship? the most improbable comeback of a nfl quarterback coming up. great listeners. they're lip- readers. >>> new research shows babies learning to talk are more than just great listeners. they're lip-readers. scientists in florida found that at about 6 months, infants start looking at your mouth when you talk to them. once they master the lip movements and start producing their own words, they begin looking you in the eye again for the social cues. researchers say it could be a useful tool for diagnosing kids who aren't on track particularly children with autism. >> lots of people make them but do new year's resolutions really make a difference? paula ebben takes a look at when you can undo some of that damage that bad habits cause and when you can't. >>> reporter: the start of a new year, and maybe thoughts of giving up some of those pleasures and crutches we know aren't great for us. have you ever wondered if what you're doing is really effective? can you u

area, the conservative bastion of the state and down to columbia, several candidates holding the ehe lex night headquarters and celebrations and perhaps something less than celebrations. we're going to switch to the outside camera from our mobile vehicle as we broadcast live and show you the weather. there is a driving rain here in the upstate and it is covering much of south carolina. first in the nation primary vote,today are going to the polls with umbrellas and rain coats in most of the state. in the low country, particularly the sea coast, it's not raining and in fact, temperatures around 55, 70 degrees and they're not dealing with this weather, but turnout is going to on and you can see it. and now for the race itself. up in greenville at tommy's ham house, we had this potential intersection of both mitt romney and newt gingrich at the same event at the same time, but the the last minute, the romney campaign changed its plan and came early. mitt romney came and made his pitch to a packed house. he was swarmed by reporters, there were dozens of kids screaming in the parking lot and

. >> this also raises a question for me to both of you about lex ability. that was romney's issue. then after south carolina and after the sort of rage anti-elitism announcements of the speaker, it seemed that he had tried to grab he elect ability and no longer was it a negative for him. does it still play and how does it play. >> he elect ability for romney? >> yes. i think it is a very positive thing for him. within the people in the republican party who have wrung their hands about romney as a weak general election candidate, people who tried to draft other candidates into the race, gingrich is weak and erratic performance this past week makes them feel like romney is a safer choice, head-to-head polls the president against the two republicans lately have been very much in romney's favor. and romney's ability to go after the president and-- to go after gingrich, rather, and his stng debe performance is giving people confidence, maybe this guy can pull it off. on the other hand, even as he has been going after gingrich he effectively, lebl ability, the question is he elect abilit

for my stay at the college i had been given a rather lex surous dorm room, feature are what were to me two highly impressive additions. one was a switch that warmed up the room's floor, no matter what happened to the dorm in yale, cold feet would play no part in it. the second was a night table on which were piled a variety of booklets and pamphlets, informing the room's occupant of the many and various conveniences available to her, either on or near the campus. among them, in addition to the various institutions and locations nearby for her entertainment, birth control dispensary, offering an impressive variety of means available for such, and emergency psychiatric office, and, need i mention, an abortion clinic. that when we had several down for our discussion, and the question so predictably arose as to how i felt, i myself had managed, as the young aspirants put it, to break into publishing. i succeeded in bringing both the conversation and my time at yale to their collective end, by answering perfectly truthfully, by the way, that i had studied typing. now, for you facebookers an

stand by while a minority in the senate puts party ideaolgy puts party ahead of the people we were lexedo much at stake. we're not going to let that happen. >> republican leaders are attacking the president's tactic and they're challenging the legality of cordray's appointment since the senate has technically remained in session. the director of the white house economic council is joining now to respond. mitch mcconnell says although the senate is not in recess, president obama in an unprecedented move, has arrogantly circumvented the american people by recess appointing richard cordray. breaking uncertain legal territory, threatens the confirmation process and fundamentally endangers the congress's role of the executive branch. he has a point, ochbl. since the senate technically is not in recess, doesn't he? >> no. not at all. the constitution expressleexpre authorizes the president to make appointments when in recess. everybody knows that this meaning session, actually starts with a resolution that no business shall take place. you can't use a gimmick or a technicality to override the

citi bank hired her anding a lex to do the commercial pup might recognize alex from the jaw-droppingim. famous for free soloing, climbing incredible rock walls without r0e7s. >> there is no adrenaline rush. phi get a rush, something has gone horribly wrong. >> reporter: the two climbers were using ropes in the citi bank kpeshl. no one fell, katie says she got a few xarpy falls, like this one. viewers of the commercial are almost as curious about the lyrics to the song. ♪ somebody left the >> is it somebody likes potatoes? somebo somebody -- >> reporter: no, it's -- ♪ somebody left the gate open >> reporter: being honest how it felt at tippy top. >> intimidating. >> reporter: the spot, using footage from a swedish diaper commercial. >> i'm close to the rock i heal had in mind. >> reporter: that high up, who wouldn't need a diaper? jeanne moos, cnn. ♪ somebody left the gate open >> reporter: new york. >>> and that, my friends, is the formidable jeanne moos in central park. we all know, the elevation of central park? eight? >> not in a million years. >> i love that ad. love that ad. >>>

lex create 10 and 28. why 28? it is good enough for ronald reagan. is now not good enough for me. the highest in the world and we need to be competitive, but when i travelled through small towns i find a lot of them are just like the ones i've traveled corinthian pennsylvania. those jobs bill those towns, and those jobs -- built those towns, and those jobs, we found those jobs and leaving iowa because our workers did not want to work? because they were not competitive? no, it is because government made workers and competitive by driving up the cost of doing business here. it is 20% more expensive to do manufacturing jobs in this country than in the top nine trading partners and we have to compete with. that is why we are losing our jobs, so when republican purists say, why are you treating manufacturing different from retail, i say because wal-mart is not moving to china and taking their jobs with them. and we eliminate the corporate taxes so we can compete. we take every regulation over $100 million and repeal those regulations, repeal them all, and there is a lot of them. the av