you can't outsource everything. - that's why the book is called "outsource smart." but actually, just so you know, you can outsource just about everything. the key is systems, putting systems in place. - daven michaels, thank you so much. - my pleasure. thank you, bill. still ahead, our traders tell us what could end the bull run in the market. that's next in traders unplugged. in this week's traders unplugged, joining us from the floor of cme group, alan knuckman and james rameli. good to have you guys here today. topic #1, because we are good to go: are you a bull or a bear, and what could possibly happen to change your mind about this market? - i am very bullish, as we all know. i am a son of a psychologist, so i am looking at this from that standpoint. i am not going to give up on the bull run until all the bears finally give up and want to be buyers. - right, so alan is talking about a price action approach here. i want to look at something a little more fundamental. i am also very bullish this market. however, we do have this debt ceiling issue coming up. sept

the outsourcing that you reference, what is being outsourced at this time? >> the outsourcing is part of our backlog strategy which is a two prong approach. first is we have federal backlog production grant money. the nia has given over $400 million for backlog because this is a situation that faces every crime lab. and cases which pose the greatest immediate to public safety including crimes involves violence and cases they we out source are routinely crimes against persons, property crimes, vehicle thefts. we also reluctantly on behalf of the staff out there send sexual assault cases out to our out source vendor laboratory. we have a system set up in place now where we have a cue for sexual assault cases. we have 9 criminalist in the laboratory doing independent casework. so we get a number of request every week. once that number reaches 9, if these cases can't be immediately assigned they are out source. the strategy behind that is to reduce the amount of time that it takes the get test conducted and turned around. >> what is the difference in the statist

you mentioned outsourcing. you're right.t of the major airlines now are outsourcing part, if not all of their maintenance. that means they have to be supervising those guys as well as the faa has to be a resident. but in a heavy maintenance operation what they call us the check or a deep check, there can be thousands of work orders. many of the issues that were raised by the ig were really paperwork issues. that question is, is the fa looking at to the risk factors that could cause a catastrophic failure? that is where the concern is. the focus should be on the repairs and maintenance being done to the safety of flight issues. i mean -- gerri: that is my question every that is my question. are we safe? this is a damning report with -- let me tell you, the wording in it, i raised my eyebrows. shocking. the you think we are sick of there? are they ignoring things that could ultimately lead to a jet liner going down? >> i think we're safe. i think the system really has some many levels of checks and double checks. but this is a

you need to pinpoint the areas that you can best outsource.o, for example, maybe that's bringing in someone to handle customer service calls or customer service e-mails. in my case we brought on a social media guru to handle facebook and twitter channels. this will free you up to focus on your strengths and also focus on the areas that will most help your business grow and expand. >> and, frankly, if you're holding a full-time job at the same time you may not have the time to do all of that at the same time. okay. and then finally, i mean, this works for whether you are doing it while you have a full-time job or not, have a working business model. don't just jump ship for an idea. jump ship for something that's working. >> exactly. and this is especially important if you're trying to raise outside funds. investors are looking for profitable companies so you need to showcase income or profit. so obviously you want to maximize your revenues, minimize expenses and by doing this show your company's profitability, attract a wider array of investors

it is something you can outsource easily and fairly cheaply. i would quibble with you that you can get healthy food outsourced. in general, you know, the most important question about your diet is who is cooking it. if you're letting a corporation cook it, the odds are you're not getting healthy food. they just don't cook very well. they use lots of salt, fat and sugar, they buy the cheapest possible raw ingredients then they have to dress it up with additives because the food was cook sod long ago and so far away. so -- and they cook differently than you do in that they make -- they specialize in those labor-intensive foods made with cheap raw ingredients. the french fry is a classic example. they can make french frys so efficiently that you can have them twice a day no problem. and a lot of americans do. try making french fries at home. it's a lot of work and it's a big mess. you won't do it more than once a month, which is probably about how often you should eat french fries. >> one of the most amazing phenomenon of our time, i think-- and y

being able to use outsourcing as a resource to use that backlog. the laboratory we use is the laboratory while we have two and 13 at the crime lab in our biology unit. they have 20 people assigned just to property crimes and they have another team equally as that can dough crimes against persons. so the amount of work that we can send them, again the amount of turn around time that it takes to complete these cases is reduced significantly. >> captain, there are a lot of people that maybe watching tonight that aren't in the room and on tv and so on, in terms of victims of sexual assault, do they need to go to a particular hospital in order to have an evidence swab? how does that work or are there particular designated hospitals? >> i want to give you the correct information. officer fox is here to give you that information. >> if they are in county, the sexual response team comes out there and if they are outside of county, they have another county collect that for us. >> the sexual response from other counties will handle the kit in that county tha

of production and quite frankly the outsourcing of responsibility.his is not an accident that walmart doesn't know whether these factories are producing their goods. this is part of a system of pushing down prices, speeding up delivery times, so that the industry can drive what they call fast fashion. that is stylish products changing very quickly at reasonable quality but at low prices in the stores. so this really is an industry problem driven by the brands and the retailers and really a situation where the u.s. brands and retailers are shirking their responsibility. >> are they or let me ask, i have been very closely watching and no one is going on camera for me. i have been closely reading these long pr department written statements, policy statements they have and this is a lot of we want to continue the on going dialog. you know, many people, myself included, say that dialog should have happened before a bunch of people died, right? you should already have a grapple, an idea of what's happening in your factories. could it really be that gap and

they provide drug companies with outsourced development companies. they can conduct studies more efficiently and quintiles is the largest player in this space. they've helped to commercialize all of the top fifty best drugs. heart drug, cancer drugs, it doesn't matter of the drugs approved in 2004-2011, quintiles was involved with 85% of the nervous system drugs, 72% of the cardiovascular drugs. can you believe that? those are incredible numbers. if you are a big pharma company or a smaller one with a candidate that still needs to be studied, you got the quintiles, they will will take care of everything soup to nuts. they recruit the patients needed and they keep up with the requests from the food and drug administration, all along the way. in fact, one of the most important things about this, quintiles has a terrific relationship with the fda, which is a big reason they get so much of the outsourced drug development business. they are trusted by the government. plus the company has a major advantage over the competition thanks to their size and thei

outsource something clearly here to stay. how can we prevent another disaster from happening again? tanya siller has been a garment worker for about 30 years. this donna karon dress will retail $1,800. his salary is about $125 a day, a far cry from ace counterparts where garment workers are paid less than 2% of that amount. >> it's a high label. i don't know how they work in that kind of condition. >> he says the workers he supervises produce three stresses a day. in a world where wages in china are roughly $1 an hour, are considered expensive, manufacturers are pressured to turn out product at low costs, sometimes jeopardizing safety. the union leader edgar romney says cheap labor doesn't necessarily mean lower prices for american consumers. >> something missing about american made products they're more expensive. >> reporter: but there's another problem. >> the companies will not give the american people the names and addresses of the factories they use. why not? what is the big secret? >> brands and retailers need to take responsibility for the actions that they are involved in.

there are a number of things that access technology that is outsourced. including what is competitive sourcing and what is competed to have that done. that is a tool that can be used at any time. >> at the conclusion in 2002, how much more, if any management control did you have compared to 1997 when you first took the job? >> i think in terms of legal authority and what is on the books, the irs commissioner has a significant amount of authority to run the agency. a significant amount of authority operating from the constraints. what i think is more important is because many of the changes that we were able to make and that we will facilitate, the internal structure of the agents he and the way it was organized -- it made it much more practical to actually exercise the priority and to do things like change the enforcement strategy. to give you an example in the way the agency is set up, which is a legacy the changes back to the 50s, it is essentially like having 43 different irs's. there are other types of units that have people in charge. so the headquar

i outsource my own life so that i feel it's a good way to learn how to improve your life because after the experiment maybe i won't do everything i did during the experiment but i always take away something that makes my life a little better are you capable to live a normal life as a normal human being while you're doing those experiments no it depends on the experiment but sometimes it's quite difficult sometimes it takes over your life and drives my wife crazy let's talk about one of your most recent experiments it's the life logging experiment that you conducted for about three months he was sensually were videotaping every minute of your life for us right from them to moment i woke up until the moment i went to sleep i have a little camera in my ear that was videotaping everything and the idea was that our memories are terrible and this was a a way the way i could actually remember so when i got in an argument with my wife and she said oh you never said that that's not what you told me the before i would i could actually say well let's go back to the videotape and see what really h

immediately go with your i think you put it very well the i was becoming too reliant on the video i was outsourcing my memory to make you filter yourself in anyway just the way that you interact with people did you end up filtering i did i did it you know i felt that this is on tape so i'm not going to gossip about my friend so it was actually i did another experiment where i live by the rules of the bible so it's almost like i was going back into the bible because i wasn't allowed to gossip tell me about the some of the equipment that you used when you were documented yourself i used a small camera that attached to my ear it's called a look see and it would hold it could hold ten hours of video so it was remarkable there's another one that people use that's called the go pro and that's a camera that you can sort of strap to your chest or strap to your head so i did that you looked a little weird when you were walking around with that it requires a great deal of discipline what you do with the live blogging experiment the unit task experiment you've done many other experiments where you get that di

. >> have we outsourced tragedy now to bangladesh? that's ahead.) later tonight current tv is the place for compelling true stories. >> jack, how old are you? >> nine. >> this is what 27 tons of marijuana looks like. (vo) with award winning documentaries that take you inside the headlines, way inside. (vo) from the underworld, to the world of privilege. >> everyone in michael jackson's life was out to use him. (vo) no one brings you more documentaries that are real, gripping, current. >> what a way to start the day. (vo) followed by "talking liberally with stephanie miller" >> this is big for me. only on current tv. >> john: today's thing of the day is the anniversary of the day. ten years ago today president george w. bush declared mission accomplish in iraq. he made the declaration about eight years too early but the mainstream media swooned over the sight of the president in his flight suit so much the bush media relationship was used as an template for all thee harmony ads we see to this day. may first is workers day. showing solidarity with or

we can't outsource that job. does notor the poor mandate -- does not demand faith in the government. if we continue to believe that the war on poverty is a government responsibility, we will continue to weaken our communities. we will drift further apart as a people. we know that happiness cannot be bought or sold. it can't be legislated. just rewards from achievement and hard work promotes human happiness. it brings fulfillment to yourself and others. in the happiness only thrill of accomplishment. in the comfort of community and in communion with god. workss how solidarity together. they create a society that serves the poor. they build healthy relationships and on this ,hilosophy, from this beachhead we can fight back the growth of relativism. that is what good catholics must to do in this time. this is our charge. , thisthat is my take individual, that is my take on this aspect of catholic social teaching. as you can see, if it is not a step-by-step guide. it is a philosophy in certain principles. in a cultur

we have outsourced all of the managerial.ufacturing800 facilities that are no longer within our borders in the united states. the middle class managerial is no longer necessary when those jobs are gone. host: how old are you? caller: 50. host: how likely that you'll be able to find a job? surviving? caller: my wife is an accountant. i go to college. . am a full-time students i figure real estate will comeback. real enjoy working in the estate industry before it collapsed. now. slow right i really blame nafta. we outsource all of the manufacturing jobs. the white collar jobs when along behind it. host: we will get a response. guest: this is the tragedy of this economy right now, long- term unemployment. that is a question to some extent of semantics. there are a lot of people out there whether they meet the technical definition of unemployment. once you have been out of work for a long time, it becomes incredibly difficult to find a job. when was an experiment umes were sentnat out. once somebody had a six month gap in their r

company outsources the work here, costing american jobs. he's done studies on this. this isn't just a theory he came up with. he further testified the actual h1b and l1 has become antithetical to two for fundamental flaws. the permits are held by the employer come as a basically these individuals, as indentured servant and i also will be controlled in a way that gives the employer an advantage over an american worker. number two, he says that he said. as far too long for them to come and in addition to the inherent design flaws, there's little oversight or enforcement on this paragraph. nobody's watching them. according to professor hera by closing h1b and l1 visa loopholes, congress would retain tens of thousands of high which american jobs and ensure they per market works fairly for american and foreign workers alike. i'm summarizing now. in his opinion, the following needs to be done: institute an effective labor market test. make sure we actually need these workers. pay workers true market wages if they're not being paid true market wages. limit the visa to a max

he is the one that's aggressively stepped up -- is still outsourcing terror suspects to third partiesay or may not be treating them in line with the way -- i mean, his approach to the war on terrorism -- this is a white house that does not want american boots on the ground that has pulled them back, and the convenient way, therefore, to prosecute the war is to outsource it to drones and to other people doing your dirty work for you. that's definitely the choice of this white house. >> we have to take a short break, but when we come back, we'll have more on alex's new film and the complicated questions concerning freedom, morality and security. that's next. >>> alex garza of dallas runs four pizza patron franchises. he says latino customers are attracted by the friendly bilingual staff and its unique flavors. watch sunday mornings at 7:30 on msnbc. we've all had those moments. when you lost the thing you can't believe you lost. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but

you think that this fire in bangladesh in the factory might make us rethink this whole idea of outsourcingring all over the world. >> yeah. i did a cover a couple weeks ago with a colleague about the made in america phenomenon and a lot of people were talking about how manufacturing is back and it is back. the jobs haven't come back in mass yet because there are still these big, complex supply chains in places like india and china. but thing i heard a lot from ceos was how risky these supply chains are now. they might cut a deal with a supplier and send inspectors, but those suppliers on the ground have outsource to, you know, mom and pop shops that are very difficult to regulate. this is a kind of political risk and a risk on the ground that is very hard to police. and i think companies have lost billions in recent years reputationally around these things. i think this coupled with rising energy prices that make it more cost effective to do production closer to home and the need for quick, customized products will all start to push people to start thinking about moving manufacturing close

otherwise they do really bad environmental work and that the costs of that are outsources to hundreds of thousands of people and it's your job to prevent that from happening. >> good afternoon. >> i'm the director for the san francisco bicycle coalition i urge you to readopt the bike plan. in january of this year the california court of appeals found it to be very sound indeed . we urge you to approve this and move longer in creating a safer biking experience in satisfy san francisco. >> motion to approve? >> is there a second? >> second. >> further discussion? >> all in favor say aye. >> aye. >> this is the last item on the agenda today. the long-range vision for transit and initial policy analysis

otherwise they do really bad environmental work and that the costs of that are outsources to hundreds of thousands of people and it's your job to prevent that from happening. >> good afternoon. >> i'm the director for the san francisco bicycle coalition i urge you to readopt the bike plan. in january of this year the california court of appeals found it to be very sound indeed . we urge you to approve this and move longer in creating a safer biking experience in satisfy san francisco. >> motion to approve? >> is there a second? >> second. >> further discussion? >> all in favor say aye. >> aye. >> this is the last item on the agenda today. the long-range vision for transit and initial policy analysis >> we have a cupouple of pro jects, the central subway, the van ness brt that are kind of the next things on the somewhat near term horizon for the transit system. ~ but looking at real projections that we have and because of a couple of these efforts underway, i thought it would be a good time to look much longer term at what -- to start the conversation what the long-term transit needs a

. >> wecouning about outsourcing. >> we'd probably have to go to the county. >> city officials expect programs for teens and seen yors would also be cut. >>> warmer weather in store for the weekend. >> our meteorologist will let us know about which day will be the nicest. is is . >>> dozens of palm trees are enfected enfected or dying. >> it reduces the tree's ability to absorb moisture. >> 34 others of showing signs of infection. >> is it costs $35,000 to replace each one of those trees. >> public works is working on the problem. >>> we've got the timing for the weekend just in time. >> we've got the warming one, as well. >> temperatures by sunday would be approaching the upper 60s in the warmest locations. >> as far as today, we had some clouds, even a few light showers or sprinkles this morning. >> temperatures ranging from the upper 50s near pacifica to fairfield and antioch. >> just a clear check as you can see toward arkansas moving toward mississippi and parts of louisiana, we do have another round of severe weather and possible tornado warnings. >> back here in the bay area, a

responsibility is to analyze evidence and providing reports and testimony and managing grants and outsourcing of dna testing. some of their other responsibilities include valid dating, calibrating and maintaining scientific implementation and providing information to investigate oris and conducting internal audits and quality assurance management. in 2012 there were questions about -- conducted under the chief administration. we conducted an inspection of the laboratory. that's an involved process. it requires preparation by the lab staff to gather documents, records and be present and available to conduct interest interviews when the team arrives to answer questions when they are engaged in. we received new accreditation which is good until 2015. the dna analysis -- we faced a number of challenges that were related to capacity cases that the crime lab can analyze. one of the program that we instituted in 2011 was the additional sexual assault evidence program which we call a s a p. the intent of this program is to gather the most probative evidence swab that we can get when a survivor of a s

overlapping speakers >> what i would hope is that any christian, black, white, or green or yellow, not outsource to the authority of someone who is as fallible as they are. and part of what we're talking about here is a vibrant public space where every day ordinary people can think and act intelligently and reasonably and make decisions not driven by market sensibilities, not driven by charismatic authority, but driven by their desires and aims to live a full life. and if you're really preaching the gospel, if you're really standing on what it means for christ to sacrifice for all of us, then you need to just say none of us are worthy really. >> okay, gentlemen, gentlemen, hold that thought. we're going to take a break. we'll be right back. >>> if the most important institution historically in black life is as confused as the rest of us, it can take a step back such that it can be reimagined for the next generation. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't

outsourcing is clearly here to stay.we prevent another dewrazarser fro happening again. tan yeah has been a garmin worker for about 30 years. this donna karan dress will retail for about $15,000. his salary is about $125 a day, a far cry from his counterparts in bangladesh where garment workers are paid less than 2% of the amount. >> that's a high labor order. >> he says the work of his supervisors produces three dresses a day, but production rates in places like this are much higher. in a world where china wages are roughly $1 an hour manufacturers are pressured to turn out products at low cost, sometimes at the cost of safety. but this man says cheap labor doesn't necessarily mean lower prices for americans. >> something they miss is they're more expensive. >> but there's another problem. >> the companies will not give the american people the names and addresses of the factories they use. why not? what is the big secret? >> brands of retailers need to take responsibility for the actions that they are involved in. >> so

enough to bring back good paying jobs home to america instead of allowing giant corporations to outsource them to third world countries where they have what pope francis correctly called slaves for labor our government needs to be big enough to provide quality affordable health care for all americans it needs to be big enough to keep the social safety net intact so that when americans fall down they're able to get back up dust themselves off and begin trying to live the american dream once again our american government needs to be big enough so that it can provide a quality affordable education all the way up to ph d. for everyone who wants it or trade school so the students who attend college don't graduate with mountains of student loan debt that are going to haunt them for much of their adult lives and our government needs to be big enough to educate all americans about the perils of climate change and global warming and be able to put in the hard work that it's going to take to curb climate change and prevent a total environmental catastrophe. part of their work by the way includes br

not have our own staff and diplomatic security, which was an enterprise that had been gutted by outsourcingears, largely turned over to blackwater, let's all recall, and then blackwater became so politically toxic in a place like libya where you're dealing with such a government that you couldn't bring in blackwater, so the answer was the militias, which is who we outsourced it to, instead of keeping diplomatic security in-house that was funded. >> that's what we need to do. >> this is a tax on u.s. diplomatic targets by administration from 1970 to 2010. put this in a little bit of context, okay? we are seeing, in the broad scheme of things, right, very low historic levels of attacks at targets. it's unclear that embassy security on the whole in a macrosense is deficient. and the thing, eric, i couldn't help but notice today, to the extent there is a latest plot point in the scandal, it comes down to second-guessing a call presumably made by the africom commander as to whether to send out a special ops team at the moment he made the call not to send it. i don't believe the general is above

plus, a controversial guest who says outsourcing is good for america. thanks for watching. from all of us at first business, have a good thursday. >> announcer: the following is a paid advertisement for cold plasma sub-d by perricone m.d. how old does your neck make you look? would you like to take years off your appearance and help remove some of the signs of aging on your neck for a look that is firmer, tighter and more youthful? well, now you can. introducing dr. perricone's cold plasma sub-d. sub-d is specifically formulated for the area called the submandibular. often neglected, the skin in this area has unique needs, and cold plasma sub-d helps tackle

all you have to do is talk to a lot of workers and somebody is outsourced at some foreign company andthe job doesn't even stay in this country. this is a loophole that has got to be closed, and this amendment closes it. thank you. i would have preferred to oppose the at -- the intending democrat exception, but this do. concernsst say the the member expressed would be valid, i think, if this were written differently. we want to make sure that particularly those innovative are puttingat innovative products on the market have access to those that can help them as they happen to be foreign and that's the case in most cases, then we want to recognize that. here, what we're doing is saying that -- remember that the process for a green card is long and lengthy and we will be penalizing companies that are bringing in people and we -- trying to make them part of the permanent workforce and to do the right thing. we tried to incentivize good behavior by supporting the green card process. the gentleman is concerned about companies ply for a greeny to get around their exemption classification. th