rick newman, chief correspondent for "u.s. news and world report." rick, critics say this is another republican plan that protects the wealthiest and puts an unfair burden on the poor. you've looked into this do you agree. >> it's a populist plan. 9-9-9, sounds like a two-for one pizza special. sit has this sort of nice ring to it. i don't think we should just dismiss this idea. i don't know about his numbers. herman cain says he could start out by raising the same amount of revenue the government has now while totally revamping. that's way too oversimplified. here's one of the main things he wants to do. usually you hear conservatives say we need to cut income taxes and the economy will magically prosper. herman cain is saying this. but he's saying he's going to make up the difference with the sales tax on the other side. this sounds radical but there's soundness to the concept. let's lower taxes on running companies, starting companies, and working and let's raise the tax on consumption which would encourage people to save money the principle is eco

that are causing controversy outside rick newman's house in boca raton.newman had plans to add a live and light newman's laser show violates - city code.they've offered to move his show to a diffeeent venue... but newman sayy it's too late. you will sson be able to watch t-v using your x-box. x-box.comcast and verizon will begin streaming t-v shows to micrrsoft's x-box 330 this holiidy season.microsoft also the world's entertainment aad comcast and verizon by oiiing streaming content to thee it pays to be a fox45 facebook fan. fan.you can win a motorola xoom tablet p-c.. just by dot coo slash foxbaltimore to there'' a new movie coming out starring steveemartin... jack black... and owen wilssn. wilsonn((movie nats)) nats))coming up your chance to win tickett to the big movve... nd details onna possible cameo by our own fox45 newssteam. team.((singing natss) naas)) and the x factor is bringing out a lot of talent... including several from right you're maryland.. --3 watching fox 45 good day baltimore. ((breeak5)) "i had tried everything else i knew to fix myself. the drugs didn't fix me

rick newman of u.s. world and news report. >> no more free stuff? >> not as much i think.ew debit card fee from bank of america. lot of banks, city group and others are going to charge for free checking. we saw it as a controversy with netflix over the summer. they split one plan where you got everything for one price into two plans. if you wanted the same stuff, you had to pay more for it. this goes back what the airlines were doing which is charging for baggage fees and three inches of extra seat room. >> everything but the soda. that's about it. pillows, blankets, come on. >> i think what's happening, there's less money in the economy. companies are cutting costs. a lot of companies are saying, look, we need to actually start charging you for stuff that does cost us money. it does cost money to provide these things. but in many cases what they're doing is unbundling the package of goods or services they offer. so it used to be you got all the services for one price. airlines, for instance, and netflix. now they're saying we're going to try to make extra money here. it a

i'm joined now by rick newman, the chief business correspondent for "u.s. news & world report." o have you on today. as we hear about this, it sends shivers down your spine, thinking about what college kids are facing, thinking about what parents are facing, that they have to put their kids through, and for people who are trying to save for their kids right now. but when we factor in the rising costs of college, with the shaky economy, you also see the rise in student loan default. take a look at this. the department of education says the average rate was last year at 8.8%. that's up from 7% in 2008. does this just tell you the upward trend is going in a direction that's continuing to increase without any help? >> i think there's a new and worsening pinch on recent grads. and one of the things that's been happening here is a lot of people who have been looking at the terrible job market have said, well, this is not a good time to look for a job. what do they do? they go to school, maybe they're going to graduate school or deciding to go to college instead of joining the workforce

i'm joined now by lynnette cox, bob molten and rick newman is the chief business correspondent for "u.s. news & world report." the white house says this could mean cheaper mortgage payments. >> some say as much as 1.7 million. it probably in practical terms will help a fraction of that. maybe 20%, 30% or so. if you look at the previous efforts, that's sort of the range, you know. we have high hopes and we want it to be able to help more, but frankly, even if it does help 1 million, we've got more than 5 million people who are out there in foreclosure, three months or more behind on their mortgages. so we've got a massive problem we're talking about. and this is just one little element that will help, but it will be a very, very modest impact. >> we've been saying that if there were a silver bullet to fire, we would have fired the silver bullet already. the administration says this is going to increase competition among banks to refinance. why would that be the case? why would banks be more likely to go ahead with it now? >> we see a lot of the larger banks that are out of the market. ov

joining me now to discuss this is rick newman, he is the chief business correspondent for u.s.here. the unemployment rate, national rate, theory still losing at a faster rate. explain why. >> this is just a tough squeeze for people over 50. they're the people who are paid more highly in a lot of companies, so when companies look to cut costs you want to look at the higher paid workers. you look at computer skills too. that makes them an easier market it's when they need to be pumping up that retirement fund. >> let's show everybody the top five companies that are recognized by aarp of being the best employers in other 50 years. scripps health, cornell university, national institutes of health, first horizon national corp and west virginia university. what puts them in the top five? >> they have terrific benefits for the older workers. you thing, boy, i wish my company offered stuff like that. they're generous with health care benefits and retirement plans, things like that. some are benefits not just for full-time workers but for people who work as few as 15 hours a week. they

but as rick newman tweeted today, what happened to the old sense of urgency on the european debt crisis? our specialist joins the table, next. e the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ shapiro ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. with professional-grade research. and some of the most powerful, yet easy to use trading tools on the planet. it's investing with intelligence and cold hard conviction. e-trade. investing unleashed. somebody didn't book with travelocity, with 24/7 customer support to help move them to the pool daddy promised! look at me, i'm swimming! somebody, get her a pony! [ female announcer ] the travelocity guarantee. from the price to the room to the trip you'll never roam alone. >>> follo

before we get into that, i want to talk about the camp experience here at doggy day carer rick newmanwners of camp bow wow here in columbia maryland. before we get into the training and correct behavioral stuff we will talk about experience why don't you tell us a little bit about that. >> okay boarding at camp bow wow these are our cabins, in their cabins we provide a comfy cozy cot, fleece blanket in evening, when they board and go to sleep we provide them with a congress and peanut butter and put on classical music. >> it is the pre mere experience for you pet. >> absolutely. >> you also work with the pet with socializing and things like that, so if you could tell us you know, who is this. >> this is kay la. >> when he got here what was he like. >> crazy no, he was over zealous just wanted to play wanted to get back here pulling mom through the lobby really she has been working hard at home, to try and bring his kind of temperment down so he is not so over zealous, causing any of the other dogs to lash out. what we have been doing is trying to reinforce what mom is doing at home. >