james schlesinger. [applause] >> fet very much.ems we could agree that we are more self-sufficient we may not be importing as much oil from the middle east but we are importing the price that when the price goes up even if we don't import so much a bit but the black stuff that has a direct impact on our economy so we need to see how we can control the price and we would like to thank you and i will give you a copy of the book that basically proposes a new way of looking at this issue is really appreciate both of you being here and we will take a 10 minute break then we will proceed in to lew discussing the actual accommodation of the report. [applause] been. [inaudible conversations] [inaudible conversations] >> for coming in today enjoyed as for what we believe is the launch of ids , of policy a.d. is that truly can change the pattern of the last 40 years. that does it cost anything more subsidies that is feasible truly thinks to the wrapping of of shale gas the means to the power our transportation and sector that is 97% reliant

i suppose the question schlesinger is asking, that all we do?all we do. >> the kennedy historian, reacting to the shooting, of course, to bobby kennedy, angered the american people have become quo et the most frightening people on set, his son, arthur and steven schlesinger. they are authors o. i loved bobby, i cannot bear the thought that he, too, is gone. what kind of president would he have made? i think very likely a greater one than jfk. he was more radical than jfk. he understood better the problems of the excluded groups and he would have been coming along in a time more propitious for radical action. he would have restored the idealism of america and, you know, i never knew that your father felt that way about bobby. i, of course, read his extraordinary book. it's one of the reasons i got involved in public service, but i never knew he so clearly favored bobby over jfk. >> he actually was much closer to bobby than he was to jfk. i remember i used to visit him in new york when i was in law school and he'd, we'd go out to dinner with bobby

cbs news business analyst jill schlesinger is here with what you should look for. good morning, jill. >> reporter: good morning. >> so what do we need to know to protect ourselves? >> reporter: you know, number one, there is no affordable care insurance card. beware. the better business bureau has issued a warning that con artists are trying to lure people into providing social security numbers or bank account numbers so they can send you what they are calling a new insurance card. well, unlike medicare, there are no obamacare cards. another thing to watch out for, the healthcare act created a designated breed of advisors. they are known as navigators. they generally work at places like the united way and local agencies and they are supposed to help the public sign up for coverage. well, imposters are now calling and e-mailing posing as navigators trying to steal your identity or sell you phony health insurance. remember, nobody from the government will call you, email you or show up to your house. if one of these posers appears, hang up, hit delete or shut the doo

we'll have more business news from jill schlesinger coming up in just a few minutes. >>> bay area parks and attractions affected by the shutdown are set to re-open today including the rosie the riveter national historic park over in richmond, muir woods national monument in marin county and, of course, alcatraz right in san francisco bay. >>> the big question this morning: can bart and the unions come up with a contract agreement? both sides have been talking since yesterday morning at 10:00. kpix 5 reporter anne makovec is in oakland with the latest developments. anne, that marathon session is still going on. >> reporter: it is. they pulled an all-nighter. they have been here as you mentioned since yesterday morning. so the negotiations continue. last official word we heard was at about 10:30 last night from the chief negotiator. no strike today. tomorrow, no guarantees. >>> reporter: it's been a week since the state-ordered cooling- off period ended and the piecemeal 24-hour strike aversions have only proven to frustrate commuters. with so many making alternate plans, bart ridership i

jill schlesinger of cbsmoneywatch.com, thank you. >>> 5:42 right now. about those scary contact lenses some people wear on halloween. the warning feds are giving. >> you can't beat the look on this little boy's face when he hears for the first time. the other remarkable things he has learned to do in the past few months. ,,,,,,,,,,,, i love watching tv outside. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the important part is that you're happy now. and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying bundles. rethink possible. father's voice for the first time. fast forward a couple of months.. and dr. jon la-pook shows us the other incredib things little grayson is now able t >>> the look on the little boy's face was pri

schlesinger, what turned this around and made decontrol acceptable?st, there was the opportunity created theall of thehah. public concern was rising whenroctionended in in. governmeal concern was risingven mo rapidly. alarm ulmately became more than alarm-- almost panic in the industry-- to acqui additional supplies. some action had to be taken byhe government. by june of 1979, president jimmy carter announced the gradual phaseout of controls on domestic oil. once controls wereifted, did the wildcatters jump out to start drilling again? yes, indeed. it had an immediate effect the l of ding activity began to rise as soon as decontrol was annoued. weere drilng annuallyabout 2,0 wells. we moved up until 1982 to about 4,500ells mo than uble the levelof driing activity. the new high oilriceand goment deconol were the financial carrots needed to lure suppliers back into domestic production.many of these oducers were independes who accounted for 90% of domestic drilling. wildcatter william rutter, jr. left the oil industry in 1959 and re-entered when the pro

but, you know, i think it's going to go right to the bitter end. >> okay, jill schlesinger live for usw york, thank you, jill. >>> it is 5:44 right now. coffee or sex? if people had to pick, which would they choose? >> good question. plus, need to lose a little weight? try the instagram diet. how the photo sharing website can have an impact on your appetite. >> but first, robbery revenge. a store clerk stares down the barrel of a gun. the item he reached for that sent the would-be robber running. ,,,,,,,, ,, ,,,,,,,,,, getting away with anything, except his life. we have the surveillance video from deli on new york's long isl. >>> a machete stopped a would- be robber from getting away with anything except his life. we have the surveillance video from a deli on new york's long island. a man wearing a mask walks in, pulls out a gun and demands money from the clerk. well, that's when the employee pulls the large machete from under the counter and chases the suspect out of the store. it's not what police recommend. >> it's probably best to comply with his demands and give the money up rath

jill schlesinger, thank you so much. >>> 5:43. a stinky surprise.cking discovery found inside a berkeley mailbox that will have you sailing, yuck! >> plus, a low tech method for detecting alzheimer's. how researchers say it may be as simple as smelling peanut butter. >> images of marilyn monroe like you have never seen before. the plastic surgery the legendary beauty had done coming your way. ,,,,,,,,,, crisp, fall rocky mountain air makes an epic journey, matched only by our journey to capture its scent. crafted by expert perfumers. part of our limited edition national park collection. air wick. the craft of fragrance. to a year in prison. dan sandler was known as "el elmo"... bec >>> a man known for harassing people in san francisco has been sentenced it a year in prison. dan sandler was known as evil elmo because he dressed as the sesame street character while bothering people in san francisco as well as new york city. yesterday, sandler was sentenced after pleading guilty to extortion. he was accused of threatening to publicize false information

here to explain why this is happening is cbs news business analyst jill schlesinger.orning. >> so, jill, how many uninsured people are expected to pay more under this new system? >> reporter: the government said it's going to cost about 328 bucks per month per person, right? well, that's a little bit different depending on what group you fall in. so here we had three specific groups of uninsured americans. according to the kaiser family foundation 38% of uninsured americans fall below the poverty line so that means they should be eligible for expanded medicaid, okay? so that's one group. a big chung, 52% will qualify for tax credits on a sliding scale based on household income. but there's this 10% of americans who don't have insurance right now who earn more than 4 times the poverty level so that's about household income for a family of four we're talking about $94,000. so those 10%, the bill for healthcare is going to be steep and could be, you know, 30, 40% more expensive than the government's initial estimate. of the average. >> wow. so why are some that may have

with more now we're joined by cbs news business analyst jill schlesinger. jill, less's talk about the criminal case. what do you think happens next? >> well, i think it's really hard to make criminal case. that's why no c.e.o. has gone to jail since the whole financial crisis erupted. we've seen a lot of civil suits but no criminal cases where someone has actually had to go to jail. they are notoriously difficult to bring and to win. so it may be one more case that gets settled. but i don't expect there to be a criminal charge against jay me die man individually or anyone else in that c suite. >> jeff: a $13 billion settlement, what cuss it mean for us. >> i don't think it means that much, i know that is disheartening. there will be some that get mortgage modification, that's great. and there will be a lot of money to be pour mood that. but for the regular old person out there, if you own jpmorgan stock t didn't really affect your stock price, it is a deal anticipated for quite some time. and for the rest of us, i don't feel really good about this deal and

. >>> jill schlesinger is with us this morning. >> good morning. >> are they exaggerating when they say it could be catastrophic? >> i don't know. i figure let's not go there and test this. this is really uncharted borders. we go back to 2011. it was very devastating. the markets were down 17% after the debt ceiling crisis. the economy was damaged. and let's remind everyone what happens here. on october 17th, we reach the debt ceiling. we probably get through the rest of october oklahoma. on november 1st, they're supposed to write a check to social security for $25 billion. november 15th we're supposed to make an interest payment on our bonds of $30 billion. without an increase to the debt ceiling, we cannot make those payments. >> what happens is the president has to prioritize himself. he has to make decisions about who gets paid. >> absolutely. we don't know if that means delaying the social security checks or the bond interest. i think the government would work very hard to make the bond interest payments. this is a destabilizing effect. remember what happens when the markets don't

cbs analyst jill schlesinger is looking into the prices and what they may mean for the family.ing to pay, how much you make right now, where you live, and what type of insurance you choose. so the pricing is all over the place from state to state and you can't -- that average is a silly number bus so many people are paying above or below that. >> are most people going to have to pay more? >> no. here's how it breaks down. about 38% of the people uninsured will fall into a category where they will be eligible for medicaid. that's for poorer people, right? and for some states, they have accepted dollars to expand their medicaid programs. then there's another 51% of people. those people will get subsidies from the government and they should be able to pay sort of a reasonable amount and probably less than what they're paying now. it's the 10% who are getting slammed. these are people who make more than that level at which you get a subsidy. so for example, this is a family of four that makes more than $94,200. those people are going to pay more for insurance across the country. >>

cbs analyst jill schlesinger is looking into the prices and what they may mean for the family.live and what type of insurance you choose. so the pricing is all over the place from state to state and you can't -- that average is a silly number bus so many people are paying above or below that. >> are most people going to have to pay more? >> no. here's how it breaks down. about 38% of the people uninsured will fall into a category where they will be eligible for medicaid. that's for poorer people right? and for some states, they have accepted dollars to expand their medicaid programs. then there's another 51% of people. those people will get subsidies from the government and they should be able to pay sort of a reasonable amount and probably less than what they're paying now. it's the 10% who are getting slammed. these are people who make more than that level at which you get a subsidy. so for example, this is a family of four that makes more than $94,200. those people are going to pay more for insurance across the country. >> can you explain? we've been reporting first and jan

schlesinger. i want to go to greg bowlen. you'll be the methanol institute.ich is the trade association of global methanol industry. talk to us a little bit about the growth in methanol production capacity around the world over recent years and what we can expect going forward. >> i would be happy to. i would start off looking at china. if you'd go back about ten years china had less than $1 billion of methanol production capacity. today they have got about fifteen billion gallons of production capacity so they have grown that much in the past decade. most of their new production capacity is used in coal as feedstock, and china made the decision that natural gas based coal is a strategic transportation fuel. >> methanol based. >> methanol based coal. >> coal based methanol. we get it right the third time. >> if you look at what is happening here in the u.s. if you go back to 1997, the u.s. had 30% of the world's production capacity from ethanol. we had 20 methanol plants when natural gas price that $2 or $3 you can make methanol all day and get a considerable

governing, what he called the vital center, which had a different meeting, according to arthur schlesinger, and it does. when clinton into it, this sort of -- most americans, for a modicum of liberal and social security, medicare, programs, most americans -- and you see this in your results. most americans want these programs. even the republicans start to go after them, even republican voters, you know, sort of rise up and the purchase. and so, you know, once clinton gets through those first two years he governs as a moderate. and you know, especially it and the domestics. it is a lawyer's the successful presidency and one that has the promise to end the national debt. he and newt gingrich had a secret deal at one time about how to sort of, you know, get rid of the national debt and just began to end the wars that were plaguing washington to this day. i mean, liberalism, i would argue, is in the best position it has been since the kennedy era because of the institutions and because the opposition is so absolutely just -- they don't understand that the american people, generally speaking a

schlesinger is always right about this. we are going to have oil forever. we need it. let's get into a marketplace with electricity, with methanol, with ethanol, and let 250 million automobiles now capable of trying it all do it. the only other point that i think has been underplayed today is it is healthier. it is interesting that automobile industry has been very imaginative, and he fuel industry to, and trying to figure out how can you get a higher octane fuel? for a long time we use lead, and we found out that is bad for you, and we took that out and began to put in carcinogenic things. we did not tell you that, but when you put mtbe in to replace benzene, via lane, they are all carcinogenic. achina, theex m windfall natural gas that enables you to make high-octane cohn said, gives you the high i think without the cancer. -- gives you the high op pain without the cancer. the deal. so we have the means to do this. if we can get the american people to express their values that are age-old. we like competition. we like a cheaper product. if it is healthier, that is ic

i love the antecdote and schlesinger says what will i do there and kennedy says i don't know what i'll was smart and he was honest about the fact, you run for president and you say all sorts of things but you don't know what will come up to hit you in the face. >> he followed a guy, eisenhower, who was rising in all historians eyes at the same time that thought that kennedy was too young and too inexperienced to be president and didn't like his management style. ike told kennedy it's like a pyramid, if it gets to the top it's very important. richard reid said kennedy saw himself in the middle of all these arrows. it was chaotic sometimes. >> without question it was chaotic. we talk about crisis. he passed through crisis after crisis over cuba, over berlin, over nuclear weapons. >> who was the most influential voice and least influential voice. you wrote in the book some people were misinterpreted. >> most influential voice was bobby kennedy. one of the frustrations for historians is they had meeting after meeting behind closed doors. we don't have records of that. we don't know what th