regulate the rules already on the books in the first place we'll talk to commodities expert dr steven levy about all of that and while we're on oil is the argentinean government's move to take control of its largest oil company. just by the political fallout the latest example of the increasing tension between energy and economy as oil becomes more scarce and expensive and as the global economy is on life support built on debt will economic growth increasingly depend on energy control and a record number of americans are reportedly denouncing their citizenship or handed over their green cards many say it's for tax reasons that's right it's tax day in the u.s. we'll talk about the international backlash against i.r.s. let's get to today's council of town. all right u.s. president barack obama in the face of higher and rising oil and gasoline prices that we've seen went after evil oil speculators today and he wants congress to pass more regulation he wants lawmakers to do the following you want them to fund a six fold increase for surveillance and enforcement staff at the commodities futures

steven levi with the for continuing study of california economy many pension plans are based on unrealistic assumptions. >> because there was the recession and investment losses, you have to put more in the pot to meet the current obligations because the investments didn't make a high rate o return. >> reporter: good news is that the improving stock market will have a positive impact on pension fujdz but he says not enough. >> you have people saying there is really not a problem. by any interpretation, even the best scenarios possible, there is a big problem. >> reporter: and the pension funding gap is sparking debated up and down this state. many local governments are warning employee groups to pitch in more to the pension fund and in the long term are looking to raise the retirement age and reduce benefits for new employees. karina rusk, "abc 7 news". >> eric: look for changes when you download applications to your mobile device. it should be a big difference to your privacy. >> reporter: estimated mobile applications have been downloaded 35 billion times on smart phones and tablets yet o

rest of the conversation for another day we're out of time i appreciate you being here that was dr steven levy chairman of the author and chairman in the eye of leave capital management. thank you. all right let's wrap up with some loose change we have a looming cause he may very very nicely for joining us again today filling in for dimitri and shannon in the control room to talk about something that we talked about a lot on this show the lengths people are going to try to keep their money they've afraid of government overreach here is one of our gas and although you are talking about what a traditional safe haven switzerland how that's been affected by the reach of the i.r.s. listen to this. for americans this is a lot of safe haven because. he says it is impossible for anybody holding an american passport or going to get and deposited what you teach them. well it turns out that reach of the i.r.s. is affecting a lot of us this and that are lining up to hand over their passports get rid of their citizenship they live and work abroad they don't want to be taxed twice the u.s. is one of the onl

and we are going to go to commercial break and come back with andy levy and steven crowder with commentaryentary on what happened this evening. what's withou? trouble with a car insurance claim. [ dennis ] switch to allstate. their claim service is so good, noit's guaranteed. [ foreman ] so i can trust 'em. unlike rdy. dolr for dollar, nobody protects you like allstate. i remember the day my doctor told me i have an irregular dolrheartbeat,r, nobody and that it put me at 5-times greater risk of a stroke. i was worried. i worried about my wife, and my family. bill has the mos common type of atrial fiillation, or afib. it's not caused by a heart valve problem. he was taking warfarin, but i've put him on pradaxa instead. in a clinical trial, pradaxa 150 mgs reduced stroke risk 35% more than warfarin without the need for regular blood tests. i sure was glad to hear that. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding, and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleedin

and we are going to go to commercial break and come back with andy levy and steven crowder with commentary. stay with us. k has been here since the early 50s. my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it can be done well. [ ilona ] i came to ge after the plant i was working at closed after 33 years. ge's giving me the chance to start back over. [ cindy ] there's construction workers everywhere. so what does that mean? it means work. it means work for more people. [ brian ] there's a bright future here, and there's a chance to get on the ground floor of something big, something that will bring us back. not only this company, but this country. ♪ not only this company, but this country. let's start with car insurance x. this one does save people a lot of money and it's very affordable. it was very delici