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tv   Real Money With Ali Velshi  Al Jazeera  September 30, 2013 5:30am-6:01am EDT

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winter olympics and it was the birth place of the olympics and the torch is set to cover 65,000 kilometers before the games and it will make it by dog sled and a trip into space and this is our website at al jazeera. >> believe it or not, an increase in bonuses may be part of the problem. this is real money.
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wrecking to "real money." you are the most important part of our show. tweet us at @ali velshi. >> obamacare health insurance exchanges opened for business. seven million people are expected to enroll. the white house is hoping over a third of them are young and healthy. the system needs these young invincibles top sign up. but as david arioso found out, many are not convinced that buying insurance makes financial senses for them. >> if obamacare is going to work, these are the people who will have to make it happen. photographers, real estate agents and bike messengers. the young, healthy and uninhired, the young invincibles. getting them to buy into the system is key to offset the costs of the sick and old. >> my money usually goes towards bills or rent. i guess i am young enough, naive enough to think -- i don't
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know -- that i don't quite need it yet. >> the new healthcare law makes insurances mandatory and sets market places to spread the risk. but with premium price tags in the thousands, the big worry is that many of these young invincibles won't buy in, hoping they will healthy enough. >> people don't know about it. yes really know about it. i can tell you people i work with, friends of mine, they don't really know. >> polls show that most young people say coverage is worth the cost. so here is the big question: is a small fine enough to compel the chronically uninsured? >> the financial penalty will motive ate me to look deeper and harder for finding a general health insurance plan. i don't know that it's a motivating factor. >> work white ner should expect to shell out an estimated $3,000 for the least expensive plan. >> that's almost seven times the penalty he will pay to go without coverage.
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>> to the extent that young, healthy folks stay out of the health insurance markets and leave the health insurance markets instead primarily to the older, the sicker, you know, and those less able to take care of themselves, then you have a market that's skewed. >> but in 2005, josh learned the hard way that there could be real costs to living without health insurance. >> i was riding home from dinner, and a car blew through a red light, sent me flying up in the air. >> after weeks of rehab and three steel pins in his wrist, he owes tens of thousands of dollars in unpaid medical bills. head. >> he still isn't sure that he will sign up. >> i was laid up for six weeks therapy. >> but after that, you didn't get health insurance >> no. well, i mean, you know, i was as a 28-year-old, you are not thinking about health insurance.
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>> david arioso, new york. >> in these young invincibles, the jenna, tracies designed they are unaffordable, obamacare could stumble. obamacare isn't quite the same obamacare that was passed into law. the supreme court made a key part of it optional: expanding medicaid. half the country has opted out. the result is the sort of a perverse logic about who qualifies for help. well. >> not everything is bigger in texas obamacare is designed to provide health insurance to normal lope income people. that will will lead those like austin cab driver, dave pass moore where they were before. >> tell me how things have been for you without insurance >> it has been pretty difficulty. like i said,
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i don't have any pry existing conditions. my the last time for if you will check-up, a full medical czech-up was probably fives years ago. it's designed to serve people like dave who has an annual household income of about $23,000,000 a year. if texas had expanded the program, a family of four earning up to about $30,000 a year would get health insurance. for those who earn more than that, subsidies kick in if they purchase onb barak obama's new exchanges. they are basically out of luck. about middle. >> you know, i know things such as probably prostate screening under a all of that stuff a lot my age is
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recommended. that. >> eligibility as it stands now states. >> in texas, we only cover in medicaid children, pregnant women, and the disabled for the most part. as for opting out, texas is not alone, about half the country has followed suit. the supreme court made that possible by shaking it optional. the results? about 11 and a half million people are left without coverage. completely unexpected, changed the political economicb amtic. >> opponents say medicaid is a standing. >> our probably is that we think there is plenty of money in the system already. it's just so poorly spent. under the new health law, the feds would foot the bill scaling
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years. >> there are many states in this country struggling well budget deficits and saying if this will only costs us 10% of the cost, we can't afford it some are fume being the cost they say they will have to treat anyway. >> the impact to our hospital district is $52 million a year. had we expanded medicaid, we would have got that 52 million from the federal government. instead, we are getting it from local taxpayers. >> if every state expanded medicaid, america's up uninhired could drop after the dust settles, some expect thattates
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like texas will ultimately end up expanding medicaid dave and other residents who are stuck in the middle will have to wait to see any help from healthcare reform. austin, texas pled kade passed in 1965, but it wasn't until two decades later, 1982, that arizona became a west belt city is trying to brew. >> our city has been about water. we know how to move it. we know how to process it. something big in the wind, about power, jobs and money. those stories and more as real money continues. keep
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[[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered? antonio mora brings you smart conversation that challenges the status quo with unexpected opinions and a fresh outlook. including yours.
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it here. >> we learned the dallas-based tri-global injury expects to expand 190 square miles into texas panhandle making it not just america's biggest wind farm world. >> that's big. l how big is wind energy. >> wind is still a tiny part of america's energy consumption wind power last year became the number 1 source of new e ledge trick generating capacity making up a blustery 43% that means wind energy can power about 15 million homes. wend energy projects totaled $25,000,000,000 in the last year alone. there are 891 wind projects. nine states now get more than
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10% of their power generation from wind energy the u.s. and china lead the world. contributed $78,000,000,000 to the world's economy. it's an unpredictable they are heading offshore. off the west coast. no where is the battle to create jobs
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harder than the middle class that shrunk in africa. wilk wilk has a plan. the city best anyone for beer is bet okay water. as an effort uniting prunes government officials. the silicon valley of water. david shuster has the story. >> what i am xooekt excited about today is that what we have been here is not a field of dreams. until early september, you see hundreds of people crowded around downtown milwaukee to celebrate what many hope will be a watershed moment. scott walker, tom barrett and business leaders from around the state broke the ice at milwaukee's brand-new global water center, a six year, $80 million effort to transform the city into the nation's preeminent.
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>> this is to fashion milwaukee as the fresh water capital of the world. >> located odd fresh water way. the former clothing factory now serves as a high-tech water incubator. it houses 25 companies and organizations exploring all things water from purification to using algae to treat waste water. dean efforts. he says collaboration is key. >> here, you have a vice president working with a high-claim professor with an entrepreneur on the second floor. they are here day-in and day-out. else. >> located near three rivers in lake michigan, milwaukee thrived catering to water-intensive industries like tanneries, meat packing and the world's four biggest breweries but rapidly deindustrialation resulted nad city deep in debt
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follow owed on you by urban blight and in desperate need of jobs. >> the overall need of the water council is economic development. we would like to create jobs for our children or grandchildren. we think we can do that around water technology. >> mil e, ce off of badgermeter. he says water companies have served dying industries survived by shift to go residential and other uses. they now make up a $9 billion industry with 150 water-related companies that range from multi-national corporations to up and coming startups that build green roofs that collect water. >> our city has been about move. silicon valley of water technology. >> supplying a type line. the university of wisconsin created the school of it fresh water studies and produced engineers, policy experts all
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specializing in fresh walt. >> there is a research they can use genetics to identify new water contaminants >> it's huge. i have been able to higher really top-notch talent who would have moved away otherwise. >> mcgee young is head of h 20 score and given subsidized rent. h 20 score expects to add 10 employees in the next year. just across the street, construction has begun on a publically funded $7 million water technology park. but the water council resists giving concrete projections on job growth. and say it is a misguided gamble
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that will not pay off for those most in need. >> there is an extraordinary ne disconnectbetween the facts on the ground. professor mark levine says the water sector makes up 3% of the 700,000 jobs and less that two % of the area patents relate to water technology. >> it's a tiny sector. leading companies have been shedding jobs in the mill walk e area. they have been outsourcing jobs to other states or to mexico. if this is something that is going to produce jobs for that 50% blake male jobless rate, from. >> mu scenario counters they will result in good jobs at all skill levels but more than anything, he hopes water will finally, help milwaukee leave the rust belt behind. >> this is something where i think we can be number 1 in the world. i want those who think nashville country treat music, silicon
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valley, chips. i want them to think milwaukee, water technology. >> david shuster, al jazeera. in case you are wondering about the sides of the market milwaukee is tapping into. it's $483,000,000,000. water is worth $100,000,000,000 in the u.s. alone. coca-cola knows in a world where water is scarce, heavy water use is a problem. al i velshi sat down at the clinton global initiative to discuss clean water in the most remote areas of the world. >> for every liter of beverage that we actually use, we will give back, for every liter, we will give that liter back
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through technology, through recycling the water before we give it back to the mun icipaliy municipalities where we proudly operate our plants and that, those two are not enough. the third is replenishment projects, capturing rainwater and water hash esting projects around the world. >> this is interesting because this is where, if my viewers are wondering where this fits into a money show. small veilings and women in particular. the slang shat unit that the can produce up to any water, using solar power or power from buio mass. the kiosk will be corrected with qualcom. enter development bank is a
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partner. dealing with the complications. >> and techno-stoor. >> a comen mccann health. >> providing health solutions to communities. so, it is all about creating healthy communities and at the heart of it, again, is a woman entrepreneur that will run this where we will train her, mentor her, provide micro credit to her and she will become the beacon of this community, higher more women and that community then with clean drinking water, with woman entrepreneurs becomes a successful vibrant community does not have ample access toss healthcare and you plant this thing that looked to me like a shipping container? >> it is. it doesn't look like it. container. >> you plunk this somewhere and people, main, for instance, will use the electricity
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generator to charge their cell phones >> or get connected because it will bring wi-fi to the vig. it will become a small point of retail. flat screen details will imagine people to watch the news. imagine the opportunities it opens you can in places like india, indonesia, latin america, africa. we have displayed now this year in mexico, paraguay and south africa. by 2015, we will be displayed in at least 15 countries. >> coca-cola hopes top employ between 1500 and 2,000 units of water pur documents, the sling shots he referred to in the interview as well as the complete eco center which include sling shots in 20 countries by the end of 2015. here is something that sounds like it's good news but it isn't always. more companies are rewarding top performing workers with bonuses. >> bonuses once were for the c suite. we now find them all the way
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down to the persons sweeping the factory floor. >> we will explain why more bonuses are one reason middle class wages are stuck where they are. that story and more as "real money" continues.
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what happens when social media uncovers
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>> one writer called this the most depressing fact in the census data that came out last week. if you account for inflation, a middle class american family with was making slightly more money in 1989 than the $51,000 the same family made one year ago. there are lots of reasons the middle class is getting squeezed. one factor is how companies are awarding companies for good performance. more of us are getting bonuses instead of annual pay increases. duwarte explains to you becoming a bonus nation is contributing to wage stagnation. >> these guys will finish out the top. >> magie works at she sells long-lasting roseses. she is doing well. sol well, her boss gave her a golden star and a cash bonus >> it's exciting to be doing something you love doing and
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then to also receive some extra it. >> she's part of an exup and downing wave of u.s. workers eligible for bonuses or variable pay. it sounds good but while bonuses are an effective way of motivating employees, the trend growth. >> employers are giving out bonuses because they are avoiding people giwage increases they can rely on year after year. >> according to the economicpom institute, during the great recession, wages well for the bottom 70% of americans which, by definition, includes the middle class. even though productivity among u.s. companies grew. the extra profit went to shareholders first and then to the highest performing workers in the form of bonuses. some of those workers include employees who make as little as $29,000 annually who are now getting bonuses. >> ken arbaush is an expert.
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>> they were once for the c suite. we now find them all the way down to the person who is sweeping the factory floor. >> here is how it works. every year u.s. companies set aside a pot of money for compensation increases. according to a new released hewittse survey. 74% went to bonuses. today, 81%. th that could mean less money in the pockets of middle income workers, including those who get why? >> say you make $50,000 and get 3% annual raises. after 10 years, you would have brought home more than $640,000. if, on the other hand, you get 3% annual bonuses, after a decade, you will have gotten about $75,000 less than if you got the raises. >> in addition to lowering overall compensation costs, bonuses give companies more flexibility to aadapt to swings in demand. >> companies use bonuses as a
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way of moving their total compensation up and down based on, you know, how they are doing that year. >> john challenger says companies used to grant pay raises to offset inflation but a weak economy and sluggish job market has kept inflation down. pressure by investors to increase profits is leading companies to reward their most productive employees with bonuses and give others little to nothing. >> entry level, non-exempt employees in the u.s. generally would expect to see a 5% bonus opportunity of their pay. executives could see anywhere from 50 to 75% to higher. >> it's not just big companies wagon. >> donna rockan in chicago says, variable pay is common among the 23 million small businesses in america like >> whether you are making swim suits or selling ice cream, there is a seasonality to it.
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a lot sell the bulk in the last three or four months of the year. they have to have a way to preserve their payroll in the sluggish. >> her boss knows that well. her business is only a few months old. >> as an operator, and the owner of the company, we have to manage our cash flow. >> uh-huh. >> we work really lien. >> how lea in is lean >> for store workers who help businesses become more productive, the businesses will come so long as she keeps out performing everyone else. in chicago, al jazeera. >> we shut node luxbloom says it gives employees merit based raises. i am in for ali velshi. thank you for joining us. dr seuss
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