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tv   Real Money With Ali Velshi  Al Jazeera  March 8, 2014 3:30am-4:01am EST

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"newsweek" says it sands by the story. this ended with sushi, served courtesy of associate press. presumably lunch was paid for with real money. market that can be cruel to baby boomers. and charter schools with the most powerful educatio players n education today. this is "real money." >> this is real money.
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welcome to "real money with ali velshi." tensions in ukraine continue to escalate. today the state owned gas production company that provides ukraine with crucial natural gas threatened to cut ukraine off from its pipeline. it says it's owed $1.9 billion for past deliveries, and they said we cannot deliver gas for free. no one thinks the timing of this is coincidental, by the way. ukraine's finances are in disarray. the interim government that seized power last week in kiev, ukraine's capitol, is teetering dangerously close to financial default. there is a real history of this stuff. in 2009 russia shut off ukraine's gas for two weeks over a dispute over payments. that just worsened an already ailing ukrainian economy.
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the gas cuts helped sink output by 25%. remember, it's used to run factories. ukraine depends on russia for most of its energy needs and used to enjoy discounts on the price it paid for natural gas until this week. any possible energy cut off could cripple a country that depends on gas to heat its homes and power its factories. meanwhile russia appears to be tightening it's grip on crimea, the autonomous peninsula on the black sea. ukrainian sources now tell al jazeera an estimated 30,000 russian troops deployed throughout the contested region, and today some of those troops took control of the ukrainian military post there. one day after crimeaen lawmakers voted to join themselves to russia, leaders of both houses of russia's parliament said that they would welcome crimea joining the russian federation. the united states and others have denounced any such moves as
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a violation of international law. new york city's east village is home to a significant ukrainian-american community, and the section of it is even known locally as little ukraine. the silka is an ukrainian restaurant for the past 60 years. it's owner said having his restaurant open 24 hours a day helps the ukrainian-american community come together to exchange news during a time of crisis back home. he says it's been a trying time for his employees. most of them, ukrainian immigrants. jason joins us now from his restaurant in the east village. it doesn't matter how bad the crisis is, food brings people together. obviously jason, not all of your clients are ukrainian, but it has become for your restaurant and those in the area around you, it has become a bit of a gathering place for ukrainian americans. >> it has, ali, thank you for having me.
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as you said, we've been here for 60 years. this has been one of the focal areas of the east village, and because we've been open 24 hours for the last 24-something odd years people seem to find the silka as a gathering spot to share in their feelings about what is going on in ukraine. a handful of staff are prepareig to back if ukraine goes back to war. they seem ready to go back and defend an independent ukraine. talk to me about that. >> it's a very cary scary proposition. the news over there not getting the state story, and basically they decided about half a dozen
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to ten of them young male ukrainian immigrants, they wanting to home to deal with what ever the future holds for them. if it means enlisting and fighting, they'll do it. >> is that what you're hearing from people? they feel like there will be fighting? do they feel it will de-escalate or pull back? what are you hearing? >> you know what, we can't take honestly in my personal opinion we can't take anything that putin says with any truth, to be honest with you. there was a pact signed, the bucharest memorandum that they were going to honor the borders. they haven't. they have a history of this in georgia, there is great concern, to be honest. >> al jazeera has been in ukraine since december. we've been covering this story since the trade pact that has been rejected.
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other news organizations have been there more recently. is there a sense among ukrainians that they're getting accurate news or are they still struggling to learn what is happening outside of the major centers. >> thankfully for the internet, they've had to turn to the internet for most of their news. the tv media has not been totally up front with what is going on. because of the age of the internet, cellphones, people calling and giving updates from different herhere and differente world, they're able to stay up-to-date. but it's very concerning, this is very grave times. >> you're keeping in touch with a lot of people who are concerned about their loved ones at home in their homeland, jason,
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from the restaurant silka. and i'l i'd love to help with you some of that food. >> thanks. >> peter, good to see you, i think many people have been following this for the past few days and understand the national gas that russia has a lot of it that feeds eastern europe and some of europe as a whole, and it goes through the ukraine. we get what is going to half if russia starts turning over spigots and if that starts to happen. >> a lot of countries have a serious interest in ukraine. russia is the one to focus on. but look at china. just in the last few years china has an insatiable demand for food and energy.
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it's the fifth largest grain exporter in the world. but there is more potential that china sees there. europe, of course, has interest, and the u.s. ukraine is not a member of the european union, but it's very clearly european in its nature. and it boards the european european. >> and there is this trade deal that was meant to bring it closer, which if you followed it, logically, it may have meant the ukraine joining-- >> that was the hope. that ukraine would get rid of some of its corruption, become more capitolize and join the european union. that's still the hope that some day that might happen. in fact, what ukraine needs more more than anything now is hope.
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without hope it's going to retreat to a fracktious kind of state. >> while europe is courting ukraine, and it's doing the things that it needs to do to become part of europe, russia wants it in its orbit. >> there is a budding eurasiaen group. and i think armenia is joining. ukraine is supposed to be a critical member of the eurasiaen union. ukraine, it's been said, thi it was written that without ukraine, russia cannot claim to be truly an eurasiaen empire.
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with it does have a foot hold into central europe, and it can say yes, we are still a power. that's very important to vladimir putin. >> who wants to be the head of a still powerful state. peter, a great article written by you. editor of bloomberg business week. look up his article of why the ukraine crisis matters. >> thank you. >> it's not easy if you're a baby boomer looking for a job. coming up, a couple facing the challenge. >> i suspect we'll be tapping into our savings. >> oh, yeah, next month. because unemployment is only like 40% of your salary. >> and overall i'll dive head first into the debate of charter schools in america. that and more as "real money" continues. keep it here.
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primetime news. >> i'm john seigenthaler in new york. >> stories that impact the world, affect the nation and touch your life. >> it's like a brawl here in the waters around monterey. >> only on al jazeera america. >> the u.s. job market showed signs of warming up in february after two months of very cold growth. let me break it down for you. the economy created 175,000 net new jobs. that's more than economists expected and up from the 129,000 in january and 184,000 in
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december. i said warming, not hot. 175,000 net new jobs in february is lower than the 12-month average that we've seen of 189,000. it's unclear to what extent cold weather continues to hurt job creation. now as for the unemployment rate that so many in the media talk about but fail to explain it edged up a bit to 6.7%, down from--up from 6.6% in january. now let me explain to you why the unemployment rate rising in this case is a good thing. the rate went up because 264,000 people joined the labor force, which we take as a sign that they're optimistic about finding a job. but of course joining the labor force means looking for a job. not all of them found a job so the unemployment went up a bit. that's the context that you need to understand the unemployment rate. earlier i spoke to labor secretary thomas perez.
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i asked him about the the lackluster trend of child jo job growth. >> we need to pick up the pace. raising the minimum wage, all of these things will help to pick up the pace of growth in our economy. >> there is definitely a move afoot to support this idea of reducing income inequality in the united states. we heard from mcdonald's they said look, things are going in this thanksgiving direction. it will effect our bottom line. we saw the gap made a bold decision to increase its minimum wage across the board. but in the budget the president has an idea of expanding the earned income tax credit. >> i think that has been one of the most progressive pieces of
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legislation, by the way, people like ronald reagan supported the earned income tax credit. it's because we want to reward work. when you want to reward work by having things like the income tax credit, and you're correct, the president is proposing in his budget to expand it, and give a more generous benefit to childless adults who are working, that's precisely what we want to do in this country. >> the pace of american job growth is not fast enough to provide jobs for all the people who need them, and no one has felt the pain of this labor market's weakness more than people economists call the long-term unemployed. they've been jobless for more than six months. in february their ranks grew to 3.8 million. among this group fewer people face bleaker prospects than americans aged 50-68.
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it takes them the longest of any age groups to find a job, and that often means slipping right out of the middle class. we have the story of one 67-year-old man caught in this challenging struggle. >> hi honey, can you get the onions? >> john and lisa say they're in a cash-flow process. >> we live very frugal lives. >> john lost his job in pittsburgh this june. in just a few weeks he'll enter the weeks of long-term unemployment. >> it's kind of difficult to find another position like that it's somewhat disheartening. >> reporter: long-term unemployment means someone who has been looking for a work longer than 40 weeks. 44% of long-term un.
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>> "bed" are baby boomers. le lisa said that their income has been cut in half, and they're still paying tuition for one of their kids in college. >> i suspect we'll be tapping into our savings. >> yeah, next month. definitely into our savings because unemployment is only like 40% of your salary, and our expenses have not changed. >> baby boomers like so many others during the great recession suffered from the economic down turn and lost jobs in huge numbers. i think the real question for baby boomers is why they're having such a difficult time reconnecting to employment. >> the center for workforce development found only 1 in 6 workers over the age of 50 found a job after unemployment. >> some of the organizations aren't particularly happy, so it's a question, well, do i want to join them in their misery. >> my understanding is that they
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don't have openings anyway, and they're not about to hire a 67-year-old man any how. >> correct. >> they're afraid older job seekers are going to be more expensive in terms of their wages or healthcare costs. >> the latest report shows that there are more older workers enduring long term unemployment more than any other age group. >> i'm very much a handyman. i think i would fit in well with a big box store like home depot. they pay much less than what i had been making so it would be a very significant economic hit. >> significant, indeed. 60% of boomers who do find another job take a pay cut. the result unemployed baby boomers are slipping out of the middle class. >> we might be hanging on to the bottom of the middle class. >> i think baby boomers are extremely vulnerable to slipping from the middle class if they have lost their job. >> it's a precarious situation
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for john and lisa. they lost half their retirement in the market crash of 2008. so retirement is not an option right now. >> i worry about outliving our money. >> reporter: to me the glass is always half full, and i'll always have plenty of drink. >> al jazeera. >> glass is always half full. optimism does count. lisa and john say they feel way luckier than other people hit by the down turn. he's getting a few hundred dollars a month from a small pension, and their daughter will graduate in may which they say will help their finances considerably. coming up, i'm talking to teachers union leader randy wine garden, and why she says that
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your global news leader >> public education is the bedrock of our society, but when it comes to public school education few subjects generate as much heat as charter schools. as you know these are schools that receive public funding but operate independently. right now there is a debate raging over them here in new york city between the city's mayor bill de blasio and governor andrew with cuomo, but you can't put aside the fact that they are attracting a growing number of kids and their parents. there are now more than 2.5 million students attending nearly 6500 charter schools in
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the united states. and over the past two years enrollment has jumped 225%. i want to explore what this trend means for parents, students, and teachers, and for that matter cities. for that i'm joined by randy weingarten. she represents teachers nationwide. you have a history with charter schools. >> of course. first, one of the first people to invent charter schools was one of my predecessor s, al shanker let people parents and teachers together get out of the yoke of a bureaucracy and try something new. if we can incubate good ideas, bring it back to the public system.
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but to try something new. in fact, we opened two charter schools here in new york city, and under the former mayors, one of the charter school far exceeded in terms of kids graduating from high school. >> so the concept of removing students and teachers , and the yoke of bureaucracy. putting aside the fact of he said-she said, many brought up is it an union? why can't you fire under performing teachers and we all have heard stories of rubber rooms, how do you respond to that? >> we need great community schools. that's what parents want. that's why frankly you see the number of parents opting for
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charters as we've had increasing austerity in our schools because parents want kids to be safe. they want kids to have teachers who can individual ate instruction. if look at the greatest school districts in our country and in countries outside of the country, they're unionized. they have highly densely organized teachers, why? because teachers need to work with each other. they need to have a voice. they need to be able to try things, and they should be able to have a little bit of pocket money so they can have the american dream for their kids. when we start talking about things like teachers that shouldn't be there, of course they--if someone shouldn't be there, they shouldn't be there. tenure should not be a cloak of incompetence. but what we really need is help
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and support the fantastic teachers we have, half of whom leave the schools after the first year. >> when we look at high performing schools, some are charter, some are not, but the point is to take best practice, and we've impoverished the public school system as the exexpense of this entrepreneurial system. >> we've had 20 years of experience with charter schools, the last two or three studies have shown that they're really no better. at large, than the public system because it's poverty and other things that actually weigh down schools. >> we had a great conversation where the suburban school system in america even if public tends to be one of the best in the world, and inner city school system in america is often poor, black and hispanic is suffering
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from under funding and administration tax base. >> we should not let them compete with each other. right now in the debate of new york bill de blasio staff approved 36 of the 45 charter locations that michael bloomberg did out the door. the one that is really getting all the attention, the mickey mantle school in harlem, why did the new chancellor said no, don't do that one? because it would have evicted special needs kids. frankly you have to look at all the kids. we can't have winners and losers. all our kids have to be winners. >> can we take the best practices that many charter schools have, the 6500, how many are high performing? many are, some are, how do we get the best of the charter schools and the best of the public school system and meld them. >> that's what places like new haven and other places are doing. they don't compete with each other. we actually don't have funding
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such as if you get funding for charter, it takes the money out of a neighborhood public school. what we need to do is lift all those and have people work and play together well. so part of the reason why the collocations were so terrible in new york because it took space like music rooms, art rooms from the public. we need to have lots of public choices, but the best choice has to be a great neighborhood public school for kids. the other thing they have to do is to follow the money. that's what the others have to do. we have to make sure that the for-profit charters, people see what the money is going for. >> thank you for being here. this is a bigger conversation. i hope you'll continue to have it with us. >> thank you so much. >> what is being called as the national day of unplugging, turning off your cell phones, ipods, instagram and facebook,
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you get the picture. it starts today at sundown. if you were completely unplugged you wouldn't know about this days because you wouldn't be watching right now. and i gets the fact when you're out to dinner and the person across the table can't carry on a conversation without checking iphones. i'm one of those people because i have multiple devices on me at all time. but let's face it technology keeps moving us forward, keeps us connected and keeps us in the know. i'm going to unplug as well, and >> good morning and welcome to al jazeera america. i'm morgan radford. here is the latest on our top story, a missing jumbo jetliner. malaysia airlines says the plane
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was carrying 272 passengers. it was a boeing 777, and was scheduled to land in beijing 7 hours ago. the airline says it was over the south china sea when last contact was made. this is a file picture of the plane. four u.s. citizens are on board. three adults, one infant. china dispatched three rescue ships to help in the church. >> effort to locate the plane were spoken about. >> to work with all the countries involved and their missions. the fact that we are meeting today, after two coordinating all the missions, coordinating all the agencies, getting all the information as far as we can convey to the public, i think it's the best we can do at the
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moment. >> news of the missing malaysian airline aircraft travelled through social media. the information board's listed the flight in red. malaysia airlines says it's reaching out to family members. here.