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tv   Real Money With Ali Velshi  Al Jazeera  June 28, 2014 2:00am-3:01am EDT

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ukraine takes a big defiant step to the west and away from russia by signing a trade deal with the european union. we'll look at what the agreement means to both sides and our global economy. middle class families squeezed by the cost of childcare. we show you how mums and dads are coping as part of our year-long focus on the middle class of america what could be the deal of a life-time. if you are looking to buy land to build a home - $100 a block. we'll tell you where and why. i'm jen rogers, filling in for ali velshi, and this is "real money".
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this is "real money," and you're the most important part of the show. tell me what's op your mind by tweeting at ali velshi, and at facebook. ukraine thumbed its nose at russia by signing an great with european union. two other blocs, moldova and georgia signed their own accords with the e.u. the sweeping and economic pacts promise to push all three closer to the west and pull them away from russia's domination. the russians won't make them easy. officials warn all three of serious consequences in the days and months ahead. now, if you recall, this whole political crisis in ukraine started when the pro-russian president backed out of signing this same e.u. agreement under pressure from moscow, igniting months of protests that overthrew the government in
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march, angering the russians that responded by annexing crimea and fuelling violence in ukraine. the u.s. and e.u. slapped financial sanctions on russian officials and companies and are expecting further sanctions. they held off for now, but warn that new sanctions are ready to go and can be implemented without delay if russia doesn't back off in ukraine. now, for ukraine, the e.u. accord gives it a chance to integrate with the e.u.'s common market. that is 500 million people. russia teamed up with two other soviet republics to create a eurasian union. moscow was trying to pick ukraine to pick its e.u. over the one in the west. ukraine made its choice today, damn the consequences. in reality unfettered access to europe will boost opportunity in
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the west by opening up traditional markets next door in poland and hungary, but antagonising moscow is a problem for the industrial east which supplies. those local concerns explain why civil war threatens eastern ukraine. for more on the e.u. accords and the situation on the ground in report. >> reporter: it came down to a flourish of a pen, a signature on a page. this will fundamentally alter the lives of people. getting to this point cost hundreds of lives and strained diplomatic ties. it brouct ukraine to the bring of civil wore. president petro porashenko said his country paid the highest possible price to make his dreams come true. >> of course, all of us would have wished to sign the agreement under different, more comfortable circumstances.
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on the other hand, the external aggression faced by ukraine is another strong reason for this usual step. by signing this agreement ukraine takes enormous commitment in terms of reform. but it is a document of joint ownership and responsibility. >> this treaty is not without cost. ukraine now benefits from having access to the european market. but must make significant reforms to comply with e.u. regulations. full e.u. membership is a long way off. russia continues to express its anger, the kremlin predicting grave consequences if russia's economy suffers as a result. in moscow vladimir putin said the kiev situation created a risk with the people. >> translation: the anti-constitutional coup in kiev and an attempt to impose a
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choice pushes society towards a split and painful confrontation. >> reporter: more than 100,000 fled from ukraine into russia - fearful of the conflict and the future. an army ceasefire due to expire on friday may be extended. in reality it has been meaningless. both sides exchanged fire, and on thursday separatist militia openly attacked guard units. let's dig deeper no the newly inked deal for the e.u. and ukraine and moldova and georgia. joining me now is a eurasia analyst, at a firm based in austin, texas. thank you for joining us. >> thank you for having me. >> how much of this is symbolic, and how much
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means that real reforms are ahead. >> it's not just simply symbolic, there'll be opening of ties between the e.u. and ukraine. there's a lot of work to be done. this is the beginning. in terms of real impact, we haven't seep that yet. >> what do you think eventually over the coming years. this will mean for the ukranian economy? >> well, i think another important point to consider is not only the changes that will come to the e.u. relationship with ukraine, but also with russia, and russia has made it very clear that they will enact restrictions against the ukranian goods as a result of these deals. they will continue to support the separatists that are fighting in eastern ukraine. they have political and cultural tools to use.
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as long as the country continues its westward path, this is what the agreements will really affect. obviously russia is barely opposed the deal, and you are talking about ukraine in russia, what about a reaction from vladimir putin, towards the west. do you ipping there'll be one. i think that vladimir putin is looking at the entire region, and how, from his perspective what he sees as a western encroachment. not only in ukraine, but countries like moldova and georgia. obviously the europeans have backed them. they are the ones that are pressing on russia in the form of sanctions that they are trying to pass. as we have seen today, they postponed further sanction, and i think russia knows the europeans are not likely to enact major jurisdictions. >> ukraine has a lot of the headlines, but moldova and
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georgia are in the sphere of influence in part of this. can you talk about that and if you see that as important. >> obviously ukraine is the country that has been grabbing the headlines. right fully so. there are notable things happening in moldova and georgia. what we see in ukraine is happening to a lesser and sudle extent in moldova and georgia, because russia has a lot of tools it can be using there in moldova. in moldova, we have russian troops, we have an autonomous reason favouring ties with moscow, and the breakaway areas in georgia, and other tools that russia can use there. these countries will see as much activity as ukraine will in the coming weeks and months. >> can you address the ceasefire and how successful you think this will be?
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>> well, clearly the ceasefire has not worked so far. i mean, they announced it last week. there has been fighting continuing on the same scale. maybe a little less than usual, but we see major attacks happening by the separatists, and i think ultimately we will continue to see the separatists operate in eastern ukraine with backing from russia, as long as ukraine continues the western orientation, so we have the deals that have happened today. as long as the government continues the path we see the operate. >> thank you for joining us. >> thank you. it looks like a federal investigation into general motors is heating up. g.m. and parts supplier adelify handed over documents looking into the recall of millions of cars with faulty ignition system. the documents were turned over
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to the justice department. delphi built the switch leading to the recall of 2.6 million cars and g.m. is linked to 13 deaths. the documents show a high-ranking g.m. executive knew of the problem in 2005. the executive, doug parks, was not among the 15 g.m. fired after an internal investigation into the delay in recalling the cars. a g.m. spokesman would not say if parks had been disciplined. the internet you know is always at your fingertips, where everything is a few key strokes away. coming up we show you the net you don't know - home to an underground economy you can't reach with a search engine. and an expensive surprise for one of the families we have been following as part of our coverage of america's middle class. >> al jazeera america
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only at al jazeera america [ ♪ music ] going, going - gone. the federal government today auctioned off nearly 30,000 bitcoins seized after the fbi shut down the online marketplace silk road last year. the u.s. marshall service ran the sale of current say that would be worth about $17 million. bidders had to prove identities and deposit $200,000 much the winner will be notified on monday. the agency may sell more than 50,000 bitcoins it collected. the site allegedly allowed anonymous buyers to buy and sell illegal drugs and other items. it exists in electronic form and had wild swings and values since being introduced in 2009. the silk road bust
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tarnished itself with the public by being linked with criminal active i, but helped the deep web flourish. the little known region of the web has its virtuous. >> reporter: the internet searched with conventional engines like google and yahoo! is the tip of the iceberg. beneath is a web that can't be called, indexed and retrieved by standard search engines. developed by the u.s. and norwegian developers to hide communication, the deep web holds mostly public databases accessed through a search box the the national library of medicine, for example, and private networks locked behind fire walls and log inns. >> making online communication invisible. >> reporter: there are hidden
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services, pages, forums, accessed through browsers that use onion routing, wrapping sites through encryption. >> you take something and rack encryption around it and transport it to three different places before you come out location. >> the ability to operate anonymously makes the web attractive to criminals trading in illegal firearms, child pornography and other content. the most notorious is silk road. shut by the federal bureau of investigation following the arrest of its creator, it hits and is resurfaced as silk road 2.0. silk road became a haven for criminal activity. while vises grabbed the head lines, the deep web is used for virtuous activities. activists from the green
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movement used the deep web in 2009 to circumvent government restrictions and organise protests and educate citizens. >> hidden services are used by all kind of people. >> deep web hidden services are used by law enforcement, investigative journalist, the military and ordinary people who don't want the online activities monitored by the government or other outside parties. >> i think the deep web is a force for good. i think the future will bear that out, like it has with any technology. bitcoin's problems are not limited to being linked to criminal commerce. doubts about the security of exchanges where people by and sell bitcoins were raised when the premiere exchange was hacked, resulting in a loss of half a billion. it is now defunct, as in gone.
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our next guest is not put off by that track regard. he runs a new york city base kurps si exchange -- currency exchange for bitcoin, thank you for coming in. it's interesting, taking the deep web, which scarce a lot of people, that people have reservations about, and showing the good sign of it. with bitcoin, what will it take reputation. >> you have companies like ours that are working to legitimize bitcoin and use it for other purposes that we think it within be helpful for. for example, luring remittances for consumers sending money to families overseas. you know, also we belief na we can cut the fees involved with credit carriage transactions by a 10th of what they are. >> given you are an exchange, and we talked about mt goth, there's an exchange, how can you
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make sure you don't go down the same path? what protections are there? >> it's a long conversation to talk about the security platform that we have. it keeps us up at night and we think about all the time to make sure we do things the right way, following best practices. every time in the past that you see a bit copy exchange get hacked. they weren't following best practices, and it was an oversight on their part. >> mt goth is a huge name. do you thing it was an anomaly. >> companies come down to people. i think the people involved were the cause of attack. >> last august a u.s. regulator subpoenaed your company and others. is the regulatory hurdle the biggest that you face. the regulatory hurdle is the biggest challenge. that is what i spend all of my time on, obtaining regulatory
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licensing in the u.s. for the companies that are more established in the space and have been around for a while, we are seeing light at the end of the tunnel. it's a lot of work to get there. >> how do you convince people to take the step into a digital economy. it's volatile, there's not the same protections, or maybe you can say there are. i want to hear what you say about having a sovereign or central bank being involved. how do you convince people to do it? >> it depend who you are. if you send remittances overseas, take a look at bitcoin. you can cut your cost from 10% of what you are sending to less than 1%. there's a huge value proposition for the market. companies like ours were building up the networks to cut credit card fees, there's a lot that they can do. they are very complicated. i think that over the lopping
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run, as we legitimize bitcoin we see a tonne of these cases and make everyone in the world wealthier because of the technology. >> what about about volatility, that's a challenge. is that something that will be changing. >> it's an issue for some people. most people use bitcoin, but don't know it. you will be able to send dollars to me, or take them and send euros to your family in europe, and you'll never know that you utilize the bitcoin protocol. that's where we see things going. it's early stage, everyone has to hold a bitcoin to fund it. >> c.e.o. of copyseter. thank you for explaining this, it's a complicated issue, lots to take in arts and craft retailer michaels is proving to be no go pro. it made a trading debut, barely
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pulling ahead of $17, closing up $0.02. not even pricing shares at the low end could compel buyers to scoop up shares. go pro gained 14% in its second trading day for middle class families with a mortgage and mouths to feed, both parents have to work. that means paying someone to look after the kids. >> there's something wrong when an associate professor with a make end meet. coming up, the challenges of child care and how some families are trying creatively to meet that plots of land for sale in a major american city for $100. we'll take you there. >> tomorrow, retired senator george mitchell.
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>> not every problem in the world is an american problem. >> shares his unique perspective on the future of america, home and abroad. >> people everywhere have certain things in common that are actually much greater than their differences. >> every saturday, join us for exclusive, revealing and surprising talks with the most interesting people of our time. talk to al jazeera, tomorrow, 5 eastern. only on al jazeera america.
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[ ♪ music ] over the year we have been following the financial ups and downs of three families of part of or series "america's middle class - rebuilding the dream", we here from the sabino family, burdened with high taxes and unforeseen expenses. the long island couple can't seem to catch a brab. >> look at that. unbelievable. someone. >> my neighbours tree fell, and what happened was the tree shed. >> stuff in the shed was ruined. >> stuff in the shed was ruined. >> power washer. >> power washer got ruined. >> the tree removal guy wanted $1,000. i'm trying to do this myself. bat. >> we're going to lose. >> it's an inconvenience.
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>> it doesn't stop, it keeps going and going and going. >> i have a rip in the liner. now what? man, i got get someone in here to repair this. i can't win. >> i don't have the pool. the one thing i was looking forward to for the summer. >> we'll get it fixed. >> not rite away. >> we don't have the money to put the liner in. >> we are waiting for insurance. >> i feel like there's a joke. i'm totally being tested. how much more can we take. there's times i'm afraid to wake up because i don't know what to expect. like oh, my god is my car going to start. >> the car is not turning over. i don't believe it. is this going to break, is that going to break. it. >> it's a struggle. then again... hook or crook we'll get there.
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the one constant about unexpected costs, you should expect them. an emergency stash of 3-6 months of income is suggested. that's not always possible. next week we check with the williams family weeks after their wedding they find a new job comes with a price. well, the list of financial burdens squeezing middle class families includes rising rents, property taxes, transportation and health insurance. tonight we focus on another major cost - childcare. in 31 states and washington d.c. annual childcare costs more than a year of in-state public college. as mary snow reports, finding quality affordable childcare is not just a problem affecting working class parents any more. >> reporter: for working parents taking care of this 9-month-old
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baby and 4-year-old desza up and miracle. >> not yet. >> but jug lipping the cost of -- jewingling the -- juggling struggle. >> a third goes to childcare, the next third for rent. when i go to the grocery store i check that i haven't overdrawn. >> reporter: carla is a tenured professor. todd runs a music nonprofit and taxis -- teaches part-time at columbia university. apart from a combined income of $110,000 they can barely pay day care fees. it moons trading time off at home. it's stuff. >> there's something
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systematically wrong when an associate professor with a partner making some salary truly can't make ends meet. between. >> childcare is the highest household extent, exceeded on the west coast bay housing. >> reporter: annette is the director of a nonprofit studying the cost of childcare. massachusetts ranks as the most expensive at $29,000 for two young children in daycare, with mississippi the lowest, at $9,200 a year. nationwide childcare costs have been growing at a rate five times that of family incomes. >> we are seeing a time in the united states of america where people are having babies literally off an economic cliff. >> christen co-founded mums
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rising, a grassroots organisation with a million members. cost increases can be explained by rising expenses at childcare centers, the larger issue is a manner of supply. day cares in 19 states had waiting lists, and turned away families, unable to keep up with a rapidly rising demand of the labour voice. 50% of the workforce are women, and three-quarters of mums are in the workforce. 50% of families rely on mum's winner. >> reporter: yet the economic squeeze of childcare forced mums like jessica, a washington d.c. work. >> working for the environment law firm was one of the most satisfying jobs i have ever had. it didn't make sense for me to continue there financially. >> christy gave up a litigation assistant job when her second
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son was born in 2009. like many families, she couldn't afford to give up a second income altogether. she picked up freelance consulting work to keep the household budget afloat. >> yes. >> even for parents with full-time jobs, professional sacrifice is a constant. bellamy landed a coveted teaching fellowship for the fall, but worries she and todd will not be able to afford the extra days of baby-sitting they need. the only hope rests op getting salary raises in the coming months. >> if we can't get the salary increases we need next year, what will we do. what is the plan b. there's no plan b. >> there's only reaction. >> there's a tiny bit in the savings that will go away, which is not enough. studies have shown the expense and difficulty of
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finding childcare hurts the overall economy. according to america's edge, a nonprofit focussed on business, and education, employee ab senteeism related to child care costs $3 billion each year. coming up, land for sale in a big american city - the price $100. and coming up testosterone in a u.s. city. >> see then police are having stones thrown at them by the protestors >> an unpopular uprising... >> these...violations were part of a systematic tactics by venezuelan security forces >> brutal government crack downs >> the amount of anger here, you can see tensions between the two sides... >> is venezuela on the brink? fault lines al jazeera america's >> ground breaking... >> we have to get out of here...
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award winning investigative documentary series venezuela divided on al jazeera america
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>> on tech know, >> the system is paying attention... >> life saving technology... >> i definitely slowed down as a result... >> transforming the way you drive... >> maybe crashes won't happen any more... >> smart cars of the future... >> whoa...i would have driven straight through that... >> tech know, every saturday go where science meets humanity. >> this is some of the best driving i've every done, even though i can't see. >> tech know. >> we're here in the vortex. only on al jazeera america. >> hundreds of days in detention. >> al jazeera rejects all the charges and demands immediate release. >> thousands calling for their freedom. >> it's a clear violation of their human rights. >> we have strongly urged the government to release those journalists. >> journalism is not a crime. is imagine paying almost nest
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to nothing for a parcel of land. if you dreamed of living in new orleans, you may get a chance to buy property for as little as $100. it's part of a proposal to renovate the lower ninth ward, a city struggling. jonathan martin has the story. >> reporter: almost nine years after hurricane katrina in the lower ninth area, progress has been slow. the population is half it was before the storm, vacant lots litter the streets. life. >> it is frustrating. we fight the city making sure that many buildings are demolished. >> reporter: there has been some effort, like brad pitt's foundation building homes, it is said that the state has failed
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to put money into the lower ninth. a new plan, having the city sell 600 vacant lots in the lower ninth for $100. >> nine years after hurricane katrina, the conventional ways working. >> wesley bishop is behind the plan, approved by the state legislature and is modelled by other areas. businesses won't move back, because not enough families are there. selling the lots for $100 gives people an incentive to move and rebuild. >> people can go to a bank and say "i may not have the best income, but i have a piece of property that may be worth 10, own.". >> contractors and developers would not be eligible neither
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people with tax liens. buyers are limited to one property. at recent meetings, there has been huge interests. >> we are getting emails from folks out of town that wanted to come back. >> the legislation involves changing the state constitution to sell the properties, voters will have the final say in november, a crucial that could help to bring back the long-battered community. >> so let's talk about the changing landscape in new orleans, with greg, editor of new orleans's "business daily", thank you for joining us. >> good to be with you, thanks for the invitation. >> a superinteresting story - $100 grabs everyone's attention saying "i want one." what is demand like down there for real. >> in that area, that
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neighbourhood it's not all that strong. for the reasons that you have a number of standing blighted property. keep in mind that this was a problem that affected the ninth ward prior to katrina. the storm exacerbated the damage, making it more widespread. historically it's been a neighbour hood that has been difficult to attract investment. >> so if that's a problem, and the after hurricane katrina, is $100 enough to lure people back, or do you have to pay people? >> i think the key aspect in this programme is they are prioritising it for people that live there, in what they call the lot next door programme. it worked well in new orleans, in lake view. more affluent, and it was able to bring more people back after the storm. they chose to buy the lot next door, and they either expanded
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their existing residences, or built family compounds. i think the belief is that this could spur development in residences in the lower ninth ward, a feeling that if we have more people living there, you'll see businesses come. it has been the hang-up of private investors on the commercial side that there isn't the population down there to warrant a grocery store or other retail options. if they feel they can get residents in first, maybe some of the needed commercial development will follow. >> is the goal to return the ninth ward to what it was, or is the goal to make the ninth ward something different - something different than it is now, or different to what it was before the hurricane. >> right. one thing that i find crucial to explain when laying out the landscape of new orleans, is that it's really a city of neighbourhoods like no
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other, and that you can travel 10 minutes from downtown in one direction and find a neighbour hood different from the one that you would go upriver into. i think where you have residents of the lower ninth, what they strive for is more or less a return to the community, where there are schools, businesses, where they can shop without going across town to conduct commerce. whether it takes the shape or form of what was there before, i don't think the hang up is there. what they really have a problem with and we have seen developments propose a mixed apartment complex. that's not the ninth ward - it's been single family homes and dooup lexes, and that is what the neighbour hood wants. will it look like it used to - that's the hope.
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in an architectural context. they want to get past the legacy of blight, crime, low income and community. >> lifeblood back into the community of new orleans. greg is the editor of new orleans "city business", thank you for joining us. >> you're welcome. once upon a time summer movie blockbusters were about action, think about testosterone car chase, explosions - not any more. why hollywood has a case of chick-flick fever. and a one-man rant that is baseball's top al jazeera america. we understand that every news story begins and ends with people. >> the efforts are focused on rescuing stranded residents. >> we pursue that story beyond
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the headline, pass the spokesperson, to the streets. >> thousands of riot police deployed across the capital. >> we put all of our global resources behind every story. >> it is a scene of utter devastation. >> and follow it no matter where it leads - all the way to you. al jazeera america, take a new look at news. >> weekday mornings on al jazeera america >> we do have breaking news this morning... >> start your day with in depth coverage from around the world. first hand reporting from across the country and real news keeping you up to date. the big stories of the day, from around the world... >> these people need help, this is were the worst of the attack took place... >> and throughout the morning, get a global perspective on the news... >> the life of doha... >> this is the international news hour... >> an informed look on the night's events, a smarter start to your day. mornings on al jazeera america .
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>> this, is what we do. . >> al jazeera america. man. it's been six months since colorado began to sell recreational marijuana. economists predicted a huge cash flow for the state from tax revenue. that prediction has not come true so far. jim huli has more from denver. >> reporter: at the cannabis business summit, you'll find new ways to get high. >> i'll drink this and get a buzz is this. >> depends on your metabolism.
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>> reporter: and new ways to make money. >> this is a bear-proof bad. >> reporter: that i can smell. people are here from around the country, taking in the showcase. >> 50 % of our sales are raw cannabis. shop. >> we had a 3-hour wait to get in the door. >> business has slowed, so has the tax revenue coming into the state. prior to approving legal pot. voters were told she'd see plenty of green. the state estimated taxes would bring in 67 million. in march they dropped that to 54 million. now they are saying it's over 30 million, less than half the original forecast. >> when people made the projections, they had to make a dozen assumesptions as to what is supply.
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>> they may have overlooked medical marijuana. 2.9% compared to 28%. and 113,000 in the state have medical marijuana cards. >> can you believe the numbers would be this off. >> diane carlson is with smart it. >> we were promised that marijuana would be tightly regulated. that it was be a boon for the revenue of our schools and it would bekept out of the hands of our kids. >> reporter: $40 million was supposed to go to schools and other organizations. at the moment colorado is the business model. >> there's 800 people at this conference telling you that they are coming to colorado, because they want to be a part of history. >> a history that may change after state economists take a full assessment of a year's worth of numbers, and see how green the
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is. it's summer, which means it's officially time for big blockbuster movies. it turns out some of the biggest money makers are not shoot-them-up super hero movies geared to men, but chick tlicks, aimed -- flicks aimed at teen girls, making movie studios rethink the summer fair. >> reporter: 82% of teen flicks are for females. they are bringing in big bucks. angelina jolie's disney blockbuster geared for girls, "maleficent," is one of the top grossing movie, bringing in almost $192 million since it opened may 30th. it's holding its own in the box office against a traditional blom buster geared for boys "god civila", they are neck and neck for the top spot. "maleficent" beat out tom
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cruise's "edge of tomorrow." >> movie reel: come on. >> reporter: so did "the fault in our stars" way has a female audience, grossing over $100 million worldwide. hollywood studios are starting to take notice, and women and young girls are as important to the box office in the summer as the young male studios went after. young males is where it all was. here to tell me about it is our guest, the senior media analyst at hi. >> hi. >> is this a trend or a couple of movies that did well? >> i think it's a trend, and it's a long time coming. think back to 2001 when the "princess diaries" opened well and earnt $100 million in north america. it was a wake-up call. that was a movie aimed at young adult women. if you fast-forward to films
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like the twilight series, "the hunger games" and "maleficent," and "the fault in our stars," which did incredible business, you can see that women wield clout at the box office, and the fact that something like 4% of directors in hollywood are women, there's something going on there. definitely we need more representation on the other side of the camera. there's a big representation of sure. >> is there one reason the studios like this because some of the chick flicks are cheaper to produce. "the fault in our stars" which brought in there 100 million, it had a fraction of the budget of tom cruise's movie, $12 million compared to $175 million, yet it brought in less. >> studios should love these movies, but they are not all lower budget films. if you look at "the hunger
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games", which branched out into being a movie that appealed to all audiences - guys and girls liked it. having a female at the interest of the movie, kat nis ever dean, portrayed by jennifer lawrence, it went after women, and it's not just about a big spectacle, it's about comedy. "22 jump street" had a 50% viewe viewership among women. tatum. >> exactly. this is something we see more of. guys are distracted. they have their - a lot of video gaming going on, a lot of - inside the home entertainment, you know, on the various platforms like - you know, all the various deliver systems for different content. women - i don't want to stereotype, they'll make an
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event going to a movie, girl's night out. we saw this with sex in the city, and we will see if next year, you know, with a film - god, i'm missing it. >> is this a pixar film? >> no. blockbuster. >> "inside the mind." >> they'll put a girl in it. >> that's right. that will be - that's a pixar film to be centered around a girl. and so that is very interesting. hollywood is recognising that if you are going to draw a huge audience that has a lot of disposable income, you are going to want to get women in the theatre. "50 shades of gray" is the movie i was thinking of. >> that will be huge. everywhere is probably planning their evenings around it and everywhere. >> paul, we'll have to have you back to talk about that. have a great weekend. >> thank you, too. >> next, what do derrick and the barcode have in common.
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so what do you get the man who literally has everything - fame, success, a small fortune, not to mention five world series rings. i'm talking about derrick jooeter, the new york yankee short stop. he turned 40, making it a year of milestones, he's marking his 20th and final year, bringing an end to an historic career. he has $9 million in endorsements, and total earnings are $350 million. where does he go from here? how much money is waiting for him when he hangs up his cleats. let's ask wayne mcdonald, a professor of the business of baseball at new york university. thank you so much for coming. here is a fun one.
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derrick jooeter, fan favourite. it will be a sad day when he leaves. what is his legacy. >> he'll go down as an iconic player, an iconic baseball players of all history, not just for his on the field accomplishments, but what he has done off the field. >> it's a big deal that he's leaving - for him, i imagine, as well, giving up the money that he has in salary. he makes a lot of his endorsements. will he bring in the big bucks when he leaves. >> disappointed on the endorsements. the first one is gatorade because it's about performance. i see life-long relationships with mavado, maybe ford, maybe companies like that, stiper sport with memorabilia. he'll lose some. >> nike, eventually, make not seen as much wearing the stuff. >> look at michael jordan, and he's part of the brand.
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i see him transcending that as well. nike could be a staple. >> jordan when he retired everywhere wondered what would happen to basketball. who do you see jooeter following the path - what is the roadmap? >> my immediate answer is magic johnson. derek jeeter has the entrepreneurial spirit and following in the feet of magic johnson with business ventures that he's capitalising on. >> what does it mean to the yankees, what will happen to the yankees without derek jooeter. >> there'll be a seismic hold, from branding - i think derek was as strong to the yankees as they to him. it's been a mutually efficient relationship.
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you win five world championships with derrick. >> and baseball. >> i think baseball will see a hit. this is an iconic player who is beloved and universally adored around. >> except my team, buster posey, for the giants. we won't talk about them. do you think he'll coach? >> do you think he'll be a pitch map, sit and sign autographs. >> no, there's a burning desire to do things. i think we'll see him become an entrepreneur and become an opener of a franchise at some point in his career. >> what kind of franchise. >> the one i think about, someone like the tampa bay rays. i don't see him going to the yankees, he'll want to be hands on, involved in day-to-day operation, and he won't have that with the yankees and big market franchises.
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and from taxation, the state of florida might not be a bad place to do business in. >> that's not a bad place for a lot of sports personnel. derek jooeter turning 40. thank you for coming in. >> coming up this weekend on "real money," the two booms making their mark on america. we examine census figures showing how the energy and baby boom are shaping the economy. imagine a 3-day weekend every week. we tell you the trend with companies turning thursday into the new friday with a 4-day work week. that's sunday on "real money". okay, what is black and white is red all over - no, not newspapers or sunburnt zebras. i'm talking about barcodes. i know they are not the most exciting form of technology. they deserve a moment of celebrations because they turn 40. they are a great example of how a dull innovation can make a
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huge difference in our lives. today humans scan 5 billion - with a "b" items every day. the first retail barcodes was used in ohio. the first item scanned - a 10 pack of wrigleys juicy fruit gum. the age of scanning was born. not many know how the barcode came to be. the idea of an automotive check-out system was suggested in 1932, in 1952, joseph woodland patented a bulls-eye barcode. in 1970 workers at ibm were tasked with making the bulls eye work. a rectangular shape was chosen to fit code and called the universal product code. upc consisted of 12-13 numbers. the digits and groups have
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meanings about the item, the manufacturer and other ipp to. in the -- info. in the last 40 years it's evolved where it's hard to find an aspect of our commercial lives that doesn't vv one. barcodes are so ubiquitous you can download them for free. smartphones can read them too. try to imagine a world without the barcode. you wouldn't be able to track your mail, hospitals would have a hard time keeping a track of patients, and it now has competition from radio frequencies and other technologies, like chips embedded in credit cards. the barcode is still going strong at 40, and is not going away any time soon. that's the show for today. i'm jen rogerson for ali velshi. have a great weekend and thanks for joining us.
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>> ja iraq's army is preparing to take back tikrit from the i.s.i.l. you're watching al jazeera live from doha. also ahead, four ukranian soldiers killed hours after the government extends a fragile ceasefire agreement with rebels. one of mexico's top vigilantes is under arrest - what it moons for the civilian offensive against the cartel. and how the love of football is costi