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CNN
Sep 15, 2012 6:30am PDT
the next roman empire? >> you can't talk about jobs without saying the word china. >> the presidential candidates aren't talking much about china. we will. >> announcer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal info to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection, period. ordinary credit monitoring services may take 30 days to alert you. lifelock's 24/7 proactive protection wou
CNN
Aug 4, 2012 6:30am PDT
new manufacturing jobs pales in comparison to the 6 million manufacturing jobs we've lost to china in the last ten years. the thing about manufacturing jobs is that they have the best multiplier for new jobs. if you have one manufacturing job, you get four more in services. so if we lose 6 million manufacturing jobsz to china, that's 24 million jobs that we've lost over the decade and that's the problem here. if you look at the numbers, we have to create 300,000 jobs a month for two years just to drive that unemployment rate from 8% down to 5%. and the silver bullet here really, and what the politicians don't seem to understand, the silver bullet is getting our manufacturing jobs back on shore. apple, boeing, cater pillar, they need to produce here in america and they can't do that as long as our biggest trading partner cheats. and i think we're fooling ourselves here in this country if we think the problem only dates back to 2007. as a practical matter, for the last ten years, we've grown at an annual rate of 1.6% gdp. 5 1/2 decades prior to that, we drew at 3.5% gdp. one point is
HLN
Sep 20, 2009 3:30pm EDT
that leads to that tit-for-tat that reduces living standards in both countries, china and the u.s.. host: do you see other comparisons to hoover? guest: i think the fact that what hoover did when he got into office, he raised tax rates, that is something that barack obama wants to do in 2011, which will have a very negative effect on stocks and the economy. he started to build up government, which led to the new deal after fdr. so i think probably the better comparison is obama is more like jimmy carter, who was trying to move the country way to the left at a time when the country does not want to. i think he has misread his mandate from the american public. guest: i think it's funny, trying to distance himself from presidents who does seem to be rather conservative at heart and quite incremental. yes, jimmy carter, that terrible radical who passed all those socialist policies. this is ridiculous. and as far as all the terrible things hoover did with protectionism, it was overwhelmingly the policy of the united states for decades throughout the 19th century. and under it, we used
CNN
Nov 12, 2011 9:30am EST
million people. look at that. a skyline that is unbelievable. mckinsey, by 2025, china will build the equivalent of up to two chicagos every single year. john in your lectures you tell america to stop whining and start competing. >> yes, you know, christine, the issue is very simple. we have new competitors. we're working really hard, doing a great job and we have a choice. we either complain about them, like we complained about the japanese and say, oh, they shouldn't compete, or we accept the fact that these guys are going to do the best job they can to improve their economy and we have to do the same thing. so i tell my students and people across the country, it's time to stop whining and time to started playing serious ball. >> bringing in the ed ter in chief for multimedia. how do we get opportunity back? how do we do it? >> well, one of the things we have to do and i think americans are doing, is redefining what opportunity means. it used to be, i apply for a job, go to school, apply for a job, get a job and do a good job. it's much broader, less clearly defined. it means fr
HLN
Oct 31, 2009 3:30pm EDT
china and india have been sitting on the sidelines. i was just in china, let me tell you they've tripled their wind goals and targets. they've determined to be the world's leader in electric automobiles. they are now the world's leader in solar production and in battery storage, et cetera, they've moved to put transportation restrictions on their automobiles, more strict than the one that's we have in this country, and they've put them in place faster. and the fact is that they are coming to the negotiating table with an agreement that they will be a constructive and positive force at copenhagen. fifth, the economic opportunities that stare us in the face are enormous. there are millions of jobs, major improvements to every sector of our economy. but i'm telling you, madam chairman, if we hang back, you can tell what's happening. today, of the five top 30 companies of the world in solar, wind, and advanced batteries, only five are based in the united states of america. we invented solar. we invented wind. and we pulled back and we allowed those technologies to be developed and ta
CNN
May 7, 2011 9:30am EDT
other sector. china and india producing hundreds of thousands more engineers than we are. and, so, i think our children are missing out on the fun and excitement of science, engineering and design. >> and, you know, it's that fun and excitement that will be the jobs of the future. the innovators will have the jobs of the future, yet, you're working with the chicago public schools right now to promote stem education and to raise science corpses. nearly 71% failed to meet basic standards. how will you try to raise those standards? >> well, we want to do after-school classes where children can learn to build things that they've designed themselves. the thing is that when you see something and perhaps in everyday life that you doesn't work. you can sit and try to solve the problem and in solving the problem you're using math and physics that you learned with other subjects. the wonderful thing about doing an engineering and design class after school is that you can use what you're learning in school to make something that's relevant and exciting for you. and the most important thing i
CNN
Jan 26, 2013 9:30am EST
selective, offering admission to the country by a points system. usually china sends workers around the world. now they're giving people coming there looking for jobs. they issue a small number of green card equivalents to friends of the communist party but most workers there are in an unregulated environment. i want to bring in the author of "the immigrant exodus," vivek wadhwa, a stanford university law school fellow and research at duke university. we welcome to the program. i want to ask you, can america lead the world with its current immigration rules and quotas? what should immigration reform look like? >> right now we're losing the war. what's happening is that we've brought in hundreds of thousands of really smart people from all over the world to study. we educated them and gave them experience in working for our companies and innovate like we do. now we're telling them, sorry, we don't have enough visas for you. go back home. they're doing that. tens of thousands, hundreds of thousands of people have already gone back who are now starting companies in india, chien wra and bra
CNN
Sep 3, 2011 6:30am PDT
not putting enough pressure on their kids. in china, it's a mirror. 68% of parents think they're putting too much pressure on their kids. call it pressure, call it expectations, steve perry, do we need to get tougher out there? >> i think many of our parents are too easy on our children. in fact, one of the strangest things that i've seen is, we have had parents complain that we give too much homework. that i find to be peculiar because the expectation is that the children will, in fact, go home and practice that which they've learned in a school. >> all right. elsie, parents have leverage, pressure expectations, they have leverage here. they have the money and annual survey by fidelity investments say two-thirds of american parents say they're only going to pay for their kids college education if they maintain a "b" average. i know a "b" average isn't good enough for elsie granderson in his house. we coined the phrase tiger dad to talk about him because he made his kid get out of basketball for getting a "b." should parents be using the money as leverage? >> no. they should be u
CNN
May 14, 2011 6:30am PDT
"saturday night live." >> while simultaneously in china, over a billion kids were doing math. >> ouch. but true, l.z. granderson wrote an opinion piece this weekend. kids may should go to school year round in part because we're trying to compete with the rest of the world where they're pretty serious about education. hi, l.z. what prompted you to write this piece? >> oh, man, saturd"saturday nig live" skit is a good place. it really started with my own frustrations as a parent. i have taken my son to four different schools in about two years desperately trying to get him into a school that's going to push him and have him ready to complete with the rest of the world and this is both public as well as private schools and i finally found somewhere and i'm lucky because i have the resources and the ability to do that, but everyone in this country doesn't and that really concerns me. >> in united states on average, you go to school 180 days and we're going to show you in the back where that is with other industrialized countries. you think if there was a longer school year, that would help. bu
CNN
Mar 24, 2012 6:30am PDT
behind. you are no tiger dad. you are no tiger dad. telling you now. >> in china he would be doing it for now by sure. >> my 18-month-old invented his own language. none of us can understand him but i know he invented him and is very smart. i want to switch gears here. you're a mother, an attorney, and there is a story that is really an american heart break this week. on february 26th an unarmed black 17-year-old kid named trayvon martin was shot and killed by a man named george zimmerman. a man carrying a gun and conducting rounds on a neighborhood watch in florida. this tragedy is stirring strang emotions within communities and social media of course. the investigation is still ongoing and so is the emotional debate around dinner tables around the country. i want to ask you, what is the dinner table conversation that you're having? not the legal conversation. the dinner table conversation you're having about the trayvon story. >> you know, it's a conversation, unfortunately, that i have to have as the mother of a young boy, a child of color. and that is you can be perceived as being sus
CNN
Sep 1, 2012 9:30am EDT
debt has been purchased by china and japan because they have positive trade balances. we are living on borrowed time. our biggest problem is not what's on the balance sheet, it's what's off the balance sheet. unfunded pensions, retiree health care, underfunded social security, medicare promises. that's the problem. they are not deficits and debts today but they will be tomorrow. >> two clocks on the stage, want to circle it back around. two clocks on the stage at the rnc. yet governor romney really focusing in his big speech about creating 12 million jobs in four years. can he cut debt like the way he says he wants to and the party wants to and create so many jobs at the same time? i'm hearing so much more about debt -- debt and jobs at the same time and i'm wondering if one is at cross purposes with the other. >> we'll see. these concepts, i think we can all agree on. we'd like to have a lower deficit. we can use this money for more productive uses. we'll see if the promises prescription can work. then you look at the details which are so difficult. this congress can not even refor
CNN
Oct 27, 2012 6:30am PDT
few hours, we'll up up on "your money." nice to see you, ali. >>> up next, china, a dominant topic at this week's presidential debate. we'll tell you whether china is more threat or opportunity. but first, there are more than 1.3 billion people in china. that makes up what percentage of the world's population? is it a, 9%, b, 19%, c, 29%, no googling. i'm going to tell you on the other side of the break. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. >>> 19% of the world's population lives in china. it's the biggest foreign holder of u.s. debt, dominated the conversation at the week's presidential debate on foreign policy. both candidates had a lot to say on china on the campaign trail. cnn's tom foreman fact checks their claims. >> we're going to insist china plays by the same rules as everybody else. >> in part by holding down artificially the valu
CNN
Nov 24, 2012 6:30am PST
"death by china the "and john doggett is a professor at the university of texas at austin. professors, thanks for joining me. let's get to school. let's get to the lightning round. 25 seconds or less. what is your number one way right now to grow middle class jobs? peter morici, you get to start. >> develop more domestic oil and gas and address the trade balance with china. together if we did those things we'd create 5 million jobs. both areas require skilled workered, pay high wages and use domestic materials and as a consequence we could easily grow the economy. 10 million jobs. grow at 4% to 6% a year for the next three years. professorial, definitely 50 seconds. john, what about you? >> we need to build big and heavy things that are hard to ship and expensive to ship. there's a company calledenergex in michigan building wind turbine blades with composites doing a good job. big heavy things will hire a lot of americans. >> peter navarro, your turn? >> let's start this week. instead black friday, let's have red, white and blue friday, stop buying made in china stuff, tell our friend
CNN
Sep 29, 2012 9:30am EDT
. author of "death by china," peter, you call this a triple zero economy. the past ten years, zero jobs growth, zero wage growth, zero stock returns. which part of that equation is the most crippling? >> i think all of them. if you think about the middle class, where they need jobs, they need wage growth. we've seen average meaning household income actually go nowhere and importantly in their 401(k)s have become 201 ks, they need robust stock returns. if we're going to get wage growth and jobs growth clearly we have to do, as the guest said, we have to restore the manufacturing base. one good news i have in this triple zero economy, i think going forward the next decade for stock returns will be a lot better than the last decade. the reason is simple and somewhat troubling. first of all, if you think about the stock market here in america, it's physically located here but increasingly, its returns are located elsewhere. >> sorry to interrupt you. the very thing that's been a trend many would say hurtful for american workers is the thing that can help american investors because these are
CNN
Feb 23, 2013 6:30am PST
pinpointed a specific building in shanghai, china where they say hundreds of hacking operations took place to target computer networks at large companies, government agencies here in the u.s. and other countries around the world. and the report says the operations from that building, backed by the chinese military. when a cnn news crew drove by to investigate, security officials gave chase. >> keep driving. drive away. drive away. drive away. >> drive away! >> later confiscating some of the tape in their possession. officials in china strongly denying any of these claims. i will be very clear, the chinese always deny claims of hacking, cyber espionage, any kinds of military espionage. what's more, they accuse the u.s. of hacking into hundreds of computer networks in china. experts here in the u.s. have a tough time putting a number on how much damages are caused by these as much as $100 billion or more. intellectual property one of the most serious losses. industrial secrets that may have taken decades to assemble here are stolen within days by advanced hacking networks said to be emanatin
CNN
Jun 16, 2012 6:30am PDT
you won't keep it! i've got witnesses! >> china the answer here? i mean, china's slowing as well. >> china's been trying to slow its economy for three years, rightly so. they got overheated, they had a property bubble. they need to slow down inflation, they need to slow down. china cannot say they've done a great job. the american and european economies together are ten times as big as china. >> right. >> ten times. so even if china booms, if the rest of us have problems, china cannot save us. >> a lot of people think we're looking back on a chapter that will be written in the history where the 19th century belonged to new england, the 20th began to the united states and the 21st belongs to china and the rising nations. do you think so? >> i have sold my house in new york, i have moved to asia and my girls speak perfect mandarin. what more can i tell you? i'm preparing them for the 21st century by knowing asia and by speaking perfect mandarin. >> so, is china the new land of opportunity or can you still get rich in america? i asked jim rogers that question and i'll have his answe
CNN
Oct 13, 2012 6:30am PDT
china film, and they talked about how they tried to start a couple of green energy companies in pittsburgh, but they were totally crushed by china's totally unfair trade practices, so it is virtually impossible forrer the green industries here in the country to given the weight of the subsidies of china to run that. the idea of this whole notion of innovation and robots taking over, that is not the problem, bob. the counter factual there is germany. germany has 25% of the men and women in the workforce working in manufacturing and the highest level of automation that you can have. we have 9%. we have to figure out a way to start produce more thanwe consume, and when we do that, we will get the wages and the income to create te d mahe dema are talking about. it is insane for the government to spend more in an economy that does not have the engine to create the jobs, because it has gone offshore. >> you have different views to spin. you want tax reform and trade reform. peter navarro, i hope they are talking about such things in washington and not just talking about getting re-ele
CNN
Nov 10, 2012 9:30am EST
? >> changes that were taking place in china. >> some emerging markets like china. >> china needs the united states. >> mostly by keeping its currency low, china can sell products for less than they're worth, making it hard for american companies to compete. that means fewer jobs and lower wages here in the u.s. we need a smart trade policy that protects american workers without hurting american businesses. america needs a 21st century workforce. that comes through education. to keep our place at the top, we need science, engineering and math skills taught earlier and with more efficiency. these four things, the fiscal cliff, jobs, china, education, they could define president obama's legacy and maybe immigration reform too. let's start at the top of that list. the most pressing issue, the fiscal cliff. you've seen the big picture, potentially the larges tax increase in history. here's what you will feel. your household tax bill will increase by $3500 on average. that's according to the nonpartisan tax policy center. $55 billion would be cut from defense spending. that will likely mean job c
CNN
Mar 19, 2011 9:30am EDT
compete long-term with china, this is where china is headed. this is where france is in terms of the base load of their electricity coming from nuclear power. >> and that's what the proponents say. china's already doing this, india's already doing this. heck, france is well ahead of us in this endeavor. and so, you know, we can't drill our way out of this mess is what the proponents of nuclear power say about all this. but having said that, they're going to have a lot of, you know, a lot of convincing to do after this accident. no question about it, christine. >> tyson, thank you so much. and our very own jim acosta, thanks, gentlemen, for illuminating this discussion. have a great weekend, guys. >>> the debate over nuclear energy isn't just political or academic, your house could very well be powered by nuclear. in just a bit, we're going to take look at what powers your house and your family every single day. but now, let's talk about radiation. the threat of radiation exposure in japan causing concern right here in the u.s. you might not know it, but you're actually exposed to some sor
CNN
Dec 10, 2011 6:30am PST
even importing students, i'm not kidding, importing students from china who's parents are willing to get an american, rural education. how important is class size? lany handson joins us and justin snyder is also an advising dean at columbia university. we saw a classroom with one student. this is an extreme example of undercrowding, quite frankly. this is rare. my colleague recently visited a new york high school right there that was built for 1400 students and has 3900 students. they're putting kids in the attic in the basement. that's what you're seeing in the big cities. you get away from the rural schools, that's what you're seeing. do the big class sizes hurt education? >> they absolutely hurt the kids in those schools. even the best schools, for example, the one that you talked about yesterday only 37% of the high school graduates are college ready when they graduate. and that means they have to take remedial courses and often don't get through college because they're not accumulating credits along the way. for younger kids, the costs are even much more damaging. and economists
CNN
Jul 14, 2012 9:30am EDT
something about the terrible trade deficit with china. but then when he became president, he really walked away from those positions because of his political base, his supporters and so forth. now we're seeing the same thing in mr. romney. candidate romney running for the nomination five months ago was tough on china, big on producing energy. since that time he's imported a lot of bush advisors. and frankly this is becoming like mastercard and visa. i can't tell one from the other. >> and that's a very interesting analogy. peter morici, thank you so much. have a good weekend. >> take care. >>> coming up, in the era of outsourcing, is it possible to preserve the american middle class? we'll meet the man who has the solution. and it starts with paying you more. a party? [ music plays, record skips ] hi, i'm new ensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams of protein. twist my lid. that's three times more than me! twenty-one vitamins and minerals and zero fat! hmmm. you'll bring a lot to the party. [ all ]
CNN
Apr 6, 2013 6:30am PDT
number out, which was week. north korea talking about nuclear attacks. china, with people dying of h1n1. just a few, but that scares people. even made it into hong kong. when a market is this high you worry about what happens. the market opened and sold off. almost within moments you saw people who thought this was a high market buying in, because they had opportunity, and they got in. you always have to think in a high market like this, what are good opportunities? what would you buy if you weren't in the market? would you hold on to a stock? the trick, as you and i have discussed isn't finding the good buys. that, anybody can do. when do you sell when a market is doing what it's doing? >> lots of rules. 25% after you have had a 25% gain. some people say after their investment has doubled they take out their original principle and keep it going. when you have so many people talking about profit taking, my concern is the little guy is getting it in the end and the big guy is getting out. >> if your money had gone in at -- in october of 2007, when things were feeling good and you in
CNN
Oct 1, 2011 9:30am EDT
china, hong kong, korea. there is a passion for education and parents pour their soles into getting their kids better educations. they've seen the returns. partly because they built up the human capital. it breaks my heart in this country to see it declining relative to those countries in terms of education. >> fantastic discussion. let's do it again. nice to see you all. >>> have you ever heard had a guy named sal kahn? an mba and two degrees and in math and chemistry and theoretical physics. want a free tutor? he's your man. he's here next. king psyllium fir won't make you a model but you should feel a little more super. metamucil. down with cholesterol. this is t kind ruck that has it all. ♪ gue thameans youan dit all. it's thevseason of doing now combine the all-star editn discount with oer offers for a tal value of $6,000. or quifieduys can get 0% apr for 60 mont plus $1,000 llan ll sileradmols. get to your evy aler and ghat truck today >>> so a school district in stillwater, minnesota is flipping the day. homework happens at school under the close eye of teachers an the lech
CNN
Jan 19, 2013 9:30am EST
on china when it comes to debt and start leading on entitlement reform? like clinton did on health reform. he has always talked a good game. can he really lead on this issue and leave us in a fundamentally more sound fiscal foot when he leaves office? >> american middle class term two versus term one? >> i don't know that it will be much different. when you look at the forecasts, whether democratic or republican analysts, they're talking continuation of 150,000 jobs a month. that's if nothing goes wrong. the slightest little hiccup could throw this economy off balance and put us in a recession. while mr. obama might not necessarily be to blame, it would happen. we simply have to grow better. the style of leadership has changed and improved but where are the proposals to really get stuff done and get the economy jump-started ? i'm waiting to see that. >> peter morissey, annie, john, don't any of you move. we'll lay out the challenge, b jobs part of that challenge. getting people back to work. a quiz for you at home, how many jobs have been created since this president took office? a
HLN
Oct 10, 2009 3:30pm EDT
there with a coalition task force. the e.u. is in there. we even have china, russia and iran periodically in the waters south of yemen and then also off the coast of somalia. plus we've discovered that a key element in this is the so-called mother ships. these are pirated ships, they leave the crew on them, and they use them to ferry small skiffs like this as much as 500 nautical miles off somalia where they can get unsuspecting cargo ships as they go by. we've worked hard with the maritime companies. the u.s. coast guard has issued directions to those that still fly an u.s. flag. in all occasions there's been guidance given to them. there has been guidance given to them. some of it is pretty simple. the three simplest steps have made a considerable difference. the first one is, if a private approaches your ship, speed up. -- it's a pirate -- if a pirate approaches your ship, speed up. [laughter] the next is to take evasive action. the third one, believe it or not, is take of the latter -- ladder. [laughter] it is not quite as easily as in a little speed boat, because they ar
CNN
Sep 24, 2011 9:30am EDT
labor than say china, asia, latin american countries. we're going to have to bring something different to the equation. that's our intellect, our freedom, the ideas, creativeness of america. that starts at education. so one of the things that we need to do all of us do, is we need to emphasize education and help pay for it. >> done peck, that's the problem, paying for it. middle class families have saved all this money and now going to pay full price for tuition. it doesn't feel fair when tuition keeps going up, up, up, when you know, income isn't going up. you don't have a house you can tap into to pay for tuition. is that a bubble bound to burst? >> i think to some extent it is. that's unfortunate. you mentioned housing. and housing has been critical to college attendance, especially for working class families, lower middle class families. they've historically used home equity to fund college. that's a hard decision for them. and now it's a decision that's out of their hands because of the housing bust. they don't have the bank accounts that they used to. a lot of lower mid
CNN
Jun 23, 2012 6:30am PDT
the perfect time to check in on your portfolio. the debt crisis in europe, slowing growth in china, gridlock in washington, a fiscal cliff looming. enough to make the markets jittery, but karin stone is calm. >> i watch it go up, i watch it go down, i'm pretty aggressive. yeah, at this point i don't have any need to take the money out. >> she's a 29-year-old real tore. she's hired financial planner stacy francis to help her look long term. >> we're halfway about through 201. it's been a volatile year so far, sell me a woman about karin stone, what could her asset allocation and risk tolerance -- >> it did start take your age minus from 100, we would expect her to have about 61 percent stocks. it could be on growth-oriented stocks and value, mostly in the equities area, but she also needs fixed income as she nears retirement. >> let's think about it as a midyear portfolio checkup, if you will? >> we go to our doctors once a year for a major checkup. guess what? your portfolio at least one a years, you want to shift it back to the ideal allocation. over time stocks may grow faster th
CNN
Jan 12, 2013 6:30am PST
play nixon in china on the issue of debt and specifically on entitlement reform. he has to take on activist groups in his own base to get something done in the national interest. likewise, republicans need to reconnect the idea of fiscal conservatism with fiscal responsibility again. they've totally forgotten that revenues are any part of the equation. it's disingenuous and doesn't work as maths. >> can we talk about mission in i talked about where is the discussion on education reform, the discussion about global competition, where's the real discussion about energy and our energy future? instead it's budget wars. you will hear from some people, maya, whoill say, look, the budget wars embody our big visions and how they aren't unified. are we sacrificing sort of our direction and our standing in the world? maybe this sounds overly dramatic. are we sacrificing that by focusing -- not even operating with a budget? >> right. it does feel like an incredibly important moment and not dramatic to put it that way. when you think about what we need to do, what we should be doing is thinkin
HLN
Aug 8, 2009 3:30pm EDT
back as the recession ebs a little bit and demand comes back and china starts buying more cars. >> it's all pressure for higher prices. >> exact linch-actlexactly. >> under the program newly purchased cars have to have an efficiency of 22 mpg. >> as a minimum. >> not that impressive. >> we were asking for much higher. we wanted a minimum of 25% above cafe. that is 33 miles per gallon. there was a compromise in congress. of course you've got to compromise. you have a lot of people there fighting for u.s. automakers. we were fighting for higher efficiency and the u.s. auto makers. here's the good news. consumers are voting with their wheels for higher efficiency. on average they are trading in cars 60% now higher than the ones they brought in. >> if one of the goals is to get americans to buy american cars it's not working. you look at the list of cars in terms of popularity. >> sure. actually it is working in several respect. first 45% of the cars being bought are from the detroit big three. second, most of the toyotas and hondas being bought are made in america by u.s. auto wor
CNN
Nov 17, 2012 6:30am PST
cliff. sure, there are concerns about europe, sloping growth in china, new tensions in the middle east, all of these things wrapped up together, but what some investors fear the most, rising taxes on their investment. take a look at what's driving that fear. here is what happens to most filers if we go off that dreaded fiscal cliff. capital gains taxes rise from 15% to 20% and dividends, pay the highest rate and the estate tax rises from 35% to 55%. the non-partisan congressional budget office says going off the cliff will put the u.s. economy right back into a recession and as a matter of fact investors are preparing for a potential drop in stock prices and more volatility. can you avoid any major losses if you get smart about your investments, and now is the time to protect yourself and really understand what you're doing in your portfolio. our guests both say don't panic. matt, a lot of people rely on the dividend yield, that safe dividend yield that they are getting. getting nothing in a binge account, nothing from cds. a lot of older people who have a lot of rich dividend-paying s
CNN
Sep 8, 2012 9:30am EDT
-point plan. i'm not quite sure. what is the risk to americans if china's booming economy comes back down to earth with a crash, mr. president? oh, and our biggest customer, the our joe zone, falls deeper into recession. neither man can stop it, but why are they ignoring it? oh yeah, and the fiscal cliff and almost certain recession next year, but what are you hearing about that? until now, it's been attack ads, campaign music, fuzzy math. let's close the d
CNN
Feb 5, 2011 9:30am EST
? >> those are gone. they're in china and vietnam, thailand. that's gone. what we want to focus on is creating good jobs that require some skills and helping workers get the skills. you said you nover know what the future will hold. give people a good, solid base of general skills. if the wind blows a little differently, you help them retrain or retool a little bit to fit whatever's out there. >> career academy. an idea, you think of some places around the country there are career pathway programs and things that are working. >> right. career academies in high schools, schools with broader schools training in the i.t. secretary eer or the financial sector. evidence is trostrong for stude do well there coming out. in other places developing what you called career pathways. usually involving some community college, some work experience, and there again it's making sure that whatever the skill level people have, it's matched to jobs that actually exist and the training they get in the meantime. >> where are all the jobs going, the name the book. a question we're all asking and trying to
CNN
Aug 25, 2012 9:30am EDT
, romney can say look, i'm going to take on foreign competition, get tougher with china, as he proposed, more importantly, i'll get the capital off the sidelines and create an environment of certainty where businesses can invest again in america, and that's the argument he really needs to make more aggressively. but if it becomes a question of who can empathize more with the middle class, romney's got a gap there. you see that in all of the personality distinctions between romney and obama. >> right. >> where obama seems that he understands the problems of people like you. and again, part of the burden is actually the legacy of the bush administration, the fact that it wasn't just the housing crisis, but the middle class folks started getting squeezed when a greater percentage of their paycheck was coming out during the supposed bush glory years. >> and that's congress, too. >> absolutely. >> congress has passed laws and policies for years now with a very short-term -- i mean, they're short-termists, they really, really are. and i feel like people get it now, people get it, that it's be
CNN
Apr 9, 2011 9:30am EDT
, very highly in china. this idea of tiger moms has something to it. kids work very hard, families push them very hard. but having said that, a lot of the headlines out of the last round of tests came out of shanghai which was participating for the first time in these international tests. they came out number one, head and shoulders above everybody else. shanghai is not china. shanghai is a town, it brings people from all over the country, the beneficiary of lots of government spending, there's whole other parts of china much more recall rural, less educated and haven't been tested. we don't know how the rest of the country would do and when you look at the u.s. figures, those are for a national cross-section of the entire country. >> another conventional wisdom, the u.s. no longer attracts the best and the brightest. you say that's just wrong. >> true. and again, it comes back to this zero sum game idea. it's true our market share of foreign students has gone down from 24% to 19% in the last ten years. however, we have 150,000 more foreign students. and the reason is, there's so m
CNN
Jan 22, 2011 9:30am EST
swift rise of china, the loss of jobs and competition for oil means higher gas prices for you. why china matters. >> i do think it's going to define the 21st century, not just this generation. much of the 21st century. >> the big culture has nothing to do with president hu. it's the tiger mom. the chinese-american mother who sparked a national conversation, an outrage about how americans parent. the question no one wants to ask is are we falling behind and is it striking a chord too close at home? jeff gardere and pete. you got into a fight with your wife about this. >> i did. i was outraged. >> what part in particular? >> when she called her daughter garbage. some of the discipline. that bothered me. i have a 6-year-old and a 3-year-old. that bothered me. it sparks a real argument between my first generation american wife who is italian-america and myself. i thought it was wrong. she said, you know -- here is the thing. without getting too specific. this is the most important article and issue, i think, in parenting in america in a long time because it sparks the discussion we are
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