Page 41 - Debt Problems News Today

he is charged with trying to rape a maid in an upscale manhattan hotel. >> strauss-kahn is accused of emerging from a bathroom naked, then dragging the 32-year-old housekeeper into the bedroom of his $3,000 a night suite and attacking her. >> before his arrest strauss-kahn was considered a front runner to become frances next president. richard roth is tracking the latest developments. strauss-kahn was supposed to be arraigned last night. why was that delayed? >> this was like a night c...

problems. >> these should be actual cuts. real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes which, in my opinion, will destroy americas jobs, everything is on the table. >> what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i remember when i was little, my dad took me to a ca...

Earners didnt pay taxes is they were big investors in 2008 when the market took a nose dive and theyre going to have many years of losses to write off. they could be self-employed, could be retired, could donate money to charity. what jean has gleaned from some of the tax experts the tax code is written to benefit investments by wealthy people and some people get away without paying taxes. about 69 million american households didnt pay tax in 2010, half of all people, half of all households in t...

Again this week when the government weighs in with its inflation index telling us just how much prices have gone up on everything from food to fuel. we also also get the governments take on aprils retail sales along with earnings from kohls, macys and nordstrom. fridays positive sentiment had faded in the face of europes ongone woes of debt problems. in a battle for global brand domination, apple has unseated google from the four-year reign at the top according to the report out today. however...

And there are concerns the economy continues to struggle and therefore oil demand will go down. we also had issues in europe with greece, rumors that greece wanted to get out of the euro and there were concerns that could affect oil demand as the economy in europe continues to struggle because of their debt problems. so put all that together, we did see a slight drop. right now, its still around $100 a barrel, jenna, although we should be happy that its not what it was back in 2008 when it hit n...

Spending seriously surged. the budget last year was at $700 billion. you have to remember, a lot of that went to fighting the wars in iraq and afghanistan. >> alison, ive got to ask you here. obviously were all happy that bin ladens been captured. we see the big results, that the money has paid off. but can this spending go on with the budget crisis that were dealing with, at those levels? >> you know, with our debt issues, front and center these days, ill tell you what, everything is on the tab...

The same way you look at pork bellies or wheat. you dont think of wheat as an investment. its a commodity. >> gold is in a certain sense a commodity, ali, but its also a currency. when you buy gold, you do get a return when inflation is rising, and certain some of the measures of inflation right now are quite low. if you look at commodity inflation, its gone crazy. what happens when you have high commodity inflation like we do, commodity scarcity, you have to print ever more money, ever more cur...

Same way you look at pork bellies, wheat. you dont think of wheat as an investment. its a commodity. >> what do you think, stephen? >> it is in a certain sense a commodity, but its also a currency. when you buy gold, you do get a return when inflation is rising. if you look at commodity inflation, its gone crazy. what happens when you have high commodity inflation like we do, commodity scarcity, you have to print evermore money, evermore currency. i believe its a race to the bottom with euro, th...

Debt commission but one made a statement to the effect we have a treaty to protect taiwan from china and yet we have to borrow from china to do it. it just shows how bizarre the relationships have gotten because weve become indebted to these countries. >> in a sense china is protecting us from the obama administration. if nobody buys the debt its not sustainable in domestic terms here. it underlines why its absolutely critical not just as a domestic policy matter but or the national security imp...

Its interesting, you know, the country of germany and the united kingdom and also france all last year dealt with their debt problems and so today, they all have triple a ratings. they are not in danger. we are. >> meanwhile, lets take a look at what the american people think about the prospect of raising the debt ceiling once again. only 16% of you said its a good idea. 46% say it is not a good idea. but a large number also says they dont know because a lot of people are saying a lot of things ...