Embarassment. There is a lesson in all this, come on. From big blonder to outright lying. In surprising admission, officials at George Washington university saying the school didnt specifically admit students that needed Financial Aid, all to use the money from full fare students to build a super dorm, a super dorm isnt that their right though . We have a money talking panel all fired up ready to go. Who made money today. They have suffered more than a few night theirs but theyre living the dream today. Nightmares. Watch to find out who it is even whether they say it is not it is always about money. Melissa drill, baby, drill. Saudi arabia as the worlds top oil and natural gas producer. But alaska, not exactly celebrating. Fox newss dan springer is in anchorage to explain why. Dan, why is Oil Production failing in alaska . It is booming everywhere else . Yeah, thats right right. That is a real source of frustration around here. Part of it is nature. They have been at thatting oil along the northern slope of alaska since the 1970s. Very easy to get, light crude oil, most of that already has been gotten but there is still billions more oil up here. It is just a matter trying to get to it. Alaskans are in full panic mode as we watch the lower 48 production boom at a time when they are in a long steady decline. Theyre the fourth largest oil producer. They slipped hyped texas, north dakota and california. Production peaked in 1988 at 2. 1 Million Barrels a day. Now it is down to 526,000 barrels a day. Republicans in the state put most of the blame on alaskas high production tax. When prices are high on oil like they have been last couple years the companys tax rate is 75 , much higher than in other oilproducing states. So the republican governor, sean parnell, pushed through a huge taxcut package that will cost the state around 500 million a year in hopes it will lead to more development. This tax change will drive billions more in investment, create more opportunities, for our citizens and for america too. Yes, but critics call it a pure giveaway to the Oil Companies that are still making billions of dollar a year here in alaska. Alaska has no income tax. It has no sales tax. It gets about 85 of the its general fund from oil revenue, paying for everything from roads to schools, to public safety. A Citizens Group quickly gathered enough signatures to put a referendum on the tax cut on next years ballot. Keeping a fair oil tax on the books was part of building a strong alaska. The concern with sb21 it was to more oil Company Investment in the state. So its a big gamble that theyre doing here. 500 million a year is a big hit. Of how important is the oil money, oil revenue to this state . Well the legislature has been spending money like drunken sailors last five or six years with the high oil prices. They have been able to put 5 billion a way in a reserve fund. On top of the 45 billion Permanent Fund which is directly funneled and funded by Oil Companies. That allowed to the state to pay each alaskan, oh, 900 a year in the way of a check from the Permanent Fund. A lot of money at stake here, oil, very, very important to the states economy. Melissa no question. Dan, thank you so much. 25yearold man in new york arrested for trying to join al qaeda. This is amazing part. It was easier to join al qaeda using their website than it was to sign up for obamacare. Melissa almost too easy. Nervous executives flocking to the white house, a crisisfixer enlisted to clean up an epic mess. Nfl team taking taxpayer money to push the president s agenda . Plot points from episode of scandal . No the latest effort for the white house to go fullon damage control in the obamacare rollout. Things are desperate for a coloradobased group to release this ad. Lack of Health Insurance to doing a keg stand. Kick stand. Are we ready for obamacare . Bruce turkel is back, our marketing guru. Wow, hard to know where to start with all things. We say broama kiar. In the ad they do the keg stand, got insurance, broinsurance. In theory trying to make it cool to get insurance although im not sure any of these three guys what is the point of this ad . Is it working . Youre the marketing guru and i am befuddled by this. This private Insurance Companies say there are opportunities, you cant count on being young, being healthy, drinking a lot of beer as your health care plan. Looks to me like theyre trying to go after the invincibles that the government is saying they need in order to big a significant and robust insurance critical mass. Melissa it is Colorado Consumer Health initiative in progress now, colorado education have joined together to put this ad out. Is it effective . And is this, you know whether or not the Obama Administration paid for this ad directly or indirectly, does it make sense to be promoting this to younger people right now when you cant even get on the website and sign up anyway . No. And that is the biggest problem. When youre creating any kind of marketing, you cast where the fish are swimming. If youre going after young consumers, speak to young consumers in a language they understand. Stupid pun about broama, people doing handstands on kegs that doesnt ring true to anybody. The distribution vehicle, now in this case, 800 numbers will not work with the audience theyre looking at. This audience lives their entire life online, on mobile. Theyre used to instant gratification. They are not going to wait while the system gets up and running. It will not work. Melissa in your bestcase scenario youre trying to send them to a website which by the way doesnt work out there. There are reports that the Baltimore Ravens accepted 130,000 in taxpayer money to go out to promote obamacare. What kind of message does this send when, once again you have a website not up and working. There are Serious Problems but out paying proathletes who dont need money with taxpayer dollars to go out and you know, peddle this were confuseing a couple different issues here. Melissa okay. First of all we have to separate from a marketing point of view the distribution vehicle which is the website, from the product itself, which is the insurance plan. Melissa why do we have to separate that . Because the president would like us to separate it but if youre somebody out there trying to get the insurance, you cant separate it from the website . As far as what works and what doesnt work. What we know is that the distribution vehicle does not work. So these other vehicles were talking about, advertising, or doing tieins with Football Players whoever, that is completely different part that is the markets message. The problem you pointed out and youre absolutely correct, if the marketing message gets people to want to pursue the product and the distribution vehicle, the website does not work, you have a big, big problem. If ultimately the product does work or doesnt work, we dont even know yet because you cant get to it. So that is really where the marketing dollars are not making sense. Youre sending people to something that will make them a bad experience. You know the old saying you can never get a Second Chance at a first impression. So people show up. It doesnt work. Theyre not rushing back. I dont care why they came. Melissa were a show about money. Were looking at this from a business perspective. Youre our marketing guru. Putting Crisis Management hat on, Health Care Executives going to the white house to have a crisis meeting. The top Health Care Executives arrive at the white house. The meeting wasnt scheduled with the president. It is not on his agenda. How much does that achieve and then, what does it look like . I mean those are sort of two separate questions. What are your thoughts about that . Look at strategy what theyre doing. Look as president ceo of this large organization. Ceo came out and said this is not working. Nobody is more angry than i am. He did exactly what he should have done at that point, which was show that the top is concerned and that the top guy is going to make sure that it happens. Now truth be told, he has to step out of the picture because he cant fix it. He can yell and scream. Point fingers, demand that it gets fixed. Time for the professionals, programmers and other people involved to get it fixed. He doesnt want to sully his personal brand with the day in, day out. That might not be leadership technique but branding and marketing technique. He need to separate t step aside. Melissa bruce, always great. Thank you, melissa. Melissa next on money, gw would offer up a degree, in lying. Officials caught up in Financial Aid scandal but is it really so wrong . It is our money talker today. Lots of controversy. Three stars of real estate reality show Million Dollar listing are back. They brought the best ways to make a buck in the business, more money coming up. Americans take care of business. They always have. They always will. Thats why you take charge of your future. Your retirement. Ameriprise advisors can help you like theyve helped millions of others. Listening, planning, working one on one. To help you retire your way. With confidence. Thats what Ameriprise Financial does. Thats what they can do with you. Ameriprise financial. More within reach. More than a new interior lighting system. It is more than a hot stone massage. 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Fox businesss Charles Payne and david asman. I will throw it out there, are you shocked by this. Im not shocked at all. Melissa they lied that they are making Business Decisions based on money is not surprising. What is surprising saying they are not doing it when clearly they were. Liberal elites do it all the time. Theyre as money conscious as any capitalist but dont want to admit it. That is the whole thing with me. Theyre hypocrites. We see it on wall street and permeates university. We care, we want to help. No you dont. In fact here is the irony according to the piece. They give breaks to rich kids. So what youre talking about is, with the federal government pumping out all the college loans, deep back though the regular tax paying public is subsidizing rich kids to go to George Washington university while they say we want to help you. People buying fiskar cars too and such. Melissa totally different subject. Dont want to get you off base. When were talking, the whole point of Financial Aid, this goes back to the idea this is one way to level the playing field. Operative word, aid. Melissa wait. We want people out there working hard. We want them to have education and go out and support themselves and not earn minimum wage. You say get the skills. Thats why Financial Aid is out there. There is nothing wrong with charging for services. Somehow everything is becoming enlightment. This is not entitlement. But that is what theyre employing. Well only only educate the wealthy. Well only educate those who earn this much money. Well give everybody an opportunity. That is why we Financial Aid. Melissa comes down to buying degree though. If you look who can pay for it who cant, you pay for it, you can come buy the degree, if you cant, no. It is more than that. Listen, other kids who dont have wherewithal, may have access to loans and whatever, what it comes down to, david, in addition to the money part the elitism part. Theres a serious elitism aspect to this story. Melissa what is it . These colleges are fighting over smartest kids who typically come from families where they had tutors. They come from rich families and fighting for them and offering rich kids the biggest discount. Melissa you know why . Want to know why . Melissa rich kids or smart ones . Rich ones because they have the greatest chance of giving money back to the school after they graduate. Where does the school, any school get most of their money from . Contributions from alumni. Melissa theyre supposed to be nonprofit institutions. Please, please. Melissa for better good. Look how big the endowment is. Were talking schools with endowments of 10 of billions of dollars. Harvards bigger than gw. 4 billion. Huge. The question what are they using money for . Using it to provide free scholarships . No. Beautiful campuses but paying professors Melissa Sports teams. Paying professors like Elizabeth Warren 300,000 dal for teaching one course. Melissa theyre using 130 million to build a super dorm. New facility on campus. If super dorm is really super this is how you attract more students and more dollars. Theyre out for profit. The problem they were lifing about it for so long and misleading people. If you say you need Financial Aid, we will give you the same treatment as if you didnt. Were not looking at that. Dont worry about it. Now kids who wrote, yeah i might need help feel betrayed. Maybe you said no, i dont need help and quietly gotten loans or borrowed from family or gotten money from somewhere else. Or you might have went out for, thinking George Washington they have got this program and i might get in and you wait and wait and wait. That is important because people are submitting these applications with very expensive fees. 2, 300 per applicant. If they knew that they might be wait listed by saying they needed Financial Aid they might not pay the application fee. Melissa other side of this story as well, and that is about the high price of education and is it even worth it . There is room for a school to come in at a discount and swoop up a lot of students. They have been doing it by the way. They have been doing it. First things. Did you see apollo group, forprofit, number one percentage gainer in the stock market today, up huge. I think people are saying. David you know what is it a good buy . I think might be. Here the thing, obama at Administration Rather get degree from Phoenix Online and not be in complete debt. Dont get off number one yet, i paid 60,000 a year for my daughter at boston college, hugely expensive. If she get as degree in psychology do you think she will get compensation for that . I dont think so. Melissa top 10 years out there still only working for minimum wage, gone up 75 in the past 10 years. Number of College Grads out there working for minimum wage. After paying 60 grand a year. I went to boston college. I will promote boston college. That is welldeserved degree. Not always. Before we have everyone dropping out yesterday came out the jobs number. People with College Degrees less than 3 . Less than high school, up 12 . Distinct difference. Melissa there is difference . I think so. Melissa choose wisely. Colleges stop lying. Stop lying. Melissa thank you. Very Spirited Group there. Coming up on money, the boys are back. Thats right, were getting into the business of real estate with those in the know. Stars of bravos mill dollar listing. Surprise, john stossel is fed up. He is not happy fellow americans dont know what the fed is and hitting the streets to prove it. More money straight ahead. The what . The fed. I dont know. Its as simple as this. At bny mellon, our business is investments. Managing them, moving them, making them work. We oversee 20 of the worlds financial assets. And that gives us scale and insight no one else has. Investment management combined with investment servicing. Bringing the power of investments to peoples lives. Invested in the world. Bny mellon. Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. You felt it was okay to take my client from my open house and start showing him properties . Uhhuh. I took him back. Theres a difference. You got him. He tried to get ahold of me. Get his phone number. Dont work with flag. Work with me. I never said dont work with flag. How is that fair . Im a realtor, flag, if i give away every listing, please, competitive world. No one can get ahold of you because youre on permanent vacation. You havent worked a day in your life. Im up here looking for a view. Melissa they didnt kill each other. Theyre here with me. Pressure is on, boys are back. Stake