Transcripts For FBC The Willis Report 20140315 : vimarsana.c

FBC The Willis Report March 15, 2014

Gerri can a damning new report pushing General Motors even deeper into controversy a Watchdog Group now linking at least 300 deaths to the recalled cars specifically because airbags didnt deploy in the crashes. Joining me with the latest is the executive director at automobile nag seen. It is magazine. It is great to have you here, todd. Thanks for bringing your expertise. A new report as we just said today, they say, not true, 12 deaths in 31 accidents. It is more like 303. Issues with these, these airbag deployments. What do you make of this new report . Well i think the report is going to open up, has opened up this issue a lot further and i think the number is still kind of unknown because the report issued, lists 13 examples of deaths and it lists, it shows that those cars did not deploy their airbags but doesnt say whether the ignition was still on or not when the airbag deployed. So we dont know, we dont have a direct connection between the ignition key problem and the airbag problem. Gerri now, the center for auto safety that released these numbers said their numbers come from nhtsa. It is Government Data they manipulated. They hired someone to put this together for them. Looking at all kinds of Government Data not just from nhtsa. Is it faulty . No, i dont think it is faulty. I think it is incomplete. I think the data showed you have a number of accidents occurred when airbags didnt go off, that is, fatalities. Fatalities are very emotional thing and tough to deal with. Which dont know or at least from i saw from the center of automotive safety whether those airbag problems were related to the ignition key problem. Gerri but of course these are the makes and models that weve been talking about all along. The cobalts, the ions, on and on. These two makes and models in particular are the ones were talking about. Gm is saying that this information isnt relative that is to the issue of is anything switch. As knowledgeable observers know that tracks raw data, some information that went into this data without rigorous analysis it is pure speculation to attempt to draw any meaningful conclusions. They say throw this report out, it is meaningless. Nhtsa has issued a special order do in april that General Motors must respond to these, some of these issues and provide more information. I think until we get more information, we cant be sure how many of those deaths might be related to the ignition key problems. Certainly there were some deaths related to that that was already released, number Something Like 13. And those were, the two most popular cars sold with that ignition key through General Motors. There were also cars built afterward. I dont understand why gm didnt change the standard on that key, on the ignition. Gerri it would have been cheap to do so. The thing is made by delphi. Could replace it for 2 to 5. Right. Gerri instead they continued making the car making it with the same switch the same parts over and over again despite collecting all kinds of complaints from consumers. I want you to respond here, we talked about what gm said. Here is what ralph nader said. He is at the center for auto safety. He cofounded it. He said the culture of timidity led by backing by the Bush White House and some similar extent by the obama white house, that leads to reluctance to follow up on the evidence. What do you say to that . Well you know, gm has special interests here. Obviously it does not want to be responsible for a large number of deaths. The center for automotive safety has special interests too. It is tied with the Product Liability law business and, so and obviously he has got his, ralph nader has his own special interests here. Gerri what are i saying . So who is ralph nader tied in with . Well the center for automotive safety is basically a lobbying firm for, it lobbies for, Product Liability lawyers. Its a its a special Interest Group tied in with them. Not to say that their points are not valid. Just to say they have their interests. Gm has its own interests and, you know, we need to have a better answer here. We need an independent investigator into this. Someone outside of the government, someone outside of the cas, someone outside of General Motors. Gerri a great point. I dont know who that is going to be. Congress wants to do it but i dont know that they have the expertise. No, i dont think they do. Gerri thanks for coming on, todd, great to meet you. Thanks for being with us tonight. Appreciate your expertise. Thank you, gerri. Gerri well, from the road to the sky, Airlines Getting more and more creative in nickel and diming passengers with fees. Here with ways to avoid the fees, the found irof air fare watchdog. Com. George, welcome back to the show. Great to have you here. The amount of fees, that been collected and it is astonishing how much money were talking about. Billions and billions of dollars over time. 6. 1 billion in baggage and reservation change fees alone. Where is this going . Why are they charging us so much in fees . Well, gerri, the truth is if they didnt charge these fees the airlines would probably still be in the red. Theyre making a lot of money now which i guess is great if youre airline employer or airline stockholder but probably would still be losing money. When they raise fares, people stay home or drive. Gerri they cant raise fares they raise fees. Problem with the fees, you never know what they are. What are the fees getting raised . They are surprises for a lot of people especially if you havent flown in a while. One of the most egregious one is the pet fee which con up enormously. I understand from Good Authority you will have the pets on the program. Im glad im not following them because, 2. 50 roundtrip on most air appliance to have a pet. One way to get around it, im not suggesting people do this illegally is to have a Service Animal. Now it animal is Service Animal you dont have to pay a fee. The animal doesnt have to go in as a cage. Gerri are you saying claim your dog as service dog. Im not saying anyone would do that, gerri . Would you . Gerri this confuses me. Third bag fees differ acrossair lines. The more bags you have more expensive it is. Some folks charge 250 bucks. Some folks charge 25. Im totally confused. I dont even know what to make of it. There is no rhyme or reason and why should one airline charge me. Virgin charges 50. Some airlines charge 200, 250. There are charts on internet. Google air fare watchdog has one, you will see the vast differences between some airlines. Gerri have you noticed that planes are get getting more crowded . You talk about the idea they could raise fees instead of fares. Theyre also crowding more people on fewer planes. They cut down number of seats, number of flights. Part of that theyre installing these extra leg room seats, call them economy plus, for example. There are fewer seats in some of the planes and fewer airlines. There are pewer seats and demand gone up of so the load factors are in the mid 80s, mid to low 80 . You will not get a middle seat in most flights. Gerri paying more for less comfort. Also seats are not as comfortable because they are thiner. They are tinner. Harder in coach. Absolutely. There are ways to get around that. You can use your miles to upgrade but costs money. Gerri costs you something. So what, give me some more ideas for stretching my travel dollar especially my airline dollar. To avoid those fees. One fee people really dont like, making a reservation on the phone. So i do that all the tile but what i do is i get the information i need and i think thank you very much and i go to the internet to book it. So i avoid the 25 or 35 fee. Gerri you go right up to the inof saying okay, i will buy it, here is the credit card number and back out and go online . Absolutely. Perfectly legal. Another fee that people, sometimes get hit with really hard if their bag is overweight or oversized. Oversized means over 80 linear inmuchs. And overweight could be 51pound. Some airlines you will pay 800 roundtrip if you hit both of those. Gerri wow. 800 roundtrip. Much cheaper to go to fedex or kinkos. Gerri fedex, my friend, never put them on airplane. Cheaper and track something much better than airlines. It will cost you a fraction of that 800. That another way to save money. Gerri george, thanks for coming on. Have a great weekend. You too, thanks. Gerri we have more coming on including get this, comedienne, adam corolla. Administration is cracking down on forprofit colleges. Is this a matter of white house taking matters into their own home or is it time somebody started watching out for taxpayer dollars . [ laughter ] smoke . Nah, im good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release Smartcontrol Technology that helps prevent the urge to smoke all day long. Help prevent your cravings with nicoderm cq. That helps prevent the urge to smoke all day long. Gundyes n group is a go. Not just a start up. An upstart. Gotta get going. Gotta be good. Good . Good. Growth is the goal. How do we do that . I talked to ups. Theyll help us out. New technology. Smart advice. We focus on the business and they take care of the logistics. Ups . Good going. We get good. Thats great. Great. Great. Great. Great. Great. Great. Great. Great. all great i love logistics. So ally bank really has no hthats right, no hidd fees. Nts . Its just that im worried about, you know, hidden things. Ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. voseeker of the sublime. Ro. You can separate runway diculousness. From fashionhat flies off the shelves. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national isanked highest in car rental Customer Satisfaction by j. D. Power. natalie ooooh, i like your style. vo so do we, business pro. So do we. Go national. Go like pro. Gerri a crack downon for profit colleges. The federal government proposing new rules to stop the graduates of a Career Training programs, thats what they call them from defaulting on their debt and getting in over their head. Will this work . With more the director of education policies at the American Enterprise institute. And coeditor of private enterprise and public education. Rick, thanks for coming on the show tonight. Lets start by talking about what some of these new rules are. Graduate loan payments for example, will be capped at 20 of discretionary income. What else does the government want to do . For instance, a student, a graduate cant pay more than 8 of earnings towards loans. They cant pay more than 20 of discretionary income. This only applies for vocational programs at community and forprofit colleges, which makes it sound a little bit evenhanded except the funny thing is Community College tuition is 80 subsidized by state and local taxpayers. So Community College students never need to borrow very much. This is really only directed at forprofit programs, training vocational students. Gerri well, when you dig into that, the department of education says the 72 of these for profit schools as youre describing earn less than high school dropouts. They think these folks are not getting a good education and paying too much for what they get. What do you say . In some cases sure, theyre correct. Theyre absolutely are some bad apples out there but there is two things. One, what forprofits are doing theyre taking students that Community Colleges and other programs arent serving. Community colleges, when they fill their capacity, they tell folks, sorry, no space. Community colleges start courses in september and again in january. If you get laid off from your job in november or march, you know, tough cookies. They will see you when the semester starts. So one of the terrific things about forprofits is they have real incentive to find ways to Grow Market Share and serve folks who otherwise are not being served. So forprofits start new courses every month in some cases. Rarely if ever turn a student away. Gerri i get your point. I think the thing the government is concerned with, and frankly concerns me too is my taxpayer dollars, of all College Students, 13 are defaulting on loans, all schools. You look at forprofits its 46 . This wouldnt be concerning if some, you know, private lender out there was making the loan and it was on their back but that is not true. It is on taxpayers back. I dont like that. Im with you. One interesting thing is of course it was a democrats back in 2008 gerri what do we do about that . What do we do about that . Dont gloss over the point. We have to have some kind of solution, right . Great question. So one, lets keep in mind these are not apples to apples comparisons. You dont find many default out of harvard or yale or stanford not necessarily because of quality of education but because of the students theyre serving. One question do we want folks to borrow and go on to college who may or may not finish their degree and benefit from it . If we want institutions to turn folks away, thats fine but recognize were closing the door of college to some people. Second thing though, really the way administration has drawn the standards to my mind is a problem. George Washington Law School student would i be ineligible for loans under these regs. Northwestern students getting a bachelors in journalism would be ineligible under these regs. One of the problem is completely sympathize your point, i dont like the bad apple for profits pocketing my tax dollar but i do worry about writing heavyhanded federal regulations which are going to be applied problematically. Gerri one thing the government is saying the institutions must keep default rates under 30 . Here is my problem. Here is my problem of the cost of education is out of control. That is the real thing here. Forget private, forget public. Both of them are too expensive for kid to afford. Kids and families. Something has to be done to bring that price down. What do you say . How do we do that . I think that is exactly right. It strikes me that one of the problems with bringing down the hammer on forprofits in general it is forprofits that are most cost sensitive in the space. Its forprofits that are looking to move courses online more aggressively. It is forprofit providers like straighter line that have come up with the idea of allowing students to enroll in college for 99 a month. It is not the publics that really taken the lead on this so the idea we want to deal with that absolutely gerri taking on, mit, all big schools are starting to do it but it is taking a while. I just want to see that price tag come down because families just cant afford it. Rick, were running out of time here. Im going to have to let you go. You have to come back and talk about this more some time, because its a fascinating topic. Lots and lots of layers. Lots and lots of layers on the onion. Thanks for coming in. Thank you. Gerri have a great weekend. And later in the show we wrap up our users guide to taxes with advice on how not to get audited. Next funnyman, adam corolla talking about his personal experiences paying with taxes and why enough is enough with all the ridiculous rules. You know how painful heartburn can be. For fast, long lasting relief, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. Impact wool exports from new zealand, textile poduction in spain, and the use of medical technology in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat thei10year lipper avere. T. Rowe price. Inest with confidence. Request a prospectus or summary prospectu with investment informion, risks, fees and expenses to read and considecarefully beforinvesting. Gerri funnyman adam carolla joins me live to talk about taxes and his brand new show. Gerri my next guest wears many hats. He is comedienne, entrepreneur, podcast king, bestselling author, master carpenter, cool, and he says he a tax guru. Im not so convinced joining me Fox News Contributor the multitalented adam carolla. Thanks for being with me. I appreciate you coming on tonight. Thanks for having me. I just had this thing, first off i was ted of people telling the people who are doing all the paying when will you start paying your fair share. I always that this country should be run like a casino. Like, if youre a whale comes in from japan and is playing highstakes poker, you should get comped a suite. And everyone who pays more than 100 grand in taxes every year should get a gold hat and you know, park where you want. Dont pay the meter. Bus is free. You know, get garbaged picked up twice a week instead of once a week. Pulled over, cop pulse you over, hang the hat out of the window, he keeps on driving. Pass on everything, is that what youre saying . Well i would say, not everything. You know. Vehicular manslaughter and thinks like that, no. But, i would just run, like you run Everything Else in society which is those who pay in more, when you go to a concert, you can pay 30 bucks and sit up in the knows bleed section or you can pay 2,000 bucks and sit up against the stage. What doesnt work this way . Gerri thats a crazy idea i think. Under that scenario thank you. Gerri under that scenario you could commit felonies and never bet any retribution, but bet me ask you this, are you mad about high taxes . Yes i am. It is not the high taxes. It is paying the high taxes and then getting pointed at as part of the problem, not paying my fair share. The 1 , who gets away without a. That is where everyone can kiss my gerri i feel your pain. Ii want to talk about your new show. Your new show, cott to catch a contracttor. A lot of people out there would like you to catch their contractor, bring them in to finish the job. How do you do it . Well it is easy. We go find the homeowner who has been screwed over by the shoddy contractor and, then we track the guy down, set up a sting house and bring him in for fake estimate. When he

© 2025 Vimarsana