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>> what about this new report which claims that are fewer millionaires in the u.s.? and what is it about that and why should those of us who aren't millionaires care? >> well, this definitely puts the redistribution of wealth concept out to a global level because there's a report that was out this week from the boston consulting group showing that in 2011 we saw about 129,000 former millionaires lost enough money that they're no longer of the millionaire status. but those -- the biggest reason for that is actually stock market. the rocky performance of the stock market in the last couple of ye...

On the dollar. lastly, $129,000. a new study showing there were 129,000 fewer millionaires in the united states last year. it's the first time since the financial crisis that the millionaire population has declined. >> the top speller in the nation was crowned just last night. here's the winning moment. guetapens. g-u-e-t-a-p-e-n-s , guetapens. >> 14-year-old snigdha nandipati from san diego aced it making her the champion out of 278 students who participated in this year's contest. and she joins us live after her big night. congratulations. what an honor! >> thank you. >> i noticed a little h...

Fundraising events in efforts to avoid potentially embarrassing photos or videos. finally $129,000. that's how much seminole county florida schools spent on ipads for top administrators. the school system reportedly facing a big budget crunch nonetheless. brian? >> all right. the department of justice and f.b.i. now launching their own criminal probe into the $2 billion trade loss that j.p. morgan suffered. the s.e.c. is already conducting their own investigation so why is eric holder's justice department getting involved? fox news legal analyst peter johnson jr., i'm asking the same question,...

Millionaire $265,000 per year. extending the bush tax cuts would give them $129,000 tax cut per year paul ryan and mitt romney are good with they. they are doubling down on the rich people bonus tax present. another quarter of a million dollars for every average millionaire. this is not the politics of past anymore. talking about george w bush at the center of today's republican party thinking and today's politics. president obama was arguing for closing the loophole that lets people that make their money as financers pay mini tax rates instead of the the tax rates that everybody else has to p...

geepg good evening. i'm ali velshi sitting in for erin burnett. republican presidential candidates have just over a week left to prove to iowans that they're the first to win the nation's contest held on january 3rd. polls show the race there is still very much up for grabs, but there was only one candidate out today with an official campaign event and it wasn't one of those top three. it was rick santorum and he went hunting with an important guest. dana bash joins us now with more. who is this special guest that got rick santorum out on a campaign event today? >> he's congressman s...