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Bigger issue is what should have happened was three or six months into the unemployment that's when you have to go into crisis mode. you don't wait until the very last dollar to do that. >> what can he do now? anything? >> the problem is he is going to have to down size if he owns a house, cut expenses to the bone, get any kind of a job, and the problem is had he done this a year ago he might be able to do it with a hundred thousand dollars in the bank. now you're doing it, and humans do this. they wait until it's an absolute crisis and then they act. what we try to do is say listen. three or ...

Chicago. ed henry, part of the best political team on television live from the political desk in d.c. how does it look? >> it seems that he's all but a shoo-in. the question is whether or not he'll get the 50% plus one to avoid a runoff. overnight, there was a couple of inches of snow in chicago. that, of course, on paper you would think affect turnout but cnn spoke to the spokesman for the elections board in chicago scoffing at this saying this is a mild dusting. we are tougher than that. i don't think he was pointing a finger at washington which is known for being wimpy in these storms. they...

On libya, bahrain and the rest of the region. we are $5 away from $100 crude oil. not long ago we were at $40 oil. >> thank you, poppy. it is election day in chicago. will the president's former enforcer, rahm emanuel, come out on top in the race for mayor? ed henry has the latest news crossing in the cnn political ticker. and are you ready to take the cnn challenge? here you go. here's the question. a new study ranks the world's most livable cities. which one topped the list. a, new york, b, sydney, australia, vancouver, canada or, did, london, england. up next.

We want to get a quick check of the markets here. the dow jones down by about 97 points. obviously a lot going on in the middle east and north africa. the crisis in libya is also sending oil prices sharply higher. crude oil was trading at nearly $95 a barrel, up five bucks from friday's closing price. so the question is, why is libya creating more of a spike in prices today than, say, egypt or bahrain. poppy harlow joins me from new york to answer that question. >> we are at $95 now. a huge spike, more than a 6% spike from where we were friday. the reason for this is that libya is the first ma...

Oil. bahrain, not as big a producer but they're very strategically located. when you talk about libya, look at the unrest on your screen. what's very important is the oil under the ground in libya that hasn't been tapped. they have the single biggest oil reserve in all of africa. what goes beyond that is that this unrest in egypt, and libya and elsewhere will spread across the reach ton bigger oil producing nations. whether saudi arabia will get hit or not with this kind of tension is yet to be seen but nor and more experts say saudi arabia is now the region that is in question when you look a...