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We have news from capitol hill. The federal budget deal, if approved by the republicanhead house and democratically led senate it will will another Government Shutdown in january and that stability would be very good news for our economy. What is in the deal and what is not in the deal . David, the first thing you should know about this deal is that its not a done deal in terms the house and senate, and it remains to be seen whether conservatives and liberals will get on board. There is enough for them to hate. The biggest news out of this deal, that theyre able to make any kind of deal at all given everything that has happened before. After washington dysfunctioned time and time again has led to the shutdown and crises over the debt ceiling. Its 12 trilliondollar deal over two years. Twoyear deal. Normally the budget cycle in washington is one year. And this will give businesses both large and small an opportunity to be free of those washington head winds and everything that the agreed lock has engendered here in terms of tripping up the economy. It reduces the sequester by some 63 billion over those two years. That has stuck in the craw of Many Democrats and republicans alikrepublicans alik alike an alt many tea parties also against it. President obama now now come back from south africa. Hell be praising it. It will be on the house floor thursday afternoon. Its so interesting to see a surrender because no changes in tax policies, no changes in social programs. Mike viqueira, thank you. We appreciate it. We learn that americas job outlook could soon be headed towards a big jolt. Thats according to the biggest jobs report coming out of the labor department. A 7. 7 jump compared to the same month last year and the largest number of the jobs advertised in five years. To suggest that after years of caution are finally in a mood to expand. There are more signs of healthy churning in the labor mark. The amount of job turn overs rows 4. 2 gain over the previous year. That includes an increase in the number of people who are voluntarily leaving their jobs to check out better prospects elsewhere. More hiring, more leaving their current position all add to the job numbers. And the Unemployment Rate falling to 7 , the lowest level in five years. Looking ahead, manpower group, a recruiting firm that conduct s a Quarterly Survey nationwide said employer optimism has pushed its Employment Level to the highest level in five years. 17 of employers say that they intend to hire more staff in the first three months of 2014. Another 7 said they plan to reduce staff and the remaining threequartered surveyed said they intend to keep staff levels where they are or theyre not sure about their plans. The biggest hiring gains will be seen at the lower end of the scale in leisure and hospitality jobs, but hiring will pick up up the hire end of the scale. Manpower survey found that Staffing Levels should remain relatively stable going into 2014. At one big manufacture today we got news of of groundbreaking hire of sorts, promotion mary bara the next ceo of general motors. A longtime executive at gm will be the first woman to head one of the big three automakers. Shell replace daniel ackerson, and her career at g. M. Began as as student intern at age 18. Shes widely credited for the successful roll out of two new pickup truck and changes to cars including the corvette and Chevrolet Impala which earned a top rating from consumer reports. This announcement from g. M. Came one day after the u. S. Treasury closed the book on the bail out, and both of these moves could fuel g. s success moving forward. Lauren the founder of automotive aspects and has studied the Auto Industry as a reporter and a road racer, your reaction to this news. The whole Auto Industry is excited to have the first female in charge of the a global auto manufacturer. She has literally broken the glass ceiling. Surprisingly this has not happened in the past. Were excited to see what she can do with the corvette, impala and other products she has been involved in. I think g. M. Will have great products coming down the road. Lauren, what has been the success to g. M. In the last years . I think think the products. After they take the bailout a lot of people got discouraged in the brand, and now theyre bringing those buyers back based on new designs, new technologies, making cars that people want to buy. And i think thats a big part of what g. M. Has done especially with the cadillac and buick line up. A big part of what their experience is, to turn around g. M. I think their model replacement saw 28 of the entire fleet can be turned around with new design in one year. Thats pretty amazing, and shes right there with all of that, right . Absolutely. And remember she worked her way up through production. She wasnt just somebody who came from another industry, who was placed here. She worked in production. Her father worked for the pontiac division, which is cool. She is a Second Generation g. M. Worker. She went to gmi, which is no longer called gm institute. Shes very sharp. Shes very smart. She has teenage boys, shes getting information from the millennial marketplace and the baby boomers and jen x. I would not necessarily jump in and buy the stock, but i think we have positive things coming our way. How difficult is it to say redesign corvette or impala to be right there for it to be successful. It will take a couple of years. Its not someone just drawing it up and then saying, yeah, lets have do that. There has have wind tunnel testing, production has to be produced, and shes involved in the production side. Which is very unusual. She even worked in Human Resources which is very good when you have to work with the unions. The uaw has got to like her, too. Lauren, finally, several women occupy executive position at general motors. Tell us about that. There are a lot of women who are up and coming in a lot of manufacturing companies, and big for gm and for ford and chrysler to do this because women make 85 of the buying and maintenance decisions. We own 60 of the cars on the road. Volvo has been doing that for years. When you get a different personality bringing females who are making decisions were not talking about silly things like lit vanity mirrors. Were talking about the look, the aerodynamics how things look to the driver, seating comfort those are critical factors. Thats what makes people buy your brand. Thanks for joining us. We appreciate it. Here is a great way to liven up a humdrum nobel prize weekend in sweden and american economists with wildly different views of how finances work and let memor them debate. They collected their prized today, they disagree on whether markets are rational and predictable. One says yes, the other says no and made a name for themselves by calling different market bubbles. Schille said in sweden that fama may have cognitive di dissonance. We now know its not contradictory to win a nobel prize and take a few shots at the person who also won the award. Its that time when main street hates wall street, who is laughing all the way to the bank, and its not the usual suspect. Ali velshi talks to a foods vendor who is surviving as all. Real money continues. Al jazeeras Investigative Unit has tonights exclusive report. Stories that have impact. That make a difference. That open your world. This is what we do. America tonight next only on Al Jazeera America from our headquarters in new york, here are the headlines this hour. Al Jazeera America is the only news channel that brings you live news at the top of every hour. A deal in the senate may be at hand and just in the nick of time. Thousands of new yorkers are marching in solidarity. Were following multiple developments on syria at this hour. Every hour from reporters stationed around the world and across the country. Only on Al Jazeera America. Have been telling you in the san joaquim river, freeze warnings in effect. Never seen too much in terms of rain. Los angeles, you are going to be seeing some beautiful weather all the way to sunday even into the low 70 did or high 60s, partly cloudy conditions, overnight, about 44 degrees. Texas also dry for you as well. We saw rain showers and a mix of precip just a little bit up here towards the north. Temperatures for dallas at about 42. San antonio at 55. For houston, well, you are going to be seeing rain by the time we end the week. 59 degrees there. That will will last one day. Your weekend should look better with a high of 63. Over here towards the southeast, some rain showers pushing through orlando right now. Atlanta is going to be about 56. An American Auto maker making history. The newer ground general motor is making as it names its latest ceo. Its official. Banks will no longer be allowed to make risky trades. Today they called the volcker rule that keeps banks from engaging in proprietary trading. It will change the culture on wall street that contributed to risky investments. It also attempts to protect main street by requiring banks that include pay packages that do not reward risky trading. And this is the time of year when pay reaches wall street. We have now reached bonus season. Bonuses are expected to rise 5 on average, but jobs involving big risk which used to pay the most are no longer reaping the biggest reward. We have the story. Reporter its the big payday that fattens wallets on wall street and fuels the ire of main street. Year end bonuses can comprise up to 80 of wall street pay packages. This season payouts are expected to rise for the second year running but the spoils wont be shared equally. A tepid deal climate include firms who advice on mergers and acquisitions are expected to be 5 than last year. The biggest losers are bond traders. Their bonuses are expected to fall 5 to 15 thanks to Interest Rates and wrong bets on when the feds would pull back on the economic stimulus. The big income traders, they guessed it wrong. Reporter alan johnson produces a closely watched survey of wall street compensation. According to him low risk steady generators are this years bonus winners and should enjoy a 10 bump. Investment banks were the highest paying firms but weve had a change, mutual funds and other things that paid at least as well if not more and that trend is likely to continue. Reporter while Market Conditions are rewarding lower risk activities regulators have also tried to force change on wall street. Strong arming banks to tie executive compensation to performance. Regulators hope to discounselor the type of shortterm risk taking that many believe caused the financial crisis. Ironically. It could bring more outrage on main street because it has some banks looking at huge payouts. Jamijamiejamie dimon s package was awarded now 24 million, but its now worth 18 million thanks to a gain in the stock price. The same year that the bank was slapped with a Record Record billion dollars fine. Some believe the best way to drive more responsible behavior is to change how bonuses are calculate glad most of your bonuses when calculating your bonus youre looking at what profit did you make for the firm and 10 youll get for your compensation. Here the idea is dont just look at how much profit you made, but how much risk did you take on behalf of the firm. How much risk did you expose the firm to in your activities. Last year average salary for Financial Securities employee in new york was 360,000. That is five times higher than other forprofit businesses. Today on twitter and facebook weve been asking you how can wall street compensation about given responsibility. And another says, some how tie their performance in job creation in the private sector. Tell us what you think aj real money or on facebook. We have a book about the financial crisis, and were joined now in studio, jamie dimon gets 18 million in bonus money, the same year that theyre fined 13 billion. How is that possible . They still made a profit. The real issue is not the ceo payable that is important. The real issue is how much are the traders getting paid, and what is the basis for that pay . Before today, before the volcker rule was approved the more risk you took and the more money you made, the more you would get to take home. Presumably with the rules of the volcker rule now Different Things will be valued. Client relationships, what do you dohow much concentrating do you z do you for for client as opposed how much did you do for the firm. There is still this culture embedded in wall street even now with this rule that says, its fine to risk other peoples money. If you lose maybe you lose your job but thats about it. Reporter well, well, thats true. Excuse me. Thats okay. Are you suggesting that the volcker rule is a good first step . I think the volcker rule, the problem with it is that it does it go too far or doesnt it go go far, the problem with it is its extremely complicated. Its hard to tell if you do it for your client or if you do it for yourself. And if the regulators decide two or three years from now if theyre going to be as tough. And it looks like the regulators are not going to be tough at all and its something that is very difficult to enforce. Im not 100 sure thats right. I think the regulators over the past year in the time after the london whale trade of jp morgan, the one that cost them so much money, i think its the way theyre treating banks. I think theyre going to be tough. Look, tie the bonuses tha toe jobs created in the private sector. The problem on wall street they say theyre about creating jobs but theyre about creating money for themselves. And trading paper. The era when wall street cared about job creation and the rest of the country is long gone. And the truth of the matter the reason why they want to make so much money is a person who goes on to wall streets not doing it forral truestic reasons. They are doing it because they want to maximize the money that they make. Is there something that the rest of society or government can do to change this . Okay, you can have as much of a bonus that you deserve if youre creating jobs as opposed to the largest amount of paper that youre tradingen. I think its a middle point. I dont think you can gauge the amount of jobs that you create on wall treat, but i think there is is point in between where youre valued on your client relationship and the things you do for client which is what wall treat is supposed to be doing any way. Thank you for coming in. Thank you for having hey. Ali velshi talks to a local vendor about the post apartheid economy when real money continues. An Al Jazeera America exclusive. Former president jimmy carter reflects on the life and legacy of Nelson Mandela. That spirit of Nelson Mandela is embedded deeply in the heart and soul of the South Africans. They worked side by side for freedom, now president carter talks about mandelas global impact. A revealing interview you wont see anywhere else. Ive never heard him say, that he was grateful to the united states. Talk to al jazeera with jimmy carter only on Al Jazeera America most of the students are black or latino, some with an undocumented parent. None were born with a silver spoon in their house. 98 qualify for free or reduced price launches. The majority of them face a challenge. It may not be their skin colour. It may be socioeconomic status. It may be being homeless. The children are quick to connect Nelson Mandela. I heard that he was, r Martin Luther king in another state. Ms klieforth says her students are bringing their personal experiences to the classroom. The kids tell stories. I walked into a store and felt like people treated me differently. It. Its cool. What he did he didnt came, if [[voiceover]] no doubt about it, innovation changes our lives. In fact, we depend on you, your ideas, your concerns. All these folks are making a whole lot of money. You are one of the voices of this show. I think youve offended everyone with that kathy. Hold on, theres some room to offend people, im here. We have a right to know whats in our food and monsanto do not have the right to hide it from us. So join the conversation and make it your own. Watch the stream. And join the conversation online ajamstream. The elite and ordinary gathered together in johannesburg to pay tribute to Nelson Mandela. In an economy dominated by large companies, only 35 of South Africans believe there are opportunities Business Opportunities in the country. It may be related to the fact that Small Businesses in south africa have one of the highest failure rates, a whoopining 70. Ali velshi is in johannesburg. Were going to talk about food that black South Africans ate in the old days before mandela and still eat today. The main stay of the south african diet is you cornmeal. And you have been selling this all day. How is business . Business is good today. Very, very good. You have not been doing this this. This is new business for. You its not a new business. Eight months ive been doing this line. Before this you were a waitress. I decided to tart my own business. How is it for people who want to start their own business in in aparin apartheid south afric. Is it easy or hard. Its a gamble. Sometimes you win, sometimes you lose. Do you think the economy is better now after apartheid than before . I would say so, yeah. It is better now because a lot of things are better now. Its easier to open a shop. Everything is nice. So you have a better chance now. Up. Theyre all buying. Let me say that. Hes making that, tell me what that is. Its chicken and rice. What is the most typical thing if i wanted to get a typical meal. Pop and steak. You dont need to make it fancy. Youre going to give me pop. And your supposed to eat it with your hands. And give me a piece of stake. Never mind the vegetables. Well done. Well done. I want to stay healthy. Do i eat this separately, and how much is this. 4. There. This is the main meal for the day . This is the main meal for the day. What time do people eat this . Around 12. So lunch. They sit and take take little bit like this . Well try a piece of this stake. And what kind of meet it this . Beef. Absolutely delicious. Some thing dont change. People have to eat. Im ali velshi, al jazeera. Another thing that doesnt change, no vegetables, just steak. Well done. How can wall street compensation be designed to encourage performance and responsibility . You can tweet us ali velshi or leave us a comment on our facebook page. If you want to see more on tonights stories log log on our website at www. Aljazeera. Com. Another cautionary note about football, many are encouraged to take out a loan to follow the School Football game. Paying back 2,000 at 6. 9 , the best rate offered means you will owe 118 every month for a year and a half. Its money you might otherwise spend on Monthly School expenses or maybe even frosty adult beverages. Also if you dont pay back the loan as schedule your post College Finances will be muddied with lousy credit a rating. From one big fan to another dont let any bank. Induce your School Spirit by getting a loan you want afford. Dont worry about watching it on television. It will be just as great if they win or feel just as awful if they lose. Trust me, im a michigan grad. Well look at big business, whether or not you follow football, you dont want to miss our report. Im David Shuster in for ali velshi. Thanks for joining us. Thousands of riot Police Confront protestors in ukraine. Theyve now stormed city hall, attempting to remove demonstrators who have occupied the building. Hello from al jazeeras headquarters in doha. Im jane dutton. Also ahead, lying in state. Nelson mandela is honored by the heart of south africas government. His former wives have arrived to pay their respects. A frenzy of hate in Central African republic. Angry mobs attack

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