Velshi. You are the most important part of the show. Tell me what is on your mind by tweeting me ali velshi. New reports out today show that chinas industrial output and retail sales grew in april but 8. 7 and 11. 9 respectively compared to the same time last year. What is wrong with that . Both figures seem respectable. They seem down right big, especially when compared to 4 rise in retail sales last month in the United States. Now this is china were talking about, not the u. S. These numbers confirm for many that chinas economic engine is running on less steam in 2014, and that has just as many wondering if chinas expected 7. 5 growth this year is too ambitious a forecast. Now i told though before. You should care because chinas spectacular growth story has helped prop up the rest of the world. Youre invested in Chinese Companies through your 401k and iras, and more importantly in u. S. Companies that do a lot of business in china. Whats more, china is the biggest foreign holder of u. S. Treasuries. Were all inter connected, and china is so big now that any slow down or recession there, were not talking about a recession, but any slow down there would be felt by all of us. That makes backlose job that much harder while hes in china. Controls that heard american exporters. China started letting the value of its currency rise against the dollar, now it appears to be reversing course as economic slows down. Now china is at a crossroads. Its leaders want to wean its economy off the dependence of selling inexpensive goods to the world. It might work for china in the long run, but in the short run , they easily invest their money in abroad. Thats what we see in africa. The chinese are investing in a building and spending spree, a larger strategy of investing in countries around the globe. Reporter chinas latest building project, a 3. 8 billion railway announced days ago in nairobi, originating in kenya, the proposed line will link one of the Fastest Growing populations to its neighbors throughout east africa. This on the heels of last weeks announcement of 12 billion of additional funding to build roads in and around nigeria. China extended 300 billion in india to help fund its Infrastructure Development including solar and Nuclear Power facilities. Its an offer the Indian Government is still weighing. Other nations have not been so hesitant. In central asia china has funded both gas and Oil Pipelines running through kazakhstan, in afghanistan the country has invested heavily in oil fields and copper mines. Latin america has also benefited from chinas deep pockets. Brazils super port was nicknamed the highway to china after a Chinese Company sunk 5 billion into a portside steel factory. In Central America a Chinese Businessman is footing the bill for a 40 billion grand canal across nick agua. In comparison, chinas gift to coast costa rica a soccer arena. Just this month a report of a high speed rail from you china into russia across the Bering Strait into the u. S. Chinese engineering experts estimate the entire trip would take about two days. Al jazeera. Forecasting Economic Growth will rise by 5. 4 this year today theyre investing in Infrastructure Development, roads, bridges, high speed rail links. Stadiums, schools, hospitals, tech centers, and the forum for africa which met in nigerian me pledged more investment and support in. Last month he addressed the United NationsGeneral Assembly on promoting private sector growth in african countries. Last week he was there in nigeria s forum. Thank you for being with us. Good to be here. They went to four other african nations. We dont have a railway in america. What do the chinese want. What do they get in return for it. They said last week you have what we need. Well give you what you want. They want to expand the market, and they have what i call emotional intelligence. They have what we need in africa, and they have given that. We used to have investment in africa. Why is this not like traditional colonialism where they take the Raw Materials out of africa and sell africans prepared products . They soon realized its not just about it. Recall in 1996 Chinese Investment in africa was 600 million. In 2012, Chinese Investment over 15 billion. So a lot has happened. They have the raw material. Onethird of the oil comes from africa, and similarly they hav they return it to africa but they operate in a manner different that lends itself to others. The way africa is linked up right now in transportation. Following the pattern of colonialism. A lot of africa countries will tell that you its easier to trade with nonafrican countries than african countries. Yes, if a county comes in and says well help you link. Africa with modern transportation is wonderful. At the time that some countries, including United States of america, were issuing travel threats. The premiere of china was in nigeria, and spent three days. That to me shows. I heard criticisms this is not creating the jobs that africans thought it would create. In west africa there is massive infrastructure going on that the chinese are involved on as well. But the truth is what can make job better on the continent. Accessing electricity, plus the chinese coming in with transportation, those two infrastructure will help the continent develop. The chinese do not put conditions on africa in terms of governance, not even with respect to corruption. American companies are governed by foreign corruption practices that prevent them interest doing practice in africa. Do americans miss the boat by sitting out . Those are two separate things, by the way. Corruption is not good. However, the chinese, you know, you have governmenttogovernment relationship, you also have businesstobusiness. The Chinese Business today have over 800 chinese corporations that do business in africa. How many u. S. Businesses do business in africa today . Things are changing. The official of best practices are global continents in africa help in best practices. The africa of today is different from the past. I run a business in africa. I have an Investment Company that invests in the african economy, and we operate at very, very high Global Governance standards. That is not just me. That is what were beginning to see. The west should rethink their strategy, and think if the africa today is different from africa two years ago. That missing link is what a problem for people who fail to join the boat. The boat is moving and chinese is taking advantage of opportunities on the continent. Always a pleasure to see you. The Affordable Care act said sign up for insurance or pay a fine. There is a healthcare alternative if you have a lot of faith. Is it less efficient . Its not supposed to be less efficient. Its supposed to be beautiful. Whose doing it and why it works. And why park avenue has nothing on north dakota thanks to the energy boom. Ill tell you about farmers and their good fortune as my series on fracking continues. We have to move out of here right now i think we have a problem. We have to get out of here. Theyre telling that they they dont wanna show whats really going on. Mr. Drumfield, id like to speak to you for a minute. This is where columbias war continues. Still occupied. Police have arrived. You see the blast scars from a bomb that went off. True businessgrade internet comes with secure wifi for your business. It also comes with public wifi for your customers. Not so with internet from the phone company. I would email the phone company to inquire as to why they have shortchanged these customers. But that would require wifi. Switch to comcast Business Internet and get two Wifi Networks included. Comcast business built for business. Could mean less waiting for things like security backups and file downloads youd take that test, right . Well, what are you waiting for . You could literally be done with the test by now. Now you could have done it twice. This is awkward. Check your speed. See how fast your internet can be. Switch now and add voice and tv for 34. 90. Comcast business built for business. Weekday mornings on Al Jazeera America we do have breaking news this morning. Start your day with in depth coverage from around the world. First hand reporting from across the country and real news keeping you up to date. The big stories of the day, from around the world. These people need help, this is were the worst of the attack took place. And throughout the morning, get a global perspective on the news. The life of doha. This is the International News hour. An informed look on the nights events, a smarter start to your day. Mornings on Al Jazeera America 78 Million People have signed up for insurance under obamacare, and one reason, folks who dont face a financial penalty. And that has prompted a lot of people to join religious groups that give an alternative. Healthcare sharing ministries of they get their healthcare expenses paid by other members. But look before you leap. There are no guarantees that your medical bills will be paid by a group like this, and these ministries make it clear, theyre not for everyone. Drive those down so they dont slide off. He has a dangerous job, but no Traditional Health coverage. First and foremost, my life is dedicated to jesus christ. Robert is one of a quarter of a million americans who have joined a healthcare ministry. Its a creek form of coverage, not connected to any one church, but a belief system. I dont know if you can see it very much. Right in front of my ear, can you see the scar . Thats where doctors performed brain surgery. Robert is a member of samaritan international, one of the largest minister of healthcare coverage in the u. S. They picked up the 6,000 bill for roberts brain surgery. These that exceed 100,000. James lansbury runs it. Each of his 100,000 plus members must belong to a christian church, pay a onetime 200nition fee, sign forms promising to attend Worship Service at least once a month, and abstain from any Sexual Activity outside of marriage. The code, recertification must be signed by a church leader. If someone says im not a christian, we encourage them to find a different option. Each is also obligated to confer a share. Singles pay 65, couples, 315. And single parent families pay 230 dollars. The ministry arranges payment. And heres where they differ from medical insurance. They do not collect, pool or invest money. When fay member has a verified medical expense, they are instructed to mail him their monthly share checks. For example, to cover the cost of roberts 36,000 brain surgery, more than 100 members literally sent him checks. And robert deposited that money into his own account, and that way, millions of dollars in get well cards are sent from household to household. And each month, members mail checks all over the country. Is it less efficient . Maybe, but its not supposed to be more efficient, its supposed to be beautiful and bring glory to jesus. Not all of them are done the same way. Online accounts, where they can transfer and receive money to one another. And at least one, Liberty Health share is not limited to christians. While were a spiritually based organization, we have chosen not to impose faith on any members. So we have championships, muslims and jews. Supporters say that it works because the members have faith in each other. And yet there are risks. Because theyre not regulated by the state, they dont have to meet state standards, particularly for solvence see. So if they go bellyup, you could be liable for your medical claims. According to the alliance, ministries do not assume my risk or guarantee the payment of any medical bill. 26 states specifically exempt healthcare ministries because of over site by insurance boards. Members have financial hardships, but if someone doesnt pay their monthly share, theres no legal recourse. The person who should have received that members share that month is simply assigned a new member, who is payment may arrive a month later. But that doesnt stop robert, who has no interest in Traditional Health insurance, its claim forms or other things. I have no plans to go back to health insurance. Peoria, illinois. Like health insurance, they negotiator lower medical fees with their members, with doctors and hospitals and other city. All right, the new stock market highs, something to cheer about or fear . A Nobel Prize Winner who has it predicted market bubbles before. Coming up. And next, a newly minted shalion air. Its a big check. A check that we didnt expect. We never expected that. What made them so rich. As my series on fracking in america continues. Right here. In case youre worried, the bull is still on wall street. It was an impressive rally, but they managed to set record closing highs. The dow jones and the s p eked out very small gains, but both enough to stay in positive territory and break closing highs that were hit yesterday. The tech heavy nasdaq was down. 33 , and it is 20 below its all time high. Number, 40,008 and that was set during the tech bubble in march of 2000. The s p 500, which is the broadest of all of the averages has not suffered a correction since 2011. And thats why many investors are concerned that stocks could start falling soon, and that includes robert shiller, who won the nobel prize in economics. He famously predicted the. Com bubble and the housing bubble, and now he worries about the stock market. He thinks that stocks have gotten too expensive by cracking a ratio. He looks at the s p 500 the earnings in it. Heres what you need to know. If the ratio is above the longterm average ever 16, he considers the stock market to be expensive, and you can see where it was during the tech bubble. And today it sits above 25. Its not just about that, but psychology and behavior. In his 2005 book he wrote, in an age where news spreads by enthusiasm, which spreads by alcohol contagion from person to person, in the process amplifying stories that might justify the price increase. Heres what he told me about this behavior and whats ahead for the stock market. Its a phenomenon, some economic theorists disregard it or pretend that it doesnt exist. But its psychological or sociological, but its a real phone number. And the last time we observed it, its not so far from our history. Back to the tech bubble of early 2,000. We saw this, we saw companies that had remarkable stock values, triple digits through the course of the year, without any obvious underlying increase in the value or the future earnings of the company. And one would think in recent memory that you would learn lessons, and were seeing it again, and i dont have the ability to tell any of those investors that youre wrong. You can never say youre wrong, and in fact, you start to look foolish if you lean against t because they keep making money, and you dont know how long its going to go. But then it can come crashing down, and the largest number of people are the ones that are causing the crash. You have a way of studying price to earning ratios and according to some of the research youve done, stocks are, other than the past few years, as high of a level as they have been only a couple of times in history. Theyre high, maybe more than a couple of times, theyre high, youre absolutely right. Not as high as they were in 2000. At the very peak of the market, the ratio got up to 46 then, and now its only 25, but its still high, and thats a concern. You know go ahead. There are a lot of problems finding great investments these days, so i think its still reasonable to invest somewhat in the stock market. But youre chasing a low interest environment today, and you study both the housing and the stock market. Which one is safer . Yeah, which one . I would say the housing be market has generally been safer, but i think its good to diversify. And thats the fundamental. And its also diversify internationally. Buying investments in many Different Countries will make a safer portfolio, and a lot of people dont want to do it. About half of the country is in position to buy stocks or a house, and about half of the country isnt. They dont invest, they dont have investable income, and dont have spare money and dont have assets. And the issue of income equality is very popular these days. Its discussed a lot, not just the middle class, but the gap between the lowest and the highest. And you have proposed in something you wrote, a way of dealing with income equality tied to the federal tax system, and tell me about that. This doesnt always win me popularity, but i think that some sense of reasonable equality is essential to a democratic institution. And we dont want to see i think maybe were at an acceptable level of inequality now, but i think we should think about limits. How much worse can we allow this to get . I think its a good idea for our government, or governments around the world to have a king see plan for inequality if it does get much worse. Things are worry some, for example the growth of internet or computer technology, nobody knows what it should do to inequality. But it might make it worse, and i think we should be planning now for what well do in the future if and when that happens. Do sufficient measures of inequality for home prices, it would trigger different taxation behavior, based on inequality. And do you feel we can measure it accurately . Well, my proposal, as the governments of the world get more serious about measuring it, the recent work, this capital book that is such a bestseller, happened because he and others, his colleagues, took more care to research what the top 1 or the top 1 10 of one percent were doing, and we learned that from independent researchers. I think now is the time that the governments of the world should make a bigger project of this so we understand it better, in all of its forms. And we have to understand a phenomenon, if its trouble soom ttroublesometo people, and itsg controlled. Lets talk about one important way that you can boost your wealth, saving for retirement. The bad news, most americans dont save enough. The median for all households, 3,000. Half of all homes had less than that and half had more. Households near retirement age have median savings of 12,000. And 59 of americans are worried about not having enough money for retirement. Heres if the good news, its not too late to start saving now, especially for young people. A new e book says that there are ways to save money for retirement if you start early enough. Its called if you can, how millennials can get rich slowly. He joins me from portland, oregon, to describe Investment Strategy that he says a sevenyearold can understand, and bill, you keep it simple, which is the way we have to start. The first thing you say about millennials getting rich slowly is to put 15 of your annual salary away into one of various investment vehicles. Thats right. If you do the math, thats what you have to save if you want a reasonable comfortable retire. Lets talk about the first obvious, a 401k some. Thats right, and you should save up to, including the match at the very least because thats free money. And then you recommend an ira, and then a taxable account. You should be doing all of them, some of them, how do you recommend them to be done . You should be doing as much as you possibly can. 15 is a minimum figure. If you can save 20 or 25 of your salary by scrimping and saving, then god bless, it will pay off very well later. Lets talk about that 15p. Where do you put it . What i recommend a beginning investor do is one of two things. One thing you can do, put all of your money into a target retirement fund, and if you have a good one with a low expense ratio, thats what you can do. Another thing that you can do, one that you have up there, portfolio. And thats a good thing to do because you can find index funds generally for all three of those. The first one is a u. S. Stock market fund. And the next is an International Stock market fund. And the next is a bond fund. If you put equal amounts into that, and then once every year or two adjust the amounts so theyre equal again because theyre going to perform differently, that will be a strategy which will hold you very well throughout the rest of your life. And you recommend an annual rebalancing, and i like to tell people to do it more often than that, but no less. Thats right. I like to do it once every year or two, and the reason for that being, they tend to run, and they tend to have momentum. And you want to take advantage of that. If you cut down the frequency of the rebalancing, you improve the quality of the rebalancing. You have five horsemen, and what are those . The very first horseman is failure to save. If you cant save, it doesnt matter if your name is warren buffet. You if you dont have anything to invest, you wont have anything to retire o the next horseman is knowing about financial theory. You dont have to get fancy, but you have to know risk and return are associated with each other, and if you want perfect safety, you have to accept low returns. The third horseman is noting aware of financial history. To know that markets become obulienh and they get depressed. And if you say i have seen this movie before. Youll be in trouble. The fourth horseman is not knowing who the biggest enemy is, which is the visage staring back at you in the mirror. If you dont know how to handle that, youre in trouble and the final is the investment industry. Theyre not looking out for your best good. Most brokerage houses and Mutual Companies are out for their bottom line, and theyre going to do things that hurt if you dont watch out. Thank you for joining us. My pleasure. Its like winning the lottery without buying a ticket. Cashing in on the energy boom, price. If you accept the money, you have to take the consequences. Ill have more on fracking in america with more coming up. And plus, google and privacy, and why digging up more on the internet may not be the same. On techknow. So, this is the smart home. Saving the environment the start point for energy efficiency, is to work with the sun. Saving you money we harvest a lot of free energy and so were completely off grid here how many of the appliances were almost a little too smart for us . Techknow every saturday, go where science, meets humanity. This is some of the best driving ive ever done, even though i cant see. Techknow were here in the vortex. Only on Al Jazeera America start with one issue education. Gun control. The gap between rich and poor. Job creation. Climate change. Tax policy. The economy. Iran. Healthcare. Ad guests on all sides of the debate. This is a right we should all have. Its just the way it is. Theres something seriously wrong. Theres been acrimony. The conservative ideal. Its an urgent need. And a host willing to ask the tough questions how do you explain it to yourself . And youll get. The inside story ray suarez hosts inside story weekdays at 5 eastern only on Al Jazeera America im joie chen, im the host of america tonight, were revolutionary because were going back to doing best of storytelling. We have an ouportunity to really reach out and really talk to voices that we havent heard before. I think Al Jazeera America is a watershed moment for american journalism today Energy Secretary said that United States is looking at relaxing a ban on oil exports. They thought it was a good thing to do. Oil prices were through the roof, and the u. S. Banned exports to conserve production and ease the prices on the american public. But four decades later, america is pumping up a lot of oil, thanks to new technologies like hydraulic fracturing, and stock prices are record highs. The u. S. Will be the Largest Oil Producer by 2020. Today, the secretary said that ending the ban is just a proposal that the u. S. Is looking at. When it comes to the energy boom, no state is talking louder than north dakota, which soared 20 points in millionaires per capita. Thats the biggest surgery in the nation, and much of it is owed to fracking. If you visit boom towns in north dakota, you might not get a sense of how much wealth is being created. Theres no saks fifth avenue, and the closester Mercedes Benz dealership is five hours away. But the money is rolling in, turning modest ranchers and farmers into shaleionaires. This is north dakota, population, 74, in the northern part of the state where farmers like mark eked out a living for days, but its town like these where the real money is being made. The reason, ranchers and farmers like mark are signing leases, allowing drillers on their land. And that has big checks every month. I can quit, and its not a worry every year that i have to make payments, and thats a financial weight that has come off of our shoulders. Inned ins balkan region is behind text, turns out 2 billion in royalties to private millionaires each year. Shaleionaires, there have been a lot of them created from this. They are likely shaleionaires but wont admit it. Hey, thats good. Or reveal how much their monthly royalty checks are worth. Its a big check. Expect. Yeah, we never expected that. To get an idea, consider this. He has the million rights of 1,000 acres of this land, and shale. During the peak years, they were giving out 40,000 checks per acre, and sometimes higher. This is north dakota, so dont expect too many signs of wealth or extravagance. Im building an addition to this barn. Culturally, its not showy. In houston, you see two bentleys and a roles, and this ised in in the. They wore flats and jeans, and you would never know. Only one quarter of them own their own mineral rights, but for those who do, the opportunities cash. It has gotten a lot easier. We can have just about anything that we desire. But we dont really desire a whole lot. Real money, and for some. Its a wonderful treat and gift. And you still pay tax on it, and its a wonderful income, but it has been beneficial. Those payments are growing. In 2010, the royalties came to 18 of the revenue that each well produced the. And last year, as they matured, the companies were paying 20 . And despite the new found fortune, there are big concerns. I know what it has been for my wealth, and it hasnt been nice. We dont drink our water here, we cant. Concerns about water and air pollution loom large here in north dakota, especially with gas flairs like these burning day and night. For all of being created here, theres a lotting created. A lot of the natural gas comes up with the oil. But because north dakota doesnt have enough pipelines to transport that to market, a lot of it is burned off. 1. 4 million of natural gas goes up in smoke here each day. Pipelines, that takes time. Energy companies are looking to build more of them here, and that can generate more royalties for mineral owners like mark. We just have a lot of stuff. But as mineral trucks roll down the road, even those cashing in are hesitant when they talk about the longterm effects of the energy boom. If you accept the money, you have to take the consequences too. Aljazeera, palomar, north dakota. David flynn is a professor of economics. He estimates that the size of the labor force in boomtowns like willisten, has increased by 5 every month for the last five years. Joining me from grand forks, north dakota, good to see you. Thanks for having me. There are a lot of people, and we profiled them on aljazeera america, who complained about that. And you are one of the guys getting the royalties, and some are not lying whats going on. Whats your take on it. I think theres a change in the lifestyle of whats brought on, the change in the economy of Western North dakota are a drastic difference from the past 20 years before the oil boom. If they like their lifestyle, it has drastically changed, but again, as your interviewer said, if you take the money, you have to accept the consequences. Whats interesting, when you cover the story of fracking across america, you have some ranchers and farmers and they are happy. And some say that its polluted the water and causing earthquakes, and this fellow here, he said i cant drink my water anymore. And its almost like they have accepted that thats the consequence of it. I think thats true for a lot of people in Western North dakota. Those who didnt like the lifestyle change, many of them older americans, have moved out of the region and looking to relocate to other areas. Whats the way to sustain the economy like this. We have seen it in other parts of the country, in eastern ohio, where theres the new found riches, based on oil or natural gas, how do you sustain that . Will the oil boom sustain it, or can they diversify into robust economies . Hopefully they will diversify into robust economies. Energy sector is fickle on its own, and dependent on the price of the manufacturing, construction and broadening of the portfolio in the area. What is the danger when it comes to the heavy production of oil and natural gas in america . Were producing so much of it, and well be able to export it shortly, and the price has to be high enough for all of this exploration and digging to go on, and yet americans are saying, if were having this boom, shouldnt the Energy Prices come down . Thats not likely. I dont think it will be the case that it will come down. If we open up to the foreign sale of oil, were going to see the prices rise. Were going to see them go up. You saw the west texas futures go up today, just because this is under research by the obama administration, and so Oil Prices Going up at the curbing transfer station will transfer into oil prices and products going up across the board, whether it can gasoline or other uses. You see the conundrum, theres environmental damage, and my prices arent going gown, and why would i want to sign up and with support the energy boom in america . I think thats true. Some are gaining, and as you pointed out, there are people who were gaining, and wilson, north dakota, the town with about 37,000 people, which is onethird of the level of fargo, ahead of fargo to sales and purchases, to 3 billion in 2012. Thats what they call them boon towns for, i guess. David flynn, all right, tomorrow, as part of our indepth look into fracking, ill tell you about a battle brewing about the the service, its about water, they have it and theyre willing to pay the price to get t thats tomorrow on real money. You know about the right to bear arms and remain silent. And add to that. The right to be forgotten on the internet. And can money buy you happiness . The stream is uniquely interactive television. 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. America mobile app, available for your apple and android mobile device. Download it now pricy advocates are claiming a huge victory today. The highest court in the European Union ruled that in certain cases, google must remove links from a persons personal information on the web if asked to do so. The group said that it validates individual privacy, but others say that google and others will get swamped with demands from users. This ruling has given individuals the right to be forgotten, or at least forgotten by google. In the internet, it makes perfect sense. You and i probably have many things from our past that we wouldnt want turning up. But its pretty difficult to enforce this up close. This rulin which cannot be appealed, forces google to come up with information for requesting removed from the Search Engines results. In this case, a spaniard wanted outdated information about a propertying auctioned off and he said that he paid that debt and the information listed was outdated and embarrassing to him. Google said that it was legally published in the newspaper. And it shouldnt be responsible for censoring that information. And now google is responsible. Google has to directly examine the merits of any requests like this from now on. Google will take down information that will open you up to fraud, like Social Security number, but what is or isnt accurate. Can you committed a crime and your record was expunged, can you go in and ask to have it removed . We dont know. It shows how massively important that google has become and we can fuse it. They were treating it as if google is writing this information and putting it on the internet in the first place. Sometimes this is true, but the newspaper who listed the debt has that story, and its still online, but its just that google linked to t it seems were beginning to confuse search results with the information connected to it, and googles responsibility as the middle agent in that transaction is growing bigger every day. Jacob ward in france. Todays ruling is bad for google but good for Human Dignity. They help businesses and Companies Control how they look online. Michael joins us from stanford, california, and we talked about so many major important issues, that are kind of an expert for us on the show. But this is in your wheel house. You run a Company Called reputation. Com, that helps people fix their reputations online. I do. And its going to be good for my company, to help people overcome cases. I just happen to stand for the proposition that what is done. I love the summary given by our correspondent. Its very good. Up to today, copyrights, up to today if you own a photo or document, its much more of a protection to your privacy and Human Dignity. And all the court is doing is giving your personhood the same protection. Its a very very big boon for people. Its bad for google. Google profits from the misery of others when it surfaces content that people are searching for line. And all this does is give people the modicum of control. Private information, and say, this is who i am and this is how i deserve to be understood. It probably will not affect politicians or people convicted of crimes, and in fact, i would oppose that, but it does photograph on sally, who is photograph and under wear that showed up on camera on the internet no longer has to be the first thing that people will see when they look her up online. So im all for this ruling. Now, its going to take a decade for people in different courts and states around europe to figure out what the contours are, what the limits of a Public Interest topic is, which is protected under the court, but it does put a certain own us on google to live up to its responsibility n. The same way that they have been living up to law. But will this ever make the turbulent trip across the atlantic and in america, where we see the First Amendment and free speech very different than europeans do . I dont think this ruling will come to the u. S. I think that it will ultimately affect Companies Looking to do business in europe and the new google will probably prepare for europe. But companies doing business in europe will have to think about differently. This is not about free speech. Theres a group of academics out there saying that this is the end of free speech. They said the same thing about the copyright law. Theres a lot of material online. And ten years from now, there will be academics who think that this is the most important day in Human Dignity and privacy since google was founded. I have to tell you. Reasonable people can understand that certain content is not created equal to other kinds of content. And google does not get to decide anymore what the truth is. Google is not the first amend. And not god and not the truth. Its a terrific machine, but its just a machine. And the machine keeps making money, even if those outdated alacious bits of information were removed. Thats not the core of its ability to make money. Google mints money. Under the current law in europe, if someone prosecuted in a civil case in europe for liabling you, and had to remove from their personal web page a certain comment that was liabling you. If google had mirrored that comment somewhere else were still finding it. That defamation would continue forever as a Scarlet Letter around your neck, though a court had already proven that the allegation was false or specious, and this is just allowing the law to catch up to what we think of as common sense. This is not a bad day. A lot of guys would say its a return to stalinism, or free speech, its bogus, and the biggest truth that google has been able to pull off, is somehow to get people to think that theyre equivalent to free speech. In fact, i spoke this morning were the senior person of one of the largest Newspaper Groups in europe and they were delighted with this ruling, and why . Because they were requested to remove stories very hurtful to them after they were exonerated. They said talk to google. Well, im supportive of the Newspaper Group keeping up with the document forever, but not of google itch. Were not expunging all stuff from reality. Just from the search. Great to see you michael, ceo of reputation. Com. We all know that money cant buy love. When i come back, the latest research about money, happiness and your personality. These protestors have decided that today they will be arrested these people have chased a president from power, theyve torn down a state. Whats clear is that people dont just need protection, they need assistance. Its a generally accepted idea, collect experiences instead of stuff. Forget the far ari, but spend the money on a trip that you love. But other researchers say not so fast. They say for some people, particularly those who buy too many things and experiences already, experiences will leave us just as empty and unfulfilled as buying things. For these people, its critical to buy the right experiences, the ones that mesh with their personalities. If youre a baseball fan, a trip to the museum probably wont cut it. But when it comes to the obvious, it pays to think before you spend. And in the end, money only goes so far. As those famous common mists, lennon and mccarty once sang, money wont buy me love. Aim ali velshi, thank you for joining us. Nn this is al jazeera. Hello and welcome to the al jazeera newshour. Im Martine Dennis in doha. These are the top stories a massive rescue operation to save hundreds of trapped minors following an explosion that killed 200 in turkey. Quitting, but Lakhdar Brahimi hints at an iranian plan to resolve the conflict in syria. Ten soldiers die during an