Bravehearts robbed to lead to independence with scotland, they are looking at whether or not to go it alone. What makes sense . Aljazeeraljazeera ali velshi, as is real money. This is real money. And you are the most important part of the show. So tell me whats on your mind at ali velshi. Israels military obvious in gaza took a pause today with a temporary three day ceasefire taking ahold. Israeli troops pulled out for now, and hamas infaxes held off their rocket fire against israel. This laws to begin in cairo. Talks brokered by the United States and its regional allies, and many are cautiously hopeful for an end to the hostilities. 900 palestinians have died in the conflict, most of them civilians, and 67 israelis are dead mostly from the military. Meantime, the damage inside of gaza is substantial. With reconstruction for the palestinians running as high as 6 billion. And the United Nations puts the number of people displaced by the fighting at 520,000. Thats 29 of the population of gaza. Palestinians say 100,000 new howing units will need to be built to replace the homes destroyed by the shelling. Electricity is being rationed because israels Bombing Campaign hit gazas only power station. 2 3 of the residents have been affected by the water and sewage infrastructure. For more on the dire situation on the ground, we have this from Nicole Johnson in gaz. Untreated sewage is flowing into the mediterranean sea. People go fishing and dont catch of. They to try, kneedeep in filthy water. The smell is terrible. Maybe it stinks in the sea, but what can we do . I want to help my family survive. And we need to eat. Even when gaza isnt in the war, it doesnt have enough electricity or infrastructure to help all of the ways produced by 1. 8 million people. And now its worse. The pumping it station was bombed and a pool of untreated waste blocks the road heading north. And the overflow runs to the sea. For the last two weeks, 30,000 cubic metres of raw sewage a day has flooded into the streets in northern and central gaza. Were not able to bring the sewage down to the facilities. So the sewage is now in the streets, and its flooding in the near benefit areas, and [ unintelligible ] reporter in shoddy refugee camps, on the sea, waste water strickles through the streets. Interpreter now its here all day, and i cant describe how bad it smells. Im afraid its oven more than us. It was a problem before the war, and now its worse. Reporter if that wasnt bad enough, mounds of rubbish are getting bigger. 200,000 people have moved into the center of gaza city since the war started. Almost doubling the amount of rubbish produced to 700 tons a day, and all of this is ending up here in the middle of the city. The mainland fill site is in east gaza, in the middle of all of the fighting. Theres no way that the rubbish can be sent there. Gazas beaches are empty, its cafes deserted. And when the sea breeze comes n. The stench of rotting garbage and sewage drifts across the city. Nicole johnson, aljazeera, gaza. Well, negotiating a lasting it ceasefire between palestinians and israelis last name be easy. Am has and gaza, hamas will no doubt insist on holding on to its weapons, and israelis are holding out for holding on the land and air and sea blockade when hamas first seized control in gaza. There may be a new Palestinian Authority that has joined the palestinian unit government. If the israelis accept a stronger role for the Palestinian Authority inside of gaza, it could leave them room for their blockade. It might lead to gaza reconnecting with the palestinians on the west bank and boosting the economy little more. First, were getting ahead of ourselves, this ceasefire needs to stick with someone who has had a frontrow seat in the past. Daniel kercher was the ambassador to egypt from 1997 to 2001 under then president bill clinton, and then ambassador to israel from 2001 to 2005 under president george w. Bush. There are few people on the planet more qualified to it discuss was going on in the middle east and the u. S. Role in trying to broker both sides in the latest conflict. Ambassador, thank you for being with us. My pleasure, ali. Ambassador, lets talk about the u. S. role so far. Since 1998, the u. S. Has given 121 billion to israel. And 75 billion to egypt. And that was stepped up it after 1979. And since the mid 1990s, 5 billion to palestinians. And the United States is in this for 200 billion since 1948. It doesnt seem like a place that has been the recipient of that much aid. Well, we had some return on the investment, the egyptian and israel peace treaty of 1979. And since basically the madrid Conference Since the 1990s, the Peace Process has been stuck, and it raises questions as to whether or not theres a role for a third Party Mediator in a conflict where the two sides are so for part. This administration has tried hard. John kerry did engage in serious diplomacy, but ran up against a brick wall, and you have these bouts of violence, so its a very hard environment. What is it the role . Youve seen it in different incarnations and we have tried it in different ways. Is there a role for a third Party Mediator . Obviously for the palestinian side, they feel that the United States is not a fair broker on this, but clearly something needs to be done. Well, there definitely is a need for a Third Party Broker because the two sides have proven time and time again they can talk to each other but cant bridge their differences. The kissinger diplomacy and the carter diplomacy and the george h. W. Bush in 1991. They understood the two sides, and pressed them hard and offered bridging proposals and solutions and it didnt simply stand back. And theres a question of whether or not the administration is ready to do that. It looked like kerry was moving in that direction, but found himself blocked by the intransgenerous of the palestinians and the israelis. In your opinion, is it fair to say that the roadmap to peace exists . The different maps have been brought up and agreements, and in principle, at lower levels on both sides, and the real issue is political . I think thats true. Theres a mental map on the minds of the israelis and the palestinian side on the way this this could end. How you live with one capital for two states, and how you can allow a lot of the issues. So the population has a fairly good idea, at least a genital idea of how this ends. But the politics are so hard. The Israeli Coalition seems uninterested in negotiating and the palestinian politics are badly divide between fatah and hamas and the west bank and gaza, and you have the formality of knowing how it should proceed, but not being able to get there. You think about the next gen race of leadership. And you know that support in israel often runs strong for a two state solution until things like this happen. And in gaza, were creating a generation of people who identify israel as having destroyed their homes. Both sides the position strengthens among people. There is a will to find a solution. I was an ambassador, and there was a lot of bombing and a lot of taking of lives and casualties, and yet public polling showed on both sides a willingness to make compromises for peace, even as both sides are angry at each other and conducting military operations. This suggests a path forward. But a Strong Political will, and i would suggest a political will on the part of the americans. We have a lot invested in this, as indicated at the top of this report. And we ought to be able to do it. And frankly, the idea that the gazans would have something economically to lose to continue this, or economically to gain to stop it would be helpful. Estimates are 7 billion in a from a structure damage in gaza, but we saw what could happen to gaza. Is there a real sense of being able to something of a viable economy . Because i think that would contribute to success. Well, at the moment, theres significant donor fatigue. Donors have rebuilt gaza time and time again, only to see their work destroyed. So there has to be some political context, to give the donors the sense that the investment is going to pay dividends. If there is that context, in other words, political will and some kind of framework, then yes, gaza has the framework. They are educated people. Good beaches in terms of tourism and agriculture, but it needs the political agreement to not simply have a ceasefire. Thats going to be the challenge both for the military side of this. And also to get the donors interested in rebuilding this economy and this society. Daniel kercher, thank you for being with us. Thank you, ali. Coming up next, the true cost of the countrys wealth gap. Well examine a report that said that its hurting the Economic Growth. And the 401k. Were not getting what we bargained for. Why some companys plans are better than others. Real money continues. Leaders arrived in washington for a threeday summit, hoping to attract more business from the United States, and they zealanded. U. S. Companies say they are pledging to invest 14 billion, 14 billion in africa in areas such as energy and infrastructure. For example, the Cocacola Company said that it will invest 5 billion with african bottle ling partners, and ibm will send 2 billion into the region over the next seven years, and president obama is committed to investing 33 billion in africa. One of the issues hanging over the simultaneous summit is the ebola outbreak. Two missionaries are in atlanta being treated for the disease, the First Americans to be treated in the United States. Theres no cure for the virus, and doctors are giving the pair experimental treatments. Our Technology Correspondent t. Jake ward joins us now, and jake, there has been a lot of information, and possibly some misinformation on what these drugs are that these two doctors treated in atlanta are being ditch given, and what can you tell us . Its an interesting issue. Because ali, on the other hand, ebola could be an easy thing to cure. It was discovered in 1976. But only 3,000 people have been infected by it in the four decades that we have known about it, and those are People Living in the poorest countries of the world. Its not a target market for a pharmaceutical company. So the little money being thrown at have come from military money, mostly as fighting ebola as a bioterror threat. But its not enough to be a widely available vaccine. Is there a chance that theyre treading with a drug in the United States, and theres a canadian company, a publicly traded company, and a single drug company. Is there a chance that these are real drugs. Its perfectly possible that this could be happening, and everyone is excited to say its a miracle cure. But well never know. The drugs that they were given have only been tested in primates, only eight monkeys in total. And until you set up a control group, you never know. It looks promising and it would be exciting if it worked but no one wants to throw the money at this, aside from a little bit of bioterror money. To make a leap and spread it around in africa like you would need to. Jake, were getting ahold of Russian Hackers who got ahold of 1. 2 billion passwords from major companies, and what do you know about this . It was companies in kazakhstan, they know each other personally or have a club where they do this. And its sort of the death of the password. A lot of people have been predicting that you need to do away with the maim and password. You could just as easily prove your identity in the style of playing a certain simple game that in the future, you log in by playing tictactoe, and they will know by how you move the mouse who you are. Jake ward, joining us from san francisco. Standard and poors today, voices warning that the growing income gap in the United States is hurting the countrys Economic Growth. In a report out today, s p economists say that the drag on growth from the Income Committee said that its one reason that they cut the 2. 8 annually. The report said that in the runup to the great recession, less affluent households narrowed the gap to watch up with the joneses if you will. And it leads to boom and bust cycles as people cut debt after the bust. And it says that it hurts spending in Economic Growth because the rich have a higher savings rate. And american brokers are lagging behind advances in technology because of a lack of education. It says that education gap is the main reason for the growing income divide, affecting net wages and overall worth. Why shrinking the education gap is a better way for raising income than taxes, good to see you. Lets put aside whether or noting greedy, what do we think about an income gap . Some think that its unfair, but were talking about a fact that its dangerous to the economy. Youre talking about the fact that the economy would do better if there was less of an income gap, and why. I want to be clear, in terms of income inequality. Keep in mind, the distribution of income across levels is a natural part of the market economy, and we need that in aence to encourage us to invest in ourselves and thats a good thing. But the problem is when it goes to extreme levels which i think that the u. S. Is actually approaching. Why is that . Because when it reaches extreme levels it excludes a lot of participants from the economy. People not getting paid enough, who arent able to get the income and put the money back into the economy, and what they end up doing, how did they get by before . Loadinloading up on a lot of de. If your income does not allow you to buy the things that weakier people can buy, you catch up on detect and our economy and the banks kind of encourage this, and you get yourself into a problem where this recession comes along, and youre too in debt. Its unsustainable. The booms and the gusts, and thats one of the problems. Because the people in the low income bracket, if they dont have and it in the high, they can save a lot more. I want to point out, some sort of income discrepancy is fine, and its essential to the economy and it creates essentials and lubricates how we think of our economy. Theres no real agreed upon measure of whats too much, whats too little and whats enough in terms of income quality. Nobody wants to agree, but there were a couple of studies by the ims. It means that everybody has the same amount. And one person, one household has it all. So normally, around a certain low level. But what this report said, when you hit. 45 , i guess i could say, thats when it gets to that unacceptable zone, and the u. S. Is approaching 4 had the 4, so were getting very close. Is there a prescription to deal with that . Everybody is trying to fix it at the market level, or i spoke to bob shiller who said maybe if we agreed on a measure, we could deal with income tax variations and when things get out of control, we could adjust them back to normal. There are a lot of proposals, and its becoming very very talked about because of the great recession, which i think part of it was due to income inequality. And one proposal that i found near and dear was education, and i mentioned a couple of reasons why the income inequality hits. It just doesnt hit the current generation, but the future children. Poor children, the bottom 20 perfection of the income earners, if they dont do to college, they have a 50 chance of staying in that low income gap. Let me show you a graphic that indicates what happens. You are suggesting that at the current path of education, this is the longterm growth 2345 youre predicting. If we added a year of education, youre saying that we could get well into the 3 range. And tell us about that. There are a lot of people, a lot of kids that arent going to school, and thats hurting want u. S. Growth. And were stagnating in terms of College Degrees in the United States. And i asked myself, what happens if we gave everybody, the Workforce One more year of education to add as a supplement to what they have. Its not just good for people and their pocketbooks, but its good for growth in the United States. People earn more and consume more . Not just that, but productivity. And they are educated and have more knowledge about how to respond to businesses and such, and that means more productivity and growth. What you have up here, it adds about 2. 4 to gdp growth in 5 years, and thats about 525 billion, and thats enough money that uncle sam would like to see as well. Thats worth thinking about. Beth, thank you, the chief common mist with standard and poors. Coming up next, student debt loan. It is carried by a lot more people than the students. All this week, the idea that they have changed. The policies, one of the factors involved is the soaring amount of debt for americans. Someone who is, you might wonder how this possibly affects you or the broader economy. Well, thats the very question i posed to steve rizzuto. Heres what he said about why rising student debt parties to all of us. It slows down household formation process, and it slows down a lot of decisions in terms of the u. S. Economy. As you mature through your age, you tend to move into further and further consumption patterns. You move through college, consumer related goods, to housing formation and investment spending and basically Human Capital of your children, and that hits another range of spending, and by trapping people with this consumer detect, youre not allowing them to take those next steps because they cant migrate from one step to the other. And it delays the spending problems. And the answer, people on the show who have had kids who have delayed their education, or scared to go to college because they do not me what theyre going to do afterwards. Thats not the answer because you needed College Education to make sure that youre employed. And you need a College Education to sell cellphones at most retail out lets. College is the new high school. It used to be in a when we were growing up, you had to go to high school and get a job, and now you have to go to college. So if youre saddling people with an enormous amount of debt, you are going to saddle them with more in graduate school, and they end up being on the backburner of how they can mature with lifestyle spending to keep the economy moving in a forward trajectory. By the time theyre 50 or 55, and they have to pay for their own kids education, they may not be far enough ahead. So were not compromising the next generations education. Without a debt. You wind up slowing the population, and the birth rate and the household formation rate. Until you get to asian companies, in the situation where young people dont want to get married and dont want to have children and dont want to buy a home or a car. And then youve delayed the process completely. And then you get into the deflation ear spiral, which is the death of an economy which has generated someone on debt. The economy, economic groat we can boost out of that, and were okay, but the student debt is harder, whats the solution . Well, its a huge problem, and the federal government is dealing with it the way it can. And its saying to individuals, were going to pay. Its extended onto the end. And youre going to pay. The federal government doesnt want to eliminate the debt. So the reality is you want to generate high paying jobs. And this gets into where tax reform is necessary, and Structural Reforms are necessary, and the education process where you bring back those jobs, and to the extent where you bring back education where its not an up sell process. It is youre paying for the education, and not for the Student Center and not for the pretty housing and not to live in downtown manhattan, youre paying for the education. Some people say that this education debt bubble is going to burst and its going to be bigger than the how doing bubble. You dont sayer that view, its not as big. No, its not, because at the end of the day, the federal government is on the receiving end, and they have a vested interest to make sure that their constituents will continue to vote for them, so they will find a way to extend the process out. The problem is that the housing bubble on the Banking Industry, and basically, the federal government had to bail out the Banking Industry and that accelerated the foreclosure process. Were going to continue our new normal serious tomorrow, when steve explains why owning a home is no longer a direct path to the american dream. Can you catch it here tomorrow at 7 p. M. Eastern, 4 p. M. Pacific. If. Matchmaker matchmaker make me a match. Its a crucial part of a 401k retirement plan. Who is giving them the most bank for the buck. Stocks took another dive on tuesday after mondays slight bounce back. Some traders blame a warning by a polish official about the possibility of russia invading ukraine. Whatever is behind it, the dow jones dropped 4 10. And the s p dropped 1 , and the nasdaq dropped 7 10 of one percent. It was the worst week for the s p 500 in two years, and it wiped out mondays rebound for the year. The s p is up 3. 9 . And the dow is down 1 . Investors are also worried about the Federal Reserve raising Interest Rates sooner than expected as Economic Data includes, but some say that the trading was magnified by low volume and other news. Stocks are up and down because of the money that we contribute to 401k plans. The Retirement Savings plans that many of the employers offer workers that have replaced pension plans. Its not just the investments in your 401k that will determine how much you end up when you retire, but fees get a portion of your return. The maximum contribution that many make to what their workers put in a 401k. Check this out. Say that you start at a job at 25 years young, making 50,000 a year. And your salary is raised annually by 3 perfection. And at 65, youre making 63,102. Lets say that youre making an annual contribution for your age group. 5 perfection. If you worked at conoco phillips, you would have a whooping 1. 6 million at the age of 65. But if you worked at whole foods during that same period, you would end up with just over 730,000. Whole foods doesnt seem like the healthier option first of al and the big reason is the matching policies. Here to tell us about the plans, carol, and good to see you, thank you for being with us. A lot of companies during the financial crisis pulled back on their matching and that said, i dont know how many people i know make the employment decision based on that. But its crucial though. Its very crucial because its going to determine whether you have a comfortable retirement and very few look at it the details of the plan, which vary all over the place. Da to the plans, conoco phillips, and is it industry driven . Are some Industries Better than others . Yes, they are. Energy companies are cash rich, and they have a tradition of pensions, and therefore, they tend to fund a large percentage of what you need for a comfortable retirement. Going lower and lower unemployment rates, this is going to be more more important. And do you sense that well see better deals coming from companies in terms of matching . I think so, as in some cases, employees start asking more questions, and theres more scrutiny and more pressure on them to be generous. We are looking at retailers, costco and home depot. And well run companies, and if youre looking for a job, they look good. But theyre at the low end of the scale. They are at the lower end. They weigh benefits, and theyre at the rising costs. Facebook was among the lowest ranked plans, and you looked at the full year 2012, and i believe since then, facebook has changed its policy, but facebook, amazon, oracle, yahoo, and all of these companies dont show up. And these are Companies Really in the game of recruiting and retention. Yes, but theyre newer companies, and in some cases they have given stock, and they havent paid as much attention. But theres a variety, because google is nowhere generous, and again, these plans are all over the map and employees need to ask questions. This examines the match, as we talk about the fees, and unfortunately, as we talk about it a lot, people who invest primarily in a 401k, you have no say in it. Yes, when the Companies Offer funds, and we credit for that, and we weighed a couple of other factors as well. There are companies that throw in an additional contribution, and a lot of companies that wait a long time to vest. If you leave the company within a year or two, you cant take the contribution, and there are a bunch of things that you need to think about. You evaluated seven factors across the board, and what should my viewer be thinking about this . Should you be going to the hr person, saying that this is a better one than we were thinking about, or going to a different job, really looking into the way that the 401k is structured . You should do both. And many employees are saying to their hr departments, we should be talking about this, and they are asking more when they go into a job, instead of saying, you get a 401 and you dont ask any question. In the last years, people were happy to have a job, and as the labor market gets tighter, these are good things to know. Well, it would have been the deal of the century. Last year, Rupert Murdock was set to buy timewarner for 80 billion in stock. But today, fox decided to abandon its plans to create the media giant. Most assume that murdock and company would come back with an even bigger offer, and apparently they didnt. Fox said in a statement today, that timewarner management refused to engage in talks, and after the market closed, shares of timewarner fell nearly 11 , while fox surged more than 8 perfection. Coming up next, its not as dramatic as brave heart. But scotts are determining whether to break away from england again. Can scotland afford to go it alone . Fans of the movie, brave heart, may remember what scotland won its independence, and scotts united with england to form great britain, formed of wales, england, ireland and scotland. Now, the scotts are considering independence again. This time it will be decided not by aristocrats or on the battlefield, but at the ballot box if a referendum next month. 50 of scotts plan to vote no. A key concern is whether independent scotland could benefit economically, but a decision today could tip the scales. Youll never take our Freedom Reporter in brave heart, 13th century scotts fought for independence. The evolution of scottish political theater as the leaders of the pro unionist campaign, the historic referendum that will ask scotts to vote, should scotland be an independent country. The independence debate has crystallized around the economic impact, such as keeping the british pound as the national currency. Resolving the currency between scotland and the uk would be too costly for them to go through. Westminster has ruled out a Currency Union between the uk and an independent scotland. We know that we have natural resources. On the future of growth, the yes camp ruled that independent scotland would reap the benefits of oil and gas production, and be part of the trade zone, while stimulating investment and creating jobs with an immigration policy to attract highly skilled workers, and maintaining a generous social welfare program. We get it right because theres no going back. The no camp counters say that the energy is dwindling, and scotland would further strain from the trade with the uk. And higher borrowing costs, fiscal deficits to compromise social welfare programs. But economics have taken center stage. Observers say that the motion will also be in play when scotts go to the polls. Its a cliffhanger. Its a very real and emotional feeling about the benefits of separatetism. But on the other hand, its the real worry of the reality of it. A cliffhanger worthy of brave heart. Freedom the leader of the Scottish National party and yes champion has said that scotts vote for independence, he will vote the membership into the eu as a separate state. But some members of the no camp say it wont happen unless scotland adopts the euro. Todays debate, the union campaign, it was televised exclusively in scotland and not broadcast in Northern England or wales or ireland. Scotlands independence, he insisted that the scotts remain in the United Nations. Here to tell us about the issues at state, jeff dyer, and he joins us with more. We have seep referendums in the past, and the yes side always promises all sorts of things, and the no side always threatens if you walk away, dire consequences will rein upon you, and the truth is that the truth is in the middle somewhere, and what is it that scotts, mott of them, want. Economic issues are at the center of the debate. Becoming independent and the pro Britain Campaign said that scotland would losing out quite substantially if it makes itself an independent. Looking at the analysis, a lot of it comes down to the oil prices. Because the oil in the north sea, most of that would come under scottish waters, and the thing that you look for oil in the next couple of decades, if you think that oil prices will stay high, an independent scotland could be a viable and prosperous country. And if you think that the oil prices will decline in the next couple of decades, things will be much tougher for scotland. If you want the National Project for the oil crises in the next couple of decades. In the ensuing month, as votes go, though the polling is showing a little bit of an advantage on the no side, what is the campaign looking like . Well, as you mentioned, the pro union side is ahead in most of the polls and has been through most of the campaign, but the polls are closing. The gap is narrowing, and the latest has 54 of scotland remaining part of britain, and 54 . But the advantage, the Pro Independence campaign, theyre offering changes with the pro union campaign. Its not always easy in politics to sell. Its much easier to say that youre offering something new and exciting and different. So there is the possibility that the gap will close in the coming weeks before the referendum next month. It could be a cliffhanger, and scotland has sought deflution, and they have achieved some of that. Is there a likelihood that they could get more powers, and that would be satisfactory to the scotts . Well, two processes. You have the referendum next month, yes and no on independence, and scotland votes no, the other parties offer more devolution to scotland. And a separate process will take place to try to negotiate that, with more power over taxation and spending with the scottish government, with more autonomy staying in britain. If scotland votes no, today disappear to some extent, would it not . If it disappears, it would offer scotland a slightly different arraignment, and if it didnt do that, its a strong backlash. Its a different arraignment, and its a stronger opportunity to make the case for independence. And if they lose the referendum, it will be off for a generation. The uk is a member of the eu and doesnt use the euro and whether scotland does is up for debate. The no side is saying if scotland votes yes, youll have to change to the euro and why is that such a big deal . What the Pro Independence people are saying, they want to keep using the pound sterling, and trying to show that independence is not scary, and it doesnt involve rupturing changes to life in scott land, its a sign of continuity. The main part of the pound and is it the foreign Currency Union with the British Government. They are saying that they would not accept that, and would not sign for an independent scotland. And if that happens, an independent scotland would have two options. It could have the pound, but a very complicated managing exercise with no authority over what happened in the pound area. It could join the euro, to be a member of the eu, and its not clear if the eu would and it could set up its own currency and that has all of its own risks as well. The British Government doesnt want scotland to be part of the Currency Union. Thank you very much for joining us, geoff. Correspondent for the financial times. Brownsville texas is a small border town, and its going to be a launching pad for the space business. Selfie and hashtag are no longer in instagram. Scrabble is it adopting them, as well as thousands of other worst for their fifth edition of the dictionary. Many of the newest editions come from pop culture, and players will be able to playimo and bling. Awesome, right . A small town in texas, he is used to seeing stars, and he will announce that he will establish the first commercial launch sight in brownsville, texas. It could be the next rocket city. The space x is expected to bring 100 million into the local economy, and hundreds of skilled, high wage jobs. Joining me is the mayor of brownsville, Tony Martinez and thank you for being here, and were you expecting this to happen . Well, we were hoping it would happen, and we have been working hard for the last 3 and a half years in trying to make this happen. As much as we were optimistic, we were cautiously optimistic. What made the case for south texas and for brownsville . I think that the Team Brownsville came together in a fabulous way to try to bring everyone together in the community. We had two hearings where we had more than 500 people attend. And they were overwhelmingly in favor of this particular project. And that was impressive in itself. You have to be happy, in brownsville, the texas border town getting into the debate for other issues. Im excited this is happening. We have a lot to offer in south texas, and in particular in brownsville. So coming into an Aerospace Industry does wonders for us. Lets talk about what happens when space port usa is put out there. Its going to require . Infrastructure. All kinds of people coming in, and what kinds of things do you envision as a result of this . Well, im hopeful and i think im probably on the right track, but there will be a lot of Manufacturing Activity going on, and well have a lot of engineering and science, and our students will have the opportunity to stay home as opposed to going somewhere else to get hands on education, if you would, on the space industry. So besides tourism and all of the things attendant to it, i think the real core of the deal is the science. There have been a lot of local boosters, wearing tshirts like launch brownsville and transforming destiny, and i hear rumors that you have an occupy mars beach towel hanging in your office. We cover the stories like the miami tunnel, and there are always people in the city who dont want this. Are there people in brownsville who say we dont need this hassle . There may have been one or two naysayers, but the majority, the 99. 9 are behind it. And the occupy mars is an exciting thing for me. Mayor, we wish you the best of success, and congratulations on this. And i look forward to coming down to brownsville and reporting on a launch down this. Please come down quickly toy. Earlier in the show, i told you how Rupert Murdock with his bid to time warner tacked on the press release with a note saying that he planned to spend 6 billion next year to buy back fox shares on the open market. These socalled buy backs have taken off in recent years. Spending an estimated 211 billion to buy back their own shares. Now, there are two reasons that companies typically do this. One is to eliminate the shareholders trying to grab a stake in the company. And for more reason, to pump up the stock. And this maps because of the law of apply and demand. More that the company buys back, the fewer shares around for the public to buy. If demand is the same, the prices will go up. Theyre key factors that the Company Looks at. Most shareholders like stock buy backs because the value of their holdings usually increases but some stock analysts question whether its a good use of a companys money. Some firms go into debt for their buy backs, and other companies dont do a good job of timing them. Many enter the market when share prices are high instead of waiting for a dip. You should know that stock buy backs are a tool of financial wizardry that Companies Use to artificially boost their share prices and earnings numbers. What counts is follow through, and Research Indicates that Many Companies dont fully follow through on this. Thats our show today. Im ali velshi, and thanks for joining us. Hi, every. This is aljazeera america. Im John Seigenthaler in new york. Insider attack. A u. S. General killed in afghanistan. How a man believed to be an afghan soldier opened fire on high ranking officers. And a truce. 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