This is real money. Youre the most important part of the show. Tell us whats on your mind by tweeting object at facebook. Americans who forget the meaning of the words volatility and correction are getting a refresher course big time. Today, the Dow Jones Industrial average fell. 7 of 1 wiping out owl its gains for one year and the tech heavy nasdaq falling 2 while the s p 500 fell 1. 2 . Its rooted in questions about the health of the global economy, and that has the potential to affect all of pups well talk more about that in a moment, but first, lets talk volatility. The s p 500 holding retirement plans has moved six times so far in october, including today. That is a lot of ups and downs and it is in sharp contrast to the nearly two months without a move that big that ended in july. Some people have headaches and whiplash. Lets put this in perspective. The s p 500 up 3 this year and it is up 78 in the last five years. It hasnt had a decline of 10 . Thats whats known as a correction, since 2011. That has some market pros saying were due for another one. One stock market sector thats taken a beating lately is energy. Theres no mystery why. The price of oil has been dropping. In fact, its gone beyond a correction and this week fell into bare market territory, meaning its declined 20 from its peak in june. The reasons for that is complicated, one is good, americas Oil Production is surging, thanks to the fracking boom, but the other reason oil prices are falling is theyre slowing Global Demand for the commodify, adding to fears that the weak Economic Growth outside the u. S. May hurt america in the long run. We have the story. From berlin to beijing, big economies are hitting the brakes. This week evidence surfaced a europes powerhouse, germany, maybe skidding toward a recession with factory output and exports posting their biggest monthly drop since the depths of the financial crisis in 2009. Europes stutter echos the experience of japan, which has been stuck in a deplaguesry track for nearly two decades and where the economy contracted more than expected in the Second Quarter of this year. Growth in emerging markets is also deaccelerating. China saw monthly electricity output a bell weather for Economic Activity fall for the first time in more than four years, while its Monthly Industrial production slowed to its lowest level in nearly six years, part of a steady slow down that dampened chinas demand for commodities from countries like brazil, which slipped into recession earlier this year. The slowdown prompted the i. N. S. To downgrade its look for global growth. The United States is expected to remain a relative bright spot. This Slower Growth in the rest of the world slow our growth somewhat, yes, it does, but does it cause a recession in the United States, the answer is probably not. Thats not to say there are no risks to the u. S. Economy, a growing concern among Federal Reserve policy makers is that as the dollar strengthens against currencies from struggling economies, it could hurt u. S. Expirates, making them for expensive. Aljazeera. U. B. S. Chief economist said not to worry, dont expect economic weakness overseas to weigh much on americas recovery. He joins me now. Welcome top dont worry too much . We look at everything happening, everything in the story, you think how can we stay strong here, how is that possible . First of all, compared at a the rest of the world, we dont trade as much, so that trade is a smaller part of our economy. More importantly, theres some strengths that we have domestically that are very important. I think the younger generation, millennials are going to spend money. Theres a lot of pent up demand for basic things like marriage, having babies, buying cars, buying houses, theres plenty of pent up demand out there. Capacity utilization in the United States is getting back to normal, a pick up in Capital Spending is seen. In this recent international letdown, what has happened is that those Lower Oil Prices are putting money back in the pockets of american consumers. With the oil prices, then that goes to gas prices, so you have a lower price at the pump, less of your income has to go to fill your car. Are people really going to spend that extra income, are they not going to save it . Do you think the discretionary money gets put back in . The people strapped for money are going to spend it. Do you think that will help retail seals, retail spending will get a boost . I think its good for public confidence. As you said earlier, only about half the public is involved in stock market, but just about everybodys involved with gasoline. What you are strapped for cash, it has something to do with the stagnant wage growth weve seen month after month. Do you see that ending soon . Do you think that the slack that we have now in the labor market diminished enough that we can actually see wage growth . I expect to see better wage growth, wages are what economists call a lagging indicator, unemployment go down first, then wages pick up. We are seeing recently a big pick up in job openings, meaning the demand for waiver is outrunning the supply. Were very near a period where the wages do start to accelerate. When you look at everything happening, you think that were ok here, that we are in better shape, going to remain strong. What would you if you saw that, that would be a red flag to you . Well one of the things that we track very closely are exports. We think theyre going to slow down. We dont think theyre going to crash. For the most part, the United States isnt that dependent on trade. At some point, the rest of the world could because weak enough and through the export channel, that would have more of an impact on our manufacturing. It looks like weve got Slower Growth in asia, china excuse me, japan going back to stagnating again, europe stagnating, but this extinguished between stagnating, not going anyplace and really going downhill. I think were in a world where we had hoped to have growth and were seeing some stagnation, but were not really seeing recessionfine weakness in asia or europe. Is there anything that the that you can see from the fed that could be concerning you with earnings, because were coming into that, as well, so just want to preview those. Earnings still should do pretty well. We will see wages pick up and see squeeze on profit margins, but it didnt happen over the summer. Thank you so much for coming in. Coming up, the men and women on the front lines of the ebola crisis, sending workers to places youd probably never go. Citizens take a stand against fracking for oil and gas in the last place you might expect. That story and more as real money continues. Keep it here. I lived that character a hollywood icon Forest Whitaker my interest in acting was always to continue to explore how it connected to other people making a difference what is occurring in other places, is affecting so many different ways. Inspiring others we have to change those things, in order to make our whole live better every saturday, join us for exclusive. Revealing. And surprising talks with the most interesting people of our time. Talk to al jazeera, only on Al Jazeera America tomorrow, a horrific outbreak. The death toll from this epidemic could be much higher than anyone knows. The search for answers. 8000 people are already dead, mr. President. Who should answer for those people . Who brought cholera to haiti . So you dont have to explain yourselves . No. Faultlines. Al jazeera americas hardhitting, today, they will be arrested. Groundbreaking, theyre firing canisters of gas at us. Investigative documentary series. Watch the Emmy Award Winning episode haiti in a time of cholera. Tomorrow, 7 00 eastern. Only on Al Jazeera America. The death toll from the Ebola Outbreak continues to degree. The World Health Organization says more than 4,000 people have died from the disease. All but nine were in the three worst affected countries, liberia, sierra leone and again knee. The United Nations special envoy said the number of cases is probably doubling every three to four weeks and the response needs to be 20 times greater than what it was at the beginning. Here in the u. S. , details are emerging on how a dallas hospital treated a liberian man who died of ebola this week. We are live from the Dallas Fort Worth International Airport where a home land security meeting took mace today. Duncan had a high fever and still turned away. Was that the case and if so, why . Thats right. According to some medical records obtained by the associated press, duncan had a fever of 103 degrees and was in severe pain when he went to the hospital emergency room on september 25. He told the nurse that he was from liberia. They put him through a battery of tests, cat scans and despite that sent him home with a predescription for antibiotics and advice to take tylenol. It seems incredible in retrospect now. What do you think about duncans family and how theyre doing . Of course its a very differ time for them especially because they are still in quarantine. This is duncans fiancee. Her son and two others who live in the home are mourning this loss in isolation. They did speak through a spokesperson today, who said the family is finding some comfort in knowing that duncans death has brought greater awareness of ebola around the world, and notably that its motivated the United States to send more aid to west africa. Today, congress put a final stamp of approval on 750 million of aid going to those three west african countries. Youre at the airport and Homeland Security had a meeting on ebola there. Can you tell us more about what happened . There were two Major Concerns that were brought up at this hearing. First, when it comes to hospital preparedness, representative out of houston Sheila Jackson lee brought up a disturbing is your way in which 80 of nurses across the country said their hospitals have not communicated to them procedures about admitting potential ebola patients. Obviously that is of concern to the c. D. C. The second point they brought up is that these airport screenings that will begin starting tomorrow in five airports across the country, they say thats not enough. It doesnt cover the place where we are right now, dull less Fort Worth International where duncan landed. Committee members say these screenings should be more widespread. Talking about duncan and the fever and the fact that he was turned away, what are you hearing now from the hospital on this and any changes that could be in place. It seems shocking that a fever could be that high, that he would and tell them he was from liberia. They are saying changes have been taking place, exactly, for someone from west africa, the hole zone. The hospital released another statement saying they have made some changes in the admission procedures but didnt share those changes. Its very difficult to get answers out of them, because they have changed the story twice when asked for explanations why duncan was turned away. They first said he hadnt shared his travel history, which was false, he did tell a nurse that. The hospital said it was the medical records system that didnt communicate this information to the doctor and then finally, where we kind of leave all this this was left off, the hospital said the medical records system was working. Since then, they have said theyre investigating. Thank you so much. The case of Thomas Duncan brought home the need for hospitals around the nation to be prepared to handle the ebola virus. Robert ray shows us how some Health Professionals are getting ready. The passing of the first ebola patient diagnosed in america is a wake up call for hospitals and state Health Care Systems across the country. We are hearing from different clinical groups this week that they dont really feel prepared. They have more questions. They have concerns. For months, the c. D. C. Has been sending flow charts outlining ebola symptoms to 5,000 hospitals nationwide. Doctor, are you guys prepared for an ebola patient here in your hospital . Yes, absolutely. Atlantas grady hospital is just a few miles from the busy effort airport in the world, one of just a handful where passengers from west africa entered the u. S. The doctor says the hospital has been prepping for an ebola infected patient since early august, updating their Electronic Medical records system, so communication between staff is spoton. The doctor and hospital fully expect someone with ebola symptoms to walk through the doors any moment. We ask if they have symptoms that are concerning for ebola. Regardless of whether they have the symptoms, we will move them immediately to an isolation room. The screening process that intensified since Thomas Eric Duncan was sent home with just antibiotics after his first have it to that dallas hospital, exposing gaps in the communication process there. We just dont know enough about how the infection can be treated, number one, how best it can be supported. I dont think that theres anything that could be said about an earlier intervention that may have made the difference. When people hear that a patient went to the hospital in dallas and they knew he was from liberia and they sent him home with antbitation and it turned out he was infected with that its hard not to panic. Thats true. It release on the hospitals and emergency democrats and colleagues in Infectious Disease to have things ready he. The Ebola Response goes beyond the confines of emergency rooms. First responders in the field are a key component in communications. The triage operators are also trained in the right questions to ask so they can alert the crews, the paramedics and the e. M. S. Crews that arrive. This week, the c. D. C. Conducted specialized training for Health Workers on their way to the hot zones in west africa. This training may be expanded for domestic doctors and nurses in smaller Health Care Systems with less coordination in the coming months. Aljazeera, atlanta. A key line of defense are hazmat teams hired to decontaminate sites. These teams are often private contractors that generally hold insurance that covers workers should they become infected. Because it is a poorly understood virus, Insurance Companies are having a tough time assessing financial risk. Chief Safety Officer at boy yo recovery operation said the company cannot get covering for assignments involving ebola. First of all, what kind of have any assignments come up yet . Have you been engaged in any way to deal with ebola . We have been training for this type of issue that we could ever, weve done the anthrax in 2001. Were trained, right now were having an issue with insurance. What is the issue . Weve been insured since the founders started the company back in the early 1990s and always had insurance the entire time. During the anthrax, we obviously had to work with our policy and speak with our carrier. This time, they didnt want to hear anything about it, it was uninsurable. We went to several hundred carriers and nobody had what they called and appetite for this covering. Not a lot of appetite for ebola. Have you turned jobs down because you havent been able to get . Yes, not because we couldnt get insurance, but we could get it, but the cost wasnt there. It was decontinating an airport. The insurance carriers talking to us, the one were speaking to overseas in london and one in hong kong, both talking over 250,000 for the policy over a 24 hour period. To do a 10,000 job would cost a quarter million dollars. Probably not the best financial move for us to do. Got it. So you walked away from that one. We talked to brad smith, who runs the cleaning guys in dallas and dallas has been the site of a lot of whats been going on. They were the company doing some decontamination work in dallas. They said it has affected them in their work a little bit, because they did go and do this cleanup that existing clients dont want to work with them, because they have now been in an ebola site, but that insurance hasnt been a problem for them. Heres what he had to say. Our insurance is well aware what we do. The ebola obviously is new to us as far as our policy stating its ok to clean up ebola. You know, thats for us to work out with the insurance, but were covered from start to finish. Is that a different kind of insurance that theyre talking about, not specific on ebola . Its like saying you have insurance, yes, i have consider insurance. If you have a heart attack in your home, i have insurance, but it doesnt cover that. They have a policy most likely its a general liability with mostly 500,000 or limited liability. What you need to cover this is far exceeding that and outside the standard underwriting that you originally went through at the start. Got it. How you are going to get around this . We looked up according to government figures, hazmat cleanup workers earn an average of 18 an hour. I imagine to go and work at an ebola site, youre going to have to pay a lot more than that and probably have to sign a lot of waivers. About 25 waivers. 25. Ok. It is a process to get the volunteers in our organization to work on it. We have to put it, everyone goes in together and decides if they want to be a part of the situation or not. Once they sign the documents with counsel, they have to get their own representation. Once thats all done, if they choose to do it its a simple process if youre wearing the right equipment, its not a problem. Lets get to that. You brought the right protective equipment to the studio and ever james michelle, saved officer wearing the gear for us now. Tell me a little bit about these suits. Are these the same types of things you would ever expected to see in dallas . This is anyone who works with a highly toxic pat jen, bacteria, anything from anthrax to ebola, this is what you should be wearing. This is a class a suit, the high effort level they have. The governments entities stating its a level c. Minimal p. P. , a respirator and tie back suit. Hes wearing a completely different atmosphere. Whether he gets put together into his suit, that is what hes breathing in, a completely separate atmosphere. The cost . Probably 2,000 to 3,000. All right. Thanks so much. Thank you. Up next, antifracking protests are taking place around the country. Well take out to heart of texas when we come back. A growing number ever towns across america are saying no to fracking. Setting up clashes with Energy Companies that promise an economic windfall to communities that allow it. Theres one place in particular where you may not expect to see opposition to any drilling. Den to know, texas, a suburb near dallas is proposing a ban on hydraulic fracking. Residents vote on the issue next month. If it passes, den to know will be the first city in texas to take such a stand. You dont see many children playing outside. I feel trapped in my home and its absolutely not fair. She moved to texas before the industry came knocking. Whats going to happen if it explodes . You ever no idea what theyre doing precisely and they dont tell you. Denton, a suburb of dallas sits atop of barnett shale, one of the large effort gas deposits in the nation. It is also home to the most intensive gas Drilling Operations ever attempted in an urban area. Fracking pumps large amounts of water mixed with sand and chemicals into a shale formation to release natural gas. This is what residents are concerned about. In april, after a gas well blowout, homes were evacuated and flights diverted from denton municipal airport. Air tests detected 46 hazardous chemicals down wind. The same company that operates the gas wells near homes failed to report the blowout to authorities for hours, according to local reports. It never ends. Im never going to go to sleep at night and feel secure. People are taking things into their own hands. Home health nurse helped spearhead a petition for a fracking ban. We are producing natural gas, doing our share for the texas, United States economy. Were putting it in there. We are just saying do not frack anymore wells 187 feet from a chimed said bedroom. Her successful petition drive prompted the city to call a special session. For nearly eight hours, City Council Members heard from more than 100 people. I immediate you to please ban fracking. Its safe and i do challenge all of the anti energy activists. Shortly before 3 00 in the morning in a 52 vote, the Council Voted against the ban, deciding instead to send the issue to voters in november. The motion to deny is approved 52. One issue the council had to take into consideration is that in texas, mineral rights and surface rights are separate, meaning homeowners often dont own the minerals beneath their homes. Other mineral rights owners stand to make major profits in the shale boom. Trisha davis, a mineral rights owner made the trek to denton to testify against the ban. You know, one of the things that kept coming up at the Council Meeting wasall are going to suh. Le approximately, youll being the royalty owners will ever lost our property. Our property will have been condemned about f. A ban on fracking is passed. Voters will ever to make a decision on the ban this november. Aljazeera, denton, texas. Up next, the reluctant ally. The u. S. Is surging turkey to send troops to fight isil, but turkey refuses, even as the militant group is close to taking over a town opt turkish border. Well examine why turkey is so resistant to interesting the battle. My name is Shaquan Mcdowell im a 17 year old teenager. I go to a Public High School outside of the city limits of atlanta. Its 99 African American we do get a quality education. You know we have teachers that really care about us as far as the African American stereotypes, all the music they listen too is rap, they only use ebonics, they dont know how to speak proper english, theyve never read a book in their life, all they do is get high, smoke weed, no. Ive never been exposed to anything like that. Coming from a mom who as a single mother, had her first child at 16, who is the ceo of her own company, me being someone who is about to graduate, who is the recipient of a full scholarship, the stereotype is absolutely flawed. Did it ever cross your mind that. Being a single mother that, your children may end up like the statistics say theyre gonna fail being a single mom. Raising five kids, ive always said you guys, you be 100 the best that you can be i would like to run for the senate in 2032. Then it leads to the great big goal in life, to run for the office of the president of the United States of america catch more stories from edge of eighteen on Al Jazeera America no let up in the battle for the sir yep border town of kobane. More u. S. Led airstrikes pounded isil targets today. Still, syrian activists say the group controls 40 of the city. What could become a major development, turkish tanks are now moving closer to kobane. In the meantime are fears about what would happen to the kurds if isil takes over. Aljazeeras Stephanie Decker reports. The u. S. Led coalition has been active in kobane, more airstrikes have targeted isil positions in the town. The fight remains relentless and is angering the kurds watching from across the border. The real enemy is not isil, it is the president s government. We do not expect anything else from the turkish government, the turkish state or the turkish nation anymore because of their stand against this atrocity. International pressure is glowing, too. The United States has made it clear it wants turkey to step up militarily and now the u. N. Special envoy to syria urges turkey to open up the border. Our appeal to turkey to take some specific additional actions to stop the advance of isil. We need that because otherwise, all of us, including turkey, will be regretting deeply that we have missed an opportunity of stopping isil and sending a signal that that cannot continue. What is clear is that the battle for kobane is a fierce one and it is on going. Another point that the u. S. Special envoy made is that if kobane falls to isil, the group will control almost 400 kilometers of border with turkey. Isil is reported to have made further advances from the east into the city. There is no staking these sounds, it is a constant battle taking place street by street. To make matters worse, many forced to leave now watch helplessly with no idea of what will become of their homes. Aljazeera on the turkeysyria border. While the battle rages, a diplomatic dispute between turkey and the u. S. Continues to simmer. President obamas team seems to be coming up empty here. What is the main problem . The main problem is the fact that both the United States and turkey want the same thing, they wont Bashar Al Assad and his regime to leave damascus and leave nominal control over syria. The question is they want to do it differently. That is the main difference. Turkey wouldnt mind fit were done militarily, the United States is not willing to go that far. Turkey wants a no flow zone, buffer zone on its border, a secure zone. The United States considers that tantamount to attacking assads forces. General john allen is a retired marine general. President obama tapped him to go to the region and develop this military coalition. He and his deputy spent two days in turkey, came up dry with a promise to have more meetings next week. They want turkey more militarily involved as well as financially involved and one more ask publicly today, making no babies about it and want turkey to do this, a large air base in the south of turkey, a nato base, so far turkey has not allowed Coalition Aircraft to use that for attacks against isil. The United States wants them to do that, as well. Turkey isnt budging. On that key air base, they seem quite hesitant. Does that seem a place any strides are going to be made . A lot of people look at this and figure, we talked about this last night, turks are playing a coy game with the kurds, the kurds obviously a generationsold animosity between it is turks and ethnic kurds both inside turkey and without. They are standing by as the town kobane and others like it in Syrian Kurdish tesh atory are assaulted. Again, the main difference here is the way, the approach that the turks want to take towards the assad regime. They favor a much more muscular military approach to out of the them. The United States doesnt want to do that as a military or political matter. Meanwhile, we have iraq going on and the iraqi army is losing ground. What are you hearing from the administration about that . The administration keeps saying it is mantra the last several days as the situation in Anbar Province andry employedy and key iraqi towns deteriorate and isil marches ever closer to baghdad, the Obama Administration keeps fogg back on the one premise, we said it was going to be hard, take a long time. We said air power alone wasnt going to do it. Theyre relying on standing iraqi army who are losing these battles even with the air cover and airstrikes provided by Coalition Aircraft. Thank you so much for us tonight from the white house. There are reports of mounting frustration within the u. S. Air force that the air campaign against isil in syria and iraq is taking longer than expected and would be more efficient if pills were able to obtain more intelligence from the ground. A research sort at the massachusetts institutes of technology securitys studies Program Joins us saying it is important to extinguish the campaign in iraq from the one in syria. Why that is an important difference to make between those two . First of all, i should say that its not a surprise that people in the air force feel that we need to have more airplanes and more strikes quicker. Theres not a war or battle the u. S. Has ever fought where the air force didnt think we needed more air power and the navy more naval power. If we step back, these are very different conflicts. In iraq, there are boots on the ground, the government in iraq supports what were doing. Were able to use air power, which is very effective for some things, not effective for others, in an effective way. Iraq, because we are providing Close Air Support to kurdish troops and iraq troops, the Ground Forces, they are able to take territory when we he soften those adversaries with air power. Thats not the situation in air i cant. We have no Ground Forces in syria. Syria is opposed to us being there and they have an air Defense System and its a civil war, so i think we need to separate these two things an litically and deal with priorities. The First Priority is securing iraq. If we dont secure iraq, were never going to get any of this done and thats where we have to start. Thats where you think we have to start. I do want to talk about kobane and whats happening there. We heard that u. S. Airstrikes are not going to save it. Does that further imply that the airstrikes arent working . Not at all. The difference between iraq and syria, kobane is in syria. We have no land forces in syria, and airstrikes arent going to be as i said before, theyre effective in some things, like in the wide open desert where you can hit tanks. Theyre not effective fighting in cities and where the adversary can blend in with the civilian population. More difficult for it to ever affect there. Its had some impact, but its not going to save the day. What would save the day is if turkey stops just stake at it and letting it happen. Turkey has an authorization for use of military force, it has tanks lined up on the border, just sitting there and watches isis murder the kurds. If turkey, you know would intervene on its own border with its tanks, then we could address this problem. So short of that, would the fall of co pain, which some people say we are being prepared for by the administration and in washington, do you think that would be looked at as a set back to president obamas plan and do you think it would make them reconsider boots on the ground there . No, i dont think in either case. First of all, i think whats going to happen here, the turks are playing a cynical game. Theyre going to let isis and the kurds, you know, beat each other up. Isis is going to win. The kurds are undermanned and dont have the same weaponry. Once isis takes over, turkeys going to go in then and crush isis on its border, because it has a far superior military. I think theyre waiting this out for cynical purposes. Again, this is syria. We cant confuse syria and iraq and cant confuse the priorities. The First Priority is to get isis out of iraq. Get them back into syria and then syria is a completely different chapter. These things do not have implications for each other, they are vastly different. They are different, but do they have to be going on at the same time and how does the air force deal with that . The air force is doing the best i have the can and better than you would expect. This is not a mission that theyre especially wellsuited for. I think thats going oh youre going to see, if isnt going to happen all at once. Folks ever this urge to say lets send is a lot of planes and drop a lot of bombs and solve the problem. It doesnt involve the problem. I wish it would, but this is not the Syrian Civil War does not lend itself to a military only solution, nor does iraq. If iraqs government doesnt reform, doesnt become a better government than the maliki government, we can spend all the money and put all the troops we possibly can on the ground and it wasnt matter. The iraqis have to gone and they have to be able to fight their own wars. We can help them do it, we cant do it for them and the same is true in syria. Thanks so much. Thank you. Silicon valley is the cradle of innovation in america, the birth place of the technology that is changing our lives and now home total worst advice you will ever here on how to get a raise. The best and worst ways to get a raise, just two minutes away. On tech know, cars, the science behind. Keeping us safe on the road. Oh oh my god the driving force behind these new innovations i did not see that one coming. Tech knows team of experts show you how the miracles of science. This is my selfie, what can you tell me about my future . Can affect and surprise us. Sharks like affection. Tech know, where Technology Meets humanity only on Al Jazeera America you are forgiven if you are wondering what happened to your economic recovery. Since the Great Recession, the market has come all the way back and hit record levels and all the jobs lost during the Great Recession are back. Where is your recovery or put another way, where is your raise . Since 2007, the year of the recession officially began, Median Household Income is up 5,000. Perhaps it is time for the woman of the house to test her leverage and make sure shes getting her share of those record corporate profits. So how should she get it done . Well lets ask microsoft c. E. O. Its not really about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along. And that i think might be one of the additional super powers that quite frankly women who dont ask for a raise have, because thats good karma. It will come back. What . I dont remember wonder woman waiting and hoping for the best. I have a hunch women at microsoft who make up less of a workforce will be speaking up to change their chief executives mind soon. He has backtracked on his comments and in an employee memo saying he was inarticulate and insisting women should indeed ask for a raise. Here is another idea for any woman or frankly any man looking for a raise. Take your karma into your own hands, but dont take my word for it. I want you to check out the latest chapter in the story of the sabinos, a family weve profiled as part of our series americas middle class, rebuilding the dream. Deanne landed a new job, just passed her permit test, literally putting her behind the wheel and in the fast lane towards a raise. All you have to do is just to do and dont give up. I got my permit yay so excited took me long enough. I got up to number 43 and i failed, so i try again. Ill be ok. See, theres my permit, class b. See . You did it, amazing. Very exciting. Thanks to phil for encouraging me, which was hard, because once you got into the habit of a job, youre afraid to move on and get out of that habit. That was a big step for me. You deserve all the credit. Thank you, phil. Now that i got my class b. Permit, theyre going to start training. What happens with that is im going to, you know, class b. , im going to want to drive the big bus, so once im in training, theyre going to increase my salary 4. Once i pass my road test, theyre going to up me four more dollars, so thats 8. Were getting better, were staying afloat, and its coming together, little by little. Not easy. It is not easy. With the financial stress, theres days i say to myself, you know what, im out of here. If i left and gave up, i wouldnt have seen the progress of the positives that there is eventually a positive to a negative. Its struggle from this point, but were moving along and making progress. Were almost to the end of the tunnel and there is light, so thats how i see it. Thats all right. So, by my determination, and trying to better us, its eventually slowly going to work out. Their 25th wedding anniversary is coming up in a few weeks. When we first heard from them in marsh, they were hopeful but doubtful they could hold he a triple way to celebrate. Well see if they were able to if it a getaway into their tight budget. While they arent alone in their struggle to get by paycheck to paycheck, the american middle class hasnt gotten a raise in 15 years. Thats according to the chief Economics Writer for the website 538. The Median Household Income is 8 below where it was prior to the recession. How do you figure beam didnt get a raise for 15 years . That number sounds worse than people might feel this wage stagnation is. I think thats one of the big challenges. We hear this Median Income number, the amount earned by the typical household, but its not tracking one family over time. It has changed over time. Most individual households ever probably seen a gain over that period. Theres a life cycle. You tend to make more as you get older, eventually retire and make less. What we like to see is that youre doing better than your parents were at the same stage in their life, that im doing better than my parents were at the same stage. Thats what we havent seen. We want to talk about the shrinking middle class. We have a chart that shows it. It shows that it was bigger, right . You see that its getting smaller, but the question is are we all, the people leaving the middle class here are they all going down or are some of the people actually going up to a higher class . Weve seen both of those. Weve seen quite a lot of people move from the middle up. Weve seen people move from the middle down. Theres quite a bit of movement between those classes. You know, its interesting, if you look at this chart, one of the things that this chart shows the share of the population of the middle class, the share of the income that goes to the middle class looks identical. We are seeing fewer people in the middle class, theyre making a malar share of the pie and theres less mobility than there used to be, fewer people moving between those classes. When you look at this, you see its a family. Right . Yeah. Thats something thats changing, right . Because the idea of what a household is, a lot of people are single now, people are having fewer kids, how does that play into this . Thats an important point. We think about household income. If two people get together. Weve got a couple of those the American Household has gotten smaller over time. In theory if you have a smaller household and flat income, thats a raise for everybody. One house how would, fewer people, you can adjust for that. We did actual work here, looked through the data to understand what was going on. Youll sometimes hear that the middle class has been stagnant since the late 1980s. When you adjust for that, thats really not true. Ok. What is true is its been pretty much stagnant since 2000. If you havent had a race in 25 years, you havent had a race in 15 years. There was an increase in the 1990s period, a good period for the economy. It felt good. Its been since then its been troubled. Now that youve dug into these numbers, is there hope for the middle class, hope for getting these numbers to look different . We heard that segment just now was some good news. Were seeing a recovery in the job market, seeing progress. Theres reason to think that things are moving ahead compared to where they were in the recession. It hasnt been great, but we are starting to see that. The real question is whether we can see the kind of growth we did in the 1990s. If you look, the stock market was good in both of those periods, a the big Economic Data was god in both periods. Theres a big difference in income and a big difference in the job market. The Unemployment Rate got down well below 5 for a lot of the late 1990s, not true in the 2000s. That means people dont get raises. We are definitely seeing that. Very interesting, thanks so much. Thanks for having me. Markets were rocked this week. What should you do first . Take a few deep breaths, relax, the week is over. Stick around and well Talk Solutions in just two minutes. Alaska, a state that depends on its Natural Beauty we need to make sure that we have clean air some are living off natures bounty were rich cause of all the resources we have. While others say they cant even afford Health Insurance the owners of this restaurant pay an extra 5. 20 an hour to provide Health Insurance communities trying to cope i just keep putting one foot in front of the other what can people hope for come election day . An Al Jazeera America special report amererica votes 2014 5 days in alaska all this week now available, the new al jazeea america mobile news app. Get our exclusive in depth, reporting when you want it. A global perspective wherever you are. The major headlines in context. Mashable says. Youll never miss the latest news they will continue looking for survivors. The potential for Energy Production is huge. No noise, no clutter, just real reporting. The new Al Jazeera America mobile app, available for your apple and android mobile device. Download it now no matter what you are fighting for, country, education or your lord, mothers remain the Guiding Light for young duties, even when theyre not around. Heres a preview from the final installment of edge of 18. Things happen for a reason. I know that. If i stick around, this is not going to work out. My mom and i started arguing. One day i said why dont you send know boarding school and she did. Maybe those who dont know christ will come to know him. I dont know if thats a good idea. Im the number one guy in charge of 180 cadets. Im concerned for him, you know, i am the brother. I have been through a lot with them and i dont want to see him on were you ever those plaques that we have in the foyer for former cadets who have passed away. I just felt that being in an environment that would have the military influence would raise harold to become a selfdisciplined young man. Im on my way to go see my mom for the first time in six years. I feel so nervous right now. My parents, you know, basically hated each other, and my mom was having an affair. I know that. I dont blame you. Me doing anything is never complete without somebody else and that person is christ. Im not thinking most of you were coming here to hear about jesus, but i cant do anything without him. I am so proud of you. That was kind of crazy to me to see that that was coming from my child. Somebody whos so young and has this bold faith and strong belief and strong question god, it was amazing to me. [ applause ] 20132014 school year are here by dismissed the final episode of Aljazeera America series edge of 18 airs sunday at 9 00 p. M. Eastern, 6 00 p. M. Pacific. Immediately following that, a special reunion show with all 15 kids featured in the series and its hosted by our own ali velshi sunday here on Aljazeera America. Any 18yearold preparing to head to College Hopes for a diploma, but likely dreading the debt that comes with it. Soaring student debt levels of just one of the drags on getting folks to start saving for retirement. Few young duties are giving much thought to how they will afford their post school years. You can never save too early especially if the company you are watching offers a 401k match. If you are not retiring in the next 10 years, its important to remember how to handle your savings in periods like this one, a three week slide for u. S. Stocks that saw more than 1 trillion wiped away. What should you do with all this volatility swirling around your savings . How about nothing . The markets maybe nervous, but that doesnt mean you need to be. As i showed you at the top of the show, check out the bull run the last five years of, up 78 . Those gains are similar to your 401k over the same time period. The market hilt its financial crisis know point, some predicted we would never get back to where you are. If you got out, you missed those gains. Trading is tricky business. Leave it to the professionals. As long as you have a 10 year time horizon, day to day or week to week, fluctuations should not be part of your investing occasion. A weak Global Outlook is scary and justifiable to be a little nervous. But relax. In terms of what you can control, you cant control everything. Thats it for tonight. Good night
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