Real money. This is real money, you are the most important part of the show, so tell me whats on your minds by tweeting me at ali velshi or fates book. Com alivelshi. The sad store by americas growing fear about ebola includes this ridiculously stair aisle but potentially life threatening phrase breach for protocol. Thats how the centers for Disease Control and prevention is describing what happened at a texas hospital where a Healthcare Worker became infecteinfected with bola after treating the liberian man who ultimately died of the disease, by simply doing her job that Healthcare Worker has become the first person ever to contract ebola in america. And thats an outrage. Today the cdc boss tom frieden said investigators have not identified a specific problem or breach that held to the womans infection. Frieden did say, the cdc is particularly concerned about the way Healthcare Workers remove protective equipment after being in contact with the virus. He said thats when they run the risk of infecting themselves. So, of course, now the cdc is warning that other workers at the dallas hospital may have been infected as well. And only now, only now is the cdc monitoring all Healthcare Workers who treated Thomas Eric Duncan. The man who died last week. Until now, the workers were monitoring themselves. Frieden said this latest case is forcing the cdc to rethink how they address ebola infection control. I would like at that say its about time. But that rethink may be actually coming too late. Now, this second infection raises many questions that should have already been answered. Among them, is whether ebola patients should only be treated at hospitals that are truly prepared to deal with them. And the in the United States, only four hospitals have been training for years to handle highly Infectious Diseases like ebola. Only four. They are Emory University hospital in atlanta. The Nebraska Medical Center in omaha. National institutes for health or nih in bethesda, maryland and st. Patrick hospital in missoula, montana. And in case you are wonder, there are about 5700 hospitals in this country. In response to a question about this, tom frieden today said the cdc is still considered the best way to treat ebola patients. They are still considering t in other words, he didnt give direct answer. But did say this every hospital has to be able to diagnose the disease. You think . Dont forget that Thomas Eric Duncan was initially sent home after showing up at the hospital with symptoms and a lift that would have suggested the likelihood of i bola. Americans would be forgiven at this point for losing faith in Health Authorities who keep insisting that there is really nothing to worry about. And this whole discussion is distracting from the tragedy unfolding in west africa where the virus has claimed the lives of more than 4,000 people. There is no time for a learning curve for america to figure out how to handle the out break but it looks like thats where we are stuck and that too is an outrage, jake ward has gone to dallas for us tonight. Jake, what can you tell us about this breach of protocol . Well, ali, its mott specifically clear what it is that got this particular Healthcare Worker infected. But it has been show repeatedly that using those personal protective suits wrong can put new terrible, terrible danger, as long ago as over a month ago johns hop kins issued barnings about not for instance taking the hood off and wiping a brow with a contaminated glove, thats been the way many Healthcare Work verse been infected in west africa. Its the process of trying to keep the entirety of the outside. Suit on the outside. Over is you disrobe its very difficult to do. I have tried do it myself think its very, very hard. It may be the kind of thing that Thomas Frieden is referring to here. But its not yet clear whether the nurse whether the Healthcare Worker actually did this or not. What it is that made it the huh. But we certainly know that more people this hour are being monitored, more Healthcare Workers in touch with duncan, more than we thought before the events on the ground are changing very rapidly. You are a man of science, jake, you follow this very well. We were assured at the beginning of this, and particularly since north america had a sars out break a few years ago, protocols were put in space and there were statements that said ebola cannot spread in america because. Protocol that his we have in place. Now the deeper we dig we find out there are less and less in place. Four hospitals properly trained for this. And more isolation wards in the country. But there is really now gnawing at americans to say are we safe or arent we safe in. Well, its really the question here is what is the sort of basic standard that you can impose across the United States. I mean, as you mentioned only four hospitals are truly built for the kind of Infectious Disease work that is required in this case. But we are used to even a model in which, prince, most hospitals dont have a shock trauma unit. If you suffer a gunshot wounds in a major American City one of business hospitals might have a shock trauma unit but you cant expect any hospital to do so. With ebola anyone can wander in to any healthcare facility at any time. So imposing that common standard of p. P. E suits and the protocols of getting unexpressed using them and how to intubate a possibly ebola infected person at any kind of facility its an almost Impossible Task certainly not one that the u. S. Healthcare system is built for. Thats my points. Maybe the cdc did he had kneads to get people more concerned about the fact it may not be contained as we would like it to be. Jake, we look forward to you reporting from dallas to find out what you learn, jake ward for us in dallas. Bottom line i keep hearing public pronouncements that everything is fine and frankly its not its quite clear everything is not fine. There is no one that would know better than retired u. S. Army lieutenant generousal, he not only led the post hiroki kurodae katrina task force but make sure the u. S. Is prepared to pandemics and bioterrorism disasters. Which it comes to ebola in the United States, i keep hearing government officials saying everything is okay. General is everything okay . It sounds very much like a play bake prior to 911 unone of our biggest threats were concerned about pandemic, end decembeepidemics and bioterrore lessons that we learned in training seem to be playing out again as the nation and world grapple with this how to defeat this ebola out break. Normally it started off just like this would get in a scenario, misdiagnoses, not reporting, somebody assuming in some case that well, we have to worry about the patient privacy. The next thing you know we had an out break. Over and over again when we train, what it came down to was the discussion that you were just having with the previous gentlemen, is an absence of attention to detail, the medical community hide under this thing called protocol. What is a protocol . Is it a law . Do you have to follow it . Do you have to do it . How do you make sure the hospital staff is trained and certificate odd that . That should be done by Public Health officials logily. The problem is we have under funded, under trained and taken away the power to certificate these hospitals. Now everybody is depends on this cdc to be the savior and they cannot be everywhere all the time. And, in fact, some of that under funding and movement of funds went away from Public Health in to terrorism protection. Terrorism and also to the evolution of the Public Healthcare of the United States. It did not stay in this training and preparedness of a hospital. And we see it unfolding more and more that and you hear the nurses talking today that they are under trained and they are not getting the repetitive training that they should be getting because those programs are no longer funded. Where hospitals have set aside rooms to be able to deal with this type of disaster, and they do are pet tiff training. The other challenge when we were funded is to get the doctors and the hospital, to have dedicated time to deal with the training scenario, where they were trained to failure. When you train to failure, it teaches you how do you ask for help and how do you do the Risk Communications to keep the public informed and how do you isolate that particular disease or pandemic inside that facility without it getting out and thats what we are missin missid we need to go back and resource that and get our Public Health statute back to where it should be in this country. But there are base beings here. For a 21st century reporting system. There are basics general when we went through the sars stuff and everybody looks at it in hindsight we should have identified patient zero, found everybody in contact. This system here is shrouded in seek civil we arsecrecy. We cant control it. What is it that leads to a man getting off the plane from liberia showing up with symptoms that look like ebola and being sent home. It goes back to protocol says. Are they the law . Do they have to be followed or are they just kind of out there . You know, we become a culture that is very aware of how we fight terrorism and thats where all the money went, ali. You do it, do i it, you have done it you come in through our customs the people looking at you, look at where you have been, its all about who you are there, why you were there. Of we dont ask those questions. You know, you can go to a Little Country like cuba, and integrated with the people at cust you want are medicacustomsg around where their white coats on looking at you this they may come up and ask you a question. Yet in a readiness role like we have right now fighting he bowl a we have fumbled and been awkward in trying to figure out what to do. Its very simple. We know what we have to do. Its public law. We gotta protect the people. And we need to be checking people. Is there some point at which the military can be helpful . Well, the military will be and is helpful with the 4,000 troops that are going on the frontlines. I think internally in the United States we need to take a different approach. This needs to be an all of government solution. We need to have more integration and narrow down the number of people being effected. So people coming in from the region, they need to be isolated through a couple of three airports. So we can get the expertise there of all known inbound patients, of people who are traveling from the region. So we are not going to 50 different airports, we got one or two airports, if you are coming to this country and you are coming from that location, this is the route you come in. So we can have the right expertise to deal with it. On the other hand, here in the United States, we need to recertify these hospitals. Any hospital may take an ebola patient. But they should not be they should not stay there. We need to limit this to three or four hospitals in the country. When we take those patients and we fly them for emery or somewhere up in minnesota whenever that place is and treat them there. Trying to get all of these hospitals certified now its too late. They are not ready. We have shown we are not ready. We need to at mid. Iadmit it. The first stem towards redemption is admission, we need to get it to the Expert Centers that can deal with. Thank you for joining us. Much like an Infectious Disease, a Global Financial crisis can start small and quickly spread beyond borders i am looking at what two world powers did today to try to head off the next economic collapse, thats coming up neck, well take to you alaska where the weather is cold but the race for senate is red hot thanks to healthcare. Those story and more next. Keep it here. For the first in 15 years an american was not one of the winners of the nobel prize in economics, it was a frenchman. He was recognized for his work on regulating large ins tunings and he does have a connection to the United States, he got a doctorate from Massachusetts Institute of technologies, he is the third frenchman to win the prize which has been dominated by american economists. His work came to prominence during the financial crisis which highlighted the weakness of regulation in the financial industry. Now, speaking of the financial crisis, the u. S. And britain are playing financial war games this week, participants in washington are simulating a financial meltdown like the one we saw in 2008. They are going to plot out the best way to communicate in case an institution that is too big to fail, well, you know, fails. With new regulations in place since the crisis, regulators are trying to insure any future response can avoid hitting up taxpayers for a bail out. Now, the simulation will test how well top financial regulators in the u. K. And the United States can handle the collapse of a multinational bank. Now take the case of aig. Not quite a bank but required a 184 billion government bail out in 2008. It was a londonbased Financial Services unit of aig that was largely to blame for igniting the worst of the financial crisis, its Financial Services unit sold unregulated bets on debt obligations that ended up declining in value crippling what was then the largest insurer. That one case helped transform a contained financial cries toys that point in to one that brought the Global Economy to its knees. So is the western world better prepared than it was six years ago . Sheila is covering the story for Bloomberg Business weave where she serves a features editor and national correspond earth. Lets start with that, are we better prepared . Prior to 2008 when a bank start today teeter and seemed like it might go under. They had two options let if go in to bankruptcy which is what happened to lehman brothers, very messi process a lot of people lost their jobs or bail the company out with taxpayer money and that was very unpopular and people were really worried that that was going to give banks a sense of, you know, over confidence to take risks. So since then dodd frank legislation passed in 2010 to outline a methodology for an orderly winding down of a failing bank. And it hasnt been tested yet but at least something is written down that would give the government the authority to take over the bank, keep the good parts running, and wind down the things that are sick and ailing and hopefully not poison the entire economy. This is different from the stress test that we saw. The dress tested were designed toe say if certain Economic Conditions changed are these banks healthy enough to stay float. This is a different game. This is a if we have to actually shut this bank down. Right. What would happen . So right now the federal deserve does a stress test of all the american banks, they do that twice a year and that was something that dodd frank gave the mandate to do. And you may remember that citi group famously failed back in march and was that was a big slap in the face for them, but at least there are some examiners going in to the banks saying do you have enough capital to survive if there is a run at the bank or someone wont lend you money or spike in oil prices or whatever it is. So what happened today is different its global. Top people from the u. K. And the u. S. Talking to each other and thats important because as we saw with the lehman bankruptcy ievery subsidiary in Different Countries had to enter to the local bankruptcy there. No one was prepared to deal with it. At least now you have people talking about what their roles would be and how this would potentially play out. Sheila bear, when she was sort of regulating banks was big on the idea of banks creating viable what she called living wills of course the idea if we become innin insolvent. The banks must have a plan to say this is how we will come apart. Most people are not convinced that these too big to fail banks are not too big to fail. As we have learned again and again, confidence is really, really important. Especially in the financial sector, as soon as a bank loses the faith of the market, people dont want to do business with it, people wont trade on it, its like a run on the bank. It becomes paralyzed and frozen and k. You know, enter thats not what happened in secretary of october in 2008, banks wouldnt let to banks. Yes. And it can become a self fulfilling prophecy, it enters in to this death spiral the assets lose value and crisis ensues, what they do now is trying, really, really hard to sort of show the world that they have tank en care of it. They have the living wills, the stress tests now the global war games stress test the problem is there is a credibility problem among the regulators it has taken a few years to get to this point. The fact is the dodd frank rules set in motion a few years ago they are still get getting written and implemented so we dont know how it will work when is this public . Will we know about how this all happened and what the results are . They have said the they are g to release some of the results, but we do not know yet. And i am very eager to see how forthcoming they are with what the problems were that they encountered. Maybe we are better off in that we are looking at . T. Someonat it . Someone is trying. All right, well have plenty of people complaining about healthcare in america, but nobody pays more for it overall than people who live in alaska. I will tell how a lot of alaskans might speak with their vote in next months midterm elections. Plus Falling Oil Prices might be good for you right now but it has people elsewhere in the world worried. Ill explain why when we come back, you are watching real money. American americans consider alaska a big wilderness where its cold and you go for great whale watching. That could change soon, the control of the senate could be determined in alaska. The candidates are locked in a very tight race and while local issues like fish quotas and oil revenue are being debated healthcare is being hotly contested and thats no surprise, healthcare in alaska is the most expensive in the nation. Alan shov shove her just came bk from alaska hes frequently a regular on our show. Not regularly here so we are thrilled to have you here. For you your great reporting. What did you learn . Its true those things are in alaska great whale watching and its a big, cold place and you nailed it. Also you nailed this, healthcare is very expensive in american but nowhere as ba bad as in the cities of alaska take the case of stan an hank relinquish Restaurant Owner he provides insurance to 25 immaterial ploy is and costs him 520 an hour, thats above and i dont understand wages of hour for every employee, a couple hundred thousand dollars a year. That he may be why fewer alaska businesses are providing coverage, he says he will keep doing it as long as he can. Lunch rush as oldest stake house in alaska, of the stan and his family hoped open it in the 1950s they have always paid for healthcare and today the costs are soaring. About 16 to 18,000 a month for healthcare for 225 people. With so few employees they are not legal are you labarbera i required to pay for health inning urge he your t anyway because how stans dad would want it they pay over two number thousand dollars a year, one of a declining number of alaska businesses providing insurance for workers. I just keep putting one foot in front of the other and keep paying the bills, rights now we are doing all right. In alaska the word outside is often capitalized, capital o its a proper noun, its a place name. That place where the rest of us live. And the rest of us play a lot less for healthcare. It can be so expensive here that many insurers will pay to fly patients to the local 48 for treatment rather than having that treatment done here. Its just cheaper that way. Specially care can cost four times the u. S. Average. Primary care is 40 higher, hospital costs 50 higher as sheila discovered after major surgery. You get that itemized bill and its 25 no aspirin, they rents you a blanket 212 a day. It adds up and adds up. Alaska chose to let the federal government manage their healthcare. And in a tight race between republican and democrat, both candidates are bashing the other over healthcare. They are using it as a club and that means sullivan tying him to obama care and distance is shipment from the Obama Administration whatever he has a chance. How do you get on edge on this. Because beg itch has a hard time selling it up. What his camp is doing politically is attacking sullivan also on healthcare issues but on womens healthcare issues just completely pounding him. His campaign and the outside packs doing it hit being sullivan on the womens healthcare over and over again. How does the race look right now . Real tight. Most the polls have dan sullivan up. But las has a notorious place for poll because there are so far flung voters being dont know how many people out in the bush will vote and whether you got to them in the polling it has to be weighted for people that dont have land lines cell phone only. Lots of folks out in the boondocks its hard to well. That will come in later in the everything it can be a did deciding factor it might well be. Alaska is one the those states to watch. Great to have you here as always. Allen joining us. All right, in another part of the country the not only healthcare people are worried about. Kentucky relies heavily on coal. With coal jobs disappearing people are leaving to find work elsewhere and making some communities feel like ghost towns, libby casey visited one town trying to reinvents itself. 67 towns shutdown. Businesses abandoned. Its a common sight in eastern kentucky. But not in whites berg. The town is buck odds and finding there is life after coal with a mix of quirky new small businesses. Its just kind of a symbol of where i am. From the coal imagery. My whole family brought up in coal. So thats my way of just paying tribute to that. Here we go. Ill start up here, man. Reporter john heywood always thought he would seek his fortunate away from his boyhood home of central layer a he moved to louisville and got a masters degree in fine art. One of things my pop always said is that he wanted me to get an education. He didnt want me to go down in them old mines because he had been broken down and had black lung. Reporter but the mountains and Community Called him and his wife back. Heywood found a cheap basement space downtown and let the customers find him. Business is good. Jordan garnett knows that unlike his new tattoo, his job hauling coal may not last forever. Reporter why the skeleton . Kind represents him being the miner and kind of dead, and kind of like the industry. Reporter ben says its not crazy to start a record shop in a count where i unemployment is twice the National Average. Prime storefronts are available, competition is low. And kids who need a place to hang out are builtin customer. You have to go a hundred miles to go to any other record store within our radius. We have people driving from West Virginia to come down to check out our shop. We now have an opportunity to redefine what hour industry is, or what our economic strengths are. Desperation. Desperation. Reporter her husbands job loss motivated kay fish tore open the first general store whites berg as seen in years now shes starting a downtown merchants association, so far, seven members. Businesses and neighbors helping each other. Reporter so why and whitesberg come back to life while other coal towns crumble. We have always been a little weird. Reporter one of the Biggest Forces behind the turn around is apple shop, the arts and education nonprofit started 45 years ago with funding for the war on poverty. One mission recruit people who will make a difference. Todaysal shop is hosting Kentucky College students on a tour of coal country. The message to them, invest your talent and energy in central appalachia to live it up. You shouldnt just give u upn a place because it requires a little extra work. Right . Like the answer is not just to leave. The answer is to like actually do something. But there is not always a lot of attention totti in addition tiffs. Reporter ada smiths family has lived here for two centuries and she wasnt going to be the one to uproot. She says when politicians talk about bringing jobs back, they envision big industry moving to town. They tend to overlook whats already here. Backbone industry to everything around us. Reporter she says whats unique about whitesberg is simple as this, local people taking the initiative, the risks are their own but so are the awards. What people commit to be in a place for the long haul youll see a change. Well being plunging oil prices have exposed a rift among opec nations ill tell you what that means for you at the gas pump but tell what you it means for the much bigger picture. Our interconnected Global Economy, when you think detroit, you think motown and red wing, you dont think Chinese Investment. Ill tell you why you should coming up. Survive the government, they dont help us. But who is fueling the violence . If they had the chance to kill each other, to make more territory, they would do it fault lines, Al Jazeera Americas hard hitting. Today they will be arrested. Ground breaking. Theyre firing canisters of gas at us. Emmy Award Winning investigative series. New episode iraq divided the battle against isil only on Al Jazeera America u. S. Stocks took another beating. I have been away for a week and i cant believe what happened to the market since i went away. The dow jones tumbled 223 points, a loss of 1. 4 in a day. The techheavy nasdaq lost even more. One 1 2 , why the broader s p500 which you should be looking at, it was 1. 7 lower today. The dow the s p is off four and a half percent, Many Americans have retirement stocks that mimic the s p. Lost 4. 65 in the last five days, the index is up for the year, just a smidge, you probably heard that the dow has given up all its a gain for the year you the s p is up for the year. Before we get carried away about huge losses remember that the s. And piaskoski i p is up 177 ft bottom from march 9th 2009. If you invested money then you are up 177 , that may be the big reason some investors are selling now, really theres no clear, single reason for the events sell off. You see headlines and listen to people carrying about why the market sold off but in fact, very few people actually know the truth. Economic slow downs in europe and asia are not helping, nothing else they are giving investors an excuse to sell. The sale off is about an excuse to sell stocks have have gained a lot. Thats why you often see the nasdaq performing worse, because those stocks have run up more. The mediocre Global Economy appears to be sapping the worlds demand for a lot of things including oil. Oil prices dropped again today, this one is the big big surpris. The u. S. Bench mark fell to 85. 74 a barrel. We havent seen this price in nearly two years, traders are reacting to signed that the world is flush with oil at a time when there is little indication that demand will catch up with supply. If demand is usually tied to a growing economy, but in these days, thats not necessarily the case, because we are getting more efficient in the way we use oil. Take a look at oil since june. Crude price have his tumbled more than 20 since midjune, but instead of cutting back on production to reduce supplies which is what opec normally does, the Worlds Biggest Oil producers keep pumping more oil. Traders say oil prizes could drop below 80 a barrel before producers in the u. S. And elsewhere feel enough pressure to close the spigot. Thats the thing you have to worry about. We are all happy about low oil prices and low gasoline price says but it may actually be a wolf in sheeps clothing. Falling oil prices are exposing major strao eupbz strains withip thats supposed to Work Together to keep prices stable. Opec whose fulls nation is organization of Petroleum Exporting countries, that group is responsible for a third of the Worlds Oil Production its Biggest Country saudi arabia not respond to this low prices by cutting production which is what they are supposed to do is is not making opec nations happy. But the discord could spell good news for american drivers. Reporter on monday the National Average price for a gallon of gas was 3. 23, nearing its lowest level this year according to tripleactual. Itriplea. In part because the price of crude oil is down. Fueling that drop are several factors, more supplies caused by increased u. S. Oil production along with less than expected demands from china and slower Economic Growth around the world. Historically opec countries led by saudi arabia would cut production to increase oil prices. But thats not happening. Would suggest the organization of the Petroleum Exporting country, on pec opec is weakenit was formed to protect the economic interest of its members by coordinating output and stabilizing prices. Economists say there is a growing rift window peck. Iraq is lowering oil prices, sawed gentleman rape i cant sin creasing Oil Production. Its not a stabilizing force, its a lot of discord. Amongst opec member countries. There is no incentive for them to cooperate with each other. Reporter saudi arabia that, venezuela, iran and iraq are boys baze odd aisle money. Some countries are richer than others and can afford to sale at lower prices, saudi arabia is trying to protect market share while other countries are crying foul. Venezuela is calling for emergency meetings because it desperately wants saudi arabia to cut Oil Production so that prices will rise and help its own economy. Reporter just this month, saudi arabia lowered prices to Asian Countries boo i a dollar. Iraq soon followed and slashed the price of crude oil for november delivery to its airen and european buyers by 65 cents. If opecs members keep rating out of sync analysts say that could further push down the price of oil below 80 a barrel. Making your next drive even cheaper. Al jazerra. Opecs next meeting is in vienna. November 27th, unless the cartel resolves the issue before then you could have low oil prices at least through thanksgiving, we cant be sure how saudi arabias shift in policy could affect the u. S. shale Oil Production. The production is shrinking and that is important to note when looking at the consequences of cheaper oil. Thats according to josh snare, hes the u. S. Oil correspondent for reuters who joins me now. Shale might be part of the problem for once opec has real competition in terms of marginal oil its not just a matter of opec turning down the tabs and knowing that oil prices will go up. We have a world where there are other players who can produce oil, and keep the price of oil low. Absolutely. But shale production tends to cost more than what it costs to produce oil in saudi arabia. So love fracking or hate it, theres been an absolute revolution in Oil Production in the u. S. , millions of Barrels Per Day increase over the last three or four years, that costs more to produce. The saudis may be saying, hey, you know, welcome to shale producers, but i dont want to seed so much market share. I need market for my own oil. So the truth is, if you are drilling in saudi arabia, which is very similar to drilling in texas, you drill a hole down in to the ground and i dont know what the marginal cost of a boyeral of oil is now, lets call it 25 bucks, not shale, if they bring the al shale playersr the players in the oilsands of canada are going to say we cant produce oil if we are getting 75 bucks a barrel for it. The effort mats on whether or not it costs to produce in u. S. Shale plays like the field for example, it can be up to 10 times higher than what it costs in the lowest cost fields in saudi arabia. So obviously at a certain price point, you know, you have shale producers in the u. S. Who have to rethink huge levels of investment that have allowed expanding production. So the idea that we are going to enjoy cheaper gas at the pump, which everybody likes, and that will help our economy so much, could cost us longterm because it could should down some u. S. Oil production. It depends on how you look at it. You know, gasoline prices have already been falling for 14 weeks. Ten cents a gallon lets say, they could fall further, for oil producer who have been on a tear, its potentially bad news, they are looking at prices potentially at 80 a barrel where that gets close to their paying point. In terms of their investment. And that, by the way, is some of the market collapse that we have seen some of that Energy Stocks coming back. Absolutely. Falling lower. Is it possible that opec or saudi arabia is putting a squeeze on on shale producers and people that produce oil at a higher cost to say need to deep our market share well take a bit of a cut to make sure we are still the boss. I think its possible. I think saudi arabia is the absolute kingpin of opec. They have in the past welcomed the advent of shale drilling, you know, more oil, will help supply markets, help balance markets but they may may now be coming to see it as a direct threat hitting closer to home. Is there much shale producers or oilsands producers can do, they are working every year on bringing the cost of their production, but certainly in the oilsands world there is infrastructure there. In the shale world there is building out to do. A lot of front end cost to get oil out of the shale. I dont think a lot of analysts would say that everybody at 80dollar oil you would see an immediate reduction in shale production. You know, it takes a while to move around these rigs to make the big investment plans, to go forward, we are not going to see some immediate pairing back in that level of investment. But over the medium term a year or two out, you could see some of the big investment programs paired back. What an interesting conundrum for my viewer who could really grow to enjoy lower enjoy prices, lower gasoline prices, and yet fall back upon dependence on imported oil. Its an interesting thing to think about. Josh good to see. You thank you. Josh is an u. S. Oil correspondent at reuters. Coming up next Chinese Companies make a big push in to American Real estate. Made a splash last week with the purchase of the waldorf its not just trophy companies, they are looking at places like detroit. I will have that story when real money returns. In the year ending in march, chinese investors had already purchased two to billion dollars worth of real estate in the United States. And there is no doubt that the chinese are focusing their buying power on big cities like new york city and San Francisco. But they are expand to go detroit where real estate is very, very cheap. Motown is getting a bit of a makeover, thanks to Chinese Investment groupings, which in september snapped up three iconic Downtown Properties in detroit. The david stock building, a 38 story art deco skyscraper and the former Detroit Free Press newspaper headquarters. All for the Bargain Basement price of around 16 million. A little more than a top market apartment in shanghai. Interest is so high, a report by quarts quotes one realtor saying her company sold 30 properties in detroit to a chinese buyer sight unseen. Shortly after detroit declared bankruptcy, cctv chinas state television, touted detroit as the next big place for buy. With real estate costing the price of a pair of leather shoes. Why would i want to buy a pair of shoes for 1100 when i can get two houses for a thousand. Reporter since then realtors in detroit say chinese interest in real estate there has skyrocketed. Detroit is fourth on the list of cities chinese investors most want to investigate. In behind new york, los angeles, and philadelphia. Marry snow, al jazerra. Well, the chime east arent afraid to make big purchases on big iconic buildings in detroit and elsewhere in United States. Spending millions and sometimes bill wraps that they may never see a return on and Alan Pomeranz says the chinese are okay with, hes at the vic Vice President of a Real Estate Investment firm that consults with chinese on buying properties in the United States. Thanks for being with us. Pleasure to be here. The chinos bought the balance carve his tour i cant, and jp chase building. You are saying these are not Good Investments from a return perspective, why are they buying them . They are not good investment from a United States concept return where we have to have returns every quarter or report to shareholders. Chinese view of the future is much further out than our views. So they hold onto properties for a longer period of time. Plus there is a number china to have Chinese People invest outside of china in to the United States particularly in real estate. And having an iconic building is very, very attractive, it helps the brand name, and you can make a nice picture of the building put it on a brochure and show it through your hometown in china and its very impressive. There are a lot of reasons to buy that type of iconic property in the United States just the current return. It is new york. So the return is probably there overtime. Although i am a big detroit promoter. I think its obvious why you would buy property in detroit. I dont think much worse can happen in detroit. Its gio graphic i cannily in the middle of the continent. On an International Boarder on a waiter way. Its got airports, its got universities. Its got a workforce. To me, the Detroit Properties make a lot of sense because you are paying no premium for them at all. Thats right. It also has universities there which is things that are attractive and there is a Small Chinese community. If the bases of buying and making a profit really is either buy wholesale and sell retail or buy low and sell high at least we know the first half that have is present in detroit. You can buy things cheaply and buy a lot of it. Whether or not it will turn in to somebody else buying it at a higher price at some point in the future, we dont know yet. Because we are very much at the beginning of this type of investment. But lets forget about whether the chinese make money in detroit. And wonder whether or not this signal, this is the signal to the world that detroit has hit bottom. I remember this time in the early 90s in washington where nobody would ever buy a property in downtown washington, d. C. And now look at washington d c. Its one of the hottest places to spend time in. Different story than detroit. But is the chinese buying Iconic Properties in detroit a signal that people should get back in to detroit . I think it is. I think that the economy and the World Economy tends to follow leaders and at this point in time the chinese team sob a leadeseem to bea slider in inven new york and San Francisco and bid up prices very high, they are now seriously looking at detroit and will influence a lot of buyers in china to come back and look at detroit. The upside is very, very good if the upside is stronger than in new york or San Francisco. I would agree with that. All right, alan great conversation, lets hope its the case for detroit and the ref of the country if it is well thank the chinese for putting a floor on our real estate prices. Coming up, well get the fear ebola we are going to figure out what is going on. We understand the fear. Ebola has hit the United States. Stocks are sliding. And global unrest and terror concerns are all over the place. They may not seem related, but the uncertainty surrounding each of them certainly is. Is it time to hit the panic button . Ill separate the hype from the reality in two minutes. In jacmel on haitis Southern Coast surfers arent an unusual sight these days, but just a few months ago, some of these boys couldnt even swim. Theyre all part of surf haiti, an ambitious project aimed at bringing tourists and their money to the beaches. Joan mamique who runs the camp says surfing here is about more than just catching waves. Samson jules, who was one of the first boys to learn to surf here, tells us the project has the potential to change the lives of his entire community. The passion from these young haitians is unmistakable and its the chance to be part of the lives of people like samson that organizers hope will draw surfers to these waves and ultimately help tourism grow. I would love for there to be a haitian representation in the International Surfing circuit. Professional. I would, really, really cause then once they announce yeah, this kid is from haiti and hes out there ripping it, then all of a sudden people go haiti. Surfing and a whole industry kind of pays attention. Surf haiti remains for now a small project with few customers. With waves like this, its hoped that will soon change. I was away all sorts of weird things were going on the microsoft ceo who nobody had ever heard of before he became the ceo of microsoft and hadnt done anything to get your attention, so this is what he did. He came out last week with comments about womens pay raises. Now if you are ever going to talk about womens pay raises think it through ahead of time. I dont know that thats what he did. Because this is what he said. Quote. Its not really about asking for a raise, but knowing and having faith that the system would actually give you the right raises. That might be one of the super powers that women who dont ask if a raise that, thats goop karma, it whim come back. What planet are you from him . Are you kidding me . Trust its going work thats why women make 73 cents on a dollar he made an apology hours later but that didnt prevent backlash from inundating the internet thats because faith and karma dont get you a dime on your pay check, stupid comment e wear going toll you what will. Brat who is much smarter than that, though hes not ceo of microsoft. Its with a development company. Brad spent 15 years in Human Resources for one of the country less countrys largest ad agenc. Steve ballmer waste ahead lost space at microsoft. And i wasnt sad when he was gone. And i thought this is guy would be the guy. I am going give him a Second Chance i hope thats not what it represents. Lets forget about him for a second. What does get women raises . I will tell you right now it is not karma and faith alone. As you said. Right. Conception i love that idea. Sure. Wouldnt it be great if it worked that way when i was a young puck i thought put your nose to the grind stone, good thing ham, doesnt work that way. What does work is actually doing the part of asking for a raise in the appropriate way, i always say there is a fine line between being a assertive person looking for a raise and being sort of a cog in the wheel someone that comes after you. You dont want to be the squeaky wheel. You want to ive plan, do it smartly and on be cognizant of it. Its not every three weeks you are saying i need a raise have a plan, what do i deserve a raise its another to ask for it and realize you deserve it and make that case. You said something years ago, we have known each other forers years ago you saiforyears, you t problem you are going to solve. Exactly. What have you going to solve . What have you solved . What can you do to make that Company Money . For some jobs its easy. For other jobs its about what does my contribution mean, what is it different from what other people are doing, how can i add value in a way that nobody else can, thats what you want to do when you ask for a raids, you want to do your research too. What are other people at my position making. Does your employer ca miles an hour do they look well upon you saying, hey, look, i think i am the lowest paid in the group and i think i am productive. I think there is nothing wrong with that if it is true. And you should look inward and outward. Hey, listen i am accountant make 110,000 i did Research Based on accountants at my level and out there i know they are getting 150, whats going on with that. Look everyone ward and outward but its fair to ask those questions. Can you ask your h. Research people. Where am i. You can ask. I dont know what they say. How do you ask for a raise . Frankly. Some people like to use anniversaries, whats going on . Whats the best system. Is it having a robust employee Evaluation System place that allows you to say, hey, i did really well . Right. So there is a couple of things, one is the evaluate weighing, one is the work anniversary and the third is a major accomplish. I just brought in this account, worked on this huge assignment. Took over for people. I say there is an opportunity now as companies have cut and not retired you cut three people i think now doing the work of three, i dont want a triple salary necessarily 20 ground 20t that make sense. If you give me this you get this out of me or you have been getting this out of my. I think its two things, you have to talk about what you have done in the past if its an existing employer but you have to talk about what you do in the future. Its both. You cant talk about the future you have to say its the proof. While activities away i heard about this Richard Branson saying you get unlimited say situation if you work for him. What is that all about . American says think little of it. They do. I love the concept of unlimited vacation, but will people actually take it . Because we are in an environment thats very macho. I havent taken a vacation in seven years, ali. I work 18 hours a day. Right. Right. Report i cool . And americans always leave vacation on the table. We look tend of the year they havent used all the vacation to which they are entitled. Which is minimal to begin w all sorts of studies its good for yourself. Take your vacations we force our employee to his take vacation, it looks poor on the reviews if they dont take it. The other thing thats important is how do you actually disconnect. So its within thing to say i am on vacation for two weeks and scrolling that thing the whole time. Great to see you. Brad is the president of j. B. Training solutions get his book manager 3. 0 a good to rewriting the rules of management, hes written several books you should read them all. All right, i have assured you time and again on this show that i will let you know when something really bad is happening. So what is real . Lets start with ebola. Frankly i am worried this country is used to being told by government officials that everything is fine. Its not fine. Until we stop being told what went to hear and start hearing something closer to the truth, i remain worried. Its a reality that includes a man being sent home from a hospital after stepping off a plane from liberia and now a hospital worker becoming the first case of bola contracted in the United States. Stocks took another beating today with some suggesting ebola concerns are at the center of a market slide that is seen the s p drop 4 1 2 pert in the last four days, lets not get carried away. Ebola is a concern but its not clear what happens happening with the stack market its not clear that something bad is actually happening in the stock market. A weak or approximately Global Economy is not a certainty, but what goes up must come down. Its up 177 since the market hit its bottom in march of 2009. Maybe this fear say sign that we are getting older. Because despite it all, a world full of threats everywhere you look, a brutal job market, rising income and equality, a new survey find millennials the worlds over are optimistic. I survey found nine out of 1018 to 30 year olds are satisfied with their lives. If they feel that good about the future, make its time for all of us to take a breath and think young. Thats our show for today, thanks for joining, i am ali velshi. The ayes to the right 274. Nos no the left. A nonbinding vote in the British Parliament calls on the government to recognize a palestinian state. This is al jazerra live from our Head Quarters in doha. Also coming up on the program. How to deal with isil. The u. S. Is to hold discussions on the progress of air strikes. More barricades are removed in hong kong, but protesters pledge