avoid the high tax rates over here. gretchen: let s do math and show folks how much money we re talking about. this is g.e., they have 2012 ree $144 billion. outside the united states $102 billion. in 2012 it goes to $108 billion. microsoft at $60 billion. these are vast amounts of money parked overseas. that amount of money is actually going up. you would think that the logical answer is, all right, lower the tax rate that these people have to pay and you bring that money back to america. that s not what president obama wants to do. he wants to extend the reach of american taxing authorities and make sure that every dollar of profit is taxed wherever it s made, wherever it s parked. eric: that is unlikely to happen. i floated this idea in the past. give it a complete tax holiday. you want to bring it back, bring all of it back, somewhere between $1
that s one thing. if you put money in swiss bank account, you do it for a reason. i don t know what the reason is. bob: hedging against the american dollar. dana: nice talking point. eric: the issue is you are riding it from the i.r.s. for a reason. i don t know what dana: is it hiding or is it legal putting your money in smart place? eric: it s hiding because the swiss do not report to the u.s. i.r.s. there is a reason to do it. i can t figure out bob: romney s ira is $200,000 a year. it makes him 1,000 years old. how to get ira dana: are you saying there is something illegal? bob: yes. $102 billion in ira. dana: take it away. wake up. greg: sorry. mitch is rich. control yourselves. the bigger story here, vanity fair did an article using tax to do this story. and obama s running with it.
combination. meantime, on the jpmorgan story, jamie dimon facing shareholders today as the bank is holding its annual meeting in tampa, florida. jpmorgan s board is backing dimon and the way he quickly apologized for the $2 billion trading loss and sought to fix the mistakes. this comes after the bank s chief investment officer resigned yesterday. and as you mentioned, president obama is saying the same type of error at a less stable bank may have prompted the government to have to step in. jp manageran s stock was down nearly 1% while financials paced the declines for the day. and also just want to touch quickly on facebook because it s hiking the price range for its ipo on high demand from investors. the company selling shares now for $34 to $38 each. and that could value facebook at as much as $102 billion. it s expected to price the ipo thursday night. it s going to trade on the nasdaq on friday. and also we did a cnbc ap poll finding that half of americans, they believe that faceb
hey, time for your news by the numbers. first, 9,000, that s how many marines the u.s. is pulling out of okinawa, japan. they will be moved to guam and other areas of the asian pa sifshg region. first, two points. that s how much the unemployment rate is down in alabama and michigan since last march. the state says the declines are because of their immigration reform laws. and 48. that s how many people will be pointing will be sharing 172.7 million powerball jackpot that s a huge figure. the southeastern pennsylvania transportation authority workers can get about $3.6 million each. that s a lot of people quitting their job. a little different. yeah. america has a college loan crisis during the last decade, u.s. student loan debt has soared from more than $202 billion a decade ago to $848 billion as of last year.
being held against her will because she wanted to convert to islam. a parish priest said those killed were members of the church. military police kept the groups apart as they hurled stones at each other after the initial attack. we now return to larry king s special the alzheimer s epidemic. alzheimer s affects more than just the person with the disease. millions of family members suddenly find themselves as caregivers, having to drop everything to deal with the illness. according to the alzheimer s association, some 15 million people, family members and friends, provided 17 billion hours or $202 billion of unpaid care to those with alzheimer s disease last year. leeza gibbons has made caring for the caregiver her cause