and no embarrassing odor. break the grip of pain with aspercreme. it the latest, greatest epidemic american schools, cheating, the chem ski tests, s.a.t.s, teachers cheating, how widespread is it really? i m christine romans, don t cheat yourself, you need to start saving now for the holidays, i will show you five ways to save a thousand bucks in seven weeks. from kim kardashian to the bachelor to the millionaire matchmaker, come on is reality tv destroying the institution of mar snack but we begin with teacher pay and a new study that has teachers fuming a report by two conservative think tanks finds that american teachers are not under35id, as conventional wisdom holds they may be overpaid. the heritage foundation s jason richwine is a co-author of the report, called assessing the compensation of public school teachers. jason, your report states total compensation for public school teachers is 52% above fair market levels and when people switch from nonteaching jobs t
murray is up to a jury. corporations raking in millions in profits and not paying taxes. sometimes the government is paying them. that s triggering outrage on this american morning . good morning, everyone. it is friday, my very favorite day of the week besides saturday and sunday. happy friday. it s november 4th. welcome to american morning . i m christine romans. ali is on assignment. he s still in caane. herman cain still defiant this morning. the republican front-runner pushing back against the sexual harassment swirling around him. cain says that he will not let it derail his campaign for president. also developing this morning we may hear from one of cain s accusers today, her attorney hopes to release a statement which can rebut cain s contention that any allegations made against him were groundless. joe johns. following all the twists and turns of this case that continues to twist and turn, joe. reporter: that s for sure. if it happens, best case scenario
he s a fascinating guy. all right. thanks very much, kyra. all right. let s get you up to speed for this thursday, november 3rd. investors on wall street are watching what s happening in europe and we re keeping a close watch on the markets and your money. stocks open higher after a decision by the european central bank to cut interest rates right now dow is up 94 points, but every little cent counts at the g-20 summit in france. president obama met with french president nicolas sarkozy to discuss the european debt crisis. i think it s no surprise that we ve spent most of our conversation focused on strengthening the global economic recovery so that we are creating jobs for our people and stabilizing the financial markets around the world. the most important aspect of our task over the next two days is to resolve the financial crisis here in europe. the big part of the debt crisis is the drama playing out in greece. prime minister george papandreou called an emergency
despite the white house breast beating we re nowhere close to seeing. is the ongoing jobs crisis something we have to accept? is it a hangover from the financial bubbles? or is washington still just thinking too small. joining us with answers is peter marissey, professor of the maryland school of business. he s the chief economist at the international trade commission, and the columnist for reuter s breaking views, so, peter, let me start with you. which is it? is it something we have to be used to from the debt hangover? or is washington thinking way too small? washington is thinking way too small. if the president wants to brag on a 1.5 million jobs, that s somebody that s a football coach and he s taking over for a coach that s 1 and 15 and now he s 3 and 13. this economy is capable of adding 500,000 jobs a month with the right kind of policies in washington. we need to have a better tax environment, less regulation. we need to do better on trade
of his show dave ramsey show. and now the impulse buying that will haunt us in 2011. guest: well, merry christmas good to be with us tonight. the way you counter the debt hangover is have a plan to work your way through it. the best plan to get out of debt is the debt snowball. you list the debts, smallest to largest, pay minimum payments on everything but the little one and attack the little one and work down through that regardless of interest rate. should we make the list the number one item i will give myself more money next year by paying down debt, which people to not realize is the same as getting a raise. guest: it is. if you do the things, if you learn from your mistakes and have the mistake of not being save up and ready for christmas with the old christmas club account, set that up for next year. and as part of the monthly budget lay out a game plan to