Warren buffett seven years in a tenyear bet with Hedge Fund Guys buffett is crushing it, outperforming the socalled smart money. How buffetts doing it and how you can easily get in on the action. First, though, lets go to sue whos here today at hq. I am indeed. We begin with bullish news from two American Auto icons ford and General Motors. Ford is actually adding jobs to ramp up hiring for production of its aluminum f150. As you recall, there was skepticism about that model when they changed from steel to aluminum. Gm revving up profits and boosting its dividends. Phil lebeau joins us from chicago with details on both of those stories. Lets start with the ford news which came out early this morning. This once again another expansion by ford, adding jobs, creating more production when it comes to the f series. Theyre adding 1,550 jobs, about 900 of these are going to be at the kansas city truck plant. Theyll have production later on this spring. Once that plan the is up alongc with the
Not doing what the technocrats wanted to do . I will have to confess i wasnt prepared to answer that question when i walked into the room. I knew who you were talking about and i have read the articles more than once that you refer to. I guess i would say. Take a swing at it. [laughter] [laughter] how about if i answer slightly different question which is i mean i guess my view is behavior economics is, what it does is it tries to expand the scope of understanding of what is driving behavior and what are the tools you could use to influence behavior . And what you want to take a light handed approach or a heavyhanded approach that is a matter of personal preference so if we were painting all behavioral economist with the same brush i think you are going to find people along an entire spectrum. That i would be happy to go back and look at that article and send you a response. I would like to have that. Mr. Chairman i have to leave but i want to mention this is an excellent panel. I have
60s are contributing at the contribution limits. Thank you mr. Chairman. Please go ahead. If i could ask a question. The behavioral economics have shown a couple of successes into some of us are concerned about it contains some who rather than providing the much to help people navigate different decisionmaking would provide a fullfledged private citizens. It seems that some operate on the notion that academic and government technocrats are infallible and they tell how they should leave their wives and allocated to the resources. The former oversoul in the Environment Administration along with a harvard the harvard professor who pretend about the behavior of informed Financial Services regulations. One of the proposed schemes is to nationalize on the credit cards to get card issues the government technocrats and use the funds for the Financial Education and other ways to help the private citizens. What do you feel about such a proposal and dvd that the government technocrats needed to e
So personal savings can only go so far for these individuals. At the same time though Social Security treat single women far less well than it does married women so they are not getting much help from that end of things either. Thats one reason i and others have proposed reforming Social Security to provide a flat universal benefit for all retirees regardless of income participation. On top of that individual would save in accounts provided through their employer or of not available through the government. This approach is qualitatively similar to that of the u. K. Australia canada and new zealand. In the u. S. Context you can affordably reduce the elderly poverty rate from todays level of roughly 9 to approximately 0 while increasing the Retirement Savings among the middle and high highincome workers who truly should be saving more. The lesson in all this is that there is no simple problem and no simple solution but a small if more complex problem is better in the retirement crisi cri
The developments from ferguson missouri. We will go live to the press oclock our time reporter there were no board and business as usual for most shops monday afternoon. Have never considered importing up we are a part of the community and we are not afraid of the community. Reporter those who run this place are hoping for the best. Is to the protesters are very respectful of of being a small business. Reporter so there are no boards going up across the street at this in small business. Last time we were vandalized and had our windows smashed, we give this city so much love and we hope that their return it to us. Police reporter presence has increased in the downtown area. Police presence. All 700 officers have been trained to deal with crowd control in a way that will isolate people that are violent and also respect peoples rights to protest. It is an opportunity to talk about anchor in fear and practically, how to heal the committee in regard to taking part in our handling facilities