The tax issue. Shai mentioned at the outset that another component of the federal budget that is fast growing, and will continue to will grow fast, depending upon something that is right now being controlled and almost by Global Economics and that is Interest Rates, that the Fastest Growing component of the federal budget will be if Interest Rates normalize back at 5 will be just paying the interest on the public debt. Our public debt right now is close to about 17 trillion total gross debt, 17 trillion. And one thing that that debt means to me, it is a tax, it is a tax on future generations. It is not a it is, again, here, youre getting screwed doubly. Your Social Security benefits are not going to be there, and more importantly, youre going to have to pay for that debt that were accumulating today. Either pay the taxes today, and now in fairness, i would say you cant get yourself out of this without increasing taxes today as well as or else the taxes you get the taxes in the future o
Manhattan jack white. But we begin this morning with todays eye opener, your world in 90 seconds. Ray rice has won his appeal to be reinstated back into the nfl. An arbitrator overturns the football stars indefinite suspension for Domestic Violence. Its a major review for Roger Goodell. Theres now nothing in the way of any team signing ray rice and putting him back on the field. Yeah, absolutely. I think theyll pick him up. There have been some arrests made in ferguson where a large group of protesters were blocking traffic in front of the Ferguson Police station. Protesters they are facing black friday boycotts major retailers over the Police Shooting death of Michael Brown. If you want to affect people and hurt people youve got hit them in the pocket. Hes cleared of murder cases, former egyptian president. We hear from two boys who were trapped in a snow pile. Motivating each other, yelling, keep moving our bodies trying to break out. The two teams almost did a brawl before the game
Ray rice has won his appeal to be reinstated back into the nfl. An arbitrator overturns the football stars indefinite suspension for domestic violence. Its a major review for Roger Goodell. Theres now nothing in the way of any team signing ray rice and putting him back on the field. Yeah, absolutely. I think theyll pick him up. There have been some arrests made in ferguson where a large group of protesters were blocking traffic in front of the Ferguson Police station. Protesters they are facing black friday boycotts major retailers over the Police Shooting death of Michael Brown. If you want to affect people and hurt people youve got hit them in the pocket. Hes cleared of murder cases, former egyptian president. We hear from two boys who were trapped in a snow pile. Motivating each other, yelling, keep moving our bodies trying to break out. The two teams almost did a brawl before the game begins. All that Mickey Rourke shows hes still got it. And all that matters it really doesnt have
Domestic violence charges about a federal judge. Should he be removed from the bench . Plus lasting impression. The last Century Glass maker who left his mark on art and complers. Commerce. The record drought in california is now in its fourth year. We can tell you about the crisis but its the pictures that tell the story of the devastation. This is Lake Oroville. In 2007, a lake with ample vegetation. This is now lake levels at Lake Oroville have plunged 68 . Here is the look at the same lake. This is before, this is after. To counter the drought emergency california governor jerry brown signed an executive order requiring businesses farms and individuals to cut their usage by 25 . Its going to to affect golf courses peoples lawns universities campuses all sorts of surfaces, median vegetation, it affects all of that and were directing local water agencies to take specific action as they determine. But overall were looking for a 25 aggregate reduction. Our meteorologist Kevin Corriveau
[ ] the high cost of the cheap is my quick way of saying theres a social economic and moral price to be paid for americas addiction to cheap stuff. Everything from clothes to food to gas the cost is paid mainly by the men and women who sell cheap stuff but struggle to pay the bills. People increasingly cheap technology is creating a shared economy that offers value and convenience to consumers, but has potentially troubling consequences for limo drivers, hotel owners and others. Today ill look at how some companies and cities are responding to the high cost of cheap. Then well look at some of the painful side effects of a world awash, and finally i examine how Technology Made talk so cheap and powerful that social media is a weapon of public shaming that could cost someone their job. First, not everyone is satisfied at mcdonalds attempt to address the high cost of cheap. It said this week it would government the minimum wage at 90,000 stores. Average wages will rise 10 prz to 10 an hou