Of space. Im David Shuster in for ali velshi, and this is real money. And were following the breaking news coming from saudi arabia tonight. According to the countrys state television saudi Arabias King Abdullah has died at the age of 90. The king one of the most Significant Players in the middle east and the Global Economy had been in the hospital for several years suffering from a lung infection. His brother is being tasked to be the next king. But King Abdullahs passing is still momentous. Mohammed has more. Reporter he was one of the worlds few remaining absolute monarchs but his years as crown prince might have marked his legacy even more strongly. At the time he was crown prince but a tremendous amount of power and influence. He was known as devout and conservative with strong ties to the countrys bedouin ties. But even then he pushed for change. He has inspired a greater openness in two particular areas, in for women and in freedom of expression. There is an outburst of social c
And were following the breaking news coming from saudi arabia tonight. According to the countrys state television, saudi Arabias King Abdullah has died at the age of 90. The king one of the most Significant Players in the middle east and the Global Economy had been in the hospital for several years suffering from a lung infection. His brother is being tasked to be the next king. But King Abdullahs passing is still momentous. Mohammed has more. Reporter he was one of the worlds few remaining absolute monarchs, but his years as crown prince might have marked his legacy even more strongly. At the time he was crown prince but a tremendous amount of power and influence. He was known as devout and conservative with strong ties to the countrys bedouin ties. Change. He has inspired a greater openness in two particular areas, in for women and in freedom of expression. There is an outburst of social criticism and also of government policy in saudi arabia that has happened with the lets say toler
Christmas. Stories were watching in the newsroom on this Christmas Day. Pope benedict xvi tells people not to up hope even in the worlds most troubled reasons. His appeal for peace. And its not the grinch stealing christmas cheer. Its the weather. Blizzard warnings may turn your White Christmas into a travel nightmare. And tornados threaten the south. Your forecast is coming up. And were seven days away from going off the fiscal cliff and with washington in a political gridlock were getting closer and closer. The question, how will it affect you and your paycheck . The images, the words, the names, highlights and low lights of 2012. Newsroom starts now. Good morning to you. Im Carol Costello wishing you and yours a Merry Christmas and we begin with Pope Benedict xvi using his an ill christmas message to speak about the hope for peace even in the most difficult times and situations. Translator in this world theres a good soil which god has prepared just hours ago the 85yearold pope spok
Meatballs and ice cream. All of that and more. By my radioe joined cohost, carol massar. The gm ceo testifying to a senate panel addressing problems in general Motor Vehicles which are said to be linked to 13 deaths. Some say that it is about criminal deception. The facebook coo Sheryl Sandberg has sold off more than half of her stake in the social networking company. Millione sold about 26 of the shares. Of 2012. Back to may or a roku for example. No setup boxful. No cables, no wires, no big deal. Just plug it into the Television Set and have a desktop connection. Amazon will be a big player in this. I think others will be. Those are some of your top headlines. Amazon has a new set top boxes called the fire tv which plugs into your television and Internet Connection and makes it possible for you to watch movie, shows, other video anytime from the web. This represents just another bit of competition for apple as well as google. What if anything does amazon fire do that you cannot alrea
Im ali velshi. And this is real money. This is real money, you are the most important part of the show, tell me what is on your mind by tweeting me or hitting me up on facebook. Social security and medicare are two huge Government Programs that benefit millions of americans. Both are headed for possible extinction. These programs are so big that together they take up an estimated 44 of all federal spending each year, and Social Security and medicare benefits are funded by taxes that americans pay out of their paychecks every pay period, not income taxes. But in a new report today, government forecasters projected revenues from those payroll taxes wont be enough to fund 100 of medicare benefits starting in 2030. Medicare will only be able to pay 85 of benefits after 2030, and decline to 75 by 2050. By the way this is all a positive development. Only a few years ago forecasters were saying that medicare would hit a revenue crunch as early as 2016. What has changed . Obamacare, researcher