neil: the october super storm causing november sales if retail to dive. how much? guest: retailers lost multiple key shopping days as stores were closed or saw little business after the super storm as residents tried to recover. target, we know the chain was the largest discount retailer has many stores along the east coast and they saw sales follow 1 percent missing a 2.1 percent expected rise. macy s sales fell 1 percent during the month, the first sale drop for the department store chain in three years. a rise in sales was expected there. and in all of this despite the company saying they had the largest volume thanksgiving day weekend in history not enough to overcome weakness from sandy. kohl s saw sales plunge 5.6 percent and all of the regions
two straight years, job creation seems to be slowing down. earnings for middle income americans fell some 7% in the past decade. and then there are investments. your i.r.a., your 401(k), your pensions. they re a second road to prosperity. that is complicated in this volatile market. for those of you looking for a safe harbor by investing in fixed income or parking money in the shelter of a bank, you re getting nothing. even our virtually nonexistent inflation is higher than what you re earning. you are being penalized for not taking risks. ironically, owning your home may be the one vehicle to personal wealth that shows signs of some brightness. home prices may have hit bottom and are finally bouncing back. if that s the case, then now is the best time to buy a home or refinance a loan. interest rates are at historic lows. but that s little consolation to scores of homeowners who have seen the value of their homes on average shrink by a quarter since the beginning of the rece
spending and that s because trat decisional path to prosperity is still strewn with debris from the last storm. the big one, the recession. your job and the wage you bring home is the single most important way to build wealth. but despite net job growth for two straight years, job creation seems to be slowing down. earnings for middle income americans fell some 7% in the past decade. and then there rinare investmen. that is complicated in this volatile market. for those of you looking for a safe harbor by investing in fixed income or parking money in the shelter of a bank, you re getting nothing. even our virtually nonexistent inflation is higher than what you re earning. you are being penalized for not taking risks. ironically, owning your home may be the one vehicle to personal we will thaj shows some signs of brightness. home price maze have hit bottom and finally bouncing back. if that s the case, then now is the best time to buy a home or refinance a loan. interest rates
seen desperate republicans joining forces with him. republican presidential frontrunner mitt romney under fire from critics who claim he made millions while handing out pink slips. this is not about capitalism. anger rising over an economic system that has rewarded some but leaves many feeling left behind. this is the defining issue of our time. occupy wall street focused anger on the wealthiest americans. we got sold out. the tea party drove republicans to a 2010 midterm victory, warning that president obama would destroy capitalism as we know it. obama wants you to be a socialist. is capitalism working for most americans today? the basic bargain that made this country great has eroded. if you re rich, capitalism is probably working just fine. it s only broken if you re not. as you can see, the top 1%, that top line here, is doing pretty well, but what about everyone else? look at median income. that s the bottom line there. it shows that earnings for m
what is it worth going back to school? when can you afford it both time and moneywise? tweet me or send your comments for my facebook page. i m fredricka whitfield. see you later on. your money starts right now. it is 2012 and capitalism is on trial. i m ali velshi. welcome to your money. mitt romney under attack this week from fellow republicans questioning the wealth that he gained as a successful businessman. which begs the question, is anyone still defending america s economic system? capitalism on trial. and you are the judge and jury. president obama wants to put free enterprise on trial. and in the last few days, we ve seen some desperate republicans join forces with him. republican presidential front runner mitt romney under fire from critics who claim he made millions while handing out pink slips. this is not about capitalism. anger rising over an economic system that has rewarded some but leaves many feeling left behind. this is the defining issue of