Innovation in manufacturing. Im ali velshi, and this is real money. This is real money. You are the most important part of the show. Show me what is on your mind ali velshi. Highlighting the precarious security situation facing the countrys oil industry which is now ranked the sixth largest exporter of oil to the rest of the world. Violent clashes broke out today around the big oil refinery , 155 miles north of the capitol of baghdad. Sunni muslim insurgents from the Islamic State in iraq and the levant, isil, surrounded the facility there. But today they tried to wrest control from troops loyal to the shia dominated government of Prime Minister nouri almaliki. The refinery is responsible for a quarter of iraqs total capacity Refining Crude Oil into gasoline and fuel to run the countrys power plants. Iraq is also a consumer of its own oil. Meanwhile, 66 miles to the north of that, to the north and east Kurdish Forces battle isil insurgents for an oil field near kirkuk. Last year the kurds seized kirkuk after government soldiers need the isil onslaught. 17 of oil comes from the north. Workers are believed to have been abducted by insurgent. Not clear if those workers work on iraqs oil installation. To the south where the majority of iraqs oil is found there is little evidence of the violence on the ground but Multi NationalOil Companies under contract to service the installation there is not taking chances for their staff. Exxonmobil and bp have started evacuate waiting personnel. Protecting employees, equipping plants from danger are essential. To describe how you do that where the risks are growing ever more complicated im joined by a man who earns a living protecting everything were mining sites, oil plants. Bill, good to see you. Good to be here. You and i were talking about this. There are a couple of things you have to look at if if youre advising or consulting the security for a company doing business in a complicated or hostile region, you have got to look at a range of possibilities, but these companies have got to know what to do when the going gets bad. When a Company Looks at what am i getting into. What are the risks and plan accordingly. We work with companies in the extraction business and other businesses who go into these place, who need to scratch the ground and there are risks with that. Can they control the risks so the return on the investment is really wise. Thats where we try to help them. This is why this is interesting to my audience. If Companies Like exxonmobil and bp start to make the decision that its not worth it, even in southern iraq even at the moment looks to be pretty stable, thats going to effect everyone around the world. These are essential industries. When oil starts to slow down in iraq, well feel it. These are essential industries, once that are on the commodities exchanges. They effect peoples pocketbooks and affect people at the gas pumps. Its really key to make sure that output finds its way down street and into the marketplace, that that is a continuous stream and uninterrupted. Not only look at the security but the continuity. What happens if we have to affect . What happens if we have to take people and intellectual property out of an environment . How can we continue our operations maybe using local nationals or whatever the scenario might be. Or in this case the stuff that you produce, thats tricky because there are some who want to bomb a refinery, and there are others who want to take over. Exactly. Certainly there is value at keeping the refineries open no matter who own them. But other people may see that an an incursion by an international. I want to wipe it out and make it more nationalistic. Looking at those scenarios. These are not ones that are playing out in iraq, but weve seen it play out across the globe whether its in africa, central and south america. These are things that they need to look at not when they occur, but they need to plan ahead of time. They talk to Companies Like yours. And you were with the fbi before that. Can you mitigate all the risks or do you need there to be an infrastructure, a governmental infrastructure. Part of the problem in iraq the soldiers fled. There wasnt enough that the country could do. Describe the relationship between the security that you and these businesses can provide versus the country . Great question. When go into an environment, to answer the first part of your question. No, you cant familiarate and manage every potential risk. But you can with those that are likely to occur. With you help thermostat apologize an we help them strategize where they are. There needs to be some substrate of support provided by the host government, whatever it may be. There may be some places that its too risky even if you could control your own compound, just the outside world being so chaotic may not allow you, your employees to get there safely or to get your product out. In most cases working with the government, putting in proper mitigation strategies business can continue. When they call you up and say what do we do, is this the time to pull out or is this a middle road. As an adviser what you say . We have 60 analysts in our company. Were constantly looking at issues like this. Were trying to understand what the impact may be to our clients, their operations. There may an staggered approach. Even if it was to come where they need to bring the employees out and slow down operations you want to do it in an orderly fashion. You may not want to wait the last minute and take every out. Do it slowly. Take out nonessential staff. See how things play out. Perhaps things improve. You can come back in, keep the business going and continuing. I assume in evacuations youre not depending on the government or security forces. No, were relying on private sector, private support, plans weve put in place to get people into helicopters or onto roadways out to airports and get out of the country safely before, before an incident occurs that shuts down those places. Bill, good to see you. Bill daley. Senior Vice President at control risks. Its a delicate balancing act, and keeping america moving in the right direction. Ill tell you more about it and what your paycheck has to do with it. Plus, what he really thinks about the stalled pipeline. Its a very unfortunate issue that has nothing to do with pipelines and energy. More of where that came from with tom donahue after this break. A Senate Committee approved the excel pipeline but that doesnt mean much. To approve the pipeline extension that would led canada ship more oil from alberta, the oil sands, to the gulf coast. President obama has delayed approving the pipeline which faces opposition from environmentalists. Some americans say todays vote was largely symbolic bass Senate Majority harry reid is unlikely to bring the bill before the full senate. This kind of political maneuvering is the problem for the man who runs the largest business in the country. Tom donahue. I asked if he exexpects the Obama Administration to approve the pipeline after the elections. I think the pipeline is an unfortunate issue that ha hasnt got a damn thing to do with new york. It has audi has to do with politics. There are hundreds and hundreds of pipelines all over the place, but because of the way we made this a political football, you know, the canadians were always going to build pipelines to their east and their west, but theyre building them now. America is making a very unfortunate series of decisions here notwithstanding that secretary clinton, when she was at state put out a thing that said okay, lets go. And others have done the same, i believe that its going to slow us down on the economic side, but more than anything else its raising questions of what do we do that are really about economics and global relationships, and what are we doing that is just domestic politics. How do you feel about cap and trade . This is an area that youve had remarkable disagreement with democrats and this administration. Now president obama moving forward with executive order, what do you think about that . Well, cap and trade never got out of the house of representatives, and wouldnt. The issues of how you cool with this country has been very, very successful in dealing with pollution, and weve been major supporters of that. Air, water, land. We never signed the kyoto accord, the united states, yet were the only industrialized nation across the world that ever achieved all of those objectives, and we spent 1. 5 trillion get going to done. Now were talking about ca carbon. We used it global warming. Then Climate Change because its not so much warming and now climate whatever. This issue, even when the president s Team Announced it they were talking about children with asthma. Well, children with asthma comes from pollution. Weve done that, and we continue to work on it. Global warming is something fundamentally different. It comes in under a new law, and its not the potential, i wont talk about science. Im telling you it has the potential to significantly reduce the vitality of the American Economy and put a lot of people out of work, and what were saying lets look at the ways we do this. Lets look at the extent we do it. Lets look at the timing, and were going to have a chance. Because that whole proposal gets a 90day Comment Period before the epa, and has an opportunity while the white house is saying that congress cant have anything to do with it, i would never tell the congress that. But you could voice your opinion right now. You dont havent to wait the 90 days. Tell us, you dont want this to go forward. I dont want this to go forward as written. Well, the keystone excel pipeline has grabbed headlines but other structures cant get anyones attention. Th americas crumbling infrastructure has a dplus. We feed to make investments in infrastructure now. Investments that pay for themselves. He was chief economist at the monetary fund. And he wrote the best selling this time its different on financial crisis around history around the world. Ken, good to talk to you. Thank you for being with us. This discussion about keystone excel. We have a lot of pipelines in this country. Thats how most of our oil moves around. But this is a perfect example of how things get bogged down. This is two sides who are not giving in an inch to each other. Well, certainly the keystone has become a litmus test where environmentalists just wanted to pose. They dont care what is given back in return. And people who want to increase oil con jump consumption availability no matter what. Its taking on a magnitude far greater than it is economically. We were just talking earlier with the Federal Reserve, the Interest Rates and how we might see them go up a year from now. We still have a low cost to borrow, and you and i have had this discussion in the past. America stands to fall behind other countries and being competitive when it comes to the infrastructure. Youve often said with the opportunity, weve had the opportunity for the last five years to at least invest. If youre going to invest in things get a return on it, and part of that return involves not using expensive money. Tell me your thoughts on this. Well, it is been a very good time to do infrastructure investment. We have a lot of unemployed construction workers. So the labor is available and ready to work. And at the same time Interest Rates are very low. And i think the difficulty has been there has been so much political paralysis they havent been able to agree on things. Its been going down private investments also very low. I think if we had more Public Infrastructure investment more investment from the public in general it would help spark private investment and get the economy going not just now but over the longer term. One of the things you talked about is investigating in projects. Infrastructure projects that pay for themselves. What sorts of things are you talking about . I think a lot of Infrastructure Projects can pay for themselves. Its speculative. You dont know what will happen, but there are many things that the u. S. Needs to do. The electricity grid hardening, software where states use completely different Computer Systems an they dont talk to each other. Obviously public transport needs to be improved in terms of improving our environment, roads and bridges are not really of the standard you see in europe. There are many, many things we could do. Schools where we could build things, and its a good time to do it, but its just incredibly disappointing how slowly things are moving. Youre right, ali, the political fighting, they just dont want to agree on anything. I think of the case of the ski tone there are legitimate differences of opinion, but even where they agree they dont seem to want to be seen as agreeing. And you have the advantage of having looked at the world. There are models out there to finance Infrastructure Improvements and innovations. What might we use in america in terms of models am are we talking about infrastructure banks, should most of this not be done at the federal level. I actually would like to see more publicprivate partnerships because there is private money available looking to investment in the united states. U. S. Money, foreign money. I think the idea of having the structure back. Not because of the money, i wouldnt put that much money in it, but we have all the lobbyists on both sides of these, one saying theyre fantastic. The others saying theyre horrible. They need to have something more like the way the Congressional Budget Office has a way of giving an opinion. In some cases at the municipal and state level, greater effectiveness than washington. Maybe the idea is not to concentrate too much on the passing of big projects but smaller things . Well, both. Certainly some states like illinois had been forced to use more private financing simply because theyre having trouble getting public financing. But i think actually you need both. Its hard for individual states necessarily to be able to house the kind of technical capacity that i think is needed here. So i think both. There are plenty of big projects, for example, as done in boston, seattle moving roads underground i think there is a big longrun pay off in those stays. Our infrastructure is very dated compared to europe. Very, very dated compared to china. Good to talk to you and hopefully someone will do something about it. Been a pleasure. Coming up next forcing Adult Children to move back in with mom and dad. Im in a position where i depend on my mother to get a roof over my head because i cant even get a job. Well example the living arrangement many boomers never dreamed about. Thats next. Guns. There are two to three million guns in a population of only 8 million people. And gun laws. After those laws came in, there have been no more mass shootings. How Different Countries decide. Their father had a gun. Their grandfather had a gun. Who has the right to bear arms . 5 days guns around the world a primetime news special series all next week only on Al Jazeera America on tech know. That is immense. There a misunderstood. Vital part of the ecosystem. Is a tiger shark. First one of the expodition can they be saved . Sharks dont eat people. Tech know, every saturday go where science meets humanity. This is some of the best driving ive every done, even though i cant see. Tech know. Were here in the vortex. Only on Al Jazeera America. Young people in their 20s who live with their baby boomer parents because they cant afford to live on their own. We know that. Its a story all too familiar following the great recession. A sign of the times. But now were hearing about baby poolers facing financial hardships, moving in with their elderly parents. Theyre called baby boomerangs and their ranks are growing. Jeannine has a list of chores to do. This afternoon she has work on the front lawn. But its not her front lawn. Its her mothers. 40 years after jeannine did chores as a teenager shes back at home. This is when i was a teenager, i grew up here. This was my bedroom. Now its my mothers bedroom. Rosales now lives in the basement already struggle to go make a career switch back in 2009 she was tired of her job as an office manager, the financial crisis meant opportunities dried up and she suddenly found herself unemployed and homeless. Im in a position where i need to depend on my mother so i can have a roof over my head because i cant even get a job. Jeannine is just one of many baby boomers in california who have moved back in with their parents, and their numbers are growing. In the past decade 200,000 older californians have moved only as 68 increase. While millennials suffer from proven job experience, the baby boomers face discrimination. When youre 50 and older finding a job is that much harder. You see people losing their homes, their jobs, and then longterm joblessness. Rosales waited until all her other options ran out before making the big move. I had nowhere to go. She was beginning to get sick. She needed more care. She needed company. And help. She now pays her way to live at home in part by fixing up the house, working on different projects. For now rosales has given up and is not actively looking for a job. Sometimes its wonderful. [ chuckling ] other times it drives me nuts. Oftentimes the dynamics and their children dont change that much from when they were teenagers. We clashed this morning. We do clash. Were always going to clash. Im someone who doesnt like to be told how to do things, and im 53 years old. Excuse me, but im not a child. Im not a baby. Now that her mother has alzheimers, rosales has a compelling reason to sta stay at home. In these tough Economic Times she is certainly not alone. The leading national expert, you saw him in melissas piece. Professor, good to see you, is this really a trend . Yes, this is a trend were seeing particularly in california where you have a combination of high levels of unemployment combined with the housing crisis that has led for a lot of people to lose their homes. But the crisis is a national phenomenon. The situation of baby boomers losing their jobs, not having a place to stay, moving home is a national event. Is this something that you see reversing as we see the economy strengthening. This works against the economy strengthening to some degree because as you consolidate homes as opposed to expand them, normally where you have household formation, if you dont do that can consumption decrease in society . If you move in with your elderly parents, chances are that youre not in the labor force, youre unemployed. Having that firstmonths rent, being able to move out on your own it will take a longer time. And as i said earlier the chances of finding employment in your 50s or in your 60s is much lower than if youre in your 20s or 30s. As the economy improve i am improves, this will be a lagging indicator. Many are living in multi generational moment. Does this mean more than two generations orchids in their 20s living with their parents or boomers in their 50s and 60s living with their parents. Weve also looked at grandparents who are the primary caregivers of grandchildren. Is there anything good about this . Its good to be able to take in family members who are struggling. Is there an economic upside . Parents in their 70s and 80s continue to be the safety net for their children. As people are losing jobs, as theyre losing homes, older adults who rethe independent ones are still providing resources to the younger generation. Hopefully that means that they give them a soft landing, and that the middle age the adults can retool, go back to school, get more skills. When there is a job available move back out to the labor force as opposed to becoming permanently unemployed. We know there is a prejudice against longtermed unmr unemployed, and there are many they could turn the clock back and retrain or retool when they become unemployed. So when you first get in this situation should you say, let me retool. It depends on where you are in the country. If your he an Aerospace Worker where there is aerospace left, you definitely have to retool. But project management, being able to meet deadlines could be used in different sectors such as a Computer Company or construction even. Thank you for joining us. Thank you for having me. Coming up next, making sense of the Federal Reserve. Janet yellen and crew cut their economic forecast. And also another chunk out of the stimulus. Ill tell what you that means. Should juvenile killers serve life without parole . The didnt even ask for the money they just shot him. Horrendous crimes committed by kids. I think that at sixteen its a little too early to write him off for life. Should they be locked away for good . He had a tough upbringing but he still had to have known right from wrong. The Federal Reserve did what everybody predicted it would do. Intelligent yellen reduced the Bond Buying Program by 10 billion. Fed had been pumping in 85 million a month, a move designed to jump start the economy to keep Interest Rates low. But the last few times it met the fed has whittled this down to where it is now at just 35 billion a month. Now in case you are wondering the fed exists to do two main things. Its socalled dual mandate. It uses Monetary Policy to promote job growth and at the same time to manage inflation. Its main tool for doing that is to manipulate Interest Rates. Lower rates make money cheap for borrow which should encourage consumers and businesses to borrow and spend more. Demand goes up. The economy grows, more people get jobs. Low rates can also fuel inflation. If you raise rates too high or too fast Economic Growth takes a hit, so its a tricky balancing act. Whats going on today . The feds key rate has been near zero since the financial crisis. Even sow inflation had been low. With rates near zero the feds were out of tools to edge it up. But prices have ticked upwards in recent months at a more healthy pace. The fed may have its inflation. The only problem wages arent keeping up. The Federal Reserve wants inflation to increase about 2 a year. Just enough to give room for wages to rise putting money in peoples pockets which in turn gives them incentive to spend more and grow the economy. For almost two years inflation has been running below the fed market but prices have picked up moving the inflation rate in may to 2. 1 slightly above the fed sweet spot. A level Federal Reserve chair janet yellen isnt concerned about right now. I think its important to remember the broadly speaking inflation is evolving in line with the committees expectations. That helps explain why the fed indicated it will likely wait until next year to raise Interest Rates. Hiking them too soon could stall the economy. While inflation is rising wages arent keeping up. Last month annual average Hourly Earnings adjusted for inflation fell. 1 leaving consumers in a poor position to spend more and boost growth. Al jazeera, new york. Janet yellen did say she expects wages to rise with inflation. Lets go to chief Committee Standard poors rating service. Good to see you. The fed is not unhappy with the way the fed is going. They recognize that wages are not growing as strongly but rates are not going up any time too soon. Pretty much. The one thing that surprised me they want to raise rates sooner than markets earlier thought. When you look at those dots it looks like its a faster pace. There is a dot chart that the fed puts out that is confusing as it is helpful. There is some since were looking at rate hike towards the end of next year in the second half of next year. Im thinking second quarter. Probably june. When i talk about those dots it looks like eight members are expecting the federal fund rate to be over 1. 25 or above at the end of the 2015 when they only thought that before. Its important to note that your Mortgage Rates might be affected by that. That does not always move lock step with what the fed is going to do. Oh, correct. When the fund rate goes from near zero to 1 . 1 was the record level before. Were nowhere near what you would expect a normal interest rate. Lets talk about what patricia was talking about. Weve seen jobs at a thousand a month. Its not always the type of jobs we want or quality we want but even in the last few months weve seen better quality jobs come around. Weve got this sphere of a little bit of inflation. Not a dangerous amount but wages are stagnant over the last year. Janet yellen is not too concerned about that, are you . No, i would like my wages to catch up, too right now youre starting to see it climb higher. Right now wages according to when we loo looked at employment numbers we do expect job gains picking up, over 200,000 job gains this month this year, expect it to climb higher. And it would be understandable that there would be a lag between the job growth and wage pressure. It takes the economy time to figure that out. When businesses realize i cant rely on temporary workers, i have to commit full time thats when its the job seekers gain. Lets talk about this idea of what happens next in the economy. If were seeing that wages might tick up, what were seeing, were seeing cars being sold. People are buying cars. We see credit creep up. People are using for credit. At what point do we have 2008 behind us, at what point do we worry are peopling carried away . Are they spending more than theyre earning . Not yet. It was painful for the u. S. And the world, but keep in mind while were starting to see consumers taking out their credit cards, Household Debt picking up more, this is after four years of basically going on a severe diet. So right now you have Household Net Worth at record highs. Even though its concentrated on the higher income you see that spread to the middle income as well because home prices are climbing. The stock market that weve seen which is doing very well for some people is not distributed well across the curve of the population. But house something a little bit distributed. Its not just rich people who have homes. Thats right. When we look at something that comes out pretty old it comes out delayed. But when you look at the income percentile, the lower to the higher income percentile, higher income, they made back their money and then some by 2010. But the middle class they lost, even by 2010 they still lost over 40 of their net wealth in three years from 2007 to 2010. Now that home prices are climbing higher theyll get it back. There are some who are feeling theyre back to where they were before the recession. Feeling better. Thats good news. I do think in terms of wage gains, i expect them to climb higher. The 3 plus, that will take some time. Beth bovino from standard poors. This has nothing to do with cars and general motors. This time its chrysler. Safety regulators are looking at potential problem with switches in 1. 25 million chrysler and jeep. It involves the keys being being beingjostled and turning off the airbags. Chrysler which is now own by fiat in italy say theyre cooperating with the probe. It comes on the same day that g. M. Ceo mary barra returns to congress to answer questions about the ignition switch problems. Barra appeared before a House Sub Committee along with the prosecutor that g. M. Hired to discover why it took more than a decade to recall the cars. His report that the company had a dysfunctional management culture. Barra and valukas faced plenty of skepticism listen to what the ranking democrat said. The report absolves previous ceos, the legal department, ms. Barra and the g. M. Bored from knowing about the tragedy beforehand. This is nothing to be proud of. That the most senior g. M. Executives may not have known about a defect that cost more than a dozen deaths is frankly alarming and does not absolve them of responsibility for this tragedy. For her part barra said that she wont rest until the problems uncovered in the report are resolved and she plans to reward employees for raising concerns about vehicle safety. Well, its called the greatest show and tale on earth. When you see some of the inventions youll agree. The president hosting an event to honor americans who make things. But first, investing in specialty funds. Its part three of our series of investing. Well tell you why its not for those who scare easily. Now inroducing, the new al jazeea america mobile news app. Get our exclusive in depth, reporting when you want it. A global perspective wherever you are. The major headlines in context. Mashable says. Youll never miss the latest news they will continue looking for suvivors. The potential for Energy Production is huge. No noise, no clutter, just real reporting. The new Al Jazeera America mobile app, available for your apple and android mobile device. Download it now is what we do. Al jazeera america. T we do. Janet yellens declaration that the economy is improving pushed the stock market higher today closing at a record high. The nasdaq also hitting its highest level since 2000. The dow just 93 points away from the number 17,000 for those of you to whom those kinds of things matter. We picked a good week to bring a fivepart series that highlights key investment strategies. In our third installment were looking at specialty mutual funds. If you own a 401k you probably know something about your mutual fund where your stocks are diversified in a safe portfolio. They do what the name suggests, they are less risky because they offer less diversification. But not everyone has the stomach for specialty funds. I started by asking if there is a difference between a specialty fund and a sector fund. Actually, its interchangeable. Any kind of thing you cant to focus in on sector out is a specialty fund by nature. But it allows you diversification. If youre excited about a trend, fracking for example, you want to do it with diversification. Sure, you may already own the index if your 401k. 10 of is special stocks. You may want to add in an index, specialty fund or sector fund. You could add additional money, and thats just one example of the type of specialty funds that there are. One of them that you talk about are country or region specific funds. Im conflicted about this. Take Something Like china, for instance, the stock market in china has not done that well. It has not maxed their Economic Growth. If you pile on one of these that stock pile on china, and you think youll grow but you havent. You already have to have some basic International Funds in there, and then you sector this out with 3 , 5 is a good measure to do that. You dont want to put your entire International Exposure into any particular country. The ef e, it doesnt include canada. Interesting. I know you would appreciate that. Right. But were saying why are you excluding canada with all the energy . You can find other types of International Funds that have that in there, and you may just want to buy the efe and it may be the only one available in your 401, and sector out the canadian. Most common are socially responsible, if youre religious belief or something you do not want to have, toe tobacco funds, there are funds that screen out things and then there are funds that only invest in things that would be screened out such as tobacco, gambling. You can do socially responsible which is going to exclude that. Its arguable if there are additional returns. There are times that it does. And times that it doesnt. Most people are focused on what is going to bring the most return on my money. There are people absolutely, and we have some clients that this is very important to, that we will use additional screens to pull that out so theyre not investing in things that are against their beliefs. You and i have spent the time talking about alternative funds. Things that are not mainstream investments. What kind of options that are out there. Lets say youre getting into a market. The market has been going strong. You want to get in, but you want to hedge a little bit. Thats where alternative funds come in. A Long Short Fund which mean most investments that you buy are long only. What that means. Youre betting that it will go up. What if it goes down or when the investment manager is doing their screening you find a whole bunch of stocks that you like, it goes long and then they find there are stocks that they dont like that they think is going to go down. In that fund they can do both. By the way, if you went short on your own you could be on the hook for more than you invested. Whereas if you buy a fund. Shorting out right is extremely aggressive, and its an unlimited amount of money you could lose because technically the market could keep going on fo forever. On the inverse well talk about that another time. Its a good strategy but not one to be careless about. You talked about leverage funds. What about those. Leverage funds are where you go not only 100 but i will magnify that return. If i think a particular market or index. You think the s p is going to go up 20 . If you think that, and thats your bet you think with the same amount of money i can leverage that. You can do it yourself, margin, you get into dangerous territory or a fund that is 100 or 200 percent. There are fees to be involved. As you get more complicated the fees get higher. And those are daily changes and you could look a year later and see the s p 20 and say i didnt go up 40 because there are changes. Those are trading vehicles and not longterm vehicles. All these companies that use leverage will tell though is trading tool but not a longterm tool. What is your sale strategy, when you hit it, take it. When you see that its going down you can buy stocks that will mirror, that will be the reverse. If you think its going to go down, not only go down one time, lets magnify that. But that is a short term trading strategy. Tomorrow in part four of investing well talk about Municipal Bonds and why they may make sense if you want income but want to keep your tax bill under control. And amazon is a name that involves flames and now its trying to turn up the heat on apple and samsung, thats why the company that brought us the kindle e reader brings us a smart phone. It will be on the at t network and it will start at 200. It will let you scan products, so i an amazon can sell them to you. Well show you wild ideas that may be on the market pretty soon. The white house looked like a Mad Scientist playground this afternoon, and rightly so. It was the latest location of maker fair hosted in various places around the world by a group called maker media. Its goal is to encourage new ideas drummed up by tinkers and students. There has been plenty of talk of how to improve americas stem education, and stem jobs in america are expected to grow 18 before the end of this decade. Maker media called the maker fair the greatest show and tell on earth. Its founder and ceo was at the white house today. Joins me now from dc. What is this for . What is it about . What is it meant to do . Maker fair is really to celebrate this very human gift to make things, to use tools to make things, even to make tools to make things. And so we brought to the white house today lots of examples of makers from all across the country. You know, doing a wide range of things. You mentioned russell, the electric giraffe, 18foot tall. It moves. You can pet it. And then pancake bot that makes designs with pancake batter. Is this mostly for students . I know you got a grant. Tell me what this is about. Well, i think it is really for people of all ages. Makers are using new sets of tools to create things. Anybody can really design and develop and pro poe type a product today, and were seeing the internet allow the distribution of those product s, just as with software were seeing that with hardware. Kids really like this. Our goal is to see maker faces in schools, libraries, museums and community centers. We see 500 maker faces around the country. You have a couple of good examples of little things. This is important to understand. Youre not making this about world changing technologies. Youre making it about simple things that people make that celebrate invention and creation. Well, it can be, but i kind of want to illustrate that it often starts small. This is a little circuit board. You buy it as a kid, you solder it. On the back there is a couple of batteries. On the front there is an on and off switch, which ill turn on and it lights an led. Its the gateway drug to making. Its what gets kids started. These are controls that change the light and its very simple. Some think its not so interesting. I had a woman who did one of these and said, i made light happen. At the very essence its giving you a level of control over technology. I think thats a really great entry point for lots of people to get into making. You also have a thing you had that was 3d printed. Yes. Anybody who has anybody cool talks about 3d printing now. I know there was some stuff at the white house for 3d printing. Give something for my viewers as to why 3d matters so much. Its part of a category called digital fabrication. Through your computer youre signin designing something on the computer and sending it to the printer. Just like you would a regular printer, but on a 3d printer were getting a 3d object. You can take that same file and sen send it to a laser cutter. And it would cut this out of vinyl. This allow us s us to begin to manufacturer things in our homes, replacement parts. We see people being able to design things that you couldnt make any other way but say with a 3d printer. You can go to places like these maker places in the community to find access to laser print and 3d printer. Laser cutter and 3d printer. Youre trying to create access. You want everybody to have the tools of invention that were either too expensive or places that you couldnt get access. Dale daugherty is the founder of maker fare. Thank you. Thanks. We know that oil and water does not mix. Thats especially true when we talk about drinking water. Lets look at how oil and water is on a collision course with the pipeline that is tet to go right through the water line. For years there has been debate about Washington Redskins names. Today u. S. Patent Trademarks Office canceled six trademarks. It does not mean that the name needs to be dropped. It could open the door for others to legally use the redskins trademark. It got me thinking about trademarks verse copyrights verse patents. A trademark wil is a symbol or design that identified one party other another like the redskins. A copyright protects music and novels and artistic works, and patents protect discoveries. A logo can be a trademark but it might be copyrighted because it may have artistic elements. This under scores the complexity of intellectual property. The trademark trial and appeal board that made this decision about the redskins agreed that this name is disparaging. But it doesnt have the power to order the team to change its name. It can only deny trademark registrations. So the legal fight over the he redskins trademark has been going on for more than two decades. With this latest ruling bringing added tension, the team might as well trademark the word controversy. Thats the show for today. Im ali velshi. Announcer this is al jazeera. Hello, welcome. This is the newshour, live from our headquarters in doha. Coming up, sunni rebels and the iraqi army battle over the oil refineries. 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