Michael live from his farm in new york state. We are also joined by the university of washington scientist, dr. Angela rasmussen, who currently works in a genomics lab. We have the author of, cloning after dolly. Who is afraid of human cllning. Dr. Gregory pens. Michael, you are surrounded by pigs tonight. I cant imagine anyone better to ask, what do you think about cloning pigs, good or bad . I think anytime we do genetic modification to something that can be in the food stream we need to be really careful about it. Hopefully this is just for Scientific Research and that it is not intended for, to be used as meat but anytime were doing genetic modification, especially with an animal so close to humans like a pig i think we need to be very cautious. Melissa doctor, what do you think about that . You have written a lost books about the topics. I think i think eventually cloning pigs it is vent lay for consumption, is that safe . I predicted 10 years ago we were sleeping so scared about biotechnology and cloning and again net i cannily modified food the pacific rim countries would leap ahead of us and they have. They sse us as a bunch of puritans overly scared about embryos and. They are doing Amazing Things over there. And we are so far behind now. Melissa does that mean you think it is safe to consume cloned pigs, dr. Pens . Absolutely. A pig, is a pig, is a pig. The fda has pretty much known, most scientists agree that cloned food is safe. This is just, especially people on the organic food side are trying to scare us but there are some other bigger issues going on especially from a financial point of view. Melissa dr. Rasmussen, what do you think about this . Do you think it is safe to consume cloned pigs and you think were falling behind by not doing it right now . Yes, i actually, i agree with that. I think that cloning pigs themselves and not making genetically modified pigs is probably fine. The technology has been around for over a decade. The real innovation by this group in china is actually the mass production of this. So, i think that if we were to clone pigs for human consumption they would be just regular pigs. A pig is a pig is a pig. Point it is safer thanke the genetically modified pigs . What is the difference to you, dr. Rasmussen . I actually dont think genetically modified kids would be unsafe to eat but however they require additional testing. Some of the advantages having genetically modified pigs, you could increase productions and decrease some of the health risks inherent in raising pigs. For example, you could engineer pigs to be more disease resistant. You could engineer more consistent products. Eventually you would make it so it was cheaptory produce and cheaper to feed many people. Melissa michael, what do you think about all that . Youre standing there in a field of pigs. You deal with these little guys or gigantic guys every day. What do you think it would mean for your business and what do you think the two doctors would say . Looking at some of the articles about this, theyre a necessary sizing the pigs to do embryo implants. It doesnt seem to be a cheaper form of, of pig producing. Pigs are very prolific breeders. Litters between six and 14 pigs per, per cycle. So its, not an, the theyre very prolific, so i dont see there is a big cost savings. I think from a scientific and competency, being able to clone and having that capability is, has an advantage. And having a uniform pool for scientific testing has an advantage but i dont see any advantage in having identical pigs. Melissa michael, of course Animal Rights groups are up in arms about this. What do you think about it from a Animal Rights perspective, michael . You know, i dont see a, as long as, as long as the pigs are treated humanely i dont see a problem from an Animal Rights point of view. But theres another another thing to think about. Melissa dr. Pens, go ahead, what do you what were you going to say . There is great uses. We can clone endangered species. Frozen zoo preventing sees spease from going extinct. In egypt theyre cloning price dairy cows to. And this is tool and a tool is a tool is a tool. We need to keep all the tools on the table. Melissa dr. Rasmussen, what do you think about that . Do you agree . I agree, i think farmers like michael could potentially in the future use some cloning techniques in addition to instead of traditional farming techniques. Melissa why . He is looking at it from a cost perspective saying it is already incredibly cheap to have these animals reproduce. Do you think that it could be a cost savings over time . The show is called money. We want to look at that angle. I do think it could be a cost savings over time. Im not personally versed in the ins and outs of daily pig breeding by making things like more disease resistant pigs you cut down use of antibiotics. You would presumably get larger litters. And get more healthy and robust pigs an ultimately get a more consistent product going out to supermarket to feed people. Melissa thanks all three of you. It is interesting topic. It is cuttingedge. Theyre doing it in china. No doubt it will come to the u. S. At some point. Thanks for giving information your time. The Academy Award nominations are out and are they really worth their weight in it . Two entertainment experts crunch the numbers in spare change. What is the cost to campaign fors car and is the return worth it . More of that coming up. We have a discussion where there is clear solution to everyone. Its a discussion you cant afford to miss. Forget robocop. The police in texas are fighting the states toughest criminals with jawdropping gadgets that rival the most fantastic videogames. More money, not as many pigs but more money coming right up. 2009. On the u. S. S. Saratoga in 1982. [ male announcer ] once its ened, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protection. And because usaas commitment to serve current and former miliry members and their families is without equal. Begin your legacy. Get an au insurance quote. Usaa. We know what it means to serve. Smoke . Nah, im good. [ male announcer ] celebrate every win with nicoderm cq, the unique pat with time release Smartcontrol Technology that helps prevent the urge to smoke all day long. Help prevent your cravings with nicoderm cq. Melissa so hows this for a new spin on the wage wars . Emerging research suggest that is large corporations are cheating themselves out of profits by failing to increase employee pay. In fact one study found that for every dollar added to the payroll, a company returned 10 in revenue. Hmmm. I dont know about this. Will this appeal to the bottom line convince companies to pay their workers more . We have the author of the new book the good job strategy. Thanks so much for joining us. Why do you think it increases a companys bottom line to increase their pay . It is counter intuitive . Let me first mention, melissa, thanks for having me, that the good jobs strategy i identify is not just about paying employees more. It is about operational excellence. When i study ad group of companies, highly Successful Companies that were thriving financially while offering low prices to their customers and great jobs for their employees i found that they were making some very smart operational choices. So, for example, all of these companies offered their customers fewer products than their competitors do. Melissa fewer products . Fewer products. Yes, they offered less to their customers. My local super market, for example, offers 110 types of yams. My local store offers 13 types of jams. Fewer products increase the companys bottom line, can help customers get low prices and Great Service and can make employee jobs better jobs n my book i identify four choices like this, offer less. Standardizing, power, crosstrain and operate with slack. The good job strategy is not just about paying employees more or treating them better, it is about getting operational excellence. Melissa paying them more plays into that obviously. Absolutely. Paying more melissa do you think the strategy would work for walmart, for target, more mcdonalds . You know this kind of strategy, one thing i didnt invent this strategy. I observed it at highly Successful Companies and i observe it at large companies. So costco is one of my model retailers which is a huge retailer. American doughnut is spains largest supermarket chain. All of these companies i want to emphasize they compete on basis of low cost. It works for them. Melissa you would think it would work at target and walmart if they paid their employees more and offered fewer products . Both those things seem to fly in the face of the way theyre doing best and they seem like theyre doing well but do you think it would work in those cases . Look, there are different ways to make money. Companies can make money offering bad jobs and numerous products and they can make money offering horrible Customer Service. Melissa right. But they can also make money offering good jobs and following the good jobs strategy. What i saw good jobs strategy is much better strategy. Melissa how did they pay for this . How did they pay for having fewer products and paying their employees more . Did they have to raise their prices . Yes the prices are absolutely not higher. And the way they do this is because their employees are a lot more productive. Their costs are a lot lower around their employees, ill he will you play much bigger role generating profits. So higher prices and then, are the customers, i mean im sorry, somebody was talking at that moment. You said it is higher prices, right . Oh, not higher prices. No. It is not higher prices at all. Melissa where does the money come from then . How do they pay employees more with fewer products . If the prices are not higher where does the money come pro. Because the employees are a lot more productive. Employees can actually reduce costs. Employees when they perform their costs they dont make errors. They do it faster. They do it better. One of the things, bad jobs Cost Companies a lot more than they realize. Take a typical supermarket for example. There are thousands of product that is need to be shelved. There are lots of promotions need to be carried out and thousands of customers that need to be served. When you operate in this environment with employees who are either unmotivated, inexperienced or just too few in number there are operational problems and Customer Service problems. Melissa i mean the market, the market being what it is, if this is a more successful way to operate in these companies that you observed are making more money then why isnt everyone doing it . Well melissa does it not work in every industry . Conventional wisdom in business, melissa, if you want to achieve the lowest prices, you have to pay your employees as little as possible and treat them as a cost to be minimized. Of course if you want to make money at the same time. That is not to say that companies always make great choice, right . Companies can make choices just like people can make bad choices. We all know that exercise something great for us but regular exercise requires, you know, a longterm view, commitment, discipline, hard work. Good job strategy is a better strategy but it too requires longterm view. It requires hard work and discipline. Melissa real quick because were out of time. Would you say its a free market. If this is a Better Business practices businesses are free to do it right now. Theyre also free to not do it and take their chances. Do you think it should be federally mandated the minute pump wage would go up . Does it impact your outlook . Employees are not attracted to more stores because they are being paid more and minimum wage is higher. But theyre getting a a raw deal they think if you raise the minimum you understand what im saying . If the minimum wage were raised i think they would be encouraged with my good jobs strategy. They would look for way to improve productivity of their people. I think increasing minimum wage could benefit not just employees who would actually have higher wages but also companies and their customers. Melissa or places like costco would have to pay even more to differentiate themselves and pay more than the minimum wage i think. Thanks so much for coming on. Interesting stuff. Interesting research. Thanks for having me. Melissa next on money. Real predictions for Real Estate Market this year. Forgets new york city housing boom. Wait until you hear what our experts say to put your money. Give you a hint. Somewhere in the south and i bet you are going to be surprised. Starting to look a lot like men in black in texas. Cops down there are getting a hightech makeover just like the movie and they are fighting crime with pretty unique gadgets. Stay where you are. Do you ever have too much money . Me announcer ] this is the stor of the dusty basement at 06 3h street the old dining table at 25th and hoffman. And the little room above the strip mall f roble avenue. This magic momt it is the story of where every great idea gins. And of those o believed they had the power to do more. Dell is honored to be part of some of the worldgreat stories. That began much the same w ours did. In a little dorm room 2713. This magic moment open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Were open to it. So ally bank really has no hthats right, no hidd fees. Nt its just that im worried about, you know, hidden things. Ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. Melissa its a new year for housing. Foreclosure activity dropping to a sixyear low as the Housing Market starts to rebound but is it here to stay . My next guest is predicting a cooldown for the market this year. Joining me the executive Vice President at auction. Com. Why do you think well see a slowdown this year . The biggest single reason is jobs. There simply arent enough jobs. There is usually inflection point, somewhere between five and 6 house unemployment rate, where housing sales go up and down where the jobless rate is going. Even our employment numbers better is a bit of a mirage. What we should follow is Labor Force Participation rates. There are 3 million fewer people in jobs than would be under normal circumstance. Melissa Labor Force Participation rate is basically at an alltime low. Cooling in the market, there will be a slowdown in the pickup or is it actually negative . No, that is a great question. It will be a slowdown in the uptake. Well probably flat line in term of properties sold, five million existing homes, 4 to 500,000 new homes. Home prices will slow down significantly. I dont think well see a dip but maybe growth at 3 to 4 rate as opposed to double digits you saw this year. Melissa do you think mortgages will stall as well . That is other reason we think housing will challenged there this year. Hard to get a loan. Melissa still . It is actually worries right now. The Mortgage Bankers association downgraded forecast for number of mortgages issued because of early returns what is happening with the new rules from the cfpb. That much harder for people to get loans. Melissa we have a new head of the fhfa, former congressman mel watt. How does that change things . It solidifies the governments role in the mortgage industry in the foreseeable future. Melissa thats too bad. Too bad on the one hand because we would like to get private capital back. It is maybe a Necessary Evil because it keeps rises more affordable. If private capital comes in the prices would go up. Melissa it is but government in the market first place and doing all the loans and fhfa continued to back mortgages with 3. 5 down when banks were beaten for doing the very same thing. That is big reason we got into the mess in the first place. Makes me feel like there is hazard in the Housing MarketGoing Forward and government getting more inside of it. I cant imagine that you say that. I cant think of anything the government is involved in that isnt screwed up. Melissa they do a great job. Robert schiller said last year the Housing Market was not a great investment. Was that too dramatic . I think it was overly dramatic. He talked buying a house comparing to buying a car which i thought was interesting met at that pour. Melissa it comes closer to the truth though. It overdoes it but car is deappreciating asset. Everyone always thought a house was definitely an appreciating asset. I think his point was you dont buy a house as investment any longer. It has to make sense as a place to live and look at monthly cost versus renting. Is that still true . Yeah. Melissa because people are out there buying houses again to make money. Two answers for you. One, if youre looking for a place to raise your family, dont look as a house as investment. It is really not. Its a place to live. We got into trouble when people started looking at a house not to place to park their car. Melissa as the stock market. A place to park their money. People got in over their head. There are investors in the market today and they will profit on properties. Doing it twoways. Buying and flipping them now. Or buying and holding as rental properties which is prevalent investment strategy. Melissa is that smart . If you know what youre doing a great way to make a return. Melissa to know what youre doing, what does that mean . You have to understand what . You have to understand what your return rates will be. What is the rental market like in your area. You have to know what prices you will get on monthly bases so you know how much you can pay for the house. Factor expenses and maintain and do up keep on the property. There is a lot of Little Things that go into it. Again for people that do the homework and educate themselves and know what theyre doing. Melissa would you do it in memphis and atlant