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Adam not as bad as they were earlier. We are off of session lows and may go above 1700. One of the reasons the dow is down 82 points is ibm pulling but dow down and ibm is down 2. 2 accounting for 34 points of of the dow but not only the biggest loser on the dow, they got a downgrade which says their stock price could go as low as 175 a year a share, a big fall down is ibm and one issue is people dont want their mainframes as much as they used to. Lori the windy city has one of the most poorly funded Pension Systems in the country, 50 underfunded. No solutions so far. Could be the next major city to declare bankruptcy . Joining us is steve malanga, senior fellow and author of the indebted states of america, what a title of a book. What is the story with chicago . Truly as bad as detroit or heading in that direction . Economically not as bad a viable global city but their budget is a mess. 3 billion in taxes they collect, this year is the need to a 415 million for pensions and that is g

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