well, wall street loved friday s job report, driving the dow jones up 200 points, but while 203,000 jobs sounds like a lot, and it is, it s not enough to make up for the millions of jobs lost in the middle of the recession. alexandra, join us now, what is the bottom line of this report? are we still limping along? we are adding more than 2 million jobs to the economy for the third year in a row but it isn t enough to make up for the jobs lost during 2008 and 2009, what s especially good about the november jobs numbers there are more higher-paying jobs being created, $24 and $25 an hour jobs in industries like transportation, warehousing, construction, health care, manufacturing. better paying jobs than we ve seen created in the past and these jobs come on top of job gains in industries where we would expect to see some hiring
celine dion, elton, and cher. once they happened in vegas, they often stay in vegas. it s called a residency. casinos pay big bucks to secure exclusive rights to a performer for weeks even years. in turn the headliners get to build the show of their dreams, complete with all the vegas pomp and plumage money can buy. what s up, vegas? reporter: tuesday night sin city pulled out all the stops for its newest recruit britney spears. starting on the 27th, spears will perform for two years at planet hollywood, nearly 100 shows total. for a reported $30 million. in vegas we re always looking for top entertainment, right? the value isn t having big name artists in the city on the properties promoting a hotel and a casino. reporter: he helped negotiate the deal. the residency business is great for tourism for these
inflated the bubble and wreaked the havoc spread through the real economy, what you see is the economy insofar as you get a lot of the money that s being made. people like paul volcker, people on the street are telling you this. the money is being made in ways that are not socially useful, it s harmful. value isn t matched to price in a good way. no hedge funds. no casino money, trillions could change hands in debts every y r year, would that wind up back in the real economy, increasing manufacturing and job creation and so on? the way to think about this is finance is an intermediate good. you want it to take money from savings and channel it to investments. that s all. that s all you want it to do.
if he do get it fixed, debby wasserman schultz may have a point that more people will be ensured. what about those who lost insurance? they re getting better insurance. you re addressing access. they ll fix the website but they re not addressing the affordability part of it. of course they will because if you have access to the website you can shop on these exchanges for cheaper more affordable health care. if they don t, they re going to be in a lot of trouble come 2014, i agree with that. the shopping aspect is not there. take it from a shopper. it s not that affordable. you love to find a bargain. i love it. i love free shipping. amazon prime members, you can get shipping on sunday. also helps the u.s. postal service. i m a shopper. i m an expert on these thing, greg, sorry. but the value isn t there, that s the problem. it s flawed on a number of levels. what is gross fireable incompetence is the fact they knew about it ahead of time, threw millions at this, still isn