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tv   MSNBC News Live  MSNBC  March 7, 2011 11:00am-12:00pm EST

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the nation, chief of staff bill daley went on "meet the press" to tell david gregory the white house is keeping all options open to prevent a bump in the road to economic recovery. >> the issue of -- of the reserves is one we're considering. it is something that only is done -- has been done on very rare occasions. >> but it's on the table, which i think is significant? >> i think all matters have to be on the table when you go through -- when you see the difficulty coming out of this economic crisis we're in. and the fragility of it. >> msnbc's richard wolf is at the white house for us this morning. so, richard, how afraid is the white house that three straight months of this good economic news is actually going to hit the brakes because of these prices? >> well, they're always afraid that growth could stutter, as it has before. but not because of oil prices. there's not a huge amount of concern here. that's partly because they're looking at global production capacity. and that really means, to you and me, people like the saudi arabian producers who have
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historically kept some capacity for situations like this. there's a lot of volatility in the region because of revolutions and that's what the prices are reacting to. i think if we get up another $20 on oil prices maybe that concern will be different. right now they have other concerns, and they're trying to, maybe because they've been through worse, trying to stay on track for where they currently are. >> has there been much of a republican reaction to bill daley's comments from "meet the press"? >> you know, the reaction, the loudest reaction i've seen is from former bush administration officials who went through pro-sizely this when oil prices went even higher, and their response is, tapping the oil reserve really does not make much difference at all. there needs to be something much different, much more longer-term. the short-term pressures they face are not going to be addressed by the kind of things the chief of staff is talking about. >> richard, great to see you this morning. thank you. >> thanks so much. >> rising gas prices are having a ripple effect. it really is hurting consumers, as oil prices go up, and rise, so does the cost of transporting food and fertilizers.
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and as temps slowly rise, so, too, may airline costs. where will americans see any financial relief? the principle for the file style group of global analysts and a cnbc contributor. good morning. >> thanks for having me. >> all right. so this is all connected. and we start to see things really get out of control, spike, the more things get heated up in libya. explain, though, where libya has its role in all of this, as what we're seeing back here at the pumps in the states. >> well, libya, the problem with libya is that if there's an increased contagion, there's this fear of contagion that it's going to spread to other oil producing countries. such as saudi arabia. such as other opec countries. and that's where the fear lies. in addition to the fact that libya also produces 1.6 million barrels and they've held back a million barrels. if they hold back any more that's going to be a little bit of a problem, too. so really, the fear in the united states, the reason why we're seeing this spike, especially in gas prices, is this speculation of fear that it's going to spread to other
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different countries. >> well, for so many americans that have been hit hard by economic tough times, just a few bright spots are starting to pe perk late in the economy. what kind of message does this send to the people out there, the young person just out of college that's just getting on their feet to try to make it in this economy? >> i think the government is really trying to not present this doom and gloom scenario but it's a really good point. we are really getting our footing back in terms of economic growth here and i think in terms of what is the consumer is thinking, yeah, it's weighing heavily on the minds of that consumer. we just saw some incredible growth over the holidays. people are going back and spending. and i think having rise in gas prices, that's a direct correlation to how people spend. and that's going to be a real issue, as we move into the april, may and summer months. >> while this is certainly painful, this really isn't a level of crisis, per se, that the obama administration would have to say, you know what? it is time to tap into the strategic oil reserve. >> exactly.
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tapping into the strategic oil reserve is really sends a very strong message that we're in crisis mode. and the obama administration doesn't want to go ahead and do that. with that said, oil prices, and gas prices, need to come down before there is this prevention of spending. as of now people are starting to stop -- they're not spending as much as they had been. i think there was a study that just came out about 32% of american consumers are now starting to save a little because they're anticipating this rise in gas prices. so, as we move closer to the summer i think we're going to see a little bit of a holdback, as consumers spend. >> we should be, you know, it should be may for us to be having this conversation. >> exactly. >> typically that time of year where you start to say we're seeing the summer driving season upon us. >> exactly. >> and the prices start to go up. this really has nothing to do with the driving season. >> no, not at all. but again, as i said, i think the consumer right now, we're not really thinking about the rise in gas prices. i think we're just coming off the euphoria of the holidays. everyone was spending. people want to go out and spend.
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it's that frugal fatigue that people have been saving for almost 18 months during a recession. they want to go out and spend. this might be a little bit of a crimp in spending. but again we should really wait and see what happens in may before we actually -- >> you also connect the dots for us because it's going to drive up food prices. it's going to drive up the other things that transportation costwise that rely on gasoline to get from point "a" to point "b." >> that's another good point. transportation costs are going to rise, and the consumer is going to feel that by way of how prices are at the grocery stores. the commodity prices as we're seeing, too, are starting to rise. so that actually equals the perfect storm of rising prices. but, again, we really have to think about we're in march right now. i mean this conversation should be happening in may. >> and what are we supposed to do, though, as we watch this? i mean are we just supposed to sit back with our hands tied? >> that's a really good question. i think most people that are -- what we're seeing, also, too is the bifurcation of the consumer. i think that consumer who was
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able to spend during the recession, who had a job, that didn't necessarily have to budget that much, they're not going to be that affected by a dollar increase in the price of milk. but that consumer that still may be unemployed, i mean, yes, unemployment numbers came down, but that consumer that is still employed, that is still having to budget, they're going to be affected. and they represent a huge portion of that consumer that's out there spending. so, i think that consumer, you know, i don't want to, again, create this doom and gloom scenario, but that might be that consumer that, you know, might want to think about doing discretionary spending. as opposed to not discretionary spending. >> this is certainly the punch in the gut that an economic recovery doesn't need right now. >> right. i think again, don't want to paint the doom and gloom scenario, but yes. >> leave that up to me. thanks so much. >> thanks for having me. >> dozens of states attorneys general are meeting in washington today to finalize a deal that could force banks to pay billions for their role in the country's mortgage and foreclosure fiasco. still, with 2 million people already shut out of their homes
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and 5 million more facing foreclosure this year, protesters want state governments to put even more pressure on the banks to help those who were illegally evicted. but ongoing government efforts to stabilize the housing crisis are also under fire. republicans want to roll back two new obama administration programs, aimed at getting foreclosure victims back on their feet. saying that they're a waste of money. so where does this leave the average homeowner? and how do they protect themselves? the chief program officer of the national community investment coalition joins us now. david, good morning. these two obama administration foreclosure prevention programs, that's a mouthful, they are essentially right now in their infancy. explain to all of us why republicans are attacking them right out of the gate. >> they're very difficult programs. to really document success under. i mean the fact of the matter is under one of the programs, what's called the home affordable mortgage program, over 600,000 families have been helped. the administration's original
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goal was to reach 3 million families. apart from that program, there are also private sector programs that were conceived as a result of the government's initiative. they've reached another 1.5 million families. but on the horizon there are potentially 10 million foreclosures. families who have option a.r.m. loans, who have home equity lines of credit, who have subprime credit, who need help. who need intervention. frankly, from government, as well as from the services to sustain their home ownership. >> you know, i know a lot of people when we talk about this for certain people safe in their own homes might glaze over at these numbers, but there are real faces, real families attached to all of this. federal officials, hard-earned numbers saying the programs could benefit up to a million homeowners. is this title change or flip-flop being seen as the gop is protecting the moneymakers all along? >> the fact of the matter is is we have not seen a economic
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recovery effort really reach main street yet. wall street, certainly, bhans helped. >> right. >> but until we reach the typical family, whether it's a family in danger of foreclosure or a family who like most americans, who have seen 25% of their home's value evaporate, pushing their personal property taxes up, their school taxes up, making it more difficult to finance their children's education, or to retire, we, in fact, have every right to be angry and upset, and we need more from our government leaders. congress should not be ending these programs, they should, in fact, be making them more effective to realize their goals. >> we need to make sure that we don't fall into the same old, you know, behaviors of the past, so what are the ongoing concerns, advocates like yourself, others, might have about the misdeeds that took place during the housing collapse and the fear that it could happen again? >> well, i know they're talking on congress right now to eliminate the need for new consumer financial protection agency. and that would be a serious mistake. the unfortunate truth of the matter is, is that we have had
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to legislate strong and safe and sound underwriting in this nation. whether it's a broker, or whether it's the rating agencies, we had a systemic failure, coupled with the need to ensure sustainable loans in the future. we need to gingerly bring this market back to strength, and clearly, safety and soundness and strong consumer protections go hand in hand. and thankfully the state attorney generals historically have been a lead on this front. >> at least they're unifieunifi. david, what would be your best advice to somebody out there, a new, a newcomer to the marketplace, that wants to buy their first home? >> to look for a 30-year fixed-rate mortgage. to be sure that you have a good reserve fund in place for that house. and to ensure that you have a responsible appraiser look at the valuation of that property. and look at fha loans today. they're a tremendous trigger point for purchasing. >> david beurren balm, thanks for coming down today. appreciate your time. right now defense secretary robert gates is in afghanistan. gates says that the u.s. is
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well-positioned to begin pulling troops out this summer. the visit comes on the heels of a controversial remark he made this weekend that a small fraction of soldiers would stay in afghanistan, after combat operations end. joining me now is nbc's chief pentagon correspondent jim miklaszewski. from what you're hearing what is the purpose of gates' trip right now? >> well, as the secretary of defense himself it's part of one of his quarterly trips. he goes there about every three months to assess the situation on the ground in afghanistan. talk to the soldiers. talk to the commanders. but just as importantly, talk to afghan, not only government officials, but the citizens themselves. to try to get a sense of where the situation there is in afghanistan. and the secretary remains cautiously optimistic. that this surge operation, which added 30,000 troops last year, is having some level of success, and that the training mission to get those afghan soldiers and
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police up to speed, to provide some of the own security for the afghan people, is proceeding probably faster than people would have thought about a year ago. however, again, emphasizing cautiously optimistic. as in regard to troops remaining after 2014, the secretary has said before, his military officials have said, they would be in substantially smaller numbers than the 100,000 or so troops there now, to just keep an eye on things and provide a hand on the tiller, if you will, for those afghan security forces. but, again, all that depends on the conditions on the ground at the time. >> i also want to talk to you about the treatment of pfc bradley manning. he is the young man that's behind bars attached to the wikileaks scandal. explain what's going on with him, and the concern that are coming up about his treatment? >> well, it's almost a he said, she said kind of situation. because, the marine corps, which is in charge of the brig down
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there, say they are taking some pretty drastic measures. for example, taking away his clothes at night, forcing him to stand naked in his cell for morning muster at attention, before they eventually give his clothes back. they say that's all done because they're afraid he would hurt himself. however, if you talk to manning's attorneys and others who have seen him, and even some within the military who believe that what's happening here, is this is disciplinary action that exceeds any kind of responsible effort by the marines to ensure bradley manning's safety. however, we just asked the question a few minutes ago, if, in fact, pentagon leadership, the civilian leadership here, is satisfied with the treatment that manning has received so far? and we're told that there is a constant dialogue between officials here and the marine corps down there at the brig, and so far the civilians up here have yet to intervene. but it's, like the dialogue itself, this story is ongoing. >> jim miklaszewski at the
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pentagon. mik, thank you very much. appreciate it. tough talk in maryland as the state fights for marriage equality. a closer look at the battle lines up next. and hearings on capitol hill that some are calling a witch-hunt. what it means to be muslim in america. us restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth.
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welcome back, everybody. maryland is on the brink of becoming the sixth state to legalize same-sex marriage. but at the eleventh hour some longtime supporters are wavering. the final vote is a report by the state house expected some time this week. they can send it to governor martin o'malley who has vowed to sign it. joining me is the editorial writer for "the washington post" and msnbc crib eater jonathan capehart. >> good morning, thomas. >> the bill needs 71 votes in the state house to pass. where does it stand right now?
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>> supporters will tell you they're a couple votes shy. i know that there are efforts under way by supporters having other elected officials make phone calls to get people to -- republicans to turn their vote. this, whether this bill passes, it really is a 50/50 proposit n proposition. but as you say, governor o'malley has said if the bill gets to his desk, he will sign it. >> you've written about how several supporters of marriage equality in the state of maryland have shown signs of about a -- about their about-face including the democratic delegate who campaigned on this issue, that engaged his constituents by deleting a tweet saying he co-sponsored this bill and told another delegate he's going to vote against it. >> right. >> since confirmed his true support. are you surprised so many lawmakers, they're getting cold feet on this issue? >> a little bit. what makes the turnabout of
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delegate aurora most galling was he was not only a co-sponsor, he's in his first term. he raised money from the gay community on this issue p/e was actively a co-sponsor of this bill once he was elected and then suddenly, by a twitter he says i am, you know, thinking and praying and i'm hearing from everyone, and that was the first time that he was wavering. late last week he put out a statement after getting clobbered on his facebook page from people who were just incensed that he had changed his mind. he said he was voting for the bill in the judiciary committee. which passed late last week. he said he's going to vote for it when it comes to the floor for a vote, which is going to happen at some point this week. but then he backtracked on his support for full marriage equality, and said that he now supports civil unions, and then on top of that, announcing in the very same statement that he would favor and support a ballot referendum to do away with the law, if the bill passes and
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governor o'malley signs it. >> people are left scratching their heads thinking what's the heck here. marriage equality, really thrust back on the forefront of national politics. house speaker john boehner said he was going to be launching an effort to defend the federal gay marriage ban. you think this is going to affect how things are playing out, as i said, as we speak this is going on in maryland. do you think it's going to affect how things play out there? >> well, in maryland, i think, a lot of the concern among advocates is that if this goes to a ballot referendum that it could very well possibly pass. meaning, marriage equality would not have happen in maryland, there are some poll numbers out that show that a majority of people in maryland support marriage equality. but until those have to go into the voting booth, and vote yea or nay we're never really going to know. and when it comes to speaker boehner, and, you know, the congress defending the defense of marriage act because president obama and the justice department announce that they think it's unconstitutional and they're not going to defend it,
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look, speaker boehner, i bet, if you were to pull him aside and ask him, do you really want to have to do this right now, he would say no. his focus has been on jobs and the economy. but because of the cortical dar, march 11th, frist thid is the filing deadline in particular cases in new york and connecticut. so if they want to defend doma then they have no choice. they being speaker boehner and members of congress have no choice but to file papers this coming friday in that case. >> we'll continue to watch what's taking place in maryland. jonathan cape hart, thanks so much. and almost 20-year-old cold case is solved. the east coast rapist that we reported on last week, he's been arrested. how, was he hiding in plain sight. and we are a nation of garbage. and we are running out of places to put the stuff. stay with me. ♪ i was diagnosed with copd. i could not take a deep breath
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hi, everybody, i'm thomas roberts. here's what's topping the news now. wisconsin democrats are reaching out to governor scott walker asking for a meeting to resume negotiations on how to resolve the legislative roadblock on collective bargaining. the democratic's leader mark miller told reporters his side of the aisle is, quote, ready and willing to find a reasonable compromise. we're still waiting on a response to these latest comments from governor walker. a development to a story that we brought you last week. after more than ten years via cold case the aaron thomas, the man labeled the east coast rapist, was arrested and today he is expected in court, this after police say he tried to hang himself saturday in his jail cell. thomas was tracked down by u.s. marshals, after dna from a tossed cigarette butt linked him to the crimes. he's accused of attacking 17 women from virginia to rhode island, beginning as far back as 1997. new york congressman peter king, chairman of the house homeland security committee,
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starts hearings this thursday on radicalization in the muslim community. and it's already igniting some heated debate. hundreds of protesters gathered in times square saying the congressman is unfairly singling out muslim americans. the white house also weighed in on the controversy, cautioning against stereotyping while praising american muslims for helping fight extremism. in michigan, the fennville high school basketball team will play on despite the shocking death of one of their feel mates. wes leonard died thursday after making the winning shot in overtime, and then collapsing on the court. the decision to play in tonight's state playoffs was made after talking with the young boy's family. officials say the 16-year-old had a heart attack due to an enlarged heart. and we're going to be back with much more right here on msnbc. no other medicine, not even advil pm, is more effective for pain and sleeplessness. motrin pm. is more effective for pain and sleeplessness. how can expedia now save me even more on my hotel?
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sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announcer ] marriott hotels & resorts knows it's better for xerox to automate their global invoice process so they can focus on serving their customers. with xerox, you're ready for real business. we all know the expression it's a man's world. well it turns out it just might not be. things are not looking so good for the average american man these days. especially on the employment and
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education front, and with those losses goes earning power, as well. the average male salary is down 28%. that's almost $13,000. so what's going on, guys? business columnist david leonhart of "the new york times" is here to talk about the stunning downturn and whether or not it is here to stay. so let's talk about the explanation for why men are earning less. is it the fact that there are not enough job skills, not enough education, or is out just the fact that businesses aren't paying what they should for the skills of young men these days? >> there are two things going on here. first we basically see the average wage of a typical man who's working, keeping up roughly with inflation but no better. so that's basically at zero percent. but we also see a really big increase in the number of men who aren't working, who dropped out of the labor force, and this isn't just something over the last two or three years, it's over the last 20 or 30. 18% of men between the age of 25 and 54 are now not working. compared with about 8% or 9% during the worst recessions in the 1950s and '60s.
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so those two things are going on -- >> hold on one second. i just need to interrupt for a second because we want to go to president obama meeting with the prime minister from australia. >> i had a chance to meet during the asean summit and the g-20 summit, and was immediately charmed, as i'm sure at least a good chunk of the australian people are. we have no stronger ally than australia. and as we celebrate the 60th anniversary of our alliance, i think it's especially appropriate to have prime minister gillard here. i understand that you'll be speaking to a joint session of congress, which is a high honor that is reserved for only our closest friends. and i think it's a measure of the degree to which australians are held in such high esteem by
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americans, partly because we share so much. not only do we share a long, a commitment to democracy, a set of shared values, but i think there's also a shared sense of open spaces and the pioneer spirit, and as prime minister gillard said, the first time we met, it's what makes us great mates. we've had a very useful discussion about a wide range of issues. we began by me once again expressing on behalf of all the people of the united states, our deepest condolences for those families that were affected by the terrible floods recently. we want to commend prime minister gillard and her government, and all personnel who are involved for their timely response. what is, i know, a very difficult time, and once again we want to pledge any support
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that we can provide to the australian people in this moment of hardship. we also talked about a wide range of international issues. i'll be traveling this year to asia once again for the east asia summit. and we'll be hosting in honolulu the apec summit. australia and the united states have a shared interest in expanding trade in the pacific region, in promoting clean energy, in making sure that we don't have regulatory barriers that prevent our businesses from working across our borders. and so we're very excited about the prospects of joining forces with australia, and other countries, to promote growth, and employment in the region. we had a good discussion about security. and i want to once again thank the australian people, and the
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military families, who are making such extraordinary sacrifices in afghanistan. it is not easy. australia is our largest non-nato coalition member, making an extraordinary contribution day in, day out, and i want to personally thank prime minister gillard for her strong endorsement of our efforts there. and we discussed the fact that 2011 was going to be a year of transition in which we more and more provide the assistance necessary for afghans to take the lead in that effort. and we had a discussion about the situation in the middle east. and i think prime minister gillard and i both share a very firm conviction that the
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violence that's been taking place and perpetrated by the government in libya is unacceptable. australia joined with us in imposing swift and firm sanctions. comprehensive sanctions against the libyan government. we continue to monitor the violence there. i want to send a very clear message to those who are around colonel gadhafi, it is their choice to make how they operate moving forward, and they will be held accountable for whatever violence continues to take place there. in the meantime, we've got nato, as we speak, consulting in brussels, around a wide range of potential options. including potential military options. in response to the violence that continues to take place inside libya, in addition, we have taken the lead on a host of humanitarian efforts i just
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authorized an additional $15 million that will be provided to aid organizations that are already on the ground and we've been coordinating with the united nations, which now has a number of personnel on the ground, as well, to make sure that people are getting the help they need, and we are in a position to respond to any additional emergencies that may arise out of the situation there. but the bottom line is australia and the united states stands shoulder to shoulder in sending a clear message that we stand for democracy, we stand for an absorbance of human rights, and that we send a very clear message to the libyan people that we will stand with them in the face of unwarranted violence, and the continuing suppression of democratic ideals that we've seen there. so, because of these shared values, because of the deep and long-standing relationship between our two countries, it is extraordinary pleasure to have
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prime minister gillard here, and i have to say that from a distance, at least, she is doing an outstanding job. is a very quick study. and we look forward to, since she's a former minister of education, visiting a school here in washington, d.c. where we expect the smart students over there to ask all kinds of difficult questions. but, i know that prime minister gillard will have good answers for them. >> and we have president obama talking with the australian prime minister gillard there, talking about the friendship of america, and australia. but importantly, they're making comments about libya and saying that the conditions there, that the libyan people are facing right now are unacceptable, jim maceda is live for us in tripoli. i want to talk to you about what you're seeing there, as we are getting reports that gadhafi is using heavy artillery on his own people. so set the scene for us about what's taking place in that country.
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>> well, he is. but, the heavy artillery now is something that's been used on both sides now for about a week. and it is civil war, and i'm not afraid to use the term, because it is really that. it is now entering another critical phase, it's a more intensive phase. you're seeing, again, a lot more heavy weapons. and the rebels are using aaa anti-aircraft artillery against approaching government forces, just as the government forces now are going in to these towns, and using tanks and what have you at very smart range against residential buildings. it is extremely violent. it's unacceptably violent, as the president has just said. but it is continuing. it could last a very long time. if we talk simply right now about the western or starting with the western part of the country, those two key towns of zawiyah and misratah are still in rebel hands, despite the celebrations yesterday in tripoli, that the war had been
quote
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won, and despite reports coming from the government to the conrather, rebels still hold the martyr's scare in zawiyah and they're also very much in control in misratah, so much so that people there now are beginning to organize into those people's committees. there's a governance khirtty. there's a security committee, and there's video coming out, amateur video on youtube showing the route that those tanks took yesterday, government tanks that were lured in to the center of misraut misratah only to be hit by heavy weapons, heavy guns. in the east, however, it is clear now that the government forces, the gadhafi forces are getting an edge. they do have superior fire power, and especially air power. we saw that on sunday. that rebel advance coming towards tripoli. from the east. was stopped dead in its tracks in a town called bin jawad. mostly because of helicopter gunship fire.
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withering helicopter gunship fire and they returned fire, aaa fire, as well. so we're talking about really major war here going on. the objective, of course, for the rebels is to get to the town strategically, the gateway to tripoli to the east but it's also, as we all know, moammar gadhafi's hometown. so it has a lot of symbolic significance, as well. thomas, it's really hard to see, at this point, how the opposition from a military point of view, is going to be able to win this on the battlefield. they've got about 1,000 fighters. we know that gadhafi has 100 times that in terms of regular and irregular fighters. and this protest that just never happened is still not happening. so there's from a morale point of view it's also hard for these rebels to rally around the cause. back to you. >> jim maceda in tripoli for us. thank you very much. i appreciate it. we want to get back to david leonhart, we were talking about him what it's like today to be a
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man in this world and the wages that they face, a lack thereof in certain aspects. david i appreciate you rolling with the punches for us just for a few minutes there as we were listening to the president talk about his meeting with the australian prime minister. so let's get back to the topic at hand there. men and salaries. because in the old days, guys were really dominant in the workforce. that's thanks to jobs of manufacturing, also jobs in construction. explain to us why that's no longer the case. because we've lost, really the foothold in america on manufacturing work, haven't we? >> we have. and there are really two things going on here. one, we've had a change in the economy. while manufacturing output is still at an all-time high in this country, we need many fewer people to produce these things. because companies are much more efficient. and then, added on top of that, we had this huge bust in the construction market. and a lot of men were working in construction. so that's one set of reasons. the second set of reasons is that men have really fallen behind on education. there's been a huge increase in educational attainment for women.
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men today are roughly as educated as their fathers were. and men who've managed to keep their jobs are also making roughly as much as their fathers were. there's a real connection there without increasing educational attain minute it's very hard to get big pay increases. >> i don't think anybody would say the competition isn't good. but when it comes to competition on the education front, guys are facing challenges because 2 million more women than men are graduating from college over the last ten years. now it seems like that women actually outpace, outnumber men on college campuses currently three to one. any insight there on why -- where men are instead of going off to school? >> it's not entirely clear. what exactly they're doing. but we do know that men drop off at nearly every stage of the educational process. so we have more women graduating from high school than pen. we have more women going on to college than men. even within college, women have higher graduation rates. so we're losing men in high school, we're losing them between high school and college and we're losing them again in college. as you said, women are now
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significantly more educated. young women are significantly more educated than young men. >> i guess the message for young men to take away here is what? >> well, there's only one group of workers when you look at educational attainment who've managed to get a raise over the last three years, in spite of this recession and that's college graduates. so a college degree still pays extremely good returns. the ratio of pay from college applicants to everyone else is once again near a record high. so even though college graduates have suffered in the recession the way everyone has, they've suffered much less. and so education still remains just about the best thing an individual can do to maximize their chances in the labor market. >> it's the best foundation for a fruitful life. that's for sure. david, thanks so much for coming on today again and rolling with the punches there with us for president obama. >> thanks for having me. >> all right. so are we running out of room for all the garbage we produce as people in the u.s.? a closer look coming up for you. and we're going to take a turn on the flip side. today's question, is there crying in sports?
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>> are you crying? >> no. >> are you crying? >> no. >> are you crying? there's no crying! there's no crying in baseball! hey buddy, wattaya lookin' a-oooh. ♪
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go to e-trade and get unbiased analyst ratings and 24/7 help from award-winning customer support to take control of your finances and your life. tap into the power of revolutionary mobile apps. to trade wherever. whenever. life isn't fully experienced sitting idly by. neither is investing. e-trade. investing unleashed. all right, welcome back, everybody. listen to this, the average american throws out more than four pounds of trash per day. but while some states are running out of room to put their garbage, others say you know what? we welcome it. we do so with open arms, and stand to make a sizable profit by doing so. massachusetts and rhode island will use up their current landfill capacity in 12 years. new york saying it's going to do that in 25. but right now, get this, arkansas has enough space to bury their trash for the next 600 years.
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here with me now is slate.com contributor brian palmer. good to have you with us. you're our trash man for this segment to explain what's going on. seems like america not running out of room for storing its trash and now states are learning how to cash in on this. so where is the lesson to be learned in all of this, if we shouldn't recycle more? >> well, the way to think about landfills or trash, i guess, they're a little bit like prisons. >> right. >> in the sense you might not really want one but you can make quite a bit of money on it. what's happening in the last 30 years or so is we've moved from a lot of pretty small landfills. 30 years ago almost every community had their own little dump. >> right, yeah. >> and in 1976 congress passed a law kind of regulating them a lot more strictly. and it became very expensive to run a dump. we don't call them dumps anymore, we call them landfills. apparently even people who work in trash their have their pc. >> right. >> and we lost about 75% of the total landfills even though the amount of space remained the same. people in big cities decided i don't want a gigantic landfill
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near my property, i would prefer to put it on a train or truck or overland places to like west virginia where new york city sends a lot of its trash. >> i remember as a kid going to the dump. you could pitch stuff in there. it was an exciting time for kids. you write about the tremendous amount of money to be made from taking in garbage. trash prices running $29 a ton and kentucky has enough room to bring in $6 billion of cash. ohio has the opportunity to make $21 million off of other people's trash. so, when people look at it, and especially financially, and states that are in a pinch financially, is this worth a look at them for cash-strapped states? >> it can be. prot be lem is it takes six to eight years to get a landfull up and running. it's hard to know where you're going to be in that amount of time. for a state that doesn't have a vibrant economy it can make a lot of sense. but sending trash across the street was a lot better in terms of energy usage. if you look at -- if you dropped
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a bag of trash in your chute in new york city 100 years ago, they put it on a boat, floated it just far enough out to sea and pressed the eject button. >> in the atlantic. >> exactly. >> then they started sending it to staten island, which was new york city's i guess personal private dump for several years. and now they have to send it too west virginia. new york city burns through about 760,000 tons of carbon dioxide just moving their trash. >> what are the regulations in place for this transportation of trash? >> very few on the transportation actually. it's basically a private deal between a municipal government and private dump. the regulations are more strict in terms of what happens when it gets there. in many dumps, the liquid, leach it, i like to think of it as
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garbage juice. it's terrible for the environment. they made laws in 1976, they had to line the garbage dumps. also methane, more famous with cows than garbage. now, we have to burn that before it heads into the atmosphere. that's where the real regulation happens. >> all the more encouragement is needed for us to recycle. >> we're up to 24%, which is a huge increase. we're only landfilling less than 1% more per year and less use of paper that we have. people don't read papers as much anymore. get their news from places like slate. who's crying now? it's up next. homeowners -- rates have been going up, but you can still refinance to a fixed rate as low as 4.75% at lendingtree.com, where customers save an average of $293 a month.
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now it's time for the flip
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side. today, we start with an issue many are split on. crying in sports. the heat in nba star team, lost their fifth time in six games yesterday. according to their coach, the pressure's mounting. the coach told the media quote -- the coach was trying to show fans and reporters how much his players cared, but instead got backlash about the team's manhood and timing of the comment. but sometimes, crying is accepted. before his mess, the nation got choked up along with tiger woods in 2006 winning the british open after his dad's death. it's not just for winners. roger federer shed a tear after losing to nadal. but one image almost all are tired of, the crying brett
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favre. we expect his retirement to be the last. that's does it for me today. i'll see you at the same time 11:00 a.m. eastern every weekday morning and contessa brewer picks things up. >> always up for a good cry. they call me contessa cry baby. not to my face. one lawmakers is comparing bradley manning's treatment to abu grash in iraq. and taking the plunlg. we have more after a quick break. whoa! that leaves lots of pieces behind. that's why there's charmin ultra strong. than the ultra rippled brand, it's no wonder charmin ultra strong holds up better for a more dependable clean. fewer pieces left behind. business is looking better. it sure is. [ female announcer ] charmin ultra strong. enjoy the go. and for an extra-clean finish, try charmin freshmates.
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