dancing has gone viral, but is it safe? the ambulance was safety, and the driver was on his way home. let's talk about it. tweet my your thoughts. real money with ali velshi.. >> in the world's biggest election the winner won by a landslide. we will look at the new leader of india and explore it's pro business agenda and what it could mean for the rest of us. and general motors series a record fine but in the big picture its still just a drop in the bucket. and remodeling is the new moving in today's housing economy. this is real money.

>> this is real money and you are the most important part of the show. tell us what is on your mind by tweeting us at ali velshi. india is celebrating what could be a crucial boost for that country's troubled economy. narendra modi surged to victory in a landslide over the ruling congress party. more than half a billion indians cast votes to put hundred do you's national party on track. and that makes modi india's next prime minister. many supported modi. the 63-year-old leader, and son of a tea peddlering. supporters were inspired by promises to pump up investments, create jobs.

modi will inherit a country plagued by corruption and inflation. the earlier stellar performance is a key reason india became the iin bricks. the acronym for some of the world's growing economies. budget deficits and weak consumer demand have taken a toll on the world's tenth biggest economy. the stock market surged to a 6% record before closing up 1%. the 30 year stock sent its index up 22% since m odi became the prime minister candidate, and the rupee has stabilized.

and the country's rating could be raised if the government cuts the budget deficit and takes other steps to restore confidence. that confidence is critical to increasing investment in the country. the key to that lays partly in modi's ability to cut red tape. >> reporter: with celebration comes hope of a jump-start to india's economy. in his bid to become prime minister, narendra modi vowed to roll out the red carpet not the red tape to investors, and cutting the red tape is much needed. everything in building roads to factories has been stalled. making it difficult to buy land is one of them. it's estimated that the sluggish growth has cost india $104 billion in investments. >> you hear stories about countries waiting until the

government is more business friendly before investing. >> reporter: foreign investment is higher than it was before. some economists say expectations need to be tempered since it will be far tougher for modi to accomplish on a national level what he did in his home state. >> reducing the amount of red tape that's holding back india's economy won't be easy or quick. author of "my two india's," she joins us now in studio. your reaction to the election? >> i was florida by how definitive it was, i was to say. for weeks everyone said narendra modi is going to be the next prime minister of india. i don't think i expected it to be so resounding. i thought that congress, the

incumbent party having been the party of india's independence, i thought some folks would still be hanging on and you saw a total sweep last night. >> to deliver on his promise of economic empowerment what steps will we need to take. >> reducing red tape is really at the front of his agenda. there is what is known a license in new delhi which is to say to push one paper from one agency to get approval for mining license, for example, could take up to 12 years paying every step of the way. that's partly what has deterred foreign investment. modi knows this and he'll have to take steps to get two types of watchdogs.

j. >> there was an act called "right to information" a few years ago which basically empowered indians to ask the government for information. and so there are weapons like "report a bribe," and is this going to constitutionally change everything overnight, no. i think everyone knows this is going to be a slow process. but the promise of more important investment. the promise of jobs is going to have to move this--i mean, that's the hope here, that it's going to move it in the right direction. >> what sectors of india's economy will see the most foreign investments in the short term now? >> there are some sectors that

have been open, mining, for example, the process of getting a license or being able to actually mine the root of infrastructure development and field and it's a cumbersome process. we'll see more investment there. media is another sector to keep an eye on. right now foreign investment and media, are we about to see al jazeera in india? so there is a potential for information and tech companies coming in in a way that they haven't been able to. >> is there the potential, though, for media companies afraid of a hard line right wing government that may be friendlier towards censorship than a centrist government? >> that's an excellent observation. in modi's case don't forget this is the right wing party.

there is a cultural agenda here. this is a way of life. he ran on a secular campaign, but many wonder if it's just to get him in office and if he'll walk that talk. india has a long history of censorship, books, what people are allowed to express. this is an area where a lot of intellectuals are afraid. there are many who are in fear intellectuals today are not pleased with this outcome. >> in american politics we always talk about a honeymoon period when a leader gets elected. is there such a thing in india, and how much time does modi have to show people that things are changing, before they get jaded. >> india has not handed this many seats to a party in 30 years. that tells you that a population was waiting for an answer.

now, if you wait to be the answer, that remains to be seen. but i think there were so many people willing to give that chance. this is not a case where he, like, squeaked bu by. this is a resounding victory. there is this climate of fear. but for the most part his attitude we have to move ahead. we have to build it. the jobs will come. this demographic is hungry for jobs and education. that's his platform. i don't think anybody would disagree that india needs more jobs in india right now. >> the idea's editor. thank you for coming on the program. >> thank you. >> you're welcome. call it the cost of silence. general motors will pay a record fine for waiting too long to tell anybody about a defect that led to crashes and deaths. we'll look at what that means in the long run for g.m. and

consumers coming up. how big business is trying to tailor classes and fill jobs at the same time. that story and more as "real money" continues. the sun... >> saving you money >> we harvest a lot of free energy >> and so we're completely off grid here >> how many of the appliances were almost a little too smart for us? >> techknow every saturday, go where science, meets humanity. >> this is some of the best driving i've ever done, even though i can't see. >>techknow

>> general motors is paying a steep price for failing to speak up. it was slapped with a

$25 million civil fine for waiting too long to acknowledge faulty ignitions that led to several crashes. mary barra said that she only learned about the problem last december, but investigation shows that the company knew about the issue years before. >> since 2009 g.m. has had information linking ignition switch problems with airbags failing to deploy. they had that information, and they told no one. they didn't tell ntsa, and they didn't tell their customers. in the meantime the customers were driving cars with a dangerous defect. >> $35 million doesn't sound like much. one of the biggest automakers in the world. but it is the maximum allowed.

today's deal allows g.m. to take part of unprecedented oversight in the production of its cars. we go to bisi onile-ere. where g.m. has its headquarters. what is the reaction from g.m. >> reporter: i can tell you right now the head of the transportation department made it clear that general motors broke the law saying had general motors issued release on these vehicles sooner, lives could have been saved. the automaker is facing $35 million fine. it's a record pay out to ntsa and it's the maximum penalty under law. earlier this year general motors came under fire. it was back in february when it waited over a decade to report these recalls. millions of vehicles that had faulty ignition switches. this default is connected to multiple deaths as well as

crashes. shortly after these crashes came out and found that g.m. knew of all of these risks but did nothing about it. soon after today's press conference with the government mary barra released a statement saying we have learned a great deal from this recall. we'll focus on the goal of becoming an entry leader in safety. as a part of the settlement g.m. has agreed to make internal changes when it comes to safety. now, g.m. right now they're not completely in the clear. two congressional committees, they're still looking into g.m. in recalls as well as the justice department. right now general motors is facing a number of class action lawsuits and criminal charges could be down the line. >> bisi, there is an accusation there is a culture of g.m. that needs to be changed as well. did mary barra talk about that

today? >> the thing we've been hearing a lot of with these recalls, they're the result of the old general motors. mary barra has been with the company for many decades but said she was unaware of these issues. i think the way general motors is able to get past this is that they're equating themselves with the new general motors, and that old culture of ignoring issues as they did no longer exists. >> thanks for that report. for more now on what the government's focus on g.m. will do, the culture of the company and what that means for auto safety. we go to nicky joins us from phoenix. first of all, your reaction to ntsa today. >> reporter: one of the things i

was thinking about this announcement. from november 2009 was when general motors and other car makers were going to congress to ask for a help. ford bailed out of asking for a bailout. but this was the time g.m. was looking for help. but in 2009 you would want your company look like it needed help and deserving of help. there could be a reason why this information was not disclosed. >> the $35 million, the maximum that ntsa can impose, but can you put in perspective why this is just a drop in the bucket for g.m. >> right now they will are allowed certain fines. there are three recalls, and it adds up to this amount

essentially the thinking is that the car company shouldn't be burdened necessarily with higher fines at a time when they're trying to fix cars. but obviously with the general motors situation. and other recalls there is some support that is growing for bigger fines for the car company. >> we heard from bisi onile-ere that mary barra has come out and talked about the culture that a lot of g.m. executives like to blame some of these problems on the old culture of g.m. not the new leadership. dubai that? does it work? >> i'm not sure that i buy that, and according to the wall street journal, they have hired their own lawyer to find out why the board of directors didn't get information on these recalls. this is something that is happening right now, and the board is very concerned that the information flow didn't make its way to the top.

so ms. barra can blame the old g.m. culture, but if it's old general motors something is going on now, and the board can't get the information that it needs. >> because g.m. went into bankruptcy, the old g.m. copt be held liable, but they might bring criminal charge to g.m. do you see that happening? >> i'm not sure that there could be criminal charges but there could be a settlement like the one they reached with toyota. toyota admitted fault and agreed to pay $1.2 million in cash, they issued a check to the justice department. but g.m.'s situation gets sticky because old general motors they spun off that part of the company that has liability for this. new general motors it cancally is not liable, but it seems like

they'll have to pay in some way. >> what does this do for g.m. products moving forward. does it also drive up costs? >> well, every automaker would tell you as there are more safety requires that costs go up. i think general motors and other car companies are putting a greater level of scrutiny on defects. we've had two instances general motors and toyota where the government has gotten involved and the government has forced these companies to pay up, or in g.m.'s case it's a small amount that will probably get bigger at some point. i think we'll see an improvement or increased focus on safety and yes it will cost more. >> as far as g.m.'s future what do you see that being given the way their product line is going and possible exposure from this case? >> g.m. has very important vehicles coming, and i know the company would like to have everyone focus on those vehicles

and not so much the problems of the past. but there are probably a few things more coming. they've hired kenneth feinberg to decide whether the victims should receive compensation. this is the gentleman that handled the bp spill victims. therel be more congressional hearings. i see this staying in the spotlight through the summer and possibly into the new year. >> micki, than thank you for shg your insights, we appreciate it. >> my pleasure. >> for new college grads. >> they brought in actual cyber working people saying these are the classes you need to take, this is what they're going to look for on your resumé and this is what you need to get a job.

>> blues do you want to buy a bigger house for your family? a lot of americans are choosing to remodel. we'll explain the financials when we come back.

>> it's the season for pomp and circumstance college graduates receive their long awaited dim plow mas in on--diplomas in one

hand and a student debt bill. the average graduate will carry a balance of. $33,000. in the meantime, the class o of 2015 will have even a bigger debt load. they're trying to put students in a better position to pay off their debt. and it will help students land jobs. these days companies are throwing millions of dollars at undergraduate programs that's helping schools fill funding gaps and let businesses know what they're getting when they hire someone right out of college. >> how many computer languages do you speak now? >> i now it's six. >> which ones are this. >> reporter: lauren is a junior

at the university of maryland, baltimore, county. she and a dozen other students are learning to sift through computer code and cyber viruses as part of a program heavily designed and funded by u.s. defend contractor. the professor runs the university's cyber security program. >> corporate research goes to graduate students but increasingly businesses are realizing they have a pipeline problem at the graduate level. >> largely focused on emerging industries like social media and mobile technology. >> our companies rely on these new fields and the skill sets within them to innovate. there is a very high demand for undergraduate students. >> brian fitzgerald runs the business higher education forum. the association of corporate executives and university leaders help broker the deal.

he said schools are welcoming corporate influence because they need the money. >> federal and state spending on higher education has dropped from approximately $90 billion to $69 billion. at the same time demand for higher education continues to increase. >> students like emily are enrolling in the program for cyber security because she sees it as an easy road to a good job. >> they brought in a lot more actual cyber working people. in three or four years out of school who were able to help us and say these are the tax clasclassesyou need to take. this is what it takes to get a job. >> offering scholarships, fund computer labs and high tech resources, it's helping to devise course work that it's employees need. >> it will craft a framework for

the course work, and then as a team we'll go back and review that framework. the firms in the industry will make recommendations. >> firms have also given money to colleges and are now helping to shape curricula. >> they're redesigning researcher so undergraduates can get research experience through the corporate funded research. >> other big business names are actively helping schools design course work to create the type of employees these corporations need. they also find cyber security program at california poly tech state university. >> all thee instances are investments we've made at the undergraduate level. we've protected the core curriculum and added in decision to that the cyber security aspects. >> that's been a win for emily.

>> do you have a job lined up? >> i do. >> what's your job? >> i'm going to be working in strategic operations. >> how much does that pay? >> $75,000. >> $75,000? >> remember lauren? >> i'm planning on getting my master's after i graduate and working at the same time. i'm planning on working for the department of defense. >> reporter: in baltimore county, maryland, al jazeera. >> some critics worry giving corporation as big role in designing school course work may leave graduates too narrow of an education. they say that could hurt them in a career that would most likely involve multiple job changes. but supporters say high tech jobs require drastic action. coming up, how contractors

adapt to the ups and downs to the housing market through renovations. a woman who made a big move to save her business, we'll check in on how she's doing after this.

>> we have to move out of here right now >> i think we have a problem... >> we have to get out of here... >> they're telling that they they don't wanna show what's really going on... >> mr. drumfield, i'd like to

speak to you for a minute... >> this is where columbia's war continues... >> ...still occupied... >> police have arrived... you see the blast scars from a bomb that went off... >> what appeared today to be a very positive report on home construction appears to be the tale of two housing markets. housing starts when ground is broken to build new homes soared by 24.4% in april compared to the same time last year. that sounds great but most of the big gains occurred new construction in multi family

dwellings like apartments, condominium and the like. single family home construction provides a bigger boost to the economy. while the home market is a sliver, it packs a bigger market of the existing homes sales. you throw in the additional spending that home owners lavish in home building and furniture and appliances when they move into the new home, you get the bigger picture. there is an added advantage for remodelers who are receiving renovation projects. there is an boost in orders for this family-owned business. kevin has been remodeling for more than 40 years in the bay area. he joins us from san francisco

to explain the demand where he is. first of all, what are you seeing out there? >> a lot of work. a lot of stuff going on. >> is it remodeling? tell us specifically where it's coming? >> well, the big jobs i see the multi family and 2,000 new units in highrises, we don't do that. but in my part of town you can go block after block and see six and seven figure jobs in progress right now. >> how does that compare to previous years? >> it's a lot more than it was. it goes back to 2007, 2008, it seems like it's more than that was back then. >> is there any particular kind of job within the remodeling that people seem to be focusing on right now? >> well, it's either expansions, additions, those are usually modern. and i think modern is more in. younger architects are drawing up stuff that is better. i didn't think it was so good a few years ago, but i like it

now. that's whose buying it. the 30-somethings with a lot of money. >> a lot of those 30-somethings, they made their money in the tech industry. are they talking much about how that industry is doing, and why they now have the cash to spend? >> well, i'm not really up on the tech industry. i just see the results. stock market, ipo, i think there were a thousand millionaires when they did their ipos, just instant millionaires. it comes from the stock market, i think. >> when somebody comes to you and says i love where i live. i'm trying to decide should i move? should i go to a bigger house, should i remodel? what is the advice you generally give them? >> well, if they like the location they probably should stay. there is a cost of selling a house. so you could put that money back in your house. you can get what you want.

in my market if you want to sell a house and spend a half million more you might not get a better house but you can make your own house better. if you buy another house you'll have to remodel that one. >> and folks who decide to go the remodel route what is the best way for them to save money along the way? >> well, keep it small if you don't want to spend very much. try to use existing space. the most cost effective and fastest jobs are in existing buildings, use spaces that aren't used before, and it's faster because we don't have to go through the planning department to get permits for those jobs. >> i've asked you about the customers. what about your colleagues, what has business been like? are you adding more people to your workforce? >> we just hired two people. everybody seems to be pretty business, and the architects are

pretty swamped as well. we think it's still going up. i was in a meeting today where architects and contractors meet, and everyone seems to think that it has not peaked yet. >> any of it related at all because of the drought o that california has been going through? >> what the drought caused was no slow down in work. people could do a lot of work. the only drought difference is some of the bluin plumbing codee changed. the weather allows more building, and we're not sure if it's going to rain much. >> well it's good for your business. kevin wallace from wallace remodeling. thanks for being on the program.

>> thanks a lot. >> as part of our continuing series america's middle class rebuilding the dream we'll be tracking the ups and downs of three families yo living paychek to paycheck. we introduced you to jodie bolen. she's struggling to keep her store and life afloat. she took a major gamble moving her gift shop to a new location in a last-ditch attempt to save it. we checked in with her to see how business has been so far. >> we've been open for about a week, and it's been very, very slow. maybe one or two customers a day have walked in. and it's caused some depression and anxiety. i was with so much stress with the move out that i didn't take the time to think about it's not just going to be coming through the door left and right.

even though the rent is lower, there is still merchandise, there is still vendors, there is still a lot of overhead, so the weight of the high represent is gone, but now the stress of starting over almost with the new location. vendors are arriving daily to get ready for my may 3rd grand opening. today, may 3rd, 10:00 to 3:00 is my grand opening. people know i have live music, 20% off everything in the store. >> i hope people are curious and they're going to come. >> it was a slow start in the beginning, and a few times i looked at the receipts, and i thought, oh, no, is it going to even meet half of my goal for today? then it started picking up. then i started feeling a bit more relieved.

feeling the energy and the number of people coming through the door and at times i looked around, and the store was kind of full. the music was going. i feel like it was really a good start. >> we'll continue, of course, to report on jodie's progress. we'll get updates on the families throughout the year. if you thought your seafood bill was expensive take note. the san francisco hedge fund said it's going to pay more than $2 billion to buy red lobster for the seafood lover you in. the chain will join golden gate's diverse group. red lobsters current owner said it will use the money to repay down debt and purchase stock. it will include off live garden and capitol grill. the nigerian paradox, the country's stunning growth has made africa's economic muscle,

and yet more than half of the country lives in poverty. we'll talk with a prominent nigerian businessman and philanthropist who wants nigeria to spread more of its wealth. an

al jazeera america, take a new look at news. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america

>> the kidnapping of 276 school girls in nigeria by the group boko haram has outraged the world. nigeria is much bigger than all the recent headlines about violence and corruption. it's the fifth largest exporter to the world of oil and opec. the country is pitching itself as an investment destination in so-called emerging markets. the government said 60% of nigerians continue to live in extreme poverty. last month addressing the united nations segment on flow meeting nigeria--he spoke to ali velshi earlier this week about nigerias

continued growth. >> it's not necessarily the costs in nigeria, but we need to look at this. instead of, we should see how we can become part of the global village. so the issue i' is unfortunate t it is economic students. >> we talk about knack quality has remarkable income equality.

there is a new middle class that is emerging in my yea nigeria, t you've got super elite. you have to manage that growth. it is. >> it is actually in my view a phenomenon. there in lies the challenge the government, the private sector, the ngos who should think about how to create economic opportunities. how to create more jobs for people. if people have jobs, then the less terror. so i believe that we could do

something about it. you look at africa, friendships, it is projected that in 2020, 122 million africans are in the labor force. and what is going to happen to about 60%, add that to the current unemployment. >> nigeria and kenya are countries with a very young population. so when you have young people who are not employed, that creates social tensions. >> young people who are not employed, young people, what should we do? -- >> you started a think tank, an african think tank.

>> yes. >> what is it modeled after? what is it doing? >> the philosophy of economic of philosophy. by creating economic experience you help with employment, and bridge the gap between the rich and the poor. but to make sure that it's a movement that everyone buys in to, that others invest, we generate data, statistics, that help show that as a company it can do well. it can do even better by investigating in a manner that is long term, in key sectors. also, creating the correct

environment can help with social issues. >> coming up this sunday on al jazeera america new document series called "the system." a look at america's criminal justice system and whether justice is being served within it. here's an excerpt. >> what did she do? >> nothing. nothing at all. >> serving a life sentence for murdering a school teacher three years after he raped and murdered angela, and of course that murder might have been prevented. >> actually after that we came back and showed the video to jeff, and jeff was very upset because cunningham had said he didn't realize anybody had gone to prison for that killing. >> on september 20, 2006, after

spending half of his life behind bars, 32-year-old jeffrey walked out of prison as a free man. >> it was a long time that i felt this day would never come. in a way it still doesn't feel real. it hasn't fully hit me at this point. >> don't miss the premiere of "the system." what you don't know about your bank account could come back and bite you. why overdraft protection if not careful could do you more harm than good. plus the economic constitution that could be traced back to a tree more than two centuries ago.

>>america tonight investigates a controverseal addition treatment. it could be a life saver... >>the reset button has been hit what is this teach us about the brain? >> can ibogaine cure heroin addiction? only on al jazeera america >> american banks are now making tens of billions of dollars each year from overdraft fees. these are the fees given to you

and me when we have spent more than in our checking accounts. overdraft protection may put some consumers of greater risk of harm. the decks have been stacked in favor of the banks and against checking account users across the nation. jacqueline ford, mother of two who lives in brooklyn learned the hard way of the potential dangers of swiping her debit card. >> sometimes i would have $200 in overdraft fees for that month alone. >> the amount of or draft payments that i had to make when they take out those over draft payments when i didn't have enough to pay the rent. >> she's not alone. americans continue to rack up over draft fees with 27% of all consumer accounts experiencing at least one over draft fee i in 2011. even though banks only make 5% of their total revenue from

checking accounts over draft fees are a hug--huge profit rakg in $32 billion. over draft protection allows the customer to overdraw their checking account even if there is no money left in it. the american banking association said it's a service customers elect to have and it's a peace of mind knowing that your payments will be covered. but critics contend its more like a loan with an interest rate of 5,000%. many consumers don't even know they've opted in for over draft protection because the information is often buried in lengthy disclosure agreements like this. indeed, in a recent survey, 54% of people in over draft did not know they had opted in the coverage. >> the form is not very clear. when you're opening a new

account the banker is handing you pieces of paper if you just sign away you just opted into the most expensive draft. >> reporter: more disturbing is how some banks calculate over draft fees. transaction reordering. this is how it works. in this sample account. when a bank reorders a transaction charges from the highest to lowest amount, the checking account is depleted more rapidly. now with no money in the account each new transaction triggers another fee. the total is $140. the bank has just boosted its fees by 300%. we asked several banks to tell us why they reorder from highest to lowest. most did not respond.

but one bank pnc did defer to the american banking association who said for some customers paying the largest transaction is important because it insures that payments like mortgages, rents and credit card principles will be prayed. many financial institutions have been sued because of this method of high to although transaction reordering and today 14 banks including bank of america and jp morgan chase have settled to the tune of $800 million. however none of the banks have admitted to any wrongdoing. >> a lot of banks have stopped doing this because of litigation, but in their disclosure agreement they all say we reserve the right to change the terms and conditions of these--of this account at any time. while they've stopped doing it now they could start doing it again at a later date. >> reporter: one bank sun trust did confirm with us that it still processes transactions from the highest to lowest

amount, adding that it didn't charge overdraft fees for any items below $5. congresswoman carol maloney from new york on the left wants to make banks more accountable and it a would require more transparency from the bank. >> what i've seen is oftentimes a consumer will make three, four, five six small purchases and end up with $300, $500 in over draft fees. then they are trapped with interest rates that they have to pay off. it keeps them in a cycle of poverty. it's a lesson jacqueline has learned all too well. >> i have had it with overdraft fees. i closed out that account. i decided to get a bank that is safer and doesn't do this kind of tricks 237 for now, track your balances carefully and link

your checking account to your savings account instead of opting into a potentially dangerous overdraft plan. 24 merchants signed a pact to trade on a fixed commission. that pact birthed what is arguebly the world's biggest bastian today, the new york stock exchange. by 1817 the once impromptu market became the exchange, and it grew and expanded right along with america's political power and financial clout. by the 1920s new york rivaled

london. after the great depression it would take 25 years for the stock market to return to its pre-depression peak. but then the bulls would run again through wall street. much has changed through the year. the buzz of screaming traders long gone because most trade something done on computers today, and there are new challenges. still the new york stock exchange is by far the largest such exchange in the world today, and it all started from humble beginnings under a tree just over two centuries ago this week. next week join us for the special series philadelphia's rocky middle class sylvester stallone's characters in philadelphia. we'll look at rocky's

philadelphia monday. that is our show for today. i'm david shuster in for ali velshi. for everyonal rea everyone, "re" >> hi, everyone, this is al jazeera america. i'm john siegenthaler in new york. landslide election results in the world's biggest democracy. what india's change in leadership means for american business. crisis in ukraine, hoping to end the conflict with russia. anger at sea, tensions rising over a territorial dispute between china and vietnam. punished. general motors find millions of dollars. safety workers say