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tv   Your Money  CNN  November 23, 2013 11:00am-11:31am PST

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victims. police describes it as a possible hate crime. and it's getting down to the wire in switzerland. we'll have more on the iran nuke talks today, and we're staying on top of that developing story, also. jackie kennedy's pink suit she wore at the day of jfk's assassination, but where is it now? first, "your money" starts right now. guns in america. billions of dollars generated millions of gun enthusiasts and thousands killed each year. i'm christine romans. this is "your money." it's been almost one year since 26 children and educators were shot and killed at sandy hook elementary school in newtown, connecticut and the debate over gun seams and reform rages on. big business has become involved. starbucks ceo asks customers to leave their guns at home when grab as latte. >> we are respectfully requesting that those customers who are carrying a gun just
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honor the request and not bring the gun into starbucks. >> then there's walmart would like to sit out this controversy, but it can't. the company has released specific gun sales data. it was reported some walmart sold out of the ar-15 rifle in the days following the newtown massacre. the very type of firearm involve ared in the shooting. i ask the u.s. walmart's ceo if he has second thoughts about el issing these types of firearms in the same stores that would ban a cd for controversial lyrics? >> we are very responsible in our sales are firearms. something we're focused on. the debate in the country, whether it's legal or illegal is something we don't participate in dine to day basis. that's something congress deals with. if they're sold in the u.s., we want them sold through formal channels rather than through gun shows. >> no matter how a gun is purchased or obtained, the gun debate has changed since last december.
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here's what chief correspondent christiane amanpour told me a year ago. >> this was a red line by anybody's account. these were babies. this was a biblical slaughter of the innocents. >> but talk of reform, big talk of reform, was sidelined for more pressing problems in washington. i sat down with christiane correspondent candy crowley and asked why. >> it's tragic. the president made a lot of very good speeches and made a lot of efforts but it didn't go far enough, and, look. all you have to do is look at the politicians who are worried, scared. what is the right word? about the nra. on my program we interviewed a lawmaker from tennessee who recounted chapter and verse about how she was in good standing with the nra. because she wanted a minimal sensible change she was literally run out of office. that is what the politicians are
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afraid of. it's very, very frightening. overseas, australia, britain, after massacres made tough conditions to rein in gun control and haven't had the same massacres. >> is this the same with our president, sidelined? in the state of the union, talked about early childhood education. he talked about immigration reform. he talked last year about gun control, or gun reform. he hasn't been able to do any of those things. >> he hasn't. in part it's been the economy, and he would say today, my biggest focus has to be on creating jobs. and then came health care and that's been an ongoing problem for them, and besides, you know, those saying we can walk and chew gum at the same time, but they have gone to the state level for gun control. that this is -- you know, that's where the big fight is now. >> right. >> is, what's states do. because at a national level, it becomes very difficult. it also -- the virginia win for the democrat, for terry
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mcauliffe is seen as a defeat for the nra. i think that's, you know, people, their own tests. so, you know, yes. cuccinelli, who lost, the republican, was backed by the nra, but this is not as simple, and this is what -- and, by the way, what kind of end to the gun control push, certainly in the senate, had -- would have ended in the house, anyway -- there was a lot of democrats who come from gun culture states. they say, wait a second, wait a second, wait a second. the problem is there has to be some sort of two-track thing, because everyone will come back to you and say, look at the last -- you know, five gun -- gun incidents. >> right. >> that have been big. all mentally deranged people. all people with huge mental problems. the country's not doing a good enough job on mental health. >> despite some high-profile school shootings, school has become a safer place over the past two decades. that's according to new numbers from the u.s. departments of justice and education.
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i want you to take a look at this. during the 1992-93 school year, 57 violent deaths occurred at school or traveling to or attending a school sponsored event. see the trend there. during the 2010-1011 number that number was 31. it's important to note numbers are not in for 2012, and 2013. that school year 26 deaths occurred at sandy hook elementary. overall, youth homicide at school accounts for less than 2% of all youth homicides. that, of course, doesn't do much for the fear factor among many parents and students. visiting a school that has taken the fear of school shootings and channeled it into innovation. hi there, zain. >> hi. a group of high school students at a high school in washington, d.c. invented what they call aing althoughing device. a device they hope will protect them in an intruder or school shooter tries to break into this classroom. simple stuff, made of a pvc pipe
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and something you can pick up at a local hardware store. sad about this, you have a situation whereby 15 and 16-year-olds are trying to protect themselves from arm the gunmen. take a listen. >> this is dead stop. >> reporter: it costs just $ 5 to make, weighs less than a pound but students here at high school in washington, d.c. hope this simple invention could protect more students during school shootings than metal detectors and bag checks. >> with active shooters being unfortunately so prevalent we need to come up with other ways to secure buildings. >> reporter: students and teachers have have been oh shaken by recent shootings -- >> to for me, the key shooting a was in comen booin high school in colorado. it was actually a mathematics teacher who was killed and i teach mathematics here. >> reporter: they've invented a locking device for classroom doors. >> it can happen in connecticut it can also happen here in d.c."
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>> reporter: the can be fitted osier a hydraulic door closer if ever there's an intruder in the hallway. keeping the door locked and preventing a gunman from gaining entry. >> in lieu of trying to get all of the school doors with dead bolt locks on it, this is a quick, practice takal way of doing it. >> reporter: like in many scioli across the country, schools cannot be locked from the inside for fire hazard reasons. at sandy hook elementary school last december, one teacher had to lock her students in a bathroom to protect them from 20-year-old gunman adam lanza. >> the recent shooting at another school where the shooter broke into the building and shot a lot of kids, it inspired us, because it -- the doors aren't that secure. >> reporter: students here were recently awarded a $6,600 grapt from m.i.t. to develop a final version of their device. >> we're not ready for an ipo
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yet, but we anticipate having a really good prototype by the spring. >> reporter: and with this, crude safety mechanism, they say they now have an extra barrier in place, if they ever hear gunshots from the hallway. and i did get a little good news from that professor you just so, john mahoney. he said to me a lawyer in denver randomly heard about the device and offered to patent it for free. no idea how he heard about it. they're not interested in making money off this. just something they wanted to share. >> $5 and a pvc clip. sad we have to look at this, but interesting we have to make them. and keeping stocks and housing hot. right? what happens when it eases up and -- not going in anymore. can the economy hold up on its own? customer erin swenson ordered shoes from us online
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what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ ? the dow celebrating sweet 16. 16,000. up 3,000 points from the beginning of the year. housing riding high thanks to
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cheap mortgages. welcome to the bubble. the federal reserve pumping $85 billion a month into the economy creating a protective shield. the fed stimulus was supposed to end when the economy became strong enough to stand on its own, when unemployment dropped to 6.5%. now the economy may have to venture outside the bubble without protection. harvard professor ken rogoff is with us. ron brown, senior political analyst for cnn and editorial director of the national journal. the inside scoop how americans are reacting in the five years since the economy hit bottom. ron, we call it one america, two economies. a new poll out showing less than a quarter americans think the economy is on the right track, down from 47% in 2009. the economy is improving slowly. why the disconnect? >> yeah, look. this is the curvy poll since 2009. exploring how average americans are navigating the changing economy.
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the overriding message from the new poll, attitudes about the financial system five years after the crash is that we are on two very distinct tracks because of the factors you're mentioning, stabilization of housing prices and a dow at 16,000, roughly the top third of the income ladder, people with college degrees, people above the median income are feeling pretty good about the financial system again. feeling pretty good about their ability to navigate it and make it work for them. the rest of the country is feeling very scarred. feeling it is opaque, volatile, kind of beyond their ability to really make work for them, and it is a stark divide, not only in attitudes but participation. i mean, don't forget that you know, only about one-third of americans are saying in our poll that they have a 401(k) plan. big divide between college and non-college. who is benefiting from the acid inflation is very different. >> and the columnist from the "new york times." someone you've tangled with before. what he says, evidence suggest it's we've become an economy
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whose normal state is mild depression, prosperity occurs only with bubbles and unsustainable borrowing. is he right? >> i wouldn't go that far. my goodness. the united states has a lot of things going with it with a entrepreneursh entrepreneurship, technology. it might not be as good as some boom periods but we have grouth periods ahead, it's not so dark. >> the social safety net has expanded in the last few years. >> right now, it's not so good. talking about our long-term future. >> right. one of the reasons not so good right now, we've had the associate safety net that really propped up a lot of people. you'll see that pulling back. fewer people with unemployment checks. already seen fewer on food stamps. is that the right thing to do right now? >> cutting back on food stamps is nuts. one of the successful poverty fighting programs and a very sad thing. you could tweak it having it be more about food, perhaps, but that would be very sad.
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>> in the makers versus takers argument, it's become a political -- a political -- point. listen to this, ron. >> government keeps growing and growing and growing, and when it grows, that means there are more people in the wagon and less people pulling the wagon. >> you have an eminent economist here on my right saying it's nuts to pull back some of the stuff. you have politicians on the right saying, this is makers and takers. we need more people pulling the wagon, not in the wagon. >> yeah. i think the core animating drive for the tea party and the tea party movement is not so much the overall size of government, it is the idea of transfer payments. and, you know, part of the -- a big part of the resistance to the bv b health care is polls by us and others show it is viewed essentially by the white middle class mostly as a transfer payment for the poor, whereas those same voters are much more resistant to changing social security and medicare. that i think is the rub. that is where the political conflict is sharpest and is going to remain sharpist. >> nice to see both of you.
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thanks so much. up next, cutting noodles and cuts costs. a chinese inventors future solution to rises costs in the kitchen. are jobs at stake as robots hit the workforce? imagine this? >> i said, sell. sell it now. >> five hours. >> sell all of it. >> is this progress? >> what are you talking about google? what is this internet? >> progress with another chance to kick you with fees for flying? an important message for americans eligible an important message for for medicare. the annual enrollment period is now open.
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uh-huh. labor costs on the rise in china and the rock band styx may have said it best. a chicken farmer turned inventor created what may be the future of chinese noodlemaking, but could robot replace jobs in kitchens here at home? we have the story. >> reporter: look out. here comes the future.
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he started out as a chicken farmer, but when a flu virus wiped out his flock, he searched for a new way to make a living. >> >> translator: i went into a noodle shop and saw the noodle maker made more money than me, he says, but i didn't know how to make noodles. >> reporter: so this amateur inventor built something that cooked. call it the noodle bot. one minute, four bowls of noodles. with a chef, one pot, two bowls. he can dough eight different types of noodles. this is the widest kind. gives it a human kind. >> reporter: they designed it to look like a cartoon so children like it more. >> if i look at it, it looks a bit like you. kind of the. >> reporter: it's much more
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handsome than me, he says. it took him three months to design the bot and years to perfect it. it's shipped to china and around the world. the real test of the noodle bot is in the noodle shop. let's see the noodle bot in action. >> uh-huh. >> okay. >> reporter: the customers love it, he says. they call him ultra man. >> they call him ultra man. >> reporter: mostly, it saves him money. he doesn't need to train, feed or give the noodle bot a place to sleep. it saves me energy, says the noodle maker. it does the same noodles that i do, and it costs less than me. as labor costs rise in china, robots are starting to replace human labor. it's cheaper, and the future the noodle bots could replace all the human noodle makers. chopping noodles today, but who knows what's next for the noodle market?
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>> for cnn, beijing. all right. get ready to listen to your neighbor's phone conversation at 30,000 feet. that's if a new fcc proposal gets approved. calls and texts could soon be allowed in the air, not just during take -- not during takeoff and landing, but this could cost you more than your peaceful flight. cell phone companies will have to shell out millions to instate your proper equipment to provide service. experts say they're pass those costs on to you with permanent or per-flight fees or even roaming charges. airlines are alwaysing whoing for new fees to tack on as well. for more of issues that matter to your money, give me six minutes on the clock. it's "money time." >> reporter: the boys club might be opening its doors wider to women. in the last year 60% of the 60,000 jobs added in tech went to women, but they still make up less than one-third of all tech employees. google and microsoft working to rid the internet of child porn. teaming up to make sure the
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illegal content doesn't show up in search sites and worrying if digital currency can be used for illegal activity like buying drugs or dodging taxes's they want the government to stay out. elvis presley has a new owner. authentic brands group bought the rights to album covers and movie posters, also the rights to legends like marilyn monroe and muhammad ali. think thanksgiving travel is bad? two new studies find packed airports and lengthy delays could become the norm in the next decade, thanks to crumbling air travel infrastructure. and buyers beware. a butterball shortage. the nation's largest turkey producer says it's short of large birds this evening. up next, wi-fi on the ground. you've got wi-fi on the plane. now, the next frontier of wireless internet is under water. we dive into how and why
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the u.s. may have the largest economy in the world arnold the strongest military, but internet speed here is nothing to brag about. america ranks eight when it comes to average internet speed worldwide behind latvia and the czech republic among others. could the future seem unimaginable? small researcher groups are working 0en that same question. here's the story. >> this is going to benefit not just the u.s., but people around the world calling internet, researchers say could open up a whole new frontier for sciences and businesses. we went to upstate new york where researchers are testing to do see how it all works. you may find wireless internet in the most remote places, on a plane and in space. where you may not find it yet,
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deep under water. >> these are devices that communicate underwater wirelessly. >> reporter: these researchers developed technology they say will create a deep sea internet. an idea initially fodder for late-night laughs. >> a wi-fi network that can work underwater. yeah. well, time warner is trying to develop a wi-fi network that can work. >> reporter: of course, fallon means time warner cable. regardless, to melody it, no laughing matter. hard work. he hopes the technology will improve tsunami detection, natural gas exploration, pollution monitoring and security surveillance, but will it work? and how deep? we went out to lake erie with this research team to test the science behind it. >> you get the wireless in the air, you do that through electromagnetic waves. you get wireless in water, do you it through acoustic waves.
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basically, sound. >> reporter: it sounds a bit like how dolphins communicate. they use sound waves. these modems will use the same techniques to talk to each other. >> he's trying to communicate to this guy. >> reporter: modems transmitting data from underwater to a modem on the surface, then to a laptop and to a cell phone anywhere in the world. >> did you get names? >> we did. for an experiment in which we have one of the spears that communicate. >> reporter: then it's into the water. >> so what happens now? >> so this will send a message under water, and bob will transmit these data to the internet. >> reporter: after a few moments, a message. first via laptop -- >> welcome, cnn. >> reporter: then the mobile. >> this is the message i was waiting for. >> so when everything works, we're like, kind of, whew! that's it. we got it. >> reporter: today lake erie.
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soon, hoping the internet will finally go where no internet has gone before. the research is partially funded by the national science foundation. melody's team presented their work at a conference in taiwan last week, and can you imagine, christine, well received. very exciting. >> looks cold out there, but -- testing the technology. >> a little cold out there. >> thanks, jason's see you next saturday at 9:30 a.m. eastern. have a great weekend. . hello, everyone. i'm fredricka whitfield. welcome to "cnn newsroom." getting down to the wire. the sun set in geneva, switzerland but talks between iran foreign leaders and u.s. secretary of state john kerry continue. both sides indicating a deal is within reach but no hints about how close they might be. listen to what the british foreign minister said


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