[0:00:09] ... on my thoughts on this -- second. I understand the outreach about Goldman how much money they guide to whether or not being American taxpayers save them their relationship with the government. Isn't reason to be upset about some of that stuff I get it but the end of the day. Everybody is picking on Goldman Sachs wouldn't shareholders. Are telling what are the most successful companies. On the planet. What they think they should get paid. Things have gone too ...
[0:01:07] ... Goldman a publicly traded company it is so as to the shareholders have some sort of a say in what happens at the company in which they don't. Stock. ...
[0:01:42] ... little bit less. So then the question becomes in this environment. Does Goldman need to pay that much and if nobody at the shareholders don't question them on that because it affects the bottom line how much goes towards compensation who. And with that decision if ...
[0:02:02] ... inequity here I get it. -- this is. Isn't cool companies like Goldman to be doing better. -- old financial institutions we've -- company in this country to do better because it helps lift all ...
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[0:00:11] ... ability to protect your ideas did you come up with with the patent joining us now Michael -- law. Who argued this issue before the Supreme Court bill Steve versus capitalist. Is the case welcome thank you for being here. Thank you very much okay I get crazy about patent law because I think if somebody comes up with a great and complicated idea they should absolutely be able to protected. Why ...
[0:00:45] ... But as you as you say it's exactly that. These two inventors Warsaw on bills he came up with a great idea for hedging. The commodity risks in the energy market and to provide consumers with a fixed bill they applied for a patent back in 1997. But they've been shut out of the door they haven't been able to have their patent examiner on the merits. Because the Court of Appeals has said it's not the right kind of invention it doesn't. It's not tied to a machine or transform particular subject matter that's the issue we took to the Supreme Court ...
[0:01:42] ... I think. How far he would take this. The statute itself the patent laws are very wide open as the types of inventions. Those kind of inventions normally wouldn't pass the other tests for getting a patent it's still has to be new and something different than not obvious. I should just tell you though the day after the argument people from all over the country sent me copies of a patent on training horses. The medicine they actually -- if you look at not trading boards they did they have this is about ...
[0:02:39] ... I'd say just look at the invention as a practical application. It's not an abstract idea these guys have a real world method that they are actually using in their business and it's very useful it's not. What we call an abstract idea it's not equals MC squared the law of gravity this is a real process and it's very useful people are benefiting by. There's no reason why shouldn't be at least eligible to be considered for a patent. And we gotta go Michael but I have to ask you where your knees shaking a little in the event in the ...
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[0:00:02] ... as part of the health care bill senate Democrats want to tax Botox and other cosmetics are. ...
[0:00:15] ... to mention some details here about how much. Four point seven million Botox injections last year average cost per visit about 400 bucks it's about one point eight. Billion dollars if they tax. These Botox injections and they're talking about taxing other things like breast implants and tummy tucks. Do you think there will be fewer of these ...
[0:00:49] ... in this whole tax situation because 86% of the patients that undergo cosmetic surgery are women and so it's really discriminatory. Tax in that respect. ...
[0:01:05] ... might that affect the companies that manufacture things like breast implants and Botox rational and all of the injections that would be subject to this tax that would go through. ...
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[0:00:17] ... his take. Retail expert and NPD group sheep industry analyst. Marshal Cohen Marshall have you seen anything like this where the Black Friday deals start a full seven days in advance. ...
[0:02:01] ... the 20250. Dollar round and they make good decent margin at all Marshall. Well. ...
[0:02:35] ... the store even at a loss on some of those items. But Marshall of these consumers are more educated than any consumers and history 45% of them say that they have done that shop comparisons. ...
[0:03:43] ... in advance of Black Friday. Well you have to look at what's Sears and Kmart is done with -- treating Black Friday. Well before I mean this is not going to be the third week to do that. Calls already going out and talking about Black Friday deals now. JC Penney we'll have the biggest sale ever every single week from now all the way through and pass the holiday. Those are the ones that are going to be the most progressive when it comes to aggressive discounts. But when you look at what. You know stores like Best Buy had done with trying to use the gift card as of great -- Getting people to go online and accumulate your card so that you get as a consumer. All of that money in one place that's probably the most innovative and effective way right now that we've seen so far for holiday and we can see you have the -- are going up and down people aren't sure exactly what's gonna happen it's gonna be an exciting week for retailers one where the other Marshal Cohen. And PD group great to see Marshall thanks for being here with us marshals are -- yeah right exactly what exactly does it really brought here as well. ...
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[0:01:22] ... MA MBA from Harvard coming and tell you how to out of spruce up your rare and sometimes get to be really smart to come up with something really simple all right. And and really ...
[0:03:39] ... Kindness of his good friend for 25 years -- take Bonnie of telegrams a simple idea out lots of money coming in good for you congratulation I thank you very much celebrity. ...
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[0:02:08] ... that has some out of its element that you -- Some hedge funds. Private equity issue now you've got 60000. You know rule to get that. To belittle that you you don't want to -- it -- it it'll get rid of a small small. How to sell it to a picture of the of the -- again in what -- problem. Now playing eligible you'll. In the that it can give them now you can -- as a number of things you can get them out something -- you know something's -- This is Bill Gates has gotten absence of for why the hell don't you makes them think about -- fly. Yeah okay you could she give them something that says this fun we have ...
[0:03:21] ... god but element anyways so with the they would sit down. And tweaked -- main -- is the best market for this unfortunately. Is in jail right now. But it. If that is little club I got going here shall not be connected and Andy geniuses. That how the hell go get it. So do about it really I should be he brought him out of marketing but for the the month. ...
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[0:00:00] ... There is outrage in California bankrupt California. What's the richest state in the country now it's raising fees on students at the University of California students are very angry. And they have locked themselves inside a building on the campus of the University of California booklet that's going on right now. Should they be angry. Let's ask Neil McCloskey of from the fans know him. -- thanks very much coming by book that that are coming up California authorities want to raise tuition about 32% designed to stand at the students are protesting fair enough. I don't think the California authorities have any choice in this. ...
[0:00:42] ... big increase over two years but the fact of the matter is. California's students have been paying a very small amount. Of the actual cost of education for decades is that if you compare to the overall spending California. And to other states so they've really been getting huge bargain on the backs of taxpayers and as you can tell California just can't afford it anymore though. And students are not going to be bankrupted -- by having to pay more in tuition. ...
[0:01:08] ... Okay except point look I lived in California in the mid 1970s. At that time on the left for five years at that time California was the richest state in the nation. One generation late I think it's -- to call -- bankrupt how does that happen. ...
[0:01:24] ... Larry California just spent way more. Then it could sustain. And it's because people thought all sorts of things. Should be entitlements basically an education and a big ones so they spend a lot on K through twelve education. For no return and they spend even more of the relative. To what other states spent. On higher education -- to talk about the UC schools in the cal state schools are these crown jewels and these -- the American higher education but they just couldn't be afforded. Anymore by taxpayers and they send a lot of students aren't even qualified to go to ...
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[0:00:01] ... That's where jobs were created or saved in congressional districts had did not exist only 26000 California jobs saved that will never threatened in the first place. His book the man in charge of the White House website that tracks the stimulus spending have to say at a hearing on Capitol Hill yesterday. ...
[0:00:36] ... Joining us now as my husband Dan Burton of Indiana he's laughing and he was -- effective thing that's today. For the rest of those -- that now wasn't real ...
[0:03:43] ... six grandchildren. I thank you very much for appearing with today congressman Dan Burton a pleasure so and thank you. Stewart Stewart your great American a -- love it thank him plus a -- written. ...
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[0:00:00] ... Grams until age fifty not 4050. No cervical cancer screening and to give aged 21 not an eighteen -- 21. That's the voting from a panel of government doctors. -- next ...
[0:00:36] ... this legislation and having the government start to make decisions about what medical treatments. Will I will not be allowed four home. What age groups under what circumstances. These are choices and decisions that should be ...
[0:01:30] ... and and the age at which you should have them done all pap smears again the age of testing. It's -- books on the scene this week. Just as we going to the Senate may be for a vote on the final on the health care reform is go to went to fail without the progress towards health reform. ...
[0:02:33] ... Let's -- grace retell it does not want this notion of health care reform. Grace -- from Claire had an industry thanks for joining us -- ...
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[0:00:00] ... Take a look at the falling interest rates but two key treasury securities militia units long slow decline recently that is. In the ten year and the two year treasury yields. That is the anxiety causing flight to safety that we told you about that's what you're looking out money is moving ...
[0:00:38] ... money. Fast money fast money fast money -- it is moving into treasury it is but it's fast money and that's exactly right. You know if it turns out if it turns out -- even ...
[0:02:40] ... an immigrant to this country -- wouldn't have a short of the United States and -- a lesson from the French on this. So no you know that another note at a time we get our ...
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