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tv   Real Money With Ali Velshi  Al Jazeera  May 8, 2015 10:30pm-11:01pm EDT

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jazeera washington. >> since gladden shared his story he's received more than $20,000 in donation. that is enough to get him off the streets. but gladden's story is hardly an exception. al jazeera america's new stories, hard earned profiles more hardworking americans and their challenge to make it. their stories begin here on sun at 10:00 p.m. eastern on al jazeera america. tell us what you think at that's it for tonight's show and come back for more of "america tonight".
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>> if we claim that we are for families, we have to pull together. and resolve the outstanding issues around our broken immigration system. >> nevada is one of a handful of states with a large latino population, voters that will play a key role in the 2016 presidential election, democrats at times have been frustratewith hillary clinton. last year during the surge of central american families and
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children crossing the border, clinton was unforgiving. >> they should be sent back. >> clinton first appeared to support giving undocumented immigrants drivers licenses. >> they are driving on our roads. the possibility of them having an accident that harms themselves or others is just a matter of the odds. >> but then under fire -- >> the idea that we are going to extend the privilege of a driver's license i think is troublesome. >> clinton hedged in the same debate. >> i didn't say that it should be done but i certainly recognize why governor spitzer was doing it. >> you said it made sense to do it. >> no i didn't chris but the point is what are we going to do with all these illegal immigrants who are driving wus a license? >> clinton is starting her hispanic outreach again with a
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position of straight. in a poll latinos prefer her over jeb bush 71% to 26. but latino groups insist they are asking for consistency from clinton and these organizations want to make sure that what clinton is saying in nevada is the same she's saying in iowa or new hampshire. it is easy to form a path to citizenship when you are talking about mostly a latino audience. michael shure is this tie are frying to get hillary clinton to talk about something only the clinton cash? >> the same day the book was released, it's the kind of thing that i'm sure the campaign got together, very savvy figured what they could do to take a little bit of the thunder that
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part worked, better than they expected because the immigration debate has been taken away from the republicans with what she did. it was very, very savvy campaigning, and you mentioned in your piece that will be very important and one other thing to remember about that state there's a little bit political wonkiness but brian sandoval is a latino governor in nevada, harry reid is not running. if he runs for that seat which many are trying to do, it is a multilayered thing she's done. >> that could ultimately swing nevada the ultimate swing state, when hillary clinton is trying to get the magic number in terms of electoral votes. >> exactly. it is already forgetting sandoval, that's really a reach forgetting that it is already a state that the democrats want to make a play and the numberers overwhelming there and the popularity of this issue.
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you also remember a couple of the things that she talked about, we look at the headline path to citizenship but plant voters want to hear more. she talked about more, about reunifying families, they talked about making over the detention centers which are privatized. it is not a big issue in america something that nonlatinos are thinking about but to that extent she did a marvelous job of being able to communicate that. >> and what she's communicating michael how much of it is actually feasible in the political cauldron of washington, d.c. where so much has to be done with the help of congress, where hillary clinton is saying, i'll jam it down everybody's throat through executive action. >> well, executive action is something that you know she has teased before and listen you know hillary clinton has a long history of promising things both as a senator a secretary of state, a presidential candidate
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hard to keep all your promises and she has made big ones at different times. but this is about saying, you are, i am in your corner, you are important to me, and the assumption is if the republicans don't meet her halfway she will use executive action to get some of these things done. >> a number of people running for president legal status for illegal immigrants something less than full citizenship what is that and how does that play politically for them? >> well, what they're saying is that you know, they're dancing around an issue in the same way that the clintons even danced around gay rights when bill clinton fif became first became president. there are ways of appealing to a certain segment by speaking nicely, short a path to citizenship, short of saying you will be citizens. you can live here you have to master english you have to pay tests, you have to pay taxes
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back taxes in some cases that is what marco rubio was saying, short of that but a little different than their republican counterparts. that's what they're doing and what clinton is doing in that little chess game, stay away left leering although they are not necessarily left, jeb bush and coe rube rubio left-leaning politics. >> immediate western homogeneous states, how many does this sort of impact whoever the republican nominee might end up being? >> well, hillary clinton differently than other candidates. most people have their minds made up about hillary clinton. there is a small swath of people that don't. to whom they don't have an opinion of her right now. she's trying to impact those people in states all across the
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country. so will this issue hurt in some states? yes, absolutely it will but the democrats are already on that side of that issue anyway. it's not going to be as divisive in a general election as you might think but what she's going to do for the next 500 some odd days, is appeal to people who don't know hillary clinton and haven't formed a negative opinion of her and the best place to do that is in a state like nevada. >> how is that cutting in the republican primaries? >> well, they don't know yet. the thing about the republican primaries is, their first three stops or certainly their first two stops iowa and new hampshire, those aren't until 2016, immigration is not a big part of the conversation. they don't have to stake a claim. what they have to do is differentiate themselves from each other. as you already mentioned bush and rubio are taking flak for
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the positions they've taken. >> al jazeera america's political correspondent michael shure thank you for coming on. >> you're welcome. >> your golden years might not be as golden as you thought. north carolina may be the exception. plus tom brady on the defense will the nfl punish one of the biggest stars for his part in deflate-gate? stay with us.
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>> welcome back. we learned today that america's job market is on the rebound after all. according to the labor department america's economy added 225,000 jobs and the unemployment dropped to 5.8%.
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the wages ticked up slightly higher in april 2.2% higher compared to a year ago. wage stabilization is something america needs more of if this economy is going to be real. retirement savings including millions of public workers who rely on public pension plans financial security of these plans and who is running them, north carolina's $90 billion is rated in terms of performance but not without controversy that's because it is controlled by one person, janet cowell, state treasurer. ali velshi talked to her another the milken global conference and here is what she said. >> i don't think there's a silver bullet structure to solve any governance issues for
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pensions. it takes a lot of expertise to manage them and what we did to address the concerns knowing this is an unusual structure is to put together a blue ribbon commission, that's what we all do in politics, put together a commission republicans democrats, legislators taxpayers to say what would be the ideal. they couldn't agree either. we have taken it to the general assembly to say would you like a board? i am open to a board is that what you want? they think that the system works very well in north carolina, aaa rated state one of the best in the country. they have begin me incremental changes and they're reluctant to make a big change, they say it's not broken. we like you like the office, it's doing well, hesitance has changed. right now i do not see them going to a board structure. i will throw in that all these new regulations out of the sec that i'm subject to as treasurer, if they were to go to
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a board sunlt they have got legislators and the house speaker subject to those regulations. that's a deterrent to changing the structure. >> so as i read it the criticisms fall into two buckets. the reasons people want to change fall into two buckets. first, the malfeasance of having one person as a director. you have performance on your side at the moment. >> for process of having one person make decisions over $90 billion, a lot of that is process. so we strengthened, i do have an investment advisory committee we have neil triplett who is the cio at duke, we have some private investors on there that's been invaluable for macroasset decisions we have strong process internally with checks and balances and a legal team lots of structures have increased transparency dramatically in the last few
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years. all of that is to address some of those concerns with a very sound rows we think north carolina's pension is operating very well with this structure and is only going to get better. >> you've joined up with some other state treasurers to write to the sec scanned for greater disclosureand ask for greaterdisclosure. that sounds like a no brainer. >> you would think that kind of transparency would be welcomed. actually i met a cio from texas recently chief vex officer from texas who has a strategy to invest in companies with large lobbying expenses. >> okay. >> you could say is that important enough fact to disclose? but in fact there are people investing off of that strategy and making money apparently. they say there's a 4 to 1 return. >> because if they've got large lobbying expenses they might get legislation that is working in their favor.
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>> one could also invest over are they making wise political decisions? i think it's important information for investors. >> some of the pension investment money using it to finance innovation, new companies, north carolina based companies? >> that's right. i was elected to this office in '08. and in '09 a lot of distrust of government of finance of pensions and so one way to make what the pension is doing tangible to let people know that we are contributing to the economic future of the state was to invest in high growth companies in north carolina. good news is with our university system and the r&d dollars we get we have a lot of business opportunities and indeed we have invested in 21 different companies in the last 20 years we have a 20% irr on that and we have collect$20 billion off the dollars, and we have just
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announced last week that we will be creating an innovation fund 2. >> illinois has the nation's most troubled plan, with an unfunded liability of $105 billion. but the illinois supreme court says the reform law is unconstitutional that law lowered cost of living adjustments and increased retirement wages. the court said, the state's financial crisis is not a excuse to abandon the law. tom brady play not be able to dodge questions about his character. when we come back we'll discuss the potential fallout from deflate gate.
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>> a liar and a cheat. those are just some of the charges that sports fans are now applying to new england patriots quarterback tom brady the winner of this year's super bowl and a sport icon is getting hammered in a be controversy known as deflate-gate. a 240 page report commissioned by the nfl indicates brady was probably aware that equipment managers were lower the inflation rate of footballs. deflation would have made it easier snore a quarterback to grip and accurately throw a football and it's a violation of rules. before the super bowl brady denied any wrongdoing and last night he appeared at an event in
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salem, massachusetts and basically punted. he said he hadn't had time to digest the report, had not detracted from his joy in winning. reporter jim gray asked brady why not? brady responded with this. >> because we earned and achieved everything we got this year as a tale and i'm very proud of that and our fans should be, too. >> we are joined from connecticut by espn reporter jim trotter who covers the nfl should brady be suspended and if so for how long? >> he absolutely should be. cheating is cheating and roger goodell said he wanted to come down harder on onfield violations. if you add that to the fact that tom has not been completely compliant in terms of presenting his cell phone to the nfl to have these records related to this matter researched there is no doubt that if the
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commissioner wants his words to carry any weight he should be sanctioned and it should be multiple games. >> in this particular case i mean the patriots won this game 45-7, would have have made any difference? >> no, it wouldn't have made any difference that makes no sense here. brady played better after the balls were properly inflated rather than before. some say this is a minor rule from the standpoint of rolling through a stop sign, it didn't change anything. the rule is there for a reason if it is violated somebody has to be held accountable for it. roger goodell says not only will the persons be responsible but the organizations. this is not just how tom brady is going to be dealt with it's about how bill belichick and robert kraft are going to be
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dealt with. >> you how do you think the patriots ought to be dealt with? >> they should lose draft picks and should receive a substantial fine. if you look at the personal conduct policy it says in there very clearly that if you are guilty or if you are involved in certain activities, including among other things fraud you are subject to discipline from the league. well we've had two owners who have been involved with fraud cases one that was convicted that is ziggy wolf of the viking and jimmy haas lam of haslam of cleveland it is any guess how the commissioner's office is going to react to this. >> what would jump out at you when you saw the texts between equipment managers and phone calls that tom brady had.
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>> clearly it didn't look good. as i've said before, these two employees were not going to do this on their own. they didn't just wake up one morning and say you know what i need to deflate some of these footballs for tom brady. the fact that they did this after the officials examined the footballs and then they took it into a bathroom one of the employees took it into the bathroom and let some air out clearly it's incriminating. the report is very strong, while there is no smoking gun there is circlecircumstantial evidence, they have enough evidence to go after tom brady and the patriots. >> tom brady's father said this is frame-gate and the colts participated in a sting operation. what is your view of that? >> i think it's laughable no other word for it, it's
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laughable. let's play along with it for a moment and say that it was you know frame-gate or that it was a sting operation, if you are not doing anything wrong what do you have to hide? what are you worried about? so i don't buy that at all. i think it's people who are close to tom protecting tom. >> what he was worried about at the time is this was right before the super bowl. he wanted the focus to be on the super bowl not on a blow-out game the week before. what about the overall argument that if you look at the super bowl, and we could see hall of fame pinch pitcher after pitcher who play have had vaseline in there this is part of the game they're trying oget an advantage with the equipment. >> rules are rules and tom brady is still going to be in the hall of fame. that is not an issue here. there was a rule, the leak has found that the patriots and tom brady violateit and now they have to take some kind of
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action. >> what about the argument that the patriots are only getting hammered, for example spy gate in 2007 that there is some sort of perception about the patriots because they are going to have to pay a greater penalty because of their past? >> prove it. i don't see any other allegations brought against other teams that they're doing it or need to investigate any other team because they're doing it. we are focused on the patriots and tom brady and this investigation and from the words of this investigation it is pretty clear that there's wrongdoing. >> jim trol trotter an nfl reporter for espn, we appreciate it. >> you're welcome. >> the team behind ali velshi is proud to bring you a brand-new program. next week, mark $the interview of ali velshi on target, interviews you will not get anywhere else, 10:30 eastern and
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10:30 pacific tune in. that is our show today i'm david schuster in for ali velshi for everyone here thanks for joining us and have a great weekend. >> on alert tightening security at military bases in the u.s. alarming signs of radicalism online forced the pentagon to take new steps to protect american soldiers. reclaiming public trust. >> the department of justice is opening an investigation into whether the baltimore police department has engaged in a pattern or practice of violations of the constitution or federal law. >> the attorney ge