<Show: NIGHTLY BUSINESS REPORT>

<Date: March 27, 2013>

<Time: 18:30:00>

<Tran: 032701cb.118>

<Type: SHOW>

<Head: NIGHTLY BUSINESS REPORT for March 27, 2013, PBS>

<Sect: News; Domestic>

<Byline: Susie Gharib, Tyler Mathisen, Hampton Pearson, Scott Cohn,

Michelle Caruso-Cabrera, Brian Shactman>

<Guest: Jonathan Gruber, Joe Hinrichs>

<Spec: Business; Obamacare; Insurance; Government; Economy; S&P 500; Stock

Markets; Education; Financial Services>

<Time: 18:30:00>

ANNOUNCER: This is NIGHTLY BUSINESS REPORT with Tyler Mathisen and

Susie Gharib.

TYLER MATHISEN, NIGHTLY BUSINESS REPORT ANCHOR: Paying a premium. A

new study says insurance companies will pay out more for claims under

Obamacare. But what will that mean for you?

SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: Oh, so close. The S&P

500 can`t close the deal and sits just over two points from an all-time

high.

MATHISEN: And a collections mess. Why the government system to

collect delinquent student loans is causing headaches for borrows and

taxpayers.

Good evening, everyone. And welcome.

Susie, it was a generally sleepy day in the stock market today, but

not so for health care companies.

GHARIB: You know, Tyler, you can actually say that health care stocks

got a shot in the arm today. Investors snapped up shares in reaction to a

new study saying that some Americans will pay higher insurance premiums

under the President Obama`s health care overhaul.

According the Society of Actuaries, the proposed cuts in Medicare

funding and some new provisions of the Affordable Care Act means higher

payouts for medical claims, as much as 32 percent and possibly loftier

premiums for people who buy individual policies. Shares of UnitedHealth

group led all other members of the Dow, rising nearly 2 percent.

Hampton Pearson has more.

(BEGIN VIDEOTAPE)

HAMPTON PEARSON, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-

over):

While millions of Americans will have health insurance for the first times,

claims costs will go up, largely because more of those newly covered will

be sick people who tend to use more medical services. And when insurance

pays more, premiums go up.

ROBERT ZIRKELBACK, AMERICA`S HEALTH INSURANCE PLANS: We know that

premiums track the underlying cost of medical care. As the costs of

providing increases, premiums increased according. And as a result of the

health care reform law, there`s new taxes, there`s new benefits that are

being added to policies.

PEARSON: The Obama White House is widely criticizing what it calls an

insurance-funded study, saying it doesn`t give a full picture of all the

taxpayer subsidies and incentives aimed at reducing costs that are built

into the Affordable Care Act.

JOSH EARNEST, WHITE HOUSE DEPUTY PRESS SECRETARY: The reason the

Affordable Care Act was put in place was to ensure that we were expanding

access to health care for every American, but also because we wanted to

actually protect consumers who were repeatedly victimized by insurance

companies.

PEARSON (on camera): The spotlight of those premium costs will heat

up starting next month, that`s when insurers begin filing their proposed

rate plans with the states, all ahead of the big push this fall to sign up

millions of Americans without health insurance.

For NIGHTLY BUSINESS REPORT, I`m Hampton Pearson, in Washington.

(END VIDEOTAPE)

MATHISEN: Joining us now to talk more about rising health insurance

claims, Jonathan Gruber, a key architect of Massachusetts health care

reform efforts and now professor of economics a MIT.

Mr. Gruber, welcome. Good to have with us.

So, who is right here? The actuaries who say that claims payout and

presumably premiums are going to rise under Obamacare, or the White House

and the CBO, the Congressional Budget Office, who in a study in 2009, said

apples to apples, average premiums will stay roughly where they are or even

fall?

JONATHAN GRUBER, MIT PROF. OF ECONOMICS: I think, actually, the key

point is both are talking besides the point, which is we`re not talking

about the vast majority of Americans. The vast majority of Americans have

employer-sponsored insurance. They`re not part of the study.

This study is about a small slice of Americans that have insurance in

the individual market. In that market, the premiums will probably rise.

They`re not going to rise as much as the study says. The study leaves some

important factors out, but premiums will probably rise. But that will be

offset by substantial tax credits that are a key element of the law and by

the tax people who are getting more generous benefits, who pay less out of

pocket.

MATHISEN: Who pays those tax credits and subsidies?

GRUBER: Those tax credits and subsidies are paid for through spending

reductions and revenue increases that were part of the Affordable Care Act.

MATHISEN: So, if you think, on average, for individual policies, and

I agree with you that this is only pertaining to people who buy in the

individual market, not in the group market employer sponsored things, what

happens, not just to the average premium, but obviously, we all know that

averages are made up of people on either extreme. So, are there groups

that will end up paying a lot more and groups under Obamacare who for

individual policies may end up paying less than they otherwise would have?

GRUBER: Basically, anybody who is low income, below, say, about 2 1/2

times the poverty line, or about maybe $30,000 per family, they will pay --

or about $40,000 for a family, I`m sorry -- they will be paying less

because they will be eligible for large tax credits. So, less (ph) at the

cost of this insurance.

If you are above that level, or you are sicker or older and you were

excluded beforehand, you`ll also pay less because you`re uninsured and have

to pay all your cost out of pocket, now you get to be in the market and

have real insurance coverage. So, you`ll pay less.

The group that will pay more, is young healthy individuals who are not

poor. That group benefits today from a discriminatory market. When you

end discrimination, that group is going to suffer.

MATHISEN: Let`s talk -- pivot the conversation to the question of

insurance, as you rightly raised, most of the insurance in this country is

supplied through employer`s plan or subsidized by employers one way or the

other. What`s likely going to happen to the cost and price of those plans

and what I as an employee or a member of a group might pay?

GRUBER: You know, that`s a great opponent, and that is really the

major -- what the major conversation should be. Not about these reports

today, but about employer-sponsored insurance, which is what matters to

most of us. And basically the law will have little effect in the near term

on employer-sponsored insurance. Premiums (INAUDIBLE) going up a percent

or two, down a percent or two, this is not really a big effect on employer-

sponsored insurance.

The goal of this law was essentially to leave people who like their

insurance alone. The big from employer insurance will be small groups will

now have access to exchanges where their employees can now have a choice

across a wide variety of health insurance plans.

MATHISEN: Does the Affordable Care Act ban the lifetime maximum

payouts under plans and the annual payouts under plans? And might that in

a group setting raise premiums eventually?

GRUBER: It might raise premiums a little bit. But once again, it`s

very interesting. The conversation tends to focus on the cost. Let`s step

back and look at the big picture.

We are saying to Americans, we are going to guarantee that no longer

will you be bankrupted because you get hit by a car stepping off the curb.

In return, premiums might have to go up a percent because we`re getting rid

of out of pocket max -- you know, lifetime maximums. That I think is a

tradeoff we should be willing to make as a society.

MATHISEN: Jonathan Gruber, MIT professor, thanks for being with us.

GRUBER: My pleasure.

GHARIB: Here is an interesting twist to the housing recovery that we

have been reporting about. Pending home sales were weak in February

because there weren`t enough homes on the market. These are contracts to

buy houses that have been signed but haven`t yet closed and fell by 0.4

percent in February, slightly more than expected.

But the National Association of Realtors says pending sales are still

sitting near a three-year high reached just one month earlier.

MATHISEN: The Minneapolis Federal Reserve Bank president, Narayana

Kocherlakota, sounding very dovish today, repeating his proposal that the

nation`s central bank pledged to keep bench mark rates at the record low

levels until the nation`s jobless rate falls to 5 1/2 percent. That`s a

full percent lower than the current targets cited by the Fed as the one

Italy used as a signal to start pulling back on its easy money policies.

GHARIB: Well, the lingering chill in the air has been pretty stubborn

this month, especially in the Northeast, but auto sales are hot. And one

sure sign of spring is the opening of the New York International Auto Show.

All that pent-up demand led automakers to launch more than 140 new products

up from 90 a year ago. Full scale redesigns more than doubled and the

makeovers are happening faster than ever, every four to five years, instead

of the traditional seven or eight.

So it`s no wonder analysts are predicting U.S. auto sales in March

will surge as much as 8 percent. This will mark the best level in nearly

six years.

The big three are expected to report strong numbers, including Ford

Motor (NYSE:F). And earlier today, I talked with Joe Hinrichs, the

president of Ford`s North American operation and asked him what`s driving

those sales.

(BEGIN VIDEOTAPE)

JOE HINRICHS, FORD PRESIDENT OF AMERICAS: We are seeing success of

the new vehicles so far. You know, we had a new Escape and a new Fusion

launch at the end of last year. So, this year, they are helping to drive

our sales increases for the year. And so, so far this year, we are up 0.9

point (ph) of market share. We are up (ph) for another good March as well.

GHARIB: So, Joe, are you seeing more first-time buyers and young

buyers coming into showrooms. That`s what analysts say is so critical to

have long-term growth?

HINRICHS: We are. We are seeing a number of first-time buyers. We

are actually seeing a number of buyers from other makes as well coming into

our showrooms. It`s really being driven by the very fuel efficient cars

we`re offering, like Escape, Fusion, Focus, and that`s fuelling the market.

As well as the trucks, because of that housing market`s boom.

GHARIB: You know, yesterday, Ford CEO Alan Mulally was complaining

about the devaluation of the yen against the dollar and saying that this is

becoming a problem for Ford. The yen has dropped something like 15 percent

again the dollar.

Are you seeing, are you finding now that the prices on Toyota

(NYSE:TM) Camrys, Corollas, for example, are making them more attractive

for American buyers?

HINRICHS: Well, we have not seen it in the marketplace, but we are

anxious about what`s going on take place, because clearly, we believe

markets should set the exchange rates. And we believe markets should

compete fairly with each other in different economies.

So, we will watch it carefully. We are growing the business right

now, so we`re going to compete with our great new vehicles but we`ll watch

it carefully.

GHARIB: Yes, as you know, the New York Auto Show really focuses in on

luxury brands. So, I want to ask you how are March sales doing for the new

Lincoln?

HINRICHS: Well, you know, we have been launching the new Lincoln MKZ

this month. We are seeing arrivals in the showrooms and our dealerships

coming at the end of the month of March. And April will be a great

testament for the MKZ, because our dealers will have plenty of inventories.

So, really, March will be a little down again versus last year, but we

really look forward to April where we will have good stock and the MKZ is a

great vehicle.

GHARIB: You have been running those big ad campaigns for the new

Lincoln, is it working? Are you -- is it bringing in younger buyers?

HINRICHS: You know, what we are seeing is a lot of interest in

Lincoln. The hand raisers online for Lincoln have gone dramatically,

especially the Super Bowl ad and some of the other ads we`ve been running.

And also, the MKZ is driving a lot of interest. It`s a great, new smaller

car that people will be very interested in and, again, looking forward to

seeing those sales in April.

GHARIB: So, you are talking about sales for pickup trucks are picking

up and they have been doing really well. But now that GM is coming out

with a new Silverado and a new Sierra, what does Ford have to do to keep

its lead?

HINRICHS: Well, we`ve the leader for 36 years and we don`t plan to

give it up. You know, we have a great truck. Our sales have been up 15

percent so far this year on F150s and F series and we have a lot of great

inventory, and we are looking forward to another great sales year.

We obviously watch our competition very carefully, but we`ve been a

leader for 46 years and we`re going to continue to be the leader.

GHARIB: Joe, I want to ask you about that controversial ad that Ford

run in India. Just want to get, what was your personal reaction to it?

HINRICHS: Well, we were shocked. Just like everybody else and

frankly it was never anything we would approve or even set up for

production. We know our ad agency partner dealt with the situation with

the employees involved and we take it very seriously.

And, clearly, we understand the seriousness of the issue. But this is

not something that we ever condone and we were shocked like everybody else.

GHARIB: What kind of damage did it do to Ford`s reputation?

HINRICHS: Well, I think reacting quickly and understanding that we

didn`t have a part in the production of the ad really has to do with what

Ford stands for, and we believe this is obviously shocking and we`ll

continue to move forward. But, clearly, we`re apologetic and we understand

why people are offended and would never let something like this happen ever

again.

(END VIDEOTAPE)

MATHISEN: And coming up, students are deep in debt, defaults are on

the rise and now there`s another issue creating headaches for borrowers and

taxpayers alike.

But, first, have a look at how the international markets closed today.

(MUSIC)

GHARIB: On Wall Street today, a mixed close on the major averages on

renewed concerns about the debt crisis in Europe political uncertainty in

Italy and worries about Cyprus reopening its banks sent European markets

lower.

And Wall Street followed suit for most of today`s trading. The Dow

lost 33 points just a day after a triple digit gain lifted the blue chip to

a fresh all-time closing high. The NASDAQ lost four points and the S&P

lost about a point and missed its new milestone close by just over two

points.

MATHISEN: Beginning our "Market Focus" tonight, the FDA has approved

Biogen Idec`s new multiple sclerosis blockbuster. The drug Tecfidera is

expected to become the number one oral treatment for that disorder with

annual sales of more than $3 billion. As you can see, Biogen Idec`s shares

popped on the news this afternoon, gaining more than 3 percent, the stock

is up more than 25 percent so far this year.

A strong day for shares of AOL (NYSE:AOL) after a Barclays analyst

upgraded that internet company, calling for modest revenue growth. He says

the stock will take another leg higher. Barclays now rates the shares of

AOL (NYSE:AOL) overweight, with a $44 price target. Shares of AOL

(NYSE:AOL) have doubled in a year and closed up 8 percent today at $39.20.

GHARIB: And even on a so-so market day, 26 S&P 500 companies traded

at new all-time high. Among them, Visa (NYSE:V) and MasterCard (NYSE:MA),

on a report suggesting that China will liberalized credit policy benefiting

foreign card issuance. Both companies rose slightly, MasterCard (NYSE:MA)

closing at $538 and Visa (NYSE:V) at $168.66.

JPMorgan (NYSE:JPM) led the Dow losers on a "New York Times

(NYSE:NYT)" report that prosecutors are examining whether the bank fully

alerted authorities to suspicions about Bernard Madoff. A ban spokesman

told "The Times" that personnel who dealt with the Madoff issue, quote,

"acted in good faith." JPMorgan (NYSE:JPM) shares closed down almost 2

percent to $47 and change.

MATHISEN: And Cliffs Natural, a coal and iron ore company, fell more

that 13 percent, making it the worst performing stock in S&P 500 today.

Morgan Stanley (NASDAQ:NBXH) (NYSE:MS) downgraded the shares to underweight

from equal weight, citing declining iron ore prices and an increase in

supply.

Cliffs Natural is down more than 70 percent over the past year,

closing today $18.46 a share.

MATHISEN: Now, this week, we have been reporting on paying for

college, which for most students and their families involves taking out

loans. As we wrap up our series, "Hitting the Books," Scott Cohn reports

that with growing debt comes growing problems collecting it.

(BEGIN VIDEOTAPE)

SCOTT COHN, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): Three

and a half billion dollars in student loans have gone bad in the first

three months of this year alone. All told, $85 billion in defaulted

federal student loans, nearly 7 million borrowers.

Like Jason Paskowitz, not your typical borrower, he is 46, graduated

from Binghamton University in 1988 with $20,000 in debt. But then he got

sick, fell behind and interest and fees piled up. On that $20,000 in

principal, he`s paid $26,000, but the government says he still owes more

than $39,000.

JASON PASKOWITZ, STUDENT LOAN BORROWER: I never thought I would be

pushing 50 years old and still talking about this.

COHN: He says he`s been hounded by collection agents and now his

wages are being garnished. At this rate, Paskowitz will pay off his loans

in his 70s.

(on camera): It`s tough enough for the government to collect on

defaulted student loans with the growing debt and the not growing job

market, but there`s another problem, the government system for collecting

loans which relies heavily on private contractors is by many measures a

mess.

(voice-over): The government can`t even start collection proceedings

on $1.7 billion in defaulted student loans, according to this government

audit in December, which blames a system installed in 2011 by Xerox

(NYSE:XRX). The company declined to comment.

The Department of Education says, overall, default collections are way

up. It regrets the delay on what a spokesman called a small percentage of

loans, is working with its vendor to resolve the problem and the majority

of the loans will go to collection in the coming weeks. That means turning

them over to private collection agencies.

But consumer advocates say the companies are more interested in making

money than managing debt.

PERSIS YU, CONSUMER ADVOCATE: Their incentives are not aligned with

protecting borrowers` interest.

COHN: The department has adjusted the way it pays the firms and made

it easier for borrowers to complain.

Jason Paskowitz says it`s a start, but barely a dent in the massive

debt problem.

PASKOWITZ: As long as there`s a trillion dollars out there, I think

it`s going to be an uphill battle.

COHN: Even steeper as student loan debt continues to grow.

For NIGHTLY BUSINESS REPORT, I`m Scott Cohn.

(END VIDEOTAPE)

GHARIB: No question about it, this is such a mess, and I think Scott

really laid it out so well.

But, you know, the kinds of student loan debt that is piling up for

people are in six figures. You are talking about $300,000, a lot of

students are stuck with it and no new job.

MATHISEN: Even undergraduate schools. Some of them costing $60,000 a

year. That`s easy. You do the math. I can do the math on that. That can

be 300,000 bucks if you go through in five years as many people do today.

GHARIB: Well, still ahead on the program: hiring our heroes. What

U.S. companies are doing to recruit more military veterans into the

workforce.

But, first, here`s a look at how currencies, treasuries, and

commodities fare today, including natural gas, which hit a 1 1/2 year high.

(MUSIC)

GHARIB: Tomorrow is an important day for Cyprus. The nation`s banks

reopen for the first time in nearly two weeks. Now that the struggling

nation has received billions in eurozone bailout loans, officials in Cyprus

are stocking bank machines and have also put in place strict limits on cash

withdrawals especially money leaving the country.

But will that be enough to prevent panic when depositors finally

access to the money?

Michelle Caruso-Cabrera has from Nicosia.

(BEGIN VIDEOTAPE)

MICHELLE CARUSO-CABRERA, NIGHTLY BUSINESS REPORT

CORRESPONDENT: If

all goes according to plan, in roughly 12 hours, the people of Cyprus will

once again be able to walk in to a bank and withdraw money. However, the

authorities are expecting runs on the banks. So, they put in place new

measures that restrict the amount of money Cypriots can have and what they

can do with it.

Security preparations are underway for the distribution of large

amounts of cash. Inside this building at a private security company, 35

armored vehicles, weaponry, and lots of euros.

JOHN ARGHYROU, G4S CYPRUS BRANCH MANAGING DIRECTOR: I`ve been in this

business for 25 years now. And, surely, it`s going to be very, very busy

year, as busy as it was when we undertook the euro change over from the

Cyprus pound to the euro.

CARUSO-CABRERA: An increase in security at the central bank as well.

Armed officers from a special police unit stand by to protect employees so

they`re not attacked as they drive out. These same employees working

feverishly to ensure that tomorrow`s opening will go smoothly.

The banks were closed down by the government because they were on the

verge of collapse. And only this week did Cyprus finally secure a bailout

from Europe. But in the process, they agreed to downsize the banking

system.

Cyprus desperately needs what`s left of its banks to reopen, because

the economy has ground to a halt.

The head of the supermarket association says he fears shortages.

ANDRES HADJIADAMAU, SUPERMARKET ASSOCIATION: It`s a matter of a few

days.

CARUSO-CABRERA: A matter of a few days.

HADJIADAMAU: This coming week.

CARUSO-CABRERA: This coming week?

HADJIADAMAU: This week, yes.

CARUSO-CABRERA: This normally bustling port just outside the capital

is at a stand still. The only activity: loading empty cargo containers to

depart.

With the banks closed and all transactions frozen, businesses can`t

pay suppliers. Shipping companies are demanding cash up front and there`s

not much of that in Cyprus these days.

Even when the banks will reopen, Cypriots realize life will never be

the same on their tiny Mediterranean island.

ARISTOS SARDI, CYPRIOT: It`s the destruction of the country. There

has been an invasion. (INAUDIBLE) fall in and we are heart broke.

CARUSO-CABRERA: The new restriction includes a withdrawal limit of

300 euros per day. If you are traveling overseas, you won`t be allowed to

bring more than 3,000 euros per person per trip. Additionally, you can use

your credit cards unlimited in the country, but to a maximum of only 5,000

euros outside of the country. And no cashing of checks will be allowed.

For NIGHTLY BUSINESS REPORT, Michelle Caruso-Cabrera, Nicosia, Cyprus.

(END VIDEOTAPE)

GHARIB: Well, Cyprus isn`t the only thing that we`re going to be

watching tomorrow on NIGHTLY BUSINESS REPORT. It`s also the final day of

trading for the first quarter. The markets are closed on Friday for Good

Friday.

Weekly jobless claims data will also be released and BlackBerry

reports quarterly results.

MATHISEN: American Airlines, Susie, and U.S. Airways got the green

light to merge from the bankruptcy judge this afternoon. The company will

keep the American name and become the world`s biggest airline if the

Justice Department and U.S. Airways shareholders approve the deal. It`s

expected to close by the fall.

The judge rejected a $19.9 million severance package for the out-going

American CEO Tom Horton.

And finally tonight, a week-long push to bring returning heroes from

the wars in Iraq and Afghanistan closer to the jobs they so desperately

need and want. The unemployment rate for vets remains more than a point

higher than for civilians and the gap could grow more as troops come home.

This week, the U.S. Chamber of Commerce is fighting for those vets,

setting up job fairs around the country aimed at hiring our heroes.

Today, Brian Shactman visited one of those fairs at a Manhattan

armory.

(BEGIN VIDEOTAPE)

BRIAN SHACTMAN, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):

Owen Finnegan, a marine veteran of the Afghan war, has college and graduate

degrees. Still, his return to civilian life wasn`t easy.

OWEN FINNEGAN, VETERAN: It was overwhelming because I didn`t know

what I was going to do next.

SHACTMAN (on camera): At the home of the Fighting 69th National Guard

unit in New York City, 100 employers are entertaining more than 1,000

veterans, men and women who fought in Iraq and Afghanistan, all of them

looking for jobs.

UNIDENTIFIED MALE: I want to work in international finance.

UNIDENTIFIED MALE: In security.

UNIDENTIFIED FEMALE: For compliance role where I`m on a team, we`re

working with a group of people.

SHACTMAN: The U.S. Chamber of Commerce set a goal last year to find

500,000 jobs for U.S. veterans by 2014. In just 12 months, they are at

100,000 with another 100,000 committed.

LT. COLONEL KEVIN SCHMIEGEL (RET): We see big companies across making

commitments, talking about the number of veterans that they`re hiring in

their companies.

SHACTMAN: Wall Street is one target. Citigroup (NYSE:C) hired 800

veterans last year and plans to bring in 1,000 more in 2013.

At Wells Fargo (NYSE:WFC), 1,000 were hired, and at JPMorgan

(NYSE:JPM), more than 5,000 since 2012.

SUNI HARFORD, CITI HEAD OF MARKETS, NORTH AMERICA: We set goals for

the future. And as things pick up, we`ll continue to build that.

SHACTMAN: The problem is this: national unemployment is 7.7 percent.

For post-9/11 veterans, it`s closer to 10 percent, almost 30 percent for

vets under the age of 25.

SCHMIEGEL: There are 3 million to 4 million jobs that aren`t being

filled right now because we lack a trained workforce. We need to start

with veterans and military spouses because they work well in teams, because

they have led and managed small groups, because they have an incredible

work ethics.

SHACTMAN: Owen Finnegan is one veteran of the program.

FINNEGAN: To go from something that is your whole life to becoming

just a regular person with a job is a massively scary thing.

SHACTMAN: Finnegan chose to pursue a career in financial services and

flew cross country to a similar job fair a year ago, he landed a job at

Capital One and has been working in Virginia ever since. Today, he was in

New York to recruit and pay things forward.

FINNEGAN: I just knew that I got my job here only because of this.

SHACTMAN: For NIGHTLY BUSINESS REPORT, Brian Shactman, New York.

(END VIDEOTAPE)

MATHISEN: It`s a wonderful program. We were visited earlier today

here, Susie, at headquarters by another group called Heroes to Heroes, for

individual service men and women who are on 100 percent disability. They

can`t go back to work, and if they do try and go back to work, and it

doesn`t work. Most of these individuals have post-traumatic stress

disorder or traumatic brain injury. If they do try and go back to work,

then they lose their disability. It`s a kind of catch-22.

The program is also taking groups of these vets over to Israel, which

has a very, very comprehensive program for taking care of wounded veterans.

And it`s a wonderful --

GHARIB: We need support systems. But one thing I can say from having

talked to companies that do hire vets is that they like them because they

think on their feet, they know how to do more with less resources and they

make, you know, good leaders.

So, good news to the ones that are healthy enough to get jobs.

MATHISEN: And they know how to perform under stress. Let`s point

that out.

GHARIB: Yes, exactly.

Well, that`s it for NIGHTLY BUSINESS REPORT for tonight. Thanks for

watching. Have a great evening.

You, too, Tyler.

MATHISEN: I`m Tyler Mathisen. Thank you all for joining us, and we

hope to see you back here tomorrow night.

END

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