tv News Al Jazeera October 11, 2013 2:00am-2:31am EDT
2:00 am
>> in washington a move to end the impasse there may be a deal in the works to raise the debt ceiling but still no word on whether the president and the house republicans will agree to end the shutdown. a monster storm is heads straight for indian. the cyclone has a strength of a category five hurricane and there are fears it could devastate the country. the nobel peace price announcement due out this morning. one of the favorites is a 16-year-old pakistani school girl shot by the taliban because she fought for the right to go to school. and could the pose business go p in smoke. while marijuana sellers are having a tough tile doing
2:01 am
business with -- time doing business with traditional a banks. >> reporter: ♪ ♪ >> welcome to al jazerra america. i am del walters. we can a week away from a potential government fault. threw some encouraging signs coming out of washington. you are looking live at capitol hill, john boehner promising to hike the borrowing limit and talks of ending the shutdown as well. mike viqueira that is all the districdetails from washington. >> reporter: they met for an hour and a half behind closed doors, there is no deal yet it's the first positive sign in weeks. returning to the capitol after the meeting, republican leader eric canter was upbeat. >> we had a very useful meeting. it was clarifying, i think for both sides as to where we are.
2:02 am
the take away from the meeting is we will meet our teams tonight and the president said that he would consult with the administration folks and hopefully we can see a way forward after that. >> reporter: no deal yet. but in a statement the white house cited continue progress in the talks all marking a big change in tone with exactly one week left best debt ceiling deadline. it began with a sudden move from g.o.p. leaders. >> what we want to do we offered to the president today the ability to move a temporary increase in the debt ceiling. >> reporter: a six-week increase in exchange for a promise to negotiate on a budget. a temporary solution, but one the white house welcomed. >> if they were to sends in a clean debt ceiling extension, no partisan strings attached, he would sign.
2:03 am
>> reporter: details remain vague and there are guarantees it could pass the house. nancy pelosi doesn't like the idea. >> we have to see the whole package but it certainly isn't very smart. >> reporter: and after pushing the confrontation, house remember cans are luke warm. but as the crisis drags on, their approval rating is sinking. now it's just 24%. according to an nbc wall street journal poll an all-time low. and 52% now blame them for the impasse. while 31% blame democrats. missing from the g.o.p. plan an offer to end the government shutdown. >> this is a situation where they do not know what they want. >> reporter: after their meet with this president, senate democrats insisted that before any debt talks start, a shutdown must end. >> they want to negotiate before you reopen the government. >> not going to happen. >> are we closer to a solution? >> reporter: one thing that's almost gone unnoticeed in all of this, republicans, conservatives no longer try to link a defunding or delaying what we
2:04 am
call obama care to a spending bill or a hike in the debt limit, back to you. >> if the debt limit sunday raised by next week's deadline it would leave the government unable to borrow money to pay its bills for the first time in the nation's history. republicans split on how to deal with the debt ceiling some want to stan forme stand firm. others want to move on. libby casey has that part of our story. >> reporter: today's republican party has some different factions, those around longer and more moderate and have long lasting ties to the business community. and then there are the tea party republicans, relatively now washington and full of conservative values that they are willing to go to the mat for whether it's trying to fight the federal health care law or trying to deal with the debt. in spite of warnings from economists that breaching the debt ceiling would be a disaster for the u.s. economy, a group of conservative republicans is pushing back. and upsetting some of the
2:05 am
g.o.p.s best friends, business owners. these republicans are debt deniers, they say the obama administration is ex-an ating eg the impact. >> i don't think it will be collapse of i think all this talk about a default has been a lot of december going reu. >> first awful, there is zero chance the u.s. government will default on its debt. >> nobody wants to default. nobody wants to default. but the default and hitting the debt ceiling are two separate entities. >> reporter: treasure second says failing to raise the debt control buying october 17 is this poe step tennessee chalet catastrophic. >> 23 congress fails to meet eights responsibility it could deeply damage markets, the jobs and savings of millions of american. i have a responsibility to be transparent with congress and the american people about these risks. and i think it would be a grave
2:06 am
mistake to discounts or dismiss them. for these reasons i have repeated urged congress to take action immediately so we can honor our countries' commitments. >> reporter: the warnings have the business community worried. congress should act to avoid inflicting zaun shall and enduring damage and enduring damage. it's at odds with the debt deniers. the country's largest business organization spent more than $30 million in the last campaign cycle trying to get republicans elected. they had spent just $600,000 supporting democrats. holly wade with the national federation of independent business says all the fighting over the debt ceiling hurts small businesses. >> how the federal reserve responds to how the banks respond to the debt ceiling negotiations and things like that, it has a direct impact on small businesses. and their ability to borrow and the cost of borrowing as well.
2:07 am
so all of that will hurt small businesses. and you know, and then there is still the overall uncertainty of how this will affect and you know, the more uncertain people are the more they are going to tighten their purse strings. >> reporter: just how much of a division between republicans and the business community the g.o.p. debt deniers will cause depends on one thing, whether congress acts to raise the debt controling in time. all eyes are on capitol hill and the white house looking for some resolution before the crucial debt limit deadline. economists say the treasury department does have some wiggle room after october 17th when it can prioritize its bill payments but they warn that that window won't last long and they say in the meantime, markets could dramatically react. >> and that internal strive isn't the only issue republicans are facing, their public image is also taking a hit. according to gallop the g.o.p. is polling at an all-time low at 28%. federal government will once again be able to send financial help to the families of fallen
2:08 am
soldiers. president obama signing a bill on thursday that restores death benefits that were stopped because of the government shutdown. the fisher house foundation a military charity first agreed on thursday to pay out those benefits during the shutdown, the bill now reinstates the 100,000-dollar payments for military families at well as funeral and burial expenses. hopes for a short-term deal september stocks soaring on thursday. the dow jones jumping 323 points. that is the largest one-day gain this year. there was similar wall street reaction back in january that is which congress agreed to ideal to avoid the so-called fiscal cliff the market then jumped 300 points on that day. despite that surge on wall street some big financial players are now hedging their bets on the debt ceiling deadline. j.p. morgan selling all of its short-term u.s. government debt that mature this is month. fidelity investments making a
2:09 am
similar move. morgan officials say the chances i've government default is low but they are taking precautionary measures to protect their investors. international inspectors given the tact of destroying syria's chemical weapons stockpile say they are making progress. a spokesman says the team has visited three chemical weapons facilities so far, their list includes 20 locations around the country, some in areas that are currently patrolled by opposition forces. syrian state tv showed video of those inspectors at one of the sites. but wouldn't say which one. over the last 11 days, the group has been going to chemical weapons sites in government-held areas. the u.n. has given those inspectors until the middle of 2014 to finish their work. ♪ ♪ >> meteorologist: well, we have been watching this cyclone for the last several days, it has really developed intensifies,
2:10 am
more than we thought about 24 hours ago. the water temperatures are very warm. you can see the eye in the center of the bay making eights way to the northwest and we do expect to see local time in india a landfall in this area probably on saturday afternoon to saturday evening. this is the track of the storm it hasn't changed too much over the last several model forecasts but we were concerned about what will happen towards the north of that area, that is the most powerful side. we are talking about east ben gallas well as in two parts of bangladesh and what happens is where the turning of this storm it really pushes the water inland as well as in those river deltas here. so a lot of flooding is going to be a problem. storm surge could be over six feet in that area. so this is what we expect to see friday, saturday afternoon, making lands fall and then on sunday a tropical storm or depression as it gets closer to the himalayas the rain will fall across the mountains and come down and we'll see flooding and
2:11 am
mutt slides as well as landslides. now, the population in this area is very high, you can see we are talking about 800 to 1600 people per square kilometer in this area. and this is what we are talking about especially over here towards bangladesh, a lot of people are susceptible to low lying areas along coastal regions we'll bring you more on this as we go through the rest of the day. now, the philippines, this is making landfall on friday, later on today, we expect this to be a very strong storm. they are already seeing the rainfall making problems here across luzon. the storm track is going to go probably over manila and manila is extremely susceptible to food flooding they have seen that before. we expect to see a major problem across that region. three pole at this processing plants will remain open for now. the u.s.d.a. saying foster farms has made the necessary changes at its plants in fresno and livingston, raw chicken processed by foster farms has been link today a salmonella out
2:12 am
break that has sickened 278 people in seven toon say. the government inspectors will closely watch the plants over the next three months. a victory in new jersey for supporters of same-sex marriage, a state judge denying governor chris christy's request to delay game marriage in the garden state. the judge ruling that new jersey can begin issuing marriage licenses to same-sex couples start the 10 days from now. last month that same judge writing the decision that ordered the state to allow same-sex marriages, governor christy wanted to wait to implement until the say supreme court heard an appeal on that ruling. still ahead, detroit's mayor the former mayor going to prison. the stiff sentence that he received for corruption. a major legal victory for toyota in a wrongful death lawsuit concerning the company's vehicles. and the business of marijuana facing a major road block. why the banking industry creating problems for legal pot
2:15 am
the former mayor of detroit kwame kilpatrick has been sentence today 28 years in prison. as al jazerra's john tells us it's one of the toughest corruption e en sentences given for a major politician. >> reporter: his decline has brought him from the highest office in detroit to a third spell in prison. he governed detroit for seven years. and once seemed destine today for national offers, knowns as detroit'known asdetroit's hip h. and brought low by corruption. he is the 18 the steal official to be charged with misconduct during his tenure as mayor. on thursday he was sentence odd two dozens counts including racketeering and extortion charges. he first served four months after he lied under oath during a police whistle blower lawsuit and approved an $8.4 million
2:16 am
settlement to cover it up. he went to jail again after he was convicted of hiding assets from the court. prosecutor says he's not the main culprit of the city's bankruptcy which is a result of larger social and economic forces at work for decades but his corrupt administration exacerbated the crazies. his lawyers argue he's been made a scapegoat for the financial woes i've beleaguered city. the city is half its former sides and despite some urban renewal successes downtown this is struggling with thousands of abandoned homes in a bankruptcy that led to a take over by the state of michigan in march. now for detroit, the road to renewal remains as pot holed as it's a city streets. john, al jazerra. >> kilpatrick speaking out after his hearing saying he accepts responsibility for hurting the people of detroit. people in san francisco could be in for a hectic commute on friday morning that 60-day cooling off period for a strike by bay area rapid transit workers expires at midnight in california. if negotiators can't reach a new
2:17 am
agreement on pay and other issues the city could be in for its second rail strike since july. the mother of american missionary kenneth bay has arrived in north korea to see her son. bay is serving 15 years of hard labor. north korea says he tried to overthrow the government there. bay has reportedly been battling serious health issues since being di detained last november. the u.s. government has asked for his release. there are new details in the case of baby hope, the toddler's body was found in a picnic cool air long the new york city highway back in 19 nineties one. this week the nypd identified her child and her fa pho* they are for the first time. they now sea that they want tok the little girl's father but stopped short of naming him as a sus specific he's believed to be living in new york city or mexico. and california a jury found toyota not liable for the death of a woman in a crash back in 2009. the suit to filed by the family claims that her camry unexpectedly accelerated before
2:18 am
crashing in to a tree. after six days of deliberations jurors rejected that claim that toyota had a hands in her death. the case was the first i've group of bell weather cases against toyota to go to trial. blackberry could find itself in the center of a bidding war according to securities filing cofounder michael is considering buying the entire company. he is also increased his stake in the struggling smart phone maker. the financial holdings has already put in a nearly $5 billion off for blackberry after the company put itself up for sale in august. the cost of getting a college degree at a 40 year low. there is a knew study showing tuition and fees at private u.s. colleges rising only 3.6% that school near. that is the smallest increase since 1973. the average tuition and fees for the past academic year averaged about $29,000 at private colleges and justs. food stamp benefits are
2:19 am
scheduled to be cut at the end of the month. this is unwelcome news for millions of americans who depends on them each and every month. more than 47 million americans rely on food stams each month, nearly half of them are children and teenagers, as of october 31st a temporary increase in benefits will expire. and with congress preoccupied with the shutdown, that is not likely to change. it's been nearly a year since initiative 502 passed in washington state. that legalized the recreational use of marijuana. but pot entrepreneurs in that state are having a tough time finding a bank that is willing to do business with them. allen reports. >> reporter: so you want to open a pot store. here is an important question. who is your banker? >> if you are up front about what you are doing, currently, you are not going to get banking. >> reporter: so john davis is not up front. he owns a medical marijuana dispensary and hope to his get in to recreational retail sales as well. operating on a cash-only basis
2:20 am
is much too cumbersome and dangerous he tells us, so he runs his finances through a holding company. a front. it's what a prosecutor might call money laundering. >> perhaps. perhaps. but i would rather have -- i would rather be in a court saying, look, i am tempting to comply with the law if you want to say that that's money laundering, great, but i -- it is a vehicle that i needed to pay my taxes. >> the banking industry is federally regulated and federally insured. >> reporter: attorney david kurr specializes in marijuana law. and says it's a reasonable position for banks to stay away from marijuana proceeds. >> banks run the risk of losing their federal deposit insurance if they are in the business of taking in and laundering the proceeds of criminal activity. >> reporter: the u.s. justice department has indicated that it won't sue states over legalization. but that is internal policy for
2:21 am
now, not the law of the land how sensitive is this issue you? this state's largest banking group refused to discuss it even over the phone. the credit unity announced earlier this year they were holding medical marijuana accounts. but after getting publicity and resulting with attorneys, they backed off. closed those accounts and stops taking new pot customers. john davis has his own atm in the lobby but he has to stock it with money because no financial entity will touch it. >> is it easy? no. am i going to stick it out? absolutely. >> reporter: as for the state of washington, which will be handling hundreds of millions of dollars in taxes paid every year by the new marijuana industry, the treasure's office says it doesn't expect to have any problems at all with its currents banker. the bank of america. or with any future banking partner. the view from the state capitol is tax revenue is tax revenue. everyone if it is something that the federal government could
2:22 am
still define as drug dealing. alan, al jazerra, seattle washington. >> washington state will license 334 pot stores stayed wide. those stores should be open for business by next summer. the government shutdown having par-reaching impacts, the pain ises that americans from across the country are feeling from their budget battle in d.c. and graffiti artists fight to go keep the end center of street art a life the battle they face that's taken them to federal court.
2:24 am
♪ ♪ there are estimates that the price tag for the first 10 days of the government shutdown is around $2.7 billion. and it's not just affecting the 450,000 government workers who got the pink slip, every day americans across the country are now starting to feel their pain as well. al jazerra's roxana has that story. >> reporter: in colorado, people
2:25 am
who depends on tourism are suffering from the closure of rocky mountain national park? >> if in washington people don't find a way to work together, i don't know what will become of this country. >> reporter: the obama administration says it will let states use their own money to reopen national parks, but at least one governor tom core bit of pennsylvania says his state can't ford it. formers are feeling the affects of the shutdown all across the country. in georgia local farm service offices are closed so farmers can't apply for new loans or receive government checks for programs that they are already enrolled in. >> they can't come to a common grounds that's what i don't understand. it's frustrating. >> reporter: in illinois, furloughed workers at the environmental protection agency say, when they can't go to work, they can't protect the public. >> we do that through regulations and through people being out in the fieldin specting wetlands, inning inspeg instrument plans, inspecting
2:26 am
discharges, if we are not out there, who is? >> reporter: and some workers in texas are also worried about safety on the job. >> there could be more accidents, he says, that's because the occupational safety and health administration isn't doing random inspections. it's investigating only cases of grave danger and death. americans can expect to field shutdowns effect on their pocket books as time goes on, moody's analytics tells al jazerra that the shutdown and worries about the debt ceiling deadline next thursday could shave half a percentage points off the nation's gross domestic product over the last three months of the year. year. >> others feeling the pinch include home buyers and charities everything hunters on federal lands. the recipients of this year's nobel peace prize will be a influenced in just a few hours, one of the can contend percent a 16-year-old from pakistan on thursday she won the prize that is given each year by the
2:27 am
european union for human rights, it's worth $65,000 is considered to be europe's top human rights honor. the taliban shot her in the head a year ago because she was campaigning for the right for girls just to get an education. a mecca for graffiti could soon become just a them rim the new york city council has approved a plan to demolish a space in queens and put up apartment to you ores that same spot. al jazerra's kristen reports on a group of artists going to court hoping to stop it. >> reporter: on the subway train to manhattan, one building stands out in the urban landscape, a blaze with color and creatively. it's known as five points. the old industrial site is emeka for graffiti artists jonathan cohen better known by his street name mirrors one serve is at curator. >> there is no other such location that offers wall space at any given time, any different
2:28 am
date for artists whether you are a placing, horrible or in between or never even touched a can ask just wants to experience it. we do offer that. >> reporter: an icon of street art it's been a backdrop for music and movie videos but the building is lated for did he truck the name five points refers to the five burrows of new york city coming together. in fact this site attracts graffiti artists and admirers from all over the world on a daily basis and news that this will all soon be lost is hitting them hard. these artists came all the way from france. >> all around the world everybody talk about five points. you know. many graffiti artists came here since a lot and it's really sad if it's gone. >> reporter: the owners plan to build two high rises on the site after years of allowing the artists to work there. the plans include gallery space for artists, as well as a place for their artwork outside the
2:29 am
building. city counselor jimmy helped negotiate the deal. >> the folks at 5 points wanted it to be just what it is, kind of forever. and that wasn't possible given the private own are shi ownershe lands. >> reporter: butt artists aren't happy. they have filed a lawsuit under what's known as the visual artists rights act. which gives artists some say over their works regardless of who owns them. >> it's definitely not attacking the landlord. it's really fighting for the artists and giving them a voice after 11 years of work they deserve to be recognized. >> reporter: with few legal places left to spray parent, the destruction of 5 points would sends these artists back underground. their work here consigned to street art history. kristen, al, new york. >> 5 points is believed to be the world's largest collection of street art.
2:30 am
100 Views
Uploaded by TV Archive on