tv CNN Newsroom CNN October 23, 2011 11:00am-12:00pm PDT
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he speaks as you ard of iran's pre-islamic past with pride, something that is her rosie to the clergy. and many believe he wants to be the iranian president who will normalize relations with the west. but with all that is going on now, between the saudi plot and the nuclear deadlock that appears a distant prospect. thanks to all of you for being part of this special program this week. i will see you next week. you're in the cnn newsroom. we start with a massive earthquake striking eastern turkey a few hours ago. the quake's epicenter hit about a dozen miles from the city of van near the border with iran. dozens of apartment buildings, crumbled in one town alone and reports of very heavy damage are coming in from other areas. death and casualty counts are mounting quickly. rescue crews and town residents
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are climbing through the rubble looking for both the victims and survivors with bare hands. in libya, they are waving flags, blasting car horns and cheering wildly. ♪ >> people across the country are celebrating the end of the moammar gadhafi era. transitional leaders today formally declared the country liberated. meanwhile, it is now confirmed moammar gadhafi died from a gunshot wound to the head. libyans in misrata have been lining up to file past the body of the long-time leader. a libyan doctor announced the autopsy results today and says his official report will be eventually released to the public. in western australia, police have identified the american victim of a shark attack. 32-year-old george thomas wanewrite of texas was killed by a great white while scuba diving. friends say he whiz in the water alone when they noticed air
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bubbles and blood rushing to the surface. this was the second fatal shark attack in the past two weeks near the city of perth. now to that devastating earthquake in turkey. the 7.2 magnitude quake struck eastern turkey in a poor section of the van province. that's close to turkey's border with iran and ar mania. it is the most powerful quake to hit turk dmi a decade. at least seven powerful aftershocks have rattled the area already. it is nighttime right now there, and many of the rescuers are relying on flashlights and shovels to dig through piles of rubble searching for victims. it is feared that there could be between 500 and maybe even 1,000 deaths. two doctors are feared to be buried in the rubble of a medical building. some of the victims are getting basic medical care right in the streets. freelance journalist andrew finkel is in istanbul, turkey. what more can you tell us about how help is getting to that
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affected area. >> well yes, the earthquake struck in the afternoon. i suppose if there had to be an earthquake, then this really was the best time for it to happen. it was a sunday afternoon, obviously people weren't at work, they weren't asleep. even so we know the devastation was fairly massive, large buildings collapsed, and now there's a nationwide rescue operation under way. there's fights are going into van airport. van is the city really near the epicenter of this event. happily the airport is still open. a massive rescue operation being mounted throughout the country to try to save survivors, fredricka. >> and i wonder how rudimentary this rescue effort is going to be, because they can't very well transport large kind of earth-moving equipment to that area, can they? >> well, these are -- these are not -- this is not the richest
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part of turkey. these are poor communities. but they are substantial metropolises, they are substantial cities. there is some earth-moving equipment there already. ambulance planes arriving, a fairly sophisticated rescue operation under way. you have to remember that turkey is no stranger to earthquakes. even though this is the most severe in a decade. it's a country that knows it's on an earthquake zone and it's a country that knows it has to be prepared for earthquakes. it's not always as prepared as it should be. but it has the resources to deal with. indeed, many countries including the united states, have offered help in turkey's darkest hour. so far turkey says no, the situation is under control. we can handle it. we're getting tents, blankets and medical facilities to those who need it most. >> apparently there is a significant lake nearby. what are the concerns about that lake?
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andrew if you're able to still hear me. i understand there may be concerns about flooding from a nearby lake. is that the case? >> well, both these cities are built very near or next to a very large lake, lake van. and yes, i don't suppose there's going to be any tsunamis. nothing like that. but there is some fear that, of course, as there is an earthquake, the water's edge erodes and falls in. there was some attention to this in the press, even this week, even before we knew there was an earthquake, but so far we haven't actually heard of any major incidents because of flooding, fredricka. >> andrew, thanks so much for joining us from istanbul. appreciate that. alexandria steele is here. andrew underscored it. certainly turkey is no stranger to seismic activity, but what
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more can you tell us about kind of the vulnerabilities to that area? >> getting to your point you were asking him, what it really could be is a displacement of the water from lake van. lake van is about 74 miles across, it is massive. the displacement of that water close to this very poor area. let's get to why this could happen. what is an earthquake and why it happens. it's the theory of plate tectonics, right. i'm trying to describe this and show you. the earth's crust is comprised of plates pretty much rock and soil. picture these two pieces of paper as plates, right. about seven major plates, there are more minor ones around the world. these two come together, look what happens. see what happens. they've got to move. if they come up or they go down, so the plates can come up, down or shift side by side. you can see someone's going to win this fight. there's going to be movement of the earth and that's what we've seen. here's turkey to give you a perspective. look at the huge plates. here's the arabian plate and the
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uray shan plate. eastern turkey incredibly vulnerable, many fault lines, you can see a lot of these fault lines. this is from 2003 earthquake. so you know, we talked about the vummer inability of turkey. look in 1999 what happened. 7.2 magnitude earthquake, all major. 7.6. killing 17,000. again this is incredibly poor area. 894 dead. 58 major earthquakes between 1903 and 1999. and 70% of this population lives along fault lines where they certainly could see them and do see them and often have and 66% of the country located on fault lines. if you live in turkey you can't really run at all from this really quite a susceptible problem for the people living there. >> thanks so much for that view. and now to libya, where across that country, euphoria. especially in the city of bengha
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benghazi. the people are trumpeting the start of the post-moammar gadhafi era. this is a city where the uprising against gadhafi sprouted and it is where the country's new leaders today declared libya liberated. nick patton walsh is there. nick, it's nightfall, clearly a whole lot of people who are out still celebrating. describe more about that scene for me. >> well, the crowd has thinned out behind me, but behind are many rebel fighters, shooting their weapons in the air, frankly, in celebration. you can see gathering around. [ inaudible ] at the core, but it is in celebration. this is all from about [ inaudible ] the chairman of the transitional council declared liberated about two hours ago. his speech telling really what he said in the words clearly
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echoing the people here. now, he asked them to remember patience and tolerance, forget about envy and remember libyans are now brothers united in love. clearly a recognition of a task ahead, trying to appeal to the goodwill of people who have been through a bitter and dark civil war over the last eight months but are now beginning on that difficult road ahead towards reconstruction development create something kind of post-gadhafi era. still celebration, jubilation, putting behind them 42 years plus of the gadhafi regime. >> all right. nick, also the gunfire, that celebratory gunfire, fireworks behind you as well. if you can, tell me what is next for the either selection or the shaping of a new government? >> well, there are elections
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supposed to be coming in the next year plus perhaps. people have yet to put themselves squarely in for the job of leading libya through this essentially very difficult era. there's an awful lot of money libya has at its disposal to fix many of the problems the civil war brought up. a lot of potential income from the sale of oil. massively rich in the natural energy resources. but one key is really can these people who seem enormously united and be what they've achieved in the past few months can they remain united as a country. the factions that caused this civil war against the gadhafi regi regime, remain united, push forward and see the change and progress that people here high on expectation, what they've achieved in the civil war, are really demanding as soon as possible in their ordinary
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lives. >> nick patton walsh, thanks so much from benghazi. it is a a question asked around the world, who killed libyan strongman moammar gadhafi? the answer coming up at the half hour. and a warning to iran from secretary of state hillary clinton and the republicans hit the sunday talk shows airing their complaints over the idea of leaving iraq. you'll hear it from their own mouths in a few minutes. but actually we do -- and my kids would be like, "awesome, mom!" oh! i did not see that. [ male announcer ] layaway's back for christmas in our toys, electronics, and jewelry departments. when they taste the food that you cooked, it does something to your heart. i think what people like most about the grilled food is the taste. the flavor comes from that oak wood. the shrimp, the fresh fish, the steaks. it locks in the flavor, it seals in the juices so that when you put the fork in it, it just goes through it like butter. it's beautiful. [ laughs ] i'm proud to be a grill master.
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everybody say "awkward." protecting your family fun. now, that's progressive. call or click today. a harsh warning to iran today from the u.s. secretary of state hillary clinton. she says iran shouldn't mess with iraq now that u.s. is pulling out troops from that country. clinton made her comments this morning on cnn's "state of the union." let's bring in athena jones
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joining us from washington. how tough a warning was this? >> well, it was a pretty tough warning. the secretary of state wants to send the message that even though u.s. troops are pulling out of iraq, it isn't as though the country is going to turn its back on iraq and forget about all the years spent there and the blood and treasure spent there. let's listen to what she had to say this morning to candy crowley. >> no one, most particularly iran, should miscalculate about our continuing commitment to and with the iraqis going forward. iran would be badly miscalculating if they did not look at the entire region and all of our presence in many countries in the region, both in bases, in training, with nato allies like turkey. >> and so secretary clinton made the point that they're still going to be a large diplomatic presence there in iraq on the ground, some 1700 diplomats and business experts.
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there's going to be an embassy operating in baghdad and consulating in bass sa ra. and made the point about the fact that the u.s. still has a strong presence in the region and ties there. but she's responding to a lot of the criticism we're hearing on the republican side. whether from members of congress or from republican candidates about this decision to pull out of iraq completely and not leave behind several thousand troops for training. let's listen to what senator lindsey graham had to say about this. >> not being able to close the deal in iraq is a very serious mistake, celebrating leaving with no troops behind is a serious mistake, ended iraq poorly, fumbled the ball inside the ten. i hope i'm wrong about what happens in iraq. but they're dancing in the streets in tehran. >> that's one example of some of the krits sichl we're seeing from republicans of president obama and this failure to reach this deal on immunity for u.s. soldiers there. we can expect to hear more on that going forward.
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>> thanks so much, athena jones, in washington. so with ten weeks to the iowa caucuses, most of the republican presidential candidates are making a bid for the social conservative vote. they appeared at the iowa faith and freedom coalition dinner and many used the opportunity to stress their anti-abortion views. >> number one, on abortion on demand, i would be fully supportive of a federal constitutional amendment to define life from beginning at conception. i believe at life from conception until natural death and i would support all pro life language that comes across my desk. >> i would not sign any legislation that in any way allowed the government to be involved in it. i would strengthen all of our current laws that prevent abortion. i believe that abortion should be clearly stated and illegal across this country and i would work to defend planned parenthood and make sure that i
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appoint judges that will enforce the constitution, no activist judges and i would also make sure that we didn't allow any bureaucrats to get in the way to protect the life of the unborn. >> it is a liberal canard to say i am personally pro life but government should stay out of that decision. if that is your view, you are not pro life. you are pro having your cake and eating it too. >> so strong words from the candidates trying to make some clarifications on their positions perhaps. want to bring in republican analyst lenny mcalister joining us from chicago. lenny, before we launch into why and what is being said, let's take a look at this cnn/orc poll. it questioned republican voters about abortion in september and in the poll, 11% said they supported abortion in all cases. 61% said they favored it in
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certain circumstances. so lenny, add those two numbers and you have 72% of some cases. so given the poll's findings and given the anti-abortion statements or let's just say the pro life statements made to the crowd of social conservatives, are the candidates talking to the 27% in that poll? and to those i owe wans that oppose all abortion and if so, why? if that is represented as the minority. >> well, they're absolutely speaking to the 27% right now and they're speaking to iowans because they understand how important it is to get out in front and have a very strong showing in iowa. people such as herman cain can solidify their status as a frontrunner if they come up strong in iowa. rather than trying to talk to the 72% they're going to have to talk to later on, this is an opportunity to grab an early win and then move forward when it comes to fund-raising, when it
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comes to building a structure. if you look at herman cain he's in a position that then senator obama was in. he was laying back in the weeds a little bit, somebody that was a nice story but not expected to really come up with any big victories. iowa came along. if cane can follow the obama model win iowa talking to the social conservatives and win them over, he can possibly win iowa and then south carolina being a native georgian and then two out of the three first contests on the gop side if he comes out the winner, he has momentum that he may be able to ride all the way through the summer of 2012. >> so if one gets that momentum, and now talking about a more national platform, voters want to hear about the economy. apparently they want to hear about the economy in a different way than how the candidates were talking about the economy say in the 2008 election. how might these candidates talk the economy, but differently? >> well, one of the things that you saw, obviously, from herman
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cain was 9-9-9 and then 9-0-9. they're going to start talking about how tax reform is going to stimulate jobs. one of the things that the obama administration has been vulnerable on is all the regulations that even the late steve jobs told president obama these regulations are going to make you a one-term president. what you'll find them doing as they move away from iowa, as they move away from the social conservative issues, they'll get back to an economic plan that allows them to show folks how they're willing to build jobs and build a structure where more prosperity comes into the america fire not just on wall street but also on main street as well. this is something we heard in 2008. we haven't heard it much since from the obama administration. we haven't had many successes on main street over the last 3 1/2 years. this is something they'll go after once 2012 kicks into gear. >> lenny mcalister, joining us from chicago, thanks so much. we're not done talking about politics. we'll do it again in the 4:00 eastern hour where you want to
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join us every sunday. when we dedicate an entire hour to the presidential contenders come the 2012 election. all right. talk sports straight ahead. the chicago bears and the tampa bay buccaneers kicking off today, but not in the u.s. across the pond in london england. we'll explain why after this. look, every day we're using more and more energy.
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is mostly played in north america. that's exactly why the nfl continues to push to try to expand the market by playing games, football games, we know as football games n london. the chicago bears and the tampa bay buccaneers are playing right now. pedro pinto from cnn international joining me outside wembley stadium in london. this is the fifth straight season that nfl has played in london. is it catching on be? when we say football, do they get our style of football? >> hey, fredricka. great to talk to you. i have to tell you there's been a huge commitment from the nfl from a financial standpoint, from a logistics standpoint to bring these teams over here and so far, i have to say, it has been a successle. most games have been sold out here at wembley. this is a stadium where the top soccer teams come to play. it's great to see this stadium opening its doors to two nfl teams once again for a regular season game. the players seem to enjoy it,
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the coaches seem to enjoy it. the tampa bay buccaneerss are losing out on a home game and their fans won't get a chance to see this game because it's not being played in tampa. it is entertaining the english fans here are picking up on it, but you have to say that it's so tough to compete with soccer and the other sports that people grow up with. >> right. and so i wonder, you did mention that there are a lot of britons in the stand there. is it mostly americans living in great britain who are filling up wembley stadium? >> it's great to see because people fly over from all places in europe to watch this game. of course a lot of americans came over. it hasn't been completely sold out. this particular game because of the lockout. they couldn't confirm the logistics of this game long enough to have a lot of the american folks coming over here and booking their flights. i saw people from germany, from portugal, france, spain. they're flying from all over europe to watch this as a spectacle. about so much more than one game
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and who wins or loses. as you mentioned in your lead-in, it's about promoting this game overseas. i have to tell you have from a personal standpoint covering this game for the last five years it is working. the exposure is there and people are excited about seeing the nfl players here up close and personal. >> pedro pinto, thanks so much. five years so far and counting, perhaps. see what happens next year. all right. thanks so much from london. libyan fighter says he's the one who shot and killed moammar gadhafi. this video was taken by revolutionaries at the time and place gadhafi died. we'll go live to tripoli next.
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what's your policy? a major earthquake strikes eastern turkey. dozens of buildings collapse sending rescue crews and residents into the rubble in a frantic search for anyone still alive. emergency officials are reluctant to estimate how many people are dead or hurt at this point. it's the most powerful earthquake to strike turkey in more than a decade now. and hit by the worst flooding in 50 years, many in thailand are forced to get around by boat and more bad news from the thai government today, the high floodwaters that make getting around so difficult could take more than a month to recede. and in tunisia today, voters are casting ballots in the first free election of the arab spring. people there are choosing their representatives who will write the country's new constitution.
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the regional uprising that overthrew several middle eastern leaders began in tunisia. a libyan doctor today released his findings after examining the body of former leader moammar gadhafi. he confirmed that gadhafi died from a gunshot wound to the head. also today, cnn obtained this video described to us as having been taken shortly after gadhafi was found and captured by revolutionary fighters in sirte. the crowd is cheering and kissing one man, calling him the one who pulled the trigger in killing moammar gadhafi. let's go to tripoli now and cnn's dan rivers. you've seen this video. how certain can anyone be that we're all looking at the man who is being credited as gadhafi's killer. >> no, i don't think we can be certain at all. i think we have to be extremely cautious with dealing with any of these videos. it is only the people in that video that are claiming that
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this man was the man that pulled the trigger. but there is now a weight of evidence building up that is undermining the new government's claim that moammar gadhafi was accidentally shot in the crossfire as they tried to take him to hospital. you have first of all an autopsy report that's claiming he was shot in the head. we don't know whether that's concluded that he was shot at point blank range or not, but hopefully we will get those details in the coming days. you're getting video that emerged also over the weekend of a gun being pointed here gadhafi's head. we don't see the trigger being pulled, but certainly a gun was being brandished near the former dictator. now this video from reuters reportedly showing the man who pulled the trigger boasting with another man claiming he witnessed the execution. all this is building up to which is undermining what the new government here is claiming that gadhafi was killed accidentally, that they wanted to bring him in alive.
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maybe they did want to bring nim alive but evidence would seem to point towards a mob execution rather than him being caught in the crossfire. that is backed up by the new york based human rights watch, claiming they have no evidence of any fighting after gadhafi was captured. they also have concerns that he was executed by the mob at the scene. >> and meantime what more can you say about the burial or what is planned for the body of moammar gadhafi? >> well, i went up and saw the body myself in misrata. it's being held in a storage room, a cool storage room in a market. there is confuse about what's going to happen next. the autopsy i understand has taken place. there is some reports suggesting the body has gone back to that market. we're a little unsure of that. but there is no indication at the moment that the body has been buried. but that is the plan, supposedly, the new government says they want to bury him in
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secret. there is some reports suggesting they may hand the body over to gadhafi's tribe, but again, that hasn't been confirmed. but all this is taking a long time and is clearly angering his family who's called for his body to be handed over. there are other reports of his will being published saying he wanted to be buried in accordance with muslim traditions. that would dictate he's buried within 24 hours. that hasn't happened yet or hasn't happened. so, a lot of unanswered questions i'm afraid about what they're going to do, how they're going to bury it and when that will happen. >> all right. dan rivers, thank you so much. so several terrorists have been killed under president barack obama's watch including that of the most wanted man in the world, osama bin laden. but how will those killings impact his foreign policy? i talked to "time" magazine's deputy international editor bobby gosh about that.
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>> he has gotten and will continue to get enormous amount of credit for the killing of osama bin laden and other top al qaeda leaders in pakistan and in afghanistan. in the case of libya, probably he'll have to share the credit with the u.k. and france, who took the lead in sort of the nato bombing there. but in sort of as you pointed out, people in this country don't always vote on foreign policy. a year before -- we have to remember what happened to george bush sr. who defeated saddam hussein quite comprehensively, enormous military victory in the first gulf war and shortly thereafter lost an election -- re-election. so americans particularly now with their economic problems, with job problems, in this country, are presently not going to give the president too much credit on foreign policy.
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more news ahead including the latest on quake damaged eastern turkey. the search for survivors and victims is going on right now. but first, facebook founder mark zuckerberg tops "fortune's" magazine 40 under 40 list. the issue ranks the nation's hottest young business stars. joining him is larry page from google, producer and host ryan seacrest and cnn's own erin burnett. yesterday i talked with lee gallagher the assistant managing editor of f"fortune" magazine ad silicon techies are high on the list. >> always a lot of tech people on this list. that tends to be where a lot of young people go these days. one of my favorite things is the people you might not expect, it really is rounded in a lot of different industries. people from finance as you saw number three from greg jensen from bridgewater, we have people from the pharmaceutical industry, clothing and apparel
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and retail industries, from the entertainment industry, music, so it really is pretty well rounded. i would say tech is probably the sector that's the best represented. although very high on the list people from other industries. >> it's not the wave of the future because it is the future is now. it used to be that it seemed silicon valley was the wave of the future. it is here and now. talk about the first woman on the list coming in at number 20. marissa mayor. >> meyer. >> she was one of the first -- one of the employee -- i want to say number 20 or one of the first employees at google which makes her an old timer by google standards. she's an engineer, her title is vp but does a lot of things there.
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investing in start-up start-ups and one of the top faces of google. she's been on the list. >> when you came up with this list did you find it was difficult because a, you first had to define power and reach because it seems since many of these people on the list are not all necessarily household names, don't know who they are, you had to figure out how influential they are, how great their reach is. what was the criteria? >> well, it's really a list of power and influence within the business sphere. that's not exactly -- you don't have to be worth a certain amount of money to make this list. it's more subjective. but it really is -- some of them will be household names like mark zuckerberg but we love discovering people wealding a lot of power behind the scenes or pulling levers in business
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you might not know about. to me that's the beauty of this list. so someone like brian dooes, the deputy director of the national economic council, one of the top economic advisers in the white house, and really drafted the plan for the auto bailouts a few years ago which is one of the administration's sort of most, you know, victories, sort of hand's down in the business world, a definite victory. he drafted the jobs bill as well. power like that you might not know behind the scenes. >> one of cnn's own, is actually on this list, erin burnett, host of "out front" why? >> she was on the list two years ago and, you know, erin made a big move this year. to have your own prime time cable show on a network like cnn that's a powerful and influential platform. she's going to be talking -- she addresses more than just business now. before this she was already a household name among our readers, among people that followed business in the markets but now her reach is bigger and
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broader and we thought that was significant and thought this was the year to put her back on the list. >> on the cover of "fortune" magazine steve jobs, two weeks after his death, the magazine is featuring excerpts from the new biography of the late apple founder. the authority walter isaacson says in a "60 minutes" interview jobs came to regret his decision to put off cancer surgery for nine months. >> i think that he kind of felt that if you ignore something, don't want something to exist you can have magical thinking. it worked for him in the past. he regretted some of the decisions he made and certainly i think he felt he should have been operated on sooner. >> and deja vu, another satellite taking the plunge to earth. this time, a german satellite. after 30 pieces of space debris have reached earth already. details coming up.
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the u.s. is actually falling. senior medical correspondent elizabeth cohen has more in this week's "health for her." >> any parent can tell you that kids can be expensive and as the economy has gotten worse people are choosing to have fewer children. compare 2007 when the economy was doing well with 2010, we're talking about 300,000 fewer children. take a look at this graph and you can see the correlation. on the far left in 2002 until 2007, things were doing pretty well and that number is going up up up, people choosing to have more children. it hit its peak in 2007 with the highest birth rate in that time period and then it's been coming down ever since. and here's exactly how expensive children can be. it costs between $8,000 and $20,000 a year to raise a child depending on how fancy the clothes are, public or private school all of that. if you look at the numbers this way, from birth to 18, the cost of raising a child is between
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$206,000 and $477,000 with housing, food and child care being the biggest expenses. seems a lot of women are saying, i think we're going to delay this or not going to have a child right now and, of course, that makes sense for a lot of families but remember, if you think oh, i'll just have children when we've got more money in our bank account that could be a little problematic, you may be so old you need fertility treatments and that can cost a lot of money. back to you. >> thanks so much. and we've got our eyes on libya today. it is nighttime right now and people have been celebrating all day long. they're considering this liberation day.
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alexandria steele. >> it hit. just fyi, this is going to happen more and more often as we near into the next few years because of all the satellites in space are aging. they're kind of beginning to dismantle. >> as long as nobody gets hurt. >> fascinating to talk about. >> pretty exciting last night. hope you were watching at 10:00. this is what it looks like, the size of a minivan, weighs two ton, entered the earth's atmosphere. most of the satellite expected to burn up upon re-entry but about 30 key pieces big enough and heat resistant, especially the biggest threat the telescopes, one ton mirror that is heat resistant. where did it land? it came into the atmosphere last night between 9:45 and 10:00 p.m. eastern time somewhere in southeast asia. took only 15 minutes to hit the ground. two large chinese cities are in the expected projected path but no one's found any debris yet. there could be debris over the indian ocean or even as far
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inland as china. obviously if it did fall into a populated area we would know. but just to give you a look. this is the satellite, the orbit it took and this is right around last night at that time into southeast asia. so it has entered the earth's atmosphere, somewhere, somewhere. if anyone knows call us. we'll soon know. it's pretty cool. it happened. we're waiting to see. haven't found anything yet. probably over water. >> yeah. mostly water that constitutes the earth. >> 75% of the earth. >> chances pretty great. we're hoping we will find out if it hits land somewhere. >> yeah. >> hopefully doesn't hurt anybody. >> that's right. >> thanks so much. >> sure. >> all right. right now it is nighttime in turkey where a giant search is under way. big earthquake that took place earlier and now the search for survivors and we're already starting to see some of the rescues that are taking place. some of the new images coming in right now, the damage is extensive. the casualty numbers are
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with the week ahead with poppy harlow and alison kosik. begin with alison in new york. >> hi, fredricka. wall street had a case of the jitters last week. the dow had moved up one day, down the next for 11 straight sessions until posting back-to-back gains at end of the week. that lack of direction shows investors are nervous and one of the biggest concerns is europe's high debt. still, the dow ended at its highest level in 12 weeks. good news for senior citizens, social security checks will increase by 3.6% or an average of $40 next year. checks are getting bigger because inflation is heating up. the last cost of living adjustment was 2009. now poppy harlow has a look at what's coming up in business news. >> thanks so much. wall street is looking ahead to the third quarter gdp report set to be released. economic growth in the first half of the year averaged less than 1%, not nearly high enough to bring down unemployment. analysts say economic growth remains sluggish throughout the summer, but do expect that it
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was enough to keep us out of a technical recession. meantime the authorized biography of steve jobs will hit shelves on monday. the apple ceo collaborated on that book with wall streeter isaacson before jobs lost his battle with cancer two weeks ago. see experts from the book on fortune.com starting on mun monday. back to you. >> european leaders met in brussels today on how to handle europe's mounting debt crisis. they made no decisions but will mean again wednesday. nina was at that meeting in brussels. what is the main point of their discussion? >> yeah. fredric fredricka, we still got the 27 heads of government of the european union still meeting and these meetings are likely to go well on into the early hours. they're trying to refence the greek problem, greek debt issue but also to try to give greece a little bit of breathing space on its outstanding debts because it doesn't have a hope of paying all of them back at the moment.
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it could be imposes a hair cut on investors. the third topic of discussion, a bit of headway in, it is a plan to recapitalize the banks to shore up the amount of money they have in their coffers at the moment to safeguard against greece and protect the euro zone countries as a whole. >> how might european and u.s. markets be affected by that meeting? >> yeah. what we can say is you just heard from alison kosik before and the u.s. markets and european markets, something of a significant rally on friday, largely on the back of hopes that these leaders could come to some kind of concrete solution. even if we may just see the effective rubber stamping and final framework laid out at the final self-imposed deadline wednesday when they're coming back to brussels but seems as though there is already been a lot of nervousness on the markets. you can bet if the markets don't create enough of what they want to hear it's going to be a difficult day on wall street a difficult day in the city of
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london and difficult day in asia tomorrow. >> all right. ninas do santos thanks so much. a look at our top stories. the frantic search for earthquake survivors in eastern turkey. dozens of apartment buildings and schools collapsed when the 7.2 magnitude quake hit today. rescue crews are using shovels and flashlights to search for signs of life. >> loretta lynn is in a hospital battling pneumonia. the 76-year-old singer was forced to cancel two shows in kentucky and north carolina this weekend. her doctors say she needs rest. a statement on lynn's website says she hopes to be back on her feet by november for the rest of her upcoming concerts. i'll be back in one hour. where will you find a full 60 minutes of politics? we're going to talk about the gop candidate stands on the economy, abortion and the iraq pullout and immigration. >> myth
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