tv Erin Burnett Out Front CNN March 8, 2012 8:00pm-9:00pm PST
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there you go. the whole experiment failed. >> there it is. kids love chicken mcnuggets. i love big macks and fries. it's not good for me. people on ebay love mcnuggets that look presidential. i would cross the delaware for a big mack about now. i would. that's it for us. erin burnett "outfront" starts now. just moments ago, israel's prime minister announced a timetable for strikes on iran and we have a ruling today on haley barbour's pardons. that freed convicted murderers. and the obama administration has hired a team of engineers to learn as much about you as possible. oh, yes. what did they find out and what are they going to do with it? let's go "outfront."
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good evening, everyone. tonight, is it time to trust? time for a breakthrough between the west and iran? today was all about trust between iran and the united states and possible talks until just moments ago when israel's prime minister gave an interview throwing cold water on the situation and laying out a timeframe for a strike. in an interview with channel 2, benjamin netanyahu said this. >> translator: i am not standing with a stopwatch in hand. it is not a matter of days and weeks. but also not a matter of years. everybody understands this. >> this is his first interview since visiting with president obama and confirmed what we reported on this show, which is that president obama delayed israel's plans to strike iran this spring but hadn't stopped them. netanyahu's words of course leaves the extremely sensitive u.s. election time frame wide open for a strike, but on a day when the u.s. and europeans have agreed to go back to the negotiating table with iran, the
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israeli news is a splash of cold water, proving izrail is not backing down and trying to force a quote/unquote window. talks have failed since 2009 due in part to the west's assistance, that all of iran's nuclear activities be on the table including enriching uranium for nuclear power, which iran insists is the only goal of the nuclear program, and it's something the iranian ambassador to the iaea told me reesemently, iran would never, ever suspend. there was one other unexpected thing that happened today. this was really fascinating. iran's supreme leader praised president obama who cited a quote window of opportunity to revolve the standoff over iran's nuclear program. the ayatollah told a group of clerics, quote, this expression is a good word. this is a wise remark indicating talking distance from illusion. sources tell cnn that he may be seriously worried about a military attack on about the united states' crippling sanctions, so he's trying to
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make an overture to the president. itler leads us to ask, is it possible for a major breakthrough between iran and the west? david albright, a former weapons inspector and president for the institute for science and security. and the iranian american journalist who is also author of the ayatollah begs to differ. great to have all of you with us. let me start with you. what the ayatollah said about president obama, what was he really saying? >> i think he was allowing some room for negotiations. a clear indication for iran that negotiations is their preference. they want to negotiate. they have indicated that for a long time. they constantly say we won't negotiate under threats. when you start stepping back from the threat of war, that's an opening and i think the he wanted to signal that. he's in charge.
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it's not president ahmadinejad. he's going to make the decisions on iran's nuclear program. he's signaling they're open as long as the threats are stepped back. >> do you think there will be talks and breakthroughs especially with this whole issue of preconditions? it makes a lot of sense that iran would say get out of my business if i want to have nuclear power. a lot of countries have nuclear power. why should that be a precondition? >> i don't think the u.s. has denied iran the right to nuclear program. i think there's a lot of smoke being thrown in people's eyes right now. let's start with prime minister netanyahu. the israels want the world to be talking about the possibility of a military strike. they believe and have said candidly, the more that seems real to iran, the greater the chance this can be resolved without it. secondly, he said clearly worried about sanctions and clearly likes president obama. they have said from the beginning, personally, so when
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president obama was talking very disparagingly about republicans and others who were talking of war, it suits the ayatollah to praise president obama for that. it's going to require some hard things from the united states that we've never been prepared to do and hard things from the iranians. >> what do we have to do? >> we have to accept a deal that is less than a complete ending of iranian enrichment, and the iranians will have to find a way diplomatically or openly to admit that some programs occurred in the past that were military in nature. because that's what the inspectors are going to try to determine and until they've gotten to the bottom of those pieces of evidence, the world will not be satisfied that this program is only of a peaceful nature. >> and david, that brings me to you as a former u.n. weapons inspector. what do you make of what you've heard in recent days from the iaea, which has been clear --
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it is not sure that there have been indices that the program was for military uses and just yesterday started talking about one of the key sites they have been denied access to that they said has been quote/unquote cleaned up. >> the evidence is pretty compelling that iran had a nuclear weapons program in the past that may be ongoing, so they want to get to the bottom of it and iran has not cooperated. what jamie said is very important. it's essential that iran start to what we would call start coming clean about it's past nuclear weapons activities. no one's saying they're building a bomb now or deciding to, but they need to start coming clean and restoring their credibility. frapg frankly, they're seen as being disassemblers on just basic issues involving past nuclear activities and if they would take that step forward, i
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don't think they would boo punished. it's a step that several countries in the past did and the turned out to be a way forward for a resolution. what they did at the board of governors meeting makes me think they're not ready to do that and we're heading for a difficult negotiation. >> go ahead. >> we never ask whether the iranian are telling the truth. what if they didn't have a nuclear weapons program. david and others tend to ignore that. what have they are telling the truth? what if that laptop that everybody talks about at the iaea that iran for years has said is a forgery, a frak, what if it's true, that it's a fake? how do you prove a negative? that's a situation we had in iraq. how do you prove a negative? >> it is not a negative. i was very much involved in debunking the claims about iraq. >> you were the one saying before the invasion that they had chemical and biological weapons.
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>> i was talking about their nuclear program. >> is kind of like -- it's a little dangerous, isn't it? >> what we're seeing here, erin, is an important debate and it's important because last time the united states did make a mistake, they went to war on the premise of weapons of mass destruction, and that hangs heavy over the world's perceptions of the united states, and that's why i think it is important for us to do this by the book, using the atomic energy agency's work, and saying once those peaceful intentions have been confirmed, that we, the united states, are prepared to make our concessi concessions, lifting sanctions, figuring out a way that iran doesn't want to have nuclear weapons because it's security hasn't been threatened. that stuff we haven't been prepared to do. that's stuff that we haven't
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really been prepared to do or talk about openly. we need to do that if we want to avoid what president obama said, which is the risks and dangers of using military force. >> well, it does seem rhetorically, it has been talked into a situation where there is a window. if there isn't a resolution, someone will be forced to do what they said or never be trusted again. if that's israel, people can see how they might go. david, what does iran need to do to have the world trust them that whatever they did or didn't do is done and they're not doing anything? what do they have to do? >> they've looked at this information for a long time. it's not about proving a negative. it's very positive evidence that the iaea wants to talk to iran about and since 2008, iran has refused to talk ability it. during the the last week, they further told the ia that they were to remove whole areas that they would not talk about. that concerns procurement. efforts by iran to buy things overseas, the actual buying of things overseas, and then that information shows that something has gone on that iran is not
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telling the truth about. and the iaea wants to go there and talk to them, and now they're starting to remove whole areas. that's why i'm a little worried. what i hope is that the supreme leader will intervene and overturn the situation that was done in vienna and start to talk openly about their program with the inspectors. the inspectors are the ones able to get to the bottom of the whole question on iraq's with wmd and raise serious questions before the invasion and particular, on the nuclear. to now turn on them and say they're disassembling is disingenuous. the inspectors have done the honest job to figure things out. they said there isn't much there in the case of iraq. they said there in the case of iran. >> i think what we can't expect, and this is the hardest thing for people well intentioned and expert as david to appreciate. it's very hard for a country to say they lied. and so, we need to figure out a
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way where information can be provided where evidence can be provided, where answers can be given that are not in the context of they're not telling the truth. now, they admitted they lied. countries don't like to admit they lied. >> you know what rule number one is on this show, everybody lies. everybody, all right? we all have. except for the three that are here tonight, all right? there's a lot more to come on this and we have a really fascinating story on iran and the u.s. pretty excited up, coming up next. president obama hiring a team of scientists to study you is next, and they're using it to target your vote. they're nuclear scientists, ironically. and the prosecution rests in the rutgers sex cam suicide trial. what the defense needs to do to save their client. >> and gas prices could hit record highs very soon. who is to blame? [ male announcer ] this is lawn ranger -- eden prairie, minnesota.
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if you've posted something political on facebook, the president's campaign may be watching you. they're amping up the voter analysis, hiring scientists, engineers, statisticians, mathematicians to mine through troves of available data to study voter patterns and behaviors. the campaign can then use it to target the people whose support it needs most. brianna keilar has more.
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this is pretty amazing. how does this work? you're into something, i'm into something else. we get an ad saying obama loves that thing, right? >> yeah, and this is part of the team dedicated to analyzing data about people and the answers they're really looking for, erin, are how persuadable are voters? what kinds of things really resonate with them? when are they moving toward president obama? when are they moving away and this is a high-tech take off of some more traditional measures we've seen like door knocking or phone calls. now, there is one man though who's pretty much running this thing. he's in charge of this unit. he's an expert in data mining and something that's called predictive analytics. what is that? really figuring out specifically in his case, voter behavior and being able to predict how voters will respond. over the last several months, his team has hired a number of specialists who are specialists
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in things like social media and digital markets. >> that picture looked like some kind of a scary mug shot. it brings me to the question, there is a little creepy factor to all of this, isn't there? >> there's something about this, especially when looking at someone and a lot of people have an experience in data mining, it sort of evokes some of the concerns people have about online privacy or some things they learned about marketing in recent years, but the campaign is insisting they're not doing anything sketchy, they're walking on the straight and narrow. they're trying to predict voter behavior so they can figure out whether voters are persuadable and the bottom line, they say, is figuring out, for instance, how many voters they can register or get to the polls in battleground states so they can get 270 electoral votes. >> john avlon is coming on in a second. does he get the same ads i would get? or no?
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>> i don't know how much this pertains specifically to this group working in the obama campaign, but for instance, i'm registered to get the e-mails from the obama campaign for research sake as are my producers. i think it was a few weeks ago, i received an e-mail from a female campaign aide talking about contraception as an issue, and my producer adam did not. we're being targeted in different ways. >> thank you very much. and as promised, john avlon is here and jen sake is also here. good to have all of you with you. but jen, i have to start with you. briana's talking about how people are getting different ads from the president. is the white house going to keep hammering on these social issues and target them at women? >> what's important is that the last couple weeks the debate has been not just about any social
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issue but about women having access to berth control. and because we're not in 1950 and men and women support women having birth control, this has really shed a light on how extreme and far to the right the republican platform has gone. in many ways, this has motivated and excited women voters. independent voters, people who weren't necessarily paying attention. what the white house is doing is raising awareness for this issue and what is at stake for this election. >> you think this focus on social issues is going to be just an unmitigated thing for the president? >> no, and i think that democrats are really getting ahead of themselves in assuming it is, it is certainly true that particularly rush limbaugh's comments set the republicans' cause back, but i don't think it's a cut and dried issue that helps them. if you look at massachusetts for example, scott brown strongly defends religious freedom. the republican senator there. one of the democrats challenging
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him, elizabeth warren, has tried to make an issue of it, and scott brown is moving ahead in the polls. >> there's a sound bite i want to play. a man is going to be speaking at the convention, rising star in the democratic party. shows some of the possible mines the president could step on. this is los angeles mayor talking about something he thinks needs to go on to the democratic party platform in a formal way, which is not now. here it is. >> do you think that the democratic national platform should have a marriage equality plan? >> i do. i think it's basic to who we are. i don't think the government should be in that business and of denying people the fundamental right to marry. >> so john, people may be more comfortable with people getting marry married than before, but it might be something that the
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president doesn't want to do. >> the president has stayed away from this issue. he is not in favor of marriage equality. >> he's evolving. >> which is code for let's talk about it in my second term. it does potentially create a real problem. it creates a democrats problem on social issues. what is fascinating is ow much this issue has evolved. 59% of independent voters now support marriage equality. that's ten points up from just last year, so you've seen a sea change from american opinion on this issue. still very polarizing, especially among the activists in both parties, but it would put the president in a double bun. >> let's talk the 2012 race here. now, this whole issue of who's getting in, who's not getting in. john, you've done some digging. just in terms of if newt gingrich got out, for example, do all those votes go to rick santorum and if so, does that crush romney? the math? >> not all, but the vast majority. and we have seen this. in missouri when they had their beauty pageant contest a little while ago an newt gingrich wasn't on the ballot, santorum got 55% of the vote. mitt romney, 25%. that shows what santorum could
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do. he would have won ohio. gingrich got 15% of the vote in ohio. those votes would have gone -- even two thirds of those votes had gone to rick santorum, he would have gotten ohio. >> and get the nomination? >> changes the math. makes it more competitive. >> ramesh, i'll give you a chance to react to something romney said today that i just had to play tonight. here's mitt romney. >> you're keeping me up at night, not much that keeps me up. i must admit by the end of the day, i am tired and i always eat something at the end of the day. my favorite is cold cereal. i try to eat cold serial at the end of the day. a full tummy and a long day puts me right to bed. >> what kind of cereal do you like? >> i like honey nut cheerios, chex -- let's see. i like crispix. >> sorry, the whole thing is just absolutely bizarre.
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full tummy. okay. jen? what do you think? >> wow. i'm glad that cereal helps mitt romney sleep through the night, given our economy is still recovering, we have a few national security issues at hand. there are a few issues that keep the president up and i don't think if he has a bowl of cereal, he's sleeping through the night without worry. >> full tummy. just hearing it out of a grown man, it was somewhat strange. now to a very serious story. the rutgers web cam spying trial. we had nine days of testimony, nearly two dozen witnesses took the stand. prosecutors rested their case against dharun ravi today. he's accused of placing a web cam in his room to spy on his roommate. tyler clumeanty and purposely humiliate him because he was gay. clementi committed suicide by jumping off the george washington bridge in 2010 after he learned that ravi and others watched him have a romantic
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encounter with another man and then they talked about it online. ravi's defense team said he set up the web cam because he was worried about the older, unknown lover stealing his stuff. some of the evidence against him came from ravi himself as detectives questioned him about his prolific text messaging. >> first thing i'm doing is getting your text logs. every text you send. from that phone. so, what i'm telling you here is that i'd rather it come from you. okay listen, this is what this young man told us. if i find -- >> i have stuff to say then. i was talking to my friend from cornell. i told her what happened. we were just joking around saying you should call in for tuesday. i was telling her we should do it and joking around, kids here saying we're going to have a viewing party.
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>> you do a lot of joking. >> ravi's team will begin their defense tomorrow by questioning an investigator on the case. paul cowen's a criminal defense attorney and has been following the case for us. eight or nine character withins are going to come to support ravi. is that going to be enough to get past some of his testimony, which is hard to see? how you get past that, isn't it? >> they need a lot more than character witnesses. now, i understand why the defense is doing this. they're going to try to throw up the fact that this is a good kid. he's a nice guy. his friends like him. >> did something stupid, maybe heartless, but he's not a bad guy. >> like waving the white flag when you call character witnesses. it means you don't have the evidence, so let's call his friends to say he's a nice guy. i don't think it's enough. i think they need more. >> should he take the stand? >> you know, the usual thing is, don't put your client on the stand. i would put him on the witness stand. i would let him tell his story to the jury, let him cry, indicate how horrible this has been for his life.
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i think that's the only thing that could really save him. because if the jury likes him, and they think he's maybe some dopey adolescent who made a bad decision, maybe he walks out of the courtroom. >> before we go, he's deleted text messages, twitters that he sent, tweets, sorry. so some of his friends, one of which he tweeted, did you tell them we did it on purpose. about the web cam. what is that going to do, the deleting? >> wow, valuable lesson. you delete these text messages, you think they're gone. they're not. the police got them back. this is the most damaging evidence against him on the hindering apprehension charge, the charge of trying to cover up and lawyers often say watch out for the cover up. because that's even more dangerous than the crime itself. >> cover up is worse than the crime. thank you very much. a ruling by the supreme court in the case of hailey barbour's pardons and a viral was he in the right to pardon the convicted murderers.
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we start the second half of our show with stories we care about, where we focus on our own reporting, do the work and find the "outfront 5." in its first interview since meeting with president obama on monday, israel's prime minister gave a timeframe for a strike on iran. >> i am not standing with a stopwatch in hand. it is not a matter of days and
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weeks but also not a matter of years. everybody understands this. >> this confirms what we have been telling you on the show, which is that president obama delayed his plans on israel this spring, but did not stop them. that's on the same that they have agreed to go back to talks with iran. it's essentially iran go to the negotiating table ready to come out and admit they did something in the past with nuclear weapons. it is unclear whether that happened or will happen. two, the price of ebooks are at the center of a department of justice probe. apple has been warned it could be hit with a lawsuit over allegedly teaming up with publishers to raise the price. apple and amazon have deals which forbid publishers from offering deeper discounts to other retailers. james mcquiby said if that is rejected, ebook prices could drop by 20%.
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know what i want? more real books. three, u.s. treasury selling some stake in aig. telling 200 million of their shares bringing in $6 billion. half of the shares bought by aig. this may sound like a lot, but after the sale, taxpayers will still own one and a quarter billion shares of aig valued at $36 billion. barclays jay gelb says it looks like the treasury is focused on getting out of aig at a profit, which probably will not happen. number four, jobless claims jumped to 362,000. from 364,000 in the prior week. today's report comes ahead of tomorrow's unemployment numbers. we're going to get that key rate in the morning. 19 economists are predicting 210,000 jobs were added in february, leaving the unemployment rate unchanged. 8.3%.
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it's been 217 days since we lost our top credit rating. what is the united states doing to get it back? you may remember that one of the reasons we lost our rating is because congress was fighting over the debt ceiling. today, the house overwhelmingly passed a bipartisan bill to help start businesses. the security and exchanges commission ruled on small companies. the senate is working on its own version. hey, one small step for congress. one great step for the united states. more than 200 convicts including four murderers are free tonight after the mississippi supreme court upheld the pardons granted by haley barbour before he left office in january. the ruling was 6-3 this afternoon and the court decided the pardons could not be quote set aside or voided by the judicial branch. miss miss mississippi attorney general jim hood filed an injunction to stop the pardons and told me they were a violation of the law. >> people reserve their right to have that 30 days notice and my job is to bring it to the court's attention and it's up to the court. i was in the well of the
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mississippi supreme court for an hour and a half, just me arguing, so there are some concerns about it. but the constitution is not just some technicality. it is the constitution of the state of mississippi and it must be strictly construed and followed. >> ed has been talking to people on both sides. the governor and jim hood have commented already tonight. what have they said? >> haley barbour, who has refused our requests for interviews for almost two months put out a statement today that said i'm grateful for the decision issued today by the supreme court of mississippi upholding the governor's constitutional authority to exercise clemency. these were decisions based on redemption, leading to redemption, rehabilitation, redemption, leading to forgoverness and the right defined and given to them to
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respent. and of course, this is continues not to go over well with victim's families who say they believe is ruling is extremely unfair and they're devastated by this and jim hood, the attorney general you interviewed some time ago also put out a statement. he wasn't doing on camera interviews, but reacted to the supreme court decision this way, saying we respect the decision of the court, but feel for now it must weigh on the victims and their families. it is these victims and family members who have lost today and the criminals who have won. which reminds me of an opinion who said this is a stunning victory for lawless, convicted criminals. >> thank you very much. talked to the victim's families as well tonight. let's bring in jeffrey toobin. what do you make of this, are you surprised? >> blown away, shocked. stunned. this mississippi constitution has a very unusual provision but a clear provision that if you want to apply for a pardon, you have to publish your request in a local nierp 30 days before the
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pardon can be cleared. many of these pardons, there was no publication requirement. >> or they did publish them, but not with 30 days. >> some did, some didn't. clearly, they didn't do it within 30 days. some didn't do it at all. the mississippi supreme court acknowledged that that part of the constitution was not followed, but they said under the mississippi constitution, the governor's power is so great that that's a technicality. the that doesn't count. as long as he signed the paper saying pardons. we're not going to interfere with that. the three descending justices said, what do you mean? this is why we have courts. we tell the governor when he's not following the law. they lost. >> so, what happens from here then? does this keep getting appealed up to the u.s. supreme court? >> no, this is it. this thing is over. this is a decision of the mississippi supreme court interpreting exclusively mississippi law. it has nothing to do with the united states constitution. you could file an appeal, but the united states supreme court is never going to hear this because that's not what they do.
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this is over. these people are free and it's not just that they are like they're let out of prison. they can vote, they can buy guns, go hunting. it's like they were never convicted at all. >> right, because their past is completely wiped out. >> that's the difference between a pardon. and just having your sentence end. they're not convicted felons under the law. >> it is amazing when you think about it in that context. certainly, some of them were on parole, but several were not. >> several were trustees in the governor's mansion, and some of the crimes were horrific, and the families were not consulting. it's such a shocking story, and i think as a legal matter, this thing is over. >> thank you very much, jeff toobin. there's a viral video that has racked up millions of hits on the webs. webs, sorry. but did the group behind it manipulate some of the information? and a man who made more than a billion dollars by investing in
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the country's deputy oil minister announced in a video he's defecting from the regime and joining the revolution. arwa damon is following the story from beirut and i asked her how dangerous this decision was and if more defections will follow. >> reporter: erin, these are incredibly dangerous because activists will tell you this is a regime that would not hesitate to kill anyone who dares stand against them and these are also very difficult because according to what others have said to us in the past, the government bans officials from traveling outside of the country without specific permissions and they're all closely monitored. the deputy oil minister is now in hiding in an undisclosed location. as to whether or not this will spark more defections, that is what the activists are hoping for. we would really need to see wide scale defections for this to really force the regime to crumble from win and up until now, this is a regime that
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maintained a fairly solid grip on power, erin. >> thank you, arwa and this sunday, cnn and arwa are giving you a look inside. it's a one-hour special. 72 hours under fire, sunday at 8:00 p.m. eastern. a video about ugandan war lord joseph kony has gone viral. it has racked up millions of reposes and tweets. the documentary produced by invisible children, follows an alleged former child soldier in his lord's resistant army and calls for action against the warlord, but the video has been criticized by some who say invisible children manipulated faths and ignores atrocities by the ugandan government. a spokeswoman says it had to be simplified. i asked brian todd about the kony 2012 phenomenon. >> this video has gone more viral than anything we've seen on youtube recently. close to 40 million views on youtube in just a few days.
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it's a half hour long. entitled kony 2012. calls attention to the atrocities committed by joseph kony. they say his army has killed tens of thousands of villagers, abducted up to 70,000 people, most of them children. forced boys to be child soldiers, girls into sexual slavery. he wants to overthrow the government on a regime based on the ten commandments. he is now on the run from african forces and american troops who have been advising them. he's been doing this for 25iaries, but this video has really catapulted his profile. jason russell wants to bring more pressure to capture kony and get him to international criminals court. critics say it manipulates the fact, ignores the ugandan army's atrocities in the war, and that kony's army is not as strong as it has been in recent months and hasn't launched as many attacks
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in recent months. the filmmakers say that's because of their work and they realize the uganda army is not innocent here. >> thanks. so we all know how hip-hop artists are known for enjoying flaunting their dough at times. there's fat joe and lil' wayne teaching us how to make it rain, but can they teach us? tonight, they say yes. he has made a fortune from investments in companies like groupon, skype, facebook. he sold a company to hewlett-packard for cash. he told us what it taught him about how they should run google and how that tranlsilated into billions. >> when i was ceo and listened to music, and you get inspiration from it, and a lot of things in hip-hop were
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encrypted for me in business. it's a lot about business. it was very useful for me in my job. then, when i kind of became in my new job and people were looking to me for management advice, it was a natural, if i had something hard to explain, i would say, oh, i learned that from a hip-hop song. so i would give that to them, and it resonated. >> see if you can give me a few of them. one of them that stood out, bushwhip bill. >> i was writing piece on peace time war time. and i was trying to splab the difference. by wartime, it could mean a lot, but he had the meaning i wanted. >> for me, that was decision over correctness, the classic
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wartime mantra. we have to go fast. we're not going to wait for the negotiating. >> right, and obviously, war time peace time ceo, you had peace time, you can go. i don't know, google labs. >> you take your time, get everybody's input, consensus. where as wartime is we have to go. like get your butt in line. we're going. this is the way. get on the bus or get off the bus. decide. >> and what about kanye west? another inspiration. >> so kanye was really interesting. i had this concept that i had run into, which is really smart people who are not good employees and there's certain patterns to them. one is the patterns is somebody who is really smart, but fundamentally trying to take down the company. there's nothing you can do about it. it's like a revolutionary. here's kanye. the great musical genius of his
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generation in hip hop, but like society really can't even deal with him because he's always saying something that people go, oh, i can't believe kanye said that. i can't believe he did that. the thing he really had in common with the kind of smart bad employee is that there was always something that kanye said that was correct, right? like it was all wrong, but there's something that was right and that made the whole thing worse and that's always how it happens in the company. somebody is so smart and charismatic, but they're working against you. they really can't be an employee. he comes out with a song, basically describing himself, called "run away" which is his instruction to anyone who want to have a relationship with him. >> so, one more. raw rahkim. >> the great -- r as we call him. >> one of the great tenants of the firm, we really preferred that the founder run the company. >> when we invest in a company. so we wrote a post as to why
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founders do such a great job. it was a really hard post to write, but then i was listening to rahkim, who was one of the founders of rap music. he was struggling with the same concept because a lot of guys move nothing to the rap industry from other part of the business. >> interloopers. ♪ and that's exactly how we feel about the professional ceos. combination for the post. >> all right. gas prices are flying. we all know that. who is to blame? and 20% of the people in beverly hills are iranian americans. and you know who loves them? ryan seacrest. to keep big winter jobs on track, at&t provided a mobile solution that lets everyone from field workers to accounting, initiate, bill, and track work in real time.
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so today, gas prices hit $3.76 a gallon in the country. oil prices are now $106 a barrel. according to one of the firms that monitors this, we're going to be testing 2011 highs for oil at $115 a barrel and could see $125 this year. yet, according to president obama, the united states is producing more oil today than at any time in the past eight years. what's the deal? part of it is refining. crude oil turn nothing to gasoline is a process, and a lot
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of our refineries are at capacity or not operating. also fears of a conflict in iran are also driving prices. if tensions cool, we could see oil prices drop quickly, $10 to $15 a barrel just like that, but there's something more to all of this. speculation. and that brings us to tonight's number. 56. according to the cstc commissioner, the guy in charge of overseeing commodity trading in the country, he said that is how many dollars are adding to gallons of gasoline. the question is, are they to blame for rising prices or betting correctly on where prices are headed? part of the problem, in reesement years, many americans' retirement funldz through pensions and 401(k)s have been able to invest in commodities and people have been putting their money there on purpose, betting that demand from placing like china will set prices
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higher and higher. but the more money that is put into commodities, the higher the prices go. the issue isn't easy. we applaud the oil and gas price working group to focus in on fraud. they're coming back to work this week after a ten-month hiatus. we'll hope they'll find out if anyone is purposely manipulating the system to raise the prices. >> more than half of the iranians in this country live in california, and we're going to get to meet a few of the more strange ones. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
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including medicare. the tv channel tlc confirmed today that the reality show "all american muslim" won't be back for a second season. they followed the lives of muslim families in dearborn, michigan. but it got the most controversy when it was involved in a controversy. lowe's pulled ads when someone called the show muslim propaganda. when the controversy ended, ratings dropped. turned out they were too normal. this week, another controversy over religion themed reality show. it featured a cast ofuber rich iranian americans lichbing in california, and they had a pr princess with a fiery temper. they shop, forn kate,
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