tv CNN Newsroom CNN August 7, 2011 6:00am-7:30am EDT
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everybody suck it. i'd be out. that's like my version of seacrest out. >> kathy griffin, it's been horrendous. what can i say? >> i miss you already. are you a nightmare, my friend. >> thank you very much. >> thank you. >> that's all for us tonight. thank god. from the cnn center, this is cnn sunday morning. it's august 7th. good morning. i'm deborah feyerick in for t.j. holmes. a special good morning to our service men and women watching on the american forces network. well, they are considered among the nation's elite warriors, navy s.e.a.l.s. this morning, the families and friends of 22 u.s. s.e.a.l.s and
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8 other service members are mourning their loss. and violence in london, what led people to torch buildings and a tour bus. an expert that says you can retire. it is the single deadliest loss of u.s. forces in afghanistan since the war began a decade ago. we're beginning to learn the names of those killed and how their families are remembering them. the father of a 2-year-old son and a 2-month-old girl t. was aaron's birthday. in june he turned 30. and i told him to be careful. and he said, granny, don't worry about me, he said i'm not afraid. i know where i'm going if
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something happens to me. aaron was a christian and he stood firm in his faith. >> now, the chopper went down in war war wardak province. they were on a ch-47 chinook. most were members of s.e.a.l. team six. president obama was notified of the helicopter crash and released a statement which reads in part their deaths are a reminder of the extraordinary sacrifices made by the men and women of our military and their families, including all who have served in afghanistan. we are joined live from kabul. david, there are 100,000 u.s. troops in afghanistan right now. how are those you've talked to reacting to this tragedy? >> reporter: it is certainly unprecedented in terms of this campaign here in this theater,
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ever since the start of the war back in 2001, we have not seen this kind of american casualties. again, that helicopter traveling in wardak province, shot down by insurgent fire, at least according to provincial and local sources we've spoken to. again, you cannot emphasize the affect this has had. losing that many members, particularly of an elite unit, these are individuals that really take it to the front lines. they're instrumental in training afghan security forces, the people who are going to have to take over the security of this country. but are also, you have to keep in mind how long and how much money is invested in providing the type of training and personnel that really take the fight to the taliban and the insurgency along the southern, eastern provinces. again, the largest loss of american life since the start of the war and one can really not emphasize enough the impact that's had here. >> clearly with the beginning of
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the dredoawdown of u.s. and nat troops, there has been a surge in violence. are you learning anything about the other service members who were also on the help capitoler? >> reporter: well, again, the types of attacks we've seen by the taliban have typically been at the fringes, high profile attacks. they look for large targets, particularly some of the assassinations we've seen in recent days. the u.s. military is being tight lipped about at least here, about the types of individuals who were aboard that chopper. recovery effort is still under way. it really began immediately as soon as the chopper went down. this is a very restive area of the part of the country. journalists have been trying to get in there and bring images of the crash scene. they've stayed away from this area by virtue of it being so dangerous. it's hard to say what's
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happening now. this again is a mountainous, rocky terrain. so emblem attatic perhaps of th fights taking place in afghanistan but, again, never so deadly. >> there was a navy s.e.a.l. on cnn's air said one of the things that's so difficult is taking the helicopter ride, because that's the moment when they don't have control. you think about the training that these people get, you think about where they're going. the harsh, harsh conditions. the area that they were going, it's not just incredibly dangerous, a taliban stronghold but also it appears, it's just very, very difficult to get there. >> reporter: absolutely. the taliban we've seen has proven very adept in changing its tactics, depending upon the terrain.
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some of the most vulnerable moments as you said are when some of the larger helicopters bring in operational forces, particularly special forces into some of these areas. now because of the rocky terr n terrain, because of the tapes of individuals that nato forces are look for, it's sometimes -- i don't want to say easy but sometimes capable for a lone rpg to make its way down from the mountain tops and strike one of these helicopters. >> thank you so much. the rpg you mentioned, a rocket-propelled grenade launcher, shoulder fired usually. a lot of uncertainty after friday's downgrading. the tel aviv stock exchange stopped trading today after a 6% slide. we are joined live by phone. kevin, tell us what happened. >> reporter: it's known as the
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tel aviv stock exchange delay e its opening today by 45 minutes after pre-opening trading registered drops of 6.5%. on the main benchmark index. this is all significant because the israeli stock exchange operates on a thursday through sunday schedule. it's among the first in the world to react to the standard and poors rating cutting to the u.s. on friday. analysts saying the drop in the market is not only a reaction to that credit downgrade but also a response to the broader losses on global markets last week. this drop today is not entirely a surprise but it certainly illustrates the worry about the u.s. and european debt problem and to that end, israeli foreign minister last night held an emergency meeting with his economic advisers to discuss the israeli response to the credit downgrade. after that meeting he released
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this statement, he said despite our total confidence in the u.s. economic prowess and its ability to recover from the crisis and the downgrade of the credit rating -- rather the downgrade of the credit rating constitutes a warning sign reminding all of us that we are still navigating the ship of israeli finance in stormy waters. deb, clearly here, the worries are pronounced but we're not hearing negative words about the u.s. government's handling of the crisis thus far. >> also, one point, kevin, as you mentioned, the mark threat, the stock exchange operates sunday through thursday. really the traders there, the investors didn't have a chance to react to the 512-point drop of thursday. there's a rebalancing of that also going on in the market there. other markets did respond, ending up higher on friday. that's another factor, correct? >> absolutely. that's what analysts are saying. in fact, some have gone as far to say the credit downgrading is
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actually really in comparison meaningless, compared to the debt problems in europe and perceived worries about the america's long-term debt problem. really exactly. there are a lot of factors contributing to this. it's not just the downgrading of america's credit on friday evening u.s. time, deb. >> all right. jerusalem bureau chief, kevin flower. thank you so much. more on the international markets. tom ashby joins us live from our studio in the capital of abu dhabi. should we expect the same thing later today as asian markets begin trading, the same thing as we saw in tel aviv? >> there's a similar story playing out here in the united arab emirates and across the gulf. one has to remember, the gulf,
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arabic economies are very tied to the dollar, both through oil exports and, of course, through their large holdings of sovereign wealth fund which is are most de-no, ma'dominate eed. we've seen very similar effects in the gulf arab countries. >> tom, your thoughts on the u.s. downgrade. will international investors look elsewhere, perhaps somewhere safer, some place that has maintained their aaa rating? >> well, there are only about three or four countries i think that still have a aaa rating. germany, the uk, amongst others. but really, one has to remember that this downgrade is only from one rating agency of three.
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and also the aa plus rating is still incredibly good rating and one that sovereign wealth funds and other investors should still feel very safe and secure about. >> okay. and interesting, in israel they did close the markets, protecting against panic. right now, there's that expectation that that's going to be going on elsewhere, is there? >> well, so far, no. if you look at the gulf, in fact yesterday, on saturday, saudi arabia was the only market that was open on that day. it fell yesterday by 5%, but today we've seen it stabilize. and in fact it's even up about 0.4% through midday today. so far at least, judging by the middle east markets, i think we can say there's been a limited fallout. it's definitely not tragic. >> okay. tom ashby, thank you so much. editor of the national newspaper
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in the uae. thank you very, very much. chaos on the streets of north london overnight, protester protesters protesting the killing of one police officer. >> reporter: the father of four was shot in north london on thursday. about 20 to 30 members of his family and friends marched to the police station, a very peaceful protest. but from there it has escalated. obviously many of the people involved in these incidents have nothing to with the friends and family and there will be many questions as to just who they are. it escalated from that. we have police cars torched, on iconic london double decker red bus burning in the middle of the street. we saw a residential house on fire. at one point there were people
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trapped in there, i believe. it's absolute chaos. >> in all, eight police officers were injured in that riot. to syria now where we're getting reports of an early morning raid by syrian forces in the city of darasor. the attack follows yesterday's phone call from u.n. secretary general ban ki-moon to bashar al assad. the u.n. official is demanding an he'd end to the use of force on civilians. from iran, we're awaiting the verdict in the trial of two americans accused of spying against the islamic state, shane bauer and josh fattal were arrested two years ago for allegedly straying past an unmarked iranian border while hiking iraq's kurdish region. their trial completed last week with a ruling expected within seven days.
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when we get the verdict we'll let you know. in the caribbean this morning, second light for what was once tropical storm emily. after drenching grand bahama eye land last week, emily was reformed into a tropical depression over the northern bahamas. reynolds wolf is in the severe weather center. two things people want to know about, where is emily headed and how hot is it going to be today. >> emily, also known as the energizer bunny of tropical systems. the storm does not look like it will threaten the united states for the time being. that being said, the temperatures are an entirely different pat matter. we'll tell you more about that happy news coming up in a few moments. you're watching cnn sunday. see you in a few.
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hour. reynolds wolf has a first look at the weather. atlanta, pretty there, the sun not yet up. too early in the morning here. reynolds, boy, what's going on with the weather? yesterday, huge flash storm in atlanta. unbelievable, people just running everywhere for cover. >> little pop-up thunderstorms, that happens sometimes in the southeast with the intense heat. that might happen again today. the biggest component is the extreme heat. if you want to talk about the heat, imagine being out there walking around covered in fur. i've tried it. it's not fun. i-reporter becky draper of northern wisconsin captured the three bear cubs trying to cool off in her dog's watering tub. check this out. several bears have used the plastic pool to keep cool during the summer heat. the bears took off in the woods never to be seen again. they might be back at some point. the heat drying up a lake, leaving a small red pool of water. the o.c. fisher reservoir is
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west of san angelo, a place devastated by the incredible drought. also in texas, it's caused the shoreline at richland chambers reservoir to recede, revealing a cemetery. two unmarked graves they discovered are from the 19th century. one of the remains appears to bloj to an african-american man about 40 years old. they believe he was probably a freed slave. interesting stuff you'll get with the extreme heat. it will be back again today, brutal stuff, especially in parts of texas. let's flip over to the weather wall, leaving the archaeological remains. tropical depression emily almost became a storm. now it's back again, bringing some rainfall right along to florida's southeast coast. it does appear we're going to
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see this continue to march its way to the north and veer off to the northeast and deeper into the atlantic if you happen to be going out to bermuda to elbow beach. you might have a few showers and storms to deal with as we get around to monday. 2:00 in the afternoon. other than that it looks like this thing will be moving back out into the atlantic. we go from emily to possibility of strong storms across the ohio valley. the high humidity, the frontal boundaries, the daytime heating could give you some of those. also the pop-up storms in atlanta, might see some of those and also in parts of the northeast. hopefully we'll see some of those in parts of texas. i'm telling you, it's not going to happen today. more heat. 105 in dallas, 107 in houston, 102 in el paso, 97 in albuquerque. back out to the west, temperatures in the 70s, 80s and 60s in san francisco. 88 in billings. the east coast, 78 in boston, 87 in new york, 93 in atlanta. as we wrap things up, everything you see here on the happen, read them and weep.
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with the pink and the orange indicates your warnings, advisories. the heat index anywhere from 105 to 115 degrees. mercy me. it will be a brutal time. expect the heat to continue through midweek, possibly places in dallas, texas, through the next weekend. that's the latest. >> of course we'll check in with you in a little while, see if the heat breaks. probably not. >> keep your fingers crossed. coming up, eye scanners to catch criminals. the latest tool for law enforcement agencies. >> look into the camera. >> they can quickly identify who they have in front of them and what potential danger or risk they may pose. >> i'll show you how this works. that's just ahead. the next i'm saying... i have this thing called psoriatic arthritis. i had some intense pain. it progressively got worse. my rheumatologist told me about enbrel. i'm surprised how quickly my symptoms have been managed.
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♪ questions are the answer ♪ yeah ♪ oh eye scanning, a futuristic tool used in science fiction thrillers like "minority report." >> look at me. positive for howard marks. i'm placing you under arrest. >> it's not science fiction anymore. police are using iris scanners to identify people and instantly reveal if they have a criminal history. i visited a jail in plymouth, massachusetts, to see how it works. at the plymouth county correctional facility, the current home of reputed crime boss whitey bulger, you'd be surprised of the things that some incoming inmates have tried to do.
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how many prisoners have tried to shield their identity or hide their identity coming into the system? >> there's been quite a few. >> reporter: like the felon who gave a phony name, even lied about a prominent tattoo. says record supervisor lieutenant doug rideout. >> he still denied who he was? >> yes, still denied. >> reporter: the positive i.d. took just a few seconds because of this. >> look into the camera. >> reporter: an iris scan. like a fingerprint but with 235 specific identifying marks in each eye. apparently quicker and more accurate. >> it hit the national data base. if his eyes match up to anybody, it will pop up. >> reporter: shawn mullen showing us how it works is president of v-12 technologies. the biometric intelligence company behind the iris scan. >> hold it four to five inches from the eye. >> no danger to the eye? >> no danger to the eye. it's simply a digital photograph. >> reporter: what makes the system unique is this handheld
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device. attached to a smartphone, it can instantly run i.d. checks, only after the officer identifies probable cause. >> they can quickly identify who they have in front of them and what potential danger or risk they may pose. >> reporter: mullen says the eye scan is uploaded and checked in the data bases against 500,000 people previously arrested. >> my results? >> no match found. >> reporter: my record clean. according to mullen, more than 300 sheriff departments and correctional pa aal facilities the country are using the system. civil rights advocates worry the iris scan could be used without probable cause as a surveillance tool or in places like arizona as a way to enforce disputed immigration policies. mullen says that's unlikely given how close you have to be to snap a photo.
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plymouth county sheriff, joseph mcdonald sees it as an extra safeguard to make sure prisoners being released aren't wanted elsewhere. and to make sure those getting how have served their time. it's a growing trended across the united states, those iris scanners being used. some people think it could replace fingerprinting in the long run. he had just have to build up the data base. a website that allows you to grade your local priest. it's operating out of germany and no member of the clergy is off limits, not even the pope. that story next on our passport. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families
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we're talking about a website that allows people to rate their slernlg ji. >> yes. >> which is fascinating. is this in the interest of honesty? is this in the interest of rating sermons, what is this about? >> all of the above. >> the barometer, the congregants being the sheep, this does that. it's the shepherd's barometer. they said let's take a look at this and see if we can rate people according to how much commitment they have to services, to projects, their credibility. how current are they? how involved are they with the youth? how involved are they with the elderly? no one's sacred, not even pope john paul of blessed memory. let's take a look at his site and see what rating he gets. we look first at the german and they'll give us the english translation. he gets a high rating. he was beatified recently.
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his rating is over around 4.56 in his overall rating. that is out of 6. if we look at pope benedict xvi, he doesn't get quite as high rating. he gets around 3.68 as a rating. i think a lot has to do with the abuse allegation and has he dealt with them in the church as well as he could have. you can literally go on the site, little sheep are the icons. the sheep are white and they become greyer as the rating is downgraded. >> interesting. with the people, do you think it helps -- obviously we're talking about the pope. what about smaller churches or churches with fewer numbers? >> that was the idea. about 25,000 parishes have already joined the site. about 8,000 priests. so the idea was that you could go to your local church and you could say is this sermon really reaching me?
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is this person communicating to their audience? are they current? when you sit in a service, do you sometimes think, is this person being relevant? the whole point behind the site is we rate everything, we rate restaurants, we rate ankers, we rate reporters, we rate food, we rate the nail salon we go to. maybe this is an early warning sign if there is an issue. it's kind of interesting also, you would think if rating your clergy, if the ratings aren't that high, it's a form of dissent. >> it's almost like getting a job review. it's getting other people publicly to rate you. i thought maybe the next site would be rate your imam. i like the idea of rate your rabbi. what would you rate the person who presents, on personality,
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charisma? >> that's difficult. probably whether what they're saying speaks to me, whether i walk out and i feel happier or lighter or just giving me something to think about. >> you rinne spire d. >> how would you rate your priest? >> thank you so much. we'll check in with you later on as well. a bit of pirate history discovered off the coast of panama. the wreck of a ship belonging to one the most feared pirates of all time, captain henry morgan. first, the current administration is the first in u.s. history to have a credit rating downgraded. you bet gop presidential candidates have a lot to say about the matter. the sons of former slaves and the sons of former slave owners will be able to sit down together
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in new york. hopefully it's not that chilly. we'll see how they perform through the rest of the morning, check in later on. they've been training for this for many, many months. an interesting way to start the morning. we move on now to the politics of standard & poors downgrading of america's credit rating. it didn't take republican presidential hopefuls much time to weigh in. >> if standard and poors sent a message to the united states, it was you need to get your political problems in order. and if that was the message they were second, it was certainly not fully acknowledged on the campaign trail, the attacks on the president from republicans have been pretty blistering, quite frankly, even though the polls show the public places the blame, if you will, on both parties for this embarrassing performance of the government during the debt ceiling crisis. you can say generally, the
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presidential candidates, at least for now, just don't get it. tim pawlenty said it was about big government and president obama. take a listen to him. >> what you have to understand is all this talk of the full faith and credit in the united states government, he needs to be reminded and we need to have a president who understands and we need to put our full faith and credit in the american people. his vision for america is to take things out of the private sector and put it into the government. what we need to be doing is taking things out of the government and taking it back and putting it back in the private sector and trusting the people of this country. >> michele bachmann said it was the president, the president, who has destroyed the credit rating of the united states. listen. >> not once did any president ever lose our aaa credit rating. not once! despite all of this adversity, have we ever lost that rating? and now for the first time since
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1917 the united states, last night, lost that credit rating. let me tell you what this means to us. this means higher interest rates for everybody, for mortgages, student loans, for government debt. you name it. this means a very difficult time going forward. >> rick santorum called the downgrade another example of the president's epic failure in leadership and said it was a blow to our national image. and mitt romney issued a statement saying america's credit worthiness just became the latest casualty in president obama's failed record leadership on the economy. standard and poors rating downgrade is a deeply troubling indicator of our country's decline under president obama. interestingly, former ambassador to china, john huntsman who used to work for president obama echoed some of the same sentiments as others, saying in
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a statement, for far too long we let reckless government spending go unchecked and the cancer oou debt afflicting our nation has spread. we need new leadership to get america working again. frankly it's not all that surprising, of course, these are people running for the republican nomination. they don't get brownie points, you know, for basically being nice to the president of the united states. and that's a fact of life. it's been a fact of life in politics for quite a while. especially while you're running in the primaries. >> all right, joe johns there. well, checking our top stories, the navy s.e.a.l.s call it a big loss. 22 members of the elite commando unit died when afghan insurgents apparently shut down a helicopter in wardak province yesterday. in all, 30 american servicemen died in a helicopter like this one, making it the deadliest
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loss for u.s. troops since the afghan war began. they were on their way to reinforce other troops. police in north london are calling for a return to calm today. rioting broke out last night over the death of a local man, a father of four killed thursday during a shootout with police after a traffic stop. rioters set fire to cars and threw rocks and bottles at police officers. eight of them were hospitalized. and reynolds wolf over there at the map keeping an eye out for us on what's going on. t. depends where you happen to be. ohio valley or parts of the midwest, you might get a few scattered showers. if you're in texas, no such luck. 105 your expected high on sunday. as we fast forward over the next couple days, it looks like we'll feel more of the same, triple
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digit heat not only for dallas but oklahoma city. 110 degrees expected. that is in fact before the humidity. even into tuesday, check it out, same situation, going to 102349 dallas. relentless heat. we might see a break in the action in terms of the extreme heat due to the jet stream. in fact as we look at sunday, the heat over parts of the desert southwest. and over parts of the central and south plains over the gulf coast. we expect the jet stream to drop a little bit which allows cooler air to filter in from the north. tremendous change and the upper midwest. we'll see some of the heat stay through the four corners. a little bit on that line. we may be dealing with triple digit heat into next weekend. keep your fingers crossed, we'll see changes for millions of americans. that's the latest in terms of the weather. i wish i could say we have a big cooldown coming. >> people are running out of patience if they haven't
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already. >> i can't blame them. it's mow nnotonoumonotonous. >> you're a huge captain morgan fan. >> absolutely. >> we're not talkingability spi the spiced rum. >> specifically a 50 by 20 chunk of a wooden hull has been found along with unopened cargo boxes and chests. they're trying to protect the site from looters. international business times is reporting the rummaker captain morgan helped fund the dive team. certainly good all around there. >> pretty neat stuff. it only stands to reason that the captain morgan company -- it's a no brainer. isn't it interesting that we found captain morgan's sheep, black beard's sheep just off the carolinas. it seems like a lot of these are starting to be found all over the place. >> i once went scuba diving under some wreckage or in and around it. it's fascinating. you think of the history that
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went on before the ship ended where it is. >> absolutely. >> it's cool to watch. >> amazing stuff. >> reynolds wolf, thank you so much. >> you bet. >> appreciate it. moody's has lowered the bond ranking for the city of central falls, rhode island, to junk status. the crisis there is serving as a warning to other towns. we'll examine the problem after the break.
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microcosm in a small city in rhode island. moody's dropped central falls' bond ranking three notches after the city declared bankruptcy. this could serve as a warning to other cash strapped cities. here's cnn's mary snow. >> there used to be two stations in central falls. >> reporter: central falls fire chief john garvey heard the warnings about pension problems but he says they were down the road and expected that road to be a long one. >> there was always idle talk about pensions. we never thought it would come to this. we always thought there would be enough there. >> reporter: now there isn't. it follows years of fiscal mismanagement and declining revenues for rhode island's smallest city. troubles with its schools were so severe, all teachers were fired at one point. central falls' schools are run by the state and volunteers operate the library. it was the pension obligations that put it over the edge and into bankruptcy court. central falls pension fund is
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underfunded by an estimated $80 million. retirees now face the possibility of pensions being cut in half and they will be required to pay more for health benefits. they don't collect social security. chief garvey feels cheated. he's been on the force tore 25 years, long enough his son has joined him and his retirement plans are now shef are now shel. >> my contributions came out of my paycheck ever since day one. why shouldn't it be there unless somebody else did something wrong. >> reporter: there's anger but long-time residents like paul landry say it's hard to point blame. he's worked at his family's hardware store for 50 years and said everyone paid for promises the city couldn't keep. >> one mayor after another mayor, another mayor and they just pushed aside and no one's accountable for what they have. >> reporter: state officials say central falls, population 18,000, should serve as a caution yash tale.
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other cities in rhode island may also be vulnerable and the small state has one of the most expensive retirement systems in the country. something the state treasurer is tasked to fix. >> nobody wants to make the tough choices. central falls proves that. these choices will be made for you. if you don't act quickly enough, consequences will be devastating and so as hard as this is now for me, for the governor, for union leaders to come to the table to fix it, it is much easier to fix it now than when you're at the brink of bankruptcy. >> the official motto here at central falls is a city with a bright future. now lawyers for various interested parties are fighting over its dwindling assets. mary snow, cnn, central falls, rhode island. america's credit downgrade is send something folks into full panic mode. should you sell, hang tight? the managing director of investments at morgan stanley smith barney is joining me next to address all your concerns.
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after thursday's dramatic stock market plunge of 512 points, a lot of people are asking if they should reassess their investments. thursday's plunge was the worst one-day point drop since december 2008. we stop by morgan stanley smith barney to hear what they're telling their clients. take a listen. >> a little better news on jobs, a little better than people thought. not great, 9.1. up 40 cents. and it was down a% yesterday. your portfolio was down 3.1. it did relatively well. the bonds will be okay for the most part. the debt deal is disappointing to many. it really wasn't a deal. it just came down the road as they say. no real cuts in the immediate calm but down the road they will. >> that was broker ron hart talking to his klein the. he joins me live this morning and ron, at your firm, what are the biggest questions that are coming up?
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>> what's the next shoe to drop? is this it? is it in the news? should i take money out of the market now? >> traditionally that's not a good idea. the stock market, the s&p 500 gets you 9.1% over time. the average person gets 3.8%. the reason they do that, they panic. they get out. the markets are a fickle thing. it discounts future activity. for example, a 500-point day thursday was in anticipation of the s&p downgrade probably. once it's in the market, usually when the bad news is out, it tends to get its footing and go higher. >> what does it mean in today's climate to be rich compared to middle class. we hear a millionaire tax making $250,000, not a million. what does it mean to be rich? >> they're saying $250,000 a year in income is rich. that's a surprise to many people
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make 2g making $250,000. the richest person are the people who have the simplest pleasures, was said at one time. >> many people don't think that they're going to be able to retire at the same standard of living that they are going to have to change their lifestyle. >> sure. there's a way to look at that. you sit down with a financial adviser. there are models you have based on social security, pension, how much 401(k) you have and you back into the lifestyle you think you can live with. in retirement a lot of people will sell one car. instead of having two they'll have one. they'll move to a smaller town. there's a lot of ways to live a reasonably robust life on less money. you have to address it early. you address it by sitting down
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with your financial adviser, the 401(k) people at your company. you have to stick with it. over time you'll do well. >> you have to be disciplined about investing and your lifestyle, too. >> yes. >> interesting, this is why everybody goes to florida. there's no taxes down there. we have two scenarios. give us tips on how they plan, what they do for their retirement. >> the younger you are, the more time you have. you can make more mistakes. in this example they have $500,000 net worth, the average net worth of someone who retires in america. sounds pretty high but my mom and dad worked for the railroad. he had about that. a middle class but he was a diligent saver. they had that and were living a
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comfortable retirement. look at your social security benefits. you get your 401(k) and have enough money to live the lifestyle you want and sit down with an adviser and they're tell you how to do it. it's no algebraic equation. >> someone who is 55 years old, provide pointers there. >> the average savings rate in america right now is 5.4%. that's what the average person is able to save. they save less in a recession because there's more demand for money at home and kids, et cetera. you need to be disciplined about that. that person needs to really explore what the firm will do for them. some firms match 80% of what you put in your 401(k). don't let that go to waste. that's a freebie. a lot of people don't do it. the other thing is, there's a tendency to withdraw from your i.r.a. when you need money. very expensive money.
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please fight the temptation. it's the most expensive money you can borrow. >> ron hart, appreciate it. next time you come back, i'll ask you a question as to how you plan with what you've got. that's interesting. ron hart, thank you so much. appreciate it. >> thanks. what would bring 915 red heads to jamestown, new york? they came to remember the woman known as the queen of comedy. we'll tell you what they accomplished, coming up in just about three minutes. can i have some ice cream, please ?
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tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. well, let's go cross country now. first up, augusta, georgia. we never get tired of telling this story. jonathan herring, surprises his daughter on her 5th birthday. this says it all. look at that. herring has been deployed overseas for the last six months. and in jamestown, new york, well, taking a look. that's not lucille ball but one of 915 lucy look alikes. turns out, that's a record for the most luis sniz one place. the comedienne who starred in the "i love lucy" of it series
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would have turned 100 yesterday. meet tillman, the newest animal star. since debuting on youtube, the skateboarding bulldog has become famous. he's doing better than i do. well, he's done commercials and now there's even talk he might get his own reality show. why not? everybody else seems to have them. we're getting reaction from overseas markets on the s&p downgrading of america's credit rating friday. first indication, not good. the latest ahead on cnn sunday morning. mine was earned over the south pacific in 1943.
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from the cell center, this is cnn sunday morning. it is august 7th. good morning. i'm deborah feyerick in for t.j. holmes. well, they are among the nation's elite warriors, navy s.e.a.l.s. this morning, the families and friends of 22 s.e.a.l.s and eight other u.s. troops are mourning their deaths in afghanistan. new details for you. plus, fires, looting and violence in north london. we'll tell you what led some people to torch police cars,
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buildings and a bus. we didn't have to wait very long for the reaction on the overseas markets of the s&p downgrading of america's credit rating. trading on the tel aviv stock exchange was temporarily halting after stocks began plunging. kevin flower joins us live by phone. tell us what happened. >> well, deborah, early this morning, pre-opening trading on the testify veef stock exchange registered a drop of more than 6% on the main benchmark index. now, that led to a delay of the opening of the market of 45 minutes. and it's worth noting here that israel's exchange operates on a sunday through thursday schedule. it is among the first in the world to react to the standard and poors rating cut of the u.s. credit rating. what analysts here are telling us is that this is not only a market reaction to the credit downgrade in the united states, but also a response to broader
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losses posted last week and on friday on global markets. it's not entirely a surprise that the markets are continuing to be down today. right now they stand about the same percentage down, about 5% to 6%. but it is an illustration of the work, the growing worry about u.s. and european debt levels. in fact, late last night, the finance minister here had an emergency meeting of his economic advisers to discuss what israel should do, what steps it should take in response to the credit downgrade. he said it was a warning sign, reminding all of us that we are still navigating the ship of israeli financing is in quote, stormy waters. >> all right. kevin flower for us in jerusalem. thank you so much. clearly that a strategic move in order to try and stabilize the
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market. now to that chopper crash in afghanistan that killed 30 u.s. service members. it was the single deadliest loss for u.s. forces in afghanistan since the war began a decade ago. this morning we're beginning to learn the names of those killed, where they're from and how their families are remembering them. one was navy s.e.a.l. aaron carson vaughn, a tennessee native. he was the father of a 2-year-old son and a 2-month-old girl. >> it was aaron's birthday. in june he turned 30. and i told him to be careful. and he said, granny, don't worry about me, he said i'm not afraid because i know where i'm going if something happens to me. aaron was a christian. and he stood firm in his faith. >> the chopper went down in wardak province, southwest of kabul, apparently shot down by the taliban. this is filed video of the type of helicopter they were on, a ch-47 sha shochinook.
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22 of the dead were navy s.e.a.l.s. none of the s.e.a.l.s that brought down osama bin laden were involved. bob, the loss of this team, these men, particularly devastating. >> it really is, deborah. keep in mind we only have a few thousand s.e.a.l.s and only one out of enten or more pass the s.e.a.l.'s program. the president changed our strategy over the next year. we're going to a counterterrorism strategy which means we have to depend upon the special forces, these excellently trained, very highly skilled people. >> it's interesting, the special forces, usually they're also the first ones in, the ones who are getting a lay of the land, looking at terrain, things like
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that, especially in afghanistan. now they're likely to be the last one out. the circumstances that led to this crash, it's going to be important. first of all, why such a loud help capitoler in that region carrying so many men? is that usual? >> it's not necessarily usual. it depends upon really what comes out of the investigation. it looks as if perhaps they were a quick reaction force that was going to a firefight already in progress in a very remote area, the tangi valley is a taliban strongpoint as we've withdrawn our forces back to areas that are more secure. at the same time, when they went in there, they went in to steep mountains, well concealed areas. it was dark, using night vision goggles, complex flying with a large helicopter like a ch-47 down to a very small area. a lot of complexities.
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the investigations will tell us exactly what happened. but these are the types of operations we'll probably find more of in the future. >> any night operation, especially in the mountains, very, very difficult. the pilots would be using nvgs and there would be multiple ships on a big mission. the target for the operation obviously very important. these guys, is it likely they were going after senior taliban leaders or members of the hakani network? >> he's one of the main adversary leaders in the area. keep in mind, we had an option here. i think it's sack fischel to a certain degree. we could have put bombs on there and innocent people might have died no, we chose to go in by raid, just like the decision we went after osama bin laden in pakistan. we could have put bombs on that target. once again, we saved innocent lives so we could just take out who we needed to take out.
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these are tough decisions, our commanders and his folks in afghanistan are making. but probably right decisions for the goodwill of america in that war-torn country. >> one navy s.e.a.l. who spoke to us here at cnn said the one part of the mission they always hate is that helicopter ride. it's the one element they cannot have control over. you think of these guys, they're individuals, they are so independent and they operate as part of a very tight-knit team but each knowing exactly what their mission is. this is just to be in that kind of situation, i hate to say a sitting duck or a target but you kind of get that sense for so many to be on that helicopter. do you think they were warned? the people on the ground? >> well, of course you can hear a ch-47 miles away. but in the mountains and the valleys it's echoed, it's hard to know exactly where it is. clearly we would have mapped out that chart or pathway in there. there would have been some cover
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from both ground and air. but keep in mind, this is complex stuff. it is dark out there. there aren't any cities for -- other types of light sources. you're depending upon, you know, kind of the seat of your pants, in some cases, when you go into tough places like that. it's easy to sit on the ground and fire at something in the air that you can see in moonlight. just a very tough situation. >> all right. lieutenant colonel robert mcginnis, obviously a clear loss for everyone involved. thank you so much. we appreciate you being here. >> thank you, deborah. chaos on the streets of london overnight, after demonstrators protesting the alleged police killing of a local man began burning vehicles and buildings near the to thttem
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police station. >> about 20 to 30 members of a man's family marched to the police station. there will be many questions as to just who they are. basically escalated from that. we have police cars torched, a double decker bus on fire in the middle of the street. there was a residential house on fire. at one point there were people trapped in there. it's absolute chaos. it's not showing any signs of slowing down. >> eight police officers were injured in the violence. 3,000 athletes going to head to head in an ultimate test of endurance. the 11th annual new york city triathlon going on right now. elizabeth cohen is in new york and elizabeth, they have to swim, bike and then run. we saw them going into the water. bring us up to date.
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>> i just watched the cnn team get right into the water, deb. it was so exciting. they're part of 3,000 competitors. they go in the water and they swim for a mile in the hudson river. and then get oust hudson and bike for 25 miles and then in central park, they run for 6 miles. it's an incredible test of endurance. they have about half the competitors in and half the competitors will be going in soon. deb? >> walking around there, the energy has to be really high. our guys, the cnn six pack as they're called, they trained for a long time. they got their bodies ready and had to get their minds around it, too. they were jazzed, psyched for this. >> right. the six pack is what we call six folks who competed to see if they could run in this race under sort of our hospices. these weren't elite athletes. these are six people, many of whom weren't in good shape,
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needed to lose weight, and they trained for a triathlon. what i see is, of course, many elite athletes but many people who are clearly not elite athletes. they just decided to do this. people of all shapes and sizes and they decided that this is important to them, they made it their goal. it was surprising to me that you can be a try athlete and not be in top shape. >> there's a lot of weekend warriors there. i'm certainly not one of them. elizabeth cohen, thank you so much. we'll check in with you later on. >> well, second life for what was once tropical storm emily. reconstituted off the florida coast. reynolds has the lowdown on the storm, not to mention the blistering heat back on the southern plains. reynolds? >> emily is the storm that will not fade away. it is say tropical depression right now. we'll let you know how it will if a effect the u.s., if at all. we talk about the relentless heat that has been going on over
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a month in dallas. we'll show you if there's any sign of relief in sight. for 25,000 miles, but... [ man ] there's never any seats for 25,000 miles. frustrating, isn't it? but that won't happen with the capital one venture card. you can book any airline anytime. hey, i just said that. after all, isn't traveling hard enough? ow. [ male announcer ] to get the flights you want, sign up for a venture card at capitalone.com. what's in your wallet? uh, it's okay. i've played a pilot before. what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and 4g devices like the motorola photon. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network. trouble hearing on the phone? visit sprintrelay.com.
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if you have painful, swollen joints, i've been in your shoes. one day i'm on p of the world... the next i'm saying... i have this thing called psoriatic arthritis. i had some intense pain. it progressively got worse. my rheumatologist told me about enbrel. i'm surprised how quickly my symptoms have been managed. [ male announcer ] because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, while on enbrel, you experience persistent fever, bruising, bleeding, or paleness. get back to the things that matter most. good job girls. ask your rheumatologist if enbrel is right for you.
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this has been a seemingly never-ending heat wave. it looks like we're in store for more of it for this week. i hate to say it for tex testimony. we have tropical depression emily. the winds get up to 39. it would no longer be tropical depression, it would be tropical storm emily. 23 winds were to intensify more, going to 74 miles an hour, we're not talking about a tropical storm but a hurricane. what we forecast with this, at least the last forecast path from the national hurricane center does a couple of things. the forecast has it retaining a tropical depression. we get into monday afternoon. should pull north of bermuda. it looks like it's pulling away from the u.s. in terms s of heavy wave action along the coast. unfortunately rain is not going to be big in the picture for texas. hot, very, very humid and with that, the high heat is going to be brutal.
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parts of the ohio valley into the midwest, storms may pop up into the afternoon. for those of you who may be heading up to watch the big race in new york, what you can expect for the triathlon, the chance of thunderstorms, maybe heavier storms into the afternoon with temperatures mainly into the 70s and 80s by midafternoon with a 60% chance of that precipitation. let's talk more about the heat, though. 105, 100 in memphis, 96 in kansas city, back over to denver and salt lake city. 97 in albuquerque, 83 in portland, 70s in los angeles and back into new york. 88 in downtown new york. you're up to speed. that's the latest in the forecast. let's pitch it back to you, deb. >> thank you, reynolds. it's been nearly four decades since the partridge family sang its last tune. david cassidy is saying he's owed royalty fees and he's not happy. that's coming up exclusively on
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cnn, next. ry versatile ♪ ♪ so let me entertain you ♪ and we'll have a real good time ♪ [ male announcer ] the new hp touchpad. get it now for $100 off, starting at $399.99. ♪ get it now for $100 off, starting at $399.99. there's another way litter box dust:e purina tidy cats. tidy cats premium line of litters now works harder on dust. and our improved formulas neutralize odors better than ever in multiple-cat homes. so it's easier to keep your house smelling just the way you want it. purina tidy cats. keep your home smelling like home. what if we designed an electric motorcycle? what if we turned trash into surfboards?
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remember the old partridge family song, "come on get happy"? i'd sing it but -- actually i would but i'm not going to. cassidy says he's been gypped out of royalties for decades. >> cassidy says he's owed a fortune from all the merchandise from the hurt show and now he's waging a bat toll get paid for it. ♪ i think i love you >> reporter: it's 1970 and a 20-year-old named david cassidy is starring in "the partridge
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family." ♪ i think i love you >> reporter: not only did the show and sold out concerts go on to make him a star but the teen idol's success spawns an avalanche of merchandise. >> this is a dressup set. remember these? nice outfit, david. >> please put your hands together for the one and only david cassidy. >> reporter: 37 years after the partridge family went off the air, cassidy's still performing and producing. and now he's on a personal mission. to get paid for that merchandise from sony which owns the show. >> you say you've been robbed for the last few decades. >> how would you call it? if somebody does not pay you and you are entitled to a percentage of the profits and you know they're making profits, is that stealing? >> reporter: cassidy says
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according to his contract, while the program was on the air, he was entitled to 15% of net merchandising profits when his image was used. half that if he appeared with other cast members. were you paid for that? >> i was told by my manager i received a check for $5,000 and i never heard another word. >> reporter: cassidy's lawyer sent this letter to sony, requesting a prompt and full accounting and payment of proceeds for any merchandise sold using his name, likeness, voice or other exercise of such merchandising rights. sony responded that it could not locate any merchandising statements but found letters showing that mr. cassidy's representatives audited such statements. therefore, they must have been rendered to him. the company went on to say it was not aware of any new merchandising licenses with his name, voice, and likeness after the partridge family went after the air and said the statutes of
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limitations had run out on any claims. sony had no other comment to cnn. ♪ >> i don't want to sue you, just be fair. be real. be genuine. don't be greedy. ♪ >> as for the other cast members, brian forester who played chris partridge says he did get about $1,100 for merchandising back in the '70s but the others we spoke with said they didn't have a merchandising deal or don't remember getting paid for any items. of course, cassidy's battle follows the ongoing fight between cast members of "happy days" and cbs over merchandising money. you can see our full story on david cassidy, tonight on "cnn presents" at 8:00 p.m. eastern. you can see a lot more on cnnmoney.com. deb? >> thanks. it's a test of physical strength and stamina. the new york city triathlon.
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it's going on now. take a look. we'll take you there, coming up. it has two times the protein of regular yogurt. you'll feel satisfied. [ female announcer ] yoplait greek. it is so good. oh, and there's a smile. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say. [ martin luther king jr. ] i still have a dream that one day on the red hills of georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together
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well, checking our top stories, 30 u.s. service members have been killed in the downing of a troop helicopter in afghanistan. the chopper crashed in an area believed to be a taliban stronghold. among those killed, 22 navy s.e.a.l.s. it involved a chinook helicopter like this one. it's the deadliest loss for u.s. troops in afghanistan since the war began ten years ago. police in north london are calling for a return to calm today. rioting broke out over the death of a local man. a father of four, killed thursday during a shootout with police after a traffic stop. rioters set fire to cars and threw rocks and bottles at police. eight officers were injured. 45,000 union workers are on strike at verizon. they walked off t
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