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tv   Americas News Headquarters  FOX News  August 6, 2011 3:00pm-4:00pm PDT

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family members of dozens of highly trained american soldiers. this after a helicopter crash in afghanistan. the deadliest since the war began. the taliban claiming responsibility, but defense officials not yet confirming that. >> plus, a lawsuit to stop construction at ground zero in new york city. the group behind this suit and why they say their business is suffering. >> arthel: and after a brutal crack down with untold numbers killed, one middle eastern government promising free elections. this after authorities intercept a weapons shipment from iran. >> first, america losing its triple a credit rating for the very first time in history. that's right. we've been downgraded now by standard and poors to aa plus. this never happened before. not in world war one, the depression, or world war ii caused a fall. here is president of the s & p's sovereign rating committee explaining why they did it. >> we lowered the rating on the
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united states government to aa plus from triple a, the rating was motivated by a number of factors. one was the political gridlock in washington, which makes us think that it's going to be difficult for elected officials to put the fiscal profile of the u.s. government on a long-term sustainable path. and part of it was because of the fiscal path itself. >> the downgrade coming days after congress finally agreed to massive spending cuts, reducing the nation's debt. too little, too late for standard and poors and millions of americans struggling in this economy. >> hasn't gotten any good news lately. everything causing more jobs. >> i think we got very, very bad leadership and bad interest groups affecting things negatively. >> it started 12 years ago and continued on.
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started with clinton, bush really didn't address it, and now barak obama made it that much worse. >> what does it mean and can we get our rating back? steve centanni live in washington with the latest. >> the president hasn't made any statements yet about this. but his press secretary, jay carney, has, by putting out a paper statement on the president's behalf and without making any direct reference to that s & p action downgrading our credit rating, carney talked about the president's intentions. he said, quote, over the coming weeks, the president will strongly encourage the bipartisan fiscal committee, as well as all members of congress to put our common commitments to a stronger recovery and sounder long-term fiscal path above our ideological differences differes we must do better our intentions to work together. >> thanks very much. >> arthel: we got it. here is -- concerns over what this downgrade means for them. will americans now start seeing interest rates rising on everything from credit cards to
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car loans? elizabeth mcdonald from the "fox business" network to break it all down. you guys have been really busy over there. let's start here. first of all, how big is this? we don't want to downplay the gravity of this, but we don't want to be chicken little either. >> that's true. and in terms of the credibility of the u.s. borrowing capacity in the market, it's a monumental, historic event. but as for the on the boots down where rates are, we're seeing the bond market essentially acting realliy yes, sirrent as of late, meaning the ten-year note, which is so important for the folks out there for their car loans and for their mortgages, the ten-year note is breaking down below 3% of. they tend to be pegged to the ten-year note. it closed. there is other breaking news out of s & p. s & p also telling fox news
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earlier today that the u.s. credit rating could go from aa plus down to aa in at least six months time if the u.s. has not come up with at least $4 trillion in total package of cuts. s & p's john chambers has already told investors on a conference call that we listened to last week that the reason why they put the country at a fast track for a downgrade was because of the acountry moanious fighting going on that the u.s. government could come up with the $4 trillion plus in cuts. he said at that time the $4 trillion was at least a down payment. so this puts the onus on that new 12-member bipartisan committee to come up with the additional cuts by november. and so this is what s & p is watching. the further downgrade could come between at least six months or 24 months span of time. back to you. >> arthel: liz, the s & p, they're watching what's going on with this new committee, this new commission. however, the folks watching
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their wallets, so we want to talk now about who is hardest hit. is it the person who perhaps is retired living off dividends from their investments or maybe the person who is just about to cash out and suddenly, their portfolio is down 60%, or is it that person who is trying to pay off the credit cards, the minimum payment due every month, but now with higher interest rates, that payment is going to be eaten up? >> i think primarily, first and foremost, the credit card holder, because interest rates on credit cards i think tend to be tied to the ten-year note. as for mortgage borrowers, the fixed rate mortgages right now you won't see a hit because those rates are set in stone. the adjustable rates tend to be attached to what are called the london interbank offering, set by bankers overseas. the home equity loan, too, could be hurt if it's attached to that
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ten-year. but as for our 401(k)s, we have seen a lot of pain already. we lost a lot of money, at least $9 trillion in the 2008 down turn out of 401(k)s. over the last week with the downdraft in the markets, the 500 point plus drop in the dow, which we haven't seen a drop like that in two years, that took another $1.8 trillion out of stock. we're watching closely how the stock market and the bond markets will be react to go this as the asian markets open up on sunday night. >> arthel: liz, i need a quick answer on this. what about the folks who are looking for work? they don't have a job. so now suddenly businesses who were going to be hiring, maybe they're going to be more reticent. >> that's another serious question because you're right. for example, if the rates on the -- if the yield on the ten-year goes up and the borrowing costs go up, that means it goes up for businesses and consumers across the board. right? so that means s & p and chase
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has estimating a downgrade could take $100 billion out of the u.s. economy. so that means businesses would have higher interest costs on their own debt and so they would have to set aside more money to pay the interest costs on their debt. that means less money to create jobs. back to you. >> arthel: house of cards. liz mcdonald, thank you very much. i want to let everybody know that s & p's head of sovereign ratings, david beers, had been warning, as liz reported, of a credit downgrade for months. he will be chris wallace's guest on sunday. check your local listing for times. fox news alert n. london, unrest going on. two police cars have been torched and turned over there. this after the shooting death of a 29-year-old man. mark do you gan, a father of four, they say. police in london saying that he was in a taxicab when suddenly there was some type of gun fire exchanged. they say allegedly between dugan
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and police officers in london. a bullet, they say, was found lodged in a police radio of one of the officers. duggan's family planned a protest march. that's when 120 people marched through the area and that apparently, when night fell, started the violence and the eruptions. so two police cars now have been torched in northern london. this is the cunningham location near a metro station there. friends and family organized the protest because they said, quote, something had to be done and the marchers wanted, in their words, justice for the family. they are not happy with the shooting. they say that the victim was not violent. they say whatever this means, that he was involved in things, according to friends and family, but that he was not an aggressive person. police say there was an apparent exchange of gun fire when they tried to arrest 29-year-old mark
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duggan when he was in a taxicab, a bullet lodged in a police officer's radio, they say. that caused his killing. the family then prompting to have this type of protest, which now has erupted in some type of violence in london. london has been the scene in the past couple of years, students had mini riot to protest tuition fees two years ago and just the past march, anarchists ran wild through downtown london in the financial district there in late march at the time. but this apparently a police shooting prompting some type of violence, as you can see, those are two police cars that have been torched this evening. no reports of anyone who has been injured in this violence, but certainly the investigation and questions surrounding the shooting of mark duggan will intensify in london, which is just after 11:00 p.m. at night. authorities hoping this does not spread in any manner through the overnight on a saturday night in london.
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fox news alert to tell you about. that is the recovery operation now underway. this after 30 americans have been killed in afghanistan. the chinook helicopter was traveling in afghanistan's eastern wardak province when it was shot down by insurgents. it was carrying 25 operatives and members of seal team 6, the same team that took out osama bin laden. as far as we know, as of this moment, none of those who were killed today were actually involved or took part in the bin laden raid. seven taliban insurgents and an interpreter were also called. conner powell reporting live from kabul, afghanistan with the latest. >> this is the sipple deadliest day for american troops in afghanistan since the start of the war nearly ten years ago. officially the u.s. military is only confirming that a helicopter crashed in wardak province early this morning. the taliban say they shot down this chinook this morning and
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according to u.s. military officials, it sounds as if the taliban did shoot down this helicopter with an rpg or rocket propelled grenade launcher as it was part of a raid on a taliban compound. in recent months, the u.s. military has said they wrestled the momentum away from the taliban in afghanistan. but today's attack is a deadly reminder of just how powerful the taliban are here in afghanistan and just how much damage they can still inflict on u.s. and afghan forces. eric? >> art: thank you. our hearts and prayers of the nation are with the families of those who died in afghanistan. >> arthel: hate to tell you this, but no relief in sight as triple digit temperatures continue scorching parts of the southeast. look at that map. it looks like the heat wave is spreading. there are new warnings now being issued all the way from kansas to maine with suffocating humidity. only driving heat indexes higher. of course, those soaring temperatures can be deadly.
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but there are new ways to keep you safe from the heat. right now one university is studying how to prevent its athletes from entering that danger zone. elizabeth prann live in atlanta to tell us about it. hi, elizabeth. >> hi. in 2010, there were four heat stroke-related deaths on the football field. in 2011, this week, we've already had four, which is why researchers at the university of tennessee, chattanooga, are looking at alternative ways to fight the heat. take a listen. >> the advantage of this technology, quite honestly, is if it is representative of core temperatures, then you can have people wear a simple head band or embed this monitor inside a football helmet. >> so what he's talking about is a small ingestible cap that's been used in nfl for decades. he's comparing it against new technologies that a lot of high school teams are looking at.
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small sensors that can be put inside helmets. this would be more affordable for a lot of high school and college students. >> arthel: very interesting. hopefully that helps out. elizabeth prann, thank you very much. try to stay cool down there. >> thanks. >> we have new details about the dead levi less than that is unfolding in syria. right now security forces are tightening their grip on the city of hama. protesters there say at least 24 activists have so far been killed the past day alone. meantime, turkey's foreign minister says the shipping of weapons from iran bound for syria has just been intercepted. the u.s. government urges all americans to get out of syria
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right now. there is growing outrage on the streets of israel. right now a massive rally underway in tel aviv. 200,000 people on the streets calling for an overhaul of the government's economic policies. protesters pointing to a higher cost of living and a growing gap between the rich there and the poor. dominic is streaming live from tel aviv, israel. dominic? >> hi, eric. three weeks ago, it all started right here when this tent city behind me began sprouting protests against the high cost of housing in this country. today in this very city, tel aviv, 250,000 people, that's 5% of the population of israel -- came out in protest against the government and the policies of benjamin netanyahu and the demands for them to fix the economy. we caught up with one of the original organizers of this movement and asked her how it came to all of this.
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>> what we're doing now is protest about not just about housing, but about everything really. about education, about our health system, about welfare state. >> also the cost of living and cost of fuel and the cost of food now as well? >> yeah. i mean, this protest is part of many. in the last three weeks, what we learned was that everyone in israel really feels the same. we feel like we can't really think about our future here. >> in comparison to what demonstrators elsewhere are trying to achieve, regime change that, one of your objectives? >> it's not about the government. it's about the system. we don't want to change the government because all the other governments didn't help us. it's about playing a different game. a different economic game. we're not against free market and it's not against capitalism. it's all okay, but we want to have a certain control over our economy because at the moment, our economy doesn't help us as citizens to live here. >> she's making an interesting point about toppling the government.
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however, given the size and numbers that took to the streets tonight, no doubt the government will be very -- will be looking closely and will want to reconsider that economic policy. we'll see what they do. back to you. >> thanks so much. >> arthel: the u.s. mourning the single deadliest day for the u.s. forces in afghanistan since the start of the war. a chopper carrying more than a dozen members of the navy's elite seal team 6 crashing. next we will speak to a retired u.s. navy captain and ask him how this horrible tragedy could have happened. and we will take you back to london live where there is an alleged police shooting sparking major protests. more on that after the break. [ male announcer ] it's a fact: your nutritional needs can go up when you're on the road to recovery. proper nutrition can help you get back on your feet. three out of four doctors recommend the ensure brand for extra nutrition. ensure clinical strength has revigor and thirteen grams of protein to protect, preserve, and promote muscle health.
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>> arthel: this is a fox news alert. we're taking you back live to
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north of london. as you can see there, fire blazing in the streets of london here. 300 people rioting right now. here is why: apparently reportedly thursday, a so-called reported gang member was shot in a cab as the authorities there were carrying out some sort of antigun operation. there was reportedly at the time, when they stopped this particular mini cab, as they call it there, there was supposedly some gun fire exchanged. fox news has not confirmed that yet, but these are the reports that are coming out there. here is something that's new, again, that we have not confirmed, but the new report is that again, this alleged, so-called gunman is supposedly a gang member, reported gang member and that he was out to avenge the killing of a rapper cousin. again, we have not confirmed that, but that is what the reports are out there. and this guy who was shot, again
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this happened on thursday, but his family said that, quote, something had to be done. so now they have taken to the streets and these riots have ensued. we are working on getting a reporter from our sister station there at sky news in london and once we get that person on board, we'll bring you live back there with more details. eric? >> eric: there are new questions after a tragic day for the united states in afghanistan. 30 u.s. troops have been killed in a single deadliest incident there since the start of the afghan war. the taliban claiming responsibility for apparently shooting down our chopper. but that's not confirmed now. some are asking how could this have happened and how will it impact our efforts in afghanistan? captain chuck nash is a retired u.s. navy captain and a fox news military analyst who joins us now from washington. captain nash, it's great to see you, not under these circumstances, you know our hearts and families go out to the families of the victim, the
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brave troops who are out there. and seal team 6, 22 members of that seal team 6 were on board this chopper. they must be devastated. how could this happen? >> well, from the original reports and again, eric, all first reports are normally wrong. there never as good or as bad as first reported. from what we can tell here, the news is pretty grim. it appears that these gents were part of a quick reaction force that went into rescue or relieve some of their comrades who had been pinned down in a fire fight which may explain why so many of them were in a single helicopter. maybe they were trying to evacuate those that were under fire. so whether they were shot down on the way in or on the way out after evacuating their brothers and arms, we don't know exactly and we'll have to wait for the investigation to come out. >> eric: they're obviously on an overnight mission.
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the chinooks are kind of slow. are there reports why a chinook is being used as opposed to blackhawks? >> blackhawk, you load them up and you try to do this and in these valleys, in this wardak province, they're very shear valleys, very, very steep. so you need a lot of lifting power. so if you're at altitude and you've got a heavy load, you need a heavy lift helicopter, which is exactly what a chinook is and a blackhawk may not have had enough power for the mission at hand. >> eric: since this happened at night, is there a concern, obviously, that the taliban may be having night vision goggles, they may have the advanced, sophisticated equipment that can shoot us down? >> you know, there is going to be a lot of questions about that in the investigation because our mantra was we own the night. the iranians have been providing a significant amount. this has been substantiated that the reaps have been providing significant equipment, both capability, in training, and also in weaponry to the afghan
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and to shiite forces in iraq. whether they're providing that, whether they're giving them that is open to some speculation right now. but the idea that we own the night, i think we probably use the night and there are others who are going to be out there using the night as well. >> eric: i recall a similar incident, michael moore was killed. so bravely, opening fire and firing back to save his comrades. but the helicopter team that was sent to rescue him, that tragically crashed. you think this potentially could be a pattern and how do we protect them against it? >> i'll tell you, when you come right down to it, very similar scenarios. up with, four seals trapped. these were the guys who the shepherds came up on them and a little kid and they decided well, we better let them go. they didn't kill them. next thing they know, they're surrounded by 100 taliban because the shepherds went back and ratted them out. and as the 16 guys came in, that was operation red wing.
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same type of helicopter. these guys wound up losing their lives, too. and mike murphy was posthumously awarded the medal of honor and there was a book "lone survivor" about that whole thing. yes. it's very, very dangerous. that's the thing that people don't understand. we have 9 million people watch "jersey shore," for goodness sake, and how many people could really understand and come to grips with what's happening over there in these battlefields every day as these kids man up, go into these dangerous situations, day in, day out, tour after tour. i know some of these guys in these seal teams that had 14 combat deployments since 9-11. we owe these kids a lot because they man up. they don't have an option of saying, this looks a little shaky, i'm not going. they suit up. they go. >> eric: i'm so glad you said that. you absolutely captured the spirit and i know your feeling and ours certainly we are with the families and we salute the
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brave members of the seal team 6 and all those who were on that chopper and all our fighting forces in iraq and afghanistan right now protecting freedom. captain nash, always good to see you, not under these circumstances. we'll be following this story up to the weekend. >> thanks. >> arthel: moving on now, right now there are lots of finger pointing going on in washington over america's first ever credit downgrade. so what will happen to the markets now and who is really to blame for all this mess? a fair and balanced debate coming up next. protests rocking the streets of london. as we speak, there is live pictures right now, police cars on fire, reports of shots fired. we'll take you back there live after the break. every day, all around the world, energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country,
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>> eric: the bottom of the hour, time for the top of the news. yemeni president may soon be allowed to return home.
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that following a hospital stay in saudi arabia. he is recovering from wounds suffered following a bomb attack on his palace that happened back in june. >> arthel: also a close call for passengers aboard this jetblue flight. the plane made a successful emergency landing at long beach airport friday after pilots reported fuel and brake problems. >> eric: more than 30,000 people turned out for a prayer rally in houston, texas. governor hick perry leading the crowd in a prayer for the nation at the event. he's come under criticism, but the supporters say the event was planned long before his name was popped up as a potential republican presidential candidate. >> arthel: as washington plays the blame game today on who is responsible for the nation's historic credit downgrade, many are wondering if this is a wake-up call for lawmakers to set aside partisanship and to begin to compromise for the good of the country. i know what you're thinking, is that possible at this point? joining me, president of the new
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heights communications and former spokesperson for vermont governor howard dean, kristy. and former jeb bush spokesman and florida co-chair for governor tim pawlenty's presidential campaign. justin. guys, consider this for a second. remember when you were kids and you and your siblings did something really bad and you got in trouble and your mom said, i'm very disappointed in all of you and who -- what do you have to say for yourself? okay. so first of all, do you think that the republicans are going to say what they think they've done? justin, you want to take that? >> i hope so. i hope this is a wake-up call. i hope it sobers those up in washington to the pick problem that we have, the fiscal problem we have in our country. while the easy thing to do politically is to play the "game of thrones" and rye to -- blame
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game. i think i as a republican, i'll say the republicans can take our share of the responsibility for what's happening in washington. i hope kristy and the democrats do the same thing. let's move on and let's try to address the problem because the standard and poors downgrade of the u.s. credit rating has major, major implications for our economy and for our government. >> arthel: kristy, i'll get to you but justin, what would you think the republicans will say is their part in the culpability aspect of this downgrade? >> look, the republicans and the democrats both alike have shared responsibility of congress and of the white house for the last 20 years that ultimately led to this point, that led to this day. again, it would be easy for me to point to all the shortcomings of president obama and his budget that got defeated by the senate this year, 97-0. there is a lot of responsibility that can go around. but i think republicans, we've controlled the white house many of the past 20 years and we've controlled houses of congress. i think that we can all take responsibility, but the more important thing is, what are we going to do about it now and how
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will we address it? >> arthel: kristy, you're all sitting in that room lined up on the couch and your mom is like, i don't care who spilled the paint on the carpet. there is paint on the carpet in the family room and somebody is going to clean it up. in fact, all of y'all are going to clean it up. so kristy, what will the president and the democrats do to clean up this mess? >> first, i want to go back for a second because while everyone is tired of playing politics with the economy, the fact is that when it comes to losing our triple a credit rating for the first time in history, there is only one place to lay the blame and that is squarely at the feet of the republicans in congress. they were the first ones who were willing to play politics with the debt ceiling vote for the first time in history and then they showed that they were willing to bring our economy to the brink of collapse. just as democrats in congress and the president would not give in to their demands. >> arthel: but if i may jump in, just the fact that you said right off the bat, we don't want to play politics, but guess was
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fault it is. it's all their fault. >> i agree. let's get beyond the politics. i could go on for 20 minutes stalking about the short coming of the democrats in congress and president obama. but how will that get our credit rating to triple a? let's focus on the future. i think the democrats can lay the blame on the tea all they want. this is something we need to move beyond and try to work in a bipartisan way to address the fiscal problem that the people in washington have made too many promises, to pay too many people in the future and that's what the downgrade means is that the american government is less likely now, just a little bit, to pay off its credit. >> arthel: kristy, you want to jump? >> i think that's easy for justin to say because it is the fact that this is a national consequence of republicans in congress who would rather see president obama fail than see americans succeed. look, during this debate, americans said several things that they want to see from
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washington. they said they wanted to see compromise between the party leaders, republicans were not willing to come to the table. they said that they wanted to see revenues structured into whatever deal that they came to the table with. republicans were not willing to do that. and they said specifically they wanted to address the tax give aways to millionaires and big corporations. republicans were not willing to do that either. so of course they want to get past the blame game because the blame is on the republicans. >> arthel: right now we're playing the blame game. really, guys, the minute the people hear compromise, they probably want to upchuck, quite frankly, 'cause they've heard it so much and nothing is being done. i ask you, this is serious business, you know? do you think moving forward in washington there will be more compromise or will there be more polarization, justin? >> i'm hopeful that there will be more compromise. but if we keep playing the blame game, there will be more polarization. we have a presidential election coming up next year. we have a lot of members of
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congress up. i think what this does is downgrade, makes it easier for republicans to take a message to the country of fiscal discipline and fiscal austerity and makes it harder for the democrats to demagogue on the issues of medicare and to basically say that we don't need to change entitlements. it's easy to say that we can -- the people in washington can continue to indulge on candy, ice cream and sodapop, but the message the republicans want to bring to the country is it's time to eat our spinach and if we don't, we need to stop worrying about the next election and worry about the next generation because they'll pay the price for the fiscal lack of discipline that exists in washington right now. >> arthel: kristy, i'm going to give you the last word. so what meat and potatoes message will the democrats take now to the people so it can actually be heard? >> yeah. i have to agree with justin, which is that this is the time for us to really address the serious issues that we were already facing that just got more serious with this downgrade. this is a manufactured crisis.
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we didn't have to have a debate over raising the debt ceiling, but there are very real consequences right now. america has lowered our standing in the world. people are about to lose their jobs and their homes and millions of us will face higher interest rates. so it's time for us all to stop with the politics and get serious. >> arthel: i agree. kristy, thank you very much. justin, thank you as well. good to see both of you this evening. >> thanks for having us. >> eric: we just heard the blame game and political sniping of the downgrading of the u.s. credit rating. in washington they're doing it too. pointing fingers and blaming each other. will this help us regain the nation's long-time sterling financial reputation? managing partner for chapwood capital investments management and joins us now. ed, it is unbelievable. we went through world war i, the depression, world war 2 without
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this and boom, how do we get out of it? >> i just can't believe the debate i just heard. kristy on one hand is simply saying that we didn't have to have this debate over the debt ceiling, but that's actually what this whole problem is, is how much debt we have relative to how much money we bring in. and i got it tell you, it's real simple. we have to cut the unfunded entitlement programs. that's what the real number one problem is. we've got to cut how much we owe and we've got to increase the revenue. it's a very simple math game here. it's not a political game. it's very simple math. we've got to do this now. >> eric: we just heard from kristy and justin, the same arguments being reflected on both sides of capitol hill. >> well, that is absolutely right. i think everybody needs to go take an economic 101 class. we do this in our household budgets. we are basically spend not guilty this country, $1.3 trillion more than what we bring in. that's a $11,000 more per person. kristy wants to raise that number and not have any cuts.
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the tea party, it's the best thing that ever happened to this country because the tea party is bringing up that discussion which we all need to have. how do we fix this? real simple. reduce taxes on every corporation across the board, reduce taxes on individuals, just like we did in 1983, eric. in 1983, we reduced taxes. we stimulated the economy. the gdp growth was huge. and we got our fiscal house closer to being in order. that's what we need to do right now. we need to stimulate, get more, quote, revenues into the government, and reduce those entitlement programs. then do we get back there? well, let me say this, there has been five times that we've had -- excuse me. five countries that were reduced from triple a, it took nine to 18 years to get back to that triple a status when they did get back there. so we're a long way away from that happening. >> eric: the list you just said, look at the president. he wants to increase revenue. you know what that means. potentially raising taxes on the wealthy, which wasn't part of this deal. >> yeah. that's a political statement. that is going to do absolutely
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nothing for this country. it has -- if you just increase the tacks on the wealthy, that doesn't fix our problem. that doesn't even come close to fixing our problem. people don't understand just the magnitude of this problem. so that will not fix it. it's a simple math game, eric. reduce the amount that we spend and increase our revenues. when we do that, we hope things get better. i think we go down in terms of our credit rating before we go up again. >> eric: down another notch? >> absolutely. i think that if you listen to what s & p says, we're on a negative watch. this could happen six months from now, 12 months from now. but don't be surprised if we're not seeing that ratchet down again. this problem is not going to go away any time quickly as long as we have the political situation we do. >> eric: on the s & p plan, it says there is a lack of long-term plan to reduce debt. no long-term plan. are we going to get one ever? do you think?
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>> maybe. i don't know. maybe november. >> eric: we've gone down a notch and it's predicted we could go down further unless we get this problem solved. thank you for joining us this afternoon. >> arthel: i suspect he meant november 2012. fury at this hour in london. fluid situation right now as police are trying to control what is chaos, as you can look. these pictures we're showing you there live. we're seeing a column of police officers on horseback. we're talking about the mounted police officers moving in. there is someplace in that crowd there. amidst the protesters, they're rocking the streets of london, it's north of london. the streets, cars on fire, reports of shots fired. we are going to get more details momentarily.
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>> eric: it's almost midnight in london and the streets, as you can see in one local area, chaos. reported shots fired, police on
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horseback. police cars torched, a building potentially on fire. this after there was supposedly a peaceful protest called earlier this afternoon to protest the shooting of 29-year-old mark duggan. he's described as a father of four, he was shot on thursday. the media in london describe him as a suspected gang member who police feared was about to avenge the killing of a rapper cousin when they say he opened fire at police while he was in a london taxicab. details not confirmed by fox news. his family and friends had a protest this afternoon to protest against his killing when that apparently turned violent, as you can see, with the overturning and torching of two police cars. that seemed to escalate a bit in the pottingham area of london, north london, after this killing, police and authorities trying to get a handle on things, keeping things as quiet as they can as it begins to near midnight on a saturday night in london. we will have more reports and more details on this as the hour
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progresses, as we wait for calm to return to the streets of london following the protest of the police shooting of that young man. >> arthel: we switch gears as we tell you this, an iconic collector's item is getting a high-tech makeover. the days of stale chewing gum are over for trading card collectors. complete with microchips and a video flair. the new cards are expected to revive the industry with some of the new collectibles already fetching hundreds of dollars on ebay. casey stegall live in our west coast news room with more. all right. they're pretty special, seems like it, right? >> yeah. high-tech toy, technology simply amazing and you hit the nail on the head. here it's all about revamping the run of the mill cardboard
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trading card that so many of us remember getting back in the day. take a look at the video for yourself. they are called hrx cards. that stands for highlight real experience. basically rather than just picture and stats, they also show a 20-minute highlight reel in hd. right now these things are available for a few nba players and are hidden inside some regular card packs circulating on store shelves. it's a way to bring the collectibles industry up to speed with technology, as well as giving fans access to an athlete like never before. >> definitely a new trend. we've been really excited because ideally, this was designed to influence and bring in new collectors to the market and again, bring that athlete closer to the fan. >> there is a little bit of a soft rollout happening with this. but one day they will be main stream. we understand, and on store shelves, and affordable.
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arthel? >> arthel: affordable, i was going to say, i bet they'll cost an arm and a leg, but apparently not. you get one of these fancy new trading cards, and then what? how does it work? >> the southern california company called recom group has been using this technology for quite some time. they made this for us. these are video mike flags to put on our microphones with the spinning fox news channel logo. these screens here are about $100 apiece. and they're supposed to be getting more and more affordable. they're about an inch or two long and they can be as thin as a piece of paper. again, they say this technology has been around for quite some time and there are plans that you can see, therefore, accessories also, adding them to things like advertisements and even adding them to greeting cards some day. the folks at this company say this is the way of the future and this stuff is going to be all throughout our normal day-to-day lives as we go into the future. pretty amazing. >> arthel: yeah, amazing. makes sense.
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casey, let's talk, i heard jamie colby ask you for the kobe bryant card. no, no. bring it to me. and if there is two fantastic if not, give it to me and accessorize, won't you? >> we'll get it bedazzled for you, how is that? >> arthel: i love it. thank you, casey. >> got it. >> eric: how about mickey mantle? or sandy koufax? >> arthel: you're going to get into it. i must admit, i was a cracker jacks girl. >> eric: well, you got little ones at home and you know school is right around the corner and you know what that means, you got to buy all the school supplies, all the books and the rulers and the thingies and the stuff we didn't have, going to shell out a lot of dough. "consumer reports" has some advice coming up. now they got the very best for the kids for less. >> arthel: my favorite is the
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thing a majig. 50+ advantage has ginkgo for memory and concentration, plus support for bone and breast health. a great addition to my routine. [ female announcer ] one a day women's.
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>> arthel: august 6, the month is going by. it's that time of year. millions of american children getting ready to head back to school later this month. moms know that so much because it means lots of school supplies. >> eric: so how can you start to get the kids off in the right
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foot without breaking the bank account? joining us now on one of the hot topics in the latest issue of "consumer reports" magazine, it's how we can do that, smart shopper magazine editor, sue perry joins us. you feel like you got two tuitions. prices of all this stuff and the textbooks, the supplies. >> and the lists that the kids come home with get longer and longer, art supplies, everything. you've got to save money everywhere you can. >> arthel: how can the parents save money? >> first of all, you want to get as many discounts as you possibly can on school supplies. so you want to hit the sales. you want to bring your coupons. if you're lucky enough to hit a state tax holiday, you get no sales tax. there are 16 states that have them. you can go on tax admin.org to see if your state has one. that will save you sales tax. if you don't hit sales tax now, wait until your state has this
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tax free so you can save money. >> arthel: of course, you can always look for coupons. >> we vetted vetted and like coupons.com. retailmenot.com. >> arthel: i want you to write that on the board. >> you know what? we like these sites because sometimes you go on coupon sites and they're discontinued or they're expired. these sites are pretty good. >> eric: can you repeat those again? >> coupons.com. that's easy and retail mismenot.com. >> eric: the tax day is? >> that's called taxadmin.rog. you can see if you're one of the 16 states that has it. >> eric: also amazing is the gao for all things, the government investigating the cost of tax books that have gone up 240%. faster than almost anything else. how come this stuff is skyrocketing? >> i know. it's ridiculous. it's like a second tuition
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because i have a son who just graduated and i know what we paid in textbooks in the last four years was amazing. however, there is some sites that can save you a lot of money, up to 90% off on some of the -- i got on this morning because i thought, i can't believe this. how come we didn't know this four years ago? but one that we really like is called betterworldbooks.com. and you can get new and used books on this. free shipping. they've got a great return policy. and then there is also one called meebo.com. and you can also buy books at a discount, has free shipping, but you can rent books. the ereader can save you money, especially taking classics are free to download. >> arthel: sue perry, good to see you, thank you very much. good to have you here with us this evening. that's going to do it for us, i'm arthel neville.
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>> eric: harris faulkner coming up in a few seconds and she will have the latest from the london protests we've been covering and i'll be back tomorrow morning with jamie colby right here on the fox news channel. >> arthel: enjoy your evening. thanks to the venture card from capital one, we get double miles on every purchase, so me and the boys earned a trip to dc twice as fast! oh hi! we get double miles every time we use our card. and since double miles add fast... one more chariot please. ...we can bring the whole gang! i cannot tell a lie. he did it. right... it's hard to beat dole miles! read mlips -- no new axes! [ male announcer ] get the venture card from capital one, and earn double miles on every purchase, every day. go to capitalone.com. what's in your wallet? so, you're a docrat right? if you have painful, swollen joints, i've been in your shoes.
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