tv CBS This Morning CBS June 21, 2012 7:00am-9:00am PDT
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725. >> cbs this morning is coming up next, having gradate. good morning too our viewers in the west. it is thursday, june 21, 2012. welcome to studio 57 at the cbs broadcast center. i'm charlie rose. gayle king is off today. tensions hit a new high between the white house and republicans over the fast and furious scandal. plus, hillary clinton tells us why iran must be stopped before they can develop a nuclear weapon. video released just this morning shows george zimmerman hours after shooting trayvon martin telling police why he did it. plus, a community rallies around the bus monitor after video of students bullying her hits the internet. but first, as we do every morning, we begin with a look at today's "eye opener." your world in 90 seconds.
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>> i had my gun, and i aimed it at him. and fired one shot. >> zimmerman defense team releases new video shot by investigators. >> in one of them, zimmerman is re-enacting the fight for investigators just a day after the shooting in february. >> put his hand my nose and his other hand on my mouth. [ bleep ] >> the action that the committee took was both unwarranted, unnecessary, and unprecedented. >> the house oversight committee voted to hold the attorney general of the united states, eric holder, in contempt, accusing him of stonewalling an investigation. >> over the fast and furious gun trafficking operation. >> president obama invoked executive privilege, withholding documents demanded by the panel. >> the notion that you can withhold information and documents from congress is wrong. >> closing arguments set for jerry sandusky's child
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molestation case. >> the defense has rested. >> and sandusky did not take the stand. >> surging rivers in duluth, minnesota. >> more than a dozen animals drown at the zoo. seals rescued from the street. >> the northeast is hit especially hard with this record-breaking heat wave. >> it's so hot here in new york city, we are doing something for the people. we put that out there early this morning. >> oh, moo god, you're so fat. >> police in upstate new york are investigating video of students bullying a school bus monitor. >> all that -- >> grabbed by a fan. lost a little bit of the beverage. >> does it bother you that the press always calls you the romney boys? it's like you're 98 degrees or something. >> yeah, yeah. >> and all that matters. >> celebrating his 30th birthday today. >> on "cbs this morning." >> any lengths to change the subject from the current story. >> now i'm thinking should i take my pants off. [ cheers and applause ]
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welcome to "cbs this morning." democrats and republicans in washington are at each others' throats over the controversial gun running program called "fast and furious." >> on wednesday, the obama administration claimed executive privilege for the first time as a house committee voted to charge eric holder with contempt of congress. this morning, the attorney general is speaking out. nancy cortis has the latest from capitol hill. what is he saying? >> reporter: good morning, erica, and our viewers in the west. earlier this morning, holder who wa traveling in copenhagen, denmark, called the vote unnecessary, unwarranted, and unprecedented. he says he still thinks the conflict can be resolved. >> the ayes have it. and a contempt report is ordered. >> reporter: republicans argued the move was the only way to force attorney general eric
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holder to hand over documents they asked for eight months ago. >> when you keep getting stonewalled, why? what is it about these documents that are so sensitive? >> reporter: the white house added an extra layer of intrigue by claiming executive privilege over the documents, a tool the administration can use to protect internal discussions. where republicans see a cover-up, democrats see a witch hunt. >> it's painful to sit here and watch it turn into partisan political theater. >> reporter: the disagreement centers around an atf operation called fast and furious, which allowed traffickers for mexican drug cartels to buy more than 2,000 weapons from u.s. gun dealers. the goal was to track the guns and take down a major cartel, but it didn't work. two of the guns were found at the murder scene of a u.s. border patrol agent in 2010. holder has handed over nearly 8,000 pages of documents, but republicans want more. and say the white house use of executive privilege brings up
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new questions about the documents. >> it raises a lot of suspicion about how high up in this administration the decision to have fast and furious goes. >> reporter: this is the first time president obama has exerted executive privilege. he criticized president bush for using it. >> there has been a tendency of this administration to hide behind executive privilege every time there's something a little shaky taking place. >> reporter: now that a contempt vote is headed to the house floor, former house of representatives counsel stanley brown expects both sides to make concessions. >> some documents will be given to congress. >> reporter: if they vote in favor of contempt next week, it will be the first time that an administration official from the top levels of the cabinet have been held in contempt. but then, charlie and erica,
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this matter gets handed over to the local u.s. attorney, who is unlikely to do anything with this matter, because he's not going to prosecute his own boss, eric holder. >> nancy, thank you. also in washington this morning, national journal white house correspondent major garrett. good morning. >> good morning. >> is this a battle over documents or a battle over politics? >> it's a battle over both, charlie, and it's a battle over documents. and as nancy's piece indicated, there are already negotiations going on, at least preparatory work, to negotiate between the house and the justice department and the white house over these documents and over what the attorney general might under certain circumstances be willing to give the house of representatives to avert a full contempt vote by the full house scheduled for next week. the story isn't over. but the house basically believes it has asserted a legitimate right to inquire about high level negotiations about fast and furious as yet undisclosed by the justice department. the justice department said your
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request is too widespread, too dif fuse. if you narrow your request, perhaps we can strike a deal. >> what's in the documents they think they need to see? >> what house republicans want to see is how seriously was the attorney general involved in the fast and furious operation. now, this operation did begin in the bush administration under a different name. it was called operation wide receiver, but it was expanded both tactically and in its ambition to try to track the weapons and get them to cartels. that tracks has been a complete failure. but what house republicans want to know is how much did eric holder know about it and how much did his deputies know about. and there's been recent evidence about wiretaps as a part of fast and furious at high levels of the justice department that indicates at least to house republicans there was substantially more knowledge of this program and intricate knowledge than has so far been disclosed publicly. >> is there any indication this morning, major garrett, over which side will blink first
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here? >> well, one thing is certain, and you saw this in a statement from speaker john boehner yesterday. the house will have this vote. and there is no distance between the house leadership and darrell issa. the committee chairman, the government oversight and reform committee. there had been for a while. house republicans are united on this. they do believe they are asserting a legitimate congressional prerogative. the administration by claiming executive privilege has also amped this up, so both sides are girding for battle. sometimes in washington that means a perpetual battle. sometimes that means they just battling first, negotiate later. we don't know yet which it will be. >> but is the white house looking for a fight with house republicans? >> i think there are aspects of this, charlie, that they are warming up to. this is the first time they have asserted executive privilege. they say we haven't been doing this willy nilly. congress seems obsessed with this as opposed to the economy, other issues that the white house thinks it could work to its favor. pthey also want to say perhaps mitt romney should talk about this because democrats have
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raised issues about the transparency of governor romney when he was running things in boston while he was governor of massachusetts. the obama campaign has begun to try to turn some of these questions on mitt romney and his governorship in massachusetts. so the campaign at least or the obama people thinks that there might be some ground to dig into here. and they are girded and interested and eager to have that fight. >> major garrett, thank you. there is news this morning in the trayvon martin case. for the first time, we're hearing what george zimmerman says happened that night. it is a blow-by-bow account in his own words. the tape of zimmerman talking to police just after the shooting was posted on zimmerman's defense website this morning. >> i heard him say, you've got a problem? and i turned around and i saw him, and i went to go for my phone and call 911 and say it was an emergency this time. but i guess i didn't have my phone in the pocket i thought i had it in.
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it was in a jacket pocket. and i reached for my pocket and i was looking for my phone. and he just punched me in the nose. and i fell backwards and to the side. somehow i ended up on my back. he ended up on top of me. and he just kept punching my face and my head. and i was screaming for help. and he told me shut up. i kept yelling for help. and i got a little bit of levrale leverage, and i sat up, and he slammed my head into the concrete. in the face and the head, it felt like he was hitting me with something in my hands. i couldn't breathe. i was suffocating. and all i could think about was i didn't want him to keep slamming my head on the concrete. but when i shifted, my jacket came up and my shirt came up, and exposed my firearm.
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and that's when he said -- he like sat up and looked and said, you're going to die tonight [ bleep ]. and i felt him take one hand off my mouth and slide it down my chest. and i just pinched his arm and i grabbed my gun and i aimed it at him and fired one shot. he kind of sat back and said, you got me. or you got me, you got it, something like that. >> zimmerman is in jail this morning accused of second degree murder in the martin shooting. his bail was revoked earlier this month. closing arguments are set to begin this morning in the sex abuse trial of jerry sandusky. the defense rested its case on wednesday without calling the former penn state assistant football coach to testify. armen keteyian is at the courthouse there in bellefonte, pennsylvania. >> good morning, and good morning to our viewers across the west. sandusky faces charges ranging
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from inv voluntarvoluntary sexu intercourse to endangering children. before the jury weighs the evidence, first the defense and then the prosecution will have one final say. depicting in closing arguments sandusky as either a man misunderstood, a father figure driven to simply help troubled young boys, or as a serial sexual predator, who used the charity he founded to nurture and then betray the trust of boys brought into his home. earlier this week, the defense offered clear signs of how it will argue innocence. conflicting statements in some of the eight alleged victims' testimony, an overzealous police investigation that led or coached kids into matching testimony. the desire to cash in on potential civil lawsuits. a parade of character witnesses lauding sandusky as wonderful, revered, and amazing. what the defense won't have is sandusky's testimony. yesterday, in a decision that was debated until the very last
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minute, sandusky chose not to testify in his own defense. a decision based in part on lead attorney joe amendola's belief that the defense, quote, got in everything they needed. ultimately outweighing the risk of what could have been a withering cross-examination by lead prosecutor joseph mcgettigan. the heart of mcgettigan's case and closing argument will certainly be the sometimes tearful, almost graphic testimony of eight accusers, now ages 18 to 28. but his strongest card may be the testimony of mike mcqueary, the only independent eyewitness to any alleged abuse. it was mcqueary who in a decisive voice told the court he saw sandusky pin a young boy against the wall from behind, in an extremely sexual position, in a coach's shower back in february 2001, an account the defense despite multiple attempts appeared unable to shake. the jury will likely get this
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case early this afternoon. yesterday, judge john cleland replaced juror number six, a female, for what he described as health relationships. she was replaced by another woman, leaving the makeup of the jury at seven women and five men, many with ties to penn state. >> armen, thank you so much. we now go to cbs news legal analyst jack ford. good morning. >> good morning, charlie. >> is this about a confident defense or a defense that does not want to take a risk? >> again, it's probably a little bit of both. we talked about this yesterday as a possibility. the idea that the defense despite all the signals they sent about jerry sandusky will take the stand, will testify, will defend himself, apparently took a look at it and as armen said, look, what do we have so far here? and they said we have dottie sandusky's testimony, which was very important, very powerful. they are saying we had the testimony from the psychologist that talked about jerry sandusky's bizarre and awkward
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conduct. they talked about witnesses who came in, young men who said we spent a lot of time with jerry sandusky and never had a problem. he never attacked us. and some of the young men who said we felt like the investigators were pushing us to say something bad about him. so they probably did a risk benefit analysis, charlie, and said, you know what, the risk of putting him on the stand and perhaps not being a good and effective witness and being batter by the prosecution, which we compare that to the benefit of him testifying, ultimately they said, you know, we think we've got as much as we can hope here, and we don't want to put ourselves in a situation where the case could be damaged by what might be ineffective testimony by him. so the defense -- despite all the things they said, ultimately they said we're not going to put him on the stand. >> jack, jurors take their instructions very seriously. but is there any chance that not stand to defend himself could - have an impact on their mind at all? >> you know, that's such a good and difficult question, erica. as you said, jurors take their instructions very seriously. and jurors are told explicitly
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by trial judges you cannot hold it against the defendant in any way, shape, or form if that defendant chooses not to testify. remember, the defense doesn't have to prove anything in this case. now the problem is, and the concern i'm sure, the fear in the sandusky camp, is that even with that instruction being given, and even with jurors working very hard to follow that instruction, you worry that deep within their subconscious someone on that skroor might be saying, wait a minute. if i was an icon the way jerry sandusky is in penn state, and if i was charged with these reprehensible crimes and if i was indeed innocent, you couldn't keep me off of that witness stand. now they are not going to say that in the room when they are deliberating because they are not allowed to. but the fear is it's floating around there somewhere in their heart and soul or subconscious. might it have an impact on the deliberations. and that's something that i'm sure they are very, very worried about right now. >> jack, thank you so much. >> all right, charlie. i was in washington on wednesday to moderate the second installment of conversations on
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diplomacy, a series between the secretary of state and former secretaries of state. our gets were secretary of state hillary clinton and a predecessor, james baker, who spoke about the challenge of dealing with iran's nuclear ambitions. >> at the end of the day, if we don't get it done the way the administration is working on it now, which i totally agree with, then we ought to take them out. >> secretary clinton? [ laughter ] >> well, we're -- we're working hard. no, look, i mean, i think jim and i both would agree that everybody needs to know most particularly the iranians that we are serious that they cannot be allowed to have a nuclear weapon. it's not only about iran and about iran's intentions, however one tries to discern them. it's about the arms race that would take place in the region
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with such unforeseen consequences, because you name any country with the means, anywhere near iran, that is an rab country. if iran has a nuclear weapon, i can absolutely bet on it and know i will win, they will be on the market within hours. and that is going to create a cascade of difficult challenges for us and for israel and for all of our friends and partners. >> it is time now to show you some of this morning's headlines. the "wall street journal" reports that federal reserve is warning that the economy remains at risk. chairman ben bernanke said the fed would extend its program to drive down interest rates through the end of the year. "the orlando sentinel" police chief has been fired. bill lee lost the trust of the citizens there. >> "usa today" looks back at the life of leroy neiman. he was famous for his handlebar
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mustache and his colorful painting of the olympics. he died yesterday at a manhattan hospital. he was 91. the detroit free press is reporting that the detroit automakers are closing the quality gap with japanese makers. one the biggest complaints from new car owners was about audio, entertainment, and navigation
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chaos in the air after mechanical problems on a jetblue flight. >> the first thing that went through my mind is, this is it. >> for four hours the plane bobbed around in the sky, making passengers sick. this morning we'll have the story from inside the cabin. oh, my god, you're so fat. >> those are seventh and eighth graders bullying a bus monitor. the video has now gone viral. the kids may face charges and the community is rallying around this grandmother of eight. you'll hear from her on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by
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>> good morning everyone. a woman has died from an overnight fire in berkeley. two other people were injured and the cause is still under investigation. engineers will go inside pier 29 today to decide whether the structure will stand after yesterday's big fire. nobody was hurt although it did cause a lot of problems. two competing tax proposals will be on the ballot in november. one by the governor would increase sales and income tax on the wealthy and the other would raise income tax for most people. ,,,,,,,,
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>> we have big problems if you're heading towards the bay bridge, a pretty good size backup westbound 80. it was right around treasure island. four while three lanes were blocked. apparently they will need to issue a traffic alert for the next hour or so. even though all lanes are open they expected to take awhile for traffic to fully recover. 880 looks ok pass the coliseum. >> a lot of low clouds and fog around the bay area and even some drizzle. much cooler temperatures outside today as high pressure gets out of the way. we will see much cooler numbers over the next few days. only into the mid '70s, many
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asian-americans, now the fastest growing race in american. asians overtook spanish -- >> yes, asians are the new mexicans. our nemesis has more than a ramen rival. worse, they know all our lucky numbers. we're getting boxed in. mexicans do the jobs we don't want to do, and asians do the jobs we're not able to do. welcome back to "cbs this morning." >> passengers on a flight from las vegas to new york last weekend didn't plan on anything like this happening. the plane had to make an
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emergency landing after a harrowing ordeal. >> jim axelrod is here. good morning. >> good morning, charlie. those on board say it was quite a ride. new details are emerging about what it was like on the jetblue flight. we caught up with one of the 155 very shaken passengers. passengers on sunday's jetblue flight 194 from las vegas to new york's john f. kennedy airport describe four terrifying hours in the air. it began right after takeoff. as if something was trying to get into gear. didn't sound like the landing gore. i fly a lot. >> reporter: the pilots call air traffic control to declare an emergency. >> jetblue 194 roger, just verify the nature of the emergency. >> well, right now it's quite a few things but the initial thing is we lost our hydraulic systems. >> reporter: the airbus a-320 with 155 people on board continued to maneuver on reserve
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hydraulics. >> we know we're circling, doing huge banking turns and not leaving las vegas. >> reporter: soon tom mizer says the pilot made an announcement. >> he said we lost hydraulics and we're going through our emergency checklist and we'll get back to you. the first thing that went through my mind is, this is it. >> reporter: people became sick, says mizer, vomiting as the plane continued to turn and bounce violently in the unstable desert air. >> people were lining up to the bathroom, even though it was jostling. they went up to the bathroom. >> reporter: in spite of the bumps, mizer and fellow passengers say the flight attendants were rock stars. >> one of them said to me, i'm smiling. do i look scared? you don't need to be scared. >> reporter: the aviation experts say the crew did what it was supposed to. >> what you saw was a textbook answer to what ultimately happens after the training comes into play and the results are most satisfactory.
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>> reporter: for four hours it circled l.a., burning fuel to is could safely land. once on the ground passengers deplaned and another plane was flown in to fly them to new york. while the ordeal was terrifying, jetblue says at no time was there a total loss of hydraulics. these planes are designed with double, triple redundancy. the idea, when one set fails, there are others to make sure the plane is completely operable. >> jim axelrod, thanks. not exactly what you want to experience in the air. this morning america's biggest pizza chains are starting a big fight with government regulators. as jeff glor reports, lobbyists went to capitol hill to deliver a message about proposed nutrition rules. >> reporter: watching the cheese bubble on a fresh, hot pizza, it can be hard to resist, and most of us don't. 3 billion pizzas are sold in the
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u.s. eacher year. >> pizza is one of the top ten leading sources of calories in the american diets. >> reporter: and the food and drug administration wants consumers to know that. as part of the health care bill, restaurant chains with more than 20 stores will be required to post calorie content right on their menu boards. the pizza industry says that is not a recipe that works for them. >> there are 34 million different ways that you can make a pizza. and that's an actual number. we did the math. and you can't really calorie label that on a menu board. >> reporter: it is true different combinations of toppings and crust can drastically change the calorie content of a pizza. just look at this domino's menu in new york city where calorie count have been required since 2008. you can see the wide range a single pie can have. >> the idea that the range of calories is so great it's meaningless, i don't think holds any water or mozzarella cheese at all, because it at least gives you a ballpark figure.
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>> reporter: americans consume on average 2.1 slices of pizza per serving. there's another issue here. unlike in most chain restaurants, many people order pizza online or by the phone, which means they never see the menu board in the first place. spokes people for the pizza industry insist they are not trying to avoid calorie labeling all together. >> we're offering to do this online and in hand-held menus that would be in the stores. >> reporter: so far there's not much evidence whether posting calorie counts affects consumers' decisions. no matter what gets posted, it might be tough to break our love affair with the simple guilty beauty of cheese, sauce and dough. for "cbs this morning," i'm jeff glor, new york. >> yum. >> yum, yum. >> in many way, the pizza is the perfect food. you have your vegetables, dairy, a grain. maybe throw in extra protein. >> and no downside.
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>> everything in moderation. >> all right. fire crews are finally making progress against a massive colorado wildfire. but why do wildfires seem to be bigger than ever these days and so tough to fight? we'll get you some answers on "cbs this morning." ( bell rings ) they remind me so much of my grandkids. i've been thinking about moving in with my daughter and her family. it's been pretty tough since jack passed away. it's a good thing you had life insurance through the colonial penn program. you're right. it was affordable, and we were guaranteed acceptance. guaranteed acceptance? it means you can't be turned down because of your health. you don't have to take a physical or answer any health questions. well, how do you know? did you speak to alex trebek? because i have a policy myself. it costs just $9.95 a month per unit.
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upstream or risk losing the entire dam. already, dozens of vehicles are trapped in flooded parking lots. >> i was in the back right-hand seat. >> reporter: but college student nick webber's story is among the most frightening. a passenger in his brother's car when suddenly they were swallowed up by a giant sink hole. >> you know, the whole road everywhere, water was gushing everywhere. and when we came, it looked like the rest of the road. obviously, we didn't see it or we wouldn't have drove in it. >> reporter: absolutely amazing story there. later on this morning, minnesota governor mark dayton will be up here in duluth touring the damage to look at it, surveying it, talking with city officials. they'll also be seeking a federal disaster declaration to tens of millions of dollars in infrastructure damage alone. erica, charlie. the hyde park wildfire in northern colorado has been rages for nearly two weeks. it had 50% contained, but hot
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dry weather has been an obstacle for firefighters. >> forecasters say temperatures will rise again over the weekend. brick salinger of or denver station, cbs 4, is watching what is now the most destructive fire in colorado history. >> reporter: this is what firefighters in colorado have been up against. high winds, hot weather, and dry timber, fuelling the blaze that started 12 days ago. earlier this week, the men and women on the frontlines were warned that mother nature remains unpredictable. >> don't get too crazy getting up in there right away. make a plan. >> reporter: cooler temperatures are giving ground forces the upper hand with more evacuees allowed back in their homes. >> we have an opportunity with this weather condition to start getting some lines, start getting some more containment in key portions of the fire. >> of course, things can change, and that optimistic outlike could change as well. >> reporter: temperatures are expected to hit the high 90s this weekend. and with the heat comes the
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threat this fire could grow even larger. for "cbs this morning," i'm rick salinger in denver. every year, there are forest fires in the west, but now they seem to be bigger and more frequent than ever. with us in studio 57, is our cbs news science and environmental contributor and lead scientist at the nature conservsancy. good morning. >> good morning. >> this is unusual. >> it is. very unusual. there's a recent study that was done by the university of arizona and southern methodist university. they looked at 1,500 years of fire patterns, looking at tree rings to determine what happened in the past. and they say that megafires are becoming a new normal, and we haven't seen them before. >> and what causes them? >> that's a trickier question. probably three things. change in temperature. long-term fire prevention. you know, the smokey the beer said don't start forest fires. well, there's good fires and bad
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fires. and we have suppressed the good fires, which means when the bad fires happen, they become huge. they explode. and then the beetle. a little beetle that is now spreading in west. and as you go out to colorado or montana or new mexico, you'll see many, many trees dead because of those beetles. >> you mentioned in there the good fires. this is actually part of nature's process for there to be some naturally occurring fires. do we still have those when we need them? >> we do, but those tend to be controlled burns. so the u.s. forest service and nature conservsancy and lots of other grooves do the controlled fires, but they're harder to do today. people don't like to have the smoke in the areas with these light fires. and we are very aggressive at stopping the small ones. >> what do we do now? how do we get a handle on this direction that we're headed? >> probably do again three things, i think. the first thing we need to do is really have the u.s. forest service increase its budget for forest management. right now it's the exact season to do that kind of conversation.
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the second is people need to understand they need to create defensive areas around their homes example the third is we have to worry about long-term climate change because it is going to make these megafires a common occurrence in the future. >> tell me one more time about the beetle. >> right. so there's a little beetle. and in normal healthy
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big for big day for prince william. he turns the big 3-0, which means there's a big inheritance coming his way. not the crown, not yet. we'll take to you london this morning for a look at how the future king plans to celebrate his milestone birthday just ahead. stay with us. now, there's gentle, dependable constipation relief for me...
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>> take whatever you can from whomever you can. >> guess what? i made a lot of money. >> we can't do it. we can't do it. >> but america is just another place on the map for the flag. >> i declare i'm a total bumbling idiot. >> guess who's going to pay that? not me. i'm gone. >> forget about your [ bleep ] dignity. forget about all that stuff. >> if you've got a shirt on, as the guys in the rooms do and gals have tops, i guess you call them. >> i don't quite get this. >> i'm not familiar precisely with exactly i said but i stand by what i said whatever it was i said. >> i'm so ashamed. i am so ashamed. >> lovely monday ttage, wasn't ? >> yes. quite an outpouring of sympathy for a grandmother abused by students on a school bus. there's a video of them bullying
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for ten minutes on youtube, they call her poor, fat, suicide and now reaction is brewing and you'll hear from her just ahead. >> announcer: this portion of "cbs this morning" sponsored by hotels.com. finding you the perfect place is all we do. all we do. e is this summer, save up to 30%, plus get up to $100 on us. welcome to hotels.com. it's my turn. mac 'n cheese... mashed potatoes and gravy! mac 'n cheese. mashed potatoes and gravy what are you doing? what are you doing? mac 'n cheese! should we tell em we got two free sides? and miss this? say "mashed potatoes!" never! [ male announcer ] buy any kfc 10 pc meal or larger and we'll throw in 2 more large sides, free. that's 2 extra sides of your choice and one happy family. today tastes so good.
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>> time now is 756. a young woman is dead after a fire swept through a home in berkeley early this morning. the two alarm fire was on marina street. engineers in san francisco will go into pier 29 today to decide whether the structure is strong enough to stand. nobody was hurt in yesterday's fire. day two of testimony in the trial of william lynch, who is charged with beating a priest at a loss status retirement home. lynch says what and when he was a c,,,,
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[ banker ] mike and brenda found a house that they really wanted. it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the street from her sister. [ banker ] but someone else bought it before they could get their offer together. we really missed a great opportunity -- dodged a bullet there. [ banker ] so we talked to them about the wells fargo priority buyer preapproval. it lets people know that you are a serious buyer because you've been credit-approved. we got everything in order so that we can move on the next place we found. which was clear on the other side of town. [ male announcer ] wells fargo. with you when you're ready to move.
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>> we still have the traffic alert in effect for the bay bridge. there was an accident on the upper deck around treasure island. they had several lanes blocked off on the upper deck but now orleans are back open. it is still jammed up solid through the mcarthur maze as the they're saying they will issue that traffic alert for at least another half hour. a quick look at the san mateo bridge, an accident approaching the toll plaza. >> low clouds and fog around the bay area. if you are headed out the door going to the beach, it will be cold. drizzle at the coast line also. temperatures running in the fifties. by the afternoon it will not be much warmer at,,,,,,,,,,
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you were talking about swimsuit season, correct? and for me, i notice i've been trying to diet and lost so much weight -- [ cheers and applause ] no, but i want to say, the problem is none might have clothes fit me. so if you put your hands in your pockets, your pants come down. you can see how i go to any lengths to change the subject. >> now i'm thinking, should i take my pants off? [ cheers and applause ] ♪ >> i'm coming over there. let me -- let me pull my pants up. >> it's 8:00. welcome back to "cbs this morning" i'm charlie rose. o hear.
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monitor is the target of brutal taunting from middle school students. all hear from her this morning and also we'll tell you about an online charity effort that is really paying off. that's ahead on "cbs this morning." yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today.
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my brother doesn't look like a heart attack patient. i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i'm a fighter and now i don't have that fear. ♪ nespresso. where there's a grand cru to match my every mood. ♪ where just one touch creates the perfect cup. where no one makes a better cappuccino, latte, or espresso than me. and where clothing is optional. nespresso. the best cafe. yours.
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the two men barely looked at each other. >> they did not sit very close together. >> they were not making eye contact. >> you didn't see any smiles. >> they could not have been more far apart physically. >> putin leaned away. >> media reports describe their demeanor as chilly, like a cold moscow winter. [ laughter ] >> obama looked nervous and vladimir drank only water. is this couple on the outs or are they expecting a baby! >> much to do about nothing. >> perhaps. in a small town in western new york this morning, people are rallying around a 68-year-old grandmother who was bullied on a school bus. >> as terrell brown reports, the incident was captured on video and quickly went viral. terrell, good morning. >> good morning to you both. the video shows middle school
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students verbally tormenting their bus monitor. mocked the woman about her age and weight, repeatedly poke her, even ask if she has an std. in the end, though, she may have the last laugh. >> you're so old. you're so old. >> this video posted on youtube showing students viciously taunting and is even threatening their bus monitor instantly went viral, outraging viewers across the country. the students are from greece, new york near rochester. all are between 12 and 13 years old. >> sherry -- are you sweating? >> why is there water on your face? >> i'm crying. >> unless you have something nice to say, don't say anything at all. >> karen kline, who drove a bus for 20 years, kept her cool. when she told wroc, our rochester affiliate, one remark
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in particular really hurt. >> something about me being so -- your kids should suicide. i don't think they knew he had. >> my kid did. >> i wanted to punch him is what i wanted to do. so that's why i stayed laid back and just tried to ignore it. because i really wanted to hurt them. you know? you can't do that. >> a shocked community rallied around karen. a family friend started a fund to send her on vacation with a modest goal of $5,000. but wednesday, as word spread online, the fund exploded. this morning, it's raised more than $110,000, and is still growing. >> and police are now investigating. kline says she doesn't want the kids to be criminally charged but wouldn't mind seeing them
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grounded all summer and if nothing else, just wants a simple apology. >> terrell, you it. thank you. >> so disturbing. of i don't know what i would do if my kids spoke that way. let's hope they learn a lesson from this one. >> i know what you would do. >> i would call in the big guns, say charlie rose is here and he wants to have a word with you. >> a talk. >> exactly. time for this morning's "health watch." here is dr. holly phillips. >> good morning. in today's "healthwatch," general sending may help reduce fatigue. it reduces tiredness that often comes from cancer treatments. researchers studied 350 patients being treated for cancer or completed treatments. at the start, everyone was asked to rate their level of fatigue on a 100-point scale and half were given a placebo and the
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other half given capsules containing 2,000 milligrams of pure american ginseng. after eight weeks, 20 points improvement in the ginseng group. doctors caution not to self p prescribe, because it can interfere with cancer therapists. it's been a natural energy booster and now modern medicine seems to be catching up with what ancient practices have known all along. i'm dr. hollow phillips. >> cbs "healthwatch" sponsored by citrical. it's the only calcium supplement that can be taken with or without food. that's why my doctor recommends citracal maximum. it's all about absorption.
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thought, you know what, maybe it's the hormones. >> so john coates quit to become a neuroscientist and then tested his theory that body chemistry plays a role in the moving marke markets. john coates joins us. welcome. >> thank you. >> buy did you want to do this? >> i was running a trading desk on wall street. >> why were you doing that? >> just to make money. just to make money. no other reason. although i did have a background in economics and the spark had gone out. i no longer thought i was splining the markets. when i was trading and taking large financial risks and observing my colleagues doing the same, i realized this was a profoundly physical activity. economics usually assumes that financial risk taking is a purely intellectual activity. you know, rational minds. but your body is so completely wrapped up in the event that it i began thinking that the body
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was more intimately involved in what was going on in wall street than anyone really accounted for. so, i worked on a hypothesis and went back to cambridge to try to test it. >> and did training in neuroscience? >> yes. >> you found out hormones were playing what role? >> i started this research at a time when everyone was trying to figure out what irrational exuberance was and now i think we're more concerned with irrational pessimism. we were looking, you know, generally how the body can produce these -- these pathologies in risk taking. we started out looking at hormones. recently we looked more into the nervous system. we hook up traders with various electronic monitors. we take hormone samples throughout the course of the day. >> you're basically looking at some conclusion that it is not just some academic analysis of market, market trends and all that economic analysis. it has a lot to do with the behavioral aspects of a person doing the trading? >> yeah. it has to do with how their body
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gears up for taking risks. i mean, we're built -- you can't separate our brain from our body. they both act as a single functional unit when we take risks. and when -- so, when you take risks, you know, your blood pressure increases, your immune system stands on high alert. whole bodywide reaction to the risk. under some circumstances that can cause your risk taking to become pathological. >> what's the winner effect? >> it's the model we originally tested. it's a very robust finding from animal behavior in which an animal that's just won a fight is more likely to win the next fight he goes into. it's been robustly tested in a number of species. they wondered what was driving it. they eventually found out that what happens, when animals go into a fight, testosterone levels rise. this prepares them for the competition. gives them lean muscle mass, hemoglobin to carry oxygen and increases their appetite for risk. the competition comes out with
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higher levels of testosterone and goes into the next round of competition with an edge. wins again and you get this positive feedback loop. after a while, unfortunately, in this winner effect, is the testosterone levels rise. the risk taking becomes -- you take too much risk with bad risk/reward tradeoffs. i thought that describes perfectly what happens to a trader when they're on a winning streak. >> you found it was, in fact, the testosterone and cortisol that impacted it here up. looked mainly at men. >> yeah. >> what about women, though. this is a male-dominated field on wall street or does it affect women in the same way because we have different hormones? >> not only women, older men as well. men and women have different pathologies but it looks like we're right, that the biology is shifting risk preferences -- appetite for risk on wall street systematically so we're taking too much risk in bull markets and too risk in the crash that
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one way of dealing with that source of instability is to have more women and older men managing money. >> because? >> for one thing women have much lesser testosterone levels than young men so they may be less prone to the winner effect. during a crash, they have -- women at any rate have the same levels of stress hormones but they react slightly differently to different events. >> didn't i read somewhere, correct me if i'm wrong, traders were taking testosterone supplements? crazy? >> nutso. it's like building a sports car that, you know, is constantly on full speed but doesn't have a brake. >> so if, in fact, people knew what you know now, cue coo we have avoided some of the financial disasters? >> i think so. we've got to stop looking at traders as computers. risk management in the banks right now take sort of statistical snapshots of the positions in the bank, but those
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>> time for some news headlines, a deadly fire broke out at a multilevel home in berkeley this morning around 230 on marina street. a young woman was pulled from the third floor and it but did not survive. two other people were injured, one with smoke inhalation and the other with minor burns. a fire burned a home in santa clara county shortly before 3:00 this morning tuition ave. firefighters found the home engulfed in flames. a battle that from outside because it was too dangerous to go inside.
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>> we still have a long line of cars at the bay bridge toll plaza. traffic alert is still in effect after an early morning crash on the upper deck. lane's have cleared and for a short time three lanes were blocked. they issued the traffic alert to deal with all the residual delays. there is a report of a stall in the same area. they just cleared the scene of an accident northbound 101 right by 880 and it is actually pretty slow. >> much cooler weather around the bay area today. low clouds and fog have come on shore. it will be cool and wet outside at the beach. we see high is much cooler around the bay area starting out in the fifties and mainly in the fifties towards the coast in the afternoon. mid-70s in the warmer spots in
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>> good morning. it is 855. a woman was killed in an early- morning fire today in berkeley that started about 230 in a three story house on marina street. the young one man was found in the third floor attic and pronounced dead at the scene. a fire tore through a house in santa clara county, it broke out shortly before 3:00 on constitution avenue. firefighters found a home engulfed in flames. battle the fire defensively from the outside. to residents got out safely before firefighters arrived.
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structural engineers will try to determine whether a building that burned on the embarcadero is in danger of collapsing. the front of pier 29 suffered the worst damage yesterday. the pier was being prepared for use during the america's cup next year. >> so much for summer, we are back into the cool weather. even some drizzle showing up at the coastline. a little bit breezy as well, so as we had to repeat the day today, the trough is dropping in from the gulf of alaska and it will bring a cooler air today and in the days ahead. mostly sunny skies inland. '60s and '70s around the bay. patchy fog lingering in the afternoon. traffic is coming up next.
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>> let's head on out towards the east bay. eastbound lanes of highway 4 in martinas, there is a car fire and they have had to temporarily block the eastbound lanes in order to clear it. elsewhere along the peninsula, southbound 101 at poplar ave. the second accident in the morning in that same area. we will take a quick look outside at the nimitz, the northbound lanes are very slow as you head towards downtown
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