tv MSNBC News Live MSNBC November 13, 2010 11:00am-12:00pm EST
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i had not one ounce of remorse. it could have all been prevented. >> wow. a killer's cold comments. how could he justify committing a horrific murder and advocate more killings? a stunning courtroom drama. that is all coming up. plus touchy feely or hands off? which of the new airport screening methods keeps us safer? also the first flakes. winter arrives with a wallop. we've got a live report coming up on that. snapple's made with healthy green tea. are you familiar with tea? >> yeah, we're from china. worry familiar with tea. >> and spots on pond das. why commercialmakers are taking to pandas like never before. good morning. i'm alex witt. it is just past 11:00 on the east coast, 8:00 out west. president obama is in japan
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on the final leg of his ten-day tour. world leaders are gathered for an economic forum near tokyo. the president outlined his goal of putting americans back to work. >> in this region, the united states sees a huge opportunity to increase our exports in some of the fastest growing markets in the world. for america, this is a jobs strategy. because for every $1 billion we sell in exports, 5,000 jobs are supported at home. >> today's meeting follows a trip where the president failed to secure a trade deal with that longtime ally. mike viqueira is live with us. the president heads back to the u.s. tomorrow. what is the big takeaway from this overseas trip? >> reporter: a couple of things are clear here. one is that the international, economic and political landscape is shifting, but the united states is still the indispensable nation, the preeminent power looked upon to settle disputes.
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you start with that south korea free trade agreement that the white house and officials leading up to that visit to south korea had ballyhooed as a breakthrough. they really expected to sign that. once they got to south korea, they were unable to come to an agreement specifically on beef exports and imports as well as cars. there are many south korean cars on u.s. streets, hyundais and the like, but the same cannot be said for u.s. cars in south korea. those disputes continue on. they'll continue those gosh yaegss. look at united states relations with china. at that g-20 meeting president obama had looked for hard targets to try to even out the playing field and specifically with regard to chinese currency. he says it is undervalued. he says the chinese government intentionally keeps it undervalued really hitting china hard but unable to get the other g-20 nations on board as much as he would like. having said that, the president said the trip was a success. and there was a certain successful flavor to it, particularly the first stops in
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india there. the president asked about the relationship that india has with pakistan. there were those great pictures of the president and the first lady dancing with the traditional students there, practicing the traditional indian culture dances. the president returns here tomorrow, sunday afternoon. doesn't get any easier, but that lame duck congress starting on monday. >> and mike, real quick, the coming week for the president holds what in store? >> that's right. congress is coming back. on thursday, going to be a big day. republicans resurgent, going to be taking over for the time being. one last hurrah for the house of representatives. all the leaders, house, senate, democrat, republican, here at the white house for a meeting, then brings them upstairs to the residence for a little dinner. on the table, the only issue that's going to be resolved if indeed it will be resolved, is extending the bush era tax cuts. the president said time and time again he didn't want them
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extended for the wealthy. now they're signaling at the white house that he'll accept a temporary extension. the question is will republicans accept that and will the left accept that in the president is getting it on both sides on that issue. >> mike viqueira, thanks, mike. one of the world's most prominent political prisoners has been freed after 7 1/2 years of house arrest. hundreds of protesters met au s san suu kyi at the gates of her compound. taliban insurgents tried to blow up a major nato base in afghanistan early this morning but the attack failed. six insurgents died in the attacks and the government spokesman says two were wearing explosive vests. the attackers tried to storm a base and airport in jalalabad. no nato troops died in the attempted attack. the first major snowstorm of
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the season is under way right now in minnesota. kids in the twin cities aren't wasting any time enjoying it. it is expected to dump snow from iowa up to wisconsin. let's get more on that. we head to meteorologist bill karins with a good frosty morning if you're in the middle of the country. >> these beginning of the season snow storms, usually a heavy, wet snow. if you get too much, it brings down tree branches and then you get power outages. that's what we have reported in southern minnesota and northern iowa. ten inches of snow near mankato. the snow is so heavy, it is bringing down some of the limbs. minneapolis reports around 4 to 5 inches especially on the south side of town. it is still snowing hard there. it will continue for the next couple of hours. notice the green on this map. that's the radar showing you the rain. the white is where it's all snow. so in areas like st. cloud that haven't had a lot, some of that is starting to increase in your area. but the bull's-eye by far is
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from minneapolis to st. cloud to duluth. duluth will get it good over the next hours. the snow will really begin to stick. winter snow warnings continue in the pink shading. marquette, green bay, milwaukee and chicago, this is not your turn for snow. you'll have to wait a couple weeks. the heavy snow tonight, that area of pink right up through the heart of minnesota. as far as the weather pattern for the rest of the country, alex was mentioning a big cold air mass behind the storm from the rockies all the way back into the plains. it's really on the eastern seaboard where everyone is so happy. already almost near 60 in boston. we're going to peak today around 60 to 70 degrees everywhere up and down i-95. a little cool out there for our friends in dallas, but as we look towards sunday, no problems. we're looking at a pretty nice day. that is after our snow is done in the midwest. >> thanks for the heads-up for the white, the pink and all the rest. for the first time the vote looks like it's in favor of legalizing medical marijuana in
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the state of arizona, but there are thousands of outstanding ballots still being counted. proposition 203 is ahead by 4,000 votes. it calls for medical marijuana to become legal. 10,000 provisional ballots still have to be counted in maricopa county. the tsa is catching flack over its new ramped up security measures. the body scanners show more detailed pictures of people's bodies under their clothes than a regular x-ray. i mean, a lot of detail there. if you are chosen to go through the screener and you don't want to, then you can opt for a patdown. it all changed with the terror plot from yemen, so now screeners can use their hands and finger to search all over people's bodies. colonel jack jacobs is an msnbc military analyst. do these screenings catch terrorists? >> yes, if the people who are operating them are paying attention.
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and of the two, it's much easier to find bad things on you using the machine than a patdown. patdown relying on human beings to feel through clothing to find a very small amount of explosive. that's not going to work. so if i were a terrorist, i'd stay away from the machine and opt for a patdown. >> are there any threats to be faced so far that these new screening techniques would miss or they catch it all? >> no, no, they can all miss everything. lots of tests of the previous screening system. just the x-ray, testers belonging to department of homeland security would try out the system by putting knives and guns and so on in knapsacks and sending them through just the x-rays. from time to time they were not covered. any system is only as good as the people who are operating it. the people not paying attention. and almost anything can get through. >> that's true. how do the pilots -- do they have to go through these same screening measures?
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considering we're trusting them with a plane and they have their i.d.s and all that. >> that would make sense. yeah, they have to go through the same system. it's often ludicrous. i had have a friend who is a pilot for an airline was car carrying -- early in the days when you couldn't have a pair of fingernail scissors. they took them away from him. you must be crazy. i have a fire ax in the cockpit. i don't need fingernail scissors. they're also collecting tubes of toothpaste larger than 3 ounces but not good at getting things that are really dangerous. the fbi is dealing with another suspected case of political corruption. this one allegedly starts with bribes and ends with almost $80,000 stuffed in a woman's bra. we'll tell you that story. a life lesson some jen ris campers will not forget. if you fight to sleep in the middle of the night,
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so when it comes to taxes, the clock is ticking. congress has until december 31st to decide what to do about the so-called bush era tax cuts. and the big question whether the white house and the gop will reach a compromise about breaks for the richest 2% of americans out there. pat buchanan is the republican strategist and msnbc political analyst and peter fenn is a democratic analyst. and otherwise known as my boys. is president obama really stuck in a corner on this? >> i think he's in a real box. the tax cuts are going to be approved, definitely, for the next two years, i think, for everybody including those making over 250,000. and what the president's going to try to do in a deal, i think, is to say thaafter that, the ta
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cuts for people making over 250,000, they lapse. but the republicans won't go along with it. i think they'll play chicken. and my guess is the president will back down. peter and i were talking, the president's best bet would be to say all the tax cuts for two more years. and after that taxes rise only for those making more than 1 million. the question is will the president stick by that if the republicans say no? and will he veto a bill like that? and i think if he did, he would be held accountable for letting all the tax cuts on january 1. >> you have to stop talking during the commercial breaks here. because i want this saved for us. peter, republicans do not give ground on the extensions for the nation's highest earners. do they risk looking like they're fighting for the rich? >> i think that the democrats have missed the boat on this for the last six months. because here's -- here are the basic facts on it. the amount of revenue that you
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get from a million dollars and over, if that's your cutoff, is 85% of what you would get at the 250 and over. in other words, the 250 to a million doesn't make that much difference in terms of helping reduce our debt. so first of all, make that cutoff, as pat says, at a million. make the republicans vote for the average over millionaire person to get $113,000 in tax cuts every year. >> meaning putting them on record? making the republicans go on record? >> absolutely. and if you structure this so that you extend them on the middle class but you have a vote on that million and over plan, then i think even if they don't pass it, you veto it, then you say to the republicans, okay, folks, you're coming back in in january, you have this big majority. try again. in other words -- and they could
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make it retroactive to december 31st, so there's no magic. we should have done this before the election, no one will the guts to put it up there. >> is that in part, pat, because if the president compromises on this, it's going to tick off the liberals in the democratic party? >> the president's got to compromise on it. as peter says, if he holds to the 250,000 after that you lose your tax cuts, the senate will block that cold. but the $1 million thing is a tougher thing for the senate to say no to if that comes in after 2013. so i agree with peter, the democrats lost an opportunity to do this if they believe their principles and if they believe that the american people will support that, they should have done it before the election and put the republicans on the spot. >> you know, and some of us were pushing this pretty hard, alex. but here's the other issue.
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look, this is $4 trillion all these tax cuts. $4 trillion added to the deficit. you can make the argument that you don't increase taxes on americans during a recession. but the 250 and over is a $700 billion hit. if you do the million over it's 610 billion. you've got a win/win, i think. folk that made a huge amount of money, they can afford this. and it's fair. >> but i think if the tax cuts lapse, i'll tell you this, even temporarily, you will have chaos in the economy. all the withholding schedules, all this other stuff goes into effect. you got the sun ternty on the part of the public. i believe that would be a real disaster. the question is whom would they blame for it? >> right. well, if the fight is over a million, i think the democrats
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and obama are on good ground there, but the key point here, pat, is you got to say, look, we can make this retroactive very easily. you pass it, we'll deal with it. >> who do you think is going to win for this politically speaking. how will this play out? >> the republicans are going to win, because, "a," either the democrats and the senate are going to stay with them, and i don't think they're going to cave. and if the tax cuts expire, they'll be reinstated by a republican house and a more conservative senate, so then they will all be extended. i think the republicans win. >> i think if the president k s caves on a million dollar, the republicans will win. the only way to win this fight is to really draw the distinction in people's minds between a tax break for the middle class. >> it's always about the two of you. i'll tell you that.
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it is beginning to look a lot like a winter wonderland in the twin cities. minnesota's getting hit with the first snow storm of the season. it could be a big one. for more let's go to our minnesota affiliate. lee, good morning. you're at an event where people are actually camping out in this? what's up with that? >> can you believe -- well, they did an overnight sleep out to draw attention to homeless. it looks like base camp at mt. everest, maybe camp three or four with the wind. but they actually camped in these tent last night. these kids are doing this as a fund-raiser. they got their goal of about $8,000. now they're building snow people. because this snow is wet. and it is building some great snow people. however, out on the roads, creating havoc, the ruts in between the lanes are really causing people to lose control. i saw a number of accidents when i was on my way here this morning. but on wednesday, we had record
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highs here in the twin cities, around 70. the average is about 42. now we've got a snowstorm. i was digging boots and mittens and hats out for the kids. everybody searching through all that winter wear that they stored all summer long. >> okay. i think you ought to get a little bonus. but what about this weather in terms of prethanksgiving. is this typical for this era? do you get storms pre-thanksgiving in. >> the amount is eight inches for november. we'll get that today. tomorrow will be the big 20th anniversary of the big halloween storm. who knows if this will stick around by the time thanksgiving gets here. it could. depends on the temperature. we do a lot of skiing, snow building, you got to get out and love it and enjoy it. and try to just bear it on the roads. the roads are what's really tough this morning. >> absolutely. have to be careful with that.
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for cheese when a panda goes violent when his brand of cheese is rejected. >> panda. >> oh, my dposgosh, that was fu. joining me is the author of "the retail guide." >> we're just laughing over here, aren't we? >> no, it's true. you talk about this, you go for a product and its description and the way you present it on television, does humor translate to being effective when it comes to sales? >> absolutely. if you were to ask anybody, they all know the snapple panda commercial. now we know the cheese commercial because it went viral. but like i said in my book, great retail displays interrupt you and make you go, what is
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that? we've all become 5, isn't it? we want to go back. >> and do you see this as being a far better thing than, say, having a person dress up? is a panda animal going to be way more effective than the person? >> i think they're giant, to begin with, and they're rare. so we don't see them every day. not like a dog or something. and it's a blank slate. we can put any personality we want on him. happy and jolly or the "cape fear" panda with de niro. >> when i go home, having dvr'd different shows i want to watch and i zip through, is it something that's now in the forefront of advertisers' minds, what will make people just stop. >> look at the snapple, you have the three pandas sitting there for the whole time. no matter how fast you're going, was that three pandas back there? we do want to look. but there's that facebook, that youtube, where a little
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thumbnail has to intrigue us, too. this has a life outside what it is on the tv. i think it's great. a lot of fun. >> the fact that we take a panda, cuddly, cute, and autos and ahs and to make that into the "cape fear" maniacal panda. is that something that will work with say kittens, puppies? >> people don't all like kittens. pandas, we don't know that much about them, so why not? at the end of the day when you go through and say, where do i want to go or my cheese, that was kind of funny, what was that place? pandas cut across all cultures. you won't get the panda contingent writing in saying, we're misrepresenting us. a safe bet. this will probably go in and out. you won't see pandas for the next year, but right now pandas are hot. >> thanks so much. >> thank you. >> you think the panda commercials are something, check this out. young willow smith has created quite the sensation with her hit single "whip my hair."
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and failed for more than 15 of the last 21 years. six insurgents are dead after they try to storm a nato base in the eastern part of the country. the taliban claimed responsibility. in germany today a zoo fire killed at least 26 animals including shetland ponies, goats and sheep. 100 firefighters battled high winds to keep the fire from spreading. back at home sarah palin's unfavorable rating has reached an all-time high. let's go now to the latest twist in the case of those ten russian spies who were kicked out of the u.s. in june. a new report this week says the mastermind of the whole operation is living right here in the u.s. after defecting from russia. and the russians are reportedly hired a hit man to track him down and take him out. we're live in moscow. good evening to you. what do we know about this alleged double agent and his location? >> reporter: well, alex, everything that we know so far
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is from the report in that newspaper, the russian business daily, very well respected. it doesn't give us a lot of details. it says his name is colonel scherbakov. it doesn't give a last name. it does say he had a number of red flags which should have ticked off his superiors that he may have been a double agent. a daughter living in the states for many years. both of these should have raised questions and disqualified him from working in this program. so far the russian side hasn't confirmed the story. they haven't confirmed that this person has even existed or that he left. but president medvedev said that he is aware of everything going on and that he knew about this from the beginning. sort of a vague confirmation that this story could actually be true. >> right now we're looking at anna chapman who is kind of the front and the face of these ten spies. what has she been doing lately? >> well, she's been trying to
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make a name for herself and become a personality here. we saw her at the opening of a swiss watch boutique just off red square this week. she had a huge spread and was on the cover of russian "maxim"magazine. anna chapman is obviously taking another route and trying to let everyone know exactly who she is. fallout today in des moines, iowa, after a man convicted of killing his wife speaks nout the courtroom with a shoeking statement. as her family talked about their loss, he tried to justify what he did and said he's not sorry at all. the judge said he's never seen anything like it. we have more from inside that courtroom. >> reporter: this is the day theresa anne lynch's family and friends have been waiting for. they filled the courtroom to hear how randy moore would be punished and to give words to their feelings. >> what you did to my daughter was evil, hateful and despicable.
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>> moore kidnapped, raped and murdered his estranged wife. he tried to kill officer todd roland as he responded to the cries for help coming from the couple's apartment. >> 303 adam's been hit. officer down. >> you're evil, hateful, dark and disgusting persona couldn't stand to see her free and happy so he brutally murdered her. >> her gaze did not waver not even when moore interrupted. >> i hope you forever remember the difference between theresa and you. >> you read the journals she wrote, she hated you. you're a loser. >> moore also got the opportunity to address the court for more than ten minutes he tried to justify murdering the mother of his son. >> i have not one ounce of remorse for theresa ann's death. it could have all been prevented. all you had tos do was let me see my kid. now you'll never see her again. >> he did apologize to his family and to the officer. >> you know that day when you were laying behind the police
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car, todd, i could have killed you. i could have shot you 25 times. i chose not to. >> at times those in the courtroom gasped at moore's remarks. >> i hope there's more cases just like this where people who don't want to let their spouse see their kids, i hope it happens more and more. >> i just can't believe what i've heard. but i am really glad you had your right of elocution and you could say everything that you said. because if anybody didn't know what a piece of work you were before you started talking, they know it now. >> the judge ordered moore's three life sentences be served consecutively, a symbolic gesture to underscore the severity of the crime and moore's disregard for the law. >> and this defendant has no remorse whatsoever. the court doesn't allow me to punish you any more than i'm doing now. if i could, i would. >> what a story. isn't that disturbing? moore was convicted of kidnapping his wife from a mall
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parking lot, sexually assaulting her and shooting her in the head. he was also convicted of shooting a des moines police officer in the hand. a maryland county executive and his wife are in police custody today for allegedly taking bribes from real estate developers. the fbi used wire taps to get the couple on tape discussing ways to get rid of evidence. when agents arrived at the couple's home, jack johnson, the husband told his wife to flush a $100,000 check down the toilet and stuff 80,000 in her bra. johnson says he's innocent. so now you can wear bernie madoff's slipper, you can run on his treadmill and even try on his size 40 boxers, all for a price. no thanks so that last one. his possessions are being auctioned off today. a huge range from golf clubs and diamonds to socks and shoes. madoff is behind bars serving 150-year prison sentence for his billion dollar ponzi scheme. a new book peels back the
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royal curtain to reveal perhaps the most famous brothers on the planet. princes william and harry. katie nichol give us an idea on what makes the pair tick in her new book "william and harry" and i spoke with katie earlier this morning. you're dealing with two young men, particularly harry, these are some fun guys. >> that is the whole point of this book. that's why it's called behind the palace walls. we see such a care free calculated constructed image. i partied with these boys. they are great fun. they are good fun. i think it's important that people see the other side to them as well. >> fun? i ran to get my notes. listen to what harry did for his grandmother. >> she got a cell phone, she didn't know how to work it. she asked her grandson if he could record the message. >> here's the message. hey, what's up? this is liz. sorry i'm away from the phone.
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for a hot line to phillip, press one, for charles press two, for the corgis, press three. isn't that a blast? >> with william laughing in the background. it didn't last long, because when the queen's private secretary called up to check that everything was working, he literally fell off his chair. he was like, ma'am, you might want to change that message. >> now, let's get to kate middleton who all the rage is about of late. i remember when they broke up, around easter time, a couple, three years ago. >> that's right. >> i was bummed. i really have liked her. what did she do? what happened to bring her back into the royal relationship? >> the reason they split up is because william was playing the field. he was training at the time. she did not want to be made a fool of. she had waited patiently. so much so that we called her waity katie. she's not a wallflower and she wouldn't tolerate that behaviob. she ended thing. william realized when she stepped out in sexy dresses and went to his favorite nightclubs.
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the message was clear. look at what you're missing. he went running back to her. and we splashed that on the front page. >> they made a deal. >> they made a pact. william took her to this beautiful island. and they made a pact that they were going to stay together, but this would end up in a marriage. so really, they're going to have the last laugh because we are will they, won't they? every time they speculate they've said it another time. but it's going to happen. the wedding will happen in july. >> and katie nicholl's book also talks about the on again off again relationships and how they were attracted to the military. the end of the road for houston's red light cameras comes monday morning. the 70 cameras will be turned off two weeks after voters approved a ban on them.
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from facebook to speeches to cable tv, it's hard to miss sarah palin. the former alaska governor is drawing attention as the 2012 political season starts to take shape. andrea mitchell reports. >> reporter: sarah palin is everywhere, making paid speeches, promoting this weekend's launch of her reality tv show. >> you always wanted to be a rock climber, sarah. >> was it a rock climber or rock star? >> reporter: in the audience for daughter bristol's appearances on "dancing with the stars," sounding off on serious stuff like monetary policy on twitter. today's trade speech tomorrow
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school event to start discussing quantitative easing for their kids future. >> ask your parents if they know what quantitative easing is. >> reporter: but also campaigning against the nanny state. a supposed cookie ban in pennsylvania. >> who should be making the decisions what you eat and school choice and everything else? should it be the government or should it be the parents. >> reporter: except she got it wrong. the state advisory wasn't a ban at all. while portraying herself as a political outsider. >> i'd rather be do this than in some stuffy old political office. >> reporter: palin takes credit for tea party victories in a new video while channeling reagan's campaign theme. >> this is our movement, this is our moment. this is our morning in america. >> she's improved her position substantially over the course of the last two year. if she gets into the race, she really complicates everybody's plans, particularly in iowa, at
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least as of today. hard for me to see how anybody could beat sarah palin in iowa. >> reporter: many think she is running. paving the way this month with another book tour, with stops in early caucus and primary states like awa and south carolina. so despite a new gallup poll showing a majority of americans disapprove of palin, 80% of republicans view her favorably. >> would you like to sing at an inauguration? not necessarily mine. >> reporter: andrea mitchell. if you don't plan on staying home and watching palin's new show, how about a movie? big surprises at the box office. early estimates show "unstoppable" to be popular with moviegoers. it stars denzel washington in a race against the clock to stop an unmanned runaway train. take a look. >> oh, jesus. >> you're going to get us killed. >> hey! [ train horn blows ]
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>> jack! >> oh. joining me now in studio dawn yanek editor request "life & style weekly." >> they're neck and neck right now. each earning $25 million this weekend. it looked like "megamind" was going to dominate. this is kind of unstoppable on its way to the number one spot. of course, it stars some of the "life & style weekly" faves, denzel washington, chris pine, rosario dawson. not the first time that denzel and tony scott did a train movie. they did "the taking of pelham 1, 2, 3" last year. >> can the same be said for "morning glory" that inside look at a producer and love lives on
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a morning television news show? >> if you work in the news or if you are a news show junkie, you will like this movie. it's supercute. rachel mcadams is incredibly lovable. but a little thin. it doesn't really go anywhere. it's cute. it kind of wastes harrison ford and diane keaton who are great talents. >> blockbuster types. >> exactly. it looks like it will come in fifth place behind the new alien movie "sky line" and "due date" which is in its second weekend. >> any doubt that next week's release of "harry potter" "the deathly hallows part one," is that going to come in anything other than number one? >> absolutely not. that will crush all the competition. everybody is so looking forward to this. it premiered in london on thursday. it's coming to the states this coming week. this is a $5.4 billion franchise. people are wondering if this movie is going to break the $1 billion record just for this movie alone. it is not in 3-d, it was maybe
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supposed to be. part two coming out in july will be. >> the first time they split up one of the books. this was a meaty book, this last in the series of seven. reviews on this? >> mixed. mostly good but a few naysayers in the british press. >> does it matter? >> it does i will be one and get your tickets soon. 900 showings are sold out. >> good tip for that. thanks. >> trimming the national debt. it will cost homeowners for the mortgage interest? here on msnbc saturday. [ female announcer ] kids who don't eat breakfast
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reduction is under control. will it stick? ron insana. am i trying to make it special? >> spanish. >> ron insana is a senior analyst so thanks for being here. >> raising the social security retirement age to 68 by 2015, i keep thinking about what's happening in france. the riots there. it's smooth and gradual? >> it's amazing. they are raising it from 60 to 62. god forbid you should work from 60 to 62 and retire from 62 to 90. it's 67 for most people who 15 years from now face retirement. 68 by 2015, if you look at the life spans, if you are 65, you will make 80 something. it's still 13 years on the
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couch. who wants to live that way. you probably rather work until you are 80. >> better health and people are living longer. >> that's a minor thing in the overall scheme. if we raise the age, you have to into account the people who break their back and they should get a break. by and large, 80% of our economy is service-oriented. we can work longer and probably want to. >> do you think we an opposing attitude to the mortgage? >> it is and it isn't. the opponents of the panel's recommendations will find all the things they object to and omit the things that make sense. that is lowering tax rates down to the highest rate being 24% instead of 35%. if you get 11% rate reduction and they eliminate the mortgage
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reduction, that's offsetting and you might be better off. take the tax rates from 6 to 3. 9, 15, and 24%. that's a big tax cut for individuals. they are talking about lowering rates and getting rid of deductions. they are interesting and wise and you have to do something about entitlement and defense spending as well. >> how important is it that we get down the deficit? >> the deficit in the short run is not issue. it's the long-term indebtedness and the unfunded liabilities with social security, medicare and others. the large piece of money that goes to defense spending. those are the areas that account for the lion's share. they need to be addressed. reforming medicare and social security is extraordinarily important, particularly medicare. finding a solution is very, very important in so far as a liability associated with medicare. that's the real problem. interest on the debt is rather
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large so you can't bring that payment down unless you address the other big components. the plan is brilliant and to borrow an expression from chris christie, it's put up or shut up time. the tea party folks and republicans and democrats and whoever they are, they all want it handled and nobody wants to do anything. this will be a real test. >> here will be a test. say goodbye with me. ron insana, goodbye. see you tomorrow morning. [ gasps ] [ rattling ] [ laughing ] [ announcer ] close enough just isn't good enough. - if your car is in an accident, - [ laughing continues ] make sure it's repaired with the right replacement parts. take the scary out of life with travelers. call or click now for an agent or quote.
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