from the mural. from pennsylvania, a lot happening today. first let's talk about this meeting. what we know about paterno. meeting with the players and his staff. >> we know that he met first with his staff, good to talk to you. then as many players as could be assembled. they have classes and tried to pick a time when all those guys could get together and he could talk to them. we're told that he wept openly during that meeting when he told them this would be his last year as a coach at penn state. that's a span that goes across six decades. 61 years he's been involved with the penn state football program. 35. this being the 46th as the head coach here. now, a lot of people say that this was something that was going to happen at the end of this year anyway. you talked about the mural in the downtown area of state college that was being paid over. and a lot of people say that kind of represents the situation that still lingers here. a cover-up. questions about how much did paterno know, when did he know it and why did he not to go

police? why did he not go to parents? instead only going to the supervisor. they say he is the figure head of this university. that he should have done more. so nose are frustrated say that is what they want to know. and frankly, a lot of people, not only those outside the area but a lot of people here wonder should he be on the sidelines or in the press box come this saturday when the nittany lions play their home game here. >> what else is the latest in the investigation? as i mentioned, another person has come forward saying he was abused by sandusky. what do we know about this latest case? >> that's the concern of authorities here. they fear that now that this has been made public, or they're concerned. they don't fear. they're concerned that now that this is made public, we'll hear from a lot more victim. sandusky was supposed to be in court. that hearing pushed back until december 7th as they continue to investigate and try to determine exactly the reach and extent of the damage here. there is a growing concern, like you talked about, that there will be a lot more victims

involved in this. >> all right. jay gray live for us. now let's bring in michael smerconish, you wrote about this. like you, i spent the other night reading the 23-page grand jury report. and was stunned and just boofld so many levels. i think you really captured the moment. you talk about one of the incidents that was in 2002 where an assistant walked into the locker room, the shower area, and he says he saw sandusky with a child having sex with that child. he reported that information to joe paterno. i'll let you pick it up from there and what the grand jury report says. >> let's talk about what he didn't do. he did not immediately intercede. he did not immediately call the police. he did not immediately go out and find other folks in close proximity to seek their assistance. instead he called his own father state.

but i keep drilling down on the fact tha that graduate assistant who today is the receiver's coach for penn state, did not immediately intercede. tamron, imagine if a woman were being raped in an alley and he saw what he saw in this case, and didn't immediately intercede or call the police. there would be a human cry. there needs to be in this instance, too. >> i have that same reaction thinking, while i read the report that this individual walked in. granted, he was a graduate assistant. i cannot put myself in this

person's shoes, walking in to see something like that. but you're right. we asked ourselves, what would we do if we saw a child being sexually assaulted by someone? yes. i'm going to tell you flat out i would think that i would go over and rip that person's head off if i could and save that child. with that said, again, this information according to the report, that graduate assistant called his father. his father told him to call joe paterno. it was the following day they met with joe paterno. this man has had a storied career. has run by all accounts, a clean program. they've not gotten involved in some of the other scandal that's have torn apart university college football programs. and he is revered. so much so, you say the last night. these people were outside of his home cheering him on. and showing him love, if you will. perhaps those people have not read the grand jury report here. but with all of that said, you are an attorney. you are a father.

joe paterno had the information delivered to him in a meeting by that graduate assistant, who as you point out, should be answering more questions. what should joe paterno have done after that? >> that i think it is not a circumstance where you're in a work place and someone has taken the toner cartridge. so you report it to your next in line and you've discharged your responsibility. my standard is, when there's a victimization going on here of children, you have a duty. and i don't mean legal. i mean as a human. you have an absolute responsibility to make sure that law enforcement has been contacted. now there appears to be a factual dispute in terms of what paterno claims he was actually told by the graduate assistant. if i look at what his grand jury testimony was, by joe paterno's account, he was told this guy, the coach had been seen, quote, fonding or doing something of a sexual nature.

he had an affirmative responsibility to make sure the police were called. >> according to the information no, one attempted to find out the identity of the boy at that time, michael. >> it's horrific. it remind me of what we've all seen in the church. this same passing of the buck and trusting the institution, more than looking out for the '50s themselves. sf we're out of time but our gut check question, should joe paterno leave before the end of the season. >> yes. >> thank you all. i talked with former philadelphia eagles star al chesley and he now advocates for children's rights. now tonight's debate is being called other the have the elimination round. tonight is the ninth debate and it airs on cnbc. the topic, the economy.

herman cain's rivals could go on the attack over his sexual harassment allegations. nbc news political director chuck todd joins me now. we've heard a lot about the other candidates not wanting to go after herman cain too hard in that they might need his supporters later on down the road. chris cillizza was on with andrea mitchell and he believes someone might take that opening. >> i think it is a danger to do it if you're one of the guys that is not named mitt romney. because right now, cain's supporters seem to be as defiant as cain himself is on this. if it looks like you're siding with the political elite or if you're a cain supporter and you believe it this combination of the media and political elite out to get him and you pounce on that as a fellow republican, it is one of those things that you could get punished by these supporters. but at the same time, when you're rick perry and you're a night gingrich, you're trying make this leap into the first

tier and be the next not mitt romney to take on mitt romney, you need cain supporters. a delicate balance. it could turn into one of these political suicide deals. he went after bachmann and they both went down. it hurt him and then it helped somebody he will. >> so are the candidates concerned, if you will, the air will be sucked out of the room by this herman cain sexual harassment allegations and they will not be able to talk about the economy and at least their plans or take the tough questions on the economy? >> well, this is a delicate balance for the organizers of the debate. for the folks at cnbc, our colleagues over there. we all know the elephant in the room. at the same time, you have these great folks at cnbc who know the european debt crisis a lot better than you or i. they can go three, four levels deep on this. and it is an interesting time for them to be grilling them

think of the old murder boards at schools. grilling them on what do they know about this? going a level deeper on housing that we haven't seen before. so in that sense, and i know that they see, they know what you have to ask out there on certain things. for herman cain, it is a leadership question. how you're dealing with this crisis. your defiance, at this point it does fall into that aspect of it. >> live for us, it should be an interesting combination of thing with the economy and things happening with herman cain. it will be at oakland university. watch your money, your vote. on cnbc at 8:00. a short time ago we received an update on a joint news conference that may involve all four women accusing herman cain of sexual harassment. the attorney representing karen

kraushaar says it will likely happen in a matter of days. she was a spokeswoman for the inspector general office. she reportedly received a $45,000 settlement in her complaint against cain. >> we are in the process of trying to get the other women who have either filed complaints glens cain or alleged sexual harassment by him to cooperate in a joint press conference. my client or i will be contacting the other women today to see if they want to participate. >> i'm now by sexual harassment attorney deborah katz. thank you so much for joining me. so deborah, let me get your thoughts on this strategy of having all the women together at one news conference. we've heard from one woman already this week and read reports from the others. what does this strategy do to have all of them in one place? >> well, i think what it does is it provides a face to these

women. it makes it more difficult for mr. cain to simply say that this is a witch hunt. this is all fabricated. this is all made up. when people come forward and they have very specific detailed allegations, it makes what they have to say more credible. >> but might it be seen also, if people believe herman cain, that they're gang up on him? they're trying to make this a media spectacle by all being there, obviously, with the lights, camera, action, being present as well? >> well, it clearly does run a risk of turning into something that looks circus like. in the beginning, none of these women wanted to come forward and none of them did come forward. until mr. cain categorically said that these women were tarnishing -- were making this up. these were trumped up allegations. this was a witch hunt and i think he threw down the gauntlet. he said may behavior is beyond reproach. when he did that, some would put

the burden on these women to come forward and say, no, we're telling the truth. there's something here that's very important for the public to know since this man is running for the president of the united states. >> even given the more graphic details that we learned in one of the alleged situations, we've heard so much already. what more can these women say gelt? is it ball the visual? >> we don't know about some of the allegations. we know about miss bialek. we know she has alleged that there was a sexual battery in effect. he put his hand under her skirt and tried grab her genitals. we know from her statement that he tried to force her to perform oral sex. but as for the other women, mr. cain himself has tried to write it off and say all i said was, you're the same height as my wife. we don't really know what those

allegations and details are. we do know that mr. bennett said that his client had similar allegations to the ones that were made public this week. >> all right. thank you so much for joining us. we will see what the next move is in this situation. thank you. >> thanks for having me. we're following breaking news. the dow has now dropped nearly 400 points. you see it there, down 375 points. we'll get an update. ment? plus defense secretary's, the shocking allegations were revealed yesterday. we've got latest. plus, what caused tea party congressman joe walsh to have a screaming fit in a bar? >> what created this mess is your government -- >> we'll have more on this

tirade and details on what set him off. plus, could it be true? researcher say they've discovered a new drug that will help you lose weight, get this, yes, i know you've heard it before, without dieting or exercising. we'll take closer look. people are excited about it. a couple of you have said that medicine is probably not real. we'll find out. [ male announcer ] our nation's veterans are real-life heroes. but when they come home, they don't want a parade; they want a job. the postal service employs more veterans than any other civilian employer. but congress is debating a bill that would force the postal service to fire tens of thousands of vets, close post offices, shut mail processing plants, and disrupt mail delivery. drastic cuts won't fix the postal service and aren't needed. tell your representative to vote "no" on house resolution 2309. it's time to deliver for our veterans -- and america. who needs internet? hotspot $5!

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he has been promising he needs to speed up austerity measures to get italy's debt under control. and concerns over italy sent stock plunging worldwide. the dow is down more than 300 points earlier. right now it is down 375 points. for some perspective on what's happening know sue herrera, co-anchor, is this all about italy? >> it really is. the reason is because italy is one of, if not arguably the biggest economy in europe. and if they cannot put in place some austerity measures, some new budget plans, basically get the financial and fiscal house in order, the market is extremely worried that they will default. that would have a ripple effect across all of europe. it is also complicated by the fact a lot of major banks in europe, specifically in france, hold a lot of italy's debt. and so as a result of that, it is not just italy that's having trouble. it is all of the financial stocks across the continent. that has added to wall street's

worries. as a matter of fact, we see a lot of pressure in our own financials. the market is worried that there is going to be a contagion or a domino effect, if you will, if italy continues to have problems. >> the domino effect, many would say that it was seen to be coming our way or the way of italy, i should say. that we were watching greece, and italy could be next. >> yes, indeexd i think the market was hoping when mr. berlusconi said that he would resign, yesterday we saw a sigh of relief in the market. then the problem was that he said yes, i will resign but after we get the budget put in place. and they have not even brought those budget measures to a vote. so now the market is coming to the realization that it may be some time, several week before mr. berlusconi steps down. if that is the case, an you have a lot of uncertainty remains. at our low we were off 404

points. >> when we started speaking with you, it was down 375. now down 381 points. all right. thank you very much for the update. several lawmakers are calling for a congressional action after federal investigation uncovered, quote, gross mismanagement of remains at dover air force base mortuary. the air force revealed yesterday that three mortuary supervisors had been punished but no one fired after worker twice lost track of body parts of u.s. troops killed in afghanistan. unbelievable. a separate federal investigation shows many of the mortuary's problems have not been addressed. a spokesperson for the defense secretary leon panetta said disciplinary action beyond what the air force has already taken is possible. incredible video. one of the biggest storms in alaska's history pounding that state. hurricane force winds, huge waves, blizzard conditions.

we'll get what's being called an epic storm for alaska. plus the white house is weighing in. it would have brought unprecedented abortion restrictions to that state. and this just in. eddie murphy will not host the oscars. we'll tell you what's happening behind the scenes. what's better than gold ?

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? why should we be excited? their these people have applied to the fda for permission to try it on human. there are a group of researchers in houston who have been studying blood supply to cancer. and they discovered this specific blood supply to fat cells and learned how to cut it off with this drug. the fat cells just die. so the first thing they did was they did it in mice. standard procedure. a lot of things work well on mice. then they gave it to monkeys. the monkies lost on average of 11% of their body fat in 28 days. >> incredible. >> incredible. and these were monkeys that were not bred to be fat. they were just couch potatoes from the monkey colony. the ones that sat around and ate a lot and didn't exercise. so a very good model of human obesity, or overweight. they gave them this drug and they lost that much weight. >> this is not a pill. people associate diet pills. this is a drug that would be injected. >> a protein. at this point, if it were used it would be a daily injection

which of course -- i'll till, one of the thing these researchers tell me to the one, everybody who is working on this project said when can i sign up? where do i get it? there are a lot of hurdles. this has to work in humans and it has to be shown to be safe in humans. and until that happens, it is not going to be available anywhere. >> that could be a long while. >> i think these human trials will start within a year. >> really! >> yeah. and we'll get some answers. this could be really significant. it's important though, that when these same monkeys went off the drug they gained the weight back. so -- >> you would be on the drug forever. >> you couldn't be on it forever. at best, it would probably kick start you to use what everybody hates to hear, but diet and exercise. >> so you would end up where you're supposed to be anyway. >> we know a lot of people have trouble getting there. >> we certainly do. very interesting. i know you'll have much more on that. still ahead, a stunning

number of americans wounded veterans say the government did not give them the help they needed. you've got details on a disturbing new report on our vets. plus, what ohio's republican governor is saying about last night's huge victory for unions and democrats in his state. [ female announcer ] from the moment we arrive... we don't want anything to slow us down so it's surprising that most women aren't getting enough calcium. with over 25 flavors, yoplait original gives you 50% of the daily value of calcium in every cup. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create

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it's in indianapolis. [ morgan ] use your visa card and you could win a trip to super bowl xlvi for you and ten friends. more fans go with visa. ready to resign, penn state head coach joe paterno says he'll step down at the end of the season. should he go now? talk to former eagles star al chessley who is a victim of sex abuse as a child. in a new study, more than half the wounded vets say the government did not give them all the help they needed. >> they moved from goldman sachs to the white house. i understand all that. >> what led to congressman joe walsh's confront wags a could not is it the went? interesting video to show you. plus, the oscar shake-up with eddie murphy, announces he will

not host the show. actor producer brett ratner is booted. and we continue following the sex abuse scandal at penn state university. legendary football coach joe paterno announced he will retire at the end of the season which could be just two and a half weeks from now. paterno has been under fire for a lapse of, quote, moral responsibility for not doing more to stop his former assistant coach jerry sandusky, the graduate assistant in 2002 after allegedly seeing sandusky molesting a 10-year-old boy in the shower at penn state. now a nine alleged victim of sandusky has come forward. now al chessley who played college football at the university of pittsburgh and was abused as a child himself. thank you for joining us. >> my pleasure to be here. >> let me get your reaction. you've got the grand jury report.

we know the allegations. what is your reaction? at least to the grand jury believing that, a, university officials tried to cover up and perjure themselves and b, that others knew what was going on with these children? >> well, first of all i would like to say that i'm a spokesperson for the national center for victims of crime. and we see this more often than not. it's a travesty and atrocity, what has happened at penn state. as i said, this is not new to me. it may be new to the world. it is evident that this goes on in institutions cover up the most horrific crime possible. as you stated, i was abused as a 13-year-old. and it is devastating. for officials that are trusted servants to do that, it is just morally, legally wrong. it is just the worst crime. you murdered a kid. and for him to continue to do what he's been doing and it

wasn't the first time that he was caught. the allegations are just mind blowing. you couldn't think that could go on at a university such as penn state or any university. that's why we have to have the ncaa step up their efforts to interview people and screen them better and in this case it was clear. the writing was on the wall and they didn't do anything. >> for his part, jerry sandusky maintains his innocence, as do the other school officials who have been charged with perjury. when you first told what happened to you, you said i just wanted to free myself. we talked so much about joe paterno. that's one part of story. the greater part are these children are now coming out saying then abused. in the case, at least two instances, people witnessed the children being abused. i cannot imagine the child who was in that shower and the assistant coach says that he believed sandusky and the child

saw him witness what happened there. to feel so alone. michael smerconish was on our show, says how does a child feel when they know someone is seeing what happened here and no action was taken. >> that goes to show that when someone that has the authority, the kids have trusted, usual lay parent or someone knows that they're with that person. and they've given them the permission to be with that person. so they co-sign what the perpetrator does. not knowingly, of course, the parents are innocent. they didn't know what was going on. in these kids' cases, they have the ability to take advantage of them to tell them, to lure them there and groom them with football promises or gifts or whatever. in my case, that's what happened. in my case it was a d.c. police officer. and he was an entrusted guy. he hung around the football

fields and that's what goes on. in institutions such as boy scouts, coaches, the whole kitten