tv [untitled] June 15, 2011 11:01pm-11:30pm EDT
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dig dig dig. deep. degree competently robson plans for good and more austerity measures the greek prime minister has a push to fill with new government in the big positive deeply unpopular. also nature's missile defense plans are down to see risen as a frustrated probably sound drunk has been left behind the after bush era plans to build a radar system was crowned by president obama in favor of an early warning system the white house changed course as part of a receptive relations with russia which strongly objected to the. iran going to it has no plans to visit nuclear weapons that's a key summit of asian leaders in a stunned not because exxon announcement was made during talks between the russian
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and arranged presidents on the sidelines of the shanghai cooperation organization meeting. and let's go back to our top story on the you want to share with luke agrees as it comes close to defaulting on its debts and the reports from the heart of the protests in the capital are. welcome to the lower show where you'll get the real headlines with none of the mersey like i live in washington d.c. now today we'll take a look at what a greek default could mean for the u.s.
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economy also have some startling footage of an our team reporter on the ground amidst the protests and the chaos in greece we'll get to the bottom of the f.b.i.'s new guidelines and tell you why they should worry you and we'll speak to atticus baron of the young turks on the economy of sex but first let's take a look at how the worthless mainstream media is proving itself to be today while missing all of the bigger stories. our ed henry yesterday we gave chuck todd a hard time because in the midst of all the problems facing this country which i will not recount every single one of them right now but if you watch the show on a regular basis you're well aware of the high level of unemployment the housing crisis multiple wars the erosions of your civil liberties and those are just to name a few will see all those things they didn't make chuck's must ask list when talking to and curry about her interview with the president or the very first thing we asked about was brock obama's opinion on wiener gate but you know it always rubs
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you the wrong way just a little bit when you see a journalist getting to interview the president one on one on one particular day and then getting reminded of what she does every other day. with her sister off the market pippa middleton is now being called the most eligible bachelor ready in britain and now reported split from her longtime boyfriend is raising all kinds of eyebrows and we see jennifer hamlin is at buckingham palace this morning janet good morning yes this was no stranger to the spotlight. but it wasn't until the royal wedding when she walked behind her sister in that form fitting dress that she gained an international family. yeah that's right she's over the whole interviewing the president think let's just move on to pippa middleton let's dumb down the american people just a little bit more so we can spend less time having to do any real thinking ourselves you know that's the overall strategy the mainstream media states but can somebody remind me again then why and kerry gets to interview the president because he knows she'll go easy on him because she's so busy studying up on all the latest
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celebrity and royalty gossip i mean that's just frustrating but anyway let's move on to the story that really took the cake this morning and this n.b.c. had a big announcement to make their investigative team did some serious digging as to why newt gingrich's campaign staff all abandoned him and after this long and arduous investigation this is what they came up with. with every seat use investigation with new details on the real reason top staffers for newt gingrich suddenly bolted for the nearest exit some say was about his closest adviser is one example campaign worryin couldn't take off early in the mornings because of course gingrich insisted that you had to have our hair done which pushed back time. when the point could take off and campaign insiders say the problem circled around the world was third wife calista you know publicly supportive wife but aides say privately a demanding one. really you devote your precious resources to do an investigation
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as to why no one wants to work of a man who's trying to become the president and that's what you come up with and i'm not even going to get into the obnoxiousness of the whole blame the woman attitude . at least not yet that's later tonight in our show but i just can't help but wonder why they wouldn't do some investigative work on other stories like how about representative peter king's second round of hearings that took place today on capitol hill about american muslim radicalization you know it's not like this is a story of the media hasn't heard about well the first time around they devoted a lot of time talking about the dangers to society at these hearings posed some critics are calling this a straight up witch hunt and congressman king a throwback to joseph mccarthy defenders so when the threat of homegrown terror is real and growing and while the administration worries about the message the hearings themselves are sending wolf some are asking if congressman king's hearings could have the unintended consequence of increasing the number of radicalized muslims and making them harder to find you know your critics say they they say
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you're a bigot there is a there's an op ed in the new york times today by a guy named bob herbert who says he's comparing you to joe mccarthy. so what have you all that so many questions so many concerns about the message about islamophobia now zilch because some of the initial hysteria died down let me just give you a few bits of information about the hearing was held today so the focus this time was on the threat of muslim american radicalization within american prisons and once again peter king painted this threat as incredibly serious most of the witnesses however admitted that while there have been occurrences and it's worth looking into these cases are very rare in fact two thousand and ten report by the congressional research service concluded the prisons haven't played a large role in producing homegrown terrorists all the more reason not to have this specific here listen american prisons are dangerous places not only are they overcrowded but they are filled with violence and there are recruitment is going on
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at all levels to the bloods the crips the asian gangs the hispanics gangs to white supremacist organizations as well as to radical islam islam scuse me and all of that is worth keeping an eye on all of that. it is worth investigating but as a number of lawmakers pointed out at the hearing today there is no need to single out one prison group you see this is a larger systemic problem so why doesn't the media spend a little time dwelling on that and investigating the fact that more people die in the u.s. from gang violence than they do from terrorism and best of gating why we have the largest incarceration system in the world looking at the money that keeps that prison system alive and best are getting why we have elected officials who are willing to shut out that larger problem to zero in on one single group and create more distrust i guess that calista gingrich is just so much more fun and that's what they missed today. and there's a debate here in the u.s. about raising the country's debt ceiling but most americans probably could care
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less about the issue that's not the case if you go to greece the country is close to bankrupt and today members of parliament were scheduled to vote on another round of austerity measures but some twenty thousand protesters tried to block lawmakers from voting by clashing with riot police r t surf earth takes us to the front lines of this protest. the clashes between the police on the protesters still they can see some of the hands of the state and you can head to take out buildings fired into the crowd so you can see the destruction of things out along the sides larry that was building for a time that. people have one thing that actually was going on at the moment the police trying to find the crowd the violence still breaking out no we've actually be not stopped by a lot of the people on the street the scene i see protests and like with the gas masks on they really don't want anyone to film that it's been said that the people who have the high g. provoking the police the people still missing back on the central state even though you can have
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a tear gas still being set off by the place they turned out to protest against the proposed to start the measures there i guess about the economic situation that's been happening in that country and they want it and to everything that we have that they really didn't want the protests turned violent till the end but you can just see the chaos happening help in pakistan right at this very moment that is absolutely chaos on the streets the police all over the place we were nicer than the weather take out to think that's all i can tell you it's not a pleasant experience you absolutely can't upgrade the numbers of people who of course i remember well really quite scary. people. on the street today. even though many people really no see saw exactly get a load of the situation of the mike tyson escalate say. they can see right now that the police need to get a grand cyclicity that's going to be another round of take up something you can see
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that happen they. want a label table was saying i want to sell nothing else. so something say you still saving rain. right now you stupid. ok. right now it's very hard to tell because even the protest they want to see this show you just what's happening all the streets right now we've got to find it but. you've got to take out so. you've got to take us ok we're. going to have a crisis. now that's a get the moment a large number of these people are actually. you can see them there in the black heat of folks and then the ones who try to stop it still they. say takes a look. at it take up makes a guy go right down. the right. they got going up as we see the prices
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of the police still clashing at the base but very hard to breathe a lot of these people have provided you don't even want to see so he has a cause. now for the time being the contrast between the situation on the streets of the u.s. couldn't be more stark from what we just saw greece which is teetering on the edge and as we saw from our g. correspondent sara first report the possibility of even more austerity measures in greece in exchange for another round of bailout money it's causing anger and chaos throughout the country currently some sixteen percent of the greek workforce and forty two percent of fifteen to twenty four year olds are out of work there it seems that that contagion is spreading as finance minister has made no progress on how to address greece's funding problems we're seeing the prices of portuguese and irish bonds fall fast we see spain's banking system experience a jump and borrowing from the european central bank and you have to start wondering if this is the beginning of a real collapse in europe u.s. politicians meanwhile well they're taking their sweet time debating rising raising
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the debt ceiling and even toying with the idea of a default because time runs out sooner than we think if greece goes under how does that affect the u.s. joining me to discuss this is michael pentodes senior economist at euro pacific capital michael thank you so much for joining us tonight. i'm fine thank you for starters i just want to know what your. as on the situation in greece do you think that this is unstoppable do you think that a deep alt is just bound to happen. well it'll read three hundred forty eight billion euros and their sheer is going to reach one hundred sixty six percent of g.d.p. when you reach that level of day there's nothing you can do by default and the law doesn't mean it is just on this level i was in many generations in come from irish way shit from france or the reductionist if you come from issues great dutch but some restructuring will occur to you that now i think that for many of. the danger
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of not only reach the united states because we were cheap point four trillion dollars trillion us but what i want to what i'm wondering is that i feel like a lot of americans think that the situation in greece what's going on in europe is self far removed from them that it really doesn't concern them but let's say that we do see this restructuring where do you see these default go on and raise what's the trickle down effect going to look like how is that going to affect the u.s. recovery which at this point is already starting to look like it's taking a lapse and going into a double dip there's a little recovery was could be artificially generated by blowing up or inflating the bubbles and trying to conceal the consumption bubble going battering and i made this point very clear we increased the totally traded regime of the u.s. ninety percent in the last two were eight years a lot and so far astray track reaction to look at your note it has a two year low to it but if you leave the greek to your know it's trading at twenty
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seven percent that's the kind of interest rate that could come to united states once he lose the rules research. which we are doing lose in the process of acquiring. why you know i'm curious about that because some economists who argue and will get back as you start an answer rather question by the same argument economists will argue including ariel roubini that it actually could be good for the u.s. if we start seeing so much trouble in europe in japan because then investors will undoubtedly flock to whatever they still think is the safe the save bet out there which are u.s. treasury bonds but do you think of that is sustainable or could there be a bubble going on this is the big. bird i mean. in this country is three point six percent europe's. job numbers which. go ahead with your jet plane to baby point two percent twenty basis points so we
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have a real interest rate in this country she said the other one hundred dollars will do so look i'm going to give united states. by supply. and the only is the state is stationed skyrocketing. only then will we ever notice fresh deflationary depression that's not very good as either it was good last year and what you did last yes to the question again i don't want some. yes i definitely prefer it if you did so since we're talking about greece i just think of this is something that most americans don't make the connection that the european economy has an effect on the u.s. economy so if we do in fact see the greece tumble then what happens to america how does that trickle down to us. debt is owned by greek banks. ninety six percent is owned by europeans so if greece goes the european banks go under if the european banks you wonder the other. i don't know the feeling you're.
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lying and china is rapidly raising reserve requirements and. raising interest rates and the whole slowing down that's something you see the existence of ireland i think. well so let's say the bad situation does actually happen right that greece goes down that european banks then go down do you think that american politicians are still going to be twiddling their thumbs and playing around with the idea of not raising our debt ceiling ok so i mean i don't know you very well on your question. what gets yelling raised is possible but the fight may rightly shake congress. actually did start to be a little it was raised ten times in the west bank well michael i'm not a believer their actions g. a debt ceiling because i think that it just becomes a political game that politicians get to play. but at the moment that's exactly what they're doing and they're holding the entire economy hostage so do you think
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of they can still hold it hostage if greece or greece and europe go down a run what when you say hostage you have a law that says the u.s. can only borrow. one three trillion dollars in debt or is supposed to be a joke ceiling which means it's also be representing the limit of debt and i will salute you let if we don't raise the debt ceiling we still have two point two trillion. dollars going to be supporting striker billion interest payments so there isn't going to be a default of the debt that's a red herring that's the worst or story upon the united states and that's something you desperately need a little you want to have. chased around greece coming to this thirty year united states and your own wind is what are you think we would actually see that same scenario play out here in the united states and we've definitely seen it in greece we've seen it in the u.k. these think americans would be rioting marching on those three it's going up to
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protest at the capitol building. what makes me. just six weeks i'm stuck sure it's just because the americans if we had severe austerity year if we had a marketplace is we are right now we are all graduates are interest rates which you will not enough. time to service the debt and you have a severe crisis just later i mean greece italy show us the merkel and the i.m.f. does not need trillion dollars to the united states so let a little thing i did say to this country that i love dearly is doing everything you can right now just to serve our dollar and to balance your budget as soon as you can all the more reason we're covering a story and telling americans to look over what's going on in greece of our make up here mike i want to thank you very much for joining us tonight. now there's still much more to come on tonight's show the week of
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a grand jury is underway in alexandria virginia we'll tell you who was subpoenaed to appear today and the updated f.b.i. manual gives their agents a lot more leeway when it comes to conducting an investigation but does it give them too much on check power when it comes to investigating you will be right back with that. more news today. these are the images the world has been seeing from the streets of canada. showing operations around the day.
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today the wiki leaks grand jury meets again in alexandria virginia with several people who have now been subpoenaed from boston massachusetts in attendance now one of these people is a frequent guest on our show he's also co-founder of the bradley manning support network david house when we spoke to house just last week he couldn't comment comment much on the subpoenas that were issued in the boston area but today new details are coming out house among other people in boston travel to alexandria to answer a line of questions from the grand jury which is secretly determining if we can leaks acted in violation of the espionage act however people aren't taking this opaque actions of the grand jury lying down so they're currently protests underway
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in boston and outside the courthouse in alexandria over the way in which the government has treated david house of a local bradley manning supporter as we told you in the past houses one of the few people who was able to visit bradley manning while he was detained at quantico and he's one of the few who openly spoke out about his inhumane treatment while being held there coincidentally house was also subject to several searches and seizures when he was crossing the border homeland security and border control agents took his laptop at an airport without providing a valid reason and repeatedly subjected him to random questioning about his involvement with wiki leaks and this is what house told me when i interviewed him on june sixth you know it's important to note that the u.s. government has not been legislated any authority to claim devices the border they have kind of claim this is already on the road they said right where the government and we can take it up the border there's very little legal precedent for this and we hope this case will outline the u.s. government should actually obtain a warrant before. seizing any devices from any person trolling across the border.
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wow what a shocker the government overstepped their bounds once again and even as doing dishonest fades from the headlines it's clear the government is pursuing its campaign against tweaky leaks as vigorously as ever so it's just beginning we've covered the outcry the government's witch hunt against wiki leaks month after month while details surrounding today's events remain hush hush we'll continue to uncover what we can so that you can get the full story of the obama administration's war against not only wiki leaks but everyone that they feel might be involved with them . now just the other day we told you about the f.b.i.'s new guidelines they'll soon be issuing as reported by the new york times the loosening of the rules of the f.b.i.'s general counsel is described as a fine tuning or tweaking rather than major changes but isn't really now the changes include allowing agents to search a group or person proactively without having to make any records of it allowing them to tail people more than once during a proactive assessment searching people's trash to find a potential informant attending up to five meetings of
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a group undercover eliminating extra supervision of investigations of politicians or journalists if they are witnesses or not suspects and eliminating any protections for low profile blogs so let's get to the bottom of why these changes matter here to discuss this with me is julian sanchez a research fellow at the cato institute thanks so much for being here tonight always a pleasure first starters didn't the f.b.i. just update some of their guidelines about three years ago i mean has there been something drastic that's happened has necessitated them loosening them again no you wouldn't think that was arguably the more substantial revision of the guidelines under attorney general mukasey. were bundled together and we shuffled a bunch of categories of investigation again permitting much more proactive and as they put it at the time. just have greater flexibility in proactively trying to ferret out national security threats and you know there's a great. similar but now we have all the flexibility and we need to
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find national security threats before they become a problem now it turns out according to f.b.i. general counsel bernie those radically loose rules are now too cumbersome now the idea that they have to open an assessment without any kind of factual basis to make a record in a database in some cases maybe ask a supervisor this is too much and this actually huge problem when you consider the track record of the f.b.i. as revealed by a series of inspector general investigations that found that again and again surveillance powers were misused when there wasn't any kind of paper trail when people didn't have to worry that their misuse of authority was going to be uncovered and that indeed when they tried to institute supervisors tried to institute record keeping the agent said no no it's too cumbersome they said the same thing it's too cumbersome we don't want to do all this paperwork turned out to be that they i think suspected they were misusing the law that they were
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circumventing the checks that were put in place to limit that authority and so now the inspector general told told us we can't actually say with any great precision how many people's records were seized you know how how serious the abuses were because the record keeping wasn't that great will now more searches more prying into records without even a paper trail so that when something you know not if when really someone in the f.b.i. decides to misuse their authority. again i mean it's absolutely ridiculous to me that the fact that it's just too cumbersome for them to have to ask somebody or to write it down and i can only imagine you know how far these abuses will go because they know if they're going to start looking up their neighbors or somebody they just don't lie and i feel like you know it really becomes it's a very slippery slope but let's talk about some of the other. guidelines here and they're changing the fact that now they can rifle through some. one's trash if they're thinking about having them be informant and then they can i guess use
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whatever they find in your trash or against you to convince you to be an informant that sounds like blackmail to me where you get is you know sure they would say it's encouragement to cooperate by you know you know trash is usually not protected by the fourth amendment but still you know the idea is that these guidelines were put in place the original f.b.i. guidelines were put in place in the late seventy's after we learned that the f.b.i. you know was able without necessarily violating the law to amass enormous dossiers on peaceful political dissidents you know i just infiltration or through posing as you know a fellow traveler and the guidelines were supposed to put an end to that and i think we've forgotten maybe why those guidelines were in play put in place let's and we were seeing right now you know a lot of pieces are anti-war activists in this country that are that are complaining because it turns out that they have all been being investigated by the f.b.i. that they are being tailed and they're trying to actually do something about it to sue so we have a perfect example of where there can be an abuse of these powers and who they can
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be going after you know another thing i want to talk about too is you said maybe this is just a clarification when they talk about the fact that if a journalist or a politician is part of investigation and they were just a witness then parallel you also don't need to really ask your supervisors about that what does that mean for journalists and for their sources for protecting their sources well this is a million it's a little bit different i mean the idea here is that if you're investigating a journalist you need to you know sort of have a higher level of proof to make sure that you're not doing something that runs afoul of the first amendment and that this is not the kind of thing you have to worry about if the idea is a journalist has been a victim of a crime that you don't need the same kind of sign off to talk to the journalist you know in order to help them you know what inherently i know everyone is considered a journalist right because low profile but blogs are a low level blogs and what it's not even really mean they don't go this is actually and this is i think actually a genuinely thorny problem. you know there's a good reason to say. you know we do want some kind of level of special approval so
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the very sensitive. investigations are are rubbing up against the first time and on the other hand in a world where everyone can start a blog as you know as easily as possible you want to be a situation where everyone who ever opened a blog spot account ever in their life is now subject to the same kind of approval on the news or dilute the effect of having this idea that there are certain cases you look at a little more closely so i understand that that makes sense to me that that is a problem for them lastly i just want to ask you because of course the f.b.i. general counsel said that these are just tweak it's just fine tuning in any major changes and so we don't need to ask anybody for permission only change these guidelines as long as they follow in you know with the broader guidelines given by the attorney general those must be really really really broad guidelines that this is the case i mean there's an incredible shell game that's played here every time the f.b.i. goes before congress to ask for new legal authority new surveillance powers they always stress but we have these incredibly powerful internal guidelines you don't have to worry.
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