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tv   [untitled]    August 9, 2011 11:01pm-11:30pm EDT

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but in the law to show where you get the real headlines with none of the mercy i can live in washington d.c. now today i will speak to someone or write in the middle of the chaos in london last what's going on and could it ever happen here in the federal reserve released released a policy statement today that really doesn't say all that much but margetts did improve after yesterday's drop so where is all that confidence coming from and they're calling it the russian version of the jersey shore but it's already activists and lawmakers fighting to get it off the air we're going to speak to marina live vitus a cast member of lifetime's new show russian dolls we're going to all that and more for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss.
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well today the mainstream media continued. to like those old helicopter crash in the wardak province over the weekend arrived in the u.s. the bodies of those killed were brought to dover air force base in delaware that happened today president obama arrived at dover air force base in delaware a short time ago to pay his respects to honor of the thirty american service members who lost their lives it is tragic it is tragic not only for the families but of course also for the people here at dover air force base who have been very. now this is an incredibly tragic circumstance and it deserves attention but this event however was closed off to the press by the pentagon same pentagon that lifted the ban on filming soldiers caskets when the obama administration came in this time decided to make an exception and yet we saw the mainstream media reporting on it as if that was no big deal as if the sensitivity here should be the norm and they
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should just accept it and let that be that. that's a problem if you ask me so the pentagon is saying that some of the remains are get and identify so that's why they will allow the media access but let's be honest those that have been identified their pictures have been bracing every single cable television screen in the last few days their family members have been interviewed and exploited for the tears and for the grief so the idea of the now the mainstream media has suddenly grown a conscience and understands the pentagon's request that's not one that i'm sold on so instead of protesting the pentagon's decision calling them out for it on live television saying that no matter how difficult and painful these images may be they need it to be broadcast because this is the reality of our wars abroad of media complies and they move on and that's because they don't care just because they've been covering the loss of life in our ten year war for the past couple of days doesn't mean that they're dedicated to showing the truth they're still not asking why we're fighting this war why the pentagon wishes to hide the realities from the
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public with the veil excuse they got their tears from mourning wives and then let everything else pass and that brings me to another point here this helicopter crash was a tragic loss of life and in fact it was the biggest loss of life from a single incident in this entire war but only now do we see the president making a trip down to do over and the media following him along to the gates only now is this worthy of hours of broadcast because these were seals the elites of our forces now these people deserve the proper respect the proper thanks in the proper commemoration for our lives more value. that a regular army private that might be killed what about the remains of countless of other americans that have flown and what are those events which were not blocked to the press not covered it's a stab state of affairs and it's a true reality check that the mainstream media only covers these wars when it's to their benefit when they can milk the visuals and once the pictures are gone so is the press and yet the lives lost the years spent the trillions of dollars spent at
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a complete loss of our civil liberties in this ongoing war on terror the loss of america's more reality with the actions of the bush administration the black sites in guantanamo bay those are all things that they choose to miss. over what's now the fourth night london continues to burn what started off as a peaceful vigil on saturday in tottenham for the death of mark dougan who it now turns out had been killed with one shot by police and had not fired first according to ballistic test results that has turned into days of riots random violence looting burning keep spreading from one borough within london to another and even cities outside of london the last night the first fatality was reported as a twenty six year old man was shot in his car on social media is already becoming a central issue here as riders first organized through black berry messenger were encouraged on twitter and now even
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a google facial recognition technology is going to be used to identify those whose pictures have been posted online but it makes a question when social media is used for good as the mainstream media jumped on egypt in tunisia as twitter revolutions and what makes this different media outlets of all political leanings have been quick to try and identify the causes here racism brutality by the police multiculturalism not working class warfare austerity measures but at this point it's becoming so widespread are they all wrong some point to a disaffected and lost youth with no political purpose at all. so what exactly has gone wrong in the u.k. joining me to discuss this is laurie penny a columnist for the new states and laurie i want to thank you for joining us and first if you can just start by telling us exactly where you are and what you've witnessed so far the past couple of days. who were in. london and if. you can get it down in the through there there are things there were and are.
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getting. through that he. is in another one of them. from the television in his monthly you know. but in another minute they were in the third and everywhere he heard the end. street there were people in the. you know very many around. a return. to the corner from camden and what was really really hot there were. milling around if we were. going to the learned. you know the stuff. you're writing for the time we're going to do you know if you can with something to help out. in the middle of or the point where they felt the mood of the rifle for you know just. before going to the concrete well the reports coming in
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from arab forward he. think it's a simple there are fifty fifty thousand feet. of the damage being done to the town and for right now and in a really really scary breath for their people for the very very very very there are sort of these really threading out in the middle of. their. what in your mind do you think is really going on like i mentioned you can look at media outlets and you can look at. government the way they try to portray this and some of the left will say well this is because of austerity measures and this is what's going on other people will try to blame it on of multiculturalism that's failing from the right but what is it to you. everybody's in the pool for the senate and there were two words there were friends in there and both of you very concerned for the
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every move and whether it's running for behind this rifle and then for her and then the state for that i think. you know i think bring her feet who remember what it's like to grow up as a young. woman or if you will there are none that i could for her for i feared. he didn't either that or that. it's in life there are never you know people who live with each other and he never experience of what it's like to live their life that and they think. that that kind of social the he will be. you know there's another thing people think that they're. right. very very critical for the rest of them are going to say oh this is. for a you know this is the first. who we've heard from the. seventy
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five percent of this is. just the fools who get. really nervous. wreck with the nerve to be ok he said that the case for many many wars now and certainly the hope of the. injection of sun actually the people who. want it. now obviously this is getting a lot of media attention because it's the visuals. are there the stories are there of course people lives are being affected by this and so you say that nobody cared about these people for so long but do you think that this is a way. to get people to care or is it justifiable to go around and to loot and to be people have caused damage. or continue to happen because the control there over the. earth many times we see
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a scene of. the former who were unhappy. in everything already in. their remit for their own people. very. very very good in terms of the people. who first feature them in the street the racism of. people blaming people people who are ethical who are using. it as a way to force their influence here and here and feeds in there and really. right it's really for the right reason make her feel powerless how even if they're just for not. remembering the riots seen or. heard of or i think. either doesn't have an agenda that it
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turns into and if. you can't. treat it as a food for the ground you know we have to be going. to be able. to with that when you can and it's not it's a very few. hours if you're only one hundred fifteen over fifteen months. there were some other societies in fact with about civil unrest in civil unrest in the. well you know i think that's why so many people internationally too are watching this situation and are so curious because they want to know and that's why everyone is trying to you can text realize it is what exactly is going wrong we don't see this happening in the u.s. i guess you could say that probably not since the los angeles riots after the beating of rodney king we haven't seen this type of thing and there are some concerns you know could it could happen here but there is something specific that
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must be going on in england now i want to ask you about what you think of the role of social media here of course some of these people are organizing on blackberry messenger other people or you know talking about it on twitter and encouraging some of the actions now we know that some of those people on twitter might be prosecuted now we know that blackberry messenger blackberry is going to try to work with the off already is to try to track these people down and you know how do we look at that differently compared to the way that people were covering tunisia and egypt and looking at social media as this wonderful force of revolution versus when it can be used to gather for for riots like this. people. who go for. it where. pretty so civil war for example or the.
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very first. order of the. services well so. it's know who or who. it is her. people who are in the way. and. who run. the girl who. over learn good american. but for the. rest. of the book. it's really a. fluke so what happened here was the rest of them are a lot. of the third and it could.
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create the people who could. use it in the rest of the world where you have. people who have enough and who have a. zero for welfare and the public for the. very take the weather. remember oh. in the early i could see for ever. in the people who were in the road. in the first week. it's. so. important for the week. and we already see of
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course a lot of the lines start to be blurred too you know we were looking at websites today of certain news stations and the u.k. actually have messages out there telling people that they want to work with the off already is that if you've seen any of the people who may have been looting to help contact the authorities and it's raised a lot of questions as to how people should cover this as well or you have to wrap perspective on this. week. still to come tonight another thrive example of how the media is ignoring the economic pain of everyday americans and one day after the stock market crashed that our reserve tries to calm wall street. piers but if they really give us anything to be calm about going back to that in just a moment. we'll . bring you the latest in science and technology from around the world.
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we've got the future of covered. this weekend all eyes were on texas and reverend i mean governor rick perry's prayer rally. turning a houston football stadium into the ultimate make a church texas governor rick perry took the political the very heart breaks for america we see discord in the home. we should fear in the marketplace we see anger in the halls of government. now although all the cameras are facing perry the real people of houston were actually just
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a few miles away houston's convention center is hosting the houston i as the back to school fest or parents could go to get free school supplies immunizations and school uniforms and that event was so popular event staff actually had to turn people away because they were filled to capacity and to put into perspective just how popular or necessary you could say this festival was the expected attendance it was approximately thirty thousand people however over one hundred thousand people actually showed up on saturday and every last item available for parents and students was gone in just a matter of hours and we'd love to actually show you how wildly popular a lot of it was but what you know there wasn't any media coverage because they were all busy praying with rick perry and that's just the latest example of a dangerously high need for public aid in this country just a month ago in dallas a stampede broke out over housing vouchers the left eight people injured by thousand people running for a place in mind trying to get one hundred vouchers several people though no more
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stepped on and during the stampede among them children. you can add to that another housing voucher event in the land also ended up in chaos and in los angeles people came out in droves but instead of fighting for housing vouchers they were hoping for free health care. the lawyer before dawn hundreds of people with hundreds of reasons to see tree medical care so they like people in need from los angeles area may say are similar elite sports with the full physical exam. glasses screening tests and dental work three hundred medical volunteers serving twelve hundred patients should be for the next week. of the sheer numbers and the pictures here prove that americans are desperate for help lines of these kinds of events are all the evidence that you need to see that every day people are looking for assistance everywhere they can whether it be a doctor's visit or school supplies that's where our media should be focused and the fact that americans are in need so our governor rick perry prays for help least
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we can take comfort in knowing that some groups out there are actually doing something anything that they can to help others. now a couple of weeks ago you could have probably says the federal federal reserve policy statement they had set to release today is going to go by with not much fanfare and we got a slew of horrible economic figures bad jobs report and the markets started to tank so today everybody waited patiently would there be another round of quantitative easing and the answer for now is no in fact all we learned was that there will be no interest rate hikes until mid two thousand and thirteen and the fed has noticed the downside risks to the economic outlook have increased and they may be repaired to use additional tools if warranted there are three members who dissented from the statement it's pretty boring but maybe that's because there really isn't anything else they can do so does anyone have the magic ticket to get us out of this mess or is it only doomed to get worse joining me from our studio in new york is joe
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weisenthal deputy editor of the business insider joe want to thank you for joining us tonight now like i said the federal reserve didn't announce another round of quantitative easing no q e three here they made a statement of course that they're not going to change interest rates for now but that we were expecting to. specked a little more something a little more exciting. it was really hard to tell i mean as you say the economic data has been weakening and probably more importantly is just the fact that the stock market has been cratering so you kind of have these two slightly different things where should the fed respond to the economy which is weakening but hasn't really tender anything in or should try to soothe the market which has tended it would quite violently and in the end they tried to kind of walk a little the line and they did ok so they as you said they said there would be no rate hikes for a long time they put a date on it for the first time like two years out so that was you know good for the markets i think and then but they also didn't commit to anything on the economy
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they're took a wait and see approach if they need to do more they have that ability but they haven't boxed it into a corner so that it was not a big they probably didn't you know there was a lot of confusion no one knew what was coming they probably had the right. but my problem with that is that why the wait and see approach with the economy when the economy is something that has consistently been that right jobs numbers have been horrible they can't even keep up with population growth it's not getting any better and if anything people think that our growth overall is probably going to go into the negative next year whereas the markets they're volatile they change all the time should the fed really react to the markets after just a couple of days of bad numbers and drops. yeah it is do you see this idea that the fed takes its cues from the stock market i would agree with you there i guess the problem with the fed doing more on the economy right now q.e. two didn't do anything it looks like for the economy growth was stronger prior to q
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e two than it was when we came out of it monthly job creation is no better but what we did get during q e two was. asset commodity inflation that actually ends up hurting the economy so there is some serious question about whether. the fed can actually do anything good look if things got really bad again there's no doubt that they had to act but i think in terms of intervening the fed probably feels that it's tools are limited and it doesn't want to go there unless it feels absolutely forced to because it's got blunt instruments that aren't that effective and what about the fact that there are also three dissenters when it comes to this decision by the fed i think does that show you that there's a lot of confusion a lot of loss as to whether they can help it all. yeah that's a pretty that's probably one of the biggest substories which is the fact that you know during the first go round of easing there was it was pretty uncontroversial but now and again this goes back to the fact that q.e.
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two wasn't that successful at anything and you have these members that are asking well why would we go back to expanding the fed balance sheet basically negative interest rates and so on. there's a lot of you know that's going to be an issue how can the fed really press on the stimulus again if if it doesn't even have full support so that's something to watch well so then what is is there some kind of magical solution at least in your mind if the fed really has these blunt tools like you said they probably can't do much congress is just in complete gridlock the markets are all over the place. what do you do. the problem is that the better solution does unfortunately lie in congress . fiscal policy could be done through the continuation of the payroll tax holiday perhaps a holiday for an earnings ongoing continuation of unemployment benefits all
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those things are things that actually would have a positive effect on the economy but it's very you see whether they can help with this congress and one of the problems is obama is not doesn't seem interested in fighting for them you know he says he's interested in continuing various tax holidays but why isn't he out there raking john boehner over the coals for not agreeing with him or pushing for it now he saw a bow in congress could do this but you kind of get the impression that the republicans are going to give him a hard time and he's not going to really fight for it so it's not that fiscal policy is totally out of the realm. being pushed with the intensity that. is needed right now well stephanie not being pushed and i think part of that has to do with the fact that obama isn't exactly as progressive with his fiscal policy as everybody thinks that he is or wants to think that he is and sometimes he actually comes down on the same line as the republicans here but so in that sense since congress is not doing anything and probably at the moment it is mostly in their
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hands do you agree with s. and p. and the downgrading of the u.s. debt. no i don't i thought those. downgrade was actually kind of ridiculous the fact of the matter is that a country whose did it is denominated its own currency basically can't default and i understand that there were political issues in the debt ceiling fight it was an embarrassment but at the same time the debt ceiling didn't get raised so even in for a while the most contentious debt ceiling fights will ever have the debt ceiling to get raised and beyond the you know the s. and p. looks at these kind of numbers in terms of debt to do. ratios that really don't mean anything. really just aren't that important about a country's ability to service it's dead and so i don't i i disagree with it i mean i think you could make the argument and certainly the political fight was an embarrassment but i felt the call was wrong and irresponsible ok well in that case
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do you agree with the senate banking committee because they've actually announced that they're starting to gather the paperwork so they can actually have a hearing about. whether that maybe they fudged them the figures and really this was so i called for a it's a little frustrating i think for so americans as to why you know s. and p. is now being gone after so much but we still haven't necessarily gone after at least not any any criminal way wall street and the people that got us into financial ruin to begin with. you know i mean there's a few things there's the first of all there's a news above them originally of making some kind of math or logic error on its first draft of the press release is just incredibly embarrassing is the the biggest credit called the agency is ever going to make and they make an error or they get a baseline wrong even if it doesn't change their final analysis i'm just stunned by that is for the investigation into s. and p. i mean i don't think government should be in the business of shooting the messenger so to speak but on the other hand all around the world government should wonder or
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we should be worried that this agency goes around to governments preemptively and starts dictating policy to them and that's what you know once before this downgrade s. and p. went to the treasury and started saying over is your deficit reduction plan etc etc and it is frightening that these organizations have this much power and then can go to governments and start saying where is your plan are going to go when there are other countries have other priorities and when deficit reduction could be the most dangerous thing for that economy at that time so i would. someone to look at the broader issue of this rather than whether s. and p. itself did something wrong here so once again i guess it just shows you who exactly has the power here it's that's and p. that goes to the federal reserve it's the markets the dictate what the federal reserve does and all the actual economy or the american people that are now being devastated by it joe want to thank you so much for joining us. thank you. well
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still to come tonight we have our tuesday edition of show and tell and we have the jersey shore are you ready for a russian invasion russian dollars coming to american t.v. our guest with a member of the cast just given. this isn't she coming to life for most of the headlines. rising breaks out in central
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and northern england sixteen thousand police are deployed in the british capital and the sea is london will face of course not of riots nearly six hundred people have been arrested so far with that number expected to increase with the release of the launch numbers of c.c.t.v. pictures of riots is communities around the country are using social media to organize groups to protect property and businesses and clean up after the body of. u.s. markets recover their losses in a tub and day of trading despite a cool response to federal and now it's going to lower than expected economic growth is the federal reserve says it will keep interest rates at record lows for the next two. you know it is to calm investors china has called for global action to stabilize international's stock markets. and europe's top bankers as the continent's south during the worst financial deal since world war two the central bank moves to shore up crippled economies.

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