we talk more about that yeah there's actually a name for that some people call it the suburbanization of poverty and you know in some cases we think of these cities you know downtown seedy areas of cities and you know people can work low income jobs but a lot of low income jobs are actually going out to the suburbs so you know tom kingsley i suppose from the urban institute spoke about this and it's good because you know you're getting these more affordable housing out there and you know strip malls are moving out there so they can get jobs that you know the wal-mart or whatever retail store but what you don't have is services services for people who need that extra help you know food pantries things like that those are located in rural areas so. you know it can go both ways really but tampa itself is really interesting because it actually has one of the highest rates of homelessness in any city there's a group called the national alliance to end homelessness and you know as you mentioned in your introduction half of those surveyed said you know this is about you know having financial problems is about businesses that were here no longer

being here that means we don't have jobs anymore and of course live as you know the problem with the foreclosure rate florida the second biggest you know the second highest rate after california a much larger state. home prices have significantly decreased there and we just seen you know certain parts of this state you drive across and it's foreclosure sign after foreclosure signs i do want to point out there are two zip codes where seventy percent or higher of homes there are underwater zip codes three three six zero five and three three six one zero those zip codes are in the highest one percent of you know the places where it's the worst and you know some of the zip codes that could be called lucky those are places in which only about thirty thirty one percent of the homes are underwater so when you look at the numbers and you see the pictures it is a really important story a really important thing. that's happening that's unfolding you know as we move

into this election time we're at the convention we heard so many promises and so many ideas to make this country better well guess what you're going to have to answer the question of foreclosures of poverty and this housing crisis that is still very much alive it's interesting there was so much media there and so close to this happening and really very little mitt mention of the problem this huge problem in tampa well you know a lot of people who simply had to stay within the security zone a lot of people locked inside the convention center to file their stories and you know interview some of the. politicians but we thought it was important and we try to do this wherever we travel not only to cover the main story and to make sure that we're there witnessing that but also to see hey what else is this city about you know what what kind of stories can we bring back to our viewers to show what's happening here and last i want to ask you because some reports of homeless homeless

people within tampa were facing more hostility and more pressure as a result of the chaos from the r. and c. did you see that going on you know i didn't see that happening we did interview those homeless people living in you know what they called romney ville and they have had some run ins with the police but mostly everything was peaceful but this is something that happens i certainly read about it happening here i witnessed it several years ago back in san diego where i'm from we had the r. and c. there back in the late ninety's and the rumor was that they gave all the homeless people and of course there are a lot of homeless people in san diego because if you were homeless where would you want to live somebody where it never rained and was very funny you so the rumor was that they gave a lot of those people a one way ticket to arizona i don't know if that was true but we certainly did see you know a whole bunch of homeless people in our downtown area disappear who knows where they went it's about making your city look good to all those cameras to all those tourists who are there tampa have. this opportunity and you know certainly it is

a popular thing to do to try to get the unsightly things out of the way interesting christine thank you so much and a great job covering the conventional are there and will be in charlotte yes definitely i was a bit of excited to head over there that was a party correspondent. last night former massachusetts governor mitt romney took center stage at the republican national convention officially accepting his party's not for president but as the dust settles in tampa all eyes are on charlotte now for the democratic national convention set to kick off in just a few days but have americans really been glued to convention coverage laurie harkness from the resident done hit the streets of new york to find out. in the u.s. republicans and democrats are holding their national conventions and they hear the media and politicians talk about them but the most important things going on right

now so who's watching and what have they seen this week let's talk about that have you been watching why not because i don't like either one of those guys. so you don't watch and you don't vote in that then no i do but i like voting for the we're . not the worst of the two. but do you need to watch the conventions to be informed it's all crap and have you been watching it all absolutely none of it why not i hate the republicans are you going to watch the democratic convention probably not why not i don't need to do you think there is actual information being said sad at the conventions or is that just kind of b.s. but i think it's sort of you know sounds good on camera do you think. these conventions actually do anything you know. spend money our money our money how do you feel about that i don't like that. i do we get them to stop because you know.

romney is going to say leave town. the content is not so much the port important as the outside how people perform that that's my first impression that the people are choosing the heads not the plans i think most of europeans are through obama and that's it and you don't need to watch any of the bad no no really want to show us that i was really i mean congress or us is smarter than that that was really awful i'm sure sad what better way irritates me is that these people are actually really think we're stupid what are they covering up well that she's a very intelligent lady but i mean she sat there for an hour striking mitt romney say go well you know americans smarter than that you know that we i mean america needs someone to stand up and take charge i think late let's face it ok people that are out for themselves that's it i give up on it but don't they when i mean you're not happy with the way things are going and so on you've chosen is to check out doesn't that mean they they went. yes. yes so it seems like most people

aren't even watching but if you do decide to tune in and remember to watch it for what it is extremely calculated very expensive showmanship designed to influence the way you think whether or not that works is up to you. all the saga of julian assange continues as officials from both the u.k. and ecuador continue to meet in the hopes of putting an end to the diplomatic stalemate sunderbans holed up at the ecuadorian embassy in london last night the embattled wiki leaks founder predicted he would have to remain inside that embassy between six months to a year all this comes a day after foreign secretary william hague admitted seeing quote no solution and cites who the conflict but it looks like assad remaining optimistic yesterday he told venezuelan t.v. he believes that the swedish government what lie. we dropped the case against him

after a thorough investigation the ecuadorian state media grabbed an interview with us julian assad where he argued that wiki leaks wasn't dangerous or deadly is specially in comparison to the u.s. as wars in iraq and afghanistan well stay tuned here on our t.v. for the latest on the case of julian assad. still had on our t.v. first the washington post now the new york times it seems the line between reporter and subject is more blurry than ever and media outlets aren't just covering the news they're part of it that story ahead. the from.

here is mitt romney trying to figure out the name of god saying that your mouth is paul. far left doesn't want the usa to defeat terrorism. itself naming. me only and the christian. folk are going to call on. us in support of the service because you know the corporate media distracts us from what you and i should care about because they're profit driven industry that sells a sensational stick garbage because that breaking news i'm having martin and we're going to break this that.

says. a client of american power continues. revolution. and it turns out that a killer drink of starbucks has a surprising in. the

capital account i'm lauren lyster. fundamentalism gets controversial was a time to get the cia and vault apparently that's of the new york times one of the new york times reporters dead times reporter mark mazetti reportedly forward in his advanced copy of maureen dowd's column to a cia spokes person the piece was about the film zero dark thirty which is about

the killing of osama bin laden here's a look at the trailer. dowd's column criticize the white house for giving hollywood inside information to make this film while leaving the public in the dark about the operation this is all coming to light thanks to documents disclosed by the transparency group judicial watch talk more about this i'm joined now by jeff cohen media critic and journalism professor at ithaca college jeff welcome so descent into unpublished call into a government agency as this new york times reporter did would you say that it violates media ethics. well there's no doubt that it does you know the job of an

independent reporter who's covering a powerful institution like the cia your job is to get leaks from honest ethical people inside that agency so you can tell the american public what's going on with that powerful agents those leaks are not supposed to go in the opposite direction where the newspaper a newspaper reporter is giving a column two days before it's in the newspaper to the cia that's just not how it's supposed to work it's an example of the kind of collusion that often happens in big u.s. media outlets you know when it comes to national security stories like those involving the cia we have a media that sometimes operates more as a fourth branch of government then as an independent for the states and i think this that's what's reflected not only in this reporter sort of helping the cia by

giving them a column and saying look you didn't get this from need to lead it after you read you have nothing to worry about see there's little to worry about for the cia that's not the job of a reporter in a free society you're not supposed to assure someone of the powerful agency they have nothing to worry about if you're an independent reporter you want that powerful agency to worry about you and your news outlet and what you might be digging up about that what do you think it says a balance the times are at least this reporter is a priority is that and i guess what they're looking out for i mean usually your first loyalty should be to the public to this information but i mean what does this say that their priorities are there's no doubt that your your priority if you're an independent journalist that's in a free press in a free democratic society your obligation is to the public but here. this reporter clearly was trying to show an obligation to its source the most powerful

intelligence agency in the world the cia and the problem isn't just this reporter the managing editor of the new york times when asked about this kept going on about how this is much ado about nothing. and then the spokesperson for the new york times said oh this was a mistake this was a guy who was doing some fact checking no the e-mail correspondence between this reporter and they cia official shows a relationship that's completely unethical that's completely involved with collusion and i repeat believe that it's a pattern at the new york times you know the new york times bill keller one of the top people there during wiki leaks he admitted that he was taking direction from the federal government on what wiki leaks material could be published and could not be published during the bush administration the new york times had

a story before the two thousand and four of action that the bush administration had spied on many americans through warrantless wiretaps which was a clear violation of federal law and the new york times was asked by the bush administration hold death's door and they held it for all for more than a year it didn't come out so late in two thousand and five so it's part of this collusion you know the u.s. media like to lecture the rest of the world about the need for a free press and how the state should not control the media but when it comes to national security in our country there is all too much collusion between the elite media outlets like the new york times the washington post time magazine n.p.r. there is too much collusion between these institutions these press institutions and the institutions of the national security state so you're saying that too often the media works with the government instead of trying to expose the wrongdoings of the

government no doubt about it i mean what kind of what kind of reporter. wouldn't do this kind of think of the sort of helpful p.r. role for the cia and then the next day turn around and try to expose possible wrongdoing by that agency to the american public no it's not unlikely and as i say the problem at the new york times as we saw from the reactions of the bosses here not just this reporter has not spoken but the reaction of the new york times p.r. spokesperson and the new york times managing editor that to me is more just almost than what this reporter did which was outrageous enough kind of brings up this interesting relationship because it near reporters oftentimes in order to get the inside scoop they develop these relationships with their source says it should be this professional relationship clearly means that he has this relationship with an

official within the cia want to ask you what is the line between this and unethical behavior how do you keep that relationship and check so you don't while a if the rules of journalistic ethics well clearly when you're leaking information from your newspaper to the agency you're covering that crossed all at the called lines. the problem you're getting at one of the biggest problems in u.s. media that these these reporters sit on these beats for two whether it's wall street whether it's the white house whether it's congress whether it's the cia and they often develop a. healthy cozy relationship with their sources and the main obligation you said at the beginning of this interview should be to the american public to the reading and viewing public but when you get that when you're too long at your beat and too cozy with your sources after

a while you know you're no longer exposing things about the agencies these powerful agencies to the public. too often you're sitting on information you're so cozy with your sources that you couldn't expose them if you tried so this surely has to be embarrassing for the new york times as this becomes public do you think that this revelation will lead to any changes nothing's changing at the new york times it seems to get worse you know at the journalism department in ithaca college there's a bunch of us that study us media history and you look back over forty years since the pentagon papers where the new york times and other paper said on a national security issue no our agency is to the public we're going to stand up against the government you look from pentagon papers to today and you see forty years of these big institutions like the new york times just getting cozier and cozier and cozier and one of the classic examples i mentioned was sitting on

a story for more than a year that the bush administration was engaging in warrantless wiretapping on americans and holding out till after the two thousand and four election that's pretty telling and and asking for federal government direction on what wiki leaks material at the time should publish or not publish things are getting worse at the new york times i don't expect them to turn it around because of this incident really interesting jeff thank you so much for coming on the show appreciate it that was jeff cohen journalism professor at ethical college and a media critic. and that is going to wrap it up for this hour but for more on the stories we covered you can head over to our you tube channel youtube dot com slash r t america you can also check out our web site that is our t.v. dot com slash usa and you can also follow me on twitter at lance wall we'll be right back here and a half hour here that. please

please please. please. please. it's. cultures that so much i can recall right monograms will be allowed to use the u.s. still number one in the world opinions differ sharply though there can be no doubt american supremacy is being challenged by a number of. the more.

along. the alabama. primary. law. download for sure the creation so choose your life stream quality and enjoy your favorite. t.v. is not required to watch all its all you need is your mobile device what you are to any time.

good afternoon and welcome to capital account i'm lauren lyster here in washington d.c. and we are on vacation you see we've been broadcasting since october so that means were a little overdue for a break but in that time and in just the last few months we've interviewed so many amazing guests from jim grant to mark father to jim rickards even joining me as a co-host and we've covered so many topics that are relevant on any given day whether it's the fed or the eurozone crisis so we put together some of our very best and most popular episodes from the last few months for your viewing pleasure and the time while we're off and you can look forward to all new shows starting september fourth so mark your calendar and don't forget interviews can all be found in their entirety on our you tube channel you tube dot com slash capital account

but for now let's get to today's capital account. all right so according to italian prime minister mario monti we have now a week to save the euro zone that came out in the headlines he said that to a group of european newspaper reporters this is ahead of the e.u. summit planned next week so is this a threat a warning it's hard to tell because it's become a bit of a boy who cried wolf refrain take a look at this last november there were ten days to save the euro we don't have those headlines but we got a bunch of them together ok in november there were ten days to save the euro or see

it disintegrate in december of last year d s k domenic strauss kahn said there were three weeks left at one point in may there were only forty eight hours to save the euro according to one newspaper but i guess then george soros bought us a little time because early june remember he said we are just a few weeks into a three month deadline so when and how does the euro either persist or implode exactly well let's talk to gerald celente who specializes in telling it like it is he's founder of trends research institute publisher of the trends journal and he joins us on capital account now and it is so great to see you you're the perfect person to talk to want to friday to round the week out thanks for being on the show gerald oh it's always a pleasure being on with you you have one of the greatest business shows on t.v. the oh you're so sweet thank you well you're one of the best guest to have on a business show on t.v. so i'm dying to know i just went over some headlines over the last year where people officials newspapers commentators have said there is

a week to save the euro there is ten days to save the euro there is three months and to be fair we're still in the middle of george soros is three months prediction so i can't dockum there yet because who knows how it's going to turn out but the question to you gerald is is cut through the noise is the euro doomed to implode or is this salvageable or will we just keep see europe muddling along the way it has been. well it's a bigger issue than that it's not the euro and when you mention monti say what he said today or yesterday let's remember who this is this is three card monte so that's about as good as his word it's not the euro it's the whole banking system and the banking system is collapsing worldwide and so the euro was just a part of it will the euros stay together if it's if the there is there is no telling what they may pull out but let's understand the g twenty just was going to

have this grand meeting just got back from mexico and all these brilliant leaders were going to put their minds together and come up with a solution and they don't have any answers and the reason they don't have any answers is there's no solving it so what did they do well you saw yesterday the federal reserve went back into operation twist and then read today's headline central banks ease credit as european leaders meet this step friday just as european leaders in rome are preparing to seek agreement on ways to pull europe out of its crippling debt crisis gives banks more possibility to get ready cash let's put that in layman's language it gives the banks the right to rate jump that they have and all this garbage that's weighing them down as credit worthy all they going to continue to do is try to keep pumping money into the system to keep it going it's as simple as that there is no way out is are they going to come up with

a your robe on where they're going to put all the bonds into one package so that these rates don't keep skyrocketing doubtful what they're going to come up with something that's why they always stall it how long will it last it's a guess totally and these programs to turn trash to cash we've seen and it does seem that they're just getting ever more. are creative and ever willing to break whatever rules are on the books and order to institute them so bigger picture and though beyond the banks one trend that that it seems that we see and there were a lot of quips to this effect going into the germany and greece soccer game this afternoon it's this sense that germany is calling the shots and taking control and in control in a way that it hasn't been since world war two and at the end of the day greece is at its mercy and it's about the kleptocrats getting their piece of the pie and i'm curious how you think that's going to play out and if germany can have the kind of

credibility to be this boss of the eurozone or if you think that it will be this kind of economic prison is nigel for raj has called the e.u. well again you know let's listen to a german is complaining about a your robe on this is against the treaties and it's against their constitution the bailouts were against the treaty so you know on that on that angle germany's one hundred percent right and to put all these young worthless bonds in so one package and make everybody pay for it if i was german after them spending why how many trillions to to bring east germany back in it i have reservations to but again lord it's a much bigger issue let's see what's going on in china their economy is contract just as germany's composite purchasing managers index hit a three year low.