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Sep 25, 2009
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from pittsburgh, here's anthony mason. >> reporter: this is now officially the world's financial board of directors. in pittsburgh, the leaders of the 20 largest economies agreed to coordinate policy to prevent another global crisis. >> never again should we let the schemes of a reckless few put the world's financial system in our people's well-being at risk. >> reporter: the g-20 endorsed new guidelines for the global economy that include a requirement that banks hold more capital to protect against losses. and that bonus pay be tieed to a bank's long-term performance. if a bank loses money, the bonus can be taken back. >> do you want to have the quick buck and then go and leave the losses for others? >> reporter: christine le guard is finance minister of france which has already imposed even tighter restrictions that include caps on bank pay. there are many people in business who think it's a mistake for government to get involveed in regulating pay. >> i absolutely agree with them. except in the financial sector. the financial institutions are special. we need them. and they need us
from pittsburgh, here's anthony mason. >> reporter: this is now officially the world's financial board of directors. in pittsburgh, the leaders of the 20 largest economies agreed to coordinate policy to prevent another global crisis. >> never again should we let the schemes of a reckless few put the world's financial system in our people's well-being at risk. >> reporter: the g-20 endorsed new guidelines for the global economy that include a requirement that banks hold more...
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Sep 27, 2009
09/09
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i'm anthony mason and this is sunday morning. autumn is is an exciting time for detroit's big three, a season for rolling out their brand new cars to the acclaim of eager buyers. this autumn, however, the only u.s. auto maker with much to be excited about is ford which leads to an obvious question. could it be in the words of its old ad campaign that ford really does have a better idea? martha teichner will report our cover story. >> reporter: the famous ford blue oval. what do you think it's worth? in 2006 in order to stop a hemorrhage of red ink, the ford motor company borrowed $23.5 billion and hired a ceo who had never worked a single day in the car business. crazy? maybe not given that ford didn't go bankrupt and didn't ask for a government bailout like g.m. and chrysler. later this sunday morning, ford. out front on detroit's rough road to survival. >> mason: getting straight to the point is one approach to high stakes diplomacy and one veteran of america's foreign policy battles knows just how to do it with style. this mor
i'm anthony mason and this is sunday morning. autumn is is an exciting time for detroit's big three, a season for rolling out their brand new cars to the acclaim of eager buyers. this autumn, however, the only u.s. auto maker with much to be excited about is ford which leads to an obvious question. could it be in the words of its old ad campaign that ford really does have a better idea? martha teichner will report our cover story. >> reporter: the famous ford blue oval. what do you think...
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Sep 11, 2009
09/09
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anthony mason. >> reporter:s. >> reporter: in the heated debate over health care reform -- >> we willrance companies accountable. -- the insurance companies have been matt villains. >> will is no business in america that makes more money than the insurance industry. >> reporter: the reality? that's simple in the not true. the health insurance companies make $11 billion in profits in 2008, but other medical industries made far more. the top five drug company, for example, made $35 billion. in fact, overall, health insurance ranks as only the 86th most profitable industry in the country earning mts more than three cents profit on every dollar. >> the insurance companies are not the major drivers of cost inflation. >> reporter: but they have been fairly targeted for denying coverage. >> more and more americans worry that if you move, lose your job, or change your job, you'll lose your health insurance, too. >> reporter: the insurers are aggressively fighting a so-called public option because they're afraid government competition will put them out of business. but karen agnoni says the in
anthony mason. >> reporter:s. >> reporter: in the heated debate over health care reform -- >> we willrance companies accountable. -- the insurance companies have been matt villains. >> will is no business in america that makes more money than the insurance industry. >> reporter: the reality? that's simple in the not true. the health insurance companies make $11 billion in profits in 2008, but other medical industries made far more. the top five drug company, for...
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Sep 25, 2009
09/09
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anthony mason, cbs news, pittsburgh. >>> it's reported this morning that rap has told u.n. nuclear inspectors it's now operating a second uranium enrechment plant. iran has ignored u.n. security council sanctions aimed at stops its nuclear program, but the security council is pressing ahead on reducing the nuclear threat. chairing a council session yesterday, president obama won unanimous approval of a resolution to slash 1k3ising nuclear arsenals and to stop the spread of nuclear weapons to more countries. >>> there is now word this morning that five u.s. service members died in attacks in southern afghanistan. three died in a roadside bombing yesterday. one was shot to death by insurgents, another died in attack while on patrol. >>> just ahead on the morning new, a long time kennedy ally is appointed to his senate seat. >>> plus, texting truckers. the push to prevent distractions on the road. first, katie couric has a preview of tonight's "cbs evening news." >>> a deadly virus is killing salmon in chili and that's causing problems on dinner tables right here in the u.s. w
anthony mason, cbs news, pittsburgh. >>> it's reported this morning that rap has told u.n. nuclear inspectors it's now operating a second uranium enrechment plant. iran has ignored u.n. security council sanctions aimed at stops its nuclear program, but the security council is pressing ahead on reducing the nuclear threat. chairing a council session yesterday, president obama won unanimous approval of a resolution to slash 1k3ising nuclear arsenals and to stop the spread of nuclear...
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Sep 18, 2009
09/09
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all right, anthony mason, thank you. there is another big development tonight in the terror investigation that led the f.b.i. to search homes in new york city and denver. cbs news has learned the central figure, the najibullah zazi, has admitted to having ties to terrorist activity. here's chief investigative correspondent armen keteyian. >> reporter: u.s. intelligence sources tell cbs news that after three days of intense questioning, f.b.i. agents in denver cemented zazi's connection to terrorism. but at this time, there is no information about an imminent plot against the united states. cbs news has learned several key details in the case against the 24-year-old afghan national. sources say the formula for the powerful explosive t.a.t.p., also known as organic peroxide, was found in a computer in zazi's possession, confiscated by the government. zazi's frequent communication with a known al qaeda contact in pakistan who told him what to say if arrested by authorities. in one such conversation, there was a reference to
all right, anthony mason, thank you. there is another big development tonight in the terror investigation that led the f.b.i. to search homes in new york city and denver. cbs news has learned the central figure, the najibullah zazi, has admitted to having ties to terrorist activity. here's chief investigative correspondent armen keteyian. >> reporter: u.s. intelligence sources tell cbs news that after three days of intense questioning, f.b.i. agents in denver cemented zazi's connection to...
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Sep 23, 2009
09/09
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anthony mason tells us it's a model of how to turn an economy around. >> reporter: on the outskirts ofic car gets a test run. is there a remote control for this thing? >> there is no remote control. it drives itself. >> reporter: developed at carnegie mellon university, it's guided by radar, g.p.s. and lasers. >> the thing spinning on top is laser. it's actually 64 lasers. >> reporter: in a way, this robocar is emblematic of this remarkable turnaround in this old steel town. testing engineer bob bitner used to work in a steel mill. do you feel personally reinvented in a way like the town is? >> i suppose i do. >> reporter: the new pitts fwhaurg will play host to world leaders this week is a potent symbol of economic recovery in a time of financial crisis. >> >> by pittsburgh standards, these aren't tough times. we've been there. >> reporter: 30 years ago, more than a quarter of pittsburgh's jobs were in manufacturing. today it's just 10%. but the region now has well over a million employees, more than in the last great years of the steel industry, and its unemployment rate is nearly tw
anthony mason tells us it's a model of how to turn an economy around. >> reporter: on the outskirts ofic car gets a test run. is there a remote control for this thing? >> there is no remote control. it drives itself. >> reporter: developed at carnegie mellon university, it's guided by radar, g.p.s. and lasers. >> the thing spinning on top is laser. it's actually 64 lasers. >> reporter: in a way, this robocar is emblematic of this remarkable turnaround in this old...
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Sep 15, 2009
09/09
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today, katie, 61%. >> couric: anthony mason. thank you, anthony. now to the case of annie le, the yale university graduate student who was slain last week just days before she was to be married. as the search goes on tonight for her killer, the police& reportedly have someone in mind. randall pinkston is following the investigation. >> reporter: the search for annie le's killer is apparently focused on this man, 24-year-old raymond clark, according to cbs affiliate wfsb. they say police are calling him a person of interest in the case. public records show clark is an animal technician at yale and lives in this rented apartment building in middletown, connecticut. the web site shows his office at 333 cedar street, the same building where annie le had an office, the building where she left her personal belongings last tuesday before her final walk to the lab building four blocks away. her body was found sunday, hidden behind a basement wall. clark also worked in that same lab which requires magnetic swipe cards like these to gain access to all corrid
today, katie, 61%. >> couric: anthony mason. thank you, anthony. now to the case of annie le, the yale university graduate student who was slain last week just days before she was to be married. as the search goes on tonight for her killer, the police& reportedly have someone in mind. randall pinkston is following the investigation. >> reporter: the search for annie le's killer is apparently focused on this man, 24-year-old raymond clark, according to cbs affiliate wfsb. they...
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Sep 10, 2009
09/09
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anthony mason continues our users guide to health care. >> reporter: in the heated debate over health care reform... >> we will hold the insurance companies accountable. >> reporter: ...the insurance companies have been made the villains. >> there is no business in america that makes more money than the insurance industry. >> reporter: the reality-- that's simply not true. the health insurance companies made $11 billion in profits in 2008, but other medical industries made far more. the top five drug companies, for example, made $35 billion. in fact, overall, health insurance range as only the 86th most profitable industry in the country, earning little more than three cents profit on every dollar. >> the insurance companies are not the major drivers of cost inflation. >> reporter: but they have been fairly targeted for denying coverage. >> more and more americans worry that if you move, lose your job, or change your job, you'll lose your health insurance, too. >> reporter: the insurers are fwraefl fighting a so-called public option because they're afraid government competition will p
anthony mason continues our users guide to health care. >> reporter: in the heated debate over health care reform... >> we will hold the insurance companies accountable. >> reporter: ...the insurance companies have been made the villains. >> there is no business in america that makes more money than the insurance industry. >> reporter: the reality-- that's simply not true. the health insurance companies made $11 billion in profits in 2008, but other medical...
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Sep 24, 2009
09/09
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anthony mason, cbs news, pittsburgh. >> couric: and in politics, just hours after the state legislature gave him the power to appoint a successor to senator ted kennedy, massachusetts governor deval patrick today named paul kirk to fill the seat. kirk, a longtime kennedy aide, is a former chairman of the democratic national committee. he'll serve until voters choose a new senator in a special election in january. and coming up next here on the cbs evening news, real progress in the fight against aids, an experimental vaccine that seems to be effective. when morning comes in the middle of the night, [ rooster crow ] it affects your entire day. to get a good night's sleep, try 2-layer ambien cr. the first layer dissolves quickly... to help you fall asleep. and unlike other sleep aids, a second dissolves slowly to help you stay asleep. when taking ambien cr, don't drive or operate machinery. sleepwalking, and eating or driving... while not fully awake with memory loss for the event... as well as abnormal behaviors... such as being more outgoing or aggressive than normal, confusion, agitati
anthony mason, cbs news, pittsburgh. >> couric: and in politics, just hours after the state legislature gave him the power to appoint a successor to senator ted kennedy, massachusetts governor deval patrick today named paul kirk to fill the seat. kirk, a longtime kennedy aide, is a former chairman of the democratic national committee. he'll serve until voters choose a new senator in a special election in january. and coming up next here on the cbs evening news, real progress in the fight...
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Sep 17, 2009
09/09
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as anthony mason tells us, for nearly 50 years, she spread a musical message of peace, justice, and lovever this land. ♪ if i had a hammer ♪ >> reporter: she was the striking blond between the two bearded beatniks. and when peter, paul, and mary burst on the scene in 1962, folk music suddenly had sex appeal. their debut album spent seven weeks at number one. alan grossman, later bob dylan's manager, put the group together, matching mary travers with peter yarrow and paul stookey, and they'd be the first to take a dylan song up the charts ♪ the answer is blowing in the wind ♪ >> reporter: blowing in the wind" which they performed at the march on washington in 19 63 would become a civil rights and anti-war anthem. ♪ how many deaths will it take to denote that too many people have died ♪ >> that music was right, right there at the right time with the right message. and we were in the thick of it. >> reporter: but as travers told "sunday" in 1984. >> folk music isn't just protest songs. it's love songs. it's children's songs. >> reporter: their hit, "puff the magic dragon" rumored to be abou
as anthony mason tells us, for nearly 50 years, she spread a musical message of peace, justice, and lovever this land. ♪ if i had a hammer ♪ >> reporter: she was the striking blond between the two bearded beatniks. and when peter, paul, and mary burst on the scene in 1962, folk music suddenly had sex appeal. their debut album spent seven weeks at number one. alan grossman, later bob dylan's manager, put the group together, matching mary travers with peter yarrow and paul stookey, and...
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Sep 15, 2009
09/09
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anthony mason reports. >> reporter: the day lehman brothers went bankrupt the financial land escape changed rues the day that if it let lehman brothers fail. >> reporter: a year later, the crisis is still unfolding. the dow's down more than 1,000 points unemployment is close to 10%, and the government has pumped trel krons in to propping up the economy. insiders tell cbs news they warned a government about a potential collapse. >> we warned about downsizing the largest mega institution. we have a situation now where only four mega banks are controlling nearly half of all the financial assets in the country. that's a recipe for disaster down the road. >> reporter: treasury secretary geithner says the banks are more stable. >> actually, the banks as a whole are again in a much stronger position today than they were nine months ago. >> reporter: but people we spoke to say more banks could fail if congress doesn't act. >> if you're too big to fail, you're too big to exist. >> reporter: according to a new poll seven out of ten americans say the government hasn't taken safe guards to prevent anot
anthony mason reports. >> reporter: the day lehman brothers went bankrupt the financial land escape changed rues the day that if it let lehman brothers fail. >> reporter: a year later, the crisis is still unfolding. the dow's down more than 1,000 points unemployment is close to 10%, and the government has pumped trel krons in to propping up the economy. insiders tell cbs news they warned a government about a potential collapse. >> we warned about downsizing the largest mega...