an american court says newspaper barron conrad black should serve more time for defrauding investors.he actor, peter faulk, who played column bo for more than 30 years, has died. >> hello and welcome. tens of thousands of people have again taken to the streets in towns and cities across syria. clashes and death continues. reports suggest that 15 people were killed in the latest protests calling for the removal of president bashar al-assad. the e.u. has extended sanctions against the syrian regime. our correspondent reports from the syrian capital, damascus. >> 100 days since the up rising started, and protestors are king with their call for change. despite violence and killings, they are out in big numbers. it has spread across the country, starting from the center, and the city in the city, the two cities that have faced crisis in the recent days. they are the birth place of serious upricings. in past days, many have been called south of damascus. security forces reportedly fired at protestors as they were leaving. he was the first to be killed today, his mother morning her loss. but

the barron's article raisedu+m'ó this article comes out and causes a stir in the office? >> yeah. of people knew about the barron's article, and people were... were, you know, having side conversations about it. but at the time, you know, he was a... supposedly a very respected person on wall street. >> smith: casey and markopolos hopethe articles would prompt.he it had been more than a year since markopolos had submitted his memo. >> the sec's going to swoop in. we're all sitting around, calling each other up, and emailing each other, "it's going to happen soon, boy, the sec's on it." nothing happens.bçk >> smith: but over at fairfield greenwich, now headquartered in new york, the articles did get some attention. jeffrey tucker, the senior partner who'd first begun their business with bernie madoff, went over to the lipstick building. he wanted to verify fairfield's holdings, at that point worth =lz he met with bernie and frank dipascali. according to investigators, madoff showed him records of trades, and named a third party who had cleared them. tucker didn't ask for any verifi

and worse, it's american companies that are keeping these oil barrons in business. someone has to send them a message. >> first question, well, evil canada, we've been doing business with canada for many years. we may have small differences but we are really cut from the same cloth. >> really, you're okay with canada? >> canada's fine. >> well, what would you do if your daughter had her health care paid for by the government. as a father how you could live with yourself. >> i could live with that. >> and you call yourself an american. >> you disgust me, sir. also, do you have some kleenex because i'm starting to con guil a little bit here. >> sure the propaganda sounds great, until you talk to those who have managed to escape the evil map el regime. >> so you are canadian refugees. >> ah, we were born and raised in toronto. >> what was it like living in that repressive regime. >> oh, what's this show all about? >> yeah what is about it? >> it's the daily show with jon stewart. >> oh. >> that's that show where they make you look silly on. >> make you look stupid. >>

where you do not need quite as much funding as ever, but some of the people who today are seen as barron's -- barons started off with a pretty defined journalistic crusade in their mind, and most of the time in their own minds, it was progressive. i think that the dollars are more available than ever for people with an agenda, but the ability to spot the quality voices is a little bit harder now that they are so numerous. >> there will always be a market for investigative journalism. i do not know that it is the type of financial journalism that was referred to before, but i think that there will always be people willing to also spend the time to listen to that type of reporting or even to read it online. there is no doubt that investigative journalism will continue to flourish. simply as a longer format journalism. yes, i think that that makes a lot of sense in terms of what the audience wants, and it is probably what is also defined as for aggressive journalism. i think we should probably define our terms. what does that really mean? how is bloomberg doing progress of journalism? we may

did he ask barron for the money? that, that's very important to this case. that'shy andrew young's testony bo was apparently the intermediary is going to be the absolute center piece of this case because he is going to characterize edwards behavior in a way that-- . >> rose: that he went as edwards agent to do this and under his instructions. >> correct. we know from game change, we know from young's own book, the politician, some of this. but it's-- i mean his testimony is going to be critical. >> rose: pete, do you know anything about the question that he raises as to whether edwards was personally involved in this in terms of what we know from either law ensources or those who cover the campaign. >> the government is making an allegation that he was involved in a conspiracy, that certainly included, whether he solicited the money directly or not, that he was involved in decisions not to tell the federal elections commission about it. that he had has other points of involvement in the conspiracy. back to bunny melon for a moment and the fact that she is 10

melon, a philanthropist, who lives in the state of virginia and now deceased attorney named fred barron, who lived in texas. these two people kicked in, we've called it a million dollars, according to documents, we're talking roughly 925, $50,000. >> sounds like we lost joe. can you hear us? sounds like we lost joe johns on the phone explaining those federal charges. we will actually get more analysis on the story in a few minutes with cnn legal analyst jeffrey toobin and ask him about the possible punishments now that edwards is indicted. where does this go from here and could other people also face charges? the unemployment report for may is out today and it is ugly. the labor department says the economy added just 54,000 jobs last month. experts predicted the may increase would be three times that number. it was enough to bump up the overall employment rate a notch to 9.1%. >>> stocks are sinking because of concerns the economic recovery may be puttering. right now, the dow jones industrial average is down 65 points. >>> yemen is on the brink of civil war. tribal fighters launched a

all it takes is one billionaire hedge fund manager or two billionaire brother or a bit well barron's mad that he raise their taxes there drop five hundred million bucks maybe a week's worth of their income to drop that into the twenty twelve elections and basically buy the white house for whoever they want and same is true the senate the house the president doesn't have true power it now does nor does any member of congress its actually own the supreme court and five justices who are wholly owned by corporate interests thomas jefferson the author of the declaration of independence and the third president of the united states feared this exact thing happening but in the second year of jefferson's presidency in the fourteenth year of our constitutional nationhood the supreme court took for itself a power that is not granted to it in the constitution nowhere in the constitution does it say that the supreme court can strike down laws like campaign finance laws passed by congress and signed by the president nowhere in fact the year before the constitution was ratified in seven hundred eig

john barron's wrote the following about savannah. maybe a little softer look. for me savannah's resistance to change with his savings greece. the city looked inward and sealed off from the malaises and distractions of the world of large and in such a way that as people flourish like hothouse plants tended by a gardiner. it can extraordinary. eccentrics thrive every job of personality achieved greater brilliance and a large enclosure them would have been possible anywhere else in the world. thank you very much for your attention to the [applause] if anybody would like to ask any questions or would be glad. yes? >> you talked about the historical preservation and mentioned a lump bunch of little old ladies in tennis shoes his name was john and he was involved in the community by community was also very involved pretty early on as well. have you been applied in the community for savannah or did that just start in the 20th century? >> i didn't understand the last part. >> has been a thriving gay community in savannah for a really long time or just since the 20th ce

the bay forecast 96 day above mid '80s at a later on barron. >> a fund has been established for the 28brothers that were evacuated from their home yesterday because of a fire. you can see the smoke and flames coming from the building then they were carrying fraternity at houses have taken these members and. basically they have to start over. . >> they are also going ditcher retry barry bonds on three counts of steroid use. he is accused of lying to a federal grand jury when he denied knowingly took steroids and growth hormones. he is accused of giving evasive testimony to the grand jury. they will be in court friday to reset the date for these trials. >> a live look outside very quiet and very clear. >> >> i shocking crime in sacramento after months of investigation they arrested of a woman for putting her six week old job in a microwave. >> people are still trying to process what that their young neighbor is accused of >>> back in march the 29 year-old said that she blacked out when she put her week-old baby into a microwave perry. the baby was filed with first, second, third returns.

but a very large data breach creates a barron patterns, which creates spikes of activity aberrant patterns, which treats spikes of activity. >> do any of you have examples of the ftc inability to enforce the law? ok, can you please elaborate further on why you need this -- when you think this definition of personal information is too narrow? >> i think the definition that i propose follows with examples included in the bill and is, -- and is common sense. the ip address poses a risk because it could be personally identifiable. lowest helps people understand. but if the list is limited, i think we have a problem. >> thank you. >> thank you. the chair recognizes mr. olson for five minutes. >> thank you. i would like to welcome the witnesses. my first two questions are for you, mr. goldman. what is the chamber's view about items are recovered? >> generally, we have supported carve out some midget car alps -- carve outs. >> ok. one witness stated that the ftc thought that a reasonable risk was the right thing because erring on the side of caution was necessary. >> the chamber does support a si

mellon 100 years of age tough to testify at that age, and fred barron who is no longer with us.hose two donors of the information that at least we know that mellon might provide and help or hinder edwards' case? >> well, it is all about those donors, because the government has to prove they were in fact campaign contributions, and in order to prove that, they have to prove that the correct shuns were made, and that their personal expenses of course of rielle hunter, and they have to prove those contributions werer meant to keep the campaign alive and not just meant to keep it at secret from elizabeth edwards who we know was stricken with cancer at that time, and who has died since. so those are fact issues. if bunny mellon can get on the stand and say, well, no, john edwards didn't know anything about it, and that is the second element that joe johns said, they have to prove these were campaign contributions and were being paid, they have to have bunny mellon get on the stand and say, these were in fact contributions so that the campaign, the 2008 presidential campaign could be

another complication here is that the two people who gave the money, fred barron is dead. bunny mellon is literally 100 years old and may not be able to testify. the key witness is andrew young, the close aide whom edwards initially persuaded to say he was the father of rielle hunter's child. he's since turned on edwards. he is likely. certainly the evidence of the indictment suggests edwards knew this was a campaign prosecution and the prosecution knows he'll bury john edwards. >> he'll take the stand assieh i made sins. >> what if the government could play the videos of him going to barbara walters saying -- >> disagree. disagree. >> go to the stand and look the jury in the eye and say mea culpa. i've acknowledged the sins, not the illegality. there's never a case like this. moreover. >> i would let the lawyers suggest. >> he would say it more effectively. why did he not bring it a as a civil case. the question comes why do you not bring this as a civil enforcement action because there's nothing like this in the case books rather than jumping immediately to the criminal

other witnesses have died, fred barron, one of the donors.nd bunny melon, the other witness, she's 100 years old. this, i think, is going to be quite a difficult case for the prosecution to make. >> it's going to be probably a big mess. jan crawford, as always, great insight. thank you so much. >>> and now let's get to the rest of the other day's headlines. we stand by with cbs news correspondent elaine at the news desk. good morning. >> good morning. nato upped the ante against moammar gadhafi. british and french apache helicopters struck targets in several locations. until now, nato only used jets to launch air strikes. nato says the use of helicopters will make it easier to attack gadhafi forces, attempting to hide in populated areas. >>> five top members of the government of yemen are in saudi arabia this morning, being treated for wounds suffered in a rocket attack on the presidential palace. yemen is one step closer to civil war, following friday's attack that also injured president ali abdullah saleh. 400 people have died since january

his father was an alcoholic who rented him out to subsistence share farmers who captain barron barefoot in a shack. the marine corps was the only family he had ever known. he is looking around at the ten other marines. it is more than being a rather small more than loving each other. we are each other. we are each other. dave norman, 19 euro from ohio upon a helipad. he can hear the clanking of the soviet tanks. he can hear the trance, over the bridge. he is thinking, i don't mind dying with these men. i just wish i could get to see mom and dad one more time before i died. if i'm going to die i'm proud to die with these men. once they had opened the gates at this man arrested with a gun and been netted him. he stuck his finger in there. he lost consciousness for a moment. stuck a dirty rag in there. he wouldn't evacuated. el up on the roof picking through some of the clothes looking for clean t-shirt or at least not so much a dirty t-shirt so he could stuff up the policy, bloody wound. these men are all alone with their thoughts. not much younger it than the guys he is in charge of pret

another complication here is that the two people who gave the money, fred barron is dead.is literally 100 years old and may not be able to testify. the key witness is andrew young, the close aide whom edwards initially persuaded to say he was the father of rielle hunter's child. he's since turned on edwards. he is likely. certainly the evidence of the indictment suggests edwards knew this was a campaign prosecution and the prosecution knows he'll bury john edwards. >> he'll take the stand assieh i made sins. >> what if the government could play the videos of him going to barbara walters saying -- >> disagree. disagree. >> go to the stand and look the jury in the eye and say mea culpa. i've acknowledged the sins, not the illegality. there's never a case like this. moreover. >> i would let the lawyers suggest. >> he would say it more effectively. why did he not bring it a as a civil case. the question comes why do you not bring this as a civil enforcement action because there's nothing like this in the case books rather than jumping immediately to the criminal case where you

abelson, just in today's barron's.ome of the things he expressed unease about, very serious concern in his lead column for the barron's publication. he quotes a report from the -- the liseo report, phillipa dunning and doug henward reports, and he quoted from their signals. more than a little shocking to phillipa and doug and to us as well, referring to himself, is that private employment today is 2% below where it stood ten years ago. and as they have noted before, job loss over a ten-year period is unprecedented. in other words, over ten years, we have 2% fewer people working. the first time we have ever identified a ten-year period in our history, he goes back to 1890, that we have actually seen a decline in employment over ten years. so far -- and i'm quoting him now -- they point out somewhat grimly -- quote -- "we've regained just 1.8 million jobs lost in the great recession and its aftermath or about one in five." so we lost -- we only recovered about one in five of the jobs. we have been reading that job growth

the proposed cuts in the nation's budget might affect you is michael santoli, associate editor of "barron's." there are new things we heard in nancy's report but clearly you've got main programs that are going to have to be cut or at least parts that are going to have to be cut in order to get to the $2 trillion goal. namely the entitlement programs and defense spending >> right. >> let's start with social security. the white house estimates last year we spent $11.6 billion. this year the estimated amount on that is going to go up 8% to $12.5 billion. what's that really going to mean in layman's terms in. >> we need to deal with this on a long-term business. social security is okay for a number of years. we can continue to fund the program for awhile. the obvious things out there are perhaps a raising of the retirement age or at least making lower benefits available at a younger age or means testing social security which i think is not really on the table, it's too politically sensitive. in other words if you have a very high income maybe you get taxed on social security benefits so what it

joining us with more on that is associate editor at barron's. we have 227 million barrels of oil in these reserves, releasing 30 million of them. here in this country we use about 18 million barrels of oil a day. basically f you look at our use, this is just a drop in the bucket. >> it is. it's not necessarily going to overwhelm the oil market, not going to be the major swing factor in term of what energy prices do, but at the margin it definitely puts a little downward pressure on oil and gasoline prices and as you mentioned, it's kind of a global story here. the european governments are also releasing some reserves. we basically had a little bottle neck in supplies, especially for european refineries who need a specific kind of oil that libya used to provide that they can refine. >> it's not unprecedented to release some oil from our reserves in times of economic strain. in particular, we saw it out of katrina in 2005. we saw it in gulf storm in 1991. it's different now because prices have been coming down and now we're releasing it, versus pr

the round table of worldwide economic experts in barron's over the weekend just came out. it was very troubling to me. many of them have very serious concerns about the future. would we have a double dip? some seem to say "yes." and the president -- the presiding officer on the budget committee, senator coons, knows the numbers we're dealing with and the testimony we've had that indicates that mr. bowles, former chief of staff to president clinton, and alan simpson in their fiscal commission report said that we are facing the most predictable crisis in our history and that it could cause an economic -- economic difficulties for us soon. mr. bowles said two years, give or take. not our grandchildren, but soon. this is why the experts are -- so we've got a problem. i don't believe we have in the white house any call to the kind of action necessary to alter the debt trajectory we are on, which is unsustainable. i don't think the american people fully understand, but they understand enough to punish the congress in this last election. i'm afraid they're going to punish us agai