bling?> i think people are going to continue talking about turning to friends and family and building relationship. more so out of necessity than a deep seeded shift in beliefs. this relationship building, the price is right, first of all. and secondly, you know, they need support at this time. so it's not that people don't care about keeping up with the jones' anymore, they are sort of tempered that a little bit and may see more of that coming back. >> john, in a natural disaster, people tend to come together a lot more. all this individualism goes out the window. this financial disaster is the same way. i will say this, john, there's a big debate whether the economy, not look good. people are talking about this unemployment staying at 7% issue three, the demand deficit >> it's been hard. right now i'm unemployed. >> jobs are scarce. not a little, a lot scarce. >> oddly, the more americans spend and the less they save makes the economy better. almost 3/4 of our gdp, 70% comes from consumer

oh, not so bling. what? let me get rid of this thing, man! this has to go by the side. >> that's the gentleman. you ever heard of him? tavis: absolutely. laid out d.c. >> that's right. carved the watch out of wood that ran correctly for 50 years. tavis: i got me some bling! oh, yeah. i like it. i can rock that. i can rock that. oh, yeah. now, if i just learn a few steps to go with it -- >> oh, yeah. i don't want you to do that. i might take out your job. tavis: oh, no. i will drop one right in the chair. otis, good to see you. terry, good to meet you as well, man. that's our show for tonight. catch me on the weekends on pri, public radio international. you can access our radio podcasts at pbs.org. thank you for watching. until next time, keep the faith. >> for more information on today's show, visit "ta >> and from contributions from viewers like you. thank you. ng blues music] ♪ (raggs) ♪ pawsuuup, everybody ♪ diddy-do-wah-day ♪ the raggs kids club band is coming down your way ♪ ♪ we've got a song to sing ♪ we got something to say ♪ the ragg

until then, bling will go on. there will be lots of public anger. a lot of that will focus on the mayor of duisburg. lot of people believe he is ultimately responsible. politicians in germany are saying he should shoulder the political responsibility and step down, but hhas not do so. >> the german foreign minister has underscored turkey's privileged partnership with europe, saying its future with the eu -- he told the foreign minister turkey's bid to join the eu is not a foregone conclusion. he also focused on iran's nuclear program. turkey criticized a recent decision against iran. they agreed to run's nuclear program was unacceptable. the eu has added access to clean water to its definition of human rights. people worldwide live without reliable sources of drinking water. un health analysts say dirty water kills 1.5 millili children every year. the declaration has no legal standing advocates hope its inclusion as a human right will increase global awareness. the u.s. state of arizona says it will appeal a judge's ruling blocking key parts of a ne

bling beckham met loans to property developers and others. -- this building boom that loans to property developers and others. this is terrifying. 40% of those loans are going bad. is the spanish government pruning the banks sufficiently? >> it is too late. i hope they do enough. now the stress tests will show whoever is weak, to allow them to get some private money. i think it is the government that will have to pay, to merge them, to shut them down. >> and if they can strengthen the savings banks their mergers, that will mean this measure is not universally possible -- popular. many banks are perceived to have too little capital to ignore potential losses. how much capital banks across europe before it to raise? the signs are it will not be a big sum of money, but that is not necessarily good news, because investors and creditors may fear that governments are in denial about the painful reality. if these creditors continue to start banks of violence, we could be back in the shadows of the banking crisis. bbc news. >> it is one of the biggest scientific projects in the world. the large

. >> they're making a policy decision and fwam bling with lives and properties of the citizens and it's bad. >> from city hall and beyond, real people are caught in the middle of the fiscal crisis. >> just disappointed and frustrated. all of those things we've done to get to this point is gone. >> and everyone hopes some kinld of deal can be reach sod 49 laid off firefighters can be reinstated. the city is now asking for binding arbitration. >> and thank you very much. >> other news now. the contract dispute hitting bus drivers against ac transit won't be solved before monday leaving riders wondering again if buses will run this weechblgtd today the union asked a judge to interseed. -- interior seed what. did the judge have to say to that? >> reporter: she said she needs to think bit for a little while in the monday. ac transit says it has to close a projected $56 million budget deficit over two years. and that it had to impose a contract for a quick $16 million savings. >> ac transit bus drivers and mechanics have been working under an imposed contract since july 18th. today, lawyers f

reach a similar deal with cries in just tart up the talk center on the price girls will get for some bling the car. and russia's largest producer of potassium carly has ambitious plans to fertilise the world the company's co owner the billionaire some gay man karimov has plans to combine with his a belorussian rival he's offering seven point five billion dollars for a fifty one percent stake in bellerose tali is already in talks with russian rival sylvie meter. and that's all of business news for now but you can always find more stories on our website r.t. dot com slash business. comes with the future. job just received an escape from a cinema and landed in a movie. shot on special senses scream street your stereo display a life no glasses no problem the fictional world of three d. consciousness is your dangerous journey. we've got the central. state has provided citizens with. a child so full of himself the fabric of the last couple of months of the chat i'll tell you had a problem like. the one the government since tank. on my flight. right up to. palin the killing and dramatic. such. he

way and that having the larger security detail or having more armored vehicles and national security bling as they call it doesn't mean that that's making our country any safer i thank you so much for being here jim thank you are we taking a break but don't go anywhere there's still a lot more to come in tonight's show it's no secret that the u.s. is suffering from employment numbers yet here in d.c. where the lawmakers and government workers live and employment seems to be a non issue in fact most people in washington think the country's you're in just fine so why is that because radio host tom hartman to get his views on d.c. from outside the beltway right after the break. still to. stick close to see. chris. democrats and republicans have been battling battling it out over whether or not to extend unemployment benefits for weeks now their partisan bickering is left the fate of two point five million long term jobless americans at risk and obama had a few words to say to them about that today. these leaders in the senate who are advancing a misguided notion that emergency relief somehow

it's the current home of a member of the bling ring, accused of burglarizing lohan's home. it may have been a life spinning out of control. now, law enforcement says this talented, young actress may be getting her act together. >> she has been extremely cooperative. and everything is going smoothly. >> reporter: lohan with her attorney, was tearful during her sentencing earlier this month. now, the actress seemed composed and showed little emotion as she accepted her punishment. >> i appreciate very the fact that she accepted responsibility, and stepped up to the plate and is doing what is asked of her. >> reporter: her father went on "larry king live." >> she is fighting demons with everything she's going through. >> reporter: the jails are so overcrowded, lohan may serve just 2 weeks of the 90-day sentence. once released, she'll have to enter rehabilitation for three months. this time, california courts do not want to hear any excuses. for "good morning america," mike von fremd, abc news, los angeles. >>> and coming up in our next half hour, the tips that saved one family

we learned that in fiscal year 2009, federal agencies are estimated to have made $98 bling in improper payments. you don't have to be a democrat or republican to know this is unacceptable. it's just common sense. my simple amendment to this bill reiterates that all the funds authorized in this act must be spent in compliance with the manuals of standards of ethical conduct for the employees of the executive branch. it's our duty to allocate dollars in a measured, responsible way. we know congress must do more to reen in wasteful spend -- to rein in wasteful spending. it's our job to make sure money is allocated in the appropriate way by federal agencies. we are far too accustomed to federal dollars being used inappropriately. the homeland security's office of inspector general noted that $240 million of improper expenses were charged to fema credit cards. these reports show the need for congress to to hold agencies accountable and create a system in which waste, fraud and abuse are eliminated. yesterday the house took an important step toward this goal when it passed a bill to identify

in the opinion of the chair, 2/3 bling in the affirmative, the rules are suspended, the bill is passed and without objection the motion to reconsider is laid upon the table. for what purpose does the gentlelady from nevada rise? >> mr. speaker, i move to suspend the rules and agree to the resolution h.con.res. 266. the speaker pro tempore: the clerk will report the title of the concurrent resolution. the speaker pro tempore: house concurrent resolution 266, concurrent resolution expressing the sense of congress that taiwan should be accorded observer status in the national -- the international organization, icao. the speaker pro tempore: pursuant to the rule, the gentlewoman from nevada, ms. berkley, and the gentlewoman from florida, ms. ros-lehtinen, each will control 20 minutes. ms. berkley: i ask unanimous consent that all members have five legislative days to revise and extend their remarks and include extraneous trl on the resolution under consideration. the speaker pro tempore: without objection. ms. berkley: mr. speaker, i rise today in support of h.con.res. 266, expressing the

. >> so you had a book of $78 bling of exposure by 2007 and you didn't become aware of it until then? >> what i was receiving was red lar reports from not only mr. casino on his business but also mr. lewis and mr. mcgan on a.i.g. fp's business in its totality including the credit default wap portfolio. but to the best of my knowledge i did not recognize thht portfolio and there were no questions raised that would have given me concern. >> in the management report sent up to the parent company would the information have been there that the exposure had gone up all the way up to $78 billion in 2007? that would have been in the manage rmt reports floating up. correct? >> yes, sir. >> secondly, i want to talk about these, that these were rpttive multisector cd onches. but we looked at a sample of some of these, and in 2004, 2005, 2006, there were almost overwhelmingly residential backed and very substantially subprime. for example, in the survey we did of some of these cdos that you issued protection on, 84% were backed by rmbs residential mortgages. in 2005, 89% in 2006. and an example o