but judge calabria says this is necessary.ften he is sees 12 or 13-year-olds who have assaulted people with knives. and mothers are little help, not even with the youngest defenders. >> oddly enough, there are women who are against us, even though they know that our actions are the only way to keep their kids out of prison, or even keep them from getting killed. >> currently, on judge di bella's orders are living with host families far away from their criminal families. he served time for armed robby. like so many kids his age, he said he was dreaming of getting rich. after his final exams he's planning on studying law and become an attorney. >> i decided on law because of my father. in some cases, he was wrongly convicted, and that hurts. i'm hoping i'll be able to overturn these miscarriages of justice someday. >> judge di bella weems his challenges. through legal channels, he says with his experience, he could even imagine him as a fellow judge one day. >> why not? anyone who works in the justice system is checked out. anyt

and in calabria have infiltrated the sophisticated criminal organizations known as the saga. in the gambino crime family. of course minister. using techniques like undercover officers and court authorized wiretaps american and italian long for spring. determined to beat the drop of a team to move deadly narcotics across international boundaries attempting to build a bridge of criminality and corruption to stretch from south america to italy. back to your officials and enter countries in the country's prevented the delivery to italy of hundreds of kilograms of cocaine hidden in shipments of coconuts and pineapples that during the two year investigation authorities say they seized hundreds of thousands of dollars during the operation the long as the sun sets over the lindsay park in sochi most would assume that the action is coming too close for the day but for some people who have taken it upon themselves to save the city stray dog population the night is when the covert activities begin. alarmed by reports that sochi authorities have contracted pest control friends to kill th

calabria, maybe you would like to respond. ms. mccloskey or any three of you would like to respond to that. >> let me first emphasize something asked in the earthquake which i do think policy has been a tremendous drag. chair yellen mentioned earlier the tax increases, where the timber company we've seen in the fiscal cliff. i think it's important to keep them on all the talk about austerity. almost all of the deficit reduction has come from revenue raisers, not spending cuts, been quite modest i think that's been a mistake. certainly on the regulatory side, i also think it's been a mistake as well so i think we need to fix policy that is outside the realm of the fed and we need to recognize that you can only do so much. as you alluded to, there's a tremendous amount of cash on the corporate balance sheets, over 2 trillion. about 1.7 in cash on bank balance sheets so it's not a deficit. so i will repeat something that chair yellen said, earlier which is monetary policy is not a panacea. i think that's what we need to recognize and

all the no legal or illegal i may be many or uganda every year on average two murders committed in calabria the youngsters from kentucky to class. you simply never killed anyone. but he says it would only have been a matter of time. he's hardly ever seen has fallen out of jail as a child he visited him once a week. jason and amy had renounced his criminal career but his father and wasn't because of its problems. popo was never home it's what little time i had with them will never forget as every little gesture. i still sizzling hot sharon is in. and in eighteen ninety as a juvenile prison social educators work with young offenders in china to try them out of the world of drug dealing and family feuds and then test. the bbc should be making it's very hard and because we have to challenge the father to hear everyone identifies with their father mother or grandfather in law to these youngsters saying no to that empty tummies breaking their emotional ties to their families. but don't eat them says this is essential that the crimes they are committing their increasing and brutality often he sees

at the same time italian authorities nabbed associates of another crime organization in the calabria region of italy. >> american law enforcement determined they aimed to move deadly nor cottics across boundaries, attempting to build a bridge of criminality and corruption, stretching from south america to italy and back to new york. >> five of the suspects live in new york, including a bakery owner. according to the indictment, the the father-in-law is a member of androgida. italy's version of the mafia. >> they sold allegedly a kilogram of heroin and plotted to ship 500 kilos of cocaine from south america to italy, concealed in frozen food. it was the first time they attempted to gain a toe hold in the u.s. >> translation: they can and have to be considered a powerful organization for handling of international drug trafficking. >> they maintained a money laundering network, handling proets from narcotics. >> it is often said that sports is a mike row cos im of society. when it comes to socialish use it may have led the way to social acceptance and change. michael eaves joins us. we

let's discuss this a little more with mark calabria, director of financial regulations studies at the cato institute and edward pinto from american enterprise institute's international center on housing risk. guys, if indeed subprime is back, what does it mean, mr. pinto, for us taxpayers? >> i think you need to realize two immutable laws of lending. lenders will lend as long as there is somebody willing to buy that loan or guarantee it. second, politics will always act to weaken lending standards over time. you are seeing both in action here. all these loans will be guaranteed by fha and securitized with a guarantee from ginnie mae so you have the first thing in place, the loans will be guaranteed by the government. secondly, you have the government saying we want you to do this lending down to hud would prefer they go down to 580 but in this case, they went to 600. these loans between 580 and 600 have about a one in three chance of foreclosing under stress, a stress event like we just went through in 2007. why? they have downpayments that round to zero, very high debt ratios and of

allen pizzey is in reggio calabria with a video you'll see only on "cbs this morning." good morning. >> reporter: good morning, charlie, norah. breaking a new drug smuggling route that runs from the southern italian point of goia tauro and links the organization with one in the u.s. the italian rigs were code named "new bridge" and 150 police tasked with hitting up to 20 locations. as the convoy sped on to the main road they split up heading for what they called objectives in suburbs and surrounding areas. being conducted in the dead of night under strict rules of secrecy because this entire area is infested with the local version of the mafia which means they literally have eyes and ears everywhere. five car loads of police arrived at this location so fast -- >> follow the car. follow the car. >> reporter: that the target only knew he was about to be arrested when the officer in charge knocked politely on his door and said good morning. the head of the surprisingly modest household is an alleged member of the ndrangheta tight-knit operation in heroin and cocaine smuggl

authorities believe that the calabria mafia, is beibehind a ring of drug trafficking between south and united states and italy. so far, 17 people have been detained in italy in connection with the sting. the fbi arrested seven people in new york. >> 22 years. that is the expected sentence today for a richmond man who admits to hold in a female relative as a sex slave for 15 years. raul ochoa pleaded guilty earlier this month to a long list of charges. prosecutors said that the abuse starter when the victim was just 12 years old. he had complete control over her, until she finally told family members at the age of 27 and escape. he is in court for sentencing this morning. >> pg&e announce plans to install several security measures at a number of its substations, this is after a shooting on one substation in south san jose last april which some are now calling an act of terrorism. >> the plan includes the installation of opec walls, and an increase in local police and security patrols. there is a downside for customers though, to pay for these measures, pg&e is looking at possible rate i