>> kroft: ...ould become the driving force for network executives. >> hewitt: all right, it looks like we'll have another good season. >> kroft: don had nominal bosses at both the news division and the television network, but the best of them allowed him to operate independently in his own fiefdom. cbs president and c.e.o. leslie moonves held him in awe. >> les moonves: he was unrelenting. he was unbelievably smart, incisive. he knew the medium as well as anybody i've ever met. >> kroft: moonves calls hewitt's contribution to broadcasting and to cbs "monumental." >> moonves: throughout the history of cbs, we've had a lot of great things that happened in our... at our network, from sports to entertainment to news. there is no show that meant more to that network then and today than "60 minutes". >> kroft: hewitt took great pride in the team he'd assembled-- the correspondents, the producers, the editors. he seemed to feed off the energy of his staffers, some of whom were young enough to be his grand

>> delahunt: no. >> kroft: because?lahunt: because i want to give those companies an opportunity to come before the committee. >> kroft: we did find one person who was willing to name names, inside this maximum security prison outside medellin. salvatore mancuso was once the leader of the paramilitaries. chiquita says the reason they paid the money was because your people would kill them if they didn't. is that true? >> salvatore mancuso ( translated ): no, it is not true. they paid taxes because we were like a state in the area, and because we were providing them with protection which enabled them to continue making investments and a financial profit. >> kroft: what would have happened if the companies had not paid? >> mancuso( translated ): the truth is we never thought about what would happen because they did so willingly. >> kroft: did they have a choice? >> mancuso( translated ): yes, they had a choice. they could go to the local police or army for protection from the guerillas. but the army and police at that time

it's basically a side bet. >> kroft: think of it for a moment as a football game.very week, the new york giants take the field with hopes of getting back to the super bowl. if they do, they will get more money and glory for the team and its owners. they have a direct investment in the game. but the people in the stands may also have a financial stake in the outcome, in the form of a bet with a friend or a bookie. >> partnoy: we could call that a derivative. it's a side bet. we don't own the teams, but we have a bet based on the outcome. and that... a lot of derivatives are bets based on the outcome of games of a sort-- not football games, but games in the markets. >> kroft: whether interest rates are going to go up or down. >> partnoy: yes. and the new bet that arose over the last several years is a bet based on whether people will default on their mortgages. >> kroft: and that was the bet that blew up wall street. the t.n.t. was the collapse of the housing market and the failure of the complicated mortgage securities the big investment houses created and sold arou

. >> kroft: when we spoke to eric dinallo, he was insurance superintendent for the state of new york. he says credit default swaps were totally unregulated, and the big banks and investment houses that sold them didn't have to set aside any money to cover potential losses and pay off their bets. >> dinallo: as the market began to seize up, and as the market for the underlying obligations began to perform poorly, everybody wanted to get paid, had a right to get paid on those credit default swaps. and there was no there. there was no money behind the commitments. and people came up short. and so that's, to a large extent, what happened to bear sterns, lehman brothers, and the

i used to rule the world... ♪ >> kroft: london just before christmas.humping beat of the music, and the quirky charisma of lead singer chris martin had the crowd on its feet. >> martin: we rely more on enthusiasm than actual skill. whatever you do, do it enthusiastically and people will like it more. i can't dance like usher. n'

bar kroft is now operating on a modified school year. school is shorter to give students more frequent short breaks throughout the year. bar kroft is the only school operating on this schedule. >> reporter: d.c. mayor adrian fenty was on hand today to announce pla for a brand new playground. the project will provide a new playground area at sa foye elementary. the first day of school for d.c. students is august 24th. >>> some new research shows fish oils may help reduce theisk of heart attack in people already suffering from heart disease. a study published in the general of american. the daily dose of the omega fatty acids cut the risk by a third. they recommend 500 milligrams of omega-3s per day. patients with heart disease should get double that amount. fish oils will also reduce the risk of heart failure and sudden cardiac death. >>> adding yoga to your exercise routine may help shed those unwanted pounds by training your mind as well as your body. researchers say yoga teaches mindfulness, which can lead to weight los. a study of mor

and tina sinatra said to steve kroft on "60 minutes," 'he lied.' now tina tried to get us to take that out, but there was no way we were going to do it, and she knew it. kind of end of sinatra story--long, but kind of fun. c-span: is there a story that you were going to write about in your book that, for whatever reason, you decided not to? >> guest: i don't think so. i don't think so.m(çç i mean, if there's anything in there that--that i would have written about and didn't, it's because i forgot it. c-span: who invented the 'tick, tick, tick' at the beginning of "60 minutes"? >> guest: i--i did, but--but it wasn't at the beginning of "60 minutes." it was the--it was the closing thing over the credits. and i looked at the first show, and i said to myself, 'wait a minute. you've got to be crazy to put that at the end.' that's that arresting--that's in lieu of a theme song. and marvin hamlisch always accuses me of devising the 'tick, tick' to screw some poor songwriter out of a royalty, but it just worked. and it was--it was--it was at the end, and

nobody enjoyed it more than don did. >> steve kroft, lesley stahl, thank you. good to have you on.e early show" on cbs. a chinese emperor was so impressed by soy's health benefits... that he declared it a sacred plant. buddhist monks believed eating soy... was healthier for the body and spirit. and american farmers planted soybeans... to help revive the barren soil of the dust bowl. for thousands of years, people all around the world have eaten soy. [ birds chirping ] and today, we take that same historic bean, mix it with fruit and bake it... into soyjoy. learn more at soyjoy.com. >>> welcome back to "the early show." this morning we are remembering don hewitt this morning, the cbs news and "60 minutes" pioneer who died yesterday at the age of 86. first of all, impossible and humbling to follow lesley stahl and steve kroft after a segment like that. their remembrances were unbelievable. i think that what's amazing is not only what don hewitt did but the foundation he laid for the future and the stories that "60 minutes" continues to do and that we see to this day. when they asked

we'll speak with "60 minutes" correspondents steve kroft and lesley stahl. i'm michelle guillen.cbs morning news." i'm a diabetic and i want you to know over 230,000 u.s. doctors have authorized their patients to receive their diabetic supplies through liberty medical. and that begins with the one touch®ultra2 meter. easy to use, fast results... at no additional cost! liberty helps keep you on track by delivering diabetic supplies to your door... and filing your claims. i never feel i'm going to run out of anything. with liberty i always have someone to talk to and now they refill all my prescriptions. call now to receive a diabetic cookbook free. call to receive the one touch®ultra2 meter at no additional cost and find out why 230,000 u.s. doctors and over a million people with diabetes trust liberty medical. liberty, we deliver better health. call now. call liberty medical at the number on your screen. [ ma] bakro ♪ treso♪ts sh >>> hello again, in 30 seconds, it will be 5:00. you can tell from that shot, it's a very steamy day. >> it is a very steamy day start, more so than yes

coming up next, morley safer, steve kroft and andy rooney remember don hewitt. a tornado hits, air life denver takes off... their night-vision goggles keeping the rescue mission safe... and powering those goggles-- the only battery air life trusts: duracell. trusted everywhere. duracell. great looking skin... it's in the dna. [ female announcer ] new regenerist dna cream with spf 25 doesn't just correct. it helps protect your dna without a $200 department store price tag. olay regenerist. in this box is what i need to control my diabetes, to stay healthy - and get on with my life. it comes from liberty medical. and now, it's not only where i get my diabetes testing supplies - but it's where i get my prescription drugs as well. see if you're on medicare, the cost of your diabetes testing supplies as well as your prescription drugs may be covered. liberty takes care of all the paperwork with medicare and sends the prescription forms directly to your doctor for approval. then, on your schedule, packs up this box and sends it right to your door with no charge for sh

steve krdot, thank you -- steve kroft, thank you. minutes" generated more than $1 billion over the years for cbs. don hewitt was a man of many firsts. here are a few that jumped out. he directed the first network television newscast featuring douglas edwards on may 3, 1948. trace: fbi agents joining police in the search for a missing mother in georgia. christie cornwell disappeared on august 11. some evidence suggesting that she was abducted. the investigation is now spreading across state lines. medicare. it doesn't cover everything. and what it doesn't cover can cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp n

when steve kroft was on, from "60 minutes," they just played ticking. [ laughter ] that's pretty goodfrancis mcdormand who -- we all go back from before "raising arizona," we all -- all of our oscars, you know, live together. >> jimmy: they're roommates? where do they go? [ laughter ] >> well, they're all together. we've talked about them traveling, u know, from house to house, but so far they've just stayed at joel and ethan's office. >> jimmy: like "sisterhood of the traveling pants," except they're oscars. [ laughter ] >> right. >> jimmy: you take them to different places and write letters. like, "oh, my gosh, i met a boy in greece. it was amazing." [ laughter ] that's what happened in that movie. but you guys were, like, roommates or you all lived in new york? interesting story. >> fran and i lived in the north bronx. >> jimmy: really? >> for about a year. and then -- and we all lived together in silver lake for a period of months. >> jimmyout in l.a.? >> and sam raimi who, at that time, was writing "evil dead 2" lived with us. and he and his writing partner were writing "evil dea

. >> i'm steve kroft. >> i'm lesley stahl. >> i'm bob simon. >> i'm morley safer. >> i'm anderson cooper. >> i'm scott pelley. those stories and andy rooney tonight on "60 minutes." it's the chevy open house. and now, with the cash for clunkers program, a great deal gets even better. let us recycle your older vehicle, and you could qualify for an additional $3500 or $4500 cash back... on top of all other offers.. on a new, more fuel efficient chevy. your chevy dealer has more eligible models to choose from - more than ford, toyota, or honda. so save gas... and money... now during the chevy open house. go to chevy.com for details. how about beer-battered shrimp and chips... or one of our coastal soup and grilled shrimp salad combinations? eight dishes that fit into your lunch hour... starting at just $6.99. at red lobster. >> stahl: if your summer vacation includes travel by airplane, you may be dreading the long lines and intrusive searches that a trip through an airport checkpoint can mean these days. since 9/11, $40 billion has been spent to beef up airport security, with most of it go

the other part, of course, is the kroft, ali. the budget office saying this is going to add $1 trillion over ten years to the national deficit. how do you pay for something like this? >> there are two problems when it comes to cost. the first is health care costs, themselves. put insurance aside for a second. health care costs are escalating. we have to get those under control. the second one is the cost of insuring everyone. this is really reason to be concerned. this is a big deal. the congressional budget office estimates about $1 trillion. how do you pay for this? hopefully you try to reduce costs of health care. that's one thing. number two, a surtax. a tax on top of income tax for the highest 1.2% of earners in the country. basically if you're in that top category you pay extra money. that's another way we can think about doing it. the next way is to tax some health insurance policies. in other words, tax the health insurers. critics say that would pass the tax on to those people who are insured. that's another proposal in

brady bunch went off the air in 71 and this was the brain child of syd and marty kroft and hr puffinir creation and the donny and marie variety hour and you guest hosted on that show with other cast members from the brady bunch. they convinced you to create this variety hour and nobody was that keen on it. how did that they do it? >> that's the amazing thing is it all came from us appearing on the donny and marie show and the ratings went through the roof and we said let's give them their own variety show. it was such a crazy idea. >> you were playing your characters too. >> yeah. the actual brady family moved from their home to the beach and now they have a variety show. that made no sense at all and that's part of the beauty of the show. the whole thing makes no sense. >> why did you agree to do it? >> half of the reason why all of us agreed to do it is we had been out of production and we missed each other. we are that goofy, crazy in love with each other. >> naive to what the work entails. eve plumb did not. there was an issue there and she was replaced. >> she was and we got our

women, all african-american and suspected prostitutes have been found here among miles of woods and krofts. there are any number of places you can call off here like this spot right here. you can just drive off and disappear into the woods in a matter of seconds. that's what's been happening to these women. they disappear never to be seen again. is this the work of a serial killer? >> yes, i believe it is. yeah, i think the fact that the bodies have been found close together really would argue for a serial killer. >> reporter: michael teague was once the state's top forensic psychologist and believes the killer is someone who could have a lot in common with his victims. >> their economic the same rac. so i think it's a person that would fit very easily within the environment. >> reporter: all of the victims were last seen in the town of rocky mount. he went to where they came from, an area where prostitutes work neighborhood streets. >> typically this is the area. >> reporter: but we found the streets deserted, cleared by fear. prostitutes are easy targets for killers, living fragile lives