the latest from michael lewis is called "boomerang." and stockard channing is here headlining a production of "other desert cities" opening on broadway in november. michael lewis and actress stockard channing coming up right now. >> every community has a martin luther king boulevard. it's the cornerstone we all know. it's not just a street or boulevard, but a place where wal-mart stands together with your community to make every day better. >> nationwide insurance supports tavis smiley, with every question and every answer, nationwide is proud to join mprovero working to improve financial literacy and remove obstacles to economic empowerment one at a time. >> and to contributions to your pbs station from viewers like you. thank you. tavis: michael lewis is a perennial best-selling author whose previous books include ""moneyball," "blind side" and "the big short." the satellite called boomerang. let me start with the news of days ago, miracle and sarkozy of germany and france respectively have said by the end of the month they're going t

michael lewis, you write these great books because you can explain the most complicated things, whether it's football and... as you did, in that great book about michael orr, "the blind side" or whether it's about wall street. you did it in "the big short." this is kind of a follow-on. where do you think right now we are, this country and our financial footing? how do you see all this coming down? >> we are blissfully irresponsible. and we can kind of afford to be. i mean, this collapse of discussion about reducing the debt at the level of the super- committee is a really good example of this. for that matter, the s&p's reduction of the credit rating of the united states treasury. we are... unlike european countries, we aren't yet vulnerable to this vicious cycle. where markets actually considering the possibility that we won't repay our debt. when one of these things happens, it's really bizarre what's going on right now. the congress fails to address the problem of our deficits and the treasury bond market rallies. the markets' response is to throw money at the treasury. we're basical

the rooftops is, get out into the streets with the occupy wall street movement and protest. >> michael lewise message appropriately from berkeley, california, thanks very much, michael, for being with us on the broadcast tonight. >>> we'll take a break here. up next, as you watch this next story you will likely ask over and over, how could this kind of thing have happened in this country? in our age? how could people have been sterilized against their will? dr. nancy snyderman introduces us to a victim who has climbed back to reclaim her life. >>> and our guest here in the studio tonight, tina fey. first off, we're going to see if her forearms really are that big in person. and we're going to talk about the intentional confusion between the names of our two shows. >>> most americans would agree, the government has a lot to learn from that physician's oath to do no harm. but it's tougher to explain this. doctors and government officials conspireing on a project so horrible, it is hard to believe it happened in our country and not that long ago. we have a story here tonight about cruelty in th

also formula one now where red bull sebastian vettel has once again denied michael lewis hamilton pole position by producing a stunning final lap in qualifying for the albert dhabi grand prix and had dominated every practice session marina but like so many times this season that's all found some extra pace when it counted to claim just points in the right career pole he also equalled nigel mansell all time record of fourteen pole positions in a season set back in two hours jenson button will start third on the grid ahead of red bull's mark webber after ari's thirty nine to alonzo russians inside a patrol is. in wild tributes can sing its role in for former world heavyweight boxing champion joe frazier who died on tuesday aged sixty seven following a short battle with liver cancer the legendary boxer with a trademark sledgehammer left hook was the. disputed world heavyweight boxing champion his professional career spanned from sixty five and seventy six as well as a brief comeback in the eyes an ancient one frazier's infamous rivalry with muhammad ali was one of the biggest in the histo

first to formula one and red bulls sebastian fits all has once again denied michael lewis hamilton pole position by producing a stunning final lap and qualifying for the big grand prix mclaren had dominated every practice session at ya some arena but like so many times this season that's all found some extra pace when it counted to claim his twenty ninth career pole he also equalled nigel mansell all time record of fourteen pole positions in the season sets in one thousand nine hundred so jenson button will start third on the grid ahead of the red bull's mark webber and ferrari's fernando alonso rush it's out of petrol isn't. i was not so happy with my first run in q three but the second run much happier especially the first two sectors and with that i was buying myself a little bit of a cushion in the last six which was a bit trickier towards the end of the evening so but all in all enough just enough to you know to to jump ahead of lewis. moving on to ice hockey and russia have claimed their second straight big serie under a new coach is in it to live off with a four one victory over

we'll be talking to catherine, michael lewis who wrote boomerang steve's job's biographer and formerry of state condoleezza rice whose new memoir is no higher honor. we'll see you then. have a happy thanksgiving. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org

michael lewis book, the big short, they talk about this misbehavior of fannie and freddie, especiallyhe 90s and into 2000 and this guy johnson made huge millions and millions of dollars in bonuses while they were scamming the american public and the regulators. i mean, it also is indictment on members of congress. they were part of this whole deal, and it was just a ponzi scheme that could not last. in scottsdale, arizona people were buying two and three houses, leaving them empty and flimflipping them a year or two later because it was so easy to get money to make money. >> greta: what i don't understand. i mean, everyone is appalled at these bonuses. 12.9 million dollars being divvied up among executives, everyone is upset. what i understand is if it had to go through layers, demarco, why wasn't he scandalized? did we mag to find the -- manage to find the few people in the united states who had the authority to do this? why didn't they think it was horrible? >> it's the mindset and the culture. this is the same outfits that gave hundreds of millions of dollars in bonuses that put us

kathryn stockett, financial writer michael lewis, condoleezza rice and walter isaacson. >> osgood: bobthat's how it should be. lee cowan talks with actress char lease they are on. what do you mean? it ends december 7th. if you haven't reviewed your medicare plan choices yet, well, it's getting late. medicare gives you free cancer screenings and wellness visits, and 50% off brand name prescription drugs when you're in the donut hole... it's all part of the health care law. december 7th? i better get goin'! [ male announcer ] medicare open enrollment ends soon. call 1-800-medicare or visit medicare.gov to learn more. >> this sunday morning moment of nature is sponsored by... >> osgood: we leave you this sunday morning in light snow near the sierra nevada mountains by lake tahoe in california. >> osgood: i'm charles osgood. please join us again next sunday morning. until then, i'll see you on the radio. do you have an irregular heartbeat called atrial fibrillation, or afib, that's not caused by a heart valve problem? are you taking warfarin to reduce your risk of stroke caused by a clot?

i know michael lewis kind of goes in there and he kind of owns the beat a little bit. he's phenomenal. >> host: did you ever hear from any bernie madoff people? >> guest: i'm trying to remember if i did. if i did it was people that got screwed by him. people lost their money to bernie madoff. if he called me i would have written his book as hateful as he is and what he did i would love to get inside his head. but there were two books that came out and they seemed pretty interesting. i haven't read them yet. it's a tricky with a story like that. you don't want to go into those deaths too much. i may very upbeat writer and i like a college kid who finds the scheme and makes the millions and everyone kind of love him for it. i don't want a guy that screws everyone and makes a million dollars and there's plenty of people doing that i think. >> host: early on in the program, you said that you were kind of the go to guy for college kids. is it because of bringing down the house? >> guest: and 21. the movie everyone's all before they went to vegas and i go on plans to las veg

everyone should do this -- read this piece michael lewis did about the over extension of california government and the liabilities they face. my sense is, in state after state, the rules of the game very. you're seeing governors beginning to get a hold of the major cost drivers. michigan, to take an example, governor snyder pushed through a management law last year. he is now pointing financial managers to detroit. they are going to have to deal with these pension liabilities and begin to restructure. the second issue is k-12. it is a and mix of need for investment and radical reform. what we have had in the last 20 years is the kind of expansion of responsibility for schooling, through charters, the public housing innovation, it has been an interesting period. we have not had it with a whole number of other areas of domestic policy. schooling has been opened up in the united states. but not uniform. i think what is happening at the state level is this a war about how competitive we should make schooling. how much should we open up the system? still have performance measures but allow for a mu

michael's house. good morning. ray lewis missed his second practice..as a toe inj he has notace by -- missed a game since november of 2008. tim tebow and the denver broncos do would again. they beat the jets last night. jets up 10-3. mark sanchez is picked off. 10-10. fourth quarter, one minute left. nobody can catch tim tebow. that is the game winner. 17-10, the broncos win. back to the ravens, there will take on cincinnati on sunday. the ravens want to avoid the start the crippled them against seattle. 1 the ravens need to play better as a team. it is tough plane from behind in the nfl. >> there is the but the loss to get them ready more than i do. sometimes circumstances dictate -- never tried to throw to a guy instead of handing it to him. by the end of this season, it needs to be a guy who gets the ball as much as anybody in the league. >> maryland basketball team plays colorado. the loss to alabama -- they lost to alabama. ray has a toe injury. if anybody will be out there, it will be him. >> why presidential candidate herman cain needs protectio

sean lewis reported michael garret kern was wanted cape coral florida and connection with disappearance of his step father a united states marshals knew michael garret kern had family in western suburbs thought might have come north to try to hide out in big city. taken into custody homeless shelter just after 1:00 this afternoon. back of cta otherwise known as the red line undergoing a massive renovation announcement within $640 million state funding to give the red line much needed facelift gov. quinn says the project also generate much-needed jobs >> going to create 2700 jobs jobs that can support a family construction jobs and good jobs to make sure that we have an efficient trains to get people when they have to go efficiently and safely >> federal state and local funding of the project totaling about $1 billion to stations will said clark and a division rebuild other stations will get varying degrees of repairs at updates. closing arguments and a case around the world of the latest on conrad murray trial and sexual harassment charges herman cain new updates. before we had to break

all i know is what i read in michael lewis books really. [laughter] i feel like a lot of crimes were committed that haven't been prosecuted and that there were a lot of things done on wall street that went beyond the line of just trying to make money. that really crossed that line. and, you know, the problem is that, um, i guess in writing the books i've written i have never trusted company like a lehman just because they've been around. i know about these 26-year-old traders who bankrupt a bank. i, you know, it happens all the time, and it's happened many times in history, but it is scary, and it's sad what's gone on, the bear ney madoff -- bernie madoffs of the world who have taken advantage. there's not much i can say about that other than that the people who did these things ought to be brought up on charges when they did thing that were illegal. but at the same time, the system itself isn't necessarily all rotten. there's just some rotten people in it. >> host: justin, millford, pennsylvania. you're on booktv. >> caller: hi, ben. thank

so there is everyone should read this piece that michael lewis did in a family affair recently about the overextension of california government and the crazy sort of a liability. ha mauney since is in state after state the rules are very but what you see as governors beginning to try to get a hold of the major cost drivers. michigan to take an example governor snyder was able to push through the emergency financial management all last year and is now pointing the financial managers probably to detroit and they are going to have to first and foremost deal with the pension liabilities and began to reorder and restructure. the second issue that you mention this case were 12. k-12 is sort of a mix of need for investment but need for radical reform and what we've had literally the last 20 years is the kind of distribution or expansion of responsibilities for schooling through charters, for the public housing innovation. it's been a really interesting experience, right? we haven't had it with a good portion or a whole number of other areas of domestic policy. schooling has really been open

michael kern. you will remain anonymous. fugitive hunters sean lewis wgn news @ 9 >> tonight family and friends remember a bright eyed teenager search for her killer. kelli o'laughlin murdered apparent burglary indian head park home covering the visitation tonight, visitation at the police investigation police headquarters and tirelessly working tirelessly on the case front door signs that says do not call osby will call you >> friends and family beginning the difficult process saying goodbye >> tonight first of two visitations mourners came and went for five hours at the same time investigators coming and going indian head park police department 40 officers working the murder case mourners lined up before the doors opened hundreds came to pay their respects many who had no personal connection to kelli o'laughlin except their hearts went out to her family. gratitude for the support expressed in a statement from her father who thanked residents for letting the family agreed in peace. >> kelli o'laughlin was smart happy full of promise absolutely tennis

michael jackson's doctor. conrad murray trust with involuntary manslaughter in the singer's death. prosecutors say he killed jackson while the defense places the blame on jackson. expense four prisons and lewis'sed -- he could spend four years in prison and could lose his medical license. >>> there's a video sparking outrage. >>hillary adams was 16 years old at the time. she september knowing that her father would beat her. she ssaid that his response was so what. her father is a family court judge in texas. >> i just wanted somebody to see a and demi this was not right. glad i was able to and grow up and move on past this. >> i did nothing wrong other than discipline my child after she was caught stealing. >> the judge will not face criminal charges because too time has elapsed. after being flooded with e- mails, a texas judicial panel decided to investigate. >> recent violence may be to a backlash against occupy wall street movement. people in oakland, california, are cleaning up after violent clashes between police and protesters earlier this week. the violence has led some to believe that the movement is being hijacked by. protests against corporate greed and economic inequality in other c

lewis del elementary school is hosting an event for little cuppedder gardener omar monroe. >>> four years in prison is the sentence for dr. conrad myrrhy. a jury convicted michael jackson's personal physician of involuntary manslaughter. the circumstance died of an overdose of the powerful anesthetic propofol. the judge gave dr. murray the maximum sentence. murray's lawyers plan to appeal. under california law, he will serve at least half of the four- year sentence in county jail. >>> herman cain told aides he is readdressing his run for the white house. this comes one day after a georgia woman claimed she had and fair with cain that lasted more than 13 years. cain denied the allegation. in a conference call with his senior staff tuesday, only committed to keeping his campaign schedule for the next several days. four other women have accused cain of sexual harassment. he also denies those claims. >>> a murder suspect accidentally released from jail. straight ahead, we have a fox 5 follow-up. >> our report sparked outrage. d.c. drivers getting locked up in the district for having expired tags. are there some other minor offenses getting the same treatment? stay