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Oct 14, 2010
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people who did watch couldn't stop watching and our own mike taibbi was watching them. chi-le chi-chi-chi! le-le-le! los mineros de chile! >> reporter: a cheer is the same in any language and there's been a lot of cheering. the headlines reflect the breathless reaction to the drama playing out on tv screens everywhere. >> never before has mankind ever retrieved any living person from this depth. gosh. >> reporter: in australia, miners who themselves once survived being trapped in the depths were moved by the rescue of these miners. they're worried, too. >> it's all going to take a toll at the end of the day. >> reporter: but mostly there's been wonder at so extraordinary an outcome. even journalists on the scene, including our colleagues, deeply affected. >> my heart was pounding, i was crying. i looked around me. every single reporter, every single person, grown men in tears. >> reporter: pope benedict in rome was moved to announce that his own prayers for the men would continue. president obama spoke for many. >> this rescue is a tribute to not only the determination
people who did watch couldn't stop watching and our own mike taibbi was watching them. chi-le chi-chi-chi! le-le-le! los mineros de chile! >> reporter: a cheer is the same in any language and there's been a lot of cheering. the headlines reflect the breathless reaction to the drama playing out on tv screens everywhere. >> never before has mankind ever retrieved any living person from this depth. gosh. >> reporter: in australia, miners who themselves once survived being trapped...
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Oct 20, 2010
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mike taibbi, nbc news, new york. >>> a follow-up from last night. the nfl has fined three players for dangerous hits in sunday's games but none of them suspended, notably. pittsburgh steelers james harrison fined $75,000 for hitting a cleveland browns' receiver in the head. brandon meriweather and the atlanta falcons were each fined $50,000 and nfl says punishments could include and escalation to suspensions and a lot of players, by the way, regard that as the only real deterrent. >>> overseas today, across france, anger and in some cases, violence spilling into the streets. our own stephanie gosk is in paris and she tells us with the protesters, most of them young, hurling rocks, breaking windows, torching cars and apparently undeterred by the police in riot gear. depleting teargas. this was the sixth day of nationwide strikes since early september over a government plan to raise the retirement age from 60 to 62. >>> when we come back, more on the wild election year with so many voters saying they are fed up and angry, why are they mad? >>> later p
mike taibbi, nbc news, new york. >>> a follow-up from last night. the nfl has fined three players for dangerous hits in sunday's games but none of them suspended, notably. pittsburgh steelers james harrison fined $75,000 for hitting a cleveland browns' receiver in the head. brandon meriweather and the atlanta falcons were each fined $50,000 and nfl says punishments could include and escalation to suspensions and a lot of players, by the way, regard that as the only real deterrent....
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Oct 1, 2010
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our story tonight from nbc's mike taibbi. >> reporter: he was an exuberant student and gifted musician who graduated high school with honors and scholarships. but the body of 18-year-old tyler clemente was pulled from the hudson river just days after two of his rutgers college freshman classmates allegedly secretly videotaped him during a sexual encounter with another man and streamed that video live. three days later, he reportedly wrote on his facebook page, jumping off the g.w. bridge, sorry. but there's a growing chorus of voices saying this is an incident of not just of cyber bullying but of cyber gay bashing. >> that's really amplified and changed this unpleasant behavior. >> reporter: in one survey, 85% of lesbian, gay and transgender students reported being verbally harassed. 40% physically harassed. and 19% physically assaulted. in september alone, three other teens were mocked for being gay or perceived to being gay took their own lives. 13-year-old seth walsh of california, and 15-year-old billy lucas of indiana both hanged themselves. and 13-year-old asher brown of texas ki
our story tonight from nbc's mike taibbi. >> reporter: he was an exuberant student and gifted musician who graduated high school with honors and scholarships. but the body of 18-year-old tyler clemente was pulled from the hudson river just days after two of his rutgers college freshman classmates allegedly secretly videotaped him during a sexual encounter with another man and streamed that video live. three days later, he reportedly wrote on his facebook page, jumping off the g.w. bridge,...
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mike taibbi, editor at rolling stone, whether they can pay back their debt. how does it work?how can it wreak havoc on the financial system? you make a scary analysis in the piece. >> just to point out at the top. this is an extreme long shot there would be an aig situation. the problem with unregulated economy, you have a situation where a company can bet on other companies, if there's a credit event, bank reinstructuring, suddenly bets kick in and you have to pay off. what happenewith aig -- or i'm sorry, lehman brothers, when there is a bankruptcy, a lot of these derivative-based bets will fail, have money changing hands. it's complete chaos. nobody knows who owes who. >> these derivative markers you say it's like foot locker putting a nikkei in front of a mirror and selling the reflection. >> if you don't have an asset to sell, you sell the bets on the asset. that's basically all credit default swaps are. two parties engaging in a deal whether a third party will pay off his bet. then you can take that bet and package it and sell it as an asset that pays income like a bond
mike taibbi, editor at rolling stone, whether they can pay back their debt. how does it work?how can it wreak havoc on the financial system? you make a scary analysis in the piece. >> just to point out at the top. this is an extreme long shot there would be an aig situation. the problem with unregulated economy, you have a situation where a company can bet on other companies, if there's a credit event, bank reinstructuring, suddenly bets kick in and you have to pay off. what happenewith...
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mike taibbi, editor at rolling stone, wrote that millions have been bet on whether bp can pay back itsthe financial system? you make a scary analysis in the piece. >> just to point out at the top. this is an extreme long shot there would be an aig catastrophe. the problem with unregulated economy, you have a situation where a company can bet on other debt of other companies or mortgages or anything like that and if there's a credit event, a bankruptcy or restructuring, all of those bets kick in and you have to pay off. what happened with aig -- or i'm sorry, lehman brothers, when there is a bankruptcy, a lot of these derivative-based bets will fail, have money changing hands. it's complete chaos. nobody knows who owes who. >> you use a good example people can understand about this unregulated derivatives market you talk about. you say it's like a foot locker. putting apa pair of nikes in frt of a three-way mirror and selling the reflection. >> if you don't have an asset to sell, you sell the bets on the asset. that's basically all credit default swaps are. two parties engaging in a dea
mike taibbi, editor at rolling stone, wrote that millions have been bet on whether bp can pay back itsthe financial system? you make a scary analysis in the piece. >> just to point out at the top. this is an extreme long shot there would be an aig catastrophe. the problem with unregulated economy, you have a situation where a company can bet on other debt of other companies or mortgages or anything like that and if there's a credit event, a bankruptcy or restructuring, all of those bets...