. >> tom: one of the biggest bond investors, pimco's mohammed el- erian, talks about the i.o.u. troubles and the ongoing efforts to cut the red ink in america. it's "nightly business report" for tuesday, july 12. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. u.s. markets see-sawed today in reaction to a whirl of events around the world, susie. >> susie: tom, let's start with the federal reserve-- released minutes from its june meeting. with policymakers hinting they're open to a new round of stimulus, or so-called qe3. a warning from president obama that if lawmakers fail to reach a debt agreement, he cannot guarantee social security checks will go out on time. and moody's investor's service downgraded ireland's debt to junk status, saying the country might need bailout. >> tom: those developments, plus continued worries about europe's debt proble

his son mohammed came about and i am a product of that. i lived in africa is a young girl. my father stayed arabic and then the back to the country and now i am here living my life as a young muslim woman in america. and so, one of the things that i find interesting is that story of black nationalism and how when lame a part of that but then to understand the live show mohammad not mohammed not only produce malcolm x but mohamed ali and louis farrakhan so these are pretty significant figures in our times today that we all sort of looked to, and i am curious to know from the panel how you look to see how malcolm was directing the black community to essentially islam i guess and when i say islam, it is arabic. al islam means peace so i'm curious to know how you guys feel about that and how malcolm -- i feel like them young muslim-american how he was directing to understand islam to study it and to understand, the understanding of jihad which means struggle in arabic that it means yes, struggle and how we all struggle and we all have our personal struggles but it is really wit

en vez de estudiar, mohammed buscó trabajo ilegalmente.os hacer los trámites de residencia y estamos preocupados.. milagros, el hecho que mohammed entró con una visa y que está casado con una ciudadana americana (los boricuas son ciudadanos de los eeuu) permite que haga los trámites de residencia sin tener que salir del país. sin embargo, el hecho que no haya estudiado donde se suponía que lo hiciera puede compasunto. e demostrar que su intención fue estudiar en ese lugar y luego se le complicó la cosa. si no puede demostrar eso, y si simplemente no estudió porque no le dio la gana-entonces frau cometió al decir que venía a estudiar, cuando verdaderamente quería trabajar. mi nombre es joaquina y soy dominicana. tengo papeles de residencia pendientes a través de mi esposo que es ciudano americano. yo había entrado hace cinco aÑos como turista, pero mi visa se venció hace tiempo. me entere que mamá esta muy enferma y quiero ir a verla. que pasa con mis papeles si salgo a ver a mi madre allá. podría regresar a estados unidos y seguirlos? joaq

this is being talked about there's also been reference made to the fact that norway prince and the mohammed cartoons the danish cartoons these are all of course possible motivation the pope what we have to say is that that doesn't excuse for one second the terrorists niven's i think the house the point where you say we don't care what the root cause is this kind of violence is completely unacceptable and it must be start over recent years it will be very hard to clean the west what do you think the state of alert was in norway because this is mentioned before traditionally this part of the world's been a very kind of peaceful area or what was the state of alert of freedom also think you know of course these arrests at the airport another public place. yeah i think that the european countries are on a level of awareness for al qaeda inspired attacks but norway isn't somewhere that you've regarded has been especially high target for the rest of the place in two thousand and nine were very significant for the fact that norway was almost not on the radar before before two thousand and nine and

mohammed did produce a minister in boston, and then, of course, converted, and, of course, mohamed alimade the choice, and i got to speak to him later, and he said he should have been much more open minded. i say that to say, to be brief, that it's the ideals and theology and moral varieties are great, and i think what malcolm did was love of black people. i'll say something here as a baptist minister. it transcends christianity and islamic faith. there's christians who claim they know jesus doing crazy stuff i don't approve of at all. i would rather side with atheists who are doing the work of good or motorcycle maintenance -- [laughter] whatever the book establishes your faith beautiful, because i think in the end here's where ironically where i try to be critical of the fascist dimensions of black insular thinking and the way in which professor hair -- professor harris-perry sighs, you want us to be together, but instead of these people who are black. what are you talking about? we can't all be together if you don't accept the gay people. either we're all together in the unity what

. >> narrator: mohammed daudzai is chief of staff to the afghan president, hamid karzai. he is worried that night raids do more harm than good. >> you have a village, has a very peaceful life, and in the middle of the night, people come and surround the village and search a few houses and take a few prisoners. and in that scuffle, a few of them are killed and women disgraced. the next day, what do you expect? the entire village youth becomes taliban. they are searching for the taliban to recruit them and give them weapons. >> narrator: general mcchrystal knew that night raids could turn the afghan population against american soldiers. he restricted conventional troops from conducting them, and instead ordered the elite forces of jsoc to take the lead. now they are doing six times as many night raids as they were two years ago. >> get over here, an open area. >> where? >> an open area, right over here, right behind him. >> narrator: jsoc has taken measures to reduce the offence these operations cause by involving locals. this military video shows afghan soldiers being trai

what we knew about the nation of islam, we knew because of mohammed -- muhammad ali. we didn't have any markers within our community to tell us about the that's of the islam and those two things that we knew, malcom x and muhammad ali was positive and so it created this opportunity, it created this door through which we did begin to open our minds and we did begin to open our minds about the range of black experiences that were out there. what disturbing me in post-9/11 and the aftermath of 9/11, we had an opportunity to further that opening of our minds. it was -- it was actually the blast, you know, should have opened our minds, the horror of this thing should have opened our minds. and should have made us ask questions and should have made us listen for real answers and there was a brief moment -- there were about two weeks when i thought it was going to happen. and then it didn't happen. and, in fact, it has really closed the american mind tight in many ways particularly about islam and the very things you were just describing in asking your question. and so this

thank you so much indeed, mohamed el erian. sobering words as you heard. let's bring you all back for the "roundtable" discussion. the big, overarching theme here is to get the economy back on track and to improve this really drastically weak recovery. paul, how is that going to happen? >> my first best guess, my won't happen.y estimate, is it not for years and years to come. no one is discussing the kinds of policy that might make it happen. we're waiting for the economy to heal itself, which it's doing very slowlwl >> even in this situation, are there things that could be done to make people go back to work? are there structural infrastructure? >> look, if we -- there are potholes everywhere. if we actually -- you know, if there are any political willingness to just do, sort of obviously needed infrastructure work, with borrowed money, that would do a lot. we'll not do that. other than that, ben bernanke might be able to pull a few more tricks out of his hat. but it's really hard to see where this will come from. >> george, if that happen, and there are

climbing wealthy for says mohamed bin hammam will face their ethics committee on july the twenty seconds to answer allegations of bribery cheering his election campaign to attempt to become president of the governing body this is branded asian football confederation president has sent a report by think investigators as we know must respond its claim time and try to offer caribbean football chiefs cash in return for their votes and caribbean football union employees the girl and jason sylvester will also appear before the hearing allegations against fever vice president jack warner were dropped when he resigned from all football activities. i mean while futures reelected president sepp blatter says football's governing body will continue to invest in africa this was held close door talks with zimbabwe president robert mugabe and the next up we're going to try new guy it's the first time glasses returns in south africa since last year's world cup he also visited a local women's football match as well as construction sites for new features such as pledge doing best seventy billion dollars i

as herman goering was that energy level but let's take a look at the situation of khalid sheikh mohammed here's somebody who may go to trial if he's convicted of implication to make an. yes the being involved in killing three thousand americans we're going to sentence him to life in prison in some sense by not having a death sentence reserved for the most heinous crimes you cheapen the deaths of those who perished in those circumstances knowing that we still have you you're not going to find a lot of nine eleven victims' families who disagree with you and be tim mcveigh who you know did pretty much the same thing just on a smaller scale was looking forward to die he didn't want to be alive in jail anymore but you know if he had to say that we are where we authorized that gary gilmore i think was the first one after these you supreme court cliche about me and he undertook the death sentence now i don't think that that's an encouragement to others to commit homicide because they will there's actually a school psychologist the suggests that it is the i know you know in other words we're tal

i denounce violence in an evil proportion but this man mohammed this not denounce violence in tech she advocates violence he had to. go into the iran not serves chapter nine and verse five he says most limbs can and should kill christians slay the idolater wherever you find them and take them captive the shoah botanists church says the pope is the anti-christ should we ban her church before one of the tries to torch the local catholic church or do you think i pose the as i christ to this religious opinion written by. not necessarily by michele bachmann but i'm saying that while you know i got my very simple question for you gordon do you do you think that she should be that her church should be banned because they say the pope is the anti-christ how is this your group advocating violence for polygamy or the rape of clients as long hot it says how is he different from the bull edge this that that michele bachmann and rick santorum signed this is pornography she be outlawed gay should be converted should we ban her church do you want to and muslims hate the first amendment this man mommy

and hot seat a suspended football chief mohamed bin hammam will face feed this ethics committee over allegations of corruption. the first to start with a new spot at moscow have made a second signing in the space of twenty four hours more often we feel that may take us a lot has to learn from belgian side standardly as for seven million euros and follows on from the signing of dutch midfielder de mint is a four x. call center who turns twenty two last week scored eighteen goals for the action in eighty two games the belgian born one hundred this side made two appearances for the belgian twenty one side before opting to play for the moroccan national team last year spots i could be looking to bring their standard of brazilian ipsum is injured at the start of the season. and scarcella still comes just a few hours after another that it does a great story by x.p. six million euros the playmaker was part of the netherlands world cup squad in south africa alongside former tonight arey it's a used to play together and is it out now where they won the dutch late in two thousand and nine spot

church do you want to and muslims hate the first amendment this man mommy appears her tune ok man mohammed if you could be just killed. in this video the word right now. no take off into it so why did you go to insult me thank you this way he grabs let me get it in fact we're going to end right now and that's that's it. herman cain's going amants shouldn't be all that surprising after all ever since reagan kicked off his one thousand nine hundred campaign in philadelphia mississippi where three civil rights workers were brutally murdered with a speech on states' rights every single republican candidate has had a dog whistle to their bigoted base in order to get elected and then the same kind of bigotry that you just saw exhibited by by gordon clinton schmidt is is the kind of thing that is frankly. cutting away at the foundations of this country it needs to be repudiated by all of us and the whole idea that somebody should not be able to build a church or a mosque or whatever simply because that's the religion they were born into is fundamentally un-american and in that context at least po

. >> 34-year-old mohammed abdullah works in real estate.e's married and has an 8-year-old daughter. >> hi, how are you? >> how you doing? >> good, how was your drive? >> good. do you want me to leave it open? >> yeah, you can leave it open, it's fine. >> long before he got to the house, abdullah used the screen names blondy91972 and midas1972 to chat with someone who was a 13-year-old girl. but he was really talking to a decoy for the online watchdog group perverted justice, a group we hired because of its experience pretending to be teens online who are curious about sex. in his chat, abdullah wants to know the girl's bra size, whether she slept with her old boyfriend, if she masturbates and if she's ever performed oral sex. then he says he wants to perform oral sex on her. >> it will be nice. i think you will love it. but you will need to open your legs all the way. >> reporter: then he suggests the girl perform oral sex on him, and abdullah sends along these naked pictures. note the distinctive necklace the man is wearing. and like most

a connection where with the danish cartoons maybe in two thousand and six depicting the prophet mohammed they were printed in a norwegian paper too recently. yes good evening yes certainly one has terrorism in mind and one has also in mind. the norwegian engagement in afghanistan and maybe i should also mention that i work for a norwegian think sang called human rights. and i'm based in copenhagen but the think tank has a little small office in the heart of our slow and the building has also been badly damaged but no one has been hurt luckily. norway's one of the founding members of nato involved afghanistan and iraq and more recently libya could these attacks just be about revenge. are they said it could be linked to foreign policy it could as you mentioned be sensitive do with the mohammed cartoons we have seen sort of protest in the capital of norway in or slow you know linked to the tunes and certainly this could very well be the case. now law in europe has been set with issues over immigration as well maybe another angle here some saying it was giving safe haven to terrorists might

could it could be linked to foreign policy it could as you mentioned be as sensitive to with the mohammed cartoons we have seen sort of protest in the capital of no win or slow you know linked to a truce and certainly this could very well be the case. europe has been reset with issues over immigration as well maybe another angle here some saying it was given safe haven to terrorists might lax immigration policies be a factor maybe beyond these attacks in a very. i think we can say that it might have something to do with it one could ask why norway and why not then mark and i think that the danish intelligence service has luckily prevented terror attacks in copenhagen and maybe just maybe the norwegian intelligence service has not been as alert as it should have been because one has simply not expected this and we know that all over europe in the u.k. and france in denmark in no way if you sort of look back through the years. certainly one has given safe haven to people who should never never have got an asylum and it's early days and a very few days before we speculate in all about what m

and that son is khalid sheikh mohammed. and they send -- ultimately, he applies to school in north carolina and he goes to college. an historically baptist school in murphy, north carolina. either the family has saved some money, or more likely, the muslim brotherhood of kuwait agreed to sponsor him. he joined after two of his older brothers joined at age 16. he arrives in america at roughly 18 years old. he's unprepared for what he sees. i interviewed the man that picked him up at the airport out of virginia beach that drove him to murphy's borrow. what he remembers, this is years later, the member is khalid sheikh mohammed being surprised by what he saw. firstly, he's surprised by the geography, the intense greenery. when you see trees, they are usually behind walls and privately owns. here there were just trees everywhere. but more surprising, and more strange, and more off putting than the trees, were the people and what they were doing. they were sitting in lawn chairs on their front lawn visible from the road. they ar

they say he could not been what he was without mohammed. when you look at how he was and the nation, you see the relationship. nation of islam has few numbers before malcolm x. he's patrolled from prison. for the next 12 year, he works day and night to transform the nation of islam. not just for -- as a religious institution, but as a political institution. so when we think about malcolm x, malcolm is the consistent essential organizer. he had helped organize a group that was under the scope. in the last years of his life, he tried to organize two organizations. what's so important about malcolm is that malcolm is a local organizer who transformed the black freedom struggle, but he also impacts what we mean by democracy. he has a long running dialogue with people like martin luther king with organizations like snic and he's transforming democratic institutions. if we exclude malcolm from the civil rights and human rights landscape, and if we exclude malcolm as one the most eloquent critics of american democracy and imperillismist, we do him

is this like the mohammed scene. >> i'm glad nobody got hurt. >> we saw police cars along the road that we come out. we noticed one officer with a rifle. >> reporter: the man is described as age 65 and weighing about 150-pounds. he was wearing blue jeans and a red flannel shirt. police exnt say if it was sent to a series of smoking packages sent to offices in january. the speed cameras went into effect in 2009. if you're caught going 12-miles or more -- 12 miles or more over the limit, you get a ticket. >> a state contracts with a separate agency top run the cameras. >>> the search for a missing boater has come to an end in anne arundel. searchers recovered the body of the 235-6789 he was boating when a sharp turn caused him and another woman to be tossed. the woman was rescued. >>> the man at the center of a nationwide manhunt and was known then as clark rockefeller is on the move again. his real name is christian gerhartsreiter and is on his way to california where he is accused of killing a man 25 years ago. he is accused of kidnapping his daughter from boston and bringing her here i

mohammed went into a cave. that is why so many are in ramadan, in mecca celebrating ramadan. he went into dream, and gabrielle appeared to him. dreams means something to people in the middle east, especially muslims. god is breaking down the walls. a muslim goes on a search and wants to find out more about christ. i think it is 1 of the most powerful revolutions. god is selecting people groups around the world that come under the banner of islam, 1.5 billion muslims. we are finding all around the world, muslims are having dreams about jesus. >> it is amazing. technology is making a difference. talk about the impact of satellite television and the internet. >> great television programs. many times muslims will have a dream about jesus. if there is not a christian in their village or city, they seek. they look for a bible. they turn on the tv. many times they are led to christ through television or radio. god uses believers that they run into and god gives them a devine appointment. right now, 93 percent of the globe gets christian radio and so even many mecca, we know people h

5 million people, norwegian newspapers have repeatedly published the mohammed cartoons.here was a plot last year that was wrapped up in norway where at least one of the defendants has admitted they were going to go after one of the norwegian newspapers. there's a norwegian newspaper chain whose head offices are right next to the prime minister offices in thf part in oslo. so the cartoon business. people think oh, it's years ago now, it still goes on. people are still exercised about it. >> and wasn't that adjacent to some of these buildings in oslo? >> yes. that's another possibility. plus, the number one in al qaeda now, zawahiri has said norway will pay for its part in afghanistan. >> in london, then before that, madrid. so it's been quite a while. >> which shows that this is a sophisticated attack. that this needed planning. >> why? >> this amount of explosives, you don't just pick that up. >> yeah. >> you have to be very careful. a lot of explosives are very tightly monitored now. you can't buy off the shelf the explosives that caused this kind of damage. they knew t

t they wou have like the way when prophet mohammed rule or -- 1400 years ago. >> re: do most people in indonesia consid iran a success? >> only minorities. turkey is much more a mod. >> rose: and turkey is what indonesia would le to be? >> some indonesia is, the justice party look at turkey as a model. but some of the people saying that turkey is not a finished model. it's going to the right model. >> rose: there are people who think this includes the prime minister and others an argument for being in the european union is that turkey can be a bridge to the muslim world. >> yes. >> rose: can indonesia be a bridge to the muslim world. >> well, the problem with the muslim world is to -- maybe indonesia can be a bridge to some muslim society but i doubt it if it is for all muslim societies. for instance, the indonesia mainly sunni muslim, while iran is shiite. >> rose: yeah. >> so not necessar and you know the history of the sunni and -- is quite bloody. >> rose: yes. >> so mayb we could be a model for some like malaia or even brune >> rose: what is the difference in juer of islam and the

. >> that was mohamed el-eran, the trillion dollar money management firm pimco.sat down for a 30-minute pod cast with him posted on dylanratigan.com. we all know the sdet fuddly pro wrestling. a real debt deal would involve real debate, like the one we're having with senator tom coburn. perhaps a global debt restructuring of global obligations many of which people like mohamed in our view will never get paid. think about the way we operated following world war ii. where we gave germany forbearance as opposed to deal wig germany after world war i where we sought to squeeze blood from a stone. we did this after the civil war in this country. we did this with latin america in the '80s. is it time to really get into a conversation about restructuring debt, housing debt, government debt, global debt at this point? with us is our specialist william kohan, author of "money and power ". governor pataki, sam still with us. how would he racket to a restructuring proposal. >> dylan, i give you credit for a deal i had not heard before. you're proposing oust court restructuri

. >> help came too late for baby mohammed buried at just 20 days old. the sharp twigs around his grave to stop high yes nas from digging up the -- high yes nas from digging up the body. but it might not be too late if the world acts now. >> europe's nations will hold a summit in brussels to discuss how to handle the debt crisis and to provide fresh aid for greece. 18 european banks failed stress tests to see how they would cope in case a european meltdown. the financial health of europe's banks have come under the spotlight again. 1906 the biggest banks around the con innocent have been tested to see how they will cope with the strains of a financial recession and financial meltdown. the stress test come at a difficult time for european markets. investors are already on high alert so that economic problems in greece, portugal, ireland and more rep cently spain. last year's stress test were too soft especially when two irish banks collapsed. a new regulator leading the experience has since beefed up the test to see how they would cope with the following.

morocco's keeng marie osmond has won a -- king mohammed has won a constitutional rally. with results in from 94% of polling booths, more than 98% of voters backed the new constitutions. critics said the referendum had been rushed through. our correspondent has been following it. >> there has been not a lot of surprise among a lot of moroccans here that the referendums have been passed. in fact, when i walked around this morning, several voting centers and spoke to people, i really had a lot of difficulty finding one voter who was voting no. all the people i spoke to, i could only find one young man who is opposing the reforms. and he chose not to vote. so it's also good to read a little bit behind the numbers, behind what it means to have 98% vote as yes, and 72% of voters turn up. that also means that basically 30% of the 30 million eligible voters did not show up and actually boycott it. the voting, which is about four million people. there is also the side to look at and say the four million people have heard the calls to boycott on this referendum. >> now candidates

. >> mohammed says that he may end up closing his business. >> i think this is a wrong decision again that the city is making for the small businesses i try to fight for as much as i could. >> the lounges will face fines up to $500 in eventual closure if they do not comply. >> it is never did a u- turn 100 in two years old. tonight, this young lady is selling her birthday along with her family. she is in a school teacher during the years of segregation, world wars and the great depression and she still manages to keep her zest for life. happy 102nd birthday to a beautiful lady. that man was no match to the powerful wizards, harry potter sets a record at the weekend box office, hollywood headlines are next. [ male announcer ] you never know when, but thieves can steal your identity. turning your life upside down in a matter of seconds. hi. hi. you know i can save you 15% today if you open up a charge card account with us. you just read my mind. [ male announcer ] just one little piece of information and they can open bogus accounts, stealing your credit, your money, and ruining your re

this morning, mohamed showed up at ahmed wali karzai's estate and asked to speak to karzai. he walked in with a letter in hand and brought out a pistol. karzai came out of his bathroom apparently was shot in the chest and also in the head as you reported. so it's been reported that this person was basically a body guard for the karzai family and i think that's somewhat of an overstatement. one of the check points that his militia controlled, controlled the access to another karzai brother. so i don't think it was really a body guard. but the militia connection raises some issues. >> does that suggest some sort of internal feud or is it pure speculation. >> i think it's almost pure speculation. it could be feud. often times with many of these local militias there are a few. ahmed karzai himself had his own tribal militia known as the kandahar strike force. karzai was basically the manager of the president's affairs in the south, and he had many friends but he also had many enemies. as you mentioned the lead into this hour, into this segment, he was also alleged of having opiu

any intellectually honest person can't look at the example of islam's prophet mohammed and say that he was a man of peace and that he espoused peace. look at islam's history, current, older, this is not a religion of peace and it's intellectual dishonest to say that it is. >> host: but let me ask you this because the term that crops up in this discussion somewhere is moderate muslim. >> guest: right. >> host: or if you prefer, personal jihad. and i want to go to a couple of people that you quote in this book, john brennan's the preds's chief advisor and james clapper who's the director of national intelligence. clapper said in front of congress, muslim brotherhood secular organization, kind of like the kiwanis club, they jihad is like a personal struggle. now as you've interviewed people, as you've studied this, if you take the average muslim immigrant to this country, do they believe that? or are they inclined to be strict adherence to shari'a which says jihad is not a personal struggle. as global struggle for dominance and it's not achieved until people of the book, christians and je

people and morocco are voting today on a draft constitution for a -- proposed by king mohammed, two weeks after he outlined plans to increase the powers of the prime minister and parliament. critics say the vote has been called to quickly to allow proper debate. our report from morocco's capital. >> waving their flags, wearing traditional costumes and playing drums -- moroccans campaign for their upcoming referendum. supporters for the reform says the king has taken a great step towards a more open society. the king's reforms promise a stronger, more independent judicial branch, accountable government, and a focus on human rights and gender equality. >> as a moroccan, the new constitution is important because it included all of the issues. >> the draft constitution is a political revolution that will make the moroccan kingdom similar to democratic countries that were in a parliamentary system -- with a balance between the government, parliament, and the king. >> just a few feet away, these young men chanted -- the new constitution is a theatrical play. they, along with other political par

don't think it's a surprise norway and the other countries that were involved with reprinting the mohammed cartoons have been in the crosshairs of al qaeda and its supporters for several years now so it's not surprising at all if in fact it turns out to be an islamist group aligned with al-qaeda i mean always know being a safe haven for muslim refugees from countries like pakistan and afghanistan could be a radical element may be in these large communities with links to al qaida it's certainly possible we were hearing earlier on that this was a two pronged attack if you like police saying that the man that did the shooting at youth camp was dressed as a policeman and as we heard from one of our guest just now he appeared first sight anyway to eye witnesses to be of nordic appearance with blond hair not someone you'd traditionally maybe put in with someone who carried out an islamist attack but what does this attack mean for the global war on terror now. well this is something that counterterrorism experts have been worried about a long time is the recruitment of. people in the in europe. w