and i think mortlock is one of those few places around papua new guinea who still keep their cultures and traditions but already the life in the community has been very distorted. and i think i've already seen signs of a bad future for my children. [children speaking indistinctly] when i was living in this area in this house, this is where my kitchen is. now the sea has washed the place, and it's very sad to see that the children now growing are not seeing what we have seen before. [conversation in native language] man: tamaki... [speaking native language] telo: no snakes. no harmful insects, not on the island, except mosquitoes. it's the only thing that makes people afraid to come to the garden. [insects chirping] when the garden was given to my father by his father, the garden has already been affected by salt water. [mosquitoes buzzing] the giant taro takes 15 years to grow. and there's maybe over a hundred different types of ceremonies you have to dig giant taro for. that's why this salt is a big thing affecting the lives of families on the island. [mosquitoes buzzing] as you see,

right after that, we went up to pop wa, new guinea. i went with the ambassador and had just heard that i was going to be given another two years there. as i mentioned the other day to jill, australia is an idyllic assignment unless you're ambitious. it's left field. it's siberia, you don't want to be there if you're coming up for promotion and that type of thing. this is 1967 and '8. >> contrary to some revisionist interpretations, you were not with the cia in australia? >> no, i was not. >> okay. on the record. >> would he tell us if he was? >> i'd have to kill you. but there were actually 22 defense departments activities which i sort of oversaw. i didn't command anything. but in australia there were 22 d.o.d. activities. and we had about 600 american troops there. i was desperate if i had another two years down there, had to get out of there. when we got the new guinea, it was raining and we were confined to our motel, the ambassador and our party. and i read in the new guinea tok tok, which is their newspaper, all about this guy bo

so when a group of scientists found such a spot in 2005 on the indonesian side of new guinea and madeh the discovery of dozens of new species, we decided to go. this mountain rain forest, a sort of garden of eden, was about as far from civilization as you can get. but as bob simon first reported in 2007, getting there was half the fun. >> after a 20-hour flight to jakarta, indonesia, followed by a 7-hour plane ride to new guinea, we had concluded the easy part of the trip. we then boarded a single-engine plane with bruce beehler, the lead scientist from conservation international, which stirred the world with its discoveries in 2005. after an hour in the air, we were looking for a grass runway. we skirted the treetops and touched down. [people singing in native language] we landed right in the middle of a party. the guests of honor: us. >> all: [singing] >> what is going on? >> whoa, that's quite a welcome. >> who are these people? >> these are the papasena people. they seem to like you. >> when the papasena people like you, they dab you with clay. the village of papasena was our jump

so when a group of scientists found such a spot in 2005 on the indonesian side of new guinea and mades with the discovery of dozens of new species, we decided to go. this mountain rain forest, a sort of garden of eden, was about as far from civilization as you can get. but as bob simon first reported in 2007, getting there was half the fun. >> after a 20-hour flight to jakarta, indonesia, followed by a 7-hour plane ride to new guinea, we had concluded the easy part of the trip. we then boarded a single-engine plane with bruce beehler, the lead scientist from conservation international, which stirred the world with its discoveries in 2005. after an hour in the air, we were looking for a grass runway. we skirted the treetops and touched down. [people singing in native language] we landed right in the middle of a party. the guests of honor: us. >> all: [singing] >> what is going on? >> whoa, that's quite a welcome. >> who are these people? >> these are the papasena people. they seem to like you. >> when the papasena people like you, they dab you with clay. the village of papasena was our

. >> new guinea is about to go to the polls tomorrow. the country has been in political deadlock since last year with two men claiming the role of prime minister. the two-week long election will see the candidates competing for over 100 parliamentary seats pretty massive police operation has been launched to prevent the violence that has marred previous elections -- parliamentary seats. a massive police operation has been launched to prevent the violence that has marred previous election. coming up, greece hopes to turn the table on germany in the euro 2012 football final. the authorities in mexico have detained the son of the world's most-wanted drug lord. the following report in mexico city does contain some flash photography. >> it is a traditional triumph for the mexican authorities. in this case, it was the 26- year-old son of the world's most-wanted drug trafficker being paraded before the press. guzman looks directly at the cameras without flinching. his alleged accomplice was just 19 years old. the authorities showed a number of

>> that is actually a saw band out of new guinea. >> you can't say sean penn because that becomes a jokehere was not a single actual celebrity that was named. >> no, andy levy. >> or tv's andy levy. >> not even. you viewers at home, but if you want to submit my name. >> do not do andy levy. andy levy is a machinist in scran ton. he is tired of your phone calls. >> a good machinist. he dozen joy the nude photos. >> and the woodworking. >> they want to go further and ban popcorn. you referred to them at tortoise pace. i think you need to show them that pet stey theft is there and give the mayor of our city some respect. gavin, have you considered a taliban for dummies book? >> i did. >> i want to say f -- i went to see "permithius." it was the same thing. because of how long the previews were, i finished them and ran out to the concession stand. they were closed. >> they did it wrong. >> i couldn't get snow caps of. >> they can be there when you need them. >> i really believe they figured out how many white crystals to make it perfect. each has the exact same number. you know how i know th

curassows to jack new guinea's vessel did reward for his major contribution to broadway aside from theas you mentioned this coming sunday is a street fair of this weekend if you love your food he lettered in crafts he loved to dress up you got to get down there. on sunday to assess food and dancing of so much fun it should of course the summer of love it all began their there's a lot this summer of love going on there this weekend's get out there and enjoy your weekends but do not forget to pass the tunney's sunday at 8:00 right tunney's sunday at 8:00 right here on cbs and up,,,,,,,,,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. the search is on par gunman in east palo alto and the fourth homicide of the year police say someone shot a 31 year-old center to ensure your last night and 2500 block there collecting evidence and alert had be

his experiences as a fighter pilot and his life in the jungles of new guinea where the squadron was stationedis the real mccoy, so to speak. jesse excels, of course, and is awarded a medal of honor. to get his medal, he comes back to the states and meets maria, the mountain girl and halle and emotions sizzle but he knows that maria is his true love and he promises to go home to her. he goes back to his unit in new beginy and unfortunately, is shot down in the isolated section of the new guinea jungle-- >> reporter: unfortunately. we are out of time. you are giving people a good tease. it's a fascinating book. they will have to see what happens to the downed pilot and because you were a fighter pilot, it's the real mccoy and you can share your experiences through a fictional account. a great love story. thank you so much for your service it our country and this great new book and happy father's day as well. you remember the word it's can't we all just get along. >> eric? rodney king's beating sparked deadly riots. news of his death, coming up [ male announcer ] it's simple physics... a body at

. >> matthew was born in papua, new guinea. how would you like to have a fund that's in the top 1% over the past decade and the top 10% or so over the past year? you get that kind of performance, you got a winner there. let's talk a little bit about this idea that i think must be on your mind based on what you say of financial repression. the idea that investors can't make real returns in risk-free assets. >> it is a paradox today. there is no risk-free asset that offers a real return largely because in response to the fault lines that exist in the real economy we've resulted to monetary therapy to try to solve our problems but the problem with that is that for prudent long-term investor today, even out 0 a decade or beyond, you are looki locking in. and if the goal of investing is to grow your wealth in real terms, then it's a pa dox call situation. >> which is one of the reasons why you say money is corrupt, right? >> money has been corrupted and i think in an environment where money is corrupted you have to look for opportun

. >> headlines out of papau new guinea. what do you think about the stock at $64?ne of our favorite shorts. it's one we haven't talked about that much because it's a pretty tight borrow on the short, frankly. i don't want to talk about it too much. i can just say it does remain one of our favorites. >> in terms of pushback from investors, are you getting any pushback on concentration of positions? yes, things may be cheap. you were heavily exposed in financials between citi, goldman sachs, aig, berkshire hathaway. >> sure. i put berkshire hathaway in a completely different category from the other financials, by the way. we have always invested in a concentrated fashion. you know, i think most of the money in this world is sort of kos closet indexed. we've usually got 50% or #0% of our long book in our top ten positions. fairly well diversified top ten positions. not just the financials. and so i think it's important. however you invest, you need to communicate to your investors what you're doing. as long as there's communication up front and people go in with their

matt dances his way everywhere, from papaua, new guinea. was serious earlier. this is hard-core news you're getting here. >> that's sweet. >>> also, a birthday celebration fit for a king. we want to wish a very happy birthday to prince william. he's turning 30 years old today. the palace says he will celebrate with a quiet dinner and close friends. it's a big day for him financially. he'll inherit about 10 million pounds, roughly $16 million, from his mother, princess diana. >>> this is my favorite story of the morning. two classics are making a comeback. "sesame street" is headed for the silver screen. word is 20th century fox has picked up the rights to the "sesame street" movie. and has one of the shows long-time writers onboard to write the script. >>> a new chapter for another tv favorite. my favorite, "reading rainbow." remember that show? it went off the air in 2009. it's launching an ipad app that allows kids to read books with animated illustrations and games, o all on their own. or they can follow the show's host. the app is free.

of culture and in celerity rigidity one might say focus consistency is present in indonesia and new guinea and suburban maryland and the washington office is because they have constructed a global system and global policy is the verso unified and codified and distributed about all of their channels of operation. but i think more than any corporation i have encountered as a journalist everyone who works there gets up in the morning and is reading off of the same playbook. it's almost like a military aberration or a sports team that is exceptionally well organized around the same playbook and i think fear kind of self-conscious about that military metaphor. they are unusual about the ever was a tot the top 40 jobs and corporations you'd find a significant number of people came from a competing company literally live in their career most corporations are in for the top by at least some outside perspective that exxonmobil everybody turns up from college graduate school you don't become a marine corps general by having a successful career and then deciding when to go to where to stars on your s

demonstrations won't cause damage well they pay humans to be guinea pigs yep you heard me right in a warehouse building in morris county new jersey residents make sure when you don't lose an hour to be abused you might get hit with the tongs or fired at with rubber bullets but i guess in this economy have jobs a job right but let's examine this a little bit closer last october an iraq veteran was hit by a police projectile in oakland well taking part in the occupy wall street protest we've played this footage before but take another look at your marriage what's your . scuttles and suffered a fractured skull and brain swelling after being shot he's still recovering i wonder if those new jersey residents understand the dangers of having the army fire rubber bullets or projectiles at them and again this is just for a measly twenty dollars an hour and that's not forget another occupy protest in california where law enforcement went overboard remember this from u.c. davis. after seeing that i wonder what would make people agree to be pepper sprayed and how many times for twenty dollars an hour after all the pepper spray most po

guinea put help organize the trip oh. i cheering crowd welcomed full russian bikers on monday when they returned home from iraq they were detained in new baghdad on the twenty eighth of may in charged with espionage and these a forgery the men are actually very experienced mood of bike tourists who previously traveled from the horn of latin america the united states mexico europe and china in the iraqi jailed a man would beaten and even threatened with the death penalty found guilty the whole situation caused a diplomatic row now the russian foreign ministry spokesman admitted at the bike isn't a direct from turkey without valid iraqi visas most school did. everything it could to get the bikers back while they were still in jail hundreds of russian bikers how they really outside iraq's embassy protest in their arrest they deliver their petition to we were x. and russia asking for the man's release on their return to moscow the bikers blamed the media for not reflecting the real situation in iraq which they found was far more dangerous than they expected. as. any welcome to our program well first of all with regard to this anti thriller