the dictator in this situation are the banks they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank so leave and they're not going to leave until the head of the new york federal reserve bank leaves. let's take a look at some world news in brief for you this hour the former japanese finance minister has been appointed as the country's new premier after a parliamentary vote aye day earlier yourself equal notes i was elected to head the ruling democratic party of japan having won a runoff because this country's six premier in five years replacing no talk on his administration came under fire over its response to the earthquake and tsunami earlier this year and the nuclear crisis that followed. the american states of new jersey and vermont are struggling with their worst flooding in decades it follows a massive storm which churned up the u.s. east coast killing at least thirty eight over the weekend hurricane irene later downgraded to a tropical storm also cause power outages and over five million homes and businesses total economic damage from the disaster could reach twenty bill

the dictator in the situation are the banks they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank to leave and they're not going to leave until the head of the new york federal reserve bank leaves that should be the whole purpose of the occupation not to sit in front of the it stock exchange and other high falutin for cock to run on sentence about a laundry list of demands that never works. mission free credit taishan free comes for charges free. range month free. free. free. download free broadcast quality video for your media projects cabo john darche dot com. their calendars child was overshadowed by this tragedy. they still feel here they. can remember every second of the site and. it will remain in their memories and heart. and soul. into. a link. welcome back why i cried big city that's what inspires most young russians to me the villages in search of employment and excitement but as autism is kind of discovered they will exit it as leaving many russian communities fighting for survival no hot water or stable electricity supplies and then years pharmacy post office and

dictator in this situation are the banks toure's they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank to leave and they're not going to leave until the head of the new york federal reserve bank leaves that should be the whole purpose of the occupation not to sit in front of the stock exchange and have that high falutin. certains about a laundry list of demands that never works well ok so they're demanding barack obama ordain a presidential commission so let's look at this next headline max obama goes all out for dirty banker deal new york attorney general eric schneiderman has been removed from his leadership role in negotiating a nationwide foreclosure settlement with the banks so all forty nine states attorney generals are on or in the pocket of obama there saying yes we'll sign on to this agreement whereby the banks collectively will pay twenty billion dollars to and that any foreclosure cases against them and it seems like what schneiderman is rejecting in terms of this deal is that he's against the fact that it will basically give them immunity from all other securitization

the dictator in this situation are the banks they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank to leave and they're not going to leave until the head of the new york federal reserve bank leaves. a well it's the guts of world news in brief this hour hundreds of protesters have clashed with police in south africa ahead of a disciplinary hearing of the ruling party's youth league leader. is accused of sowing divisions in the party and embarrassing the president by calling for botswana's regime to be ousted police is trying to break up the stone throwing demonstrators with water cannons rubber bullets and stun grenades live or face as expulsion from the sea at a closed door hearing. twenty two chinese workers have been pulled from an illegal coal mine after spending a week trapped underground they got into difficulties last tuesday after drilling through a neighboring pit that was flooded one man died in the incident while three others were reportedly rescued on saturday china as mine sort of tore his sleeve dead leave though the country has been trying to make recent safety i

the dictator in this situation are the banks they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank to leave and they're not going to leave until the head of the new york federal reserve bank leaves. nearly a billion people in the world are going to. the united states even our trash cans or food the food you just have to go get it all of these perfectly good eggs because one was cracked didn't even get over the other ones just threw them away and she's from the german oh. we really like. the dumpster at one am this morning three pm this afternoon on the grill a cake is made from one dozen. egg white. delicious breakfast for the family ate some toast for about a week every year in america we throw away ninety six billion pounds of. coming up to eighteen minutes past the hour here with our team a look now at some of the global headlines for you this hour the former japanese finance minister has been appointed as the country's new premier after a parliamentary vote a day earlier you're serpico noto both elected head to head i should say the ruling democratic party of japan having

dictator in this situation are the banks that they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank to leave and they're not going to leave until the head of the new york federal reserve bank leaves. nearly a billion people in the world were going from greece every day. in the united states even our trash cans are full of the food you just have to go get it all of these perfectly good eggs because one was crap didn't even get all over the other ones just threw them all the way up and choose from the german know if we really like. a profile. from the dumpster at one am this morning three pm this afternoon on the grill take just made from one dozen times. delicious breakfast for the family make some toast for about a week every year in america we throw away ninety six billion pounds of. welcome back a rick a brief look at some other international news headlines right now a former tripoli's finance minister has been appointed as the country's new premier after upon him in truth both a day early a nordo was elected to head the routing democratic party of japan having won the runoff

dictator in this situation are the banks yet they need to surround the new york fed which is only a few blocks away and demand the head of the new york federal reserve bank to leave and they're not going to leave until the head of the new york federal reserve bank leaves. now american oil giant exxon mobil and russia has signed a historic cooperation deal paving the way for a joint oil exploration and development from the gulf of mexico to russia's vast arctic shelf i'm now joined by our live here in moscow for more you cord so could you tell us more of the deal and what it means. this is surely quite an impressive deal which should open new opportunities both for russia's biggest oil company at all and for a u.s. energy giant exxon mobil first of all the two companies will jointly develop the oil fields on russia's arctic shelf there's something about some really impressive figures this new companies are fighting to invest three point two billion dollars in oil exploration according to russia's prime minister vladimir putin who was also there with the signing of the strategic cooperation agreement. on the size of direct investment into this project

new york state. the federal reserve bank of dallas found that since june 2009, texas added 265,000 net jobs out of 722,000 nationwide. that's 37% of all new u.s. jobs in the last 25 months. >> there is still a place where opportunity looms large, in this country, and that place is called texas! [cheering] texas! texas! >> this weekend, governor perry travels to three states with critical early primary contests -- slina, new hampshire, iowa. question, who has a stronger political base, mitt romney or rick perry? mort? >> we don't know whether perly will pass the normal reviews of a national press corps, butly say this -- he has done the best job and that state has done the best job in creating an environment attractive to business and jobs in the economic development. i think he's -- it's not just a last couple years where -- he created something like 40% of all the jobs in america for the last five years, in texas. so that is going to be appealing at a time when we have a huge unpromise in the country and in that sense in terms of the country being interested in economic development, they see this as anot

according to the federal reserve bank of new york, student loan debt has increased 25% just since 2008. steve, look at this chart here. you can compare student loan debt with all other debt and you can see, look at that top line, that's student loan debt. everything else we're either cutting back on or can't get any more of. we are piling on to the student loan debt. it seems as though you just can't win, steve. >> the colleges are working to create a more compelling academic experience, academic and social experience. they're constantly building. if you've been to your alma mater they're constantly building. they don't have the money to do so, so they're passing those expenses on to the children. and the children who are most in need, cannot afford it. >> el zi, talk about community colleges, talk about maybe getting preparation at community colleges for some things you're weaker in before you go to a state school or private school. people have to be strategic about getting that degree and remind me, we love the degree, the degree will mean a 4% unemployment rate as opposed to a 9 % u

keep your goal argentina for example my country has always cold in the vaults of the federal reserve bank of new york now if this could start a run on keeping gold in america in the european union and in the u.k. and switzerland this might have much more dire consequences than mr chavez imagines because if we go back in history in two thousand and two and november to be exact so then hussein used his billion dollars per annum oil for food and medicine agreement after the first gulf war to. buy oil but he instead of doing it in dollars he did in europe and that could create a run on the dollar as no one would be in the major currency for your mortgage so that was. going to be just to clarify there is the movement all of this amount of gold enough to really affect the market. as i was saying it is if it creates a run on on the gold market and what that point i wanted to sort of very much stress is that when iraq did that in two thousand and two we all remember that in march two thousand and three saddam hussein ran into a little bit of trouble so very often the reaction. i say this because what we're s

keep your goal argentina for example my company has always cold in the vaults of the federal reserve bank of new york now if this would start a run on keeping gold in america in the european union and in the u.k. and switzerland this might have a much more dire consequences than mr travers imagines because if we go back in history in two thousand and two and november to be exact so then hussein uses billion dollars per annum. for food and medicine agreement after the first gulf war to just to buy to sell oil well he instead of the dollars urals and that could create a run on the dollar has normally been the major currency you want to buy some of that was. really just to clarify this is the movement all of this their knowledge of gold enough to reiterate the market. as i was saying it is if it creates a run on the gold market and what's the point i want to sort of very much stress he said when iraq that in some thousand to. we all remember that in march two thousand and three saddam hussein ran into a google of trouble so very often the reaction can be dire i say this because what we're seeing in syri

and a report today in the "wall street journal" that the federal reserve bank in new york is having extensive meetings with leaders of european banks, worried about their solvency, with their ability to meet financial obligations. all of this made for what some traders call the perfect storm. >> the bad news seems to move from time tone to time zone across the globe. is everyone so exposed to everyone else now your retirement is, at least a little bit, on whether pearlysconey is getting along with his finance minister? >> there is interconnectist in the world market. i just got back from a two-and-a-half-week tour speaking to institutions and portfolio managers. i don't think they're all that worried about greece and portugal. the worry is spain. if spain goes, i think you have huge issues. my hunch is spain is not going to default. >> but then just today we knot reports that several countries are balking at the terms of a greek bailout, that we may be seeing bailout fatigue, or the early signs of it, very heavy in many of the euro-zone countries. >> i think that's especially true in germany.

according to a new study the federal reserve bank of new york says outstanding debts on student loansthe last three years. >>> the social security administration wrongly declares 14,000 people dead every year. the inspector general says the mistakes cause severe financial hardship and distress to those affected. >>> mortgage rates are going down. the average rate on a 30-year fixed mortgage has fallen to 4.32%, according to the mortgage bankers association and as rates fall home loan applications shot up more than 4% last week. >>> there are growing cries to ditch the penny. because the coin costs more to make than it's worth. last year the u.s. mint lost $42.6 million making pennies and nickels because of rising metals costs. >>> abercrombie & fitch is offering the "jersey shore" cast a substantial amount of money to the to wear their brand on tv. store executives say they're worried about ruining their image. the company hasn't said how much it's offered to pay. for the latest news about your money, check out the all new cnnmoney.com. "american morning" back right after the break. a

could look at someone like tim geithner, the treasury secretary, who was head of the federal reserve bank of new yorkhe's received his share of criticism. and the current president of the new york federal reserve, bill dudley, used to be the chief u.s. economist at goldman sachs. you know, there are people in government that work for these places -- worked for these places and our collective leaders have decided to keep certain people in place. and the american people can whether they want to keep those officials who were in those positions. host: next up, harrison, arkansas. you're on the line for "washington journal." caller: yeah. i'd just like to comment on the greatest stimulus package that our government could put through, and that would to be get speculators out of the oil market and get oil back down to, you know, $30, $40 a barrel like it should be. 2008, oil was $147 a barrel and basically overnight it went to $30 a barrel. if that's not supply in demand, that's what we were told if oil was where it should be, each and every individual household would have more money in their pockets. small

those numbers come from the federal reserve bank of new york. let's go to keith in arkansas. good morning. caller: good morning. thank you for taking my call. your question is about the money that we make. let me clarify something. there's a misconception. banks make money. governments make money. counterfeiters make money. everybody else has to earn their money. that's a bad way of phrasing it. to pay off all the debt that we have -- we will spend as little as possible in order to do that. host: in some other news this morning, here's a story about the deficit reduction committee. the republicans on the bipartisan committee met for several hours on tuesday. we are learning that the democratic members of the meeting and are slated to hold a conference call later this afternoon to discuss their work. also this morning in the papers, the two top officials ousted in the fast and furious scandal. it says here -- that is an update on that program. here's an update on "the new york times" story. hurricane irene ranked at the top 10 of u.s. disasters. it says here -- this is somethi

the federal reserve bank of new york reports that consumer debt fell by $50 billion in the second quarter world's biggest retailer walmart, might be losing its edge on lower prices, at least that's what many shoppers believe. a recent survey by retail consultants show that the big box chains image as the low price leader has suffered since the recession because some shoppers are finding cheaper deals with competitors. >>> massarotti, the ultraluxury italian car maker recalling cars in the u.s. to fix a problem with the rear suspension. 800 sedans and coups for model year 2009 are part of the recall accounting for almost 60% of the 2009 massarottis on the road right now in the united states. >>> finally hong kong based cafe pacific airways is delaying its advertising campaign. the reason is a racy video of airline staff allegedly covortsing with each other on company aircraft which has surfaced on the internet. apparently the airline has concerns its slogan "meet the team that goes the extra mile" could be inappropriate in light of that video. "american morning" right back after this short

news reports that manufacturing in the new york region contracted for the third straight month in august as orders and inventories dropped. the federal reserve bank of new -rk's general index fell to 7.7. the office of the u.n. high commissioner for human rights has released a report calling for an investigation into alleged war crimes in sudan. the report cites witnesses who claim to have seen mass graves dug by the sudanese army for executed prisoners. an update on last week's violence in the united kingdom. the prime minister says the riots were not provoked by racial tensions, party, and the austerity program. instead, he is blaming a lack of personal responsibility. he told an audience today that british society has become one that insights laziness and excuses' bad behavior. he said he will outline new policies by october aimed at reversing the "slow motion moral collapse" that he blames for fostering the disorder. estimatesh governogovernment several tons of oil may have leaked into the north sea. the leak began next week. the government says it is small compared to the bp spill last year. it says in the context of the u.k. continental she

could look at someone like tim geithner, the treasury secretary, who was head of the federal reserve bank of new yorkd he's received his share of criticism. and the current president of the new york federal reserve, bill dudley, used to be the chief u.s. economist at goldman sachs. you know, there are people in government that work for these places -- worked for these places and our collective leaders have decided to keep certain people in place. and the american people can whether they want to keep those officials who were in those positions. host: next up, harrison, arkansas. you're on the line for "washington journal." caller: yeah. i'd just like to comment on the greatest stimulus package that our government could put through, and that would to be get speculators out of the oil market and get oil back down to, you know, $30, $40 a barrel like it should be. 2008, oil was $147 a barrel and basically overnight it went to $30 a barrel. if that's not supply in demand, that's what we were told if oil was where it should be, each and every individual household would have more money in their pockets. sma