very much artie's tom barton reporting there well i'm now joined live by global market analyst patrick young who will no doubt have plenty to say on the controversial bailout plan patrick thank you so much for joining us of course this levee will be painful for many to swallow but surely it's in the interests isn't it for everyone better to live with a little less money now than walk around in a bankruptcy surely. of course it's always going to be better to be living in a state of the soul than to not bankrupt but i think the question that must be a lips of every single cypriot sanford today is the idea of why did they have to pay and why did the ball and holders not have to pay that is what is inherently so physically wrong with this deal is proposed you see bourne's government debt and so on those people are investors they take a risk and at least it should be a relatively safe investment but in this case it's all gone horribly wrong what is appalling about this particular instance is that the european union the eurozone have taken a step forward beyond their creepiest policy where they al

democrats and a coalition led by to scrapes former prime minister silvio berlusconi investment advisor patrick young says italy's euro zone partners have good reason to worry the dots a veto can't be paid for under the current economics of the italian system of course we've heard a number of politicians who've spent the whole of the last fifty or sixty years in frankly all of western europe telling people the government would ultimately be the answer to all of their problems that era is over we're looking at a new era of smaller government smaller debt and actually a great deal more power to listen rather than the government activity it really is rolling into an incredible brick wall of the european union with that if the italians cannot keep standing the debt they already have then they have fundamental problems unfortunately with the coalition that's essentially a coalition from hayle looking at the negotiations that are noise being put together by the president it's going to be very difficult for italy to sustain itself in the euro zone and if it really is not going to be able to reliable member

euro bonds hit for quite some time so for more analysis on this we're going to get the opinion of patrick young co-author of the gathering storm to get some more insight into this for us so hello to you patrick so please just presume pacha these restrictions do come off. what's going to happen where's the money going to go if not cyprus oh well i mean the problem is actually i don't think the restrictions can come off because there's going to be a giant sucking sound as all the money disappears from cyprus i mean there are all of these oligarchical private jets and corporate private jets sitting in nicosia airport peacefully hoping that they're going to manage to get their money and that in some way shape or form where does the money going to go well it's going to go to all manner of other havens and i would suggest most of them are going to be outside the european union first or probably the closest place you want to go somewhere like dubai or one of the other emirates they've got a quite reasonable banking system financial center pushing very very hard to try and improve and of course if you

well global markets on as patrick young says the use of proposition to encroach on personal as well as foreign bank deposits deeply in danger is the banking system of the euro zone and the european union have looked at the altar all cyprus situation and said a huge swathe of deposits here come from people outside the european union and whether they've done it entirely cynically or whether they've done it entirely consciously we can never be absolutely clear but there certainly looks to me to be a lot of politics behind this move essentially the euro zone the european union have said who can we manage to take a haircut from that are actually not our citizens not our voters or not our beleaguered banks who are largely incompetent that also is a terrible precedent to set because ultimately any banking system is reliant upon foreign deposits and all foreigners whether they're russian corporate russian oligarchs or whoever they are it matters not one iota because the whole point is that from today on people will be aware that there is a precedent for burning investors who want to hold the u

dollars for russia's businesses and individuals to find out the implications of the scenario i asked patrick young of d.v. advisors if the accusations of money laundering in cyprus have any truth to them. are there are instances where there is money laundering has taken place through cyprus and so on well actually i would have no doubt that there is are we on the other hand saying that the fifty billion dollars worth of business of loans that are sitting currently on the books of russian banks between russia and cyprus are all the result of money laundering of course not and this is really where the argument becomes disingenuous no matter how hard well organized the system there will always be a few people breaking the law to say there's no money laundering in any system would be as ridiculous as us taking a look at the traffic right now in new york or london or moscow and saying nobody out there is breaking the highway code the road lol of course they're breaking it there are blind to be a fraction of the people who are doing it ultimately cyprus has upgraded its money laundering in the course of

together to try and form a stable government or else face new elections and investment advisor patrick young has strong concerns about the financial ramifications of the deadlock. but you're pro crisis that elephant in the room that nobody was talking about so far this year is back and it's back big time because ultimately fifty seven percent of the talents don't like the idea of a stereotype and they don't really want to do the sorts of things that the european union will supposed upon them that's causing us a huge problem because ultimately you've got incredible new parties like betty greeley or surf five star movement you've got an incredible wave of support that came back from mr berlusconi a former prime minister and so billy nations and of course not i it plays in the worst possible political limbo there's no clear ike right win or there's no clear government it's going to take weeks on end and if it really is not going to be able to reliable member of the euro zone then there probably is not going to be a euro zone but ultimately should investors lose money because of bad investment d

patrick's. he's still a young man. he dismissed his own chances but what's the mood there?lot of new yorkers were hopeful. even though the archbishop of new york, timothy dolan, was not one of the top possible front runners, boston preceded him, he was spoken of as being a humble man but catholics of new york city are very excited. there's a huge population of catholics in new york city but also a huge populations of tourists. we spoke with argentinaians in their glory. people from latin america speaking about how italy is giving an opportunity of reaching out to other countries such as latin america. i'm speaking with a man named jim, visiting the vatican and you're here on a historic day. >> here's my souvenir. i have a seal of the pope right on my head. >> you were just there. >> yeah. a few months ago. we saw benedict xvi at the window and waved but i was targeted by -- startled by the choice, a man from latin america. the simplicity of him coming out without the red velvet cape and gold cross, the first thing he did was ask the people to bless him. >> wasn't that amazi

young, more diverse. there's only one democratic woman governor and when patrick retires in massachusetts, there won't be any diversity for democrats at that level either. >> this was a gentle goodbye. mitt romney is not going to jump into what is a very interesting debate and fight in the republican party, that even if he's not going to be a part of it -- in fact, the day before governor perry of texas says this last election was not a defeat -- gwen: actually, let's listen to governor perry in texas. >> now, the popular media narrative is that this country has shifted away from conservative ideals as evidenced by the last two presidential elections. that's what they think, that's what they say. that might be true if republicans had actually nominated conservatives in 2008 and 2012 -- kert -- he said was conservative candidates. that was a little dig there. >> mitt romney -- it was a kind of goodbye and he god a -- got a rousing reception. gwen: were from a lot of digs like that? >> no perry was basically kneeing him in the groin. republicans have always like governors because governors always do thing.

patrick's weekend. some time after midnight, a group of young men left the party and spotted a car with what looked like two boston police officers inside. they had no idea these two men weren't really police officers. and no clue that just a short time later, these two men would pull off the greatest art heist in history. >> come in, clock in, there would be two guards. >> reporter: rick abbot was one of the night watchmen on duty the night of the crime. until now, he'd never done a television interview about what happened that night. rick was 23 years old back in 1990. he had been working at the museum for about a year. the guard's shift began at 11:30 p.m. a shift that most nights was uneventful. >> boring. yeah, sit around, walk around, basically. one guy would go up and start his rounds, and then when he came back, the other would get behind the desk and the other person would go up. >> on this night, things would be far from boring. during the night shift, there is always one guard manning the computer at the security desk by the side door. the employee entrance, which was the only way into the mu

young tech workers keeps demand high. >> the other change we made -- >> reporter: so san francisco is where patrick kennedy has built smartincorporating lessons learned in his prototype. the four-story building has 23 point-sized pads of 2 95 square feet. >> did anybody say you're crazy to be building apartments less than 300 square feet? >> yes, everybody has basically said that until they've come and seen it. >> reporter: these tiny apartments cost $1,600 a month. the average studio in san francisco rents for more than $2,000. >> we have housing affordability crisis. >> reporter: san francisco supervisor scott weaner's legislation passed in november lowering the city's minimum apartment size to just 220 square feet. >> we're at risk of losing our diversity. it's harder and harder for people who are working class who aren't earning high incomes to be able to stay here. >> reporter: the lower rent attracted terenzia. she moved in this week. >> is this going to be big enough? >> it will be. i think it will be perfect for me, and it makes it affordable without a roommate. >> reporter: kennedy is so convinced, he is about to

when i stop and think about when i went to visit twice and saw the young men and women who volunteered as patrickhey were doing the right thing and now our standing in the middle east is far. it has enhanced iran's statue. americans weren't respect in the region. both shi'ite and sunni in the middle east are not ruling as they were. israelis are concerned that because of what happened to us in iraq, we would not be prepared to get involved in a war of choice, but war of necessity. >> and let's remember also the programs of torturing. the united states was stood out for the right values and whole world would fall in love with the values. suddenly the united states is torturing and taking pictures of dead bodies and urinating on them and taking pictures. they are saying this is who we are today. >> the people that exposed that torture are the ones that are facing the consequences. private bradley is in jail today while dick cheney and george bush are outside. >> i have to ask the former congress member, what is broken and wrong in congress given all we talked about and all of the bla blackening of

young at the time. my youngest son was friends with patrick schwarzenegger. he knew the secret service detail that would follow, the security detail that would follow him around. he did not like that idea. we sat around, and it was my three kids, me, and my wife, and my son was crime, daddy, please do not do it. my daughter said, daddy, i do not want you. my wife did not wanted. my oldest son was in support of me. i told about 40% in my family. i do not carry my family. [laughter] i figured if i could not carry my family, then you know, that is about as good a constituency i could get. i do not regret that at all. what i discovered, particularly in california, and i think jerry brown has done a combat -- an incredible job considering what he has had to deal with your -- here -- [applause] the state was left in an absolute mess by the previous administration. to be able to get it on track with the governance structure in california, which forces you to get two-thirds majority to pass a budget, two-thirds budget to raise taxes, and that is why he decided to put

patrick's day, you've got to go to neery's and have corned beef and cabbage. >> you look too young toon't do that. >> what's your favorite spot? your spring break spot and memory? >> well -- >> hoda likes to take her landing strip to -- >> stop it, i'm going to stop bringing it up. that's the end of that discussion. >> where do you go? >> i'm not answering that. i don't remember spring break, how about that? >> i used to go to bible camp during my spring break. >> and sexy lingerie coming up. >>> back on this try-day friday, with more of "today." sandy beaches, warm waters and tropical drinks beckon thousands of college students to spring break. but you also want them to play it safe. >> here with advice and gadgets all of us can use before we pack our bags is the safety chick, kathleen baity, the author of "college safety 101" miss independence guide to empowerment, confidence and staying safe. we're excited you're here. >> what's more important than now, when everybody is packing their bags. >> absolutely. >> good to see you, kathleen. >> a lot of things kids do and grown-ups do is

young at the time. my youngest son was friends with patrick schwarzenegger, so he knew that the service -- secret service detail, you know, that would follow the security detail that would follow him around, he didn't like that idea and he sat around and there was my three kids, me and my wife and my son was crying, daddy, please, i don't want you to do it. my little daughter said daddy, i don't want you to. my wife didn't want it. my oldest son was in support of me. basically i polled 40% in my family. i didn't carry my family. i figured if i can't carry my family -- [laughter] that's about as good a consensus i could get. >> do you regret that decision at all? >> i don't regret it at all. i discovered also, particularly in california and i think jerry brown has done an incredible job considering what he to deal with here -- [applause] -- you know this, state was left in an absolute mess by the previous administration. and to be able to get it on track with the governance structure we have here in california which forces to you get two-thirds majority, pass a budget, two-thirds majority to raise taxes.

patrick's day, we have bag pipes and the irish dancers, a champion group from nearby white plains. a bunch of beautiful girls and one youngoy dancing. >> they are great. we watched them practice here this morning. all i can say, they didn't need much practice. >> no. >> they're this good every time. >> they're professionals. good morning, america. >> i'm dan abrams in for dan harris today. it's sunday, march 17th. we get a chance to see bianna at least i have never seen her before. >> i have never seen myself like this before. >> a trip to the super bowl of rodeo. and a transformation into a genuine cowgirl. >>> also coming up on this show, a 2-year-old, a chair, a crib, what could go wrong? we're going to freeze it. wait until you see what happens next. >>>by9do begin with the hottest show on tv. we're not talking about american idol or "dancing with the stars." it's a surprising hit series about the bible that's setting new record ratings. with the third episode airing tonight, many expect the series to hit another heavenly audience high. abc's gio benitez has the story. >> reporter: the history channel's the bible is a

patrick's day, we have bagpipes and the irish dancers, a champion group from nearby white plains. a bunch of beautiful girls and one youngoy dancing. >> they are great. we watched them practice here this morning. and all i can say is, they didn't need much practice. >> no. >> they're this good every time. >> they're professionals. good morning, america. >> i'm dan abrams in for dan harris today. it's sunday, march 17th. in this half-hour, we get a chance to see bianna at least as i have never seen her before. maybe others here have. >> i have never seen myself like this before. >> maybe family members of hers have. a trip to the super bowl of rodeo. and a transformation into a genuine cowgirl. >> i have no idea who that woman is right there. >>> also coming up on this show, a 2-year-old, a chair, a crib, so, what could go wrong? we're going to freeze it. wait until you see what happens next. it's a viral video that you'll have to see to believe. all that is coming up. >>> we do have breaking news on the west coast. a decision on a case that has divided a small town. >> this was really a powerful and extremely emotional v

patrick's day weekend. there was a house party at the building right behind the museum. sometime after midnight, a group of youngy and spotted a car with what looked like two boston police officers inside. they had no idea these two men weren't really police officers. and no clue that just a short time later these two men would pull off the greatest art heist in history. >> come in, clock in, there would be two guards. >> reporter: rick abagent was one of the night watchmen on duty the night of the crime. until now, he had never done a television interview about what happened that night. >> cops were at the hotel. they said boston police, we've got a report of a disturbance on the premises. so i buzzed them in. >> reporter: that decision to buzz them in is something rick abath has had to live with for the past 23 years. >> the cop that was dealing with me turned to me and said, don't i know you, don't i recognize you? i think there is a warrant out for your arrest. can you step out from behind the desk. >> reporter: here rick makes another grave mistake. he steps away from the security desk and away from the pan

patrick, if i may. here's the deal with this race. there's going to be a lot of kids in that audience. a lot of young children.e may even be the same age of the children that died at sandy hook. what kind of message that this sends to their children, that their favorite sporting event that they see with the family maybe is sponsored by a gun lobbying group? >> you know, piers, you're a fine fellow. you just don't get it. there's nothing wrong with guns, and responsible gun ownership. and a lot of those young people that you're talking about who will go to the race, go also shooting with their mom and dad. i was talking to the camera person in the studio here. they went out shooting this weekend with their daughter. there's nothing wrong with this, piers. i know it's just foreign to you. reonsible gun ownership.g with >> it's not foreign to me. i understand that when guns are used properly by law-abiding rational people, then that is part of the american culture. the problem america has is there are so many criminals and mentally insane people getting their hands on guns and slaughtering other americans. that's

, more than a dozen young african-american boys had been found dead, many dumped in the woods around atlanta. >> i was very fearful. my god. >> sheila baltazar pleaded to send patrickly in rural louisiana. >> if i had somewhere to send my son, i would have sent my son. >> one evening, a white man in a big car appeared to threaten patrick and a small friend. >> the little boy said that patrick said, man, that might be the killer. >> patrick used a pay phone to call police. he told them, a man was chasing me and my friend in a brown cadillac. >> well, actually, thought it was a crank phone call. they didn't send a car out. >> this is a sketch the other boy provided to police after patrick was dead. two weeks later, on february 6, patrick stopped by the restaurant where his father worked to ask for money, then walked back toward the omni. he never made it home that night. >> i'm like, he didn't come home? oh, my god! that was the first thing popped in my head. missing. murdered. oh, my god! >> the atlanta missing persons bureau continue their hunt for this missing child. >> one day seemed like it was a week. that was the longest search in the world. >> it was almost 2