>> for the phoenix house here and transfer over there to the phoenix house once i get out.ck me up, and it's free. >> yeah. well -- >> you'd rather have me go to minnesota? >> yeah. you'll have so much more family support, and i think that's going to be absolutely critical to your recovery, son. >> but it's just going to be hard because like we talked about before with all my friends there and all my -- all my friends use pretty much. >> yeah, they do. >> except two people. >> yeah, they do. >> it's going to be pretty hard. you already know that. when i switched schools, it's pretty hard. out here i'll have a fresh start. >> it will be hard no matter either way you go. >> it can go either way pretty much. don't want to be shoveling for five years or surfing for five years. i kind of would rather be the other way. >> but you can snowboard. >> i can go snowboard here. >> but i just think that the support is something that is crucial. >> that's true. i want to choose what's best for me when i get out of here. >> yes, whatever is -- >> so far everything has been going well for

chiefs thanks what if they got a drone and there was a mexican drug lord who was living in a house in phoenix arizona to fly the drone over that house and take out the city block kill a bunch of people but hey they killed a mexican drug lord do you think the united states would put up with that. how long is eight a why can't americans get their head around you know this idea that the people in pakistan are a little upset with us about this i think that we all need to be protesting clifton in st louis missouri clifton what's up. i'm like to bring the subject back to catastrophic climate change i think as americans we should do our support behind any of. them and there's going to climb them and i've got. as the consumers the largest consumers of energy in the world we have the power to change. and so we need to go our support behind. the world i'm only saying about that i'm totally with you ron i appreciate your raising the topic i think the global climate change bill mckibben might happen tony you mentioned bill mckibben bill's been on this program many times in our radio show for years i've k

phoenix! let's go a to a crack house." >> i didn't say that.point what he wanted to do was get some -- get a hotel room -- he was with two other masked superheroes. >> jon: (laughs) wait, who were the other two? >> pitch black and ghost. >> jon: pitch black and ghost? >> yeah, all masked. he wanted to get a hotel room and he wanted to call up some prostitutes and then when they arrived he would ask them if they wanted his help escaping the web of prostitution but i said to them, look, this is a really bad idea because when the prostitutes -- a it's going to be like an hour after their night and, b, they're going to get here, see men in masks, they're not going to be thinking superheroes. (laughter) >> jon: i'm telling you, man, investigative satire. you're like -- you know how richard engel goes into syria, crawls in? you do that for comedy. and i admire that! deeply, deeply impressive. you've got to go get lost at sea, it's on the bookshelves now. it's skadz of these great stories. john ronson, investigative satire. (cheers and applau (cheers

we met at mike rioux's mother's house near phoenix, arizona, where he, his wife and daughter have beenfor the last year and a half. maggie and their daughter share a bedroom, and mike sleeps every night on the living room couch. what is it like for you at 51 to be sleeping on your mother's couch? >> ashamed. i feel low. i feel how can i support my family, let alone get them a house. >> reporter: mike doesn't have the money for a place of their own. he can't work. fire fights and an ied blast in afghanistan left him with a traumatic brain injury and post-traumatic stress disorder. maggie isn't working either so she can look after him. the money is running out and they find themselves fighting a battle they never expected like hundreds of thousands of veterans. one they frankly can't believe. they are fighting for benefits from the department of veteran affairs. >> i thought they were there to help us. if it wasn't for my wife, i would be in the fetal position. i'd be curled up in a ball. i couldn't do it. >> mike has been trying to get his disability claim processed for nearly two years

we met at mike rio's mother's house near phoenix, arizona, where he, his wife and daughter have been last year and a half. maggie and their daughter share a bedroom, and mike sleeps every night on the living room couch. what is it like for you at 51 to be sleeping on your mother's couch? >> ashamed. i feel low. i feel how can i support my family, let alone get them a house. >> reporter: mike doesn't have the money for a place of their own. he can't work. fire fights and an ied blast the in it afghanistan left him with a traumatic brain injury and post-traumatic stress disorder. maggie isn't working either so she can look after him. the money is running out, and they find themselves like hundreds of thousands of other veterans find fiting a battle they never expected. one they frankly can't believe. they're fighting for benefits from the department of veterans affairs. >> i thought they were there to help us. you know, if it wasn't for my wife, i'd be in the fetal position. i'd be curled up in a ball. i couldn't do it. >> reporter: mike has been trying to get his disability claim proc

housing market. you want more evidence? phoenix arizona, a market that was the poster child for housing problems.he overbuilt domination leading foreclosure, entire neighborhoods abandoned and in disrepair. today prices are up 25% so far, and on track to finish up 30%. to be sure that is not as big again as the decline, but the city is poised for real recovery the same story of recovery is playing out in miami, san francisco, san jose, seattle. big losers staging convincing turnaround. i think this may be the most important story of the year, and not when you're likely to hear much about. the media likes to avoid good news headlines. the headline, if it were written, would be, housing is the best opportunity for americans with ready cash. a strong recovery, lower interest rates, low prices. how you can make out like a bandit. that's a right to it. all-star panel. and michael lawson, research and will -- analyst. welcome all. we will start with you. what do you make of this market -- market? bumping along the bottom? what is going on to mac. >> beyond. this recovery is for real, and that think it'

we met at mike rioux's mother's house near phoenix, arizona, where he, his wife and daughter have beenfor the last year and a half. maggie and their daughter share a bedroom, and mike sleeps every night on the living room couch. what is it like for you at 51 to be sleeping on your mother's couch? >> ashamed. i feel low. i feel how can i support my family, let alone get them a house. >> reporter: mike doesn't have the money for a place of their own. he can't work. fire fights and an ied blast in afghanistan left him with a traumatic brain injury and post-traumatic stress disorder. >> reporter: mike has been trying to get his disability claim processed for nearly two years. there has been lost paperwork, long wait times for appointments, and erroneous lab results. when mike was prescribed some medication, it was for a bladder infection he didn't have. mike first filed his claim in january 2011, right after he got back from afghanistan. in august that same year, he learned his claim was finally in review. then in december 2011 he was told to expect a decision by the end of the year. that

i've got to start with the first house in phoenix, sold, i believe, in july of this year, 960,000 bucksn from the michigan price, tell me. >> yes, it sat on the market for 518 days, with six price drops originally listed at 1.5 million dollars. so, it's a gorgeous home, almost 6500 square feet on a half acre has the bells and whistles, priced wrong to begin with and someone had a hope after big dollar and a wakeening and sold it for $960,000 after almost two years on the market. stuart: that's terrific because, i mean, i'm thinking in terms of 2006 and 2007 prices. and 960 grand for that house is a bargain, case can closed. >> it is a bargain. stuart: fantastic. the second house you brought this one from miami. >> yes. stuart: it sold in august i think for 930,000 down from what? >> 1.379 and this home sat on the market for 311 days, so they took a 450,000 less to get this property off their hands. stuart: wow. and i'm trying to walk away with a bottom line for the two homes that you showed us. that bottom line seems to be that bargain hunters, investors are moving in because prices hav

the american action forum held housing events across the country, in las vegas and phoenix and orlando next tuesday and columbus, ohio. different market. the takeaway from those events, there's not a single housing market but a lot of housing markets. the story is not uniformly good and in places where we thought was pretty strong like phoenix, ariz. there's a lot of concern about the fact these are mostly cash, investor class going in and trying to make a little money quickly. that is good news. doesn't look like the sustained growth that we want. i personally am worried about the credit availability so the combination of dodd-frank and the new international court battle are going to crimp the credit market. stuart: you know what we are talking about and appreciate you being with us. i got to take you up on something. you cannot tell me that if president obama gets a second term and raises taxes you cannot tell you will get 4% growth. you don't believe that. >> president obama can't raise taxes without republican support. [talking over each other] stuart: obamacare -- [talking over ea

house. >> then there was the phoenix september 11th. >> an fbi agent in phoenix wrote an electronic communicationidentifying his concern that al qaeda associates and affilia co flight lessons. he recommended a number of things in his memos, sent it to fbi headquarters. >> i still look at that memo as the most important memo written in fbi history. >> it basically went to the bottom of the pile, nothing was done with it. there were numerous missed opportunities that happened that were not taken advantage of that were dots that were not put together. >> over 3,000 other human beings -- >> the families demanded a full federal investigation. >> how could this have happened? >> they wanted a 9/11 commission. >> our call for an indepen do with politics. it has everything to do with seeking out the answers that we so rightfully deserve. >> let's be very clear.z the families were angry. they wanted answers, and they weren't going to accept anything but the truth. >> but the bush white house said no to a 9/11 commission. >> we made the determination at< the time that there were more immediate things we n

house tonight. nascar race in phoenix turned in to a boxing match this weekend.ap. after gordon jumps out of the car he is jumped from behind by crew mesneman of bowyer. full on full brawl between crews ensued. nascar has not said anyone involved in the fight will be punished. should it be allowed to go on? we go to the nascar expert. greg gutfeld. >> greg: well, i'll have you know, this isn't a brawl. this is how they do the wave at nascar. actually, they were congratulating him. this is why the g.o.p. wins wars but loses elections. >> dana: why? >> greg: i don't know. [ laughter ] >> kimberly: he didn't know anything. >> greg: this is a bunch of republicans. >> this is what romney's crew should have done to axelrod and messina. gone all out. >> dana: jumped from behind? >> eric: this is how we take care of middle america. this is the right way to do stuff. if you mess with my car we beat you up. >> kimberly: this is boxing. i want to tell you something, i'm surprised. i know jeff gordon. we used to live in the same building. his wife is nice. i'm telling you, s

some of the biggest gains were in those areas hardest hit by the housing crisis, phoenix, gains of 20.4%up 7.6%. san diego, more than 4.1%. now, the rebound is being spurred in part by those record low mortgage rates. if you've got good credit and a down payment you can get a 30-year fixed mortgage for 3.31%. you can see 15 years for 2.63%. a drop in the number of foreclosures as well as a move by the banks to let home owners walk away from their homes using something called a short sale rather than foreclosing on them is part of it. so all of that is helping consumer confidence. what is hurting it? you know. i don't want to say it. it is that thing. okay, i'll say it. the fiscal cliff. the latest cnn orc poll shows nearly a quarter of a americans fear an economic crisis if congress doesn't act to avoid the cliff. another 44% predict major problems if a deal isn't reached between democrats and republicans to pass more targeted spending cuts and reforms to entitlements like social security in exchange for more tax revenues. well it seems some republicans are prepared to budge a bit on the

housing and autos. in areas that do not have a job market like lost it gat las vegas and phoenix. >> chicago is slightly weaker. and long story short i like what we're seeing is helping our economy. the best six months in a row for quite a while. >> inventories are low for housing is mainly investors were buying up we have more landlords and renters. >> off a couple of months ago it was mostly investors. >> what is happening with this terrorist organization the organization for economic cooperation is forecasting the european economy will contract 0.4% this year. 1.4% next year in our economy will grow 2%. >> again we will learn more at the fiscal cliff develops or on rebels were we in the fiscal wall in the nine states. playing with numbers like this sing your contract for tens of a percent. greece has been in recession for seven years. we will talk about next year also have to do with china. you should see a little bit more stimulus there than not. it is also not the best case scenario. we do not want to% growth in 13 or 4% growth >> england had big cuts and went to a double dip recession if you do no

in 2008 before we had the financial panic in september and depressed housing markets like phoenix, lase other areas we started to see signs of life again so if you get government out of the way, housing would recover far more quickly and let the markets clear, recover far more quickly. the key thing you got to have stable money, don't pile on new taxes and don't pile on all of the new regulations that are coming. those are crushers. >> i want to know whether reinhardt-rogoff was right. if we stay slow for four years it was more than the financial crisis, that washington policy -- >> hold on if you read the book carefully, we should have them back on the show, get ken or carmen on, there is a sense that depending on how you put our last financial crisis, that it's not just four or eight-year thing, it's 10 to 12. >> push this off until the end of obama presidency. >> i'm not putting it on bush. >> sort of did. >> if you measure it it may not be measuring it on 8 years but 12 or 15 years. >> in world war ii you literally wiped out europe and japan, and within a few years, eight years, th

fought the war, highest casualties coming, medal of honor to phoenix, last loop without limb, and, yet, he still couldn't get loans for the housing that other military soldiers could get. they created their own american legion post, and then, of course, we had the operation wet back where they went door-by-door, set up roadblocks and gave people 24 hours to leave. in 1972, i was in arizona as a child. my father worked legal aid. he said, something is happening. arizona was back in the headlines again. arizona, punitive immigration bill, spreading state-by-state, oh, my, god,ic i heard that before. in 1972, there was a governor, one-eyed jack williams. always have unusual governors. [laughter] he said the migrant workers should not boycott, have strikes, talk to the union in the harvest, just shut up and pick the lettuce. keep them scared, these undocumented people. someone came from california and said, are you going to let him do that? they said, you're from california? this is arizona. he said, i am from arizona. they said, well, it doesn't matter. you can't do it here. he said, actually, he didn't say it, but a woman who said

house. yes, it happened, and, yes, it was caught on surveillance camera that a neighbor just purchased. we got this from our sister station abc 15 in phoenix>> siphoning gas. >> he jumped out while it was moving. >> the car crashed into the garage. >> he caught fire, stop, dropped, and rolled like you see him doing right there. then he jumps in his own car, which catches fire. he jumps out of that while it's still moving, the car is on fire and it runs into a house. >> he paid attention to stop, drop, and roll. >> car is still moving, then it crashes into the house nearby and it's all on tape. >> how much damage to the house, did the house burn down? >> a neighbor was there and came out with a water hose to try to save the place, but the house did have some damage, as you see. >> this guy was trying to save a few bucks by stealing gas. the only lesson here, stop, drop, and roll. and don't siphon gas or don't steal. what a dufus. >>> you might have heard it's election season. >> yeah. >> like most people, you're probably sick of seeing attack ads. well, a guy running for congress in the 6th district in massachusetts has come up with his own

. >>> from his famous tent city housing unit to the striped uniforms and pink underwear for inmates, the maricopa county jail in phoenixa, strives hard to be america's toughest jail. it's a reputation promoted by the man who runs it all, sheriff joe arpaio. >> i'm not a social worker. i'm not a psychologist. i'm a law enforcement guy. so if they don't like the way i operate the jails, i got one answer to everybody -- either get out of town, or if you're here, don't violate the law, because you're not going into a hilton hotel in this county. >> get on the ground now! get on the ground now! get down! 23, get down. >> with his wild west reputation, we didn't expect to meet two young people at maricopa who not much earlier were considered role models as opposed to felons. >> no matter where we are you need to be serving god. right now we're all sitting in jail. i'm a very devout christian. i've gotten back to my walk with god. i was working in my church and everything before coming here. it's not jailhouse conversion or whatever. i just followed a friend and shouldn't have done that and helped him do something that i shou

phoenix is up 20 to 30%. >> that is one of the hardest hit. >> vegas, miami, sacramento is up. it is not an absence of a strong economy. the economy will drive housingut if we get the economy going housing has clearly turned and the important thing to remember if it goes back to normal building 1.3 million units a year, 1.4 which most economists say we will have to do soon because we have added 15 million americans this the last four five years or so. that will add 2 million jobs right there. housing could be the thing that helps to drive the economy if we get this economy going. >> you have all of these technology ceos and social media, new technology ceos meeting together in this conference. why is this sector so important to you? is that where the vibrancy of business is today? >> remember we do basic banking like loans but we have 12 million mobile accounts now. people are moving money. you can take pictures of checks and have them deposited. use quick pay to send money to friends and debit your account. these services will grow rapidly. i have been meeting folks and making sure we understand and are geared up for it. on-line banking and moving

honolulu and phoenix in the mid to upper 80s. >>> and in the aftermath of sandy, the issue of long-term housingt become the top priority. in very few places is it more evident than in the hard-hit community of rockaway beach, queens. look at this, a helicopter flight over that neighborhood yesterday showed just how widespread that destruction truly is. it's heartbreaking. and the randomness of the damage is truly remarkable. >> reporter: you can see what was once a kitchen, and if you look inside those kitchen cabinets, all the plates and cups stacked up as if nothing happened here. it looks like this picture can't be real. and that's what strikes you when you look at these pictures. you look at them and say this couldn't possibly be real. >> yeah. more than 1.3 million homes and businesses across the storm zone still without power. now a full week after the storm hit, sandy is being blamed for 106 deaths in the u.s. now we have cold temperatures, plunging. we have folks on our own staff living in their homes without power. so they're just surviving now with blankets and trying to, you know, ga

phoenix, i gather is up 20 or 30%. >> vegas is up, miami is up, sacramento is up. now, it's not going to be an absence of a strong economy. the economy will drive housing. but if we get the economy going, housing is turned. but another really important thing for people to remember, if housing goes back to normal building, 1.3 million units a year, 1.4, okay, which most of the economists say we have to do soon, because remember, we've added 15 million americans the last five years or so, that's going to add 2 million jobs right there. right there. so housing could actually become the thing that starts driving -- help drive the economy if we get this economy going. >> you've got all of these technology ceos and social media new technology ceos meeting together in this conference. why is this sector so important to you? is that where the vibrancy in business is today? >> sure. one of them. remember, we still do basic banking like loans, but we have 12 million mobile accounts now. people moving money, you can take pictures of checks and have them deposited, quick pay to move money to your friends and debit your credit card account or checking card account c

phoenix with miles of conveyor belts. americans are seeing the economy and the housing market slowly improving. but we have four more weeks of holiday shopping. whether the sales numbers can hold up, remains to be scene. >> cautious optimism. thank you for that, bianna. >>> here's another piece of good news for the economy this morning. after trying and failing twice, european leaders have finally struck a deal to bail out greece, whose failing economy had been a huge concern for the stock market. >>> and now, to the crisis in egypt. a key american ally in the middle east, which today, is bracing for more turmoil. thousands of demonstrators are taking to the streets today, throwing rocks, clashing with police. they're furious that their new president, mohamed morsi, has declared authority over the country's court system. morsi has tried to soften his position, saying the apparent power-grab is only temporary. but concerns of widespread violence is so serious, a group of morsi supporters canceled a rally, fearing they would enrage the crowds even more. >>> and susan rice, president obama's likel

phoenix area congressional district. her election comes in the year that also sought a least five openly gay democrats objected to the house while wisconsin congressmember tammy baldwin became the first openly gay person elected to the senate. other firsts this year include the election of the first hindu congress member from hawaii's, along with tammy duckworth of illinois, is also one of the first female combat veterans elected to congress. those are some of the headlines. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. we begin today with the media scandal engulfing the british broadcasting corporation, or bbc. the director general has resigned amidst mounting questions over the bbc's handling of two sex -- two child sex abuse reports. one of the bbc's flagship programs, newsnight, broadcast a report that wrongly implicated a politician in child sex abuse scandals. after the report aired, the victims of a photograph of the politician and said he was not the man who abused him read in his resignation speech on saturday, former bbc director general george entwistle admitted the repor

phoenix is up 20, 30%. >> that was one of the hardest hit. >> las vegas is up. smebt sacramento is up. the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets? isn't the industry still looking at the housing recovery largely a function of refinancing? how do you get new private money going into the mortgage market? >> so we are -- people who do mortgage are doing a lot of purchase mortgages and re-fi. 4.5 million homes are being sold a year. mortgage is still a little tight. i think one of the things that would be really good, the regulators, legislators, and businesses fix as soon as we can, what are the new rules around mortgages? it is too it tight. appraisals are too tight. income app

house. >> and we've seen that here. i think they will be upset, and i understand that. >> yeah. >> but you're hardly alone in phoenix right, correct? >> that's true. >> it's interesting; the number of my coworkers who have approached me to say, "how are you doing this? because i need to do it." >> the southwest has become an inland ocean of bad mortgage debt. here in arizona, a full 50% of houses are underwater, and next door in nevada, it's even worse. 65% of houses there are drowning, and the water's rising. and it's not just the southwest. more than 11 million homeowners across the country are underwater. it's estimated that number could double in the next year, which means nearly half of all american mortgage holders will owe more on their homes than those homes are currently worth. >> we've been through an event that none of us have ever experienced in this country since the depression. >> to try to stem the tide of foreclosures, the commissioner of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borr

housing is improving. you're certainly not buying an $80,000 condo in new york or anywhere in the tri-state region. if you're talking about phoenixthat may be true. >> sales are improving. starts bottomed, construction industry is hiring more people. we're a long way from where we were in 2006 but there's definite signs of bottom coming off the market. >> i don't see it yet. >> the fed chairman said we weren't out of the woods. we'll leave that debate where it is for a moment. rick san tell sli in chicago. >>> thank you very much. if you look at intraday of 10s, we're only a basis point under unchanged but well off our high yields of the day. a lot of this is israel. might not be affecting oil but it is most definitely affecting traders and safe harbor trades. looking at august chart, can you clearly see where two-month low yields on the verge of maybe three. same could be said for the 30-year long bond. now let's switch gears a bit. when it comes to what's going on in the marketplace, maybe we better pay a whole lot of attention to what's going on with the dollar/yen. the dollar's rallied almost 2.5% just in the last two days. y

housing industry this morning. we dig actually christine is digging in very deep and you're going to want to listen to this n be frustrating. so at university of phoenixa growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. part of a whole new line of tablets from dell. it's changing the conversation. ♪ i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> good morning to you. welcome back to "early start." we're minding your business this morning. u.s. stock futures are d

phoenix was the single most overbuilt market in the country other than las vegas. for you to tell us inventory has worked down, perhaps this housihous housing we have seen can continue. it's great news for companies that have been rocket ship stocks. maybe it will continue. >> clearly some of the builders have turned around and done very well. looking at the whole picture, starts, sales, new home sales across the board for housing, we're clearly finally seeing a revival in housing. it's a positive factor in gdp. it's a positive factor in the economy. it's been missing in this recovery at least since 2009. >> one last question. the "times" says the mortgage interest deduction may be a real risk here. we know what the association would say. we know what horton might say about that. have you modeled how it might impact sales next year? >> i think it had some impact on sales. my initial impression from the "times" article is realtors are overstating it which we're not all surprised about. i think this has to grind through. we trimmed this in the past. we capped it. we restricted it to when you refinance, you can get new money in there under the