poppy harlow, cnn, new york. >>> a big announcement from jaycee dugard the woman kidnapped 18 years agoy soon face her accused captors in @@ court. her lawyer said she's agreed to take the stand. plus a man is now coming forward claiming to be jaycee's biological father and he want as a paternity test. but first let's meet this week's cnn heroes. she's helping women protect themselves from abuse. >> abuse cuts across race and across culture. i was born in pakistan and moved to new york in 1990. within the muslim community there's a lot of denial about the issue. the koran condemns abusive behavior of women. if we witness injustice we're required to speak up. i'm helping muslim women end abuse in their lives. we do a lot of community outreach. this affects all of us. we need to talk about it. >> i was afraid for my life. i didn't have a place to go. my family would disown me. my father even said to me you're lucky you live in america because if you lived back home you would have been dead by now. she understood the cultural nuances and the religious issues. >> our duty is to protect ours

poppy harlow joins us with a closer look on all of this. >> reporter: hi, susan. talking about the united states today. the g-20 is kicking off. let's talk about china first because we want to take a snapshot of three different economies and when you look at china, this is a country that has weathered the economic downturn better than any other g-20 nation. there is the evidence. quarter after quarter, despite the slowdown, still growing at an annual rate of more than 6%. last quarter, that gdp rose up to 8%. china had a massive stimulus package just like the united states. but it was different, aimed more direct at consumers to boost their spending. in japan, their economy finally picking up. $250 billion stimulus package in japan that also included a cash for clunkers program like we had here in the u.s. but given that, still economists not exactly sure this is a true recovery when you look at japan. growing worries about deflation and we have record unemployment in japan, 5.7%. that was the reading last month. that is lower, of course, as you know than here in

poppy harlow is in motown as cnn money and time incorporated unveil assignment, detroit. rter: hi, chuck. this is a project we've been working on for a long time. just unveiling it today. joint project between the folk at time inc and cnn money, assignment detroit. how does a city with near 30% unemployment rampant foreclosures a huge racial divide, huge problems with the education system, how do people get by? we've done a number of stories. what i want to show you is a special segment we did with the business owner who started her own company here and is somehow figuring out a way to make it. take a look. >> it's confusing. detroit's a weird place. it's definitely a dichotomy of, you know, people that pay $4 for a latte and people that pay $10 for a crack rock. weird. this used to be -- we call it midtown du but it excused to be called the cass corridor, a rough neighborhood. lots of hookers. lots of drugs. behind our amazing community guard than we have here, we have a building, pretty burnt-out, drug infested. so it's about 100 yard as way. maybe in 200 yards in that d

before she talks to geithner, she spoke with cnnmoney.com's poppy harlow as it should be. oppy is joining us now. >> we spoke with elizabeth warren yesterday. she chairs the panel created last year which is an independent panel that oversees t.a.r.p. she's a harvard professor and she'll be grilling geithner this afternoon. she really wants some answers. here's what she would like to know. >> i would still like to know where the money is gone. i also want to look forward on what his plans are and what his strategies are for getting out of support not just in the auto industry but in the financial services industry. how long is our money going hang out there? >> how long is all of that money going to go unanswered for? that's the question. getting answers, that's going to be tough. the treasury department does not require the banks to disclose exactly how they use t.a.r.p. money. they say, listen, it's like pouring water into the ocean. it diffuses so quickly it can't really be tracked. warren does say that things are getting better. she's getting some more answers from treas

cnnmoney.com's poppy harlow has the "breakdown" from new york. a lot of talk about this, and there will be more talk next week in pittsburgh at the g-20, but what actually has been done so far to curb excessive pay? >> great question, tony. not much. a lot of talk as you said. not much action. what has happened is president obama has appointed a pay czar, that is, attorney kenneth feinberg, but he can only review compensation at banks that got bailout money. but there's some news today, some front-page news in "the wall street journal" that the fed may be trying to enact its power to limit pay for all bankers. "wall street journal" reporting 5,000 banks could be affected by this, 25 of the largest banks in the company, you could probably name them, would be under the most scrutiny. the plan would affect all banks regardless whether or not they received bailout money and this could apply to high-paid traders, loan officers and also, of course, top execs at the banks and this would likely include what you heard about, clawbacks, for bankers that to

. >> reporter: i'm poppy harlow in new york.oposed tax on so-called expensive cadillac health care plans could help pay for reform. will it mean higher premiums for everyone? that's a big question. more on that at the top of the hour. >> i'm rob marciano in your hurricane quarters. tropical storm fred exploding into a category 2 hurricane overnight. where is fred headed and is it any relation to the lovely fredricka? >> i won't tell. all right. thank you so much, guys. we'll also talk to the lawmaker who will deliver the republican response to the president's speech. a surgeon who says he has deep insights into the nation's health care problems. >>> do you recognize this woman right here? a makeover for a woman at the center of a gender controversy. here's the cover shot. she was forced to take a gender test after easily winning the 800 meters at the world championships last month. in the new interview she calls the controversy a joke and says god made her the way she is. track officials say results of that gender test are expec

poppy harlow with our energy fix.u. >>> one named storm made landfall and another one spinning toward land and jacqui jeras is tracking both of them for us. what's the deal? >> hot in off the press. newest updates and advise are rin on both of those storms. we'll have the latest coming up in just a minute. we all have confidence and we all have doubt. but when the moment comes... what's going to win? here's to confidence. gillette helps you look, feel, be your best. gillette. the best a man can get. costs over $10. but blue bunny ice cream and toppings from walmart cost less. make ice cream treats at home just three times a month instead, and save over $220 a year. save money. live better. walmart. you weren't always my favorite day. with all the pet hair in the air, i'd spend class preoccupied, bothered by itchy eyes. but now i have new zyrtec® itchy eye drops. it works fast, with just one drop, to relieve my itchy eyes from allergies for up to 12 hours. no other allergy itchy eye drop works faster or longer. which i

if you want to see poppy harlow's interview, log on to cnn money.ll do it from here in sunny california. erica hill is holding down the fort in new york. erica? >> movie lovers around the world remembering the late patrick swayze. it wasn't just his acting that left a lasting impression. his impact on dance. (pouring rain) i had a great time. me too. you know, i just got out of a bad relatio... it's okay. thanks. goodnight. goodnight. (door crashes in, alarm sounds) get out! (phone rings) hello? this is rick with broadview security. is everything all right? no, my ex-boyfriend just kicked in the front door. i'm sending help right now. thank you. (announcer) brink's home security is now broadview security. call now to install the standard system for just $99. the proven technology of a broadview security system delivers rapid response from highly-trained professionals, 24 hours a day. call now to get the $99 installation, plus a second keypad installed free. and, you could save up to 20% on your homeowner's insurance. call now-- and get the system in

you know, almost a year in the house, you know, can drive somebody crazy. >> poppy harlow, cn, new york the story that everyone is talking about today. actress mackenzie phillips now said she had sex with her father for years, and the story gets worse. hear more of her story in her own words, just ahead. we want to make sure that we provide responsible lending, and we want to make sure that we enable our customers to be successful homeowners. bank of america is lending. whether it's a purchase, a refinance, line of credit... we're here to assist our customers. so we try to make it as simple as possible especially for that first time home buyer. there's a lot of opportunity right now with what's happening in our economy, to really get out and educate. this is responsible lending., it's a lot more conservative than it once was. but in reality, it's a lot smarter., we, at bank of america, have simplified the process by offering the clarity commitment., this is a one-page document, very simplified, letting the customer know, what they're going to sign up for. and there's not a lot of that l

poppy harlow joins us from new york. poppy, what is being done to ensure our savings are safe? >> reporter: they're talking about that in washington today, a big meeting held by the ed fd. your deposits at banks that have fdic insurance, they are fine. they're backed by the full faith and credit of the u.s. government. but the fdic does say unless their insurance fund gets more funds, then it could in the red by the end of the month and could be stuck there through 2013. take a look at this chart just to show you how we got here. at this time a year ago, the ed ific's fund had more than $45 million, to prop up and deal with failed banks. fast-forward to the last quarter of this year, you have just over $10 million set aside for bank failures. the reason we got here, 95 u.s. banks have fail so far this year, compared to 25 banks failures for all of 2008. the fdic is saying the estimated losses from future bank failures could climb to $100 billion through 2013. that's why they need more money in the fund. that's what they're talking about getting today. >> how do they replenish t

poppy harlow talked to some at facebook and you can see the interview at cnn.com. successful that there is actually a backlash against facebook. i saw a t-shirt over the summer that said no, i'm not on facebook. today in the new york post, there was a quote attributed to george clooney that he would rather have a certain kind of medical procedure, an invasive medical procedure than be on -- performed by someone with cold hands than to be on facebook. he doesn't need facebook. >> we're watching all of the companies closely. that's your job, susan lisovicz. thanks so much. appreciate it. >> you're welcome. >>> bearing it all for a motorcycle ride. ahead, the tale of the nude cyclist. i can enjoy the zoo with my grandkids. (announcer) for people with copd including chronic bronchitis, emphysema, or both, great news. advair helps significantly improve lung function. while nothing can reverse copd, advair is different from most other medications because it contains both an anti-inflammatory and a long-acting bronchodilator working together to help you breathe better. ad

cnn.com's poppy harlow spent a day at the races. >> people love their gas cars, all the noise and thelames and everything. people love that stuff. they're not going to go away. >> i think electrics are here to stay as well. >> reporter: instead of putting gas in here, you put a plug in here. that used to be the gas tank? >> used to be the gas tank. >> reporter: what's got you hooked on electric cars? >> the fact that my kids are going to have to inherit the world we live in and i wanted to make it a better place for them. we needed a change. this is the brains and this is the brawn. >> reporter: we think of porsche, we think of expensive. how much money did you put into it? >> i paid $2,500 for the car. i put less than $10,000 into the project altogether. >> reporter: less than $10,000. >> less than $10,000. >> reporter: but then there are some pretty impressive new electric cars made by tesla. the pick-up in this thing is amazing. they're very expensive. they're about $100,000. >> nobody really came out and said let's do a high-end sports car and make it electric before the tesla guy

poppy harlow has been listening in. they are asking on the panel is where has that money gone? we're talking about $700 billion in t.a.r.p. money. that is what the congressional oversight panel on t.a.r.p. is right now as we're looking at pictures there grilling treasury secretary geithner on now. the woman you see there, the chair of the committee, elizabeth warren, this panel was created last year to oversee t.a.r.p. geithner says the program is working saying private forecasters are saying the economy is now growing, that credit is more available. he did caution though we still have a long way to go before recove recovery. geithner says he thinks the u.s. financial system is substantially stronger than it was nine months ago. he did say, quote, i would not want anyone to be left with the impression that we are not facing really substantial challenges throughout the u.s. financial system. essentially he said we borrowed too much and saved too little. banks have repaid more than $70 billion in the loan money. but $180 b

poppy harlow joins us from new york. you sat down with warren buffett. what did people want to know? >> they asked the gamut. some funny, some difficult, everything in between. here are some of the ones we asked warren buffett. one of the first questions we asked him, the chinese economy is growing at a significant rate. many investors moving their money to china. is this going to lead to the next bubble. here is what warren buffett had to say to that. >> well, it could. i mean, whether it is china or any other country if you get people entranced by the profits by yesterday to think the profits of tomorrow are inevitable that is a problem. that is humans, not chinese or americans. that is the way humans react. if they see easy money they tend to form a herd. >> when you look at his principle be fearful when others are greedy and be greedy when others are fearful. should the fed start raising rates sooner rather than later. >> i think the exit strategy is tough. you have as smart man in the country in ben bernanke. i think he is the ideal person to be run

let's check in with cnnmoney.com's poppy harlow. >> big announcement overshadowed when you look at what's. this is the first time the epa is going to require big polluters to publicly disclose their emissions. they're going to have to do it every year. this is about 25,000 metric tons of greenhouse gases emitted a year. how much is that? let's compare it to things we can understand. about 4,600 cars on the road every year. the emissions from those. about 2,200 homes or the equivalent of burning 58,000 barrels of oil. so we're talking a big number. this is generally going to apply to power plants, some animal companies across the country. major industrial operations are going to have to collect the data and report it every year now. >> powerplants now don't str to disclose their emissions or do they? >> they do. it's required under the clean air act. some of the other industries don't. now they'll have to. some environmentalists also say the power plants only contribute about 1/3 of total u.s. greenhouse gas emissions. the new rules will apply to about 10,000 facilities all across america

poppy harlow is going to extend the challenge. poppy?second, look, don't start. you're more likely to buy something if you touch it. there's a reason that retailers lay out clothing like a platter of food. finally, don't be too hard on yourself and instead of spending like $500 a month from pet care, prescription drugs, check out this story on cnn.com/moneymagazine. clark, back to you. >>> nancy, you have a question for me that is what i want to ask you. >> caller: we have 25% credit card debt. and actually pretty much back to where they started and we make less than $40,000 a year. so we're pretty much at the point where we're paying everything out every month and using credit cards. >> how much in interest charges, like what percent are you paying on your credit card? >> 25%. >> 25%? >> yes. >> 25%? >> that's why i want to get rid of it. >> do you realize that's a couple hundred a month just in interest. >> caller: yes. >> wow. the reason why i'm always reluctant for somebody to take savings and use it to get rid of credit card debt is

poppy harlow has more joining us live in new york. are you with me? >> i am with you, chuck.ing out swinging, talking big talk but not much action has happened since then. yes, the president appointed a pay czar. but he can only review compensation at banks that received bailout money. banks that paid back that money they can do whatever they want when it comes to composition. people are worried the old ways of doing business on wall street might be coming back. i sat down with sheila bair, president of the fdic. >> there is a difference between capitalism and unbridled greed. there are tools that are needed in legislation. financial institutions should take some leadership here, too. they should recognize there was a lot of excessive risk taking and the government did have to step in. regular working americans had to come in and support them. it is unseemingly to have eye-popping bonuses and business as usual type of culture. you think they would exercise more self-restraint. >> the bottom line, chuck, she is not talking about regulating exact dollar amounts when it comes to

poppy harlow joins us with much more. that is the big question. hi, poppy. >> we may find out.irman of the senate finance committee max baucus is floating a plan that includes a 35% tax on shy-cost insurance premiums. the insurance companies would have to pay that tax. the idea it would keep down costs for all of us. what is considered high cost under this proposal? $8,000 a year for individual coverage. to put that in perspective, the average american right now on their employee-sponsored health care plan is $4,700. much higher. for family coverage this would be considered high if the plan is $21,000 or higher. the 35% tax to the insurance companies. the average family plan that is employer sponsored $12,600. those are significantly higher. >> will the tax mainly fall on what are called cadillac plans? >> right. >> the pricey, upper tier plans. >> that is exactly right. those cadillac plans or gold plated plans would be affected. these are plans that top corporate executives have, no co-pays, no deductibles, no restrictions on prescriptions or doctors visits. those can exceed

cnnmoney.com's poppy harlow is there joining us live after sitting down with him. >> reporter: hi, chucked. now no definitive end to the recession has been called. i asked warren buffett what his take is is it on it. where are we in recovery? >> i don't know the answer to that. i don't hold myself out as a economic sire or anything. i don't worry about it too much. we're buying stocks this morning. i can tell you that. i'm not buying them based on whether we're going to come out of the recession in flee months or six months or a year. i'm buying them because i think it's that good value overtime. i think it's a mistake for investors to focus on business forecast instead of looking at the intrinsic value of a business. we're not seeing deterioration in our own businesses. and we're in 70 odd businesses. i see them across the board. >> reporter: that's very interesting, chuck, because they own everything from geiko insurance to fruit of the loom underwear. he's not seeing much growth anywhere. he's not seeing great signs of recovery. that from the legendary investor himself. interesting pe

poppy harlow is joining us from new york. you've interviewed warren buffett, have you not?stake last year about $230 million. there's warren buffett standing next to an electric car. now there's more talk he might increase his stake in the company. the chairman of byd suggested that just last week that sent shares soaring on the speculation. on the buffett said he can't comment either way, but we should keep an eye on this one because you know what, brooke, when he took the 10% stake in bib he wanted to get 25% of the carmaker sew, but they weren't willing to sell that much of it at the time. >> i'm sure you were pushing him trying to get more out of him. >> i was. >> i haven't heard him and i'm not money hip, i know you are. have you heard of byb? >> it stands for build your dreams and it's a chinese car company, but it was one of the largest cell phone battery makers in the world. they ended up buying out of bankrupt car companies to increase the battery technology to the cars. next year they'll bring an all-electric car to the united states, they claim it can go 249 mile

poppy harlow got a taste for "assignment detroit." >> can i take your order?e business picks up. >> 95 cents for a cheeseburger. how on earth can you make money, earl? >> well, we do it on volume. that's the whole system is volume. >> why do you set the prices this way? >> number one, i want anybody to be able to eat. anyone who wants to eat. if you've got 85 cents and 35 cents for a cup of coffee you can still get something to eat. i'd rather do a lot of business not make as much money than do a little business make a lot of money. i've had customers over there that's 80-something years old and been coming here for 50 years. in detroit, they think it's their home. >> i've been here longer than you've been here. >> we get used to seeing them every morning. it's like clock work. guaranteed somebody is going to be here by 8:00. pushing 10:00, you're looking for him, like, he didn't show up. >> the other part is the workers. we treat them like family. every one of them. if one of them gets in a financial situation, we all try to help them out. >> i bet that's a g

susan hendricks got the lowdown on what they said from cnnmoney.com's poppy harlow. >> all on fortune.comthey were asked what's changed and what they've learned. legendary analyst meredith whitney, she's known for calling it crisis long before anyone else. she ties the lehman anniversary to actually the one we are marking today. this is what she said. it felt like another 9/11. i don't think they should have let lehman fail. the rules didn't seem uniformly applied. she went on to say, it's very hard to get individuals comfortable with investing if different rules are being applied to different people. then we heard from the ceo of goldman sachs, lloyd blankfein, who doesn't comment all that much, but he said what i remember most was coming into the office on the weekends and, without having made a call to anybody, i found everyone on our team at work. everybody realized there was a crisis looming that was historical. and also john mack, the ceo of morgan stanley recognized the historical significance here. also, the difficulty of facing a situation, susan, that clearly was unprecedented.

right now, let's check in with poppy harlow. >> layoffs and falling home prices obviously hurting a lote things that can help you keep up with the mortgage payment. it's outlined on knmoney.com. if you're facing a pay cut or job loss, consider alternative ways to make money, tutoring or giving a lesson in your field, such as music lessons or starting a small business on the side that won't be too capital intensive. if you took out a line of credit to fix up your home, make it a priority to pay that down. make a budget and stick to it. look to refinance now. interest rates are very low. check out our loan center at cnnmn.com. find interest rates there. more on this, check out our money makeover. it is right and only at cnnmoney.com/moneymagazine. >>> hi, angela. >> caller: hi, how are you doing? >> i'm having a great day. thank you. sounds like you're not because somebody's playing dirty pool with your wallet. >> caller: that's what i'm curious about. i had a -- the college credit card that always gets kids in trouble, and shortly after i got out of college i wound up with pretty severe