we failed brenda schaeffer's family.we felt what we felt was right at the time. >> do you owe the schaeffer family an apology? >> we're sorry because, you know, any family would be devastated, but we made a decision on the evidence that was given to us and that i just don't feel that we should be blamed. >> as shocking as the murder was, the people of louisville had yet another shock to come. in this country there's a constitutional protection from double jeopardy that is once you've been acquitted of a crime you cannot be retried even if new evidence, no matter how compelling surfaces. it was designed to protect services from an overzealous government, but what it means in this case is ignato will never spend a day in jail for the murder of brenda schaeffer. >> and you're sick to your stomach that you can't get justice in the case. >> why not give the government a second bite from the apple if, in fact, evidence like this is found after the fact. >> you'd have prosecutors prosecuting people again and again and again and

bernie schaeffer is chairman of schaeffer's investment research and publisher of the "option advisor market letter." happy thanksgiving. >> thank you. >> tom: why focus on the optimism around the banking sector? >> because it kind of remarkable, the banking sector as measured by that -- on which i recommended back in june is off by about 20%, yet the percentage of analysts who have buy ratings on the banking sector has gone from 32% to 40%. only 5% have cells, so i'm concerned about an overall level of complacency in a sector that has issues from a fundamental standpoint, has been performing poorly, yet again the analysts love it and option traders are not too scared about it. >> tom: couldn't you argue that's when there's value, perhaps at a bottom of an economic cycle, perhaps with all the risk out there maybe now is the time to go optimistic with banks. >> well, i would say it could be a good time for the market or it could be a good time for other sectors. i look at the banking sector as a potential sector that could weigh the market down. the picture on the broader market is muc

but shawn schaeffer's interview was one of the more unusual ones we conducted.he segregation unit of prison haslet, a maximum security facility. >> on 30 december, i killed my wife. >> okay. why and how? >> i killed her with a big knife. >> why? >> because i had no gun with me. >> okay. but why did you kill her? >> oh, why? i was very, very angry that she want to leave. for her, no problem, huh? but she wants to take my son. and she wants to move with the son to germany. >> schaeffer, a korean adopted by a dutch family, said he had outstanding charges in germany that could have led to a two-year sentence if he followed his wife into the country. after arguing, he stabbed her numerous times. >> three times in the neck. two times in the back. two, three, the total was ten with a big knife. >> how big? >> a kitchen knife. >> in the middle of the interview, something unusual happened. >> we're in the middle of this interview with shawn and i noticed a distraction coming over my right side, and it was actually an officer. he was holding a wrist watch that apparently

of schaeffer's investment research. we'll see the october reports on existing home sales and personal income. on monday, hewlett packard reports quarterly results. we'll find out if new chief executive meg whitman is turning the tech firm around after a year of instability. 1,000 detroit city workers will be laid off between now and the end of february. that's about 9% of the city's workforce. the city is scrambling to trim costs as it looks to avoid impending insolvency. the job cuts are expected to save $14 million this fiscal year. a report commissioned by the mayor's office says without drastic reforms detroit will run out of cash by april 2012. >> the food and drug administration ruled that avastin should no longer be used to treat breast cancer. avastin will still be on the market because it's used to treat other forms of cancer. today's ruling is expected to influence insurance coverage. a monthly supply can cost more than $8,000. medicare said it will cover it while it evaluates whether a change is needed. >> to

christian schaeffer is here with that. >> reporter: i did the math and it was more than 750 times bigger than what that woman normally gets charged and when she complain the city said she would have to pay it. not anymore. frances webw lived on this-- in this home for more than 40 years and owns this vacant lot a purchase made by her aunt back in the 60s because the family didn't want another home built next to theirs. that second lot also has a water meter so frances has two water bills to pay every three months. >> the highest bill i was paid was $25. >> reporter: the most recent bill for the vacant lot was higher. this is the total? >> yes 19,000 something. >> reporter: 19,000,370 -- 19,370.44. >> yes. >> reporter: 19,377.44. >> i can't tell you what i said. i didn't stay -- didn't say bad words but i can't tell you what i said it upset me. >> reporter: that's more than the total amount she and her family has paid for that lot's water bills in all of the 42 years they owned it. >> i know we wasn't using that much water and from the time she said this was wrong because we had paid for

but shawn schaeffer's interview was one of the more unusual ones we conducted.he segregation unit of prison haselt, a maximum security facility. >> on 30 december, i killed my wife. >> okay. why and how? >> i killed her with a big knife. >> why? >> because i had no gun with me. >> okay. but why did you kill her? >> oh, why? i was very, very angry that she want to leave. for her, no problem, huh? but she wants to take my son. and she wants to move with the son to germany. >> schaeffer, a korean adopted by a dutch family, said he had outstanding charges in germany, that could have led to a two-year sentence if he followed his wife into the country. after arguing, he stabbed her numerous times. >> three times in the neck. two times in the back. two, three, the total was ten stabs with a big knife. >> how big? >> kitchen knife. >> in the middle of the interview, something unusual happened. >> we're in the middle of this interview with shawn and i noticed a distraction coming over my right side, and it was actually an officer. he was holding a wrist watch that appare

last night on "60 minutes," morley schaeffer shared this. >> reporter: when you first started the rooney60 minutes," what was the immediate response? >> how are you going to hate andy rooney on television? i don't recall having much negative comment from anybody. >> reporter: did you have any idea, though, that you had become iconic on this broadcast? >> well, i hope you're right. i don't know that -- whether you're right or not, but i like hearing you say it. >> i don't know anything offhand that mystifies americans more than the cotton they put in pill bottles. why do they do it? >> reporter: for over 30 years, andy rooney held court, dispensing his wit and wisdom from his desk-turned pulpit-soapbox, or whatever you want to call it. >> i make my living having opinions. >> all i'm saying is -- >> reporter: as america's favorite grouch-in-chief, he was the voice. >> will you please tell me why -- >> reporter: the loud whiney voice speaking on behalf of citizens fed up with nearly everything. >> that's what's wrong with what's going on in washington. >> reporter: and a watch dog. >> look

all new is an exhibit dedicated to william donald schaeffer. see his toy train set at b and o museum. think of a child in need while do you go your holiday shopping. for the 13th annual kinder time toy drive officially underway. you will have until december 22nd to donate new unused toys. drop them off at 15 local wal- mart stores on go to celebrate learning center. state police barracks or fire stations in baltimore city and the county. and anne arundel county. abc2 is a proud sponsor of the kender time toy drive. remember the 12 days of christmas? partridge in a pair tree? this year that partridge in a pair tree has a spike because of everything is above 100,000 dollars. for the first time ever 364 items across the songs verses would cost 101,119 increase of 4.4% over the year. >>> around the nation this morning, a startling incidentfor many passengers on board a delta airline flight. passengers noticed a man watching child pornography on the plane. police say one of the passengers took a cell phone picture of the man watching it. massachuset

schaeffer? >> this is about city finances. the current budget is $6.8 billion. that is twice the size of the budget of alameda county and the city of oakland combined, twice what they spend, yet we still do not have money for basics like paving streets. there is a bond measure to pave the streets. my question is, what is the problem? why do we spend so much money, yet have so little money for basic things? >> i think we have to look at where the city is making investments and are we getting a good return on that. we spend a $13.5 million per year on the top 225 street alcoholics, jail, so boring centers, individuals moved by paramedics -- sobering centers, individuals moved by paramedics. i have advocated what seattle does, housing where individuals or chronic alcoholics -- >> does that tell a larger store? >> i think it does. 12.9% of the time, an operator is not showing up for a shift. that is a huge loss. we have $11 million of fare evasion. i know it is not working. i know what has not worked under three past mayors and we will do the things that make sense

. >>> i am christian schaeffer and get all the latest news online at abc2news.com. have a great weekend.

>> certainly seems the schaeffer view of circumstances is more plausible. without any question. dr. definitely a stretch. is it a reasonable stretch or a ridiculous unreasonable stretch. if there is one juror there that finds the defense's version to be reasonable then they will hang firm the judge has told them to hang firm. >> reporter: if the jury is not unanimous and results in a hung jury, the trial is over. dr. murray goes free. and the prosecutor decides whether to retry the case. but for now, seven men and five women will reunite for their second day of deliberations. debating who gave jackson his fatal dose of propofol. diana alvear, abc news, los angeles. >> sunny, you have covered and watched this case very, very closely. what do you think sticks in the jury's mind day two this week? >> i think it is a matter of causation. we know conrad murray should not have been giving him propofol in his bedroom. you just don't do that. did michael jackson, the addict maybe give himself a little too much. they're struggling with that. people may feel like i am not going to hold dr. mu

maury schaeffer will host it and you can see it here at 7:00. >>> election day is just two days away.te on a number of council races, measures and taxes and so on. that includes a crowded race for mayor in san francisco. look at that, san francisco examiners melissa griffin and san francisco chronicle's grow garafoli join us now. >> good morning. >> melissa, everybody is looking at this race. we have the chance of actually electing the first chinese american voter, and this thing called ranked choice voting. people seem to be -- i'm not sure they know what they're doing. >> they certainly don't. i have been taking an informal poll among people i run into, waiters i talk to, regular friends who are civilians. they are uniformly confused by rank choice voting. i think we'll see probably a low turn out as a result. >> how does this rank choice voting work in oakland? >> not too well for the people of oakland. you can see, people as an oakland resident, i'm watching this to see if oakland is going to be -- if the person who gets the most votes isn't elected mayor. >> in order for that to

steven schaeffer and in brief questioning, testifying the standard of care should be higher in a homeg and restated his belief on the amount of propofol given to michael jackson. >> in your opinion, does this absolutely rule out the hie possibilities is put forward by dr. white? >> absolutely. >> and is it cold front with the hie possibilities is put forward by the results some. >> it suggests that michael jackson received more propofol. >> reporter: after 33 prosecution witnesses and 16 events, both sides have rested their cases and the jury, the judge instructed the jury to return here thursday morning, 9:00 a.m. local time where they will begin jury deliberations soon. right now what is happening, the judge is meeting inside from the attorneys from the both sides, discussing what can'ts will be admitted into evidence and susessing what type of instructions will be given to the euro thursday, laura? >> let me ask you again, craig, to refuse for us, if he's found guilt oat manslaughter charges. what his potential sentence could be? >> right, and if convicted, conrad murray faces up t

margie schaeffer is on the phone to explain.ood morning. >> reporter: muni passengers may have to pay more. one of the option to erase a $23 million deficit for the current fiscal year charging riders to pay cash fares -- an extra quarter and another quarter for a transfer. meters may have to be fed sunday and at night. the fine for an expired downtown meter would go up to $68. these ideas and ideas are not new. muni riders are of mixed opinion. most people voiced frustration saying times are tight and that extra cash makes a big difference for the middle class and the poor. others are more generous saying, they would pay more for a service they consider vital. reporting live in san francisco, margie schafer, cbs 5. >> is there any indication that this could mean fewer passengers on muni? >> well, that's always a possibility. some people not willing to pay that extra fine, felt they will walk or figure another way perhaps carpool to get to work so that's always a distinct possibility and it's one of the factors muni will conside

schaeffer and dr. white. he didn't just die of propofol.ollow and a load of lorazepam. the propofol wouldn't have killed him. so now are we going to hold dr. murray responsible for that as well? >> two problems. first take the propofol out of michael jackson's room. don't let him have the propofol if you know he's an addict. second of all why did he have it in the first place? it was never suppose to be in the home. the third point is the autopsy report shows that he died of follow very overdose. that's what the autopsy report says. a completely neutral person. megyn: why was he mentioning lorazepam, mark? >> i'm still not clear what they are saying except the general concept that he repeated almost at beginning of his closing argument, they want you to convict conrad murray based on the actions of michael jackson. the concept that michael jackson did something while went outside -- when conrad murray went outside the room and that something caused his own death. >> the jury instruction was key for the prosecution. even if moij ingested the

schaeffer, those two main experts everyone has been talking about. they tell us the jury was not nearly as focused. they weren't paying attention as much. they were over it. you can see yuri mouth i want to case to get over. that is something both sides have to take into account, jenna as they begin closing arguments. do you risk upsetting jury? we know dr. murray didn't testify. that is something you take into account also. it is curious if the jury find him guilty afterwards. if they decide to talked to media, what their decision will be and whether that played any part and whether the judge allowed that to play any part, jenna. jenna: lots of different sides to the story, jenna. thanks for your coverage. we'll be back to l.a. as news warrants. meantime we go around the world, jon. jon: greece, jenna is at the center of the financial world. hard to believe such a small country. all eyes are on athens. a new report on a vote on that european bailout plan is now off the table. president obama joining leaders in france for the g20 meetings today but,

army intelligence officer lieutenant colonel tony schaeffer arguing against the war crimes charge are david rivkin and lee casey, both with the baker and hostetler law firm. this is almost two hours. [inaudible conversations] >> good day to all of you. today we are sponsoring through the center force duddy of her sponsored by the third in a series of debates on taboos. we define taboos as significant subjects that are not often discussed in political, electoral or mass media circles. the subject today is president george w. bush and president rock obama, war crimes or lawful wars? all societies have taboos. they are systemic forms of censorship. they often serve as the powerbrokers in any society and in our country, they are antithetical to the full expression of the first amendment. if taboos are broken as they have been in our past, we then can discuss them. if they are problems we can address them straightforwardly. there were taboos against discussing the slavery, the women's right to vote, spare labor standards, the rights of farmers and many others throughout her history. once t