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he shoek with steve kroft on contract 60 minutes" last night. >> they're able to see your order and play against orders you don't under. they're able to front run your order. >> what do you mean front order. >> means they're able to identify your desire to buy shares in microsoft and buy them in front of you and sell them back you do at a higher price. it all happens in infinitesimally small periods of time. the speed at which traders have is milliseconds, some is fractions of milliseconds, but it's enough for them to identify what you're going to do and do it before you do it at your expense. >> you can see steve kroft's entire "60 minutes" interview with michael lewis at cbsnews.com. >>> jurs selection begins today in california in a new major court battle between apple and samsung. apple accuses samsung of infringing on five patents on the design of its galaxy smartphones and tablets. the trial comes less than two years after a federal jury found samsung guilty of infringing on apple patents. anne-marie? >> all right. jill wagner at the new york stock exchange. thank you very much, ji
he shoek with steve kroft on contract 60 minutes" last night. >> they're able to see your order and play against orders you don't under. they're able to front run your order. >> what do you mean front order. >> means they're able to identify your desire to buy shares in microsoft and buy them in front of you and sell them back you do at a higher price. it all happens in infinitesimally small periods of time. the speed at which traders have is milliseconds, some is...
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i'm steve kroft. >> i'm leslie stall. >> i'm morley safer. >> i'm won simon. >> i'm scott pelley. those stories tonight on "60 minutes." cbs money watch update is sponsored by lincoln financial. calling all chief life officers. >> glor: good evening. the wireless wars continue. both at&t and t-mobile adjusted pricing plans today. wall street's bull market run began exactly five years ago. and william clay ford, sr., of ford motor and ex-owner of the detroit lions has died at 88. i'm jeff glor, cbs news. how can you see yourself in new glasses... without your glasses? at lenscrafters, our unique camera and screen system lets you compare yourself in four different frames at time. making sure all your vision choices are clear. lenscrafters loves eyes [ female announcer ] if you're struggling with bipolar depression, there are treatment options. ask your doctor if once a day latuda, lurasidone hcl, may help you. in clinical studies, latuda has been shown to be effective for many people struggling with bip
i'm steve kroft. >> i'm leslie stall. >> i'm morley safer. >> i'm won simon. >> i'm scott pelley. those stories tonight on "60 minutes." cbs money watch update is sponsored by lincoln financial. calling all chief life officers. >> glor: good evening. the wireless wars continue. both at&t and t-mobile adjusted pricing plans today. wall street's bull market run began exactly five years ago. and william clay ford, sr., of ford motor and ex-owner of the...
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Mar 23, 2014
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i'm steve kroft. in this edition, we talk with julian assange, the mysterious and eccentric founder of wikileaks, whose website made public thousands of u.s. secrets. and we examine the secret danger behind a type of dust that's killing american factory workers. we begin with wikileaks, a website that publishes classified and suppressed material from whistle-blowers around the world. in the late summer of 2011, wikileaks made news when someone--it's not clear who-- dumped 250,000 unredacted and classified state department and pentagon documents, which had been in wikileaks' possession, onto the internet. when we interviewed assange, he was already under investigation by the justice department for publishing classified material and possible violations of the espionage act. he was also under house arrest in britain, fighting extradition to sweden in connection with two sexual assault cases, which he has called part of a smear campaign against him. in what is still his most extensive television interview
i'm steve kroft. in this edition, we talk with julian assange, the mysterious and eccentric founder of wikileaks, whose website made public thousands of u.s. secrets. and we examine the secret danger behind a type of dust that's killing american factory workers. we begin with wikileaks, a website that publishes classified and suppressed material from whistle-blowers around the world. in the late summer of 2011, wikileaks made news when someone--it's not clear who-- dumped 250,000 unredacted and...
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. >> i'm steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm bob simon. >> i'm scott pelley. those stories tonight on "60 minutes." >> call. >> good evening, the u.s. says there will be costs for russia after today's crimea vote. honda's recalling nearly 900,000 odyssey minivans because of faulty fuel pump cover. and an unnamed billionaire has purchased a world record 201 million dollar life insurance plan. i'm shareen alfonsi, cbs news. ♪ always one step ahead with an intuitive motion activated lid and seat, kohler makes sure you'll never have to ask him again. still running in the morning? yeah. getting your vegetables every day? when i can. [ bop ] [ male announcer ] could've had a v8. two full servings of vegetables for only 50 delicious calories. crestor got more high-risk patients' bad cholesterol to a goal of under 100. way to go, crestor! yeah! getting to goal is a big deal, especially if you have high cholesterol plus any of these risk factors. because you could be at increased risk for plaque buildup in your arteries over time. so, when diet and exercise aren't eno
. >> i'm steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm bob simon. >> i'm scott pelley. those stories tonight on "60 minutes." >> call. >> good evening, the u.s. says there will be costs for russia after today's crimea vote. honda's recalling nearly 900,000 odyssey minivans because of faulty fuel pump cover. and an unnamed billionaire has purchased a world record 201 million dollar life insurance plan. i'm shareen alfonsi, cbs...
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insure your possibilities. >> kroft: i'm steve kroft.] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ it may seem strange, but people really can love their laxative. cc1: it hydrates, eases, and softens, to unblock your system naturally. so you have peace of mind from start to finish. . . "the amazingsly on race all-stars," eight teams ced from kuala lumpur to colombo, sri lanka. airport, two teams took a risk. >> we can make a 30-minute connection. else is on the flight tonight except for us. can you put us on standby? phil: one paid off and one didn't. >> so there's no chance. phil: in oklahoma bob, jessica at john couldn't get a bite the detour while brandon and rachel lost their balance. roadblock, connor sewed up first place. team number one! winning the leg with his fath
insure your possibilities. >> kroft: i'm steve kroft.] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ it may seem strange, but people really can love their laxative. cc1: it hydrates, eases, and softens, to unblock your...
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Mar 3, 2014
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i'm steve kroft. tonight on "60 minutes presents," three stories about crime and punishment.e begin with "the gaskos." charlie and carol gasko were an elderly couple who moved to santa monica, california, sometime in early 1997 to begin a new phase of their life. for the next 14 years, they did almost nothing that was memorable. and they would be of absolutely no interest, if it weren't for the fact that "charlie gasko" turned out to be james "whitey" bulger, the notorious boston gangster and longtime fugitive, who recently began serving two life sentences. "carol gasko" was actually catherine greig, whitey's longtime girlfriend and caregiver. as we first told you in november, the story of how they managed to elude an international manhunt for so long while hiding in plain sight is interesting. and tonight, you'll hear it from the gaskos' neighbors, and from federal agents who finally unraveled the case, with the help of a boob job and an alley cat. if you were forced into retirement, with a comfortable nest egg and a desire to be left completely alone, there is no place bett
i'm steve kroft. tonight on "60 minutes presents," three stories about crime and punishment.e begin with "the gaskos." charlie and carol gasko were an elderly couple who moved to santa monica, california, sometime in early 1997 to begin a new phase of their life. for the next 14 years, they did almost nothing that was memorable. and they would be of absolutely no interest, if it weren't for the fact that "charlie gasko" turned out to be james "whitey"...
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i'm steve kroft. in this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's f
i'm steve kroft. in this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the...
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steve kroft talked with author michael lewis about his new book out this morning called "flash boys." lewis says the stock market is rigged. >> if it wasn't complicated, it wouldn't be allowed to happen. the complexity disguises what is happening. if it's so complicated you can't understand it then you can't question it. >> this is all being done by computers. >> all being done by computers. it's too fast to be done by humans. humans have been removed. >> past is the operative word. machines with secret programs are now trading stocks in tiny fractions of a second, way too fast to be seen or recorded on a stock ticker or computer screen. faster than the market itself. high-frequency traders, big wall street firms and stock exchanges have spent billions to gain an advantage of a millisecond for themselves and their customers, just to get a peek at stock market prices and orders aflash before everyone else, along with the opportunity to act on it. >> the insiders are able to move faster than you. they're able to see your order. and play it against other orders in ways you don't understa
steve kroft talked with author michael lewis about his new book out this morning called "flash boys." lewis says the stock market is rigged. >> if it wasn't complicated, it wouldn't be allowed to happen. the complexity disguises what is happening. if it's so complicated you can't understand it then you can't question it. >> this is all being done by computers. >> all being done by computers. it's too fast to be done by humans. humans have been removed. >> past...
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i'm steve kroft. thanks for joining us. [ticking] [ticking] >> the mood is dark. people are pissed. why not try to do better? >> jeff immelt is the ceo of general electric and one of the country's most important business leaders. now he may have an even more important title, jobs czar. immelt, a republican, was recruited by president obama to help generate ideas about creating jobs. >> if you just looked at how many hours a day do republicans spend on job creation, do democrats spend on job creation, does the white house, it's nowhere close to 100%. we're not spending enough time on jobs. >> you know, the economists say that the recession's over. >> really? they should come to newton, iowa. [chuckles] >> and this is what they would see in newton, iowa: a maytag plant, where 2,500 people worked, now abandoned. this was the chrysler dealer, the chevy dealer, the tractor supply company. it helps explain why there is so much anger in the land. >> i'm sick and tired of people going to congress and washington, d.c., and making a living out of it while we starve to death. >> i believe we o
i'm steve kroft. thanks for joining us. [ticking] [ticking] >> the mood is dark. people are pissed. why not try to do better? >> jeff immelt is the ceo of general electric and one of the country's most important business leaders. now he may have an even more important title, jobs czar. immelt, a republican, was recruited by president obama to help generate ideas about creating jobs. >> if you just looked at how many hours a day do republicans spend on job creation, do...
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>> i'm steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm bob simon. >> i'm scott pelley. those stories tonight on "60 minutes". what you wear to bed is your business. so, if you're sleeping in your contact lenses, ask about the air optix® contacts so breathable they're approved for up to 30 nights of continuous wear. ask your doctor about safety information as serious eye problems may occur. visit airoptix.com for a free one-month trial. to truck guys, the truck is everything. and when you put them in charge of making an unbeatable truck... ... good things happen. this is the ram 1500. the 2014 motor trend truck of the year and first ever back-to-back champion. guts. glory. ram. it all started with my daughter delivering a book to a third grader who said it is the first book she'd ever owned. my daughter looked at me, kind of like unbelievingly, and said, "daddy, can that be true?" and that just broke my heart. this is what i need to be involved in. this is what i need to try to fix, at least locally in columbus, is getting books to kids. [ female announcer ] mutual of om
>> i'm steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm bob simon. >> i'm scott pelley. those stories tonight on "60 minutes". what you wear to bed is your business. so, if you're sleeping in your contact lenses, ask about the air optix® contacts so breathable they're approved for up to 30 nights of continuous wear. ask your doctor about safety information as serious eye problems may occur. visit airoptix.com for a free one-month trial. to...
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as steve kroft they track our every move online to sell our information to advertisers and retailers.ow much is really being revealed. >> most retailers are finding out they have a secondary source of income which is the data about their customers is probably just about as valuable maybe more so than the actual product or service they're selling to the individual. so there's a whole new revenue stream that many companies have found. >> reporter: that data becomes much more valuable when it's married to the personal information that's being volunteered on the internet. take 5 solutions, a data broker in boca raton, florida, runs 17 websites like good parents today and t5 healthy living where people can share their stories about family and health. what web users don't realize is take5 is take and selling the information and there's also an invisible side to the internet most people have never seen. when you're onsite you may think you're alone but you're not as he showed us using a software program called disconnect, which was created by a former google engineer. what's this stuff? >> s
as steve kroft they track our every move online to sell our information to advertisers and retailers.ow much is really being revealed. >> most retailers are finding out they have a secondary source of income which is the data about their customers is probably just about as valuable maybe more so than the actual product or service they're selling to the individual. so there's a whole new revenue stream that many companies have found. >> reporter: that data becomes much more valuable...
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one of the great moments in interview steve kroft said, isn't that illegal?hael said, no, it's legal front running. how can that be? isn't it crazy? your government has blessed. your government thinks it's good. it's your government. it's government as good as you're going to get and they don't care. >> talking milliseconds but it can add up to a few cents here and there over time. >> which sort of makes -- begs for comparisons about the kinds of spreads that marketmakers took 20, 30, 40 years ago. >> right. here's the -- let me give you the high frequency -- first, we provide -- i'm going to be one of then -- you don't know what you're talking about, always starts like that. if you did work, michael lewis, you would know it's not true. you haven't done any work. but if you did work, you would discover we provide a lot of liquidity. liquidity is good, if you look at old days there wasn't enough liquidity. we're the good guys. you're not an informed joker and it's ashame how stupid you are, but you'll sell a lot of beaks and when it's over, it will go back to
one of the great moments in interview steve kroft said, isn't that illegal?hael said, no, it's legal front running. how can that be? isn't it crazy? your government has blessed. your government thinks it's good. it's your government. it's government as good as you're going to get and they don't care. >> talking milliseconds but it can add up to a few cents here and there over time. >> which sort of makes -- begs for comparisons about the kinds of spreads that marketmakers took 20,...
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told sixty minutes steve kroft one of the guys at sixty minutes and ron suskind wrote about it as bookthe price of loyalty that the very first cabinet meeting he was in the first topic that came up or words to the effect of the first topic that came up was the iraq war here's here's paul o'neill's. the very beginning there was a conviction that saddam hussein was a bad person and that he needed to go he says that going after saddam hussein was topic eight ten days after the inauguration eight months before september eleventh . that is that you. experiences well it's my experience in terms of the research i've done since i left office my first inclination of the focus on iraq was when richard haass then ambassador richard haass director of policy planning at state which i was a staff member came into his office and said i just talked to condi we were in a war with iraq and all of us you know picked our jaws up off the table and waited for him to go further and fortunately for us he didn't but that was my first and it was a different this was summer of two thousand and one as i recall so
told sixty minutes steve kroft one of the guys at sixty minutes and ron suskind wrote about it as bookthe price of loyalty that the very first cabinet meeting he was in the first topic that came up or words to the effect of the first topic that came up was the iraq war here's here's paul o'neill's. the very beginning there was a conviction that saddam hussein was a bad person and that he needed to go he says that going after saddam hussein was topic eight ten days after the inauguration eight...