as we take a break, but when we come back, we'll be in zurich. ubs reported to be nearing a settlement with both british and american authorities over the manipulation of lie werblibor. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> ubs is reporting they're near a settlement over allegations some employees manipulated libor rates. carolyn has more details for us in zurich. how will this pan out, carolyn? >> well, this is all based on reports in the "new york times" that came out overnight, ross. and the most interesting piece of information in that report at least i think is the fact that the fine for ubs in connection with the libor investigation could be higher than that that was given to barclays in the summer. remember, barclays paid $450 million to settle that libor probe. and at the time that was a record fine. so now the new york te

without my garfield id, i left havana in 1981 and went to zurich, switzerland, thanks to james joyce. my dancing there became walking through the silence of the city. instead of people looking at me like my family did when i was a child, people began to ask me, where are you from? i felt disoriented, exiled. the changing perception of nature, religious views, philosophical and political opinions, botanical knowledge and idiomatic sounds, everything new. i asked myself many times for a specific reason why my irish family went to cuba and began searching for missing pieces of my irish history in irish, cuban, and catalan archives to discover before me that i had a fascinating history of displacement and transformations in various geographic setings. my book, ticket it ride, is a personal journey towards the past and the present. there is no one but many places i belong to: havana, dublin, mahon, barcelona, and since the lay 80's, the bay area. so thank you very much. . >> i'm going to do this in about 5 parts. i hope you will bear with me. first of all, i want to thank cross roads for i

a desktop in zurich... and a telepresence room in brazil.he secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. [ female announcer ] with cisco at the center, if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> we have been telling you about these two unlikely but powerful men who have teamed up to fight for same sex marriage in california. they say it is not a matter of being republican or democrat, and same sex marriage is simply an issue of civil rights. cnn's gloria bor

carolyn is in zurich. not often you hear regulators saying new rules would be too stringent, but here we go. so why? >> yeah, you have to ask why would the swiss cabinet rule against this motion whiches for terse more transparency. this is also in part a law which would force trading houses to declare the payments that they make to the resource rich countries. so why would they veto against it? you have to understand, and i'm not trying to justify anything here, the commodity trading business is a huge contributor to tax revenues here. 20 billion swiss francs is year is what we're talking about. takes very secretive have i. you have big trading houses and they want low taxes and political stability and i'm sure there's a huge lobby really lobbying for this law not to be passed. but really this is at odds with other legislation which is now being pushed forth bri the u.s. and eu in terms of anti-drupgs and anti-bribery. so a big blow to the regulators. >> interesting, karl lycarolyn. thanks for that. daniel

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hundreds of may day protesters and onlookers fill a downtown street in zurich switzerland. they barely notice the white bmw that pulls out from a parking space. the car moves slowly toward the crowd. without warning, the driver steps on the gas. hitting four people. one person is catapulted over the car. the front tire almost runs over a man's head. another is saved by inches. an 18-year-old wedged under the front bumper isn't as lucky. he's dragged an agonizing 250 feet before finally rolling free from under the rear bumper. he survives a fractured spine and serious burns over 20% of his body. questions about what caused the driver's horrifying actions make national headlines. the 30-year-old suspect says he panicked and had no criminal intent, but is convicted of attempted murder and sentenced to seven years in prison. out on bail during an appeal he is arrested for drunk driving three years later. on may day 2011. and sent back to prison. >>> thousands of miles away bystanders are threatened by another out-of-control vehicle. may 30 2012. 1:30 in little canada minnesota.

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loots the latest from lake zurich, here on the northwest suburbs of chicago. back to you. >> all right. thanks. will the state department change their ways? leaders programs congress they will, after a scathing report revealing, quote, systemic failuresats the department. the report also found inadequate security is partially responsible for the death of four americans murder -- murdered out our benghazi consulate. congressman, you were in on the hearings, did you get any answers to any of your questions? >> no! it's terribly frustrating. this report essentially blames everybody. consequently, it holds nobody accountsable. it is so frustrating to hear two gentlemen come before congress in the senate and the house and essentially not provide any details. when they were asked, poigned questions by members of the foreign relations committee, they basically pleaded ignorance. we don't know, we have no answers. and the problem here is we have four dead americans, we have thousands of americans who are going to be away from their families during this holiday season.

a desktop in zurich... and a telepresence room in brazil. secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. [ female announcer ] with cisco at the center, why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a p

a desktop in zurich... and a telepresence room in brazil. secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. >>> the speaker's proposal right now is still out of balance. he talked for example about $800 billion worth of revenues but he says he's going to do that by lowering rates, and when you look at the math, it doesn't work. >> president obama telling bloomberg tv the republicans' math just doesn't work. of course, the gop is delivering the same message about the white house plan. today, a bipartisan group of governors went to the white house and capitol hill, urging both sides to make a deal. two of those governors join me now. governor gary herbert of utah and jack markell of delaware, chair of the national governors association. welcome to you both. interesting day

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a desktop in zurich... and a telepresence room in brazil.he secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating [ female announcer ] with cisco at the center, working together has never worked so well. >>> back now with my special guests, grover norquist and robert reish. you've had a couple minutes to think about it. while i feel the republicans intransigence over income tax is flawed, i also feel the democrats have been quite arrogant in their dealings with republicans. they're not giving enough in the cutting of spending to really get a deal through here. perhaps if they were a little bit more giving, then the republicans may finally surrender the grover norquist reins on no increase in income tax. >> you may be right. the president has already submitted a bunch of pieces of legislation not only before the election but after the election cutting the growth of

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a desktop in zurich... and a telepresence room in brazil.d helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue. we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very influential though he's hiding from t

mckee told us about her recent experience at a conference in zurich where they were various folks who criticized the work. we talked to some of those people including some of the nfl doctors who were there. one nfl member, their brain committee said, you know, relating these cases, creating a causal link based on these case studies to football is akin to saying basically all the ankle injuries suffered by football players wearing nike shoes were because of the shoes. the argument there is that -- and as dr. mckee has acknowledged -- the data they're working from is skewed because it's based on a series of brains from athletes and players who were showing signs before death in large cases of having meantal issues. so the question that everybody is trying to figure out is what is the actual incidence of this disease in looking at brains that were healthy versus players who actually were exposed to football? >> let me ask you, dr. mckee, to comment on that. how definitive is this? what else do you need to look at and know especially things like how to treat people? >> this study is defin

a desktop in zurich... and a telepresence room in brazil.cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. >>> welcome back. let's check in with anderson cooper with a look at what's ahead on "anderson 360." >> a live picture on capitol hill. and here's what's happening now. nothing. at least on the most important issue facing the country, the fiscal cliff. there has been zero progress on a deal, no behind the scenes negotiating. no staff level talks, even. nothing. former senate majority leader george mitchell has ideas on how to get a deal. we'll also speak to a political panel, eric erickson and rich gaylen and what it will take to stop the suffering in syria. we show heart breaking pictures of these like a family fleeing for 21 months now. we know it's hard to watch. we thi

lower-level so far and i am speaking, forget me getting on my 14 and other bandwagon, and i came back from zurich where we have been on the organizing committee, and the big thing four years ago was for youth football 18 and under, no going back into contests the same day. that was a mandate coming out of the conference. nothing happened. 2009, nothing. 2010 national football league implemented at and within months the lockstep, the national federation of high school football, the national football league has been driving the save the business and it seems to me we need to have a little -- is great we are doing that but the youth league needs to step in a bigger way than they have in the past. i am delighted to see what they have done recently and applauded. >> a transcript of today's proceedings if you want to call it that will be available later in the day, i will look at them and send them to folks that are interested and i am sorry we were not able to figure out the video clip earlier but we will show it, you are welcome to set -- stick around, it is about ten minutes for the head games panel

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this isn't a big boat or a house out in zurich you are handing down to your family heirs, this is a small you imagine small businesses being taxed out of their business because of the estate tax and nobody gets to keep it in the family going forward? >> no, i can't imagine that. scott, you express it very well. thanks very much indeed. kirsten powers has been migrating to the very center of the political spectrum. where do you stand on 2 million dollars exclusion and 45% rate on the death tax? >> where would you like me to stand? stuart: in the realm of reality, can you do that? >> i think look, a lot of democrats actually are opposed to any kind of -- stuart: why are you looking at -- >> why are you looking at me so skeptical? we do have to come up with money somewhere, and i know that conservatives argue often that the revenue raising doesn't -- it's minuscule. we do have to do some revenue raising and cuts. i think economists would say we've got to do both revenue raising and cuts. i think because of that, you probably are going to have to have the estate tax -- stuart: are call -- are

fed chief wants to talk about zurich. exuberance, irrational. think this this a one for one, because you just should be in pfizer and out of treasures. one's got a better balance sheet than the other. it happens to be pfizer. [ bell ringing ] >> bell ringinging on wall street. [ inaudible ] solarcity celebrating its ipo today. we will speak with them in a few momentses that. deblind one day. raising much less capital that had been previously expected but the low down straight from the top management team in just a few moments, as we await that stock. >> talking about energy being keeper in our country there is a move to make it is our country is the lowest cost energy producer. solar come down so much in price. this is another bull market a bull market in cheap energy. >> still need the government's help to make that happen. >> can't be reliant. >> i don't necessarily think a bad thing. >> you want to pick industry winners but just saying constantly, hear about things going down. >> why costs have come down. >> i do know what did my kids want to

i was in zurich this summer. i don't remember all of that. but it's how people feel.eel good about where they are living. but you go to switzerland, people at least have a smile on their face. they may have too much government, they may have a lot of problems but they feel better because the government whatever it is -- there is confidence that is put into that place. you wake up in the morning and turn on the news. is there any confidence anything will get done in washington, d.c.? you have a testosterone class in washington, d.c. and nothing is happening and the rest of us in america are suffering because nothing is going on. >> in switzerland they say the folks 10 to be happier. it depend on what your choices are. i don't know how happy the people would be if our cities were full of the sex boxes. whatever that is. >> your thoughts on that? >> we just found out the 3.8% surtax will be on our investments and houses. we are not used to government being this intrusive into our lives. one of the reasons we are not happy in america is because finally we are seeing this

a desktop in zurich... and a telepresence room in brazil.get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> it's 24 minutes past the hour. stock futures are down slightly this morning after closing higher yesterday. gains were limited because of fiscal cliff concerns with no major progress out of washington. >> we're going to get the november jobs report at 8:30 a.m. eastern this morning. a survey forecasts 8% unemployment. that wo

a desktop in zurich... and a telepresence room in brazil.umbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, >>> that's it for me. thanks for being with me this afternoon. i'm going to pass over the baton to my pal brooke baldwin who is doing an excellent job in atlanta. brooke?

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