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Tuesday, September 23, 2008

Bernanke on Rationale Behind Government Intervention

Addressing the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke discusses the reasons behind the agency's actions concerning Fannie Mae and Freddie Mac as well as AIG. He also discusses the decision not to support Lehman Brothers. (Sept. 24)

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Roundtable on the Financial Crisis

At a roundtable discussion, co-sponsored by the Yale School of Management and The Wall Street Journal, business leaders address some of the concerns regarding the financial crisis. (Sept. 23)

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Leadership Lessons Found in Wall Street Crisis

A roundtable discussion, co-sponsored by the Yale School of Management and The Wall Street Journal, was held to discuss the financial sector crisis. Yale's Jeffrey Sonnenfeld shares some leadership lessons that can be gleaned. (Sept. 23)

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McCain, Palin & the media

Politico's media reporter, Michael Calderone, talks about the McCain campaign's relationship with the press during the 2008 election cycle.

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Google Sets Android Loose with G1 Phone

The first ever Google-branded phone was unveiled on Tuesday. But even though the phone doesn't seem to break new ground with its interface, its the open source platform that has developers excited. WSJ's Amol Sharma reports. (Sept. 23)

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A Tour of the New G1 Phone

Google and T-Mobile joined forces to build a new phone unveiled on Tuesday. The G1 phone stands alone as it features Google's Android mobile platform. Dave Winkler, product developer for T-Mobile gives us a tour. (Sept. 23)

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'Bailout Nation' Author Questions Current Bailout

Barry Ritholtz, the writer behind the popular economics blog "The Big Picture," discusses his soon-to-be-published book, "Bailout Nation." He tells WSJ's Christina Jeng the government might be too quick to come to the rescue and it might not even benefit the economy. (Sept. 23)

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McCain Shorts Himself

John Fund on McCain's surprising pick to lead the SEC. (Sept. 23)

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Cost Cuts, New Drugs May Help Novartis

Barron's Johanna Bennett discusses Novartis, one Europe's largest drug makers and what the company will be doing to improve its current situation. (Sept. 23)

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Bail Out My Heart

The extended, live concert, bonus track, sing-along version done by the man himself... James Kotecki!

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The Greening of Newark - Transforming a City

http://www.americanprogress.org/issues/2008/09/green_recovery.html Newark Mayor Cory Booker, along with partners including the Center for American Progress, made a commitment to the Clinton Global Initiative to begin the greening of Newark in order to stimulate the local economy, create good jobs and improve the environment. Nationwide, the signs are clear: Our economy is in trouble. Falling home prices, foreclosures, bank failures, a weaker dollar, rising prices for gas, food, and steel, and layoffs in banking, construction, and manufacturing sectors are all indicators of serious economic strain�following a long period in which the middle class went nowhere even while the economy grew as a whole. What's more, evidence suggests the current downturn will continue for at least another year. At the same time, we face a growing climate crisis that will require us to rapidly invest in new energy infrastructure, cleaner sources of power, and more efficient use of electricity and fuels in order to cut global warming pollution. There is much work to be done in building smart solutions at a scale and speed that is bold enough to meet this gathering challenge. It is time for a new vision for the economic revitalization of the nation and a restoration of American leadership in the world. We must seize this precious opportunity to mobilize the country and the international community toward a brighter, more prosperous future. At the heart of this opportunity is clean energy, remaking the vast energy systems that power the nation and the world. We must fundamentally change the way we produce and consume energy and dramatically reduce our dependence on oil. The economic opportunities provided by such a transformation are vast, not to mention the national security benefits of reducing oil dependence and the pressing need to fight global warming. The time for action is now.

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Debating Paulson's Plan

Mean Street columnist Evan Newmark spurs a debate when he says Treasury Secretary Hank Paulson should get what he needs to resolve the crisis, while Deals Editor Dennis Berman wonders if Paulson has too much power. (Sept. 23)

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Options for Older Workers

Some older Americans want to give back to society but need some pocket change to cover their costs, while others need a temporary cash cushion as they look to change careers. Either way, there are some options out there. (Sept. 23)

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An Economic Bailout Done Right -Center for American Progress

http://www.americanprogress.org/issues/2008/09/fair_effective_graphic.html http://www.americanprogress.org/issues/2008/09/handle_with_care.html U.S. Treasury Secretary Henry Paulson's initial proposal for the giant Wall Street bailout would have given him, as secretary of the Treasury, the personal authority to spend $700 billion of taxpayers' money to buy troubled financial assets on any terms he saw fit. He would then be authorized to sell these assets, also without limitation. Under his proposal, his actions are explicitly exempted from review by any court or administrative body. Congress appears to be moving Paulson off these extreme terms, but any final deal should rest meaningful control, true decision-making authority, not in one person and certainly not with the secretary of the Treasury of an administration that, in large part, authored this crisis. Paulson along with the rest of the Bush economic policy apparatus�and in fact all of those who are ideologically resistant to a role for government in the economy�are deeply implicated in the mess we're in. Whether we call it incompetence, gross negligence or ideology run amok, no action was taken as the economy, and the financial sector in particular, grew more and more dependent on a mass of untenable loans in over-valued assets. Since that bubble began to burst they have dragged their feet in taking the kind of comprehensive action that's been needed�resisting congressional attempts to fix the housing market and calls by the Center for American Progress, among others, to jump in to stop the bleeding before it ever reached this stage. More aggressive action has been needed for months to preserve the value of homes for the benefit of homeowners, to protect the value which underlies the mortgage-related assets in the hands of investors, and to prevent the loss of so much value in our overall economy.

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Accountable



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Mary Landrieu- Corrupt Liberal


CBS News recently reported that Mary Landrieu placed an earmark in legislation for a specific company to provide a program for the Washington, D.C. school system. Landrieu has received about $80,000 in campaign contributions from employees and lobbyists of the company that received the $2 million earmark. And, a Washington watchdog group accused Mary Landrieu of taking a bribe.

More at www.TrueLandrieuStory.com.

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Cost of Life -- Stolen Dreams DWF Film Competition


http://www.stolendreams.com - Divided We Fail and UCLA present the Stolen Dreams Short Film Competition, featuring the short documentary The Cost of Life. The Stolen Dreams short films focus on health care issues and financial security. Directed by Alex O'Flinn and Mikiko Sasaki, The Cost of Life is a short documentary on Lisa, a thyroid cancer sufferer. Because of her pre-existing condition, she has slipped through the cracks of the American health care system. This short film contest is presented by Divided We Fail (http://www.dividedwefail.org) and the UCLA School of Theater, Television and Film (TFT) (http://www.tft.ucla.edu)

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The Cure -- Stolen Dreams Short Film Competition


Located on http://www.stolendreams.com, The Cure is about a single mother's struggle after a freak accident puts her son in the hospital. Unfortunately, he has no health care coverage, and the mother gets trapped in a medical insurance nightmare. This film was directed by Anthony Onah for the Stolen Dreams Short Film Competition, presented by Divided We Fail (http://www.dividedwefail.org)

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Deconstruction Zone - McCain Conference Call - Sept. 22

Jonathan Martin and Charles Mahtesian talk about the McCain Campaign's conference call earlier in the day.

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Test Driving the Honda Civic GX

The Honda Civic GX is much like its sister the LX, except that it runs on compressed natural gas. As WSJ Senior Editor Joe White explains the benefits of the GX lie in cheaper fuel and the ability to refuel at home. The downside: a pricier MSRP. (Sept. 22)

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John McCain Reaches Out

WSJ's James Taranto talks with John Fund about John McCain proposing to make Andrew Cuomo the Chairman of the Securities and Exchange Commission under his prospective administration. (Sept. 23)

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Brief Reprieve for Oil Pricing

Barron's Clare McKeen says that lower oil prices might give the economy a boost. (Sept. 23)

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Bailout- Paulson Responds to Lawmakers' Concerns

U.S. Treasury Secretary Henry Paulson addresses lawmakers, commenting on their concerns about the proposed bailout plan. He discusses CEO compensation and Fannie Mae and Freddie Mac. Video courtesy of Fox News. (Sept. 23)

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DCCC ad -- Connecticut 4th

Ad alleges Chris Shays has lost touch.

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KoteckiTV- 09/23/08

The free market blew it, the New York Times is a partisan rag, and an Obama attack ad was terrible.

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KoteckiTV- 09/23/08

The free market blew it, the New York Times is a partisan rag, and an Obama attack ad was terrible.

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KoteckiTV- 09/23/08

The free market blew it, the New York Times is a partisan rag, and an Obama attack ad was terrible.

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The Last 10 Years starring Boulder Liberal Mark Udall


Boulder Liberal Mark Udall tells us "you know I will stand up for you, as I have these last 10 years, in the United States Senate."

Over the last 10 years, Udall broken his promise to Coloradans to vote to keep Congress in session until an energy bill was passed -- going to a fundraiser, instead; that missed vote was directly responsible for Udall and Congress going on a five-week vacation, rather than staying at work and addressing rising gas prices. In addition, Mark Udall has repeatedly voted for higher taxes and fees on Colorado families. Udall also voted against increased domestic oil and gas exploration and drilling nineteen different times. And, Udall voted against funding for troops in Afghanistan and Iraq.

More at www.BoulderLiberalMarkUdall.com.

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Fun With Real Audio


Ronnie Musgrove took $95,000 in campaign contributions from political action committees and people involved with the Mississippi Beef Processors plant, which ultimately failed and cost taxpayers more than $55 million.

More at www.MusgroveFacts.com.

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Bailout Hearing- Fed. Chairman Bernanke, Opening Statement

Fed Chairman Ben Bernanke gives his opening statement to the Senate Banking, Housing and Urban Affairs Committee during a hearing on a $700 billion financial bailout proposal.

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Bailout Hearing- Treasury Sec. Paulson, Opening Statement

Treasury Sec. Henry Paulson gives his opening statement to the Senate Banking, Housing and Urban Affairs Committee during a hearing on a $700 billion financial bailout proposal.

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Bush to U.N.- Terrorism Still a Threat

Addressing the United Nations General Assembly, President Bush says terrorism is still a threat. He adds that although it is "comforting" to assume otherwise, it is wrong. Video courtesy of Fox News. (Sept. 23)

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Playback 9/23/09

Clinton on Letterman

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Playback 9/22/08

News ads

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Playback 9/22/08

News ads

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Mahmoud Ahmadinejad's U.N. Appearance Protested

A group protests the presence of Mahmoud Ahmadinejad, who will be addressing the U.N.'s General Assembly in New York. Video courtesy of Fox News. (Sept. 23)

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Bailout- Housing Market Underlying Problem

WSJ's David Gaffen tells Kelsey Hubbard that until the housing market corrects itself, a government bailout plan might not provide the relief Wall Street needs. He adds it might be a while before we see that correction. (Sept. 23)

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U.S. Market Outlook

London Bureau Chief Steve Goldstein looks at the day ahead. (Sept. 23)

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Shoulder


Mark Udall says folks in Washington "quit all the partisan bickering," but Udall is part of the problem in Washington. Mark Udall opposed drilling for years, leaving America dependent on foreign oil as gas prices soar. Now Udall has voted for a drilling plan the press calls a 'sham,' and even democrats won't see the light of day.

More at www.BoulderLiberalMarkUdall.com.

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Fence


Liberal Mary Landrieu supported amnesty for illegal immigrants -- a plan that could have cost taxpayers $126 billion and and require some immigrants to be paid more than Americans for doing the same job. Landrieu also voted to allow immigrants to collect social security benefits for work done illegally.

More at www.TrueLandrieuStory.com.

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Trees


Jeff Merkley loves to raise taxes. While in the Oregon legislature, Jeff Merkley voted to increase the gas tax 4 times. Merkley also supported all kinds of job killing tax hikes. Merkley voted for higher personal income taxes, higher taxes on businesses and higher property taxes. He even voted against the 'kicker' tax refund.

More at www.MustTaxMerkley.com.

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Mum



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Vets for Freedom is Profiled on the Mun2 Show



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Eamon Javers on the bailout plan

Politico's Eamon Javers on the bailout plan

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Economic crisis makes an impact on K Street

Chris Frates talks about the lobbying side of the economic crisis and the crumbling of seven of the major financial institutions, and what that means for K Street.

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Roger Simon previews the first presidential debate

Roger Simon dissects what the debates really are... a piece of stage-craft. He also looks at the challenges facing both candidates.

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Pakistan Remains Under Threat

U.S. investigators are in Pakistan probing a deadly hotel bombing as more bomb threats close schools in the nation's capital, Islamabad, reports Elizabeth Palmer.

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Celebrity Plane Crash Video

Caught On Tape: The aftermath of the tragic Learjet crash that killed four people and severely burned two celebrities, Travis Barker and Adam Goldstein, in South Carolina was caught on tape.

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HealthWatch

Anti-depressants and steroids have been used for years to ease the side effects of breast cancer treatment, but doctors are now looking at the possibilities of acupuncture. Drew Levinson reports.

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Eye To Eye- Joe Biden

Only On The Web: In a CBS exclusive interview, Sen. Joe Biden talks with Katie Couric about his thoughts on unfair campaign ads and Sarah Palin.

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The Penny's Makeover

Marking Abraham Lincoln's bicentennial, the U.S. Mint has decided to makeover the penny to commemorate his life and achievements. Katie Couric has more.

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Candidates Want 'Oversight'

Presidential candidates Barack Obama and John McCain criticized the Feds' bailout plan for lacking oversight. The candidates also called for help on Main Street. Chip Reid reports.

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Wall Street Remains Edgy

The Feds' proposed bailout plan has not calmed Wall Street as stocks teeter and investors wait to see the fine print of Washington's plan. Anthony Mason reports.

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U.S. Causalities In Pakistan

In spite of previous attacks at the Marriot in Islamabad, the hotel remained popular with U.S. military, top Pakistani officials, and foreign aid workers. Elizabeth Palmer reports.

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Dems Demand Bailout Reform

Democrats want to see three major reforms of the Feds' $700 billion bailout plan including a limit on executive compensation, mortgage relief and an emergency oversight board. Bob Orr reports.

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Bad Milk Kills In China

Four children have died from ingesting toxic milk powder made in China. Thousands more are in hospitals with kidney damage that could be fatal. Barry Petersen reports.

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CBS Exclusive- Joe Biden

Joe Biden is known for not holding back and, in an exclusive interview with Katie Couric, he talks candidly about the upcoming debate and the attack ad against McCain he thought was "terrible."

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Bernanke, Paulson Push Congress

Top economic policymakers are pushing Congress to speedily pass a $700 billion bailout bill. While everyone agrees it's time for action, some say the plan was created in haste. Susan Roberts reports.

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Marriot Bombing Aftermath

Until recently many Pakistanis were ambivalent about the idea of a "War on Terror," but after the Marriot Hotel bombing the threat of violence has become all too real. Elizabeth Palmer reports.

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George Bush on the big screen

Oliver Stone's much-anticipated biopic, "W," will be released on October 17 in the US. Three weeks before the election, the American Filmmaker reflects on the production.

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Tips To Keep Savings Safe

In these times of economic uncertainty, where are your investments truly safe? Maggie Rodriguez gets expert financial advice from three gurus.

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Midnight Clear Live!

The Atlanta, Ga. band that won "The Early Show's" Living Room Live contest has released their first single online. They talk to Harry Smith and perform.

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Revamping Your Home Office

If you work from home, you know it can be tough to keep your workspace free of household clutter. But redecorating your office may be easier than you think.

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Wii Game For Kid Creators

THQ is charity promoting arts education. They've produced a new video game called "de Blob" designed by Dutch students that shuns violence. "The Early Show paints a pumpkin to help their cause. 70 CBS

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Heart Attacks In The Young

Certain common symptoms among women may lead to heart disease, esp. if factors like diabetes are present. Maggie Rodriguez talks to a 32-yr.-old heart surgery patient and a cardiologist.

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Kiera Knightley, The Duchess

Kiera Knightley has starred in some of the biggest blockbuster period pieces in recent memory. She talks with Harry Smith about her new role as "The Duchess."

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Bono Backs African Aid Plan

Irish rock stars Bono and Bob Geldof teamed up with EU Commission President Jose Manuel Barroso to present a new plan to give $1.5 billion in aid to African farmers, helping buy fertilizer and seeds.

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Finland Shooting Shocks Country

Ten people are dead after a gunman went on a rampage at a school in Finland before turning the gun on himself. The school shooting was the second in Finland in less than a year. Charlie D'Agata reports.

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Ten killed and the gunman in Finnish school shooting

A young trainee chef went on a shooting rampage at a Finnish vocational school on Tuesday, mowing down at least 10 people before turning a weapon fatally on himself, police said.

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RAW FOOTAGE- Egypt kidnap tourists located in Sudan

Nineteen tourists and Egyptians kidnapped in the Sahara desert have been located in good health in Sudan. Egyptian tourist officials stress that the country is still safe for visitors.

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Berlin museum retraces Nazi art looting

Sixty years after the end of the war, looting and restitution of Jewish cultural artifacts is still a topic of controversy. An exhibition in Berlin's Jewish museum tells the story of looting carried out by the Nazis throughout Europe and what happened to the spoils.

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Want To Save? Don't Eat Out

Consumer correspondent Susan Koeppen challenged one family addicted to eating out to try eating at home for a week. Not only did they save money, they lost weight.

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Harry Smith Hits The Links

This summer, Harry Smith set out on a personal quest to break 100 for the first time. Did he do it?

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Poppy Montgomery Does It Early

Without A Trace star Poppy Montgomery talks with Maggie Rodriguez about maternity, motherhood, and the 7th season of her hit CBS show.

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Teens Abandoned Under Neb. Law

Parents are using Nebraska's safe haven law to abandon their teenage children, raising serious questions about a law that's applied to babies. Hattie Kauffman reports.

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Market Shaky Over Bailout Plan

The Bush administration says it needs $700 billion to fix the crisis on Wall Street but some in Congress want to slam on the brakes. How will it cost you? Jeff Glor reports.

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MoneyWatch

Alexis Christoforous reports stocks plunged over bank bailout concerns; investors bought oil commodities giving crude its biggest one day jump ever; and Circuit City's CEO steps down.

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Bush, Palin At The U.N.

The U.S. economic crisis has overshadowed President Bush's final visit to the U.N. Also, GOP vice presidential nominee, Gov. Sarah Palin, will meet with world leaders, reports Bill Plante.

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Uganda civil war orphan turns successful entrepreneur

In northern Uganda civil war between the Government and the rebel Lords Resistance Army has killed tens of thousands of people. At the peak of hostilities 1.6 million people were displaced into squalid camps throughtout the North.

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Robbery Caught On Tape

Caught on Tape: A robbery was caught on tape as thieves broke into a Highland, Calif. store but, according to police, it didn't end quite the way the crooks had hoped. KCAL's Greg Mills has more.

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Hillary Uneasy On Bank Bailout

Sen. Hillary Clinton, D-N.Y., explains to Harry Smith why Congress needs to rein in the Bush administration on the economic bailout so taxpayers themselves will see the benefit.

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RAW FOOTAGE- Israel's Livni asked to form new government

Israeli President Shimon Peres has asked Foreign Minister Tzipi Livni on Monday to form a new government, after scandal-plagued Prime Minister Ehud Olmert officially stepped down.

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Israel fears growing trend after new Jerusalem incident

Israeli media on Tuesday raised fears of a growing trend of attacks by Palestinians from east Jerusalem after a man rammed his car into a group of soldiers, injuring 13 people before being shot dead.

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RAW FOOTAGE- Body of Czech ambassador to Pakistan returns home

The body of Czech ambassador to Pakistan Ivo Zdarek, who was killed in the suicide bomb attack on Islamabad's Marriott hotel, has arrived in Prague. Before the coffin departed Pakistan, a brief ceremony paying homage to the 47-year-old father of two was held.

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Race Rundown- Obama's continued problem

The latest Associated Press-Yahoo poll suggests that Barack Obama has made no gains with Hillary Clinton backers since the New York senator dropped out of the race in June. The AP's Julie Pace breaks down the poll numbers. (Sept. 23)

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AP Rough Cuts- Palin meets Karzai

Cameras and reporters were allowed a brief glimpse of Republican vice-presidential Sarah Palin's meeting with Afghan President Hamad Karzai, her first meeting with a foreign head of state. (Sept. 23)

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Notebook- Paulson

Katie Couric takes a look at Treasury Secretary Paulson's $700 billion bailout plan. The plan would give Paulson the power to decide what debts to buy.

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Ahmadinejad Slams Iraq War

CBS News RAW: Speaking before world leaders at the United Nations, Iranian President Mahmoud Ahmadinejad condemned the American military presence in Iraq, referring to U.S. forces as "occupiers."

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