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ards credit card, earn more cash back for the things you buy most. 1% cash back everywhere, every time. 2% cash back on groceries. 3% back on gas. automatically. no hoops to jump through. it's as easy as one. -two. -three. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. before we leave you this morning, we want to give a quick shout out to our own erin burnett. business stars to watch. erin came in at number 33. this is her third year on the list. "fortune" magazine owned by cnn's parent company, time warner. mark zumerberi zuckerberg has a before he is out of the under 40 category. >> kyra, you are number one on
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our list. >> you tie for number one on my list. how about poppy harlow with kiss. that's our era! it's the top of the hour. 9:00 on the east coast and after 42 years, libyans awaken this morning to a new beginning free of a murderous tyrant. an ambassador for libya's transitional government says the death of gadhafi means a black era has come to an end forever and across the country, libyans celebrate under to the morni in hours firing off guns and blasting off car horns. dna tests confirm the corpse was, indeed, gadhafi and the international criminal court is allowing his burial in an unmarked grave. tomorrow libya's liberation will be formally declared and the transition to democracy and a new government will officially begin. cnn crews are in place around the world for all of you from the pentagon to tripoli from abu dhabi to london. we are tracking every single
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development surrounding the death of moammar gadhafi. let's begin with ivan watson. two major challenges here. rebuild from war while reinventing itself as a democracy. what is the first step for the transitional government? >> they say they're going to be celebrating what they call liberation day on sunday. now, for the first time, libya is waking up without moammar gadhafi, as you said, in nearly 42 years. one of the officials from the transitional national council says over the course of the next month a new prime minister should be appointed and he should be choosing some sort of a new interim cabinet, as well. meanwhile, we just went to a mosque. friday is the muslim holy day of the week. people gave prayers of thanks at that mosque and welcomed the death of moammar gadhafi. the one man we talked to, as muslims, we wish he wasn't killed that way.
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violently. perhaps he went to court or to trial. in another part of town, people preparing to sacrifice to kill a camel as a celebration here. that's a traditional mode of celebration here. but, some libyans that i've talked to have mixed feelings about the death of the man who ruled them for more than 40 years. one man telling me, i feel ashamed that our former leader died this violently. he told me that his mother was crying last night. we do have to remember that some people feel that this man was a symbol of the country, despite other people who called him a tyrant. kyra sph. >> ivan, what more do we know agout gadhafi's funeral and burial? >> well, the officials from the transitional council here say they will he will be buried and that will be delayed some time because they want to get forensic reports to the international criminal court of his autopsy. and they want to leave open the possibility that the icc could
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come and do their own autopsy to see how, in fact, he died. they say they do not want a formal funeral. they want to bury his body in some nondescript, anonymous location. kyra? >> ivan watson there live from tripoli this morning. ivan, thanks. now the military mission in libya. scheduled to meet today and with gadhafi's death, the end of the mission is likely in sight. chris lawrence is at the pentagon. what are the details of the airstrikes that actually led to gadhafi's death? >> the gadhafi loyalists were boxed in to a particular area in the city of sirte in between the rebels on the ground and a drone doing surveillance from the air. they had been monitoring this group for some time. at about 8:30 in the morning, a large convoy, 75 vehicles made a break for it. nato says it was traveling at a high rate of speed, the convoy was heavily armed. they engaged in american
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predator drone and a french fighter jet hitting one vehicle in the convoy disabling it. that disrupted the convoy. some people got out and ran away on foot. about 20 vehicles kept going at a high rate of speed and that's when the drone and fighter jet came back around and disabled another ten of those vehicles. here's the point where the story starts to diverge and we have to warn you, some of the video and the images with moammar gadhafi's last moments is extremely graphic. but, apparently, he was found in a drainage pipe and forces that were loyal to him engaged the rebels in a fightfight. now, the official word from the ntc, from the rebel group says that he was killed in the crossfire of a firefight, but the images show a still alive but wounded gadhafi being man handled on the hood of a car or people around him, grabbing him, pulling him. so the official word from the ntc doesn't exactly jive with
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what we see with our eyes and some of the images in the video. kyra? >> all right, chris lawrence there from the pentagon and you're right, just seeing that video, again, pretty gruesome images. we'll talk more later in the morning. also, president obama says moammar gadhafi's death ends a long and painful chapter in libya, what about the next chapter. how do you make a peaceful transition after 42 years of dictat dictatorship. we'll talk with general jim jones in ten minutes. and gadhafi's death is now putting other arab leaders on notice. in fact, thousands of protesters are marching in yemen taunting the embattled president that he's next. mohammed jamjoom is there. >> well, kyra, according to the activists and opposition figures i have been speaking with last night and tonight, it has reinjured the anti-government
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movement there in a very big way. there were demonstrations last night and today we're told tens of thousands of anti-government demonstrators also that they have been carrying the libyan revolutionary flag and that they are singing songs saying, gadhafi, where are you? saadi, you are next. saleh will not sleep after seeing what happened to gadhafi. he knows gadhafi was more powerful to him and still fell. no will is stronger than that of the people. look what happened to the other arab dictators. this era is the era of the people. we will not accept being ruled by families who want to take our wealth. it's not just yemen where this is happening. we have gotten reports today that in syria there are tens of thousands of demonstrators in multiple cities there according to activists in syria. they are overjoyed at this victory for the libyan people and chants being heard in
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several cities taunting syrian leader saying look what happened to gadhafi. kyra? >> mohammed, we'll talk more about syria in just a second. first, death of a dictator, a tyrant, that's how gadhafi's demise is being described around the world this morning. cnn's zain verjee is following all the reaction from london. zain? >> kyra, let's look at what gulf news is saying. this is the headline that reads, "he refused to see the writing on the wall." gadhafi's violent end in sirte was inevitable. a man of such pride and self-belief would never be taken alive. the war is oall but over. gadhafi is gone. . "the globe and mail" moammar gadhafi's death adds welcome momentum to the arab revolution. if the country's interim rulers can stick to their plan to hold
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elections within eight months, it might take less time to get there than either libya's revolutionary peers." tyrant's death brings new hope. it says the man who had inflicted so much pain and suffering on his people for four decades lay dead on a street in s sirte. few can regret his death. few libyans wish he could be brought to justice and many analysts that i have spoken to today, kyra, say the real challenge now is how the ntc will provide basic services to the people. actually can run the country. libya doesn't have any significant institutions of state and governments like the governments like the judiciary, for example, in order to be able to run it effectively and also, crucially, a very serious split many say between the liberal side of the ntc and the islamist side. and that could pose a danger for the future, if it's unable to be
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a real reconciliation within the country and within the ntc. >> zain verjee in london, thanks so much. now, let's talk politics. back here in the united states, shall we? you heard about herman cain's 9-9-9 tax reform and he is unveil agnew program to help small businesses. paul steinhauser joining us to talk about the opportunity zone plan. he definitely comes up with the catchy titles, doesn't he, paul? >> he sure does. the 9-9-9 tax plan turned the former godfather's ceo to a frontrunner just about. he surged in the polls. remember back earlier this week back in las vegas that 9-9-9 plan came under attack by the other republican candidates because of that proposed 9% sales tan. herman cain your plan would cost lower income americans more money. after the debate, myself and a bunch of the other reporters were questioning cain and he
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said come in a couple days and i'll give you more details and more on my economic plan. that's what he's doing today. michigan central station in detroit, he'll announce more of his economic plan. as you mentioned, kyra, these opportunity zones. help spur growth, specifically, he says, some of the most attractive features a zero capital gains tax and no payroll taxes. he says, these are factory installed as part of his 9-9-9 plan and he says it will benefit the whole country. about 90 minutes from now, stay tuned, we'll get more details from herman cain. kyra? >> paul, thanks. the senate has blocked votes on two jobs bills, one pushed by democrats and the other by republicans. the first a plan to hire more teachers in first responders would have been paid by taxing millionaires. republicans have rejected that idea. senators also blocked a gop-backed plan that would repeal a withholding for government contractors. your next political update in just an hour and a reminder for all the latest political news go to our website, cnnpolitics.com. what do you think is running
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through his mind right now? could asad be next? big mistake at a big bank. some wells fargo customers getting other people's bank statements. we'll go to new york to the stock exchange for more details, next.
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well, the arab spring took down a tyrant and now the death of moammar gadhafi is putting
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other arab leaders in yemen and syria on notice. listen to what the vice president told our candy crowley. he thinks the nato operation to take out libya's dictator is a model for future missions. >> when, in fact, there is a cause that the arab world could unite on it and the west wants to help and we don't have to, it may be, but we don't have to do it ourselves is the point. it is that the nato alliance worked like it was designed to do. burden sharing. >> well, formernato commander, national security adviser under obama general james jones joining me this morning with his perspective. he was also special envoy for middle east regional security. jim, i want to talk more about nato in just a moment. but, let's start with something as the that's happening right now in syria. we'll go ahead and roll the video of these demonstrations. not long after gadhafi was
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killed, they flaired flared up and people were chanting, it's your turn now, bashar. we can't confirm the authenticity of this video. is assad the next to fall and should he be concerned that nato will get involved there, as well? >> i can't predict the future but i'm certain that assad has watched what's going on in libya, as he has intunisia, egypt and other places. he's got to be very concerned about what might be coming to his own neighborhood. whether nato gets involved ever, that's another question. and for another, perhaps for another time. but syria is a pivotal country in the region, very strategic. it would be a huge blow to iran to lose an ally like assad and
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it would be transformational in terms of what happens to the entire region. what's happening over in that part of the world, i think, is the biggest thing that's happened since the disillusion of the soviet union. it's on that scale of importance. and who knows where it's going to stop. but i would be, if i were assad, i would be very concerned about what might happen next. >> you bring up an interesting point. with your military background, with nato to then working in the white house, did you see this coming? did you ever expect an arab spring like this and to be witnessing such historic takedowns and changes in the middle east? >> well, i know that in this administration and the previous administrations, particularly where president mubarak, former president mubarak was concerned in egypt, we pressed quite hard over a long period of time that
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the situation in the arab street, at least in this country was changing. i don't think anybody could have predicted the spark, but, i think that people knew that, ultimately, oppressive turanical regimes were not going to be the order of the day for the 21st century. and that the tremendous amount of knowledge and information that was being circulated on the internet showed people who were disadvantaged who felt disadvantaged that their future could be brighter, but not under the current regimes that they're living under. so, perhaps it could have been foreseen. i don't think anybody could have foreseen the exact timing. but i think our country spent a lot of time working with a number of leaders telling them that change is coming and you should do the things you need to do to get ready for it.
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unfortunately, those kinds of leaders don't listen. >> we're seeing what happens when they don't listen. >> exactly. >> jim, let me take you back to libya. there's so much concern now about civil war, a divided transitional council. as former national security adviser, how do you prevent another iraq and make sure that the transition of power works smoothly, i know that's a tough word to use in a situation like this. there's got to be concern about gadhafi loyalists. >> that's really the question of the moment, kyra. whether it's in libya, of course, that's the topic of the day and also don't forget egypt and don't forget tunisia and other countries and what's going on in yemen. you know, how this comes out now and how it plays out is extremely important. you can be sure that there are forces at work that want to make sure that democracy in any form doesn't, doesn't win out and, so, it's going to be extremely important that we and our friends and allies work together
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to make sure that security is maintained ordered and discipline in the streets and that people feel a sense of security and safety. second, that the economy gets revitalized as quickly as possible. libya is a potentially very rich country and i think that with their connections with europe and with our system, as well, that should be able to be done relatively quickly. finally, the movement towards a parliamentary or democratic reform, which is what causes more transparency reported by the people and more say in how they're being governed. that has to be watched very, very closely to make sure this uprising from the people supported by a great organization like nato, in fact, becomes reality.
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and that their hopes are realizreal i realiz realized. >> general jim jones weighing in from san francisco. you're always on the road, thank you so much for making time for me this morning, jim y really appreciate it. >> my pleasure, kyra. you bet. still lots of questions about the death of moammar gadhafi. we'll talk to the journalist who was in the thick of the action and see what is going on in gadhafi's hometown today. the fed up flight attendant who got instant celebrity by going rogue and using the plane's emergency exit gets his day in court. we'll tell you the sentence that steven slater got. ♪ i saw what my life could be... and found the strength to make it happen. ♪ i lost my leg serving my country. now i serve in a new uniform. [ male announcer ] helping people achieve without limits. at the hartford it's what we do... and why we're the founding partner of the u.s. paralympic team. show your support at facebook.com/thehartford.
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checking stories across country now. in new york, two men implicated
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have been indicted. arraignment for one of the accused is set for monday. a co-defendant remains at large. in los angeles the prosecution is expected to rest its case against dr. conrad murray later today. had murray is charged with involuntary manslaughter in the death of michael jackson. yesterday a prosecution witness testified that murray should have realized that jackson stopped breathing. steven slater who earned fame from his dramatic exit from an airplane was sentenced to a year of probation and must pay $10,000 to the airline for that emergency evacuation chute that he used during the incident. all right, alison kosik at the new york stock exchange following a big glitch at wells fargo. alis alison, we're hearing customers bank statements were mixed up. >> you're exactly right about that. a big oopsy for wells fargo because wells fargo said it sent out bank statements to the wrong
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people. more specifically, it says some september statements were mixed up with statements from other customers. the bank is not confusing news reports that thousands were affected, but only seems to be hitting accounts that were open in florida and south carolina. our jacksonville affiliate wjxt talked it one customer. >> my name, my whopping balance of $16.45. different transactions and i gained about $115,000 overnight. >> oh, can you imagine that? well, wells fargo is blaming a faulty printer for this big mess up. they have taken that printer out of commission, not using that printer any more. now, for customers who were affected. wells fargo offering a one-year free of identity theft protection and the company is also saying, kyra, that online banking statements are not affected in this mess. kyra? >> all right, opening bell just
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a few minutes away, what are you expecting today? >> it looks like we're going to be off to a stronger start in about five minutes. the dow futures are pointing up about 100 points and follows a rally happening overseas. european leaders are saying they will meet a few times over the next week. france and germany are saying a plan to resolve europe's debt crisis will be adopted by wednesday and also some talk happening that the u.s. fed is thinking about another stimulus to boost the housing market. a stimulus that could also boost stocks and that's why you're seeing stocks much higher right now. kyra? >> all right. alison, thanks. the death of moammar gadhafi means long overdue payback for people like brian flynn. >> it's too bad they couldn't kill him more than once. >> brian flynn lost his brother in the lockerbie bombing. maybe now he and the other families can get some peace. the arab spring claims another leader, but will he be the last?
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we'll take a look around the regi region. exclusive to the military. and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. from free checking to credit cards to loans, our commitment to the military, veterans, and their families is without equal. ♪ visit us online to learn what makes our bank so different. usaa. we know what it means to serve.
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checking top stories now.
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secretary of state hillary clinton is in pakistan urging leaders to go ord are harder after terror groups. and the senate has blocked votes on two jobs bills. both bills part of president obama's broad jobs package and today marks five weeks for the occupy wall street protests. people living in the area have had it with the demonstrators and the drumming. a local board will vote on limiting that to two hours a day. let's bring you up to date on the situation in libya today. a country beginning again after four decades of dictatorship. an ambassador says the death of gadhafi means a black era has come to an end forever. libya's transitional government says dna tests confirm the corpse was, indeed, gadhafi and the international criminal court will allow his burial in an unmarked grave. that's expected in just a few days. and tomorrow libya's liberation will be formally declared and the transition to
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democracy in a new government will officially begin. moammar gadhafi died where he was born in the coastal city of sirte. now, the scene yesterday was both violent and jubulent. ben farmer joins us on the line from sirte now. bring us up to date on what's going on. celebrations, any more fighting? >> the fighting has certainly finished in sirte. much more subdued than yesterday. there are traveling around the streets, the streets are totally in the control of the new government. driving around. there is still some firing and there is still the occasional explosion, but we understand that this is just fighters firing off rocket-propelled grenades either in fun or celebration. >> you know, ben, this all unfolded early yesterday morning when we were on the air and there have been so many
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questions to exactly what happened and how moammar gadhafi died. you were there. tell me what you saw and what you heard. >> he was captured after trying to make a break out of the city about 7:30, 8:00 in the morning local libyan time. it seems after two weeks of heavy bombardment, he decided it was worth a desperate gamble to try to leave the city. 15 about 20 cars left westward and they parked about two miles outside the city and then they were hit by a nato air strike. seems they might have given the rebels a slip, but still under nato surveillance. the airstrike caused absolute devastation. about 25 bodies. gadhafi then hid in a drain and that's where he was found. i've seen three pieces of film that show he was alive, he was talking, yet confused, and he
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was bloodied perhaps from a wound to the head or to the upper body, but he was definitely alive when he was taken. he was then driven towards misrata which is two and a half hours away and he didn't reach there away. somewhere along the way he died from a bullet wound to the head. he died of wounds sustained in the airstrike and perhaps caught in the crossfire. but also many people are hinting that he was just executed in cold blood. >> so, ben, when he was taken out of that drainage pipe, do you know exactly what he said? there are, obviously, a number of reports out there that he was begging for his life, he was begging for them not to shoot at him. do you know? >> yes. i've seen footage of him asking to be spared, asking not to be shot, but two people i spoke to who were there at the time say the thing that struck them most was that he was very confused.
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he was saying, what's happening? what's going on? what are you doing? he seems pathetic more than anything. weak and confused. >> ben farmer, first-hand perspective there from sirte, still there today. we'll talk with you still throughout the morning, as well. ben, thanks.gadhafi just the la. in the last three months we've seen three leaders toppled. civil uprising still going on as we speak. tim lister gives us more perspective. >> reporter: once untouchable, their rule ended in humiliation. mubarak in egypt and gadhafi in libya. now gone. but in a revolution as in a novel, the most difficult part to predict is the end-all are strangers to democracy. >> they are considerable risks.
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tremendous vulnerabilitievulner. political vulnerabilities and the most important vulnerability facing the arab revolt is institutional building. >> reporter: over the past ten months each eruption of popular protest has inspired and energized the rest. jordan, if only briefly and then yemen. king abdullah in jordan and mohammed in mu rocky have promised to surrender some of their power. but in syria, a long and violent struggle against protests that now look more militant and organized. today, syrian protesters will see in these images what is possible. as one syrian activist put it, the clear fate of all who clear his people, gadhafi ruled for four decades that may now burst into the open. >> the images that we have seen in sirte that have resisted the new government in libya are extremely alarming. we shall see whether out of this
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particular turmoil will emerge a unified government and a unified leadership or political or the political struggle basically will escalate and intensify. >> reporter: also played off competing sectarian interests. today the syrian analysts warn the terrorists get their way. victory is not always sweet. in egypt, the euphoria has given way to disappointment. struggle against a grim economic background. there in tunisia islamist parties have taken advantage of the new political space. in this weekend's elections to a constituent assembly in tunisia, the party is likely to emerge as the single largest force that says it's committed to democracy. the goth kingdoms have largely emerged unscathed, if unnerved. the saudis shout that people with money sent troops to back the people of bahrain and with
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egypt preoccupied more assertive across the arab world. in just a few months, so much has changed with new parties news channels and the liberating force of social media that the old arab world can't be reinvented. fear is gone. >> this is the power of the people being exercised in the streets of the arab world. and no one can claim credit for this. no party liberal or what have you. >> this year is to the arabs what 1989 was to the communist world. as we look at the communist world, most communism was never easy, but was good and people witnessed liberty. but the arabs are now coming into ownership of their own history and we have to celebrate this. >> for persian, iran which own protests two years ago, a mixed message. its main arab ally, assad under pressure, its old enemy, muba k
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mubarak, gone. >> we know how hard democracy is and they're going to need a lot of assistance, not in many, but in other ways and i think we should be eager to provide it. >> reporter: the arab spring is still a work in uneven progress. coming up next, we'll hear from a man whose brother died in the lockerbie bombing over scotland. he said, he wishes gadhafi could have been killed twice. and later, herman cain. what makes him such a character? we'll look for the answer in the republican candidate's own hometown. [ horn honks ] ♪ oh, those were the best of days ♪ ♪ i still feel the summer rays ♪ that graced our backs as we went down the lane ♪ [ horn honks ] [ male announcer ] when your car is more than just a car to you, the right insurance matters. are you getting the coverage options you need and the discounts you deserve?
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moammar gadhafi pulled from a sewer, dragged through the streets and dying with no dignity. relatives of those killed on pan am flight 103 over lockerbie,
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scotland, called that justice. zain verjee in london with more reaction. zain? >> the tabloid paper "sun" has this sentence that captures it in one sentence for all the families. "that's for lockerbie" and this gruesome picture of moammar gadhafi on the home page. over the last 24 hours we heard so much from the lockerbie families. some say this gives them closure and some say they would have preferred some kind of trial and justice that moammar gadhafi would have had to face but many people saying he deserved this kind of death. this, again, kyra, this tabloid really captures it. here lies the rat. many of the lockerbie families are thinking just this. kyra sph. >> how ironic he's found hiding in a sewer like a rat when that's the word he used to describe those going against him while he was still alive.
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well, let's talk about what does gadhafi's death mean for the lockerbie investigation now, zain? >> a lot of people have been discussing this issue and it's an important one. some say that they fear that what really happened over lockerbie is going to die with moammar gadhafi. many people, too, that say there's mu grau hae who would know the convicted lockerbie bomber back in libya and it is unclear where he is right now. although the scottish authorities came out and said it doesn't matter if gadhafi is dead, they'll continue the investigation into what exactly happened. one report that quoted the justice minister saying that he has evidence that moammar gadhafi had personally ordered the lockerbie bombing. one last thing to note, there is this guy, just to keep a note of, his name is abdullah, he was there former security chief for moammar gadhafi, he took off.
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he's wanted by the international criminal court and many analysts say that he knows a lot of the answers to lockerbie. >> zain verjee live out of london, thanks. the families of pan am 103 victims have been waiting a long time for this. in fact, the brother opone victim says it's a shame that gadhafi could only die once. susan candiotti reports. >> when you heard the news, what did you think? >> i was thrilled. and i didn't expect to have that reaction. i had been dreaming about this for more than 20 years, but always with the sense that you don't want to be the vengeful one that wants my brother's murder killed. >> his big brother was coming home for christmas after studying abroad when a bomb killed 2 70 people over lockerbie, scotland. >> to you and the other families, what did gadhafi
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represent? >> he did represent the essence of evil to us. >> we showed him video of gadhafi's body for the first time. >> it's too bad they couldn't kill him more than once. >> on a personal front, what are your reflections on this day about your brother? >> i remember promising my brother that i wouldn't let it go unanswered. that i would do what i could to get him. i definitely believe that i've honored him and fulfilled my promise by doing what i could. >> you know, i look at his picture over your shoulder. >> that's where it usually was. he was a classic big brother and today i feel as if, hopefully, he's proud. >> susan candiotti, cnn, new york. coming up, president obama got some flack for how he handled the libyan uprising, so, will he get any credit now for moammar gadhafi's death? our senior political analyst david gergen has an opinion.
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he's next. also ahead, herman cain. a rising star of the republican party, but will his candidacy make a bit of a difference in the black community? >> he might very well get my vote. >> up next, we visit cain's >> up next, we visit cain's hometown. and we switched to fedex cause a lot of their packaging contains recycled materials. tell them what else fedex does. well we're now using more electric trucks and lower emission planes. we even offer a reusable envelope. now, can't we at least print on the back sides of used paper? what's the executive compensation list...? [ male announcer ] sustainable solutions. fedex. solutions that matter.
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he's quite a character, doesn't hold back and says a lot of things that get a lot of attention. not always good. but he is a gop rising star. so, cnn's george howell visits his hometown to find out more.
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>> if you didn't know herman cain before his run for president, you probably know him now. the former ceo of godfather's pizza, now gop frontrunner. >> my point is this. >> reporter: known for being a straight talker like this comment about protesters on wall street. >> if you don't have a job and you are not rich, blame yourself. >> let me just say this, i know herman cain was born and where he was raised. which was in public housing. >> reporter: many of cain's political views are quite to the contrary of his friend and fellow church member joe beasley, an atlanta activist and supporter of worldwide occupy movement who believes more should be done to help the poor, despite their differences -- >> he might very well get my vote. >> reporter: beasley is keep ei an open mind. cain knows that running as a conservative will. >> many african-americans not
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being open minded and not even considering a conservative point of view. >> reporter: a question even in his own atlanta church, church leaders never returned our calls seeking comment about their long-time member, reverend gerald durley doesened mind speaking out. >> one banner for a party that has not been favorable to the african-american community. >> herman may be able to take a large slice of african-american vote, no republican is going to do that. but perhaps a sizable amount. >> reporter: matt toury believes cain could take 10% of the african-american vote along with his support from the tea party. he believes the businessman became much more confident about his political calling after surviving colon cancer. >> he kept continuing to have the positive attitude.
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>> reporter: experts at cain alma mater are watching closely. herman cain's friends tell us they respect his accomplishments now they are waiting to see if the differences that resonate in his hometown will make a difference on the national stage. george howell, cnn, atlanta. cain is expecteded to defend his 9-9-9 tax plan in a speech at 10:30 eastern time. we'll bring it to you live here on cnn. over 3 million. you say you can beat any advertised price on tires? correct. anywhere? yes. like this price? yes. riously? yes what about this one? i'll beat it. this one? s we will. right, i only have one more question for you...this one? (laughing) yeah. get $100 rebate when you buy four tires. 100 bucks! only at your ford dealer. 3 million tires. 11 major brands, fiona's kind-of-nice. i don't know why you're not here.
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12:45 eastern time in los angeles, the involuntary manslaughter trial of michael jackson's physician, dr. conrad
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murray resumes. at 2:30 eastern in washington, president obama honors the recipients of the 2010 national medal of science and medal of technology and innovation. and a tribute to robert dole gets under way at the u.s. chamber of commerce building. let's check in first with chris lawrence. chris? >> you've probably seen the graphic video but what happened in the last minutes before moammar gadhafi was captured then killed. we'll have new details coming up. i'll tell you what the headlines are saying around the world about moammar gadhafi's death. >> also ahead, rep the 2008 presidential campaign, hillary clinton questioned the foreign policy experience, she asked, who do you want answering the 3:00 a.m. phone call? fast forward, our political buzz
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we start in chicago where high winds and dangerous 25-foot waves force the shutdown of parts of lakeshore drive. windows broken and boats damaged but no injuries. out west, 8.5 million people taking part in the great california shakeout. earthquake preparedness drill when you guessed it, here comes the tremors, two small
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earthquakes hit the san francisco area. no one was hurt. meet the car nalz oldest baseball fan, clementine wilkerson has been through every world series game the team has ever played. >> i like to be with all of the people and see the banners and the noiz. i just love everything about it. >> her first game, 1926 when the cardinals beat babe ruth and the new york yankees this is our 18th world series. >> it doesn't get better than that. >> that is a fan right there. that is a super fan. >> she saw great babe. >> 18 world series, that is outstanding. >> should become an honorary player or something or let her be bat girl for the day. >> the team loves having fans like that. st. louis one of the great baseball towns in the country, the fans love their cardinals. >> and you can tell i grew up in the area, big cardinals fan.
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take it at a way. >> last night cardinals fans didn't like how things turned out. in the ninth inning they were on their way to a 2-0 lead and then look at the great play in the fifth inning by elvis anderson, the cardinals finally get something going. allen craig, he also drove in the go-head run in game one of the world series but the cardinals turn things over to their closer, jason mott, the rangers josh hamilton, the sacrifice fly to score in kinsler. that ties the game. watch taking third on the throw. he would then come home on another sac fly but the rangers come back and win with two in the ninth. game three tomorrow night in texas. bad news for nba fans. talks between the owners and
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player that's broke off yesterday. they met for three straight days, 30 hours total including with a mediator but the two sides are still very far apart on splitting up revenue and the salary cap. the union is accusing the owners of hijacking the meetings. no new talks are scheduled. the next time you hear from the league it will be about more games being canceled. the first two games are already gone and the commissioner warned you might not see games before christmas if they didn't get a deal done this week. it's the top of the hour. after 42 years, libyans awaken this morning to a new post gadhafi era free of the murderous tyrant, people celebrated, blasting car horns and the lib yags will be formally declared and the transition to democracy begin. gruesome photos and video are raising questions about how he died. was he killed in cross fire or was he executed? the u.n. human rights office wants an investigation.
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gadhafi's death is putting our arab leaders on notice in yemen and syria, anti-government pro testers chant that their leaders are next. covering the angles from the pentagon to tripoli to london to the white house, ivan, libya faces two massive challenges, rebuilding from war and what's the first step for the transitional government? >> reporter: first they say they are going to celebrate, liberation day on sunday they say in the eastern city benghazi where the rebellion first erupted. then they have to get to work appointing a new interim prime minister who will start to establish some kind of cabinet of ministers, a new government basically over the course of the next month. and then of course, there is the destruction, a lot of cities and towns damaged here in tripoli, many people say they no longer have running water from the city municipality.
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these are all big questions that are going to have to be wrestled with in the days and weeks and months ahead here. >> lots of questions about gadhafi's death still, ivan. what are you hearing from people there? >> reporter: well, we just came from friday prayers and may be able to hear the call for prayer from a mosque right now. some people were very happy at gadha gadhafi's death and others said they had misgivings about the way he died. take a listen. are you happy with the way gadhafi died? >> no, to be honest. we are muslims. we don't like this to be happening, it's captured as a prisoner, we would like to take him to court and he has his judgment. and at the end, he will be dead. but not this way. >> reporter: and kira, there's
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another silent community that we're not hearing from. i was here a little more than two months ago in tripoli when crowds of people would chant, gadhafi's name, they were supporters of him. one man i spoke with who said he's afraid to speak in public said last night his mother was crying when she saw images of gadhafi's death and he was ashamed at the way the man who ruled this country for more than 40 years had died. those people are afraid to come out in the streets right now. kira. >> ivan, thanks. let's turn to the military mission in libya. they'll discussion an end to the mission there in libya. chris, what are the new details we're learning first of all about the air strikes that actually led to gadhafi's death? >> we're now learning that gadhafi sources were isolated in one part of the city of sirte and nato had been keeping surveillance on them for some time. about 8:30 in the morning they make a break for a large convoy,
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75 vehicles, headed out of sirte, driving very, very quickly. nato says a lot of these vehicles were heavily armed. they scrambled the french fighter jet and american predator drone. they hit one of vehicles in the convoy, which disrupted the convoy. now, some of the images, the later images we would see, pictures, video are extremely graphic. we want to warn our viewers. but after this convoy is disrupted, some of the people, gadhafi included, fled on foot and ran away. the rebels found him and some of his supporters hiding in a drainage ditch. there was some sort of confrontation, shootout between the two and the rebels, ntc says gadhafi was killed in the cross fire of a shootout but some of the video and images show that gadhafi was still alive, being
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man handled on the hood of a car. so there is some discrepancy between what the official line is from the ntc and sort of what our eyes tell ugs from the video. kira? >> and meanwhile, what are you learning now about what's next for the nato mission? >> you mentioned a meeting. i am told that that meeting is going to start in about 25 minutes, in which they will be discussing the perimeters of how to end the military mission in libya. and then the question will be where does nato go from here. a british official says it could take the shape of nato providing some sort of surveillance, intelligence, reconnaissance assets to help libya secure not only its land borders but its territorial sees and air space above it. then probably some sort of assistance with training to try to help rebuild the libyan army and help some of the rebels gain control of some of the militias
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that have been operating there in libya. >> chris, thanks. the death of a dictator, a tyrant, that's how gadhafi's device is being described around the world. in one particular headline and photo is pretty graphic. zain? >> kira, let's go straight to the headlines and see what they are saying today. "the sun" newspaper, a tabloid in the u.k. says that's for lockerbie, gadhafi and does have a gruesome picture of the former leader on front page. it says he called liberal people rats when he rose up against him but he died like one himself. yesterday after being cornered in a stinking drain. gulf news, he refused to see the writing on the world. the violent end in sirte was inevitab inevitable. the war is all but over, gadhafi
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is gone. now begins the real battle for all lib yanz. and that battle is going to be a successful reconstruction, how to move forward and reconcile all of the divisiveness that exists between the different tribes and internally within the ntc between the liberals and the islamists. one big concern, kira, has been the amount of weapons that are unaccounted for that are a wash all over libya, something like 10,000 shoulder fired missiles missing and it is of a great concern to much of the world. >> we've been talking about what's next and what this means for the arab region. we've mentioned seyria, yemen te anti-government protests taking place there. >> spotlight is on syria and yemen. the first thing to consider, what's happened in libya has proven to be inspirational. many are wondering how much it
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will fuel the uprisings in syria and yemen and whether it will reinvigorate them or not. the ntc has kind of been the solidarity with the syrian opposition and been supporting them to the extent they can. but it's also important to keep in mind, kira, many analysts are saying syria still has a very strong, very powerful grip on its security apparatus and it's still really wields a tremendous amount of power. there's no sign many say of the regime weakening and the middle class of syria, the majority of it has to throw its lot in with the demonstrators that you're seeing on the street. but i think the verdict is out. no one would have imagined moammar gadhafi would have been killed this way. let's see what happens and how the arab spring takes a turn. >> we'll be talking about it for months to come. moammar gad lauhafi is the thir highest target taken out.
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u.s. droughns killed an al qaeda leader and u.s. s.e.a.l.s killed osama bin laden back in may. a touch re-election is taking shape. >> you have won your revolution and now we will be a partner as you forge a future that provides dignity, freedom and opportunity. >> the obama administration from your perspective deserves a lot of credit for this as well, don't they? >> i think they deserve credit. the fact is if we had declared a no fly zone early on, we would have never had -- gadhafi would have fallen at the beginning. >> dan lothian is at the white house. how much credit can the white house claim in gadhafi's death this morning. >> reporter: i think they can claim some credit and quite a bit of credit for the operation that eventually led to his death. when you're hearing from the white house, this is a vindication for their strategy in libya as you know. the president had been criticized for not being decisive enough in going into libya but the strategy had
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always been that the u.s. would be in this as part of a supporting role with the coalition, the nato coalition, that there would be no u.s. boots on the ground. the administration seeing this as a vindication of that strategy. but also, as a victory for the libyan people who rose up at great risk and have now moved through what has been a very painful chapter in their history. take a listen to what the vice president told candy crowley. >> one bad guy, one really tough guy. he for 40 years had folks under his thumb. and he's dead and going to give the people of libya their first chance in four decades to actually put together their own government and have a little bit of freedom, little bit of opportunity. >> reporter: this is the end of a huge chapter, it's not the end of the book. and the white house admitting that there will be some big challenges as this transitional
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government moves towards democracy as the president himself pointed out, there will be some difficult days ahead but that the u.s. and other countries, the international community will be there to help out the people of libya. >> dan lothian at the white house. thanks. dan rivers is in sirte where gadhafi was found hiding in a drainage ditch. we'll talk to him in ten minutes. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier.
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assassinate saudi arabia's ambassador to the u.s. have been indicted. in los angeles, the prosecution is expected to rest its case against dr. conrad murray later today. murray is charged with involuntary manslaughter in the death of michael jackson. yesterday prosecution witness dr. steven shaffer testified that murray should have realized jackson stopped breathing. the former jetblue flight attendant who gained fame for his exit last year, must pay $10,000 to repair the emergency evaluation shoot he used. cain is expected to defend his 9-9-9 tax plan in a speech this hour. those opposed feel it puts a burden on the low income. live pictures of his bus right now as republican candidate is expected to explain how he says that's just not true. we're going to give you the cain speech live from detroit as soon
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with moammar gadhafi dead,
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the libyan government faces a big challenge tracking down his assets. felicia, how much money are we talking about? put it in perspective. >> we're talking about billions and some are close to $160 billion. that comes from the libyan central bank and other firms such as global witness. last september of 2010, global witness had leaked a document that was leaked to them rather uncovered a portfolio that was worth about $65 billion and that was on behalf of the libyan investment authority. this is going to give people somewhat of an idea of the breadth of investments that moammar gadhafi had throughout the world. take a look at what some of those investments were. with cash and savings deposits held, about $20 billion sitting in cash and savings, an enormous amount of money. when you take a look at some of the equity portfolio, that also was vast throughout the world. we can look first at the largest holdings. in italy, he had a large in a
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company called unicredit $1 billion and eni $900 million, you have to question what the companies were thinking to know this kind of tyrant was investing in their companies. when they are this large, they know who the shareholder is. it amounts to 5 to 7%. when we look a little bit smaller in germany at $500 million and then in the united kingdom, pearson, and then in united states the general electric at $250 million. he had company like citigroup, j.p. morgan chase, home depot, many different equities. when it comes to the bond portion of the portfolio, that too was enormous, $50 million in italy. $20 million in spain, $32 million with lloyds bank and 20 million with bank of america.
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this gives an idea of the international scope of the investments that moammar gadhafi had throughout the world. >> thanks so much. actually right now in libya, they are still celebrating across the country because a dictator is dead. but what about here in the u.s.? beyond the gory pictures and the video, do american voters really care? joining us now is senior political analyst and former presidenter adviser david gergen, i was seeing what your thoughts were and also looking at a different thought coming from historian lee edwards. he was writing about gadhafi's death is a wake-up call for gop candidates who have largely ignored foreign affairs in their race for the white house. do you agree with that in any way? >> no, not really. i do think the president will benefit. he didn't get a huge spike with bin laden so he's not going to get a big spike with gadhafi. but i do think while he's not
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going to lift his polls very much, i do think it fortifies the president for the general election. because the republicans were going to run him as a weak candidate, a weak commander in chief, if you will, someone who is not willing to sort of see things through and doesn't mean in american victories. he's brought a different approach, been divisively called leading from behind and in the case of libya seemed to work. his party will be and he, held by the notion that he is taken a much less reckless approach to foreign policy, what they accuse george w. bush of and gotten results, gotten bin laden and awlaki and gadhafi. those are significant achievements. i don't think it's helping much in the polls but i think it helps with the underlying sense of confidence. ironically he ran on domestic policy but foreign policy seems to become his strength. >> all right, here's something
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interesting. taking that to heart, you also wrote and i'm looking at your article here, in second terms, presidents drift more toward foreign policy as a way to bolster legacies and that obama is going through that cycle a bit quicker. so let me ask you, does this mean that obama is recognizing or acknowledging something here, a possible farewell? >> i sort of don't think he recognizes it as a farewell. but i do think what he's found is in foreign policy, you are the leader of the strongest army on the planet. you do have this enormous authority still in the united states. you do not have the restrictions against you so you can get some things done. whereas in domestic policy it's much, much tougher to get accomplishments. and from the white house's point of view, this is sort of a bitter sweet day because they
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are proud of what their foreign policy. on the domestic side, their polls are going down. the capacity, the faith and confidence in president obama and his team and handling foreign policy. there's a new poll showing he's going down. he's never been below 40% on that question before. he's -- he's not going in -- he's not coming out of this weekend in a triumphant position as president. ez solidified and it does give him greater strength. i think he's getting to the place where he can almost take foreign policy off the table as a campaign issue. it's going to be a strength for him not for the other guys. the other guys thought it might be a strength for them. >> david, thanks so much. you might want to see this, david. i'm being told we have new video now of moammar gadhafi that just got into the newsroom. we warn you it's pretty graphic. i have not seen it yet. it's new images of his bloodied
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and half naked corpse. you can see lying in a cold storage unit, apparently this is on the outskirts of misrata. his burial has been delayed we're being told. the united nations is asking for an investigation also into how he was killed. dan rivers is actually at the tunnel where gadhafi was captured. dan, i don't know if you've had a chance to see that video. pretty gruesome stuff and we can talk about that in a second. first of all, you're at the spot where we saw the photos, this is apparently where he was hiding out, he was pulled from this tunnel screaming not to shoot, begging for his life. it looks like it turned into quite an attraction this morning a day after his death. >> reporter: yeah, i mean, i guess you consider this as sort of combat terrorism. every fighter in the area is coming here to spray their name on this wall and have their
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photo taken. this is the precise spot where gadhafi was found in the tunnel. around us is a pretty gruesome scene. on the center partition of the road there you can see there are several bodies still lying around. human rights watches we spoked to the new york based human rights group says there are 95 bodies they counted in this little area here, all thought to be connected to the convoy that was trying to escape, containing colonel gadhafi. and they are concerned about how he was killed. they say -- they are fairly certain he left here without any gunshot wound to the head. he was alive and they are fairly certain that the convoy that took him from here with ntc fighters was not involved in fighting. that is add odds with what the ntc is saying, that he was involved in a shootout and he was hit in the head as they tried to take him to a hospital.
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he had already been hit once we're told. human rights watchers are saying if this is the case, one can -- and what a bleak way to start this new day in libya with the former dictator being executed without the opportunity of putting him on trial. now, we may never get to the bottom of exactly what happened here but certainly that cell phone footage that came out yesterday evening clearly showed gadhafi just up on this road here. he was alive. he was bloodied but was alive with people beating him. you can see his shoes used to beat him which is a huge insult in this culture. what happened next though is not clear. that is the big concern for human rights groups investigating this. >> as that investigation goes forward, dan, i hope you don't mind since we just got this video in, it's new images of moammar gadhafi and his naked
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corpse right there in a cold storage unit on the outskirts of misrata. what can you tell us about the burial, the funeral. what do you know of what's going to happen next and also some may see these images as much of a tyrant as he was and think this is maybe not the most respectful way to handle the body and how the world is seeing him now. >> reporter: yeah, i mean absolutely, in this culture here in islamic culture it is customary to bury the body as soon as possible really, within 24 hours. now that hasn't happened yet. there has been a delay for whatever reason, maybe they trying to figure out what they do with it. they don't want a shrine to be created to his loyalists and incidentally we already talked to one guy in sirte here who was
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clearly expressing his disgust of what had happened and there are people out there that -- especially who still support gadhafi and it is a difficult issue for the new government here, the ntc, what do they do with his body? presumably what they are hoping to do is bury him in secret somewhere out in the desert. and they hope that will be the end of it. human rights watchers -- there's a celebration here. human rights watchers saying that they want an internationally independent autopsy of his body. because one thing isn't clear, we still haven't gotten confirmation of how he died. was it from a gunshot wound to at the time head? what caliber weapon was used? is there any evidence of what range he was shot at? was it a point blank shot to the head or caught in the cross fire? those are the kind of details they want to get to the bottom
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of. that's what's delaying the funeral and burial, i don't know. >> in the hometown of sirte libya, where he was captured and killed. dan, thanks. it's 3:00 a.m., a national emergency requires the president's attention. who do you want answering that phone call? remember that during the 2008 campaign. it's still a good question and our political buzz weighs in. [ woman on radio, indistinct ] ♪ bum-bum
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checking top stories now, the killing of moammar gadhafi may put more pressure on another regional ruler, bashir assad. i spoke with jim jones last hour. >> what's happening over in that part of the world i think is the biggest thing that's happened since the dissolution of the soviet union. it's on that scale of importance. who knows where it's going to stop. if i were assad, i would very concerned about what would happen next. >> protesters took to the streets in a number of syrian cities chanted, gadhafi is gone, it's your turn, bashar. >> hillary clinton urge s leaders to go harder after
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terror group. the senate has blocked votes on two jobs bills, both bills were part of president obama's broad jobs package. political buzz now, your rapid fire look, 30 seconds on the clock and maria cardona and cnn contributor will cane. a bill aimed at preserving police jobs and crimes, including rape, well, that that would go up. >> do you regret using a rape reference to describe republican opposition --? >> what i said, let's get it straight. don't screw around with me. let's get it straight. >> you didn't use a rape reference? >> listen to me. i said rape was up three times. they are the numbers, go look at the numbers. murder is up, rape is up and burglary is up. that's exactly what i said. >> and if the republicans don't pass this bill, then rape will continue to rise?
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>> murder will continue to rise and rape will continue to rise. >> do you think it's appropriate for the vice president to use language -- >> we've got to go. >> does biden have a point or does this talk hurt obama in 2012? >> let's set aside the fbi put out statistics that said we're in a nation well crime down turn, let's set that aside and follow the vice president's logic. i have an idea. let's put 1 million police officers on the streets of flint, flint, michigan where the vice president was speaking, let's put 1 million officers, because surely that will reduce crime. you see, this is the logic of a sim pton because it doesn't take into account the concept of values, simply in an economic downturn under the threat of rape. >> maria. >> yes, absolutely he has a point and i don't think it's going to hurt president obama.
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what he said is statistically and actually factually correct. crime is up in flint. crime is up in camden. it's also happening in richmond and oakland and san jose and in all of these other big urban cities around the country. what's more, americans understand that. it is -- it actually follows if you put less police officers and less first responders on the street, americans will be less safe. that is not something that is a stretch. americans get it and i think they will respond and understand that. >> patricia? >> this is not going to hurt president obama among the voters that joe biden was talking to. this is the democratic base he's talking to and reaching out to. what he's saying is that if the republicans block this jobs bill and the jobs bill has money for first responders in it and local police in it, if the republicans don't pass it, there will be more crime. that is what -- that's kind of a cuff message that democratic activists want obama to say. so joe biden is coming in and
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saying it instead. it will hurt him -- help him with the democratic base in terms of who it would hurt him with. maybe republicans but they are not vote are for him anyway. >> romney said he has a quote, good shot at becoming president. so is he counting his chickens before they are hatched, maria? >> good shot as compared to who, michele bachmann, probably, gingrich, probably, ron paul, probably. is he counting the chickens before they hatch? absolutely. look, he should be concerned about trying to break the 25% ceiling that he is in right now in attracting conservative gop support when not one vote has been cast during the primary process. what he should also be concerned with is trying to get convictions. most americans believe an apple has more of a core than he does and that's a big problem for him. >> will? >> you know, kira, a month or two ago, i said that rick perry
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had a good shot at being president. the truth is i said it more strongly than that, i think i said he would be president. >> i think you bet actually. >> i humbly venture into the world of prediction, i would advice mitt romney the same. that being said, look, he does have a good shot, not that strong of a statement, it's because he holds steady in the polls and has viable alternatives to people voting for him. he does have a good shot to be president. >> mitt romney isn't making a prediction here, he's making his case to the republican voters that there is a whole group of people here who maybe you're going to like but i'm the one who can win. i have a good shot at being president. republicans are being torn. there are the more conservative presidential candidates who they live but they want to win. they are desperate to beat obama and romney is saying, i'm the guy who can do it. it's the best case he has to make to voters, not really counting his chickens but saying let me run and i'll do the job
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for you. >> remember this campaign ad, it was from 2008. take a little bit of a listen here. >> it's 3:00 a.m. and your children are safe and asleep. there's a phone in the white house and it's ringing. something is happening in the world. your vote will decide who answers that call -- >> your vote will decide who answers that call. in 20 seconds, guys, in 2012, who do you want answering that phone call? >> i am one of the multitude of undecided independent voters, i literally don't know who i want to answer that call. i'll make just a quick point here. that was a hillary clinton attack ad on president obama and that's the area he's doing the best in. 62% approval rating. if he can answer all calls that well, he would be in a lot better shape. >> will? >> i really like this ad for two reasons. we often think the presidency is the head legislative position and it is more often than not
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about things you can't anticipate. that revoflz around national security and protecting us. my answer is i'm not endorsing anybody, among my choices before me right now, i guess i want mitt romney answering that call. >> maria, i've got to say hillary clinton went to libya one day and the next day gadhafi is dead. if that's not getting it done, i don't know what is. and it would be great for all of us, she is part of president oba obama's team. both will be answering that call and most americans agree that that is the right team to have answering that 3:00 a.m. call. when he gets re-elected that's what we'll have for the next four years. >> that is news. maria made news and endorsed hillary clinton over barack obama. we all heard that. >> i don't think so. >> such a trouble maker. have a great weekend you guys. xbl thank you, kira. let's show you live pictures out of detroit. herman cain expected to defend his 9-9-9 tax plan in a speech that's going to begin any minute now. those opposed to the proposal
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say it puts a burden on the low income folks and the candidate will explain that's not true. as soon as he steps up to the mike in detroit, we'll take it live. home menu orange chicken women men and uh pandas... elbows mmm [ male announcer ] wanchai ferry, try it yourself. it's this... etrade's pro platform. designed bottom up? integrated top down. customizable. well, duh. o compromises. no multiplelatforms gt?ett. good. new pro elite from eade. investing unleashed.
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live pictures out of detroit, michigan right now where gop presidential candidate herman cain is unveiling his opportunity zone plan. it's a program aimed at helping small businesses. he also says he has clarifications he needs to make on his 9-9-9 tax plan. a number of people introducing herman cain, as soon as he steps to the mike we'll take it live. the irs is announcing changes that allow you to sack away more money for your golden years. alison kosik has the details. >> yes, this is what we like to hear. next year you can contribute more tax free dollars to your 401(k). how much? $500 more than this year. that 2012 contribution limit will go to $17,000.
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this not only applies to 401(k)s but pension plans, 403 bs. this is the first time you can contribute more since 2009. this is helping because the cost of living is rising and inflation is hotter and it's the same reason that social security checks and some irs deductions will be rising next year. we're all paying more for food and clothes and cars and everything has to adjust as well. >> $500. can it really make a big difference? >> it's a good question. it really depends on what your situation is but think about it. people were hit really hard during the recession. surveys are showing that people are work are longer and trying to save more and moving more of their money into more conservative investments. stocking away more money, retirement savings are close to an all time high. after the economy has taken such a hit, many people are trying to
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play catchup. so that $500 could make a difference, yeah. >> alison kosik, thanks so much. we're monitoring herman cain in detroit, michigan, he's going to step up to the mike and we'll talk about a couple of things, defending his 9-9-9 tax plan and addressing those oppose that proposal specifically talking about how it puts a burden on the low income. he says he's going to explain that it doesn't do that. we're going to bring his speech live as soon as he steps up to the mike. -i love this card. -with the bankamericard cash rewards credit card, we earn more cash back for the things we buy most. it's 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through.
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live pictures once again in detroit, michigan, we're not taking our eyes off this. herman cain expected to clarify things about his 9-9-9 plan and his opportunity zone plan which will target small businesses. as soon as he starts speaking we'll take it live. the cash keeps flowing for the occupy wall street protest. thousands of dollars raised every day. so who's in charge of that money? we'll talk about it after the break. one of the most interesting things about occupy wall street is is the money. where is the money coming from? they have raised $300,000. how are they spending the money? how are they not using the big banks? does everyone know you around here as the money man? >> a lot of people do.
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>> people power! >> you call yourself chief financial officer or something else? >> no, there is no chief. >> reporter: what are things like these days? >> it's pretty crazy. i mean this is really like doing an office job in a moshe pit. >> reporter: right here by the food is where you find the donation boxes, i saw someone stick cash in there. what's really interesting, these are all over the park and what occupy wall street tells me is that they have gotten to the point where they are getting thousands of dollars of cash donations in the park every single day. >> it's come from all 50 states. average donation is a bit over $47. >> reporter: how do you make the decision on what to spend the money on? is this a democratic vote? >> we have our general assembly. >> reporter: made up of how many people? >> every body here. >> voted yes and spending the money to get it. and i voted for the uhaul for us
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to go back and forth with packages. >> as far as i'm concerned they are doing a very good job of providing us what we really need. >> had a tattoo shop for many years and help run a software development company. i went back to school to nyu and basically my concentration is finance. >> in terms of where the money is processed, donated to occupy wall street, what we found out is that a lot of it is processed through a washington, d.c. based non-profit, alliance for global justice. in terms of fund raising and how you get your money and spend your money, what do you think differentiates you from a big corporation? >> first of all, we're by the people for the people. and we're not trying to make a buck here. we're trying to feed people, get them some medical is a tension when they need it. we're trying to clothe the people when they come down here. we're not trying to be greedy. >> they go to great lengths to be as transparent as possible. >> peace. >> my grandparents are in the
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civil rights movement and my parents were in the anti-war movement. it's my turn now. >> kira, it has been fascinating to watch this movement. we're going to follow the money behind it and see what happens. pete thinks they are going to raise a million dollars in the next few months. we'll see if they reach that goal. as for him, he said he plans to be down there through the winter and actually through the 2012 election cycle and we'll see if it grows or if it sort of disburses. kira, i asked him what's your end game here because all of the protesters seem to be different end games. for him he said he want to get the money out of politics, not just personal money but corporate donations and wants to see political campaigns funded through taxes but you are raising money through donations. his answer is we are not a political movement. that is his end game. interesting to meet the guy in charge of the money there for occupy wall street. >> we'll continue to track it right along with you. poppy, thanks. live pictures once again out
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of detroit, michigan. here we go. perfect timing. herman cain stepping up to the mikes. >> thank you for being here today. because this is a day that we have an opportunity to explain 9-9-9 without six attacks at one time. if you know what i mean. some people have asked me, how did you come up with this? what do you know about economics? earlier in my career when i was at the pils bury company, one of my jobs at one point was director of business analysis. where i oversaw economic analysis for the pillsbury company. some people think there's just
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pepperoni between these two ears, but i used to work doing economic analyses. in the early 1990s i was asked to serve on a commission with jack kemp, the economic growth and tax reform commission. we studied the fair tax, we studied the flat tax. and came to some wonderful conclusions about what a good tax structure ought to be. let me introduce before i go further my senior economic adviser, the co-architect of 9-9-9 mr. rich lowrie out of cleveland, ohio. [ applause ] i am happy to be in detroit but more importantly i'm happy to be in america with this is where opportunity is born. and this is where dreams can be achieved. i know that you heard a lot of disinformation about 9-9-9.
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don't believe it. look it up for yourself. this is why i want to review that before i get the opportunity zone. first, 9-9-9, we have five simple principles we wanted to satisfy. we wanted it to be simple. we wanted it to be transparent. so that you would know when and how you were going to be taxed. we wanted it to be efficient. how many people here like spending money to get your tax returns filled out? that's not very efficient. it costs us $430 billion a year to file and comply. we wanted it to be fair. not according to washington's definition of fair, but webster's definition of fair. which means everybody gets treated the same. that's fair. [ applause ] and we wanted it to be revenue
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neutral. the 9-9-9 plan throws out the current tax code. that's where we start. we have been complaining about it for decades. we know it's messed up. and so because we put a bold solution on the table, some of my fellow contenders have accused me of being too bold. this economy cannot wait. it is on life support. we need a bold solution, which is why we put together 9-9-9. the other thing that 9-9-9 does, it levels the competitive playing field. you see on that first nine, a business can deduct purchases, capital investments, and net exports. what that means essentially is
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it makes goods and products produced in the united states on a level playing field with everybody else in the world because we take out many of these embedded taxes. the third thing that this approach does, it expands the tax base by adding in the national sales tax of 9%, the third 9. some of my opponents in this republican race have said why do you want to give government another mechanism to tax us? my response is, i want to take away the 10 million ways they have now to tax us. i'm not worried about one. i'm worried about the 10 million in the current tax code. and one of reasons that they aren't going to turn 9-9-9 into something else any time soon, you can never say they
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will never change it. there are two reasons why. they are not going to change it anytime soon. number one, i'm going to be president and i'm not going to sign it. they keep for getting that. and number two, because it's visible. you know what it is. you understand it. and if they start talking about raising it for no reason other than they are still overspending, you are going to let your voices be heard. visibility of this plan is one of biggest deter ents we have to keep the politicians honest. now, the opportunity zone feature has been in our analysis all along. but just like i accused some of my opponents the other night of not having read the plan, we now have proof they didn't read it.
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if their staffs had done the proper job and read it all the way through, they would have discovered what i'm about to share with you because first of all, 9-9-9, captures revenue to equal existing tax revenue from five sources. the payroll tax, you don't have to pay that anymore. corporate income taxes, in the first nine. personal income taxes, everybody rates can go from 10 to 25 to 35%, you capture that in the second nine. it also replaces capital gains taxes and the death tax. capital gains. what if an investor who wanted to do something with this building behind us and what if they wanted to spend $10 million to turn it into a mall or a
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restaurant facility or destination facility in this city? under 9-9-9 they would be able to deduct that capital investment in the year that they make it and not have to deal with the depreciation schedules they call it, which are punitive to businesses. the fact that capital gains goes away, it allows that entrepreneurial spirit in this country to be financed by people with money, to get together with people with ideas. imagine everyone of these facilities that we are surrounded by having an entrepreneur and investor getting creative in order to do something with these depressed economic properties. that's what built america. we need to renew and unleash that same spirit. so here too

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