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tv   CBS Evening News With Scott Pelley  CBS  November 1, 2011 6:30pm-7:00pm EDT

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anna werner on what's behind the dust storms in the southwest. >> it's like getting sandblast >> pelley: dr. jon lapook on a link between alcohol and breast cancer even for light drinkers. and a drug epidemic more lethal than cocaine and heroin combined. mark strassmann shows us the damage. >> he died in my wife's arms. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.
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>> pelley: good evening, european heads of government worked for weeks on a deal to prevent greece from defaulting on its debts and threatening the world economy. tonight there is reason to believe the greek government may collapse and take the deal with it. the chaos in greece trick triggered a selloff on markets all around the world. on wall street the dow fell nearly 300 points and an important wall street firm called m.f. global has collapsed because of its exposure to european debt. we have reports from both sides of the atlantic. first, anthony mason in new york where the bankruptcy of m.f. global has touched off an investigation into missing millions. anthony? >> reporter: the f.b.i. is now looking into this case, too, scott. the collapse of m.f. global, the 200-year-old trading firm led by former new jersey governor john corzine has been severe and sudden. >> reporter: as bankruptcy hearings for m.f. global began
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in this new york courthouse today, federal investigators said hundreds of millions of dollars of customer money is missing and they're looking into whether it was improperly used in last-ditch trades to prop up the company. if mfrplt. f. global tried to use customer money to save the company, how serious is that? >> a very serious charge if it's more than just a minor amount. >> reporter: sean egan is found jer of the egan jones ratings agency, one of the first to flag the company's troubles. >> they took major bets on some dicey assets and lost those bets. >> reporter: jon corzine took over m.f. global last year and the former c.e.o. of wall street powerhouse goldman sachs quickly took a major gamble on european debt. how significant was m.f. global's investment in troubled european debt? >> it was massive, it was $6.3 billion. >> reporter: that $6.3 billion was invested in the debt of italy, spain, portugal, and ireland.
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all countries now considered in severe economic trouble. what's more, egan's agency calculates that m.f. global was leveraged at a rate of 40-1. that means for every dollar of equity it had, it held nearly $40 of debt. >> which is an incredibly high level to put in perspective lehman brothers had leverage of about 30-1 or 33-1. >> reporter: at the bankruptcy hearing today, attorneys for m.f. global claimed all monies have been accounted for, but federal officials say they're still looking for hundreds of millions of dollars. m.f. global's biggest client, scott, include major financial firms like fidelity and tee yay cref. >> reporter: anthony, thank you very much. the greek government is in jeopardy tonight because the prime minister surprised everyone when he said the european deal to rescue greece from it own debts would have to be put before greek voters. that touched off a revolt within
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his own party and the prime minister has just fired his military chiefs of staff. that in a country with a history of military coups. mark phillips has our story. >> reporter: greek prime minister george papandreou has stunned the financial world by announcing that the bailout deal painstakingly negotiated with european leaders to try to save his country from bankruptcy would now be put to a national referendum. months of violent demonstrations have already shown how divided greece is and putting the package-- which calls for tax hikes along with salary and pension cuts-- to a public vote seen as an invitation for the deal to unravel, dragging any hope of a world economic recovery down with it. >> just when the european debt crisis had finally, finally been put to bed, again, it's the massive volatility and
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uncertainty back into financial markets. >> reporter: papandreou's government will face a confidence vote in parliament on friday and could fall. that would put the bailout deal in jeopardy and put greece on the fast track to default, causing financial havoc across europe. world leaders who have stuck their financial necks out for papandreou have summoned him to an economic summit this week. this was supposed to be the week that world leaders gathered in france to chart the next course of the economic battle. all through the week, demonstrators gathered to tell them what they were doing wrong. now the whole agenda has been tossed up in the air like a greek salad. and instead of dealing with big plans to fix a stuttering world economy, the argument here will be sidetracked by a small country-- greece-- that is causing big countries so much trouble. mark phillips, cbs news, nice, france. >> pelley: of course, the u.s. has its own debt crisis.
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the so-called congressional supercommittee has just 23 days left to come up with a deficit reduction deal. a compromise that not even the president and the speaker of the house could reach earlier this year. there are no signs of progress and nancy cordes reports the committee got some harsh advice in a hearing today. >> i'm worried you're going to fail. fail the country. >> reporter: erskine bowles and three other debt experts lectured the members of the supercommittee today saying their part sand standoff could wreck the economy. >> in your gut you know what you have to do. >> reporter: former republican senator alan simpson co-chaired a bipartisan commission with bowles that identified more than $4 trillion worth of debt reduction. despite months of closed more door meetings this supercommittee of six democrats and six republicans is struggling to identify just $1.2 trillion in savings. the issues dividing them are medicare and taxes. the panelists today agreed the
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only way to meaningfully reduce the nation's $14 trillion debt is to restructure ballooning health programs-- particularly medicare-- and to overhaul the nation's tax code to boost competition and raise revenue. former republican senator pete domenici had harsh words for members who only want to do one or the other. >> they are both complicit in letting america destroy itself because we don't want to make tough decisions. >> reporter: the committee's job is made tougher by the hundreds of trade groups and corporations seeking meetings and airing ads in an attempt to protect their piece of the budget. yarp is fighting for proposed cuts to medicare. >> we are 50 million seniors who earned our benefits. >> reporter: simpson surge it had committee to ignore it all. >> people admire guts and courage. they may fight you, they may vilify you, but they will admire you. >> reporter: failure is also a powerful motivator and if the
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supercommittee doesn't reach a compromise, scott, then across-the-board spending cuts will go into effect in all government programs, including medicare and defense. >> pelley: nancy, thanks very much. bank of america announced a big cut of its own today. after an outcry from customers, it is scrapping plans to charge $5 a month for making purchases with debit cards. in the presidential race today, republican front-runner herman cain hammered back at allegations that he sexually harassed two women while running the national restaurant, snow the 1990s. cain called himself the victim of a smear campaign. but the lawyer for one of the accusers told us today that his client wants to tell her side of the story. >> i think the national restaurant association ought to way the confidentiality and non-disparagement positions and let the two women-- if they choose to do so-- come forward and tell their stories. so that it can get a complete public airing.
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>> pelley: cain has made several conflicting statements in the past two days. today he said he was aware that a cash payment had been made but only to one woman not two. the "journal of the american medical association" has just released the results of a three-decade study on the health effects of alcohol on women. they show that as few as three drinks a week can lead to an increased risk of breast cancer. but earlier studies found that moderate alcohol consumption may help prevent heart disease. if you're confused, so were we. so we asked dr. jon lapook to look into it. >> reporter: today's study added confusion about the role of alcohol in women's health. it shows even a moderate amount may increase the risk of breast cancer. study author dr. wendy chen. >> what was new about our study is that we had enough statistical power to look at the effect of lower levels of alcohol consumption in breast cancer risk. >> reporter: more than
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100,000 nurses were followed for nearly three decades. compared to non-drinkers, women consuming the equivalent to three to six glasses of wine a week had a 15% increased risk of invasive breast cancer. for every 10,000 women, that translates to an additional 52 cases of breast cancer over ten years. but a previous study of the same group of women found that roughly the same amount of alcohol may lower the risk of heart disease. so where does that leave women? >> they don't need to stop drinking all together but in terms of breast cancer risk to minimize her drinking we would recommend that she consume alcohol of several drinks per week or less. >> reporter: if you're wondering what "several" means, dr. chen says there's no hard cutoff, meaning the study provides a guideline, not absolute rules. >> pelley: this is one of those studies that is so infuriating because you don't know what to do with it. in a practical sense what is a doctor and patient supposed to do with this information
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>> i'll tell you exactly what i told my patient this morning, middle-aged woman, very strong family history of breast cancer. she says she drinks two to four glasses of wine a week. i discussed the study and said "it probably makes sense to stay on the low end of that." if she had had a very strong family history of heart disease i might have changed the equation. i have to be honest, scott. no doctor knows exactly what to recommend. it's as confusing for us as for everybody else. >> pelley: jon, thank you very much. prescription painkiller abuse is now taking almost as many american lives as car accidents. what's behind the dust storms in the southwest? and, a jetliner makes an incredible belly landing when the "cbs evening news" continues. with my friends, we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles.
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abused prescription drugs. >> we cannot continually detox and house these people in jail. jail is not a place for an addict. but here we are. >> my family doesn't want anything do with me because i'm a drug addict. >> reporter: kyle lahanse is behind bars for lying about a robbery. he started popping painkillers when he was 14. what did you use? >> oxy, pain pills. i got addicted to them and i needed them. >> reporter: how bad is this epidemic? >> the analogy i use is like standing on the beach with a tsunami rolling in on you. you may think that you can come back it but it's going to take you with it. it's huge. >> reporter: how young are some of the first-time users? >> usually 11, 12, 13 years of age they start dabbling. they may not even know what the name of the pill is and they take it. you go from toddler to experimenter. >> reporter: that fast? >> that fast. >> reporter: prescription drug abuse hit florida the hardest. of all the oxycodone prescribed
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last year, doctors prescribed 89% of it. seven people a day on average die in florida from prescription drug overdoses. chief salley see this is community remembrance board everyday and it's personal. >> this is my son. he is 20 years old... was 20 years old and he passed away nine and a half years ago. >> reporter: still thourt see that name on the wall? >> yes, it does, that's why i'm looking at you. >> reporter: you can't look at the name? >> no. >> reporter: deak salley overdosed on methadone and xanax he suffocated at home. >> he died in my wife's arm. >> you were a cop and you had no idea. >> yeah. >> reporter: looking back on it, should you have? >> it's a mystery. i play that record everyday. what should i have done? do you have anybody you can contact or call? >> reporter: so salley and his wife lynn mentor kids about drugs and volunteer at rehab clinics. >> my life is to make sure a parent doesn't have to go through what my wife and i had to go through. >> reporter: that's also why he talks to these inmates.
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it's more than you might expect from a man who runs a jail. >> 95 days is a long time in the hole. >> reporter: but then he sees his son in all of them. mark strassmann, cbs news, naples, florida. >> pelley: we think the picture of the day comes from warsaw where a polish jetliner landed on its belly when the landing gear couldn't come down. but it was smooth. one passenger said she'd had rougher landings when there were wheels. the big 767 bound from newark, new jersey, had 231 people on board. everybody walked away. red skies over texas. the drought that's killing crops and why scientists think it may get worse.fe and why scientists think it may get worse.fe that's next. spe cooking it. so why spend even a moment considering any broth but swanson? the broth cooks trust most to make the meal folks spend all year waiting for. in stuffing and more, the secret is swanson. [ pneumatic wrench buzzing ]
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stop taking cialis and call your doctor right away. [ male announcer ] ask your doctor if cialis for daily use is right for you. for a 30-tablet free trial offer, go to >> pelley: that weekend storm in the northeast is now blamed for 23 deaths and the power is still out for more than a million and a half homes and businesses in seven states. top scientists are warning need the extreme weather patterns could continue in the future. and in bone-dry texas, anna werner reports that future is now. >> reporter: lubbock, texas, hadn't seen anything like this in decades. the dust storm on october 17 stretched more than a mile high with wind gusts of 75 miles per hour-- hurricane force. >> i took a picture of it at first and then i started videoing. >> reporter: kevin watt recorded it on his iphone.
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>> it came in like a cloud but, you know, you realize, hey, that's dirt. >> reporter: it looks a little scary on the video. >> it was a little scary. it was big, it came in fast. it was pelting my skin and getting in my eyes. it's like getting sandblasted. >> reporter: the winds tore siding off buildings and pushed a jet into a fence. damaging storms like this are happening more often in the southwest. arizona has had eight major storms so far this year. typically there are only two or three. a storm near phoenix caused a fatal accident. in florence, arizona, it was an unwelcome wedding guest. >> let's get out of here. >> reporter: as storms erupt when advancing thunderstorms or strong cold fronts push high winds across loose soil. richard seeger is an expert on climate. >> the dust storms are coming about quite simply because this is one of the most severe droughts that texas and the southern plains have experienced in this century. >> reporter: this drought was triggered by la nina--
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cooler-than-normal water in the pacific alters the jet stream, trapping dry air over the southwest. the lack of rain has already caused $9 billion in losses. >> when the wind comes through, there's just nothing you can do to stop that. >> reporter: farmer brad heffington snapped these storm pictures. he raises cotton near lubbock-- when he can. >> normally weeds will grow even when it's dry. but the weeds aren't even growing this year and i've never seen that. >> reporter: heffington planted 6,000 acres of these cotton seeds but in these dry conditions two-thirds of them failed to come up. the dryness reminds some here of the dust bowl of the 1930s when the great plains were plowed under and the drought created the perfect conditions for what were called black blizzards. scientists do not expect a similar catastrophe this time. >> we're going to pray for rain and hope that it comes. >> reporter: but the forecast for the south plains predicts a drier-than-normal winter.
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>> holy cow, look at this! >> reporter: that exl extend the drought into the spring. anna werner, cbs news, lubbock, texas. >> pelley: for some wounded warriors, the long road to recovery begins on a river. impr recovery begins on a river. impr ouncer ] got gas on your mind? your son rip is on line toot. [ male announcer ] try gas-x. powerful relief from pressure and bloating in a fast-acting chewable. gas-x. pressure's off. [ male announcer ] it's that time of year. time for campbell's green bean casserole. you'll find the recipe at ♪ campbell's. it's amazing what soup can do. spark card from capital one. spark cash gives me the most rewards of any small business credit card. it's hard for my crew to keep up with 2% cash back on every purchase, every day. 2% cash back. that's setting the bar pretty high. thanks to spark, owning my own business
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>> pelley: for america's wounded warriors, leaving the hospital is the start of a long recovery. but chip reid tells us some veterans have found the journey is shorter with a visit to some healing waters. >> reporter: on the potomac river just outside washington, d.c., two kayakers were in search of the adrenaline rush that comes from surfing a white water wave. you might not have guessed that 21-year-old todd love in the front seat was a triple amputee. love, a u.s. marine, blows both legs and one arm just over a year ago when he stepped on an improvised explosive device in afghanistan. his father carried them to the river and an instructor placed anymore the kayak. he attached a prosthetic arm and when he entered the water, he was transformed. >> when i'm in the kayak, it definitely makes me feel free. something about being on the water. it's just... it's therapy. >> reporter: the organization that provides this opportunity is called "team river runner."
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the instructors are all volunteers. team river runner started small, about seven years ago with just a few kayakers out here on the potomac river. but in recent years with so many injured veterans coming home from iraq and afghanistan it's grown quickly. there are now chapters in more than two dozen states. many of the instructors are also injured veterans, including jared bolhuis. >> team river runner what gave me my life back. it got me... it gave me a purpose again. >> reporter: bolhuis returned from afghanistan in 2009 with post-traumatic stress disorder and traumatic brain injury after a 500 pound bomb blew up next to his armored vehicle. >> i'd go to restaurants with friends, i couldn't go out, i was more or less confined to my own little world. i couldn't get out of it. >> reporter: the chance to help his fellow veterans changed everything. >> when i'm with the other wounded veterans, when i'm teaching, i'm alive. there's nothing better in the
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world to take someone who thinks they've had everything stripped from them, that they're never going to lead a functional life again and to teach them a whole new skill. >> reporter: this high school teacher who founded team river runner said nothing gives him more joy than watching people like todd love rediscover their confidence. you can't even tell he's disabled when he's out there. >> isn't that awesome? that's what it's all about. they're not disabled, they're enabled. >> reporter: love says his success at kayaking has him looking for new challenges. >> i want to go skydiving soon. it shouldn't be a problem to do that. >> reporter: shouldn't bt a problem for a u.s. marine with an unquenchable first thirst for adventure." chip reid, cbs news, glen echo, maryland. >> pelley: that's the "cbs evening news" for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs
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this is 9news now. >> the mother of murder victim, jayna murray took the witness stand later today. her brief testimony was primarily to identify her daughter's belongings. but she took the stand compelling a police interview with norwood done two days before they arrested her. >> i'm andrea mccarren in rockville where the jury watched a police interview with brittany norwood just two dais before her arrest. >> she asked if there was any good news referring to the investigation said montgomery county police detective. he's a veteran homicide investigator with a soothing voice and a reassuring style. the lumulemon murder was to be his last active case assignment before retirement. you're one of the best sources because you were there, he tells norwood on the police video tape. norwood had been called


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