similar actions so there is tremendous momentum we need to be ready for when that political opportunity khans to push ideas like this through and i think if they could get such taxes implemented in europe they start raising a lot of money off of it in the sky doesn't come falling down policymakers here are going to have to take a second look at this and think maybe this isn't such a dumb idea maybe we do need that revenue and we should be following nearly absolute agree i wrote a piece for common dreams on the stock tax in fact it goes eight suggesting we should have it pointed out that we financed the civil war with the state tax we financed the spanish-american war with the stretch x. and then we started one in one hundred fourteen that led to world war one and that held until nine hundred sixty six in fact f.d.r. it shifted in one hundred thirty five when he created the a c c he allocated all the revenue from the steps tax to fund the a c c but joe kennedy in charge of that gloria swanson told me one night but one afternoon we were having lunch she said joe was her manager and whatever she

purely economic perspective so she's going to do what dominique strauss kahn was doing and so many stars khan was not this wonderful dot basically he was just throwing money at a problem and doing bailout after bailout as opposed to the hard haircuts to have to be made i mean we have to restructure these debts that's the only way that the european peripheral countries are going to be able to get out of this hole that they're in because the central planners are not restructuring and that's they're simply forcing more debt onto the bonfire of debt cities countries simply be fall no you know they shouldn't use default should we negotiate and cake her concent and do what you normally do in a sensible. old debt restructuring situation i mean if you have a creditor who recognizes that the money that they are owed is not going to be paid back and sold but the smart thing is for the creditor to sit down at the negotiating table and restructure these debts but not to push the debt sure to the wall to just salt i mean what's the point of that doesn't help anybody and hurts everybody now but who is goin

purely economic perspective so she's going to do what dominic strauss kahn was doing and the many stars khan was not this wonderful guy basically he was just throwing money at the problem and doing bailout after bailout as opposed to the hard hair cuts that have to be made i mean we have to restructure these debts that's the only way that the european peripheral countries are going to be able to get out of this hole that they're in because the central planners are not restructuring and that's they're simply foisting more debt onto the bonfire that should these countries simply be fall you know you know they shouldn't just be felt they should we negotiate and k. care cuts and do what you normally do in a sensible. old debt restructuring situation i mean if you have a creditor who recognizes that the money that they are owed is not going to be paid back in seoul so the smart thing is for the creditor to sit down at the negotiating table and restructure to use debts but not to question the debt or to the wall to to solve i mean what's the point if that doesn't help anybody and hurts everybody w

global economy with mikes concert for a no holds barred look at the global financial headlines tune into khan's report on or keep. the issues free cretaceous free. for charges free. trade terms three risk free stews free. download free broadcast quality videos for your media project and a free media don carty dot com. you can. still. welcome back across town people about to mind you were talking about the prospects for the arab awakening. ok alan i'd like to go to you and let me switch gears a little bit let's take a look at libya it seems very likely it's only a matter of time that that nato will finally get rid of mr gadhafi in libya and will that be called a success for democracy because it will be nato as a victory quote unquote and not people's in his honor president it should be said about how to bring democracy to the arab world. well i think you're right that if i cut off the leaves that nato will declare this a successful humanitarian intervention a successful democratization campaign but it doesn't mean that either of those things is true it's my contention and i think it's clear from

economic perspective so she's going to do what dominique strauss kahn was doing and the many stars khan was not this wonderful guy basically he was just throwing money at the problem and doing. bailout after bailout as opposed to the hard hair cuts that have to be made i mean we have to restructure these debts that's the only way that the european peripheral countries are going to be able to get out of this so that they're in because the central planners are not restructuring and that they're simply foisting more debt onto the bonfire of debt cities countries simply fall no you know they shouldn't use default they should we negotiate and take her cuts and do what you normally do in a sensible debt restructuring situation i mean if you have a creditor who recognizes that the money that they are owed is not going to be paid back in seoul then the smart thing is for the creditor to sit down at the negotiating table and restructure these debts but not to question the debt or to the wall to default i mean what's the point of that doesn't help anybody and hurts everybody now who is going to n

happening to the global economy with much stronger no holds barred look at the global financial headlines khans report. but can they load a show or look at the real headlines with none of them or see i can live in washington d.c. and also be able to take a closer look at the situation in libya the u.s. has passed its sixty day mark by about twelve days now congress still hasn't voted on it and there's an extra extension coming from nato so let's stop playing the numbers game and ask if anybody out there wants this war to come to one at the next where our politicians priorities are voting on bills for defense spending piracy privacy and yet there's no solution in sight for our struggling economy so what are they going to say to voters when they start asking where the jobs and that has rand paul lost his mind the senator who claims to be a warrior for civil liberties recently stated that anybody who attends radical speech is should be thrown in jail or deported what not only is that a violation of the first amendment but i also would love to know who decides what's considered radical take a close

actually out there and you know it i mean obviously public opinion they often won one thing they want khans been they don't want medicare or any of their domestic programs cut but when it comes to the opinion they think that defense spending is out or excuse me that the wars are more to blame for our deficit than our medicare or social security or those programs that they hold so dear why do i was in a meeting yesterday with a conservative group where one of the conservative members actually stood up and said he would be good to have a trillion dollars we just spent on iraq available to us now so the truth is we have spent a heck of a lot of money that we can't get back and we need to look at what could be reduced now you and i for part about the four are opposed to the special operations special operations are for the most part very inexpensive compared to large land armies which occupy huge territories right now we're talking about five hundred thousand dollars per person per year in afghanistan so every person you see there that's five hundred thousand dollars and what has been the in th

coming up later, 8:25, we'll speak with hani khan of the shock of being fired by abercrombie and fitch. her lawyer also joins us. she is suing the company. >> our question of the day, should a muslim worker be fired for refusing to take off a head scarf for religious reasons. >> send us an e-mail, tweet, tell us on facebook. we've tweeted it so you can respond. we'll read your comments throughout the morning. >>> since 2006, there won't be a williams in the women's quarter finals at whimble son. serena and venus were elimited in the fourth round. serena was beaten in three sets by marion bartoli and france and venus lost to pir rin cova. the williams' sisters won nine of the last 11 titles. the top seeded men's player rafael nadal suffered a foot injury leaving questions about his health for the quarterfinal match and prince william and his bride were watching the action from the royal box at cen trey court. >> i couldn't believe it when i saw it in an e-mail they had been knocked out. that was incredible. >> since 2006 that there will not be a williams. >> i wonder about their parents

strauss-khan is expected to plead not guilty to sexually assaulting a maid in new york city. his lawyers are expected to argue police did not follow proper procedure when they yanked him off a plane and arrested him. right now, he's on house arrest after posting $6 million bail. at 11:00 eastern time this morning, former pennsylvania senator rick santorum is expected to officially announce that he's also running for president. he'll be in iowa tomorrow, new hampshire on wednesday. two early battleground states where he's been struggling in the early polling. in april, santorum actually won the g.o.p. straw poll in south carolina but since then, he's been largely overshadowed by other republicans in the race and those are your headlines. >> meanwhile, when it comes to politics right now, the thing that overshadows everything is the economy and we're going to talk to dana perino about that topic this morning. >> when? >> right now as she joins us from our nation's capital. good morning to you. >> good morning. great to see you. >> you understand better than anybody else that so

this is usually what happens dominique strauss khan was read the charges. he entered a not guilty plea and tuesday in a strong voice from what we understand. he left and the next hearing date is in mid-july, about six weeks from now. there is no telling when a trial in this case could begin. you mentioned that he was sort of heckled as he walked in by a group of protesters. they were about 100 to 150 hotel maids. housekeepers in new york city who came here to support the alleged victim. they screamed shame on you as he walked in and again as he walked out. i was watching his face and he did look over and notice them for a second and kept looking straight ahead. he was arm in arm with his wife. you can see in the video, one other interesting note from court, the lawyer for the alleged victim the hotel maid in time square said she plans on testifying at the trial and moving ahead in any beings that the defense team made that this was consensual is off base and ridiculous. >> jeff, thanks. appreciate it. new hope for people suffering for breast and ovarian can

. >> a chinese leader carl khan is fighting to block that bill which he calls misguided. basketball star yao ming has launched a new psa speaking out against shark fin soup. >>> 5:48. here's some advice if you are trying to lose weight. >> turns out it's not all about portion size apparently. a new study suggests snacking may be the reason for all the weight gain out there. nutrition professor says food advertisements keep us snacking throughout the day even if we're not hungry. he suggests just eating three meals a day and if you're going to snack, grab an apple and vegetables, cool it on the cheetos, i guess. >> and the doughnuts. >> yeah. that's a killer. >>> thieves target facebook. the hot ticket items stolen from their future home. >> the british are coming! how will and kate will spend their first day in north america. >>> we have a list of 4th of july celebrations on our website. just go to cbssf.com/4th. ee it. [ female announcer ] gold bond ultimate healing foot cream. 7 penetrating moisturizers and vitamins, 'cause foot skin's 20 times thicker. mind! thieves ar

. >>> court hearing for dominique strauss-khan expected to plead not guilty to charges of sexually assaulting a hotel maid, he resigned from his imf post last month. >>> another republican has entered the race for president, former pennsylvania rick santorum formally announced his candidacy. he has enjoyed support from social conserve ties because of his opposition to gay marriage, abortion and embryonic stem cell research. >>> a popular attraction as backyard birthday parties is now coming under scrutiny after a spate of recent accidents. john yang has the story. >> oh my god. >> reporter: it was a terrifying sight caught on cell phone video. three inflated bounce houses, or moon walks, picked up by the wind at a long island soccer tournament and tossed through the air with kids playing inside. >> stay here. >> kids were being knocked over and they were just kids lying everywhere. >> reporter: lara ratigan was waiting to go in when they got tangled if a rope anchoring the houses. one cartwheeled along the ground. >> everyone ran over, jumped on top of them. >> reporter: police said 13 people

tanks and troops surrounded khan sheikhoun and maarat al- numaan. human rights activists reported hundreds of men and boys over the age of 16 were being detained. meanwhile, some 9,000 syrians were waiting in refugee camps, just inside turkey. many people who fled the violence said they do not trust their government's assurances that it is safe to return home. more than 200 militants from afghanistan attacked a village inside northeastern pakistan today killing five people and kidnapping 20 others. it was the second such cross- border raid in recent weeks. separately, pakistani army chief ashfaq kayani was reported to be struggling to save his job. the general has come under pressure from his colleagues, since the u.s. raid that killed osama bin laden. vancouver, canada began cleaning up today and trying to explain the rioting that erupted after their ice hockey team, the canucks lost the stanley cup last night. violence erupted when the boston bruins won game seven of the title series. crowds set fires, looted stores and fought with police in downt

tanks and troops surrounded khan sheikhoun and maarat al- numaan. human rights activists reported hundreds of men and boys over the age of 16 were being detained. meanwhile, some 9,000 syrians were waiting in refugee camps, just inside turkey. many people who fled the violence said they do not trust their government's assurances that it is safe to return home. more than 200 militants from afghanistan attacked a village inside northeastern pakistan today killing five people and kidnapping 20 others. it was the second such cro- border raid in recent weeks. separately, pakistani army chief ashfaq kayani was reported to be struggling to save his job. the general has come under pressure from his colleagues, since the u.s. raid that killed osama bin laden. vancouver, canada began cleaning up today and trying to explain the rioting that erupted after their ice hockey team, the canucks lost the stanley cup last night. violence erupted when the boston bruins won game seven of the title series. crowds set fires, looted stores and fought with police in downtow

dominique strauss-khan or dsq was a -- accompanied by his wife and he said he was not guilty. his lawyers are arguing the event in the hotel was consensual. >>> austin gools by, the chairman of the economic advisors will step down this summer. he's going to return to his teaching job at the university of chicago. this departure comes ate difficult time for the administration as the economic recovery is slowing. >>> the white house also preparing an extravagant dinner tonight for the leader -- of germany. and president obama took her to dinner at 1798 restaurant in georgetown last night. >>> and after discussing the global economy, the president will award her with the presidential medal of freedom during a formal dinner tonight. >>> 11 minutes after 7:00 now. it's 69 degrees this tuesday morning. and continued problem for metro and its escalator service. what the transit agency has planned to tackle the problem and where service stands this morning. that's next. >>> and plus a big announcement from apple that will change the way you access your music. that is also coming up. [

khan who proliferated his nuclear capability to syria, north korea, iran, pakistan has nuclear weapons, so the idea that if they precourt required by law under the national defense authorization act and the intelligence reform and terrorism prevention act would not include information about the proliferation of weapons of mass destruction to me it is a woefully inadequate report and a resolution today the issue is weapons of mass destruction do they have whether it be chemical weapons, 10,000 man pads, and so i would ask that all three agencies represented here today but dhs, department of state and department of defense who are compliant with the law and update these reports and more comprehensive way as soon as possible so congress can do its job for the american people. the altar of a job is to protect the american people. and without that information we can adequately do our job, so i would ask you go back to your boss and tell them we needed that information as soon as possible. with that we will go and dismiss this panel of witnesses and i want to thank you for your testimony and

pres businesses khan and the way thatffices works mr. president is there's a regional office is about six of f them and they get funded throughhrough her appropriations committee to the commerce department and at least each region makes the decision as to which project to really meet the goal of thec legislation which is to bring economic development to the distressed areas create jobs and leverage the dollars. so in addition to this, the eda in 08 we gave them an extraas ter 500 million of disasterreas whic assistance to give to areas disas which were experiencing aed disaster problems come and they assumed the role of a secondaryer responder working with the to affected communities to support long-term post disaster anxample rebuilding. an example of that again, backo in iowa, they provided funding to help inspect and install an upgraded energy-efficient natural gas-fired systemthe er following a flood that destroyed the boiler that had provided lu ke steam heat and water to in e st. luke's hospital in college.n a we know what happens

. >>> court hearing for dominique strauss-khan expected to plead not guilty to charges of sexually assaulting a hotel maid. he resigned from his imf post last month. >>> another republican has entered the race for president. former pennsylvania rick santorum formally announced his candidacy. the 53-year-old has enjoyed support from social conservatives because of his opposition to gay marriage, abortion and embryonic stem cell research. >>> a popular attraction as backyard birthday parties is now coming under scrutiny after a spate of recent accidents. nbc's john yang has the story. >> oh, my god! >> reporter: it was a terrifying sight caught on cell phone video. three inflated bounce houses, or moon walks, picked up by the wind at a long island soccer tournament and tossed through the air with kids playing inside. >> stay here, girls. stay >> kids were being knocked over here. stay here. >> where is my daughter? and they were just kids lying everywhere. >> reporter: lara ratigan was waiting in line to go in when she got tangled in a rope anchoring the houses. one cartwheeled along the ground