campaign if the country had a sustained discussion around these ideas. then the election would produce a mandate to prove move in one these directions. i think obama has the stronger case. we do need a tax and regulatory structure that creates strong incentives for private businesses to flourish. the thing is, we already have one. the world economic forum's 2011-2012 global competitiveness report ranks the united states number five in the world and number one among large economies. whether compared with our own past of, say, 30 years ago, or other countries around the world, the united states has become more business friendly, not less over the last 30 years. america is worse off than it was 30 years ago in infrastructure, education, research. the country spends much less as a percent of gdp on infrastructure, research, development, education and training than it did in the 1906s, '70s and '80s. half as much on r&d than 1960. the result is, we're falling behind fast. in 2001, the world economic forum ranked the u.s. infrastructure as second in the world. in the latest report, we're 24th. in the 1970s, america led the world in the number of college graduates. as of 2009, we were 14th among the country's tracked by the oecd. in other words, the great shift in the u.s. economy over the past 30 years has not been an increase in taxes and regulation, but rather a decline in investment, in human and physical capital. president obama has real facts on his side. which makes it somewhat depressing that his campaign has focused on half truths. let's get started. steve rattner was one of the founders of the quadrangle group, a firm that once managed $6 billion in assets. more recently rattner was, of course, the obama administration's car czar, tasked with fisking the u.s. auto industry in the wake of the financial crisis. so he's somewhat a defender of private equity and somewhat a defender of president obama, a unique position to be in these days. i wanted to ask him about the realities of private equity. welcome back. >> thank you for having me, fareed. >> let's talk about private equity. there are people who say that the attacks on him are legitimate because private equity is quite different from just being engaged in business. jacob wiseburg has a piece in slate about this. this is money made through financial engineering, the companies, private equity companies often buy a company, then load it up with a lot of debt. use that debt to pay themselves fees, maybe the company then does well, maybe it doesn't, but they enrich themselves regardless of whether the company they bought does well. is that fair? >> so, like so many things in life, the truth lies somewhere in between. there are some very commendable aspects of private equity. i think private equity has made a serious major contribution to sharpening up management in this country by going in and saying, we just care about the bottom line, we want this company to be run efficiently. we don't care about your corporate jets are going to go. all this kind of stuff. i think they had a real impact. that's one side of private equity. on the other side, there is a fair amount of financial engineering involved. sometimes private equity guys do what you alluded to, they put so much debt on so they can take money back out and realize return on their investment and sometimes later, not every time, of course, the company goes bankrupt and they end up -- the private equity guys end up making money, employees lose their jobs, the investors lose their money. but private equity, by and large, is a perfectly legitimate business exercise. what it is not is a practice of creating jobs. where i part companies with governor romney is where he starts to claim credit for creating all these jobs. that's not what private equity does. private equity makes money. it makes profits in a very -- in a legal and usually responsible way. but it is not a job creation. it doesn't qualify you to be the job creator in chief. >> what about the outsourcing? it does seem to me that over the last 20 years one -- i don't want to say trick, but one simple mechanism that companies have used, companies like general electric, but also private equity firms, when they go in, is to say, what part of this business could be done in china, in india, in the philippines, at a fraction of the cost. let's shut down the plant in kentucky, let's move it to china. and that critique, which is of the heart of the issue about bain capital from the point of view of the obama campaign seems to be one that resonates. is it fair? >> yes. it is fair in the sense that every company in america or for that matter every part of the world, they're tasked with looking at their costs and always say to themselves, is there a way to lower our costs. you better than many -- if not everybody in the world knows we're living in a global world. and companies have to produce efficiently in order to compete. if you don't have the lowest costs you will simply fail in the marketplace. so i'm sure bain is being very good at what they did. they said how can we do this more cheaply. if it means call centers in india or manufacturing in china, so be it. that was their job. >> you know the word of private equity inside and out. you also understand issues relating to s.e.c. documents, probably better than most. what do you think happened? why is it that when mitt romney left the bain capital to manage the olympics, bain kept filing s.e.c. documents for several years, for three years, with him listed as sole stockholder, chairman, chief executive and president? >> of course, we don't know. i think one of the problems here is that governor romney has created a level of opacity around his affairs that has led everyone to assume the worst. which i think is politically stupid because what else can you think when he doesn't tell you actually what happened. one hypothesis i hear in private equity circles that resonates with me is a possibility is first, when he left to go to the pb olympics, he didn't know how long he was going for. he left kind of instantaneously. there was no succession planning that seemed to be in place at bain. so no clear idea when was going to succeed him. and so they couldn't really file something else until they figured out who was going to succeed him and that apparently -- it is not unusual, that that took some time. and so it sort of drifted along. they just kept filing what they were filing before because they didn't have anything else to file and that's where it stood. >> what about the tax returns? is there something there that should worry americans? >> taxes are as much a science. what americans will find he is pushed the envelope to the edge. he did stuff that ordinary americans won't be able to relate to, the $100 million i.r.a., $100 million in trust for his kids which he will pay no estate taxes, but where he's -- through a complicated mechanism, he's put more and more into the trusts as the years go on. i think it is going to make americans recoil. that's why i think he's not releasing those returns. >> do you understand why you would need a swiss bank account? >> i understand the nature of offshore vehicles and why much of this occurs offshore. it has to do, like all of this, with taxes, not so much taxes for romney, in some cases, but taxes for his investors with a collateral benefit for him. so, yeah, there are, again, if you say to your tax people, as he seems to have done, i want every trick in the book, i want to push this to the edge, i will tell you as a private equity guy, i'm familiar with many of the things that he did, and i know many people who have done many of the things he did, i do not know anyone who did everything that he did. and some of what he did, like the i.r.a., i've asked fellow private equity guys, none of us had even known this was a possible trick, if you will. so he's pushed the envelope all the way to the edge to his benefit and i think americans would find that very distasteful. >> and that's the i.r.a. that is currently valued at about -- >> $100 million. some of this money offshore is deering deferring taxes on until he brings it home. the government is giving him an interest free loan on all the deferred taxes at the expense of the federal budget in effect. >> and to the extent that this does rise to a larger issue as written in the washington post, the reason it is worth talking about is that it shows that people mitt romney and you have access to advice, mechanisms, strategies, to build wealth that really ordinary americans don't have access to and that when you couple that with his agenda, which is to cut taxes further for those people, it gets to the heart of this idea that there are two americas, one for the very, very, very rich and one for everyone else. >> i think that's precisely the point. i must say i'm ashamed of myself in a sense for not seeing it as clearly in the years when i was a private equity guy, frankly having access to some of these tax management, shall we say, mechanisms, but when you step back and look at this whole picture, when you see are two americas. one where mitt romney can do all these things, not because he has good advice, but because the nature of his business allows him to have $100 million i.r.a. it is not just because you're rich, you don't necessarily have it. but the nature of his business allowed it. real estate guys, oil and gas guys, certain industries lend themselves to tax management as i said before, that is very effective. the result is two americas. so you can find plenty of rich guys out there who are paying 35% of their income in taxes without even though they have great advice on all that because they don't have the right kind of income, not in the rind business, but the point is there are two americas and i think that is not where this country should be. >> steve rattner, pleasure to have you on. >> thanks for having me. up next what is going to happen next in europe? don't forget, there is a big crisis there as well. some historical perspective from the great historian niall ferguson. 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do we have any historical example? >> hard to do. one reason it hasn't happened yet is this is much harder than leaving an exchange rate mechanism what the europeans used to have or a gold standard, which we had up until the 1930s. because it is not just about the bank notes and the coins. those would have to be changed. much more importantly, it is about what is in the banks because most money is, in fact, in bank accounts rather than in people's pockets. >> in digital form. >> exactly. what you would be talking about is an announcement presumably on a sunday night, along the lines of news just in, those euros that you have in your bank from tomorrow will be drachma, they'll be a little bit of a teething problem because the atms won't work for a few days, while we get the drachmas into place. don't panic. there will be a bank holiday until thursday. think what that would do, not only in greece, where there would be pandemonium, there would be pandemonium throughout europe because if country leaves, this is an argument which i heard again and again traveling through europe over the past few months, if one country leaves, the question is who is next. so for one country to leave just wouldn't be hugely disruptive to its banking system, it would be disruptive to the entire european banking system. >> if it would happen, presumably the argument would be mechanically, all those bank accounts where you have euros have been digitally converted to drachmas, but the bank notes will have to be restamped or something like that and in a currency collapse, they have people come in with the old money and stamp on it this romanian money. >> that's exactly what happened. we have come a long way since then, much less money is in the form of bank notes, much more is in bank accounts. it is not just about converting the notes and coins, that is doable, though clunky and difficult, the big problem is what you do with outstanding debts. does it go from being a euro debt to being a drachma debt and at what rate? because everything hinges on the drachma being a weak currency. the idea behind doing this is to help the greek side with a devaluation. from the point of viewowes mone would be christmas coming early because the debts would be worth a whole lot less. from the creditors' point of view, it would be disaster. it is not just disruptive in terms of payment, it is hugely disruptive between creditors and debtors. we haven't got on to the cross border debts, the money that greeks owe to other europeans. would that stay in euros or would that become drachmas? it is a can of worms passed with pandora's box at this point. >> i rarely heard you mix metaphors before. >> it deserves it. it really does. >> let's talk about the part that seems really scary, the pillover, so the problem is that this happens in greece and all of a sudden people look around and say, wait a minute, maybe not all euros are created equal. and i'm just going to be safe. i'm going to put my money in the one country that isn't going to defect and that's germany. is that what you -- is that your fear? >> we have already seen tendencies of this kind. i was in barcelona a few weeks ago. everybody from the taxi driver who picked me up at the airport to my editor was asking me, should i move my money out of a spanish bank and into a german bank? that's an option. it is not easy to do. it vof it involves a certain amount of hassle. the moment people fear that tomorrow the euros are going to be in the spanish case, they think i would rather have something that is a deutschemark the day after tomorrow. what we saw last month is people moving their money out of spanish banks and into german banks. it wasn't a fully fledged bank run. some called it a bank jog because it didn't reach epidemic proportions and there weren't lines in the street. the fact it could happen is i think one reason why this hasn't yet taken place. it wasn't so much that the germans relented and said, you know, okay, we'll cut the greeks one more break. it was more that it was explained to the german government, look, if you kick the greeks out or get them to kick themselves out, there is going to be a contagion effect that will go straight around the mediterranean, will come to spain, and could ultimately end up affecting france too. and that, i think, is the reason why this monetary union is hanging together because the cost of dismantling it is incredibly high. >> president obama is watching all this. and clearly the single most important factor in the last three months in terms of the weakening of the u.s. economy must be the slowdown in europe, the fears that come out of europe. are they going to abate in the next four to five months as we approach the u.s. election? are we going to see more of the same and perhaps a little bit more crisis? >> luckily europeans take very long summer holidays. and not much is going to happen that will be news worthy, i suspect, between now and labor day. on the other hand, the uncertainty will linger on during the dog days of summer. let's not forget the fiscal cliff that the united states is heading towards regardless of the european crisis. the macro economic outlook is not great for president obama. it is very hard to believe that anything is going to happen in europe that is going to improve matters before november, and that's why, of course, he's beating up on mitt romney's career in private equity, in the desperate hope of distracting american voters from the reality that the u.s. economy is slowing down and the world economy is slowing down. >> niall ferguson, as always, pleasure to have you on. we'll be back. i don't spend money on gasoline. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ [ female announcer ] new roc® retinol correxion max. the power of roc® retinol is intensified with a serum. it's proven to be 4x better at smoothing lines and deep wrinkles than professional treatments. roc® max for maximum results. and deep wrinkles than professional treatments. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. i was struck last week to hear that the city of san bernardino, california, is declaring bankruptcy. it follows similar moves in the past month by mammoth lakes and stockton, also in california, before them it was central falls, rhode island, jefferson county, alabama, harrisburg, pennsylvania, the list continues. what in the world is going on? companies go bankrupt all the time. but what happens when a city goes under? in reality, the two aren't that different. companies file for what is known as chapter 11, a provision which enables them to renegotiate deals to downsize, to fire people. but filing chapter 11 also gives them the option of liquidating or breaking up. that would be essentially impossible for a city. it also happens to be unconstitutional. cities go for chapter nine. now, naturally we assume all bankruptcies are a bad thing. they're y they're humiliating, they impact business. the situation is far from ideal. it is not without its benefits. take for example san debernardi. its creditors, workers and retirees were unwilling to help out. >> may i have your votes please. >> the best the unions were able to do is offer what they thought was a major concession, allowing newly hired public safety workers to retire with 90% of their salary at the age of 55 instead of 50 which had been the earlier deal. that won't work in a chapter nine bankruptcy. an independent judge brings all parties to a table where an agreement has to be reached. no matter how you painful. and we need some of those painful decisions. not just at the federal level, but at local and state levels as well. at its heart, the bankruptcies you keep hearing about these days are not about taxes being too low or spending on city services being too high. they're about pensions. california's pension related costs rose 20 fold in the decade since 1999. this frightening trend is true almost everywhere in america. and it is simply not sustainable. a recent pew you research survey found the gap between state a t assets and retirement benefits is $1.38 trillion. it rose by 9% in 2010 alone. and it will likely keep rising until these obligations are renegotiated. the truth is america is sacrificing its future to pay for its past, to keep up with burgeoning pensions, states and cities are slashing services. it is also feeding into the unemployment problem. state and local governments have 445,000 fewer workers today than in 2007. even if you exclude teachers from that number, we have 231,000 fewer workers. for decades new, local governments have doled out patronage by increasing pension benefits. these costs impact the budget only years later when the officials who have given them have safely retired themselves. we're now having to reckon with those choices. i'm not saying bankruptcies are a good thing, but they are a mechanism that allows us to admit an emergency and renegotiate the deals that are bankrupting the country. up next, the man who was ousted this year from the presidency of asia's smallest country, the maldives. it is a fascinating story. who dreamed she could fly. there were the doubters... the non-believers, the "no-way you can do it'ers." ♪ but like others that braved the sky before her, it took a mighty machine, brilliant ingenuity... ♪ ...and plain old stubbornness to go where no fifth grader had gone before. ♪ ♪ and she flew and she soared above the school yard, and even over that eliza jones, and beyond. my name is annie and i'm the girl who dreamed she could fly. powered by intel core processors. ♪ to your kids' wet skin. neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. agents, say hello to the biggest hailstone in u.s. history. oh, that will leave a dent. which is exactly why we educate people... about comprehensive coverage. yep. the right choice now can pay off later. looks like a bowling ball. yeah. oh! agents, say hello to the second-biggest hailstone in u.s. history. [ announcer ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ hello, i'm fredricka whitfield with a top of our top stories. residents of aurora, colorado, and officials gather at a memorial service for the 2 peop -- 12 people that were killed in the mass shooting. nine are in critical condition. president barack obama is heading to colorado in the next hour. he'll be meeting with the shooting victims and their families. the accused gunman, 24-year-old james holmes, will make his first court appearance tomorrow. this weekend, bomb squads cleared his booby trapped apartment of all explosives. police say holmes left a trail of evidence in his home. it is being sent to an fbi lab in quantico, virginia. they say the evidence suggests holmes may have been planning the attack for months. an iconic statue honoring the late penn state football coach joe paterno is gone. it came under fire following a report on penn state and the jerry sandusky sex abuse scandal. the ncaa says it will hold a press conference tomorrow morning to announce sanctions against the university. coming up at 2:00 eastern time today, i'll talk to a colorado representative who has some ideas as to why shooting suspect james holmes was able to allegedly plot this massacre without notice. now back to "fareed zakaria gps". >> cairo's tahrir square was the iconic epicenter of the arab spring. for weeks now, demonstrators in asia have been gathering in what is known as republican square in the maldives. that tiny island nation is also perhaps the most vulnerable country in the world to climate change since it sits just a few feet above sea level. the country has been in turmoil since february when its president resigned, but that man, mohamed nasheed said he did not resign, he was ousted. i spoke to him recently. you came to worldwide attention at the copenhagen conference because you -- you really tried to get them to do something about climate change and some people argue that your speech in copenhagen was crucial to actually getting some kind of agreement. why did you feel so strongly on the issue? >> climate change is a real issue that is happening in the maldives. it is not something in the future. we are just 1.5 meters above the sea level and even a slight change in sea levels have a huge impact on the maldives. the predicted rises in sea levels will be disastrous for us. we have a written history that goes back 2,000 years and we have been, as a country, as a civilization for a very, very long time. and we just can't disappear. we must be around and we have to do whatever it takes to see that there are solutions to the issue of climate change. >> one of the strategies people urge sometimes is to say, look, you're trying to get essentially unworkable strategy, asking all the countries in the world, china and india, to agree to reducing their cash berbon emis, there is too much poverty in those countries, they want to grow. so it is a worthy cause, but it is just not going to happen. >> we are also asking for more renewable energy. not just simply asking countries to limit and cut down on development. the 350 million indians who need electricity will not -- we're not asking for instance developing countries not to provide them with electricity. but we are asking them to invest in renewable sources and that is available. the maldives, for what it is, has come up with an investment plan or rather a carbon neutral plan. and we think that this is financially viable. and this is technologically feasible. so beyond asking people to go for green investments and more green jobs, we feel that this fossil fuel technology is obsolete, been around for too long and if you want to be the leaders of tomorrow, you have to embrace the future. >> so tell me about what is going on in your country outside of our global warming. you were ousted in what was effectively a coup, correct? >> yes, we had our first multiparty elections in 2008. and when i was able to -- really fortunate to have been elected at that time. we beat the dictatorship that has been running in the country for 30 years. president gaun was president for 30 years. we had our first multiparty elections and then 3 1/2 years into the democratic rule, president gaun has been able to come back. they staged a coup. th they overthrew us and they are going back to business as usual. all his children are back in the cabinet, all of his associates, his cronies and friends have been in power. also, when we fought the elections, we first -- the islamic radicals, they were -- they contested the elections and we were able to beat them in the presidential elections. but now after the coup, they have three positions in the cabinet, they're calling the shots in the military and they're busy giving all the sermons to the military. >> what are the prospects of something changing and the democracy being restored in the maldives? >> we're working very hard. the people of the maldives are out on the streets, demonstrating every day. this has been going on for the last four months now. we hope that bigger democracies both in india and the united states would come around to the idea that democracy must be restored in the maldives. the people of the maldives must be governed by elected rulers, not a government formed through brutal force and the dictatorship. >> that was mohamed nasheed from the maldives. up next, a neat trick we tried on set. it taught me some important secrets about the human brain. don't miss this. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. just two aleve can keep pain away all day. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. the human brain has deciphered some of the mysteries of the universe. one of the few remaining mysteries of science is the brain itself. how does it work? v.s. ramachandran is here to shed some light on that. he's been named among time magazine's most influential people in the world. he is a psychology and you're n neurosciences professor and author of "the telltale brain," a neurosciencist's quest for what makes us human. welcome. >> thank you. >> what is the brain? >> it is an organ like any other organ, but here is this three-pound mass of flesh consistency of tofu sitting in your cranial wall, you can hold it in the palm of your hand, a lump of jelly, but can contemplate the vastness of space, the meaning of infinity, think about love, childhood, ask questions about god and the meaning of existence, ask questions about itself, who am i, who is doing the thinking, who is doing the asking of these questions? >> one thing you say in your book is the way we learn about the brain, how it functions is when it doesn't function, by studying damaged brains. the brain seems so delicate, you know. is it possible to actually go in and fix it? >> not yet. but that's the idea that first you need to understand the functions and structure of an organ before you attempt to fix dysfunction. for example, one of the things we have been looking at is phantom limb and phantom pain. if an arm is amputated, what you find is the person continues to vividly feel the presence of their missing arm. this is called a phantom limb, known for hundreds of years. we have seen there are brain changes in the patients after losing an arm. the arm is lost, you touch the patient's face, you feel the sensation on his face and in the missing phantom arm. why would a patient with a phantom limb feel it in a touch of a face? >> we did an experiment to show how these things can actually help heal some of the pain. so professor, tell me what exactly i'm supposed to do here. >> this is a demonstration of the mirror visual feedback technique. usually it comes in a big cardboard box. i'll demonstrate it using this prop on the table. let's pretend for the sake of argument you're the patient. your left arm is a phantom. i want you to put -- >> amputated left arm, doesn't exist, but i still feel as though i have a left arm. >> correct. and it is painful and cramped and in an awkward position. i want you to put your, if i may, your right hand here and the left side, left arm, the phantom arm on the left side of the mirror, hidden from you. you look inside, you get the -- look inside the mirror, you get the impression the phantom is resurrected by the mirror. if you wiggle your fingers -- dt with the two fingers, two hands, you get this odd feeling -- >> yes, if i push my left arm down and right arm up, it is very disorienting. >> if you have a tan fom limb on the left side, you have a real limb, so it is disorienting. you have a phantom limb. it is clinched like that, you say, then clinch your right hand, you are mimicking the posture of the phantom limb. you're looking at it. from the clench position you are not unable to clench the phantom. it is very painful. open your right hand fingers, pretend you are opening phantom fingers. instantly many patients the spasm is released and phantom opens itself and the pain goes away. there have been clinical trials on this and found that it works in many patients. >> you are almost psychologically making the physical pain disappear. >> it's not psychological in the sense, you need visual feedback. it is a real perceptual physiological process, mechanism in the brain. >> it is fascinating. at the very least, this is going to to and great party trick. >> so this technique is used often in healing patients with amputations and things like that? >> what happens is if you're missing an arm, the missing arm is clinched in an awkward position often excruciatingly painful. you put a mirror there as you did, look at the reflection of your normal hand, you rez rektd the family tomorrow visually. move the hand and the phantom feels like it is moving for the first time in decades. it relieves the phantom cramp of having real pain. >> does that mean that pain is essentially psycho somatic, that -- that even what seems like very searing physical pain is something in the mind that you can trick the mind to stop thinking -- just stop feeling pain? >> that's correct. there is an astonishing degree of interaction between reaccept tors and periphery, skin and bones and flesh and your brain centers that are processing brain signals. >> professor, pleasure to have you on. we will be back. as you can clearly see from this attractive graph that our sales have increased by... sorry, my liege. honestly. our sales have increased by 20%. what is this mystical device i see before me? it's an ultrabook. he signed the purchase order. with an ultrabook, everything else seems old fashioned. introducing the ultra sleek, ultra responsive ultrabook. a whole new class of computers powered by intel. it'll cause cavities, bad breath. patients will try and deal with it by drinking water. water will work for a few seconds but if you're not drinking it, it's going to get dry again. i recommend biotene. all the biotene products like the oral rinse...the sprays have enzymes in them. the whole formulation just works very well. it leaves the mouth feeling fresh. if i'm happy with the results and my patients are happy with the results, i don't need to look any farther. gold will be in abundance in london in coming weeks, not just at the tower of london where the queen's jules are kept, but also the olympic venues. that brings me to my question of the week -- how much is the price of gold risen since the 2008 olympics in beijing? a, 25%. b, 58%. c, 90%. d, 150%. stay tuned. we'll tell you the correct answer. go to cnn.com/fareed for more of the gps challenge. also, remember, if you miss a show or one of our specials, go to itunes.com/fareed and you can buy it. this week's "book of the week" is "the sense of an ending" by julian barnes. it is a story of an elderly man reflecting on his life. it is a short, but very deep, novel. beautifully written, full of insights and wisdom. a short book that makes a big impact. it won one of the most prestigious book awards in the world. now for the last look. take a look at this video. it reportedly shows a variable stampede for chickens in iran. you see chicken prices have skyrocketed there in recent months and because of scenes like this, the iranian people may have just had their last look at images of chickens. the nation's police chief recently asked broadcasters to stop showing images of chickens because such images might inspire the poor to take knives and fight the rich. now since we have a free press and no chicken price problems here, with no further ado, my favorite chicken images. how can we start anywhere but the chicken dance? ♪ >> then there is, of course, the san diego chicken. ♪ >> little jerry, kramer's chicken on seinfeld. >> is that your chicken making owl that noise? >> oh, jerry loves the morning. >> one of my kids' favorite movies -- "chicken run." >> no chicken escapes from tweedy's farm! >> we've got to get out of here. >> you see? the sky won't fall if we show a little chicken. >> the sky is falling! the sky is falling! >> the correct answer to our gps challenge question was, c. since the beijing olympics, gold prices are up an astonishing 90%. now you might think that michael phelps with his eight golds in beijing would be laughing all the way to the bank, but it turns out that olympic gold medals are made with less than 2% gold. thanks to all of you for being part of my program this week. i will see you next week. hello, everyone. you're in the "cnn newsroom." i'm fredricka whitfield. aurora, colorado, a community struggling to come to grips with the horrifying act of violence. deadly shooting rampage at a local theater. this is a live picture right now from andrews air force base. president of the united states will soon be heading to colorado, meeting with the victims and their families. tonight the community in aurora will come together to memorialize the 12 lives lost in that rampage. today people are seeking comfort and support at morning church services. cnn's kyung lah is live in aurora. you've been hearing some very incredible stories from people who survived the rampage. how are they dealing with today? is it any easier? >> reporter: certainly not. we're only talking about a short period of time that's passed since that rampage happened. i've been speaking to patients in the hospitals, family members, their relatives, their friends, and they are telling stories that are horrific. they are all traumatized. i can tell you that within these terrible stories were also remarkable stories of survival and bravery. >> my mind was completely clear of what's going on. it's like, guys, he has a gun, he's shooting at people, stay down and it is the best chance we have. >> reporter: the second thought for josh nolan -- protect his friends. the 31-year-old navy veteran deployed to iraq twice threw himself on top of his friends, newlyweds brandon and denise axelrod. dozens of bullets tore through the air, one ripped through h