one big question for us to talk about. depending on whose numbers you believe, we have a massive pension underfunding problem in this country. or actually it s not so severe. the rockefeller institute says there s 14 million americans whose pensions are underfunded to the tune of $1 trillion. other people quibble with those numbers and argue and say, you know what, it s very concentrated. it s just a handful of states where there s been corruption, where there s been fiscal mismanagement, where there s been questionable investment deals. the reality, though, we are our brother s keeper. if it s happening in new york or virginia or tennessee or california or my state, new jersey, it s going to affect all of us one way or another. so we really do have to deal with this. and we ve got to talk credibly and honestly about it, without a lot of manipulation of the numbers. let me say one more thing well, you go and i ll go. i was going to say, just picking up on our brother s keeper the
persecuted to want to stand up for it. that s high i m drawn to the gay rights cause as well. but i m wondering if you can tell me, where does most of the pressure come from in the informal to silence gay players and make them feel like they didn t come out? does that pressure come from other players? does it come from coaches, o sp investment deals? in our society as a whole, you know, supposedly if you re gay, you re not as tough as everybody else. so you re playing a sport that s a machismo sport and so you don t want to come out i think it starts early when kids are young, it encourages inclusiveness in sports, go out there and play sports, be healthy, be happy and don t be
london. here are the headlines. this just coming in. operations at the shipwrecked costa concordia is been temporarily halted because the ship is shifting. the captain is under house arrest as he awaits possible charges of manslaughter and abandoning ship. meanwhile, divers are working to remove a second data recorder from the abandoned ship. they recovered more bodies, bringing the death toll to 11. the arab league is set to end its mission this week, but anti-government protests show no sign of epding any time soon in syria. the government has rejected suggestions that arab league peacekeepers should be deployed to syria. in myanmar, some signs of political change. pro democracy leader aung san suu kyi is registered in parliament. she s running in a country that s still largely controlled by its military. those are the headlines from cnn, the world s news leader. i m zain verjee, and world business today starts now beginning with the coverage of a blackout to protest an
economy came out just minutes ago. christine roman has those and then zain verjee looking at reaction to a deal made on the debt crisis and alison kosik at the new york stock exchange where your 401(k) could enjoy a big day. christine, let s go ahead and start with you. before we focus on the big debt deal, if you don t mind, let s talk about what this means. tell us about the economy and the good news we re getting. all right, first of all, gdp. how the economy grew in the most recent quarter. the third quarter. 2.5% kyra. that s twice as fast as it was in the second quarter. it shows you there was a pickup in economic activity in the third quarter. and that is the best in a year. so, kyra, that tells us that the economy is doing a little better, it needs to be better than 2.5%, but that is better than it has done in about a year. that is good news about where the economy is going right now. the overnight deal on the european debt crisis. let s talk about how this has im
our guests are back to tell us what we should know as the news unfolds this week. first, i ll start with you, james polit jeff: of the daily caller and post modern conservative. what should folks know? this is a story the wall street journal has been covering. shadow lending in china is becoming a problem. beijing is trying very hard now, i think a little too late to get on top of this practice. it s a problem not just because banks are lending off the books at different rates and impacts mortgages and housing in china. but also increasingly they re repackaging loans into investment deals to try to get out from regulations to keep inflation under control. the chinese know this is going to become a problem. from my house, i could see this would be a problem in china