protestors could turn into a civil war. they have bear cased in bangkok s district many among thailand s poor and working class. they support the prime minister who was ousted. tomorrow they will be discussing the crisis. gregg: they are bracing for a new round of severe weather after the outbreak of tornados that ripped through central arkansas. new fears more twisters are coming. chief meteorologist rick riechmuth is standing by live in the extreme weather center. gregg, i guarantee we re going to see more tornado tonight. this is a tornado watch box we ve been watching the last couple of hours, in effect until 4:00 p.m. a new one has been issued behind us. storms are moving west to east which they do, but enough of the heating of the day. some are breaking through and allowing things to be very unstable as a new tornado box is
fortunately, the warning system worked. take offs and landings were headlight halted and there was no airplane crash like there would have been before the micro burst warning system was in effect. gregg: now let s move to hurricanes and obviously the most costly and among the deadliest was katrina. could have been a lot worse absent warnings? no question. i believe, based on my research, that the warning system saved about 20,000 lives in katrina. in fact, just a few months before hurricane katrina, was a exercise of emergency officials called the hurricane pam exercise, and they planned for 40,000 deaths around new orleans in the event of an unwarranted hurricane. now, of course, katrina was very well warned by meteorologists and so we believe we saved 20,000 lives. most of the people who lost their lives in katrina lost it in the aftermath when emergency
admiral allen. what we didn t have up in alaska is we didn t have the new technology that we have today like global hawk, which is unmanned aerial vehicle, we used them in iraq and afghanistan. it can be up at 60,000 feet and it can continuously track the oil path, where the slick is going with its infrared, with the elect tree optical or radar, plus the other activities. what the u.s. government is going to find again is that they need to have evidence and they need to have facts. i would put a global hawk up there 24/7 so you have a continuous input both to the unseen on scene commander and bp as well on what the environment is like, where the oil slick is moving, what is happening. you need that continuous picture. gregg: general, the rig exploded ten days ago. the leak was recognized within the first 48 hours. we were talking about what a
anyone in goldman sachs to rip anybody off. gregg: if you are diolg it willfully, if you are deceiving willfully. if you design an investment to decline in value, you don t tell your clients that and, indeed, your clients can only profit if it rises in value, isn t that not only a material fact they would want to know but willful intent to deceive? i think that the question is right now, is it criminal or was it just unethical. i think there is a really big difference here. it s really too early to know. did goldman sachs not tell what they should have told to the investors? maybe they didn t, but i think that is unethical. i don t think it s necessary criminal. gregg: the e-mails the employees are trashing the very investment they are selling. my goodness, what deception. it s not deception but maybe
right after he said that, this whole thing with goldman sachs. gregg: it s curious. last question arthur andersen was convicted of crime. you can t be a felon and be an accountant, it would apply to broker-dealers, wouldn t it? it s a political hot potato. eric holder opened up the problems. justice department opens up a lot of probes, but does anybody really think that a serious politician wants to see goldman sachs go down. does anybody remember lehman brothers? gregg: have to interrupt you for opening news. there is news conference down in louisiana. let s take a listen. here in louisiana we re going to do everything we can. we re going to do what it takes