convince pam mcconnell and the council ford is winning his battle with booze. and now this from mayor ford as well. he s lost his new talk show ford nation. it pulled in about 100,000 viewers, a record for the station but not enough to keep it on air. he will be, we re told by the station, a regular commentator on the show but for right now, ford nation off the air. kate, chris? maybe one of the first good reactions to the situation we ve seen, cancelling that show. i want to bring in william moyers. he s the author of broken. great it have you with us. thanks for having me on. when you look at rob ford, for all the lampooning and the talk about the political intrigue, what do you see? well, i see a man who you
0 are on board that air ambulance. when it went down off the coast of ft. lauderdale about a mile off. the search stretches ten miles north of us and out ten miles. so far, what they have record, about 1,000 pounds of debris. disaster, moments after takeoff. a terrifying scene. mayday, mayday, mayday. reporter: a frantic call for help. seconds before this small medical aircraft plummeted into the sea. maintain 4,000 and turn left heading 3, 3-0. reporter: the pilot made a last-dish effort to turn back around towards the ft. lauderdale airport only to crash a mile off the coast. mayday, mayday, mayday. it was flying very low over the water. not paying that much attention. i was like it s really strange for a plane to be flying so low. maybe 30 minutes later, the coast guard reporter: they struggled to find survivors, helicopters and about a dozen boats scoured the area. searchers and responders located debris. shortly thereafter located two bodies. reporter: the wrec
this is the cbs evening news with russ mitchell. mitchell: good evening. we begin tonight with the latest on the economy and how it continues to hit americans hard in the pocketbook and in the workplace from coast to coast. the latest numbers show the unemployment rate stands at 9.1% with the pace of job growth slowing. when it comes to new jobs, 70% of those are coming from small businesses, but many of them are struggling just to hang on. whit johnson shows us a case in point in the small town of scarboro, maine. reporter: in the unsettled race towards economic recovery, small businesses like maine indoor carting can hardly keep up how close are you to that edge? we re struggling every step of the way. reporter: in 2003, owner rick snow chose his passion for cars over a lucrative career in financial consulting. a lot invested here. seven figures. reporter: seven figures. seven figures. reporter: since the recession he s had fewer customers. health care cos
mitchell: good evening. we begin tonight with the latest on the economy and how it continues to hit americans hard in the pocketbook and in the workplace from coast to coast. the latest numbers show the unemployment rate stands at 9.1% with the pace of job growth slowing. when it comes to new jobs, 70% of those are coming from small businesses, but many of them are struggling just to hang on. whit johnson shows us a case in point in the small town of scarboro, maine. reporter: in the unsettled race towards economic recovery, small businesses like maine indoor carting can hardly keep up how close are you to that edge? we re struggling every step of the way. reporter: in 2003, owner rick snow chose his passion for cars over a lucrative career in financial consulting. a lot invested here. seven figures. reporter: seven figures. seven figures. reporter: since the recession he s had fewer customers. health care costs for his workers have soared by 56% in the last y
folks seem to be looking, if the firm goes down, where do the tentacles expand to. that determines whether the company is systemic or if they have counter parties in europe and in asian. it s really how far do their tentacles spread into the financial sector. in today s world. isn t everything interconnected? that s a huge issue. so many firms are interconnected. a hedge fund that does a lot of swaps with participants around the county, they would have a bigger impact because people start calling their positions, they would be unable to make good on their decisions. i can guarantee there s going to be a lot of lobbying. i think this needs to happen fairly quickly. the firms say they need to know if they re going to be designated as systemic. they put a request out for comment. get your comments in quickly because they plan to move fast tom, what did you hear from the chairman? i think it was interesting. she was quite frank in the problems of the neweraa new era of re