the street? is it the joblessness? what is it? and how do we address it? it is the joblessness, one of them, but there are many other problems that they cause. we have zombie banks in history, we had them in japan, we had them in the u.s. in the 80s. and until we dealt with them the problem is they suck all the money. they suck money. and when we finally address the issue, the taxpayer ends up paying double, three times, four times more. so we end up with the bill, always, and we pay more. but meanwhile, because this is so global, it s european banks, it s u.s. banks, and the world economy is caught in a spiral, which it can t get out of. i mean, we re talking about it can get out of it. it can get out of it. you ve just got to cancel the debt. the mathematical opposite of canceling mon printing money is canceling debt. if can i print money out of thin air, i can delete a few zeros on
civilians. three members of his unit had already pled guilty. gibbs was accused of cuts off pieces of the corpses to keep as souvenirs and planting weapons to make it look as though the men were taliban fighters. gibbs will be eligible for parole in ten years. in the turkish city, 28 people have been pulled alive from the rubble after a deadly earthquake wednesday night. rescue crews worked throughout the day, thursday, to reach people still trapped. dozens more may still be buried. the government says 260 survivors have been taken to other cities. the death toll stands at 12. the murdoch media empire has been compared to the mafia. he said they adopted a code of silence surrounding the phone hacking scandal. murdoch rejetted the allegation when he appeared before mps thursday. he insists he didn t learn about the scope of the problem until last year. those are the top stories from cnn, the world s news leader. i m monita rajpal. world business today starts right now
the french philosopher who was responsible for getting france and perhaps the world to intervene there. he s just back from tripoli. then as another baseball season comes to a close in america, we sit down with michael lewis, the author of moneyball, to talk about baseball and its lessons for business and life. but first, here s my take. regular gps watchers will know that i was in tehran last week to interview president mahmoud ahmadinejad. you can go to our website and watch excerpts of the interview. but being in iran made me think it abouot our policy toward that country which strikes me as being stuck in a time warp. you will remember that early in the 2008 presidential campaign, barack obama signaled that he was going to have a different foreign policy than george bush, less black and white. and he chose as his example, iran. he argued that simply pressuring the country was not a policy, and obama offered to talk to iran s leaders to try to establish a dialogue a
the fills on forresponsible for getting france and perhaps the world to intervene there. he s just back from tripoli. then as another baseball season comes to a close in america, we sit down with michael lewis, the author of moneyball, to talk about baseball and its lessons for business and life. first, here s my take. regular gps watchers will know that i was in tehran last week to interview president mahmoud ahmadinejad. you can go to our web site and watch excerpts of the interview. being in iran made me think it our policy toward that country which strikes me as being stuck in a time warp. you will remember that early in the 2008 presidential campaign, barack obama signaleded that he was going to have a different foreign policy than george bush, less black and white. and he chose as his example, iran. he argued that simply pressuring the country was not a policy, and obama offered to talk to iran s leaders to try to establish a dialogue and reduce tensions. well,
good morning to you. tuesday wednesday, august 24th. this is your a.m. wake-up call. i m carol costello joining you live from new york. international leaders meet today to talk about getting aid into libya. as for moammar gadhafi, he s nowhere to be found even though rebels have taken control of his compound. but gadhafi is still talking, at least we think he is. two networks have been aired supposedly from the embattled leader. he calls for libyans to clear out of tripoli and get rid of what he calls criminals, traitors and rats. rebels claim to control 90% of the country. cnn s sara sidner has been in the middle of it all, the heart of tripoli, green square. most of the gunfire you hear is in celebration. this is what it looked like when rebels took over gadhafi s compound. reporter: it s getting a little too loud for you to hear me and a little too much celebrating. we re trying to get i just got hit with one of the shells from one of the guns. sara, we can hear