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Right now were hearing from the State Attorney General and the police commissioner. We really cannot forget in all of this the eight alleges victims, boys as young as 7 or 8 years old. We do have to warn you that the details reveiled revealed by the grand jury are report and hard to stomach. Many News Articles and Opinion Pieces have already been written about this and many of you are very familiar with the allegations contained in the presentment, as well as the defendants that have been charged and the institutions and organizations that have been mentioned in this case. I also understand that many of you have questions concerning the allegations. The criminal charges an other issues related to the case. Commissioner noonan and i will attempt to address many of those as many of those questions as possible, but i ....
jerry sandusky who is charged with child molestation. effective immediately, joe paterno is no longer the head football coach. effective immediately. that means paterno won t coach the final home game against nebraska. paterno accepts the board s decision but adds, quote, it is going to take some time to get used to. overnig we are going live to penn state. when tom bradley speaks. take a look at those live pictures. greece has a new interm prime minister to avoid an economic collapse. lucas pkcas papademos. . in eastern turkey, rescuers are digging through piles of rubble to try to find dozens of people who are trapped still after earthquake struck last night. at least seven people were killed and this moderate quake hit less than a month after you may recall the major quake that struck the same area killing more than 500. major league baseball s wilson ramos has been kidnapped now at gunpoint. it happened at his family s home in venezuela. the 24-year-old, c ....
i m erin burnett. out front tonight, herman cain. the gop frontrunner fighting back against allegations of sexual harassment. i absolutely reject, they simply didn t happen. they simply did not happen. four women have now accused of gop candidate of inappropriate behavior and we now know the identity of two. just hours ago, we learned more about another accuser, her name is karen, director of communications at the treasury department and according to a friend, she called cain a quote/unquote monster. this is the woman whose lawyer told the nation on friday that his client did not want to identify herself and did not want to divulge any details about the alleged encounter. but obviously she is saying now that she would do so perhaps with other people in a press conference. unofficial adviser to herman cain s campaign, appreciate you taking the time to come out and talk about this tonight. i just want to ask you this, have you at the campaign had the conversation midd ....
and stock markets react as well. european stocks closing down on grave concerns on what s happening on the euro zone and whether italy will be able to pay its bills. and stresses that we re seeing in the italian bond market. when you talk about stocks, stocks are much smaller than the overall bond market. the bond market is where governments, companies go to borrow money to keep going. the cost to borrow for governments, governments in trouble, has been rising. you have that above 7% now. 7.3% for italy to borrow money. that s even with the european central bank buying italian bonds and with europe doing things to stabilize things. 7% is seen as a dangerous signal, fredricka. when you ve seen rates climb that high before, it s triggered a bailout. how can you bail out italy? it s the third largest bond market and economy in europe. look at greece, for example, 27% the interest rates on greece bonds. greece can barely can t borrow money, quite frankly, anymore, because ....
victims and charges could be coming. this is moving far beyond sandusky and threatens to taint the golden legacy of head coach joe paterno. joe paterno s tenure as a coach will be over soon and penn state is planning his exit. the time cites two people briefed on conversations with penn state officials who says the board of trustees has yet to determine the timing. if this is a sign of anything, paterno was scheduled to hold his weekly news conference about an hour ago. reporters including our jason carroll were there ready to ask paterno about sandusky, the rape and abuse charges and what paterno knew. that news conference was canceled. instead penn state issued this statement saying due to the on going legal circumstances centered around the recent allegations and charges, we have determined that today s press conference cannot be held and will not be rescheduled. so the big issue still remains who knew what for how long and how was the situation with sandusky dealt w ....