pain of the unemployed temporarily. some will put people back to work. but they do not make for a complete solution. yet it s a start. as long as congress passes the bill. while the politicians bicker, many americans have no place to live. as many as 1 million people may have become homeless during the recent recession. with some living in tent cities like this one near st. petersburg, florida. these are people who used to have solid, middle-class jobs. what s more, almost half of america s unemployed have been out of work for six months or longer. they are in danger of becoming a lost generation. losing the skills and motivation to ever reach their potential. but we need more than temporary tax cuts and extensions of unemployment. we need a plan to grow industries and with them, jobs. in this hour, we ll shine a light on solutions. immediate and long-term. but our focus is on stuff that can actually happen. plans, not dreams. we ll look at promising industries and ideas. and
now my take. the european crisis you have been reading about in the newspapers is worth watching very carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy, which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up about 2% of the european union s gross domestic problem. italy, on the other hand, is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. and it has long been governed in an almost cartoonishly bad manner. italy is too big to fail, but it also might be too big to bail. even germany may not be able to credibly bail it out along with all the other troubled countries. so what can be done? i don t think the leading proposals will work. creating eurobonds or giving brussels broader powers to tax and spend. those things won t happen. govern
aircraft, that p-51. this is what ntsb officials had to say just a little while ago. take a look. for new information, first of all, there had been reports about a mayday from the pilot. thus far, our investigators have found no information of a mayday call from the pilot. next, the investigators have found that the accident aircraft was equipped with a video camera, facing outward. they have also found camera fragments at the wreckage site. and among the wreckage site, they have found multiple memory cards that could have come from the camera. reporter: so, don, that s what we know at this point. all of that information is going to be shipped off to the ntsb lab in washington. we should tell you that this would have been the very last day for these races. normally, there would be thousands of people out here. of course, a huge economic loss for reno, the fact that they had to cancel the weekend, the economic loss is going to be in the tens of millions of dollars. they, o
former imf cheap dominique strauss-kahn says something inappropriate and of moral weakness happened in that new york hotel suite in may. but he says it was not violent or aggressive. he gave his first post sex scandal today in paris and i spoke with jim bittermann about that a short time ago. reporter: we were expecting a very short interview, but it went on for about 20 minutes, covered a lot of topics including what happened in new york, also what he s facing here, what his political future is, and all that sort of thing. but on the specific case in new york, he gave some details, but not a lot. here is the way he looked and sounded tonight as he was talking about the case in new york. translator: what happened? what happened was was neither violent nor constraint included in this, nor aggression, nor any act or any illicit act. that s what the prosecutor has said. what happened was not only an inappropriate relationship, but more than that, an error, a mistake. rep
pacific. now my take. the european crisis you have been reading about in the newspapers is worth watching carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up 2% of the european union s gross domestic problem. italy is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. it has long been governed in an almost cartoonishly bad manner. italy is too big to fail but may be too big to bail. even germany may not be able to bail it out along with all the other troubled countries. so what can be done? i don t think the leading proposals will work. creating ueuro bonds or gives brussels broader powers to tax and spend. those things won t happen. people oppose it in europe, governments oppose it in