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Detailed text transcripts for TV channel - MSNBC - 20101019:14:05:00

fewer young people to put money into pension systems, so, basically, disaster brewing. that s why los angeles mayor antonio villaraigosa announced a overhaul pension plan that would cut retirement pay and hike health care costs for anyone hired after next july 1st. make them work longer to qualify for benefits, too. literally dozens of u.s. cities including baltimore, san diego and naples, florida, are seriously looking at pension reform. south of the california border a motherload of pot is seized in tijuana. one of the biggest pot busts ever. police seized 10,000 packages of marijuana and 105 tons worth all headed for the u.s. estimated street value, $344 million. the packages were found stashed in a warehouse and the drug traffickers didn t give up easily. police took down 11 people after a shootout with authorities.

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