Street figures in america. His name was Michael Milken. He was famous for figuring out a new and ingenuous, and it turns out illegal way for Wall Street traders to get even more fantastically rich used something called Junk Bonds to stage corporate takeovers. You dont need to understand the financial intricacies of the Junk Bond Scam to know the kind of character Michael Milken was. Do you remember the movie Wall Street, michael douglas, the Lead Kericer in Wall Street, greed is good . That was based on Michael Milken. Milken, a Wharton School Graduate who lives in clark gables former home in encino, california, and is driven to work in a mercedes bends, has been praised by some as a brilliant visionary and assailed by others for triggering a massive hostile takeover that piled up corporate debt while generating huge fees for drexels young and aggressive traders. Michael milken was charged for fraud and racketeering. Charged with him was his brother and a former trader for drexel. The
What took so long . Lets go outfront. Good evening, everyone. Im Kate Bolduan in for erin burnett. Spooked by covid. The Dow Tumbling 700 points with fears the Delta Variant pushing the country in the wrong direction. Covid cases are up 145 . Hospitalizations are up 50 . Deaths are up 12 . And those who are most at risk are the ones who are failing to protect themselves and others with the simple vaccination. According to officials, more than 97 of people hospitalized with covid are unvaccinated. 99. 5 of deaths right now are among the unvaccinated. Dr. Anthony fauci telling me today if more americans dont get the shot, things will not get better. Quite the opposite. If we dont get a significant proportion of these people vaccinated, youre going to be seeing a smoldering of this outbreak in our country for a considerable period of time. And California Tonight is one example of that smoldering outbreak. The state reporting the highest Covid Positivity Rate since the winter surge. The St
The coast guard. They say theyre 23 miles off the coast of key West. This all happened late yesterday afternoon. Theyre right now doing what they call survivor debriefing. The people that theyve rescued, those 15 people, talking about who else they were with, where they are from, the ages, what they look like, et cetera, to try and find those people. It certainly was a situation there, and its been a rough situation here. We had very heavy winds overnight, 50 to 70 miles per hour, the storm hitting us here in clearwater beach. This is clearwater harbor. About 2 00 a. M. Was the worst of it. You can see the water is still pretty choppy, but not too bad. We had tornado warnings, rain of four to six inches and Storm Surge as well is what they were concerned about because the storm was hitting about the same time as the High Tide was hitting. I can tell you the national guard, they were heavy, they were on standby. Ready to do Search And Rescue, but luckily nothing like what theyre facing
are following breaking news from south florida. it is devastating really. it s deadly. there s been a high-rise building that has collapsed in the city of surf side. this is just north of miami beach for context there. and what you re looking at here are live aerial pictures from the scene. you see that swimming pool on the left? this part of the building that has fallen down stretched all the way alongside that swimming pool. so we re talking about a very large chunk of this building that fell down overnight. there is a huge pile of debris, 12 stories in this apartment building. balconies that had been sawed in half, and we re told that at least one person has died. about 100 units in this building, think of it, 39 years old. the collapse happened before 2:00 a.m. new video shows rescue crews pulling a young boy from the rubble. more than 80 emergency teams are on the groundworking to find survivors. we have some sort of before and after video. this is what the building lo