Page 27 - Cascading Effect News Today

Thing weve been dealing with in the last several months, every month we get the job numbers. you find out there are peep who decided to give up and theyre not even looking anymore. then you have the cascading effect. so then you have local governments who dont have the tax revenue that they needed before. so their situation gets worse. two weeks ago, president obama suggested we needed to do something more on the federal level to help the state. so the cycle will continue. so mccain would have h...

good morning and welcome to "early start." im ali velshi. zoraida is off today. >> i like these hours. >> im eating a hot dog this morning. >> i love that about you, ali velshi. im ashleigh banfield. it is 5:01. its the holiday but this fourth of july is less about celebration and more about patience for many americans. and in some cases, even survival. because for six days now there have been many of your fellow countrymen with no power in this extraordinary heat wave. at least 20 peo...

And there is a cascading effect, i think. that kind of disregard for the office of the president, legitimatizes other people being just as contempt uous to others. it sets such an appalling tone. why do we have to behave like that? and yet, if people see the president being treated like that, especially young people, then all bets are off and you can do as you like. >> this picture here, whos running and why are they running? >> oh, this is -- that was my best time. i did a 5 k in new york for t...

Possibility of greece defaulting. they have a big election in a week. if that goes, the sort of the separatetist way, the ones who want to break away from european union, there could be a cascading effect. fact of the matter is spain was downgraded again. its now a jump nation. that is not promising. some of the biggest economies in europe not reaccepttive to america. theyre not reaccepttive to good economic news at all. the president is right. europe is a light on the world. the market is frons...

economy overall. dont even get us started on europe or the tax cuts set to expire and spending cuts due to kick in a few short months from now watching it all is fed chairman ben bernanke who is trying to explain to congress -- live pictures right now -- what if anything he plans to do about it without saying too much. felicia taylor is watching from the new york city. felicia, what have we heard and learned so far? >> reporter: its a careful dance because obviously the federal reserve...

Going to do it on "the view." it seems that theres a nervousness that the white house doesnt want the president to look week here. >> well, the reality is what it is. the vice president came out for gay marriage and changed his view before the president did and they were not prepared for that because it caused them a cascading effect where the president does it a couple days later. if the president wants all of those leadership points for standing up and evolving and making the change -- >> righ...

Coming out of there. they question whether the security is good, they have a lot of concerns, and they want this thing to go away. we had a chance to talk with them, and they say they werent really told the entire truth of what happened back on january 31st. >> we were very close to a catastrophe. what could happen instead of tubes leaking that are thin and worn, they can burst, and there are thousands of them side by side, and its very pressurized environment. one goes, and the ones next to it ...

Rationale of the candidacy around his business sxernexperi. if the economy appears to be fixed, that undercuts it. the situation between israel and iran and any global turmoil that might result from a strike there which would genuinely send oil prices through the roof and the shock of higher oil price would say have extremely negative consequences. on economic growth and hiring and there would be a cascading effect. the other is europe. they keep putting band aids on gaping wounds. they keep try...

still alive in there. but they havent reached them yet. the ship ran aground and sent passengers scrambling for lifeboats. >> [ screaming ] . [ speaking foreign language ]. >> three people are dead among 4,000 who were on board that ship. 43 to 73 people could be missing. 126 americans were on the cruise ship but none of them appear to be hurt. the captain could be charged with manslaughter and abandoning ship. the parent of the company is carnival cruise ship. some passengers got off ...

>> but these moments can matter. most famously four years ago, the democratic side, where, you know, new hampshire voters looked at that debate, looked at everybody kind of ganging up on hillary clinton and decided, you know what, we are going to give her a little more running room. so theres always a possibility for that kind of moment. but youre right. the door does seem to be close. >> doesnt seem to be anybody close enough to get them. the question can they get them down? >> can they establi...