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CNNW CNN Newsroom July 3, 2012



while the air force investigates the deadly crash of an eighth plane. one of these based in charlotte, north carolina. we expect to learn more in a news conference this afternoon. we know that four of the six crew members were killed, including this man, lieutenant colonel mike mckiel who spoke to one of our affiliates on saturday. lizzie o'leary with the latest out of washington. what's the latest? >> reporter: latest is that they are investigating the cause of this crash while the other c-130s are grounded, grounded by the air force right now, and that essentially really diminishes the ability of the forest service to fight a lot of wildfires. the way the service does this is they use a number of different planes, but some of the big guns, as you said it, are the c-130s that are on loan from the air force as part of this fire fighting fleet. this is not the first time a c-130 has crashed, a relatively horrific crash in 2003 when essentially a c-130s wings folded up ward and fell off the plane in northern california. that crash was blamed on metal fatigue. obviously the air force is still looking into what caused this recent crash. >> any idea when the grounding might be lifted? >> that's a lot harder to say and what we're talking about here is looking at this fleet of planes. these are not the only tools that the local officials have to fight fires. they have another arsenal, if you will, of different tools so there are now nine p2v tankers and you also have convers. some of them are as much as 40 years old, and they are equipped with mobile fire fighting systems and then they are used by contractors who work with the federal government and send them out to different fires. they move from place to place. also one very large air tanker, essentially a d.c.-10 that's equipped to fight fires and one of the criticisms you hear is even though this can drop more fire retardant, it's harder for them to get into smaller placs,s get really at the causes of the fire and get them early on. you have folks advocating the use of smaller planes. >> thanks so much. we're expecting a live news conference this afternoon on the c-130s. we'll continue to follow the story for you throughout the day. let's head over to colorado now. that's one of the 12 western states battling wildfires this hour. the air force had activated its entire fleet of c-130s to help fight the fires across the west. martin savage is there in colorado springs. martin, how visible were the c-130s there where you are? >> well, kyra, they were here reported by the incident commander. we're standing outside the incident command center where the fire has been fraud. at one point i believe the national forest service said every one of the c-130 planes were here in colorado and were tasked for this fire when it was at its worst. that's all changed as a result of the incident that's occurred. i should tell you that word quickly spread of the loss of that kwirkt inside when it went down on sunday and, of course, the loss of life is felt deeply throughout the fire fighting community. they feel it inside even though it was a different fire. they have continued to fight this fire even without that aircraft. they have many other resources. it should be pointed out the c-130 is welcome and needed and they do have other air assets. they have the big sky crane helicopters, the massive things that look like insects that they can drop water, a lot of water on a fire. they also have contractors that are out there flying everything that looked like -- what do you call it, the spraying type airplane, very nimble. 500 gallons, but they can spin and drop that right on a very small fire and then you've got everything in between so the air assets are there and then they have 1,500 wild land fire fighters here as well so the loss of the aircraft, the grounding of it felt but they carry on, and they do have other means of battling this fire. kyra. >> the waldo canyon fire. has it come down to just targeting hot spots now? how much of it has been contained? >> reporter: yeah, 70% is where they are at. that was the end of the day today. i imagine they will do better. there is a bit of a concern only because we have right now is some pretty good building heat and some light breeze and that could stir up some of the embers that are out there. but they have 70% contained. doesn't mean out, of course, but they basically got a defensive perimeter around 70%, a 26-square mile perimeter fire, so a large area they have to surround. they are making progress in doing that and what's burning is islands, interior islands, areas of vegetation surrounded by burned out areas. winds that could lift an ember and put it into fresh forest, that would be a concern. they are watching for that. >> okay, martin savidge, thanks so much and homeland security secretary janet napolitano and agriculture secretary thomas vilsack will be there in colorado springs and we expect to hear from them this afternoon. stay with cnn for more on the fires the rest of the day. nearly 1.4 million people are still without power right now, and as the temps continue to rise, thousands of people across the country are enduring a fourth day without air conditioning. the power outages happened after that storm blasted through the east coast and midwest over the weekend and the outages are now scattered across 11 states and washington, we're talking indiana, ohio, west virginia, pennsylvania, maryland, virginia, delaware, kentucky, north carolina, new jersey and also illinois. all of these places without power and here's the most frustrating factors. the power companies are refusing to say when power will be restored. here's a pretty incredible example of just how hot it's been. take a look at wisconsin. highway 29 in chippewa county. the pavement buckled because of the heat so an suv was headed down the road, hit the ramp, and it was sent airborne. we're told that everyone is okay and that the roadway has been repaved and is back open. of all the times i've been live in iraq what, went through your mind? >> what do you do about this district attorney? >> this is the geographic south pole. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. i tell mike what i can spend. i do my best to make that work. we're driving safely. and sue saved money on brakes. now that's personal pricing. all right. just a quick note for those heading out the door. can you continue watching cnn from your mobile phone or computer. just logon to cnn.com/tv. well, if you ever wished you could set interest rates with the snap of your fingers, well, there's a job open at barclay's, two actually. ceo bob dimon as well as the chief's operating officers has stopped down, days after barclay's paid half a billion worth of fines in the uk and the u.s. now the bank admits it manipulated what's called the libor, the london interbank offered rate. now that's a daily read of the interest rates that big banks charge one another, but you don't have to be a big bank to be affected by the rises and falls of it. my colleague richard quest joining me now to explain what lies about libor mean to you. richard? >> well, it's very simple in a difficult sort of way. libor is a rate set in london but not set in sterling pounds or euros or yen. libor is also set in dollars, and that should follow the interest rates in the united states as given by the fed and another bank in the u.s. once libor, dollar libor is set, all the credit card companies, all the home loans, all those consumer credit, the sofa you bought, the car payments you made, if you're going out to buy a car, you will -- you could well find it is described as libor plus 1%, libor plus 3%, and that is the inextricable link between you and me and the fraud for that's what it was that was taking place. when we borrow money, we borrow libor plus. >> and it's a pretty informal system, right? it's informal in the way -- >> they just call each other? >> not quite. >> not quite. >> no? >> the banks basically gauge what they can lend money at, write it on a piece of paper and submit it and then this organization sort of works it all out. all right, it is informal. it's a formal, it's a simple and what's really worrying about this, what's really disheartening to anybody who looks at this is the brazen way in which the banks were fiddling it. there was no pssst, would you do this for me, hey, can you do that for me? this is open e-mails. dude, i need a lower rate. dude, i need a lower rate next tuesday. and the guy who was doing the rate says is 1.76 low enough? i mean, this is naked, brazen, scandalous, and that is why barclays in one of its submissions today, these events should never have taken place, and here's the point. >> how did they think they wouldn't get caught and there's other big banks that are involved, too, right? >> that's the point and here's why i think they never thought they were going to get caught? hear this, because it's probable everybody was up to it in some shape or form. bay claes traders were asking other banks and you have a got to see this, kyra, in a pre-2007 environment. what's now being called the age of irresponsibility. subprime, aig risk, the sort of not looking that let madoff get away for so many years, enron, worldcom, all these events took place when the financial world thought it could get away with murder basically. >> it's arrogance. it's unbelievable arrogance, and where are the watchdog systems? i mean, totally failing the people. >> that was the point. well, you can argue me say, republicans and democrats, both share blame in all of this. some for getting rid of glass/steagall, and others for light regulation, self-regulation, some for cutting back on the s.e.c. budgets, others for making sure that people were put in place. there's so much blame, and you and i bear blame and everybody, it was an era, it was an era that came to a crashing end in 2007 and 2008, and you know the phrase they always say. when the tide goes out, you discover who is swimming naked, and what we are seeing is many naked bodies that are best -- well, you can guess. >> richard quest, i'll tell you what, i love how you put everything into perspective. thank you very much. now let's take a quick look at our stock market. dow industrials up 54 points. okay, team! after age 40, we can start losing muscle -- 8% every 10 years. wow. wow. but you can help fight muscle loss with exercise and ensure muscle health. i've got revigor. what's revigor? 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[ major nutrition ] ensure. nutrition in charge! delivering mail, medicine and packages. yet the house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. four months to decide. that's how long it left until voters make their choice in the presidential election so where do we stand right now? check this out. it's the new cnn/orc poll. the president holds just a three-point lead over mitt romney, the exact same margin as last month, by the way, but as our joe johns reports that's just part of the story. >> reporter: even though the president maintains a slight edge in our nationwide polling it appears to be a different story in the 15 battleground states, including iowa where we met this group of young voters at the court avenue restaurant and brewing company in des moines. our latest cnn/orc poll indicates mitt romney is out to a 51% to 43% advantage in the 15 states we consider in play. the seven true tossup states and the eight states leaning towards the president or his republican challenger. nick has supported romney since the iowa caucuses and says he sees the candidate's pragmatism as a key selling point. >> but if you look at his record in terms of his ability in the private sector and being governor of massachusetts, definitely some interesting insight into his ability to solve problems, and back obama said four years i'll solve the problem. he's lacked leadership in a lot of direction and mitt romney is really strong when it comes to solving problems and being very pragmatic. >> the news is not all good for the republican challenger, however. as a presidential election approaches few things are seen as more important than voter enthusiasm and the incumbent president seems to have it on his side, at least for now. in march only 46% of democrats said they were were enthusiastic about voting in november and now that number is up to 59%, a 13-point increase. >> i'm very excited for this election, and i've been really pleased that president obama has put his neck out on the line for students. >> reporter: for romney not so much. republican enthusiasm has remained almost constant, 52% in march versus 51% now. it's a very different race from the last time obama and romney ran for president. >> i think our generation is less connected with this election than they were in 2008, primarily because in 2008 most of us were first-time voters. >> joe johns is still on the road. he's moved now from iowa to ohio, another key battleground state, of course. joe, what do you think, people there, have they made up their minds? what have you been able to gauge? >> reporter: well, you know nationally, kyra, 79% of americans say they have made up their mind, according to our poll which leaves about 20% who have not, and that, of course, is the key 20% that observe m and romney will have to go for. red state, blue state and a very polarized place right now. >> what are the voters most concerned about aside from the heat because i can see the sweat dripping dunn your neck? >> reporter: i know, it's really hot out here. plus we've got a river in this humidity. what the voters are concerned about on this hot july 4th weekend is jobs and economy and here in the state of ohio things are getting better. unemployment is down for last year and 55% of respondents in recent polls say they don't think the country is on the right track so that -- the expectations and what's happening need to catch up with each other. >> joe johns, thanks so much. we'll keep checking in with you. mitt romney's campaign bus is there in columbus, ohio butted can't date is actually in new hampshire. president obama will be in ohio later this week for a campaign event. we're following all of it for you. tax or no tax, that's the debate now on the president's health care law. a spokesperson for mitt romney says that his boss considers the mandate just a penalty, not a tax. that seems to go against what other republicans are saying, including minnesota congresswoman michele bachmann. she also told our piers morgan that there's more than just the mandate to dislike about this law. >> we're forced to buy a product that private insurance companies offer, and this is anathema to americans. we should be able to make our choices, not have the federal government make our choices for us. the good news is we really can have positive health care reform. we can do this, and we can bring down the cost of health care, and we can make sure that we have affordable, accessible health care for all americans, but the current situation won't work. >> supreme court decision upholding the law has sparked a fund-raising frenzy as well. both the romney and obama campaigns say they have each brought in around $5 million bucks since the announcement. ♪ [ male announcer ] ok, so you're no marathon man. but thanks to the htc one x from at&t, with its built in beats audio, every note sounds amazingly clear. ...making it easy to get lost in the music... and, well... rio vista?!! [ male announcer ] ...lost. introducing the musically enhanced htc one x from at&t. rethink possible. introducing the musically enhanced htc one x from at&t. you know what's exciting? graduation. when i look up into my students faces, i see pride. you know, i have done something worthwhile. when i earned my doctorate through university of phoenix, that pride, that was on my face. i am jocelyn taylor. i'm committed to making a difference in people's lives, and i am a phoenix. visit phoenix.edu to find the program that's right for you. enroll now. [ female announcer ] the gold standard in anti-aging. roc® retinol. found in roc® retinol correxion deep wrinkle night cream. it's clinically proven to give 10 years back to the look of skin. now for maximum results... the power of roc® retinol is intensified with a serum to create retinol correxion® max. it's proven to be 4x better at smoothing lines and deep wrinkles than professional treatments. new roc® retinol correxion® max. nothing's better than gold. new pictures have been released of aimee copeland, the georgia woman who contracted a rare form of flesh-eating bacteria. the woman is ready to face the cameras and just eight weeks ago this college student was clinging to her life. she lost a hand, one of her legs and a foot to that routeless flesh-destroying bacteria. now we're going to see pictures of a smiling girl who says she is ready to get her rehab started. she's been transferred now from an augusta hospital to an in-paint rehab facility. tonight at 7:00 eastern erin burnett goes out front with aimee copeland's recovery. she will speak with the 24-year-old georgia woman with b her ordeal and her inspirational attitude. that's tonight at 7:00 p.m. eastern right here on cnn. the unsung heros in the war in afghanistan risking their lives every day and when their service to their country is over they often find themselves left behind in the combat zone. we're talking about combat dogs and the move to ensure that their life in retirement is safe and secure. chris lawrence reports. >> the bond between soldier and search dog was forged the day this dog discovered her first ied. >> that right there was the moment that the relationship went from, okay, you know, i care about her, i love her, to this dog is absolutely amazing. >> reporter: it was a remote village in kandahar, afghanistan. sergeant dave varcat's patrol was hided towards a hidden bomb but the dog sniffed it out and alerted them in town. the soldier saved my life. best friends for life and it's the same thing with this dog. you okay. >> reporter: there are nearly 3,000 military working dogs and 600 are serving in war zones. they eat, sleep and fight alongside their handlers 24/7, but the military classifies them as equipment, right along with the rifles and rucksacks so if the dog gets old and retired on a base overseas he's considered excess equipment, not entitled to be transferred home. someone who wants it adopt him has to pay the shipping costs and can run thousands

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