Transcripts For CNNW CNN Saturday Morning 20110813 : vimarsa

CNNW CNN Saturday Morning August 13, 2011



that he is running. also, you've been hearing the threats of a possible double dip recession. you need to be ready. we've got your recession-ready tips coming your way. but let's start with that breaking news we are getting in from the cnn newsroom. this comes to us from pennsylvania where one person is still trapped right now in an overturned greyhound bus. this happened in lancaster county on the pennsylvania turnpike. at least 23 people we're told in all have been injured. some had to be flown to the hospital by helicopter. again, this is just developing sto story. we're waiting to get pictures in from the scene. one person is still trapped and at least 23 injured with an overturned bus there in pennsylvania. when we get more about that, we'll bring it to you. also the breaking story out of pakistan. u.s. embassy saying an american businessman was abducted from his home in lahore in the eastern part of that country. cnn's is a joining us now. ressa, any reason yet they've come up with why this american may have been targeted? >> reporter: no, it's not clear at this hour why he was targeted, not clear if this was islamist militants or a criminal gang. it's looking to make some fast cash. in recent years that's been the main reason for werners being kidnapped, criminal gangs looking to make some quick money but there's no question this was a very well coordinated, well-planned kidnapping operation. the target of this kidnapping, an american citizen by the name of warren weinstein. it happened at 3:15 a.m. the holy month of ramadan. a lot of muslims fasting. that hour, three of weinstein security guards and driver were preparing for a pre-fast meal in the front yard when they got a knock on the front gate. it was three men who apparently were offering food, which is customary during ramadan p. but that was a ploy. other assailants scaled the walls, according to the police. they tied up the security guards, pistol whipped the driver. he eventually led them up to where warren weinstein was sleeping in his room and left with him. neighbors are telling police thats a z that assailants left with these two vehicles, a development company based in virginia. this is one of the many companies in pakistan involved in economic and social developments. an important work he was doing here. but obviously tough times for his family probably very worried about his condition right now. >> all right. thank you this morning. three minutes past the hour. let's turn back to the u.s. now and politics here. a big day for the republican gop candidates. the iowa straw poll gets started here in just a bit. we'll have those results later of today. this could be, even though we're a good year plus away from election day, today could be a make or break day for them. at least six candidates will be speaking at the event today. campaigning there. you're seeing those six, now three others will be on the ballot. but not there. that's mitt romney, jon huntsman and newt gingrich. they have chosen not to participate in the event even though their names will appear on the ballot. a couple of names that won't be on the ballot, sarah palin, she is in iowa. she's on her bus tour there. she has not announced any of her plans about whether or not she'll run for president, but she is in iowa. and then governor rick perry in texas. he will make it official today in an event in just a few hours. those two not participating in the straw poll, name won't be on the ballot. you've been hearing us throw around this phrase quite a bit, straw poll. exactly what is the straw poll? it's a vote with no consequence, necessarily. the winner doesn't actually get anything. they get a lot of press coverage, they get a lot of attention and maybe momentum. but other than that they don't really get anything. in this case here all the voters will have to pay to get in the door of the civic center in ames, iowa, to participate. they sit in their seats, listen to speeches from their candidates, those there to participate. along the way they actually fill out their ballots and pick their favorite candidate. it costs 30 bucks in get in. a lot of tickets are free from the campaign. a stacked deck here. again, we will get the results later. you can stay here with cnn for live coverage of the iowa straw poll results. don lemon, candy crowley with the special for you. 7:00 eastern time. iowa is a big diaeal, yes. texas governor rick perry may be overshadowing what's happening in iowa today with what's happening with him in south carolina where he is expected to officially jump into the race, and it will change the game. cnn's jim acosta tells us why. >> reporter: rick perry arrives in south carolina is a major threat to the entire gop feel. he is more conservative than mitt romney and arguably more electable than some of the other candidates. that may explain why the obama re-election campaign has taken notice. >> washington is broken. as the federal government -- >> reporter: a tea party governor straight out of the wild west, rick perry sounded like he was running against president obama when he was seeking re-election in texas last year. >> that's why i rejected several dollars, strings attached, and will fight misguided health and energy policies that will raise taxes on our families. >> reporter: now poised to shake up the race for 2012 perry could unite tea partiers with christian conservatives for a showdown with the white house. >> welcome to the contest. >> reporter: he isn't an eye awhat for this weekend's straw poll but he is on the minds of republicans. >> i'm very pleased that he's coming in because he represents the status quo. >> reporter: instead, the governor is sharpening his message against front-runner mitt romney. >>ic i think if you just want to look at the track record of when mitt was the governor of massachusetts versus my year of being the governor of texas, i'll let those stand. mine doesn't need my propping up. we'll just let it stand there and let people examine it. >> reporter: while romney is still holding back -- >> he's a fine man and fine governor, and the record of texas i think speaks for itself. >> reporter: -- president obama's re-election team is ready to join the fight. asked about perry's recent attacks on the president's economic record, a top democratic strategists blasted back. >> succession from the united states of america and all kinds of other things. we'll see when he becomes a candidate what specifically he has to propose, what he has to say. his record will get scrutinized. >> reporter: a reference to perry's comments after a tea party rally two years ago. >> we got a great union. there's absolutely no reason to dissolve it. but if washington continues to throw their nose at the american people, who knows what might come out of that. >> reporter: before life in politics made him the state's longest-serving governor, perry grew up poor in the tiny west texas town of paint creek. no stop light, just a school and a church. it's a half a world away from washington. at the nearest cafe to paint creek, the feelings on a perry bid are as strong as the coffee. >> our country has pretty much forgot about christian ethics, and i believe he's a good christian man and i think he's going to bring that back into our country like it needs to be. >> he came from paint creek, texas. he graduated from paint creek. me didn't have paint creek, so what can he do for the nation. >> reporter: in his speech rick perry is expected to tout his economic record in texas but democrats in that state point out the governor has never been tested on the national stage. that process has just begun. t.j.? >> thanks so our jim acosta. at 1:00 eastern time when cnn will have live coverage of rick perry's expected announcement that he is run for president. let's turn to philadelphia. and police there in philadelphia are now saying that maybe their curfew worked. they have been enforcing the city's new weekend curfew law. they say they arrested about two dozen teenagers overnight. it's from 9:00 p.m. to 6:00 a.m. a ban from teen on the streets. in response to violent attacks organized through e-mail and social media. minors and their parents could face fines for $300 for a first offense, $500 if they're picked up again. well, let me bring in reynolds was ming me about this yesterday. are these actual pictures? is this an aboutist rendering of the night's skies last night? >> i believe it is an artistic photograph of the night skies. >> okay. >> a nice little house there in the background. what's beyond that picture you see the night shir with a bursting of meteor shower. i know you're blown away with this, a lot of americans are. it happens every july and august. people have been viewing these for 2,000 years. tonight would be another great night to view them. you can't be in an area with cloud cover. you need perfectly clear skies. even if you happen to be in a big city area. a lot of times it's going to bounce off, the sky in the reflection itself is going to limit your ability to see these. we're going to share with people the best places to be to view these and what to expect weatherwise. it's another busy way. >> see you here in just a second. at ten minutes past the hour, we know a lot of families are struggling to put food on the table and food banks around the country are stretched to a breaking point now. we'll visit a food bank. talk about a problem that actually is getting worse and worse. but first, when it comes to a place called home, where do you get the best value for your money? kiplinger.com has just released the ten best value cities for housing. the top five? number five on the list, volunteers over there, knoxville, tennessee. colorado springs, colorado, number four. nashville, tennessee, comes in at number three. looks like tennessee might be a good spot to be here. the top two cities when i come back in a moment. stay with me. for red lobster we can find. b yeah! 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[ male announcer ] great tasting tap water can now come from any faucet anywhere. introducing the brita bottle with the filter inside. 12 minutes past the hour now. when it comes to getting if best home value for your money, which cities come out on top? kiplinger.com released an annual list. we told you a moment ago number five was knoxville, tennessee, followed by colorado springs at number four, and nashville, tennessee, at number three. the top two spots. check out charlotte, north carolina, coming in at number two. and best value for a home, you need to head on over to omaha. they come in number one on the list. give you a look at the other stories making news across-country. a family back from an overseas vacation runs into a bit of trouble with customs agents over what? forbidden fruit. >> to me it was like, you know what you see on tv, i thought i was going to get handcuffed, my kids. i just thought to cry. >> yeah, we're talking about an an apple, tomato, and a couple of cucumbers that landed suri stein burger's family. it was actually leftover snacks from a 19-hour flight from israel. customs officials say if the family had declared the food, this wouldn't have been a problem. the family says they simply forgot about it and the agents overreactsed. besides some time and some trouble, the oversight actually cost them a $300 fine. well, how would you like this as your problem, after you just won $229 million in the recent powerball jackpot? this is your problem now. you need to decide whether or not you want to take a lump sum amount of $123 million or you want the payout over 30 years. boy, it's tough to be you. the you i'm talking about are minnesota's tom and kathleen morris. they're from roseville. that's the division they have to make right now. tom, though, already made one decision, he officially retired. also in chicago, the home of the misdemeanor wiener, they are enjoying legal victory there. fell lony franks is the name ofe place. they've been in the middle of a two-year-old lawsuit over a sign permit. . the city alderman which thought the company who employs convicts. in court, the sign went up. you can get your felony frank and that misdemeanor wiener, costs about $1.50. wall street, were you aboard for this ride this week? monday, the dow tumbled 635 points. then it was up in a big way on tuesday. down in a big way on wednesday. up again on thursday. and then finally there was a sign that maybe things were calming down yesterday. this roller coaster ride a lot of people say was triggered by the credit rating agency standard & poor's downgrade by the u.s. economy. things may have calmed down a bit ending 125 points after positive retail sales numbers. also a report out this month, so as the number of people on food stamps has reached an all-time high. food banks say they're having a hard time keeping up and fear even worse days ahead. our athena jones visited a food bank in maryland. >> reporter: it's a friday morning in august and volunteers at this maryland food bank are preparing boxes of fresh produce, canned goods, and other items to distribute to people in need. manna food center provides each family with 70 pounds of food every 30 days. what would you do if you didn't come to manna, do you get help from other places as well? >> no, we would run out of food by the end of the month and manna gives us that extra boost. >> reporter: the sluggish economy is taking a toll on family ace cross the country. a record 45.8 million people received food stamps from the government in may. that's one out of every seven people. for many, food stamps alone don't meet their needs or they don't qualify for federal help at all. and some of those who have jobs still struggle to feed their families. >> we've been rationing food and just scraping by. it's just me and my sister working. right now it's hard for both of us to provide for our younger brothers that we have. >> reporter: that's where manna steps in. since 2008 the number of people they have served has more than doubled. >> any growth that the economy is feeling the folks here at manna are not feel that yet. until we see a dramatic change in the economy, we're going to continue to see a dramatic increase in folks who are coming here. >> reporter: manna gets food that is nearing the selby date from 40 area grocery stores. the center also relies on food drives, state and federal emergency food grant programs and donations. >> we have had folks who come in and say i used to be a donor to manna and now i'm standing in your line. i never thought i would be in the position to have to be the one accepting help. >> reporter: for many clients at food banks like this one, what was worse an emergency program has become much more. some worry the increased focus on cutting spending could make it harder for these organizations to feed the hungry. now we have seen some encouraging numbers in recent days. new unemployment claims fell to a four-month low last week but it's too soon to see if that trend will continue. right now staffers at manna expect demand for the food they provide to rise even more this winter. t.j.? >> again, athena, all this talk about cutting government spending and more cuts are coming, how is this going to have an impact on the places like the one you vis i'd? >> we talked to this local food bank and a national organization that feed america that helps feed 37 million americans across the country and they're worried that as this super committee in congress looks to make recommendations for further cuts, $1.5 trillion in cuts, that they will end up targeting programs that, for instance, provide government subsidized food to these programs or that they will cut programs for the needy and that that will increase demand at these food banks and put a strain on their resources. >> athena jones, good to see you. thank you. 18 minutes past the hour now. if the economy goes into a double dip recession, are you rea ready? five things you need to know and maybe need to be doing to make sure you recession proof yourself. that is next. ♪ [ doug ] i got to figure this out. i want to focus on innovation. but my data is doubling. my servers are maxed out. i need to think about something else when i run. [ male announcer ] with efficient i.t. solutions from dell, doug can shift up to 50% of his company's technology spend from operating costs to innovation. so his company runs better, and so does doug. dell. the power to do more. 20 minutes past the hour now on this cnn saturday morning. this madness with the markets this week, i'm sure you saw this. but this is what happened to the dow jones industrial average. investors were pulling their cash away from stocks this week. and they changed their minds and then they actually went back and then changed their minds again. but the dow saw four 400 point swings in a row. first time in history that we've seen that now. you can call this a silver line that almost all the world markets closed up this week. the dow almost back to where it was a week ago. it's not great but that's something. a lot of talk you've been hearing of a double dip recession. how can you get ready for that possibility? let me bring in our clyde anderson who is going to have these five things you need to know? but first up, the talk out there, how serious of a possibility is this now? >> i think it's a definitely a possibility. i mean, look at the way is going. we had this turbulent time in the market. we haven't had the growth we expected or we needed to have. you look at the unemployment numbers. it shows right there. and so when you're looking at that you know, it's almost inevitable that we head in that direction. i tell people recessions are personal because it doesn't affect everybody and sometimes we believe the hype. if i hadn't lost my job in a recession it's going to be different from my friend who lost his job. >> is it going too far to say you can recession proof yourself? you're giving me five tips but it might be taking it too far? >> be right there. prepare yourself right, you won't feel the same. >> how do we do that? >> having that emergency fund. three to six months worth of monthly income saved up. so you want to have that. that liquidity. cash is king still. >> it's hard for people still to save money. >> it's hard but we've got to do it and start somewhere. >> emergency fund. what's next? >> number two, i say number two, you've got to make your you shareholder those unnecessary contracts. two-year contracts on your cell phone, your satellite dish, anything you can shed. you also want to know the laws in your city as far as leases. maybe you're in a lease that's too high. when your income decreases you want to be able to get out. >> you don't want to be locked in on anything. >> number three on the list is make yourself, you need to be the most valuable player in your office. you want to make sure you're the most important person, not just staying late but contributing. decross t decrease expenses and increase the bottom line. >> they don't want to get rid of t.j. >> t.j. is too valuable. >> number four on your list here? >> network, network, network. we've got to network. it's easier to network when yhae a job than when you don't have a job. network within your job and outside your job. not just on social media but putting your face and name out there. >> last thing on the list? >> investing with caution. okay? don't use your bill money to invest in

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