Transcripts For KQED PBS NewsHour 20150521 : vimarsana.com

KQED PBS NewsHour May 21, 2015

Any kind of white collar job sitting at a computer at a desk, those are going to be very sesupportible to this. Ifill those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial committed to helping you take charge of your life and become youre own chief life officer. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the crisis of migrants stranded at sea in Southeast Asia took a dramatic turn today. Indonesia and malaysia agreed to accept thousands of the refugees. Many, like more than 400 rescued today, are Rohingya Muslims fleeing persecution in myanmar and bangladesh. Malaysias foreign minister announced they will no longer be denied entry. Indonesian and malaysia agreed to continue to provide humanitarian assistance to those 7,000 irregular migrants still at sea. We also agreed to offer them temporary shelter provided that the resettlement and repatriation process will be done in one year by the international community. Ifill in washington, the state Department Said the United States is willing to take more of the refugees, and help other governments with their own resettlement efforts. Woodruff Islamic State militants seized an ancient city in central syria today, raising fears theyll destroy roman ruins. The target was palmyra, which is famed for its 2,000yearold temple, theater and colonnades. Meanwhile, in iraq, Government Troops said they fought off an attack near ramadi, as isis tries to consolidate gains there. Ifill irans Supreme Leader has laid down a new red line in Nuclear Talks with world powers. Ayatollah khamenei spoke at a military academy today, and insisted inspectors will never interview Irans Nuclear scientists. translated no wise person in the world would allow that. They hide their scientists and even keep their names confidential. The rude and shameless enemy expects us to make the way open for them to come here and talk and negotiate with our scientists, such permission will, under no circumstances, be given. Ifill khamenei also rejected giving inspectors access to military sites. The Nuclear Talks are under way in vienna, with a deadline of june 30. Woodruff in another development, iran moved to avert a confrontation at sea, with saudi arabia. The tehran government said it will not try to send a shipload of humanitarian aid directly to yemen, under military escort. Instead, the ship will go to djibouti, for a u. N. Inspection. From there, it would sail to a yemeni port controlled by shiite rebels. The saudis have warned against any effort to send arms to the rebels. Ifill an estimated six million germans faced tough commutes today, after drivers of passenger trains walked off the job. At stations around the country signs and displays alerted travelers to the strike, while drivers demonstrated for higher wages outside. Its the ninth such walkout in 10 months. Woodruff back in this country, the National Security agency will have to curtail its bulk collection of phone records, starting friday. The Justice Department issued that warning today, with parts of the patriot act set to expire june 1. It came as kentucky senator rand paul, a republican president ial candidate, tied up the Senate Speaking against the patriot act. Ifill president obama is calling Climate Change a threat to the nations ability to defend itself. He addressed graduates at the u. S. Coast Guard Academy in new london, connecticut. And, he cited everything from crop losses that feed conflict, to rising sea levels that swamp naval bases. Im here today to say that Climate Change constitutes a serious threat to global security, an immediate risk to our National Security and make no mistake, it will impact how our military defends our country. So we need to act, and we need to act now. Ifill the president said those who deny a human role in Climate Change are placing the country at risk. Woodruff the state of nebraska is on its way to abolishing the death penalty, after lawmakers voted to repeal it today. In a new twist, conservatives supported the measure, citing the costs of injection drugs and legal appeals. Maryland, in 2013, was the last state to end capital punishment. Ifill a crackdown on Prescription Drug abuse swept across the deep south today. Agents from the Drug Enforcement administration raided clinics pharmacies and other sites in arkansas, alabama, louisiana and mississippi. Its part of a nearly yearlong operation. Woodruff and on wall street stocks struggled to make any headway. The Dow Jones Industrial average lost 27 points to close back below 18,300. The nasdaq gained less than two, and the s p 500 slipped two. Ifill still to come on the newshour big banks plead guilty for rigging currency rates worldwide. A rare window into Osama Bin Ladens personal life and the alqaeda network. Scientists link the Deepwater Horizon Oil spill to dolphin deaths in the gulf. Winners and losers as more robots take over jobs. Is there a path to recovery for struggling black colleges and universities . And, female spiritual guides in morocco working to empower women and stop violent extremism. Woodruff big banks and their behavior are again at the heart of a new criminal case brought by the department of justice and other authorities today. Five major institutions pled guilty to rigging currencies and manipulating the Foreign Exchange market. The banks also agreed to pay more than 5 billion combined in new penalties. The fines were some of the biggest brought to date by the federal government. The banks were accused of manipulating the Worlds Largest and leastregulated Trading Market where trillions of dollars change hands. Among those pleading guilty j. P. Morgan chase, citigroup barclays, the royal bank of scotland and u. B. S. At a press conference in washington, attorney general Loretta Lynch spelled out how the rigging worked. Starting as early as 2007 currency traders at several multinational banks formed a group that they dubbed the cartel. Its perhaps fitting that they chose that name, as it aptly describes the brazenly illegal behavior that they were engaged in on a near five year basis. Almost everyday, for more than five years, traders in this cartel used a private electronic chat room to manipulate the spot markets Exchange Rate between euros and dollars, using coded language to conceal their collusion. Woodruff lets learn more about how this worked and punishment that is and is not being handed down. Keri geiger is covering the storyfor Bloomberg News and joins me now. Welcome again to the newshour. You were saying this is an historic first what happened today. How so . Well its really is a fascinating case. I mean to put it into perspective, one year ago we had no banks on with the that had ever pleaded guilty to criminal charges. And today, we have eight banks in total. Weve had two banks last Year Deutsche Bank earlier this year, and today specifically we have five more banks. So it really shows a shift in how the dufs department of jfs is doing Enforcement Actions and policing with the. Theyre taking much harsher penalties for criminal activity that maybe a year or two ago may not have warranted a guilty plea. Woodruff tell us more about what is going on. We heard a little bit of it from the attorney general and how they called themselves the cartel. How does this work . So you have a hand full of traders at each of these five banks, as Loretta Lynch said, participate in these chat rooms. And basically, what they do is coordinate really large multimilliondollar Currency Exchange orders for their client on when theyre going to execute those orders. All at the same time theyre going to 53 and sell large orders of the same amounts of cirns, and what that did was drove the price of the currency either up or down right before the end of the closing day. So they were actually able to manipulate the currency markets. This is actually an antitrust case. So these banks of guilty of colluding to manipulate the Foreign Exchange market, and its very rare that you see a Financial Institution that actually has to plead guilty to any charges, much less an antitrust charge. Woodruff so it sounds faz theres no question the people involved knew what they were doing was wrong, was illegal. What about higherups, keri geiger . Did they know what was going on . And if they didnt, why not . Well, i mean, this calls into the question of basically how banks compliance works. These wall street banks are huge, giant operations, and it looks like that the Senior Executive at these bank addition not know this activity was going on. Im sure if they did it would have been stopped because they, obviously, dont want illegal activity happening at their banks. But larger problem is its become virtually impossible, as weve seen over the last couple of years with all these Enforcement Actions against wall street, to police every individual thats working in these banks. And so you have the result of today where you have five banks pleading guilty to very serious criminal charges, you know, without the knowledge of senior you know, Senior Executives dont have the knowledge that this is going on. Woodruff but they knew big money was being made in these departments, in these divisions. Right. Its very difficult to tell how much the banks actually profited off these trades. It looks like these trades were basically done for the individual traders benefit as opposed to larger profits for the banks. Woodruff keri geiger, why no individual charged . We know there are some names named in what the government said today but this is a fine on the institution. Why arent they going after the individuals involved . We fully expect that there will be charges against the individuals. Those case take a little bit long tore develop. They require cooperation from both the banks, as well as individuals involved in this. So we absolutely do expect the department of jfs to come down with individual charges in this case. Woodruff and what about penalties . Over 5 billion. You add that to what they were find, i guess last november. Its about 9 billion all together. How much of a hit is that on the accounts of these banks. Surprisingly while the numbers are very big and the banks obviously dont want to be shelling out this much money for fines, they are very small. They have been provisioned quarter after quarter, basically what the banks do is they set aside this money each quarter with the expectations that theyre going to have to pay it out. Theyve been under investigation fair long time. So theyve been preparing for these fines for a long time. And it doesnt really hurt the bottom lines. And typically on the days these big settlements are announced and weve seen this with other settlements on other banks the share price goes up or stay flat. It typically doesnt hurt the share prices either. So its difficult to tell if these large fines coupled with guilty pleas actually do deter bad behavior at these banks, even though theyre necessary to prosecute for these crimes. Woodruff it certainly does raise that question. Keri geiger with Bloomberg News we thank you. Thank you. Ifill today, we found out a bit more about al qaeda leader Osama Bin Laden,including what he wrote, what he looked for in recruits and what was on his bookshelf. The information was revealed in a stack of documents released this morning by the director of National Intelligence. Osama bin laden remained fixed on attacking the United States until his death, and he urged alqaedas affiliates to put aside rivalries, in service of the larger fight. Those insights can be gleaned from the material made public today, as mandated by congress. The director of National Intelligence says it was seized after the terror leader was shot dead by navy seals on may 2, 2011. Within the trove, a list of what the seals found on what they called bin ladens bookshelf, including imperial hubris, authored by the c. I. A. Officer who headed the search for bin laden, and obamas wars by bob woodward. The release follows a recent article published in the london review of books by longtime Investigative Reporter seymour hersh. Our president ordered the raid, the seals carried it out, they did kill bin laden, they got in and out successfully and the rest of it is sort of hogwash. Ifill hersh says that, contrary to the official u. S. Account, pakistan knew about and kept bin laden in the garrison town of abbottabad, that the u. S. Coordinated the raid on his compound with pakistan, and that, in fact, very little useful intelligence was seized. The white house has flatly denied those claims. The story is riddled with inaccuracies and outright falsehoods. The former Deputy Director of the c. I. A. , mike morell, has said that every sentence was wrong. Ifill in all, officials made 103 bin laden papers and videos public today. They said the timing was not connected to the hersh story. One handwritten letter, a missive to one of his wives, translated by the u. S. Government, is titled my will, and says if i get killed, and you want to return to your family, then that is okay, but you have to raise my children properly. Another letter turns out to be a job application to join al qaeda. Wouldbe jihadis are instructed to write clearly and legibly. And they are asked who should we contact in case you become a martyr . For more on what was contained in the bin laden documents, we turn to, Brian Fishman a Research Fellow at both the new America Foundation and the combating Terrorism Center at west point. And, greg miller, who covers National Security matters for the Washington Post. Greg miller, you spent the day poring through all of these documents. What did you see after having covered this issue for so long that surprised and enlightened you . Actually, there was one document in there that really jumped out at me and it was sort of something i stumbled through reading through. Its a document its a letter, basically, bin laden sends to one of his wives who had been hiding in iran. In it, he is making plans or trying to make arrangements for him to join him in pakistan, and he reveals that the isolation there has gotten so bad and the security worries so bad that he had thought about moving thought about leaving that compound, and this was just months before that u. S. Raid. And it just sort of shows, you know if that if he had followed through on that and its not clear that he had taken any additional measures to do so the post9 11 history were all so familiar with now might have gone very differently. Ifill Brian Fishman you spent a lot of time reading various previous trawrchs of these documents, or similar documents that have been released. Some of the letters that are contained in there are mundane. Some of them are chilling. Some of them reveal paranoia. Yeah, absolutely. I think the mundane letters the sort of banality of the process of organizing a terrorist group like al qaeda actually is something weve seen over and over and over again. After we invaded afghanistan in 2001 we found similar documents with application processes and saw the same thing, actually in al qaeda in iraq and the Islamic State of iraq in 2006 and 2007 with their foreign fighters. The thing that really jumped out to me about these documents is that Osama Bin Laden was clearly engaged in the process of managing his network up until, you know, just a few months before he was killed. We saw a lot of letters primarily to a man named abdal rahman in 2010 and 2011. Its interesting even as Osama Bin Laden became more isolated in that safe house in pakistan and as gregg said, he had concerns about that process but jihadis and members of the Al Qaeda Network clearly still saw him as this sort of final arbiter of disputes. And thats a really interesting dynamic because only Osama Bin Laden sort of had the authority within the movement to play that kind of role. And we think about his successor after he was killed, alzawahiri hari, its not clear he has the same kind of authority and the movement to project that kind of leadership even though he isnt heard from very often. Ifill greg miller, there have been these questions as we reported raised about the circumstances of bin ladens d

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