Transcripts For WCBS Sunday Morning 20160410 : vimarsana.com

WCBS Sunday Morning April 10, 2016

A tradition for generations mason good morning, Charles Osgood is off im anthony this is a special edition of sunday morning, its the money issue. The annual look how we earn, spend, invest. Were not just looking at us. The people of a small island nation have attracted a lot of attention lately by putting their misbehaving bankers on ice, so to speak. As Martha Teichner will report. Iceland is famous for its exotic natural wonders how for Something Else. How many bankers are in jail. Between 20 to 30. Ahead this sunday morning justice, viking style. Mason here at home its some tech savvy whiz kids think theres no need to invest in a college education. John blackstone has tracked them up to on their home turf. Living in your offers, you both gave up harvard for this . Exactly. For all of this. Teenage ceos ditching school trying to become silicon valleys next big thing. Ahead on sunday morning. You probably dont think of coffee when you think the name hugh jackman hes got a second calling, with lee cowan this morning will take a coffee break. Good morning. A small coffee shop in manhattan. Actor hugh jackman is gloating a bit after all heness owns the place. Number one retailing space. Thats what i was told. Per square foot. What the sales are doing half way around the world. Later on sunday morning. Mason theyre digging for a precious stone with the power to change lives. Way down, down under. And seth doane has been watching them at work. In australia theres auto down unlike any other, where almost everyone is on a Treasure Hunt, searching for opals. This is probably the only police in the world where you, you know, you can be broke one day and rich the next. In the land down under, we go way down under. Later on sunday morning. Mason you do what for a living . Thats what were tempted to ask when someone tells us about their very odd job. Showing us some of the weirdest is susan spencers task this morning. Talk about odd jobs. These folks eat dog treats for a living. You dont find yourself wanting to drink out of the powell or new england . Its just like a cookie, just a little drier. From dog treat tasters to chewing gum removers, to human mannequins. People who do weird stuff for money. Ahead this sunday morning. Mason those stories and more first headlines for say 10th, 2016. Belgium Authorities Say Mohamed Abrini has admitted that new attacks were being planned for france. Confessed to being the man in the hat seen on video walking along two suicide bombers. He was arrested is a suspect in both belgium and paris attacks last november. In india, more than 100 people have been killed, 200 hurt in a fireworks display at a hindu temple. Senator ted cruz is all of colorados 34 republican delegates boosting the odds of an open convention. Bernie sanders won wyoming, still split states 14 delegates with hillary clinton. Heading into final in masters, Jordan Spieth holds one stroke lead just ahead of smylie kaufman. Play continues right here on cbs. And just in time for our money issue the cost of mailing a letter is going down. Today the price of a first class stamp falls two cents to 47 cents after a surcharge put in place to help the Postal Service boost revenue expired. Its a step back expect snow and rain from the great lakes to clouds and showers in the west. Warm in texas and florida. The week ahead still cool and flower. This is everything i have, my family. I got to see my dad die on national tv. They dont know what they took from us. People are dying. I believe Bernie Sanders is a protestor. Hes not scared to go up against the criminal justice system. Hes not scared. Thats why im for bernie. Im Bernie Sanders and i approve this message. Mason the crash of 2008 nations on ice. Few took a harder hit than iceland. Politicians and bangers are still playing the price as Martha Teichner reports in our cover story. In iceland, a volcanic eruption of the political kind. Angry proteaceous demanded the resignation of their Prime Minister when last weeks sensational data leak revealed his millions of dollars of undisclosed holdings, in icelands three biggest banks which collapsed during the world financial melt down in 2008. This past tuesday, Prime Minister stepped aside. Iceland is known for its volcanic eruptions among its many exotic natural wonders, and now for Something Else. After the crash, it let its in jail. When the three big iceland banks, all three would have ranked among the ten largest bankrupt tease. Historian magnus sveinn helgasus actually conducts walking tours explaining what went wrong when icelands bankers and businessmen set out to turn a country of only 330,000 people into a world financial capital. These guys, they stylized themselves as corporate vikings, sort of laying claim to the mantle of the original vikings. The banks borrowed massive sums of money then loaned it out at much higher rates of interest to entrepreneurs who, like the ancient vikings, plundered buying up companies worldwide. Money rolled in and a nation of fishermen began believing in the a lot of people seemed to be getting very rich, very fast. Lot of people wanted to join in on that. Katrin jakobsdottir is one of the members of the parliament when this whole house of cards built on debt came tumbling down. Even though the banks also were responsible, as a whole, i think it was the conviction that also, the individuals within the banks had done this. There were huge, daily protests, ten, two, it was called the pots and pans revolution. The entire economy was in free fall, inflation skyrocketed, unemployment more than quadrupled and the big three banks were not too big to fail. They were too big to save, gdp. At the same time, americans were angry, too. In the united states, more than eight million jobs were lost, more than five Million People lost their homes. But congress spent 700 billion in taxpayer money to bail out the banks. And their executives kept right on collecting their high salaries and bonuses. Exactly one u. S. Banker went to jail. Trader kareem sarageldis. Not so in iceland. Olafur hauksson was appointed special prosecutor, given a hefty budget and a mandate. The question here in iceland, was criminality involved. And if there was criminality involved, there would be there should ab prosecution. Outside haukssons office, something not seen elsewhere, charges of market manipulation and fraud ambushed by media. How many bankers are in jail . Between 20 and 30 have gotten sentences of jail. Gudjonsson former ceo will begin serving a fiveyear prison sentence in the fall. This was a part of show. His lawyer, gudjonsson, dismisses the prosecutions as political theater. A witch hunt. People were hungry. So you had to come up with some kind of political solution. The bankers were sent to s. U. V. Prison, no bars. Icelandic journalist allowed in was told we never did anything that wasnt in the interest of the the worst thing was the broken trust. Information Security Consultant marino njalsson was one of thousands of Property Owners who lost homes. Thats why nobody feels pity for the bankers in the jail because they cheated on us. You know, they told us lies. They covered up and we were the one that were paying for it. Icelands economy has recovered. And how it dealt with its banks and bankers has taken on a neat, mythical, they did it right quality for many people. But here as last weeks events ready to erupt at any time. Something trying to hide. Mason ahead. On the hunt. Its bolder, brighter and our blogs are buzzing about it. Its the new musthave look. The designer smile by colgate. New optic white high impact white toothpaste. With a professionally recommended whitening ingredient. For four shades visibly whiter teeth. And. A buzzworthy smile get your designer smile from new colgate optic white high impact white. Some cash back cards are, shall we say, unnecessarily complex. Limiting where you can earn bonus cash back. Then those places change every few months. Please. Its time you got the quicksilver card from capital one. Quicksilver earns you unlimited 1. 5 cash back doesnt get much simpler than that. Whats in your wallet . I try hard to get a great shape. This. I can do easily. Benefiber healthy shape helps curb cravings. Its a clear, tastefree daily supplement. Thats clinically proven to help keep me fuller longer. Benefiber healthy shape. This, i can do. Find us in the fiber aisle. Mason metal detectors like this one are a must for modernday helicopterrers for buried treasure. Luke burbank recently tagged good to go. Its a sunny saturday in the foothills. Sierra nevadas near sacramento, california. Something right there. And ron swenson and mark dayton are on the hunt. Dude. We always find a shovel. Back in the 1800s this was gold rush country drawing thousands of dreamers, a few of them when managed to strike it rich. Something here. These days, though, swensen and daytons goals are slightly more. Are usually more down to earth. Guys, where are we right now . We know this dates to at least 1861. They are metal detector enthusiasts for detectorists. Got over 50 years of experience swinging their coils. Within you are watching star wars do you know what r2d2 are saying . Some which can run from 25 to 10,000. I got a signal. Send Magnetic Field into the ground, the sounds and tones it brings back vary depend can what might be married. The metal detectors. Like a hoe tone is like silver coin and low tone will be like iron. All the metals enbetween have their own tone. Pops up. The sweetest tone of all oh, dude the sound of gold. Wow which he estimates hes found two pounds ever in the last year. Before that, they found some. Huge oh, dude i notice you guys use the term dude a lot. Dude, look at that. For some reason in my every day life i dont say it that often. Dude, look at that. Old pocket knife. When were out digging for some reason dude pops up. This is my hall of fame. In his home Office Located in, believe it or not, el dorado hills, california. A belt buckle. He likes to show off some of his favorites finds. If youre looking for coin this is what youre looking for. Before detectorists can start digging up gold, coins or other stuff, they got to put in time at the library. Studying where mining camps are and they got to get permission from the land owners. You get a lot of comments, you guys are so lucky, good responses, the more research we do the luckier we get. What surprised me was how little treasure we found. This is considered a good day. How little that seemed to matter to these detectoristz when you dig something up the value is irrelevant. Its that thrill of researching it, going out, you actually find it. When you dig it out of the ground and holding it thats the thrill right there. Proof positive maybe that one mans trash really is another mans treasure. Mason next. These people are eating dog biscuits. This job . Jake reese, day to feel alive jake reese, day to feel alive jake reese, day to feel alive this is the first time ive worked on a surface book. And being able to use a pen like this it takes me back to my time as a painter. And i just cant do that on my mac. Listerine kills 99 of bad breath germs. This is 100 useful for a 100 fresh mouth. Whats it like to not feel 100 fresh . We dont know. We swish listerine. As do listerine users. The very people we studied in the study of bold. People who are statistically more likely to stand up to a bully. Do a yoga handstand. And be in a magicians act. Listerine kills 99 of bad breath germs so you can feel 100 in life. Bring out the bold. Mason it takes an odd sort of job to auto his it the reaction, you do what . Spencer will be showing us a few of the weirdest. Having ordinary lunch. Hardly, those are dog biscuits. Im watching this think of im thinking these people are eating dog biscuits. A totally normal thing to do. It is in this office. The office is bocces bakery a family run dog treat company, where employees are expected to test the product themselves before fido gets his little paws on it. You have a team of people who taste this stuff. Yeah. Do we think its strange that we are tasting dog treats. For us its not really dog food we know where it comes from. Originally it came from andrea tovars small kitchen is in new york. She and sister natalia have operated on a core belief. If people deserve all natural, then so do their dogs. How do you break this to employees if this is part of what you are expect. You would be surprised. A lot of them try them without us actually the treats are nearly ten bucks a bag. What a menu. I dont know how to tell you dogs eat garbage. Very picky customers. Maybe, but dogs operate with roughly 1700 taste buds. Humans can have as many has 10,000. Just kent try telling that to office mascots blue and bocce who must be two of the luckiest dogs in america. The bakery sells about eight million biscuits a year nationwide, no ones counting the ones eaten in the office. Try this one and tell me what you think of it. Business is booming. Though requirements for working here might not to everyones taste. I cant believe im going to do this. I noticed you smell it first, right . Yeah. I dont know what that is. Woof. [ laughter ] mason still to come. Youre going to get auto floral. Going to smell it. Beer revolutionary. Mason from hero of the revolution to successful brand of beer, its no wonder so many folks are saying cheers to samuel adams. Serena altschul paid a visit to sams hometown. Craft beer lovers unlock the aromas of hops. You smell this . Learn what a mash is. Its an oatmeal going to turn sweet. Of course, sample variety of bruise. This is brewed with kosher salt which is something i didnt know before but it adds a different layer of flavor to the beer. My favorite ones would be like porters or stouts. Darker, sweeter ones. The hop pe styles are in. Today there are more than 4,000 craft brewers in the united states. When jim cook started his company in 1984 the american beer landscape were very different. American beer was the laughing stock of the rest of the world because everybody thought it was watery and fizz see. Determined to change that jim koch quit his corporate job to brew beer. He thought his father a fifth generation brewer would be pleased. Thought we were going to have great, youre continuing this long tradition. He didnt do any that have. Youve done some stupid things in your life. This is about the stupidest thing. Today sam adams named for one of the fieriest has started a revolution of its own and jim kochs a billionaire. A made in america success story. You get compared to steve jobs, the steve jobs of beer. I thought that was a very kind comparison. Put a ding in the universe im trying to give people a better brass glass of beer. Starting with the great, great grandfathers recipe. The hops that it called for the specific variety were still grown in bavaria. Gosh, that smells like beer. 3 years in jim is as paying natural about beer as ever. Now hes the guy to beet in is there a bittersweet or ironic element to the fact that now i cant even find sam adams in some of these fancy beer bars where you have all of the craze craft beers . Is that frustrating . Not really when i think about the success that sam adams helped create with the craft beer revolution, you know, its been good for me. Infract, jim actively fostered that revolution. Jeremy lees started flounder Brewing Company with a low interest loan from sam adams. What was fantastic about it at the time was we just had a dream. This year, flounder Brewing Company is expanding and his company will help them do it. Sam adams is literally opening the door of their company to us. We get to go up there and meet with any departments we want to meet with. I want to meet with Human Resources people. Larger scale of ingredients so im going to get to meet with supply Chain Management and learn what they have done and so hugely successful. Its an incredible opportunity. Beer is literally in my blood. About. 05, its legal. For jim when it comes to craft beer, he says theres plenty of room for everyone. All 4,000 craft brewers have now gotten to 10 of 12 of the market. We can double. Thats pretty cool. Mason coming up. Valley. Mason a select group of whiz kids seems to be thriving despite having dropped out of college. John blackstone explains why. This does look like a place where a few guys live. For sure. 100 . I sleep right there. You gave up harvard for this . No place id rather be. When brothers kieran and rory oreilly were both accepted to harvard marked the accomplishment with new license plates. They say . Then harvard two. Might change to two dropouts. To be determined. They both quit harvard as undergrads two years ago they were just 18 and 19 when they moved to San Francisco with big hopes and almost nothing else. We moved around a bunch. Three bags of clothes. Every day take it move from hotel to hotel. A bank account was always negative 66 because thats over draft fee. Always globe now living in their office. Every sing l day our mom tries to call us or send food. They created a website. A tool for reediting videos you find online. 17 Million People have used this. The oreillys are on path made famous by some of the Tech Industry biggest names, jobs, gates, zuckerberg everything. Maybe bill gates of the world, zuckerbergs they are in my opinion. Im glad to be part that have. They are part of that, partly because peter thiel one of the billionaire founders of pay pal gave them 100,000 each. He started his surprising give away five years ago. Offering 100,000 to kids who quit college to build new tension. What are you encouraging. You have a great idea, time to pursue is now. Jake is executive director of the fellowship which distributes the money to 20 new dropouts each year. Hope to show tote that this is an at path that people can and should consider and take. Abraham says 105 current and former fellows have created over a thousand jobs and raised 330 million from investors. Only eight have returned to college. Its something we should keep an eye on. For sure. The Selection Committee is applications for this yours 0 fellowships. Most of the applicants would have much better odds getting into the ivy league. It breaks my heart when some of the most Promising Students dont

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