Transcripts For WJZ CBS Evening News With Scott Pelley 20110

Transcripts For WJZ CBS Evening News With Scott Pelley 20110927



about $80,000. >> we're $50,000, roughly, in the hole. we're probably never going to get that back. >> reporter: not at this race. the case shiller survey found in 18 of 20 metropolitan areas, house prices have declined over the past year. only detroit and washington, d.c. have seen slight gains. what will it take for the housing to get bet recovery? >> why is there going to be a housing recovery? >> reporter: economist robert shiller, co-founder of the case shiller index, has tracked home values back to 1890. >> home prices are not high anymore but they're not low by historical standards. so if confidence were to slip more home prices could fall further. >> reporter: shiller's chart shows that, leaving out the housing slump during the great depression and the housing bubble before the great recession, home prices historically have only risen at about the rate of inflation. >> so i don't know why people are all thinking when is the housing recovery coming? i don't plan on that at all. >> one more! >> reporter: which leaves families like the scotts underwater and out of options. >> it's not that we hate where we're at, it's just at this point we really can't do anything else but be here. >> reporter: the scotts worry another recession could knock even more value off their home. probability shiller says rather than a recovery in house prices, the best to hope for would be just stability. >> pelley: anthony, there are a lot of people out there like the scotts and i wonder if they're waiting to see home prices increase before they put their house on the market. what should they do? >> reporter: they're going to wait a long time, probably. that's the problem. foreclosures are putting an enormous amount of downward pressure on prices. shiller's point is that even after prices stabilize, history shows us we shouldn't expect much of an increase. as you pointed out, this may very well be the new normal. >> pelley: anthony. thank you. we were curious in the newsroom today how the falling home prices today compares with the great depression. as we mentioned, the drop comes from 30.9% from 2006 to 2011. well, the fall in home prices from 1925 to 1923 was 30%, so what we're seeing today is slightly worse than the depression. while the value of homes has been falling, the cost of health care has been rising. a report on health insurance costs today says the average annual family premium is $15,073. that's up 9% from last year. employers generally pick up the majority of the costs. in los angeles today, the jury heard opening statements in the trial of conrad murray, michael jackson's doctor is charged with involuntary manslaughter in the pop star's death. prosecutors started the day today and ben tracy is at the courthouse. >> it was dr. murray's repeated incompetent and unskilled acts that led to mr. jackson's death. >> reporter: in opening statements, prosecutors called conrad murray grossly negligent, a doctor for hire willing to give michael jackson what he wanted: the powerful anesthetic propofol to treat his insomnia. an overdose of the drug killed the singer in 2009. prosecutors played an audio recording dr. murray made weeks before jackson's death. they say the singer was clearly under the influence of something >> reporter: prosecutors also showed the jury this photo-- michael jackson's dead body lying on a gurney, they argue he ended up there because over the course of two months they say dr. murray gave him propofol almost everyday. on the day jackson died, they say murray left the singer alone in his bedroom after giving him the drug. it's normally only used in a hospital. >> he left him there, abandoned him to fend for himself. >> reporter: drchblt murray has admitted giving jackson propofol and other sedatives, but the defense says it was jackson who ultimately killed himself while dr. murray was in the bathroom. >> michael jackson self-administered a dose of propofol that, with the lorazapam, created a perfect storm in his body. that killed him instantly. >> reporter: defense attorney ed chernoff says it was too late for dr. murray to save jackson. >> he died so rapidly, so instantly he didn't even have time to close his eyes. >> reporter: dr. murray, who charged jackson $150,000 per month, was emotional as his lawyers talked of his friendship with the singer. now, members of the jackson family were also here in court today and, scott, that includes michael jackson's parents and his sister janet. >> pelley: the charge of involuntary manslaughter carries a maximum penalty of four years in prison. republican governor chris christie of new jersey is making a high-profile speech tonight at the ronald reagan presidential library in california. his appearance there is adding to speculation-- or for some wishful thinking-- that christie could still throw his hat in the presidential ring despite his repeated denials that he will run. bob schieffer is our chief washington correspondent and anchor of "face the nation" and, bob, i wonder, why the continued interest in christie as a candidate?6nf3f3f3f3f3 regroup. walk us through a scenario. you see a guy, he's fired on your position, you want to respond, he's sitting across the border... >> if a man sits across the border, though we could pursue him, though it's within the range of our weapons an capability of our men, it's not what we do because this is the border region because we try to stay on our side of it. >> reporter: these american soldiers may be the only ones staying on their side. the border is mostly unguarded. the tribesmen on both sides are pashtun-- one culture, one language. >> for us it's the matter of finding a needle in a haystack, finding without they're coming in across the mountain range. we have to make sure we can identify they are indeed insurgents and not just a nomad get to herder moving across the border. >> reporter: every few days, the militants fire rockets at the u.s. base below. the americans fire back. but too often the enemy escapes to safety in pakistan. the lieutenant knows people back home debate this war and he told us this >> i'm glad people question it. i hope they continue to do so. i question it myself and when i question it i come up with the conclusion that this is an important thing to be doing. this is an important place to be. this is something that is worthy of my efforts. this is worthy of the risks my men are taking. >> reporter: there is risk taking we can't see from here. such as strikes by u.s. special forces and c.i.a. drones. but in these vast mountains with outposts few and far between the enemy moves easily across the border. only the americans choose to recognize it. cbs news, paktika province, afghanistan. >> pelley: engineers inspecting the earthquake damaged washington monument face unexpected delays today. a message to washington lawmakers from a billionaire businessman. and more than $200 million in sunken silver may have just been found when the "cbs evening news" continues. 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"gairsoppa" a 412 if the foote british cargo ship sunk during world war ii two by a nazi u-boat. that's the hole made by the torpedo. she was sailing from calcutta to liverpool. when the "gairsoppa" went down 300 miles off the irish coast along with a cargo of tea and silver-- a lot of silver. >> you're looking at about $220 million of value right now. there's potentially seven million ounces, which is 200 tons of silver laying down there. >> reporter: that would make this the most valuable cargo of precious metal ever recovered... although so far the robots have only seen the tea chests. >> if the tea didn't float away, the silver probably didn't, either. >> reporter: the "gairsoppa" with its skylights, gleaming compass and intact bathroom is more than half a mile deeper down than the "titanic," two miles deeper than the well b.p. struggled to cap in the gulf of mexico a year ago. >> luckily for us, the ship's lying upright where the cargo holds open so it's going to be like unloading the ship along the dockside as was intended, just three miles down. >> reporter: starting next spring, unmanned underwater cranes will begin salvaging the wreck, but with gordon's company in for 80% of the haul and the british government 20%, it's a matter of when they'll bring up the silver, not if. jim axelrod, cbs news, new york. >> pelley: a wave of thunderstorms today forced engineers to delay their inspection of the washington monument. they were able to set up ropes at the top of the obelisk and tomorrow they'll be begin climbing down to see how badly it was damaged by last month's earthquake. the monument is closed to visitors but the national park service told us today that it's structurally sound. fixing the economy. the billionaire founder of b.e.t. has some advice for congress and the president when we come back. leading regular toothpastes are not designed to kill the bacteria that polident is designed to kill. polident's unique microclean formula has been proven to eliminate thousands of times more of the germs that can grow on dentures than leading regular toothpastes. that's why it's best to clean your denture by soaking in polident. not just once or twice a week, but every day. using polident on a daily basis will make sure that you are as confident as you can be in that denture. oh, there's a prize, all right. 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the chinese want to do business, you find the vietnamese want to do business, the brazilians. >> pelley: how do you create jobs in this country? >> i don't think we have the leadership either in the white house or the congress. and until both parties agree that the goal is to rebuild the american economy to affect the 21st century in a global environment, we're going to be stuck and it's a little bit frightening from the standpoint of a business person and particularly an african american business person. >> pelley: what do you mean frightening? >> the facts are, african american employment is 16.7%, almost double the national average and probably higher than that when you factor in those people who've given up or those people who can't find real jobs and studies continue to show that african americans are falling behind by every indices you can imagine. homeownership, economic opportunities, access to capital and that to me creates a prescription that could lead to two societies separate and unequal but also to a lot of social unrest. >> pelley: your message to washington, then, is what? >> my message to washington is simply sacrifice your political job for the job that american people want you to do. that's as simple as that. be willing to be a one-term congress person. be willing to be a one-term president. will b willing to be a one-term senator. take that position that the issue before the country are far greater than me returning to washington and starting the same old treadmill over again. >> pelley: robert. will johnson, chairman of r.l.j. companies. 33 years and a few minutes with andy rooney. the end of an era, next. i'm embarking on a journey of epic proportion. i will travel, from sea to shining sea, through amber waves of grain, and i won't stop until i've helped every driver in america save hundreds on car insurance. well i'm out of the parking lot. that's a good start. geico, fifteen minutes could save you fifteen percent, or more on car insurance. your nutritional needs can go up when you're on the road to recovery. proper nutrition can help you get back on your feet. three out of four doctors recommend the ensure brand for extra nutrition. ensure clinical strength has revigor and thirteen grams of protein to protect, preserve, and promote muscle health. and immune balance to help support your immune system. ensure clinical strength... helping you to bounce back. ensure! nutrition in charge! mushroom smothered beef burgers. hearty chicken and noodle casserole. so easy, you just need campbell's cream of mushroom soup to make them and a hungry family to love them. campbell's. it's amazing what soup can do. now save up to 30% off all kenmore appliances through october 1st. plus get an extra 5% off all appliances with your sears card. the kenmore anniversary event >> pelley: you did and he did, writing more than 1,000 original essays to close our sunday evening broadcast on every imaginable subject under the sun. >> there's no doubt about it. dogs are nicer than people. >> pelley: and despite all the fame "60 minutes" brought him as a television journalist, andyne. >> i draw the line when it comes to trimming my eyebrows. you work with what you've got. >> pelley: and he always considered himself first and foremost a writer. he's offered 16 books and countless newspaper columns. his commentary at the end of sunday's broadcast will be number one... 1,9097. >> i've said it and i'm glad. >> pelley: and that last commentary comes this sunday on "60 minutes" at the end of a broadcast that features a story about andy's life and times recorded by morley safer. we always save the best for last. and that's the "cbs evening news" for tonight for all of us at cbs news all around the world good night. now, "entertainment tonight," the most watched entertainment newsmagazine in the world. michael jackson on a gurney the new image, difficult to look at, as the death trial begins today. >> the coroner's office concluded that this was in fact a homicide. >> why the photo was shown in court. the doctor at the center of the trial. will it be as big as

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