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He has been through this. he understands all the things that have to be done with a big game coming up and players are excited for the game and the responsibility we have. >> reporter: "the new york times" is reporting this morning that joe paterno transferred ownership of the family home to his wife suzanne for one dollar back in july. the home has a fair market value according to the newspaper of $594,000. a lawyer for the paterno family said that the transfer had nothing to do with the scandal. more about estate planning but there has been a lot of speculation about the exposure to civil su...

and good morning to you. it is wednesday november 16th. only two days until friday. ali velshi has the day off. i'm carol costello along with christine romans. welcome to "american morning." >> first up a severe weather warning right now for the new orleans area. jacqui jeras is in the extreme weather center. >> a rote taiting thunderstorm that could produce a thunderstorm any time. jefferson and including the city of new orleans. probably 15 minutes away. get to your safe place right now this morning. this is in effect until 5:30 local time. a radar indicated tornado that could drop...

>> over the past couple of months, we've talked about california going broke. well, maybe we know why now. shop prison shrink in the sunshine state made a whopping $800,000 in total compensation last year. >> it's where the money is coming from. stuart varney joins us right now. you've been bringing out more and more stories about california and where the wasted money is going. now to a prison psychiatrist? >> try this, a prison dentist got $553,000 just for unused vacation pay. another psychiatrist got $594,000 just for unused vacation pay. there are 790 prison doctors, psychiatrists and nurs...

The guy and this other guy, all found there. that might be the other issue. the other thing we were talking about today is that -- you know how the dire straits california is in. they can not keep up with their payments for pensions and other promises and are laying off people today because they can't afford to pay the people who used to work for them. >> steve: they've got this program and last year, they paid out $300 million in departure payments. you know how in private industry, if you have two or three weeks of vacation, if you don't roll it over and you don't use it, you lose it. appare...