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CNNW Early Start July 13, 2012

long. welcome everybody. welcome to early start. i m ashleigh banfield. good morning. i m alina cho bringing the news from a to c. so weird. we have the alphabet all mixed up. anger, sadness and overwhelming shame at penn state. a scathing report conducted by a former director of the fbi, leaving the school and its legendary coaches shattered. saying joe paterno and top university officials not only hid but empowered a child predator in jerry sandusky. the outrage is spreading so quickly there are calls to tear down a statue of paterno that stands youds of beaver stadium. will more criminal charges be coming? susan candiotti is live in philadelphia this morning. susan, good morning to you. reporter: good morning. yes, you re right. former fbi director lewis freeh laid the blame at the feet of four top penn state officials leaving jerry sandusky free rein to abuse children over the course of almost 15 years. our most saddening and sobering finding is the total ....

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CNNW Starting Point July 13, 2012

white and blue ensemble made entirely in china. lawmakers are outraged for outsourcing the clothing. alina cho joins us with more on that. there s rare bipartisan backlash on capitol hill about this. good morning, everything in the uniform from the beret to the blazer and shoes made in china. they are made by american designer ralph lauren as soledad said and they are just for the opening and closing ceremonies, recently i got an opportunity to look at the olympic gear with david lauren, ralph lauren s son and executive vice president of the company. he said they are focused on making olympians look good. you re meeting athletes and walking in the first olympics, many have never worn a tie or jacket or been on television before. we want the american team and athletes to really look like ambassadors. but the chinese manufacturing has lawmakers furious, kirsten gillibrand and steve israel sent a letter to the chairman of the u.s. olympic committee asking that the co ....

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CNNW CNN Newsroom July 13, 2012

i m suzanne malveaux. america s largest bank opens its books. it ain t pretty. also the late joe paterno speaking out in the wake of the penn state sex scandal. the outcry over teen usa s olympic uniforms. why one lawmaker wants them burned. let s get straight to it. in london soccer star john kerry has been found not guilty of racially abusing an opponent. the two had an exchange of words in a match last october. ter dion eyed they were racially motivated. the world needs airline pilots believe it or not. one of the biggest commercial jet companies says in the next 20 years the air travel industry will need almost a half million more trained up pilots. boeing sums it up this way. the global economy is growing fast and airlines are expanding just as fast to support it. here is the problem. analysts are afraid the pilot shortage will mean trains will suffer and less qualified pilots will be hired. condoleezza rice has said over and over she has no interest in being ....

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CNNW CNN Newsroom July 13, 2012

it is $5.8 billion and counting. that s how much the nation s biggest bank said it lost so far from a complex trading scheme that was supposed to hedge against risk. the updated figures came in as the ceo jamie dimon personally briefed analysts on second quarter earnings which still managed to beat expectations. team coverage this morning, alison kosik live at the new york stock exchange to explain how this could impact all of our wallets. let s start with felicia taylor. you re at jpmorgan chase headquarters in new york. we have a healthy bank, o do we have a healthy bank i guess judging by overall earnings? reporter: actually, we do. the point is let s look at the numbers and what we know now as a result of that risky trade. as you mentioned, a $5.8 billion loss. nevertheless, the company was able to absorb the losses and make $5 billion in the second quarter. so when you talk about the health of the bank, no question about it, they had earnings that outpaced expect ....

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CNNW CNN Newsroom July 12, 2012

and new documents in the case of the man charged with killing trayvon martin. could shed some light on whether or not race played a role. want to get right to it. u.s. military judge held a hearing at ft. hood, texas, today a few weeks before the court-martial begins for major nadal hassan. hassan, he is the army psychiatrist who went on a shooting rampage in back in 2009. he is accused of killing 13 people, all but one of them fellow soldiers. he also wounded 29 others. now attorneys today discussed the makeup of his military jury which has not yet been convened. hassan s murder trial is set to begin august 20th. florida a&m university now looking for a new president. the school s board of directors going to hold a meeting today on rather monday. president james eamons announced his resignation yesterday. he stepped down more than seven months after a student was beaten to death. robert champion. he was a drum major. he died during an apparent hazing incident on ....

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