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freelander and assistant managing editor at "time." stephen, let's start with you. we know europe's debt crisis has a very direct impact on the u.s. economy. with europe's future still uncertain, how much influence do americans, does congress and president obama have on what's really happening around the world right now. >> not so much. look, a lot of people probably wondering how can a small country like greece and a bigger country like italy throw the entire globally economy into this turmoil. i think the answer to that is it's the first domino to fall. there's a real threat, you k...

into another conference room and there was a bit of pushing and shoving that was going on. cain's security staff was trying to get the press out of the candidate's way so he could give a statement to a group of conservative doctors. basically the questions that were being asked were fairly simple -- reporters were trying to ask cain whether or not he would call on the national restaurant association to release two women who have accused herman cain of sexual harass. of the nondisclosure agreements they reportedly signed in order to receive some financial settlements from that lobbyin...

Mort has touched on one. the challenges in europe, the contagion effect and devastating effect it could have on the economy here and the impact on the presidential race next year. >> the last thing we need right now. >> as we begin to see manufacturing tick up, china faces challenges, if we can't deal with the europe thing we got a problem. but to the volcker rule which calls for separation of moneys used in firms for trading and individual accounts, if indeed this allegation is true, which we don't know with the "new york times" states this morning naturally it spells some other questions, re...

Reckless? negligent? where would -- because harold was just saying, if he'd had a couple weeks if europe had turned around they would have been fabulously wealthy. >> if it's not only reckless, i mean, it's irrational beyond belief. i don't care what -- >> so you haven't made any investments of this kind over the past six months. >> if i did, i made it through people who were doing it and i didn't know about it. >> right. >> because anybody who's been watching what is going on there, that is the single most serious danger to the entire western business world now. you could see a complete colla...

strike. thousands of public employees say they'll walk off their jobs this week as parliament prepares to vote on yet another round of austerity measures. wrnss in yemen's capital say government troops killed at least five people when they opened fire on pro democracy demonstrators. sunday's violence left eight dead and more than 50 wounded. the surge in violence is blamed on al qaeda and the muslim brotherhood. a revolutionary forces commander was killed in sirte in the front line on sunday. many fear the anti-gadhafi fighters are losing the earlier momentum in the battle for mo...