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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 kind of get a contagion effect, if italy falls we re now seeing their interest rates rise on their bonds. this will affect other countries like portugal and spain and maybe france and germany. that s where the interconnection comes in. the united states, the banking system here is very interconnected with what s happening in europe. let s explore the contagion for a minute with chrystia. if ....
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long time. her identity, obviously, hidden there. that appeared on good morning america. she s talking about former penn state football coach jerry sandusky, once a top assistant and possible successor to the legendary joe paterno. he s now facing a 40-count indictment. the allegations detailed a nauseating 23-page grand jury report. in it, the boy whose mother you just heard from is known as victim number one. according to the grand jury document, victim number one testified that ultimately sandusky performed oral sex on him more than 20 times through 2007 and early 2008. but even though he s called victim number one, he s actually the last in a long line of alleged victims that stretches back to the 1990s. we have detailed the abuses, especially two alleged incidents, one in 1998 and one in 2002. the first, a series of fondling incidents was reported to campus and local police as well as university officials and pennsylvania s child welfare agency. ultimately, not ....
paterno s firing sparked riots on the campus. we ll have a live report in just a few moments. kidnapped washington nationals catcher wilson ramos has been found alive. the details, we re just starting to get more of them. we ll have those for you. also, some of the most breath taking parts on earth are part of a new list. the seven natural wonders of the world. let s start this morning on the campus of penn state university. we have a team of reporters there covering this child sex beautiful scandal that erupted this week. our mike ga lan knows is outside the football stadium where penn state will be playing its final home game today. athena jones will be joinings me here with more reaction from the campus in just a moment. mike, i need to get back to you with some of the news we are getting. the interim president says he ll appoint an ethics officer who will report directly to him. the former president. the assistant football coach, mike mcqueary, we ve learned tha ....
make no mistake, this is not a vacation. also a new list of seven natural wonders of the world revealed? but what do you think is missing? maybe you think something is missing from that list. welcome to you all from the cnn center in atlanta. this is cnn saturday morning. we are glad you are right here. let s start on the campus of penn state university. look at this. this happened last night. students, thousands of them, came out for a candlelight vigil to support the victims of the sex abuse scandal. this is the same place where students rioted in support of fired football coach joe paterno just two days ago. we are hearing from joe paterno from his son which says my father is experiencing a range of powerful emotions. he is absolutely distract over what happened to the children and their families. he also wants to very much to speak publicly and answer questions. at this stage, however, he has no choice but to be patient and defer to the legal process. he also sa ....