Under the authority of the senior judge in the seventh circuit. they would simply answer to the supreme court justice and the state s court system. and that under this system that would exist now, that we did to address the backlog caused by covid, that was something that the district judges here in the county had authority over. leader robert l. johnson thank you for your time and the expla explanation. we ll be watching. we ll be right back. nonot part of it but the whwhole upstairs the whole dodownstairs the whole fridge and the whole secret nap room because is it really a vacation home if you have to share a house with a host? only with vrbo you go by lots of titles.
That s why we have a challenge. you finish your answer and then i ll ask the question. all right, i m done. you ask the question. all right, thank you, leader johnson. here s the question. we ve got the house pbill that has passed. the senate bill is being debated, they re offering amendments right now. again, there is a super majority by riepublicans there in the legislature. the house bill would create this jurisdiction that would cover a wealthier, whiter portion of the city of jackson with this new district. the senate bill would expand throughout the city. if you had to choose between the two that you don t like, is there one that you think is fairer to the people of jackson? well, equal protection under the law is always better. segregating people and carving out a portion where you have a part of the city that will
Creating an unelected state appointed court system in the city of jackson. critics call it a takeover of the predominantly black capital city and worry it will put white conservative officials in control of jackson s criminal justice system. robert johnson is a democratic legislator in mississippi. leader johnson, thank you so much for being with me. i imagine that you would acknowledge that crime is a significant problem in the city of jackson. you ll acknowledge there is a backlog there in the circuit court system. so why is this the wrong plan to alleviate that, to add these judges to try to deal with some of these cases? thank you for having me, victor. the reason it s wrong, and let me correct something about the backlog. there is a backlog but there are jurisdictions in this state that have a greater backlog than jackson, a higher number. and there is no provision but
artur said, we don t have the money, we cannot do it. it s not sustainable, it s not productive. capital, it actually hurts other green energy companies because they cannot get private capitol, you have to have a stamp of approval to get private daughters. battle across the board, that is why you have to stop it. it doesn t work, you have to stop it. thanks for joining us. thank you. [ applause ] jenny beth will offer a few comments in a moment, i wanted to play for you a new video on the energy front, nick who asked that last question traveled with north dakota recently to interview some folks to see the economic boom that they are experiencing, so, if we could cue that up and johnnie, did you want to say anything? yeah, just real quick. i think this video speaks for itself, really talks to the hope that exists when the government is not tanding in the way of private markets and you know, hard work and individuals, so, without further adou we will let you watch it and share it with your networks and tweet@ier energy. thanks. . where else in the country can you find a good paying job? you have to work hard, they are not easy jobs, and you work hard and put in a lot of hours, you get caught up in paying off debts and starting over in life? we did not have to file bankruptcy. this is the american way, you know, if you put your boots on, you go to work and you do it and you provide and there s a lot of people doing just that. i m from new port beach, california and came up here with my daughter to north dakota to open a restaurant. we saw the opportunity for both of us to come here and make something of it that really back in california the opportunity would not have been such. in the 90s, people did not coming here, you graduated high school and wanted to get us on of here as fast as you can, because there was no opportunity. more young locals are moving back to the area, because the opportunities are here. so many people have moved here in the recent pass that a lot of construction is going on. it s when you build homes for four people, six people come. i was listening to the radio today and they said if there s a baseball game, maybe in the first inning, maybe going into the second inning as far as this growth out here goes, because of the recent boom, i think it s all technology. you know, they have always known there but they never could capture the oil from the formation. i m a geoligist, i live in a farm on the northeast of town and been in north dakota for 43 years, some people refer to this as an oreo cookie, you have layers of black rock and shale and you look at the rock, it s hard. it s dense, it s tight. but by drilling, two miles sideways, that is the horizontal component, and fracturing the rock, which means cracking it, you draw the oil out of the entire system. the thing we worry about is the federal government and regulations, particularly the environment. we are concerned that the federal government would look at it and say, we are really not sure, let s put a moratorium on the study, that would be devastating. from a science standpoint i know that we are safe, people ask me am i a environmentalist and yes, i m a farmer. i want good safe drinking water here. i think that the country can learn by what north dakota has done. that is why we tell congress, you guys need to come see this, and come and talk to the people and see what kind of people are here, and see what made this country as great as it is, it s hard work and blue collar people, not the say that we need politicians. but they are not what made this country great. it s people on the ground that made this country great and north dakota is full of them. so we hope that communicates both the process of fracking and the great things that are happening there, and as johnnie said, please share it, it s on the foundry, we have been tweeting about it today, it s about been great to work on that project. concluding things today is our good friend, jenny beth martin, she is the cofounder of tea-party patriots, she has been someone active and involved in the tea party movement right from the start. first inspired by rick santelli and then organized a rally in georgia in which she brought together people and has been a champion for the values that we care about so dearly in heritage. thank you to you. okay, so while many in congress were not asking about the constitutionality of obama care, people around the country were. and we have maintained that the law is unconstitutional, especially the individual mandate, and when we have seen from polling that 80% of americans think the individual mandate is unconstitutional, clearly the people in the tea party movement and the people in the room are making a difference and we are bringing our attention as a nation back to our founding document. to the constitution. and that is what we are doing at tea party patriots, our core values have remained the same since we started. fiscal responsibility. constitutionally limited government and free markets. we are working this year to make sure that we create a mandate for the core values. so, if what congressman jordan eluded to happens in november and voters vote for republicans to maintain control of the house, and republicans to control the senate and the white house, we don t go back to what happened in the early 2 thousands, what happened then when republicans were in control of everything, spending went out of control and we strayed from our cons ttusion. we want to have a mandate that balances the budget and does snot raise taxes. and a fuel repeal of obama-care and a mandate to roll back the regulations so that free markets can work. our country has created tremendous things against tremendous odds from the birth of our country, to defeating nazism, putting man on the moon, defeating communi is sm and the cold war, our free market has created the light bulb and google. we can balance our budget and restore our economy and make sure that government gets out of the way so that free markets work again. thank you. if anyone has any announcements feel free to make them now. anyone? yeah. yeah, i want to yield to ashley from the campaign for limited government. hi, everyone, i m ashley from the campaign for limited government and i want to invite all of you to a happy hour tomorrow. thank you. it s at 6:00 by south capital metro stop. the campaign for limited government, what we aim to do is hold the government as responsible. our first project is to have the states propose or have states force government for a balanced budget amendment and going to the gop inaudible. anybody else? okay. well, see you next week. great. do you know kay carl? k-carl. wrel be showing you we will be showing you two events on friday about military veterans, at 9:00 a.m. eastern time, live coverage on c-span2 and here on c-span3, the pentagon and veterans affairs have a conference on preventing suicide for veterans. live coverage begins at 8:00 a.m. eastern. this weekend on american history tv, harvard professor john stoffer on the civil war and the move to end slavery. one of the interesting facts is that when lincoln gives the inaugural, the self described abolitionists are a tiny minority and they are still hated. what transforms them into respected critics of the american scene is fort sumtner. also this weekend, more from our serious on key political figures who ran for president and lost, but changed political history. the contenders and a look at eugene debs. florida congressman allen west and other leaders held a forum to discuss ways to help african americans in the entrepreneurial world. black unemployment remains at almost 14%, double that of whites. this is just over two hours. well, the our last two individuals have arrived, mr. charles payne and dr. art laugher and i guess after this, i m going to have to talk to them a little bit about how we run things in the military. okay, when you come in late to a briefing with the general, it s not a good thing. that whole personal responsibility thing, huh? well good, it s a pleasure to have each and every one of you here, dr. laffer, we have the spot for you right next to mr. johnson. everyone knows i m congressman allen west from florida s congressional district 22. thank you. and we will get right to the meat of why we are here because i think this is a critical topic that we have to talk about. and i got this little book here that every now and then i go back and read, and it s call rediscovering black conservatism, it was published in 2009, and written by lee h walker. over the past 30 years, billions of dollars have been poured into black communities across the country in hope of curing a host of well-documented social economic problems, including failing schools and inadequate housing, crime and drug abuse, black on black killings, unemployment and more. despite the efforts of many local institutions agencies and school leaders, grass root organizations and community residents, the problems remain. in many instances, these problems have grown worse. i believe it will take new ideas and new voices to find solutions. and that is exactly why we are here today. we are here today to talk about economic freedom as opposed to economic dependancy, we are here to talk about four basic conservative principals and how they can apply to economic revitalization for the black community, that is limited government that is fiscally responsible, that is individual industrialism that leads to self sufficiency, it s the free market that grows businesses and develops businesses, and lastly and most importantly, it s about quality of opportunity that comes from a good education. these statistics i want to share with you are the main reason we are today, unemployment in the black community is 14%, if you understand actual unemployment, it s closer to 18%, twe20%, the highest for the black community was 16%, black teen unemployment is the highest since the depression, median household income is $35,000. you know about the federal reserve survey that came out talking about the decrease in median wealth income, 45%. food stamps up 45%, the black community is at 22%. 32% of blacks li s live below poverty level. incarceration, 48% in the system are black. this is the most telling and why we have this incredible panel led by an incredible general, gentleman. see i promoted you even though you were late. entrepreneurship, the census in 2010, put the percent of population, these are the numbers. 2011, for new start ups. 60% new start ups in the white community, 23% new start ups in hispanic community, 5% new start ups in the asian community, and with 13% of the population, you are only seeing 9% of new start ups coming out of the black community. we have to talk about the free market urban economic revitalization, i can think of no one better to moderate the panel than the gentleman we see on fox business news, charles payne. [ applause ] thank you everyone, thank you very much. congressman west, when you have the panel on amtrak, i like to be a part of too. you know, it s a good thing i m on tv now, this is like 12 years ago, i would have been here an hour early, i would have been a conductor. this is a very series topic obviously. i m serious topic obviously. some of you know me from fox news and business, i owned my own business, i started it out of a one-bedroom apartment, a stock market firm called wall street strategies, i participated as a broker and raised money for a whole lot of different businesses over the years, through the ipo process and reverse take over process. i visited my old neighborhood yesterday in harlem and i have to tell you, it was nice to see all the old friends but it was also very scary. it seemed like time had stopped and progress there is no real true progress that i can see being made. so, there was a lot of work to be done. that is why this is so important. i m not going to demote anyone. i just you know, the pot calling the kettle. everyone knows colonol west, beautiful counties along side south florida s coast line, born and raised in the same neighborhood as doctor martin luther king was born. it was preached that he set up close and has seen up close the devastating effects of failed government policies as several of us in this room can have on anyone particularly black neighbors. after serving 22 years in the army, west retired and brought his wife angela and two daughters to south florida to be closer to his wife s family. the proud conservative and american patriot with the encouragement of friends and neighbors, he decided to make a bid for congress. i don t know if you saw the famous youtube video with colonol west, if you have not seen it, go on youtube and take a look at it. with the purely grassroots approach, launched him from being an unknown to raising the second highest amount of money for congressional candidate in the entire country. that is how powerful that was, yeah. absolutely. [ applause ] and the great thing is that almost all the nations pouring in all the donations pouring in were from individual donors. robert l johnson, founder and chairman, rlj companies, founder of black entertainment television, and robert l johnson, he is the founder and chairman of the rlj companys, his business network, provides strategic investments in diverse port follow portfolios companies, he has all kinds of of services. sports and entertainment, auto dealerships, and video lottery gaming and anything you need before the day is over, he will provide it for you at the right price. now prior to forming rlj companies he was the founder and chairman of black entertainment television and of course, we know b.e.t.providing sports and information for the african american community. it was the first african american owned company traded on the new york stock exchange, he sold it to viacom for 3 billion dollars, give or take a few dollars here or there and remained the chief executive officer through 2006, in 2007, he was named u.s. today s one of the 25 most inluential business leaders in 25 years. that was an amazing accomplishment. robert l johnson everyone [ applause ] thanks charles, for that introduction, and you forgot to tell everyone to go to the stock exchange and buy my hotel stock. rlj lodging trusts. thank you for this invitation, i m delighted to be here as a guest of congressman west, congressman west, i am proud to say i m a voter in his distract. even though i did not vote for him. i say that because everyone knows i m a democrat and been a democrat all my life. the one thing that i find most important about the fact that congressman west is speaking out as voice on african american issues, because i want to quote something john connors here when he said that the congressional black caucus was formed, he said that we should approach politics with no permanent friends or associations, but with permanent priorities. we should think of having permanent interests. and i m delighted to work with adam on a number of issues that he and i see absolutely eye to eye, while we may disagree on the r and the d, we disagree on the need for the economic empowerment of african americans. i have since gone on to create the rlj companies to create a number of successful businesses. and i say all of that to say, that it s not necessarily because i m the smart estimate kid on the block in terms of opportunity, it s because of one fact, that i had early on when i started black entertainment television, i had access to capital. if you can provide, i believe this. more access to capital. to african americans, charles would be talking about a number of people like myself who have been successful. so as an entrepreneur, i know first hand the challenge minority entrepreneurs face. i know the talent, dedication and determination that minority entrepreneurs possess, and the desire for them to be a part of and a contributor to the american dream. for many years i have been vocal about the state of black wealth and the daunting challenges that minority business owners face and as a result of that the entire back community, using a term that most of you in business would understand, i m afraid unless there are realistic changes made for black america, black america as an economic entity is not a going concern. it s debt is out stripping its resources. and therefore it will be more dependent on transfer payments. that is a definition of a nongoing concern. and our question, the lack of access to capital and capital formation is the principal factors for minority businesses and as a consequence, wealth creation within the black community. a wave of troubling economic statistics continue to escalate and further make worse the growing wealth gap that is directly impacting african american families which i have called a wealth gap tsunami. consider these facts from that tsuna tsunami. the wealth gap between white and african american families has quadrupeled for the families. the gap increased by $75,000, from $20,000 to 95,000 dollars. the median welths of white households is 20 times that of black households and at least 35% of african americans have no net assets. study stated for every dollar of white per capita income, blacks had 55 cents, at this pace it would take african americans 581 years to get the remaining 43 cents and achieve income pairity with whites. since the burst of the housing market bubble and the recession that followed, plummeting house values were the principal cause of the lost in wealth. the housing downturn has had a strong impact on the net worth of all americans but particularly african americans. as a result of the declines, the net worth of black households fell in 2005 to 5, $677, a decline of 53%, compare that to the income of a typical white household which is $113,000. the nation s economy and economy have major structural challenges. the likes of which we have not seen since the great depression and they will only serve to magnify the growing wealth disparity unless the harsh reality is addressed. the facts point out that middle income whites have far more wealth than even some high income african americans. equally disturbing as the congressman pointed out, education success achieved by many african americans has not led to racial welths equalth qu. we must increase access to capital. african americans fall way behind to access to indome and capital. the rate for african americans is close to double the white rate for unemployment. this is something that you must understand, throughout my entire life, the african american employment rate has always been double that of whites. ask me under what circumstances would any nation tolerate a generation of 16% to 17% of unemployment for any population? we are today arguing over an 8.2% unemployment rate for the entire country. black america has consistently had an unemployment rate doublidouble that of white americans. those who in society are generating wealth as a result are beginning to look askanse at supporting those who they deem to be nonproductive. ie that big population of unemployed america. you have one group opposing payments in a group of entitlements and another group arguing that we have to protect entitlements. that is the nature of the debate that will be played out in the 2012 election, adding to this growing political conflict is the fact that the minority population, blacks and hispanic, receiving transfer payments in the opinions of most people also seem to be the fastest growing demographic. the group is feeling that they are financially squeezed because they believe they are transferring money to a nonproductive growing class of people. this is a prescription for the kind of political fighting that is taking place in the usa today. republicans are saying no new taxes. democrats are saying ining weu
Transcripts For CSPAN2 U 20120618 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
and look at this, housing prices are down 30.9% since the housing market peaked in june, 2006. we asked senior business correspondent anthony mason to tell us what we should make of the latest numbers. reporter: in their ferndale, michigan home, ray and brianna scott are underwater. deep underwater. it s terrible. it s. it s not the way it should be. reporter: six years ago, they bought the house they re raising their two sons in for $132,000. but even with a slight increase in value in recent months, it s now worth only about $80,000. we re $50,000, roughly, in the hole. we re probably never going to get that back. reporter: not at this rate. the case shiller survey found that 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 recovery? why is there going to be a housing recovery? reporter: yale 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, either, 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 that another recession could knock even more value off their home. robert shiller says that 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. shiller s point is that even after housing 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 current collapse from 2006 to 2011 comes to a drop of 30.9%. while the fallen home prices from 1925 to 1933 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 on june 25, 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: doctor 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: ben thank you very much. 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? reporter: well, i tell you, scott, i don t know if he s going to run or not, his brother just this afternoon was the latest to say he is not, a key insider told us, though, he d be surprised if christie gets in but then he added i would not be shocked. what i do know for sure is this. there are a lot of republicans who want him or someone else to run. the polls show what republicans are telling me they are not happy with this field so far. the conventional wisdom now among republican insiders that i talked to is that if no one else gets in romney will get the nomination but there s no real excitement about him and there s growing doubts about rick perry. herman cain has a solid businessman s resume and makes a good speech and straw polls are hardly reliable but i don t know anyone who believes cain is going to get the nomination, so when he won that straw poll in florida i think it was less about him and more about a repudiation of the others. when bill kristal, a leading republican voice, the editor of the weekly standard , the man who discovered sarah palin, watches a republican debate and says yikes, is that all there is? you ve got to know republicans are not happy. so if christie does get in, scott, he s going to be hugely welcomed. pelley: bob, thank you very much. pakistan says that an american drone fired two missiles at a house near the afghan border today killing three people. it was just last week that u.s. officials accused pakistan of supporting terrorists who cross from pakistan into afghanistan to fight american troops. one reason u.s. troops are still fighting in afghanistan after nearly ten years is the lawless border with pakistan. and we asked willem marx to visit the troops at a remote border outpost to show us why the enemy finds it so easy to operate there. reporter: army lieutenant andrew brundson, from boulder, colorado, climbed up to visit his men at a tiny outpost overlooking a boarder that separates afghanistan from pakistan. i want to be here. i want to be on the edge of it, i want to be where the rubber meets the road, you know? i want to be on the border. and so me and my men are here. reporter: brundson s men with the 172nd infantry brigade are searching for an enemy they can rarely touch. their enemy uses pakistan just over the border as a haven to recruit, rearm, and regroup. walk us through a scenario. you see a guy, he s fired on your position, you want to respond, he slips back across the border. often times if a man sits across the border, though we could pursue him, though it s within the range of our weapons and the capability of our men, it s not what we do because this is the border region, we try to as much as possible 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 where they re coming in across the mountain range. we have to make sure that when we see them we have to identify they are indeed insurgents and not just a nomad goat herder moving across the border. reporter: every few days, the militants fire rockets at the u.s. base below. the americans fire back. fire! but too often the enemy escapes to safety in pakistan. lieutenant brundson 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. just above op-4, all right? reporter: .the enemy moves easily across a border. this is op-1, roger! reporter: .only the americans choose to recognize. willem marx, 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. pelley: we have news tonight of a historic discovery. a british ship sunk by a torpedo during the second world war has been located on the ocean floor and jim axelrod reports it may still be holding hundreds of millions of dollars in sunken treasure. reporter: nearly three miles under the north atlantic, robotic cameras captured a thrilling sight for mark gordon and his salvage team last week. we re getting to see something that s been missing for 70 years. it s the wreckage of the s.s. gairsoppa a 412 foot british cargo ship sunk during world war ii 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. [ male announcer ] inside every box of cheerios are those great-tasting little o s made from carefully selected oats that can help lower cholesterol. is it a superhero? kinda. [ male announcer ] we re not employers or employees. not white collar or blue collar or no collars. we are business in america. and every day we awake to the same challenges. but at prudential we re helping companies everywhere find new solutions to manage risk, capital and employee benefits, so american business can get on with business. all-natural benefiber, the fiber supplement that s taste-free and dissolves completely. so you can put it in whatever you like, even water. benefiber. makes taking fiber easier. while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec®, i can love the air®. pelley: the politicians in washington appear to be stumped- - or at least they can t agree on how to get america back to work. so we have been asking some of america s most prominent corporate executives to weigh in. tonight, robert l. johnson. in 1980, he founded black entertainment television and later sold it to viacom for $3 billion. johnson is now the chairman of r.l.j. which invests in companies in a variety of industries from entertainment to real estate. we asked him for his take on the country s growing debt. i liken what s happening in this country to this scenario: imagine a group of people go to a restaurant and they start eating. well, they don t have enough money to pay the bill. so when the waiter comes with the bill they don t want to pay it, they don t want to make the sacrifice to pay so they keep ordering. that s what we re doing. we re just keep piling on debt. and keep piling on costs because we don t want to make the hard choice. pelley: well, you know that republicans believe that they have it right; the democrats believe that they have it right. and this is a battle of ideology to see who wins. i think what business people are saying, hey, we re going to pull back, sit on the sidelines and let the country make a decision as to which way they want to go in 2012. pelley: it is a fact that businesses across this country are holding on to about a trillion dollars in cash that they have on their books. banks are holding on to about a trillion dollars in cash. and yet we can t get away from 9% unemployment. it doesn t seem to make sense. i ve been in business for over 30 years. i ve never seen a time when there s been more zero-sum game mentality in the united states among political parties. if you were a business person looking at this and you saw two people arguing like that you would say i don t want to do business with any of those guys. and you d go off looking for somebody else that you want to do business with. and you know what you find? 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. be willing to be a one-term senator. take that position that the issue concerning the country are far greater than me returning to washington and starting the same old treadmill over again. pelley: robert l. johnson, chairman of r.l.j. companies. 33 years and a few minutes with andy rooney. the end of an era, next. had no choice. what happened right before the shooting next on cbs 5 pelley: finally tonight, we have an announcement to make about cbs news and one of america s best-loved journalists and essayists. for more than three decades, millions of americans have spent a few minutes with andy rooney on sunday night. now, at aged 92, andy will have his last regularly scheduled commentary for 60 minutes this sunday. you re looking at one of the places i like to be best right here at this desk in my office. pelley: andy rooney has put the exclamation point on almost every edition of 60 minutes with his unique brand of commentary. i wish there was something we could all take to cure us of stupidity. pelley: a war correspondent for stars and stripes during world war ii, andy joined cbs in 1949, writing for such legends as arthur gottfried, gary moore and harry reasoner. then in july of 1978 he began writing for himself. if you like this kind of show i ll be doing for of them. pelley: you did and he did. writing more than one thousand 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, andy never let it go to his head. i draw the line when it comes to trimming my eyebrows. you work with what you 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 1,907. 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 reported by morley safer. we always say the best for last. and that s the cbs evening news for tonight. for all of us as cbs news all around the world good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org to get everyone out. a san francisco apartment building goes up in flames. the nearby business owner who ran in to try to get out. great dogs, great with kids. not the kind of animals that would cause trouble at a park. the horrible accident that ended with police shooting a family s dogs. kicked off a plane for kissing? why an actress is accusing southwest of discrimination. breaking news in san francisco s lower haight neighborhood. firefighters have contained a four-alarm fire at haight and philemon. and fillmore streets. sharon chin reports. neighbors wound up helping neighbors. reporter: fire crews are mopping up. it started athe 4 chock this it reached four alarms and there are no injuries reported and everyone got out
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. [ daniel ] my name is daniel northcutt. [ jennifer ] and i m jennifer northcutt. opening a restaurant is utterly terrifying. we lost well over half of our funding when everything took a big dip. i don t think anyone would open up a restaurant if they knew what that moment is like. day 1, everything happened at once. i don t know how long that day was. we went home and let it sink in what we had just done. [ laughs ] word of mouth is everything, and word of mouth today is online. it all goes back to the mom and pop business and building something from the heart, founded within a family. when i found out i was pregnant, daniel was working on our second location. everyone will find out soon enough i think that something s happening. and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell s. it s amazing what soup can do. it d be easier to compare. you think these all cost about the same. they all give safe drivers a discount. but what s this? only allstate gives safe drivers something more. a bonus check every six months you drive accident-free. so what s it going to be? eenie, meanie, miney. or more. shop less. get more. make one call to an allstate agent. [ female announcer ] call allstate now and you ll also get a free lifetime membership in good hands roadside assistance. 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 the best in nutrition. just got better. now with even more of the vitamins your body needs. like vitamin d. plus omega 3 s. there s one important ingredient that hasn t changed: better taste. [ female announcer ] eggland s best. better taste. better nutrition. the better egg. pelley: we have news tonight of a historic discovery. a british ship sunk by a torpedo during the second world war has been located on the ocean floor and jim axelrod reports it may still be holding hundreds of millions of dollars in sunken treasure. reporter: nearly three miles under the north atlantic, robotic cameras captured a thrilling sight for mark gordon and his salvage team last week. we re getting to see something that s been missing for 70 years. it s the wreckage of the s.s. 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. [ male announcer ] inside every box of cheerios are those great-tasting little o s made from carefully selected oats that can help lower cholesterol. is it a superhero? kinda. [ male announcer ] we re not employers or employees. not white collar or blue collar or no collars. we are business in america. and every day we awake to the same challenges. but at prudential we re helping companies everywhere find new solutions to manage risk, capital and employee benefits, so american business can get on with business. all-natural benefiber, the fiber supplement that s taste-free and dissolves completely. so you can put it in whatever you like, even water. benefiber. makes taking fiber easier. while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec®, i can love the air®. pelley: the politicians in washington appear to be stumped or at least they can t agree on how to get mechanic back to work. so we have been asking some of america s most prominent corporate executives to weigh in. tonight, robert l. johnson. in 1980, he founded black entertainment television and later sold it to viacom for $3 billion. johnson is now the chairman of r.l.j. which invests in companies in a variety of industries from entertainment to real estate. we asked him for his take on the country s growing debt. i liken what s happening in this country to this scenario: imagine a group of people go to a restaurant and they start eating. well, they don t have enough money to pay the bill. so when the waiter comes with the bill they don t want to pay it, they don t want to make the sacrifice to pay so they keep ordering. that s what we re doing. we re just keep piling on debt. and keep piling on costs because we don t want to make the hard choice. pelley: well, you know that republicans believe that they have it right; the democrats believe that they have it right. and this is a battle of ideology to see who wins. i think what business people are saying, hey, we re going to pull back, sit on the sidelines and let the country make a decision as to which way they want to go in 2012. pelley: it is a fact that businesses across this country are holding on to about a trillion dollars in cash that they have on their books. banks are holding on to about a trillion dollars in cash. and yet we can t get away from 9% unemployment. it doesn t seem to make sense. i ve been in business for over 30 years. i ve never seen a time when there s been more zero-sum game mentality in the united states among political parties. if you were a business person looking at this and you saw two people arguing like that you would say i don t want to do business with any of those guys. and you d go off looking for somebody else that you want to do business with. and you know what you find? 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
captioning sponsored by cbs this is the cbs evening news with scott pelley. pelley: good evening. america s economic troubles began when the housing bubble burst and so economists look for housing and any signs of a recovery and today they may see some. a report out today says some home prices in 20 cities rose in july nine-tenths of a percent from the previous month. but prices are still down 4.1% from the previous year. and look at this, housing prices are down 30.9% since the housing market peaked in june, 2006. we asked senior business correspondent anthony mason to tell us what we should make of the latest numbers. reporter: in their ferndale, michigan, home, ray and brianna scott are underwater. deep underwater. it s terrible. it s. it s not the way it should be. reporter: six years ago, they bought the house they re raising their two sons in for $132,000. but we have been a slight increase in value in recent months, it s now worth only 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. [ daniel ] my name is daniel northcutt. [ jennifer ] and i m jennifer northcutt. opening a restaurant is utterly terrifying. we lost well over half of our funding when everything took a big dip. i don t think anyone would open up a restaurant if they knew what that moment is like. day 1, everything happened at once. i don t know how long that day was. we went home and let it sink in what we had just done. 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[ female announcer ] eggland s best. better taste. better nutrition. the better egg. pelley: we have news tonight of a historic discovery. a british ship sunk by a torpedo during the second world war has been located on the ocean floor and jim axelrod reports it may still be holding hundreds of millions of dollars in sunken treasure. reporter: nearly three miles under the north atlantic, robotic cameras captured a thrilling sight for mark gordon and his salvage team last week. we re getting to see something that s been missing for 70 years. it s the wreckage of the s.s. 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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[ male announcer ] we re not employers or employees. not white collar or blue collar or no collars. we are business in america. and every day we awake to the same challenges. but at prudential we re helping companies everywhere find new solutions to manage risk, capital and employee benefits, so american business can get on with business. all-natural benefiber, the fiber supplement that s taste-free and dissolves completely. so you can put it in whatever you like, even water. benefiber. makes taking fiber easier. while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec®, i can love the air®. pelley: the politicians in washington appear to be stumped or at least they can t agree on how to get mechanic back to work. so we have been asking some of america s most prominent corporate executives to weigh in. tonight, robert l. johnson. in 1980, he founded black entertainment television and later sold it to viacom for $3 billion. johnson is now the chairman of r.l.j. which invests in companies in a variety of industries from entertainment to real estate. we asked him for his take on the country s growing debt. i liken what s happening in this country to this scenario: imagine a group of people go to a restaurant and they start eating. well, they don t have enough money to pay the bill. so when the waiter comes with the bill they don t want to pay it, they don t want to make the sacrifice to pay so they keep ordering. that s what we re doing. we re just keep piling on debt. and keep piling on costs because we don t want to make the hard choice. pelley: well, you know that republicans believe that they have it right; the democrats believe that they have it right. and this is a battle of ideology to see who wins. i think what business people are saying, hey, we re going to pull back, sit on the sidelines and let the country make a decision as to which way they want to go in 2012. pelley: it is a fact that businesses across this country are holding on to about a trillion dollars in cash that they have on their books. banks are holding on to about a trillion dollars in cash. and yet we can t get away from 9% unemployment. it doesn t seem to make sense. i ve been in business for over 30 years. i ve never seen a time when there s been more zero-sum game mentality in the united states among political parties. if you were a business person looking at this and you saw two people arguing like that you would say i don t want to do business with any of those guys. and you d go off looking for somebody else that you want to do business with. and you know what you find? 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. this is 9news now. first tonight, back to that carbon monoxide scare in northwest. a building had to be evacuated and more than 40 people taken to the hospital. the 911 call came in at around 3:15 and when the firefighters got to the second genesis drug rehab facility, they quickly figured out the culprit was carbon monoxide. dozens of emergency vehicles had to respond. a total of 43 people hospitalized. three of them in serious condition. well tonight, the fire department says that leek appears to have come from the building s boiler room, most likely from the hot water heater or the furnace. also tonight, did a grandmother toss her grandchild to her death just to spite her