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credit card companies. and that s true here too. when you read the fine print, it s eye-opening. they re not going to reduce the fees even for the eight months. what they re going to do is give merchants the equivalent of that amount of cash and keep raising the fees. the cruel joke is by the time any merchant gets some of this money, they will have raised the fees on the merchants more than what they paid out in the first place. so merchants are paying for it themselves. so the bottom line here then, what will this actually mean for any of us who like to use our credit cards? the sad thing is it will mean nothing other than those fees keep going up. we still won t know we re paying them. and we ll all walk around wondering why we don t have the spending power we think we should have. unfortunately, it will be in the pockets of the biggest banks and the credit card companies. so if nothing s going to change, why the big hoopla about this massive settlement? well ....
the cards for the u.s. and this is such a popular area for tourists. i mean, and then you hear about these kidnappings. and they re certainly on the rise, right? reporter: they are on the rise, randi, because in the last year since the fall of hosni mubarak, the area s been more lawless than usual. really it s an explosive mix of militants and criminals and trafficking. but since hosni mubarak s fall, the egyptian authorities really haven t had the bandwidth to pay extra attention to this region because they re dealing with a lot of turmoil and protests and political chaos in cairo and some of the other bigger cities. usually they re pretty good about patrolling the area, but right now it s not their first priority. so there s a lot more criminal activity in the sinai. getting back to the state department, hillary clinton is in egypt on a previously scheduled trim to meet with mohamed morsi. does this change anything about the focus of her visit, do you think, eve ....
how one man was rescued just hours from death. good morning everybody. i m randi kaye. we start this hour with a historic credit card settlement that could have you paying more out of your pocket. if you re just joining us, here s the deal. visa, mastercard and some of the country s biggest banks have agreed to a massive settlement with retailers that totals a whopping $7.25 billion. the lawsuit centers around credit card swipe fees. merchants allege credit card companies were fixing the price on those fees, but the proposed settlement now gives retailers the green light to tack on a surcharge if you use plastic, which could mean a bigger tab for you. and there s much more when you read the fine print. douglas canter, a lawyer for the national association for convenience stores has read all the fine print and joins us now from dc. doug, you have said it is not the retailers or the consumers, but actually visa, mastercard and their banks that win out in this one. why i ....
cnn saturday morning. it is saturday july 14th. i m randi kaye. egyptian security steps up its effort to find and free a kidnapped american couple and their tour guide. a staggering number of murders on the streets of chicago. 259 so far this year. we ll track how illegal weapons get into the hands of killers. and the anticipation builds for london 2012. gold medallist dominique dawes and jacqui joie ner courier si joins me. we begin with the search for two american tourists and their guides. they were kidnapped in the sinai peninsu peninsula. it s the third time american tourists have been kidnapped in that area this year. elise labott has been following the developments for us from jordan. she joins us by phone. elise, what is different would you say about this kidnapping compared to the others that we ve reported on before? reporter: well, randi, in the past a lot of these kidnappings were about money. a lot of them were trying to make a little extra money. w ....