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at it globally, we have nations in asia, china, japan, and others, that don't have enough domestic consumption. they need to consume more, and they need to save less. >> and we need to save more and consume less. and it's these global imbalances, basically our trading partners, loaning us money so that we could live beyond our means. that's what this whole thing, a core problem that led to this whole thing that we haven't fixed yet. >> if you want to understand it, it's the same as our own credit card crisis, banks, kreffcredits loaning us more so we could run up more credit than we could afford. and they were beholden to us and we were beholden on them. and it was a catch-22. if you want to look how to fix it, look at the credit crisis in
keeping this airport open -- >> dual planes on the way to laguardia. >> but the problem now is the airlines don't want to have any planes up in the air right now. >> right. >> the last plane that took off from here was an american airlines' regional jet, that happened around 10:45 in the morning. since then we haven't seen any planes take off, other than a spirit airlines plane around the same time. >> steve, comhad is with me, an he said a couple minutes ago he was seeing planes inbound, now nothing. >> nothing into laguardia. >> nothing into laguardia. no planes headed to you, steve, so clearly it doesn't make any sense for planes to head in while they are trying to clear it up or deal with the wind situation, steve? >> ali, the other thing, i was on the phone with all the major airlines this morning, and every one of them told me they wouldn't chance it until this evening at the earliest. and believe it offer nor not, i
Detailed text transcripts for TV channel - CNN - 20100210:18:03:00 vimarsana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vimarsana.com Daily Mail and Mail on Sunday newspapers.
there is a lot of snow coming down. >> the bigger issue is that if you don't live in one of these places and wondering what the sxhoe commotion is and as general honore says, it is for the people who can't get to hospitals or lose power and don't have contact or phones and people whose roofs may collapse, that is the issue. >> if you went to work this morning thinking two inches of snow on the ground and by the time 5:00 rolls around, there is 10 inches of snow in manhattan and you can't get back home, now is the time to book a hotel, because you don't want to sleep on your desk at work. >> yes, thank you, chad. another thing we will check into is the toyota recall. be careful what ever you are driving on the road. there are allegations that maybe toyota knew more than it let on and didn't do anything about it. we will talk to a reporter who
flights and people were strand hours and hours on the tarmac. i belong to the people that jetblue has made a good decision f it is a blizzard, cancel the flights and don't have people sitting around on the planes. >> i remember a time of seven or eight-hour waits to get into gates at detroit. >> now they cancel. >> because now you have airline bill of rights, and maybe that has to do with the thinking, let's not mess with the airline bill of rights. >> well, steve kastenbaum is at laguardia and we will check in with him and our team is all over the place. you hear this all of the time and the president talks about it all of the time, green jobs, and how they are going to save our economy there. are green jobs out in california, and we will show you thousands of them.
alternative, trying to get into a car, because public transit isn't working. >> reporter: and, ali, right there, that's the entrance to the columbus circle subway station, one of the entrances. you see people just coming in and out. the subways are running underground, under all this, in the outer boroughs, we do have some trains running on the outside. but for the most part, the subways don't have a problem. so, that's why new york city still runs -- >> yep. >> reporter: -- and by the way, new york city offices, they are remaining open during this snowstorm. mayor bloomberg, he's a tough boss, you know? >> if i didn't know better, i think that was a bit of a big from allan chernoff who will be there reporting on the storm. i was going to say stay dry and warm, but i won't even say that, allan, allan chernoff for us in new york. the other thing in new york, the power lines are underground in new york, so the power outages don't occur because of the weight of the snow.
Detailed text transcripts for TV channel - CNN - 20100210:18:04:00 vimarsana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vimarsana.com Daily Mail and Mail on Sunday newspapers.