Auto loosdrecht hilversum leasing releasing auto car occasion

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Auto GP6 Euro-Tech: 9mm mededinger.

   Bij de instorting van de Sovjetunie, namen veel van de Middeneuropese landen een diepe adem van vrijheid, die zowel de markteconomie als privé kanoneigendom omhelst--beide lang onderdrukt onder de Marxistische hegemonie. In Januari 1993, scheidde Tsjecho-Slowakije volgens historische en culturele lijnen die tot de Tsjechische en Slowaakse Republieken leiden. Betroffen met het misdadige gebruik van vuurwapens, verleende de Slowaakse overheid draai-binnen een amnestie voor van alle illegaal gehouden kanonnen en toen, wonderof is, gaf hen benieuwd aan hun eigenaars vrij onder een liberale verlenen van vergunningen procedure. In Europa, „liberaal“ heeft een gelukkigere context dan elders. Onder een verscheidenheid van gemakkelijk verkrijgbare vergunningen, kunnen de Slowaakse burgers al manier van lichte wapens, met inbegrip van volledige auto bezitten, en ook verkrijgen verborgen dragen vergunningen.

 

   [WEGGELATEN ILLUSTRATIE]

   [WEGGELATEN ILLUSTRATIE]

   Dit gunstige klimaat stond wapensontwerper Jaroslav Kuracina toe om een al lang bestaande droom te vervullen, worden het oprichten van Grand Power Company en vooruit het brengen van het pistool gehad ontworpen tijdens zijn legerjaren. Dit wapen werd geïnspireerdr, voor een deel, door Oostenrijkse steyr-Hahn, vroeg - 20 het ontwerp van de Theeuw aanwendend een roterende bout voor de sluitenopeenvolging. Een prototype stak 100.000 rondes zonder meetbare verandering die in majorsubstructures in brand tot benoeming k-100 leidt die deze rond-telling in duizenden betekent. K-100, in de bewezen handen van de Slowaakse schutters van de Liga, eveneens succesvol in de concurrentie van het Pistool IPSC van de Productie in Midden-Europa en bereikte goedkeuring in de globale markt. Met hun wederzijdse affiniteit voor overzicht productietechnieken en gedeelde deskundigheid inzake de uitvoer marketing, verrast het die Grote Macht van Salkova Slowakije en STI niet, die van Georgetown, Texas wordt opgenomen, is bij een vergadering van de meningen aangekomen. De grote Macht wenste om zijn voetafdruk over Noord-Amerika uit te breiden en verder, terwijl STI met behoefte aan een volledig-lijnverdeler voor Oostelijk en Midden-Europa, evenals een bewezen de concurrentiepistool van de Klasse van de Productie was. Het tastbare resultaat, dat de distributie van de V.S. in November, 2008 ingaat is STI GP6, een Grote Internationale verbetering Power/STI op fundamentele k-100.

   STI Input

   De duidelijkste STI bijdragen zijn een een nieuwe vorm gegeven hamer en de STI emblemen. Het fundamentele 26 onspistool is 7.9“ L.O.A. SA/DA 9mm, volledig ambidexter pistool, volledig geschikt voor enig actiegebruik krachtens duelduim safeties, een helft-haan hamervangst en een passief blok van de vurenspeld. Het 4.25“ vat opent door omwenteling rond een kader-opgezette dwarsspeld, en blijft op het zelfde vliegtuig zoals de dia tijdens het cirkelen. De ambidextere tijdschriftknopen worden goed begraven in de greep, effectief verhinderend toevallige versie. Het load-bearing kader is van chroom moly staal dat in een ruw-geweven kader wordt ingesloten dat van de polymeergreep het standaard bijkomende spoor heeft.

   Het demonteren de procedure lijkt op Walther PPK, met de scharnierende vooruit getrokken trekkerwacht en het beneden rusten op het kader en de dia die aan het achtergedeelte wordt ingetrokken en hief vrij van de sporen op. Met de gebogen hamer, is het mogelijk te functioneren de dia met hand bezette veiligheid. Onze steekproef GP6 heeft vlot DA en een het kort-terugstellenSA trekker vrijgevend bij 6 pond 14 oz. De veiligheidshefbomen functioneren niet als DE-cockers en die functie vereist verminderend de hamer door hand, een typicalEuropean traditie met vele auto's. De randapparatuur omvat een hard plastic vakje met twee 17 ronde tijdschriften, een gezichtssleutel (Allen moersleutel), en het handboek van een eigenaar.

   Het te weten komen

   Twee 5 schot, 25 yards bankgroepen van elk van vier premie 9mm defensie verteld alle me ik laden kan over intrinsieke accuracyof leren GP6. Het dienstenaanbod JHP van Blackhills, Corbon, Remington andSpeer overtrof twee merken van balladingen met de clusters die zich van 1.8“ aan 2“ uitstrekken. De kogelgaten werden gelijk uit elkaar geplaatst en het is een strenge synch het pistool zich zal groeperen beter dan mijn het ontspruiten aantoont. Het ontspruiten van de bank was ik me bewust van lichte rightward torsie tijdens terugslag in plaats van de gebruikelijke tendens naar de stijging van het leftwardvat.    De vrije status, de hoeveelheid vatstijging en de terugwinningstijd schenen normaal voor 9mm, hoewel het rechtstreeks van de as van het doel steeg. Ik ben niet zeker of dit op één of ander compenserend effect van het roterende vat wijst of slechts een functie van lage recoilingcartridge is. In elk geval, is GP6 terug op doel met maximumspeedand minimumdrukte.

   Praktische aspecten

   Het lopen door Texas verborg de vaardigheidsdemonstratie van het Pistool zoals een manier om één of andere praktische functie te testen, ik vond de overgang van de aanvankelijke schoten van DA naar SA naadloos was, met de rondes van DA beëindigend in de zelfde groep zoals de rest rondes in elke opeenvolging. De brede, vlotte trekker is een positieve factor in dit. Het grootste deel van 50rounds die in de x-ring van standaard B-27 is geland richt, keurig uitwissend het. DA/SA overgangen die strak in het hoofdgedeelte van het doel van 50 voet worden gegroepeerd. Bij 25 yards, is de in brand stekende enige actie, hoofd shotson B-27 de agenda.

   Één of andere Minuses

   De veiligheidshefbomen liggen dicht bij de greep en verhogen niet de algemene dikte van 1.3“ over de greep. Ik vind hen een beetje minder toegankelijk dan zeg, de standaardveiligheid op 1911, of een aantal otherpistols met meer protuberant veiligheidshefbomen. Dat waargenomen tekort zou zonder twijfel met praktijk verminderen. Vaak, levendig hoewel de niet hevige toevoeging van een geladen tijdschrift de dia om zou veroorzaken te dalen, ladend de kamer. Dit zou als negatieve factor kunnen worden beschouwd--of positieve als u het kon constant doen. Ik ben niet zeker als u kunt aangezien wij niet probeerden. In het bijzonder, gebeurde het zelfde ding met de tri-Actie van Daewoo die wij tezelfdertijd bij de waaier hebben gehad.

   De GP6 dia die terug positief op leeg wordt gesloten en die geen tendens nog wordt getoond naar de overeenkomst van het diaeinde met rondes in het tijdschrift. Een echt negatieve factor in mijn mening is het gebruik van een plastic gidsstaaf. Geen twijfel is deze regeling goed doorgelicht en geweest duurzaam en functioneel in algemeen gebruikt. Niettemin, bewees ik boven twijfel a schvantz-fingered kanon-meetapparaat dat de dia om van het pistool in een het van een lus voorzien baan tijdens hermontage toestaat te vliegen--als slechts wij videocamera het gaan hadden gehad--kan één hiervan over een duim van het uiteinde afbreken. Ik zou veel een metaalgidsstaaf verkiezen, misschien van één of andere legering die met de uitdrukking „ruimte-leeftijd vooraf wordt bepaald.“

   Wensen

   K-100/GP6 concurreert met succes met dergelijke Europese normen zoals CZ 75 en het is variaties. Er is een u-buisvideo van de mensen die van de theGrandMacht een volledige automatische productievariatie in brand steken (http://www.youtube. Com/horloge? v=4sgf6WBrEjY)--een verdere demonstratie van de beroemde duurzaamheid van het basisontwerp. Het heeft een sterke aanwezigheid in Europese en Zuidamerikaanse politie gevestigd en de militaire cirkels en onder burgers die vergunning om worden gegeven om te dragen verborgen. STI Internationalprovides de volledige dienst en technische steun.

   Voor meer info, Internationaal STI, 114 Halmar Inham, Georgetown, TX 78628; (512) 819-0656; e-mail: sales@STIGuns. Com;

www.stiguns.com

.

 De Groep van de Snelheid van de lading * (Duim)

 Zwarte Heuvels 124-JHP +P 1.171 1.8

 De Boerderij van de Donder van Corbon 115-DPX + P 1.185 2

 De Gouden sabel 124-JHP 1.091 1.9 van Remington

 Speer 125-gouden Persoonlijke Dol

    Protectio 1.113 1.8

 115-bal 1.098 3.3 van de onafhankelijkheid

 Zwarte 124-bal 1.119 2.6 van Heuvels

 

 * Snelheid bij 15 voet, gemiddeld van vijf rondes.

 

 STI GP6

 SPECIFICATIES

 

 Kaliber:       9x 19

 Trekker:       DA/SA (SA trekkertrekkracht 6 lb./14 oz.

 Capaciteit:      5, 17 (geleverde) 19 rondes

 Lengte:        7.9“

 Vat:        4.25“

 Hoogte 5.26“

 Breedte:         1.3 (Greep)

 Gewicht 26 oz.

 Veiligheid:        Ambidextere duim/half haaninkeping

                het passieve blok van de vurenspeld

 Gezichten:        Het regelbare achtergedeelte van de luchtturbulentie, punt drie

 Eigenschappen:      Ambidexter tijdschrift, diaversie,

                Bijkomend spoor

 Toebehoren:   Zeer belangrijk gezicht (Allen moersleutel), harde doos, twee

                tijdschriften, schoonmakende staaf.

 Prijs:         $656.44

 


Lading-DATUM: 2 april, 2009


TAAL: ENGELS


Acc-nr: 196302711


Publicatie-TYPE: Tijdschrift


Dagboek-CODE: 0BTT ZO VLUG MOGELIJK


 


 



 


 


Gezette GLB-en-Handel in de Boomstam, waar het Geen Probleem kan veroorzaken


BYLINE: WILLIAM O'KEEFE


SECTIE: Kwesties & Inzicht; Pg. A19


LENGTE: 860 woorden


Toen het lopen voor voorzitter, begon Ross Perot met een bespreking van belangrijke problemen door te zeggen wij „onder de kap moeten kijken.“

Dat is eenvoudige maar slimme raad. En met de Democraten die van het Huis een rekening van het ontwerpklimaat vroeger vrijgeven deze week, is het tijd voor wetgevers en het publiek van de V.S. „om onder de kap“ van GLB-en-handel te kijken.

Gericht op het verminderen van het broeikasgasemissies van ons land, is een GLB-en-handelsbeleid goed-intentioned.

Nochtans, schijnen de verdedigers van de verordening om achter die goede bedoelingen als manier te verbergen om ernstige vragen over de „te doen afwijken kappen“ van het beleid: De reden voor het bepalen van specifieke emissiesniveaus, het praktische aspect van het krijgen van hen juist, en de mogelijke kosten om hen verkeerd te krijgen.

Neem bijvoorbeeld, het GLB-en-handelssysteem dat in de ontwerprekening wordt geschetst die door de Energie van het Huis en het Comité van de Handel Voorzitter Henry Waxman vorige week wordt vrijgegeven. Het verzoekt een 20% vermindering van greenhouse-gas emissies van de V.S. tegen 2020.

Aangezien de emissies meestal van energieverbruik (verwarmend uw huis, dat uw kruidenierswinkels koelt, die drijven te werken, enz.) worden geproduceerd, zouden deze doelstellingen energie effectief het rantsoeneren verplicht stellen.

Voorts zijn deze doelstellingen niet gebaseerd op economische of technologische werkelijkheid.

De 2020 emissies GLB die in de rekening van het Huis worden voorgesteld is niet gebaseerd bij wetenschappelijk feit en de strenge analyse. In plaats daarvan, is dit soort hard GLB het product van politieke retoriek.

De factoren dat de wetgevers zouden moeten het weten plaatsen effectief emissieskappen zijn hoofdzakelijk unknowable op dit ogenblik (en voor veel van de periode die door de wetgeving van Waxman wordt behandeld). Aangezien de emissies het resultaat van fossiele brandstofgebruik en van het landgebruik veranderingen zijn, het plaatsen vereist de realistische kappen een uitvoerige kennis van alle factoren die energie en landgebruik beïnvloeden. Deze omvatten:

** Veranderingen in bevolking, leeftijdsdistributie, en familiegrootte;

** bevolkingsdichtheid en distributie;

** economische groeipercentages en de mengeling van economische activiteiten;

** de mengeling van energiebronnen, energieprijzen, de groei in kernmacht en alternatieve energie;

** de mengeling van vervoersvoertuigen;

** technologische voorsprong en doorbraken en het tarief waarbij de nieuwe of bestaande technologieën worden goedgekeurd; en

** de omzet van het aandelenkapitaal van de natie.

Sommige factoren zoals bevolkingstoename en energieprijzen kunnen redelijk goed tijdens de korte termijn worden geschat. Nochtans, aangezien de planningshorizon zich verder weg beweegt, zeer vermindert de capaciteit elk van deze factoren nauwkeurig om te beoordelen.

De waarschijnlijkheid van het kennen van de meesten van hen goed genoeg om realistische kappen te plaatsen is -- statistisch sprekend -- nul. Als deze factoren niet redelijk goed voor 2020 kunnen worden gekend, zijn die voor 2050 nutteloze speculatie.

De zuivere speculatie is nauwelijks een goede basis voor beleidsmandaten.

Het vermoeden van voldoende kennis voor centrale planning is niet nieuw.

Het is wat de laureaat Friedrich Hayek van Nobel de „fatale zelfgenoegzaamheid.“ noemde Er is geen historisch bewijsmateriaal dat om het even welke overheid ooit een belangrijke economische interventie die zoals gepland werkte, zelfs met middenbaancorrecties heeft gepland.

Het ontbroken olie en prijstoewijzingssysteem van de jaren '70 toont duidelijk de futiliteit van dergelijke pogingen aan.

Onvermijdelijk, goed-intentioned bureaucratische acties hebben onbedoelde gevolgen die economisch vernietigend en beschadigend blijken.

In het geval van emissieskappen, zou het Congres manieren moeten vinden niet alleen om de groei in emissies tot 2020 te vermijden die van nu door standaard economische modellen worden ontworpen; de wetgevers zouden ook emissies onder het niveau van 2005 moeten verminderen, terwijl gelijktijdig het bevorderen van de gezonde economische groei.

Dat is geen kleine prestatie.

De projecten van de Vooruitzichten van de Energie van het Beleid van de Informatie van de Energie die de emissies van Co2 -- het primaire broeikasgas -- meer dan zes gigatons in 2020 zal zijn.

En die raming is verminderd om op de recente energiewetgeving en de lagere economische groei te wijzen.

Het bereiken van een 15% tot 20% vermindering van het niveau van 2005 van ongeveer 5.9 gigatons betekent dat in de loop van de volgende 21 jaar, de manieren zouden moeten worden gevonden om één gigaton of meer van Co2 te elimineren.

Om te beoordelen hoe praktisch namelijk één-gigaton- vermindering het equivalent van het verdubbelen van de mijlen per gallon alle lichte plichtsvoertuigen op de weg is.

De recente wetgeving die een verhoging van de Collectieve Gemiddelde Economie van de Brandstof, KOFFIE, normen verplicht stelt vereist gemiddelde mijlen per gallon om 35 te zijn tegen 2020.

Hoewel er een volledige omzet van de autovloot tegen 2030 zal zijn, is het niet waarschijnlijk dat de gemiddelde op-weg mpg zal verdubbelen.

De extra verminderingen zouden uit de sector van de machtsgeneratie moeten komen.

Één-gigaton- vermindering is er het equivalent van de bouw van 136 nieuwe kerncentrales of 273 emissieloze met kolen gestookte installaties.

U zou onder zware druk zijn om iedereen te vinden wie gelooft dat de omvang van bouw waarschijnlijk is.

Dat die het geval is, het is belangrijk om te vragen: Waar de nodig verminderingen zullen komen uit?

Als het Witte Huis en het Congres een duidelijk en overtuigend antwoord niet kunnen geven, is het beleid eenvoudig niet klaar over te gaan.

De huidige economische pijn die wij ervaren en de goede bedoelingen die tot het bijdroegen zou een les moeten zijn zorgvuldiger te betreden en -- af en toe -- om een goed te nemen kijk onder de kap.

de presidentambtenaar van het Marshall Instituut, is voorzitter die van Oplossingen Inc. raadpleegt.


Lading-DATUM: 9 april, 2009


TAAL: ENGELS


Publicatie-TYPE: Krant



BRIEVEN


SECTIE: REDACTIE


LENGTE: 1595 woorden


Bailout TARP een lening, niet een weggevertje

De bailout TARP fondsen aan banken moeten, plus rente worden terugbetaald. Maar toch critici van overheid en alarmistmedia mensenspoor over de banken die met belastingbetalergeld op:kopen dat enkel wordt weggegeven. Zij proberen om luisteraars en lezers te alarmeren door te zeggen dat de last van dit belastingsgeld aan de schuld van onze kinderen en kleinkinderen zal worden toegevoegd.

Deze zogenaamde journalisten zouden ons door het feit misleiden dat te negeren het Verontruste geld van het Programma van de Hulp van Activa aan banken een lening in de vorm van aangewezen voorraad is die tijdelijk door de belastingbetalers wordt bezeten. En deze aangewezen voorraad produceert rente aan een tarief van 5 percenten per jaar aan de belastingbetalers. En de rentevoet gaat naar 9 percenten na 5 jaar. Zo is het in de rente aan banken die fondsen TARP ontvangen om achter hen zo spoedig mogelijk te betalen. De enige manier deze banken de terugbetaling plus rente kunnen vermijden is over door FDIC te ontbreken en worden genomen.

Sommige banken reeds betalen het geld TARP terug. Het noordelijke Vertrouwen in Chicago is reeds de $1.6 miljard van de overheid investering teruggekeerd. En de Bank van de V.S., die takken in Arkansas heeft, verminderde onlangs aandeelhoudersdividenden tot vrij geld om zijn $6.6 miljard fondsen terug te betalen TARP. Zelfs heeft de verontruste Bank van Amerika een plan aangekondigd om terug zijn $45 miljard in overheidsbailout geld te betalen.

Verlicht zo omhoog, critici. Het geld zal plus rente worden terugbetaald.

JIM LANCASTER Sheridan

Verzekering niet behandeling-helemaal

Waarom proberen de overheidsambtenaren om elke Amerikaan om gezondheid en tandverzekering te dragen te overtuigen? Waarom denken zij wij deze dekking moeten dragen wanneer het zelfs niet de rekening betaalt?

Wij proberen om een tand behandelde gezondheidskwestie te hebben, en wij allebei hebben tand en gezondheidsverzekering door onze respectieve werkgevers. Niet alleen halen zij een 12-24 maand wachtende periode aan, dan verklaren zij dat zij voor bepaalde procedures en de anesthesie zullen betalen om voltooid hen niet te hebben.

Dit is geen reeds bestaande voorwaarde. Het is met betrekking tot de gezondheid. Waarom kunnen niet de overheidsambtenaren de verzekeringsmaatschappijen het zelfde bedrag over de natie aan elke tandleverancier voor elke betalen maken procedure die medisch noodzakelijk in plaats van het toestaan van de verzekeringsmaatschappijen om is wat en wanneer de diensten te plukken en te kiezen kan worden terugbetaald?

De verzekering is zulk een racket.

KRISTY BAUMGARDNER Hensley

Het nauwkeurige onderzoek kwam te laat

Elk persagentschap ontleedt alles die President Obama zegt of doet. Dat is aangezien het zou moeten zijn. Ik ben hoeveel beter benieuwd van het land zou geweest zijn als de media het zelfde nauwkeurige onderzoek op het beleid van Bush hadden toegepast. Misschien zou George W. Bush geen preventieve staking op Irak terwijl het overtuigen van het publiek gemaakt hebben dat Irak voor de aanval op ons land verantwoordelijk was.

Misschien als meer aandacht was besteed aan wat het beleid van Bush deed, zou men opgemerkt hebben dat gedaan alles aan zijn vrienden moest ten goede komen, d.w.z., grote zaken, die het land toestaat om in een recessie te gaan.

Nu hebben wij een oprechte jonge mens die schijnt om de beste belangen van het land bij hart te hebben. Hij probeert om het land te helpen door om problemen te proberen te bevestigen die gerichte vóór nu gelijkaardig zouden moeten geweest zijn de economie, gezondheidszorg en het milieu.

Alles moet worden betaald voor. Het is slechts eerlijk dat de mensen die onderbrekingen voor de laatste acht jaar nu zijn geworden hun aandeel belastingen betalen. Het is niet te laat om de politiek van de afgelopen acht jaar te vragen van het herhalen van deze fouten te houden.

JAMES D. WEST Monticello

Probeer plantend sommige bomen

Mijn zoon informeert me die hij heeft betroffen dat wij het globale verwarmen hebben, zodat probeerde ik om waarom te berekenen.

Ooit in het verleden groen, leerde ik, namen de bladinstallaties in kooldioxide en gaven de zuurstof terug in de atmosfeer vrij, zodat de meer bomen snijden wij, worden minder deze oxyden verwerkt en zij rusten eenvoudig in de atmosfeer.

Aandrijving door het reusachtige gebied van West-Little Rock, waar duizenden bomen zijn verminderd om parkeerterreinen voor auto's te maken, die hopen van kooldioxide en niet-oxyde uitzenden. Kunt u gissing het grote aantal enkel gesneden bomen elk jaar om krant of kartonvakjes te produceren gelijk maken?

Laag van Harvey veroorzaakte elektriciteit bij Dam Remmel op de Rivier van Arkansas, en toen toen de vraag groter gekregen, hij de Dam van de Timmerman bouwde, gebruikend water om elektriciteit te veroorzaken. Tegenwoordig, veroorzaken wij elektriciteit in met kolen gestookte installaties, vrijgevend alle broeikasgassen van de hogere atmosfeer. De elektrische centrales op de vele rivieren zouden niet alleen deze gassen verminderen, maar controleren eveneens hen.

Het maken van ontwikkelaars zou de een aantal originele bomen verlaten moeten worden vereist. Door de manier, hoeveel van zij die werkelijk in het globale verwarmen geloven ooit een boom hebben geplant? Waarom kunnen wij geen veel bomen op percelen van planten land die het liggen braakakker die zijn, niet als landbouwbedrijfland of weiland wordt gebruikt? Ga voor het. Plant een boom.

JIM McALLISTER Little Rock

Meer banen die de V.S. verlaten.

Niet kan de briefschrijver Deane Willey wat zien gebeurt? Co. van de Chocolade Hershey verzendt 300 banen naar Mexico om de mensen uit te helpen die niet genoeg geld konden maken naar hun mensen daar terug te sturen. Nog eens 100 banen van Tyler, Texas, dat de grens springt.

In de vroege jaren '80 toen ik door Skil Corp. werd tewerkgesteld, verzonden zij een lijn van cirkelzagen naar Mexico. Wij waren tegelijkertijd omhoog omvat, zodat scheen het als een goed idee. Niet springt zulk een goede idee omdat er Skil niet meer in Heber bestaat op.

Ik ben zeker de Amerikaanse banen overvloed van goedkope handarbeiders zullen vinden, zodat één dag spoedig misschien kunnen de Amerikaanse arbeiders zuiden van de grens bewegen en een baan vinden. Ja, spoedig zal de loonsschaal niet van belang zijn. De mensen zullen over minimumloonbanen vechten. In elk geval, minstens is het binnen een warmer klimaat Mexico-als u levend kunt blijven.

De Lentes van PEGGY WOLFE Heber

De uitgave is nog hoger

In elke brief aan de redacteur betreffende de belasting op sigaretten die ik in de democraat-Krant las, zou het schijnen dat niemand is geïnformeerd over het verloren geld wegens medische uitgaven en verloren productiviteit.

Begin 2002, gaven de Centra voor de Controle en de Preventie van de Ziekte een studie aantoont vrij die dat elk pak sigaretten die in de V.S. worden verkocht natie net iets meer dan $7 in medische behandeling kostte en productiviteit verloor. Ja, is dat per verkocht pak.

„Er is een groot verschil in de kosten aan de maatschappij en welke maatschappij in belasting terugkeert,“ Dr. Terry Pechacek, de verwante directeur van het bureau van het agentschap van het roken en gezondheid, werd geciteerd zeggend tegen de Tijden van Los Angeles. „Wij geloven de maatschappij een last voor de individuele gedragskeuzen van de rokers.“ draagt Onlangs, toont de tabak-Vrije Website van Jonge geitjes aan dat de nationale gemiddelde kosten per verkocht pak aan meer dan $10 zijn gegroeid.

Deze kleine belastingsverhogingen komen niet overal dichtbij het kunnen voor het eindresultaat van het besluit betalen te roken. Als de hogere belastingen op sigaretten meer mensen om dwingen op te houden met, dan kunnen onze belastingsdollars aan meer lonende dingen en minder op de gezondheidszorg van mensen worden besteed die verkiezen om en vaak anderen met hun gewoonte te berokkenen.

De Hete Lentes van de VLAAMSE GAAI LAWSON

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Tevreden om uw congreslid te contacteren om nr over de voorgestelde Ontwikkeling, de Hulp en het Onderwijs voor Vreemde Minderjarigen, of de DROOM, Akte te stemmen. Deze handeling, indien overgegaan, zal amnestie [wat] onwettige vreemdelingen verstrekken, die ook als niet gedocumenteerde immigranten worden bekend.

Alle mensen die wettelijke vreemdelingen willen worden moeten alle wetten van de Verenigde Staten uitvoeren. Anders, zal onze overheid mensen belonen die de wetten van onze natie breken. De mensen die geen wettelijke vreemdelingen zijn zouden, b.v., permanente ingezetenen, niet het onderwijs van de in-staatsuniversiteit op kosten van de belastingbetalers moeten mogen ontvangen. Als deze handeling wordt goedgekeurd, dan moeten de staatsoverheden in-staatsonderwijs aan allen van uit verstrekken - staatsingezetenen. Anders, zullen wij onderscheiden.

Bovendien kon dit de deur voor buitenlandse ingezetenen potentieel openen die juridisch de Verenigde Staten zoals diplomaten en universitaire uitwisselingsstudenten ingaan. De belastingbetaler zou slechts moeten verantwoordelijk zijn voor het verstrekken van kortingsonderwijs, d.w.z., in-staatswoonplaats, aan ingezetene „wettelijke“ vreemdelingen.

De overheden moeten ophouden makend speciale regels voor specifieke individuen die de wetten breken. Anders, heeft de Grondwet van de V.S. geen waarde.

BARON D. DAVIS Little Rock

Onafhankelijkheid mogelijke

Het is zuivere verwondering dat wij Amerika aan vrij kunnen mobiliseren ons van buitenlandse olie ten gunste van meer groene binnenlandse bronnen op dezelfde manier als leidde John F. Kennedy ons tot de maan.

De technologieradioactieve neerslag van het ruimteprogramma hielp onze industrie en economie aandrijven. Het zelfde zal van een energie „maanschot.“ waar zijn Wij kunnen geen specifieke nieuwe doorbraak voorspellen, maar wij weten dat er nieuwe technologieën zal zijn geen die wij van ons huidig standpunt kunnen op tijd doorgronden.

Het resultaat zal nieuwe producten zijn om de cyclus van dollars te versterken en ons Bruto binnenlands product uit te breiden. Wij zullen professioneler en beter-betalend banen en meer kansen om nieuwe ondernemingen te beginnen worden.

Wij hebben geen keus dan om het hemorrhaging van dollars aan onstabiele landen tegen te houden, die in zich niet genoeg Amerikaans product kunnen verbruiken om handel in evenwicht te brengen. De voorzitter zei dat wij moeten ophouden lenend geld van China om voor buitenlandse olie te betalen. Dat is de enige duidelijkste manier om de kwestie uit te drukken.

Wij moeten ook onze eigen mensen over het effect van hun stem met elke bestede dollar onderwijzen. De mensen zullen over hun dollars blijven stemmen de manier zij hebben-zonder duidelijk begrip van het vermenigvuldigende effect van dollars die zich door onze economie bewegen. Elke persoon moet gevoelig voor het grotere effect, zowel positief als worden negatief, van elke dollar die of in onze economie weggaat doorgeeft. Elke persoon moet die kennis met zo vele anderen delen mogelijk.

BRIAN STACK Carlisle

Dit artikel werd gepubliceerd 04/10/2009


Lading-DATUM: 10 april, 2009


TAAL: ENGELS


Publicatie-TYPE: Krant



 


De recessie slaat een autoarbeider en een bosbouwarbeider dicht


ANKERS: SEAMUS O'REGAN


GASTEN: ALBERT DAVIS, OP NON-ACTIEF GESTELDE ARBEIDER, AUTOMOBIEL AGS; ALEX CRYDERMAN, SPORADISCH OP NON-ACTIEF GESTELDE ARBEIDER, ABITIBI BOWATER


LENGTE: 435 woorden


O'REGAN: Goed, geeft de Statistieken Canada nu de recentste jobnummers vrij. En de instortende economie blijft zijn tol op Canadese arbeiders nemen. De werkloosheid is nu aan 8 percenten, omhoog van 7.7 percenten in Februari, 7.2 percenten in Januari gesprongen. In alleen Maart, verloren meer dan 61.000 mensen hun banen, verloren 83.000 mensen hun banen in Februari, werden 129.000 banen verloren in Januari.

Zich aansluit bij me nu zijn twee Canadezen die hard werden geraakt. Albert Davis werd op non-actief gesteld in Maart van Automobiel AGS. En het aansluiten van bij me nu zich van de Baai van de Donder is Alex Coleman. Hij werd op non-actief gesteld van Abitibi Bowater.

Goedemorgen aan u allebei.

ALBERT DAVIS: Goedemorgen.

ALEX CRYDERMAN: Goedemorgen, Seamus.

O'REGAN: Goed, Al, waarom niet begin ik met u? Wat gebeurde?

ALBERT DAVIS: Goed, ging het bedrijf in faillissementsjaren en jaren geleden. En vanaf toen begon het enkel te glijden. Als, binnen kwamen geen nieuwe contracten. En zo toen begonnen de ontslagen, een paar jaar rug. En nu is het als van 600 mensen bij AGS Automobiel aan gelijkaardige 27 tot 30 mensen gedaald die wordt verlaten op dit ogenblik werkend in de installatie.

O'REGAN: En u werd klap door een beetje van drievoudige whammy, ook, met uw vrouw en uw zoon eveneens, huh?

ALBERT DAVIS: Ja, worden zij allen op dit ogenblik op non-actief gesteld. En ik heb nog een andere zoon die op universiteit is. Het spanningsniveau is zeer moeilijk voor me en mijn familie geweest.

O'REGAN: Alex, u is terug bij het werk na een paar het recente werkonderbrekingen in Abitibi Bowater. Hoe weg lang was u?

ALEX CRYDERMAN: Wij waren van een maand, de maand van November. En wij waren van zes weken door Februari in Maart. En op vijftiende van deze maand bekeken wij een andere.

O'REGAN: En jongen, vertel ik u, wat in de bosbouwindustrie, weet u het, meer van de V.S. die het geschil opnieuw ontsteekt nu gebeurt van het zachthouttimmerhout dat 10.000 bosbouwbanen in dit land op risico kon zetten. En eveneens, hebt u kranten, mensen die uw productrecht over de heel wat Verenigde Staten kopen, hen die in faillissementsbescherming gaan. Ik beteken, taai is het op dit ogenblik daar, is niet het?

ALEX CRYDERMAN: Het is zeer taai. Het 10 percententarief op het zachthout zal de industrie van het zachthouttimmerhout op mijn gebied en waarschijnlijk over het land verlammen.

Voor zover het krantenpapier gaat, hebben wij twee van ons belangrijk kopersdossier voor faillissement in de laatste zes maanden gehad. En het wordt niet beter overal.

O'REGAN: Nr, het is niet.

Al en Alex, zouden wij met zowel van u willen in contact blijven als zien hoe u over daarna weinig terwijl, o.k. doet?

ALBERT DAVIS: Ja.

ALEX CRYDERMAN: Zeker.

O'REGAN: Dank u zeer allebei. En wij wensen u het beste van geluk.

ALBERT DAVIS: Dank u.

ALEX CRYDERMAN: Dank u.


Lading-DATUM: 9 april, 2009


TAAL: ENGELS


Publicatie-TYPE: Afschrift



De matrijs van het Geld - breng Licht aan Donkere Derivaten! (DEEL 11/15)


BYLINE: Jake4Constitution


LENGTE: 3823 woorden


8 april, 2009 (Vrijheid Maven die door Newstex wordt geleverd) --

24 juli, 1998, was een epische dag voor het globale financiële systeem. Federal Reserve Voorzitter Alan Greenspan bevond zich voor Bankwezen Congresss en de Financiële Diensten en getuigde. Dit artikel en volgende deel zullen zich op deze twee verklaringsuittreksels betreffende afgeleide regelgeving en de gouden markt concentreren.



door Jake, de Kampioen van de Grondwet

Oorspronkelijk gepubliceerd 7 April, 2009 in http://www.nolanchart.com/article6266.html

@page {marge: 0.79in} WASHINGTON D.C. - 24 Juli, 1998, was een epische dag voor het globale financiële systeem. Federal Reserve Voorzitter Alan Greenspan bevond zich voor Bankwezen Congresss en de Financiële Diensten en getuigde. Dit artikel en volgende deel zullen zich op deze twee uittreksels van deze verklaring concentreren.

oeIn blijft de conclusie, de [Raad van Federal Reserve] geloven dat, ongeacht veiligheid en gefundeerdheidsregelgeving van derivatenhandelaars in het kader van bankwezen of de effectenwetten, regelgeving van derivatentransacties die persoonlijk door beroeps worden besproken onnodig is.

oeNor kan privé tegenpartijen levering van goud, een andere goederen beperken de waarvan derivaten vaak verhandelde over de toonbank zijn, waar de centrale banken zich klaar bevinden om goud in stijgende hoeveelheden te huren indien de prijs toeneemt.

In zijn verklaring, adviseerde Greenspan aan Congres dat de regelgeving van derivaten de Over de toonbank (van OTC) tussen partijen uit de particuliere sector niet noodzakelijk was. Deze derivaten worden bedoeld als oedark derivaten aangezien zij vanaf uitwisselingen plaatsvinden waar de termijnen zouden kunnen openbaar worden gemaakt en de bedrijven die door de uitwisseling voor tegenpartij worden onderzocht het „risico riskeren dat een bedrijf insolvent zou zijn of tegen de tijd dat deed failliet gaan wanneer het derivaat gepast komt. Bijvoorbeeld, vereisen de markten van metaalgoederen zoals NYMEX een 100% dekking van alle onmiddellijk leverbare contracten (de hefboomwerkingstransacties vereisen nog een 90% dekking per 17 CFR 31.8), en onderzoeken de solventie van beide partijen. De rest van dit artikel zal in de gevolgen van deze actie speuren.

Minder dan twee maanden na verklaring Greenspans, liet leeglopen de mislukking van het HoofdBeheer Op lange termijn van het haagfonds bijna de ontwikkelende effectenbeursbel aangezien het $4.6 miljard USD in afgeleid-gebaseerde verliezen nam. Federal Reserve sprong aan de redding, die cabal van Investeringsbanken leidt tot poney omhoog $3.6 miljard USD. Goldman Sachs CEO Jon Corzine werd gedwongen uit binnenkort daarna door de toekomstige Secretaresse van de Schatkist, Henry Paulson. Corzine zou zich bewegen een senator van de V.S. te worden en is de huidige gouverneur van New Jersey. Draag Stearns die wordt geweigerd om samen te werken en later werd het eerste belangrijkste slachtoffer van de Paniek van 2008.



Was de tweede commentaar van Greenspans dat de centrale banken zouden handelen om de gouden prijs te onderdrukken door centrale bankgoud van de markt vrij te geven vrij gelijkaardig waren aan wat Londen de Gouden Pool van de jaren '60 - had geprobeerd en miserably „er niet in geslaagd te doen: controleer de prijs van goud. Dit is gelijkwaardig aan het verklaren dat financiële oecanary in een mijn zowel met een kap als gecastreerd in openbare mening zou zijn. Zelfs in de verontruste economische tijden van vandaag, is het meeste publiek volledig onbewust dat de dagelijkse handel van 2008 op de Vereniging van de Markt van het Passement van Londen $80 miljard USD per handeldag, of USD van $20.3 Triljoen voor het jaar overschreed. Deel 12 zal meer in de afschaffing van de gouden prijs speuren, weg bouwend van het uitstekende werk dat door het Gouden AntitrustComité van de Actie wordt samengebracht, of GATA.

_______________________________________________________________________

Breng Licht aan Donkere Derivaten!

Eerst, laat zien wat met de afgeleide markt van OTC sinds 1998 is gebeurd. Het korte antwoord is dat de waarde van de begripsbedragen van $72 Triljoen tot $684 Triljoen in Juni 2008 per de gegevens explodeerde die van de Bank van Internationale Regelingen worden verstrekt, of BIB.



Alvorens laat zich te bewegen, één meer definitie aan de lijst van Deel 10 toevoegen, oeWhat is Heck Derivaten?

Begrips Waarde - de waarde van derivaten die activa oeunderlying aan de vlekprijs. In het geval van opties of toekomst is het contract, dit het aantal eenheden van het oeunderlying van activa die in het contract worden gespecificeerd dat met de vlekprijs wordt vermenigvuldigd van de activa.

Lets say I wanted to speculate on the price of crude oil. I could buy an October 2009 contract to deliver 1000 barrels at $60 a barrel plus exchange fees. The notional value of this contract when purchased is $60,000 but it will not be exchanged until October. In the meantime, if the spot price of the oil drops to $40 per barrel, the notional value drops to $40,000. Furthermore, although the contract gives me the right to buy the oil, I am not the owner of the oil until October arrives and the contract is delivered. The oil is the oeunderlying asset of the contract.

The same could be said for a credit default swap on a corporate bond, a swap based on the dollars interest rate. Or a oemortgage-backed collection of securities. As you can see, the oeunderlying asset can be physical property like the barrel of oil, but it could also be much more nebulous, like a derivative based on the ability of hundreds or thousands of people to collectively pay their mortgage on time. Plus, how much are these written contracts actually worth while they have not been exchanged? Well, the BIS gives this information which I used to make the below chart on oegross market value. This grew from $2.5 Trillion in 2008 to oeonly $20.4 Trillion as of June 2008.



Interestingly enough, the BIS also placed a oemarket value on oegross credit exposure of $3.9 Trillion in June 2008.  This is the leftover amount after taking into account all contracts that offset each other.  Theoretically there is a long contract for every short, but per the BIS this is not always the case. (I do not have specifics yet but this may involve leveraged transactions).  So this amount signifies the oemarket value of those derivatives where there is a possibility of totally unhedged losses.  I must state its not appropriate to do so other than to obtain a rough idea, but if the percentage of the gross credit exposure could be estimated as proportional to the nominal value, this would work out to a whopping $130 Trillion.

However, how can you place a oemarket value on all the various types of derivatives? Most especially, how can you call this a MARKET value if there is NO market for these contracts " remember that all OTC derivative transactions take place directly and privately between a buyer and seller.

The Paper Property System and Derivatives

This requires us to look at the derivatives problem in a new light. The crux of the matter is that OTC derivatives have an unknown worth " the BIS oegross market value calculation is, in my humble opinion, nonsense. Let me explain.

First one should understand that our entire property system is founded on paper documents. If one owns a car or a house in the United States, one must also have a deed or title to that property. If one buy goods from a store, there is a paper record " a receipt " that serves to transfer ownership of the good from the store to the individual. Online transactions merely substitute screens for this paper record. Whether a corporation or an individual, one typically has to prove their identity in some way based on paper " a passport or drivers license or business license " before doing business with each other. The vast quantity of transactions we execute are done with unseen other entities. Also recognize that when you purchase or sell a stock share or mutual fund share you are selling it to an unknown person, usually via some exchange that you trust to transfer your property " which is really just a paper document.

This system of property identification and organization is founded on our rule of law. However, many fail to realize that this link of property to paper documentation does not exist in many places in the world " many Latin American and Third World countries do not have a very clear, transparent property system setup. However, the size of the OTC derivative market has led the modern-day United States into a similar Third World scenario! We do not understand (and have lost) the link between the paper derivative contract and real assets.

Furthermore, we no longer know if these pieces of paper has any worth and are tethered to real assets with actual value. All derivatives are really instruments of quasi-property. These credit instruments pretend to be based on (fiat) money, but they are not really anchored to anything!! They masquarade as real property, but at best are just forms of quasi-property.

Remember, we live in a paper property system. Without the knowledge on what these investment bankers and their financial engineer assistants have done, there is no way to know if they are bankrupt. Let me repeat. THERE IS NO WAY TO KNOW FOR SURE IF THESE COMPANIES ARE SOLVENT. There is no way to know if its even POSSIBLE for the government or FED to help a few banks or companies if we do not understand what these troubled companies really possess. Executing on eco-political policies and ideas like one oebig, bad toxic bank is an inane idea since " I cannot stress this enough - we do not have the information to know whether these actions will help or not. Which derivative contracts are the oetoxic assets? Where are they? Exactly what assets are they based on? Who owns them? Which counterparties are solvent?

The Pregnant Economys Credit oeBaby

Think of the world economy as a pregnant woman. From the outside, we can examine its monetary structure and all the goods and services it produces, but we cannot view the credit hidden inside the womans belly. (photo from petercanfail)

Without testing with an ultrasound or checking for movement, we do not know anything about the baby.
Perhaps the baby is in perfect health. Perhaps the babys head is too large and Caesarian needs to be performed or perhaps the umbilical cord is wrapped around the babys neck and will choke it if delivered normally. Perhaps the baby has already died. (I hope not!)
The horse I am beating to death is that its impossible to know if a cure is needed and what the cure should BE if the information of this oeshadow economy is not being shared. When $684+ Trillion dollars (possibly past $1 Quadrillion as this is based on September 2008 numbers) is involved, we simply must have the information if we are to move forward.

There is no way for the economic crisis to end without understanding the actual worth of these derivatives. Let me repeat again. THERE IS NO WAY FOR THIS CRISIS TO END WITHOUT UNDERSTANDING THE TRUE WORTH OF THE DERIVATIVES MARKETS. Light must be brought to dark derivatives because there is no confidence in the value of both the derivatives but to some extent even to all assets. Mark my words, the world will remain in a state of unease, in a state of endless price discovery, until light is brought to the OTC derivative mess.

Now, if the OTC derivative market did not have high degrees of insolvency, it stands to reason that all information would already haven been available " and the world would not be in crisis, Lehman Brothers and Bear Stearns would not have failed, the major banks like Citigroup (NYSE:C) and Bank of America (NYSE:BAC) would not have been halfway nationalized, and the remaining investment bankers and commercial banks like Merrill Lynch (OOTC:MERIZ) , Goldman Sachs (NYSE:GS) , JPMorgan Chase (NYSE:JPM) , and HSBC (NYSE:HBC) would have been able to carry on business pretty much as usual, regardless of the subprime mortgage crisis. Therefore, the credit oebaby is not in perfect health.

Therefore, the question becomes how bad is this insolvency? Can the credit oebaby survive with an operation or not? Is it oejust several mega-banks that will be insolvent? Or is the credit oebaby dead-on-arrival and the entire financial system will come crashing down, as was feared during LTCM in 1998, and during the Lehman Brothers/Bear Stearns aftermaths of 2008?

Of course, we have made a bit of a circle, as there is no way to know the answer to this question without the information. My opinion is that what seems to have occurred is that the banking cartel is attempting to weather the storm by frantically repairing its balance sheets with bailout money from a compliant Congress or bailout money from the FED. However, the problem does appear to be fairly catastrophic as the losses for certain banks are most likely too large to paper over with bailout money, and credit extended from by other banks has dried up as they are (rightly) extremely worried about counterparty risk.

No Relief from Past or Future Banker Bailouts

Let me repeat. The bailout money issued by Congress to the AIG (NYSE:AIG) , Citigroup, etc. is almost certainly too small to have any effect on the derivatives problem. $750 Billion, $787 Billion, $2 Trillion bailouts are like throwing pebbles into the ocean when compared with $500 Trillion to $1 Quadrillion. Look at their asset to nominal value ratios and percentage of OTC oedark derivatives below and please inform me if you come to a different conclusion and why. (Data from Department of Treasurys December 2008 OCC report, page 24/33)



Transferring enough paper dollars from hard-working taxpayers either in the present or in the future to these ill-run banking companies can only result in a dollar currency crash similar to what happened in Iceland or many Latin American countries during the 80s and 90s, and hence the (further) impoverishment of the American people. As others have written, this is truly a privatization of the 1998-2007 gains and socialization of 2008-and-onward losses for the banking and investment banking cartels.

The Future

Obviously for a future resolution to occur, Greenspans actions should be reviewed in hindsight, the informational deficiency needs to be made transparent, and companies that survive and have not committed fraudulent acts should be penalized by the marketplace for carrying out too sizeable over-the-counter deals without seeking an exchange to verify and secure the counterparty risk. Turning to the future, all involved should consider instead to focus on the true wealth production of goods and services, not questing in search of oeriskless paper-shuffler profits like the financial engineers of the past decade.

Of course, this discovery will eventually happen naturally in the United States - unless we enter a totalitarian society and are led to war by our leaders to either control or confiscate even more of the worlds wealth but also to refocus the populace on both interior and exterior scapegoats for our fiscal problems. Again, there is simply no other way for our economy to function again on a non-war footing without this information from the financial companies. Of course, the wars will do nothing except worsen the state of economic suppression everywhere in the world, including for most Americans, except for the few elite who may prosper.

Taking the optimistic view, there is no way to know when this discovery will happen, and as much as I believe in the oeseparation of business and state the fact of the matter is that the political will of Congress must be brought to bear on the banking cartel led by the FED. There are some encouraging signs. In early April, the FED urged its major cartel members and hedge funds to list their credit derivatives on an exchange in New York City.

Answering Questions Posed from Part 9

Q: Although many Austrian economists makes perfect economics sense from the standpoint of monetary economics, do their analyses hold up from the standpoint of credit economics?

My answer: Not necessarily. In fact, credit economics most likely answers why their predictions of hyperinflation and massive dollar devaluation have not yet occurred.

Q: What occurs when credit contracts, causing credetary deflation, while monetary inflation continues?

My answer: They act as opposing forces. When both credit and money supply inflation were occuring during the earlier part of this decade, price inflation was indeed seen. In fact, up until July 2008 commodities were on an upward parabola. Credetary deflation may have caused commodity price deflation. In our contemporary time of near-zero or dropping interest rates, definite and measurable monetary inflation, and continued (but unmeasurable) credetary deflation, it is easy to predict plummeting manufacturing and service-related job losses. Consumers have slowed purchases of homes, autos, and non-essential goods since many are uncertain in what the future will bring. Economists cannot make meaningful predictions without bringing light to the dark derivative market, but even then numerical answers will not exist due to the Misesian theory of human action.

Q: What happens when we lose track of the value of these paper credit instruments that are in fact forms of quasi-money?

My answer: Historically, when property, money, and credit become out of balance, panics or depressions occur. Again, we will likely stay mired until this quasi-money is fully or mostly accounted for.

Q: What can the average citizen do?

My answer: Well, besides continuing to read the Money Matrix series (grin) its important to stay optimistic, educate yourself, become politically-active if you wish and enjoy life. In uncertain times, its best to conserve funds as much as possible, and its never to late to start saving if you plan a future for yourself and your family. Any private debt needs to be dealt with in a rational manner. If continued price inflation or even hyperinflation (subject for another article) appear imminent (it does not appear so to me at present), what is slightly paradoxical is that being in debt will be of great advantage as currency devaluation reduces the principal of the debts purchasing power. In the meantime, private individuals should consider diversifying savings from the fiat dollar currency into hard money, namely gold and also silver to avoid fiat currency risks. As explained in this series oeThe End for the Dollar and all Fiat Currencies (1/5)oe, the derivatives market sets the market prices for gold and silver, but if this crisis of confidence worsens, these assets are by far the best money to hold.

Postscript - I was delighted to hear South American economist Hernando de Soto discuss this at mcalvany.com and has published several articles on this subject, including this one from the Wall Street Journal as well. It may not take a genius to realize that Greenspan made a big mistake, but its nice to hear a fairly mainstream guy recognize this as well. In particular I recommend the McAlvany audio as de Soto is far more knowledgeable, educated, and easier to understand on this subject than me.

oeSome say the end is near.
Some say well see armageddon soon.
I certainly hope we will.
I sure could use a vacation from this!!

-  Tool, oeAenima - Time to end the wait to see which of the dark derivatives will hold water and which will need to, as Tool puts it, oelearn to swim.

The Money Matrix Series
address America, Were Michael Phelps Eight Olympic Gold Medals Worth Winning?address The Money Matrix - Prelude (PART 1/15)The Money Matrix - What is a Dollar Bill Worth? (PART 2/15)The Money Matrix - What Makes Money Money? (PART 3/15)The Money Matrix - What is Honest Money? (PART 4/15)The Money Matrix on the Grand Deception of Seigniorage (PART 5/15)The Money Matrix - How the FED Works (PART 6/15)The Money Matrix - Who Owns the FED (PART 7/15)The Money Matrix on oeCredetary Inflation and Deflation (PART 9/15)The Money Matrix - What the Heck Are Derivatives? (PART 10/15)Save Ron Pauls Voice - A Money Matrix AddendumA Money Matrix Addendum: Citigroup and GATA Call for an End to the Suppression of the Gold MarketMY PROPHECY - The Federal Reserve Will End! A Money Matrix AddendumSilver and Gold ARE Money (PART 1/2)
Tu ne cede malis sed contra audentior ito. Do not give in to evil but proceed ever more boldly against it.

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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings in part or full of this article to your blog or anywhere else in order to promote the Restoration of our Republic.

Veritas numquam perit. Veritas odit moras. Veritas vincit. Truth never perishes. Truth hates delay. Truth conquers.

___________________________________________________________________________

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Body Found of Missing 8-year-old; Eliot Spitzer Opens Up about Scandal


BYLINE: Jane Velez-Mitchell


GUESTS: Bill Mannion, Don Clark, Crystal Evans, Curtis Sliwa, Tony Sheneman, Eric Firpo, Jean Casarez, Stacey Honowitz, Dale Archer, Jayne Weintraub, Michael Walters, Brenda Wade


SECTION: NEWS; Domestic


LENGTH: 7780 words




HIGHLIGHT: The body of Sandra Cantu, 8, is found in a bag near her home; Eliot Spitzer speaks out about the sex scandal that cost him his governorship.


(BEGIN VIDEOTAPE)

JANE VELEZ-MITCHELL, HOST (voice-over): Tonight horror strikes a close-knit California community as they come to grips with the unthinkable. One minute beautiful 8-year-old Sandra Cantu is skipping joyfully down the street. Tragically, last night her body was found stuffed inside luggage in an irrigation ditch near her home. As grief turns to outrage, cops vow to track down the killer.

How does a family cope with such a horrific discovery? We`ll bring you expert analysis.

Then, another murder of a young girl. What`s with this, America? We sift through the stunning new evidence in the Caylee Anthony murder case. It appears prosecutors botched the latest evidence, though, as they mistakenly released audio of cops giving their take on Casey`s jailhouse meltdown when a child`s remains were found near the Anthony home.

UNIDENTIFIED FEMALE: She collapsed into the chair and started to -- what appeared to be hyperventilating.

VELEZ-MITCHELL: We were not supposed to hear that. Has it tainted the jury pool? Has the prosecution handed the defense a gift?

Plus Chris Brown pleads not guilty in the Rihanna beating. But after the arraignment Rihanna`s lawyer spoke for her and Chris Brown. It seems the accused batterer is on the same team as his alleged victim. Is Rihanna betraying herself and other women?

And speaking of betrayal Eliot Spitzer breaks his silence. The disgraced former New York governor sits down with Matt Lauer to talk Hookergate. Is he truly remorseful or just trying to clean up his image for another stint in the national spotlight? I will show you the clip.

ISSUES starts now.

(END VIDEOTAPE)

VELEZ-MITCHELL: It`s happened again. A beautiful young girl with a family and community that adored her is abducted and brutally murdered. Why? How is it that this keeps happening over and over again and we seem helpless to stop it?

The latest gruesome discovery late last night in the case of missing California girl Sandra Cantu. The 8-year-old`s body was found stuffed into a piece of luggage and thrown into a local irrigation pond.

(BEGIN VIDEO CLIP)

CHIEF JANET THIESSEN, TRACY POLICE DEPARTMENT: The bag was taken from the water and transported to the San Joaquin county morgue where it was opened. Inside the bag we located the body of Sandra Cantu.

(END VIDEO CLIP)

VELEZ-MITCHELL: Authorities are conducting an autopsy today as friends and family try to come to grips with this child`s incomprehensible death. Sandra`s mother passed out and was hospitalized after hearing this horrific news.

(BEGIN VIDEO CLIP)

SGT. TONY SHENEMAN, TRACY POLICE SPOKESMAN: This is an unimaginable loss for any parent. It`s a very difficult loss for our community.

THIESSEN: We will be determining the person or persons responsible for this reprehensible act, and we will bring them to justice.

(END VIDEO CLIP)

VELEZ-MITCHELL: Today, the search for her killer intensified as police executed a search warrant on a Baptist church just a stone`s throw from Sandra`s home. The eerie sight of crime scene tape around the church has everybody wondering could there be a connection? We have a full panel of experts onboard tonight.

Dr. Bill Mannion, a pathologist and assistant medical examiner; Don Clark, former special agent in charge, Houston FBI; Jean Casarez, legal correspondent for the legal network In Session. Plus Crystal Evans, a clinical psychologist with MomLogic.com. Also, Curtis Sliwa, founder of the Guardian Angels and a talk show host for ABC, as well as Sergeant Sheneman, public information officer with the Tracy Police Department along with a reporter from Eric Firpo, reporter at "Tracy Press."

Sergeant, we have to start with you. You just held a news conference a little while ago where you updated us about the church that was cordoned off with police tape as well as the pastor. What did you tell the public?

SHENEMAN: I told the public that there had been some misinformation put out earlier today that the pastor was our prime suspect and that he was about to be arrested, and that is incorrect.

There is going to be a search that`s going to be conducted at the Baptist church later today in conjunction with this investigation and that we`re continuing to ask for the public`s assistance in determining who murdered Sandra Cantu.

VELEZ-MITCHELL: So I`m understanding you to say you do not have a suspect? You`re following various leads, and this pastor is not a suspect. So why are you going into the church?

SHENEMAN: Probable cause was developed through the investigation last evening that allowed a judge to sign a search warrant, and that`s why we`re going in.

VELEZ-MITCHELL: All right. So just to recap because these are developments that are changing very rapidly. Police cordoned off a church today, the Clover Road Baptist Church just an eighth of a mile from the little girl`s mobile home park.

The pastor of that church confirmed through KRON saying that he was questioned by police and that authorities seized computers, phones and other items from his family`s trailer. He said his granddaughter played with Sandra on a regular basis, but that he had had absolutely nothing to do with her disappearance. You just heard police confirming that he is not a suspect, I repeat, not a suspect in Sandra`s killing, and he`s not connected to the luggage. Of course, sadly, this poor child, found stuffed into luggage.

Let`s go to Eric Firpo. He is the city editor at "Tracy Press," and he has been following this case from the very start. Eric, so many fast and furious developments. What can you tell us about the search, because apparently various search warrants were served and various cars were seized, various people interviewed.

ERIC FIRPO, CITY EDITOR, "TRACY PRESS": Well, I mean, we can only sort of repeat what the police have said and what the people that we`ve talked to who have been searched. We`ve talked to a couple of people who had their home searched.

Next -- next on the list to be searched is the church, which is just a few hundred yards from where we`re standing. And the pastor of the church did live in the mobile home park. We don`t know if his home was searched last night. He lives with his wife, but they did search a house and a home that had not been searched before in the mobile home park last night.

So, you know, which one that was, we don`t know yet. The search warrants are going to be sealed. So until they`re unsealed we`re not going to have answers to these kinds of questions because, you know, unless there is a leak in the police department they`ve been pretty good about not having any of those.

VELEZ-MITCHELL: Farm workers draining an irrigation pond found the black suitcase, which hadn`t been there when they dug it up more than two weeks ago. They immediately reported it to cops as being suspicious. Before the authorities even looked inside the bag, they did a massive sweep of the location, taking in evidence, including footprints and tire tracks. They even mapped the entire area with a laser device.

Don Clark, why the meticulous evidence gathering before removing and opening the suitcase?

DON CLARK, FORMER SPECIAL AGENT IN CHARGE, HOUSTON FBI: Jane, just great police work, and I really applaud this police department. They have done a spectacular job of moving to find this little girl`s body.

First of all, you don`t want to contaminate the scene that you`re going to go into and get something out. You don`t know what`s there. It may be nothing there. In this case, it was a very unfortunate little girl that`s in there.

So they took very delicate steps to get to that, and they followed through to get to the church and get a search warrant.

And I want to mention one other thing, Jane, with you being a lawyer and other lawyers on that you know how difficult it is to get a search warrant, but any building, and particularly a church building, which tells me that they have some other evidence there that we don`t know about.

VELEZ-MITCHELL: Well, Don, thank you for promoting me, but I`m not actually an attorney.

But I want to go to Jean Casarez, who has covered so many cases. Tell us where this all began. The last time we saw this gorgeous little child skipping happily near her home and bring us up to these latest developments, the tragic news of her death discovered.

JEAN CASAREZ, CORRESPONDENT, IN SESSION: Jane, it was March 27, a week ago Friday. She came home from school. She told her mother she wanted to go visit a friend. And this is in this mobile home park, which is really an exclusive community, I think, foreign to the outside. It`s the mobile homes and entrance and exit.

She went to that little friend`s house. We saw her skip away from her own home. Her own family had actually put cameras up because of some auto theft issues. And that was the last time she was ever seen.

She went to that little friend`s house. She did play, but after that no one saw her again.

And I think at this point, Jane, the big question and you hit it off the top of your show, what is the probable cause that led them to that church? If we look at the timeline, last night on your show you showed that black bag which is now being referred to as luggage, and it was daylight when it was found.

And then we saw the crime scene tape around the church, which I think was the evening hours. So what probable cause did they get from that suitcase or from the execution of a search warrant on a home inside that led them to that church?

VELEZ-MITCHELL: Yes, but just to clarify, Eric, the police, did they not say in their news conference moments ago that the pastor is not connected to the luggage -- Eric.

FIRPO: Well, I`m not sure I heard that. Yes, I don`t think I -- I don`t think I necessarily heard that. I mean...

VELEZ-MITCHELL: Jane, I think we did hear that.

FIRPO: You kept saying, well, here`s the thing. Jane, you kept saying, so he`s not a suspect, but they`re not really saying who is a suspect and who isn`t a suspect.

Tony Sheneman did not say the pastor is not a suspect. What he said was that there was information earlier today that was put out that he allegedly said this guy was a suspect, and he said that information is wrong.

VELEZ-MITCHELL: Well, isn`t that the same thing? Jean Casarez?

FIRPO: Because they`re not saying -- they`re really not saying who is a suspect and who isn`t a suspect. They`re kind of leaving it wide open. So...

VELEZ-MITCHELL: Yes. I see what you mean.

FIRPO: The guy is not necessarily not a suspect.

VELEZ-MITCHELL: But he`s not necessarily a suspect.

FIRPO: That`s true.

VELEZ-MITCHELL: OK. I think it`s a nuance. Jean, do you want to clarify it a little bit more?

CASAREZ: Sure.

VELEZ-MITCHELL: Jean, do you want to clarify more?

CASAREZ: I think you`re exactly right. Let`s look at the facts. This is a church that is very close to the mobile home park. Traditionally churches have been an open building. Anyone can go into a church. Traditionally churches are open.

So it being a crime scene, I think we just have to look at the church itself as a possible crime scene at this point.

VELEZ-MITCHELL: Exactly. You`re absolutely right, Jean. Anybody could have gone in there with this poor child, and it might have absolutely nothing to do with anybody who`s associated with the church.

Hang on. More on last night`s tragic discovery in just moments. And of course, I want to hear from you about this outrage, this obscenity, this child`s life taken: 1-877-JVM-SAYS, 1-877-586-7297. Your thoughts on this truly awful development.

Then, another beautiful child tragically murdered, Caylee Anthony. I will examine the newest evidence against her mom Casey. But first, the heartbreaking discovery of little Sandra Cantu`s body has left this small community in total shock.

(BEGIN VIDEO CLIP)

SHENEMAN: It is very difficult for us to fathom that someone would do this, and we were looking forward to finding Sandra alive and well. Most of the investigators involved with this are parents, and it`s very difficult to imagine that as parents.

Professionally, it`s a fact that`s driving everyone to find out who did it.

(END VIDEO CLIP)

(BEGIN VIDEO CLIP)

SHENEMAN: This is an unimaginable loss for any parent. It`s a very difficult loss for our community.

THIESSEN: We will be determining the person or persons responsible for this reprehensible act, and we will bring them to justice.

(END VIDEO CLIP)

VELEZ-MITCHELL: Police now searching for the killer of 8-year-old Sandra Cantu after finding her body stuffed into a piece of luggage and discarded like trash in an irrigation ditch. Absolutely sick of seeing and disgusting. And we will not here on ISSUES treat this as just another news story.

This kind of horror must stop. We must, as a society, say this is totally unacceptable.

I`m back taking your calls on this latest tragic case, and they are lit up. But before I go there, I want to go to my old friend Curtis Sliwa, founder of the Guardian Angels.

You know, 30 years ago when I was a cub reporter and you were a young guy in a cap running around the streets of the city and riding the subways fighting crime. I did an interview with you, and we talked about violent crime. And here we are three decades later, still talking about violent crime.

Something is sick with our society, Curtis, that we have to deal with. I think the only thing that has to change when it comes to this kind of violence is everything.

CURTIS SLIWA, FOUNDER, GUARDIAN ANGELS: Tell you something, Jane, 30 years has made a difference. So we had Guardian Angels from Modesto and Sacramento help the thousands of citizens who came out looking for clues to try to track down where Sandra was, and in fact, unfortunately, as you could see, found in that suitcase in an irrigation ditch.

And the horror of finding out, as you go through the registry of pedophiles and sexual assaulters and molesters who live in proximity of that trailer camp, Jane, there are dozens of them! Dozens! Embedded within an area that we consider to be like "Leave it to Beaver," "Father Knows Best" and "Little House on the Prairie." All of these men potentially capable of striking out at young children again. It`s just horrific.

Once a tragedy like this occurs, you become aware of your surroundings, and you go, "We`ve got to protect the kids. If we can`t protect the kids who can we protect?"

VELEZ-MITCHELL: And Dr. Evans, as a clinical psychologist, you must know how terrified the people in this mobile home park are, because right now they have said they think there`s a killer on the loose, and they don`t know who amongst them might be responsible.

DR. CRYSTAL EVANS, CLINICAL PSYCHOLOGIST: That`s true. That kind of fear kind of enlists everyone to come forward and say, "We`ve got to do something about it."

The bottom line is they don`t know who it is. They don`t know if it`s somebody they know, if it`s somebody that`s been watching, if it`s someone who lives within the community and, therefore, we have to take measures. The people feel that they have to take measures to be cautious and safe and reduce that level of fear that they must be feeling.

VELEZ-MITCHELL: All right, Steve in Missouri. Thanks for your patience. Your question or thought, sir.

CALLER: Thank you, Jane. Love the show. And I`m with you, I had a chance to meet Curtis and his wife in St. Louis one time. And it`s a great group, and they don`t get enough credit.

SLIWA: True.

CALLER: My question is for Don Clark. If you would kind of turn this into the Casey Anthony case, if they found the bag and the skull would have never rolled out, they would have opened the bag to see what it was if someone reported it.

Obviously, they have a lot of evidence because they never opened that suitcase, they took it straight to the morgue, and they put all the police tape up. So, obviously, they knew what was in the bag. They wouldn`t just take the luggage to the morgue not knowing what was in there, would they?

VELEZ-MITCHELL: Well, Steven, let me direct that question, excellent question to Dr. Bill Mannion. We have a forensic pathologist here, and we`re very happy to have him. Dr. Mannion?

DR. BILL MANNION, FORENSIC PATHOLOGIST: Now, that`s an excellent question, and I thought about that myself. And I think, because of all of the publicity here, when something showed up unexpectedly, they were immediately thinking, "Well, this little girl`s missing. Maybe this little girl could be in this bag."

I don`t think there was any evidence ahead of time that said that the child was stuffed in a bag or something like that. I haven`t heard anything like that.

But just because of all the publicity, I`m very grateful that no one opened the bag. There are things that could have spilled out or lost evidence. Instead, they intelligently took the body -- the bag to the morgue where they can photograph things, document things, even look for latent fingerprints on the bag itself before they even opened the bag. So that was a tremendous bit of police work.

VELEZ-MITCHELL: Smart move by the police. This weekend, cops released the last known video of Sandra Cantu. The surveillance video, as we`ve been mentioning, shows the 8-year-old child joyfully skipping through her community, wearing a pink Hello Kitty shirt with black leggings.

Authorities have said they identified Sandra`s body, in part, by the clothing she was wearing, including the Hello Kitty T-shirt.

So, of course, Don Clark, everyone is totally afraid and hoping that this child wasn`t subjected to some horrible ordeal even before she died. What does the fact that she was wearing clothing tell you as an investigator?

CLARK: Well, you know, the fact that she was wearing clothing does not mean that she didn`t go through some horrible ordeal that was going on. Oftentimes, unfortunately, these people will try and make things the way they were before whatever incident took place did.

And people who do something this sinister will do these types of things. I think the clinical psychologist will bear me out that we never can really depict what they`re doing. So I -- you know, we just can hope. We can only hope that she didn`t go through it, but we just don`t know.

VELEZ-MITCHELL: Linda, Texas. Question or thought, ma`am.

CALLER: I have two short questions. First of all, was there a national Amber Alert? Did that happen whenever Sandra first became missing. And also have any of the family members -- have they taken any kind of polygraph test or anything?

VELEZ-MITCHELL: All right. Let`s go back to Eric on that.

FIRPO: OK. There was no Amber Alert. And the explanation that`s given is that in California, apparently, they only will issue an Amber Alert if they have a description of a car or a license plate. They didn`t have either one of those.

VELEZ-MITCHELL: And I understand that the dad said that he did take a polygraph, but we don`t have any independent confirmation of that.

FIRPO: Right. Police aren`t saying whether he did or not.

VELEZ-MITCHELL: All right. I want to thank my excellent panel. We will have more on this heart-wrenching story in just a bit.

And I will have an update on the case against Chris Brown. Is Rihanna working with the man alleged to have beaten her because she wants to get this case over with?

Plus disgraced former New York governor, Eliot Spitzer, finally speaks out on camera about Hookergate. You don`t want to miss this one.

VELEZ-MITCHELL: A prostitution scandal deals a crushing blow to one of the nation`s most powerful politicians. In the spotlight tonight Eliot Spitzer, known as client No. 9 at a VIP escort service, had a hooker habit that cost him his career as governor of New York. His fling with call girl Ashley Dupre nearly destroyed his family and now, just over a year since his fall from grace, Spitzer is speaking out to Matt Lauer on NBC`s "Today."

(BEGIN VIDEO CLIP)

ELIOT SPITZER, I have tried to think about it deeply, address it. As I say, there are no excuses. I have tried to address these gremlins and confront them. What I did was an egregious violation of trust to my family, to colleagues, to the state, and I`ve paid a price and appropriately so.

(END VIDEO CLIP)

VELEZ-MITCHELL: Gremlins? Is that what they`re called these days?

So is this real remorse or is Spitzer plotting a course back into the national spotlight? Let`s go straight out to Curtis Sliwa, founder of the Guardian Angels and WABC radio host.

Curtis, what gives with Eliot`s -- I guess you`d have to call it an apology tour.

SLIWA: Well, you see, he normally would have said demons, but he`s already thinking of recycling himself and saying, "I`ll do what Blago did. I`ll refer to movies." That`s why he said gremlins.

So Ashley Dupre did the freaky-deaky, the jiggle-wiggle, had unsafe sex without the jimmy cap for $4,300. And I`m telling you, I know Eliot Spitzer and know him well. He`s already figuring out states are on the verge of imploding fiscally like California, $42 billion looming deficit.

He`s now going to turn this around after doing his mea culpas and say, you know, "We should legalize prostitution."

VELEZ-MITCHELL: That`s your prediction?

SLIWA: Tax it. Oh, yes. Just like Nevada.

VELEZ-MITCHELL: I kind of agree with him to a certain degree, because obviously, it`s something that is the oldest profession. And it`s not going anywhere. So maybe we need to come up with a new approach.

Obviously, his approach of cracking down on it while using it at the same time wasn`t working.

SLIWA: Yes, but you see, he`s going to say, "Hey, if we`re going to bail out Medicare and Medicaid and Social Security -- and you know that`s the looming monsters that we face -- we`re going have to tax. And if rich guys like me want to spend in order to have sin and flesh, then sin tax me 20, 30, 40 percent.

VELEZ-MITCHELL: I don`t know if his wife is going to like that whole proposal.

Now, Spitzer was an anti-crime crusader cracking down on prostitution and Wall Street corruption. So some people were looking to take him down.

Here`s more from NBC`s "Today Show."

(BEGIN VIDEO CLIP)

MATT LAUER, NBC`S "THE TODAY SHOW": You were a man who had enemies. You had to considerate some point down the road that somebody was going to say something to someone else, and you were going to get caught.

SPITZER: Right. Right.

LAUER: Did that cross your mind?

SPITZER: It crossed my mind, but like many things in life, you ignore the obvious at a certain moment because you simply don`t want to confront it.

(END VIDEOTAPE)

VELEZ-MITCHELL: If he`s the governor of New York and he`s made a lot of enemies, he`s paying for prostitutes and he`s not worried about getting caught?

SLIWA: Yes, but you see, he was on top of the world at the time. The sheriff of Wall Street and the guy who had aspirations like all elected officials that one day he`d run for president.

And remember, Jane, he had his own dossier. He had his own J. Edgar Hoover file on a lot of these guys, the so-called enemies. They dropped a dime on him and he dropped a dime on them. And naturally, he figured johns never get busted. It`s always the madams, the hookers and the pimps.

VELEZ-MITCHELL: Well, he was right. Except that he`s not in jail right now, is he? He`s jogging in Central Park, I hear.

Hey, Curtis, I want to thank you, because I`ve got to say, this story, we need to stay on top of it and bust the hypocrisy.

More outrage, fallout from new evidence in the Casey Anthony case. You`ve got to see it to believe it.

VELEZ-MITCHELL: The mistaken release of stunning new evidence in the Casey Anthony trial. Cops give their take of that cataclysmic day of Casey`s jailhouse meltdown when remains were found near the Anthony home. We weren`t supposed to hear that. I`ll examine this and other explosive clues.

Plus Chris Brown pled not guilty in the Rihanna beats, but after the arraignment Rihanna`s lawyer spoke for her and Chris Brown. Is the accused batterer on the same team as the alleged victim?

More on the evidence explosion in the Casey Anthony case in just minutes, but first, back to the heart wrenching discovery of 8-year-old Sandra Cantu`s body last night. The second grader found stuffed into a piece of luggage and discarded like trash in an irrigation ditch.

How obscene.

I am back with Jean Casarez, a legal correspondent for the network "In Session." Jean, what is the very latest?

JEAN CASAREZ, "IN SESSION" LEGAL CORRESPONDENT: Well, this missing person`s investigation has now turned into a murder investigation.

And the suitcase that migrant workers found -- law enforcement has been combing the area for over a week now -- but it was the migrant workers, the irrigation workers that went to this pond. They were going to drain it for irrigation purposes. They are the ones that found that suitcase. They are the ones that did not open it, but called law enforcement.

Law enforcement arrived at the scene, secured the scene as a crime scene because they now knew what they had to do and that investigation has been forthcoming.

The autopsy has been taking place today. We do not know any results on the cause or manner of death, but there is crime scene tape of a Baptist Church very close to the mobile home area. But now is the time investigators and police are putting together the puzzle pieces which may end up in the district attorney`s hands for formal charges.

VELEZ-MITCHELL: Now, you mentioned the autopsy. We know that the child was missing for ten days before that suitcase was discovered. We also know that that suitcase was submerged in a pond. So obviously, one of the issues is going to be the condition of this poor child`s body.

CASAREZ: That`s true. And we don`t know what the condition is.

Now, we have heard that the clothes are on the child, but you know what I think is interesting, forensically speaking and also possibly intentional murder interesting, is the fact that her "Hannah Montana flip- flops" are said to have still been on her feet.

VELEZ-MITCHELL: Oh.

CASAREZ: That shows me, Jane, an intentional act by someone to try to dispose of every single bit of evidence that could have been linked to this little girl.

VELEZ-MITCHELL: You know -- and I have to say you and I have both covered so many violent crimes and I`ve been saying on this show, enough. We can`t just treat it as another news story because on some level that`s sort of a tacit, "Well, it`s going to happen."

And I think we as media, as a society need to stand up and say enough. This is unacceptable and we would like to envision a world where this cannot happen because in order to achieve something you first have to imagine it.

CASAREZ: That`s right. And when you think about the mobile home park where everyone knows everyone -- that`s really a secluded environment -- it`s not just a neighborhood that anybody can drive up in, one would think.

Then you have to say well, what are police doing right now the search warrants that have been executed and the crime scenes and there can be multiple crime scenes in this case. I think we can develop what you`re saying, Jane, as we go along in this investigation and find out who they ultimately will find in charge.

VELEZ-MITCHELL: Yes, we need justice in this case. We need to find the monster who did this or the monsters and put them away. And we also need to look at our society and find out what is so sick about it that we have this cancer of child after child, usually girls being killed.

It`s sick. Thank you, Jean. Come back soon.

CASAREZ: Thank you.

VELEZ-MITCHELL: We re all hoping for swift justice for Sandra Cantu. And I`m hoping we can make some changes in our culture that lead to less violence especially against helpless children.

Turning now to yet another tragic story of a little girl found dead, Caylee Anthony. Her own mother Casey Anthony awaits trial for the toddler`s murder. Yesterday prosecutors dumped a ton of evidence in the case but get this, some of the evidence was never supposed to be released.

That`s right. It was a big mistake. Potentially damaging recordings of cops describing Casey having a meltdown on the December day she found out that the body of an unidentified toddler had been found.

We will listen to every detail. It seems like prosecutors dropped the ball here big time. Will the mistaken evidence leak help or hinder Casey`s defense? Plus the million dollar question, why did Casey Anthony wait a month to report her little girl missing?

We will listen to another ridiculous claim Casey made in a police cruiser on her way to her indictment for first-degree murder of her little girl. You will not believe your ears.

So many ISSUES. First to my fantastic panel: Dr. Dale Archer, clinical psychiatrist -- and quite a team we have here as well; Jayne Weintraub, criminal defense attorney; and Stacey Honowitz, Florida prosecutor.

We`re going to the ladies first. Stacey, did prosecutors make a huge mistake by releasing these audio interviews. In essence, have they given the defense a gift and now they can turn around and say, "Hey, she can`t get a fair trial. Look at the stuff that`s being released."

STACEY HONOWITZ, FLORIDA PROSECUTOR: Well, I have to tell you something, Jane, you could say that about all of the evidence so far that`s been released that prosecutors might have made a mistake because she`s not going get a fair trial.

We all know the bottom line is this case has taken on a life of its own. And so this is just another piece of the puzzle where the defense is going to be able to walk in and say this is not -- we`re not going to be able to find a fair jury and we`re going to have move it. Another set up for a motion for change of venue.

VELEZ-MITCHELL: All right, well we have to listen to the details on this one.

The evidence prosecutors mistakenly released were recordings of interviews with jail officers who were with Casey Anthony on December 11th as the news broke on TV and radio that unidentified remains were found near her parents` house.

Here`s Lieutenant Tammy Unser describing Casey`s reaction.

(BEGIN VIDEO CLIP)

LT. TAMMY UNSER, JAIL OFFICER: She collapsed into the chair and started to, what appeared to be, hyperventilating. She lost her breath, we told her a couple of times to take some deep breaths. She was, got real shallow breathing. Her hands started to sweat. She started rubbing them profusely.

(END VIDEO CLIP)

VELEZ-MITCHELL: It was only many days later that those remains were actually identified as being Caylee`s. Many days later, during previous erroneous news reports of remains being found let`s say in a local park, jail workers say, Casey had no reaction at all.

She reportedly reacted only to the story that turned out to be the real deal.

Sergeant Billy Richardson also describes her meltdown.

(BEGIN VIDEO CLIP)

SGT. BILLY RICHARDSON, JAIL OFFICER: She showed signs of despair with the way she was holding herself, trying to pull herself in, she had signs of hyperventilation with heavy, deep breathing that was taking place. She then bent over and made complaints that she was feeling sick to her stomach and was going throw up and not that she ever did, but she still made those complaints.

(END VIDEO CLIP)

VELEZ-MITCHELL: All right, Dr. Dale Archer hearing that, what do you make of her reaction?

DR. DALE ARCHER, CLINICAL PSYCHIATRIST: Well, I mean, I think the important thing here, Jane, is you hit the nail on the head. Why did she not react when other remains were found earlier?

So she only reacts when it`s actually her daughter. I mean, this to me is just very, very -- looks very bad for her, and I mean, if everything that I hear on this case amazes me more and I`ve gotten to the point now where I`m thinking she`s not just a sociopath. I`m starting to think that this woman may have a paranoia disorder.

JAYNE WEINTRAUB, CRIMINAL DEFENSE LAWYER: And if prosecutors wait much longer, what are you going say then, I men, when they can`t find the evidence to bring her to trial within a year or two are you going to have a different statement?

ARCHER: No, I mean, I think that the point is that we`re learning more and more every day. I mean, every day that more comes out, more that doesn`t fit and more that`s starting to say, you know what? Maybe there is more than just someone who is trying to cover up a murder if she`s guilty.

Maybe this person really does have a psychiatric diagnosis that we need to be able to evaluate. And the problem is...

VELEZ-MITCHELL: Yes but she didn`t plead insanity. She didn`t plead not guilty by reason of insanity.

(CROSS TALK)

ARCHER: It`s impossible in this case where she has a vested interest...

WEINTRAUB: This is why we have to confront the evidence under our Constitution.

ARCHER: ... interest in order to be able to maintain her innocence to just keep this going. So this is an extremely difficult case.

VELEZ-MITCHELL: All right, Jayne what do you say there, Jayne?

WEINTRAUB: Look Jane, there are very simple legal issues. We all have a Constitution and rules of procedure that we all need to abide by. A prosecutor`s duty is not to convict at all costs. A prosecutor`s duty is to be fair, evaluate the evidence and present the evidence through a jury.

VELEZ-MITCHELL: Let me jump in, do you think prosecutors should be punished for this...

WEINTRAUB: Yes.

VELEZ-MITCHELL: ... goof up?

WEINTRAUB: Yes.

VELEZ-MITCHELL: So why should they be punished?

WEINTRAUB: Yes and I`ll tell you why. How many times are they going to say, "Oops, I`m so sorry?" That`s why we have rules. They have to abide by them and when they don`t they have to be sanctioned.

But I`ll tell you something more Jane, what`s very troubling, you have polluted the integrity of the whole system when you let prosecutors just say, "Oops, I`m sorry. Oops, I`m sorry." And I`ll tell you the worst of all of this, they are dumping this discovery so piecemeal months later. These statements were transcribed back in December.

VELEZ-MITCHELL: Right.

WEINTRAUB: Why did they take four months to learn this thing?

VELEZ-MITCHELL: Listen I agree, I agree.

HONOWITZ: But they could have come out at that time four months ago. Listen Jane, the bottom line is as Jayne Weintraub knows, this case in and of itself is huge. You have prosecutors that sometimes don`t know what investigators or police officers, what`s going on because it`s just so big.

Is it accidental? Of course, it is.

VELEZ-MITCHELL: All right.

HONOWITZ: Is it going to pollute the jury any more than it already has? It`s been going on for months.

VELEZ-MITCHELL: I`ve got to get to this other startling piece of evidence; a recording of Casey Anthony talking to investigators from the back of a police cruiser the day of her arrest. Listen to this ridiculous claim.

(BEGIN AUDIO CLIP)

CASEY ANTHONY, MOTHER OF CAYLEE ANTHONY: I`ve had interest in helping law enforcement from the beginning. Unfortunately, my hands were literally tied and I was put in a position where someone`s trying to trick a confession out of me and...

OFFICER: Well, I don`t want to -- no don`t, don`t...

ANTHONY: ... that`s not going to happen.

(END AUDIO CLIP)

VELEZ-MITCHELL: All right Dr. Dale Archer, what do you make of her claim that she wanted to help them from the start when she didn`t report the child missing for a month?

ARCHER: You know, I mean how are they going to trick her into a confession when she didn`t do it? So I mean, this is just one more example of things that she is saying that are so bizarre and so skewed from reality that it`s just is painting a picture of someone...

(CROSS TALK)

WEINTRAUB: We`ve never had this situation. She probably just spoke to her lawyer. This was not the first time that she was brought into the police station. She knows the words trying to trick me even though the cops was right over her and Jose Baez left for five minutes and said whatever you do, don`t talk.

VELEZ-MITCHELL: All right, Stacey ten seconds.

ARCHER: Yes, I`m not going to disagree with that...

VELEZ-MITCHELL: Stacey has the last word, ten seconds.

ARCHER: Yes, I`m not going to disagree...

HONOWITZ: Jane, if you want to believe that she was trying to cooperate. She`s a mother who didn`t turn this or who didn`t even give the information for 31 days.

She`s not the one that reported it. It was her mother.

VELEZ-MITCHELL: All right.

HONOWITZ: So how could she say that she was trying to cooperate? And that`s all the evidence they have.

VELEZ-MITCHELL: We will argue about this case, again another day. Thank you, excellent panel.

Turning to the death of Anna Nicole Smith, her former boyfriend in court today expected to fight charges that he drugged Anna Nicole or at least supplied her with drugs. I will have an update.

Plus, another celebrity in court, Chris Brown pleads not guilty in the Rihanna beating, but he allegedly is working hand in hand with the alleged victim, Rihanna, to tidy it all up.

VELEZ-MITCHELL: Chris Brown enters a not guilty plea in the Rihanna beating. I will tell you what Rihanna`s dad had to say about that.

But first, "Top of the Block."

Anna Nicole Smith`s former boyfriend hauled into court today. Howard K. Stern and Dr. Khristine Eroshevich were set to be arraigned on felony drug and conspiracy charges related to Anna Nicole`s fatal 2007 overdose, the arraignment now delayed until May 13th.

Stern is expected to enter a plea of not guilty at that time. It appears he is ready to fight these charges with everything he`s got. Here is his lawyer attacking the Attorney General today.

(BEGIN VIDEO CLIP)

STEVE SADOW, LAWYER FOR HOWARD K. STERN: Brown, not Howard K. Stern is the real enabler in this misguided and unprecedented prosecution.

(END VIDEO CLIP)

VELEZ-MITCHELL: Wow. Here on ISSUES I will update you on the very latest developments in what is sure to be an intense legal battle.

That is tonight`s "Top of the Block."

Chris Brown pleads not guilty in the alleged assault on pop star girlfriend Rihanna, but in the aftermath of the arraignment some disturbing questions. Why was Rihanna`s lawyer speaking for her and Chris Brown at the same time and what`s up with those screaming fans as Brown strolled into court?

Take a look at this. Why are these women screaming and exalting this man who faces felony charges, felony charges that he bit, punched, choked and threatened to kill pop star Rihanna? I do not get it. Why are they cheering him?

Also, it seems the accused batter is in cahoots and strategizing with the alleged victim speaking with one voice through Rihanna`s lawyer.

(BEGIN VIDEO CLIP)

DONALD ETRA, RIHANNA`S ATTORNEY: I believe that there are efforts on behalf of all of the parties to try to resolve the case expeditiously and fairly. I think that would benefit everybody.

(END VIDEO CLIP)

VELEZ-MITCHELL: Does that make a mockery of justice? Is Rihanna betraying herself and other women? How is justice served if the victim and the accused are working together to make it all go away. Somebody please explain that to me.

Plus, Rihanna`s dad reacts to Brown`s not guilty plea by asking so what happened. Did somebody else do this to my daughter? Rihanna`s dad then tells Brown to stop being in denial.

And joining me: Brenda Wade, clinical psychologist as well as Mike Walters, managing editor at TMZ. Mike, what is the very latest?

MICHAEL WALTERS, MANAGING EDITOR, TMZ: Like you said Jane, the weirdest part of this and I think it was a bold statement, is that Donald Etra who is Rihanna`s attorney was the one speaking on behalf of both parties after the Chris Brown`s hearing.

Now, remember the thing we just heard him say was all -- there are efforts with all the parties to resolve this quickly. Who is all the parties? When was the last time that you saw a victim -- the victim`s attorney speak on behalf of the person that`s being -- you know, is on trial or in court? It`s just weird and maybe two music moguls in this situation that makes sense.

But like you said it, it doesn`t make sense, even the fans outside. You`ve got girls yelling about Chris Brown about how they want to see him and oh, I`m a fan. It`s like, it doesn`t make sense in the normal world or in a normal case like this. None of it makes sense.

VELEZ-MITCHELL: Well Brenda Wade, as a psychologist, does it upset you because it really upsets me to see girls cheering on this guy...

BRENDA WADE, CLINICAL PSYCHOLOGIST: Yes.

VELEZ-MITCHELL: ... when he`s accused of beating up this beautiful woman and then it`s doubly upsetting that she apparently wants it all to just go away as opposed to working through the system.

WADE: It is very upsetting, Jane. It is very upsetting because the message here is that Chris is not accountable. And by working in cahoots, the two lawyers, what Rihanna is basically saying is that she deserved to be beaten and he`s not accountable.

And what we know is that if people are not held accountable for this kind of behavior it does not change. Chris is not going to get a strong enough message that there are boundaries. Those boundaries are called justice. And Rihanna is not going to learn to grow her own self love, her own self esteem and stand up for herself as a woman.

VELEZ-MITCHELL: Yes and this wasn`t just a slap or a moment. This was something that went on and on. I`m holding in my hands ...

WADE: Yes.

VELEZ-MITCHELL: ... the statement that she gave to cops. And let me tell you, it goes on and on; punched her in the face, mouth filled with blood and blood spattered all over her clothing and the interior of the vehicle. Page after page it goes on and on.

Mike Walters, this isn`t just a slap.

WALTERS: Right, well remember, we TMZ posted the one photo which was horrible in itself. But I can tell you the other thing is one of the reasons they don`t want to go to trial in this case and Rihanna and Chris Brown don`t want this to go any further is because there are more photos, Jane -- there are photos of Rihanna a little bit after the ones we posted where it`s swollen shut.

Her eyes, apparently what I`m told is they look ten times worse than the one they posted; that they don`t want to get out there so that`s one of the things. But yes this is really odd and I can tell you one more thing. Rihanna is...

VELEZ-MITCHELL: So wait Mike, you`re saying the TMZ photo, the photo that you have here, the TMZ photo. That`s not the worst one, there`s one that`s worse than that?

WALTERS: There are multiple that are worst on that, that is not the worst one, that is -- what I`m told one of the first one. There is one taken after that are a part of the investigation that if it goes to trial and if this goes to that point they could be made public in an open courtroom during this criminal trial and they don`t want anyone to see those.

VELEZ-MITCHELL: Now listen, I want you to listen to an interview with Chris Brown gave Tyra Banks about a year before the Rihanna beating. He talked about witnessing his mom being the victim of domestic violence.

(BEGIN VIDEO CLIP)

CHRIS BROWN, SINGER: I`m just saying that from being -- like visually abused by it so...

TYRA BANKS, HOST, THE TYRA BANKS SHOW: And how did it affect you?

BROWN: It affected me, you know what I`m saying? Basically especially towards women, I treat them differently, because I don`t want to go through the same thing or put a woman through the same thing that that person put my mom through.

(END VIDEO CLIP)

VELEZ-MITCHELL: That`s totally fascinating, because he`s saying, essentially, that he does not want to repeat the pattern. But the studies and the statistics show that somebody, a boy who witnesses that kind of violence in the home, is almost pre-programmed to repeat it unless he gets intervention, treatment.

And when we come back, I want to talk a little bit about prevention. Because, yes, crime and punishment is fine, but we as a society have to figure out how to stop it before it happens.

Everybody, hang tight. More on the Rihanna-Chris Brown mess in a moment.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: How do you plead with count one of violation of section 245-A-1 of the penal code?

BROWN: Not guilty.

UNIDENTIFIED FEMALE: As to count two, a violation of section 422 of the penal code?

BROWN: Not guilty.

UNIDENTIFIED FEMALE: All right. Thank you very much.

(END VIDEO CLIP)

VELEZ-MITCHELL: There it is. In the aftermath of Chris Brown`s not guilty plea in the alleged assault on pop star girlfriend Rihanna, a lot are asking, "Hey, why do these two people appear to be working together? Aren`t they on opposite sides of the fence here?"

I`m back with my panel. Phone lines lighting up. Bridget, California, your question or thought.

BRIDGET, CALIFORNIA (via telephone): Hi, Jane. This is Bridgette calling from Santa Maria, California. I have more of a comment than I do a question.

VELEZ-MITCHELL: Go for it.

BRIDGET: And I think that his -- all endorsements need to stop, you know. I`m driving in my car they`re still playing his music. I have an 11-year-old daughter that looks up to him. Now she doesn`t like him.

And just because they`re famous, they think they can get away with anything.

VELEZ-MITCHELL: Well, Mike Walters, how is this affecting his career? It seems like the more that the more either one of these stars try to make this go away, the worse it gets for them.

MIKE WALTERS, ASSIGNMENT MANAGER, TMZ: I actually have a great answer to that question. It`s a picture I`m going to paint for you real quick.

The last images we got of Chris Brown was from last week. He playing basketball at a place called University of Mary Washing which is in his hometown in Virginia. He was playing basketball and in the next images that came up with him with the girls` basketball team -- the whole team. Like this like, "Hey, it`s us and Chris Brown. We`re fans."

The reality of the situation, you were about to talk about prevention is that week, there were people wearing white ribbons on their shirts because it was the week of students against violence against women. And Chris was on campus during this week and the only images that come out of there is him with the women`s basketball team. It`s on our Web site but how unbelievable this that?

VELEZ-MITCHELL: Brenda Wade, I mean, as we talk and I want to hear your thoughts. Let`s put up the power and control wheel that the abusers use to control their victims.

BRENDA WADE, CLINICAL PSYCHOLOGIST: And it`s easy to control the victim, Jane, because in this case, we have a very young woman who despite the fact that she`s a pop star, her self-esteem isn`t that strong.

We just saw the interview with Chris, with Tyra Banks in which he said, "I don`t want to be an abuser, because I saw it." So this is definitive proof. You cannot just wish away a historical pattern. He has the pattern, but you know, I always give free service whenever I can on my Web site docwade.com. Anyone who wants to break historical patterns can go there and get a free love lesson to help them do it.

And I hope Chris and Rihanna will break them.

VELEZ-MITCHELL: And I want everybody to get help. Thank you.

I`m Jane Velez-Mitchell. You`re watching ISSUES.


 



 


California's Unemployment Rate is in the Double Digits; G-20 Takes Place in London; Ultimatum For the Ailing Auto Companies: What That Means For You; Unemployment Has Reached 8.5 Percent


BYLINE: Christine Romans, Ali Velshi, Richard Quest, Thelma Gutierrez, Brooke Anderson, Jim Acosta


GUESTS: Lakshman Achuthan, Brad Karsh, Mike Quincy, Michael Hiltzik, Louis Barajas


SECTION: NEWS; Domestic


LENGTH: 7948 words




HIGHLIGHT: California's unemployment rate is now in the double digits. The G-20 takes place in London. Did President Obama get what he wanted and will that be useful to us in the States? GM and Chrysler have been given an ultimatum. What that means for us. Unemployment in this country has reached 8.5 percent, the highest in 25 years.


CHRISTINE ROMANS, CNN HOST: Welcome to "YOUR MONEY." I'm Christine Romans here in New York.

An incredibly busy week from Detroit to Washington to London. I'm all alone here in New York because Ali's coming to you from Los Angeles. Ali, we're like the bi-coastal anchor couple this week.

ALI VELSHI, CNN HOST: I miss you out here.

ROMANS: I know.

VELSHI: But California's a really, really important part of this story. From a housing perspective, we have seen some of the biggest losses in home prices, home values, in California. In the last year- and-a-half, we've also seen some of the largest foreclosure numbers and the jobless number. California is one of a handful of States with an unemployment rate in the double digits right now.

And on top of that, we've got the G-20. You just mentioned London; a gathering of world leaders in London. Did President Obama get what he wanted and is that useful to us here in the United States? We'll get a full G-20 report as only Richard Quest can deliver.

ROMANS: Oh, and he delivers every time, doesn't he?

VELSHI: He does.

ROMANS: Also ahead, GM and Chrysler, they have been warned. We'll find out what the ultimatum for the ailing auto companies means for your job, your car payment, and your warranty.

VELSHI: But the big, big, big story today is the unemployment report. Unemployment in this country now stands at 8.5 percent. That is the highest in more than 25 years. More than 5 million jobs have been lost since the start of this recession. And even as Wall Street shows some recent signs of a rebound, the staggering job losses mean that many Americans have yet to see any glimpse of a real recovery.

Let's break this down by month. Let's take a look at what we've got. We have the unemployment rate and the unemployment report for the month of March. But let's go back a few months to October, where we really started to see the heavy job losses after the credit losses set in: 651,000 jobs lost in October, 655,000 in November, 681,000 in December. Look at January, the worst of them all so far, 741,000, back to 651,000 in February, and then up again. Boy, Christine, I was so hoping that March would show a lower number, some indication that we were trending away from these high, high unemployment numbers. But that's not even the full story, Christine. When you break it down further, it becomes a lot more relevant to people.

ROMANS: It's absolutely true. Ali, the work week, you can feel this at your job if you have your job. The work week is just over 33 hours a week now. Think of that. That work week keeps shrinking because companies don't have enough business to keep you employed full time. They're trying to cut hours so they don't have to cut as many jobs.

You look at some of the job loss by sectors, you're actually seeing a gain for housing -- for health care, rather. A little bit of a gain, 14,000 jobs. That doesn't even make a dent into the losses you're seeing elsewhere. Construction, manufacturing, business services, even government jobs lost jobs in the month. And the government says in its report, Ali, point-blank: vast job loss across almost all sectors. It's clearly, clearly something that continues to be a problem.

The pace of the declines over the past five months show that you're right, Ali, after that credit crisis in the fall, companies are really throwing in the towel.

VELSHI: Now we're going to give you some real specific advice on this show, things you should do immediately if you're looking for a job and some sense of where might jobs be geographically and by industry. But even as you indicated those places where there has been job growth in the last year or so, in government, in retail, in education and in health care, even those are slimming down.

So you cannot expect that your job is likely to come back. You have to be prepared for this to be going on longer and you being able to perhaps retrain or move somewhere else to get a job.

ROMANS: One job that is not coming back is Rick Wagoner's job. He is the CEO, the former CEO of GM, of course. And an ultimatum from the White House this week, Ali, to GM and Chrysler, look, we're going to give you financing for 30 days for Chrysler, 60 days for GM, but you've got to get your house in order, because this is your last, last chance.

VELSHI: And that's a very, very big deal. As you know with the three U.S.-based automakers, Ford has been in the healthiest position of the three, not having to take any government money. But they sort of started a downsizing or a right sizing back in 2005. General Motors was on its way to doing such a thing, but this credit crisis has hit all automakers, not just U.S. automakers, as people are not buying cars, maybe because they can't get the credit they need to do so, maybe because buying a car isn't your priority if you think you might be losing your job or you have already lost your job.

General Motors has got to come up with a plan for viability. All of the auto makers were asked for one in February. They came up with one and the White House has come back to General Motors and Chrysler and said, these plans are not likely to work. In the case of Chrysler, it's looking for an alliance with Fiat, but there are a lot of are observers who say they're not entirely sure why a combination of Chrysler, which is a very troubled company, with quality issues, with production issues, and Fiat would actually make a company that would work and be viable.

So it's entirely likely that in the next 30 to 60 days, we're going to be talking a lot more about the auto industry. What is that going to mean to you and your job and your community, which in many cases is depending on the spending of auto dealership?

ROMANS: And your warrantee.

VELSHI: And your warrantee.

ROMANS: The government is stepping so that it can back up the warranty with GM and Chrysler, so you'll be comfortable to still buy a car in that period. I want to read something in the "Detroit Free Press," Ali, because I think it is very telling about just how monumental that move was this week. Quote, "not since President Franklin Roosevelt considered taking control in Ford Motor Company in 1943 from the failing Henry Ford has the federal government pushed for such sway in the management of Detroit's automakers. The tack suggests a hard-nosed approach from the Obama administration toward the automakers, bond holders and the UAW."

There was a little bit of concern, frankly, about, wait, how come they're being so tough on the blue collar auto industry and not on the white collar banking industry? But Ali, when you dig into it, it's interesting, Timothy Geithner, the Treasury secretary, this week, said he would, if he had to -- he would remove a bank CEO. And they have changed much of the board of Citigroup and also they've named the CEO of AIG, Freddie -- Freddie Mac, Fannie Mae.

This is an incredibly interesting time right now, with the government with such management over private industry.

VELSHI: That leads us to another big thing. The president in London for the G-20 and the idea of how much oversight over industries should governments have? How much regulation of industry should governments have, given how much they've intervened financially?

ROMANS: Let's bring in our very own Richard Quest, host of "Quest Means Business" and talk about this G-20 conference. Richard, a couple of questions. How did President Obama do on the world stage his first time out? And did he get what he wanted? And is capitalism wounded here and how badly? I mean, gosh, calling for an end to the old Washington consensus? Sarkozy talking about turning the page on the Anglo-American dominance of world markets.

RICHARD QUEST, CNN INTERNATIONAL CORRESPONDENT: No, there's a lot there that we need to dissect surgically and slowly. First of all, your question, how did President Obama do on the world stage? Look, what did you expect him to do? Spit on the carpet and not know which knife and fork to use? The president did very well, thank you. He came with a large entourage of some 500 security and staff and they set out their agenda. Everybody knew what the U.S. wanted. They wanted more on stimulus. They didn't want the global regulator. They did want some things and not others. I don't think they got everything. I think they may well regret some parts of it. But in terms of President Obama himself, he was, in many ways, a cornerstone of that conference, because he had to accept that the U.S. -- the U.S. markets were largely responsible for the crisis we are in.

He did so with grace and with gratitude, and then they moved on. And you had so many questions, I completely forgot the other one.

VELSHI: I'll pick one up. It's Ali here. We were making a little fun of you last year because you always happen to find yourself at these major world events, where they have fantastic cocktail parties. But really, there were many people who thought this would amount to not much more to either a cocktail party at best and at worst a drubbing for the United States. And there does seem to have been much more that came out of this. Certainly markets liked what happened.

QUEST: I think the real problem was the media wanted it to be a big blast, I think. I actually have always believed that something substantive would come out of it, because I've been in the G-20 in Washington, and I've seen the positions. They knew -- we hear one phrase again and again and again: whatever it takes for however long is necessary.

Now, if you are a policy maker, you don't use those sorts of words unless you intend to back it up by actions. We can argue about whether they're the right actions, 1.1 trillion by the IMF, greater regulation, tax -- beating up on the tax havens. But at the end of day, they had to do something along those lines. They had to be seen to be taking action.

And the reaction that I've seen and you've seen in the markets is it wasn't as much as it could have been. It was more than expected. It's a start, not a finish. And they're moving in the right direction.

Now, I don't know about you, but here on the "Quest Means Business" set, we have a little bell. That's not a bad deal to my way of thinking.

ROMANS: I'm telling you, Richard and Ali, I really do think there was real work done there. And Ali and I had a conversation earlier this week about come on, this day of modern technology, why are they getting on a plane. They're all getting in the same room in all of this. Listen, I really think some work got done there, and I think they showed a global face.

I do want to ask quickly this idea that American style capitalism is wounded and that we're turning a new page on to kind of a new era; is that overstated?

QUEST: Well, the British prime minister used the phrase Washington consensus. And that was then discussed by President Obama in his news conference. It is a term of art. It's a very specific reference to a particular type of thinking in economies that relates to trade flow. It's not like (INAUDIBLE) it is all over but the shouting.

What it means is the capitalism, the greed is good capitalism that we saw in the '90s and in the early part of this decade, is over. That there has to be -- what your president described -- what the U.S. president described as being the era of responsibility. And that is really what they're talking about. Nobody, nobody, nobody is suggesting the nationalization of markets, the over-regulation, the socialism arriving through the back door.

What they are saying is unfettered capitalism with markets run riot, that is a thing of the past.

VELSHI: A lot got accomplished there, Richard, as you said, maybe not as much as we would have liked, but more than some of us expected. I'm never going to make fun of you again for covering a conference. Great to see you, my friend. Great work covering it.

QUEST: Way, listen, listen, listen, hang on. I've got one thing to tell you.

VELSHI: What's that?

QUEST: I might be coming your way for the next G-20, which we can talk about. And, by the way, don't forget I think I'm still beating you on Tweet and Twitter names and numbers. But the next G-20 is in New York, I believe, and it is in September. And we'll be able to go hammer and thongs, face-to-face.

VELSHI: You'll be our guest; @RichardQuest on Twitter, @AliVelshi on Twitter and @ChristineRomans. Follow us all. Richard, great to see you as always.

ROMANS: All right, it's the worst jobs market in a quarter century. The three things you must do today, right now, to protect your job.

ROMANS: Six hundred sixty three thousand jobs lost in March alone. There are signs, though, of a pull in this economy, there really are. But so many of you want to know is when will we see the turnaround in the job market? Ali Velshi is holding down the fort for us in the West Coast. And in the studio with me is Lakshman Achuthan, managing director of the Economic Cycle Research Institute.

Let me ask you, first, here; you just said something in the break that I find very, very fascinating. This horrific jobs report.

LAKSHMAN ACHUTHAN, ECONOMIC CYCLE RESEARCH INSTITUTE: Yes.

ROMANS: The worst employment situation in 25 years. People running scared about some sort of permanent down shifting in the American labor market. And you say, yes, but we see little signs that a recovery could be beginning.

ACHUTHAN: Absolutely. The updated jobs numbers are telling us what we suspected, which is that this is a horrible recession. It's the most severe we've seen since World War II and it's not over. And it helps us understand and confirm that.

But in order to understand where we're headed, including the job market, we need to look at forward-looking indicators. And our longest leading indicators of the economy, which anticipated this recession which covers the entire country, bottomed in November. We couldn't see that in November, because you had to wait to see it rise, but it actually bottomed in November. Shorter looking weekly leading indicators bottomed in December. They're now at a 23-week high in their growth rate.

And after that, you have the stock market. It looks like it bottomed in March.

ROMANS: For the people who don't know, it's been up 19 or 20 percent over the past four weeks, the best four seek performance I think since 1938.

ACHUTHAN: Yes and the problem is, right, you're not sure, because the stocks can give you false signal. They've done it before. But what is very telling is that sequence. The long leading index bottoms in November. The weekly leading index bottoms in December. Then, shortly thereafter, we see a bottom in the stock market. That sequence, one, two, three, we don't see that much as a growth rate cycle.

ROMANS: Are you ready to make a call that we've seen the bottom? Or you need to see more monthly data?

ACHUTHAN: No, no, no, the bottom hasn't happened yet. It's in the next few months. But the point is that once you see the sequence occur, you're going to have the worst of the recession occur shortly thereafter. And that precedes a business cycle recovery somewhere between the next two or three months after that.

So there's a business cycle recovery in 2009. That's a big deal.

VELSHI: Lakshman, let's talk about how these job numbers break down. We've seen this every month. But when we break the unemployment numbers down by gender and by race. Let's take a look at gender, first of all. The national employment number is 8.5 percent. But for men it's higher, it's 8.8 percent. For women it's seven percent.

ACHUTHAN: Right.

VELSHI: Now let's talk about that and let's look at it by race. Whites have an unemployment rate of 7.9 percent, lower than the national average. Blacks, 13.3 percent; Hispanics, 11.4 percent. Tell me a bit about these numbers? Are they unusual or are they typical? ACHUTHAN: They're generally typical. The fundamental basis of job losses during recessions is that the blue collar worker takes it on the chin every time. They never, ever dodge a recession. They always are on the front lines. And they get hit the most.

And what you see is that will end up meaning a lot of men, because men tend to work in these cyclical industries like manufacturing or construction, where women might work a bit more on education or health care, a little bit less cyclical.

When you look at race, you may have minorities working in some construction or other things a bit more than others. In this cycle, what's been unusual is that the white collar worker is losing jobs right alongside the blue collar worker, because of how this has been a Wall Street recession, too.

ROMANS: Let me bring in Brad Karsh. The perfect point to bring in him, the president of Job Bound. And he's going to help us try to figure out how to keep that job safe. Brad, thanks for joining us. You heard the dirty details of the numbers. It's a very complicated and -- frankly, actually, it's not that complicated. It is pretty much a dismal picture for people who have a job here, whether you are, as Lakshman said a blue collar job, a white collar job or whether you've been looking for a job for a long time.

What are the things people need to do to preserve their job right now?

BRAD KARSH, JOB BOUND: Sure. It's never easy and there's certainly no foolproof way to do it. But there are a couple of thins you want to start doing now, if you haven't done them already, to make sure you keep that job. One, you want to try and make yourself indispensable. That is going to mean different forms to different companies, but maybe that means you tie yourself to something that's very important to the company.

So maybe Jan is the person in accounting who knows how all of the processes work, and we couldn't possibly get rid of Jan because we wouldn't be able to bill our clients. Or Gus is the guy who understands exactly how the inventory control works. We wouldn't be able to get products out to the people we need to get them to unless we have Gus around to make sure we do that.

Make yourself indispensable. If you can tie that to some kind of money issue, allow your company to make more money, even better. That's the first thing.

The second thing you want to think about is -- go ahead.

VELSHI: I was going to say, I know you want to talk about volunteering. Tell us about that.

KARSH: Yes, I was going to say, at this point you want to have what I call sort of a bunker mentality, because what's happening is departments of 15 are becoming departments of five. And a lot of the work isn't going away. So when they're deciding who is going to get let go and who isn't, they're looking at people who can take on a lot of work. So when they do say, hey, we need somebody who is going to pitch in and help with this assignment, with this project, you want to have your hand up immediately.

When they say the work hours are nine to five, you're in there at 8:00 and you're leaving at 6:00. Now is not the time to be asking for extra vacation. Now is not the time to be asking for extra benefits, or a raise or perks. You want to have that mentality of I'm here and I'm going to do whatever it takes.

ROMANS: You say be positive. It's hard when you see your unit of 15 is now five. And a lot of people have survivor's guilt and the like. But you have to plow forward.

KARSH: You have to plow forward because, again, it's a tough time for every company. And you don't want to be hanging around with a lot of team who have poor attitudes, people who are talking about potential layoffs, or talking about how miserable the situation is, because, again, as I said, it is like that bunker. Who do you want in the bunker with you? People looking forward and in advance, not looking at the past and looking at bad things.

ROMANS: Brad Karsh, president and founder of Jobs Bound. Thank you so much. And Lakshman Achuthan, Economic Cycle Research Institute. Thank you both.

VELSHI: Well, the president's patience wears thin for General Motors and for Chrysler. What does it mean for your car payment, your warranty, you community and your job?

ROMANS: GM and Chrysler were put on notice this week. President Obama called for another overhaul of the automakers. First order of business, sacking the GM CEO Rick Wagoner. GM will get 60 days of financing and Chrysler 30 days to prove that they can run a viable business before this government will give them any more money. If they can't get it together, the alternative could be structured bankruptcy.

So is it safe now to buy a car from either of these companies? The Obama administration says yes. The government announced it will stand behind warranties for new GM and Chrysler cars. The money will come from both taxpayers and carmakers. President Obama also said the taxpayer money cannot prop up this troubled industry forever.

(BEGIN VIDEO CLIP)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: We cannot continue to excuse poor decisions. We cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars. These companies and this industry must ultimately stand on their own.

(END VIDEO CLIP)

ROMANS: Mike Quincy is an automotive content specialist for Consumer Reports. He is our resident car guy. He knows how they work and he knows how the industry works. And Mike, we've got to tell you, this was a pretty monumental week for the car business. Is this an ultimatum for GM and Chrysler? And was it the right thing for the Obama administration to do?

MIKE QUINCY, "CONSUMER REPORTS": You know, Christine, I think that the auto companies, they don't have any more time-outs left. It's the end of the game. They have to get better. Certainly, the government can't keep propping up the industry. It all comes down to product. General Motors and Chrysler knows that that is ultimately going to be the king.

So we're going to have to see how it goes. But there are a lot of people in Detroit that know how to play this game. I hope they're going to get their act together.

VELSHI: Mike, you know, the issue is this is such a bad time to be dealing with your quality issues. Ford has been dealing with it for a couple of years. GM has some cars out there that could prove the quality case for them, if people would give it a chance. But this is not a time that people are buying cars, either because they don't have the credit available or they're worried about losing their job.

So how do GM and Chrysler prove themselves in this particular environment, when nobody seems to be buying cars.

QUINCY: Ali, I think it's a combination of things. The government is stepping up and saying, if you buy the car, we're going to back the warranties. If either of these companies go into Chapter 11, they're still going to operate. They're going to be reorganizing. Maybe they're going to get to redo their deal with the UAW.

So now is the time when the car dealerships are just begging and pleading and saying please, please come into our dealers and make a deal. We've got to move this metal out. April issue of "Consumer Reports" has all this information. We answer these questions about what do I do with the car if the car company goes out of business? What do I do if my dealer dries up and goes away?

If you tool yourself up, get all this information going, you can go and probably swing a really sweet deal.

ROMANS: There are two things here that people are concerned about. One, they're concerned about the car companies going out of business and maybe they don't want to buy one of those cars. And they're also concerned about losing their own job and they can't afford the car payment.

Two things happened this week, the government and these companies trying to convince you that both of those things are not going to be a problem. There are these payment protection plans. If you lose your job and you qualify for unemployment benefits, these carmakers are going to pay your payment for a few months. And also the government is going to stand behind the warranties.

How important are those two moves? QUINCY: I think it's very psychological, Christine. People are so worried about the economy. They're worried about their jobs and they're not going to be able to make these payments. You take the combination of the government backing the warranty. The auto companies, really started by Hyundai, they're really in the forefront of saying, hey, listen, please come to the dealership, buy the car; if you have a problem with your job, we have a safety net for you?

ROMANS: Is that a good deal for people? Is that a reason to buy a car from Ford, GM or Hyundai, that they're going to pay your bill for three or four months if you're out of work?

QUINCY: I think it helps with the whole psychology.

ROMANS: Right.

QUINCY: I think it helps people get over that fear and the what if. Whether it's people having trouble with their housing situation, their job situation, that's one way for people to have more confidence to walk into a dealership.

ROMANS: Michael Quincy, thanks so much. "Consumer Report," really appreciate it. All right, Mike Quincy, automotive content specialist with "Consumer Reports," always a fantastic fountain of wisdom for us.

California is struggling. We'll head back to Ali for a closer look at how the rest of the country can learn from California's financial crisis.

VELSHI: Welcome back to YOUR MONEY. I'm Ali Velshi, and I'm here in Los Angeles, California. From the housing market to job loss, to the fight for a state budget, California has been a case study for America's struggling economy.

CNN's Thelma Gutierrez spoke to Californians who are trying to explain the problem and some who are affected by it every day.

(BEGIN VIDEOTAPE)

THELMA GUTIERREZ, CNN CORRESPONDENT (voice-over): California, the eighth largest economy in the world, cracking under pressure, with unemployment steadily climbing, the housing market in decline and a state budget that falls billions of dollars short of what it needs to stay afloat.

UNIDENTIFIED MALE: Right now it's coming down to fear.

GUTIERREZ: Fear for people like Mildred Copeland (ph), who is 84 and still waiting tables after 34 years.

PROF. MICHAEL SHIRES, PEPPERDINE UNIVERSITY: Unlike the recession in the early '90s, which was driven by the collapse of aerospace in California, employees in all sectors of the economy feel like they're at risk for their jobs.

GUTIERREZ: Already tens of thousands have lost their jobs this year. In February, unemployment in California reached 10.5 percent and going up.

SHIRES: Most of the projections get us up to somewhere around 12 percent between now and this time next year.

GUTIERREZ: That translates to a loss of nearly one million jobs in the Golden State, according to several economic forecasts.

UNIDENTIFIED FEMALE: Would you like hash browns or home fries?

GUTIERREZ: Bad news for Mildred. She's eager to hold on to her job.

UNIDENTIFIED MALE: You get to a time in your life when you can say I can sit back, relax a little bit and not have to worry. But it's not like that.

GUTIERREZ: Especially for California homeowners. The state has the third highest foreclosure rate in the nation, with one in every 165 homes in foreclosure. But that's not something Mildred has to worry about. Her home is paid for.

UNIDENTIFIED FEMALE: I thank god every day.

UNIDENTIFIED MALE: For what?

UNIDENTIFIED FEMALE: For a job, for my home that's paid for, and I don't have to worry. That's one thing I don't have to worry about.

GUTIERREZ: A good thing in a state that's in a constant state of crisis. It took a record three months for legislators to pass a budget. The stalemate brought California to the brink of financial collapse. Mildred says she doesn't like the way it's being run.

UNIDENTIFIED FEMALE: California used to be a great place to live.

GUTIERREZ: Mildred says she's optimistic the state will make a comeback. Economic forecasts predict it will, but not before 2012.

(END VIDEOTAPE)

GUTIERREZ: Experts say, the main thing driving California's economic crisis is the way our tax structure is based. Half of our general fund revenues come from personal tax income. So when people at the top tier start to hurt because of the stock market crash or the collapse in values of high-end real estate, the state fund revenues suffer as well -- Ali?

VELSHI: That woman who you had in your story, the woman who had been a waitress; I almost wonder whether people who live close to the edge, but don't carry a lot of debt are not as affected by this recession. They've sort of been living in that state for a while. There's not a room where they've had to fall.

GUTIERREZ: Ali, you're absolutely right. Maybe that's the lesson here. You look at someone like Mildred, she's 84-years-old. She's still waiting tables, but she's doing it to supplement her Social Security income. The most important thing here is that she has no mortgage. She doesn't have the monkey on her back that we all have.

VELSHI: Right.

GUTIERREZ: So she doesn't have to worry. She feels like she'll be able to move through this crisis because she lives simply. She was able to pay off her house. And she doesn't have the big worries that so many people out there have, which is mortgage.

VELSHI: We hear a lot of people telling us about their grandparents, who experienced the recession or the Depression, and how they learned the value of a dollar. That might be the silver lining to this thing, that we're going to have a new generation of people that understand how to stretch their money, and how to stay clear of as much debt as we've gotten ourselves into.

GUTIERREZ: Absolutely. I think that's Mildred's point. She says you have to learn from this crisis. You have to take it into the future and learn to live within your means and make sure that you pay off that house, so that you buy a house you can afford. She says that's really the way that she's able to sleep at night.

VELSHI: Thelma, you have a great way of taking these very complicated stories and finding people who can tell them for our audience. Thank you for that, Thelma Gutierrez.

At 10.5 percent, California's unemployment rate is well above the national average. As you can see, job losses have spiked in the state dramatically in recent years. Michael Hiltzik is a business columnist with the "L.A. Times." He joins us now. Michael, thank you for being with us.

California is and has been a boom and bust story for all of its history. Where are we now and what can the country learn from California.

MICHAEL HILTZIK, "L.A. TIMES": Well, obviously, we've come through a big boom and we've had our bust, as you said. This is the cycle that we've seen in California going back more than 100 years now. What we've seen lately is that housing affordability has come way down. That is homes have gotten cheaper, mortgage rates have gotten lower. We are almost at the point now where it makes as much sense to buy a home as it does to rent a home. And that's exactly where we want to be.

VELSHI: If you go back to the highs of the market in 2006, if you had put 20 percent down on the median home in California, your monthly mortgage payments would be about 3,000 dollars. Today, that's come down to 1,000 dollars. But you've really seen massive, massive property price drops in California. And a lot of the home prices, the home sales going on right now are people buying foreclosed homes. So we're not at the end of this yet for California.

HILTZIK: We're not at the end, but we're working through. This is -- once again, this is the way we want to see it happen. We want to see all that inventory sucked up. We want to see the foreclosed homes bought. We want to see the neighborhoods where there are a lot of foreclosures stabilize through these sorts of home purchases. And I think we're just now beginning to see that trend take place.

VELSHI: California and Arizona and Nevada were really the engines of home growth in this country. I mean, you would go to areas around Los Angeles and you would just see these subdivisions building up, these new homes and that has just collapsed entirely. That's hurt the job situation in California a great deal.

HILTZIK: Well, it's hurt because home construction was a big part of our economy and obviously, that's dried up a lot. But one thing we want to keep in mind was that this was never really a monolithic housing market. On the outskirts, what we call the inland empire, Riverside County, San Bernardino County, out in the desert, where people had to move because those were the only homes that they could afford, there's been a huge drop, a huge collapse in housing there.

In the inner city or at least the closed in neighborhoods, we haven't seen that much of a drop. We've seen much more stability in the housing market. And once again, those are good signs.

VELSHI: When you look at the things that make people feel a little more wealthy, it's your job, it's the -- it's the value of your home going up, it's the market. We've started to see that turnaround. But what we've got in California is this budget crisis. Tell me why that's different from other states. Why is California such a major concern?

HILTZIK: California has always had a dysfunctional budget process. In the state legislature to pass a budget and certainly to enact a tax increase, you need a huge super-majority. And that means that a small minority of legislators get a big veto. Year after year, we've had a lot of gridlock. (INAUDIBLE)

They've promised all of the services that we've come to expect in California, great schools, great universities, all of that sort of thing. And they've said we can have that without really paying for it. So they haven't gotten the message across that they have to raise taxes or they have to find a new tax structure. So all of that has failed and now the chickens are coming home to roost.

VELSHI: Michael, good to talk to you. Thank you very much for being with us. Michael Hiltzik is a business columnist with the "L.A. Times." You've been laid off or someone you know has lost their job, what do you do now? Grab a pen and paper. We have your ultimate layoff survival guide.

ROMANS: Already this hour, we've detailed the steps you need to take to save your job. If you've lost your job, like the 5.1 million other Americans this recession, being laid off really is just the beginning for you.

VELSHI: Louis Barajas is a personal wealth adviser, a friend of ours. He's going to lead us through what you do if you've been laid off. Louis, thank you for being with us. I think this is a shock. We know it's happening in the system, but if it happens to you, we've heard from people, they don't really know what the first steps to take off are. If you are laid off from your job, you get into panic, the fear grips you, what should you do first?

LOUIS BARAJAS, PERSONAL WEALTH ADVISER: The first thing is you need to settle down a little bit and you need to know that you need to ask for help. A lot of people have a lot of ego, a lot of pride at the beginning. They don't want to ask for help.

A lot of places they can go on the Web sites to get national help, like the Homeless Shelter director directory.org, place if you're losing your home or you can't feed your kids, there are places you can automatically go to. That's the first step, because when I am sitting down and I'm talking to people across the kitchen table, and you see tears streaming down their face, they're saying, you know, Louis, honestly, my refrigerator is empty. There are a lot of places that can help.

That's the first thing we want to take care of. First thing's first always.

ROMANS: Let me ask you something, let's talk about people who you're talking about, people who have absolutely no savings or very little savings, and for them this job loss is pretty much the end of the line. You say they've got to get an entrepreneurial spirit. What does that mean?

BARAJAS: What that means is if you can't find a job, you need to create one. The problem is that you're hearing a lot of economists talk about that you're going to get skills for another industry. That is going to take you a year or two to do that. You need help right now.

So what do you do? You become an entrepreneur, create a job for yourself. For example, my parents are blue collar workers. When they lost their job, my mom started cutting hair. My dad started going to neighbors and mowing lawns and he started fixing cars. You do what you have to do to feed your kids, pay the bill, pay your rent, whatever you can. That's what you need to do. That's why I'm talking about an entrepreneurial mindset.

VELSHI: Business consultants talk about a SWOT analysis for business. SWOT stands for Strength, Weaknesses, Opportunities and Threats. That's how you deal with figuring out where your business stands. You're saying you should employ that in your own life.

BARAJAS: Do that with yourself. You know, again, across the kitchen table and I'm sitting with a person, I say, tell me what special abilities you have or what are you good at doing. I worked in the automotive industry for the longest time. That's OK, I understand that. What did you do? I was good at communicating. I was good at putting things together. Or I worked on parts that I could easily do plumbing with. That's a strength.

So we have what opportunities? Maybe we go to neighbors and see who needs plumbing fixed right now. A lot of it is underground economy. They're making cash, but it's OK. We're talking about survival, right? We're talking about helping people, earning some money, getting something cash flow and releasing that stress, because they need to feed their kids, pay the rent, pay the light bill.

ROMANS: Let me ask you about this, there was a newspaper piece written about the professional narcissism that the media and, frankly, a lot of outplacement experts are suffering when they talk about how to help people who lost their job? They're talking about how to negotiate your severance and how to get longer health benefits. When you look at the numbers, just over four percent of people with a college degree are unemployed. This hits the blue collar workers, the people living paycheck to paycheck much more severely.

Do you think there's a little bit narcissism going around and that we have to really be honest about how badly the job situation is hitting different groups of people?

BARAJAS: Absolutely. We're not talking about people on -- what I call on the street, you know? Everybody's talking about Wall Street, Main Street. I talk about my street. On the street, people are the blue collar workers, people in construction, people in manufacturing, people in factories. And these people don't have a lot of resources available. I always say, if you don't have resources, you need to become resourceful. And we need to give them ideas on how to make money right now, not how to transform the industry that they're working in. The skill set they have, they can take those skill sets and create a job for themselves right now.

And the goal is to say, listen, I can create a job for myself. I can become self-employed. Maybe I can't create my own business, but at least I can become self-employed, if I've not been out of a job and I'm running out of unemployment.

VELSHI: These are good things to think about. Louis Barajas, thank you very much for making these big trends relevant to people who really need the help. Louis Barajas is a personal wealth adviser.

Big movies cost big bucks to produce. Find out why Hollywood is one business that's actually doing very well these days.

VELSHI: Well, in a time when many industries are struggling, one area is doing well. I'm here in L.A. with CNN entertainment correspondent Brooke Anderson to talk about Hollywood doing OK in this recession.

BROOKE ANDERSON, CNN ENTERTAINMENT CORRESPONDENT: That's right. You know, Ali, when the economy takes a nose-dive, typically Hollywood, specifically the movie industry, thrives. I want to take a look back to the last seven recession years. IN five of those, the box office revenue has actually increased. Take a look at that. So it's pretty darn remarkable. This year, if we're going to look at 2009, in the first ten weeks alone, the box office has increased 11 percent. And I think that's a combination of maybe quality films, like the movie "Taken," which has brought in nearly 140 million dollars domestically since being released. Also the fact that people need, people want entertainment.

VELSHI: Why does it do well in another environment? What's the thing that makes the movie industry stay sort of bulletproof?

ANDERSON: One word, escapism. People want to forget the economic stressful time. They want to forget the job uncertainty, get a little bit of a break from that. Ali, the head of the Motion Picture Association of Americas, Dan Glickman, said to go into a darkened room for two hours where nobody can find you is great therapy, particularly when times are bad. And I think there's a lot of truth to that. And you know, it is a lot cheaper than hiring a psychiatrist.

VELSHI: Prices have been going up, ticket prices, concession prices. Are people managing to afford that?

ANDERSON: People are managing to afford it. People will scrape together their dimes, their nickels, their dollars to shuttle out the movies and to take their kids to see certain films. The average movie ticket price is $7.18. Where you and I live, in bigger cities, it's going to be more costly. But this takes into account smaller towns, dollar theaters, things of that nature. It's an increase of 30 cents from $6.88.

But $7.18, when you compare that to other forms of out of home entertainment, like sporting events, like concerts, it's a pretty good deal.

VELSHI: Is the industry -- do they worry about this or do they look at those numbers you just looked at for the last several recessions and say they'll withstand it? Are they concerned at some point it could hit them?

ANDERSON: Concerned, yes, but still pretty confident. Look back at 2008, when the economic downturn was really kicking into high gear. The worldwide movie box office rose five percent to a record $21.8 billion, much of that attributed to movies that really lifted people's spirits, like superhero films "Ironman," also "The Dark Knight." We're just weeks away from the start of this summer movie season, which is expected to go gang busters with films like the new "X-Men," "Harry Potter," "Star Trek." So confidence is high at this point.

VELSHI: We have had a lot of villains over years. We've seen movies focusing on terrorists when terrorism was big. Is Wall Street the new villain? Are we going to start seeing movies with the financial industry?

ANDERSON: We are. In fact, there's a move coming late May called "Drag Me To Hell." It looks terrifying, I'm going to be honest. But it's Hollywood portraying those in the financial industry as villains. And it really reflects a real anger that people are feeling today, although this, of course, is exaggerated for dramatic effect. And we'll probably see more and more of those as time passes.

VELSHI: Are we finding, by the way, that these increases in spending on entertainment will work their way through in spending on home entertainment? Are we going to see more people renting movies as a result?

ANDERSON: Possibly. DVD sales aren't doing quite as well or rentals, but that could happen in the future, because people are certainly looking towards cheaper alternatives for entertainment.

VELSHI: A little bit of nesting, too. Brooke, great story. Thank you so much for being with us. Great to see you in person. We don't get to do that all that much.

Smokers are fed up and it's got nothing to do with cigarette bans. Find out why cigarettes are costing more than ever.

ROMANS: Well, smokers are fuming over a huge increase in the federal tobacco tax. CNN's Jim Acosta reports.

(BEGIN VIDEOTAPE)

JIM ACOSTA, CNN CORRESPONDENT (voice-over): Smoke them if you've got them has become smoke them if you can afford them.

UNIDENTIFIED FEMALE: I can't do it anymore. I'm done. I'm done. I'm not smoking anymore, after this cigarette.

OBAMA: There you go.

ACOSTA: Last February, when President Obama signed a law that expanded health care coverage for millions of children, he did so on the butts of millions of smokers.

OBAMA: In a decent society, there are certain obligations that are not subject to tradeoffs or negotiations, and health care for our children is one of those obligations.

ACOSTA: To pay for all that new coverage, starting today, the federal tobacco tax on a pack of cigarette is going up big time, from 39 cents to 1.01. Anti-smoking activists, who have been fighting the likes of Joe Camel for decades, like the smell of that.

DANNY MCGOLDRICK, CAMPAIGN FOR TOBACCO FREE KIDS: All the research, all the evidence shows one of the best ways to reduce smoking, particularly among kid, is to increase price. Our models suggest that almost two million kids will be prevented from becoming smokers just from this price increase.

ACOSTA: But critics argue it's a promise broken for President Obama, who said he would only raise taxes on the wealthy. And it's the poor who smoke the most. CHRIS EDWARDS, CATO INSTITUTE: If you're a pack a day smoker, that -- this 62 cents per pack increase is a 225 dollar a year federal tax increase. For people with a moderate income, that's a pretty big hit.

ACOSTA: And the tax is not a big hit with the dwindling number of restaurants that still sell tobacco product, like this Washington cigar bar just a few blocks from the White House.

BOB MATERAZZI, SHELLY'S BACK ROOM: If we get a dramatic increase in a particular brand or particular line of cigars, we'll be forced to increase the price somewhat in order to maintain our margins. So, yes, if there's a dramatic increase in a particular item, we will pass that on somewhat.

ACOSTA: The big cigarette makers have already done just that, raising their prices before the hike. Public health advocates say add that to the list of reasons for smokers to kick the habit.

UNIDENTIFIED MALE: Yes, it's probably time to stop. It's just getting out of hand.

ACOSTA (on camera): And Congress isn't finished with the tobacco industry just yet. The House is set to vote on a bill that would give the Food and Drug Administration the power to regulate tobacco products for the first time. That's quite a leap forward from those smoke-filled rooms up on Capitol Hill.

Jim Acosta, CNN, Washington.

(END VIDEOTAPE)

ROMANS: You know, Ali, these are the kind of times where you try to find anything you can to tax to try to get more federal revenue. One thing about taxing something like this, it starts to raise questions, is addiction price sensitive? Maybe some people will quit smoking, but there are some people who, the higher price, it's not going to beat the fact that they're addicted to this stuff.

VELSHI: Yes, although increasing the price of cigarettes has really been very effective, particularly in getting rid of teen smoking, which is where all the growth was. So there's a real public health element to this. And I think there is a point with cigarettes where there are substantial increases it does makes a difference.

But I think the bigger point there is what Jim was talking about, giving the FDA the real right to regulate cigarettes and their prices. That's just not something we've done effectively in the past. It could have an interesting effect.

This idea of not having people smoke in restaurants in cities, that's really cut down smoking, too. Interesting.

ROMANS: It really has changed things, hasn't it, over the past few years? It's amazing. VELSHI: It was a busy week. Thank you for joining us. Make sure you join us every week for YOUR MONEY, Saturdays at 1:00 p.m. Eastern and Sundays at 3:00.

ROMANS: You can also logon 24/7 to CNNMoney.com. Have a great weekend. Bye-bye, Ali.

 



 


Advocate slams soft-tissue injury definition


BYLINE: STEPHEN LLEWELLYN llewellyn.stephen@dailygleaner.com


SECTION: NEWS;NEWS; Pg. A3


LENGTH: 606 words


The consumer advocate for insurance in New Brunswick is calling on the provincial government to make changes to the auto insurance legislation that puts a $2,500 cap on minor injuries.

"I do not call a broken pelvis a minor injury," Ronald Godin said Thursday.

"But by the definition of our legislation, unless it is very, very debilitating, that it prevents you from doing your ordinary work ... it is deemed to be a minor injury."

Godin made the comment after releasing his annual report for 2008. In the document, he warned that something has to be done because even an injury that results in partial impairment for life is considered a minor injury.

"I don't think that was the intent way back when we brought in that ... legislation," he said. "It was intended to cover what we called at that time soft-tissue injuries.

"For some reason, the word minor injury was put in there instead of only soft-tissue injury."

That makes New Brunswick different from Nova Scotia and from Alberta, which both have a cap, he said.

Godin said there are almost 200 lawsuits before the courts challenging the legislation. There was an agreement between government and industry to submit several typical cases for a test court ruling in 2008, he said, but there was a delay.

He said he isn't calling for the elimination of the minor-injury cap because that could cause insurance premiums to jump by $200 to $250.

"It doesn't have to be all or nothing," said Godin. "We should compensate people with serious injuries."

But Justice and Consumer Affairs Minister T. J. Burke said Thursday he has no plans to change legislation until after the court rules on the test cases.

Burke also said he has reviewed court cases in Nova Scotia where similar legislation has been upheld and in Alberta where the cap has been struck down.

He said he has a contingency plan ready if the legislation is struck down, but he declined to reveal it.

Bill Adams, regional vice-president for Atlantic Canada for the Insurance Bureau of Canada, said he supports Burke's position.

He said he expects the test court cases will be heard this fall.

"I find it quite impudent that someone like the consumer advocate would be calling for changes when the matter is being reviewed," said Adams.

He said that since 2003 auto premiums are down by 36 per cent because of reduced claims attributed to the cap.

Adams also said the cap applies only to compensation for pain and suffering for minor, non-permanent injuries.

"There is a great deal of confusion out there right now," he said. "There are a lot of people who think that if you are injured in a collision in New Brunswick, $2,500 is all you get for everything.

"I would ask that you make that differentiation."

Godin also said the province's new territorial system for auto insurance is working well. The 11 new territories came into effect Jan. 1, 2008, and there have been few complaints about it to his office, he said.

Godin said that in general the new territorial system reflects that the risk of having an accident claim is higher in the big three cities and lower in rural areas.

That's why Fredericton, Moncton and Saint John are separate territories, he said.

"Right now the highest risk area is Moncton, followed by Saint John, then it is part of the Acadian Peninsula and then probably Fredericton," said Godin.

Prior to that, for decades there were four territories that didn't reflect actual risk, he said.

Godin also said that auto insurance rates fell 2.04 per cent in 2008 and the average insurance rate is $765.

He said there are 53 companies writing policies in New Brunswick and more drivers than ever are shopping for the best rate.




 


Insurance advocate questions cap legislation


BYLINE: Chris Morris Telegraph-Journal


SECTION: NEWS;NEWS; Pg. A3


LENGTH: 574 words


New Brunswick's insurance watchdog says people with serious injuries are being denied adequate compensation because of the way provincial legislation is worded.

Ronald Godin, the Consumer Advocate for Insurance, said Thursday many people have called his office in disbelief after they were told the cap on so-called minor injuries includes such debilitating problems as broken bones.

"I do not call a broken pelvis a minor injury," Godin said, shortly after releasing his 2008 annual report.

"But by the definition of our legislation, unless it is very, very debilitating and prevents you from going about your everyday duties, it is deemed to be a minor injury. So you can be disabled for many months, you can have a partial impairment for many years, maybe even life, but according to the wording, this is deemed a minor injury."

Godin said he believes it was an error to stipulate that the $2,500 cap on insurance payouts applies to "minor injuries" from traffic accidents.

He said the intent of the legislation was to apply the cap to what are known as "soft-tissue" injuries, such as neck sprains.

"Our legislation looks at the impact of any injury, not the type of injury," Godin said.

"So whether it is a broken pelvis or a twisted tendon, if it's within the definition of the legislation, it's a minor injury."

The New Brunswick government introduced the $2,500 minor injury cap in 2003, limiting the right to sue for people injured in auto accidents.

According to the Insurance Bureau of Canada, the move triggered a drop in auto insurance premiums of almost 36 per cent. It says New Brunswickers now enjoy among the lowest rates in the country.

Justice and Consumer Affairs Minister T.J. Burke said the province is not going to change the legislation at this point.

Burke said a constitutional challenge of the New Brunswick legislation is making its way through the courts. He said the government will leave it to the courts to rule on the issue.

"Our number-one priority right now is the economy and we feel New Brunswickers are in a great position with respect to low premiums for auto insurance rates," he said.

"We've worked hard at ensuring that premiums stay down and that we have affordable rates for New Brunswickers. That is a priority for our department."

The insurance caps in Alberta and Nova Scotia both have been challenged.

Last year, Alberta's Court of Queen's Bench found that the province's insurance reforms violated the Canadian Charter of Rights and Freedoms by discriminating against accident victims with soft-tissue injuries.

The Alberta government has since appealed.

Nova Scotia's cap also faced a constitutional challenge, but withstood a case in which victims claimed the minor injury regulations were discriminatory.

Godin said there were almost 200 cases in New Brunswick courts contesting the validity of the provincial cap.

He said the plan is to whittle down that number to just two or three test cases to put on trial.

He said the challenge was supposed to be underway in 2008. He said he hopes it will be resolved this year.

"As a consumer advocate, I don't want premiums to go through the roof again as we saw in 2001 and 2002," Godin said.

"But it doesn't have to be all or nothing. We should compensate people with serious injuries adequately. But people with soft tissue injuries should accept that a cap is necessary to control the premiums. We can do this and still allow the industry to be healthy and profitable."


 



 


VW insiders lay out GTI, Beetle and Passat plans


BYLINE: MICHAEL BETTENCOURT


SECTION: GLOBE MEGAWHEELS; AUTO BUZZ; Pg. G7


LENGTH: 1003 words


In a rare and refreshingly frank opening of the future product vault, Volkswagen insiders last week laid out plans that included details on the upcoming GTI, as well as on two 2011 models, the replacement for the Passat mid-size sedan and a more masculine New Beetle.

A new Volkswagen GTI will land on our shores by October. It will have a carryover 200-hp engine, but there's a good possibility a more powerful version will also make it to Canada.

The U.S. R32 version has used a 250-hp, 3.2-litre V-6 in a special all-wheel-drive version of the GTI for the last few years; however, it wasn't available in Canada, due to our differing bumper regulations. Well, the bumper rules will be aligned by this fall, and special editions of the GTI are planned, so it's more likely that any future higher-performing GTI would make it to Canada.

Car and Driver magazine speculated about such a beast earlier this year; the magazine suggested that a 270-hp GTI R version would be coming, perhaps newly dubbed R20. This designation would reflect the same 2.0-litre turbo engine, but in a much higher state of tune.

The New Beetle can barely be called new any more, but it has recently been saved from lapsing back into retirement with the decision to replace the retro two-door in 2011, VW insiders say. When the first one debuted in 1998, it was given a 10-year, one-cycle life span. It has now passed the decade mark, but will be given a new life, keeping both coupe and convertible versions.

The next Beetle will be less rounded, flatter, and look more like the original Beetle, with the roof flowing into the rear in one swept line, according to those who have seen it at recent future product briefings. "One priority for designers was to make the design appeal more to males," said one insider.

The next Passat will in fact not be the next Passat, as VW will likely adopt a new name for their upcoming mid-size sedan.

Volkswagen has high hopes for this car as a mainstream hit, as it will be built in the southern United States, at the Chattanooga plant in Tennessee that's being built now. With a global debut planned for the Detroit show in 2011, the car is slated to go on sale in July, 2011, as a 2012 model.

ACURA TO UNVEIL

CROSSOVER IN NEW YORK

It's still not totally clear what Acura's new crossover looks like - Honda's luxury division has been releasing only silhouetted images of it for the better part of two weeks - but the crossover concept that will debut next week at the New York auto show at least has a name: the ZDX.

Acura is calling it a luxury four-door sport coupe: that "four-door coupe" moniker was already becoming a nebulous term when Mercedes-Benz and others started using it on their curvy sedans, but now Acura seems to be following BMW with its X6 in taking an even greater leap of logic.

The ZDX's lines clearly show a swoopy crossover-like body and large pointed nose, and it may offer only four seats, like BMW's X5-based X6.

The new crossover will arrive on the market in the fall, and will be shown in near- production "prototype" form in New York, offering "flexible utility to define a new luxury category."

Although Acura is so far keeping all engine and equipment offerings to themselves, given the talk of a new category, it may be more likely that the ZDX is a sportier version of the compact RDX, instead of Acura's larger MDX.

Acura also showed off a new V-6 engine for the formerly four-cylinder-only Acura TSX at the Vancouver auto show. The 3.5-litre V-6 engine will generate 280 hp when it becomes available in the summer, making the TSX V-6 one of the most powerful front-wheel-drive cars on the market.

CITY JETTA, CITY GOLF

NEAR END OF LINE

Volkswagen Canada's City line of previous-generation Jetta and Golf models are set to disappeat; 2009 is the last model year for the City Jetta, and 2010 will be the last year for the City Golf, according to a source familiar with VW Canada's plans.

The City Golf was also planned to be laid to rest this year, but was extended one year. This means that when the new-generation Golf VI arrives in the fall, the City Golf will be two generations behind showroom sibling.

There won't be any such overlap with the City Jetta, since the next-generation Jetta will arrive next summer as a 2011 model, to be built in Mexico. Both gas and diesel versions will continue, as well as sedan and wagon, although the wagon will by then be called the Golf wagon, said the VW source.

FORD STILL PUSHING

FOR AUTO SCRAPPING PLAN

Ford of Canada president David Mondragon has renewed his calls for a generous vehicle scrappage program, arguing that Germany's (EURO)2,500 (approximately $4,186) government incentive to trade in old vehicles has helped benefit both the country's struggling auto makers and its cash-strapped consumers.

Mondragon first proposed the idea last month before a parliamentary committee looking into various ideas to help the Canadian auto industry. Canadian politicians were reportedly not overly enthused about this proposal, but Mondragon pressed his case again this week to Ottawa, which extended financial lifelines to both Chrysler and GM Canada while demanding more concessions from all stakeholders for both.

One person applauding Mondragon's call for consumer incentives of at least $3,500, which would be made available to any Canadian buying a new car while trading in another at least 12 years old, is auto analyst Dennis DesRosiers.

"The primary advantage of scrappage programs is that they get the most environmentally offensive vehicles off the road and helps improve fuel efficiency, although only slightly on this latter point," he wrote in a recent report on the topic, saying that there was nothing stopping a buyer from trading in a (relatively) fuel-efficient car on a gas guzzler.

The Canadian government recently announced a laughably modest auto scrappage program that would provide drivers of old clunkers a $300 voucher towards a new car, a bicycle or bus pass.