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tv   AM Wake Up Call  CNN  October 21, 2011 2:00am-3:00am PDT

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now that dictator moammar gadhafi is dead, what is next for libya? this hour we'll take you live to libya for a closer look at what's ahead for the transitional government. plus, what is nato's plan, and what about the billions in assets? an update, too, on that jetblue flight attendant that made headlines when he cursed out passengers and then jumped down an evacuation slide. and bank customers outraged
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when they find out their bank statements were mixed up and sent to someone else's house. good morning you to, happy, happy friday, it's october 21. i'm carol costello joining you live from new york. wild jubilation among libyan in their homeland and around the world on the death of moammar gadhafi. gadhafi was captured alive yesterday, pulled from a drainage pope in his hometown in sitter. his final moment -- in sirte. his final moments were bloody. the transitional government said gadhafi was killed in crossfire after his arrest by rebel sources. one senior international correspondent, dan rivers, is in libya with more. we want to report you, though, his report includes some graphic image. >> reporter: this was how it all ended for moammar gadhafi -- cornered and injured. the former dictator was apparently trying to escape sirte. he appears bloody but alive here, but died soon afterwards according to ntc official. his golden gun brandished in
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wild excitement by ntc troops who seized him, a potent symbol of his decadence. the news of his death spread rapidly across the country. disbelief turning into jubilation in tripoli. >> we are very free, and i feel that my birthday is today. really i feel that i'm six hours old. really libya's free without him. >> we are so happy. it's the greatest moment in all my life. and i have my brother who was killed by gadhafi forces on 20th, february. we was so, so, so sad. but now it's a great moment. we are so happy. we are so, so happy. >> reporter: many of the people here have known nothing other than colonel gadhafi's 42-year rule. they cannot believe now that finally he is dead, that sirte has fallen and the war over. just look at the sea of
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floodgates out here in celebration -- the sea of flags out here in celebration. >> wow. >> reporter: u.s. secretary of state hillary clinton learned of her news from her blackberry as she prepared for an interview. >> unconfirmed reports it gadhafi being captured. >> reporter: soon, the white house confirming the momentous news. it didn't take long for the u.s. president to react himself. >> today we can definitively say that the gadhafi regime has come to an end. the last major regime strongholds have fallen. the new government is consolidating the control over the country. and one of the world's longest serving dictators is no more. >> reporter: the arab spring came here on february 17 when a rebellion against copied's ir - again gadhafi's iron rule spread. now the winds of change that are blowing strong across the arab world have claimed yet another victim, and libya is finally free of the man who so brutalized this country.
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dan rivers, cnn, tripoli. what libya faces now, transforming a revolution into a democratic government. that could prove to be as difficult as ousting gadhafi if not more so. it involves bringing together the various transcribes, militias, and factions who have been at odds with each other for years. differences could easily erupt into new violence. joining us with more on this is ivan watson. ivan, what are the most immediate, pressing problems facing the transitional government now? >> reporter: well, here's one example. in tripoli, a lot of people are without running water. some of the basic services that they had grown accustomed to during gadhafi's rule have been interrupted during this period of upheaval. i just came from, you know, a coffee shop talking to libyans who were all saying "freedom, freedom." it's great that gadhafi's dead. that big question now after the night of the euphoria, after the night of gunfire -- we rolled in
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down the tunisian road with spent bullet casings of people shooting in celebration all night. now the question is how do we build this country and government next. we asked libyans who is.now, what comes next -- what's important now, what comes next, that's where it's hazy. they're happy their decades have been killed. for the first time in four decades, libyans waking up to a libya without gadhafi. the question of what comes next, that remains to be answered here, carol. >> well, we've all -- you can just take a look egypt to see how difficult it is to build a brand new government. so how does it work? will they come up with a new constitution? i mean, what's the timetable for holding elections, for example? >> reporter: well, you know, it's interesting that just next door to the west in tunisia, the first north african country, arab country to have one of these revolutions, they're about to have an election on sunday,
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the first election of the arab spring. and perhaps libyans will look to that example to see perhaps a model for themselves. the tunisians are going to write a new constitution, determine the structure of the new government. those are questions for libya because its system of government was this strange creation by gadhafi that was supposed to be direct democracy, a system which a lot of people scratched their heads trying to understand. he claimed that there was direct government by the citizens, though he in fact was the dictator that ruled the place. so libyans have to figure out are they going to have a parliament, are they going to have a president, a prime minister. pig questio big questions in the days, weeks, and months ahead. >> thank you very much. the international community is calling gadhafi's death a victory for the libyan people, but congratulations are being tempered by words of caution
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over what lies ahead for a country ravaged by months of war. in britain, libyans took to the streets, waving flags in fits of joy. the prime minister urged the world to remember the victims of the gadhafi dictatorship. in washington, scores of lifbians took to the streets dancing and singing. president obama pledged u.s. support saying the libyan people with the help of nato air power lifted the dark shadow of tyranny. in an interview with candy crowley, joe biden said what happened in libya could be a template of what to use in future international conflict. >> this is one bad guy, one tough guy. he for 40 years had folks under his thumb. he's dead, and it's going to give the people of libya the first chance in four decades to actually put together their own government, have a little bit of freedom. little bit of opportunity. >> reporter: you mentioned in a previous stop about the
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template, bringing in international -- an international coalition and how this works so beautifully. >> it's a template in the following sense -- that when in fact there is a cause that the arab world can unite on and the west wants their help, and we don't -- we don't have to do it ourselves is the point. it is that the nato alliance worked like it was designed to do -- burden sharing. total cost to us, $2 billion, no american lives lost. we carry the burden where another nato is, primary burden is afghanistan. this is real burden sharing. that's the model. >> you can see all of candy's exclusive interview with the vice president on "future wi-- "state of the union with candy crowley." in addition to gadhafi's death, one of his feared sons was also killed.
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the pictures you're about to see of his body are quite graphic. officials say that he was killed yesterday in sirte along with gadhafi's chief of intelligence. he was gadhafi's fifth son and the former national security adviser. it is unclear if another of gadhafi's sons, saif al islam, has been captured. we have much more over the next hour. in about ten minutes, a look at how gadhafi's death could impact president obama and the gop candidates as they try to win the white house. at 5:30 eastern, find out how much money gadhafi was worth and learn what could happen to his money. and at 5:45 eastern, we'll go back to libya for another live report. he swiped a few beers, deployed the evacuation slide, and slid right out of the plane. now the legal troubles for a former jetblue flight attendant appear to be nearing an end. we'll update you next. first, our quote of the day -- quote, "you have to be pretty confident to run for the top
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office in this country, and one candidate apparently likes his chances at winning the white house saying, quote, there's a good shot i might become the next president of the united states. it's not a sure thing, but it's a good shot." i just signed the whole family up for unlimited mobile to mobile minutes. you're kidding. no. where's that money coming from, steve? did it even cross your mind to ask your wife before signing us up for something so expensive? my mother was right; i should have married john clarke. they were free. i got them when i signed us up for unlimited messaging. [ male announcer ] get more value from at&t. buy an unlimited messaging plan, and call any u.s. mobile phone free. at&t. consumers er wanchai ferry orange chicken... over p.f. chang's home menu orange chicken women men and uh pandas... elbows mmm [ male announcer ] wanchai ferry, try it yourself.
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with two children and no way to support them. people told me i wasn't going to do anything. and i just decided i have more to offer than that. i put myself through nursing school, and then i decided to go get a doctorate degree. university of phoenix gave me the knowledge to make a difference in people's lives. my name is dr. kimberly horton. i manage a network of over a thousand nurses, and i am a phoenix. [ male announcer ] find your program at phoenix.edu. it is 11 minutes past the hour. this is your "a.m. wakeup call." back to our quote of the day, "there's a good shot i might
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become the next president of the united states. it's not a sure thing, but it's a good shot." who said that? it was republican candidate mitt romney. he was speaking at an economic roundtable of business leaders in iowa yesterday when he told people he liked his chances of winning the white house. secretary of state hillary clinton is in pakistan this morning, delivering more straight talk to the pakistani government saying that it's time for that country to act against the haqqani terror network. secretary clinton delivered a similar message when she met with afghanistan president hamid karzai. she says the united states and nato troops will take the fight to the haqqani terrorist network on both sides of the afghan/pakistan border. clinton says it's time to engage the taliban in talks to stop fighting. on capitol hill, the senate has rejected an attempt to pass a slimmed down version of president obama's jobs bill. the measure fell short of the 60 votes needed to bring the proposal to the floor. it would have provided $35 million to states and cities to
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help hire for teachers and pay the salaries of first responders. president obama issued this statement, "for the second time in two weeks, every single republican in the united states senate has chosen to obstruct a bill that would create jobs and get our economy going again." the president went on to say this, too, "that's unacceptable. we must do what's right and pass the common sense proposals in the american jobs act." an update on that jetblue flight attendant who made national headlines when he got on the plane's loud speaker and cursed at passengers, grabbed a beer, and jumped out of the plane by sliding down the evacuation slide at jfk airport. his name is steven slater. well, he's been sentenced to a year of probation after completing a mental health treatment program. it was part of a plea deal he cut. slater must also pay jetblue $10,000 in restitution. let's head to atlanta now and check in with reynolds wolf. is it still cold in the midwest? it's chilly here. >> it is, it is, indeed.
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absolutely. especially in the appalachians and deep south. we have temperatures a bit below normal at this time. we have potential delays. let's show what we have on the maps. as we do, you'll see a lot of places on the east coast and west coast where you might view backups. new york city, cleveland, boston, the wind and the low clouds may keep you with some delays, about an hour, maybe less in spots. and then to the west coast, low clouds in san francisco and los angeles. expect delays under an hour. the marine layer may be especially thick near l.a.x. i would expect as soon as we get to noontime or so, things will warm up, a lot of the marine layer will subside. something else will be locked in place, the cold temperatures. the freeze threat through places like cincinnati, chicago, st. louis by -- and atlanta, mississippi. memphis, 41. 53 in billings. 56 in san francisco.
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52 in new york. 67 in miami. rebounding nicely for much of the northeast. boston going to 63. new york in with 5 8. 81 in dallas. 73 in san francisco. san francisco also plenty of sun later into the afternoon. nice and warm for you in texas. the cool weather continues to make its way through parts of the southeast. and hook for scattered showers in the pacific northwest. tonight you have the great opportunity to see wonderful meteor shower. the best places, if you look at the cloud cover -- looks like cloud cover's going to be light in parts of the southeast, across some of the midwest, and across the southern plains. the o'ryan hits the tail end of hally's comet. tiny particles pass through the atmosphere and we can see wonderful meteor showers. some of the tiny particles that move through the atmosphere create falling stars about the size of a grain of sand. good stuff. >> wow. we really won't know what they
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are exactly. >> tiny stuff. just tiny stuff. >> tiny stuff. reynolds wolf, thank you very much. >> you bet. first osama, now gadhafi. will the death of these two men help bolster president obama's re-election bid? we will talk about it in our political ticker. that comes your way next. 16 minutes past the hour. [ female announcer ] once you taste new fiber one 80 calories... ...with its sweet honey taste, 40% daily value of fiber... ...and 80 calories per serving... ...you may want to tell a few friends.
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♪ or all of them. ♪ i'll go get my bowl. [ female announcer ] new fiber one 80 calories. yes, you can actually love breakfast. ♪ 17 minutes past the hour. time for your political ticker
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with tim farley, host of "morning briefing," on sirius podus live in washington. good morning. let's talk politics in the death of gadhafi because we must, just wondering -- actually, i know, how are those republican presidential candidates responding to gadhafi's death? are they giving the president any credit at all? >> well, of course not. the part of the reason is because right now they have to worry about getting elected among the republican base. that means not siding with the president. as often as possible, distancing yourself. i don't think they were being overly critical of the president. mitt romney of dismissdismissiv. as he was walking out of a town hall, he told reporters, yeah, it was fine. he also said on a radio station while doing an interview that it was about time. the other top candidates, herman cain and rick perry, expressing concerns about the missiles, whatever stockpiles of weapons were left and who they would wind up being in the hands of. this is not a time to be overly
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critical of the president. it's not a time for them because they are looking for that primary voter to show up. they're not going to been bracing of the president. it's not quite the same, moammar gadhafi, as it was with osama bin laden. i would say that they probably would have done themselves a favor to remember the victims of the lockerbie bombing because it would have seemed more putting their arms around some of the victims in this country. that said, this is the way it played out, and so we will move along now. >> i'm not sure anything involving foreign policy is going to matter in 2012. what do you think? will these deaths, osama bin laden and moammar gadhafi, will any of these deaths help president obama in 2012, or will people really just be concerned about the economy? >> well, that's the $64,000 question. maybe $1 billion spent on the next presidential campaign. you hit the nail on the head. the president has become after winning the nobel peace prize in november, 2009, in some sense
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the killer-in-chief. you've got osama bin laden, it was not directly involved with the death of anwaral awlaki but this was a drone involved. the united states was responsible for getting three thugs. that said, how do you turn that to a victory? in 1991 when george h.w. bush was president, he had a victory hailed worldwide, that was the vickery in iraq. that did not turn into a victory in the polls. people are fickle and are more concern good what's happening in the back yard and what specifically is happening with their wallets. i think that is going to be a part of it. the other is how do you turn this into a victory when in your base you're not closing guantanamo, you're maintaining the same judicial review that the bush administration had and things that made george w. bush repugnant to the left, this president hasn't changed that
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much. it's unclear how this turn into a campaign promise. still a good day in that moammar gadhafi is gone. what comes next is the big question mark. >> you're right about that. tim farley, host of "morning briefing," thank you very much. what's going on with the defense in the murder trial of michael jackson's doctor? details on that coming up. first, today is national mammography day. it always falls on the third friday of october and was first proclaimed by president clinton in 1993, on this day or throughout the month, women are encouraged to make a mammography appointment. it's 21 minutes past. your new progresso rich & hearty steak burger soup. [ dad ] i love this new soup. it's his two favorite things in one... burgers and soup. did you hear him honey? burgers and soup. love you. they're cute. [ male announcer ] progresso. you gotta taste this soup. [ woman ] welcome to learning spanish in the car. you've got to be kidding me. yeah, this is good. vamanos. vamanos. vamanos.
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23 minutes past the hour. the prosecution could rest its case today against dr. conrad murray. a key witness will be back on the stand for the defense to cross examine him. one of the defense team's most knowledgeable lawyers when it comes to propofol will be sitting this one out. cnn's ted rowlands has more. >> reporter: when court resumes, dr. sheechb shafer will be on the stand. the cross-examination phase. the defense has their own expert. he was such a solid witness for the prosecution and will be hard to attack. what he did effectively for the prosecution was lay out the scenarios of what could have happened to michael jackson to cause his death. and specifically, he told the jury there was only one plausible scenario, and that was
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that dr. conrad murray used an i.v. drip on michael jackson and then left the room. >> michael jackson died while the infusion was running. >> so the propofol was going into his body even as his heart was stopping? >> that's correct. >> reporter: for the first time we saw emotion out of conrad murray. he became very upset as did his lawyers while david walgren, the district attorney, was doing a demonstration with dr. shafer. >> is this -- >> reporter: walgren unpeeled a sealed handle, a plastic handle on top of a very important piece of evidence. the bottle of propofol that the state alleges was used to deliver the fatal dose to michael jackson. walgren unsealed it -- a previously sealed plastic little handle and put it up on an i.v. stand. immediately the defense and murray became very upset. they told the jury to leave. eventually the jury did come back in, and it was explained through a stipulation what had
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happened during that. for the first time, we saw some real emotion from murray who normally is very stoic as he sits at the defense table. what we expect now is for the defense to start their case at some point after court resume in the morning here. they'll start with shafer on cross-examination, that shouldn't take too long. but we do expect the state to -- the defense to start its case at some point after court resumes. ted rowlands, cnn, los angeles. moammar gadhafi is gone, but his billions remain. and libya's new government, its wants that money. how difficult will it be to get their hands on the cash? and a bank mails monthly statements to the wrong homes. thousands affected. ahead, what the bank is doing to correct that mistake. it's 26 minutes past the hour. ch expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal.
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good morning. happy friday to you. it is october 21. this is your "a.m. wakeup call," i'm carol costello joining us live from new york this morning. it is 30 minutes past the hour. the libyan people are beginning their first full day of life without moammar gadhafi in more than four decades. the death of the former libyan leader has prompted celebrations from benghazi to tripoli with people pouring into the streets. >> we are very free, and i feel that my birthday is today. really i feel that i'm six hours old. really. libya's free without him. >> we are so happy. it's a great -- the greatest moment in all my life. >> colonel gadhafi was captured while hiding in a sewage drain in his hometown of sirte. we're told a vehicle transporting him was hit by
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crossfire. he died soon after that. the transitional government will formally announce the country's liberation on saturday. from the streets of libya to the streets of the world. first outside the libyan embassy in london. waving flags and shouting cheers of joy. and in the united states, here's what white house staffers could see out of their window -- singing, dancing. people banging on drums. a celebration of hope about a new era in libya. in an exclusive conversation with vice president joe biden, cnn political correspondent, candy crowley, got his reaction to the news of gadhafi's death. >> this is one bad guy. one really tough guy. he for 40 years had folks under his thumb. and he's dead, and -- going to give the people of libya their first chance in four decade to actually put together their own government. have a little freedom, little bit of opportunity. >> reporter: you mentioned in a previous stop about the template
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of bringing in international -- an international coalition and how it worked so beautifully. >> it's a template in the following sense -- that when in fact there is a cause that the arab world can unite on and the west wants their help, and we don't have -- we don't have to do it ourselves is the point. it is that the nato alliance worked like it was designed to do. burden sharing. total cost to us is $2 billion. no american lives lost. we carry the burden a lot of other places where nato is, primary burden like in afghanistan. so this was real burden sharing. that's -- that's the model. >> you can see candy's entire exclusive interview with vice president biden on cnn's "state of the union." that airs sunday at 9:00 a.m. eastern. with gadhafi out of the picture, those looking to rebuild the government and the country turned their attention to the former leader's money. we have more live from london.
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gadhafi had a lot of money, and when i say a lot, i -- i'm talking billions of dollars, right? >> yeah, exactly. the wealth of moammar gadhafi was literally staggering. it's reportedly believed that he had up to $160 billion worth of both state and personal assets. now there was a leaked document to global witness that i'm holding that reveals some of the information from one portfolio. the amount in that portfolio was about $64 billion, $65 billion worth. that was back, though, in september of 2010. so the numbers may have changed. let me give you an idea of what was in just this one portfolio. take a look at cash and deposit. he had sitting in cash about $20 billion worth of money. just -- just sitting there literally. when you look at what was held throughout the world, this are many different stock and equity portfolios that he had. take a look at what was going on in italy. in unicredit, he had a billion-dollar stake, and in
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eni, a $900 million stake. not always does a company know who its investors are. when it's this number you know that moammar gadhafi has a significant stake in your company. so what does that mean for countries like that? it's a question that's one to pose. in germany he owned a significant amount, germany. in the united kingdom he owned pearson plc, publisher of "financial times," and that's about 3% or $400 million worth. in the united states he had companies that he had shares in. general election being a significant one, $250 million worth. when it comes to some of the banks that he was doing business with, he had significant holdings with hsbc and goldman sachs. also in his bond portfolio, take a look at what was held. in italy, $50 million worth in just one investment. $20 million worth in spain. at lloyds in the u.k., $32 million worth.
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at bank of america, $20 million worth. what's interesting to find out about this, many of these assets were frozenent january and placed -- frozen in january and placed under u.n. sanctions. some sanctions are being lifted, but they have to be proven that they're for humanitarian reasons, such as for the people of libya. that's a very slow process. that's happening for the state assets. when can-- when it comes to personal assets, those are difficult to uncover. the libyan government will have to prove to courts in various countries, whether it's the united states, u.k., italy, that those things were acquired under criminal intent. and that's going to be very difficult to prove. it could take years. carol? >> my goodness -- the amounts -- it's staggering, that's all i have to say. thank you very much. we appreciate it. leaders around the world are speaking out about the capture and killing of gadhafi. not all of them are happy about it. so what are they saying? that's just ahead. it's 35 minutes past. yummy. [ woman ] lower cholesterol.
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the death of moammar gadhafi clears the way for libyans to choose their own government for the first time in recent memory. so let's head around the world with zain verjee live in london. i know leaders around the globe have been making statements about the capture and killing of gadhafi. what are they saying? >> the statements can't come fast enough. they are saying that his death really marks an end to tyranny and violence in libya, as well as threats around the world. let's listen to what the british prime minister, david cameron, says. >> prime minister jabril has confirmed that colonel gadhafi is dead. i think today is a day to remember all of colonel gadhafi's victims. from those who died in connection with the pan am flight over lockerbie to yvonne fletcher in a london street and, obviously, all the victims of ira terrorism who died through their use of libyan semtex.
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we must remember the many libyans who died at the hands of this brutal dictator and his regime. >> the french president, nicolas sarkozy, made this statement, he says, "sirte must mark the beginning of a process approved by the ntc in libya to establish a democratic system in which all parts of the country will have that place, and where the fundamental freedoms will be guaranteed. a new era has begun for the libyan people, one of reconciliation and unity and freedoms." then hugo chavez, the leader of venezuela and a buddy and good friend of moammar gadhafi takes a slightly different tone here, carol. basically he's saying that moammar gadhafi will be remembered as a great fighter, a great revolutionary and a martyr. he's the only one saying that kind of stuff. carol? >> i was going to say, i -- i was going to ask you that because it's so outside the
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norm. but it is hugo chavez. let's talk about thailand because the flooding there is still -- they're in such dire straights. tell us what the prime minister is urging residents to do. >> they're basically saying move to higher ground. take your stuff, yourselves and get as high as you can. they're saying they don't want to declare a state of emergency. look at these pictures. this is the worst kind of flooding bangkok has seen in something like 50 years. also the army is out this, and they're going to people's houses by boat to try and help evacuate them really. the situation is pretty dire. what the government is planning to do is that they kind of want to open up dams and hope that they can get some of the waters to come out and just go to sea. initially they were reluctant to do that, but now that's their latest plan. but this is a really awful situation thailand's experiencing. about 320 people have been killed. nine million affected.
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>> wow. zain verjee live in london. thank you very much. customers at a couple of states are outraged this morning after learning their bank statements ended up in the wrong hands. so what's the bank doing about it? first, your "get smart" question of the morning. the irs released figures showing how much you have to earn to be in the top 1% of american taxpayers. is it a, about $345,000, b, $750,000, or c, $1.5 million? we'll have your answer in two minutes. it's 40 minutes past the hour. a. over p.f. chang's home menu orange chicken women men and uh pandas... elbows mmm [ male announcer ] wanchai ferry, try it yourself. ♪
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aflac! pays cash so we don't have to fret. [ together ] ♪ something families should get ♪ ♪ like a safety net ♪ even helps pay deductibles, so cover your back, get... ♪ a-a-a-a-a-a-a-aflac! [ male announcer ] help protect your family at aflac.com. [ beatboxing ] it is 42 minutes after the hour. this is your "a.m. wakeup call." now answer your "get smart" question of the day. the irs released new figures showing how much you have to earn to be in the top 1% of american taxpayers. is it a, about $345,000, b, $750,000, or c, $1.5 billion?
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the answer is a, about $345,000 a year. that is the latest information just released by the irs from 2009 statements. it put that into perspective, in 1986 you had to make about $233,000 to be in the top 1%. what a scare for thousands of wells fargo customers. many learning that their bank statements were sent to the wrong customers. for more morning money news, christine romans has more from new york. how could this happen? >> it looks like it was a computer error, a printer error. wells fargo won't tell us approximately how many people were affected. frankly, because of affiliate coverage and because of complaining customers, we know that south carolina and florida is where many of these accounts were. it could be up to 4,000 different accounts. imagine opening your mail, opening up your statement and it's someone else's account number. someone else's activity, someone else's information right there in front of you.
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wells fargo says they think the chances of someone running away with your information or doing something with it are very low. just to be sure, they'll give these customers one year of free identity theft protection. there you go. >> that's great. >> they lost control of the information no question. i know. >> we don't know how many statements went to the wrong customers? like hundreds, thousands -- >> it could be up to 4,000. the affiliates of some of cnn's affiliates are reporting based on what they're hearing from customers, it could be up to 4,000. wells fargo will not confirm how many. they say it's a low probability that something bad will happen with your information. i guess you're trusting that whoever is the person who get your statement doesn't do anything nefarious with it. >> let's hope everyone's honest, huh? switching gears a little bit. let's talk about lawmakers because they're proposing this controversial plan to help the struggling real estate market. so tell us about it.
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>> it's pretty interesting. this would complement an existing visa program that allows foreign investors if they have a half a million dollars to invest, they could get a visa if they invest in this country, buy a company, build a company, and hire people. this particular program, bipartisan, bipartisan proposal, that if a foreign investor wants to come in with half a million and invest in real estate, that they could get residence visa. the idea is to boost the housing market to sop up demand. the first option, $500,000 cash on one home. so i mean, it's not going to help the little foreclosure markets in towns, but it would help the top end for sure. second option is you buy a $250,000 property, again for cash, and then you invest the rest in real estate to rent out. so that's where you could start to mop up some of these properties that haven't been sold. you know, canadians and chinese have already been doing this. we've seen, i think, $82 billion of foreign purchases of american real estate over the past year or so. and that's up pretty significantly because canadians
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and chinese seem to be doing a lot of purchases -- specifically in south florida and other parts of the country where you've got really depressed real estate. this would give a visa, a residence visa in return. i was telling people, bring your cash, bring lots of cash, and we'll let you live here legally. >> interesting. christine romans, see you on "american morning" in about 15 minutes. >> you got it. this morning the news of moammar gadhafi's death spreads to every corner of the world. we're going to where it all began. we'll have a live report from sirte, libya, next. ♪ [ gunfire ] i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's new glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have 6 grams of sugars. with 15 grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] new glucerna hunger smart. a smart way to help manage hunger and diabetes.
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good morning, happy friday to you. it is october 21. had is your "a.m. wakeup call," i'm carol costello joining us live from new york this morning. it is 48 minutes past the hour. news spread quickly around the world that moammar gadhafi had been killed. his rule finally over. that news began in the former libyan leader's hometown of sirte. that's where we find ben farmer this morning, joining us live. what's it like in sirte now? >> reporter: it's much quieter than it was yesterday. there's far fewer rebels, but the ones that are here are driving around almost leisurely. driving through the ruins of the center of sirte. they're looking through the buildings, they're curious, they're sightseeing. but there's a lot less firing in the air, and a lot of the rebels have actually gone home. >> can you still hear me, ben?
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i think -- >> reporter: yes, i can. >> good. i was afraid there for a second. so the rebels have gone home. so what will be next for the people of sirte? i mean, i know that the national transitional council is trying to put together a government, but that's something that will not happen quickly. >> reporter: i'm sorry, can you repeat the question. >> sure. i just wondered, you know, moammar gadhafi's dead. the people of sirte have gone home, they're sleeping now. what will tomorrow bring? there's no government in place in essence. >> reporter: no. and that's the real priority for libya's new interim rulers is after months of waiting for this city to -- [ gunfire ] [ inaudible ] >> reporter: the final resistance to leave, they have to get a government in place. they've said that they will official declare the country liberated tomorrow. that's when they will start picking a new government, and
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they will then put a timetable to free elections in place. those elections should take place in about 18 months. >> i'm not sure if it's gunfire we're hearing live or it's on tape. is it -- you say it's quiet there, right? >> reporter: no, it is -- it's celebration and fired close to me. >> i wanted to get that cleared up. there are still questions about how moammar gadhafi was killed. some say here in the united states it appears he was executed. what are people in sirte saying, and do they really care? >> reporter: no, there was very little sympathy for colonel gadhafi. it's still not clear what happened. but when i asked rebel whether they cared if he was executed, they don't. they're just glad that it's over. i think many of them boast that they would have liked to kill him themselves. we still don't know exactly what happened. all we know is that he was alive when he was captured.
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he was driven through the city of misrata, and he never made it to misrata alive. >> ben farmer reporting live for us this morning from sirte, libya. so you can see it's not completely quiet there. there's still gunfire going off. you know, gunshots in celebration. but for the most part, the city of sirte quiet this morning. secretary of state hillary clinton is in pakistan this morning. she's delivering more straight talk to the pakistani government saying that it's time for that country to act against the haqqani terror network. secretary clinton delivered a similar message when she met with the afghanistan president, hamid karzai. she says the u.s. and nato troops will take the fight to the haqqani terrorist network on both sides of the afghan-pakistan border. clinton also itself's time to engage the taliban -- also says it's time to engage the taliban in talks to stop the fighting. on capitol hill, the senate has rejected an attempt to pass a slimmed down version of president obama's jobs bill. the measure fell short of the 60
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votes needed to bring the proposal to the floor. it would have provided $35 million to states and cities to help hire more teachers and pay the salaries of first responders. president obama issued this statement, "for the second time in two weeks, every single republican in the united states senate has chosen to obstruct a bill that would create jobs and get our economy going again." the president went to say, "that's unacceptable. we must do what's right for the country and pass the common sense proposals in the american jobs act." remember the jetblue flight attendant who swiped a few beers, deployed the evacuation slide, and slid out of the plane at jfk airport? his name's steven slater. he's been sentenced to a year of probation after completing a mental health treatment program. it was part of a plea deal he cut. slater must also pay jetblue $10,000 in restitution. the irs wants to motivate people to contribute more money to their 401(k). details in a live report from the nasdaq market site.
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first, let's take a look at the phrase of the day, it's "arc-t "arc-ticos-cill-a-tion." ♪ ♪ ♪ ♪ ♪ [ male announcer ] the peace of mind of owning a 2011 iihs top safety pick. the all-new volkswagen passat. the progresso chicken noodle you made is so good. it's got tender white meat chicken. the way i always made it for you. one more thing.... those pj's you like, i bought you five new pairs. love you. did you see the hockey game last night? [ male announcer ] progresso. you gotta taste this soup. fore!
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it is three minutes to the top of the hour. this is your "a.m. wakeup call." today's phrase of the day, arctic oscillation. represents the state of atmospheric circulation over the arctic. it's in the news because it will have a big impact on weather this winter. experts say it can generate strong shifts in climate depending on whether it's in a positive or negative phase. now you know.
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the next time you fly, you might be bombarded by ads all over the plane, not just the inside of the plane but the outside of the plane, as well. think it's too much? so does comedian steven colbert. here's your "punch line." >> spirit is selling ad space on overhead bins, tray tables, and air sickness bags. that is genius. now when passengers vomit, they'll be reminded of cinnabon twice. why stop there? why not replace the pilot and co-pilot with captain morgan and co-captain crunch. and why limit the nonstop ad-slaught to planes? isn't it time the tsa agents use the hamburger helper hand to conduct cavity searches? relax, it's only three fingers. and he's so happy about it. >> i love that. now let's go to the nasdaq market site and check in with
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carter evans. good morning. have you ever flown on spirit airlines before? >> no. >> okay. if you're over six feet, like i am, suffice to say you need to buy the seats with the extra leg room. trust me on that, okay? >> wow. okay. as far as economic reports go, we don't have any that are coming up. nothing really to move the markets. we're looking to earnings. we'll hear from g.e., mcdonald's, and verizon before the bell. futures are looking okay. dow futures on the cnn money.com premarket page up 22 points. nasdaq up 3.75. s&p 500 up 1.5. >> okay. i'll take that. what's making headlines on cnn money this morning? >> you can put more money away for retirement tax free. or at least pretax. check this out. this is on the cnn money.com main page. the irs is raising the 401(k) contribution limit to $17,000. it's been at $16,500 since 2009. the reason it's going up now -- inflation.

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