One of Herman Cain's anonymous accusers is no longer anonymous. Karen Kraushaar says she is the woman cited in Politico's initial reports of sexual misconduct by the Republican presidential candidate. Kraushaar also says she wants to meet with the other alleged victims. Cane denied all allegations against him at a press conference Tuesday.
Ali Velshi speaks with Maria Cardona, a friend and former colleague of Kraushaar, to talk about why her friend never wanted to come forward – and why her she now fears for her life.
Penn State could be in the process of bringing Joe Paterno's historic 45-year coaching career at the school to an end. The University's Board of Trustees plans to investigate allegations of child sexual abuse against a former Paterno assistant – and charges that school officials tried to cover it up. Yet many Pennsylvania locals continue to support the renowned coach. A crowd of fans and students held an impromptu rally outside Paterno's home to stand in solidarity with the hometown legend.
Carol Costello speaks with Sara Ganim, a reporter at The Patriot News, who's been following the local reaction to these shocking sex abuse allegations.
Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* Stocks closed higher yesterday, but stock futures today are trading much lower this morning. Dow futures are down more than 200 points as of this writing. Why? Because of the instability in Europe, where markets are down too.
* There's particular focus on Italy this morning, where bond yields reached 7% this morning – that's the level at which other countries had to seek international bailouts. Investors are seeing a danger zone there.
* In the U.S., more help wanted for a change. Employers posted more jobs in September than at any other time in the past three years. According to the U.S. Labor Department, there were 3-point 4 million job openings.
* We now know 40,000 people shifted their accounts from the big banks to credit unions this past weekend as part of bank transfer day. That's according to the Credit Union National Association.
* The billionaire convicted in the biggest insider trading case involving hedge funds in the U.S. has been fined nearly $93 million by the Securities and Exchange Commission.
* Apple's app store may not be as safe as you think. A notable computer security researcher says he was able to get an app past Apple's screening process and load a program that allowed hackers to gain control of your iPhone. Apple has not responded to the security flaw.
* Get ready to pay more for that pecan pie. Prices for the nut are set to jump 22% because of growing demand in China and a drought that damaged much of the crop in the American south.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
From CNN's Carol Costello:
Let's not mince words: Legendary football coaches are gods. And Penn State head football coach Joe Paterno certainly qualifies as one of them.
Joe Paterno wields an incredible amount of influence at Penn State. University administrators are powerless in the face of his 409 wins and all the money that comes with them. But maybe not now.
According to a Grand Jury report, Paterno was informed back in 2002 that coach Jerry Sandusky was seen having sex in the shower with a young boy. Paterno went on to tell Penn State's Athletic Director – the minimum he was required to do by law.
Paterno cancelled a press conference Tuesday due to the ongoing legal case.
"I know you guys got a lot of good questions and I'd like to answer them," Paterno told CNN Tuesday. "I can't do it now. We're going to have a Friday press conference and we might have another soon."
Paterno is beloved for the 46 years he's dedicated himself to teaching his players about life – as well as about football.
"I think you can have a tremendous impact on a kid," Paterno once said. "You're not teaching him facts. You're teaching him things about character. You're teaching him things about success. You're teaching him things about what it takes to get along with other people."
Paterno is kn known for running a "clean" program. You don't hear about paying players at or falsifying SAT scores at Penn State. But now his reputation might be irrevocably harmed.
"We don't know yet who is legally guilty," writes SI.com columnist Michael Rosenberg. "But several prominent employees at the state university are morally guilty. And one of them is Joe Paterno."
Talk Back: Should Joe Paterno resign?
Let us know what you think. Your answer may be read on this morning's broadcast.