American Morning

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October 12th, 2011
12:05 PM ET

Is Herman Cain calling out critics in the black community, or a political puppet? Two experts on race discuss

2012 GOP presidential candidate Herman Cain has come under fire from the black community after he remarked that he doesn't "believe racism in this country today holds anybody back in a big way."  But Cain says his critics just can't stand to see a black Republican run for the GOP nomination – and challenge an African-American president.

Carol Costello spoke to Ron Christie, Republican strategist and fellow at the Institute of Politics at Harvard University, and Boyce Watkins, a professor at Syracuse University, about whether they agreed with Cain's provocative statement -and whether they feel blacks can embrace the GOP.


Filed under: 2012 • GOP • Race
October 12th, 2011
11:33 AM ET

Cain under fire at GOP debate – CNN contributors on who came out on top

With his poll numbers rising, Herman Cain come under fire from fellow Republicans at the GOP debate last night. 

GOP rivals relentlessly attacked his so-called "9-9-9" tax reform plan, which calls for a 9-percent flat tax on income, a 9-percent corporate tax, and a 9-percent national sales tax. They called the plan inadequate and politically unrealistic. 

But Cain fired back – particularly at Mitt Romney, criticizing the former Massachusetts Governor's 59-point plan as simple and nontransparent.

Christine Romans talks with CNN contributors Hilary Rosen, John Avlon and Will Cain on their take on Herman Cain's moment in the spotlight.


Filed under: 2012 • GOP
October 12th, 2011
10:51 AM ET

"We are the 53 percent" movement emerges as counterweight to Occupy Wall Street protests

The Occupy Wall Street protesters say they're getting a rotten deal. They argue that 99% of Americans are forced to work long hours for little pay so that greedy corporate honchos can take home big paychecks. Recently, a new counter-movement has emerged – the "We are the 53 percent" movement, which started on Tumblr. The site says it represents the 53% of Americans who pay federal income taxes. Unlike the Occupy Wall Street protesters, those in the "53 percent" movement claim they too work hard, pay their taxes – and most importantly, refuse to complain about any of it.

Christine Romans talks this morning with CNN contributor Erick Ericson, editor-in-chief of Redstate.com and the brainchild behind the "We are the 53 percent" blog.  Ericson tells Christine that the protestors shouldn't be occupying Wall Street; they should be occupying K Street and Congress


Filed under: Occupy Wall Street
October 12th, 2011
10:38 AM ET

Global implications for the foiled Iranian terror plot

U.S. agents disrupted an Iranian "murder-for-hire" scheme targeting Saudi Arabia's ambassador to the U.S. on Tuesday.  Attorney General Eric Holder said the alleged plan was directed by elements of the Iranian government, but Iranian President Mahmoud Ahmadinejad is saying this "is a fabrication."   Manssor Arbabsiar, a 56-year-old naturalized U.S. citizen, and Gholam Shakuri, an Iran-based member of Iran's Islamic Revolutionary Guard Corps, are accused of a conspiracy to murder a foreign official, conspiracy to use a weapon of mass destruction and conspiracy to commit an act of terrorism, the FBI said Tuesday.

The Saudi ambassador was not the only intended target, U.S. officials said. The suspects also discussed attacking Israeli and Saudi embassies in Washington and possibly Buenos Aires, Argentina, a senior U.S. official said. It is unclear why the Saudi ambassador was targeted, the official said, or how widespread knowledge or approval of the plot was within Iranian President Mahmoud Ahmadinejad's government.

CNN Natl. Security Contributor Fran Townsend assesses the threat level for Americans working oversees – and here at home.


Filed under: Iran • Terrorism
October 12th, 2011
10:34 AM ET

Former CIA official on the viability of an Iranian terror plot

U.S. agents disrupted an Iranian "murder-for-hire" scheme targeting Saudi Arabia's ambassador to the U.S. on Tuesday. Attorney General Eric Holder said the alleged plan was directed by elements of the Iranian government, but Iranian President Mahmoud Ahmadinejad is saying this "is a fabrication." Manssor Arbabsiar, a 56-year-old naturalized U.S. citizen, and Ali Gholam Shakuri, an Iran-based member of Iran's Islamic Revolutionary Guard Corps, are accused of a conspiracy to murder a foreign official, conspiracy to use a weapon of mass destruction and conspiracy to commit an act of terrorism, the FBI said Tuesday.

The Saudi ambassador was not the only intended target, U.S. officials said. The suspects also discussed attacking Israeli and Saudi embassies in Washington and possibly Buenos Aires, Argentina, a senior U.S. official said. It is unclear why the Saudi ambassador was targeted, the official said, or how widespread knowledge or approval of the plot was within Iranian President Mahmoud Ahmadinejad's government.

This mornign on American Morning, Ali Velshi talks with Chad Sweet, a former CIA official, who explained the significance of this intelligence feat – and why the United States might not be so lucky in the future.


Filed under: Iran • Terrorism
October 12th, 2011
08:36 AM ET

AM Minding Your Business for Oct. 12, 2011

Today on American Morning, Christine Romans reports on the morning business news headlines.

Today we're watching:

* Right now, U.S. stock futures are trading sharply higher ahead of the opening bell. European markets are up too after some stronger than expected manufacturing data.
* Pepsi just reported it missed third quarter earnings expectations, but revenues were up for the quarter.
* We've been hearing rumors for weeks and now someone is saying it. The New York State comp-troller's office predicts that Wall Street will cut 10,000 jobs by the end of next year.
* Hundreds of "Occupy Wall Street" protestors are taking their case right to the doorsteps of prominent Manhattan millionaires. One group visited Rupert Murdoch's Fifth Avenue residence and the Park Avenue homes of oil tycoon David Koch, Emigrant Bank Chairman Howard Milstein, hedge fund manager John Paulson and JP Morgan Chase CEO Jamie Dimon.
* If you've always had that nagging feeling that groceries are more expensive at the drug-store, you could not be more right.
A new study shows that the average drug-store charges a full 50% more than the least expensive supermarket for groceries.
* The Japanese government is trying to boost tourism, which has lagged since the tsunami, by offering 10,000 free flights to the country. You can get one of those if you post about your experiences on your trip, on social media sites like Facebook or a personal blog.

Tune in to American Morning at 6am Eastern every day for the latest in business news.


Filed under: Minding Your Business
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