American Morning
Talk Back: Should Joe Paterno Resign?
From CNN's Carol Costello:
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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.
Erin Brockovich talks environmental issues, new novel
Erin Brockovich's 1992 legal fight against Pacific Gas & Electric Co., a company that poisoned the water supply in Hinckley, California, was brought to the world's attention through the film that tells her story and shares her name.
Since then, Brockovich has continued to campaign for the environment, and she now owns her own consulting firm. Brockovich has recently written a fictional thrilled about nuclear energy entitled "Hot Water."
Carol Costello sits down with Brockovich on American Morning today to discuss the environmental issues that the world is facing today and to weigh in on how well politicians are tackling the problems.
After guilty verdict, what's next for Conrad Murray? Paul Callan weighs in
After about nine hours of jury deliberation, Dr. Conrad Murray was found guilty of involuntary manslaughter yesterday for the death of Michael Jackson. Murray will now begin his life as an inmate in the section of the Los Angeles County jail where high profile prisoners are kept.
Murray's defense team has vowed to appeal his involuntary manslaughter conviction, but first they must prepare for Murray's sentencing and attempt to limit the amount of time that their client spends in jail.
Today on American Morning, Paul Callan, CNN legal contributor, weighs in on how long Murray may spend behind bars and explains whether or not he will ever be able to practice medicine in the United States again.
The value of a college degree: Is it worth the price? Ali Velshi and Christine Romans look at the numbers
With the job market changing dramatically over the last 50 years, is a college degree worth the price?
Ali Velshi and Christine Romans have authored a new book called "How to Speak Money" and in this video, they explain how the more education you have, the less likely you are to be unemployed.
Sharon Bialek, Cain accuser: Cain's wife must be going through 'own personal turmoil'
Yesterday, Sharon Bialek became the first woman to publicly come forward with allegations that Herman Cain sexually harassed her in 1997. Cain has denied these accusations and criticized Bialek's lawyer, Gloria Allred, who he called a "celebrity lawyer" in a statement issued by his campaign last night.
Bialek and Allred join Carol Costello on American Morning today to discuss the details of the allegations and to explain why Bialek is coming forward after all of these years. When asked why she decided to come forward with her allegations, Bialek says that her thirteen year old son ultimately influenced her decision.
"He said, mom, you need to do the right thing. I think you need to tell on him," Bialek explains. "That confirmed it for me"
Bialek urges Herman Cain to come forward with the details of the story for his wife, who she said must be going "through her own personal turmoil."
AM Minding Your Business for Nov. 8, 2011
Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* As of now, U.S. markets are poised to open higher this morning. They closed higher yesterday after a long day of very volatile trading. Investors remain jittery this morning about the developments in Greece and Italy.
* Italian bonds yields – nearing record highs, close to the dangerous 7% level. Investors rushing away from government bonds, showing concern that Prime Minister Berlusconi will not be able to get the country's debt problems under control.
* We're waiting to hear who will become Greece's next prime minister. An announcement is expected at any time.
* Warren Buffett is back in stocks. A filing shows his company Berkshire Hathaway invested more than $20 billion dollars last quarter. That's the most in at least 15 years. The purchases included Bank of America and chemical company Lubrizol.
* More than 13 million people will get a payment from Bank of America. A federal judge yesterday approved a $410 million settlement in a lawsuit claiming the bank charged customers excessive overdraft fees.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
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