The NewsHour With Jim Lehrer : WETA : November 27, 2009 7:00pm-8:00pm EST; The NewsHour With Jim Lehrer

Captioning sponsored MacNEIL/LEHRERRODUCTIONS

>> Woodruff: GOOD EVENI. I'M JUDY WOODFF. ON THE NEWSUR THIS FRIDAY, E LEAD STORY IS THE STOCK MARKET RATTLED BYEARS OF A DEBT ISIS IN DUBAI. WE HA A REPORT FROM DEPENDENT TELEVISION NEWS D MARGARET WARNER LKS AT THE GLOBAIMPLICATIONS. THEN AFTETHE OTHER NEWS OF THE DAY A BLACK FRIDAY UATE FROM KWAMEOLMAN AS THE HOLIDAY SHOPPING SEASON RE UP.

>> WE WILLE SHOPPING. THE QUESTION ISO WHAT EXTENT WILL WE SHOP AND WHERE WILL WE SHOP.

>> Woodruff: ANOTHER LOOAT RAY SUAREZ'S SRY ABOUT PROFESSIAL FOOTBALL PLAYERS NOW SUFFERING FROM DEMENTI ANALYSIS FROM MA SHIELDS AND DAVIBROOKS AND AN ENCORE OF A MUSICAL ANNIVERSARY. JEFFREY BROWN VISITS USTIN CITY LIMI". MAJORUNDING FOR THE NEWSHOUR WITH JIM LEHR IS PROVIDED BY: NSANTO. PRODUCINMORE. CONSERVINMORE. IMPROVINFARMERS' LIVES. THAT'S SUSTAINABLE AGRICULRE. MORE AT producemoronservemore.com. >>HEVRON. THIS IS E POWER OF HUMAN ERGY. AND BY WELLS FARGO ADVISORS TOGETHER, WE'LLO FAR.

>> AND BYNSF RAILWAY. THE NATIONASCIENCE FOUNDATION. SUPPORTING EDUCATION AND RESEARCH ACROSS ALFIELDS OF SCIEN AND ENGINEERING. AND WITH THE ONGOING SPORT OF THESE ITITUTIONS AND FONDATIONS. AND... THIS PROGRAM WAS MADE POIBLE BY THE CORPOTION FOR PUBLIC BADCASTING. AND BY CONTRUTIONS TO YOUR PBS STATION FROM VIEWERS LIKE YO THANK YOU.

>> Woodruff: WORLD MARKETWERE THROWN INTO RMOIL TODAY, ON WS OF FINANCIAL TROUBLE IN T PERSIAN GULCITY-STATE OF DAI. DUBAI ANNOUNC IT PLANNED TO PUT OFF REPANG ALMOST $60 BLION DOLLARS IN DEBT OWED TO INTERNATIONAL BAS. THAT LED TO BIG SSES IN ASIA, WOIES IN EUROPE AND A ROUGH DAY FOR STOCKS ON WL STREET. THE MARKETS OSED EARLY FOR THE HOLIDAY WEEKEND, A THE DOW NES INDUSTRIAL AVERAGE LOST 154 POINTS TO CLOSEBOVE 10309. THE NASDAQ FELL 37 POTS TO CLOSE AT 38. WE BEGIN OUR COVERAGE WI A REPORT FROMAISAL ISLAM OF INDEPENDENT TELISON NEWS.

>> Reporter: FOA SECOND D, THE CLAPSE OF DUBAI'S PROPERTY BOOM HAS BEEN UPSETTING MAETS WORLDWIDE. ACROSS ASIA, SHARE PRICES TUMBLED. GOLD ANDIL DIPPED AS TRADERS ASKED: WHICH BANKS MIGHT B EXPOSED? BRITISH BANKS VE MADE SIGNIFICANT LOANS TOHE UNITED RAB EMIRATES OF WHICH BAI IS A PART. THE ANNOUNCEMENTN WEDNESDAY THAT A STATE-OWNEDROPERTY COMPANYISHED TO DELAY THE REPAYMENT OF BILLIONS OF DOARS OF DEBT HAD RAISED FRS OF A NEW LEGTO THE FINANCIAL CRISIS. THE PRIME MINISTER, VITING THE COMMONALTH SUMMIT IN T CARIBBEAN TRIED ALLAY FEARS TODA

>> THE MECHANISMS AT WE'VE GOT IN ACE CAN MONITOR WT'S HAPPENING, CAN BE SUREHAT THIS IS SOMETHING THAT IS BOTH CONTANABLE AND IS LOCALIZED.

>> Reporter:HE CRISIS APPEARS TO HAVE ARISEN BECAUSE ABU ABI IS PLAYING RDBALL OVER BAILING OUT DUBAI'S COMPANIES, HANG BAILED OUT THEUBAI GOVERNMENT NANCES. DUBAI'S LAVISH PROPERTY BO INCLUDED CRTING TREE AND WORLD-SHAPED ARTIFIAL ISLANDS OPULARIZED BY CHEAP DEALS F FAMOUS FOOALLERS, LUDICROUS 7- STAR HOTEL AND ASSORTED EPHEMERA SUCH AS ANNDERWATER HOTEL AND SNOWDOME IN THE ESERT.

>> TONIGHT WE WITNE THE BIRTH OF ANICON.

>> Reporter: MANLENDERS FELT THEYOULD NOT LOSE, DESPITE THE OBVIOUS COMMERCIAL RKS, BECAUSE DUBAIS ALLIED TO ABU HABI, THE OIL RICH EMIRATE TT HAS THE BIGGESPIGGY BANK IN T WORLD. IF THE LENDS HAD READ THE SMALLPRINT, THEY'D READ THAT DUBAI ITSELF NEVEPROMISED TO BAK LOANS MADE EVEN TO THE STATE-OWNED PROPERTY CPANIES. SPECIALIST WATCHE OF CREDIT SK SAY THERE IS A PROBLEM, B IT'S NOT YET PRONG CONTAGIOUS.

>> IT IS PRETTY MH LOCAZED TO DUBAI, THERE S AN INITIAL PANIC T THE MARKETS CALMED DOWN AND A TAKING COMFORT FROM THE S. MARKET WHICH IS ACTUAL PRETTY STABLE TODAY

>> THE REAL SUE IS WHETHER DUBAI SPARKS ADECISIVE TURNAROUND. THE U.S. DONES WASDOWN AT 6.5,000 IN MARC SINCE THEN, ITS RAD AWAY HITTING 100 BY WEDNESDAY, AN INCREDIBLE RISE OF 60%.

>> Woodff: FOR E WEEK THE DOW LOST ONE-TENTH OF A PERCENT. THE NASDAQ FELL FOUTENTHS OF A PERNT. MARGARET WARR HAS MORE ON ALL THIS.

>> WarnerAND FOR A CLOSER LOOK AT THE DUBAI STORY, S IMPLICATIONS A THE CONNECTION ITH THE FINANCIAL CRISIS, WEE JOINED BY AN EERT WE'VE OFTEN RNED TO ON THESE MATTERS. SIMON JOHNSON IPROFESSOR AT THE OAN SCHOOL OF MANAGEMENT AND SENIOR FELLOW AT T PETERSON INSTITU. HE IS A FORMECHIEF ECONOMIST THE INTERNATIONAL MONETA FUND. SIMON, WELCOME BACK. FIRST BRIEF EXPLAINWHAT IS DUBAI WORLD S THIS A PRIVATE COMPANY OR ESSENTIALLY THE DUBAI GOVERNMENT? >IT'S A STATCONTROLLED COMPANY. AND STE-OWNED AS FAR AS WE KN. BUT IT IS N THE STATE IT IS N THE SOVEIGN. SO IT IS POSSIBLEHAT DUBAI WORLD COULD DEULT ON S DEBTS, FOR EXALE, AND THAT WOULDN'T B A DEFLT BY THE DAI GOVERNMENT.

>> Warner: SOHY CAN'T DUBAI WORLDAY ITS DEBTS, WHAT IS DID $60 BILLION.

>> IT'S A PRERTY COMPANY, BYND LARGE. ND IT OWNS PROPERTS AROUND THE WORLD,Y THE WAY, BUT THE REAL MONEY AT THEY HAVE SPENTND THE MOEY THAT TH'VE LOST, THEY THINK AT THIS POINT, IS I DUBAI. THEY HAVE BUI EXTRAVAGANT, AMAZING PROPERTIES WCH WE JUST SAW IN THE WS REPORT AND MANY OF THE PROPERTIES ARE VACANT. EY AREN'T GENERING INCOME RIGHT NOW. I THINK THEY JUST N OUT OF CASH.

>> Warn: WELL S DUBAI IN WORSE SHAPE THAOTHER LACES? OTH PLACES AROUND THE GLOBE WHERE PROPER VALUES HAVE FALL E25, 30, EVEN 40%. T WE HAVEN'T SEEN, HAVE WE ARE, ANYWHERE ELSE, A GOVERNMT-RELATED ENTITY HAT CAN'T PAY?

>> WELL, WE'V SEEN SOME OTHER SPECTACULAR COLLAPSE SUCH AS ICELAND LASTEAR.

>> Warner: COUNTRIES IN T BALTICS, MOST OF EASTERN EUROPE IS VERYUCH STILL IN TROUBLE. BUTF COURSE WHAT IS STRIKING ABOUT DAI IS I IN THE OIL-RI PART OF THE WORLD. OIL ICES ARE PRTY HIGH, CLOSEO $80 A BARREL. WE AR LOOKING AT A STRANG RELATIONSHIP BETWEE DUBAI AND ABU DHABI PART OF ARAB EMIRATES ANDHAS AN ENORMOUS AMOUNT OF MONEY, PERHAPS $800 BILLI, PERHAPS MORE CASH, LIQUID ASTS OSIDE THE COUNTRY. DUBAI'S DEBTS E BIG BUT VERY SMALLED COMPAD TO WHAT ABU DHABI HAS SO HOW WILL IT SORT OUT.

>> Warner: WHYOULDN'T ABU DHABI STAND BEHIND BAI WORLD.

>> ABU DHA HAS STOOD BEHINDHE GOVERNMENT OF DUBAI, HELPED THEM OUT QUITE A BIT IN THE LAS 12 MONTHS BUT I THINK THERE IS A FEELING OF ANNOYANC THESE ARE NONTRANSPARENT STRTURES THERE A FALY STIFIED FEELING AV KNOWANCE WITHEGARD TO DUBAI'SOVERSPENDING AND OVEREXUBERANCE IN THE BOOM AND THE QUESTIONS WHEN IS DUBAI GOING TO CHANGE THE WAY ITRUNS ITS BUSINESSES INCLUDING THOSE VIOUS VULNERABLEARTS OF ITS PORTFOLIO OF WHH DUBAI WORLD IS THE MOST SPECTACULAR. Warner: DUBAI WORLD IS IN NEGOTIATIONS WITH S MANY CREDITORS. WHO A THE CREDITORS. IN OTR WORDS, WHO STANDS TO TAKE THE FIRST MOST MMEDIATE HIT HERE?

>> WELL, AS FAR AS WE KNOW, IT'SUROPEAN BANKS,ND PREDOMINANTLY EUROPEAN INVESTORS. THEY HAVE BEEN DRAWN TO THE GULF AND THEY WERE LD THE IDEA OF DUBAI AS A DESTITION AND A PROPERTY INVESTMENT BAS ON THE PROXIMITY T EUROPE, IN PART, SORITISH BANKSRE IN THIS ONE PRETTY HEAVILY AND SOME, AT LEAST ONE SWISS BANK, FOR EXAMPLE. AND ALSO THE ARE ASIAN COMPANIESNVOLVED, CONSTRUCTION COMPAES, FOR EXAMPL OUT OF KORE WHO HAVE REALLY BEEN IMPACTED TOY AND COMPANIES, FOR EXAMPLE, IN RUSSIA, THAT STILL A LOT OF STEEL TH ENDS UP ONE WAY OR ANHER IN DUBAI. SO 'S ALL INTERCONNTED IN A COMPLICATED WAY.

>> Warner: A SO IN THIS EGOTIATION, ESSENTIALLY THE NKS WILL HAVE TO TAKE WHAT WASEFERRED TO HERE AS A HAIRCUT. IS THAT WHAT THEYRE AIMING AT HERE?

>> WE, I THINK THATT A VERY COMPLICATED GAME THEY ARE PLAYING WITH DUBAI AND ABU DHABI. THEY ARE TRYING TO S IF DUBAI WORL DEFAULTS IT WOULD IMPA DUBAI'S REPATION AND THE SVEN EMIRATETOGETHER. THAT WOULD HURTBUDHABI, HOW MUCH THEY CARE AND HOW MUCH THEY ARE WILLINGO PUT IN, THE BETING IS THEY WILL LP DUBAI TO SOME DEGREE BUT IT NOT 100 PERCENT BAILOUT. THEIR TIENCE HAS BEEN TRI A LITTLE TOO MUCH.

>> Wner: WHAT IS THE WIDER POTENTIAL FAOUT HERE?

>> I MEANOULD THIS HAVE, FOR INSNCE, A COAGION FERKTSIPPLE EFFECT, CRIPPLING ANOTHER CREDIT CRUNCH OR CRISIS OF CONFIDENCE THAT LES PEOPLE, VESTORS TO PULL BACK?

>> IT IS CERTAINLY A POSSILITY. I WOULDN'TANT TO RULE IT OUT. I THINK THE DIRECT EFFECT, THE IMPACT ON PARTICULAR BANKS IN THE U.K. AND SOME PARTS OF EUROPE WE HAVE T LOOK AT CAREFULLY. T INDIRECT EFFECT ON THE CONFIDENCE THAT PELE HAVE IN VARIO KINDS OF COUNTES AND PLACES THAT ARE KE DUBAI. NOW DUB IS A VERYNUSUAL PLA. IT COULD BE PEPLE SAY WELL TH'S JUST A VERY STRANGE ONE AN OFF SITUION BUT IT COU BE THEY LOOK AT COUNTRIES THAT DEFEND ON -- DEPEND ON FOREIGN CAPITAL LIKE YEARN EASTERN EUROP

>> Warner: RUSSIA.

>> RUSSIA, COMPAES THAT ARETATE-OWNED OR STA NTROLLED BUT NOT EXACTLY THE STATE. WILL THEY REIVE THE SAME ND OF BACKING IF FROM THE RUSSIANOVERNMENT AND ONE ASSUMED A WEEK OR TO WEEKS AGO. TH IS THE RESESSMENT OF RISK GOING ON NOW.

>> Woodruff: .

>> Warner: THERE IA LOT OF TALK THE STATES ABOUT A COMMERCIAL REAL ESTATE CRUNCH COMING, CREDIT CRISIS COMING. IS DUBAI, DO YOU THINK, DIFFERE ENOUGH, THE LAVISHNESS, THE EXCESS THAT IT IS NOT -- I DOESN'T REVEAL ANYTHING ABOUTHAT COULD HAPPEN ELSEWHE OR COULD IT THE CANARY IN THE MINE SHAFIN THAT IT SHOWS THE VULNERABILITY TO LARGE COMMERAL REAL ESTATE ERLEVERAGING?

>> THINK IT IS A CARY IN ANOTHER MINE SHFT BUT THERE ISNO QUESTION THAT COMMERCIAPROPERTY IN THE UNTED STATES IS IN BAD SHAPE IT IS GOING DOWN. AND THERE IS A LOT GENUINE WORRIESBOUT THAT. DUBAI AS A SYOL MIGHT FOCUS MORE ATTENTI NEXT WEEK BUT I THINK DBAI IS POSTLY ABOUT EMERGING MARKETS. OUR HOME PROBLEMS ARE VY MU ABOUT THE UNITED ATES D THEY ARE VERY BIGND THEY ARE MUCH BIGGER ACTUALLY, THAN THE PROBLEMS IN DUBAI.

>> Warner: SO THE U.S. PROBLEMS YOU THINKRE A LOT BGER.

>> THE TOTALLOSSES FROM THE CRIS SO FAR WORLDWIDE WHICH MOSTLY CONCENTRATE ON THE UNITED STATES $1.7 TRILLION. WE'RE TALKINGBOUT CREDIT SSES IN DUBAI O PERHAPS 0 BILLION. THAT AN ORDER OF MAGNITUDE, TW ORDERS OF MAGNITUDE SMALLER IN DUBAI THAN WHAT WE HAVE SENN THE UNITED STATES. THE ADDITIONAL PROBLEMS IN THE UNITED STATES ARE ANOTHER 100, 200,00 BILLION B THEY ARE COMING ON TOP OF ALL THESE EXISTING PROBLS. THEY ARE COMI INTO A BANKI SYSTEM THAT IS WEAK ALREADY IN THE UITED STATES. >>Warner: SO BRIEFLY DO WE VE REASON TO BE NERVOUSBY HAT HAPPENED TODAY IN DUBAI.

>> YES,T SHOULD MAKE US NERVOU CAME AT AN AGO WAURD TIME. ABU DHABI IS CLOSED FOR USINESS UNTIL MONDASO WE DON'T KNOW WHATEAL THEY WORK OUUNTIL AT LEAST SUNDAY. AND IF MONDAY WE HAVE NEW RK OPENING WITHOUT FULL RELUTION OF THE ISSUE, ITHOUT TOTAL CLARITY IT IS GOING TO BE A DIFFICULT WEE

>> Warner: SI UPON JOHNSON OF M.T. AND THE PERSON INSTITUTE, THANK YOU SO MUCH.

>> ANK YOU.

>> odruff: IN OTHER NEWS TODAY IRAN WAS CENSURED R ITS NUCLEAR PGRAM BY THE U.N.'S NUCLEAR WATCH DOG AGENCY. 25 NATIONS INCLUDING CHA AND RUSSIA APOVED THE RESOLUTION. THEY DEMAED THE REGIME IMMEDIATELY FREEZE WORK A RECENTLY DISCOVERED URIUM PLANT. THE CHIEF U.S. LEGATE TO E BOARD STOPPED ORT OF CALLING F SANCTIONS, BUT WARNED IRAN THAT TIME IS RUNNI OUT. >>> ITED STATES REMAINS FIRMLY COMMTED TO A PECEFUL RESOLUTION TO INTERNATIONAL CONCERNS OVER IRN'S NUCLEAR PROAM. WE ALSO REMAINPEN TO GAGE IRAN TO WORK TOWARDS A DIPLOMATIC SOLUTION TO THE NUCLEAR DILEMMA IT HAS CREATED FOR ITSELF -- ITLF. IF ONLY IRA WOULD CHOOSE SUCH A COURS. OUR PATNCE, THAT OF THE INTERNIONAL COMMUNITY S LIMITED.

>> Woruff: FOR ITS PART, IRAN'S DELEGATE TO THE INTERNATIONAL ATOMIENERGY AGENCY VOID DEFIANCE, AND SISTED HIS COUNTRY WON'T BE PRESSURED OR INTIMATED.

>> KNOWLED IS A VY -- NOBODY HAS T RIGHT TO DEPRIVE THE IRANN NATION. THEREFORE THE RESOLUTION, I SAID INHE MEETING THAT THE ANSWER IS NO. WE WILL NOT IMPLEMENT ANY WORLD EVENT BEUSE THIS IS A POLITILLY MOTIVATED GESTE AGAINST IRANIAN NATIONS. WE WILL CONTINUE OUR ENRICHMT ACTIVITIES AND PEACEFULCTIVITIES UNDER THE --

>> Woodruff: HE DID SAY AT IRAN WOULD CONNUE TO ALLOW BASINUCLEAR INSPECTIONS. BUT IT WILL STOP MAKING "VOLUNTARY GESTURES"F EXTRA COOPERATN. IN AFGHANISTA PRESIDENT HAMID RZAI CALLED ON THE TALIBAN AND OTHER MILITANTS LAY DOWN THEIR APONS AND REBUI THE COUNTRY. HE MADE THEPPEAL AS PART OF AN ELECTION PLEDGE TO MAKE RECONCILIION HIS MAIN OBJEIVE. KARZAIPOKE IN KABUL TO MARK THE BEGINNING OF THE MUSM HOLIDAY, EID. HE ADDRESSEALL MILITANTS IN FGHANISTAN.

>> FR THE TALIBAN TO HEZBOLLAH AND ALL OUR BROTHERS WHO STAND ARMED AGAINST THEIR COUNTRY I HPE THAT FOR PEACE STABILITY AND DEVELOPMENT OFTHEIR COUNTRY THEY SHOULD ME BACK TO THEIR HOMELAND, THEIR FAMILIES.

>> Woodruff: GERMANY'S LOR MINISTER JOIN THE HEAD OF GEAN ARMED FORCES BY RESIGNIN TODAY. IT WAS OVERN AIRSTRIKE IN AFANISTAN IN SEPTEMBER THAT KILLED 69 TALAN AND 30 CIVILNS. GERMAN FORCES ORDERED THNATO STRIKE. GEAN LABOR MINISTER FRANZ JOSELF JUNG, WHO WAS DEFSE MINISTER AT THE TI, INSISTED FOR DS THERE WERE NO CIVILIAN CASUALTIES. TODAY HE CONCEDED HEEVER SAW A MIITARY REPORT INDICATING CIVILIANS WERE KILLED A FORMER ITISH DIPLOMAT TOLD A PUBLIC WAR QUIRY IN LONDON THE U.S. WAS "HELL BENT" INVADING IRAQ 2003. JEMY GREENSTOCK, THE FORMER BRITISH AMBASSOR TO THE UNITED NATNS, SAID THEN-PRESIDENT BUSH SHOWED INTEREST IN A U.N. RESOLUTION TOPPROVE THE IRAQ OENSIVE. GREENSTOCKCKNOWLEDGED HE EVEN CONSIDERED RESIGNING IF N FORMAL ACTION WE TAKEN.

>> I DID NOT THINKHAT THE UNITEDINGDOM COU ESBLISH A PARTNERSHIP WIT THE UNITED STATES IN THE USE OF RCE ON THE BAS OF E RESOLUTIONS UP TO AUST 2002 AND NOT BEYOND IT. AND EREFORE I SD I MIGHT NOT BE ABLE TO CONTIE AS AMBSADOR IN NEW YORK IF THERE WAS NO FURTHER UPDATED BASIS FOR REGAING IRAQ AS BEING IATERIAL BREACH.

>> Woodruff: GREENSTK ALSO SAID THAT HIS OPINION, THE WAR WAS EGAL, BUT OF QUESONABLE LEGITIMACY". POPE BENEDICT THEVI HAS APPEALED FOR GATER EFFORTS TO FULLY INTEGRATE IMMIGRA CHILDREN INTO TIR NEW SOCIETIES. IN A SSAGE PUBLISHED TODAY, THE PONTF CALLED ON NATIONS AROUND THE RLD TO SHIELD GRANT CHILDREN FROM EXPLOITATION. HE SAID IT'S IMPORTANAS THE NUMBER OFHILDREN SEEKING LITICAL ASYLUM GROWS. THE GOLR TIGER WOODS WAS INJURED IN A CAR CRASH OUTDE S FLORIDA HOME A LITTLE AFTE 2 O'CLOCK THIS RNING. POLICE REPORT RELEASED 12 HOURS AFTER THACCIDENT SAID WOODS T A FIRE HYDRANT AND THEN A EE AFTER PULLING OUT OF HIS DRIVEWAY. IT CLASSIFIED HIS NJURIES AS "SEROUS". BUT A SPOKESWOMAN FROM ALTH CENTRAL HOSPITAL WHERWOODS WAS TREATESAID HE WAS RELEASED DAY IN "GOOD CONDITION". FLORIDA HIGHWAPATROL SAID ALCOL WAS NOT INVOLVED AND NO ONE ELSE WAS IN THEAR. THE.S. SECRET SERVICE ACKNOWLEDGED ITS ANTS DID NOT VERIFTHE IDENTITIES OF A VIRGINIA COUPLE WHCRASHED A RECENT WHITE HOUSE STATE NNER. TAREQ AND MHAELE SALAHI ATTEED AND ACCORDING TO A WHITE HOUSE OFFICIAL T THE PRESIDENT BUTERE NEVER ON THE EST LIST. SECRET SERVICE DIRECTOR MK SULLIVAN VOWED THAT WOULD NEVER HAPPEN AGAI A LAWYEFOR THE COUPLE INSISTED THEY WERE "CARED BY THE WHITE HOUSE TO BE THERE".

>> Woodrf: AND STILL TO COME ON THE NEWSHOUR TONIGHT: FOOTBALL PLAYERS ATRISK; SHIELDS AND BROOKS; AND THE LONGE RUNNING MUSIC SHOW ON TV. THAT FOLLOWS A AME HOLMAN REPORTN THE KICKOFF OF THE HOLIDAY SHOPPING SEON AND SOME SOBING EXPECTATIONS.

>> Holman: IS BECOME AS TRDITIONAL TO THANKSGIVING AS LEFTOVERS D TRAVEL, THE DAY- AFTER SHOPPING SPREE CALLED 'BCK FRIDAY' BASED ON RETAILERS' HOPES THEIREARLY BALANCE SETS WILL GO INTO THE BLACK.

>> IT IS REALLTHE START ARING THE SHOPPING SEE FOR FOR -- ASONOR RETAILERS. WE ARE ENCOURAGED BY THE AMOUNT OF TRAFFIC.

>> lman: THE DAY IS DOMINATED BY BARGAIN-HUNTERS O WERE OUT BEFOREAWN TODAY. USUALLY WE DTHE 6 A.M. BUT THIS YEARE TRIED TO THE DO TH MIDNIGHT AND I WAS SHOCKED BY THNUMBER OF PEOPLEERE

>> Holman: MARKING E UNOFFICIAL STT OF THE HOLIDAY OPPING SEASON, STORES HERALD SLASHED PRICES OALMOST EVERYTHG, WITH SPECIAL PHASIS ON ELECTRONICS, CLOTHING, BOOKS AND TOYS. FOR REILERS, IT OFFERED HOPE THIS HOLIDAY SEASON WOULBE BETTER THAN LA YEAR. ALES IN RECESSION-CRIPPLED 28 WEREOWN ALMOST 3.5%, ONE OF THE WORST ON RECORD. THE TIONAL RETAIL FEDERATION ESTIMATES 4-MILLION PEOPLE LL JAM STORES THIS WEEKEND, WITH EVEN MORE JOINI IN A VIRTUAL RH, SHOPPING ON-LINE. THE INDUSTRY GROUP PREDICT ANOTHER 1% OP IN SALES THIS ASON BUT BETTER DAYS AHEAD. SCOTT KRUGMAN IS RETAIL FEDERATIONPOKESMAN.

>> THINGS A FINALLY STARTING TO STABILIZE IN THE RETAI INDUSTRY. ALTHOUGH WE'RE N AT A FULL RECOVERY, IT CLRLY DEMONSTRATES CONSUMERS ARE SLOWLY COMING BACK, ANDUST IN TIME FOR THE HOLIDAY SSON.

>> Holman:UT KRUGMAN SAYS CONSUMERS ARE RETURNI WITH CAUTION.

>> THEY'RE CLEARLY GOININ WITH A BUDGET, THERE LOOKING FOR SA MERCHANDISE.

>> Holman: THAT W EVIDENT AT THEUAIL SPRIN MALL IN OKHOMA CITY, IN REACTIONS GATHERED BY OUR COLAGUES AT PUBLIC STION KETA.

>> IN THE PAST, YOU KNO YOU JUST GO OUTND I WOULD JUST SPEND ANYTHING IN MY POCKET,OU KNOW. AND N YOU REALLY HAVE TO STOP AND THINK AND SAY IS THISONNA BE SOMETHINGHAT IS A NECESSITY NOW THAT WILL, FOR THE NEXT YEAR, BE USED?

>> WE DEFITELY LOOK AT TOYS THAT WILL LAST FOR A WHILE. BUT WE WILL, WE N'T SPEND A LOT, BUT WE'LL SPEND APPROPRIATELY FORACH KID. Holman: RETAILERS ALSO ARE ENLISTING NEW STREGIES THIS YEAR. TOYS RS PREVIEWED ITS DEALS ON THE SOCIAL NETWORKINSITE FACEBOOK. HIGH-D SELLER NEIMAN MARCUS, FAMOUS FOR ITS EXORBANT CHRISTMAS CATALOG, JOINEDTHER STORESN LAUNCHING ON-LINE PROMOTIONS. AND MY STORES HAVE OFFERED LAYAWAY PLANS, DEENED THEIR DISCOUNTS, SLOWED PANSION, AND SLAED THEIR INVENTORIES.

>> EY'RE CUTTING BACK ON THEIR OPERATING COSTS AMUCH AS POIBLE, TO PASS ON THOSE SAVINGS TO THE CONSUMER WHEN IT COMES TO VENTORIES, THEY'RTRYING TO KEEP THOSE VELS AS LOW AS POSSIBLE, MEANING THEY HAVE JUST ENOUGTO SELL FOR THE HOLIDAY SEAS.

>> Holman: LESS INVENTORY COD ME FEWER CHOICES FOR SHOPPERS, MANY OF WHOM ARE APTING NEW STRATIES OF THEIR OWN.

>> I THINK THERE'S MU MORE OF AN EMPHAS NOW ON PRACTICALITY, UTILITY, DURABILITY, VAL Holman: LEE EISENBERG I AUTHOR OF "SHOP-TIMM", HE SPOKE WH PRODUCERS FROM WTTW AT A BUSY MALL IN DOWNTN CHICAGO.

>> THE SUBTLE OF MY BOOK IS THE AMERICAN CONSUR WILL CONTINUE TBUY NO MATTER WHAT. NOW THAT ISN'T TO SAY THATHE AMERICAN CONSUR WILL CONTINUE TO BUY THE SAMEAY THAT WE WERE BUY A COUPLE YEARS AGO. BUT WE WILL BE SHOPPIN THE QUESTION IS WHAT EXTENT WILL WE SHOP AND WHERE WILL WE SP.

>> Holman: STORES STILL RED CUOMERS IN WITH THEIR "DOORBUSTER DEA" THIS MORNING BUT THAT MIGHT NOT BENOUGH, SA GEORGETOWN UNIVERSITY MARKETING PROFESSOR RONA GOODSTEIN.

>> RAHER THAN SELLING PEOPLE THE GOODS, THE BENEF ON THE GIFT, TY'RE LURING EVERYONE TO THEIR STORE ON PRICES D SO WHAT I THINK THEY'RE GOING TO END UDOING IS SHOOTING THEMSELV IN THE FOOT BECAUSE THINK PEOPLE ARE GOING TO START CHERRY PICKIG.

>> Holman:N FACT, OVERALL RETAIL SALES AREXPECTED BE DOWN 3% BY THE END OTHE YEAR, A REFLECTION OF NEW BUYING HABITS: SHOPPING R FEWER PEOPLE,ND MORE STRATEGICALLY.

>> LAST YEAR I SHOP F MY FAMILY, MY WIFE KIDS A BROTHERS AND CLO FRIENDS. TH YEAR BROTHERS ARE OUT AND JUST WIFE AND KID. BECAUSE OF THECONOMY. Holman: MARKETING PROFESSOR GOODSTEIN SEES SIG OF THINGS TO COM

>> YOU'RE GOING TOEE IS AN EVEN BIGR COLLAPSE OF THE RETAIL INDUSTRY. I THINK, THERE'S ALREADY BEEN A TON OF CONSOLIDATI, BUT THERE AREOING TO BE JUST A FEW, LARGE STORES THAT SURVIV

>> Holman: AND AUTR EISENBERG SEESHOPPERS GROWING EVER MORE STRATEGIC.

>> ONEF THE GOLDEN RULES RIGHT NOW IS SOMETHINCALLED COST PER AR. DON JUST LOOK AT THE PRICE TICKET, ALTHOUGH THAT MATTS-- LOOK AT WHAT IT SAYS THE PRICE TICK AND DIVIDE IT BY THE OUNT OF USE OR WEAR YOU EXPECT TO GET OUT OF I PEOPLE ARE SHOPPING THRI SHOPS THESE DAY. IN FACT I GOT A CL THE OTHER DAY FROM STRANGER THAT WAS COMPLAINING THAT SHE HADLWAYS SHOPPEAT THRIFT SHOPS AND NOW THE PRICES OF CLOTHING AT GOODWL SEEM TO BE GOING UP BECAUSE NOW ALL KINDOF PEOPLE ON THE ECONOMIC SPECTRUM WER SHOPPING IN THRIFT SHS FOR SOME AUSTITY HAS BENEFITS.

>> ITS BEEN A LOT RE FUN TO EITH LIMIT THE GIFTSND NOW WE CAN GEA SPECIAL GIVE SO THE KIDS CAN MAKE SOMETHING IT'S ACTUALLY BE MORE SPECIAL THINK

>> Holman: TAKEN TOGETHER, E CHANGES THIS OPPING SEASON ARE EXPECTED TO AMOUNT UP TO A DECLINE IN PER-PSON SPENDING.

>> Woruff: NEXT ON THIS BIG FOOTLL WEEKEND WE HAVE A RETURN LOOK AT THE SPORS LASTING IMPA ON SOME PLAYERS. E NATIONAL FOOTBALL LEAGUE H BEEN CRITICIZED FOR ITS HALING OF CONCUSSIOS. ANTHIS WEEK, THE LEAGUE'S COMMISSIONER ANNNCED A CHANGE INAPPROACH. TEMS ARE NOW BEING TOLD TO HRE AND WORK WI INDEPENDENT NEUROGISTS WHEN A PLAYER SUFFERS A CONCUSSION. RULES A EQUIPMENT MAY BE CHANGED AS WELL. RAY SREZ REPORTED ON THE DGERS OF BRAIN TRAUMA LAST MONTH WHEN A CONGRESONAL HEARING WAS LLED.

>> REMEER THIS JACKET, HONEY? HONEY, AND UP, LOOK AT ME. HE'S SMILING! HE'S GOT HIS HALL FAME JACKET ON D HE'S SMILING!

>> Suarez: JOHN MACKEPROBABLY DOESN'TEMEMBER THE NFL HALL OF FAME JACKET HGAVE AWAY WHEN DEMENTIA FIRST IPPED HIM EIGHT YEARS AGO. BUT WITH THE HELP OF H WIFE, SYLVIA, HE TRIES TO ENJOY MONTS OF NOSTALGIA FOR HIS DAYS A PRO FOOTBALL RECEER IN THE 60s AND EARLY 70s. TODAY THHALL OF FAMER, UST 68 YEA OLD, IS IN ASSISTED LIVING COMPLE WITH A BEEPING SECURITY SYSTEM TO STOP NFUSED RESIDENTS OM WANDERING OFF. A THERE GOOD DAYS AND BAD DAYS? >>YES AND GRT DAYS AND NOT SO GREAT DAYS.

>> Suarez: ON THE GOODAYS, HOW IS IT DIFFERE FROM WHAT WE'RE EING NOW FROM MR. MACKEY?

>> ON GOOD DS, HE'LL GET UP D WALK UP AND DOWN. HE'LL THROW AND CAH THE BALL. ACTUAY, TODAY WOULD BE A GOOD DAY IF IWON'T FOR THE TWITCHING, THEY CALLT A JERK.

>> Suare AND SPEECH?

>> HE DOESN'T TK ANYMORE, VERY RELY. >>uarez: MACKEY WAS DIAGNOSED WITH DEMENTIA WHEHE WAS JUST 60. HIS WIFE BELIES A CAREER IN THE NFLEFT HIM WITH CHRONIC TRAUMATIC CEPHOLOPATHY, OR T.E., A DEGENERATIVE BRAIN DISEASE. SHNOTICED MORE AND MORE FORMER NFL-PLAYERS EXPRESNG SIMILAR MENTALLLNESS.

>> EVERYEAR HE WOULD GO BACK TO THE HALL OF FA CEREMONY AND EVERY YEAR THAT I WENT BK I NICED THAT MORE AND MORE PLAYERS, ANTHESE WERE HALL OF FAME GUYS, HAD DEMENTIA. THISAS AFTER HE WAS DIAGNOSED AND I WAS SO TAKEN ACK BY IT. SOI SAID, THERE'S SOMETHING WRONG WITH THIS PICRE. THERE WERE ONLY AT THIS INT 260 MEMBERSN THE HALL OF FAME. I'M SEEING 4 OR 5 OR 6 HE THAT HAVE DEMENA, AND ANOTHER WHOSE VES WERE TELLING US THAT THE THINK THEIHUSBANDS WERE GEING IT.

>> Suarez: E HOUSE JUDICIARY COMMITTEE WENT LOOKING FOR ANSWERS, FROM THEFL, ITS PLAYERS ION AND MEDICAL OFFESIONALS. SPECICALLY, CHAIRMAN JOHN CONYERS WANTED TO KNOW ITHE LEAGUE WAS RDY TO ACCEPT A COECTION LINK BETWEEN ITS GAME AND SEVERE BRAIN DEASE.

>> MMISSIONER GOODELL, IS THERE A LINK BETWEEPLAYING FOOTBALL A THE LIKELYHOOD OF CONTRACTING A BRAIN RELATED INJURY SUCH AS DEMENTIA, ALZHEIMERS DEMENTIA C.T.E.? >>OU ARE SEEING INFO AND DATA AS TO THE LINKAGEAND THE MEDICALXPERTS SHOULD BE THE ONE TO CONTINUE THAT DEBAT T OUR BOTTOM LINE IS WE ARE NOT WAITING FOR TT DEBATE TO CONTUE. WE WANT TO MAKE SURE OUR GA IS SAFE AND WERE DOING EVERYTHING WE POSSIBLY CAN FOR OUR PLERS NOW.

>> I HAVE JUST ASKED U A SIMPLE QUESTN. WHAT IS THE ANER?

>> THE MEDICAL EXPERTS WLD KNOW BETTER TN I WOULD WITH RESPECTO THAT BUT WE ARE NOT TREATI THAT IN ANY WAY IN LAYING ANYTHING THAT WE DO ARE RE-FORCING THE SAFEST.

>> OK, I HAVEEARD IT.

>> Suarez: THE CHRMAN AND SEVERALTHER COMMITTEE MEMBERS WERE FRUSTRATED BY THEEAGUE'S SKEPTICISMIN THE FACE OF MEICAL RESEARCH SHOWING LASTIN BRAIN DAMAGE WI CONCUSSIONS AND HER HEAD TRAUMA IN FOOTBALL. ONE RECENT STUDYCOMMISSIONED BY THE NFL ANDONDUCTED BY THE IVERSITY OF MICHIGAN, FOUND THAT 6% OF RETIR NFL PLAYERS OVER 50 YEARS OLD RORTED A DIAGNOSIS OF DEMENTIA, ALZHEIMERS, OR OTHER MEMORY RELAD DISEASE. THAT FINDING - COMPARED TA LESS THAN 2% GURE IN U.S. MEN SIMILAR AGE, DREW HEADLINE AND PROMPTED THIS CONESSIONAL INQUIRY. THE PORTS AUTHOR HOWEVER, WAS CAREFUL NOT TO DRAW DIRECT LINK FROM OTBALL TO DEMENTIA.

>> THOSE NUMBERMAY OR MAY NOT INCATE AN ELEVATED RISK FROM A CAREER PLAYING FOOALL. WE CAN'T DRAW CONCLUSION AND NOESPONSIBLE SCIENTIST WOULD DO SO. >>uarez: BUT OTHER DOCTORS S THE SIGNS ARE CLR.

>> NONE OF MY COLLEAGUEHAVE EVEREEN A CASE OF C.T.E. WITHOUT A HISTORY OF HEAD TRAUMA,

>> Suarez: NEUROLOGIST DRANN MCKEE IS STDYING THE BRAINS OF FORMER FOOTBALLERS AT BOST UNIVERSITY. IS THERE A WAY THAT WCAN DRAW A STRAIG LINE FROM SOMEBODY'S CAREER IN THE NFL WITH E PROBLEMS THAT EY ARE HAVING AS 45 YEAR OLD?

>> WHATE HAVE SEEN IN ALL OF THESE PLAYERS IS A AUMA INDUCED DISEASE, ITS CAUSED BY TRAUMA ANDO I DON'T THINK THERE IS ANY QUESTIOABOUT WHAT HAS CAED THE DISEASE IN THESE PLAYERS. MOST OF THEM GOT MOSOF THEIR TRAUMA DURINTHE NFL YEARS AND I THINK IT IS TIME ACTUALLY RECOGNIZE THAT AND NOT RY THAT DATA WH EXCUSES THAT IT MIGHT BE SOMETHING ELSE.

>> Suarez: THE COMMITTEE ALS HEARD TESTIMONYROM SEVERAL FORMER PLAYERS. MERRIL HOGE ENJOYED LONG CAREER AS AN NFL RUNNING BAC UNTIL A SERIES OCONCUSSIONS LEAHIM TO QUIT.

>> I WILL SAY THIS, TRE HAS BEEN SIGNIFICANCHANGES IN THE NAONAL FOOTBALL LEAGUE.>o BASEDN THE NFL AND THE NFL PA, WHAT HAPPENED TO ME ULD NOT HAPPEN THE NATIONAL FOOTBALL LEAGUE TODAY. THAT DOES NOT MEAN WE ARALL THE WAY THE. WE ARE ONUR WAY.

>> Suar: REPEATED INJURIES ENDED RALPH WENZEL'S PRO FOOTBALL CAREER TOO. DIAGNOSED WITH COGNITE IMPAIRMENT IN999, HE NOW HAS ULL BLOWN DEMENTIA. THREE ARS AGO HIS WIFE, DR ELEANOR PROFETTO,OULD NO LONGER RE FOR HIM.

>> INOW THAT HE DOESN'T WANT TO LIVE THE WAY THAT HLIVES. AND I KN THAT HE DOESN'T WANT TO SEE ANYONE ELSE LIVE AT WAY EITHER.

>> Suarez: NOW SHE'URGING THE LEAGUEO ADMIT IT IS FACING A CRISIS.

>> IT'S VE FRUSTRATING THAT THE NFL DENIES THAT THE EVINCE IS THERE, TH THEY DENY THERE A RELATIONSHIP. I TNK IT'S DISRESPECTFUL OF THE PLAYE, IT'S DISRESPECTFUL OF THE FILIES THAT ARE GOING THROUGH THIS. IT LVES THE CURRENT PLAYERS IN DANGE THEY ARE IN JEOPARDY OF THIS HAPPENING TO THEM I THINK THE NFL REALLY NEEDTO STEP UP AND TA A VERY PROACTI ROLE.

>> Suarez: THE HEAD OF THE PLAYER'S UNION IS MAURICE SMITH.

>> WE ARE MMITTED TO GETTING THE RIGHT ANSWERS. TO WORK WITH EVERYONWHO HAS THE GOAOF PROTECTING OUR PLAYERS,ND TO SERVE AS A MODEL FOR FOOTBALL AT EVY LEVEL.

>> WE'VE DONE A EMENDOUS JOB IN OUTLAWING HI ON A DEFENSIVE PLAYE CUTTING DOWN ON HELMET TO HELMET CONTACT, DOI A BETTER J OF PLAYERS WHO GET INJURED HOW WE RESND TO THOSE PLAYERS OTHE FIELD, FOLLOWING UP ON THE MEDICAL TECOLOGY ON HOW LONG THEY NEED TO BE OUOF THE GAME AFTER TY'VE SUFFERED A ONCUSSION. >Suarez: IN FACT, THE NFL CHANGED THAT RULE LY TWO YEARS AGO. SIE 2007 NO PLAYER KNOCKED UNCONSCIOUS IN GAME CAN RETURN THAT GAME. THE EAGLES STAR RNING BACK BRIANESTBROOK TOOK A KNEE TO THE HEAD IN MONDAYIGHT'S GAME AND WAS OUT. HIS COACH CALLS HIM "HEFUL" FOR SUNDA BUT DR. MCKEE WORRI THAT PLAYE ARE RETURNED TO THE FIELD TOO QUICKLY.

>> MY TNKING IS THAT YOU REALLY NEED TO REST THAT NEE CELL. AND THOSNERVE CELLS ARE VERY JARRED BTHAT EXPERIENCE AND THE IS ALL SORT OF MICROSCOPIC AND METABOLICHANGES THAT ACALLY GO ON FOR WEEKS AFTER THAT INJURY. OU HAVE A CONCUSSION ONE DAY AND SIXEEKS OUT YOUR NERVE CELLS ARE STILL SGHTLY UNSELED, ITS NOT REALLY BACK TO ITS RESTING STATEAND IF YOU ARE INJURED A COND TIME WHILE YOU ARE AEADY IN THIS SORT OF MBO STATE THE CONSEQUENCES A MUCH GREATER.

>> Suarez: BY THE END OTHE HEARING, THEFL AGREED TO SHARE ITS RESEARCH INTO CONCUSSIO MORE WIDELY, INUDING THE RESULTS OF THE MIIGAN STUDY NEXT YR. FOR SVIA AND JOHN MACKEY, THAT STEP IS WELCOME. FOOTBALL IS DANGEROUS, IT' NOT GOING TO GOWAY. HEY JUST NEED TO BE PREPARE AND PEOPLE CHOOSTO DO IT, YOU CHOSE TO DO IT, NOBODY MAKES YOU DO IT. SO TY NEED TO PROVIDE FOR THE USUAL MALADIES, THE UAL MALADIES AT ARE UNUSUAL THAT GO ALONG WITH PLAYINTHE SPORT, YOUNOW WHAT I MEAN.

>> Suarez: THANKS TO T CKEYS, THE NFL DOES PROVIDE $88 THOUSAND PEYEAR FOR CARE TO THE 70 FORMER PRO'ACTUALLY DIAGNOSEWITH MENTAL IMPRMENTS. $88,000 IN HONOR OF JOHN' JERSEY NUMBER "".

>> WHO DID YOU PLAY FO DID YOU AY FOR THE BALTIMORE WHO? BALTIMORE...?

>> LTS.

>> GHT! THAT'S RIGH

>> A STSCRIPT TO RAY'S REPORT WHICH WAS FILE A MONTH AGO, THERE WAS FALLOUT INHE LEAGUE'S REACTION TO THE MICHIGAN STUDY MENTIOD IN T PIECE. THE CO-CHAIRS OF A LEAE MMITTEE ON CONCUSSNS SIGNED EARLIER THIS WEEK. ON OUR WEB SITE YOU CAN LEARN MORE ABT WHETHER PARENTS SHOULD BE WORRIED ABOUTHEIR CHILDREN PLAYING CONTACT SRTS. SWERS TO THAT QUESTION AND MORE ARE AT NEWSHOUR.PBORG. AND TO THE ANALYSIS OF SHIELDS AND BRKS, SYICATED COLUMNIST MARK HIELDS AND "NEW YORK TIMES" COLUMNIST DAVID BROO WHO JOINS US FROM PHILADELPHI THANK YU FOR BEING WITH US AGAIN, MARK. FR DAYS AWAY FROM THE PRESIDENT'SNNOUNCEMENT OF STRATEGYIN AFGHANIAN. WHAT DO YOU EXPECT FROM HIM AND WHAT DOES HE NEED TO DO

>> WELL, JUDY, HE SPEAKING TO I NATION THAT IS NOT SIMP SKEPCALBUT PESSIMISM D DEDIVIDED OVER AFGHANISTAN. WE'VEAD NOTHING BUT BAD NEWS FROM AFGHANISTAN WHETHER IT IS THEORRUPTION IN KABUL, WHETH IT IS STUFFED BALLOT BOXES IN THE ECTION, WHETHER ITOST OF ALL THE INCREASING NUER ARICAN CASUALS -- SUALTYS FROM THAT THEATRE OFOMBAT. AND SO I THINK WHA THE PRESIDENT FIRST OF A HAS TO D IS BASICALLY FOUR THNGS. FIRST HE S TO LAY OUT TO E AMERICAN PEOPLE WITHOUT DO NOT UNDERSTAND IT, TARTING TH ME, WHAT IT MEANIF WE LOSE AFGHANISTAN, QUOTE, UNQUO, LOSE. I MAN IF WEWITHDRA AND THEN SEND HE HAS TO LAY OUT SPECIFICALLY AT HIS STRATEGY IS THAT NEW STRATEGY A HOW, QUITE HONESTLY, MAKE TH CLEAR. AND WHAT TH RATEGY SETS OUT ACHIEVE. AND THEN THE TROOPS, THE NUMBER OF TROOPS COME IN THERE, O TOP OF THAT, AND THINK HAS TO TELL HOW SUCCESS IS GOING BE MEARED, PROGRESS IS GOING TO BE MEASURED. WHAT SUCCESS I WHAT FORM WILL TAKE. AND FINALLY, I WOU SAY, HE HAS TO SAY HOW WE'RE GOING TO PAY FOR ITND I THINK IS THE ISSUE THAT HAS BEEN BROUGHT UP BYAVIDBBI, CHAIRMAN OF THE A PREPARE ERATIONS COMMITTEE. WE HAVE PUT $1 TRILLION ON THE EDIT CARD SINCE THE WAR BEGAN SINCE 9/11, BOTH IRAQ D AFGHANIAN. IT'S BEEN UNPAIOTIC IN A BERAL LTERAL SINCE AND NPATRIOTIC TO DO SO ITHINK THAT WILL BE A MAJOR ISSUE IN THE COMIN DEBATE OVER AFGHANISTAN.

>> Woodruff: DAV THAT IS A LOT F THE PRESIDENT TO GET DONE. CAN HE DO ALL THAT?

>> WELL, WE'LL SE I GUESS I WOULD ART WITH NUMBER TOON THE SHIELDS LIST WHICHS THE STRATEGY FOR HOW HE'S GOING TO DO IT. I AN WHAT, AOT OF ATTENTION IS GOI TO BE PAID TO HOW MANYTROOPS HE SENDS IN. THE IS AN EXPECTATION IT WILL BE SOMEWHE AROUND 30,000 OR SOWHERE IN THAT BALLPARK BU THAT'S REALLY NOT THE KETHING TO LOOK FOR. THAT WILL BE THE HEALINE THNG BUT IT IS KIND OF MISLEADING. THE KEY THING IS WHAT STTEGY WILL HE USE THOSE TROS FOR. WHAT McCHRYSTAL AND PETRAEUS ARE SPONSORING IS SOMETHI CALLED THE COI STRATEGY WHICH IS NOT ONLY SECURING ARAS BUT HOLDING AND BUILDING. IT'S REAL NATION BUILDING, IT'S VILLAGE BY VILLAGE GOING AND ESTAISHING IT. THE COIN STREGY WORKS, THE PBLEM WITH IT NDS TO TAKE TEN YRS, ITTAKES A LOT OF MONEY AND A LOT OF MANPOWER SIT IS A REALLY DEEP MMITMENT. AND IT COULD BE AND MY SUSCION IS THAT BARACK OBAMA DOES NOT WAN THAT HUGE COMMITME SO HE WILL FIND ANOTR STRATEGY. THE QUEION IS IF YOU INSERT THOSE 30,000 ODD MEN AND MEN WHAT STRATEGY IS THRE ASIDE FROMHIS COIN STRATEGY THAT HE IS GNG TO USE. I THINK, I WI BE MOSTLY PAYINGTTENTION TO AT, WHAT EXACTLY E THESE PEOPLE GOINGO BE DOING AND HOW ES IT LATE TO THE ENDS. D FINALLY TOEND ON SOMETHING RK SAID, I THINK IT ISQUITE LEGITATE. I DON'T KNOW WHWE ARE THERE. I MEAN I'VE TALKED TO MANY PEOPLE AND THEY GIVEE VERY DIFFENT ANSWERS. A LOT OF PEOPLE SAY WE ARE THERE SO THERE IS NO SANCTUARY FOR TERRISTS. SOME PEOPLE SAY WE ARE REALLY THEREO SECURE PAKISTAN. AND THERE ARE OTR THINGS. SO THERE IS WHOLE SERIES DIFFERENT ARGUMENTS THAT ARE MADE. AND HE' GOT IT REALLY EMPHASIZONE OR THE OTHER AND REAL SHOW WHY IT IS CRUCIAL.

>> C THESE ALL BE PULLED TOGETHER, MARK, IN ONE SPEECH ON ONEIGHT?

>> WELL, SWRUDEE, IT'S A MAJOR TASK. I MEAN THIS IS HOW THE RISE AND ASCENT BARACK OBAMA HAS OCCURRED. IT'S ALWAYS BEEN A MAJOR SPEECH WHETHER IT WAS ON HEAL CARE MOST RECENTLY, WHETHER WAS ON REVEND WRIGHT, WHETH IT WAS IN 204. IT IS AN ENORMOUS TASK. BUTHAT'S HOW HIS ADMINISTRATION HAS RLLY COME TBE DEFINED. I OULD JUST ADD TO WT DAD SAID. 'M NOT IN THE HABIT OF QUOTING HENRY KIINGER BUT HE SAID A CONVENTIOAL ARMY LOSES IF IT DOES NOT WI IN A GUERRILLA WAR. A GUEILLA WINS IF HE DS NOT LOSE. ANDRUCE RIDDELL WHO HAS BEEN ON OUR SHOW VERAL TIMES MAKS THE POI THAT WITHIN A GENERAON, UNITED STATES IS IN THE STRAE POSITION ON BO SIDES THE WAR IN AFGHANISTAN WE SUPPORTED THEEBELS, THE INSURGENTS AINST THE RUSSIANS BETEN 1979 AND 1989. AND WITH CHINA AND IRAN AND SAUDI ARABIAND A LOTF HER PEOPLE. BUT AND IT'S A LOT EASI TO SUPPORT THE INSURGENTS. AND NOW WE'RE ON THE OER SIDE OF BEING, WE'LL HAVE IF THE PRESIDENT DOES SEND IN 30,000 AMERAN TROOPS WHICH HAS EN THE MOST OFTEN HED AND THISDDITIONAL NUMBER OFO TROO, WE'LL NOW HAVE AMANY TROOPS O OUR SIE AS THE RUSSIANS EVER D IN AFGHANISTAN. AND SO I IS A -- IT'S TRICKY AND VER VE DIFCULT TASK.

>> IF I COULD JUST ADD ONE MOE TRICK THAT HS GTO ACCOMPLI, WHICH IS ABOUT SIGNALI. HE'S GOT TO SIGNAL SOHE TLB, THE PEOPLE IN AFGHANISTAN, THE PEOPL IN KABUL, THE PEOPLEN VILLAGES AROUNDHAT WE ARE REALLY SERIOUS AT WE ARE GOING TOSECURE THEM. BECAUSE THEY WI NOT HELP US ROOTING OUT THE TALIBAN AND THE VILLAGE UNLESS THEY ARSURE THAT WE HAVE THE BACK. AND THAT WE ARE TRU COMMITTED TOINNING AND TO TH EFFORT. AT THE SME TIME HE HAS TO SIGNALO THE AMERICAN PEOPLAND MANY DEMOCRATS WHO ARE VERY SCRIT CALL THAT WE HAVE OFF-RAMPS, A WAY TO GET OUT OF HERE. HE H TO NALO KARZAI IF HEOESN'T SHAPE UP AND MEET THE BENCHRKS WE WILL LEAVE HIM IN THE LUNC HE HAS TO ONE SIGNAL EXTREME CONSTANCEEE THAT LL BE THERE FOREVER LL THE END AND ALSOEXTREME CONTINGENCY THAT WERE READY TO GET OUT. THAT Y THIS PROCESS S TAN A LONG TIME. BECAE ALL THE THINGSE UST LISTED ARE EXTREMY DIFFULT. > THE EXPECTATIONS ARE HUGE. IS THAT THE DOI OF THE WHITE HOUSE? BECAUSE THE PROCESSAS TAKEN SO LONG. IS IT JUST THE PROBLEM IS SO BIG. I THINK THE PROBLEM IS IMMENSE, REALLY DO. ONE DEMOCRAT SAID T M I JUST WISH THE WHITE HOUSE HAD TAK AS MUCH TIME ON HEALTH CARE AS TH HAVE TAKEN ON AFGHANISTAN IN PUTTING TGETHER THEIR PLAN. BUT THINK THAT THOSEHO HAVE ACCUSEDF DITHERING OR WHATEVER, THOSE ARE THE CRITICS. I DON'T THINK HE'S GOING TO SATISFY THEMN TUESDAY NIGHT BUTE MUST AWER HOSE AMERICANSHO ARE, FRANKLY, OPENLY SKEPTICAL AND DOUBTFUL ABOUT OUR POLICY THERE AND WHETHER THERE ISUSTIFICATION FOR MORE AMERICAN LIV, MORE AMERICAN TREASURE.

>> Woodruff: TALL ORDER, DAVID.

>> I MEAN THE REASONS, I THINK THERE HAVE BEEN CSE FOR THE DELAY. I UNDERSTA WHY HE HAS DONE IT BECAU IT IS SO COMPLICATED BUT THERE ARE CAUSE AROUND TH WORLD WHERE PELE PERCEIVE WEAKNESS A COST WITHI THE ADMINTRATION THERE A BRUTAL FIGHT WITH LOTS OF LEAKS AND COUNTERLEAKS AND A LOTF BAD FAITH. SO I THINK THERE H BEEN A SS OF SOLIDARITY WITHIN THE ADMINISTRATIONWHICH HAS BEEN A COST. NONETHESS IT IS WORTH BEUSE IT IS SOMETHING THA HAS JUST KEN A LONG TIME. I WILL SAY, WE ARE VERY SKEPTICAL. THE ONE THING TT I THINK THE REASON WERE JUST NOT GETTING OUT IS ONE IWOULD BE MOREALL ATROCI IF THE TALIBAN WERE ALLOWED TO COME BCK AND THE REGION FRAGILE AND THERE ARE 150 KES SITTING IN PACK STAGE -- PASTAN SO THAT IS ONE OF THE REASONSHY WITHIN T DIFFERENT FTIONS WITHIN THE ADMINISTRATION THRE NOBODY REALLSAYING LET'S JUST ET OUT. ME OF THOSE PEOPLE ON CAPITOL HILL BUT NOBODY WITHIN THE AMINISTRATION SO WE WILL BE ERE AT LEAST FOR AOUPLE MORE YEA IF IN LARGE NUMBER.

>> Woodruff:ET ME ASK YOU BOTH ABOUTNOTHER INTERNATIONAL MTER. BUT VERY DIFFERENTNE AND THAT IS THE CLIMATE CHANGE. CONFERENCE COMING UP IN COPENHAGEN. THE WHITE HOU ANNOUNCED THE PRESIDE WILL GO EARLY IN THE ONFERENCE. TY ANNOUNCED THEARGETS. A LITTLLESS THAN WHAT THE ADVATES OF TGHER ACTIONS HAD WANTED. HALING THE ADMINISTRATIO HANDLING OF THI

>> WELL, THE ADMINISTRATION'SHANDLING OF IT, DON'T KNOW THE 17% I KNOW IT DOESN' PLEASEANY IN WESTERN EURE, THE TARGETN THE EU HAS EN 20% CUT IN EMISSIS. THE UNITED STATES ANDA BETWEEN THEM HAVE 40% OF THE EMISSIONS IN THE WOR. THEY ARE THE TWOBIG PLAYERS. BUT I DO D THA THE PUSH FOR CLMATE CHANGE HAS LOST MOMENTUM. ANDIT'S LOST MOMENTUM AS UNELOYMENT HAS RISEN IN TH COUNTRY. AND YOU OW, THE PRESIDENT'S GING THERE BUT HIS HEALTH CARE SITS IN E WAKE. N SENATORS WHO WERE SUOSED TO BE IN COPENHAGEN HAVE CANCELLED THEIR PLANS. BECAUSE THEY HE TO BE HERE FOR THE HEAL-CARE BILL. I MEAN THIS IS PROOF THAT MOST LEADER, 90% OF THEIR PROBLEMS AR DOMESTIC. AND IN THIS CASE I THINK THIS IS PROVING IT.

>> DAVID, HOW DO YOU SEE THISCLIMATE CHANGE CHALLENGE.

>> THE TARGETS ARE NICE AND THE COP PENHAGEN IS NICE, THERE IS A DISPLAY OF SYMBOLIC REVOLVEBUT THERE ISO ACTUAL POLICY. THE C AND TRADE BILL IS IN EXTREME PIL IN THE SENATE. AND SO TH, WE MAY NOT HAVE A VEHICLE TO REIZE THESE TARGETS. ANDHEN INTERNATIONALLY, CHINA H PROPOSED THEIR TARGETS WHICH A MINIMAL. AND WHICH ALSO INLVE US PANG THEM HUNDREDS OF BILLIONS OF DOARS TO HELP THEM MEET THSE TARGETS AND THAT IS JUST FANTASY LAND. WE A NOT GOING TO BE PAYING CHINA OUR DEBTORS MONEY TO MEET THESE TARGETS. SO HE HAS THE RIGHT INTENTN. HE WANTS TOSHOW HE IS SERIOUS AND E UNITED STATES WANTS DO OMETHING. BUT WE ARE LACKING A VEHICLE, TH CAP ANDRADE BILL WICH WLL GET TO AT EARLIEST NEXTEAR AND EVEN THENT LL BE DIFFICULT.

>> ALL RIGHT, DAVID, THE STORY THAT A LOT OF PEOPLE ARE TKING ABOUT, SHING THEIR HEADS AUT, THIS VIRGINIA COULE WHO CRASHED HE WHITE HOUSE GOT INTOHE ATE DINNER. THE WHITHOUSE SAYING TONIGHTHEY DID MEET E PRESINT. IS THIS --S THISHAT REALITYV IS ALL ABOUT?

>> IT'S TAKING OVE EVERYTHING, YH, WHY NOT. IS SORT OF UDERSTANDABLE. WHEN YOU GTO THE WHITE HOUSE ON A NORMAL DAY TH TREAT YOU BAD. THEY MAKE YOSHOW THEM THEIR DRIVER'S LICENS THEY REALLY TREAT YOU BADLY BECAUSE THEY WANTO MAKE IT ABSOLUTE SECURE. WHEN YOU GO FOR A STATE DINNER THEY WANT TO MAKE IT A FESTIVEOCCASION, A SPECIAL OCCASION. THEY THINK YOU'RE BIG SHOT SO THEY DON'T TEAT YOU AS BALY AND THE SECURITY IS LESS. ESE PEOPLE SNU IN, IT IS A SIGN IF YOU HAVE ENOUGH HUZPAH YOU CAN DO ALMOST ANYTHING T I HAVE A FEELING IN THE FUTURE WILL BE MUCH HARDER.

>> Woodru: WERE YOU FISK -- FRISKED WHEN YOU WENT THE WHITE HOUSE. I WAS NOT. DAVID IS RIGHT. I'M A GREAT ADMIRER OFTHE SECRET SERVICE SERVICE. THEY HE A TERRIBLY DIFFICULT JOB. BUT THIS WAS A MAR SAFU. PEOPLE WERE QUITE BRAZEN AND ALL THE REST OFT I DO SAY ON THING THOUGH, THIS IS ONE THAT CANNOT BE BLAMED ON THE BUSH CHENEY ADMINISTRATION. AND I THINK THAT ISAIR TO SAY. AND AS A DEMOCRAT I'M HAPPY TO DECLE IT.

>> Woodruff: LA QUESTION ON THIS F BOTH OF YOUN THIS THANKSGIVING WEEKEND AND THAT, MARK, WHAT DOOU HAVE TO BE THANKL FO >>I HAVE SO MUCH TO BE THANKFUL FOR BUT I GUESS THE LAUGHTER OF A CHILD IS THE MELODY, THE MUIC OF LI AN I HAVE TWO WONDERFUL GRANDCHILDREN JACK AGE FIVE AND FRANCIS ANN AGE THREE AND THEY LAUGH AOT AND THEY KE ME VERYTHANKFUL.

>> Woodruff: CAT IMAGINE YOU SANG ANYTHING THAT LL MAKE YOUR FAMILY HAPPIER. DAVID BROOKS.

>> I'M NOT HAPPY, WILL BE IN TROUBLE WITH MY TREE KIDS BECAUSE I W THINKING THEYUST THROW THINGS A . I WAS GOI TO MAKE IT MORE GENERAL AND ABOUT TH YOUNGER GENERATION, IN GENERAL, IF YOU WANT TO FEEL DERESSED ABOUT THE COUNTRY, THINABOUT THE GOVERNMENT, BUT IF YOU WANT TO REAL RELY OPTIMISTIC ABOUT THE COUNTRY, LOOK AT PEOPLE UNDER0, THE PRIME RATE CRIME RATE DOWN, VIOLENCE RATE IS DOWN, TEENAGE PREGNANCY IS DOWN. THIS GROUP UNDE30 IS AN EXTREMELY WHOLESOME A PROMISI GENERATION. THEYRE GOING TO HAVE THE IGGEST MIDLIFE CRISIS IN HUMAN HISTORY IN TEN YEARS BUT UNTIL THENHEY REALLY ARE A SIGN AT AMERICA, IF YOU CAN GETAUGHT NEWSPAPER FEENGS OF AMERICAN DECLINE, BUT IF YOU LOOK AT HOW PEOPLE UNDER 30 ARE BEAVING, THOSE GO AWAY PRETT FAST.

>> Woodruff: VERY WELL-SPOKEN,AVID BROOK, MARK SHIELDS, HAPPY THANKIVING.

>> Woodruff: AND FALLY TONIGHT AN EORE LOOK AT A VISIT TO A FAMS STAGE AND A MUSICAL CELEBRATION. EFFREY BROWN HAS OUR STORY.

>> Brown:N A RECENT SATURDAY IN AUSTIN TEXAS OVERHE COURSE OF MANY HOURS, THE EQPMENT WAS LOADED IN A INSTRUMENTS SET . SOUND SYSTEM, LIGHTS, CAMAS WERE READY AS ODUCERS MADE LAST-MINUTE ADJUSTMES AND THEN THE BA TOOK OFF. FOR WHATTURNED OUT TOE A SPECIAL NIG FOR FANS AND THE GROUP.

>> IS ROOM HERE, IT'S LIKE DRIVING AN OLD BUICK ( APPLAUSE ) >IF YOU THINK WE'RE JUST GOIN TO PLAY MAYBE E OR TWO MORE SGS YOU'RE WRONG. THEY'RE GOING TO HAVE TO KICK US OUT.

>> Bro: INDEED THE MEMBERS OF THIS BAND, ONE OF THE RLD'S LEADING ROCK'N'ROLBANDS FOR MOST 20 YEARS HA PLAYED IN EVERY KIND OFENUE INCLUDING owép)ENAS. BUT THIS NIGHT WITH A NEW ALUM ATOP THE SALESHARTS THEY PLAYED FOR JUST 300. AN INTIMATEETTING WITH WONRFUL ACOUSTICS ON THE FAMOUS WOODEN STAGE OF BTON, PING A SHOW FOR THE PBS MUSI PROAM'S 35th ANNIVERSARY YEAR, THE LONGEST RUNNG MUSIC SERIES IN AMERICAN TELEVISION HISTY.

>> WHENT STARTED OUT, IT WAS SENTIALLY A HOME GROWN AUSTI AND TEXAS MUSIC SHOW.

>> Brown: TERRY LACONA H BEEN AT THE HE FOR ALL BUT THE RST TWO YEARS.

>> AT THE TIME THAUSTIN MUSIC SCENWAS TAKING ROOT. WILLIE NSON HAD MOVED BACK TO TEXAS FROM NASHVILLE. CLUBS WE JUST POPPING UP LIKE MUSHROOMS. AND A SCENE WAS DELOPING. SOME CALLED IT PROGRESVE COUNTRY AS A UNTERPOINTO NASHVILLE. AND NOBODY HADNY ILLUSIONS ABOUTHE SHOW LASTING MORE THAN A COUPLE OF SEASONS D THEN IT WOULD A FUN RIDE WHILE IT DID. ♪.

>> Brown: WLIE NELSON, THE OCAL HERO, WAS THE STAR OF T FIRST SHOW AND HPED DEFINE THE PRRAM. BULACONA REALIZED THAT A.C.L., THEY CALL IT HERE, HAD TO DIVERSIFY TO BUILDN AUDIENCE. OVER E YEARS THE SHOW HAS FEATURED A WIDE ARRAY OF TENT.

>> THE PRIMARY CRITEA THAT I APPLY ISRIGINALITY. I OK FOR AN ARTIST OR A BAND ORA SINGER OR A SONGWRITER OR MUSICIAN WHO ISXPRESSING THEMSEES IN A UNIQUE AND VERY ORIGINAL WAY. THROUGH THEIR MUSIC.

>> IN AN E OF OVER-THE-TOP PRODUCTION OF MTV-STYLE FAS PACED EDITS, A.C. HELD ON TO A MPLE FORMULA. PRENT THOSE ORIGINAL VOICES JUST AS IN A LIVE CCERT. THAT DREW FANS D ALSO INFLUENCETHE GENERATION OF MUSICIANS.

>> AUSTINITY LIMITS I THINK WAS PROBABLY OUR GENERATION' GRAND OLE OPRY. 'S BEEN THAT IMPORTANT TO MY MUSICAL AWARENESS D MUSICAL APPREATION.

>> ONE OF TODAY'S LEADINSTARS, WITHIN HARR, REMEMBERS WATING A.C.L.AS A KID IN SOUERN CALIFORNIA. MAKING IT THEREIMSELF HE SAYS WAA DREAM AS WAS THE WAY HE WAS TREATED. A.C.L.'S PRODUCS GIVE PERFORMERSOOM TO PUT ON THE SHOW THEY WANT.

>> NOT ONLY DO THEY GIVEOU THAT KIND OF AEEWAY WHEN YOU'RPUTTING YOUR SET TOGETHER, WHEN I'S DONE, THEY T YOU HEAR IT. EY LET YOU TAKE PART IN SON SELECTION AND ET POINTS. IT'S NOT TO THE POINT OF CENSORSHIP BUT TH'RE OPEN TO SUGSTIONS. I THINK THIS SONG WAS STRG AND THE SECONHALF WAS SONG. YOU CAN CUT IT HERE AND VE TIME. IF YOU EDITION EDIT THE THREE SONGS Y CAN GET A FOURTH SONG IN. IT'S FAMILY. IT IS. IT'S MILY. ♪ A PERFORMANCE ON A.C.L. IS EVEN ME IMPORTANT IF YOU'RE STILL WORKING TO BUILD A FOLLOWING. AN AUST-BASED MUSICIAN MADE HER FIRST APPEARANCE LAST AR.

>> CONSEQUENTLYOLKS HAVE BEEN SHING UP TO THE CLUBS WHERE WE WOULD DRAW THE SOU MAN AND HIS GIRRIEND IN AND THEY TOOK A CHANCE ON US. MOST OTHEM SAY THEY SAW US IN AUSTIN CITY LIMITS.

>> HELLO. I'M JOHNNY CASH. >>JOHNNY CASH, BEING, DIDN'T NEED A BOOST WHEN HE CE IN 1987. BUT, SAYS TERRY LACONA, BNG PART OF THIS W IMPORTANT TO HI

>> I'LL NEVER FORG-- I CAN REMEMBERT AS CLEARLY AS IF IT WERE YESTERDAY RIGHT BEFORE JOHNNY CAMEUT TO DO THE SHOW AND HE SEEMED RESTLESS. I ASKED H IF THERE WAS SOMETHING HE NEEDED. MAYBE WATER OR WHATEVR. SHOOK HIS HANDS AND SAID, N YOU KNOW,'M JUST A LITTLE ANXIOUS TO GO. SO I KN THIS IS A REAL MUSIC SHOW. I WANTO GET IT RIGHT ♪ THAT TRAIKEEPS A ROLLING ON DOWN SAN ANTO ♪

>> Brown: EARLIER TS MONTH THE RO'N'ROLL HALL OF FAME WENT FAR AS TO DESIGNE THE A.C.L. STUD ON THE CAMPUS OF THE UNIVERSITY OF TEXAS AS A HISTORIC SITE. HALL OF FAME CEOERRY STEWART.

>> IT JUST BECAME EVIDE THAT HERE'S A SW, THE LONGEST RUNNG MUSICAL SHOW IN HISTORY AND TELEVISION TT HAD CHRONLED SOME OF THE GREATEST ARTISTS THE WORLD OF WHAT WE CALL ROCK'N'ROLL EN THOUGH OTHERS MAY NOT UNDERSTAND TT THIS B TENT WE CELEBRATE AT CLEVELAND INCLUDES COUNRY, JZ, BLUES, HIP HOP, RHYTHM A BLUES. UE GRASS. THAT'WHAT THESE FOLKS HAVE BEEN DOING. > Brown: A.C.L. HAS FACED IT SHARE OF FUNDINOVER THE YEARS. IT GOT BIG BOOST IN 2002 WHEN AUSTIN CITY LIMITS THE STIVAL BEGA THE NAME WAS LICENSED TO A PRIVATE COMPA, EXPANDING THE RAND AND BRINGING IN NEW FUN. DAY THE THREE-DAY FESTIVAL H GROWN INTO ONE THE LARGEST IN THE COUNTRY. THIS YEAR 65,000 FANS A D SLOSHED AROUND ITHE MUD TO HEAR RE THAN 125 GROUPS INCLUDING THIS YR'S HEADLINER PEL JAM. AFTER REHEARSING INHE STUDIO THOUGBAND MEMBERS TOLD US THE SMALL STAGE AS MAGIC OITS OWN.

>> IT'S OBVIOUS HAVING SOU CHECK LIKE WHENER YOU PLAY A PLACE LIKE THIS AND THE SND IS OOD YOU'RE LIKE HOW WITH CANE LIKE PACGE THIS UP AND PUT IT IN AN ARENA SETTING? IT'S MUSICAL WHICH IS HE.

>> STILL THE BASE PLAYEAND THE DMMER, VETERAN ROCK STARS, D A CASE OF NERS.

>> YOU'RE IMAGININGILLIE NELSON AND ALL THOSGUYS UP HERE, Y KNOW, PLAYING SHOWS. IS PRETTY SCHOOL. LOT OF VIBES IN THIS ROOM. YOU HAVE TO BRING IT.

>> YOU'VE GOT TO BRING .

>> YOU'VE GOT BRING IT.

>> Brown: A FEHOURS LATER PEA JAM DID INDEED BRING IT. AS FOR AUSTIN CITY LIMITS ITSELF, IT'S SHAKINGHINGS UP. AFTEREXT SEASON IT MOVES TO A BRAND NETHEATER MUCH BIGGER AND UP TO DATE. BUT ITS PRODUCERS VOW, T SOUND, THE STYLAND THE SHOW WILGO ON AS ALWAYS. ♪ DID I Y THAT I NEED YOU? ♪ ♪ DID I SAY THAT WANT YOU

>> Woodruff: AGAIN, THE JOR DEVELOPMENTOF THE DAY. WORLD MARKETS WEREHROWN INTO TURML ON NEWS OF FINANCIAL TROUBLE THE PERSIAN GULF CITY-STATE OF DUBAI. AND IRAN WAS CENSURED R ITS NUCLEAR PROGM BY THE UNITED TIONS' NUCLEAR WATCH DOG AGENCY. ON NEWSHOUR.PBS.ORAN ONLINE- ONLY FEATURE TONIGHT: E STORY OF THE ELECTIONAY MASSACRE IN THPHILIPPINES THAT ILLED 57 PEOPLE. WE HAVE A PODCAST INTEIEW WITH A REPORR FOR THE INTERNATIONAL NEWS WEBSITE, GLOBAL PT. AND A CONVEATION WITH AUTHOR COLUM MCCANN, WINNER OF THE NATIONAL BOOK AWARFOR FICTION. HIS NOVEL IS SET THE DAY IN 1974HEN PHILLIPPE PETIT WALKED A HIGH WI HUNG BETWEEN THE WORLD TRADE CENTER'TWIN TOWERS N MANHATTAN. "WASHINGTOWEEK" CAN BE SEEN LATER THIS EVENING MOST PBS STATIO. 'LL SEE YOU ON-LINE AND AGAI HERE MONDAY EVENG. HAVE A NE WEEKEND. I'M JUDY WDRUFF. THANK YOU AND GOOD NIGH MAOR FUNDING FOR THE NEWSHOUR WITH JIM LEHRER IPROVIDED BY:

>> WHAT THE WRLD NEEDS NOW IS ENERGY. THE ENERGY TO GET THE ECOMY HUMMING AGAIN. THE ENERGY TO TACKLE CHALLENS LE CLIMATE CHANGE. WT IS THAT ENERGY CAME FROM A ENERGY COMPANY? EVERYDAYCHEVRON INVESTS $62 MILLION IN PEOPLE, INDEAS-- SEEKING, TEHING, BUILDING. FUELING GROWTH AROD THE WORLD TO VE US ALL AHEAD. THIS IS THE POWER OF HUMAN ENERGY. CHEVRON.

>> THIS IS THE ENGINE THAT CONNECTS ABUNDANT AIN FROM THE AMERAN HEARTLAND TO HARAN'S BEST SELLING WHOLE WHE, WHILE AND BY TOYOTA. AND MONSANTO. AN THE WILLIAM AND FLORA HEWLETT FOUNDATION, WORKG TO SOLVE SOCIALND ENVIRONMENTAL OBLEMS AT HOME AND AROUND TH WORLD. AND WITH THE ONGOINGUPPORT OF THESENSTITUTIONS AND OUNDATIONS. AND... THIS PGRAM WAS MADE POSSIBLE BY THE CORPORATION FOR PUBLIC BROADCASTING. AND BY CONTRIBUTIO TO YOUR PBS STATN FROM VIEWERS LIKE YOU. THANK YOU. Captioning sponsored by MacNEIL/LEHRER PRUCTIONS Caption by Media Access Group at WG access.wgbh.or