tv Real Money With Ali Velshi Al Jazeera August 22, 2014 5:00am-6:01am EDT
america are saying not so fast. i'm jen rodgers in for ali velshi and this is "real money." ♪ this is "real money," and you are the most important part of the show. tell us what is on your mind by tweeting and facebook. another big bank pays big for pedalling toxic assets, but banc of america's payout is the biggest yet. bofa has agreed to pay nearly $17 billion. $9.7 billion will go as straight cash, another $7 billion will go as relief to consumers in the form of loan modifications and the like. it's the biggest settlement
amount ever for a u.s. bank. it's roughly equal to the total profits for the past year. as part of the deal with federal and state agencies, b ofa admits the poor quality of the loans. it problems may not end here. but the deal with the government looks a lot like the other big settlements we see with seen lately with jpmorgan chase and others. many, but not all of the financial shenanigans that got banc of america in trouble were done by countrywide financial and merrill lynch.
both companies were in deep trouble, and with government prodding banc of america bought merrill for $50 million. it also bought countrywide for $4 billion. but bofa is still paying seven years on. >> banc of america acquired countrywide for $4 billion back in 2008 and has been paying ever since. b ofa has now paid out another $26 billion in fines and penalties since 2010 all stemming from the risky lending practices. cofounded, and based in southern california, countrywide became america's largest single-family mortgage leader. this former butcher's son lead the charge.
offering loans to people with little or even poor credit was higher risk at any mortgage company. but countrywide's lending standards were exceptionally lax. some people were allowed to purchase home with no money down. he then sold the faulty loans to investors. in 2010 the securities & exchange commission claimed fraud. he settled agreeing to a $67.5 million payment. banc of america paid $20 million of the fine. a criminal probe followed in 2011, but the justice department eventually dropped the investigation. today's settlement resolved dozens of outstanding allegations involving countrywide. but for this man the battle continues.
the the watchdog in the nation's capitol sued the justice department to try to get records of the investigation. melanie sloan is the executive director of the watchdog group and joins us from washington. what do you think of today seats - today's settlement. >> why is it angelo and nobody else ever went to jail? it seems like you can bring to the u.s. economy to the brink of collapse and yet no one has to prosecution. >> so it didn't over here as we said, you know, we are expecting there will be 11 other settlements, the government is busy still working on this. but what would you like to see
to ensure accountability for the mortgage crisis. >> well, now the statute of limits will have run on most people who could be prosecuted. but we would like to see the justice department held responsible. so crew is hoping to get ahold of some of the documents that would have shown exactly the exsent of his conduct, and then ask why he wasn't prosecuted. >> let's look at what could be in his cards. he has made a bunch of money in an sec settlement. there could be more civil charges coming for him. he thinks he is being singled out here. what do you think of that? >> certainly no one embodied the crisis like he did, but many many others ought to have been prosecuted too.
and he is just one of many who seems to have entirely escaped. these people were too big and too rich to be prosecuted. >> what do you do about that? how is this not repeated again? a lot of people in washington think they are working very hard to try to get justice for this, but you don't think it's following through. where is the disconnect? >> it's not just me that doesn't think so, the department of justice's own inspector general found that this is a low priority. i think it's a big disappointment for so many americans when we know we would be held accountable for any kind of fraud, and yet we have these people who are bringing the american economy to the brink of
collapse and escaping any fines. >> what is too big to prosecute? what do you mean by that? why do you think they are too big to prosecute? >> obviously these cases are very, very complex, and it's far easier for the justice department to prosecute drug dealers than these complex transitions. but if we want to provide a real disincentive to this kind of conduct in the future, we're going to have to see people go to jail. fines, really, for most of these banks are not significant to them. they will go on and continue on engaging in risky kind of behavior, and then they will just pay a fine later for it. >> given what you know about the case, and there could be further charges for this man, do you think that something will stick? >> right now, they are only
talking about a civil case against mr. mazillo. so my guess is he will engage in some sort of settlement. >> all right. melanie sloan joining us from washington, d.c. well just a couple of decades ago, ferguson, missouri was a thrivering middle class suburb, we'll looked at what changed before the racial crisis that grips the city now. that and more as "real money" continues. keep it here. ♪ >> saturday on "tech know". >> i cannot imagine being trapped in ruble like this. >> a miraculous new invention. >> this if finder... it's a victim detection radar. >> that could save your life. >> as long as your heart is
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>> order seems to have been restored to the streets of ferguson, missouri. that has prompted the missouri's governor to withdraw the national guard from the area. but last night was the quietest night since the arrests began. police said they only arrested six compared to 46 the night before. meanwhile the grand jury has begin to determine whether the police officer who shot michael brown should be charged with a crime. and demonstrators have been calling on the prosecutor handling the investigation to step down. latest. >> good evening, you can see behind me the streets are very calm as the sun is going down in ferguson. also police units starting to arrive, awaiting the protesters that will come out tonight.
it's about 95 degrees as we speak right now, and humid, very hot, but you can see the boarded up windows of some of the local businesses across the street from me. there's even entrepreneurs, selling t-shirts in honor and respect of 18-year-old mike brown who was shot and killed just two blocks away, actually right down the street here. the national guard are on their way out. by my count there's about six or seven vehicles there still, and they are packing up and leaving. and the country pos cuter under a lot of pressure to get off of the case. his father was a police officer and was shot and killed in the call of duty out on the street by a black man, so a lot of the people here think that perhaps he has a bias, and that he will not have the amount of evidence
that the grand jury needs to take a look at to make a decision, and we're also told that that grand jury will end their decision making sometime in october. so a long time coming. we'll see whether the protesters decide to take to the streets for that long. but tonight, police are out, we're not sure how many protesters will be here, but if it's as peaceful as last night, i guess that's a good thing. >> when you look at the numbers of what you lapped two nights ago, and what is happening this night. you are there talking to people. do you get a sense at all of what we can expect tonight? >> reporter: i -- my sense is truly that we will get peace tonight. i think we'll probably have a couple hundred people to come out. last night there was a few hundred and these terrible storms came in and everyone had to leave. but i'm guessing we'll have a couple hundred out here tonight. a lot of this peace has come from the elders in the community.
a lot of the religious folks that the police spoke to and said if you could, come out here and walk with these youth and tell them to sort of simmer down and talk respectfully to everyone. and that seems to have been happening the last couple of days. so if the leaders come out tonight i'm expecting peace, if they don't make their way out, you never know. there is always a bad apple in the crowd. >> thank you so much. the anger hasn't been limited to ferguson. people across the country are expected to take to the streets to protest the shooting. it's the nationwide day of rage being organized by anonymous. demonstrations are expected to take place in some 40 cities including los angeles where jennifer london is standing by jennifer? >> reporter: well, i can tell you expectations so far not
being met here at this park in south l.a. this so-called day of rage was scheduled to begin about 15 minutes ago, and we have a handful of park goers here and i counted four people that tell me they are here for this protest. we have been out here for a couple of hours, and spoke to one gentlemen about an hour ago, and he said he was just here to enjoy the park and didn't know there was a scheduled protest. and then we saw an l.a. police officer come through, and he spoke to them and they said they were here for the protest that was scheduled and they were also doing routine patrols. this time last week at this same park, there was a gathering of around 200 people, and they were here to protest the shooting death of michael brown in ferguson, and they were coming together for a national moment
of silence, and talking about the racial discrimination they say they all feel throughout the country. the protest, though, remained very peaceful, jen. it was passionate but peaceful. but as far as this rally is concerned, so far we're now about 17 minutes past when it was supposed to gather, there really isn't much of a rally here. >> all right. jennifer london in los angeles. thanks so much. during his visit to ferguson yesterday, eric holder said he experienced racial profiling by police in his past. it is a situation that faces many middle class black residents in ferguson on a daily basis according to this man. norm there has been a lot of talk about poverty in ferguson. but how big is the middle class presence there? >> the poverty -- the population
that is experiencing poverty or at the pofferty line is about 30% of the community. so we're talking about 70% of the community remains fairly vibrant and middle class. >> how has ferguson changed in the last few decades? in >> some of what has happened is that -- as the cities have gotten rid of large scale housing projects and begun to depopulate, initially those -- these suburbs outside of cities were -- and in st. louis in particular, were home to middle class families who were moving out to get the same things, they were pursuing the american dream. but as the housing projects began to be knocked down, and door residents who lived in those projects needed homes, they began to be shuffled out into the -- more suburban enclave.
so places where middle class african-americans were living, where -- middle class african-americans were living they are -- were slowly becoming populated by a -- a -- a population that was renting. they weren't owning the homes. >> right. and that is what has been happening in ferguson, right? >> exactly. >> what problems then -- given that transition, but also given that there is a large middle class. what problems are african-americans in that middle class in ferguson -- what kind of changes are they facing? >> i think they are confronted in part because you have the kinds of problems that are associated with poverty in those enclaves where poorer residents are living, and that includes crime and violence, gang activity, which means that police are beginning to respond to that behavior, but the middle class kids living in
those communities don't look any different. who police are stopping kids on the street, and stopping not only the kids that are active in gangs and maybe drug activity, they are stopping kids from families that are trying to do the right thing. >> so what is the knock-on effect of that, if you have both of these communities together, the police are heavily -- i mean in some cases people say they are overpolicing, and as you say they are having a tough time sorting out. so what does that mean for the middle class? >> i think it becomes uncomfortable. it becomes tense at best. it makes the way people see their community change. it has had an effect on loans to those -- you know, so the kind of money that is being invested in those communities. and it makes it really difficult for the community to grow.
>> so when you see what is happening there right now, and given what you know about it, what do you think are any solutions that can be implemented for what is going on in the community, especially when you look at this large middle class population that you say is uncomfortable? >> well, the work i have been doing is to try to support those communities that are experiencing that disadvantaged economic and social situation. they need strengthening in terms of empowerment; there needs to be resources provided to them so they can begin to get a footing. in the last two decades as a result of the changes in welfare policy, there are people who are moving more and more into a spiral of poverty, because there aren't any resources available. >> norm white thank you for
bringing your resources and telling us about this. st. louis university, norm white. driving in circles searching for a park spot. some app developers say there is a better way to -- find one, but some cities are standing in the way. that and more coming up. >> al jazeera america presents: >> smile and look at the camera. >> edge of eighteen >> i thought grades would get me into college. >> the tough realities >> the bullying became too much to take for me. >> my parents basically hated each other. >> facing our kids >> that's not how life works, apparently. >> look what i have for you... you can't have it. >> i'm not giving up - my father can't take those dreams away from me. >> dreaming big >> i've got to get into at least one of these top schools... there's no way i can't. >> i would like to run for president of the united states. >> confronting fears
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ask any driver in a big city about their biggest headaches and parking has got to be high on the list. a number of technology companies are trying to change that, but some are landing in the cross hairs of controversy, and boston is the latest. an app maker introduced an app to allow drivers to sell out parking spots with other users. boston passed an ordinance that
effectively bans the app. mary snow has more. >> parking in my neighborhood is tough, and i know the street spot i have right now is in high demand -- >> reporter: app developer haystack sees dollar signs on city streets. use its app to alert drivers that you are leaving your parking lot, and get $3 to save it for another haystack user. haystack gets $0.50. boston put the breaks on haystack and others like it, saying parking spots are on public space. in june san francisco issued a cease and desist order to monkey parking. san francisco drivers also face a $300 fine for violating the city's order. start up suite and park moto
operating. >> can you think of any other public asset that is so mismanaged and just left to take care of itself and that's why these app developers come in and mismanagement. >> reporter: the professor blames cities for not charging more for parking spaces during peak demand. >> cities ought to think the way an app developer thinks and say how can i use this new technology to finance better blocks? >> reporter: one thing seems certain, there's opportunity in parking. mary snow, al jazeera. the apps in boston and san francisco, focus on users swapping out park spaces, but there are a number of other companies around the country
using technology that helps drivers pay for parking or pell .them find spots. this raises a question of public property versus intellectual property. and we're getting both sides tonight. we have the founder and ceo of haystack technologies. and eric you say it's information. the city says you are selling the public spot. but you are profitting off of something we all have the right to, to park, right? >> it's a social parking community that allows neighbors to exchange information, and neighbors have every right to exchange that information, and if we can help make this inefficient system a little bit more efficient, then that's a good thing for those individuals and cities. >> critics say you are creating an inherently unfair system. what if you don't have a smartphone or your battery ran out.
what if people started driving an hour in just to park by fenway, and then they can sell that spot for a lot? you can kind of changing the rules of the game, right? >> we're just making a really bad game simpler. and haystack is only an option, and by the way, a lot of folks have smart phones today and cities across the country and world are experimenting with different ways that gives advantages to those with smartphones, including the city of boston. it helps people know where these spots are, and before there was no solution to do that. >> what do you think about critics that also talk about distracted driving? i am so frustrated after driving and looking for a spot for ten minutes and then i'm looking at your app? >> that concern is a stretch,
and we certainly heard our earful of that to city councillors. but compare it to the current system. we have all sorts of clever ways to try to identify if someone is leaving a spot. people are rubber necking left and right, it's incredibly unsafe. haystack is much safer than that, and we have developed a one-touch solution that matches users. it's as simple as easy to use as a gps, so those hypothetical concerns are unfounded. >> all right. what is next for you? are you going to try to keep working in boston? go to other cities? what is your plan? >> parking is a huge issue. and we need to work together on a collaborative basis to find a solution that can work. so we have offered to work with the city of boston. we would love to work with the
office of new urban mechanics to find an approach they can get behind and support. and right now, jen, we're focused on building up our parking community as strong as we can. >> all right. thank you. now we're going to be joined by matt o'malley, a city councillor in boston. so eric and you agree on one thing, parking in boston is a really big problem, and i know because i have been there and it's a real pain. so couldn't technology make this easier. >> it could. and thank you for having us on to discuss this issue. we should celebrate and value the innovation technology. i support it. i want to see it grow as a public official, as a consumer, i take advantage of it.
if you look at something like uber, or lift, or air b&b, you are talking about private services. my contention with haystack is you have a private individual utility. >> if no one made money off of it, would it be okay? if everybody were just alerted people that there were a spot, would that be fine? >> i think theoretically, and that may be a way we could go. i think there is still some inherent unfairness if someone doesn't have a smartphone, then it certainly could create issues. one suggestion i had for eric is look at private parking garages, as perhaps a conversation that during peak times spaces could open up. and if someone wanted to rent out their driveway -- >> there is an app for that one, matt.
we're too late to the game. >> then that's the innovation we should celebrate. >> one thing, though, in the piece -- we just looked at how bad parking is, and cities mismanage it all the time. is there something you guys can do in city government to make it better? should be there surge pricing on meters? >> i think that's something that i am open to. one thing that our former mayor and our current mayor have taken advantage of is the office of new urban mechanics. several weeks ago there was a hackathon. we have one of the most widely used apps to deal with constituent services, but it's part of a larger conversation that we should be having. and boston has a great thriving bike-sharing program. we need to get more people using the public transit, and look at
ways to have multimodal transportation for everyone. >> you're not anti-innovation. >> no, i'm anti-dumb inknow vagus, with all due respect to eric, that's what i see this as. we voted unanimously on this yesterday. you ought not profit on a public re source like a roadway or parking spot for private personal gain. >> all right. hopefully you and eric can figure something out here. thanks so much. >> thanks. ups is the latest company hit by a data breach. a spokeswoman says the information includes credit and debit card numbers. about 100,000 transactions from january to august 11th could be
affected. the company isn't aware of any actual fraud related to the breach. up next we'll tell you why afest in a sleepy mountain resort has become so important. ♪ >> al jazeera america presents borderland's dramatic conclusion >> no one's prepared for this journey. >> our teams experience the heart breaking desperation >> we're all following stories of people that have died in the desert. >> and the importance... >> experiencing it, has changed me completely... >> of the lives that were lost in the desert >> this is the most dangerous part of your trip... >> an emotional finale you can't miss... >> we got be here to tell the story. >> the final journey borderland continues... only on al jazeera america
>> put authority and power in the hands of the people in that school >> every saturday join us for exclusive, revealing, and surprising talks with the most interesting people of our time. >> talk to al jazeera only on al jazeera america >> i'm joie chen, i'm the host of america tonight, we're revolutionary because we're going back to doing best of storytelling. we have an ouportunity to really reach out and really talk to voices that we haven't heard before... i think al jazeera america is a watershed moment for american journalism it's one of the most coveted, hard to score invitations of the summer if you an economist or central banker. it's the annual meeting in jackson hole, wyoming. patricia sabga explains why it is such a big
deal. the kansas fed moved its annual symposium to jackson hole, wyoming in 1982 to lure paul voelker, an avid fly fisher to at tent. it was an elite forum for scholars, finance ministers, and others to address issues. the conference has marked major milestones in monetary and world history, such as 1990 which witnessed an unprecedented gathering of western and eastern block central bankers tasked with navigating from state market to free-market economies. jackson hole has always played host to many, such as india's central bank head. he warned that the financial
innovations most in the audience, including then fed chair alan greenspan were making the financial system safer were actually causing a financial meltdown. three years later, he was proved right. in the wake of the 2008 financial crisis, the annual meeting was ceased upon by ben bernanke to signal significant shifts of monetary policy including asset purchases which helped balloon the fed's balance sheet to $4.4 trillion. there year it hosts janet yellen, and gauging the strength of the u.s. labor market, a discussion that could see passions run as high as the
backdrop of this powerful gathering. patricia sabga, al jazeera. this issian net's yellen's first appearance to the conference this jackson hole. market watchers are going to be playing close attention to every word, right, chris? especially interest rates. labor is the theme, though. a lot of people think unemployment rate. but she is going to talk about a lot more, right? >> yeah. for years we looked at basically the unemployment rate to tell us the health of the market, but now there's more retired folks and more folks working part-time, so she has to look another a wider range of numbers now. and hopefully tomorrow she's picture. >> so people will be looking at what she is saying about labor to find out what she is really saying about interest rates. >> absolutely.
she is concerned with both inflation and getting to full employment. so she will raise interest rates once she has decided we're getting closer to full employment. so if she gives us some indication of what that means that will give us an idea about interest rates. >> what are people thinking about this? how much will she show her hand? will there be any change in the policies out there? >> i think it's unlikely there are any big announcements tomorrow. usually as we have seen, this is not the place for big announcements. it was -- >> a couple of time >> -- in 2010 and 2012, but she probably wants to save the big announcements for a fed meeting or press conference that she has. >> it's kind of interesting, because now we actually have press conferences. we see the fed chief on tv answering questions in ways that we didn't before.
has that had any impact on how is? >> i think so, because now the market has all different kinds of data about what the fed chief is thinking and what she is going to do. so i think now that she is speaking so much more to the public, it's even more difficult for the market to really understand what she is going to do. so this will be another piece of data in a larger tabloid that she is presenting. >> one of the interesting things about jackson hole is it's probably not so important what they are saying that we get to hear, it's what they are saying to each other on the hiking trails or at dinner. so what do you think those year? >> absolutely. this is one of the times of the year where central bankers from all over the world get together and talk about these issues that they think about. so they may be talking about some of these things, and so really that is the important
aspect of this. it's sort of what they say behind closed doors. >> i always talked about the jackson hole rally. that we would see the market rise because of this. do you think that's done? >> i think there is a chance for the market to rally. we saw some members itching to raise rates. and i think janet yellen might reassure markets a little bit that stimulus is here to stay for a little while longer. >> all right. it will be interesting. chris matthews thanks so much. the housing market is picking up after a rough start this year. sales of previously owned homes rose 2.4% in july compared to june. an especially encouraging sign was fewer sales involved short sales of distressed properties.
july sales were down more than 4% from the same time last year that's when sales peaked before rising mortgage rates started to slow down the momentum. the housing market here may be showing signs of improvement, but if you are looking for real deals, you might want to consider sicily. there are hill top homes with asking prices below $1.50. claudia has more. >> reporter: this is officially one of italy's most beautiful medieval towns. perched on a hill in the middle of sicily, the village boasts long-standing traditions and sprawling views of the countryside below. but even more appealing perhaps is the price of some of the houses on sale. one euro, or just a little over a dollar. the town's mayor says there is a catch.
if you buy one of these derelict properties, you will have to guarantee that you will restore it. >> translator: these are houses left behind by those who immigrat immigrated. now we have people from india, china, england, france, and of course, italy interested in them. but the owners still need to pay for the restoration, and they are not allowed to bring in their own bricklayers, so it's force. >> over 700 potential buyers have expressed interest in the scheme. among them are these two australians. they looked another the house looked abandoned for years after their owners passed away? it's on the market for one euro, restore. >> you couldn't buy a car park in australia for $35,000. for someone like me this is an opportunity to use some funds
which might be more realistic to acquire a lost home and hopefully create a place that i family. >> reporter: if successful all of the towns across italy may follow the example and hope to rebuild their local economies one brick at a time. up next, the california drought persists and farmer's grow desperate. stay with us as "real money" continues.
underway in california. only this time prospectors are digging for something even more precious than gold, water. the drought in the west is leading to desperate measures and the search is taking farmers deeper and deeper underground. >> reporter: dead prematurely, an entire almond orchard. >> they are actually choosing to kill trees, pull out trees from the root base so they can have enough ground water for other actions of their farm, because they don't have enough water to go all the way around. >> everything looks good. check the crop. >> reporter: with seasonal crops like strawberries or lettuce, farmers can choose not to plant when there is a drought, but they can't do that with trees.
but now jay must dig super wells, reaching 2,000 feet deep, that's longer than the empire state building. >> this is the only control that we have in our toolbox right now. >> reporter: almost every farmer in the area has decided to drill more and deeper in order to reach previously untapped ground water right below us. until now farmers have drilled wells of a few hundred feet, but that water has run out. and the next option is to go down, past a thick layer of clay that separates the ground water from the deeper ancient aquifer. farmers like this man are pulling water faster than aquifers can recharge. that means in some places the ground is actually sinking. he admits it's a short-term solution producing long-term damage, but doesn't know what else to do.
>> what we should do or what will be here for the future of my kids or my grandkids. i would love for the operation to continue. we have built it up from where my dad, and grandfather and great grandfather have built up. >> reporter: critics say the regulators need to step in. california is enduring its third-driest year on record, and demand for water is at an all-time high. the amount of water has dwindled to levels never seen before. a recent report says the economic costs to the state could reach $2.2 billion this year, and affect up to 17,000 jobs
statewide. richard, coauthored the report and joins us now from sacramento. in this report that we just saw, it is so striking where the farmer says he doesn't know what else to do than to drill these wells. given what is happening with surface water, going after the ground water doesn't seem like a long-term solution, but what can california do? >> good evening, jen. california can do what several other western states have done, and that is turn ground water into a sensibly managed commodity. i.e., farmers need to balance the water in good times and bad. >> and do you think that that is a solution that we will see happen in california? is that realistic that it will this? >> there's no question that it
will have to happen. for instance, orange county has managed its ground water for 30 years, very successfully because they were threatened with the sea water coming into their aquifer. >> let's talk about some of the crop switching that is going on and if this is helpful to have it happen? what are you seeing come out, and what is going in? >> crop switching is a sensible thing for all farmers to do, and they are taking out those crops which give them less returns, and replacing them with -- to keep their high value, nut crops are going. >> like what are those? is that like almonds? high? >> almonds, pistachios, citrus, grapes, lettuce, melons, on we go. there's a list of -- of 40 crops
grown in this state, and it's what you find on your salad bar. >> california is the bread basket of the country and the world in some places. what is getting lost, though? we have got -- california dropped 34% last year from their acreage decaded to corn? is that a concern or a problem we have farmers chasing after what is most profitable? >> no, it's a good idea. and corn is not a big deal. i mean corn is dominated by the midwest, and they are having such a good year that the price of corn is going down at the minute, and therefore, animal feed is getting cheaper. >> you have looked at the loss of economic activity for this year. $2.2 billion. but if this drought continues, how bad could it get? >> it could get significantly
worse. there is a 36% chance of a dry or drier year next year. that means less water, and a lot dry. >> all right. richard joining us from the university of california at davis. thanks so much. >> thank you, jen. it's the end of an era for an ironic american treat. plus opportunity knocks for a young little league star. too bad she can't answer the door. we'll explain. ♪ >> it's a chilling and draconian sentence... it simply cannot stand. >> its disgraceful... the only crime they really committed is journalism... >> they are truth seekers... >> all they really wanna do is find out what's happening, so they can tell
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down the street >> with militarized police departments >> forces their message... >> they're actually firing canisters of gas... >> a fractured community demands answers >> what do we want? >> justice! >> when do we want it? >> now! >> faul lines, al jazeera america's hard hitting... >> there blocking the door... >> ground breaking... >> truth seeking... >> we have to get out of here... award winning investigative documentary series... special episode ferguson: city under siege only on al jazeera america
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♪ >> announcer: this is al jazeera. ♪ hello and welcome to the al jazeera news hour and i'm at headquarters in doha and coming up, in 60 minutes air strikes hit gaza again as they execute 11 men suspected of collaborating with israel. kurdish forces in iraq continue to advance against islamic state fighters as the u.s. says the group is the biggest threat for years. a russian aid convow reportedly crosses into eastern