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AMERICAN MORNING

Headlines Making News 'Over There'

Aired December 5, 2003 - 07:53   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

JACK CAFFERTY, CNN ANCHOR: Fridays, we usually go across the pond and check in with my pal, Richard Quest, "Over There." But he's over here this week, so we don't have to do that.
Nice to see.

RICHARD QUEST, CNN CORRESPONDENT: Good morning.

CAFFERTY: Yes, I guess your passport's still current. How did you get in the country?

QUEST: With difficulty.

CAFFERTY: Yes.

QUEST: You say potato; I say potato. Or maybe the other way around. You say tomato; I say tomato. But the key point is we've got to all keep it simple.

CAFFERTY: OK.

QUEST: Keep it English. And the plain English awards have just been given out. Those who don't use gobbledy (ph) gook or jargon or anything like that. And guess what?

CAFFERTY: What?

QUEST: Your own U.S. secretary of defense has won the award for...

CAFFERTY: Rummy (ph)?

QUEST: Rummy (ph) has won the award for foot in the mouth. Now, I'm going to read what he said, and then we're going to hear how he said it.

CAFFERTY: OK.

QUEST: All right. "Reports that say that something has happened that's always interesting to me, because we know there are known unknowns. There are things we know that we don't know. We know there are known unknowns. That is to say we know there are some things we don't know, but there are also unknown knowns, the ones we don't know we know."

This is how he said it.

(BEGIN VIDEO CLIP)

DONALD RUMSELD, DEFENSE SECRETARY: The message is that there are known knowns. There are things we know that we know. There are known unknowns. That is to say there are things that we now know we don't know.

(END VIDEO CLIP)

CAFFERTY: Hey, you know, you know, he may run for higher office one day.

QUEST: Another politician who got the runner-up award in the plain English campaign, none other than your own Arnold Schwarzenegger from California, governor indeed. He said, "I think that gay marriage is something that should be between a man and a woman."

CAFFERTY: He's the governor of the fifth largest economy in the world. Does that frighten you at all?

QUEST: Well, we've also got an English politician.

CAFFERTY: It should. Oh, OK.

QUEST: An English politician, Chris Patton (ph), former last governor general, in fact, of Hong Kong. He said, "Having committed political suicide, the conservative party is now living to regret it."

CAFFERTY: There you go. All right, on to Christmas shopping, which we were talking about a little earlier on the program. You've devised a formula for buying the perfect Christmas gift. Please share that with us.

QUEST: Right. If you've got to buy all those Christmas presents and you don't know how to go about doing it, this is the formula that will help you succeed. There you are. X equals -- well, look, you can see what it is. Let me tell you what they are. A is the level of planning, the sequence of stores. B is the number of shopping births. The number of presents needed is C. F is the key one. F is the stress factor -- things like naughty kids, bad weather and all those sorts of things. If you put it all together, you end up with some wonderful Christmas shopping gifts. Look at this.

CAFFERTY: That's lovely.

QUEST: I put the formula together. This is the Marilyn tie. This is for, Jack.

CAFFERTY: That's Marilyn Monroe.

QUEST: Absolutely.

(CROSSTALK)

SOLEDAD O'BRIEN, CNN ANCHOR: I think it's polyester, actually.

ANDERSON COOPER, CNN ANCHOR: Is it? Wow! QUEST: Well, come on, budgets are tight now. We're Time Warner, remember. Here we go. That is...

O'BRIEN: It looks like...

COOPER: Wow! Now, that's goat.

CAFFERTY: Are you going to expense this stuff when you get back to CNN in London?

QUEST: Now, the best of...

(CROSSTALK)

O'BRIEN: I love it. Thank you, Richard.

CAFFERTY: That's cute actually on you.

QUEST: Best of all, using the Quest-patented formula, PC cap. Guess who gets this one?

CAFFERTY: Oh, that's fine. Is this how it goes? It's too small, I can tell you that right now.

QUEST: Well, believe me, I can take any program down market quicker than anybody else. Just look at the results.

CAFFERTY: We're really glad you stopped by.

O'BRIEN: Thank you.

CAFFERTY: Thank you, Richard.

O'BRIEN: I love my present, Richard. We appreciate it. Thanks, Richard.

CAFFERTY: We're all under arrest.

O'BRIEN: Nice to see you over here for a change. Thanks.

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