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Penn State Coach to Resign; Herman Cain Gets Defiant; Stocks Plummet on Europe Fears; Washington Out of Whack; Trailblazer in Male- Dominated Field; Greece Debt Crisis; Stocks Take A Tumble; How to Speak Money; Lockdown at Campbell University; Alaska "Superstorm"; Air Rhino

Aired November 09, 2011 - 14:00   ET

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

DON LEMON, CNN ANCHOR: I'm Don Lemon. Brooke is off.

Let's get you caught up on everything making news this hour, and we're going to do it "Rapid Fire," so let's go.

There is a big stock sell-off going on right now on Wall Street. The Dow is down 345 points. It's dropped more than 100 points in the last hour, down 345 points, now 346.

Here's why those stocks are sinking at the moment. Italy could be the latest eurozone country facing default. The country's scandal-plagued prime minister says he will resign. And here's a number for you. Italy's debt is nearly six times bigger than that of Greece. Some analysts say it absolutely is debt that is too big to fail.

Now to Greece. Its prime minister there set to turn in his resignation at any minute now. George Papandreou is at the presidential palace now and says a new interim government will need to take on the severe spending cuts necessary to pull Greece outs of the debt crisis.

In other news, legendary Penn State football coach Joe Paterno says he will retire at the end of the season. This comes as his former assistant coach, Jerry Sandusky, is charged with several counts of child rape.

Paterno released this statement: This is a tragedy. It is one of the great sorrows of my life. With the benefit of hindsight, I wish I had done more."

Well, coming up in less than 10 minutes here on CNN, we're going to hear from some current Penn State football players.

Imagine that. That is Alaska's West Coast. It is getting slammed by a pre-winter storm. Top winds have hit hurricane force, 100 miles an hour. Now, sea levels have risen eight to 10 feet, and sea ice is being pushed onto shore.

Coming up this hour, we're going to talk to a fisherman in the Bering Sea that just battled that storm. We're going to talk to him.

An incredible video out of London today to show you. Nearly two dozen students are arrested during a protest over tuition fee increases.

We should tell you, London's Metropolitan Police sent out 4,000 officers to help keep the peace.

A major recall for Toyota and Lexus owners. Here is what is at issue, a potential defect affecting the power steering.

The recall covers vehicles built from 2004 to 2006 with V6 engines. Owners should contact their dealers for more details.

The Motion Picture Academy scrambling right now to find a host and a producer for next year's Oscar telecast. Just moments ago, we learned Eddie Murphy is bowing out. This follows the departure of his creative partner, Brett Ratner. Ratner stepped down yesterday following an uproar over an anti-gay slur he used during a question- and-answer session for his new movie, "Tower Heist." Ratner issued a statement apologizing to everyone he has hurt and offended.

(MUSIC)

LEMON: Well, that's Heavy D right there. The hip-hop icon has died. The 44-year-old rapper collapsed at his Beverly Hills home Tuesday morning. According to police, he was having difficulty breathing. Heavy D's music and acting career span more than two decades.

There's no word yet what caused his death. We're checking on that for you.

We've got a lot more to cover in the next two hours. Watch.

(BEGIN VIDEOTAPE)

LEMON (voice-over): Penn State's head coach retiring by the end of the season. This, after one of his former assistant football coaches is charged with several counts of child rape. We talk to former Penn State player Rich Mauti about the fall of a legend.

Also, from Occupy Wall Street to the Tea Party, there is a feeling in America that the system is out of whack. What will it take to put power back in the hands of the people, the 99 percent? We ask the poster boy for a corrupt system, former high-rolling lobbyist Jack Abramoff. He is live on CNN.

Plus, men in their 60s and 70s accused of plotting to attack the United States government.

UNIDENTIFIED FEMALE: This wasn't just talk. They had taken real steps toward carrying out their plans.

LEMON: We're talking about homegrown terrorism. These men, they're from the state of Georgia.

Also, Prince William is wrapped up in the British phone-hacking scandal. Now there's word that his own personal cell phone was hacked.

And brand new video of that amazing rhino rescue in Africa. The animals were lifted out blindfolded and upside down.

(END VIDEOTAPE)

(COMMERCIAL BREAK)

LEMON: Now, the big story today, Penn State coach Joe Paterno announced today he will quit at the end of the season, but that won't be enough for folks who say it's time to hang up the cleats immediately because of the sex abuse charges surrounding a former top assistant, Jerry Sandusky, who continued to make use of the Penn State football facilities. The scandal is prompting a lot of people to say that Paterno should give it up right now.

Steve Politi, "New Jersey Star-Ledger," says, "Paterno cannot coach this game on Saturday." And Mark Bradley, "Atlanta Journal- Constitution," says, "Paterno cannot be allowed to lead Penn State on the field."

This is not just any Joe we are talking about here. Joe Paterno, "Joe Pa" they called him, 1986 Sportsman of the Year, as bestowed by none other than "Sports Illustrated," he is the winningest coach in college football history, 46 seasons at Penn State, 409 career wins, and two national titles. The man is truly a legend, and the scandal seems enough to make a grown man cry.

Here's Matt Millen. He's a former Penn State linebacker.

(BEGIN VIDEO CLIP)

MATT MILLEN, FMR. PENN STATE PLAYER: We all have our own opinions. I have some really strong opinions. I shared them with you this morning. And to be honest with you, and you can probably hear it, and I apologize to you, I get mad. And it's pretty disturbing.

UNIDENTIFIED FEMALE: It is. It's a program. It's like family for you, Matt, and, you know, I think we all understand that.

MILLEN: Yes. It just makes you sick to see that this could happen to this level.

(END VIDEO CLIP)

LEMON: So Matt Millen says he is angry. You can hear it in his voice, you can see it in his face. But a lot of Penn State faithful are sticking by Joe Paterno.

He was mobbed last night by supporters after canceling a scheduled news conference.

Want to go now to CNN's Jason Carroll, covering this story since the very beginning. He is standing by for us in University Park, Pennsylvania. He has just talked with some Penn State players.

And what are they to you? What's Penn State saying?

JASON CARROLL, CNN CORRESPONDENT: Well, the Penn State players that we spoke to, Don, basically tell me that they feel as though Paterno made the right decision for himself, the right decision for the team, and they trust that he also made the right decision for the university.

Having said that, they still support this man. As you can imagine, they looked up to him. They felt as though he was doing a good job.

And I wanted to get a sense of how they felt about his coming down to them and telling them after all that he has done for the school, that to have this type of crisis, and to have to resign after such an illustrious career, he made that announcement just around 11:00. Listen to what some of the players had to say about it.

(BEGIN VIDEO CLIP)

KEVIN HAPLEA, PENN STATE TIGHT END: I think that in his heart, he thinks he made the right decision, and he has been doing his thing for so many years, and we're not going to question any decision he makes. We have been behind him the whole time. And he is doing what he believes is best for the program, for us, his staff, and Penn State. So we are just really happy that he is just doing what he believes is right in his heart, and we're going to support him.

ALEX BUTTERWORTH, PENN STATE PLAYER: I think as long as he's been here, he hasn't really ever made a wrong decision. He knows what he's doing, he's been doing it for so long. And if he thinks it's best for the program, chances are it's going to be the best thing for the program.

(END VIDEO CLIP)

CARROLL: Don, those players telling me when Paterno came down and made that announcement, they said he was emotional. Many of the players, some 150 players who were there for that meeting this afternoon, they said they looked around, and everyone was pretty much teary-eyed when it happened. A very big disappointment, at last from the players' perspective, here at Penn State -- Don.

LEMON: What about Jerry Sandusky? What about his status right now? And what are people saying about him, Jason?

CARROLL: Well, as you know, Don, Sandusky right now is out on $100,000 bail. A very big difference when you talk about that man to some of these players.

A lot of the players that I spoke to said that they knew Sandusky, had worked out with him, found some of the charges hard to believe. I want you to listen to the reaction about what has happened with Sandusky.

(BEGIN VIDEO CLIP)

CARROLL: Finally, Jerry Sandusky, obviously you have heard that name floating around. Did you know him? And if so, your thought about the allegations? BUTTERWORTH: The same as -- I knew him, I talked to him a few times in the weight room. He floated around the building a few times, and we would all see him. And, you know, I thought he was always the nicest guy. He was always really, really nice.

He seemed really, really sincere. So when I heard the news, it was obviously really shocking.

(END VIDEO CLIP)

CARROLL: So you can imagine, Don, what this has been like for these young men, to have to deal with this type of thing happening to them, hearing -- looking at these men for so many years, men that they looked up to, men that they respected, and to have something like this happen, it's really been a life lesson for them -- Don.

LEMON: Have you heard anyone there, Jason, saying that Joe Paterno should not coach at all for the rest of the year?

CARROLL: Oh, absolutely. I mean, even though you see these people who show up at his house and support him, and the players support him for obvious reasons, on the flip side of that, most definitely, there are a number of students here who have spoken out against him. And not just students, but also people in the community as well.

And I think that went from initial support, to shock, to a feeling of betrayal in some sense. I mean, this is a man who so many people here looked up to for so long. And so I really think is there a sense of betrayal as well.

And Don, not just with the coach, but also with the president of Penn State, Graham Spanier. A lot of people saying that the buck ultimately really stops with him -- Don.

LEMON: Jason Carroll.

Jason, thank you very much for this story. Much more to come on this.

Want to get a clearer perspective on this from someone who knows the people involved.

Joining me now from New Orleans is former Penn State player Rich Malty. He played under Joe Paterno and Jerry Sandusky back in the mid '70s. His son plays for Penn State now.

So thank you for joining us.

How did you get news of these incidents involving Sandusky? Had you gotten wind of them? Had it been talked about? Did people know about it? Or were you surprised when you found out?

RICH MAUTI, FMR. PENN STATE RECEIVER: Well -- hey, Don, thank you for having me on.

I want to make one thing perfectly clear right from the get-go of this thing. This is a gut-wrenching experience, an incident that has occurred, and the victims and the families of the victims, I grieve for them.

And I watched Matt Millen. I played with Matt Millen, and I watched his interview. It's disgusting, and we can't ever lose sight of the victims that have been involved in this thing. And I just want to make sure that that's clear up front.

You know, there were rumors around about three years ago when he was asked to step down from the foundation that he started, and I think at that time, rumors have a tendency to take on their own life.

LEMON: So, Rich, let's go slowly here. As you said, there were rumors going around about three years ago. What were the rumors that you heard?

MAUTI: That there were some incidents, that, you know, maybe there was some inappropriate things going on. I don't know any details. At that time, there were no details. He stepped down --

(CROSSTALK)

LEMON: But people talk.

MAUTI: Right. It's a small town. Everybody in State College probably had their information thrown around.

It's like being in New Orleans. I know what goes on in New Orleans, I don't know the details of what went on up there, other than the fact that he stepped down, or been asked to step down, and there was an investigation going on. And that's the extent of it.

You know, it's like many people that knew Jerry, or that know Jerry, it's mind-boggling and inconceivable to think that this individual, who is -- if all these allegation are true -- and it's pretty strong evidence -- that this sick individual would do something like that. It's hard to conceive that.

LEMON: OK. You know, everyone is trying to -- especially investigators -- are trying to get to the bottom of this, people who have their kid there, people who love the Nittany Lions football program. But I have to ask you -- I said "People talk," and you said, yes, they do.

Were these things that people whispered, or did people talk about this openly? Did they openly know about these allegations in the community there?

MAUTI: From my standpoint, it's a passing conversation. "Did you hear about Jerry? They're investigating him. There's something going on with the kids." I mean, that's the extent that I know from a personal standpoint.

I don't know what else was said. I was not privy to anything else. So it was a casual, yes, OK, no big deal. I went home -- got on the plane, went home, and came back to New Orleans. So that's as far as I know at this point.

LEMON: Innocent until proven guilty, in your estimation.

MAUTI: Well, no.

LEMON: Go ahead.

MAUTI: Well, I don't know. Look, this -- I mean, I read -- I barely could get through it -- I read the grand jury indictment.

These kids, I mean this is disgusting, this is gut-wrenching. I mean, it's deplorable. And it's going to be tough to deny anything.

I'm not here to judge those -- there's -- the legal system is going to take care of the people from a legal stand point. And those that are involved, and those that either made a decision or didn't make a decision at various times over the 15 years, are the ones that have to live with those decisions. And that's going to be a huge punishment, based on what we're seeing and reading right now.

LEMON: Having played there, your son is there, do you think, and from what you've read -- I'm asking you to make your own judgement here -- do you think that the university handled it correctly?

MAUTI: I mean, I think that's a loaded question. I have to unequivocally say no.

I mean, we haven't even heard from the president at this point, which is somewhat concerning. But clearly, again, you know this thing is going to be played out in court. I'm sure there is going to be an awful lot of information that hasn't been out there that will surface.

There's another victim that has surfaced yesterday, I understand, the ninth victim. So that's all going to play out.

Did they handle it correctly? Obviously, there's some serious issues and serious questions to be answered.

LEMON: Do you think Paterno should continue until the end of the year?

MAUTI: Boy, that's a tough thing. I'm so saddened and so grieved by the way this thing has occurred. And again, this is not condoning any of the actions that were taken with Mr. Sandusky.

But I'm saddened that Joe has to end this way, all the great things that he has done, all the great people that he has touched, and all the things that he has done for the university and the program. Unfortunately, it will be a huge asterisk on his resume and legacy.

LEMON: Well, Rich, thank you very much. And I'm glad you bring up -- let's remember, there are victims here, and they should be at the top of our thoughts.

Thank you so much. We appreciate you joining us.

MAUTI: Absolutely. Thank you. LEMON: Coming up here on CNN, a second woman comes out of the shadows and publicly accuses Herman Cain of sexual harassment. Find out more about who she is.

Plus, Jack Abramoff. He spent three-and-a-half years in prison after pleading guilty to corruption in one of Washington's biggest scandals. Well, he scammed millions of dollars from special interest groups and influenced public officials. He joins me live about what needs to be done keep those power checks in check.

(COMMERCIAL BREAK)

LEMON: All right. Let's talk some politics now.

The presidential election, one year away, but voters already are drawing the line on some key conservative issues.

We're going to take you to Ohio first, where voters repealed a law that limited collective bargaining. It applies to firefighters, police, teachers, and other public employees.

Now to Mississippi, where the so-called "Personhood" measure was rejected. It would have effectively banned abortions and made certain kinds of birth control hard to obtain.

If there's one thing we have learned about Herman Cain, it is that he does not back down from a fight. The GOP candidate for president is mad, defiant, even, about accusations he sexually harassed women.

Listen to his denial. There's no wiggle room here.

(BEGIN VIDEO CLIP)

HERMAN CAIN (R), PRESIDENTIAL CANDIDATE: With respect to the most recent accusation, I have never acted inappropriately with anyone, period.

(END VIDEO CLIP)

LEMON: Let's bring in CNN's Joe Johns now in Washington.

Joe, you heard the defiance in Cain's voice. How's the strategy working for him so far? Are there any signs that there might be some cracking beneath the defiant veneer?

JOE JOHNS, CNN CORRESPONDENT: No. I mean, "defiant" is definitely one of the words I would use. He is clearly plowing ahead, promised not to get out of the race, definitely would like to get the campaign back on message. We'll see how that works for him.

He's got a big debate tonight in Washington. No doubt, there will be some discussion of things like jobs and the economy, and some speculation it could actually take the heat off of him by forcing the focus on candidates like Mitt Romney, Newt Gingrich.

Cain is even going as far as scheduling more appearances on late-night TV, which can help make or break a candidate's campaign. CBS Entertainment just announcing Cain is going to make his first appearance on "The Late Show With David Letterman" on November 18th. The following day, Saturday, the 19th, he's expected to go back to Iowa to participate in the conservative Family Leader Forum.

So, he seems to be staying with the program. He also indicates he might take a lie detector test relating to those sexual harassment allegations, though he hasn't made clear what would make him do that -- Don.

LEMON: Joe, before we continue our conversation, I want you to listen to this, and then we'll talk.

(BEGIN VIDEO CLIP)

CAIN: As far as these accusations causing me to back off and maybe withdraw from this presidential primary race, ain't going to happen.

(END VIDEO CLIP)

LEMON: All right. A quote he said, Joe, "It ain't going to happen."

So, as of now, two of Cain's accusers have stepped down. One of them wants all of his accusers to get together for a joint news conference, supposedly.

What do you know about this woman, Karen Kraushaar, and her plans?

JOHNS: Well, she works in the government. She is one of the people who says she received a big settlement, $46,000, relating to a complaint she filed because of the behavior of Herman Cain. And she says she is considering trying to get some of the other women together who have asserted that Cain harassed them.

So far, I think she has only been able to contact one of them, and that happens to be the woman who has already come forward. The other two, we're told, she hasn't made contact with, at least so far.

So, the question is what it's going to look like. Is there going to be a news conference, some type of public statement? All that perhaps in the future. But what's clear is, at least some people who are making these assertions are not willing to take the heat off.

LEMON: I have heard a lot from conservative men, of course from Herman Cain, his attorney, and what have you. And maybe it's just me. I haven't heard a lot from GOP women.

What are they saying about this scandal?

JOHNS: There is some concern, because you have to understand, I mean, there are organizations around town who have a lot of experience with claims of harassment against women going all the way back to, say, Clarence Thomas. And there's one organization that was even sort of set up as a result of that here. It's a conservative women's organization.

There are a lot of conservative women concerned. They don't want to seem as though they are giving him a break.

At the same time, there is a great deal of suspicion about the media reporting and the sense of pile-on that people on the conservative side have gotten. They want to know more from these women, but the conservatives I have talked to said they are not ready to, you know, throw them under the bus just yet.

LEMON: Just yet.

Joe Johns, thank you very much, sir.

We have some breaking news right now. I want to take you to Wall Street.

Stocks are really tanking for a bit right now. Look at this. The Dow is down 426 points, and it's still going down.

When we started this newscast, it was 345 points. Now it's 427 points.

We're going to continue to monitor the markets for you, and if it warrants, a live report from there. We'll bring it to you.

(COMMERCIAL BREAK)

LEMON: Investors, anyone with a 401(k), brace yourselves. Breaking news, the Dow down some 400 points. Stocks are tanking. Let's go live now to the New York Stock Exchange.

Alison Kosik, we know Greece, Italy reeling, reeling from the economy there. Both of their leaders stepping down. That is having an effect on the stock market.

ALISON KOSIK, CNN BUSINESS CORRESPONDENT: It's really all about Italy today, Don. You know, Italy really pushed Greece to the sidelines with Italy's own dealt problems. You know, it is drowning in $1.5 trillion of debt and there are a lot of questions of how -- how Italy's really going to pay its bills.

Now, we really saw the Dow tank. Now it is down 409 points. We watched the selling accelerate after reports came out from Reuters that Euro zone officials said, you know what? We don't have any plans for a financial rescue package for Italy, financial assistance not in the cards for Italy. That clearly spooked the markets.

This realization setting in here that, you know what, these debt problems aren't going in any time soon. So what do you have, you have all Dow 30 components, down at least 2 percent. We're looking at financials down anywhere from 2 percent to 7.5 percent.

It is a stunning decline for the Dow right now. S&P 500 down 3.5 percent that's what your 401(k) tracks. So yes, you mentioned the 401(k), Don, I wouldn't suggest opening that portfolio today -- Don.

LEMON: Alison Kosik, thank you. Stay put. We're going to keep watch on that. In the meantime, a small group of "Occupy Wall Street" protesters just started a 240-mile march from New York to Washington, D.C. They hope to arrive by November 23rd. That's the deadline for the deficit subcommittee and Congress to decide whether to keep President Obama's extension of Bush era tax cuts.

As a larger group, "Occupy Wall Street's" message may not be focused, but there is a common thread that runs through the movement and loosely ties it to the Tea Party. It is a feeling that something isn't working, coupled with a growing unease over who holds the power and who wields the influence in America today.

Jack Abramoff knows the ins and the outs of power and influence. He was one of the most successful and most corrupt lobbyists ever to operate among the Washington elite. I want to you watch this from a profile from our Candy Crowley.

(BEGIN VIDEO CLIP)

CANDY CROWLEY, CNN CHIEF POLITICAL CORRESPONDENT (voice-over): While scamming some of his clients, Abramoff wined and dined Washington's elite at his two restaurants. He got clients to foot the bill to take lawmakers and staff to far-flung golf Meccas, most notably Scotland's St. Andrew's.

Abramoff leased four sky boxes in various sports arenas and doled out the seats. He hired or promised to hire former Capitol Hill staffers and the wives of lawmakers.

(END VIDEO CLIP)

LEMON: Well, Jack Abramoff pleaded guilty to corruption charges in 2006. He spent three and a half years in prison for conspiracy and tax fraud and tax evasion.

And despite lobbying reform, he says Washington has not changed. So, Mr. Abramoff, first of all, thank you for joining us. But what do you think? Should protesters "Occupy K Street" instead of Wall Street?

JACK ABRAMOFF, AUTHOR, "CAPITOL PUNISHMENT": Yes. I think they are probably better -- better going down there where they can -- to Washington, where they can affect the government policies perhaps that have caused a lot of the mess.

LEMON: Do you feel -- I know this may sound like an odd question and maybe not, do you feel at all responsible for anything that's happened here today when it comes to the economy and when it comes to the deficit?

Because many people say that what's happening, look at the stock market, it's -- much of it is because of mismanagement and you had a hand in that. Do you feel responsible for any of it?

ABRAMOFF: Well, I wasn't as active in those issues. I think I was part of a system that is very much responsible for what's happened in this country. And I think it's got to be changed. It's got to be reformed in an extreme way to make it more like what the country should have.

LEMON: You held a dim view of lobbyists before you became one and in your book, it's called "Capitol Punishment, The Hard Truth," there it is right there. You talk about corruption. You talk about how systematic it was.

You write, "They were the guys in the $2,000 suits who sucked the lifeblood out of our nation. Why would I ever become one of those guys?" So why did you?

I read your book. You started off as very religious yourself. Your family wasn't and you turned to the devoted Jewish in your faith and now, all of a sudden, to this.

ABRAMOFF: Well, I started -- I didn't set out to wind up in prison and wind up sort of poster boy of all corruption in Washington. I set out, even before I became a lobbyist politically to do things that I philosophically agreed with.

When I joined the lobbying world, I joined it originally to represent companies, to get the government off their back and it was more consistent with my premarket philosophies.

Unfortunately, eventually, I was deeply within the lobbying world and got mixed up into the very corruption that unfortunately still pervades that world today.

LEMON: When you look back on your experiences in Washington and I've heard you interview, as you say, you didn't set out to do that, but when your comp pass is off, you end up, you know, maybe off one degree when you start, right?

And then by the time you end to get to where you think you're going to go, it's off many more degrees. Were you talking about your time in Washington or were you talking about your time when you set out to become this sort of conservative, when Grover Norquist influenced you? Which time are you talking about your compass was off?

ABRAMOFF: Well, I think the lobbying world. You know, my political activism before I was a lobbyist included, by the way, a stint as head of President Reagan's lobby on Capitol Hill. But it was not business- related, it was all philosophical and issue driven.

Before that, the head of the college Republicans where Grover and I met back in those days. But when I talk about my compass being off one degree and then winding up at the end of the voyage in a different continent, it is the lobbying world.

Where ultimately, unfortunately, for whatever reason, I got off my path, I didn't see the line in the sand that I should have and I wound up doing things I shouldn't have done.

LEMON: Does the public good factor into your equation to come out and talk about this now? Why are you doing this?

ABRAMOSS: Well, it is mainly to try to make some recompense for the fact that I participated in a system that is very bad for the country, the special interest system that the powerful get things that other people don't get.

It's the frustration for people that "Occupy Wall Street," the Tea Party. All over the country, people can't stand what's happening in Washington and they are right. What I try to do in my book is show them exactly why they are frustrated. Frankly, I probably make them more frustrated when they read exactly what does happen down there.

LEMON: Do you ever work to fix the system? Can you do that you think?

ABRAMOFF: Well, all I can probably do at this point, I can't certainly lobby here, you know, get involved politically, I don't think it would be useful. But what I can do is I can educate people what is really happening, number one.

And number two, since I was in that business and I was at times at the top of that profession, I know what really rankles them and what kind of reform would really matter.

And so during my time in prison, I spent the time to create a series of reforms that are draconian and very difficult that, frankly, if implemented, I think would get rid of a lot of the corruption.

LEMON: Yes, you say the system is so corrupt, and it happens on all sides, it happens on all administrations. Jack Abramoff, the book is called "Capitol Punishment." Thank you very much.

ABRAMOFF: Thank you for having me.

LEMON: You know, as markets get more unpredictable, what can you do to protect your family and your wallet? As a matter of fact, we have Christine Romans standing by on a day like today to tell us which jobs are safest in America, talk to us about Wall Street and the Dow and the market and all of that.

And have you seen these incredible pictures of rhino rescues in Africa? We now have brand video of the rescues. That's coming up this hour. Make sure you stay with us in two minutes.

(COMMERCIAL BREAK)

LEMON: Jacqui Beachamp has been described as a trailblazer in her field. She is succeeding as a female African-American tech in today's "Black in America." CNN's Soledad O'Brien introduces us to a woman whose success in the high tech dominated by young white men.

(BEGIN VIDEOTAPE)

SOLEDAD O'BRIEN, CNN CORRESPONDENT (voice-over): Jacqui Beachamp is the founder, CEO and chairwoman of the digital media company, Nerjygized Entertainment.

TERRY JONES, REGIONAL INNOVATIONA ORGANIZATION: This is an entrepreneur starting up a video game company and being a woman and African-American, she was trailblazing many paths and doing so from right here in Baton Rouge, Louisiana.

O'BRIEN: Born and raise there had, she climbed the corporate ladder.

JACQUI BEACHAMP, NERJYZED ENTERTAINMENT INT.: There is not a lot of diversity, to the just in the executive ranks, in the industry. And, you know there were times as an African-American female, I was truly the only African-American female in -- in -- in the room.

O'BRIEN: Then left that loneliness to follow her heart.

BEACHAMP: I'm an electrical engineer, a law degree, and so technology has always been at the heart and soul of who I am, but animation and multimedia is my passion.

As a kid, growing up, watching Fat Albert and the Cosby kids, I'm seeing something that you know, Mr. Cosby created and said, one day, I want to own a company that knows how to do that.

O'BRIEN: And now she does.

BEACHAMP: The biggest success so far has been the -- the release and launch and shipment of our first console video game, which is the black college football video game experience.

What we constantly kept hearing and seeing in the industry, were you know, not enough content that reflects the urban character and those that were there, they were not portrayed in a very positive -- in a positive light.

So our -- our intent was to provide some different type of content into the market segment.

O'BRIEN: Up next, a documentary and then --

BEACHAMP: A dance-based, music-based video game on Xbox 360, utilizing Kinect, Play Station III, as well as Wii. It is not just for the African-American consumer to only enjoy and experience.

O'BRIEN: Jacqui Beachamp concedes it is an uphill battle and embraces it.

BEACHAMP: I'm an African-American female and every day, I know that I've got to get people to see me, to see me, and not that I'm an African-American female.

O'BRIEN: For in America, Soledad O'Brien, CNN, reporting.

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LEMON: With Greece's prime minister ready to step down and Italy's prime minister about to do the same, the global economy is being shaken to the core.

Why don't you take a live look now at the Dow, right now, down 384 points, 385 points. Christine Romans is joining us from our New York studios. What is going on with this today, Christine?

CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: It's kind of a dangerous moment, really, for Europe, the euro, the euro zone and of course, if there is a big problem there, it is the biggest destination for American export.

So you really can't have a growing U.S. economy with a crisis, a protracted recessional crisis in Europe. That's why it's so important us to. What is specifically happening today is the political upheaval in Italy.

You have real concern that the Italian government can't get its act together so it can pay bills its time. It has too much debt and the economy isn't growing strongly enough and that combination means you have got a country going backwards.

And that's a problem. Now let me tell you something specifically about Italy. It's the third largest bond market in the world. It's the largest economy in Europe, but the French banks are very, very exposed to debt from Italy.

It's incredibly important that it gets act together, but it's not like Greece. Italy, Don, has a pretty diverse manufacturing, agriculture, technology, fashion base, lots of different kinds of companies there.

The Italian people have good savings. They don't like us. They don't spend to the limit. The Italian people have good savings in the banks so that's a cushion there. Italy with the right nurturing from its government could get its act together.

So a lot of people are thinking that the European Central Bank and European leaders are waiting for a new government in Italy before they reach in and lend a hand with some sort of intervention to turn this thing around.

LEMON: Listen, I know that you are extremely concerned about this and you said you don't want to give depressing news all the time. But tell our viewers what you said to me. You said -- a lost generation, a lost era?

ROMANS: Well, you know, I think that in this country, and in the U.K. and in a lot of -- in Europe really, too we have crisis fatigue. We are tired of everything that's happened since 2008 and we are kind of getting numb to all of this.

But we are at a moment right now, Christine Lagarde, the woman who is running the IMF, the International Monetary Fund, she gave a speech this morning where she said if we don't get this right, we run the risk of having a lost decade for the global economy.

And lost decade, when you talk about economic and economics and markets and global growth terms, is real -- it is just horrible. I mean, it happened to Japan, when you've seen too much debt and not enough growth and you just can't get out of it.

She also talked about sort of this negative feedback loop, of confidence is lacking in some places. You can't fix the problem with the debt because the political process isn't working correctly.

LEMON: It is all tied in together. I want to ask you because your book is called, "How to Speak Money." You co-wrote that book. You co-authored it with Ali Velshi. And I want to ask because, you know, the economy could be bad, but as long as you have a job, you feel you are OK.

There is some hope, maybe you can hang on, but as you said, it is all intertwined. There is an official list of - 9 percent of Americans are officially listed as unemployed and underemployed, their checks are running out.

People are obviously desperate for work. Give us the inside scoop, what is the highest paying jobs that will sort of -- can stem off this sort of sad feeling that you if you are looking for work?

ROMANS: You always hear us talking about stem, when you learn how to speak money, you learn that stem is science, technology, engineering and math and it's where the economy is growing, the global knowledge- based economy.

Don, eight of the 10 top paying jobs in this country are some sort of engineering. So think of that, I mean, science, a lot of these jobs are in health care. They are in research. There are jobs in statistics.

There are jobs in analyzing information and data and learning how to apply that with mathematical principles to different parts of the economy. You don't have to be a genius, these things in particular. But what you're good at, find that part of the economy to put it into.

That means you have to have an education system. How many times have we talked about this? American public schools have to do a better job of turning out kids that can learnt basics, then not take on too much dealt when you go to college to study these fields or if you are not studying these fields.

For example, a liberal English major, the highest paid English majors are technical writers. So they have taken the liberal arts and moved it. Also a friend of mine over at NYU, he says medical coders, this is going to be a huge growing field that is a health care arena, another place to look at.

LEMON: The best way to stave off unemployment is a college degree, talked about education. People who have a college degree have, a you know, less of a chance of becoming unemployed.

ROMANS: About half.

LEMON: The book is called "How to Speak Money." It is written by Christine Romans and Ali Velshi. Thank you, Christine. We appreciate it.

ROMANS: Nice to see you, Don.

LEMON: We're watching the market. The market is down 373 points right now. We will continue to monitor that for you.

An epic storm is blasting Alaska right now. We will take you inside the storm with a boat captain who just survived it. That's next.

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LEMON: A busy news day here. This is just into CNN. A university in North Carolina is locked down now. We're talking about Campbell University. It's on the Boys Creek campus. Right now, authorities are in a standoff, we are told with a student.

The student is in a home owned by the university. Deputies were trying to serve papers to an unidentified student when he barricaded himself inside a private home located on campus.

And the university is asking all students, all faculty and staff to stay in class or in residence halls until the situation is resolved. We are going to keep a close eye on that.

Also something we are watching as well is an epic storm blasting Alaska right now. I want to bring in our very own Chad Myers, a meteorologist here, along with the fisherman, his name is Bill McCarthey.

He's a captain and he is in the middle of the bearing sea and he just went through the storm. He is 60 miles south of St. Georgia, 140 miles north of Dutch Harbor.

Thank you, Captain, so much, for joining us. Chad Myers is going to speak to you as well. This is Don Lemon here. So tell us about that storm, what you are dealing with?

CAPTAIN BILL MCCARTHEY, FISHERMAN AND BOAT CAPTAIN (via telephone): Hi, Don. We are doing a lot better today than yesterday. It came through pretty fast. Winds started picking up yesterday morning about 10:00 and, by noon, it was blowing 50 or better, 55 or so and seas were 20 to 30 feet.

So by 1:00, we picked up our nets and just jogged into it. That's all we could do and by 10:00 last night, it was probably -- it has passed through us and the worst of it was over so we get back to work.

But it's -- yes, it was a pretty good one. It is to be expected this time of year though. Occasionally, we get that kind of weather.

LEMON: Captain, stand by. Chad Myers is here.

MCCARTHEY: -- storm would be such a low pressure.

LEMON: Our meteorologist here, he's going to ask you some questions, but he's going to show us where you are so standby. Go ahead, Chad.

CHAD MYERS, AMS METEOROLOGIST: Sure, Don. Cap. We have Dutch Harbor on the map. We've got St. George on the map and your boat right in between. I'm also going to show you that your low here hurricane the viewers here, the low is probably good 600 miles away from you. The center of it the worst of t now, were there other vessels north of St. George that had to go through worse weather than you?

MCCARTHEY: There could have been. There were three or four other boats fishing this area here. I'm not sure.

MYERS: What are you fishing?

MCCARTHEY: -- boats north or not.

MYERS: What are you fishing?

MCCARTHEY: I'm sorry, what was that?

MYERS: Captain, what are you fishing? What is your vessel like? What are you fishing?

MCCARTHEY: We are fishing for Pacific Ocean perch right now. It is a rockfish and we are 132-foot vector trawler.

MYERS: And so you picked up your nets. Did you just heave to, just kind of pointed the bough into it and just went 5 knots and hoped for the best? What's -- how do you do that? How do you fix the boat when you have waves of 30 feet?

MCCARTHEY: We just put the bow into it and go about one knot.

MYERS: One.

MCCARTHEY: Keep the boat pointed in a safe direction and wait for it to be over with.

MYERS: So captain what are you doing right now you guys are hunkered down? Do you have electricity? What's going on?

MCCARTHEY: No, we're fishing. We started fishing again last night once the barometer started climbing and the wind changed direction. And the wind came down about 45 or so and kept drop willing out and it started laying down t is nice right now in this spot.

MYERS: Captain, did you hear --

MCCARTHEY: -- 45 out, 80-foot seas.

MYERS: I do a lot of boating on the Great Lakes and, you know to hear a may day from one captain to another is something that shakes you to the core. Did you have go through that yesterday?

MCCARTHEY: No.

MYERS: No? That's good.

MCCARTHEY: That is a different experience. MYERS: Certainly. This was big enough, Don. This was a big storm. If this captain, this boat or any boat, literally, would have been 500 miles farther north, they may not have made it.

The breakup up there waves 40 to 60 feet in the open ocean are tough to -- tough to -- this guy -- I tell you what the men and women, at least the men on this boat. They had a rough night last night for sure.

LEMON: Absolutely. Chad Myers, thank you very much. Captain Bill McCarthey, we appreciate it. Stay safe.

All right, let's move on now. We showed you these pictures last week of an amazing transfer to save endangered black rhinos. Now we have brand new video of that rescue. That's in two minutes. Make sure you stay with us.

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LEMON: We have got some incredible new video to show you of a rhino relocation project in South Africa. Last month, 19 endangered black rhinos were air lifted, yes, air lifted to a new conservation site by the World Wildlife Fund as part of an effort to protect them from poaching and to increase their population.

Well, the two-ton rhinos were sedated from the air, blindfolded and then hoisted by their ankles to a military helicopter. See it right there. So why move them by helicopter? The head of the project explains.

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JACQUE FAMAND, BLACK RHINO EXPANSION PROJECT: This is the kindest way we have yet discovered of moving a rhino from the field to a vehicle.

CATHY DREYER, SANPARKS VETERINARY TECHNOLOGIST: Ease of operation. It's a lot of animals to try to move in a really short time.

TOSH ROSS, HELICOPTER PILOT: There are no roads. There is no access whatsoever. Most of these parks are wilderness area.

(END VIDEO CLIP)

LEMON: Best video I have ever seen. Have you ever seen anything like this? After that 10-minute chopper ride, doctors woke the rhinos and despite the upside down flight, we are told the animals didn't feel a thing. That's pretty amazing, I have to say.

Children are being exposed to dangerous viruses through lollipops being sold over the internet? Who is buying them? You will need to see this one to believe it, stay tuned. But first this.

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