Today's Takeaway: Euro Debt Crisis Impacts America

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Tuesday, November 01, 2011

MF Global Exposes Reach of Euro Debt Crisis; Somali-American Man is Alleged Suicide Attacker; What's Next for Libya After Gadhafi?; Author Takes on Teens and the Culture of Sex; Herman Cain Responds to Allegations of Inappropriate Behavior; Lou Reed and Metallica Collaborate on 'Lulu'; Muslim Artist Conducts Surveillance on Himself; The Legacy of Tony LaRussa

Top of the Hour: Greek PM Calls for Referendum on Bailout Plan, Morning Headlines

Greek Prime Minister George Papandreou announced late Monday that he is calling for a nationwide vote on a European bailout plan. Markets are tumbling this morning on news that the Greek people will have the final say on an economic package agreed to last week by European leaders after months of negotiations. Rachel Donadio, Rome bureau chief for The New York Times, reports on the latest.

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MF Global Exposes Reach of Euro Debt Crisis

Federal regulators say hundreds of millions of dollars of customer money is missing from MF Global, the brokerage firm which filed for bankruptcy on Monday. It is unclear where the estimated $700 million has gone, and no one has yet been accused of wrongdoing. Headed by former New Jersey governor Jon Corzine, MF Global made risky bets on the European debt crisis. The Dow dropped 276 points in reaction to the news of the implosion, reminiscent of the Lehman Brothers collapse in 2008.

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Sex and Teenagers: One Family's Story

Later this morning, The Takeaway will speak with sociologist Amy Schalet about her new book, "Not Under My Roof: Parents, Teens, and the Culture of Sex." Schalet compares American and Dutch families, and their attitudes about teenage sex. Beth Brotz, a parent in California, was thrilled to learn about Schalet's work. She talks about how she and her husband handled her teenage daughter's confession that she was sexually active with her boyfriend, and how their openness made them closer as a family.

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US Cuts Funding After UNESCO Accepts Palestine

The United States and Israel are withdrawing contributions to UNESCO, the United Nations Educational Scientific and Cultural Organization, after the body voted accepted Palestine as the 195th full member on Monday. The U.S. contributes 22 percent of UNESCO's budget, and Israel provides another three percent. UNESCO's full membership voted 107 to 14 to accept Palestine, with 52 abstentions.

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Somali-American Man is Alleged Suicide Attacker

Over the weekend, two suicide bombers carried out an attack on African Union troops in Mogadishu, Somalia. Ten people were killed. The man allegedly responsible? A 22-year-old Somali-American man named Abdisalan Hussein Ali. He's not the first Somali-American to leave the U.S. and return back to Somalia to join a terrorist group called al Shabab. Zuhur Ahmed hosts a radio program that serves the community that Ali came from. Her show is called Somali Community Link and it broadcasts on Takeaway affiliate station KFAI in St. Paul, Minnesota. She has been discussing the case on her program.

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New Book Takes on Teens and the Culture of Sex

Sociologist Amy Schalet was born in the United States, but she grew up in the Netherlands. When she returned to U.S. for college, she was surprised to learn that most of her American-reared peers had never discussed sex with their parents. Most of her Dutch friends had open, long-running discussions with their parents on the topic. This discovery shaped Professor Schalet's research through graduate school and beyond. She's published her findings in a new book, "Not Under My Roof: Parents, Teens and the Culture of Sex."  

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Top of the Hour: US Cuts Off Funding to UNESCO, Morning Headlines

The U.S. is cutting off tens of millions of dollars in funding to UNESCO, the U.N.'s cultural and scientific body, after it voted to admit Palestine as a full member. State Department official Victoria Nuland says the U.S. will withhold a $60 million payment that was to be delivered later this month.

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Herman Cain Responds to Allegations of Sexual Harrassment

On Monday, Politico reported that Herman Cain was accused of sexual harassment by two female employees while he was head of the National Restaurant Association. The women left their jobs after reaching settlements with the industry group. Cain vehemently denied the accusations later in the day at the National Press Club in Washington, but went on to make contradictory statements about the incidents on Fox News.   

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Lou Reed and Metallica Collaborate on 'Lulu'

It sounds like quite an unlikely collaboration — rock legend Lou Reed making a record backed the massively successful heavy metal group Metallica. Their new concept album, "Lulu," is out today in North America, and has left some music fans a bit bemused. A recent review in The Washington Post called it a "multi-headed hydra of unpleasantness." Ben Sisario, music journalist and reporter for The New York Timesmet with "Loutallica" recently, and has a more nuanced view of the new record.

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NATO Ends Libya Mission

After four decades of tyrannical rule, and a bloody seven month uprising with the assistance of the international community, a new chapter begins in Libya today. NATO Secretary General Anders Fogh Rasmussen announced the end of the alliance's seven month mission in Libya on Monday. Shortly thereafter, Libya's National Transitional Council elected a new interim prime minister.

That's NATO Secretary General Anders Fogh Rasmussen yeseterday, announcing the end of the alliance's seven month mission in Libya. The mission saw NATO provide assistance to the rebel uprising that eventually led to the overthrow and killing of dictator Moammar Gadhafi. The destruction yesterday of the deposed Libyan leader’s Tripoli home provided a fitting backdrop to the end of the military.
Gadhafi was captured and killed in his hometown of Sirte less than two weeks ago, officially bringing an end to his brutal 42 year rule of the country. But what will his ultimate legacy on the country be? And what’s next for Libya?
Joining us now to answer those questions is Jon Lee Anderson. He’s a staff writer at The New Yorker and he’s got an article in this week’s edition of the magazine “King of Kings: The Last Days Of Muammar Qaddafi”.

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The Legacy of Cardinals Manager Tony LaRussa

The celebration may be ending a little early in St. Louis. Just days after winning a thrilling seven game World Series, St. Louis Cardinals Manager Tony La Russa announced his retirement. The 67-year-old La Russa managed for 33 years in the big leagues, winning three World Series titles over the years and really revolutionizing the way the game is played. Joining The Takeaway to talk about La Russa’s legacy is George Vecsey, sports columnist for The New York Times and author of "Stan Musial: An American Life."

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Muslim Artist Conducts Surveillance on Himself

Hasan Elahi is an American citizen with a Muslim name. He's a digital artist and a professor at the University of Maryland. In 2002, when he was returning from an art exhibition in Senegal, U.S. immigration agents detained him as a terrorist suspect. Elahi was turned over to the FBI, and battery of interrogations followed. Elahi struggled to prove his innocence, though nine polygraph tests proved he did not speak Arabic and had no knowledge of how to manufacture explosives. Ultimately, his incredibly detailed accounting of his whereabouts, which he compulsively tracked with his PDA, helped Elahi walk away with his freedom. To this day, his name has yet to be fully cleared.

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Egyptians Take to the Streets for Jailed Blogger

Demonstrations erupted in Cairo on Monday night as activists demanded the release of a jailed blogger and the end to military trials for civilians. The blogger, Alaa Abd El Fattah, criticized the Egyptian military's response to an October 9 protest that ended in violence and the death of 28 protesters, most of them Coptic Christians. He also referred to the army controlling Egypt as "Mubarak's military." Fattah is being accused of inciting violence.

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