October 31st, 2013
10:34 AM ET

Will Cain and Marc Lamont Hill Debate Obamacare, Minimum Standards

On "New Day" this morning, CNN Commentator Will Cain and Huff Post Live Host Marc Lamont Hill debate Health and Human Services Secretary Kathleen Sebelius’ congressional hearing on Obamacare.

Cain says, "There is a concerted effort right now to make this about Republicans. And that's why I'm telling you I think Republicans need to step back and let it play out."

On Obamacare’s minimum coverage standards, Hill says, "It's not President Obama's arbitrary minimum standards. It’s fairly in any objective standard of equality, reasonable healthcare…. It’s not like Obama said, ‘Oh, I don’t want that one.’”

Cain responds, “Do you hear the arrogance in that statement? You are defining for the rest of America what minimum standards are.”

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October 31st, 2013
10:26 AM ET

Coaches Under Fire for Blackface

Two high school football coaches in San Diego are now under investigation after a picture of them surfaced on Facebook.

It shows the Serra High School coaches dressed up for a Halloween party as the Jamaican bobsled team—in blackface.

Now the local NAACP is calling for them to be fired - while parents and some players are rushing to their defense.

CNN’s Nischelle Turner reports the mixed reaction of those who are saying the coaches should be accountable and those who think the situation has been blown out of proportion.

Turner says, “They have apologized to their team but they are still being investigated by their school.”

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October 31st, 2013
10:23 AM ET

Chocolate, Wine Prices On The Rise

Halloween may be more bitter than sweet this year because the cost of buying your favorite treats—chocolate and wine, may soon be skyrocketing!

Why? Because growing demand in emerging markets and bad weather in major cocoa producing countries is pushing up the cost of key ingredients, CNNMoney reports.

Cocoa bean prices are up by 22%, cocoa butter by 63%.

“So far they haven’t really been passing that on to us, but you just wait,” CNN Chief Business Correspondent Christine Romans reports.

“Watch for prices to rise. What I think you’re going to see first are smaller packaging…And they’re going to start to have to try to figure out other things to put in there to make up for the higher cost of cocoa butter,” Romans says.

Bacchus may have to pay up due to weather related issues as well. Global production fell by more than 5% last year – to its lowest level since the 1960s – primarily due to bad weather in France and Argentina, CNNMoney reports.

“We consume more wine than we wine,” Romans says.  “Basically wine production down at a time when wine consumption is actually up, and that means prices rise.”

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Filed under: Money Time • moneytime
October 31st, 2013
07:26 AM ET

NSA Denies Tapping Google & Yahoo

The National Security Agency's director flatly denied a Washington Post report Wednesday that the NSA secretly broke into communications links to Google and Yahoo servers overseas.

Army Gen. Keith Alexander, the NSA director, pushed back against the report that cites leaked classified documents, saying the agency does not illegally access the servers of Internet companies.

"The servers and everything we do with those, those companies work with us. They are compelled to work with us. This isn't something the court just said, 'Would you please work with them and throw data over it.' This is compelled. And this is specific requirements that come from a court order," Alexander said at a cybersecurity conference in Washington.

"This is not NSA breaking into any databases. It would be illegal for us to do that. So, I don't know what the report is. But I can tell you factually we do not have access to Google servers, Yahoo servers. We go through a court order."

The NSA similarly denied the claim in a written statement to CNN saying, "The assertion that we collect vast quantities of U.S. persons' data from this type of collection is also not true."

“The reaction from Google and Yahoo was swift and angry,” reports CNN’s Jim Sciutto.

"We have long been concerned about the possibility of this kind of snooping," said Google, "which is why we have continued to extend encryption across more and more Google services and links"

Yahoo said, "We have not given access to our data centers to the NSA or to any other government agency."

SEE FULL STORY

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