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CNN SATURDAY MORNING NEWS
Mubarak Sentenced; Low Job Numbers for May; Men Get Pampered For Father's Day
Aired June 2, 2012 - 9:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
ROB MARCIANO, CNN ANCHOR: From the CNN World Headquarters in Atlanta, this is CNN SATURDAY MORNING.
The Dow plunges 275 points making it negative for the year. We'll explain the reason for the free fall. Plus --
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UNIDENTIFIED MALE: ... to punish Hosni Mubarak with life imprisonment.
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MARCIANO: Complicit in killing, that's the verdict from an Egyptian court for notorious dictator Hosni Mubarak, sentenced to life in prison. Mubarak is the first leader put on trial for his crimes during the Arab spring. We'll bring you live to Egypt with the explosive reactions.
And later, it's today's manliest block on television, men's beauty regimes for summer and some new beers that will put hair on your chest. The pros bring it to you live in studio.
Good morning. I'm Rob Marciano in today for Randi Kaye. Thanks for waking up with us this morning. Let's get started.
The man who ruled Egypt with an iron fist for 30 years is now at a maximum security prison where the court says he must spend the rest of his life. Former president Hosni Mubarak has been refusing to get off the chopper that flew him there just a short time ago. Earlier today an Egyptian court found him guilty of ordering troops to shoot and kill unarmed Arab spring protesters last year.
Mubarak's attorney says the former president will appeal. He could have received the death penalty, though. Mubarak's former interior minister was also found guilty and sentenced to life behind bars. But his two sons and six of his former top aides were acquitted. That sparked an uproar inside and outside the courtroom.
Furious demonstrators called the verdict illegitimate and weak. Some fought with the former president's supporters. Egypt's Muslim Brotherhood is calling for mass protests.
CNN's senior international correspondent Ben Wedeman is in Cairo live. BEN WEDEMAN, CNN SENIOR INTERNATIONAL CORRESPONDENT: When news first came out that Hosni Mubarak and his interior minister (INAUDIBLE) had been given life sentences, the initial reaction was one of joy. But as soon as people heard that all the others who were accused, including the two sons of Hosni Mubarak, Ala and Gamal, and also all the advisors to the interior minister had been found innocent, the joy very quickly soured into anger. Many people feeling that there was a skewed verdict, an unfair verdict, a verdict that favors those in the old regime.
Hosni Mubarak was transported by helicopter from this police academy where the trial took place to Tura (ph) prison in the southern part of Cairo. Apparently when the helicopter arrived in the prison, he refused to get off. Ministry of the interior officials say that an effort is being made to prepare his cell, but this is just one indication of how messy things are going to get in Egypt with this verdict.
Ben Wedeman, CNN, Cairo.
MARCIANO: To Florida now where George Zimmerman must report to jail by tomorrow afternoon. A Florida judge has revoked his bond. It has been set at $150,000 after he pled not guilty in April to second-degree murder in the killing of 17-year-old Trayvon Martin. But the judge now says Zimmerman blatantly lied to him about how much money he had and was unfairly reaping the benefits of a low bond.
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MARK O'MARA, DEFENSE ATTORNEY: You know, the revocation of bond, I hope, is temporary. I hope that they will give us a day in court to explain George's behavior and look at all the circumstances, even discovered this today in determining what he's going to do about letting him out on bond.
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MARCIANO: Prosecutors argued Zimmerman had thousands of dollars in donations from a PayPal account but pretended to be poor and recorded phone conversations with his wife to prove that.
Now news about the economy. Investors didn't take too kindly to the new jobs report. U.S. stocks took a beating yesterday with the Dow plunging 275 points. It erased all gains for the year. Employers added only 69,000 jobs in May, less than half of what analysts expected. And for the first time in a year unemployment edged higher, now standing at 8.2 percent.
A janitor in Toronto is accused of plotting to blow up a Catholic school. Police say St. Joseph's College School in downtown Toronto was the target. The suspect is 67-year-old Vincent Perna. A spokesman described the plot and the worst charges the janitor could face.
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CONSTABLE TONY VELLA, TORONTO POLICE SERVICE: He cut the gas line, he went to the kitchen area and he attempted to light one of the stoves. So we're quite concerned this situation could have been much worse. But the man has been arrested and charged in the most serious charge we're looking at is attempted murder.
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MARCIANO: Perna appeared in court Friday and faces six charges total including arson and attempted murder.
Well that's it, more than 8,000 games and half a century but the New York Mets finally have a no-hitter.
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UNIDENTIFIED MALE: He struck him out!
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MARCIANO: Johan Santana did it. The pitcher in the historic game, the St. Louis Cardinals were the victims losing 8-0. Santana's no-no leads the San Diego Padres as the only baseball team that has never had a pitcher throw a no-hitter. Congratulations to the Mets.
Well, when it comes to paying off student loans, this guy is not your average Joe. We'll meet an Ivy League creating a buzz for mowing down a mountain of debt. You won't believe how much, how fast he did it. We'll be right back.
MARCIANO: Well, on college campuses these are two phrases that are sure to evoke a pained expression, finals week and student loans. Well, with an MBA from Harvard our next guest handled finals week fine. What's more impressive is how he wiped out $90,000 in student debt in seven months. Joe Mihalic joins me live from Austin, Texas.
Good morning, Joe, and congratulations. There's a lot of kids out there, young men and women that are saddled with debt looking at you with envy right now. Let's talk about student debt first. It's a national issue. It's huge. It's tripled over the past 10 years, obviously even bigger at the Ivy League levels. I mean you weren't alone in having this much debt, were you?
JOE MIHALIC: No. A lot of my friends still have that, that I went to school with.
MARCIANO: When did you decide, "Hey, man, I just have to get rid of it? I got to do whatever I can to get rid of it?" I mean why not space it out a little bit? Why kill yourself this much?
MIHALIC: So for the first two years out of grad school I bought a house, I bought furniture for the house, bought two cars, a motorcycle, a road bike, a bought a lot of stuff and I've been spending about $1,300 a month on entertainment, going out with friends, dinner dates, traveling, and things like that. And then one day in August I sat down at my computer, I looked at my student loan balances and even though I've paid of 22K in principal and interest over the past two years, I still had $91,000 and so for the next eight-plus years I'd be making $1,100 a month in payments towards these students loans.
And that night I are tried to fall asleep but actually I couldn't sleep because I felt trapped. I had every dollar I was making was allocated. It was allocated to the student loans, the retirement fund, and zeroing out my monthly credit card balance. I couldn't afford to start a family, I couldn't afford to start a business, I couldn't afford to buy a business and turn it around. I couldn't afford to take a year off from work and travel around the world or do something humanitarian in a developing nation. So I felt tripped, as if there was a gun to my head. So the next day I went on Craigslist and started looking for a second job. Then I zeroed out my savings and just took steps to pay down my loan.
MARCIANO: What kind of steps? Like getting a roommate or having a garage sale? I mean what did you do?
MIHALIC: Yes, yes, basically. You pretty much nailed it. I got two roommates from Craigslist that are still living with me right now. So a lot of stuff on Craigslist which is today's version of the garage sale. I started a landscaping business with my buddy. I sold off my second car, my motorcycle, my road bike. I stopped contributing to my 401(k). I took my savings, which were about $30,000, and I basically just flushed them down the toilet on student loans. I mean not literally but, you know -
MARCIANO: You paid it off. What part of you felt like, now I'm flying without a net? I mean and were your co-workers and your colleagues who just graduated along with you saying, you're crazy, man, don't do this?
MIHALIC: You know, actually, my friends are really supportive. They understood where I was coming from and I think they saw that there was a larger purpose to it. It was really never about the money. It was just more about the freedom, just finding freedom, being free and having options.
MARCIANO: One last question, Joe. Did you calculate how much interest money you saved by doing this?
MIHALIC: I haven't really done that. Again, it wasn't about the money. It was more about freedom. So I haven't looked at the net present value of what I did. I mean I took losses when I cashed out my stocks and my IRA. I took losses and probably keeping that money would have been better for me in the long term so I never really did the math. But I would have paid, if I'd gone full term with the loan, I would have paid $42,000 in interest. I probably saved about 30K in interest alone.
MARCIANO: Well, I guess you hit the nail on the head. People says money doesn't buy happiness but debt can cause misery. So you got rid of that and that lifted you emotionally. MIHALIC: Yes, exactly.
MARCIANO: All right. That's a good lesson for us all. Joe Mihalic who got rid of his 90 grand in student loans in less than a year. Congrats to you Joe and good luck in your career.
MIHALIC: Thanks, Rob.
MARCIANO: All right. Here is your next segment. You're going to love this one. Masculine makeovers. They're turning into a big trend. Yes, our next guest, can even wax your nose hair.
Reynolds, do you need that? I might. She says it's painless. We're going to see.
And CNN's Dr. Sanjay Gupta has launched a new program called "The Next List." This week "The Next List" goes behind the hit series "Game of Thrones."
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UNIDENTIFIED MALE: I wanted to make it feel like kind of like an old book or maybe some comfortable clothes that had been worn, shoes that had been walked in for miles and miles.
UNIDENTIFIED MALE: For instance, mentioned there was no phrase for thank you in (INAUDIBLE) but they have something like 42 words for horse. You know, I mean it's a horse-based culture.
UNIDENTIFIED MALE: It started as kind of an imagined time that was about 1,000 years before the action of the series. I kind of conceived how the language would look at that point and then evolved the language over a period of 1,000 years. In doing so kind of helps to make the language more authentic.
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MARCIANO: All right. Manly man, get your spa on. When you think of manly things, right, you think about, you know, cars, pokers, Reynolds Wolf, hockey, mustaches, weightlifting, and all that stuff, you don't think about spas and skin care. But believe it or not more men nowadays are getting pampered like women. Why not?
Tweezing eyebrows, ouch, getting facials, even getting a Brazilian wax job. Julie Benecke knows all about it. She is a makeup artist and aesthetician with Woo Skincare and Cosmetics here in Atlanta. And you are going to mold Reynolds and I into more metropolitan men, I assume. Where do we start? This waxing thing just got us both shivering in our (INAUDIBLE).
REYNOLDS WOLF, AMS METEOROLOGIST: You have to educate us on this (INAUDIBLE) for guys, isn't? JULIE BENECKE, AESTHETICIAN, WOO SKINCARE & COSMETICS: Well, actually, it's been around for a while. There just seems to be more of a product line developed towards men, but the waxing situation, that's relatively new for men and, you know, to be honest with you, a lot of men are doing the manscaping as far as taking care of the back. One of the things I recommend is you keep the back smooth, you keep the front trimmed. You don't necessarily have to go to the Kelly Clarkson screaming and get that whole thing waxed off.
MARCIANO: Promise, if Reynolds actually waxes his back he's going to lose a shirt size.
WOLF: Wait, hold on a second. Wait.
BENECKE: It's going to be a lot.
WOLF: (INAUDIBLE) my whole front lobe on my right side just collapse. Wow. I can't believe we're having this conversation things. How do you - it looks - let's say someone is tuning in and their significant other really needs this kind of work, is there a way that you can gently get into it and say, "Dude, it's time for the epilady. Guys, it's time to get the tweezers, the garden shears or something?" How do you approach that?
BENECKE: You know, the easy way to do it is just to talk to them about the cleanliness and it will keep them cooler, to be honest with you. In the summer months, who really wants a wool sweater?
WOLF: That's true. We talked about that.
MARCIANO: That's a good point especially here in Atlanta. All right. So waxing, let's move away from that. In full disclosure, I'm Eddie Munster but I'll take care of this right here. I've grown accustomed to it and I kind of like it but skin care and lotions and stuff, what do guys like me and Reynolds (INAUDIBLE)?
BENECKE: You want something that's double duty? Something that's easy. Men really want it simple. So there's a line that we carry called Jack Black and it's great. This is an all over wash so you can be able to wash your hair, your face and your body but it's also going to keep you conditioned. It's not going to strip the skin. So it's going to keep you younger. There's also moisturizers out there that will help with fine lines, taking care of the pore sizes that is very important. They have glycolic acid in them that are extremely important to the smoothing of the skin. And gone are the days, too, of those burning aftershave products.
WOLF: Thank heavens.
BENECKE: And now they have cooling products that are actually going to help so like a post shave cooling gel. And there's also going to condition the skin. So men are getting things that are really going to help soften the skin. One of the most important things men don't do is use a sunscreen, and the reason they don't use is a sunscreen is they don't like the texture of it. Men are very textural. Today they've made products and I'll have you put a little bit on. WOLF: Oh, please do.
BENECKE: Go ahead and massage it into the back of your hand and you can feel the texture of this. This isn't going to give you the white face and you're going to get the protection from the sun. And for most men the number one thing you want to do is protect yourself from the sun because that is what's going to age you the fastest.
MARCIANO: Got any magical cream for that? I mean, Reynolds and I both have kids and now are getting long in the tooth. What will save us here in the business?
BENECKE: Well, you know, like I said, anything that has a glycolic in it and there's a new product out there that have this lightweight feeling to them, this is a line smoothing cream, and that's going to help. You can wear this at night to help exfoliate and then there's also a great double duty moisturizer that's going to help smooth out fine lines, too, and it has a 20 sunscreen in it. The first one I showed you has a 40, a 45 and then this one has a 20 in it.
But the next thing, I think men, you know, puffiness and fine lines around the eyes. So here you, gentlemen, go I want you to try.
WOLF: We actually are cutting (INAUDIBLE) we are getting this we have to go on break, unfortunately, but you know, Rob and I were up last night chatting about - remember that conversation we were both in tears saying what can we do for better grooming? Now we have our answers. Julie, thanks so much for your time.
MARCIANO: We appreciate it. I notice the - not a flower on this stuff.
BENECKE: No, not a flower.
WOLF: It smells (INAUDIBLE).
BENECKE: Manly man. Good times.
WOLF: We're going to come back. We're going to drink beer.
BENECKE: Thank you.
MARCIANO: Well, it if you've been watching CNN weekend mornings for the past few years, you've probably come to know our Reynolds Wolf, you know, I got a little secret for you. You may not know this, he loves beer.
WOLF: Indeed. Indeed.
MARCIANO: He really loves beer. And I mean, who can blame you, right?
WOLF: No question about it. But the first time we met, remember, I was wearing a sombrero and roller skates and (INAUDIBLE) and you said, "No, leave this. Try beer." And I did and I'm better for it.
MARCIANO: Well, don't cut yourself short. You won me over to (INAUDIBLE).
WOLF: That's true.
MARCIANO: But this guy who is standing next to you, you speak very highly about, Kraig Torres, he's from Hop City here which I think you spent some time there as well.
WOLF: Absolutely. Craig, I know we're talking about great big beers for manly beers for Father's Day. What do we have here on the table?
KRAIG TORRES, OWNER, HOP CITY: Well, Reynolds, I picked out the five manliest beers I can find in Hop City out of 1,800 beers to choose from and the first beer we're going to talk about is is a Scotch Ale. And it's so manly it's named after a Viking.
MARCIANO: It's from Scotland?
TORRES: From Scotland. Actually from (INAUDIBLE) which is just north of Scotland proper.
MARCIANO: So that's what you have (INAUDIBLE) in the glass?
TORRES: That is not what I have (INAUDIBLE) it's going to be the (INAUDIBLE) and a scotch ale known for its really smooth toffee and caramel characteristics. That beer is no different other than the fact it's the (INAUDIBLE) inside at 8.5 percent.
WOLF: My goodness.
MARCIANO: I'll have to have some of that.
WOLF: What else do we have over here? This is the (INAUDIBLE) this is a can - it's an IPA is it?
TORRES: It is. It's a new IPA from our friends at (INAUDIBLE) out in Lions, Colorado, right in the Rocky Mountains, and it really is a Rocky Mountain avalanche of Hops in that can, it's an eight percent double IPA and it's an absolute beast. It is not there to be shy. It's there to overwhelm the senses.
MARCIANO: The industry has just exploded. (INAUDIBLE) microbrews, I don't think we even call it anymore because everybody is doing it, right? These craft beers, they seem to be getting stronger and stronger. I know we're doing a segment on manly beer, but you go into a restaurant and you see a list of these things, and they list the alcohol because some can be that powerful.
TORRES: Absolutely. Here in the state of Georgia, we can have alcohol in our beers up to 14 percent.
TORRES: Although there are beers in the market that are sometimes 30 or 40 percent alcohol.
WOLF: Is there a change going on in the industry that's been taking place over the last decades, perhaps? It seems like you have a wine culture so to speak and then you have beer. But beer is also as varied and complex as any wine, isn't it?
TORRES: I think so. I think it's more nuance and it actually pairs better with food than perhaps wine does.
WOLF: I see.
TORRES: I would argue that wine, while a wonderful ingredient, great fantastic stuff, here we have barley, we have malt, we have hops, we have 40 or so ingredients that can potentially be in those (INAUDIBLE).
MARCIANO: How does it pair with, say, a morning coffee?
TORRES: Well, we didn't bring one today but there are great coffee (INAUDIBLE) out there. I would definitely argue that in lieu of my morning coffee I could probably do a coffee (INAUDIBLE) and be perfectly happy.
WOLF: OK. So coffee (INAUDIBLE) and of course, we talked about the (INAUDIBLE), we talked about the IPA. What else do we have on the table here?
TORRES: Right in the center we have one of our local beers here in the Atlanta market, Monday Night Brewing. They're a startup. They're so manly they don't put their beer in a bottle. They only do draft beer because, frankly, hey, why stop at one.
MARCIANO: Or a moonshine like Chuck.
WOLF: There you go.
TORRES: So we put in a growler, our Hop City growler and so we pour ourselves a little (INAUDIBLE) IPA because what's more manly than a pirate?
WOLF: Exactly. I'm going to imbibe just a little bit (INAUDIBLE) for the camera for a moment.
MARCIANO: We have spit buckets. There you go.
TORRES: We have spit buckets right over here.
MARCIANO: So you would describe this - do you do the nose thing? (INAUDIBLE).
TORRES: Absolutely. That's a Simco (ph) and Cascade hops, also an IPA but it's reasonably balanced with a nice malt to go along with it. It's 7.3 percent. It's not overwhelmingly alcoholic. At the same time it just goes down easy and smooth.
MARCIANO: When noon comes around, that tastes like a lot more.
WOLF: Exactly. Good times.
All right. Kraig Torres, thanks so much for your time. We appreciate it.
MARCIANO: You're everything that Reynolds said you were. I appreciate you bringing gifts.
TORRES: My pleasure.
MARCIANO: (INAUDIBLE) manly beer for Father's Day.
WOLF: Here, here, I hear you bro.
MARCIANO: All right guys.
Listen, thanks for watching CNN SATURDAY MORNING, some fantastic show is coming up, "YOUR BOTTOM LINE."