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Need to Know News: Feisty vice presidential debate sets up Obama-Romney rematch; Peace Prize is a slap on the back for a struggling European Union
October 12th, 2012
11:13 AM ET

Need to Know News: Feisty vice presidential debate sets up Obama-Romney rematch; Peace Prize is a slap on the back for a struggling European Union

Each day, we here at "Piers Morgan Tonight" put together the news you need to know – from what happened last night to what will happen today.

For October 12, 2012 – Feisty vice presidential debate sets up Obama-Romney rematch, Peace Prize is a slap on the back for a struggling European Union, and concussion fears to keep Dale Earnhardt Jr. out of 2 races...

Feisty vice presidential debate sets up Obama-Romney rematch: "Vice President Joe Biden and Republican challenger Paul Ryan hit the campaign trail on Friday after a combative debate in which they challenged each other's facts and claims while offering starkly different visions for the direction the country should follow."

Peace Prize is a slap on the back for a struggling European Union: "The European Union won the Nobel Peace Prize on Friday as it grapples with the worst crisis since its founding - devastating debt and the threat of disintegration."

Postal Service increasing prices: "Starting January 27, the price of a first-class stamp will increase one cent to 46 cents, the Postal Service announced Thursday. Postcard postage will rise one cent as well, to 33 cents."

• JPMorgan Chase posts record profits: "JPMorgan Chase reported record profits for the third quarter, with increased revenue in every business line."

• Concussion fears to keep Earnhardt Jr. out of 2 races: "NASCAR star Dale Earnhardt Jr. will miss the next two races in the chase for the Sprint Cup after sustaining a concussion during a massive wreck on the last lap of Sunday's Good Sam 500 at Talladega, Alabama, Earnhardt said Thursday."
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  1. Ray4123

    Is Obama better off without Biden !

    October 12, 2012 at 1:12 pm | Report abuse | Reply
  2. Daniel S

    The General Election: What the ordinary people need to Know.
    I am writing to discuss some critical aspect of the upcoming general election. I go home from work and turn to CNN; I wake up in the middle of the night with CNN on my television. I am an avid listener and tracker of the recent political battles, but for a good portion of the American public that does not track the real time events of this political race, and the misconceptions, I believe that it is our responsibility to reach out to the grass roots like never before. I am a Social Worker for a national Healthcare company and I have witnessed first hand the effect of healthcare, Medicare, Medicaid programs in our community. We cannot afford to put governments in place that would jeopardize and force to eliminate the means through which our seniors get to receive the care that they need in nursing homes and in the community. It is obvious that some of the politicians who happen to make millions have no idea of what some of these benefits mean to the ordinary citizen because most of then will never have the need to apply for Medicaid benefits in order to receive care in a nursing home. The average cost for nursing home care in the state of PA runs between 6,000 to 9,000 a month and unless you can afford to pay privately, there is absolutely NO OTHER MEANS of paying for LONG TERM CARE. I know this. I fill out applications and followed the Medicare and Medicaid applications process for over 5 years in my field of work. These politicians have written proposals to change, edit and delete benefits that they do not even know how they operate in the lives of the masses.

    Lets talk about the issue of JOBS. This has been so pathetic to the fact that the Obama administration continues to receive heat from opposition for the slow growth. Let’s face the fact; like Joe Biden said in his recent debate against Paul Ryan, they continue to act like the job crisis just fell out of the sky. Let’s pretend to ignore the fact that this was the worst crisis inherited by any administration in history and concentrate on the truth, which states that the economy is indisputably bouncing back, the mortgage, job growth in physical numbers etc. The Republicans give the impression that the American public should just wake up one morning to National breaking news that states: Unemployment Rate Just Reached 5%. Give me a break for Christ’s sake. More importantly, give the President some Respect where it is obviously due. During the Bush Administration, if the economy was on a free fall with a growing loss of 7 million + jobs, first and foremost, it had to be slowed down, and then stopped, and recovery follows; undoubtedly the fact now stands that there has been more jobs created than was lost during the recession when President Obama took office. That is exactly how Nature works, and that’s how everything works. I would urge some of these politicians to move to a different planet where everything just makes a u-turn in the blink of an eye. Stop the political greed, the unrealism, and the blatant lack of respect and passion for the ordinary people of this great nation. Stop the LIES that are being fed to the American people just to get a vote; that is how America looses credibility and definitely not by expanding its army into placed that does not want Americans.
    Let’s face it; the United States will never have that SPEEDY and MIRACULOUS recovery in a global economy that’s struggling. It’s a simple concept; the American economy isn’t getting its growth from outer space. It is linked with all the other struggling economies in the world. For this great nation to be seeing growth while others are having detrimental declines in their economies, that says a lot about the work and progress of the United States. If the explanation too complicated for some politicians to understand, here’s a simpler explanation on a smaller scale; if one state in the U.S produces candy, and the other 50 are in financial crisis and cannot afford to buy, it means that the candy business in that state will have a very difficult time keeping business afloat.
    Foreign Policy: I would not want to writs at lengths about this because one would think that I that Joe Biden smeared the concept for everyone to understand. Mission completed; the Afghans must now take ownership and responsibility unless the U.S would rather continue to spend billions of dollars in areas of the world where our presence is clearly not wanted. We cannot fix the world, but encourage, through our allies and the U.N to apply systems and measures that would aid towards peace in other nation. The U.S cannot and will never be able to do it all alone; it was tried in Iraq with very minimal assistance from other nations, which led to a devastating debt crisis. Help yourself first, and then you can help everyone else-a simple model for our politicians.

    These are just a handful of many critical issues that need to be addressed and understood by the average individual struggling to put a meal on the table for the following day. I believe that a good portion of the public hears about these issues but are not educated about them. We must make a move to get out in the community and educate people about the choices that they are about to make in the General Elections in November. I will continue to write for the sake of the average joe. Americans need to stop voting for Democrats or Republicans just because they’ve always been a member of either party. We live in a progressive world where every move or decision we make will affect us and the lives of generations to come.

    October 12, 2012 at 2:05 pm | Report abuse | Reply
    • Ninja

      The every day people have chosen to keep blinders on sadly.

      October 12, 2012 at 8:53 pm | Report abuse | Reply
  3. dianne P

    Listened briefly to Piers Morgan on CNN stating that Biden won the debate. What a complete and utter moron. I wondered if Biden was on drugs. When he laughed about 4 Americans being killed in the recent terror attack he and Obama tried to blame on a video I thought he was treasonous. His constant interruption and inappropriate smirking should have been dealt with by the moderator but she only kept questioning Ryan skeptically. The interview was a real good look at the right hand of the president . Run for your life Mrs Clinton as you are going to get the blame.

    October 12, 2012 at 10:01 pm | Report abuse | Reply
    • Jaker, Dublin

      Biden did win the debate...with more knockouts on his fake contender than Muhammad Ali delivered in his very magnificent career. Do you know what Dianne? Well I'll tell you, most Americans laughed along with Joe...when he laughed at Ryan. And I laughed more than anyone!

      October 13, 2012 at 11:04 pm | Report abuse | Reply
  4. SALOMON ABREGO

    TONIGHT SHOW FEATURING ARNOLD SCHARTZNEGGER WEARS A RING SIMILAR TO THE ONE WORNED BY SS TOTTENDED TROOPS IN WWII

    October 14, 2012 at 9:43 pm | Report abuse | Reply

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