1 00:00:08,675 --> 00:00:17,283 >>> GOOD MORNING, EVERYBODY. >> WHERE IS THE ECONOMY HEADING? THERE ARE FEW PEOPLE WHO UNDERSTAND THIS COMPLICATED 2 00:00:17,350 --> 00:00:24,023 MOMENT BETTER THAN JANET YELLEN. THE TREASURY SECRETARY IS AN ECONOMIST WHO PREVIOUSLY CHAIRED THE FEDERAL RESERVE. 3 00:00:24,090 --> 00:00:31,598 WE ASKED HER ABOUT A WIDE RANGE OF ISSUES THAT ARE AFFECTING AMERICAN FAMILIES IN A REAL WAY EVERY DAY. 4 00:00:31,664 --> 00:00:37,270 >> WHEN I TALK TO BUSINESS LEADERS, THEY SAY WE'RE PREPARING FOR A RECESSION. SO SOME SAID TO ME, ASK THE 5 00:00:37,337 --> 00:00:46,246 TREASURY SECRETARY, WHAT DOES SHE KNOW THAT WE DON'T KNOW? >>> MORE THAN 150 LAWSUITS AGAINST SOCIAL MEDIA COMPANIES 6 00:00:46,312 --> 00:00:52,085 WILL MOVE FORWARD NEXT YEAR. TONIGHT, YOU'LL HEAR FROM SOME OF THE FAMILIES WHO ARE TAKING THEM ON. 7 00:00:52,152 --> 00:00:58,258 >> WE'RE BEING GASLIGHTED BY THE BIG TECH COMPANIES THAT IT'S OUR FAULT. WHEN REALLY WHAT WE SHOULD BE 8 00:00:58,324 --> 00:01:06,966 DOING AS PARENTS IS BANNING TOGETHER AND SAYING, NO, YOU NEED TO DO BETTER. I'M DOING EVERYTHING I CAN. 9 00:01:07,033 --> 00:01:15,208 YOU NEED TO DO BETTER. >>> YOU CAN'T WAVE A WAND AND MAKE INTOLERANCE, HARDSHIP AND VIOLENCE DISAPPEAR, BUT YOU CAN 10 00:01:15,275 --> 00:01:22,048 USE MAGIC TO TRY. >> EVERYBODY, THE MAGIC -- >> Reporter: WE LEARNED THAT AFTER VISITING REMARKABLE SCHOOL 11 00:01:22,115 --> 00:01:29,055 IN CAPE TOWN, SOUTH AFRICA, CALLED COLLEGE OF MAGIC. WHILE IT'S NOT AN ACCREDITED INSTITUTION, IT IS A REAL LIFE 12 00:01:29,122 --> 00:01:35,328 HOG WARTS. SCHOOL FILLED WITH STUDENTS FROM PRIVILEGE AND FROM POVERTY. >> ONE, TWO, THREE -- HOKUS 13 00:01:35,395 --> 00:01:46,539 POKUS. >>> I'M LESLEY STAHL. >> I'M BILL WHITAKER. >> I'M ANDERSON COOPER. 14 00:01:46,606 --> 00:01:49,409 >> I'M SHARYN ALFONSI. >> I'M JON WERTHEIM. >> I'M NORAH O'DONNELL. >> I'M SCOTT PELLEY. 15 00:01:49,476 --> 00:02:06,292 THOSE STORIES AND MORE TONIGHT ON "60 MINUTES >>> AS INFLATION HOVERS AT A 40-YEAR HIGH, THE PANDEMIC 16 00:02:06,359 --> 00:02:11,998 LINGERS AND THE WAR IN UKRAINE RAGES, A GROWING NUMBER OF ECONOMISTS AND CEOs ARE SAYING THE U.S. IS HEADED FOR A 17 00:02:12,065 --> 00:02:21,941 RECESSION. THE SECRETARY OF THE TREASURY, JANET YELLEN, ESSENTIALLY THE NATION'S CHIEF FINANCIAL 18 00:02:22,008 --> 00:02:36,389 OFFICER, SAYS SHE'S DOING EVERYTHING IN HER POWER TO AVOID ONE. YELLEN SAN ECONOMIST WITH OVER 19 00:02:36,456 --> 00:02:38,958 50 YEARS OF EXPERIENCE, AND THE FORMER CHAIR OF THE FEDERAL RESERVE. THE U.S. CENTRAL BANK IN CHARGE 20 00:02:39,025 --> 00:02:43,429 OF SETTING AMERICAN INTEREST RATES. SHE KNOWS BETTER THAN MOST ABOUT THE DELICATE BALANCE OF TRYING 21 00:02:43,496 --> 00:02:46,699 TO ENGINEER AN ECONOMY THAT KEEPS INFLATION AT BAY WITHOUT CAUSING WIDESPREAD LAYOFFS AND A DOWNTURN. 22 00:02:46,766 --> 00:02:50,870 WE WANTED TO FIND OUT WHAT LIES AHEAD IN THE NEW YEAR, SO WE SPENT THE PAST WEEK WITH SECRETARY YELLEN TO GET AN 23 00:02:50,937 --> 00:02:58,878 UPDATE ON THE ECONOMY. WHAT IS 2023 GOING TO LOOK LIKE FOR THE AVERAGE CONSUMER? >> SO, I BELIEVE INFLATION WILL 24 00:02:58,945 --> 00:03:07,554 BE LOWER. I AM VERY HOPEFUL THAT THE LABOR MARKET WILL REMAIN QUITE HEALTHY SO THAT PEOPLE CAN FEEL GOOD 25 00:03:07,620 --> 00:03:11,291 ABOUT THEIR FINANCES AND THEIR PERSONAL ECONOMIC SITUATION. >> Reporter: IT'S BEEN DECADES SINCE THE AMERICAN CONSUMER HAS 26 00:03:11,357 --> 00:03:16,996 HAD TO DEAL WITH INFLATION LIKE THIS. >> YES. AND I HOPE THAT IT WILL BE SHORT 27 00:03:17,063 --> 00:03:34,747 LIVED. WE LEARNED A LOT OF LESSONS FROM THE HIGH INFLATION WE EXPERIENCED IN THE 1970s, AND 28 00:03:34,814 --> 00:03:42,388 WE'RE ALL AWARE THAT IT'S CRITICALLY IMPORTANT THAT INFLATION BE BROUGHT UNDER CONTROL AND NOT BECOME ENDEMIC 29 00:03:42,455 --> 00:03:52,365 TO OUR ECONOMY. AND WE'RE MAKING SURE THAT THAT WON'T HAPPEN. >> Reporter: SECRETARY YELLEN 30 00:03:52,432 --> 00:04:01,474 TOLD US SHE SEES POSITIVE SIGNS ON THE HORIZON THAT MANY OF THE UNDERLYING CAUSES ARE SLOWLY BEING RESOLVED. 31 00:04:01,541 --> 00:04:07,614 >> FIRST OF ALL, SHIPPING COSTS HAVE COME DOWN. DELIVERY LAGS, WHICH WERE VERY LONG, THOSE HAVE SHORTENED. 32 00:04:07,680 --> 00:04:18,825 >> Reporter: GAS PRICES DOWN? >> GAS PRICES ARE WAY DOWN. I THINK WE'LL SEE A SUBSTANTIAL REDUCTION IN INFLATION IN THE 33 00:04:18,891 --> 00:04:25,565 YEAR AHEAD. >> Reporter: IT'S GOING TO TAKE A YEAR? >> WELL, I BELIEVE BY THE END OF 34 00:04:25,632 --> 00:04:30,203 NEXT YEAR YOU WILL SEE MUCH LOWER INFLATION. IF THERE'S NOT AN UNANTICIPATED SHOCK. 35 00:04:30,269 --> 00:04:33,740 >> Reporter: BUT FOR FAMILIES WHO ARE PAYING MORE AT THE GROCERY STORE, WHEN 2023 COMES AROUND, DO THEY NEED TO BE 36 00:04:33,806 --> 00:04:38,211 WORRIED ABOUT A RECESSION? >> THERE ARE ALWAYS RISKS OF A RECESSION. THE ECONOMY REMAINS PRONE TO 37 00:04:38,277 --> 00:04:47,553 SHOCKS. BUT LOOK, WE HAVE A VERY HEALTHY BANKING SYSTEM. WE HAVE VERY HEALTHY BUSINESS 38 00:04:47,620 --> 00:04:55,261 AND HOUSEHOLD SECTOR. >> Reporter: YOU HAVE SAID THIS, YOU DO NOT BELIEVE THERE WILL BE A RECESSION NEXT YEAR? 39 00:04:55,328 --> 00:05:03,903 >> THERE'S A RISK OF RECESSION, BUT IT CERTAINLY ISN'T, IN MY VIEW, SOMETHING THAT IS NECESSARY TO BRING INFLATION 40 00:05:03,970 --> 00:05:10,810 DOWN. >> Reporter: IN RECENT WEEKS, AMAZON, DOORDASH, META, CBS NEWS PARENT COMPANY PARAMOUNT AND 41 00:05:10,877 --> 00:05:15,548 PEPSI ALL HAD LAYOFFS. WHEN I TALK TO BUSINESS LEADERS, THEY SAY WE'RE PREPARING FOR A RECESSION. 42 00:05:15,615 --> 00:05:24,524 SO SOME HAVE SAID TO ME, ASK THE TREASURY SECRETARY, WHAT DOES SHE KNOW THAT WE DON'T KNOW? >> WELL, ECONOMIC GROWTH IS 43 00:05:24,590 --> 00:05:30,930 SLOWING SUBSTANTIALLY AND BUSINESSES SEE THAT. LOOK, WE HAD A VERY RAPID RECOVERY FROM THE PANDEMIC. 44 00:05:30,997 --> 00:05:42,275 ECONOMIC GROWTH WAS VERY HIGH. AND THERE WAS A SURGE IN HIRING, PUT PEOPLE BACK TO WORK. WE GOT PEOPLE BACK TO WORK. 45 00:05:42,341 --> 00:05:50,016 WE CLOSED THAT GAP. WE HAVE A HEALTHY LABOR MARKET TO BRING DOWN INFLATION AND BECAUSE ALMOST EVERYBODY WHO 46 00:05:50,083 --> 00:05:59,258 WANTS A JOB HAS A JOB, GROWTH HAS TO SLOW. >> Reporter: WHEN YOU SAY GROWTH HAS TO SLOW, THAT MEANS HIRING? 47 00:05:59,325 --> 00:06:08,101 >> WE ARE AT OR BEYOND FULL EMPLOYMENT. AND SO, IT IS NOT NECESSARY FOR THE ECONOMY TO GROW AS RAPIDLY 48 00:06:08,167 --> 00:06:19,312 AS IT HAS BEEN GROWING TO PUT PEOPLE BACK TO WORK. >> Reporter: JANET YELLEN HAS SPENT HER CAREER IN ECONOMICS, 49 00:06:19,378 --> 00:06:25,918 FOCUS ON PUTTING PEOPLE TO WORK. AS HEAD OF THE SAN FRANCISCO FEDERAL RESERVE IN 2009 THE MIDDLE OF THE GREAT RECESSION, 50 00:06:25,985 --> 00:06:30,923 SHE GAVE HER STAFF SOME MEMORABLE MARCHING ORDERS. >> I TRIED TO REMIND THEM THAT THERE ARE PEOPLE BEHIND THE 51 00:06:30,990 --> 00:06:37,296 STATISTICS THAT WE LOOK AT. THAT THERE ARE REAL PEOPLE, AND WE REALLY HAVE TO WORRY ABOUT THEIR WELL BEING. 52 00:06:37,363 --> 00:06:43,536 >> Reporter: THOUSANDS OF PEOPLE WERE BEING LAID OFF, AND YOU TRIED TO REMIND EVERYBODY THAT, THIS IS NOT ABOUT STATISTICS, 53 00:06:43,603 --> 00:06:54,981 RIGHT? >> I SAID THEY'RE [ BLEEP ] PEOPLE. AND I WANTED PEOPLE THAT WORK 54 00:06:55,047 --> 00:07:03,055 FOR ME TO TAKE SERIOUSLY THE HARM AND MISERY THAT WAS BEING EXPERIENCED BY ALL TOO MANY AMERICANS. 55 00:07:03,122 --> 00:07:09,695 >> Reporter: HOW DOES THAT AFFECT HOW YOU SET POLICY, HOW YOU OPERATE HERE? >> ONE HAS TO REALIZE THAT 56 00:07:09,762 --> 00:07:26,546 PEOPLE ARE REALLY SUFFERING. AND I TRY TO MAKE SURE THAT EVERYBODY REMEMBERS WE'RE IMPLEMENTING PROGRAMS THAT 57 00:07:26,612 --> 00:07:31,384 AFFECT PEOPLE'S LIVES. AND WE NEED TO DO IT WITH A SENSE OF COMPASSION AND URGENCY. >> Reporter: SECRETARY YELLEN 58 00:07:31,450 --> 00:07:42,929 TOLD US OUTSIDE OF THE U.S. ECONOMY, THE ISSUE SHE SPENDS THE MOST TIME ON IS THE WAR IN UKRAINE. 59 00:07:42,995 --> 00:07:51,037 THE ONLY NATION'S FLAG WE SAW IN THE HALLS OF TREASURY BESIDES THE STARS AND STRIPES WAS THE BLUE AND YELLOW OF UKRAINE. 60 00:07:51,103 --> 00:07:54,273 YOU HAVE SAID THAT ENDING RUSSIA'S WAR AGAINST UKRAINE IS THE SINGLE BEST THING WE CAN DO FOR THE GLOBAL ECONOMY. 61 00:07:54,340 --> 00:08:00,246 >> YES. >> Reporter: DO YOU SEE ANY EVIDENCE THAT THAT END IS IN SIGHT? 62 00:08:00,313 --> 00:08:07,453 >> WE'RE DOING EVERYTHING WE CAN TO BRING THIS WAR TO A CONCLUSION. OF COURSE, WE'RE PROVIDING 63 00:08:07,520 --> 00:08:14,227 CONSIDERABLE HELP TO UKRAINE BOTH MILITARY AND ECONOMIC. GOOD MORNING, EVERYBODY. >> Reporter: THE AGENCY IN 64 00:08:14,293 --> 00:08:21,033 CHARGE OF IMPLEMENTING MORE THAN 1,000 SANCTIONS ON THE RUSSIAN BANKING, ENERGY AND MILITARY INDUSTRIES ISN'T THE STATE 65 00:08:21,100 --> 00:08:29,876 DEPARTMENT OR THE PENTAGON, IT'S THE TREASURY. YELLEN HAS PUT 41-YEAR-OLD DEPUTY SECRETARY WALLY YATAYAMO 66 00:08:29,942 --> 00:08:36,082 IN EFFORTS TO TRY TO CRIPPLE THE RUSSIAN ECONOMY AND DEPRIVE THE RUSSIAN MILITARY OF WHAT IT NEEDS TO FIGHT. 67 00:08:36,148 --> 00:08:47,126 MUCH OF THE FINANCIAL WAR AGAINST RUSSIA IS BEING FOUGHT FROM BEHIND THESE CLOSED DOORS AT TREASURY IN ROOMS CALLED 68 00:08:47,193 --> 00:08:52,098 SECURE, COMPARTMENTALIZED INFORMATION FACILITY. OR SCIFS. WHAT CAN YOU DO IN THESE ROOMS 69 00:08:52,164 --> 00:08:58,404 THAT WILL LIMIT RUSSIA'S INVASION ON UKRAINE? >> WE ALSO SEE INTELLIGENCE ABOUT WHAT RUSSIA NEEDS TO 70 00:08:58,471 --> 00:09:03,209 CONTINUE ITS WAR IN UKRAINE. >> Reporter: SO HOW MUCH TIME DO YOU SPEND IN THE SCIF'S? >> I WILL SPEND SOMETIMES HOURS 71 00:09:03,276 --> 00:09:10,516 A DAY -- >> Reporter: HOURS A DAY. >> YEAH. AND THE SECRETARY AND I WILL DO 72 00:09:10,583 --> 00:09:17,924 A FEW MEETNESS THERE A WEEK TOGETHER WITH THE TEAM TO REVIEW OUR PROGRESS ACROSS A NUMBER OF ISSUES. 73 00:09:17,990 --> 00:09:25,097 >> Reporter: THE DEPUTY SECRETARY TOLD US LIMITING RUSSIA'S SUPPLY OF EVERYTHING FROM MICROCHIPS TO BALL BEARINGS 74 00:09:25,164 --> 00:09:30,703 HAS MADE A DIFFERENT ON THE BATTLEFIELD. TAKE ME BEHIND THE SCENES ABOUT HOW YOU KNOW THAT THE SANCTION 75 00:09:30,770 --> 00:09:35,074 THAT YOU HAVE AND OTHER COUNTRIES HAVE IMPOSED IS REALLY HAVING AN EFFECT? >> I WON'T TELL YOU ABOUT ANY 76 00:09:35,141 --> 00:09:41,013 INTELLIGENCE THAT I'VE SEEN, BUT I CAN TELL YOU RUSSIA'S TOP TANK PRODUCERS SHUT DOWN THEIR OPERATIONS AND MADE THIS PUBLIC 77 00:09:41,080 --> 00:09:49,522 BECAUSE THEY CAN'T GET THE EQUIPMENT THEY NEED. >> Reporter: U.S. AND ALLIED SANCTIONS HAVE TAKEN A 78 00:09:49,588 --> 00:09:55,928 SIGNIFICANT TOLL ON RUSSIA'S MILITARY. BUT CBS NEWS HAS LEARNED SOME OF THE CRUISE MISSILES THAT RUSSIA 79 00:09:55,995 --> 00:10:01,701 LAUNCHED IN ATTACKS ON THE UKRAINIAN CAPITAL OF KYIV ON NOVEMBER 23rd WERE MADE IN RUSSIA JUST WEEKS EARLIER. 80 00:10:01,767 --> 00:10:09,675 DOES THAT SUGGEST THAT RUSSIA IS EVADING SOME OF THESE SANCTIONS THAT YOU'RE CRAFTING RIGHT HERE AT THE TREASURY DEPARTMENT? 81 00:10:09,742 --> 00:10:17,450 >> SO, I DON'T KNOW THE DETAILS ON THESE MISSILES. I WOULD SAY THAT RUSSIA'S ABILITY TO SUPPLY ITS MILITARY 82 00:10:17,516 --> 00:10:25,791 HAS BEEN VERY SIGNIFICANTLY ERODED BY THE SANCTIONS AND THE EXPORT CONTROLS. >> Reporter: STARTING THIS PAST 83 00:10:25,858 --> 00:10:33,933 WEEK, THE G7 WHICH INCLUDES THE U.S. AND THE EUROPEAN UNION PLUS AUSTRALIA AGREED TO A PRICE CAP OF $60 A BARREL ON RUSSIAN OIL. 84 00:10:34,000 --> 00:10:42,808 THE ELABORATE PLAN EIGHT MONTHS IN THE MAKING CAME TOGETHER JUST AS EUROPE PLACED A BAN ON THE IMPORTATION OF RUSSIAN OIL. 85 00:10:42,875 --> 00:10:51,283 RAISING FEARS OF A PRICE SPIKE THAT WOULD HIT A CONTINENT ALREADY SUFFERING FROM HIGH ENERGY PRICES. 86 00:10:51,350 --> 00:11:01,594 WHAT DOES THIS PRICE CAP ON RUSSIAN OIL DO? WHAT'S THE GOAL? >> THE FIRST GOAL IS TO LIMIT 87 00:11:01,660 --> 00:11:08,467 THE REVENUE THAT RUSSIA RECEIVES, AND WE WANT TO MAKE SURE THAT THEY DON'T GET ROOM FULL OF PROFITS, BUT THE SECOND 88 00:11:08,534 --> 00:11:19,245 GOAL IS ONE THAT CONCERNS AMERICANS AND COUNTRIES ALL AROUND THE WORLD, AND THAT IS WE WANT TO KEEP RUSSIAN OIL FLOWING 89 00:11:19,311 --> 00:11:26,886 BECAUSE RUSSIA IS A SIGNIFICANT SUPPLIER OF OIL TO THE MARKETS. SO, THOSE ARE OUR TWO GOALS. SUPPRESS RUSSIAN REVENUE, MAKE 90 00:11:26,952 --> 00:11:36,829 IT MORE DIFFICULT FOR THEM TO FIGHT THE WAR AND KEEP GLOBAL PRICES IN A MODERATE RANGE AND AVOID SPIKES. 91 00:11:36,896 --> 00:11:41,700 >> Reporter: THAT'S A PRETTY DELICATE BALANCE. >> IT IS. IT'S NEW. 92 00:11:41,767 --> 00:11:49,575 THE PRICE CAP ONLY WENT INTO EFFECT AT THE BEGINNING OF THIS WEEK, BUT I WOULD SAY SO FAR SO GOOD. 93 00:11:49,642 --> 00:11:58,350 >> Reporter: THE AMERICAN PEOPLE HAVE COMMITTED 38 BILLION TO MILITARY AID TO UKRAINE. AN ADDITIONAL 13 BILLION IN 94 00:11:58,417 --> 00:12:10,229 DIRECT AID TO PROP UP THE UKRAINIAN ECONOMY. HOW LONG CAN THAT SUPPORT AND BILLIONS OF DOLLARS CONTINUE FOR 95 00:12:10,296 --> 00:12:13,666 UKRAINE? >> FOR AS LONG AS IT TAKES. >> Reporter: THE U.S. TREASURY WAS SET UP TO FINANCE ANOTHER 96 00:12:13,732 --> 00:12:23,309 WAR, THE WAR OF INDEPENDENCE AGAINST GREAT BRITAIN, BEFORE THE U.S. EVEN EXISTED. IT IS THE OLDEST DEPARTMENTAL 97 00:12:23,375 --> 00:12:31,083 BUILDING IN WASHINGTON, WHERE AS THE 78th SECRETARY, JANET YELLEN, MADE HISTORY. >> I AM THE FIRST WOMAN. 98 00:12:31,150 --> 00:12:40,926 >> Reporter: AH. SO THIS IS YOUR OFFICE? >> THIS IS MY OFFICE. >> Reporter: YELLEN ENJOYS A 99 00:12:40,993 --> 00:12:44,830 PERSONAL CONNECTION TO ANOTHER TREASURY SECRETARY WHO ONCE MADE HISTORY HIMSELF. >> THIS IS ANOTHER PORTRAIT OF 100 00:12:44,897 --> 00:12:50,169 HAMILTON. >> Reporter: AND YOU ACTUALLY WENT TO HAMILTON HIGH SCHOOL IN BROOKLYN? 101 00:12:50,236 --> 00:12:58,511 >> I DID. IT WAS NAMED AFTER HAMILTON, OF COURSE. >> Reporter: DID YOU EVER THINK 102 00:12:58,577 --> 00:13:02,982 I WOULD FOLLOW IN HIS FOOTSTEPS? >> I CERTAINLY NEVER THOUGHT OF IT AT THE TIME. I DIDN'T EVEN KNOW THAT I WOULD 103 00:13:03,048 --> 00:13:07,653 STUDY ECONOMICS. >> Reporter: SHE WAS BORN IN BAY RIDGE, BROOKLYN, AFTER GRADUATING FROM BROWN 104 00:13:07,720 --> 00:13:15,361 UNIVERSITY, THE SECRETARY EARNED A Ph.D. IN ECONOMICS FROM YALE IN 1971. SHE WAS THE ONLY WOMAN IN HER 105 00:13:15,427 --> 00:13:22,935 CLASS. THE NOTES SHE TOOK AS A TEACHING ASSISTANT ARE PASSED DOWN BY GRADUATE STUDENTS TO THIS DAY. 106 00:13:23,002 --> 00:13:29,875 MORE THAN HALF A CENTURY LATER, THIS PAST THURSDAY WE FOLLOWED SECRETARY YELLEN TO FT. WORTH, TEXAS, TO SEE THE FIRST DOLLAR 107 00:13:29,942 --> 00:13:33,779 BILLS WITH HER SIGNATURE GO INTO PRODUCTION. HOT OFF THE PRESS. >> OH MY GOSH. 108 00:13:33,846 --> 00:13:38,784 OH, THAT'S FANTASTIC. THAT'S WONDERFUL. I'M REALLY EXCITED. THAT'S JUST GREAT. 109 00:13:38,851 --> 00:13:43,622 >> Reporter: THIS BUREAU OF ENGRAVING AND PRINTING PLANT IS PART OF TREASURY AND ONE OF ONLY TWO SITES IN THE NATION THAT 110 00:13:43,689 --> 00:13:52,598 PRINT AMERICAN CURRENCY. $2 TRILLION WORTH IS CURRENTLY IN CIRCULATION WORLDWIDE, MOST OF IT PRINTED HERE. 111 00:13:52,665 --> 00:14:00,105 >> OH MY GOSH, LOOK. >> Reporter: THIS OCCASION MARKED THE FIRST TIME IN THE NATION'S NEARLY 250 YEAR HISTORY 112 00:14:00,172 --> 00:14:09,281 THAT THE TWO SIGNATURES ON THE DOLLAR, U.S. TREASURER AND SECRETARY OF THE TREASURY WERE BOTH SIGNED BY WOMEN. 113 00:14:09,348 --> 00:14:12,418 >> I WISH MY PARENTS WERE ALIVE TO SEE THIS. >> YEAH, YEAH. >> I THINK THEY WOULD FIND IT 114 00:14:12,484 --> 00:14:17,656 VERY EXCITING. >> Reporter: YOU HAD MANY FIRSTS. THE FIRST FEMALE HEAD OF THE 115 00:14:17,723 --> 00:14:25,831 FED, THE FIRST FEMALE HEAD OF THE U.S. TREASURY, AND NOW TO SEE YOUR NAME ON THESE DOLLAR BILLS, WHAT DOES THAT MEAN? 116 00:14:25,898 --> 00:14:31,437 >> WELL, I'M IMMENSELY HONORED BY IT, BUT YOU KNOW, OUR CURRENCY IS REALLY ABOUT OUR VALUES AND OUR SENSE OF 117 00:14:31,503 --> 00:14:39,745 OURSELVES AS A NATION. AND THEY SIGNIFY A SOUND ECONOMY, A STRONG FINANCIAL SYSTEM AND A COUNTRY THAT'S ABLE 118 00:14:39,812 --> 00:14:58,831 TO PRODUCE CURRENCY THAT REALLY IS THE STANDARD AROUND THE WORLD. >>> WHEN WHISTLEBLOWER FRANCES 119 00:14:58,897 --> 00:15:09,908 HAUGEN PULLED BACK THE CURTAIN ON FACEBOOK LAST FALL, THOUSANDS OF PAGES OF INTERNAL DOCUMENTS SHOWED TROUBLING SIGNS THAT THE 120 00:15:09,975 --> 00:15:15,748 SOCIAL MEDIA GIANT KNEW ITS PLATFORMS COULD BE NEGATIVELY IMPACTING YOUTH AND WERE DOING LITTLE TO EFFECTIVELY CHANGE IT. 121 00:15:15,814 --> 00:15:23,489 WITH AROUND 21 MILLION AMERICAN ADOLESCENTS ON SOCIAL MEDIA, PARENTS TOOK NOTE. TODAY, THERE ARE MORE THAN 1,200 122 00:15:23,555 --> 00:15:30,696 FAMILIES PURSUING LAWSUITS AGAINST SOCIAL MEDIA COMPANIES, INCLUDING TIKTOK, SNAPCHAT, YOUTUBE, META, THE PARENT 123 00:15:30,763 --> 00:15:39,305 COMPANY TO INSTAGRAM AND FACEBOOK. MORE THAN 150 LAWSUITS WILL BE MOVING FORWARD NEXT YEAR. 124 00:15:39,371 --> 00:15:48,147 TONIGHT, YOU'LL HEAR FROM SOME OF THE FAMILIES SUING SOCIAL MEDIA. WE WANT TO WARN YOU THAT SOME OF 125 00:15:48,213 --> 00:15:53,085 THE CONTENT IN THIS STORY IS ALARMING, BUT WE THOUGHT IT WAS IMPORTANT TO INCLUDE BECAUSE PARENTS SAY THE POSTS IMPACTED 126 00:15:53,152 --> 00:15:58,791 THEIR KID'S MENTAL HEALTH AND IN SOME CASES HELPED LEAD TO THE DEATH OF THEIR CHILDREN. >> THEY'RE HOLDING OUR CHILDREN 127 00:15:58,857 --> 00:16:03,128 HOSTAGE AND THEY'RE SEEKING AND PREYING ON THEM. >> Reporter: PREYING ON THEM? >> YES. 128 00:16:03,195 --> 00:16:11,003 >> Reporter: THE SPENCE FAMILY IS SUING SOCIAL MEDIA GIANT META, KATHLEEN AND JEFF SPENCE SAY INSTAGRAM LED THEIR DAUGHTER 129 00:16:11,070 --> 00:16:17,943 ALEXIS INTO DEPRESSION AND TO AN EATING DISORDER AT THE AGE OF 12. >> WE REALIZED THAT WE WERE 130 00:16:18,010 --> 00:16:25,484 SLOWLY LOSING HER. WE REALLY HAD NO COMPREHENSION TO HOW SEVERE SOCIAL MEDIA HAD AFFECTED OUR DAUGHTER. 131 00:16:25,551 --> 00:16:32,491 SHE WAS BEING DRAWN INTO THIS HIDDEN SPACE AND THIS DARK WORLD. >> Reporter: IT BEGAN AFTER THE 132 00:16:32,558 --> 00:16:39,898 SPENCE'S BOTH MIDDLE SCHOOLTEACHERS FROM LONG ISLAND, NEW YORK, GAVE 11-YEAR-OLD ALEXIS A CELL PHONE TO KEEP IN 133 00:16:39,965 --> 00:16:44,169 TOUCH WITH THEM AFTER SCHOOL. >> WE HAD VERY STRICT RULES FROM THE MOMENT SHE HAD THE PHONE. THE PHONE WAS NEVER ALLOWED IN 134 00:16:44,236 --> 00:16:49,141 THE ROOM AT NIGHT. WE WOULD KEEP THE PHONE IN THE HALL. >> WE CHECKED THE PHONE. 135 00:16:49,208 --> 00:16:55,013 WE PUT RESTRICTIONS ON THE PHONE. >> I WOULD WAIT FOR MY PARENTS TO FALL ASLEEP AND JUST SIT IN 136 00:16:55,080 --> 00:16:59,752 THE HALLWAY OR SNEAK MY PHONE IN MY ROOM. I WASN'T ALLOWED TO USE A LOT OF APPS AND THEY HAD A LOT OF THE 137 00:16:59,818 --> 00:17:04,189 PARENTAL CONTROLS ON. >> Reporter: SO HOW QUICKLY DID YOU FIGURE OUT A WAY AROUND THE RESTRICTIONS? 138 00:17:04,256 --> 00:17:11,397 >> PRETTY QUICKLY. >> Reporter: HOPING TO CONNECT AND KEEP UP WITH FRIENDS, ALEXIS JOINED INSTAGRAM. 139 00:17:11,463 --> 00:17:19,805 INSTAGRAM POLICY MANDATES USERS ARE 13 YEARS OLD. ALEXIS WAS 11. I THOUGHT YOU HAD TO BE 13? 140 00:17:19,872 --> 00:17:24,143 >> IT ASKS YOU ARE YOU 13 YEARS OR OLDER. I CHECKED THE BOX YES AND JUST KEPT GOING. 141 00:17:24,209 --> 00:17:27,846 >> Reporter: AND THERE WAS NEVER ANY CHECKS. >> NO. NO VERIFICATION OR ANYTHING LIKE 142 00:17:27,913 --> 00:17:32,451 THAT. >> Reporter: IF I PICKED UP YOUR PHONE, WOULD I HAVE SEEN THE INSTAGRAM APP ON THERE? 143 00:17:32,518 --> 00:17:40,292 >> NO. THERE ARE APPS YOU CAN USE TO DISGUISE AS ANOTHER APP SO YOU COULD DOWNLOAD A CALCULATOR, 144 00:17:40,359 --> 00:17:44,430 CALCULATOR BUT IT'S REALLY INSTAGRAM. >> THERE WAS ALWAYS SOME WORK AROUND. 145 00:17:44,496 --> 00:17:49,435 >> Reporter: SHE WAS OUT WHITING YOU? >> RIGHT. >> SHE WAS ADDICTING TO SOCIAL 146 00:17:49,501 --> 00:18:00,245 MEDIA. AND WE COULDN'T STOP IT. IT WAS MUCH BIGGER THAN US. >> NOW, 20, ALEXIS SAYS AN 147 00:18:00,312 --> 00:18:07,119 INNOCENT SEARCH ON INSTAGRAM FOR FITNESS ROUTINES LED HER INTO A DARK WORLD. >> STARTED AS FITNESS STUFF AND 148 00:18:07,186 --> 00:18:09,721 THEN I GUESS THAT WOULD SPARK THE ALGORITHM TO SHOW ME DIETS. THEN STARTED TO SHIFT INTO EATING DISORDERS. 149 00:18:09,788 --> 00:18:17,329 >> Reporter: WHAT WERE YOU SEEING? >> PEOPLE WOULD POST PHOTOS OF THEMSELVES WERE VERY SICKLY OR 150 00:18:17,396 --> 00:18:24,336 THIN AND USING THEM TO PROMOTE EATING DISORDERS. >> Reporter: THESE ARE SOME OF THE IMAGES THAT WERE SENT TO 151 00:18:24,403 --> 00:18:31,043 ALEXIS THROUGH INSTAGRAM'S ALGORITHMS, WHICH PROCESS THE USER'S BROWSING HISTORY AND PERSONAL DATA THEN PUSH CONTENT 152 00:18:31,109 --> 00:18:37,216 TO THEM THEY NEVER DIRECTLY ASKED FOR. WHAT DID YOU LEARN FROM LOOKING AT THESE PROANOREXIC WEBSITES? 153 00:18:37,282 --> 00:18:46,458 >> A LOT. LEARNING ABOUT DIET PILLS AND HOW TO LOSE WEIGHT WHEN YOU'RE 11 AND GOING THROUGH PUBERTY AND 154 00:18:46,525 --> 00:18:55,067 YOUR BODY IS SUPPOSED TO BE CHANGING. IT'S HARD. >> Reporter: WHEN DID THAT STOP 155 00:18:55,133 --> 00:18:59,037 BEING SOMETHING THAT YOU LOOKED AT AND START BEING SOMETHING THAT YOU WERE DOING TO YOURSELF? >> WITHIN MONTHS. 156 00:18:59,104 --> 00:19:01,773 >> Reporter: DID IT NORMALIZE IT FOR YOU? DID YOU THINK OTHER PEOPLE WERE DOING THIS? 157 00:19:01,840 --> 00:19:06,745 >> DEFINITELY. THEY NEEDED HELP. I NEEDED HELP. INSTEAD OF GETTING HELP, I WAS 158 00:19:06,812 --> 00:19:13,318 GETTING ADVICE ON HOW TO CONTINUE. >> Reporter: BY THE TIME SHE WAS 12, ALEXIS HAD DEVELOPED AN 159 00:19:13,385 --> 00:19:20,359 EATING DISORDER. SHE HAD MULTIPLE INSTAGRAM ACCOUNTS AND SAYS SHE WOULD SPEND FIVE HOURS A DAY SCROLLING 160 00:19:20,425 --> 00:19:29,334 THROUGH THE APP, EVEN THOUGH IT OFTEN MADE HER FEEL DEPRESSED. SHE DREW THIS PICTURE OF HERSELF IN HER DIARY CRYING, SURROUNDED 161 00:19:29,401 --> 00:19:35,407 BY HER PHONE AND LAPTOP WITH THOUGHTS READING, STUPID, FAT, KILL YOURSELF. >> I WAS STRUGGLING WITH MY 162 00:19:35,474 --> 00:19:41,813 MENTAL HEALTH. I WAS STRUGGLING WITH MY DEPRESSION AND MY BODY IMAGE. AND SOCIAL MEDIA DID NOT HELP 163 00:19:41,880 --> 00:19:52,057 WITH MY CONFIDENCE. IF ANYTHING, IT MADE ME HATE MYSELF. >> Reporter: ALL CAME TO A HEAD 164 00:19:52,124 --> 00:19:56,762 HER SOPHOMORE YEAR WHEN ALEXIS POSTED ON INSTAGRAM SHE DIDN'T DESERVE TO EXIST. A FRIEND ALERTED A SCHOOL 165 00:19:56,828 --> 00:20:03,835 COUNSELOR. >> THAT WAS THE SCARIEST DAY OF OUR LIVES. I GOT A CALL TO COME TO THE 166 00:20:03,902 --> 00:20:10,609 SCHOOL. AND I WENT THERE. AND THEY WERE JUST SHOWING ME ALL OF THESE INSTAGRAM POSTS OF 167 00:20:10,676 --> 00:20:20,052 HOW ALEXIS WANTED TO KILL HERSELF AND HURT HERSELF AND IF INSTAGRAM IS REALLY -- HAS ALL THE SOFTWARE TO PROTECT THEM, 168 00:20:20,118 --> 00:20:26,992 WHY WAS THAT NOT FLAGGED OR IDENTIFIED? >> Reporter: THIS PREVIOUSLY UNPUBLISHED INTERNAL DOCUMENT 169 00:20:27,059 --> 00:20:34,166 REVEALED FACEBOOK KNEW INSTAGRAM WAS PUSHING GIRLS TO DANGEROUS CONTENT. IT SAYS THAT IN 2021 AN 170 00:20:34,232 --> 00:20:39,805 INSTAGRAM EMPLOYEE RAN AN INTERNAL INVESTIGATION ON EATING DISORDERS BY OPENING UP A FALSE ACCOUNT AS A 13-YEAR-OLD GIRL 171 00:20:39,871 --> 00:20:47,279 LOOKING FOR DIET TIPS. SHE WAS LED TO THIS CONTENT AND RECOMMENDATIONS TO FOLLOW SKINNY BINGE AND APPLE CORE ANOREXIC. 172 00:20:47,346 --> 00:21:00,859 OTHER MEMOS SHOW FACEBOOK EMPLOYEES RAISING CONCERNS ABOUT COMPANY RESEARCH THAT REVEALED INSTAGRAM MADE 1 IN 3 TEEN GIRLS 173 00:21:00,926 --> 00:21:10,302 FEEL WORSE ABOUT THEIR BODIES AND THAT TEENS WHO USED THE APP FELT HIGHER RATES OF ANXIETY AND DEPRESSION. 174 00:21:10,369 --> 00:21:19,244 WHAT WAS IT LIKE WHEN YOU SAW THOSE FACEBOOK PAPERS FOR THE FIRST TIME? >> SICKENING. 175 00:21:19,311 --> 00:21:28,120 THE FACT THAT I WAS SITTING THERE STRUGGLING AND HOPING TO SAVE MY DAUGHTER'S LIFE, AND THEY HAD ALL THESE DOCUMENTS 176 00:21:28,186 --> 00:21:33,458 BEHIND CLOSED DOORS THAT THEY COULD HAVE PROTECTED HER AND THEY CHOSE TO IGNORE THAT RESEARCH. 177 00:21:33,525 --> 00:21:38,930 >> Reporter: ATTORNEY MATT BURGMAN REPRESENTS THE SPENCE FAMILY. HE STARTED THE SOCIAL MEDIA 178 00:21:38,997 --> 00:21:44,870 VICTIM'S LAW CENTER AFTER READING THE FACEBOOK PAPERS AND IS NOW WORKING WITH MORE THAN 1,200 FAMILIES WHO ARE PURSUING 179 00:21:44,936 --> 00:21:52,010 LAWSUITS AGAINST SOCIAL MEDIA COMPANIES, LIKE META. >> TIME AND TIME AGAIN WHEN THEY HAVE AN OPPORTUNITY TO CHOOSE 180 00:21:52,077 --> 00:21:56,314 BETWEEN SAFETY OF OUR KIDS AND PROFITS, THEY ALWAYS CHOOSE PROFITS. >> Reporter: NEXT YEAR, BURGMAN 181 00:21:56,381 --> 00:22:01,720 AND HIS TEAM WILL START THE DISCOVERY PROCESS FOR THE FEDERAL CASE AGAINST META AND OTHER SOCIAL MEDIA COMPANIES. 182 00:22:01,787 --> 00:22:12,197 A MULTIMILLION DOLLAR SUIT THAT HE SAYS IS MORE ABOUT CHANGING POLICY THAN FINANCIAL COMPENSATION. 183 00:22:12,264 --> 00:22:18,537 BURGMAN SPENT 25 YEARS AS A PRODUCT LIABILITY ATTORNEY, SPECIALIZING IN ASBESTOS AND MESOTHELIOMA CASES. 184 00:22:18,603 --> 00:22:25,877 HE ARGUES THE DESIGN OF SOCIAL MEDIA PLATFORMS IS ULTIMATELY HURTING KIDS. >> THEY HAVE INTENTIONALLY 185 00:22:25,944 --> 00:22:32,784 DESIGNED A PRODUCT THAT IS ADDICTIVE. THEY UNDERSTAND THAT IF CHILDREN STAY ONLINE, THEY MAKE MORE 186 00:22:32,851 --> 00:22:41,293 MONEY. DOESN'T MATTER HOW HARMFUL THE MATERIAL IS. >> Reporter: THE FACT THAT THESE 187 00:22:41,359 --> 00:22:44,329 KIDS ENDED UP SEEING THE THINGS THAT THEY SAW THAT WERE SO DISTURBING, WASN'T BY ACCIDENT. IT WAS BY DESIGN. 188 00:22:44,396 --> 00:22:48,567 >> ABSOLUTELY. THIS IS NOT A COINCIDENCE. >> Reporter: ISN'T IT THE PARENT'S JOB TO MONITOR THIS 189 00:22:48,633 --> 00:22:55,874 STUFF? >> WELL, OF COURSE IT IS. I'M ALL FOR PARENTAL RESPONSIBILITY. 190 00:22:55,941 --> 00:23:00,178 BUT THESE PRODUCTS ARE EXPLICITLY DESIGNED TO EVADE PARENTAL AUTHORITY. >> Reporter: SO WHAT NEEDS TO BE 191 00:23:00,245 --> 00:23:06,384 DONE? >> NUMBER ONE IS AGE AND IDENTITY VERIFICATION. YOU KNOW, THAT TECHNOLOGY 192 00:23:06,451 --> 00:23:11,590 EXISTS. IF PEOPLE ARE TRYING TO HOOK UP ON TINDER, THERE'S TECHNOLOGY TO MAKE SURE THAT THE PEOPLE ARE 193 00:23:11,656 --> 00:23:16,695 WHO THEY SAY THEY ARE. NUMBER TWO, TURN OFF THE ALGORITHMS. THERE'S NO REASON WHY ALEXIS 194 00:23:16,762 --> 00:23:20,832 SPENCE, WHO WAS INTERESTED IN EXERCISE, SHOULD HAVE BEEN DIRECTED TOWARD ANOREXIC CONTENT. 195 00:23:20,899 --> 00:23:27,739 NUMBER THREE, WOULD BE WARNINGS SO THAT PARENTS KNOW WHAT'S GOING ON. LET'S BE REALISTIC, YOU'RE NEVER 196 00:23:27,806 --> 00:23:36,615 GOING TO HAVE SOCIAL MEDIA PLATFORMS BE 100% SAFE, BUT THESE CHANGES WOULD MAKE THEM SAFER. 197 00:23:36,681 --> 00:23:42,487 >> HER FAVORITE POSE. >> Reporter: RIGHT NOW THE ROBERTS FAMILY SAYS SOCIAL MEDIA IS NOT SAFE FOR KIDS. 198 00:23:42,554 --> 00:23:47,192 ENGLAND ROBERTS WAS THE BABY IN A LARGE FAMILY. CENTER OF HER PARENT'S TONY AND BRANDY'S WORLD. 199 00:23:47,259 --> 00:23:55,433 ♪ >> SHE MADE EVERYDAY -- >> SPECIAL. >> EVERYDAY FELT LIKE CHRISTMAS 200 00:23:55,500 --> 00:24:02,541 HERE. >> Reporter: BUT ENGLAND'S LIFE ONLINE TOLD A DIFFERENT STORY. AS THE PANDEMIC PLAYED OUT, 201 00:24:02,607 --> 00:24:11,616 ENGLAND WROTE ABOUT STRUGGLES WITH SELF WORTH, RELATIONSHIPS AND MENTAL HEALTH. ONE AUGUST NIGHT IN 2020, JUST A 202 00:24:11,683 --> 00:24:19,391 FEW HOURS AFTER TONY AND BRANDY KISSED THEIR 14-YEAR-OLD SMILING DAUGHTER GOOD NIGHT, BRANDY RECEIVED A TEXT FROM A PARENT OF 203 00:24:19,457 --> 00:24:23,295 ONE OF ENGLAND'S FRIENDS WHO WAS WORRIED ABOUT ENGLAND AND SUGGESTED THEY CHECK ON HER. >> WE WENT UPSTAIRS AND WE 204 00:24:23,361 --> 00:24:29,501 CHECKED AND HER DOOR WAS LOCKED. THAT WAS KIND OF ODD. SO I TOOK THE KEY FROM THE TOP AND WE OPENED THE DOOR AND NO 205 00:24:29,568 --> 00:24:42,614 ENGLAND. AND WHEN I TURNED AROUND, THAT'S WHEN I FOUND HER. WHEN YOU FIND YOUR CHILD HANGING 206 00:24:42,681 --> 00:24:52,123 AND YOU ARE IN THAT MOMENT IN DISBELIEF, JUST NO WAY, NOT OUR BABY, NOT OUR CHILD AND THEN ULTIMATELY I FAULT MYSELF. 207 00:24:52,190 --> 00:25:01,233 >> Reporter: WHY DO YOU FAULT YOURSELF? >> I'M THE DAD. I'M SUPPOSED TO KNOW -- 208 00:25:01,299 --> 00:25:07,305 >> Reporter: PRIOR TO THAT NIGHT YOU HAD NO IDEA THAT SHE WAS DEPRESSED? >> NOT EVEN CLOSE. 209 00:25:07,372 --> 00:25:14,713 >> Reporter: LIKE THE SPENCE FAMILY, TONY ROBERTS STARTED CONNECTING THE DOTS AFTER THE FACEBOOK PAPERS CAME OUT. 210 00:25:14,779 --> 00:25:20,919 >> I KNEW HER PASS WORDS. >> Reporter: AND BEGAN DIGGING THROUGH HIS DAUGHTER'S PHONE FOR ANSWERS. 211 00:25:20,986 --> 00:25:30,762 HE FOUND AN INSTAGRAM POST SENT TO ENGLAND FROM A FRIEND. >> THERE WAS A VIDEO, AND THAT VIDEO WAS A LADY ON INSTAGRAM 212 00:25:30,829 --> 00:25:36,568 PRETENDING TO HANG HERSELF. THAT'S ULTIMATELY WHAT OUR CHILD DID. BECAUSE YOU ASK YOURSELF, HOW 213 00:25:36,635 --> 00:25:44,342 DID SHE COME UP WITH THIS IDEA? AND THEN WHEN I DID THE RESEARCH, THERE IT WAS. SHE SAW IT ON INSTAGRAM. 214 00:25:44,409 --> 00:25:51,850 IT WAS ON HER PHONE. >> IF THAT VIDEO WASN'T SENT TO HER, BECAUSE SHE COPIED IT, SHE WOULDN'T HAVE -- 215 00:25:51,917 --> 00:26:00,392 >> SHE WOULDN'T HAVE HAD -- >> HAD A WAY OF KNOWING HOW TO DO THAT CERTAIN WAY OF HANGING YOURSELF. 216 00:26:00,458 --> 00:26:07,265 >> Reporter: NEARLY A YEAR AND A HALF AFTER ENGLAND'S DEATH, THAT HANGING VIDEO WAS STILL CIRCULATING ON INSTAGRAM WITH AT 217 00:26:07,332 --> 00:26:17,475 LEAST 1,500 VIEWS. TONY ROBERTS SAYS IT WAS TAKEN DOWN IN DECEMBER, 2021. THE ROBERTS ARE SUING META, THE 218 00:26:17,542 --> 00:26:21,346 PARENT COMPANY TO INSTAGRAM. >> IF THEY SO CALL MONITOR AND DO THINGS, HOW COULD IT STAY ON THAT SITE? 219 00:26:21,413 --> 00:26:26,584 BECAUSE PART OF THEIR POLICY STATES THEY DON'T ALLOW FOR SELF HARM PHOTOS, VIDEOS, THINGS OF THAT NATURE. 220 00:26:26,651 --> 00:26:32,757 SO WHO IS HOLDING THEM ACCOUNTABLE? >> Reporter: META DECLINED OUR REQUEST FOR AN INTERVIEW BUT ITS 221 00:26:32,824 --> 00:26:38,730 GLOBAL HEAD OF SAFETY GAVE US THIS STATEMENT. TELLING US, WE WANT TEENS TO BE SAFE ONLINE AND THAT INSTAGRAM 222 00:26:38,797 --> 00:26:45,737 DOESN'T ALLOW CONTENT PROMOTING SELF HARM OR EATING DISORDERS. AND THAT META HAS IMPROVED INSTAGRAM'S AGE VERIFICATION 223 00:26:45,804 --> 00:26:54,379 TECHNOLOGY. BUT WHEN "60 MINUTES" RAN THIS TEST TWO MONTHS AGO, OUR COLLEAGUE WAS ABLE TO LIE ABOUT 224 00:26:54,446 --> 00:27:00,085 HER AGE AND SIGN UP FOR INSTAGRAM AS A 13-YEAR-OLD WITH NO VERIFICATIONS. WE WERE ALSO ABLE TO SEARCH FOR 225 00:27:00,151 --> 00:27:09,627 SKINNY AND HARMFUL CONTENT. AND WHILE THIS PROMPT CAME UP ASKING IF WE WANTED HELP, WE INSTEAD CLICKED SEE POST AND 226 00:27:09,694 --> 00:27:16,534 EASILY FOUND CONTENT PROMOTING ANOREXIA AND SELF HARM. SHOWING MORE RIGOROUS CHANGE IS NEEDED. 227 00:27:16,601 --> 00:27:28,513 A CHALLENGE THE SPENCE AND ROBERTS FAMILIES ARE READY FOR. >> WE'RE BEING GASLIGHTED BY THE BIG TECH COMPANIES THAT IT'S OUR 228 00:27:28,580 --> 00:27:34,486 FAULT WHEN REALLY WHAT WE SHOULD BE DOING AS PARENTS IS BANNING TOGETHER AND SAYING, NO, YOU NEED TO DO BETTER. 229 00:27:34,552 --> 00:27:37,822 I'M DOING EVERYTHING I CAN. YOU NEED TO DO BETTER. >> WE LOST. WE LEARNED. 230 00:27:37,889 --> 00:27:44,262 BUT WHAT'S GOING TO STOP THESE COMPANIES FROM CONTINUING TO LET THINGS HAPPEN IF THEY DON'T CHANGE OR BE FORCED TO MAKE A 231 00:27:44,329 --> 00:27:50,402 CHANGE? >> SOCIAL MEDIA IS A SILENT KILLER FOR OUR CHILDREN'S GENERATION. 232 00:27:50,468 --> 00:27:55,407 THAT'S THE CONCLUSION I'VE COME TO. WHY IS EVERYONE IN POWER THAT CAN HELP CHANGE THIS, WHY IS IT 233 00:27:55,473 --> 00:28:02,547 NOT CHANGING QUICK ENOUGH? IF OUR CHILDREN ARE TRULY OUR FUTURE, WHAT'S THE WAIT? 234 00:28:06,384 --> 00:28:12,590 >>> FIGHTING FOR SOCIAL MEDIA REGULATION -- >> THERE'S ROOM FOR TECH COMPANIES TO BE HELD 235 00:28:12,657 --> 00:28:16,594 ACCOUNTABLE. >> Reporter: PLUS, MENTAL HEALTH RESOURCES FOR KIDS AND FAMILIES IN CRISIS. 236 00:28:16,661 --> 00:28:33,578 ♪ ♪ >>> YOU CAN'T WAVE A WAND AND MAKE INTOLERANCE, HARDSHIP AND VIOLENCE DISAPPEAR. 237 00:28:33,645 --> 00:28:39,751 BUT YOU CAN USE MAGIC TO TRY. WE LEARNED THAT AFTER VISITING A REMARKABLE SCHOOL IN CAPE TOWN, SOUTH AFRICA. 238 00:28:39,818 --> 00:28:45,557 IT'S CALLED THE COLLEGE OF MAGIC. WHILE IT'S NOT AN ACCREDITED INSTITUTION, IT IS A REAL-LIFE 239 00:28:45,623 --> 00:28:52,363 HOGWARTS, A SCHOOL FILLED WITH STUDENTS RANGING IN AGE FROM 10 TO 18, AND MORE IMPORTANTLY, REFLECTING SOUTH AFRICA, THEY 240 00:28:52,430 --> 00:28:59,170 COME FROM PRIVILEGE AND POVERTY. PICK A CANARD, ANY CANARD, SLEIGHT OF HAND, JUGGLING, VENTRILOQUISM, CARD TRICKS YOU 241 00:28:59,237 --> 00:29:04,109 CAN LEARN IT ALL AT THE COLLEGE OF MAGIC. BUT WHAT THE SCHOOL REALLY TEACHES IS ALSO THE GREAT SUPER 242 00:29:04,175 --> 00:29:15,353 POWER OF MAGIC ITSELF. RETHINKING THE LIMITS OF POSSIBILITY. [ BELL TOLLS ] 243 00:29:15,420 --> 00:29:24,963 >> Reporter: IT LOOKS LIKE ANY OTHER CAMPUS. GOTHIC ARCHITECTURE, A DIVERSE STUDENT BODY, A CORE CURRICULUM. 244 00:29:25,029 --> 00:29:34,305 ALL BALANCED WITH ELECTIVES. TO BECOME MASTERS OF MAGIC, THESE KIDS MUST BE BOTH TACTICIANS AND TECHNICIANS. 245 00:29:34,372 --> 00:29:45,617 >> UP, DOWN. >> Reporter: LIKE ANY ART FORM, THIS ONE REQUIRES PRACTICE, APPLICATION, DISCIPLINE. 246 00:29:45,683 --> 00:29:53,625 >> 6 OF SPADES. >> Reporter: THERE IS NO MAGIC BULLET. WHILE STUDENTS ATTEND ACADEMIC 247 00:29:53,691 --> 00:30:00,865 SCHOOL DURING THE WEEK, THEY COME HERE AFTER SCHOOL, ON WEEKENDS, AND ON HOLIDAYS. IT TAKES SIX YEARS TO EARN A 248 00:30:00,932 --> 00:30:04,269 DIPLOMA. >> ONE. >> ONE. >> TWO. 249 00:30:04,335 --> 00:30:14,412 THREE. >> Reporter: SINATHEMBA BAWUTI IS A TEACHER, A GRADUATE AND HIMSELF NOW A PRACTICING 250 00:30:14,479 --> 00:30:16,881 MAGICIAN. HE SHOWS STUDENTS THE TRICKS OF THE TRADE. >> Reporter: WHAT IS IT ABOUT 251 00:30:16,948 --> 00:30:23,288 MAGIC, WHAT APPEALS TO YOU SO MUCH? >> I DIDN'T THINK I WOULD BE DOING THIS AS A CAREER OR 252 00:30:23,354 --> 00:30:27,959 PERFORMING IT LIKE DOING IT LIKE TO SUPPORT MYSELF. I WANTED TO PUT A SMILE ON PEOPLE'S FACES, MAKE THEM HAPPY, 253 00:30:28,026 --> 00:30:33,965 ENTERTAIN THEM, BREAK ICE. THAT'S WHAT I WANTED TO DO. BUT THEN IT BECAME MY THING LIKE, THAT I'M USING TO FEED MY 254 00:30:34,032 --> 00:30:40,805 FAMILY AND MYSELF. >> HE AND THE AIMED TO TEACH HONESTY, HUMILITY AND RESPECT. THE TRICKS AND JUGGLING IS ONLY 255 00:30:40,872 --> 00:30:50,982 A SMALL PART OF IT. >> YEAH, IT'S NOT A COLLEGE OF MAGIC. IT'S A COLLEGE OF LIFE. 256 00:30:51,049 --> 00:30:58,356 >> Reporter: FOR THE REVERED DEAN AND FOUNDER, IT'S BEEN 40 YEARS SINCE HE STOPPED PRACTICING LAW AND PULLED THE 257 00:30:58,423 --> 00:31:04,996 ULTIMATE BIT OF MISDIRECTION. IN HIS HOMETOWN OF CAPE TOWN, HE OPENED A COLLEGE. THE ONLY SCHOOL OF ITS KIND 258 00:31:05,063 --> 00:31:14,205 DEVOTED TO WONDER. I'M SURELY NOT THE FIRST PERSON TO MAKE THE JOKE YOU GAVE UP LAW TO PURSUE A CAREER OF DECEPTION. 259 00:31:14,272 --> 00:31:23,114 >> I LIKE TO THINK OF DECEPTION, WE THINK OF IT AS ILLUSION AND WONDERMENT. GIVING SOME OF THE GAME AWAY. 260 00:31:23,181 --> 00:31:29,187 >> Reporter: HIS KNOWLEDGE AND LOVE OF MAGIC FILLS THE HALLS, QUITE LITERALLY. CONTRAPTIONS AND MEMORABILIA 261 00:31:29,254 --> 00:31:33,758 TRACE THE HISTORY OF ILLUSION. >> EVEN WITH ALL THE SOPHISTICATION AROUND US, THERE'S NOTHING MORE EXCITING 262 00:31:33,825 --> 00:31:39,664 THAN SEEING A MAGICIAN LIVE AND SEEING SOMETHING APPEAR OR DISAPPEAR RIGHT UNDER YOUR NOSE. >> Reporter: WHAT DO YOU 263 00:31:39,731 --> 00:31:44,402 ATTRIBUTE THAT TO YOU? >> PEOPLE GENERALLY ARE INTERESTED IN AND CURIOUS ABOUT HOW THE LAWS OF NATURE CAN BE 264 00:31:44,469 --> 00:31:49,741 SUSPENDED. I THINK THE MAGICIAN OFFERS THAT OPPORTUNITY THAT GATEWAY TO A WORLD WHICH WE ALL WOULD LOVE TO 265 00:31:49,807 --> 00:31:55,313 BE PART OF WHERE GRAVITY IS ALWAYS PULLING US TO PLANET EARTH WHERE WE CAN FLOAT UPWARDS. 266 00:31:55,380 --> 00:32:03,054 IT'S A BEAUTIFUL FEELING. >> Reporter: NOTHING HERE IS QUITE AS IT SEEMS. WHEN WE VISITED LAST JULY, 267 00:32:03,121 --> 00:32:10,094 STUDENTS WERE PREPARING FOR THE ANNUAL CHILDREN'S MAGIC FESTIVAL. >> YOU HAVE A DRESS REHEARSAL? 268 00:32:10,161 --> 00:32:25,743 >> 7 OR NO 7? >> LIKE THE TURBAN. IT'S A GOOD LOOK. >> Reporter: WHOA. 269 00:32:25,810 --> 00:32:37,388 TURN IT UP? >> YES. [ CHEERS AND APPLAUSE ] >> Reporter: VERY GOOD. 270 00:32:37,455 --> 00:32:40,858 THAT WAS A WINNER. >> COME TO OUR CLOSE-UP HERE. COME INSIDE. >> Reporter: MICHAEL BARTA HAS 271 00:32:40,925 --> 00:32:49,033 BEEN TEACHING HERE FOR DECADES. >> I TEACHED CHILDREN HOW TO USE THEIR HANDS. OKAY. 272 00:32:49,100 --> 00:32:54,472 I WAS JUGGLING THREE BALLS. SOMEBODY HAS TAKEN MY BALL. >> Reporter: THE SCHOOL WAS ALWAYS CONCEIVED TO GO BEYOND 273 00:32:54,539 --> 00:33:04,015 HOKUS POKUS. MAGIC ABOUT WHAT YOU SEE OR WHAT YOU MISSED. BARTA THINKS IT'S BOTH. 274 00:33:04,082 --> 00:33:08,753 >> SO HOW MANY BALLS DO I HAVE? >> MAGIC DEVELOPS SKEPTICISM AND CURIOSITY. THOSE TWO THINGS ARE NEEDED IN 275 00:33:08,820 --> 00:33:14,559 EDUCATION. >> Reporter: THAT'S GREAT. THERE'S A HEALTHY SKEPTICISM HOW DID HE DO THAT AND MIXED WITH 276 00:33:14,625 --> 00:33:19,897 CURIOSITY AND WONDER, HOW DID HE DO THAT? >> I KNOW. HOW DID HE DO THAT? 277 00:33:19,964 --> 00:33:27,305 WOW. >> Reporter: FROM THE SCHOOL'S BEGINNING IT REFLECTED A CROSS SECTION OF SOUTH AFRICA. 278 00:33:27,372 --> 00:33:40,184 NOW AS THEN STUDENTS COME FROM THE MOST WEALTHY SUBURBS AND CAPE TOWN'S MOST IMPOVERISHED TOWNSHIPS. 279 00:33:40,251 --> 00:33:45,823 HIS DAY STARTS AT DAWN IN THE TIN SHACK HE SHARES WITH HIS GRANDMOTHER AND AUNT. HIS MOTHER WAS MURDERED FOUR 280 00:33:45,890 --> 00:33:53,531 YEARS AGO. THE SPRAWLING SHANTYTOWN LIKE SO MANY OTHERS IN THE COUNTRY IS POCKED BY VIOLENCE AND DRUGS. 281 00:33:53,598 --> 00:34:03,174 >> SOME OF THEM ARE BUSY CARRYING GUNS AND VOOKNIVES AND BUSY ROBBING OLD PEOPLE, BEING ON DRUGS AND STUFF. 282 00:34:03,241 --> 00:34:08,946 SO, I HAVE TO -- HEAR GUNSHOTS. >> Reporter: YOU'RE DESCRIBING GUNSHOTS AND KNIVES AND DRUGS AND GANGS. 283 00:34:09,013 --> 00:34:18,322 AND YOU COME HERE, IT MUST BE A BIT OF A RELIEF? >> HE TALKS TO ME A LOT. IT SAVED ME FROM DOING THOSE 284 00:34:18,389 --> 00:34:27,031 STUFF BECAUSE I BECAME AN ARTIST AND I CAN TAKE CARE OF MYSELF. >> Reporter: YOU SAY ARTIST? >> YEAH. 285 00:34:27,098 --> 00:34:34,939 YOU'RE A MAGICIAN. YOU'RE AN ARTIST. BECAUSE IT'S ART. YEAH. 286 00:34:35,006 --> 00:34:38,943 >> Reporter: IN THE TOWNSHIPS, YOU DON'T COME ACROSS MANY BOW TIES. WHEN DUMA PASSES BY, HE DRAWS 287 00:34:39,010 --> 00:34:59,363 ATTENTION. A QUICK BIT OF WHIZ. AND GEE WHIZ. AND HE'S OFF. 288 00:34:59,430 --> 00:35:05,970 THE SCHOOL ARRANGES TRANSPORTATION WHEN NEEDED. SHUFFLING THE KIDS ON THE LONG JOURNEY INTO THE CITY. 289 00:35:06,037 --> 00:35:13,945 ♪ ♪ >> Reporter: THERE'S NO UNIFORM OF SUCH, BUT STUDENTS ARE ENCOURAGED TO DRESS AS SMARTLY 290 00:35:14,011 --> 00:35:23,020 AS THEY CAN. FOR MANY, GOING TO THE SCHOOL MARKS A RARE OPPORTUNITY TO GET OUT OF THE TOWNSHIP. 291 00:35:23,087 --> 00:35:29,694 TUITION IS $350 A YEAR, UNAFFORDABLE FOR MOST OF THE 130 STUDENTS. THE COLLEGE, A NONPROFIT, RAISES 292 00:35:29,760 --> 00:35:35,500 FUNDS FOR SCHOLARSHIPS, BREAKFAST AND LUNCH INCLUDED. YOU HAVE SOME KIDS COMING HERE WHO ARE MALNOURISHED, YOU HAVE 293 00:35:35,566 --> 00:35:40,972 TO FEED. YOU HAVE OTHER KIDS GETTING PICKED UP BY PARENTS IN FANCY SPORTS CARS. 294 00:35:41,038 --> 00:35:47,378 IS THAT HARD FOR YOU TO WATCH? >> YES. IT'S IMPORTANT PART OF OUR NATION BUILDING AND FOR 295 00:35:47,445 --> 00:35:56,020 UNDERSTANDING THAT YOUNG PEOPLE GET TO UNDERSTAND HOW EACH OTHER IS LIVING AND HOW WE THINK AND HOW WE APPROACH LIFE BECAUSE 296 00:35:56,087 --> 00:36:01,325 THESE ARE GOING TO BE THE YOUNG PEOPLE WHO ARE GOING TO DRIVE THIS NATION FORWARD. >> Reporter: I COULD SEE SOME 297 00:36:01,392 --> 00:36:05,530 PEOPLE WATCHING THIS COLLEGE OF MAGIC IS ALL WELL AND GOOD AND YOU'RE TEACHING KIDS TO MAKE COINS DISAPPEAR. 298 00:36:05,596 --> 00:36:13,938 WHY AREN'T YOU TEACHING THEM CODING OR SOMETHING MORE PRACTICAL? >> THE MOST IMPORTANT SKILL IN 299 00:36:14,005 --> 00:36:22,680 THE 21st CENTURY, IMAGINATIVE THINKING. NO MATTER WHAT CAREER YOU SELECT TO GO INTO, IT WILL NO LONGER BE 300 00:36:22,747 --> 00:36:25,483 YOUR KNOWLEDGE AROUND THAT. THAT KNOWLEDGE IS SO FREELY AVAILABLE NOW ON THE INTERNET, IT'S GOING TO BE HOW YOU USE 301 00:36:25,550 --> 00:36:34,292 THAT KNOWLEDGE. THERE'S NO BETTER TOPIC OR SUBJECT THAN MAGIC TO EXPLODE THE WHOLE IDEA OF IMAGINATION. 302 00:36:34,358 --> 00:36:40,932 >> Reporter: THEY TRADE THEIR CAPE FOR THREE PIECE SUIT OR SPORTS JERSEY OR NURSES ATTIRE, YOU'RE OKAY WITH THAT? 303 00:36:40,998 --> 00:36:48,706 >> ABSOLUTELY. >> Reporter: THIS 15-YEAR-OLD IS A RISING STAR AT THE COLLEGE. BUT FOUR YEARS AGO SHE HAD TO 304 00:36:48,773 --> 00:36:53,010 BEG HER MOTHER TO ALLOW HER TO ENROLL. >> AND THEN I WAS LIKE, MOM, I WOULD LIKE TO JOIN THIS. 305 00:36:53,077 --> 00:37:00,484 WHAT ARE YOU TALKING ABOUT? I WANT TO BECOME A MAGICIAN. AND SHE THOUGHT I WAS CRAZY, BUT HERE I AM TODAY. 306 00:37:00,551 --> 00:37:06,724 >> Reporter: HERE YOU ARE. YOUR MOM SAID YOU WERE CRAZY FOR WANTING TO BE A MAGICIAN. >> BECAUSE THEY DO NOT BELIEVE 307 00:37:06,791 --> 00:37:18,202 IN MAGIC. >> Reporter: NOT ONLY THAT FOR MANY OF THE TOWNSHIPS, MAGIC IS ASSOCIATED WITH THE OCCULT OR 308 00:37:18,269 --> 00:37:20,871 WITCHCRAFT. >> THE FIRST TIME I PERFORMED, I PERFORMED FOR MY GRANDMOTHER. SO SHE DOES NOT UNDERSTAND MAGIC 309 00:37:20,938 --> 00:37:28,212 AT ALL. AND EVERY TIME SHE WOULD SEE, SHE WOULD SAY DARKNESS, EVIL POWERS STUFF LIKE THAT. 310 00:37:28,279 --> 00:37:33,351 >> Reporter: PEOPLE ARE SAYING I DON'T UNDERSTAND. EXPLAIN IT TO ME. WHAT DO YOU TELL THEM? 311 00:37:33,417 --> 00:37:39,323 >> OH, THAT MAGIC IS NOT BLACK MAGIC. WE DO NOT PRACTICE ANY KINDS OF SPELLS, DARK SPELLS. 312 00:37:39,390 --> 00:37:49,166 THERE ARE SECRETS BEHIND THE MAGIC AND IT TAKES TIME TO PRACTICE AND MASTER EACH. YOU MUST FOLLOW VERY, VERY 313 00:37:49,233 --> 00:37:54,605 CAREFULLY BECAUSE A LOT OF THINGS HAPPEN. >> MILO SAYS HIS MOM HAD TO CONVINCE HIM TO ENROLL. 314 00:37:54,672 --> 00:38:02,513 >> BEFORE I CAME TO COLLEGE OF MAGIC, I WAS VERY SHY. SO I COULDN'T DANCE EVEN IN FRONT OF MY BROTHER AND SISTER. 315 00:38:02,580 --> 00:38:06,317 I WOULD JUST GO HIDE BEHIND MY MOM. MY MOM SAID I NEED TO LEARN S.I. SKILLS. 316 00:38:06,384 --> 00:38:11,055 >> Reporter: SOCIAL INTELLIGENCE. >> WHEN WE LEARNED ABOUT THE COLLEGE OF MAGIC, THAT'S THE 317 00:38:11,122 --> 00:38:16,827 PERFECT SPOT. FIRST YOU'LL GET INTO A GOOD HIGH SCHOOL BECAUSE YOU HAVE LOTS OF DIFFERENT TALENTS AND 318 00:38:16,894 --> 00:38:25,770 SECONDLY S.I. SKILLS. >> Reporter: I'M GOING TO GO OUT ON A LIMB HERE. YOU CAME HERE FOR MORE SOCIAL 319 00:38:25,836 --> 00:38:30,307 INTELLIGENCE, TO COME OUT OF YOUR SHELL A LITTLE BIT. IT SEEMS LIKE IT'S WORKING. >> YEAH. 320 00:38:30,374 --> 00:38:33,844 IT IS WORKING. >> Reporter: BEING A MAGICIAN, DO YOU FEEL LIKE YOU'RE PART OF A SECRET SOCIETY, A SECRET CLUB? 321 00:38:33,911 --> 00:38:37,181 >> YES. LIKE A SECRET AGENT OF A BIG FORCE. >> Reporter: LET'S DO A ROLE 322 00:38:37,248 --> 00:38:41,986 PLAY. MILO, MILO, TELL ME HOW YOU DO THAT TRICK. >> NO. 323 00:38:42,053 --> 00:38:52,463 >> Reporter: WHY NOT? >> BECAUSE YOU'RE A DUNDERHEAD, YOU WOULDN'T BE ABLE TO UNDERSTAND. 324 00:38:52,530 --> 00:38:56,133 >> Reporter: NEVER GIVE UP YOUR SECRETS, RIGHT? >> ACTUALLY ALL MY FAMILY HAS LEARNED ALL OF IT BY NOW BECAUSE 325 00:38:56,200 --> 00:39:02,540 WHEN I PRACTICE FOR A PERFORMANCE, THEY PICK UP MY MISTAKES. >> YOUR FAMILY CAN KEEP A 326 00:39:02,606 --> 00:39:12,249 SECRET? >> I'M NOT SURE ABOUT MY SISTER. >> Reporter: TEN MILES AND AN INCALCULABLE DISTANCE FROM WHERE 327 00:39:12,316 --> 00:39:19,690 MILO LIVES, LULO THE GREAT AS HE CALLS HIMSELF. HE LIVES IN A ONE BEDROOM HOME WITH HIS FATHER SEAN, MOTHER 328 00:39:19,757 --> 00:39:30,000 BELINDA AND LITTLE SISTER LOLU. HE TOO TRANSFORMED AFTER JOINING THE COLLEGE OF MAGIC. WAS HE ALWAYS THAT WAY? 329 00:39:30,067 --> 00:39:37,708 >> NO, HE WAS TOO SHY. LIKE HIS SISTER. >> Reporter: THIS GUY WAS SHY? >> VERY, VERY SHY. 330 00:39:37,775 --> 00:39:41,979 >> Reporter: I DON'T BELIEVE IT. >> VERY, VERY SHY. >> Reporter: BUT FOR BELINDA AND SEAN, MAGIC IS MORE THAN A TOOL 331 00:39:42,046 --> 00:39:47,685 TO GET LULO OUT OF HIS SHELL, IT MIGHT ALSO BE HIS PATH OUT OF POVERTY. >> BRAVO. 332 00:39:47,752 --> 00:39:54,024 >> I SAID TO LULO, EACH AND EVERY DAY, CONTINUE WITH YOUR MAGIC. >> Reporter: CONTINUE WITH YOUR 333 00:39:54,091 --> 00:39:58,596 MAGIC? >> YES. FLY, WHEREVER YOU WANT TO GO TO. IT'S YOUR LIFE. 334 00:39:58,662 --> 00:40:02,533 IT'S NOT MY LIFE. THE ONLY THING I WANT FROM YOU -- >> TO SUCCEED. 335 00:40:02,600 --> 00:40:09,607 >> TO SUCCEED IN LIFE. THAT'S IT. >> ONE DAY I'M GOING TO BE A FAMOUS MAGICIAN. 336 00:40:09,673 --> 00:40:16,413 >> Reporter: IS THAT WHAT YOU WANT? >> YES. >> Reporter: BUT FIRST THINGS 337 00:40:16,480 --> 00:40:20,384 FIRST, TOMORROW IS THE CHILDREN'S MAGIC FESTIVAL. AND LULO CAN BARELY CONTAIN HIMSELF. 338 00:40:20,451 --> 00:40:26,757 WHAT'S THE GOAL TOMORROW? >> THE GOAL TOMORROW IS TO SHOW PEOPLE WHO I AM. I'M LULO THE GREAT. 339 00:40:26,824 --> 00:40:31,228 THE JUGGLER. ALL THAT STUFF. >> Reporter: CARDS? JUGGLE? 340 00:40:31,295 --> 00:40:39,470 DANCING? WHAT DOESN'T LULO THE GREAT DO? >> LULO THE GREAT DOESN'T DO ANY ONE THING. 341 00:40:39,537 --> 00:40:46,043 >> Reporter: MAN OF MANY TALENTS? >> MANY TALENTS. ♪ ♪ 342 00:40:46,110 --> 00:40:51,649 >> Reporter: THERE WAS AN ABUNDANCE OF TALENT ON DISPLAY AND THERE WAS AN ABUNDANCE OF WIDE EYED WONDER. 343 00:40:51,715 --> 00:40:59,590 >> ONE, TWO, THREE. HOCUS POCUS. >> Reporter: KIDS AND PARENTS AND THIS CORRESPONDENT CONVERGED 344 00:40:59,657 --> 00:41:10,367 ON THE COLLEGE. DUMO WAS AMONG THE SHOW STOPPERS. >> SOME OF THEM THE FIRST TIME 345 00:41:10,434 --> 00:41:16,740 TO SEE THIS. BRING HAPPINESS TO THE KIDS. THAT'S WHY I FEEL HAPPY BECAUSE I'M MAKING THEM HAPPY. 346 00:41:16,807 --> 00:41:23,013 >> Reporter: YOU'RE NOT JUST MAKING THEM HAPPY, YOU'RE MAKING THEM WONDER, YOU'RE EXPANDING THEIR IDEA OF POSSIBILITY AND 347 00:41:23,080 --> 00:41:26,951 IMAGINATION. >> YEAH. IT'S A GREAT FEELING. A GREAT FEELING. 348 00:41:27,017 --> 00:41:30,621 >> Reporter: BUT YOU DON'T GIVE IT UP WHEN THEY SAY HOW DID YOU DO IT? >> IT'S MAGIC. 349 00:41:30,688 --> 00:41:33,657 IT'S MAGIC. 350 00:41:41,465 --> 00:41:50,474 >> Announcer: "THE LAST MINUTE" OF "60 MINUTES" IS SPONSORED BY UNITED HEALTH CARE. GET MEDICARE WITH MORE. 351 00:41:50,541 --> 00:41:59,917 >>> NOW AN UPDATE ON A STORY WE REPORTED ONE YEAR AGO. ALESSANDRO MICHELLE, THE ECCENTRIC CREATIVE DIRECTOR OF 352 00:41:59,984 --> 00:42:06,290 THE HOUSE OF GUCCI SAT ATOP THE WORLD OF HIGH FASHION IN ROME. NEARLY SEVEN YEARS INTO HIS TENURE, HE TRANSFORMED THE GUCCI 353 00:42:06,357 --> 00:42:14,932 IMAGE WITH EDGY, ODD AND OUTRAGEOUS DESIGNS. BUT IN FASHION, SOMETHING ONCE IN MUST EVENTUALLY BE OUT. 354 00:42:14,999 --> 00:42:20,738 AND LATE NOVEMBER, THE FASHION HOUSE AND THE DESIGNER PARTED WAYS. AS HE TOLD US, IT WAS A DAY HE 355 00:42:20,804 --> 00:42:25,376 EXPECTED WOULD COME. YOU SAID AFTER THAT FIRST SHOW, YOU WERE WORRIED THEY WERE GOING TO FIRE YOU. 356 00:42:25,442 --> 00:42:29,246 >> YEAH. >> ARE YOU FEELING A LITTLE MORE CONFIDENT NOW? >> I LOVE TO FEEL INSECURE IN A 357 00:42:29,313 --> 00:42:35,419 WAY -- >> MAKES YOU CREATIVE. >> MAKES ME FEEL CREATIVE. IT'S LIVE. 358 00:42:35,486 --> 00:42:42,693 IT'S NOT FOREVER. THAT'S THE MOST BEAUTIFUL THING. THAT NOTHING IS FOREVER. THAT'S WHY IT'S PRECIOUS. 359 00:42:42,760 --> 00:42:50,834 >> I'M SHARYN ALFONSI. WE'LL BE BACK NEXT WEEK WITH ANOTHER EDITION OF "60 MINUTES.