We look into the latest on the Petraeus scandal, and talk to an expert about how the military handles scandals that involve top military brass. Then we look at Jill Kelley, the Tampa-based socialite whose complaint began the revelation of the Petraeus-Broadwell affair. Plus, California gears up to debut its cap-and-trade emissions-reducing program, and NBC investigation looks at allegations of abuse in the Calif. National Guard, we take a look at the French Foreign legion and then we listen in to Obama's first press conference since reelection.
How the military handles issues of adultery and scandal within its ranks
Former CIA Director David Petraeus is scheduled to testify tomorrow about the diplomatic mission in Benghazi before the Senate Intelligence Committee. This will be his first public appearance since the scandal broke.
The military has specific protocol that it follows when it comes to the personal lives of its high-ranking officials. Here to explain how the military law works when it comes to adultery and scandal is Eugene Fidell, a military law expert at Yale University.
Socialite Jill Kelley's unique connection to top military brass
Now to Tampa, Florida, home of CentCom and of socialite Jill Kelley.
Her mansion was ground zero for the lavish parties she and her husband threw for military brass. That's where Kelley established the relationships with generals David Petraeus and John Allen, which have now come under scrutiny in the wake of Petraeus's affair.
With more on this, we turn to Ben Montgomery, a reporter for the Tampa Times.
How will California's cap-and-trade emissions-reducing program work?
Today, California takes a giant step forward in its effort to curb green house gases as the state is officially launches its "cap and trade" carbon market.
Under this new system, businesses will have to limit how much carbon they put into the atmosphere; That's the cap.
If they plan to go over their allotted amount, they'll have to buy carbon credits from a business that already cut their emissions; That's where the trade comes in.
To explain how this new market will work, we've enlisted the help of KPCC's environmental reporter Molly Peterson and business blogger Matt DeBord:
Molly: Alright Matt, before we get all businessey - your favorite part - let's talk about where this cap-and-trade market came from.
Matt: Sounds good, Molly. Hit me with the history.
Molly: Remember back in 2006 when California passed AB 32?
Matt: That was so long ago!
Molly: That law was designed to cut down California's green house gas emissions. The big goal is to have 1990 levels of carbon output by the year 2020.
Matt: Very ambitious.
Molly: It's taken six years to get this up and running because the state was very careful, trying to be when designing the system. There's also been a number of legal challenges. The most recent was just yesterday.
Matt: Now California is ready to get this market started. And to make it happen, more than 400 companies that operate in California and crank out carbon, will have to start cutting their pollution by 2 to 3 percent every single year. At first, it'll be just electrical companies and large industrial facilities. But in three years, California will add big carbon belchers like oil refineries to the list.
Molly: So how do you help motivate businesses to shrink their carbon footprints?
Matt: You turn going green into something they are much more familiar with, a market.
Molly: And that's where the cap-and-trade market comes in. Now to explain how the trading on this carbon market will work, we're going to have to call up memories of grade school.
Matt: Cue the school yard.
Molly: Okay, if you ever had P.E. class on a rainy day, you played musical chairs. Or else that's just what we did in the gym at my grammar school.
Matt: I always used to lose that game.
Molly: Well, remember a game of musical chairs, at the start of the game, everybody has a seat. But then everyone stands, you take away one chair, and play the music.
Matt: When the music stops - one person is left with no place to sit. This goes on again, music stops, another person loses their seat and on and on.
Molly: This is essentially what the carbon market will be like. But think of the chairs as carbon allowances. Remember, that's what gives businesses permission to pollute.
Matt: So the people looking to sit in those chairs are the companies. The first year the companies won't have to cut their emissions by that much. So it's like everyone getting a chair.
Molly: But year after year - companies will have to keep dropping their carbon output. Eventually, some won't be able to keep up, because the state is going to keep removing chairs from the game.
Matt: Now in the carbon market, if you can't cut your pollution fast enough, you can buy the right to pollute more from a company that doesn't need to use its carbon allowance.
Molly: It would be like someone with a chair deciding they might as well just stand. So instead of playing they sell you their chair so you can stay in the game.
Matt: As the game goes on, these carbon allowances, or chairs, are going to get more and more valuable. It's simple supply and demand. As the supply of allowances dwindles, the price will go up.
Molly: So Matt, businesses have been saying for years that their cost will go up if they have to buy these allowances and ultimately, that will drive up prices for the consumer, right?
Matt: Well, not exactly. At least, if you ask Gary Gero, he's the head of the Cimate Action Reserve, one of the groups that helped design the carbon market.
Gary: So if we get cap-and-trade rights, people won't notice because we are doing this in a way that is the most economically efficient possible.
Matt: The theory is that this market will force companies to invest in cutting their carbon footprint, that may cost more at first, but eventually it'll lead to more savings and they'll pass that onto consumers.
Molly: Alright, back to the carbon market. Today the states dolling out these allowances, most their giving away free of charge, some their selling. And these could net anywhere from half a billion to a billion dollars.
Matt: But, Molly, you know who is getting really excited about this?
Molly: The regulators who just spent sixty years making this thing?
Matt: No, professional traders. They love this! It's a whole new thing to trade! California will set the initial price of these carbon credits, after that, it's up to the market. That means investors can buy these credits early when they are relatively cheap and hold on to them until they are in higher demand.
Molly: That one, I know. Buy low, sell high.
Matt: Exactly. Now, California's market will be small compared to an international market, like the one in Europe. But I spoke with Ricardo Bayon, he's a banker who plans on investing in this market. He told me, investors are still very excited.
Ricardo: California, however, is big. And big enough to have an impact. And big enough to create a market that is sizeable and interesting. And I think will achieve the state of environmental end, which I think is a very important aspect of this.
Matt: So there's more than one shade of green at play here in the carbon cutting business.
Investigation looks into allegations of harassment, racism in the CA National Guard
While the national media have been focusing on Generals David Petraeus and John Allen for alleged inappropriate conduct, accusations of inappropriate conduct in the military have emerged here in California.
NBC4 investigative reporter
has been looking into disturbing allegations of sexual harassment and racism in the National Guard.
The first of his two stories on the topic will be airing tonight on NBC 4. Joel joins us for a preview.
A look at the modern-day French Foreign Legion
The French Foreign Legion has developed a lore of haunted romance, but it is still an elite fighting force made up of renegades and fugitives who are sent out on some of the most difficult and harrowing missions in the world.
William Langewiesche spent a month following a unit of Legionnaires and he writes about it in the current issue of Vanity Fair. He joins the show to discuss his piece.
WATCH: President Obama's first press conference since reelection
President Obama held his first news conference in eight months.