12/18/2022: Convoy of Life, Litigation Funding, Lourdes

60 Minutes

CBS News

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4 • 2.4K Ratings

🗓️ 19 December 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Pelley reports from Ukraine, where more than 1,000 children are fighting cancer amid Russian attacks on hospitals and the power grid, putting their lives in immediate danger. A renowned American hospital and 21 countries have stepped in to help. Lesley Stahl reports on litigation funding, a relatively new, multi-billion-dollar industry where investors fund lawsuits in exchange for a slice of the award. It can be lucrative and can help level the playing field against big corporations with deep pockets. But it’s growing rapidly with little rules or oversight. Bill Whitaker reports from the Sanctuary of Our Lady of Lourdes, a Marian shrine in southern France and the site of 70 medical miracles recognized by the Catholic Church. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:17.5	From startups to scaleups, online, in, and on the go. Shopify is made for
0:22.9	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup. The joy in two-year-old Melania defied both cancer and war.
0:44.3	But if she was to live, her family had to escape Ukraine.
0:50.3	As missiles flew and doctors rushed the sickest children underground,
0:55.0	a renowned American hospital and 21 countries improvised a flight to safety called the Convoy of Life.
1:06.0	Litigation funding is a new type of investment that's become a multi-billion dollar industry.
1:12.6	So these are all lawyers?
1:13.6	Indeed they are.
1:14.6	In essence, investors bet on the outcome of large lawsuits the way traders bet on stocks.
1:21.6	How often are you right?
1:22.6	We're right about 90% of the time and we're wrong about 10% of the time.
1:26.6	The problem is this market is exploding with nearly no rules or oversight.
1:36.9	Do you believe in miracles?
1:40.0	Well, 60 minutes traveled to the sanctuary of Our Lady of Lords in southern France,
1:45.8	where 70 medical miracles have been recognized by the Catholic Church over 160 years.
1:52.6	And tonight, you'll hear a miracle story and from the renowned doctors and researchers who investigated it.
2:04.2	I'm Leslie Stahl.
2:06.0	I'm Bill Whitaker.
2:07.2	I'm Anderson Cooper.
	...

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