The domestic auto industry has been making a strong comeback, but that recovery hasn't necessarily benefited beleaguered Detroit. There's only one auto plant still doing high-volume production inside the city limits, and much of the Big Three's manufacturing has shifted away from Michigan.
Federal prosecutors finally brought their case against SAC Capital, the giant hedge fund that for years has outperformed almost all of its competitors. Prosecutors say they know why. The firm encouraged the use of illegal insider information and trading on that information became a part of the firm's culture, according to the indictment.
President Obama is putting out a message of economic revitalization, starting with the middle class. Cecilia Munoz, Director of the White House Domestic Policy Council, explains why the executive branch is pushing the message now. She speaks with guest host Celeste Headleee.
The FDA's new proposal aims to reduce the risk that chickens will pick up salmonella from wildlife and lay contaminated eggs. But the proposal could make it much harder for organic farmers who believe in keeping their free-range birds on true pastures.
But billionaire hedge fund owner Steven Cohen was not hit with criminal charges. SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees."
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