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A Look At Mortgage Rates And Credit

Guy Raz interviews UCLA finance professor Stuart Gabriel. Gabriel talks about how fixed mortgage interest rates have hit a historic low, but it's harder for homeowners to qualify. He says credit is cheap and tight — two things we never used to see. He explains what has happened to cause interest rates to plunge while underwriting has tightened.
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Local Food Is No Small Potatoes: Farmers Rake In Almost $5 Billion

More than half of the $5 billion in local food sales came not from farmers' markets but from restaurants and grocery stores, according to a government report. Those points of sale have attracted bigger farmers who might not bother with direct-to-consumer sales.
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Op-Ed: Cultivate Innovation To Kick-Start Economy

Republicans and Democrats alike are focused on one major issue: jobs. But inventor and entrepreneur Dean Kamen argues they're missing the bigger picture. To bolster the economy, he says, requires passion, innovation and risk.
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Company Towns, After The Company Leaves Town

Huntsville, Alabama is known to many as "Rocket City." Nearly half of the city's jobs are connected to space and defense funding. Now, with NASA and the Pentagon facing significant cuts, Huntsville faces an uncertain future. Newton, Iowa, went through similar straits when Maytag left town in 2007.
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Summit: Free Trade In Asia-Pacific Vital To Recovery

President Obama has a low-key day in Hawaii Monday, before he flies to Australia and Indonesia. His weekend was full of diplomatic meetings at a summit of Asia-Pacific leaders. The president believes the U.S. has not paid enough attention to that region over the last decade. With the wars in Iraq and Afghanistan winding down, he's promising to devote more resources the Pacific Rim.
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Is There Time To Solve The Eurozone Debt Crisis?

With technocratic governments being formed in Italy and Greece, the euro may get a short-term bounce from the markets. But there is concern the changes afoot may not happen fast enough to end the eurozone debt mess.

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