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.
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.
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.
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.
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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