Bill Frezza, a venture capitalist and a fellow at the Competitive Enterprise Institute says the idea that creating jobs leads to growth and prosperity is a fallacy. He tells Lynn Neary that the jobs myth is at the heart of the nation's unemployment problems.
California has begun transferring supervision of thousands of its prisoners and parolees to local officials. That's because the U.S. Supreme Court ordered the state to radically reduce its overcrowded prisons. Local officials say the new program, known as realignment, will lead to a spike in crime.
Three U.S.-born scientists won the Nobel Prize in physics on Tuesday for their studies of exploding stars that revealed that the expansion of the universe is accelerating. The three will share $1.5 million.
In 2009, David Greene took a road trip across the country to mark President Obama's first 100 days in office, and to try to get a sense of how people were faring in the recession. Today, he talks again with Jeff Taylor. In 2009, Taylor re-enlisted and went back to Iraq because his family couldn't afford for him not to return. But now Taylor and his wife are facing a new level of economic difficulty.
Supreme Court justices don't usually tell tales out of school, and retired Supreme Court Justice John Paul Stevens pretty much adheres to that tradition in his new book, Five Chiefs. But in an interview, the 91-year-old justice showed a little leg, as it were, when asked about recent controversies over Supreme Court ethics.