all of us our investment how safe we think our money is or is not each day this week, we're looking at you. ello, i am gerri, tonight on the willis want. >> our special report user guide to education. tonight, we're tackling the question, is college worth it? how do you do that? navigating housing market the right way. after a red-hot year, home prices beg to cool. and 5 years after the market meltdown, mutual funds about to look better but there have a catch, we're watching out for you tonight on the willis repo report. >> we kickoff our user's guide to education with real world

advice to solution of college crisis plaguing our nation's students, parents and grandparents, a trillion dollars in college debt across the country, average graduate starting their life with $25,000 in debt, you see this every day. for picking the right school to finding best aid package, we'll have answers this week. advice from expert on cutting cost, and we'll debate new alternatives. but first we tackle the question nobody asks and everyone should. is college really worth it? joining me now, richard vetter, professor of economics at ohio university, and richard professor at new york university, author of the book, academically a drift, limited learning on college campuses, i am going to start with- i will call you both richard. that is you are both professor, and richard, let's start with

you. you know i was asking the question is collect worth it, the aim of money that people pay, are they getting what shea should for their -- when they should for their money. >> it is clear they are not. it is still worth it in terms of individual investment, in ter of their life course projectry. but -- trajectory, the prices twice of what tuition in cost are in europe. they are not getting a value for their money. >> richard vetter, i want to show some numbers, here tuition skyrockets up 1100%, and health care, is gone up 600%, housing up 375%. that is a huge expense for middle class americans, where do the tuition dollars go? what are we buying for this money? >> a good question,

increasingly, a large part of th money that we collect as universities of going for things unrelated to the core activity that universities are supposed to be involved in, a smaller percentage are going for faculty salaries, increasing proportions going for things such administrative costs. student services, some of home luluxurious. and some schools like subdecision of inter-- subsidization of intercollegiate athletics, they are not being good stewards are the money and drifting away. >> i don't know a college that has not gotten a new student meeting space in the last 5 years, they are buying everything. some of the places, i am going

to richard vetter, share some facts you shared with me, some institutions may for students to have their laundry done, they will allow students to drive to the college campus, to door of the class, and leave their car there and someone will park it for them, this is out of control, they will never live like this again, this is astonishing that we pay there are if. richard, you make the point, students are studying, less, parents are paying more, how much less? >> i think that vetter is right about what they are spending it oamenities, student service, and the like, but another way to say it, what they are spending on is happy students. students that are satisfied with 4 years that looks like summer company than what we thought of as college just a few decades ago. >> summer camp, that is what we're paying all this money for?

>> i dropped off my oldest at college two weeks ago, freshman. she said this, when i dropped her off, i thought my dorm room was going to look not as nice as the room i have at home. at home she shares a bunch bed with her younger sister, at college they have dividers, spend iseparate spaces, and kits below, it is ge to spend 4 years there as well. >> no gang showers. look at the -- it is living large, the and gyms they get are out of control. richard vetter, you see what kids get for the money circumstance this where the money should go? >> no. my colleague the other richard has written eloquently,

majestically about learning dimensions of college ex per experience, but boion, that the -- beyond that the disproportion of students are not gets jobs right away. >> i have to ask you, richard, about your findings, have you been interviewing kids, finding out their reflects, how much are they learning ? >> well you know, we gave them an assessment when they started college and ended college, 36% of people done move up one point on the test, a test scored from 0 to 100. when you look at their assessment performance today, and compare it to what a typical student learned 3 or 4 decades ago, best social science estimate it is about half, amount of hours student spend study today about half of what

students did 3 or 4 decades ago. >> richard vetter, what is the solution? how do we fix the problem? >> i do think we may be over invested in higher education, there are some people that are going to colge, probably don't belong there. for academic reasons, and for economic reasons because they are not ending up with good jobs, that is part of the problem of government financial programs, the student lone programs and so orather tha helping the situation, have probably agvated it making it woarltioning worseand contributc arms race we're talking about, i think we need to turn attention to, that do something about it. >> if you can fog mirror, you can get money for college, that is the problem, that means that institutions can reap hikes the -- keep hiking tuition, and making it more expensive for middle class to ed cated their children, richard eram, what do you think.

>> i think this -- same thing, if colleges are competing for 17-year-old, and typical 17-year-old goes on the campus tours, and they don't see the learning that shaping or not happening, instead they see the fancy new student center. the fancy gym, the new dorms, and they are making their decision based on that. and so, you know, i think we need a colleges and universities to stop competing on attracting students to those dimensioned and start competing on basic education, and rates of learning. >> no kidding, academic performance will go a long way. i think people, respond to the demands you make, if you don't make a lot of demands academically you will not get a lot of performance, i think that is happening? >> i think you are right, compar hours studying in u.s. typical 4 year s student to

countries in europe there is only one in under that average college student slud -- studiess than u.s., and yet the education is twice cost here. >> your number 45% of students after 4 year education, two years in workforce, they still don't have any performance, they are not doing what they should when it comes to functioning in the workplace. >> well, again we assess the students before college, at end of college, students that scored in top quintile were 3 times less likely to be uneloyed two years out than those inottom quintile, studying hard work pays off by improving the skills and outcomes, over the long-term for the kids. >> well, they need hire demands,

hitchard and richard, thank you for coming on. we talked about the problem and short comings, situation, and all this week we'll talk about solutions, thank you for coming on tonight, really appreciate your time. >> glad to be with you. >> thank you. >> we want to know what you think, is college worth it? log on to gerriwillis.com, vote on right side of the screen, and our user's guide to education continues all week-long, tomorrow, we help you pick the right school, and reveal secrets of college admissions, what are they really looking for? tomorrow and all week on the willis report. >> more still to come this hour, with more, more, more, a booming housing recover with signs of slowing down, you top hear about that and urgent threat posed by antibioticstrength resistance bacteria, yuck. what is being done, results of a new report from the cdc, stay with us.

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of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. gerri: president obama touting his signature law, a new poll

"usa today" pewy iy pew researcg that obama is more unpopular than ever. carry join -- we're joined by dr. scott. 53 firs53% now disapprove of th, why is this getting worse and worse. >> people are experiencing it. we'll experience a one time repricing of insurance for everyone. people are also seeing employment effects, they are dropping or changing coverage, some employers are not hiring to stay under minimum mantes of the law, this will grow more unpopular. i don't think that administration thinks this will become more unpopular. gerri: it is. but you know, i think all eyes on next few weeks will be on the

young people, they have to make it go. if young people don't shine up for obamacare on insurance when they open october 1, the law is going to be in real trouble. yet some 56% of young people say they have no idea that you know they are facing a fine. if they don't get some kind of insurance, what is your expectation of how young people will cope with this? do you think they know? do you think they care? do you think they will sign up? >> the fina almost immaterial compared to cost of the coverage, it s not a good deal in your 30s. that is not very good, if you earn $20,000 a year in at this times it wilin yourauthorities s you 100,000. it is better to pay the fine, or go uncovered.

take your chances. this policy could cost upwards are $3,000 for a young healthy individual in their 30s. gerri: a lot of money if you just make 30,000 a year. i think it is a big gamble whetherhey will sign up or not, i think you may get old and sick, they will raise the cost on the program, that is my gus? listen to this obama administration talking about a soft watch in this they are trying to dial back expectations, saying, unpeople will have moneys to sign up, don't pay attention to the first day. what do you make of that statement? >> the numbers will be soft, estimates right now from wall street, analysts who look at manage care companies they are expecting 3 to 4 million to sign up relative to estimate of 8 billion, it will be soft, they are trying to manage expectations. >> i want you to talk about what

obama said today, summarizing how he has done over last 5 years, everyone talking about anniversary of financial crisis. >> health care costs are growing at the slowe rate in 50 years. just two weeks from now millions of americans who have been locked out of health insurance because they had a preexisting condition, were sick or could not afford it, they are going to have a chance to buy qualify affordable healthcare on the private market plate. gerri: do we know that is what we're getting ? >> not a quality care, this say throw back to old hmos. we could have ddne something for those individuals that was more affordable, and cost less money, and would have given them a better product uonly reason that health care costs are going up people are not accessing heat

care the economy is so bad they cannot afford to go to the doctor. gerri: he is bragging that costs are coming down because people cannot afford to buy it, if you can't get your drugs at the pharmacy or you don't visit the doctor because you can't afford it overall national costs go down, we know that insurance premiums are rocketing higher and higher, everyone is scared about the next shoe to drop, thank you dr. scott. >> thank you. gerri: well, a threat to our health care system, over use of antibiotics. according to a new report center for american progress, policies for disease control centers for disease control, they are ramping up growth of drug resis saresistance super bugs, john roberts with details. >> we heard this story many time, but situation is getting worse, centers for disease control issuing a warning about

proliferation of dangerous bacteria that are reses stan to or -- resistance to or immune to our powerful antibiotics, a stunning stastic every year in united states 2 million people are made sick, by the antibiotics resistance microbes, 23,000 of them died cdc director said we're facing a health crisis unless something it done. >> we talk about preant bottic era, we're already in a post an antibioticser, to make sure we preserve the drugs we have for as long as we can to protect people. >> reporter: cdc brought together for very first time 18

most dangerous microbes, ranked them according to threat we fac from them, greatest from 3 particularly nasty classes of bugs, a intestinal bacteria then a echo lyl echoly, and a -- e. n a horrible form of gonorrhea. according to dr. mark siegel, not enough front line physicians are getting the message. >> doctors are handing out antibiotics like candy, they are saying maybe there is a 1% chance this is a bacteria, it is a knee-jerk, and patient pressure, and doctors not being properly informed. >> cdc is turning up volume to

get word out and encourage drug companies to invest more into new antibiotics before, the medicine cabinet is empty. gerri: wow, john, the economics of that, the companies they don't make a lot of moneymaking antibiotics, they don't want to do it, a double whammy, thank you, fascinating story. >> thank you,. gerri: well, lawsuiter in the show, you know it -- later in the show it has been 5 years since lehman brothers collapsed, it kicked europe worsed worse fs ever, where are we 5 years later. and we navigate the housing market as the recovery winds down, stay with us. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day.

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>> housing, once the bright spot of the economy, not so much any more, as prizes rice, and mortgage rates go up too. how do you navigate the market, john berns, great to see you, i am interested some metrics people don't talkbout. talk about sales, and about prices but i saw interesting ones in paper, about multiple bids decline, people were fighting over houses, raising bids, and bidding wars, then number of lockboxes used by listing agents. those are declining too. what do you see what you look at

this marketplace? >> well we're clearly seeing housing market slowdown, but no reason to panic. when rates rose in june at the time sales were up about 22% year-over-year. then actually in july they were up 19% that was a lot of people getting off the fence who were afraid that rates would go higher, august, new home sales cooled about 8% year-over-year. september will be down. gerri: what do you see for balance of the year? >> i think we'll run pretty flat the rest of the year, there is no reason to panic. there is going to be negative headlines a lots of home sellers got too greedy with asking price, that i one of the metrics are referring, to asking prices are coming down. there are fewer new home communities that are raising price than months ago. but still 47% rairiced last month, this does not seem like armageddon and demand supply.

>> you know one of the problem with marketplace there was no inventory, prices go up, but not a lot of housing on the market. would you rather be a buyer or a seller today? >> that is a really good question. starting to vary a lot by market some coastal markets in particular coast of california are feeling froth net bay area too. -- frothy in the bay area, you could talk about being a seller if you are timing the market. majority of country, housing cost is in good shape, if you are somebody to will buy a home live in it for a long time the payment is what costs you over the long time i would focus on that. gerri: i know a loot of people talk -- a lot of people talk about the mix of buyers with investors and foreign buyers, people put down all cash. hard to compete with that, is that going to change, say next

spring? everyone is focussing on that remember we had a spring market? >> you know, i think a lot as changed in two months we have word a lot of foreign buyers have pulled out of some of the expensive markets and moving on florida and more less expensive markets, capital is shifting, big institutions have slowed down they are buying because whole thes thesis is shot. but what i see replacing them is flippers coming in i see ads on tv to come make $30,000 a house flip, easy money. that is what scares me, we go from people making good snd fundamental investment, to cab drivers getting rich overnight. gerri: that is not a positive statement. if you were talking to someone who is buying a second home in the market, you pay attention to california in particular but also florida, what looks attractive now? >> that is a great question, the

second home market has been much stronger than i would have thought, that is usually the last market to come back, we have seen like 1 the naples mart fire, and toe and those areas, there is a huge surge in a affluent people, top 1 %, if you will, they are buying the home they want. gerri: john thank you, great stuff, great to see you. >> my pleasure. gerri: well coming up next. and this week marks 5 year cinemarket fell down, collapse of lehman brothers, and boy oh, boy have markets come a long way since then, our financial panel weighs in on you which put your money, 5 years later. did you misthe market move -- miss the market move 33%.

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>> remark to insidious in new york, here again is gerri willis teeseven to mark that 5-year anniversary, the one since the collapse of lehman brothers and what became a financial meltdown the president today testing of the economy has improved. >> if you add it all of of the last three and a half years, our businesses have added seven and half million new jobs. the unemployment rate has come down, the housing market is ceiling, our financial system is safer. we sell more goods made in america than ever before. we generate more renewable energy than ever of four. reproduce more natural gas than anybody. gerri: is the economy better? joining me now, harvard economist, chief strategist at bell. asset management. and a partner at ma capital management. a great panel. thank you for coming in.

i will start with you. i listened to every word of this. even study the transcript of the i have to tell you, it was one of the most disingenuous presentations of economic fact i have ever heard. what was your reaction? >> she has had a lot of things which were accurate. the economy has improved over the last three and a half years. gdp is up. employment is up, unemployment is down and all that. his claim that the financial system is safer than ever before, that i find highly debatable. there are serious risks in the financial system that we are going to discover some time. that part i thought was problematic. gerri: he starts the clock ticking three and a half years ago. he has been on the job longer than that. what's more, we ignore long-term unemployed, people have dropped out of the work force, the

numbers on the economy when you look at the labor force are abysmal. you say? >> well, he used it as an opportunity to redo his campaign speech. 2012, 2008. he is also using it as a chance. he uses it as an opportunity to chastise those it and not have the same political vws he does. what he fails to not recognize is you cannot legislate from the and the microphone. that is not have a government works. how you make -- its complicated. gerri: you have to do what i want you to do. people don't respond to that. >> we will happen behind closed doors. gerri: use a surprisingly little has happened. tell me what you mean. >> a lot of the european banks and still consider the sovereign debt risk free. a lot of structural unemployment , what i call the permanently unemployed which has gone up. not a lot of people focus on that which drags the economy.

long-term it at sand to the gears, and it is -- gerri: sand to the gears. i like that. one of the fact that i thought somebody to they should mention, over the last five years median inmes have gone down. even if you include inflation. so in a country where we are use to people's lives hitting better and our incomes growing up and up and up, just the opposite as happened. most folks have found that there incomes have gone down. why we not paying attention to that? short, the stock market is up 33%, but if you stop looking at wall street and start looking at main street, the story is different. >> that is certainly right that there seems to be a fair bit of stagnation in the middle and lower part of the distribution. people take very different reactions. mine is that we have too much government. it interferes with entrepreneurship, new businesses and things like that. of course the democrats say that therefore we need it redistribution from the rich have done relatively well t to

help people in the middle of below. i think there is an agreement on the facts, but there is disagreement. gerri: we are about to enter into a very big conversation. we have a change in him might be the federal reserve chairman. it will not be me says larry summers. the markets say hurray. why did they lycoris a much? >> she is most likely to carry on bin bernanke's mantra, so to speak. gerri: spend tell. >> that is what the fed has been doing, but i think they did it. they understand that they will have to taper. we govern in this country today by polls and focus groups. the president looked on the polls and decided that this guy has to go. probably took him aside and asked him to withdraw. gerri: he defended him and then he stopped and pulled out the rug. the whole storys amazing. my real question is this.

what would janet yellen mean for my pocketbook? >> whether it is she or anyone else, in theong term they have to face reality. what they're doing is having fewer and fewer of facts as far as reducing unemployment. so at some point it is like an addict. you need to take more of a drug in order for it to have the same effect, and it is not going to. right now we saw a little bit of a bump longer-term it could be a different story. gerri: if i was a candidate for something like the federal reserve and i dropped out and the market had a party, i would develop some kind of psychological complex. i don't think he is that guy. what can we expect out of the fed coming up and what will it mean to my pocketbook? seriously? >> we are going to have higher rates regardless of who is fed chair and regardless.

that is baked in the cake. all of the expansion will put pressure on rates and the question will be whether that will be an orderly process where we will gradually see higher rates, as low and stable fashion all whether they're is a big bubble and bond prices. once the fed starts to taper in earnest we will see a bit more of a panic, bond prices will crash. then we're back in the same soup we were rain. there is a serious risk of that. gerri: are you preparing for some kind of break in the market? >> i'm not. the market understands to is about to become the fed chairman. i think all of us here or in support of fed actions during the financial crisis. policies that are in place right now have run their course. the dual mandate of focusing on jobs will not work. the secular issue, exporting a lot of jobs overseas.

gerri: getting a lot of support because she is a woman. i personally am so deeply disturbed. let's pick somebody because of their gender. what a great idea. >> i happen to agree. like any other woman i don't nt to be given special advantage simply because of my gender. if i deserve a job and it is based upon a meritocracy this analysis she should get the job. the national association for women's jobs was in the headlines talking about it. i thought, let's talk about her qualifications rather than her gender. gerri: i love that. thank you for coming on. i do think that is a boston red sox spirit. that is i am judging it. >> go red sox. gerri: appreciate your time. great conversation. coming up, it is money-saving monday. most here tips on how to improve your credit score and more of

our look on the market meltdown five years later. how mutual funds have fair and whether they are a smart move for your money. stay with us. ♪ the pursuit of a better life for our children is something we all share. but who can help prepare them for the opportunities ahead? who can show them how to build on your success, but not rely on it. who can focus on making your legacy last for generations to come? that someone is a morgan stanley financial advisor. and we're ready to work for you.

♪ gerri: remember that? five years ago lehman brothers filed the largest corporate bankruptcy in u.s. history. the start of the market meltdown that / u.s. portfolios across the board. this huge moment in history is no longer even being calculated because we're having the anniversary which means big changes. joining me now, mutual-fund research director. great to have you here. great to have you. i feel like you are the perfect person for this segment. you know what, as an investor in

mutual funds and look at five-year performance. what will happen now that that anniversary is in the rearview mirror? >> what is happening is it will slowly rollout. the five-year numbers are going to jump because we are going to see that market fallout shortly which means that the nbers will look much better. the aggressive funds in particular we will look really good because and we will not appeal to see the awful loss we saw in 08 and early on nine. gerri: that is how statistics lie. five years out and you have no idea what happened during the worst of times. you have interesting numbers about how mutual funds have performed in those intervening years. we know that the stock market is up 33%. you have sectors that have done really well, starting with small growth. tell us about this. >> the annualised 5-year returns on small caps, made camp, even

large somewhere between eight and 7% annualized which is a great number and illustrates the you get up a if you stuck with it and did not panic. the people who are themselves of those two panicked. this just shows five years later here we are with some nice returns. gerri: small-cap growth or mid cap growth or mitt can't tell you where small-cap value. on and on it goes. can the same sectors continue to perform at these levels? >> probably not. i don't think ten or 11% is sustainable for any sector. probably not that high. i would be happy to have 68 percent the next ten years. even that is optimistic. gerri: what do you expect to do really well? what you looking at? >> scks are still relatively more attractive than bonds given that they have lousy yields.

low-cost funds that invest in moderate allocation. u.s. large gaps in world stock. moderate allocation because you have a mix of stocks and bonds which tells people to not panic. the next move down, people will stay with it. the real lesson is don't panic, stick with your plan. gerri: but nobody did that. i cannot tell you how many e-mails i get where people tell me, i don't trust the stock market. people are still upset about this. you guys just told the story in one of your reports. people worry about bond funds. tell us what that report showed? >> yes. money coming out of bond funds today. when interest rates started moving up and made some people were surprised. i think since the 08-09 bear market some people thought bonds

or a safe place and just kept putting money and has heels came down. lower yield means greater interest-rate risk. we started to talk about the fed tapering. that meant that the typical bond fund took a hit. clearly not everyone was ready, even though i am sure you have been talking about the potential for rising rates. gerri: outflows of $802 billion. even know, it is like people have a memory of may be year or maybe six months of sometimes. they just cannot keep the b picture in their head. very hard to do that when you are near retirement especially. any other big takeaways tonight for investors out there as they look forward? some of the biggest net inflows, total return. people are buying really big fines. what should they not for it?

>> you look at the five-year numbers. people have been liking bonds and index funds. the five-year return is only part of the story. look at the fund returns under the entire manager ten year. you have 15 years of data which would give you a sense for the risks and rewards that are out there. gerri: thank you for coming on the show. great to see it. >> um... where's mrs. davis? she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. davis teaching? spelli. that's not a subject, right? i mean, spell check. that's a program. algebra. okay. persons a and b are flying to the bahamas. how fast will they get there? don't you need distance, rate and... no, all it takes is double miles. [ all ] whoa. yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. you're the world's best teacher. this is so unexpected. what's in your wallet? this is so unexpected.

nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. gerri: could your credit score on point. how to fix your credit report. two min

♪ gerri: interest rates are on the rise. you know that.

from may through august we saw the largest four month increase in 17 years. with increasing numbers it is more important than ever before to make sure your credit score is right. here with how to do just that is editor at money answers dot com, author to the book nastier debt. let's start with how to correct error -- fix errors. nearly every credit report has some kind of mistake. >> that's correct. >> the first thing what you want to do is online dispute resolution. go on and say i did not pay this late with this was not my report. even with a credit bureau, like the three, equifax, experience, trans union, or the original creditor. gerri: added not think any of them were legitimate. >> there are some legitimate ones, but there are legitimate ones who will do there work for you. when i like is called low credit. they spend months and months doing these things, writing these letters.

in fact, you can get your score up by 100 points or so. gerri: expensive? >> it depends upon how you do it. if you have a relatively small number of mistakes it will be less. gerri: the say you are confused with somebody else. >> always happens. you're never confused with some rich guy. some of his trip down of their loans. one member of under social security number, an old address. a lot ofays you get confused with other people which is usually where errors occur, and it is hard to get them off. gerri: monitor your report continuously. >> a lot of people have no clue. monitor on an ongoing basis. one example is guard my credit. and you know what is going on. that is the first thing, having awaress. gerri: what kind of rice joy have? >> fair and accurat credit -- credit transactions act. that gives you the right to

challenge airs on your credit report. if they are not proven accurate they have to come off in 30 days. gerri: i love 30 days. challahs the errors with the original creditor. go back. >> it's like a library. if there is something wrong in a book you don't change it with the library, you change it with the publisher. if you have something wrong in your credit report, the original creditor is the one that can change it much easier than the credit bureau which is reporting what the creditors saying. gerri: very smart. gosar we don't have more time. you have it all. thank you so much. good to see thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history...

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go national. go like a pro. see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, trtment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you.

that's health in numbers. unitedhealthcare. your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. gerri: president obama's today using the fifth anniversary of the financial crisis to hammer republicans on economic policies. you know what, the fact is it is the president's economic policies that are failing as. we're now in theifth year of the obama recovery. to blame republicans for the weak economy is absurd. the president rattled off a few facts about jobs and economic growth, but the truth is, fewer

people working now than five years ago. this is the worst economic recovery ever, and it goes beyond just jobs. in comes a fallen 5 percent over the last five years. even counting inflation, a fact the president does not out to be the president today also said as up for another bipartisan battle over the budget in the fall. if this administration really wants to get things going they can start by simply beating up on republicans. that is what they have been doing, listen to some of their ideas would be better. that is my "2 cents more". finally tonight, all this week we are bringing you a user's guide to education, giving parents and students all the tools they need to navigate colet's life. today we debated whether college was worth it. we ask the question on gerriwillis.com. 34 percent of you said yes, 66 percent said no. coming of tomorrow, we hope you pick the right school and reveal the secret of the admissions policies. what are they looking for? that is tomorrow and all week.

that is it for tonight. thank you for joining is. have a great night and we will see you here tomorrow. ♪ lou: good evening, everybody. tragedy's tracking the nation's capital today after at least one gunman went on a shooting spree after -- at the historic u.s. navy yard in southeast washington d.c. tell people were killed. a dozen others injured. the suspected gunman was shot and killed. he has been identified as erin alexis of fort worth, texas, a former naval reservist. authorities are still or searching for another possible accomplice who may have been disguised in a military-style uniform. early authorities were looking for two other suspects, but they found one of them and ruled him out as a person of