americans thomas burton and christopher sims won the award for their research on cause and effect in the economy. the developed questions for house economic growth and inflation are affected by policy measures, like a temporary increase in the interest rate or the tax cut. they did their work in the 70's and 80's, and it is now an essential tool for economists. >> economist christopher sims and tom sargent study how economic, political, and social shocks affect the economy. simmons does not have a quick solution to the problems plaguing the eurozone. >> my view is that if the euro is to survive if it will have to -- the euro area will have to work out a way to share fiscal burdens. >> the nobel laureate's did not want to make concrete suggestions, saying only some of their methods could be applied to the eurozone debt crisis. in stockholm, the nobel committee said the economists' work has become a mainstay in the field. >> this has become dominant in practical economic analysis all over the world. that is in both policy making and research. >> since -- sims did not say what he would

nobee prize for -economics- says the protest movement needs focus to survivea&nobel cllp 18-24 christopher simser sot: it would be nice if they would be more careful about formulating more rralistic policy objectives. megan gillilanddreporttng/ that brings us to our questton of the day. do you believe thh "occupy" movement will make a d? difference?here's a look at the discussion on our faaebook quite a few of you had occupy protests.join the discussion, byygoing to facebook dot com slash fox- baltimore campaigning to increase the cost of igarettes and help keep maryland healthy. the maryland health iniativee hosted by a-aar-p maryland kicked off itt campaign todaa which aims to build the marylaad's ttbacco tax. that tax would add anothhr 2 dollars a paak. hundreds - &pof orgaaizations have joined oo smoking... using the mooey - por health care. "what we hope is that more nd more people will not smoke because that will ave llts of money and reduce health care co" cost"over the past eccdd, dropepp by 32 percent. has - confident a tax hike will cut down on the number of smokers overall health of

princeton's christopher sims and new york university's thomas sargeant were honored for their groundbreaking research on how different events affect economies. both men developed methods that untangle the relationship between economic policy and different macroeconomic variables, things like g.d.p., inflation, employment and investments. at a news conference today, sims dismissed critics who blame the science of economics for the current financial crisis. >> my view is that technical, careful, statistical analysis based on macroeconomics is our hope for getting out of the current difficulties. >> tom: congratulations to both. that's nightly business report for monday, october 10. i'm tom hudson. good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more info

laura pollan", blanco" que padece grave infeccion irator.los estadounidenses thomas sargent y christopher simssiasmo por un momento. >>> va a filmaa ustedes >>> don mattias lo conoció sano y nos contó el misterio que envuel la historia de su vecino. . >>> que a mujer que tenía, que lo tiene así . así cen. >>> un daño,n mal. >>> sí, un daño típico que mandan hacer. >>> doña teresa tiene 83 años y mucho miedo por las fuerzas oscuros que según ella tienen atrapado a su hijo y que ningún médico, ha podido curar. >>> esa enfermedad de él es diabólica tanta medicina que ha tomado en el psiquiátrico. >>> y por eso cónsul tonsultos a mujer nos dijo que su mujer está enterrado en un cementerio. >>> lo que tieneue hacer, hacerle una buena limpia trabajar con los hermanos, con los espíritus y sacarle el trabajo que le han hecho a él en el cementerio. hay que sacar el trabajo para sacar el daño que le han hecho. >>> sin embargo, la ciencia ene otra explicación el sicólogo freddy, dice que el daño mental de julionada tiene que ver con fenómenos par normales. >>> buen este tipo de fenómenos, es por ignoranc

thomas sargent, christopher sims, the other good news is you are now both nobel prize winses.>>> just ahead, more people are beating the cancer disease. >> we'll take a look at that when we come back right here on "the early show." [ male announcer ] each of these photos was taken by someone on the first morning of their retirement. it's the first of more than 6,000 sunrises the average retiree will see. ♪ as we're living longer than ever before, prudential's challenge is to help everyone have the retirement income they'll need to enjoy every one of their days. ♪ prudential. bring your challenges. ♪ living with the pain of moderate to severe rheumatoid arthritis... ...could mean living with joint damage. help stop the damage before it stops you... ...with humira. for many adults with moderate to severe ra,... ...humira's proven to help relieve pain and stop joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events can occur, such as infections, lymphoma, or other types of cancer, blood, liver, and nervous system pr

thomas sargent and christopher sims for their work in mack economics. -- in macro economics.the left earned his ph.d from harvard and held teaching positions at stanford and protestor of economics at new york university. sims is a prefessor at princeton. >>> this morning netflix is hitting the rewind button on plans to split online and mail movie rentals. >> jane king live at the new york stock exchange with more on that and the rally this morning as well as the mad dash for the next iphone. you are busy this morning. >> a lot going on even though it is columbus day. about this napster thing it is called ter it didn't last long. netflix will not split its mail order dvd service from the internet streaming buy. it is going to run both businesses from a single web sigh, one account for the movie rental business. not sure how much better that will make customers feel. apple calling the iphone 4s its best launch ever. more than a million ordered in the first 24 hours. apple shares up 2 1/2%. netflix too. samsung and google delaying a new product introduction of android software f

thomas sergeant and christopher sims won the nobel prize for economics. the royal swedish economy of sciences recognizings the men for research how economic growth and inflation are affected by pollties with testimony rarin creases and increases for tax cuts t cuts. they did their research in the '70s and '80s. the economics prize is the last nobel prize to be announced this year. >>> turning to the weather. another warm afternoon ahead. tom kierein joins us with the forecast. hey, tom. >> why. one more day. enjoy. for many of you, you have the day off. congratulations. as we have had another wonderful morning under way. we have had our temperatures continue to climb. there's been quite a bit of fog out in the mountains and as far east as parts of the blue ridge and shenandoah valley but that's dissipating now and we have just high clouds coming over. right now 67 at reagan national. it is now into the low 70s. much of southern maryland. northern neck and the eastern shore. and farther northwest, 50s to 60s. but that fog continuing to burn off. the view f

two americans won the 2011 nobel prize in economics today, christopher sims of princeton and thomas sargent of new york university. they were honored for their work in the 1970s and '80s on how government policies can affect economic growth and inflation. the nobel committee said central banks now use their methods daily. at princeton today, sims joked that he and sargent have sparred >> not so sure to say that we have worked together. we have a series of continuing arguments. many of which are still going on. as i slowly persuade him of the error of his earl yes position. >> holman: the two men said they had no quick solutions to today's economic troubles. sims said, "if i had a simple answer, i would have been spreading it around the world." deadly clashes erupted in syria over the weekend. at least 31 people were killed, human rights activists reported. they said troops loyal to president bashar al assad fought army deserters around the city of homs. seven people died there. and in damascus, mourners at a funeral were sent fleeing when gunfire erupted. at least three people were killed.

to award the prize of scientific prizes in memory of noble to professor thomas j.sargent and christopher a. sims. >> the swedish academy made the announcement on monday. professors sargent and sims have together developed methods for better analyzing and understanding the casual relationship between policy measures and different macro economic variables such as gdp, inflation, employment and investments. >>> egypt's ruling military council has pledged to investigate the clashes between christians and security forces that killed 25 people and injured 300 on monday. the christians were protesting the interim government's response to the burning of a church last week. the demonstrations turned deadly on sunday with tanks driving into the protestors. on monday the military council announced on state television that it would ensure the violence did not recur. it pledged to set up a committee to probe the deaths and punish those responsible. the army is facing growing criticism that it responded to the demonstrations with excessive violence. political leaders of different parties met in the capital on

. >>> thomas saerjt of new york university and christopher sims of princeton say their research couldmakers grappling with the global economic crisis. congratulations to the two of them. >>> imagine you are driving along with your family and suddenly you air rested and strip searched. it happened to one man and now he is taking his case to the united states supreme court. man: looks great, hun... woman: ...and we're not real proud of this. man: no...we're not. woman: we...um... teen: have you guys seen captain stewie and lil' miss neptune? dad: did you look all over the place? under your desk? all around? teen: uh, they're fish, they live in a bowl. dad: what're gonna do? anncr: there's an easier way to save. anncr: there's an easier way to save. teen: whatever. anncr: get online. go to 15% or more on car insurance.r:u >>> a very emotional case going brt supreme court this week. a new jersey man said his rights were violated when he was arrested for minor offenses and then forced to endure two strip searches in prison. now more on this story. what happened? >> reporter: this case come

thomas sergeant of new york university on your left and christopher sims from princeton studied how changesment policies affect a nation's economy. ♪ you can feel it all over ♪ you can feel it all over people ♪ >> steph vi wonder sings and president obama sends his congratulations to civil rights acaan. joseph lowry celebrated his 90th birthday with soledad o'brien hosting the big event. >>> political buzz, your rapid fire look at the best political topics of the day. three questions, 30 seconds on the clock. playing today pete dominick. lexus mcgill johnson, and cnn contributor will cane. first question, guys, a texas pastor who backs rick perry says mormonism is a cult. do 2012 voters care about the religion of their president? will? >> yeah, to some extent but the question is how much. i contend mitt romney's mormonism in particular won't count that much. i think the more interesting question is should it matter. you know, for religion to be so important as it is to people, for it to be our intellectual foundation, or philosophical bearing, how we make decisions, i don't know why we have

thomas sargent and christopher sims regarding cause and effect in macroeconomic. >>> and the senate holdingcal vote on president obama's jobs bill, but it's expected to get fierce opposition from republicans. house budget committee chairman paul ryan says the president foes his bill is doomed. >>> the occupy wall street movement is spreading quickly across the country. demonstrations breaking out in more than a dozen cities. in washington, one arrested in a pro toast outside the white house. police used pepper spray on those who tried to storm the smithsonian space and air museum. >>> and it's been over a week since lisa irwin was snatched from her crib in the middle of the night. the police are trying to raise community awareness. >> following developments, live in kansas city, it's been a week and this baby girl is still missing. the parents are talking again, or at least they're working with investigators. why were they not for a while? >> well, this is kind of the -- the part of the story that has really overshadowed the tragedy that is the disappearance of 10-month-old lisa irwin. on t