. >> and i'm livia. here's this week's top story. >> there's a way you can combine a good time with a good cause. in fact, an organization is standing by to support you. it's called "generation on," and emily has the story. >> lots of teens want to do community service, but getting started can be a challenge. that's where generation on comes in. >> generation on is a global youth service organization, or a movement, that mobilizes youth to take action in their community and do community service. >> we caught up with rachel at her latest service event. she found out about generation on when she was in sixth grade. the organization helped her start a kids care club for teens, by teens. >> and it started with about 10 girls in it, and now, it's expanded to about 40 youth from sixth grade to tenth grade. >> what does it mean for projects to be by teens, for teens? >> it means the kids in kids care come up with the service projects they want to do, and it's solely for teens and kids to do those service projec

. >> and i'm livia. here's this week's top story. >> for some of us, running is a sport. for others, it's good exercise. but katie reports on some teens who are using running to help others who are less fortunate. >> it's not often that a race begins with cheerleaders. >> all: hey, greenwich, get fired up! >> runners, set! [ starting pistol fires ] >> but this is not your typical race. it's a community fundraising event. it's organized to a great extent by teens. >> i'm here to help out at save the children, and they're a really remarkable organization. and they raise funds to support different programs -- education, health programs -- all over the world to help children and make them healthier. >> every year in greenwich, connecticut, members of the teen council of save the children put on their running shoes and roll up their sleeves. >> the teens volunteer, and they help along the road, and the teens also run the race. and they help some of the younger children run, as well, and they encourage. and some of the teens are here cheerleading. >> the teens say they voluntee

stop economist livia blanchett admits he was wrong about early i'll start before cos admitting failure to see the grave consequences was the financial measures brought on weak a u. country such as greece and i.m.f. working paper says the fund significantly underestimated any potential increase in unemployment marco politi a london based financial adviser and wealth manager says regardless of the latest statements other people will end up painful governments mistakes the reality is of course that in most places western governments which includes most of the southern european countries the level of state involvement in the economy has grown substantially over the last few years and what happens is of course that any significant austerity measures will have a massive impact on all on the economy what is being is debt accumulation that's the same in the us and most of most of your memory is continuing massive accumulation of sovereign debt. for some part this was. through the european central bank through the germans and the european community but the european community austerity measures