writer michael kaplan says on a recent trip to las vegas, he couldn't help but get the impression that vegas is tightening its belt to a suffocating degree. he points specifically to mgm's new parking fees, and hotel resort fees. he says he does realize, however, that the days of the 99-cent shrimp cocktails are gone, people continue to sound off about the article on social points. a new apple patent could reveal a long rumored waterproof feature of the i-phone currently in production. the company was recently granted a patent..which highlights editing tools used for underwater photography. that hints apple may have potential plans for waterproof or water-resistant gadgets. the patented technology would ensure scenes taken underwater could stay vivid and maintain a blue water hue. we have "national" days for everything it seems like... food and drink... but today it's national slow down, unwind and relax! enjoy it. for more stories now trending -- go to our website ktnv dot-com. join us tomorrow for good morning las vegas-- from 4:30 to 7! coming up later.. in tonight's abc primetime l

michael: when you look at what's going on, do you think there are distortions in the markets these days for monetary policy? robert kaplans a cost to having rates this low for so long. there are reasons to have rates this low. the cost is it hurts savers. if you have any money in savings, you can't turn on it. second, he causes people to take more risks. people who have one type of asset allocation are pushed to take more risk. institutions are taking more risk. it can create imbalances. i think there are some of those imbalances today. my experience is there are the imbalances that you see. sometimes it is easier to see them in hindsight. they are building and i see them in certain places. for example in commercial real estate, from a macro prudential point of view we tried to tamp down bank exposures on commercial real estate. we see some of these imbalances. matt: that was dallas federal reserve bank president robert kaplan with bloomberg's mike mckee. coming up, ea sports released the latest version of madden this week. i still came to work. gamestop hopes the game will turn around their fortunes. their stock falling