here to explain is cbs news business analyst jill schlesinger. it seems like the food court never changes so, what is happening now? >> well, the food courts and the companies that put their businesses in those food courts really lived by that old real estate saying, location, location, location, they were in this heavy foot traffic area, a mall, or even an airport. when the recession hit and people weren't flying nor were they shopping, and another thing happened. the way we shop has changed so dramatically, think about it, over the last ten years, we're shopping on-line. and when we do go to the mall, it's for a shorter period of time. it's not a full day event so we're not hanging around for lunch. >> most of us are trying to get in and try to get out. you mentioned the recession. the recession ended five years ago so, why now? >> there is really a tale of two recoveries. and a lot of the retailers have said there's been a high end consumer retail boom at the same time where the lower end or the cost-conscious shopper really has been taking a

. >>> we learned today that james schlesinger has died. he served under nixon and ford, he was known for taking a hard line with congress on the defense budget. nixon also made him cia director. as the country's first energy secretary under jimmy carter, schlesinger was a strong advocate of nuclear power. james schlesinger was 85 years old. >>> the kennedy library foundation announced today it will present its 2014 jfk profile in courage award to former president george h.w. bush for his 1990 decision to raise taxes as part of a budget deal with congress. during the campaign, bush had famously said "read my lips. no new taxes." his decision to break that promise not only took courage, as the award says, it also may have cost him reelection. former president bush turns 90 this june. >>> and when we come back here, team spirit. a star player's biggest fan and the feeling we can tell you is mutual. >>> finally tonight, when michigan state battles virginia tomorrow night in basketball's sweet 16, an 8-year-old girl will be among the biggest fa

james schlesinger, the nation's first secretary of energy.we attempted to control the price of oil or natural gas based upon the assumption that a 15% rate of return was the ceiling because there are so many failures, dry holes, we would discover that it would not have been the entrepreneurial activity in the industry that was necessary to maintain any activity. the control of price in a highly risky industry will destroy that industry. we were doing damage to the industry during the period of control. world oil prices kept rising. although prices for our known oil reserves were restricted by nixon's controls, the american oil industry had one incentive-- new oil. oil found after 1972 was free to follow the higher world price. american producers heard the knock of opportunity. one newcomer, sam lefrak, a new york city landlord, declared war on o.p.e.c. because they drove the price up so high, it now became economically viable for us to go deeper and drill right here for oil and gas. in 1972, at least 40-60% of america's known reserves remaine

his midwest, said arthur/ginger -- schlesinger, stopped with and the viable business -- egos on they fixed the image of america not just for the intellectuals of his own generation but for the world in the next half century. that is exactly right. the first american to receive the pulitzer prize also i suggest if you read sinclair lewis 11 today you will find his writing not that appealingly she is not a good writer and he knew it. it drove him crazy that he got the pulitzer prize. it wasn't a favor. main street caught the world of post war literary disillusion with america. it is about a young woman who's married to a dull but faithful husband and how she suffers because her fellow citizens of gopher prairie are just call beyond words. they don't have parties in pajamas, they don't read the best new writing, there just provincials. it is an enormous success. one of lewis's best biographer's described the book as an event in american history. not just an novel but an event in american history. he is right. it marked -- was the demarcation point in american culture. 12 years -- he wou

james schlesinger was 85. the kennedy presidential library foundation announced today it is awarding its profile in courage award to former president george h.w. bush. the foundation says mr. bush showed political courage when he abandon his "read my lips" promise of no new taxes and agreed to a 1990 budget compromise that many believe cost him his reelection. and there's been a surge in the number of children diagnosed with autism. boston mowrps two of its braif t killed in a fire, and leopard twins meet the public when the cbs evening news continues. hi, i'm terry and i have diabetic nerve pain. it's hard to describe, because you have a numbness, but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. once i started taking the lyrica the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may

james schlesinger was 85 years old. still to come on the newshour: a firsthand account of the search for mudslide survivors and victims; the meeting between president obama and pope francis; new research into what might cause autism; the recruitment of foreign nurses; the debate in the states over stricter voter i.d. laws; plus, an award-winning architect's innovative structures for humanitarian relief. >> ifill: rescue and recovery crews on the ground in washington state are struggling against tough conditions and a forecast of more rain. the mudslide happened about 50 miles northeast of seattle in the small town of oso. jeffrey brown has this update. the national guard joined the efforts earlier this week, master sergeant chris martin is a member of the search and extraction team, he joins us from arlington right near the site of the mudslide. thank you for joining us. what is the situation there today, has it gotten any easier to do the work? >> you know t seems like we've made a lot of progress from yesterday. we ha

jill schlesinger serves up an explanation. and the legacy of david brenner. why johnny carson originally passed on the comic who would become a tonight show favorite. >> very funny things in there. really funny things. >> this is captioning sponsored by cbs this is the "cbs evening news."

cbs news business analyst jill schlesinger more on this. we're talking about student loan debts.how much. >> 1.2 trillion. how about that. that's a big number. the average kid who has debt now is graduating school with $27,000 in debt. that's a mortgage payment right there. so obviously with that burden, it's very difficult for kids to afford buying a home. it's even hard for them to rent. they're going home living with their parents and these boomerang kids are staying there for a while. >> glor: that's a house down payment does. this group still think of homeownership as the american dream. >> i don't think so. i think when you graduate in the midst of a terrible recession, that it really does impact you and impacts your decision-making. these kids suffer from what economists call resent see bias. what happened in the past informs our decision-making going forward. the good news is hopefully as time goes by it isn't seem severe and will feel homeownership is a good idea for them. >> glor: for these kids, what does it do to the housing market overall moving forward. >> in the la

jill schlesinger, thank you have a great day. >>> it is 5:42. and a new report comes out today on the response to last year's deadly shooting at l. a. x.. coming up why investigators say police on the scene had no idea what was going on. >> and i'm cate caugurian live in the newsroom and a northern california man is accused of trying to fight alongside terrorists in the middle east. how the feds were able to catch him before they say he was able to leave the country. ,,,,,,,,,,,,,,,,,,,, a report on the emergency reponse to last november's deadly shoot >>> happening today a report on the emergency response to last november's deadly shooting at l. a. x. points to serious shortcomings in the reporting this. it says police and the fire department set up separate command posts that didn't unify for some 45 minutes. officers shot and arrested a suspect paul ciancia after he allegedly killed a tsa agent. >>> a san joaquin valley man faces terror related charges, kpix 5's cate caugurian is in the newsroom with more on the suspect and what led to the ar

jill schlesinger, thank you for all the advice. developing right now in the ukraine, the u.s. has imposed visa restrictions on russians and crimeans it says are threatening the sovereignty of ukraine. there will be a referendum in crimea on whether it should be part of russian. secretary of state john kerry is expected to talk today with his russian counterpart. both men reported some progress in yesterday's talks. >> we are committed to working with russia and together with our friends and allies, in an effort to provide a way for this entire situation to find the road to deescalation. >> u.s. has proposed a plan requiring russia to return its troops to bases in crimea, allow international observers into the region and recognize ukraine's upcoming elections to establish a new government. >>> the s.a.t. college entrance exam is in for some major changes. kpix 5's kiet do is at san jose state university with the problems of the old test and the changes to come. kiet. >> reporter: yes. the ceo of the company has some very harsh words

all right, jill schlesinger, thank you. >>> a never-before-seen project to warn us before the next bigl take you under the cal campus coming up. >> reporter: good morning. we are live at the san francisco flower & garden show. it's the first day of spring so we have beautiful flowers and water-wise landscaping. that's all as the news continues right here on kpix 5. ,,,,,,,,,, bulldog; oh boy! every mattress at mattress discounters is so comfy. how could they get any better? well, there's one way... brilliant! mattress discounters red tag sale! look at that! $300 off serta perfect sleeper, and sesturepedic. plus, free deliver the red tag means you save more green during mattress discounters red tag sale. now that's a b sight. ♪ mattress discounters doing something a little different to warn us. kpix 5's andria borba tak >>> in preparation for the next big quake bay area seismologists are doing something a little different to warn us. kpix 5's andria borba takes us deep below ground somewhere tv cameras have never gone before. >>> reporter: it looks like a dungeon for naughty cal student

but cbs news business analyst jill schlesinger says there are a lot more affordable options out there, tell us why. why is it so hard for the little guy to get a little help? >> reporter: many of the traditional brokers and advisors out there have essentially priced out smaller investors from the advice market. they have done that by jacking up the fees for accounts with less than $250,000. fees have risen above 2% for those size accounts. or they have actually charged back commissions for expensive mutual funds or insurance products. now, there is good news. increased competition combined with new technology has created options for smaller investors who are seeking guidance. >> what are the more affordable options? >> reporter: well, you can go to a mutual fund or discount brokerage firm like vanguard, fidelity, schwab, ameritrade, etrade, they can all create a simple financial plan and provide portfolio allocation recommendations for a flat annual fee based on the amount of money you have invested. so those fees range from about a half of 1% to 1%, and, of course, that's a lot cheap

jill schlesinger, have a great day. thank you. >>> it is 5:41.nia's unusual weather leads to one of the most bizarre scenes you'll ever see. coming up why wildlife officials say this bear wandered out on a tahoe ski run coming up. >> a plane crashes in northern california killing one woman and critically injuring the pilot. the conditions that rescue crews had to battle trying to save one man's life. ,,,,,, spokesperson: the volkswagen passat tdi clean diesel can go 795 highway miles on a single tank. huh... so you could drive from los angeles all the way philadelphia with just three stops for fuel. that's just a hop, skip, and a jump. try that in another midsize sedan. it's more of a hop... a skip... a jump... a leap... maybe a schlep... probably a hurdle... a little bit of a trek... avo: during the tdi clean diesel event, get a $1,000 fuel reward card and 0.9% apr for 60 months. we get to the end of the day dinner'and i am toast. suit. in fact, we've had toast for dinner. but tonight i nailed it. kfc family feast. 9 pieces any recipe, 3 large s

we're joined by cbs news business analyst jill schlesinger.ush comes from the consumer financial protection bureau which was created after the financial crisis of 2008. why this push about credit scores now? >> reporter: the c.f.p.d. have been conducting a 14-month study of credit reports and credit scores. and they have found that there are pervasive errors in consumer's credit histories. this is a big problem, because if you have a very low score it affects how much you can borrow and at what rate. so number one, we've got errors. number two, the c.f.p.b. found that actually once you identify the error it's awfully hard to correct it. c.f.p.b. wants credit card companies to publish monthly your credit score and frankly, they are kind of trying to push this through but it is not clear whether they have the muscle to make credit card companies do something different right now. >> glor: they want it to happen, it may not happen. people don't realize just how much these credit scores get used now, right? >> reporter: absolutely. you know, landlo

the luxemburg wrote a short book in the arthur schlesinger series, glen johnstone.a wonderful scholar recently passed. david werner. robert byrd wrote about president and did some interesting work on hoover. the fishing president about hoover and fishing, fly fisherman. uncommon in it i know you've interviewed with him before. for margaret hoover, who recently wrote a book not about hoover directly, but his ideas in american individualism. is there anyone to add? >> guest: many have written monographs that we probably wouldn't have time to list, but these are very eminent group of people. i think i knew all of them and know all of them except for mr. lyons who passed away many years ago. one of the things that have happened in this generation is a hoover scholarship has taken off. partly because his papers were open in 1866. up to that point, people had to rely in newspaper articles and so forth and now they got to see the hoover story from the inside. there's been kind of a boom if you will and hoover scholarship and maybe more detachment about him this time is pas

relationship i think of the relationship and the partnership between jacqueline kennedy onassis and arthur schlesinger and theodore sorensen and ted weiss or eleanor roosevelt relationships and a number of other people who helped to define the legacy. and so my hope for this book is that it will help us to remember that lincoln was not always remembered as we remember and today there were vast effort that went into that enterprise. i would love to take some questions if there are any. [applause] >> i think he was trying to do a different project. a very lively account. we're looking at different questions using the same people, but it is a beautiful read. the biography is magnificent. if you are interested in a comprehensive -- i should not say this. if you're interested in a comprehensive biography don't buy mind, by his, but you want to read both. he did a number of other things that i do not cover. a presidential aide and a great diplomat which is something i only cover in passing, i noted poet, but he stopped writing for writing in the vernacular of his native illinois. he pioneered the practice o

bill lautenberg.arthur schlesinger series.gary is a wonderful scholar recently passed, david werner, robert did some interesting work on hoover. the fishing president about hoover and flyfishing richard norton smith uncommon and i know you have interviewed with him before and margaret hoover who recently wrote a book not about hoover directly but about his ideas and american individualism. is there anyone to add and have we left anyone out? >> guest: there are many monographs that we wouldn't have time to list but these are very eminent people. i knew all of them and know all of them except for mr. lions who passed away any years ago. one of the things that has happened in this generation is scholarship has taken off. partly because the papers were opened in 1966. up to that point people have to rely on newspaper articles and so forth and now we got to see the hoover story from the inside there has been a kind of a boom if you will and hoover scholarship and maybe more detachment about him as time has passed. some of the emoti

mason: if a rolls is out of your price range and you're looking to travel on the cheap, richard schlesinger the ticket. >> there is something about spirit airlines that doesn't add up. passengers routinely blast the airline. consumer reports gave it one of the lowest overall scores for any company it's ever rated. but it has one of the highest profit margins of any airline in the country. spirit takes no frills to new heights with some of the lowest-based fares but passengers complain it's late, it's cramped, they are charged for things most airlines include in the ticket price. we found lynn on her second flight largely bus she already bought three nonrefundable tickets. would you do this again? >> not next year. i booked all three flights -- >> how about the year after? >> no. not the year after. >> if so many people dislike spirit airlines why is it so hard to get a ticket? ben baldanza is the ceo. >> what people say and do are different things. people like to save money. and some of those people complain about what it takes to save that kind of money. >> flying spirit does take a little

this week, james schlesinger passed away at the age of 85. was a former defense secretary and director of the cia serving under nixon and ford. he was a regular guest on this program. here he is in 1985 talking about america's position in the world. >> the united states was the paramount power in the world after 1945. today, it is a power that is first amongst equals but it is not paramount. it does not necessarily constrain others. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. when folks in the lower 48 think athey think salmon and energy.a, but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produc

lincoln, i think of the relationship as a partnership between jacqueline kennedy onassis and arthur schlesingernd theodore sorenson, teddy white or i think of eleanor roosevelt relationship with joe lasch and a number of other people who helped to define franklin was a legacy. and so my hope for this book, modest as it is, that it will help us to remember that abraham lincoln wasn't always remembered as we remember him today, and they were very real vast efforts that went into the enterprise. so thank you. i would love to take some questions, if there are any. [applause] >> what is your opinion of daniel epstein's book, the lincoln's men, which covers some of the same material that you have talked about? and secondly, what do you think about the recent biography of john hay speak was i like them both very much. epstein is really a literary man, a poet, scholar of literature. and i think he was trying to do a different project. it's a very lively account and dozens of other characters as well. we are looking at different questions using the same people. but it's a beautiful read. the biography o