on the big issues people are caring about, jobs, housing, university finance, we're going to stand up for you. it is no surprise that people did not turn out for us. we have to get back on people's side. labour will reduce the housing lines. >> across the south of england, we've not address the problem of housing. it is a big failure of our government. they could get rid down and make away in the war. labour, we had become dangerously disconnected from ordinary people. they look for times that we're on the side of big business, not ordinary people. we are not standing up for our principles. we need to rebuild labour from the bottom up. >> i think it for you do as a member of the european parliament. we have to be a party for every part of this country. the way we've when support is recognizing that labour is right to say that. we have to have the courage to change. on a whole series of policies, on tuition fees, on issues like civil liberties. if we have the courage to change, we can win back power in this region and across the country. >> let's get some reaction from the audience on

same period if labour did not have a distinctive message, people caring about jobs, housing, university finance, we are going to stand up for you, it is no surprise people did not turn out and vote for us. that is what happened, i am afraid. we have to get back on people's side so that they say labor -- >> thank you. >> i think here and across the south of england we have not addressed the problems with housing, access to housing. that was a big failure of our government. routing down and making their way in the world. labor by the end of our time in government, we have become dangerously disconnected from ordinary people. it looks as times as though we were on the side of big business, not ordinary people. the elites in the media and business are not standing up for what we believe in right, our principles. >> thank you. ed milliband? >> richard, thank you for what you do. we have to be a party of every part of this country. the way we win back support is by recognizing that new labor was right to say we need to be a part of -- to be a part of middle and lower income, but we have to have the c

who overcame a long battle with anxiety to go on and graduate from the university of michigan and have a bright future in finance. >> i think religious tolerance honors those that were lost. what we're saying for the muslim world is, "we don't trust you. we don't like you." >> reporter: "we don't want you." >> "we don't want you," and that's exactly a victory for al qaeda. i don't want to give them that victory. i don't want to give them that victory. i'd rather say to them, "we stood by what we believe in, despite what you did to us." >> reporter: daisy khan says most 9/11 families agree with herb ouida and support the islamic center. but for relatives like sally regenhard, the refusal of those backing the islamic project to consider another site is just one more indignity. >> you can never change hearts and minds by shoving your culture or religion down the throats of others. i think they need to understand that. >> reporter: with both sides so entrenched, the outcome is uncertain. what is clear, though, is that this dispute is about far more than location or real estate. >> i'm just afraid that we -- that the

but, finance professor meir statman of santa clara university found that over time, they alter their money habits. >> when we move from one culture to another, from one country to another, we of course observe the new culture and we learn. and in time, we meld the two. so, chinese americans are more willing to take risks than people who have been in the u.s. for generations, but not as much as people in china. >> reporter: unlike your culture or your memory, one thing that doesn't fade over time is gender. professor brad barber of the university of california-davis studied the records of 35,000 investors and found a big difference between how men and women trade stocks. >> we came in thinking that men would trade more aggressively than women. what we did find was that men traded 50% more frequently than women. so, that's consistent with this notion that men are more overconfident than women. >> reporter: all three of the professors we talked with agree on one thing. our biases on money matters are both inherited and learned. they believe some may be built into our genetic code or our

finance right-wing think tanks. they have been successful to the university of chicago economics department and notable fraud such as milton freed man. the idea of neoliberalism is there should be massive, selective tax cuts. margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect the dots to understand what is going on today. i read the chronicle. so what i've done is put together a montage of the murder of public sector, which is going on everyday. in fact all of the public sector is in body shape. public libraries, parks from the municipal to the national level. our character is among the worst in the world. the new deal deals with things in a different way. when i was going to school, california school's were the best. now they are among the worst with the new budget cuts. of course, my university is being privatized. all of the higher education is being privatized. all through the uc system. how do you run a modern state with tax cuts? we resort to desperate, back last november, we were asked to vote to make four indian casinos in san diego county p

of the industry, including its biggest names like kaplan and the university of phoenix, is being funded by students using taxpayer-financednts and loans. the industry now educates 10% of all college students-- 1.8 million. but those students get 23% of federal loans and grants, and are the most likely to default on those loans. >> the whole business model of the for-profit school industry depends on taxpayer money. >> reporter: the for-profit college system does play a critical role in society. it serves older students, workers between jobs, and adults upgrading their skills. but now, to protect taxpayers against huge losses, the department of education wants some new rules, including one that would expel a for-profit school from the student loan program until more of its graduates start to pay. the industry is fighting that rule, calling it a penalty for serving low-income students who can't attend state university. >> we are always going to have higher default rates than those who go to much more highly selective traditional institutions. >> reporter: westwood college declined our interview request, but claims that most

finances. the university says its investment portfolio has grown more than 14% in the past fiscal year. it's worth almost $16 billion. that's an incredible reversal from just a year ago when it dropped more than 26%. now, on the downside the university's investments are still worth a lot less. >>> new census figures indicate the recession is taking a toll on marriage in america. they show the number of adults who decided to tie the knot last year dropped to the lowest level since the government began to keep track a century ago. 52% of adults were married last year. that's down 57% in the year bow. researchers found -- in the year two. >>> a new survey on religion shows some of the most religiously-informed people are atheists. they were asked 32 questions about the bible, christianity and world relidgen. those who scored the highest were at thoughests, agnostics as well as jews. >>> 8:49. well, starting tomorrow, if you drink pete's coffee you will pay a little more. the emeryville based company says the rising cost of coffee beans will mean a spike on most beverages. there are other c

state against the 8700 to stay home and attend virginia's george mason university, the decision was a clear one. >> for me, financeslay a major part in this. in terms of my parent's standpoint, they saw the extreme benefits of how much this year was going to cost compared to a year at another university. >> reporter: college advisers say being open to compromise is good practice but financial advisers warn that parents should be wary about compromising their retirement accounts to pay today's bills. >> i discourage it. that is the last place you want to look towards for college funding and obviously there are many years ahead to pay down debt, but to make back your capital, once it's expended on college, much more difficult and you lose that time. >> reporter: boring has been a costly vehicle to a college degree and said it's important to take that into consideration and be open to making adjustments. >> families are being more open today about what they can and can't afford. parents are having frank conversations with their children about college while in high school and before they applied to college and the stud

of the growth, including the biggest names like kaplan and the university of even iffic, is being funded by students using taxpayer financedthe industry now educates 10% of all college students, 1.8 million. but those students get 23% of federal loans and grants and are the most likely to default on those loans. >> we are always going to have higher default rates than those that go to much more highly selective traditional institutions. >> reporter: westwood college declined our interview request but claims most of its graduates have, quote, positions in their field of study. justin, meanwhile, works in a mail room. michelle, retail. westwood tells cbs news michelle got the information she needed on the cost and value of her degree, but westwood and other colleges caught on tape by the gao have promised to improve their recruiting. and give students more information on tuition and the odds of getting a job. wyatt andrews, cbs news, washington. >>> that is the "cbs morning news" for this monday. thanks for watching. we hope to catch you later on for "the early show." i'm terrell brown. happy labor day. take care. we'll see

finance. also our ability to dig out inventions from universities institute and turn inventions to innovations which means that they are in the economy and contribute so it's a whole range of different activities to think that in this forum perhaps some of your ideas will have a platform do you think that they'll be well received we're seeing here in russia that innovations are a strategic part of this forum's discussion our french role because i've already been talking to the leaders here in kremlin about it and i know about the policy they are thinking are those very much aligned with what we have been doing in thirty years in sweden as one of the leading countries when it comes clean of a complicated product. now in your opinion innovation wise what is perhaps the most important achievement that you reached so far. to get the people on board. because it's all about people from here the people the ability to create things. thank you so much for your insight and you see sophie build people are just as important as strategies technologies and of course the people are going to be talking for th

university tomorrow. >>> the brother of karzai says he is not aware of an investigation into his personal finances.e is accused of tax evasion and extortion. he is a u.s. citizen and recently sold a number of properties he once owned in baltimore. was reportedly working with another employee at the cheesecake factory to steal credit card numbers. she will be sentenced later this year. >>> and maryland couple is demanding $5,000 from an apartment management company after a bed bug infestation. persistent itch you will force them to move out of their apartment. lawyers say the couple had to throw away most of their possessions and rebecca brown claimed she had to go into therapy because of the emotional trauma. a lawsuit was filed against the hirsch field management company. >>> free money sounds like a scam. >>> moran is on the way. we will see how much -- more rain is on the way. we will see how much. >>> these are gloomy times for stephen strasbourg. we will go live to fairfax where those is training camp is in full swi >>> we have a similar for reader's digest subscribers. people are getting $2,6

finances. what's your story? citibank can help you write it. ♪ [ male announcer ] it's a universal gesture... ♪ a way of telling theyou did it!"... without saying a word. introducing the mercedes-benz sls...amg. [ engine revs ] ♪ the best or nothing... that is what drives us. >>> a good day tomorrow? >> i beg your pardon? the temperatures into the low 90's. after that, finally a break as we head into the weekend. >>> next. expanding clean energy manufacturing. but in america, gridlock has held us back. now, the senate can change that - by passing a renewable electricity standard. it will spur development of clean energy and boost manufacturing in america, creating hundreds of thousands of new jobs. so we can make our own energy future - not just buy it from china. call your senators and urge them to pass a renewable electricity standard today.

on tonight is that, as college and university campuses competed for students, they built dorms, sports complexes and dining halls that rival five-star hotels. to finance this, tuitions had to grow faster than the wages of graduates. i believe the tassel is worth the hassle, and that education is one investment that gives lifelong dividends. but for that education to pay off over the long run, it can't be bought at any old price. it's time to reassess whether we want our higher institutions investing in bleachers or books. i'm manisha thakor. >> tom: that's "nightly business report" for wednesday, september 1. 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 information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play

financing. redistribution of wealth. because it's unsustainable. she added our long-term goal is to have a universalption all over the world. global governance. not about saving the planet. it's taking away the structure for the elites to take control. america figured this out. in time, barely, but in time in about 1918. figured it out when woodrow wilson talked about the league of nations, which was global governance. now, does the story make sense through your eyes? that story with hillary clinton, no. does it make sense over here? yes! their clear ideology is a clear and present danger to america. look how the choice architect changed your life because you're homer simpson and you haven't noticed. these are just the things they've done in the last 18 months on food. now, this is all going to be up on foxnews.com, fox nation, blaze.com and glennbeck.com. i want you to see all of these things. start with food. left to your own devices you'll eat too much, be a big fatty and eat the wrong food. you'll become unhealthy. enter cass sunstein and the choice architect. boston officials, who is in charge

finances. what's your story? citibank can help you write it. ♪ [ male announcer ] it's a universal gesture... ♪ a way of telling thed. introducing the mercedes-benz sls...amg. [ engine revs ] ♪ the best or nothing... that is what drives us. >> jim >> jimmy: fresh from their tour the oddity faire, here with the song "pudding time," primus! ♪ ♪ ♪ ♪ you can have a lollypop a candy bar a jelly bean i'll buy you a rainbow ♪ ♪ to hang above your door it's pudding time it's pudding time it's pudding time ♪ ♪ ♪ laughter is a sweet you can't put a price on when laughter's all gone daddy won't buy you more ♪ ♪ it's pudding time it's pudding it's pudding time children ♪ ♪ ♪ money money money money money money ♪ ♪ money money money money money money money money money to buy you things ♪ ♪ daddy's gonna buy you a diamond ring ♪ ♪ humpty dumpty sat on a wall humpty dumpty ♪ ♪ had a great fall all the kings horses and all the kings men couldn't put humpty ♪ ♪ together again ♪ ♪ san francisco bay the striped bass are dying but you're gonna get ♪ ♪ that brand new bike oh joy it's pudding time it's pudding time children ♪ ♪ it's pud

the board of directors of the american conservative union and the campaign finance institute, also george washington university many of you who may know their work. from 88-2002000 these are the president of canada, nick not an potical forecasting forecasting company in arlington. he's also now continue to work in capital city partners, the public relations are here in washington. he's a graduate of columbia and a backing of the vietnam war. jeff, we're looking forward to your comments. >> thanks very much for having , john, and i would just like to start by asking a very simple question. what will historians 50 years from now, looking back on this time, see as the most important development in american politics of say, the past four years, the period roughly from 1970 to the present, 2010. now i know that the political science are not necessarily historians, but a lot of the political scientist at this national convention in washington will be writing the first draft of what that history is going to windp being. and i'd like to tell you something that i don't think everybody else here, will tell you. and that

same financial language, a university of michigan study finds the leading cause of arguments in the first ten years of marriage is money and couples who fight about financeso you keep this issue from derailing your relationship? michelle callaghan is here with some great advice. good morning to you, michelle. obviously money can be the cause of many problems, a lot more than just dollars and cents, it's a much more emotional issue for couples. >> people have a lot of feelings rooted in their emotions about money and it really does connect to their feelings about love, control and interest in their partner. it has a huge impact on whether your marriage will be successful or not. >> let's get to your tips right away. get on the same page when it comes to money. how do you do that when you can come from two opposite ends of the spectrum. >> you've got to pull everything out and talk about it. we want to look at all those bills, we want to look at all those bank statements, talk about your financial goals and talk about what your debt is and how you plan to get out of it. that's about getting everything out on the table and making a plan together. >> a lot of

university of illinois. joining me now to talk about this is deputy personal finance editor jennifer merritt. oversaw the research for the "wall street journal." the bottom line here is for that first job, businesses seem to be preferring not the ivy leagues, but others. these are no slouch schools. this is not like, oh, gosh, let's take second best. those are great schools. why, though, this over the ivy leagues? >> for these entry level jobs people are hoping to grow candidates into the company with. and so one of the reasons is they come very academically prepared. they've all had a major. so they've really got the great, deep skills in a subject. and then because they've got to really fend for themselves at these big schools and take advantage of various resources and network and the wide networks. they're also sort of able to come in, hit the ground running, and that well roundedness. >> ivy league graduates are seen as less -- >> they're less technically prepared in a lot of ways. most ivy league schools don't have majors in a traditional sense, don't have a lot of that bread and butter

that, he went back to the midwest, attended the university of idaho, and injured during navy rotc program. he graduated in 1970 with a degree in financembarked on a military career with aspirations to be a pilot. he was designated a naval aviator and learn to find the phantom to before the transition to the hornet. the rest, as they say, is history. over the course of his 38-year career, he is commanded marine aviation units from the squadron to win level. he commanded all marine aviation in iraq as the commanding general of the aircraft wing during operation iraqi freedom one and two. he is served as nato's deputy commander of the navy striking forces in italy and as the chief of staff of u.s. joint task force during the 1999 air campaign over yugoslavia. his in the commanding general of the marine corps combat development command and as a deputy commandants for combat integration. he has also been the assistant deputy commandant for plans, policies, and operations, and the assistant deputy commandants for aviation. general amos fully in the stands that the price of the war is paid by the young men and women that make the ultimate sa

that, he went back to the midwest, attended the university of idaho, and injured during navy rotc program. he graduated in 1970 with a degree in financeand embarked on a military career with aspirations to be a pilot. he was designated a naval aviator and learn to find the phantom to before the transition to the hornet. the rest, as they say, is history. over the course of his 38-year career, he is commanded marine aviation units from the squadron to win level. he commanded all marine aviation in iraq as the commanding general of the aircraft wing during operation iraqi freedom one and two. he is served as nato's deputy commander of the navy striking forces in italy and as the chief of staff of u.s. joint task force during the 1999 air campaign over yugoslavia. his in the commanding general of the marine corps combat development command and as a deputy commandants for combat integration. he has also been the assistant deputy commandant for plans, policies, and operations, and the assistant deputy commandants for aviation. general amos fully in the stands that the price of the war is paid by the young men and women that make the ultima

that, he went back to the midwest, attended the university of idaho, and injured during navy rotc program. he graduated in 1970 with a degree in finance and embarked on a military career with aspirations to be a pilot. he was designated a naval aviator and learn to find the phantom to before the transition to the hornet. the rest, as they say, is history. over the course of his 38-year career, he is commanded marine aviation units from the squadron to win level. he commanded all marine aviation in iraq as the commanding general of the aircraft wing during operation iraqi freedom one and two. he is served as nato's deputy commander of the navy striking forces in italy and as the chief of staff of u.s. joint task force during the 1999 air campaign over yugoslavia. his in the commanding general of the marine corps combat development command and as a deputy commandants for combat integration. he has also been the assistant deputy commandant for plans, policies, and operations, and the assistant deputy commandants for aviation. general amos fully in the stands that the price of the war is paid by the young men and women that make the ultim

finance author and john from credit.com. our question for you comes from cindy in new jersey. she wrote in, my divorced husband and i have an 18-year-old attending a private universitythe deferred loans and grants we're left with $12,000 a year tuition bill paid monthly on an interest-free installment plan. can we both take advantage of the tax benefits? >> yeah. so, one of the cardinal rules when it comes to uncle sam, no double dips. one of the other of you will end up with the benefit. the rules are incredibly complex. a website, financialaid.org helping you pare through the nuances. typically the parent claiming the child as the dependent that gets all the other tax goodies along with that. >> john a question for you coming from pam in alabama who wrote in, the real estate market is down. no kidding. my mom needs to sell her house. do you recommend a reverse mortgage? >> oh, absolutely not. where are the alarms we need going off? reverse mortgage is not the same as selling your home. it's a fancy, dancy equity line taken out against the home. you've got to pay it back eventually meaning you actually owe on the home. if you're trying to sell it especially in a do