. >> in the shadow of the wasatch mountains, just south of salt lake city, lies utah state prison, or usp. originally built in 1951 this enormous institution has grown to cover over 680 acres. >> i've been at the utah state prison for over 25 years. during that time, we've gone from 1,200 inmates to almost 4,000 here. >> warden clint friel is tasked with the responsibility of running seven different facilities that house every variety of inmates. from gang units, to female offenders to death row, usp holds it all. the facilities at usp have earned their monikers from the surrounding mountain ranges with names like wasatch, oqirrh, timpanogos and uinta. building uinta-5 houses the prison's receiving and orientation, or r&o. >> uinta-5 is probably a time when they are most afraid. it's when they first hear the slamming of the doors, see the officers. and it can be a very difficult time for the inmates. >> after 20 years in the corrections business, lieutenant dale whitney knows that the first few moments with an inmate can be the most dangerous. >> we don't know when these guys came in,

and in terms of snow, big totals, colorado, wasatch, and the sierra, big snow totals. it's been a long time coming. i'm eric fisher, cbs news. >> on the "cbs moneywatch" markets tumble on the fed announcement and new clues on the hacking attack. joya is with us. good morning. >> good morning, anne-marie. good morning, everyone. the fed said on wednesday that the nation's economy does continue to get stronger, and just as important it says interest rates will stay at zero. the fed policy meeting was the last for ben bernanke who is stepping down as chairman for the last eight years. >>> major stock indices fell on the fed decision and the markets. the dow lost 189 points on wednesday. the nasdaq was off by 46 points. asian markets dipped after manufacturing numbers flipped to a six-month low. the shanghai come pos sit down nearly 1%. it's closed for the holiday. president obama's plan is expected to be in effect by the end of the year. he signed the order on a visit to pittsburgh. the program known as m.y.r.a. is similar to the rockth ira for people who don't have plans

wasatch front more from washington. >> there is no sign of a break through in the latest round of thelatest palestinian peace talks. but the defense minister said the process is a weighs of time and he blames the secretary of state. according to israel's largest newspaper, they said during a private conference. >> secretary of statedown kerry turned up with messianicfe mess. >> so far we are the only sides that have given anything, the release of murdersers,ed and palestinians have given nothing. >> we find it to be eoffensive and inappropriate especially give all the united states has done to support israel's security lease and we'll continue to do that. >> he said he didn't mean to, quote, cause any offense. they believe they made the comments because they don't like the security plan relying on high-tech equipment not really used as borders. the incident is raising new questions about how united the israelis are as they move forward in talks with the palestinians. al jazeera. >> construction work to expand the panama canal will continue to increase costs. one of the companies invol

vanguard, wasatch, t. rowe price, they all got whacked. >> the one thing you want to look at in yesterday's news was who they elevated here. dan iveson who they elevated runs pimco income. that's one of these go anywhere bond funds that is designed to sort of profit no matter what's happening. it can go into all sorts of esoteric stuff. that fund has shot out the lights the last few years. it's a different kind of mutual fund than what bill does. and that's a fund that's been taking in tons of money. so in a way they are acknowledging that the head winds in the bond market, even just through what you saw in the personnel moves. if you look at pimco income, it's a different kind of creature and it's the type of thing that bond investors are increasingly gravitating towards. >> really great commentary from both of you. thank you very much. >>> check this out. as we noticed a moment ago, shares of ibm down nearly 4% today after disappointing earnings again. herb wrote about how investors are over ibm's manage