speaker wendy schmidt offered $n to improve upon that..4 million due.do multi-billion dollars industry, it has been pretty stagnant. seven of the 10 teams that competed in doubled the industry standard, and thdue winning team quadrupled what had been the industry standard, so they're going into production and hopefully will reinvent who clean up oil spills in the future. a million dollars can reinvent and industry. john: this makes for a wonderful world with abundance. thank you. next, my take on our wonderfulow world. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent,can you te what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. john: we in the media do a lot of complaining. iran is working on bombs, global warming might kill us. but death is rising and there is much too much regulation. these kill jobs and freedom read