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the president visits a family farm in illinois today. a new government makes clear that inflation is here to stay. it suggests the worst might be behind us. the consumer price index rose 8.3% compared with last year. that s a big number. 8.3%. it s down from a 40-year high from last month. look at it month to month. inflation 0.3% in april. that s down from the 1.2% gain in march. a closely watched data point within the report was up not down. beware of anyone who tells you they are certain things are trending for the better. even if inflation is retreating from the highest tide, prices are still up at the fastest rate in nearly 40 years. we start with a look inside these numbers and with cnn s christine romans. reporter: issue number one for the american family. the cost of living. so many categories it has been going up for almost a year now. those headline numbers in normal times would be very, very scary. they appear to be moderating, leveling off, peaking as one ....
My, how times have changed. I see hustling, i see killing. Thats what i rap about. You can take me out the ghetto but you cant the ghetto up out of me, though. Its a tough time to grow up in. Nirvana and kurt cobain particularly reflect the angst. I learned how to write for myself, and its pretty ironic that most people related to it. Boom there it is, platinum record. Country music has taken over the airwaves and the record charts. The honeymoon is over. Now we are down to real commerce. Arent these girls just crazy . Yeah, they are. You may think of it as the channel that rattles your china and occasionally your teeth, and hypnotizes your children, but what you may want to know is that mtv is responsible for a complete revolution in the Music Business in this country. Unskinny bop just blows me away mtv makes the hits. Its as if there were just one National Radio station fo ....
and water is the reason why. you re looking at where prattsville, new york, used to be. prattsville, parts of it are gone. the town of 600, parts of it washed away. everyone got away safely but don t have much to return to. of course, compared to jop pin, missouri, she was stranded there by rising floodwaters and joins us shortly. still stranded there tonight. irene dumped as much as a foot of rain on to full rivers and reservoirs. look at that truck trying to get through. that water has to go through somewhere. this scene in new jersey where big military trucks are having a hard time getting around. rivers and streams overflowing. some above record flood levels or soon to be. largely because of the damage could hit $7 billion making it one of the ten most expensive disasters in american history, as many as 5 million are still without people. lines are down nearly everywhere. several have been electrocuted. some have drowned. the death toll rose to 27. first how we got ....