7,500 residents to evacuate their homes. more than a decade after the great recession officially ended, we are still feeling the huge impact it had on the nation s real estate market. remember, the recession began when the housing bubble burst in 2007. took some time before the recession set in but rising home prices had helped fuel this bubble. a large number of people who bought homes in the early and mid-2000s were unable to afford them under normal lending rules. so banks offered something called sub-prime mortgages for people whose credit was sub-prime. not as good as prime. that often required no down payment but had interest rates that started low and then rose over time. well, that was all fine until home prices started falling. people who had sub prime mortgages saw interest rates go up and when they realized that their mortgage was larger than what their home was worth, many people walked away leaving lenders with huge numbers of
moon, but that was 40 years ago. the u.s. is essentially sitting on the bench in the current space race. will that hurt it back here on earth? and is america coming apart? that s what the author of a controversial new book says. i ll ask him about it. but first, here s my take. something caught my eye the other day. pat robertson, the high priest of the religious right, had some startling things to say about drugs. i really believe we should treat marijuana the way we treat beverage alcohol, mr. robertson said recently. i have never used marijuana, and i don t intend to, he said, but it s just one of those things that, well, i think this war on drugs just hasn t succeeded. the reason robertson is for legalizing marijuana is that it has created a prison problem in america that is well beyond what most americans imagine. he s right. here are the numbers. the total number of americans under correctional supervision, prison, parole, et cetera, is 7.1 million, more than
world? i ll tell you. then the politics of outer space. america won the race to the moon, but that was 40 years ago. the u.s. is essentially sitting on the bench in the current space race. will that hurt it back here on earth? and is america coming apart? that s what the author of a controversial new book says. i ll ask him about it. first, here s my take. something caught my eye the other day. pat robertson, the high priest of the religious right, had some startling things to say about drugs. i really believe we should treat marijuana the way we treat beverage alcohol, mr. robertson said recently. i have never used manner, and i don t intend to, he said, but it s just one of those things that, well, i think this war on drugs just hasn t succeeded. the reason robertson is for legalizing marijuana is that it has created a prison problem in america that is well beyond what most americans imagine. he is right. here are the numbers. the total number of americans under correctiona
manufacturing up 10,000 after earring of losing jobs in manufacturing in the last year, we ve seen some gains in that area. so that s good news brks u not as good as some would have liked. like i said, the unemployment rate has dropped to 9.4% from 9.8%. but there are a bunch of people who aren t part of the labor force and that s why the number can be a little misleading. this is the first yearly growth since 1997 i m sorry 2007. let me show you what some of these this is how these years have looked. in 2005 these were the total jobs we gained. more than 2.5 million. 2007, we re at a little over a million. 2008, look at those jobs that were hoft as the recession set in. 2009 was even worse. 2010 we ended up gaining jobs. there are some estimates next year we ll gain 2.5 million