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U. S. Society was besieged by the twin assaults of inflation and unemployment in the 1970s. Why couldnt the government achieve significant success against the ravages of stagflation . In the late 1990s, the economy was booming. Unemployment was at a 30year low, and inflation was also at a 30year low. Did that mean inflation was dead . During the 1970s, the American Dream threatened to become the american nightmare. For the first time, we were faced with skyrocketing prices and exploding unemployment. Stagflation why couldnt we beat it . With economic analyst richard gill, well explore that que...

Now morning fog, back in the forecast as we head into early next week and with that said we are going to cool things down. So more details on that coming up in a moment. Quickly looking at the bridges around the bay area, we are not looking at any hot spots. Lets start off with a live look at the bay bridge toll plaza, the westbound trip looking good, the meter lights are off. San mateo bridge, drive times 12 to 15 minutes. Golden gate bridge looking good despite fog. Pockets of fog for trips into San Francisco. But if youre headed to the richland bridge, things are clear, especially on the ea...

Captioning sponsored by cbs captioning sponsored by cbs this is the cbs evening news with scott pelley. Tion is pelley good evening. The Obama Administration is putting a ground stop on a deal that would form the Largest Airline in the world. The Justice Department filed an antitrust suit today to try to block the merger of American Airlines and u. S. Airways. Saying that it would hurt consumers. As evidence, the government cites internal memos in which executives of the two airlines say that previous mergers have allowed the industry to raise fees and fares. Publicly, those airlines claim tha...

Emergency landing. Once the plane landed, paramedics mt. The aircraft and checked the vitals of the copil copilot. He was able to walk off the plane himself and he was then transported to the hospital. As you point out, this is coming just one day after an American Airlines flight captain died midair in the cockpit and once that plane landed, he was pronounced dead right there in the cockpit. So thats why so much attention is being focused on this incident today. We know that the faa, often times they will require a medical examination. If youre under 40 years old, you have to do it once a yea...

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