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Through it all, one constant the people. Despite every challenge, there have been people to stand up for one another. There has always been someone willing to work so East Knoxville could see better days. Starting with the construction of Magnolia Avenue, through the turbulent years of Urban Renewal and looking forward to its future, we are looking at the history of East Knoxville and how it became what it is now. Magnolia Avenue: The road to the future At the advent of a new century, in the late 1880s, travelers in East Tennessee would traverse boundless trees and mountains for a promise of refuge in Knoxville. ....
time for reporter roulette, we begin with jason carroll in university park, pennsylvania, with the joe paterno story. reporter: and don, an opportunity to speak to some of the players from the football team earlier this afternoon they told me they feel joe paterno made the right decision for the team, himself personally, also feel, don, he made the right decision for the university, have but having said that they are very sanded by the fact this man they looked up to for so many years to to retire in this type of way. why don t you listen to what they had to say about that. i think that in his heat, he thinks he made the right decision and he has been doing his thing for so many years and we are not going to question any decision he makes. we have been behind him the whole time and he is doing what he believes is best for the program, for us, his staff and penn state. so, we are just really happy that he is just doing what he believes is right in his heart and we ar ....
and stock markets react as well. european stocks closing down on grave concerns on what s happening on the euro zone and whether italy will be able to pay its bills. and stresses that we re seeing in the italian bond market. when you talk about stocks, stocks are much smaller than the overall bond market. the bond market is where governments, companies go to borrow money to keep going. the cost to borrow for governments, governments in trouble, has been rising. you have that above 7% now. 7.3% for italy to borrow money. that s even with the european central bank buying italian bonds and with europe doing things to stabilize things. 7% is seen as a dangerous signal, fredricka. when you ve seen rates climb that high before, it s triggered a bailout. how can you bail out italy? it s the third largest bond market and economy in europe. look at greece, for example, 27% the interest rates on greece bonds. greece can barely can t borrow money, quite frankly, anymore, because ....