Nobel Prize winning economist and Columbia University professor Joseph Stiglitz responds to the bailout of Spanish banks. His new book is called the "The Price of Inequality: How Today's Divided Society Endangers Our Future."
We're all witnessing a historical moment in the Middle East, as Libya prepares for the end of Moammar Gadhafi’s rule. And while the revolution that has taken six months to occur is in many ways remarkable, Americans may also be in the midst of our own, quieter moment in history: a lost decade. The recession has made it so that young people in particular are having a very difficult time beginning their careers, starting families and buying homes — so they're delaying doing those things. The unemployment rate is hovering at 9.1 percent, and for people between the ages of 16 and 19, it was 25 percent in July. For those ages 20-24, it was 14.6 percent.