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3:41pm

Wed August 10, 2011
Food

Is U.S. Farm Policy Feeding The Obesity Epidemic?

Joe Raben harvests corn on land he farms with his father and uncle Oct. 4, 2008, near Carmi, Ill. Some farmers say technological improvements and farming mechanization, not subsidies, are responsible for increased output.
Scott Olson Getty Images

These days, U.S. farm policy is blamed for a lot of things — even the nation's obesity epidemic. The idea is that the roughly $20 billion in subsidies that the federal government gives to farmers encourages them to grow too much grain. As a result, the theory goes, prices drop, food gets cheaper and we end up eating too much.

It seems like a simple equation. But the truth is rarely simple. So what's really going on?

Americans Eat Cheap

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3:26pm

Wed August 10, 2011
National Security

Congressman Wants Probe Of Bin Laden Movie

A House committee chairman wants an investigation of Obama administration cooperation with award-winning filmmakers on a movie about the hunt for Osama bin Laden. The White House says it did not give anyone special access.

Republican Peter King, who heads the Homeland Security Committee, says there has been too much talk already about the raid by Navy SEALS that killed bin Laden in Pakistan in May.

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3:25pm

Wed August 10, 2011
Economy

Fed May Need To Find New Tricks Up Its Sleeve

The Federal Reserve has issued one of its gloomiest pronouncements about the economy in a long time: It says it sees little prospect that growth will rebound much anytime soon, and that it's ready to keep interest rates low for the next two years.

The recent downturn leaves Fed officials without any of its obvious ways of fixing the economy, and analysts say it may need to try steps it hasn't taken before.

Joe Gagnon spent part of his career as a Fed economist, and Tuesday he saw something he thought he'd never see at the central bank.

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3:22pm

Wed August 10, 2011
Media

Murdoch To Take Questions From Investors, Media

Rupert Murdoch is expected to take questions from analysts, investors and reporters during a conference call Wednesday. The call follows Tuesday's meeting of the News Corp. board — the first such meeting since the phone hacking scandal that has roiled the company.

3:19pm

Wed August 10, 2011
The Two-Way

PIMCO's Gross: The Days Of The Markets As Saviors Are Over

Bill Gross, founder and managing director of PIMCO, runs the world's largest mutual fund. What he had to say about the markets to Michele Norris on today's edition of All Things Considered was pretty gloomy.

Michele asked him what advice he would give to friends and family facing economic uncertainty and tumbling markets. He said first of all they should "lower their expectations."

He also said they should listen to the words of Will Rogers, a newspaper columnist, who said "I'm more concerned about the return of my money as opposed to the return on my money."

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