American Morning

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June 16th, 2011
09:26 AM ET

Legendary investor: America is overdue for another recession

The Dow closed at a new three-month low Wednesday, dropping 1.5%, as civil unrest continued in Greece in response to the government's austerity program. Concern over Greece's debt problems as well as gloomy manufacturing news sparked a sell-off.

Legendary investor Jim Rogers says he sees "continued turmoil for the next few years," and that America is overdue for another recession.

Rogers, founder of Rogers Holdings and the author of A Gift to My Children: A Father's Lessons for Life and Investing, tells American Morning how he is reading this week's poor economic news.

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Filed under: Economy • U.S. • World
June 16th, 2011
07:10 AM ET

Do you live in one of the most expensive housing markets?

Do you live in one of the most expensive housing markets? If you live in Honolulu, Hawaii then you live in the most expensive housing market.

A report by CNNMoney.com lists the top ten most expensive housing markets in the United States and Honolulu ranks number one. The median home price on the island paradise is $579,300. Coming in at number five is New York where the median home price is $439,300, and at number ten is Barnstable, Massachusetts where the median home price is $299,000.

Ali Velshi takes a look at the cities with the highest real estate prices on American Morning. You can also visit CNNMoney.com for more information.

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Filed under: Consumers • Real Estate • U.S.
June 15th, 2011
01:32 PM ET

Montel Williams talks MS, medical marijuana and experimental surgery

For more than a decade, Emmy Award-winning television personality Montel Williams has publicly battled Multiple Sclerosis. Williams was diagnosed with MS, a potentially debilitating autoimmune disease that affects the brain and spinal cord, in 1999 and has since campaigned to increase awareness of the disease.

Williams has openly touted the use of medical marijuana and recently announced his involvement in a medical marijuana consulting company. He is a proponent of fully legalizing the use of marjijuana. At the end of the month, Williams will undergo experimental surgery to correct chronic cerebrospinal venus insufficiency (CCVI), a condition associated with MS.

Williams joins American Morning to discus MS, the use of medical marijuana and his upcoming experimental surgery.

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Filed under: Entertainment • Health • U.S.
June 15th, 2011
09:13 AM ET

Perry's Principles: American fourth graders don't know much about history

Only 9% of American fourth graders were able to identify Abraham Lincoln and list two reasons for his importance as part of the 2010 National Assessment of Educational Progress U.S. History Test. The History exam showed the lowest scores of all subject tested by the NAEP and included questions on other topics such as the Civil War, the civil rights movement and the world wars.

The results of The National Assessment of Educational Progress Test, which was given to thirty-thousand students nationwide, are raising questions about the effectiveness of the No Child Left Behind law.

Education Secretary Arnie Duncan said, "These results tell us that, as a country, we are failing to provide children with a high-quality, well-rounded education."

Education Contributor Steve Perry discusses the implications of the test results with American Morning.

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Filed under: American Morning • Education • Perry's Principles • U.S.
June 15th, 2011
08:25 AM ET

Wills and Kate to visit L.A., dole out $10,800 per night for luxurious suite

Buckingham Palace has released the U.S. travel itinerary for the newlywed Royal couple. Prince William and wife Kate will be traveling across the pond to Canada and then Los Angeles this summer, visiting L.A. July 8-10.

Wills and Kate will stay in the Presidential Suite at the Pink Palace Hotel, which will run them $10,800 per night. But, despite the luxurious digs, Kate will be traveling with a modest entourage: a hair-stylist and a personal assistant. The visit will be Kate's first to the U.S.

While in L.A., the two will attend a party hosted by the British Academy of Film and Televsion Arts and Wills will play in a charity polo match in Santa Barbara.

Are you looking forward to the Royals' visit?

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Filed under: Royals • U.S.
June 15th, 2011
08:17 AM ET

Are the U.S.'s actions in Libya in violation of the War Powers Resolution?

The War Powers Resolution is a product of the Vietnam War when Congress believed the President was exerting too much military power. The Resolution requires that Congress approve military action ordered by the President after 60 days of a given military operation.

In the case of the United States' current involvement in Libya, the Congress argues President Obama is in violation of the War Powers Resolution, as the nation has been militarily involved in the North African nation for more than 60 days without the approval of Congress. However, President Obama has argued the U.S. is only in a support role in Libya, without any combat boots on the ground.

So, who is in the right? Professor Matthew Waxman, Associate Professor at Columbia Law School and a Fellow with the Council on Foreign Relations, discusses the War Powers Resolution with American Morning.

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Filed under: Libya • Military • U.S. • U.S. Troops
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