California is known as the land of fruits and nuts, but it also happens to be the country's largest milk-producing state. So it's no surprise that its dairy farmers are front and center in the debate over reforming the milk marketing system, which hasn't really changed much in 30 years.
One power plant in particular is on the minds of many here in Southern California. It's the San Onofre nuclear plant, roughly 60 miles south of Los Angeles. The plant was shut down back in January because of a leak that released a small amount of radioactive steam. It's been off-line ever since. And this week, nuclear regulators called what led to the leak, a significant, serious safety issue.
Well, if like me, you're more than a little mystified by Operation Twist, the Federal Reserve policy that's being extended, join me now for a four-minute tutorial. We've got a very classy tutor, economics professor Alan Blinder of Princeton, who is a former Fed vice chairman. Welcome back to the program.
Aung San Suu Kyi finally received her honorary degree from Oxford University after it was initially awarded in 1993. In her speech, Suu Kyi praised Oxford for helping her see humankind at its best during her long years under house arrest in Myanmar.