Why nations fail and robber barons succeed with Dr. James Robinson!

James Robinson, author of Why Nations Fail, tells us why economic prosperity as primarily a function of political institutions is crucial for a nation’s health and survival. We also ask about America’s future as a super power. Plus according to the Federal Reserve’s Beige Book, manufacturing is slowing and businesses are worried about the Fiscal Cliff. But what exactly is the Beige Book? We tell you why it matters in Word of the Day. And Botox is expected to become a $2.9-billion industry by 2018, according to its market research. Now some poker players are investing in "poker-tox,” a way for players to keep their poker faces without giving away their hand. Lauren and Demetri show off their “poker-tox” face in Loose Change.

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