The cost of living is growing at a rate unseen since the early nineties, according to a recent report by the U.S. Department of Labor. And wages aren't keeping up. William Spriggs, professor of Economics at Howard University, explains why the gap between earning and spending power is increasing by so much, and so fast.

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An increasing number of residents from Puerto Rico -– particularly those with middle class and professional backgrounds— are looking for work in Florida following an economic slowdown in Puerto Rico. Miami Herald reporter Frances Robles, who has been writing about the issue, is joined by marketing professional Xavier Vilaro to discuss the trend. Vilaro recently left Puerto Rico and is currently looking for work in Florida.

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It was a year ago this week that the global credit crunch began. The mortgage business was struggling with steep losses, and the troubles were spreading throughout the credit markets. Since then, the economy has ground almost to a halt. How much has changed in a year and what's been learned?

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Europe's space agency reached two milestones earlier this year. A European-built lab was installed at the International Space Station, and Europe launched a robotic cargo vehicle that successfully docked with the station. The European Space Agency is thinking about converting the vehicle so it could take astronauts into orbit.

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