Rich Iowa Farmers Reap Profits as Poverty Grows

Oct. 19 (Bloomberg) -- At an auction in northwestern Iowa, 314 acres of cropland fetched $4.5 million this July. The price reflects a booming worldwide demand for grain that has showered wealth on some farmers and tripled land values in Iowa in the past decade. The surge is creating local millionaires. It's also fueling an income divide in rural areas that had long been the province of urban America. Bloomberg's Steve Biro reports. (Source: Bloomberg)

Credit Suisse Economist Sees Two More Fed Hikes This Year
39:33 - James Sweeney, Credit Suisse chief economist, discusses the U.K. triggering Article 50 and the outlook for Fed policy with Bloomberg's Stephen Engle at the Credit Suisse Asian Investment Conference in Hong Kong. (Source: Bloomberg)
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