Erskine Bowles Sworn in as President of UNC System

It's the single greatest honor he can imagine ever being given. Those words Wednesday from former White House Chief of Staff and U.S. Senate candidate Erskine Bowles as he was sworn in as President of the 16 campus, University of North Carolina System. Bowles warned of growing economic competition from Asia and pledged to increase emphasis on educating teachers, strengthening ties between the university system and community colleges, as well as recruiting and retaining good faculty.