The U.S. mortgage debt bailout will extend to toxic assets in foreign banks. But how will it be paid for, and how will it affect the global economy? Scott Jagow talks with Steven Beard in London.
As Indian-Americans are gaining political power in the United States, their monetary contributions and organizational strength are growing in influence as well. Aswini Anburajan reports.
Some Americans are giving their employers an interest-free loan, whether they know it or not. It's all thanks to the "float" -- the time it takes for 401k contributions to move out of your paycheck and into your retirement account. Rico Gagliano reports.
Yesterday's series of moves by Congress members to come up with a bailout plan turned into something of a rollercoaster ride. First there was a deal, then there wasn't, then... Steve Henn sorts it out for us.
Washington Mutual succumbed to the mortgage crisis and was taken over by the FDIC, then quickly sold to JP Morgan. It was the largest bank takeover in U.S. history. Stacey Vanek-Smith asks Tess Vigeland for what this means.
Retailer Gap Inc. plans to consolidate its various specialty stores into its main stores to save on real estate costs and unite its brand. Janet Babin reports.
With unemployment up, community colleges' enrollments are rising too. Many schools are short on funds and are having trouble handling the spike, especially in California where politicians are late in approving the state budget. Julie Small reports.
Over the past couple of weeks, the interest rate banks charge each other for short-term loans has shot up dramatically. Now, rates for money-market funds -- what companies use to borrow for day-to-day operations -- are soaring as well. Jeremy Hobson reports.
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Will foreign banks join the U.S. bailout?
Indian-Americans gaining political clout
Is your employer doing the '401k float'?
Now there are bailout plans aplenty
WaMu seized and sold to JP Morgan
Narrowing The Gap
Class is in session, but funds are tardy
Executive pay, again
Day-to-day cash flow is freezing up
Refinance mortgage?
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