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Fed slashes rate early to calm markets

Bob Moon | Jan 22, 2008
Ben Bernanke and the Federal Reserve got up early this morning, had a look around and didn't like what they saw. The central bank cut its main interest rate three-quarters of a percent -- the biggest whack it's taken in 25 years. And another cut may be coming next week. Bob Moon reports.
Posted In: Economy, Wall Street

Market turmoil and 403(B) Contributions

Chris Farrell | Jan 22, 2008
Question: I am thinking of increasing my 403(b) contributions to lessen my tax obligations. However, I am concerned about increasing my...
Posted In: retirement savings

Monoline insurers at risk

Stephen Beard and Scott Jagow | Jan 22, 2008
What will be the fate of monoline insurers when they lose triple-A status from credit rating agencies? European correspondent Stephen Beard tells Doug Krizner widespread downgrades could be very serious for the economy.
Posted In: Economy

Early Fed cut could precede another

Scott Jagow | Jan 22, 2008
The U.S. Federal Reserve's announcement of a rate cut this morning came a week before the Fed was supposed to meet on the issue. John Authers of The Financial Times says this might set a bad precedent for another expected rate cut next week.

The Fed Rate Cut

Chris Farrell | Jan 22, 2008
The markets are always dominated by narratives, attempts to make sense of the world. Only a few weeks ago, going into the New Year, the dominant...

Paulson focuses on tax relief in address

Dan Grech | Jan 22, 2008
Before reacting to this morning's rate cut, Treasury Secretary Henry Paulson addressed President Bush's stimulus plan for the U.S. economy. Dan Grech reports Paulson's main concern is the Democratic Congress.
Posted In: Economy

Measurement change for emissions

Nancy Marshall-Genzer | Jan 22, 2008
Environmentalists are trying to fine tune the measurement of companies' carbon emissions, and they've started looking at the supply chains of big companies. But Nancy Marshall Genzer reports emissions can be hard to measure.

Opening the 'soup kitchen' for writers

| Jan 22, 2008
To support hungry writers and stay in business, one restaurant in Los Angeles has offered a "soup kitchen" on Wednesdays. Lenora Chu reports Campanile isn't making a profit, but at least it's making new customers.

New report could risk false optimism

Jeremy Hobson | Jan 22, 2008
The National Association for Business Economics will release its quarterly survey today on business conditions. Jeremy Hobson reports there may be some good news, but some analysts feel the report shouldn't be so upbeat.
Posted In: Economy

The impact of bond insurance

Scott Jagow | Jan 22, 2008
There's a lot of distress surrounding the U.S. economy, but is something specific driving a huge sell-off in Asia? Andrew Wood of The Financial Times talks to Scott Jagow about the bond insurance market.
Posted In: Economy