Latest Stories

Latest Stories


Freddie Mac to help with jumbo loans

Jill Barshay | Apr 18, 2008
Jumbo home loans -- anything larger than $417,000 -- have become more expensive than regular mortgages. They're 7% instead of 5.9%. Now Freddie Mac has a deal with four lenders to lower the rate. Jill Barshay reports.
Posted In: Economy, Housing

Violence in Mexico deterring tourists

Jill Barshay and Jeff Tyler | Apr 18, 2008
The number of Americans kidnapped while in Mexico doubled in 2007 from the previous year. The rise in crime has not only reduced tourism, it is affecting the future of real estate projects, such as Donald Trump's Tijuana towers. Jill Barshay reports.
Posted In: Housing

States want leeway with CO2 curbs

Sam Eaton | Apr 18, 2008
The EPA has denied 17 state plans to curb CO2 emissions, saying separate plans would create confusion. Governors are meeting at Yale today to press the federal government to act on climate change.

Seeking equality by keeping score

| Apr 17, 2008
A decade after Apartheid, whites still control 90% of businesses in South Africa. To turn that around, the government has launched a program to force whites to share the wealth -- requiring a new type of racial auditing in the workplace. Terry FitzPatrick reports.

NBA is back in the zone for playoffs

Tess Vigeland | Apr 17, 2008
The National Basketball Association has managed to put a nasty off-season behind it and generate new excitement for its game. With the playoffs about to begin, Tess Vigeland talks with Henry Abbott, who writes the True Hoop blog for

Social networks still looking for profits

Stacey Vanek Smith | Apr 17, 2008
Social networking sites like MySpace and Facebook are all the rage, but nobody has any idea how to make money off of them. Are they the Google of the future, or just the newest examples of that old Internet bubble? Stacey Vanek-Smith reports.

McCain's gas-tax plan is on empty

| Apr 17, 2008
Presumptive Republican presidential nominee Sen. John McCain wants to suspend the federal gas tax for the summer travel season. Truckers say they like the idea. But commentator and tax expert Len Burman says McCain's proposal won't get us where he wants to go.

Fertilizer costs add to food price hikes

Dan Grech | Apr 17, 2008
There are lots of factors behind the soaring prices of food around the world. A big one is the rapidly growing cost of fertilizer. Dan Grech reports.

Student loans are getting whacked

John Dimsdale | Apr 17, 2008
Bank of America and a unit of Citigroup have joined a growing list of lenders cutting back on student loan programs. At the same time, the House passed an emergency bill that would enable lenders to have more cash to keep making loans. John Dimsdale reports.
Posted In: Education

Did banks manipulate key index?

Stephen Beard | Apr 17, 2008
Concern is growing that banks may have been hiding their distress by manipulating a key financial benchmark called the LIBOR. It's used as the basis for millions of financial transactions around the world, including mortgages and corporate loans. Stephen Beard reports.
Posted In: Economy, Housing, Wall Street