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Japan looks to become a big investor

Jeff Tyler | Dec 6, 2007
Japan is considering starting a $100 billion, state-owned investment fund to be used to buy everything from companies to commodities around the globe. Jeff Tyler reports.

Putting a freeze to mortgage meltdown

Bob Moon | Dec 6, 2007
The White House unveiled its official response to the subprime crisis today -- a rate freeze for some of the 2 million adjustable rate mortgages that are going to move higher over the next two years. Bob Moon has the details.
Posted In: Economy, Housing, Wall Street

S. America set to launch 'Banco del Sur'

Dan Grech | Dec 6, 2007
South America is going to launch its own development bank this weekend. The hope for Banco del Sur -- the Bank of the South -- is that it will spur economic growth in poorer countries like Bolivia and Ecuador. Dan Grech reports.
Posted In: Investing

High-tech innovation in short supply

Dan Grech | Dec 6, 2007
To make up for a shortage of mathmaticians and computer scientists in the U.S., many companies turn to outsourcing. But Dan Grech reports the congressional limit on work visas might also be pushing out innovation.
Posted In: Immigration, Jobs

When the emperor is far away . . .

Bob Moon | Dec 6, 2007
As China works to fix its problems with product safety, it faces a big challenge enforcing new rules on workers in far-flung provinces. Bob Moon explains why dealing with provincial areas may be tricky.

Server farms harvest rural power

| Dec 6, 2007
In a rural area of Washington state that doesn't draw heavily on the power of the electric grid, Internet companies are taking advantage of an opportunity to set up their servers. Jason Paur has more.

European Central Bank reversing trend

| Dec 6, 2007
The Bank of England and the European Central Bank are meeting today to go over interest rates. But while British rates are headed lower, the Eurozone has a different outlook. Megan Williams reports.
Posted In: Economy

Putting the lid on cap-and-trade

Sarah Gardner | Dec 6, 2007
As landmark climate legislation moves through the Senate, business lobbyists are pushing an ad campaign against it. Sarah Gardner reports what the group is using to try to persuade U.S. senators and workers.
Posted In: Economy

Electric car? You already have one

| Dec 6, 2007
Instead of waiting until you buy a hybrid to reduce your eco-footprint, why not make your vehicle electric now? James Nestor has more on a company that has been converting gas cars to electric for decades.
Posted In: Auto

A lot to fork over for a ham

Ashley Milne-Tyte | Dec 6, 2007
Iberian ham makes its U.S. debut today, and those interested in the Spanish delicacy will have to dish out a lot of cash for a bite. Ashley Milne-Tyte looks into what might make foodies squeal for a taste.

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