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Playing mortgage hot potato

Jeff Tyler | Mar 29, 2007
Bankruptcy could be just around the corner for New Century Financial, but other lenders are making money buying and selling subprime loans it issued — a profitable fee-collecting game as long as they unload the loans before borrowers default.
Posted In: Housing

Losing our technological footing

Stephen Beard | Mar 29, 2007
The U.S. — which previously led the world in technological innovation — has slipped all the way to No. 7, according rankings put out by the World Economic Forum in Switzerland.
Posted In: Canada, Science

Selling American education in India

Miranda Kennedy | Mar 29, 2007
A U.S. envoy is in India this week, hoping to sell that country's substantial youth population on the merits of an American education — one they may soon be able to get without even leaving India.
Posted In: Canada

Cocaine's loophole: Venezuela

Dan Grech | Mar 29, 2007
The U.S. has poured $4 billion into stopping the Colombian drug trade, and it's worked — except that smugglers have found an easy path though neighboring Venezuela since it cut political ties with America and stopped cooperating.
Posted In: Canada

A subprime submarine?

Kai Ryssdal | Mar 28, 2007
Fed Chairman Ben Bernanke was on Capitol Hill today, where everybody wanted to know whether he thought the subprime market will torpedo the rest of the economy.
Posted In: Economy, Housing, Washington

Looking for marked-down employees

Amy Scott | Mar 28, 2007
The once high-flying Circuit City chain announced a major restructuring plan. It will replace more than 3,000 employees with people who'll work for less. Amy Scott reports.
Posted In: Retail

U.S.-South Korea trade deal stirs protests

John Dimsdale | Mar 28, 2007
Negotiators are scrambling to hammer out a huge free-trade deal with South Korea by week's end that would be the biggest trade agreement for the U.S. since NAFTA in 1993. But it has plenty of critics. John Dimsdale reports.
Posted In: Canada

BK change not yet a whopper

Alisa Roth | Mar 28, 2007
Burger King says it's going to start getting eggs from free-range hens and pork from free-range pigs. Trouble is, there isn't enough free-range stuff to go around. Alisa Roth reports.
Posted In: Retail

The other subprime

Steve Tripoli | Mar 28, 2007
Subprime mortgages are getting all the bad press. But other kinds of subprime borrowing — from credit cards to fast-cash — are just as common, leaving more Americans paying more for loans. Steve Tripoli reports.
Posted In: Investing

Don't rush to judge private-equity firms

| Mar 28, 2007
The recent boom in private equity transactions has been criticized by some analysts as unsustainable. But economist and commentator Glenn Hubbard wonders about that.
Posted In: Investing, Wall Street