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Subprime fears fuel run on Florida fund

Dec 4, 2007
A Florida fund that for 25 years gave school districts and local governments a safe place to park their investments has lost $10 billion in two weeks. Groups with money at risk led a run on the fund when they got nervous about its investments in subprime loans. Dan Grech reports.
Posted In: Economy, Housing

Web could be new advertising king

Dec 4, 2007
Analysts project that Web advertising will see big growth worldwide next year, thanks to emerging markets and large-scale events like the Olympics. Steve Tripoli reports what advertisers are willing to spend.

Attention shoppers: It's the holidays

Dec 4, 2007
A new survey out shows shoppers aren't shopping much so far this holiday season, and the ones who are have mainly been looking for bargains. And high gas prices aren't the only thing to blame. Ashley Milne-Tyte reports.
Posted In: Retail

Low jobless rate won't cheer up Europe

Dec 4, 2007
The unemployment rate in Europe is at a record low, but consumers aren't exactly giddy about the economy. Scott Jagow talks to European correspondent Megan Williams about the factors involved in consumers' current mood.
Posted In: Jobs

Moody's may soon downgrade SIV notes

Dec 3, 2007
Moody's Investors Service is warning it might soon downgrade $105 billion in debt related to structured investment vehicles. It's the biggest rating cut since the subprime crisis hit last summer, and not at all what the credit industry's looking for. Jill Barshay reports.
Posted In: Economy, Housing, Wall Street

Paulson to offer fix for mortgage mess

Dec 3, 2007
Treasury Secretary Henry Paulson says he hopes by the end of the week to have a plan for fixing some of the subprime mortgage meltdown -- but it's not going to be easy. Kai Ryssdal has more.
Posted In: Economy, Housing, Wall Street

Might want to rethink early filing

Dec 3, 2007
While Congress tries to adapt to changes to the alternative minimum tax, the IRS warns there will be a delay of tax refunds across the board. John Dimsdale reports why the AMT is holding up lawmakers.
Posted In: Taxes

Is the superfund still necessary?

Dec 3, 2007
Despite having a pool of money known as a "superfund" to back it up, Citigroup managed to raise a much-needed $7.5 billion on its own. Fortune Magazine's Allan Sloan explores whether the bank needs a superfund at all.

The struggling dollar

Nov 30, 2007
It's no secret the dollar has been falling compared to other currencies this year, but will it impact you? Tess asks economics professor Catherine Mann.
Posted In: Economy

Straight Story: Subprime rate freeze

Nov 30, 2007
Is it time for the government to step in to stop the housing crisis? Chris Farrell sets the story straight on an expected subprime interest rate freeze.

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