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When banks close, what do you do?

Apr 9, 2008
A bank customer tells Amy Scott that after his bank closed and his second bank had to be bailed out, he has trouble trusting banks in general. He's doing OK now, but only because he trusts the FDIC.
Posted In: Economy

A silver lining in the housing crisis

Apr 9, 2008
Homeowners who took on subprime loans and can't make the adjusted high payments are facing foreclosures. But commentator Will Wilkinson says there's a bright side for other homeowners and those looking to buy.
Posted In: Housing, Travel

IMF issues global warning

Apr 9, 2008
The International Monetary Fund reported today that the credit crisis in the U.S. is affecting mortgage and corporate debt markets around the world. Jeremy Hobson looks into what's going on.
Posted In: Economy

'Oracle' wants to make something clear

Apr 8, 2008
Former Fed Chairman Alan Greenspan has embarked on a public relations campaign as criticism of his interest rate cutting spree of earlier this decade has mounted. He says he has no regrets about any of his policies. Kai Ryssdal has more.
Posted In: Economy, Wall Street

Rising prices a supermarket challenge

Apr 8, 2008
Americans' grocery bills are heading up at the fastest rate in almost 20 years, which poses a problem for supermarkets with razor-thin profit margins. Stacey Vanek-Smith reports.
Posted In: Economy

For many Chinese, work is like family

Apr 8, 2008
American businesspersons living in China usually have some adapting to do when they first get there. One of the most curious things is the thin line between workers' personal and professional lives. Bill Marcus reports.
Posted In: Jobs

Summer drivers get no break on gas

Apr 8, 2008
The Energy Department's summer driving forecast, released today, says demand is expected to be lower this summer than last. But gas prices are expected to average above $3.60 a gallon. Nancy Marshall Genzer reports.
Posted In: Economy, Travel

Will shareholder meetings get ugly?

Apr 8, 2008
Shareholders' gambles in the mortgage market didn't turn out so hot this year. Today, Morgan Stanley kicks off a season of shareholder meetings. Jeremy Hobson reports on what to expect.
Posted In: Economy, Housing

Small brokerages hit by credit crisis

Apr 8, 2008
We continue with our series Housing Madness, a look at the fall-out from the sub-prime meltdown. Small privately-run mortgage brokerages are disappearing fast. From WCPN in Cleveland, Mhari Saito reports.
Posted In: Economy

Amazon contest promotes new business

Apr 7, 2008
A bartender and former high school teacher has won a fiction-writing contest sponsored by Amazon.com and Penguin Books. The competition is part of Amazon's promotion of its new self-publishing business. Lisa Napoli reports.
Posted In: Books

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