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Storm uncovers China's weak points

Feb 7, 2008
Last week's powerful snow storms in China derailed many travel plans for the Lunar New Year, including those of migrant workers. Kai Ryssdal talks to Scott Tong in Shanghai about how the storm exposed vulnerabilities in China's infrastructure.
Posted In: Economy

European Central Bank keeps rates steady

Feb 7, 2008
While the Fed cut interest rates in order to curb the economic slowdown, the European Central Bank has decided to hold its short-term rate steady at 4%. Steven Beard reports from London on how the rate will affect both U.S. and European economies.
Posted In: Economy, Travel, Wall Street

Retail sales down across the board

Feb 7, 2008
The latest retail figures made for a disappointing January for everyone from teen clothing vendors to Wal-Mart. Nancy Marshall Genzer looks at possible factors in the slump, including high gas prices and gift cards.
Posted In: Economy, Retail

Cities purchase vacancies to help

Feb 7, 2008
A vacant home isn't the most desirable thing on the market, so cities across the country are offering to buy empty houses to help battle foreclosure damage on the real estate market. Jeff Tyler has more.
Posted In: Housing

Flight delays beyond airline control

Feb 7, 2008
Last year was the second-worst for flight delays, but some claim the problem may not be with the airlines. Rachel Dornhelm reports a shortage of air traffic controllers may have added to the problem.
Posted In: Jobs, Travel

Platinum enriches South African tribe

Feb 6, 2008
A South African tribe that owns shares in mines operated by the world's largest platinum producers is planning to use its profits to develop its community. Gretchen Wilson reports.
Posted In: Jobs

Cell phone advertising to get specific

Feb 6, 2008
CBS Mobile has announced a way to advertise businesses on your cell phone that are near your location. Kai Ryssdal talks to Alice Cuneo of Ad Age magazine about it.
Posted In: Science

Top mining company tries to buy rival

Feb 6, 2008
BHP Billiton, the world's largest mining company, is looking to buy one of its competitors, Rio Tinto. So far, Rio Tinto has rejected BHP's offers. But if the deal goes through, it would be the second-biggest takeover ever. Bob Moon reports.
Posted In: Economy, Wall Street

Battling recession with Fannie & Freddy

Feb 6, 2008
With a possible recession looming, Washington is mulling changes to allow federally backed lenders to take on more debt. It could help some homeowners, but is the plan too risky? Jeremy Hobson reports.
Posted In: Housing

Luxury homebuilder hitting a wall

Feb 6, 2008
Toll Brothers is facing a big drop in orders, and they're in good shape compared to the rest of the home construction industry. Steve Tripoli reports.
Posted In: Economy, Housing

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