Features By Jill Barshay
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Dollar losing grip in parts of Middle East
Some Middle Eastern countries are reconsidering their ties to the U.S. dollar after it hit record lows against the euro. But Jill Barshay reports why bigger Gulf states will likely stick to the currency.
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High oil prices could indicate recession
With oil prices reaching the $108 a barrel mark and factors like auto sales and consumer confidence down, recession could be on the way. Jill Barshay reports why oil speculators are happy, but analysts are worried.
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London losing financial bragging rights?
The City of London Corporation is worried it may be losing the upper hand to the former Colonies when it comes to international finance. But some say the fuss over top-dog status is all hype, an effort to relax government regulations. Jill Barshay reports.
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Bond failures may bankrupt cities
New problems in the municipal bond market are resulting in cities and municipalities paying record-high interest rates. And with cities making less from property taxes, some have no choice but to declare bankruptcy. Jill Barshay reports.
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Creating space is an art form
New York City is famous for its real estate issues, and the local museums are not exempt from space problems. Jill Barshay reports on a company that helps the art world find new space for valuable and sometimes fragile work.
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Inflation, home prices go opposite ways
There was a big jump in wholesale prices in January showing inflation is rising faster than it has since 1981. Yet home prices are on a steep decline. Jill Barshay reports on what the conflicting figures say about the economy.
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Visa's IPO not feeling the crunch
Despite the credit crunch, credit card giant Visa filed the largest initial public offering in history. Jill Barshay reports why the company isn't affected by whether or not you pay your bill.
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A Sunday school lesson in mortgages
The Catholic churches of New York are playing their part helping the mortgage crisis by adding workshops to their weekly masses. Jill Barshay reports the financial sermons are delivered by experts, not the priests.
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Resetting loan rates hit public projects
Homeowners aren't the only ones who will end up paying more for resetting loan rates. Cities, schools, even museums will also see a critical spike. Jill Barshay reports on the struggle with auction rate bonds.
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GMAC puts squeeze on offices
GMAC will be closing most of its North American auto-financing offices and even cutting jobs to save money. Jill Barshay reports this doesn't mean you can't get a General Motors car loan, but it may take longer to get approved.
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