A group of senators is trying to stop the FCC from further loosening media ownership rules. Jeremy Hobson reports why some believe the restrictions are still relevant, despite a growing trend towards online news.
French President Nicholas Sarkozy wants to create a Mediterranean Union along the lines of its European counterpart. But critics of the proposed union think it won't fundamentally work with some of the countries involved. Megan Williams has more.
Urban areas in lower and middle-income countries are growing fast, and the conditions of the slums are enough to call for humanitarian efforts. Gretchen Wilson gives us the story from one such area in Johannesburg.
Russian oil investor Mikhail Khodorkovsky is at the half-way point of his prison sentence for fraud and tax evasion, according to the government. Geoff Brumfiel reports why Russian businesses prosper if they're close in line with Putin.
Congress is projecting losses of over $100 billion in housing wealth from the subprime mortgage crisis, and not all of that comes from foreclosures. Jeremy Hobson reports a good chunk of loss comes from falling property values.
Over half a million people have left their homes to flee the threat of wildfires in Southern California. But despite the largest evacuation in the state's history, donations haven't exactly been flooding in. Jill Barshay reports.
Microsoft paid $250 million for a small stake in Facebook, winning out over websites like Google. But while Facebook expects $150 million in revenue this year, Google projects the site's value at $15 billion. Renita Jablonski tells us why.