Beijing is adding more than 50 miles of subway track by the end of next year, but will it really combat traffic, carbon dioxide and other pollution? After 10 years, how has Medicare Part D impacted the pharmaceutical industry? And, the country's most powerful banker gets to stay on as both CEO and Chairman at JPMorgan Chase. We talk to a shareholder that cast a vote.
Apple CEO Tim Cook tries to answer the $1.7 trillion question: How does the U.S. get corporations to repatriate their overseas profits? Microsoft unveils their new Xbox, and all it has to do is catch up with the last eight years of digital devices. Before 9/11, many local TV broadcasters transmitted from the World Trade Center. Now, they are being wooed by the Freedom Tower, but there's competition from other skyscrapers.
Things have been electric on the Japanese stock market recently, but the country is in need of energy and is hunting for it in innovative ways. Gold, a precious metal that was once seen as a durable hedge against the recession, has had a lousy spring. And a solar powered plane continues its cross-country flight.
A probe by the European Commission into possible manipulation of oil prices has just gotten bigger. Finland's only refiner has also been asked to help with the investigation. And, with an aging population in the U.S., a look at the cost of an older person taking a fall.
Today, hundreds of protesters shut down traffic in the Chinese city of Kunming to dramatize their opposition to a proposed petrochemical plant. It's the latest in a series of 'not in my backyard' or NIMBY protests in recent weeks throughout that country. And, we heard yesterday that military families have some extra protections when it comes to consumer credit -- the Military Lending Act caps interest rates and bans certain short-term loans. But creative lenders are still finding ways to prey on military families. Today, we look at how military brass, consumer advocates and lawmakers are trying to close loopholes in the legislation.
New figures out today from euro zone countries show the European Union's economy has been getting weaker for six straight quarters -- a year and a half of contraction. France was officially in recession. We take you to the continent to find out what it all means. And, seven years ago, Congress passed the Military Lending Act to prevent financial abuse of soldiers. But is it helping? Creative lenders are still finding ways into this lucrative market, and military families continue to fall into high-interest, quick-cash loans.