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Iran and Rover

May 6, 2005
The bidding war for British car maker MG Rover got a little hotter this week. The government of Iran said it might make an offer to acquire the bankrupt company. Turns out, Iran already has a foot in the door. One of the country's automakers has held talks with Rover about building 150 thousand of its cars a year. Now it's not that Iran needs Rovers, per se. The government already manufacturers a very popular car called the Peykan. But as of the end of this month, it's headed for the scrap heap. Reporter Borzou Daragahi explains.
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Unemployment in Germany

May 6, 2005
The White House's reaction to today's employment numbers - way to go! Or words to that effect. Treasury Secretary John Snow said we can expect more new jobs moving forward, thanks to what he called the underlying strength of the economy. Still the unemployment rate remains stuck at 5.2%. That's not so bad, though, compared to what's going on in Germany. Unemployment there is running at about 12%, the highest since World War II. A new website aims to match up would-be workers with jobs - but at a price. From Berlin, Kyle James has the story.
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Holocaust fund

May 5, 2005
Today is Holocaust Remembrance Day. Ceremonies are taking place around the world to pay tribute to the millions of people killed by the Nazis. One of those events was held at Israel's Yaad Vashem holocaust museum, which recently re-opened after a $40 million dollar renovation. At the same time, death camp survivors in Israel are finding their financial safety net is getting a little threadbare. Nancy Updike looks at how things got so bad:
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World's biggest ports

May 4, 2005
Can you name the top three ports in the world? Here's a hint: They're ALL in Asia. The Los Angeles and Long Beach port complex dropped to number four. That from a new study, which finds volume is growing on both sides of the Pacific, too. But as Rachael Myrow reports, all that trade brings unintended consequences.
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British election update

May 4, 2005
After eight years in power, British Prime Minister Tony Blair and his Labour party are seeking a third term in office. His popularity has been severely dented by his role in Iraq...but Blair is still likely to win the election. As Stephen Beard reports, the British economy and Blair's finance chief have ridden to his rescue.
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The Tao of floating currency

May 3, 2005
Speculation's been building that China will float its currency -- the Yuan -- on international markets. Economist Joseph Stiglitz says the move, even if it happens, won't have the effect that many expect.
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British Election update

May 3, 2005
British Prime Minister Tony Blair and his Labour party face a general election on Thursday. After eight years in power, Blair is seeking a third term in office. His popularity has been severely dented by his role in Iraq... but as Stephen Beard reports from London, Blair will likely win the contest. The British economy and his finance chief have ridden to his rescue.
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IT in Baghdad

May 2, 2005
Three car bombs in Baghdad today - at least 8 more people dead. More than a hundred people have been killed in Iraq since Thursday. That's the same day the country's government appointed a partial cabinet. Security is the new government's toughest challenge. The roads aren't safe - and anyone commuting to earn a living is an easy mark. Borzou Daragahi reports on workers taking another road...the one that merges with the information superhighway.
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The rising Yuan

Apr 29, 2005
Today the Japanese yen rose to a one month high against the dollar. But what's driving that surge is "Made in China". Investors are betting that China's currency (the Yuan) is about to rise in value, taking the yen and other Asian currencies with it. Beijing has signaled it may be about to do what the US has been pressuring it to do for a while: revalue its currency. Is this a serious opportunity to take a position in the currency markets and make a bundle? Beijing Bureau Chief Jocelyn Ford reports.
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Vietnam: 30 years later

Apr 29, 2005
Tomorrow marks the 30th anniversary of the fall of Saigon, and the end of the Vietnam War. But not the end of the Vietnam saga. 30 years on, the U-S is now one of the largest foreign investors in Vietnam. In fact, last year, trade between the U-S and Vietnam was worth $7-billion dollars.David Brown talks with Raymond Burghardt, ambassador to Vietnam from 2001 until last year.
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