Congress may be close to finishing a new housing bailout bill which would insure $300 billion more for mortgage refinancing and be kinder to taxpayers by making lenders like Freddie Mac cover defaults. Dan Grech has more.
Like gas, the price of milk is at about $4 a gallon, and the U.S. government suspects price fixing might be to blame. Dan Grech reports why the Department of Agriculture thinks the Dairy Farmers of America may be spoiling themselves.
A new report notes it takes half as much energy today to create $1 of economic output as it did in the 1970's. Dan Grech reports new efficiencies out in the next few decades can cut energy consumption even more.
The Commerce Department's monthly retail report shows consumer spending dropped last month, but not as much as predicted. Dan Grech looks into why and what the numbers say about the overall economy.
The price of oil jumped to $126 a barrel on news that Venezuela President Hugo Chavez may have closer ties than initially suspected with the Colombian terrorist group FARC — raising fears of U.S. sanctions on his oil-rich nation. Dan Grech reports.
In November, radio station giant Clear Channel announced it would be taken private in a $20 billion leveraged buyout. Now, the banks that were to finance the deal want to back out. Dan Grech has more.
U.S. worker productivity increased in the first quarter of 2008 at an annual rate of better than 2% — which is pretty good. But the underlying reason is that job cuts required the remaining employees to do more work. Dan Grech reports.
Facing a provincial vote this weekend, Bolivian President Evo Morales has announced he plans to nationalize the nation's biggest telecommunications company and four foreign-owned natural gas companies. Dan Grech reports.
After shedding its debtor-nation status, Brazil has now received an investment-grade credit rating from Standard & Poor's. And the news is getting the kind of attention usually reserved for the national soccer team. Dan Grech reports.
Speculators armed with subprime or adjustable-rate loans flooded the condominium market a couple of years ago. Now, many are in trouble, and other residents in their condo communities are paying the price. Dan Grech reports.
