After the BP spill, the multi-billion-dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up — at least for shrimpers.
Commentator Robert Reich says lawmakers need to apply the brakes on automatic spending cuts and tax increases set to go into effect at the end of the year or the U.S. may face a new recession.
World financial markets have been see-sawing in recent days amid talk China may or may not give an extra stimulus to its economy. China, the world's second largest economy, growth was running near 9 percent last year.
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Starting July 1, Australia will offer permanent residency to anyone willing to invest $5 million in an Australian company, venture capital fund, or government bonds.
China and Japan move to trade each other's currencies directly, without using the U.S. dollar to set the exchange rate. The change is a new step toward a world where the dollar is not last word in global currencies.
