It was thought — in the U.S., anyway — that the Fed's big rate cut would put pressure on the European Central Bank to follow suit. But we now see the ECB is looking at a very different economic picture. John Dimsdale reports.
The Congressional Budget Office has announced the deficit for fiscal 2008 is going to hit almost $220 billion — not counting war spending or an economic stimulus package. But analysts say there are bigger things to worry about. Danielle Karson reports.
Commentator Robert Reich says an economic stimulus plan combined with Fed rate cuts can't hurt, but loans and investments from other countries will be the only way to avoid recession or worse.
Democratic and Republican presidential hopefuls are suddenly focusing on all things fiscal — as are many voters. And that could mean good fortune for some candidates and tough times for others. Stacey Vanek-Smith reports.
Many companies are now hiring freelance workers to toil indefinitely with no promise of future benefits or salaries. Lisa Napoli has the story on what is becoming known as "permalancing."
It may not seem like it, but there was a lot of other business news going on today beyond the general economic concerns. Kai Ryssdal gives a quick wrap-up of what was going on.
An estimated 350,000 Palestinians in the Gaza Strip went on a buying spree in Egypt today when masked gunmen blew holes in a border wall. Kai Ryssdal talks with economist Youssef Dauod in the West Bank about what the Palestinians need most.
No matter how bad your commute is, be thankful you don't work in Shanghai. Our China correspondent Scott Tong says his trip to and from the office is kind of a metaphor for doing business there.
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