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Latest Stories

Proceed with caution in this economy

Feb 27, 2008
Some economists and pundits have said we should spend our way out of the current economic slowdown. But commentator and economist Susan Lee says it was that same worry-free attitude about buying that got us into the housing crisis in the first place.

Foreclosures hit home for renters too

Feb 27, 2008
Homeowners are not the only victims of the subprime mortgage crisis. Many renters are being evicted from homes and apartments going through foreclosure. Monica Brady-Myerov reports.

Are Microsoft's EU troubles over?

Feb 27, 2008
Years of fighting over Microsoft's failure to obey a 2004 antitrust order have finally ended with European Union regulators fining the company a record $1.3 billion. Kai Ryssdal talks to Stephen Beard about whether the fine will repair Microsoft-EU relations.

Freddie & Fannie lose their caps

Feb 27, 2008
Federal regulators for the mortgage securitizers Fannie Mae and Freddie Mac are lifting restrictions on the growth of their mortgage holdings. The caps had been put in place as a response to accounting errors in both companies. Nancy Marshall Genzer reports.

Another rate cut ahead -- maybe

Feb 27, 2008
Ben Bernanke went to Capitol Hill to once again express the critical state of the economy. He signaled that the Fed is still deciding whether to cut interest rates. Kai Ryssdal has more.

France sniffing out product price-fixing

Feb 27, 2008
In Europe, nine makers of consumer products are suspected of colluding to keep prices high. The companies could face billions of euros in fines if France's Competition Council finds them guilty. Rene Gutel reports.

U.S., India nuclear deal still pending

Feb 27, 2008
U.S. Secretary of Defense Robert Gates wraps up a two-day visit to India, with a focus on a nuclear and fighter jet deal. Doug Krizner asks Mehul Srivastava of MINT what's at stake for American companies.

For public good, not for profit.

Europe makes Microsoft pay

Feb 27, 2008
European commissions have delt Microsoft a $1.3 billion fine for failing to obey an antitrust order. The penalty, which is the largest ever in Europe, comes on top of a series of similar, earlier fines. Stephen Beard report.

Hard times for Latino construction

Feb 27, 2008
Construction went from being a leading contributor to employment growth to a leading source of unemployment. Dan Grech reports from a community near Miami that the Latino population has suffers a particular loss.

Bernanke talks of Fed's 'conundrum'

Feb 27, 2008
Federal Reserve Chairman Ben Bernanke meets with Congress today to give an economic report, and many are watching for signs of additional rate cuts. Jeremy Hobson reports how the chairman may describe the Fed's current situation.