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Latest Stories

Latest Stories

Storm uncovers China's weak points

Feb 7, 2008
Last week's powerful snow storms in China derailed many travel plans for the Lunar New Year, including those of migrant workers. Kai Ryssdal talks to Scott Tong in Shanghai about how the storm exposed vulnerabilities in China's infrastructure.

Mafia still has economic impact

Feb 7, 2008
U.S. and Italian police have arrested 60 people in the biggest mafia crackdown in 20 years, targeted to cut renewed ties between New York's Gambino family and Sicilian mob bosses. Ashley Milne-Tyte reports on the current state of mob activity in the U.S.

Mitt Romney moves on from campaign

Feb 7, 2008
After spending millions of dollars of his own money to keep his presidential campaign going, Mitt Romney announced today he would either suspend his campaign or withdraw completely from the race. Jeremy Hobson reports on the future of Mitt Romney's career.

European Central Bank keeps rates steady

Feb 7, 2008
While the Fed cut interest rates in order to curb the economic slowdown, the European Central Bank has decided to hold its short-term rate steady at 4%. Steven Beard reports from London on how the rate will affect both U.S. and European economies.

Phoenix rising as a sports city

Feb 7, 2008
The NBA's Phoenix Suns announced they've traded for Shaquille O'Neal. But the Suns acquisition is just a small part of how Phoenix is turning into a mecca for sports. Kai Ryssdal talks to our business of sports analyst Diana Nyad.

Retail sales down across the board

Feb 7, 2008
The latest retail figures made for a disappointing January for everyone from teen clothing vendors to Wal-Mart. Nancy Marshall Genzer looks at possible factors in the slump, including high gas prices and gift cards.

Cities purchase vacancies to help

Feb 7, 2008
A vacant home isn't the most desirable thing on the market, so cities across the country are offering to buy empty houses to help battle foreclosure damage on the real estate market. Jeff Tyler has more.

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No interest rate cut for ECB

Feb 7, 2008
While the Federal Reserve's cure for an economic slowdown is to cut interest rates, the European Central Bank decided today against that move. Doug Krizner talks to Stephen Beard about where the ECB is most concerned.

U.S. meets on China's investments

Feb 7, 2008
The credit crunch has helped make China partial owners of Wall Street banks desperate for financing, and a hearing in Washington will help figure out what China's investments mean to the U.S. Ashley Milne-Tyte reports.

Business backed up at Mexican border

Feb 7, 2008
Long lines of people waiting to get documents checked at the U.S.-Mexico border is affecting businesses that once enjoyed freedom from a passport requirement. David Martin Davies reports who's affected, and how.