Latest Stories

Latest Stories

A Half-Point Cut

Sep 19, 2007
Well, as everyone knows by now the Fed opted for a dramatic half point cut in its benchmark interest rate. And the stock market loves it--so far.

Many consumers expect recession

Sep 19, 2007
A poll out today from Reuters shows one-third of Americans believe we're heading for a recession. But who's to blame? Steve Henn did his own poll this morning in D.C.

TITLE MISSING

Sep 19, 2007
The Center for Retirement Research at Boston College has released a new Issue in Brief: "The Role of Private Insurance in Financing Long-term Care"...

No such thing as a rain check

Sep 19, 2007
Authorities in Shanghai evacuated more than 2 million people to brace for what was to be the biggest typhoon in a decade. The city's partial shutdown left thousands of migrant workers without a day of pay. Scott Tong has more.

Tangles in medical web-slinging

Sep 19, 2007
Wal-Mart and Intel recently adopted electronic health records for their workers. But getting other companies involved won't be easy. Helen Palmer reports.

No safety net against rising prices

Sep 19, 2007
The Fed's move to lower the lending rate has critics worried about inflation. Doug Krizner talks to Adrian Ash of London gold-trading firm BullionVault, who says that prices are rising.

For public good, not for profit.

Little faith in credit-rating reform

Sep 19, 2007
Subprime finger-pointing has caused credit-rating agency Moody's to consider reforming its valuation system. But critics are complaining it won't fix the industry's larger problems. Bob Moon reports.

Las Vegas seeking liquidity

Sep 19, 2007
Climate change and low rainfall are fast draining Nevada's Lake Mead, which supplies Las Vegas with water. So the city is paying residents as an incentive to conserve. Stacey Vanek-Smith reports.
Lake Mead supplies Las Vegas, Arizona and Southern California. Mineral deposits leave a white "bathtub ring" on the rocks, marking areas once submerged under water.
Ethan Miller/Getty Images

Slow global gains could mean inflation

Sep 19, 2007
In his new book, former Fed chairman Alan Greenspan says the gains from globalization are waning. And commentator David Frum predicts a bad forecast for inflation.