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Segments From this episode
Swiss bank UBS today reported substantial losses and announced 1,500 job cuts -- including the CEO. Scott Jagow asks Stephen Beard in London whether similar statements are on their way from other European banks.
A new passport rule goes into effect today for Americans -- they'll need a passport from now on to travel to Canada or Mexico. But Jeremy Hobson reports that some people still need to get their hands on one.
This week, Congress will consider forgiving the debt of developing countries in exchange for safeguarding their natural resources. Dan Grech reports that these "debt-for-nature" swaps have worked well before.
In response to the events in Myanmar last week, the U.S. imposed new economic sanctions. But critics say they're not strong enough -- particularly regarding the country's lucrative gem trade. Amy Scott reports.
Reports out say private equity firms Cerberus and JC Flowers are considering taking over some of the assets of London's Northern Rock, which recently faced trouble from the subprime mortgage crisis. Stephen Beard reports.