Investors are bearish in the throngs of a recession. Bill Radke talks to Diane Swonk, chief economist at Mesirow Financial, who says it will get worse before it gets better, but many problems are panic-driven.
Worries about earnings may have been one big trigger in the market slowdown. But despite fears real and projected, National City's Richard De Kaser tells Renita Jablonski he thinks the recession will be a modest one.
Some immediate causes of this morning's fallen Dow: word of negative economic growth in Britain and profit warnings from big companies. But Dan Grech explains the role of what some call "forced selling."
The days of gas below $3 a gallon are fast returning, but this doesn't necessarily bode well across the board. Sarah Gardner reports falling oil and gas prices undercut the incentive for renewable energy projects.
Perhaps the U.S. federal government needs to spread more money to the states and rebuild infrastructure to help fix the crisis. Bill Radke explores this idea with professor James Galbraith for our "What's the Fix?" series.
Early last year, the Pension Benefit Guarantee Corporation had more than $68 billion invested -- but began to chip away at that with risky investments. Steve Henn reports Congress will be looking into it.
With the price of oil and gas plummeting, Russia's once bulging budget could be heading for a deficit. Megan Williams reports half the country's income is from oil, and production is dropping along with price.
Asian leaders gathered with their European counterparts in Beijing to see what could be done to get out of a global tailspin. Scott Tong reports there are two competing world views on the world financial system.
While the world financial crisis rages on, Disney is doing just fine with the release of High School Musical Three in theaters today. The movie is expected to make $35 million this weekend. Stacey Vanek-Smith reports.
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