The Federal Reserve's annual symposium is getting underway today in Jackson Hole, Wyoming, and the landscape looks a lot different from last year. Dan Grech explores the Fed's role as a lender of last resort to banks.
South Africa is busy building up its infrastructure in preparation for the 2010 World Cup. The tournament will pump about $3 billion into the economy and create about 200,000 jobs. Gretchen Wilson has more.
Luxury stores like Saks Fifth Avenue are losing sales as shoppers cut back. Nancy Marshall Genzer reports that hipsters are still attached to their brands, but Ross and TJ Maxx offer significant discounts.
Twenty-six airlines globally went out of business or into bankruptcy protection in the first half of this year. And the International Air Transport Association anticipates more airlines going down. Stephen Beard reports.
Politicians have been using campaign accounts as personal legal defense funds for years. But Steve Henn reports in Senator David Vitter's prostitution case, the Federal Election Commission is starting to draw a line.
This week, wholesale inflation is jumping at the fastest pace in 27 years. But economics editor Chris Farrell says the focus shouldn't be on inflation, but on the decline in wages. He speaks with Bob Moon.