A shortage of coal in China has boosted demand for diesel, which some power plants in the country use as an energy substitute. Renita Jablonski talks to Scott Tong in Shanghai about the global effect of China's demand.
Aside from borrowers and lenders, neighborhoods are also feeling the subprime burn. Steve Henn reports Congress is considering a new bill to let local governments buy abandoned sites to save neighborhood property values.
The House Foreign Affairs Committee is looking into how skyrocketing oil is affecting this country's national security. John Dimsdale reports the U.S. economy depends on unfriendly governments for more oil.
A lack of cash has forced many consumers to charge food and gas on their credit cards, building a dangerous personal debt. Scott Jagow talks to economics professor Steven Fazzari about where this could lead.
Dissatisfied customers in several states have filed class-action lawsuits against cell phone companies for contract cancellation fees. Jeff Tyler reports to protect themselves, the cell phone industry wants immunity from the FCC.
A new study surveying 400 of the world's biggest oil fields says producing over 100 million barrels a day will be a big challenge in the future. Scott Jagow talks to Stephen Beard about other pessimistic projections from the report.