The United Auto Workers union has decided to make concessions to the Big Three carmaker in an effort to help them make their case to Congress for about $34 billion in loan guarantees and lines of credit. Nancy Marshall Genzer reports.
Edina, Minn., a wealthy, mostly white-collar suburb of Minneapolis, has not seen the upheavals of the economic crisis that have hit other cities — yet. Annie Baxter reports.
Niall Ferguson, author of "Ascent of Money," talks with Kai Ryssdal about how competition between banks and their drive to boost share prices has led to today's financial mess.
The Big Three automakers return to Congress this week to present improvements they'll make if they get bailouts. Kai Ryssdal asks industry analyst Eric Noble if smaller business models, green technology and executive pay cuts are enough.
If the Federal Reserve lowers its interest rate to zero — and there have been indications that might happen — it can't go any lower. So, what's left? Nancy Marshall Genzer reports.
Goldman Sachs seems to have avoided the financial crises of its Wall Street rivals so far, but it's expected to post its first quarterly loss in almost a decade. Alisa Roth reports.
As many of us see our retirement savings dwindling from the stock market's decline, a natural reaction is to close our wallets. Economist Dan Ariely tells Kai Ryssdal we may want to rethink that notion.
On Tuesday, the Big Three automakers are expected to present their bailout proposal to Congress. But in the face of sobering November sales figures, can they keep a united front? Alisa Roth reports.
Retail experts are predicting the weakest holiday shopping season in decades, and consumers' spending on Black Friday isn't changing that view. Today, retail stocks were down. Janet Babin reports.
Even if they don't understand the specifics, your kids probably know that something's not quite right in the financial world. Host Tess Vigeland asks Kiplinger's Janet Bodnar how best to discuss the crisis with them.
