Continuing our series on the worldwide food crisis, today we take a look at farmers who are taking advantage of the increased prices of commodities. Josephine Bennett reports from Georgia on the situation for peanut farmers.
U.S. worker productivity increased in the first quarter of 2008 at an annual rate of better than 2% — which is pretty good. But the underlying reason is that job cuts required the remaining employees to do more work. Dan Grech reports.
To start our special series called Food Fight, Host Scott Jagow talks to the head of research at Oxfam, an international group working on solutions to poverty, asking him why so many countries are fighting over food.
In addition to the human cost of the cyclone that has ravaged Myanmar, damage from the storm will continue sending ripples through rice markets across the world for some time to come. Steve Henn reports.
Chrysler has announced that customers who buy or lease one of its selected new cars in the next few weeks can lock in lower gas prices for three years. What is it thinking? Amy Scott reports.
Fannie Mae, the biggest mortgage underwriter in America, reported a loss of more than $2 billion last quarter. Investors are now bracing for more bad news when its federally-sponsored cousin Freddie Mac reports results later this week. Alisa Roth has the story.
Government-backed lenders Fannie Mae and its cousin Freddie Mac are buying up 80% of mortgage securities, giving lenders fresh money to make new home loans. They could lead us out of the housing crisis. Bob Moon reports.
Swiss bank UBS is selling some of its subprime mortgages to an American investment firm for $15 billion — 25% of the face value. Some see the deal as a sign the credit crisis might be easing. Stephen Beard reports from London.
New York City's art auction season opens today. Sotheby's and Christie's are hoping to sell $1.8 billion worth of works — 25% more than last year. Jill Barshay reports on the art bubble that's just getting larger, despite a struggling U.S. economy.
The Federal Reserve has joined with the European Central Bank to pump billions more dollars into the banking system, trying to persuade financial institutions there's money to be had. Bob Moon explains.
