The impact of the subprime mortgage crisis and economic strain across the country has drastically increased the number of Americans living in poverty. According to the latest census data, 47 million Americans are now living below the poverty line.
Chinese Vice President Xi Jinping along with several Chinese leaders visiting Iowa on Feb. 15 agreed to purchase $4.31 billion worth of U.S. soybeans from Iowa farms. China is expected to sign more deals with a total record purchase of 12 million tons of soybeans this year.
In Juarez, Mexico, the once-bustling nightlife had been dead for years as violence erupted in the city. But, in recent months, as police have setup checkpoints and drug violence has stabilized and perhaps even subsided, the nightlife is returning.
Some 40 buildings were set ablaze as protesters in Athens, Greece, rallied in the streets to demand the government stop imposing more austerity measures on the country -- conditions that European finance ministers have insisted on in order to release the latest round of bailout funding.
Economists have identified the housing crisis as one of the biggest drags on the current economic recovery. On Thursday, state and federal officials announced a settlement with the mortgage industry that will provide cash to underwater homeowners and those who lost their homes, but there's debate on whether it will jumpstart the economy.
In Argentina, try to find a Big Mac on a McDonald's menu and you'll have to look hard. Order one, though, and it'll be among the cheapest items on the menu. That's because, economists say, the government is probably fixing the price in a bid to make inflation seem lower.
As the middle class increasingly feels pressed from the bottom and the top, comments on CNN by Mitt Romney about not being concerned with the very poor have prompted a discussion about just what it is that is holding back the middle class — and the poor as well.
In an investigation by The New York Times, reporters discovered that the SEC is regularly declaring that the strictest penalties for fraud, penalties it regularly imposes on other businesses, often are not imposed on Wall Street investment banks.
The American economy surprised economists by adding 243,000 net new jobs in January and dropping the unemployment rate to 8.3 percent. That rate represents the lowest figure for the American economy in almost three years.
China, citing historical discoveries, says that the entire South China Sea should be its own exclusive economic zone. The Philippines, however, shares a long border with the sea and sees some of it as its own. So does Vietnam, and other regional countries. That's got some a little nervous.