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With Chinese immigration waning, U.S. Chinatowns are at a crossroads

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Since Chinese immigrants first started coming to the United States in the mid 1800s, many have congregated, at least initially, in Chinatowns. But as immigration slows, and China's economy roars, that flow of immigrants is drying up. And that's meant Chinatowns across the country are facing changes.
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Greek politicians eye Orthodox Church's income, expenses as target for budget cuts

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In Greece, the Orthodox Church is tied financially to the state. The state pays some priests and exempts the church and its activities from any taxes. But with tight economic times, some politicians are calling for the relationship to be adjusted.
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Best hope for Palestinian economic growth, a political solution with Israel

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Palestine's economy suffers under the weight of the long-running Israeli occupation. And while it's resumed growth, that growth is tied to foreign aid. Economists say to achieve true stability, it needs a vibrant private sector economy -- and that requires a peace agreement with Israel.
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British bank accused of laundering Iranian money, violating U.S. law

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The British-based Standard Chartered Bank is accused of laundering over $250 billion for Iranian banks over the last ten years, allegedly with the support of upper management. It is against U.S. law to do business with Iranian banks.
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New England's economy more linked with Europe than most of the U.S.

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As Europe's economy veers further into trouble, one U.S. region in particular is at greater risk of seeing the European crisis impede its own economic fortunes. Europe and New England are closely tied together, and that's hurting New England's effort at its own economic recovery.
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U.S. economy shows mixed signs -- adds 163,00 jobs, but unemployment rate rises

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It was a mixed bag Friday morning when the latest labor report was released. Jobs were up, but so was unemployment. And both Republicans and Democrats were moving to capitalize politically on the mixed message. One bright point, though, was that manufacturing jobs are growing faster than at any point in almost 30 years.
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European Central Bank officials express support for euro; decline to back words with action

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The European economy continues to struggle, but European bankers say they're as confident as ever in the euro's stability. But with Germany watching on, they decline to take any action.
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Italy turns to shoe company billionaire to pay for Colosseum rennovations

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Italy's historic Colosseum has been showing its age in recent years. There are cracks in the walls and pieces have even been falling off. But, with Italy's budget in a crunch, the government had to turn to private funds, from Tod's owner Diego Della Valle, to fix it up.
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Economist says the American retirement system has failed

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America is heading into a retirement crisis, an economist says. Most retirees haven't saved enough money to retire and Teresa Ghilarducci blames America's entire system for retiring.
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Honduras looks to Hong Kong as a model for economic revitalization

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Honduras' political leaders are hoping to jumpstart the country's flagging economy by separating one of the country's cities. A new law would allow the government to designate a city as a "charter city" subject to different laws and regulations and perhaps under some foreign supervision.
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