The neighborhood savings bank is saving the day in Germany. State-owned or co-op banks called Sparkassen only lend locally. And they're being flooded with deposits as Germans rush to escape the global credit crisis. The World's Gerry Hadden reports.
Anchor Marco Werman speaks with Kiyoshi Kurosawa, director of the new film "Tokyo Sonata." The story centers on a middle-class Japanese man who gets laid off from his job, then tries to hide it from his family.
Economists study something called purchasing power parity. Basically, how far will a dollar go in Argentina, Italy, or the US? They gauge this by looking at a comparable basket of goods and services across nations.