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 journalist Muna Shikaki, Washington correspondent for the Arabic language television channel Al-Arabiya, and Gregor Schmitz of German news magazine Der Spiegel, about how they are covering this week's news from Washington.
Anchor Marco Werman speaks with Molly Murray, reporter for the News Journal in Wilmington, Delaware, about the oil that was spilled in the Atlantic during World War Two when German U-boats torpedoed U.S. oil tankers.