The financial crisis engulfing US institutions is being felt around the world, including China. But China's doing better than most. Anchor Lisa Mullins speaks with The World's Mary Kay Magistad in Beijing.
The World's Matthew Bell reports that the globe's leading central banks -- led by the U-S Federal Reserve -- have pumped billions of dollars into credit markets, hoping to restore confidence in the global economy.
Today, the Russian government suspended trading on its country's stock exchange. The move comes a day after Russian stocks plummeted to their lowest level in nearly three years. Anchor Lisa Mullins speaks with Mikhail Kroutikhin of RusEnergy consulting.
The last time bankruptcies happened so frequently was in 2004, when consumers were trying to preempt strict laws that would steer them away from the financial option last resort. Why is the 2005 law failing to slow the rate of bankruptcies?
As a starving writer, Katy Lederer had credit card debt and couldn't hold on to her apartment. So she took a job at a hedge fund, but she kept writing poetry on the side, often about money and our complicated lust for it. Now a full-time poet, her recent collection is Heaven-Sent Leaf. Lederer tells what modern money-making and modern verse have in common.
Today, we're talking again with Beth Kobliner about the ABCs of college loans, financial aid, and debt. Beth is back today to answer all the listener questions that have come in since her appearance on Tuesday.
Takeaway contributor, Beth Kobliner is concerned about subprime car loans. The loans allow buyers with low credit scores to find a way to pay for their cars, even if this means that they are taking on loans with high interest rates.
Millions of Americans are facing foreclosure, like Takeaway listener, Tina. She is struggling to keep her home in Miami. She has been in her house for 38 years, but is getting hit with an escalated payment.