A banking collapse on the Mediterranean island of Cyprus has been avoided, but the bailout plan is going to be painful for many bank customers there. Stavros Zenios, a professor of finance at the University of Cyprus in Nicosia, outlines the plan.
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.
A controversial new study out of Yale concludes that people who speak languages without future verb tenses like Chinese are better at preparing for the future than people who use a future tense like in English, French, and Spanish for example.
Last week, Bank of America announced that it would begin imposing a $5 monthly fee for checking accounts that use debit cards. Other large banks are expected to follow suit. We share listener comments.
The latest consumer confidence numbers are due out later today and they aren't expected to be great. Don Peck tells us how significant confidence is in today's economy and the impact of over-confidence during the boom time of the '90s.
Throughout the U.K., there is a growing sense that many young people are going to face more difficult financial times than their parents' generation did. We're speaking with personal finance guru Alvin Hall.
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