Bear Stearns

The Europeans launch a satellite that will go way up there… to measure the effects of gravity…way down here. Anchor Lisa Mullins has details.

Anchor Lisa Mullins speaks with Irina Lunina, a former Bear Stearns employee from Russia who wrote about her experiences at the now-defunct investment firm for the New York Times. It’s been one year since Bear Stearns collapsed, signaling the beginning of the global financial crisis.

The World’s Matthew Bell reports on global reaction to the latest indications that the US economy is in a recession, as stock markets around the world stumbled today following news of a buyout of the Wall Street firm Bear Stearns.

Faith talks to Harvard economist Ben Olken about whether political leaders really have the power to save a faltering economy, as presidential hopefuls like to promise on the campaign trail.