Economy
America’s Neighbors Fear Fiscal Cliff, Too
We explore what consequences Canada and Mexico might have to expect from an American ‘fiscal cliff.’
Chinese Consumers Willing to Pay More for American-Made Goods
Millions of American shoppers have been swarming malls to get those Black Friday deals and a lot of the stuff we’re buying is made in China. But in China, an increasing number of shoppers now prefer American-made goods.
After Public Outcry, Spain Reviews Eviction Laws
Public outcry over evictions in Spain is prompting the government there to reassess how banks deal with the many Spaniards who can’t pay their mortgages. As The World’s Gerry Hadden reports, the suicide of a woman last week who couldn’t pay her debts helped changed the government’s stance.
How Should We Judge our Economy?
The central question of the presidential election came down to this: Are you better off than you were four years ago? Well, it depends on who you ask and how you measure it. A small, but growing group thinkers say traditional economic measures don’t give an accurate picture of the true health of our economy. And their movement is gaining steam.
Spain’s Iberia Airlines Announces Layoffs
Spain took another economic hit, as the country’s main airline, Iberia, announced it’s getting rid of 4,500 jobs. The World’s Gerry Hadden has the story.
Violin Dealer Dietmar Machold Convicted of Embezzlement
German Dietmar Machold lived the high-life in Vienna as one of the world’s foremost experts on violins. But it was all a ponzi scheme. And Friday, an Austrian court convicted him of embezzlement and fraud. Aaron Schachter tells the sad tale.
The Energy Costs of Oil Production
How much does it cost to produce a barrel of oil? Ask an oilman and he’ll likely give you a dollar amount. Ask somebody who studies what’s called biophysical economics, which combines the disciplines of biology and economics, and you’ll get a more nuanced response.
In Haiti, Success Isn’t Enough to Keep Innovative Energy Program Alive
A model project, which put local youth to work cleaning up a Port-au-Prince slum and turning paper trash into cooking fuel, has been closed down for lack of funds. In a follow-up to a story she first reported two years ago, The World’s Amy Bracken explores the reasons for the demise of a program that everyone seemed to love.
The Presidency and The Global Economy
The World’s Marco Werman explores US presidential influence on the global economy. He speaks with a Greek comedian; a British financial regulator; a German journalist associated with the Occupy movement; and others.
Hurricane Sandy: Closed New York Stock Exchange Reverberates Around the World
The New York Stock Exchange shut down Monday, the first time since the September 11th terrorist attacks. Host Lisa Mullins talks with Andrew Hilton about the economic impact the shutdown will have oversees that may not occur to most Americans.
Story of Chinese Premier Wen Jiabao’s Wealth Challenges Popular Image
China has blocked access to The New York Times website after it posted an investigative piece claiming that the family of Premier Wen Jiabao had amassed some $2.7 billion through a series of investments made after Wen came to power in 2002. The claims challenge the popular image of the humble official known by many Chinese as “Grandpa Wen”.
Reality Check: Romney Promises More Trade with Latin America
Mitt Romney says he’d focus on increasing free trade opportunities with Latin American countries. But what could a President Romney, or any American president, practically do?
Ford Stalls Out in Europe
American car maker Ford is shutting down some plants in Europe. The closings in Belgium and the UK will mean thousands fewer jobs in those countries by 2014. Anchor Marco Werman speaks with BBC’s Jorn Madslien about the changing European auto industry.
How Europe’s Ailing Economy Affects the American Industry
The euro debt crisis is far from over, and that’s bad news for the US economy. Jacob Kirkegaard, with the Peterson Institute for International Economics, says Europe’s ailing economy impacts the American industry in many ways.
Spain’s Troubled Shoe Industry in Comeback Mode
The Spanish town of Elche is at the heart of a manufacturing revival of sorts. Elche was a shoe making capital that lost a lot of jobs to cheaper Asia. But now Elche’s shoe companies are starting to come back.
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