Economy
US-Mexico Trade Concerns Over Tomato Imports
The US Commerce Department is considering pulling the plug on a 16-year-old trade agreement regulating Mexican tomato imports.
Romney’s ‘On the Road to Greece’ from the Second Presidential Debate
In Tuesday night’s debate, Governor Mitt Romney cautioned that four more years of President Obama’s economic policies would put the US on “the road to Greece,” a nod to the Mediterranean country’s ongoing financial woes.
Devalued Rial Prompts Many Iranians to Exchange Money into Dollars, Other Currencies
Iran’s currency, the rial, has lost a third of its value against the dollar in just ten days. That has prompted protests among shopkeepers and money changers in Tehran’s bazaar and has many Iranians frantically exchanging their rials into more stable currencies like dollars.
Euro Crisis: Bavaria’s Bailout Fatigue
Many Germans have grown weary of bailing out EU countries in southern Europe, and nowhere is that more obvious than in the wealthy southern state of Bavaria.
German Court: Church Can Force Congregants to Pay if They Want to Pray
The outcry in Germany continues over religious taxes. The tax is levied on anyone officially affiliated with a Christian church or the Jewish faith.
Reverse Remittances in Italy
The economy is so bad in Italy these days that African immigrants who came to provide better lives for their families back home are having to get money from family back home. Reporter Martin Davies profiles one woman from Senegal who says she’s heading back to Africa.
Growing Debt Worries for South Korea
People in South Korea are taking out loans for education and housing, racking up personal debt, and prompting worries that Korea could have its own debt crisis.
Homeowners in Spain Face Eviction
One of the more tragic aspects of Spain’s increasing austerity is the eviction of homeowners.
Unemployed Italians Try Organic Farming
Some of Italy’s unemployed have taken up an offer of free room and board in exchange for doing volunteer work – on organic farms. Reporter Christopher Livesay explains why thousands of Italians have signed up to be farmers.
Russia Boots USAID in a Big Blow to Obama’s ‘Reset’ Policy
President Obama’s “reset” policy with Russia took a blow this week as the USAID was told to pack its bags and leave the country by October 1, 2012.
Big Retailers Face Resistance in India
India is bracing for nationwide strikes on Thursday. Many stores will close to protest the Indian government’s decision to open the country to big, Western retailers like Wal-Mart.
German Court Ruling May Aid Ailing Euro
Germany’s Constitutional Court handed down a decision Wednesday which may help save Europe’s embattled single currency, the euro. But is it too little, too late?
Still No Signs of China’s Future Top Leader
The World’s China correspondent Mary-Kay Magistad talks about Premier’s Wen Jiabao’s speech, as well as China’s position on disputed islands in the East China Sea.
Iran’s Currency Woes
Iran’s currency plunged again Monday, bringing it to a record low against the dollar. Anchor Marco Werman speaks with Iranian journalist Nazila Fathi at Harvard University’s Belfer Center to find out what’s going on.
China Factories Feel Pinch of Slowing Economy
China’s economy is slowing down, and that’s having a big impact on factory towns that relied on cheap manufacturing. The World’s Mary Kay Magistad visits a hard-hit garment-making district in Guangdong province.
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