Economy
ECB Promises to Save Euro, Germany Looks On
Mario Draghi, the head of the European Central Bank, Thursday said that “the euro is irreversible.” He promised the bank would step in to ease financial pressure on Spain and Italy. What’s at stake for Europe, and the United States?
Why Some Greeks are Returning to the Country and Heading to Farm School
Greece is still in dire economic straits. Unemployment is more than 20 percent. Some Greeks are choosing to return to the land, and begin farming like their parents and grandparents before them. Anchor Aaron Schachter learns more from Evangelos Vergos of the American Farm School in Thessaloniki.
Mixing Human Rights and Trade Relations: Dealing with Today’s Russia
After trying for some two decades, Russia will join the WTO later this month. For the Kremlin, it’s a hugely symbolic moment. And it’s important for companies that want to trade with Russia.By some estimates, the US could double its exports to Russia in the next five years. But there’s a catch. A Cold War law prevents normal trade relations between the two countries.
The Drought Felt Around the World?
The impact of this summer’s drought in the US may well be felt around the globe and many of world’s poor will feel the squeeze as harvests fall and prices rise.
Germany Questions West-to-East Aid
Since German reunification in 1990, trillions of dollars have flowed to what was once East Germany. But now in tough economic times, some in the former West now question whether the investment is worth it.
Honduras Wants to Build Its Own Hong Kong
Honduras has been going through a rough patch and things are so bad that Honduran officials are considering to build an experimental city to give the country a fresh start.
Olympic Dreams in Times of Austerity
A nation suffering major economic stress right now is still bidding for the 2020 Games.
Looking for Campaign Cash Overseas
Mitt Romney is scheduled to attend the opening ceremonies of the London Olympics Friday night. He’s also visiting London to raise some cash.
Spanish Indie Bands Suffer with Economic Downturn
Spain’s worsening economy is putting a pinch on Spanish indie rock bands and many bands are struggling to make ends meet.
Europe Teeters Again on Economic Brink
The economic news from Europe is getting grimmer. Spain is facing increased borrowing costs, with a bailout from its European partners. It’s looking more likely even powerhouse Germany might see its pristine credit rating downgraded.
French President Hollande’s Plan to Tax Rich Touches Nerve
France’s new president, Socialist Francois Hollande, has just announced a raft of tax hikes, all of them on big companies and the rich. The measures are proving popular among ordinary Frenchmen, but business leaders and the wealthy say squeezing them will hurt everyone.
Can’t use the Olympic Rings? Try a British Flag
The International Olympic Committee doesn’t like businesses using the Olympics logo, or words like gold, to market their products.
Taxes and the Rich: Britain May Name and Shame Biggest Tax Avoiders
Britain is considering a plan to name and shame the country’s biggest tax evaders. While not illegal, the government hopes to generate extra revenue.
British Bank HSBC Allowed Money Laundering
A US Senate report says British bank HSBC had a ‘pervasively polluted’ culture, allowing it to move shady money into the US from Iran, Syria, and Mexico.
Greek Tourism in 108 Degrees
As if they didn’t already have a lot to worry about, residents in Athens had to contend with temperatures in the neighborhood of 108 degrees Fahrenheit.
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