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economic crisis
Portugal says it’s not Greece
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As Greece struggles with its mounting debt, some other struggling European economies are trying to assure investors that they’re not the next Greece. One of those countries is Portugal. The World’s Gerry Hadden reports from Lisbon.
Dubai’s debt crisis
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Download MP3What’s behind the fall of Dubai World? Some say Dubai’s Islamic banks may have abandoned their principles for Western-style investing. The World’s Aaron Schachter explains.
Dubai repercussions
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The government in Dubai has confirmed that it will not guarantee the debt of the state-controled investment company, Dubai World. This has led to sharp falls on the Dubai and Abu Dhabi stock markets. But the problems in Dubai and Abu Dhabi could have long-term repercussions in parts of Europe and the developing world. The World’s Jason Margolis has more. Download MP3
Dubai in trouble
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Shares at Wall Street fell on worries about Dubai’s debt problems, with the Dow Jones ending down 154 points on Friday. It was the US markets’ first chance to react to news that state-owned Dubai World had asked for more time to repay its debts. American markets were closed for Thanksgiving when other world markets all suffered steep losses. Alex Gallafent reports. Download MP3(Photo credit: Karim Sahib/AFP/Getty Images)
The Limits of GDP
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The recession in the U.S. is technically over. Gross Domestic Product, or GDP, grew at a rate of 3.5% in the last three months ending in September. But there’s a growing cadre of economists and other economy-watchers who say GDP has outlived its usefulness as a gauge of economic health. The World’s Jason Margolis has more. Download MP3
Germany’s job strategy
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Download MP3Germany has come up with a number of plans from both the public and private sector to keep people working and the economy moving. The World’s Gerry Hadden reports from Hamburg.
The beer economy
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World leaders are gathered in Pittsburgh, PA this week for the G20 Summit. They are trying to sort out the world’s economic problems – monetary and fiscal policies, capital requirements, and financial regulations. It can be confusing stuff. The World’s Jason Margolis went to Pittsburgh trying to make sense of it by looking at only one product: a bottle of beer. Download MP3The Lehman bankruptcy – one man’s story
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Download MP3The World’s Laura Lynch profiles a Frenchman who started work at Lehman Bros. in London on Sept. 15, 2008 — the day it went bankrupt.
Economic struggle in Senegal
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Download MP3Reporter Jori Lewis meets a Senegalese family that relies on money from relatives working overseas. But as a result of the global recession, that money’s drying up.
China’s tiger economy
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It’s been a year since the global economic crisis started and China has weathered it better than most. According to Premier Wen Jiabao the Chinese economy grew more than 7 % in the first seven months of this year. Other countries have taken notice and some believe the center of economic gravity is shifting toward China. The World’s Mary Kay Magistad reports from the World Economic Forum in the northern Chinese city of Dalian.China stays ahead of economic slump
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Download MP3It’s been just about a year since the start of the global economic crisis, and China’s doing better than most. Today, China’s premier said the country’s economy experienced 7 % growth since the start of 2009. The World’s Mary Kay Magistad reports.
Unemployment one year after the credit crunch
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In September 2008, Lehman Brothers filed for the largest bankruptcy in U.S. history, sending the already unstable markets into a serious tailspin. One year later unemployment levels across the globe are high: in Europe the number of jobless in the eurozone hit a 10-year high in July, while the Federal Reserve warned that U.S. unemployment could rise above 10%. On Labor Day we’re taking a closer look at the job markets around the world. (photo: AP) Download MP3 The fate of corporate art
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Before the collapse of Lehman Brothers, the financial services firm was the proud owner of a multi-million dollar art collection. Part of this collection will now be auctioned off by Freeman Auctioneers of Philadelphia. The BBC’s Lawrence Pollard took a look at the impact of the financial downturn on the fine arts. Download MP3Eastern European economic ills
The World’s Jason Margolis explains why unhealthy Eastern European economies could spell more trouble for the West. Economists say the U.S. and Western Europe should pay close attention.
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New world order at G20 (4:45)
Anchor Lisa Mullins speaks with the BBC’s diplomatic correspondent Bridget Kendall about how the G20 summit highlighted dynamics among the nations represented in London. Listen to the full interview with Bridget Kendall
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