
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
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The economic crisis in Ireland is making for a gloomy holiday season there. The poverty, unemployment and deprivation portrayed in the book are still evident in the suburb of Moyross. And that is exactly why a group of men from New York have moved in. Not just any men though- they are Franciscan friars based in the Bronx. The World’s Laura Lynch has more. (Photo: Laura Lynch) Download MP3
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Greeks today are grappling with the aftermath of two bombings. No one has claimed responsibility. But authorities suspect left-wing groups opposed to recent drastic government spending cuts. Now a sense of malaise and uncertainty has settled over the country as it tries to climb out of debt. But The World’s Gerry Hadden found one local musician who’s trying lift people’s spirits. Download MP3
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President Obama made a bold declaration during his State of the Union address: He said the US will double exports over the next five years. That’s a lofty goal, but can it be done? The World’s Jason Margolis visited Western Michigan to explore just how realistic the president’s goal may be. Download MP3 (photo: Jason Margolis)Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
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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
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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 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
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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 MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
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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.