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financial crisis
Greece’s crisis and the generational divide
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Greece saw another day of nationwide strikes today. Tens of thousands went out to protest drastic wage cuts and pension freezes. Those government cuts are aimed at pulling Greece out of a debt crisis that’s threatening other countries in the Eurozone. But the Greek public says the plan is threatening Greece’s middle class. And as Joanna Kakissis reports from Athens it’s leaving a bleak future for young Greeks. Download MP3
UN official looks at US housing crisis
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Download MP3A United Nations official is taking a first-hand look at the impact of the economic crisis on the lives of American homeowners and renters. Reporter Anna Sussman has details.
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
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 MP3Global Political Cartoons: Sep 12-18, 2009
This week’s cartoons is show how difficult it is for President Obama to heal the US health care system, discipline Wall Street, or satisfy his European allies. We also see Israel defend itself against a UN report and who needs new footwear? The just-freed Iraqi shoe thrower.
The 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.
Lehman’s British accountants
Steven Pearson and Tony Lomas are from the accountants PricewaterhouseCoopers. One year ago they were appointed as the administrators of Lehman Brothers European operations. Suddenly the high testosterone investment bank was under the control of outsiders with a very different working culture. In this edition of the BBC World Service program Business Daily, Steven Evans joins Pearson and Lomas in Lehman’s former London headquarters.
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 MP3“The Day That Lehman Died”
“The Day That Lehman Died” is a drama by Matthew Solon. It charts the collapse of Lehman Brothers, which sparked the beginnings of the global recession. (Pictured: Actor John Shea and writer Matthew Solon.) Check out other items in our Best of the BBC section where we like to give you a selection of the rich content the BBC has to offer.
Tax haven
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There’s a British territory in the Caribbean that’s been thriving on its status as one of the world’s major tax havens. It’s gotten all the money it’s needed through indirect taxes. But those times seem to be over: thanks to the global recession the local government has been unable to pay all its bills. Read more on our Geo Quiz page to find out which part of the world we’re talking about.
Baby boom
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They have been called the “Kreppa babies” – just over nine months after this country’s banking sector collapsed, this country is experiencing a baby boom. Deliveries are up about 3.5 per cent so far this year, putting the volcanic Atlantic island on course to record its most annual births for at least half a century. Also, check out Alda Sigmundsdóttir’s blog.
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