Germany’s commitment to cutting greenhouse gases is also paying benefits in economic development. Correspondent Kathleen Schalch reports from eastern Germany, where solar panels are big business. Listen
“The biggest threat to the system (today): suppose everybody now tries to turn inward… then I think the degree of integration of the global economy, this time, is so large, that it would be extremely difficult, it would just collapse in on itself.” These were the words of economist Barry Bosworth at the Brookings Institution, spoken in January. Are we starting to see protectionism today? Will countries repeat the mistakes of the 1930’s? Listen to the Global Economy Podcast
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. Listen
President Obama announced a plan for the most sweeping changes to the rules of finance since FDR’s changes during the Great Depression. It’s hard to argue that President Roosevelt’s actions in the 1930′s didn’t help bring stability and order to Wall Street. But it’s a much different world today. Listen to the Global Economy Podcast
President Barack Obama has announced a major reform of banking regulation to prevent future financial crises. The overhaul will require big banks to put more money aside against future losses to curb excessive risk taking. Consumers will get a special agency to protect their interests and regulate mortgages and credit cards. In outlining the reforms, President Obama described them as the biggest shake-up of the US system of financial regulation since the 1930s.
President Obama announced his proposed new rules for the U.S. financial industry today. Anchor Marco Werman explores the global implications with Grep Ip, U.S. Economics Editor for The Economist magazine. Listen
This week, a day that seemed unthinkable just a few months ago came to pass: General Motors filed for bankruptcy. This, of course, brings up lots of questions. Bankruptcy is an orderly process with some predictability. But what happens when a huge multinational like GM declares bankruptcy? That’s unchartered territory. Listen to the Global Economy Podcast
This week: a four-part series on how the economic downturn is affecting immigrants in California. So, take a quick economic tour of life in the Golden State these days. We talk to Mexican farm workers in the San Joaquin Valley, Asian health care workers in Los Angeles, and nannies in Hollywood. Listen to the Global Economy Podcast
Jason Margolis assumes command of the podcast this week. We take you north to Canada to hear about an effort to “green” a million wartime-era homes. Then, we offer a global assessment of the new fuel efficiency standards announced by the Obama Administration. Listen
Today on The World: What the US can learn from Britain’s auto crisis of forty years ago; Also, why Britain’s school minister wants to import Confucian-style teaching into the country’s schools. Plus, how websites like Facebook and Twitter are affecting Iran’s presidential campaign. Listen
General Motors has filed for bankruptcy protection giving the U.S. government a 60% stake in the company. But GM is a multinational with half of its sales and workers outside the US. The World’s Jason Margolis reports on how GM’s troubles will impact the future of the global auto industry. Listen
Business is actually booming for GM in China. Sales there for the first five months of this year rose by more than a third over the same period last year. Today, GM said its problems in the US will have no impact on its thriving operations in China. The World’s China correspondent Mary Kay Magistad [...]
Anchor Lisa Mullins speaks with British journalist Giles Chapman about the crisis in Britain’s auto industry 40 years ago. Back then, the British government intervened in a big way, just as the US government has done now. Listen
On this week’s Global Economy Podcast, we go digging for precious gems in Afghanistan. Could emeralds and rubies spell sustainability and success for Afghanistan’s economy? Also, we hear how one Mexican restaurateur dealt with the swine flu outbreak, and how many Mexicans are dealing with a credit card crunch. Finally, we compare US health care costs with those in other countries. Listen
In this week’s Global Economy Podcast, it’s all about swine flu. We look at how a swine flu pandemic might affect the global economy, and how the global recession might affect our flu preparedness. Listen
