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recession
Iceland’s debt clouds country’s future
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Iceland’s population is only about 317,000 people. Many are worried that the country’s current debt crisis will force the best and brightest to leave Iceland in search of work. Unemployment in Iceland has risen from one to ten percent just in the last year. But some young Icelanders, like Oern Haroldson (pictured), aren’t waiting for the government to get its economic house in order. The World’s Gerry reports. Download MP3
German pensioners ‘kidnapped financial adviser’
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It sounds like a plot line for a movie. Four disgruntled senior citizens kidnap and hold hostage their financial advisor after losing a bundle in the US property market. Except it’s not a movie: Two married couples in the German state of Bavaria are accused of the crimes. They’re now on trial (Courtroom photo: Jörg Koch/AFP/Getty Images). Marco Werman finds out more from Bavarian Radio reporter Annette Kuglar. Download MP3
Mississippi export boom
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US exports took big hit during the recession. In the first three months of this year, exports were down in 49 states. Only Mississippi did well. At left, a ship filled with Mississippi products readies to leave the port of Pascagoula for an overseas destination. The World’s Jason Margolis explores this southern success story. Download MP3 (Photo: Jason Margolis)
One Spanish town’s recession
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In Spain, the economic crisis is hitting small towns particularly hard. Many villages got rich during the country’s housing boom. And they assumed they’d keep getting richer. So they borrowed lots of money. But then real estate went bust and their collateral, undeveloped public land, lost its value. Now, basic public services such as trash pick-up are going neglected in places such as the tiny mountain village of Collbato, in northeast Spain. The World’s Gerry Hadden just returned from Collbato, and has the story. Download MP3 (Photo: Gerry Hadden)German elections
German Chancellor Angela Merkel has outlined plans to form a swift coalition with the Free Democrats after a major win in the general election. Merkel said the result was a great vote of trust, and that a government would be formed by November. Voters were concerned about Germany’s involvement in Afghanistan and the bad economy.
Overhauling America’s financial system
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President Barack Obama has called on Congress to approve an overhaul of the US regulatory regime. In a speech marking one year since the collapse of Lehman Brothers bank, he also mounted a vigorous defense of his administration’s economic policies. Marco Werman talked with the BBC’s Economics Correspondent Andrew Walker (AP Photo/Alex Brandon) Download MP3 Wall Street still central to global economy
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There’s been speculation that we’re watching the demise of Wall Street dominance, that foreign banks may swoop in and steal business and talent from weakened American banks. Will New York remain the center of banking? The World’s Jason Margolis looked at that question. Download MP3State of the recession
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Anchor Marco Werman checks in with Time Magazine economics columnist Justin Fox on the state of the global recession.
LEGO sales snappy despite recession
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Retail sales worldwide are not exactly having a banner year. That’s as true for toys as it is anything else. Except for LEGOs, that perennial kid (and grown-up) favorite. LEGO reported a 23 percent rise in profits during the first half of 2009, despite a world-wide recession. Jorgen Vid Knudstorp, CEO of LEGO, spoke to us from the Czech Republic. Photo: Niels Aage Skovbo. >>> Watch some LEGO films!
LEGO profits beat recession
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In spite of the global recession and tough competition from the computer gaming world, profits for the toymaker LEGO jumped 23 percent during the first half of this year. Anchor Lisa Mullins speaks with Lego’s CEO Jorgen Vig Knudstorp.
President’s new financial rules
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
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Immigration in times of recession
It’s always hard to be an immigrant. But it’s gotten harder during the recession. This four-part series looks at working conditions for immigrants in America’s stalled economy. The World’s Jason Margolis traveled to Southern California to speak with immigrant workers from the Philippines, Mexico and Central America.
Swine Flu and the Global Recession
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
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