Marco Werman talks with Behavioral Economics professor Dan Ariely about consumer spending habits in uncertain times.
A German composer set stock charts and financial data to music. The video became a YouTube hit.
Rome is counting the cost of its worst violence in years, which erupted on a day of global protests over austerity and banking practices.
The ‘Occupy Wall Street’ protests may be entering their second month but student protestors in Chile are on month five and counting.
British writer and activist Laurie Penny, who has been at recent anti-austerity protests in Europe is now at the Occupy Wall Street demonstration.
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Soy farmers in Argentina have been watching the weather. It’s been a dry summer and soy crops are important to Argentina’s economy. But it’s not just the weather that farmers have to worry about – it’s also Wall Street speculation. Julia Kumari Drapkin reports. Download MP3
For years, Greece spent more than it had. This month, the inevitable happened. Greece’s bills were about to come due and the country didn’t have enough money to pay them off. At the last minute, the European Union and the International Monetary Fund came to the rescue with loans. The World’s Gerry Hadden has been reporting from Greece on the repercussions of the debt crisis and the country’s efforts to deal with it.
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One of the largest concentrations of Greeks outside Greece is in Queen’s, New York – specifically the area known as Astoria. So what do they make of the financial troubles back in the old country? The World’s Alex Gallafent went to find out. Download MP3 (Photo: Alex Gallafent)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.
Stock markets have fallen back after shares across the world surged on Monday in the wake of a deal to tackle Europe’s debt crisis. In London, shares fell 1% after rising 5% on Monday, while in Paris, they lost 0.7% after soaring 9% the previous day. Stocks in the US and Germany saw small rises. Marco Werman talks to MIT economist Kristin Forbes about the European bailout and what it means for the global economy. Download MP3 (flickr image:Blatantworld)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.
Global stock markets have soared after the European Union and International Monetary Fund intervened to stop the Greek debt crisis spreading. Wall Street traded 4% up, after a 5% rise on the main UK and German stock markets, and a 9% surge in France. On Sunday, the EU and IMF agreed a 750 billion euro ($975 billion) loan-guarantee deal. Marco Werman talks with Ken Rogoff, a former chief economist for the International Monetary Fund. Download MP3 (flickr image: giorgos_vr)
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.
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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 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.
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 MP3
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