Former Fed Chair Alan Greenspan told Congress Thursday the economic crisis unveiled “a flaw” in his view of world markets. Economic analysts discuss his testimony and legacy.
A San Diego charter high school is aiming to close the education gaps between students of immigrant families and their counterparts by motivating them to acquire business and science skills and pursue college degrees. Paul Solman offers the latest in a series of reports on this education initiative. Continue reading
As the U.S. grapples with an economic slowdown and a housing slump, financial leaders are rethinking their strategies. Financier and author George Soros reflects on the changing business trends and details his new book, which examines the “credit crash” of 2008. Continue reading
After many world financial markets suffered their biggest losses Monday since the Sept. 11 terrorist attacks, the Federal Reserve slashed a key interest rate by three-quarters of a percentage point on Tuesday — its biggest cut in more than 23 years. Continue reading
In an effort to revive the suffering economy in Zimbabwe, President Robert Mugabe announced plans to push toward nationalizing foreign firms. A professor and African policy expert consider the impacts on the African country. Continue reading
Conservative candidate Nicolas Sarkozy vies with socialist Segolene Royal, who is campaigning to become France’s first female president, in France’s runoff presidential election on May 6. Margaret Warner reports on the election from France. Continue reading