Jeffrey Brown talks to James Wolfensohn about his memoir, “A Global Life,” and his 10 years at the helm of the World Bank. Wolfensohn, who grew up in Australia, worked in London and on Wall Street, reflects on the increasing globalization and interconnectedness, both financially and culturally, that he witnessed in his career. Continue reading
Over the weekend, China flexed its economic and military power when Japan gave into demands by releasing a trawler captain. Margaret Warner examines China’s growing assertiveness in the region. Continue reading
The 2008 downfall of financial giant Lehman Brothers prompted global efforts to avoid another international financial crisis. Two financial reporters, John Cassidy and Andrew Ross Sorkin, talk about what we’ve learned in the two years since Lehman’s collapse and what’s been done to avoid a similar instance. Continue reading
“Globish” Author Robert McCrum explains to Ray Suarez why the English language went global and how it has become the first worldwide language. Continue reading
Editor’s Note: Paul recently answered “Five Good Questions” on the economy for the PBS Engage blog. You will also be able to find those answers here on the Business Desk all week. Question/Comment: How does our economy being more globally … Continue reading
Paul Solman revisits the port of Long Beach, Calif., just a year after first reporting there, and finds fields of unsold Mercedes and tracts of Toyotas. Read the transcript here.
Retail sales endured a 2.8 percent drop last month — their largest plunge on record, the Commerce Department reported Friday. Continue reading