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.
Treasury Secretary Henry Paulson called for tougher rules for mortgages lenders Thursday, while investment fund Carlyle Capitol faced collapse after defaulting on $16 billion in debt as a string of new reports this week signaled continued weakness in the U.S. economy. Economic experts offer insight. Continue reading