Economy Sep 08 Watch Megacities Reflect Growing Urbanization, But Poverty Still Rampant The World Bank says Dhaka, the capital of Bangladesh, is the fastest growing city in the world with a population of 15 million. But as more of the world's impoverished flee to megacities for economic opportunities, the perils of urbanization…
Economy May 20 Why Were Banks Allowed to Bet on Derivatives? Question: How did the dollar volume of U.S. mortgages get to be such a huge dollar problem? Did derivatives do that? Why are investment banks allowed to bet 34 dollars for only one they have? Paul Solman: First, a word…
Economy Dec 18 Watch Fed Backs New Rules Aimed at Curbing Risky Home Loans The Federal Reserve proposed new mortgage regulations Tuesday that would help protect home buyers from shady lending practices following losses suffered in the risky "subprime" home loan category. A Wall Street Journal reporter looks at the recent mortgage crisis and…