Fallout: The Financial Crisis
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Descending from a pillar of debt
May 22, 2009
When Sabrina Reigel moved to Southern California, she had no friends, lots of free time, and quickly racked up $40,000 worth of credit card debt. She talks about how she worked down her massive premium without losing her sanity.
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It's an automobile buyer's market
May 22, 2009
The auto industry has been through some pretty tough times as of late. But Phil Reed of Edmunds.com says these harsh economic days equal better deals for consumers on the lookout for their next car or truck.
Mark Ralston/AFP/Getty Images
How retailers plan to lure shoppers
May 22, 2009
Memorial Day weekend traditionally marks some of the deepest discounts of the year. But in a recession, prices are already low. What can retailers do to attract shoppers? Joel Rose reports.
Weekly Wrap: A reality check
May 22, 2009
T. Rowe Price's Andy Brooks and Fortune magazine's Leigh Gallagher talk with Kai Ryssdal about how to characterize what's going on in the market, and double checking optimism in the economy.
Is life a beach for Maryland store?
May 22, 2009
Many people take the time to get away on Memorial Day weekend. Is it the same during a recession? Perry Pillas owns a beachfront store in Maryland and talks with Kai Ryssdal about how his business is doing.
The dollar is losing some of its strength
May 22, 2009
The U.S. dollar was remarkably solid during much of the past year. But now the greenback has hit a low for the year and is on track for its biggest weekly fall in two months. Jeremy Hobson reports.
BankUnited failure will cost billions
by
Dan Grech
May 22, 2009
Flordia's BankUnited had $13 billion in assets, but its demise will end up costing taxpayers nearly $5 billion. The bank has been sold to investors and re-opens today under the same name. Dan Grech reports.
For public good, not for profit.
Indiana town builds hope on machinery
by
Kai Ryssdal
May 21, 2009
Muncie, Ind., was once a manufacturing hub, but the recession has taken nearly all of those jobs away. So the city is banking on a new piece of machinery to help get it somewhat back on track. Kai Ryssdal reports.
Commission to look at causes of crisis
May 21, 2009
A new commission will look at what caused America's financial crisis. Sen. Kent Conrad helped co-author the bill to create the commission and talks with Kai Ryssdal about what he expects to find.
U.K. outlook downgraded, U.S. next?
May 21, 2009
Standard & Poor's has downgraded the UK's economic outlook from stable to negative. Could the U.S. be next? Stephen Beard reports.