In the headlines, 2/17. The economic stimulus package passes Congress and the next step is Presidential signature.
It is good to see a bill finally passed. This may not have been the best model to begin bipartisanship.
In the Headlines, 2/17. Two satelites collide over Siberia.
The economic stimulus package includes a "Buy American" clause many U.S. industries lobbied for. Lesley Stahl reports that businesses that export overseas fear foreign governments will retaliate and keep U.S. products out of their market.
In the Headlines, 2/18. The global economic crisis is now at the top of the list of natinal security concerns. More threatening than terrorism according to Dennis Blair.
The global economic downturn could easily change the world. Previously stable countries could become unstable. The geopolitical lineup could shift sharply, some countries becoming more powerful while others get weaker. Allies could turn into adversaries.
The key factor there is the duration. Gordon agrees that a long recession would be hard for countries to manage.
Throughout history, wars have often been preceded by serious economic crises. World War II followed the Great Depression, for instance.
This is why the "buy american" clause in the stimulus law, might benefit NUCOR steel but hurt the overall economy.
In the Headlines, 2/19. Inventor of a poosible cure for cancer John Kanzius dies at the age of 64.
Debate has emerged as to whether President Obama?s mortgage relief plan will actually be enough to stop the millions of homes now in danger of foreclosure in the near future. Anthony Mason reports.
President Obama has unveiled a $75 billion rescue plan to help homeowners who face foreclosure or whose houses are worth less than their mortgages. Chip Reid reports from Phoenix, Ariz.
Three years before the housing market crash, Paul Bishop says he warned his superiors at World Savings that many of the mortgages they were granting were misleading and predatory.
In the headlines 2/18. Buffalo man charged with beheading his wife.
In the headlines 2/18.
In the headlines. 2/18.