Financial Markets Respond To U.S. Credit Downgrade
Asian investors are worried about their exports to America. Europeans are responding to their own continent's debt, even as they react to Standard and Poor's downgrade in its rating of U.S. Treasury bonds.
Military Community Mourns Death Of Navy SEALs
Thirty Americans were killed Saturday when their helicopter came under fire during an operation in eastern Afghanistan. A majority of the Navy SEALs who died were based in Norfolk, Va.
Big, Fat Stereotypes Play Out On The Small Screen
From The Honeymooners to The Biggest Loser, television has rarely dealt sensitively with issues of weight. As part of an ongoing series on obesity in America, Alex Cohen explores the limited number of roles for overweight actors — from "bumbling husband" to "sassy best friend."
Spaniards Learn German In Hopes Of Getting A Job
With Hollywood movies dubbed over in Spanish and steadfast trade with Latin America, Spaniards haven't needed to be bilingual until now. Globalization and a recession have sparked a run on language classes in Spain. But it's not English proficiency they're after. German academies are seeing a surge in enrollment, as Spaniards look northward for jobs in Europe's strongest economy.
Debt Downgrade Moves Investors To Precious Metals
For the first time, the price of gold soared to a record high of $1,700 an ounce in Hong Kong. Gold prices are up 21 percent so far this year. The price of silver also rose, and was up more than 5 percent on the Asian markets. Investors flee to the safety of these commodities when they're nervous about currencies.
Europe's Central Bank To Buy Bonds To Steady Stocks
Spanish and Italian stock markets are leading European markets higher after the European Central Bank signaled it would buy the two countries' bonds in order to lower their borrowing costs. There had been concerns that Italy and Spain would not be able to pay their debts.
NFL To Refund Cost Of Hall Of Fame Game Tickets
The NFL canceled the Hall of Fame Game in Canton, Ohio, over the weekend because team owners and players didn't reach a new contract agreement in time. About 14,000 tickets had already been sold. The NFL is providing a full refund. The induction ceremony went on as scheduled.
Economists Cast Opinions On S&P During Fishing Trip
Turmoil in the financial markets has coincided with an annual fishing trip for economists and top executives deep in the woods of Maine near the Canadian border. While the economists were together, Standard and Poor's took the unprecedented step of downgrading the U.S. government's credit rating.