Boundary Waters fire a positive for ecology It's the biggest fire the Boundary Waters have seen in more than a century. But historically, big forest fires used to be commonplace in that area. In fact, they're part of a natural process that rejuvenates the ecosystem.7:20 a.m.
Financial Crisis Threatens To Destroy Eurozone
A sense of imminent doom is gripping Europe in the face of a possible Greek default on its debt. The head of the European Commission calls it the most serious problem to hit Europe in a generation, while others have warned of "dramatic economic, social and political costs" if Greece was to leave the eurozone.
Despite Crisis, Do Countries Benefit From Eurozone?
For the last couple of years there has been nothing but frustration for the European countries that use the euro. Josef Joffe, editor of the German newspaper Die Zeit, tells David Greene that debt-ridden countries like Greece 'can't be on the dole forever."
Making It In The U.S.: More Than Just Hard Work
Experts say the widening racial wealth gap is caused by more than just a bad economy. They blame deeply ingrained differences in things such as inheritance, home ownership, taxes and even expectations. Meet two families, one white and one black, whose experiences reflect this widening economic divide.
Rate Of Homeless Female Vets Rises Near Fort Bragg
More than 200,000 women have served in the wars in Iraq and Afghanistan. While their numbers are small compared to their male counterparts, many face the same struggles finding employment and affordable housing. In Fayetteville, N.C., home to the Army's Fort Bragg, the number of homeless female veterans is rising rapidly.
Mortgage Savings: Leaders Seek Refinancing Options
Millions of homeowners can't qualify for current low interest rates. If they could, they'd save hundreds of dollars a month on their home loans, which might give them money to spend elsewhere. The president and lawmakers in both parties want to help more homeowners refinance, but critics say it would come at the expense of investors.
For Joplin's Children, Tornado's Effects Persist
The deadly tornado that hit in May quickly destroyed a third of the Missouri city. But the psychological damage has continued. The city's children are coping with both the unsettling effects of the tornado and what the loss did to their parents.
Swiss Bank Loses $2 Billion In Rogue Trades
Police in London say a 31-year-old man has been arrested in connection with a huge trading loss at Switzerland's largest bank. UBS announced it had discovered a $2 billion loss due to unauthorized trading. The bank may have to report a loss for its third quarter as a result.
Spain's Teachers Protest Contract Changes, Layoffs
The economic crisis in Spain has hit public education where "jobs for life" had been the norm for teachers. As students head back to school, teachers across Spain are demonstrating against layoffs and contract changes.
China Tells Others To Put Financial House In Order
At a World Economic Forum summit, Beijing is making clear its reluctance to take on the role of the global economic savior. At the same time, Chinese business and economic leaders are stressing how large and how crucial a role China plays in U.S. financial stability.
Hasbro Redesigns Easy-Bake Oven, Light Bulb Gone
The famous kids' oven is nearing its 50th anniversary. The new model looks like a curvy, purple toaster oven. The more shocking change is that the incandescent light bulb used to bake the little goodies is gone. Hasbro has installed a heating element similar to what you'd find in a real oven.