Raymond Thibodeaux

The $65 billion global diamond industry has taken a big hit in the downturn. Prices have fallen by a third since August. That's bad news for India, where more than 70% of the world's diamonds are cut and polished. Raymond Thibodeaux reports.

The U.S. Food and Drug Administration opened field offices internationally after several scares over tainted drugs abroad. Critics say the increased scrutiny feels like a crackdown. Raymond Thibodeaux reports.