Commentator David Frum says that buying local is laudible, but globalization of the consumer economy has brought unprecedented wealth to more people than ever before. So, do we really want to repeat ancient history?
The northern Washington town of Bellingham may be the epicenter of a new economic model for a post-consumerist economy: Locally produced goods and services focused on what surrounding communities need and can sustain.
President Bush today announced plans intended to make Thanksgiving air travel go more smoothly. He also proposed longer-term regulatory changes to make sure passengers are treated more fairly by the airlines. John Dimsdale reports.
A bond fund managed by General Electric has had its value fall below 100 cents on the investor's dollar, setting off some alarm bells. Amy Scott reports.
Finance leaders from industrialized and major emerging economies are converging on Cape Town, South Africa for meetings of the Group of Twenty, or G-20. Gretchen Wilson reports that Africa is getting more notice thanks to a strain on global resources.
In an effort to make sure the subprime mortgage meltdown doesn't happen again, the House was set to vote today on a bill that would lay down rules for lending. Stacey Vanek-Smith reports.
The generals who run Burma's military junta also control a company known as Myanmar Gem Enterprise, whose sales of precious stones bring nearly $300 million into the Burmese economy every year. But the haul might be a little lower this time around. Alisa Roth reports.
The Afghan-American Chamber of Commerce is trying to increase foreign investment in Afghanistan. They're not having much luck while the shooting's still going on, but they've got some ideas they're working on. Paul Brandus reports.
