To the Point
Fast-Growing China: A New Crop of Leaders, New Five Year Plan
Far from threatening to overtake the US anytime soon, China is wrestling with major problems that threaten internal stability. We hear what new leadership and the latest five-year plan could mean for China itself and its relations with the rest of the world. Also, Bank of America thaws frozen foreclosures, and Insurance companies and healthcare reform.
By Warren Olney • • 50m ListenFar from threatening to overtake the US anytime soon, China is wrestling with major problems that threaten internal stability. We hear what new leadership and the latest five-year plan could mean for China itself and its relations with the rest of the world. Also, Bank of America thaws frozen foreclosures. On Reporter's Notebook, are insurance companies already exploiting loopholes in healthcare reform? Should President Obama take action?
Banner image: A Chinese bank clerk counts a stack of one-hundred yuan notes for a customer at a bank in Hefei, east China's Anhui province on October 14, 2010. Photo: STR/AFP/Getty Images
In this episode
3 storiesBank of America Thaws Frozen Foreclosures
Widespread reports of improprieties led big banks to suspend foreclosures earlier this month. But Bank of America , which services about 20 percent of the nation's mortgages says it is starting up again. Binyamin Applebaum is domestic correspondent for the New York Times .
Read the story7 minChina: New Leaders, New Plans and Potential Troubles
China's been a major engine of growth in the weakened global economy, but, today, in the hopes of slowing things down, it stunned economists and rattled stock markets worldwide by raising interest rates for the first time in three years.
Read the story34 minShould Obama Order a Freeze on Insurance Rates?
In writing healthcare reform , Congress required that Americans buy health insurance by 2014, but declined to empower the government to set a fair price. One consumer calls it “a potential disaster that the president cannot afford to ignore .”
Read the story9 min
