To the Point
Is the US Leading the Way to a Global Recession?
The globalized economy means that America's financial problems could spread to the rest of the world. The International Monetary Fund says there's a one-in-four chance of a global recession, as finance ministers meet in Washington to decide what to do. How closely linked are the world's economies? Will there be winners as well as losers? Should Americans be worried? Also, an update on the situation in Zimbabwe, and pirates, hostages and big money for ransom.
By Warren Olney • • 1h 0m ListenThe globalized economy means that America's financial problems could spread to the rest of the world. The International Monetary Fund says there's a one-in-four chance of a global recession, as finance ministers meet in Washington to decide what to do. How closely linked are the world's economies? Will there be winners as well as losers? Should Americans be worried? Also, an update on the situation in Zimbabwe, and pirates captured after releasing 30 hostages.
In this episode
3 storiesMugabe Snubs an Emergency Regional Summit
The opposition to Zimbabwe's President has called for a general strike starting on Tuesday. Robert Mugabe says he won't attend a much-awaited summit with other African leaders. He's banned all political rallies, and human rights groups report that he's launched a campaign of systematic violence.
Read the story6 minIs the US Leading the Way to a Global Recession?
The International Monetary Fund says America's financial crisis is so bad it will damage the rest of the world -- except for the Middle East and Asia. This as finance ministers from the major industrialized countries have gathered in Washington to figure out what to do.
Read the story35 minThe Pirates of Somalia
Off the coast of Somalia today, French troops captures six pirates after they released 30 hostages who'd been held on a tourist yacht. France claims no public money was used to pay ransom, but the boat's owners may have handed over some money.
Read the story9 min
