Greece's economic woes worry global financial markets; Florida Governor Charlie Crist may run for Senate as an independent; technologies and techniques for containing the oil slick in the Gulf of Mexico; the ongoing fight against childhood obesity in America; author Jeffrey Eugenides on his hometown, Detroit.
Professor of economics at Harvard and former chief economist at the IMF, Kenneth Rogoff, joins us to explain the latest in Greece; this morning's headlines.
Greek's debt crisis has the European Union worrying about a possible domino effect. Spain and Portugal have already seen their credit ratings downgraded, and Ireland and Italy may be next. Some fear that Greece's crisis may deal such a sharp blow to confidence in the global credit market that we see a repeat of the global financial crisis.
Thousands of African-American farmers are still waiting to receive $1.25 billion in government settlement money stemming from years of discriminatory loan practices by the United States Department of Agriculture. Congress had until March 31 to appropriate the funds but went on a two-week recess without addressing the issue. Takeaway Washington correspondent, Todd Zwillich, joined a group of black farmers during a frustrating day on Capitol Hill as they tried to find out if they would ever get paid.
Tuesday, the board of supervisors in Santa Clara County, California, decided to take a step further in the fight against obesity: they banned toy giveaways with kids' meals that don't meet certain nutritional standards. (Overall calorie count and salt content chief among them.) This is the latest attempt in a series of measures taken by counties, cities and states to combat obesity, and is widely seen as specifically targeting McDonalds' Happy Meals.
On Thursday, Interior Secretary Ken Salazar announced that the federal government would green light construction of Cape Wind, the nation’s first off shore wind farm.
Author Jeffrey Eugenides was born and raised in Detroit and the city often becomes a central character in his writings. (He lives in Princeton, New Jersey, these days.) He’s based both of his novels, Pulitzer Prize-winning "Middlesex," and "The Virgin Suicides
," in the Motor City. He says as a native Detroiter it's still easy for him to love his home town: more so, perhaps, than the average outsider.
Former Congressman from Connecticut, Chris Shays brings his perspective to Crist's decision to change parties; this morning's headlines.
Florida Governor Charlie Crist is expected to announce he is leaving the Republican Party today, and officially begin his campaign for U.S. Senate as an independent. This move comes as polls show Crist trailing challenger Marco Rubio badly in the Republican primary.
Robert Bobb, emergency financial director of the Detroit public school system, will reinstate an extended-day program for students who are struggling academically, the district announced on Wednesday. It was the latest in a series of fiercely pitched battles between Bobb and the Board of Education, which has sued Bobb, alleging that he has overstepped his mandate by attempting to make changes to the school's academic programs.
A report released by the Pentagon today brings bad news about the U.S. effort in Afghanistan. The biannual survey of Security and Stability in Afghanistan says there have been improvements in some areas, but that support for the Afghan government remains weak, with less than a quarter of the Afghan population in key districts supporting President Karzai's government.
After blocking the debate for three days, Republicans in the Senate finally agreed last night to let Democrats move to a debate on the financial overhaul bill. However the Republicans still oppose much of the overhaul bill and have enough power to ultimately filibuster its passage.
Last week’s oil rig explosion in the Gulf of Mexico has resulted not only in lost lives, but in a steady flow of leaking crude oil that could threaten coastal areas, wild life, and marine life. The well head continues to leak about 42,000 gallons of oil per day, or roughly the volume of seven tanker trucks. The slick has spread out over the water and still threatens to drift into Louisiana's marshland. We look at the technologies being enlisted to combat this enormous oil slick.