Head of The Principality Says Old-fashioned Values “could Relieve Credit Crunch”

The head of Wales’s biggest building society has called for a return to “good old Welsh thrift” as a way to beat the credit crunch. Peter Griffiths, Chief Executive of The Principality, tells BBC Wales’s current affairs program...

Food Stamp Use Reaches An All-Time High

The economy is undoubtedly puttin’ the hurt on people. New numbers are showing that food stamp use is at an all-time high, reaching deep and wide into new groups of people who never thought they’d use government assistance.

US Dollar Drops to 12-Year Low Against Japanese Yen

The U.S. dollar dropped to a 12-year low against the Japanese yen, and also sank to new lows against the euro and other global currencies. As Naomi Martig reports from Hong Kong, stock markets in Asia also sold off, in part because of the weak dollar...

Credit Crunch – Political Opinion

The economy is undergoing a “slowdown” according to President Bush, a “recession” according to 61 percent of Americans. Regardless of the name, 83 percent of Americans rate the economy as only fair or poor, “and almost two...

Survey Shows Economic Depression Likely

A majority of Americans surveyed say they believe the U.S. economy will fall into an economic depression, according to a new opinion poll conducted by Housing Predictor.