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Banks grapple with big losses but still award huge bonuses

How You See It

Banks grapple with big losses but still award huge bonuses

The Royal Bank of Scotland has become the leading symbol of the U.K.'s banking crisis. RBS announced more big losses this week yet still found room to award its employees almost $2.5 billion in bonuses. That has sparked a good deal of outrage. The bank's rationale for the bonuses is similar to what many U.S. banks have said to justify big payouts.

Posted: February 26, 2010 14:20   Comments: 61
Wall Street firms play a role in Greece’s financial crisis

Interview

Wall Street firms play a role in Greece’s financial crisis

Federal Reserve Chairman Ben Bernanke said today he is looking into whether Goldman Sachs and other Wall Street firms may have helped push Greece toward a ruinous level of debt through the use of credit default swaps. For more, Martin Savidge speaks with Roben Farzad, a senior writer for Bloomberg BusinessWeek.

Posted: February 25, 2010 17:11   Comments: 5
Siberian indigenous group threatened in northern Russia

Video

Siberian indigenous group threatened in northern Russia

Our Worldfocus series Indigenous Cultures continues with a look at the Khanty people, who live inside the Arctic Circle in Russian Siberia. We chose this story because it illustrates how the drive toward what is often called "progress" can threaten a traditional culture. Jonah Hull of Al Jazeera English reports on the Khanty people of northern Siberia.

Posted: February 25, 2010 17:01   Comments: 7
Bloggers weigh in on Greek economic woes

Blogwatch

Bloggers weigh in on Greek economic woes

Greece is continuing its struggle against debt that is threatening the entire eurozone economy. U.S. and European stocks fell amid concern that Greece will not be able to meet its budget deficit targets. We offer a wrap-up of online commentary.

Posted: February 25, 2010 16:37   Comments: 0
Economic contagion spreads throughout Eurozone

Interview + Video

Economic contagion spreads throughout Eurozone

A wave of unrest is building across Europe, as governments there seek to impose austerity measures. Several European countries -- Greece, Spain and Ireland -- are deeply in debt and under intense pressure to slash spending. For more, Martin Savidge interviews John Authers, and Deutsche Welle reports from around Europe.

Posted: February 24, 2010 17:17   Comments: 20
Turkish government arrests alleged coup conspirators

Interview

Turkish government arrests alleged coup conspirators

On Monday, the Turkish government arrested 51 high ranking military officers who were allegedly part of a plot to overthrow the democratically elected, Islamist-leaning government. Martin Savidge speaks with Dr. Ömer Taşpınar, the director of the Turkey Project at the Brookings Institution, for insight into the issue.

Posted: February 24, 2010 17:04   Comments: 0
Rescue efforts underway after severe flooding in Madeira

Video

Rescue efforts underway after severe flooding in Madeira

In Portugal, rescue teams continue to look for people still missing after severe flooding and landslides that killed at least 42 people over the weekend on the island of Madeira, where the government announced three days of mourning. Torrential rains destroyed buildings and took out bridges. Our German partner Deutsche Welle reports on the devastation.

Posted: February 22, 2010 16:40   Comments: 2
Marijuana laws loosen gradually around the globe

Web Original Maps

Marijuana laws loosen gradually around the globe

During a recent upswing in drug violence in Mexican border towns, many critics of the drug war called for a change in U.S. policy toward marijuana use. Meanwhile, New Jersey just became the 14th U.S. state to allow marijuana for medical use. View our maps to compare current U.S. marijuana policy to laws in Europe and the rest of the world.

Posted: February 19, 2010 14:53   Comments: 20
Travel the Trans-Siberian Railroad with Google Maps

In the Newsroom

Travel the Trans-Siberian Railroad with Google Maps

Google and Russian Railways have teamed up to provide a virtual tour of the world's longest continuous railroad. Worldfocus researcher Christine Kiernan explains how you can take one of the great train journeys of the world without leaving the comfort of your home.

Posted: February 17, 2010 14:26   Comments: 2
Drone war forces resurgent al-Qaeda to rely on franchises

Blogwatch

Drone war forces resurgent al-Qaeda to rely on franchises

The drone war in northwest Pakistan has brought attention to the attenuated al-Qaeda core that moved from Afghanistan in late 2001. But two events in December -- a failed Christmas Day bombing and an attack on CIA operatives in Afghanistan -- have led analysts to re-assess al-Qaeda's perceived decline. Worldfocus takes a look at the organization's evolution.

Posted: February 16, 2010 13:04   Comments: 5
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