Economy Highlights

Kofi Annan delivers a talk at Saint Xavier University on "The Five Rules of International Diplomacy," a call for multilateralism and a renewed faith in a global approach to tackling the world's problems.

In South Texas, the Eagle Ford shale formation is attracting more than a dozen companies which plan to drill thousands of wells - creating an instant boom in job creation.

Are we headed for another recession? Why can't we get the economy moving again? And what's an investor to do? Jack Otter interviews T. Rowe Price fund manager Steve Huber.

Stratfor's Vice President of Analysis Peter Zeihan examines the recent downgrade of France's credit rating and France's need to restore the perception of equality between itself and Germany.

As Jill Schlesinger reports, economic growth depends on consumers pulling out their wallets. But prices are up on many back-to-school essentials, and retailers are anxiously waiting to see how much shoppers will spend.

Biotech companies addressing unmet medical needs with novel treatments can be a great source of growth in a slow-growth environment, says Evan Bauman of Legg Mason ClearBridge.

Is the new Silk Road--the flow of oil and gas from the Middle East to Asia, and Asian goods flowing to the Persian Gulf--a new foundation for the world economy or a marriage of convenience?

Chris Wragge and Erica Hill talk to New York City Mayor Michael Bloomberg about what's causing the market to spiral.

Robert Reich Dismisses Trickle-Down Theory Commonwealth Club - The Commonwealth Club of California Robert Reich discusses What's at Stake in the Election: Trickle-Down Versus Bottom-Up EconomicsThe state of the economy and the welfare of American jobs are pressing issues in the current election cycle.Former secretary of labor and author of multiple best sellers, Reich warns that the trickle down theory doesn't work in a globalized world.

Reason's Nick Gillespie sat down with Schiff at July's FreedomFest in Las Vegas. Schiff, whose most recent book is How an Economy Grows and Why it Crashes, says that the economic downturn of 2008 is only a mild preview of what's in store for the U.S. economy in the future and predicts much higher unemployment and huge inflation over the next few years. The only way out of this mess, says Schiff, is for the government to get out of the way and let the inevitable market correction occur.