All Blog Posts from Couric & Co.

I visited the camp for our "Children of the Recession" story which airs tonight on We wanted to explore whether the recession has prompted more parents and teachers to start teaching kids Finance 101.

At least 50 eight and nine year olds were seated on the floor in front of me and I asked them questions such as: why is it important to save, what's a credit card, etc. but then I wondered if any of them actually knew someone who lost a job so I asked.

I never expected such a huge response.

Easily, three-quarters of them raised their hands.

Read full post…

The heads of the nation's biggest banks sat down with Bush administration officials at the Treasury Department today to talk about how to implement the $700 billion rescue plan.

One thing on the agenda is giving the government an ownership stake in some failing banks. In exchange for handing over taxpayer money, Washington would receive stock in the banks, which could be sold for a profit if it goes up in value.

Supporters say it could be a good deal for taxpayers and may be the only way for some banks to stay in business. But critics argue the government has already spent too much bailing out Fannie Mae, Freddie Mac and AIG.

It's worth noting this is being done under a Republican administration. Republicans usually want less government, not more. But this credit crisis is our most serious economic challenge in 75 years. The usual remedies haven't been working this time.

Read full post…

Earlier today, Mark Phillips, a CBS News correspondent based in London, sent in to CBSNews.com a rather clever story about the much-changed reputation of British Prime Minister Gordon Brown. Check out a snippet below, or read the full story right here.

---

The question came from a Swedish reporter in the back of the room. "Would you like to be called Flash Gordon Brown now, or just Gordon?"

"Just Gordon," said Brown.

This exchange took place as the British Prime Minister was taking questions from foreign reporters at a meeting in London a day after his government had poured $63 billion into buying bank shares and his partial-nationalization scheme was being credited with finally stopping the decline of world markets.

Read full post…