What exactly is a Eurobond and why are so many people interested in having them? Sr. Producer Paddy Hirsch explains with a little help from the three little pigs.
Barclays Bank, based in London, is paying $450 million to settle securities investigations in the U.S. and the U.K. Regulators accused the bank of manipulating a critical interest rate — the so-called "Libor" rate — to its own advantage.
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
Spain's debt costs are rising and some fear the nation may soon need a full-scale bailout. Sr. Producer Paddy Hirsch explains the big problem with Spain, using a housing analogy.
Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? Senior producer Paddy Hirsch explains their actual definitions.
