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THIS WEEK

How the Housing Boom Led to a Global Banking Crisis

By Aaron Tornell

Editor’s note: Aaron Tornell is a professor of economics at UCLA who concentrates on international finance. His current research focuses on lending booms and international crises. Editors’ World spoke with him about the current crisis, which began as a mortgage meltdown in the U.S. housing market, but has become a challenge to the American and international banking systems.
 


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THIS WEEK IN PRINT
A summary of major articles from the following weekly news magazines: Time, Newsweek, US News & World Report, The Economist, the National Review, The New Yorker, the New Republic and The Weekly Standard. The summary items follow the news but focus on Editors’ World’s priority issues.


Summary of international news stories from five major daily papers: the Los Angeles Times, The New York Times, The Wall Street Journal, The Washington Post and the Financial Times. The summary focuses on Editors’ World’s priority issues as the news permits.

TODAY'S STORY IDEA



GLOBAL MAYHEM

North America

Bush Nominates Petraeus to Lead Central Command
The Washington Post

Asia

Video Showed North Koreans at Secret Syrian Reactor
The Washington Post

Iraq

U.S. Blames Militants Backed by Iran for Recent Baghdad Attacks
The New York Times

Elsewhere in the Middle East

Israeli Claims of Secret Agreement With U.S. Impedes Peace Process
The Washington Post

Africa

No Consensus on Unity Plan for Zimbabwe
The New York Times

CHINA AND INDIA

China Moves to Rein in Nationalist Fervor Before Olympics
The Wall Street Journal

TRADE, MANUFACTURE, AND WORK

Global Run on Rice Reaches U.S.
Los Angeles Times

GLOBALIZATION AND WEALTH

Emerging Economies Plagued by Rising Inflation
The Wall Street Journal

IMMIGRATION AND MIGRATION

Blaming Immigrants When Times Get Hard
The Wall Street Journal