One of the UK’s most influential groups of economists has issued a dire warning about the state of the UK’s finances. Ernst and Young calls it an economic horror movie. Report author Professor Peter Spencer explained what he meant to Michael Wilson.

The slowing economy is weighing heavily on the minds of consumers and economists as new signs point to more trouble ahead. Jeff Glor reports.

July 8, 2008
Powder Springs, Georgia

“Brazil is insulated from the global panic”; Wagner Monte on narcocops in the Green Zone of Rio; behind the scenes at Google Brasil.