Boom Bust: UN warns of ‘third phase’ of 2008 financial crisis

The South African Reserve Bank left interest rates unchanged, citing low expectations for growth. Ameera David has the details, PLUS an interview with South African Minister of Trade and Industry, Dr. Rob Davies. Bianca Facchinei then examines the U.S. Department of Education’s decision to go after for-profit college ‘accreditor’ ACICS, which the agency is accusing of malpractice. Then, Simone Del Rosario joins with the latest on the massive Yahoo! data breach, and the new rumors of a possible Twitter buyout.

After the break, Victor Matheson, Professor of Economics at College of the Holy Cross, tells Edward Harrison why he thinks taxpayer subsidies of sports stadiums do not provide the positive economic impact that many promise. And finally, in The Big Deal, Edward takes a look at a new UN report warning of the “real danger of entering a third phase of the [2008] financial crisis.”