American Morning
Ali's financial road show
The CNN Express is hitting the road all this week to see if Americans are buying into claims the recession is over.
This morning, CNN Chief Business Correspondent Ali Velshi joined us live from Asheboro, North Carolina with the first part of his series, "Recovery Road."
Obama: Banks 'don't get it'
President Obama is going toe-to-toe with big banks today. With very little leverage and even less to offer, he'll meet with the heads of twelve giant banking firms.
Here's his pitch: make less money, and lend more of it to the American people. It's a tough sell, for sure. Our Suzanne Malveaux has the report.
Health care costs rising in New Year
The New Year will mean health care insurance that is less generous and more expensive for many of us. In other words, you better act now to save money. Our Gerri Willis has some end-of-the-year tips that could save you a lot down the line.
Madoff: Victim vs. victim
By Allan Chernoff, CNN Sr. Correspondent
NEW YORK (CNN) - Bennett Goldworth thought he was set for life when he retired three years ago at age 50. He bought a waterfront apartment at the high-end Four Seasons Condominium in Fort Lauderdale, and said goodbye to New York and his job selling real estate.
"I felt I had everything I wanted in life, which was great," said Goldworth.
A decade of investing with Bernard Madoff had given Goldworth the financial security to enjoy the "good life" in Florida, until Madoff's arrest last Dec. 11. "I didn't just have money stolen, I had my whole life stolen," he said.
Today the condominium is in contract to be sold. Goldworth is living with his father in Manhattan and grateful to be back at the Corcoran Group selling homes again.
He's also among the first to receive a full half-million dollar insurance settlement from the Securities Investor Protection Corporation (SIPC), which insured direct accounts of Bernard L. Madoff Investment Securities. "I'm one of the fortunate ones," said Goldworth at his office where fellow realtors all were trying to sell million-dollar apartments. "I was very happy, very pleased."
But, other Madoff victims - like Judy and Don Rafferty, senior citizens who've had to come out of retirement - have gotten nothing.
Google CEO on job creation
Who better than the man in charge of Google to come up with some new ideas. Google CEO Eric Schmidt was at the president's job summit last Thursday, and he says the jury is still out on his plan.
Our Kiran Chetry sat down with Schmidt and asked him where the jobs are and how the president should spend the remaining bailout cash.
CNNMoney: Need jobs now – White House
Crib recall: 2.1 million deemed unsafe
By Aaron Smith and Ben Rooney
NEW YORK (CNNMoney.com) - The federal agency in charge of product safety announced the recall of 2.1 million cribs Monday, citing defective hardware that can cause toddlers and infants to suffocate.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/11/24/crib.art.jpg caption="Drop-side cribs have been recalled by the thousands this year due to hardware malfunctions that could cause infants to be wedged between the mattress and crib wall."]
The Consumer Product Safety Commission said parents should immediately stop using Stork Craft drop-side cribs, which are made by Stork Craft Manufacturing Inc., of British Columbia, Canada.
About 1.2 million of the cribs have been distributed in the United States and 968,000 units distributed in Canada.
The recall includes about 147,000 Stork Craft drop-side cribs with the Fisher-Price logo, the CPSC said.
The cribs were sold at major retailers including Sears and Wal-Mart and online at Amazon.com and Target.com between January 1993 and October 2009.
The CPSC said the cribs' drop-side, which is attached with plastic hardware, can detach unexpectedly and create a space between the crib wall and the adjacent mattress. Infants and toddlers can become trapped in the space and suffocate or fall to the floor, the agency said.
Don't Miss: Read the safety release from the U.S. Consumer Product Safety Commission
There have been 110 documented incidents of drop-side detachment, including 67 in the United States and 43 in Canada. Among those, four resulted in suffocation and 20 resulted in falls that caused injuries ranging from concussion to bumps and bruises.
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