A Dollar for a Home?

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Just as it seemed the world's markets were climbing out of the recession, they seem to be falling victim to the turmoil in the Middle East. Equity markets have been tumbling, gold is on the rise as is oil and investors are running for the safety of US Treasuries. Anne Richards, Chief Investment Officer of Aberdeen Asset Management, tells us just how concerned markets are about western intervention in Syria.

Plus we travel to the US to the town of Gary on the shores of Lake Michigan. Poster boy for the US recovery it isn't. More a symbol of the country's manufacturing decline. But in the post-industrial landscape, one woman is tempting people back by selling off its rundown homes for a dollar each. The city's Mayor, Karen Freeman-Wilson, tells us more.

And we also hear from Wycliffe Muga in Nairobi, who fears US legislation might be about to kill off Kenya's dream for its own silicon savannah.

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18 minutes

Last on

Thu 29 Aug 2013 07:32 GMT

Business Daily Podcast

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