Tue 14 Jul 2009 | 22:37 EDT
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Global poverty ranks swell

(01:43) Report

Aug 27 - The World Bank said 1.4 billion people lived under the poverty line as it lifted the benchmark to $1.25 a day.

  • On Wall Street, an encouraging economic signal pushed the Dow up 89 points to 11,502.
  • The S&P 500 rose 10 points to 1,281.
  • The Nasdaq jumped 20 points to 2,382.
  • Crude prices rallied $1.88 to settle at $118.15 a barrel.

    Conway Gittens reports from New York

    Speaker: Raymond Carbone, president, Paramount Options

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