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Boeing lost a lucrative aircraft contract Friday with the U.S. military. The $40 billion deal was instead awarded to a consortium of businesses that includes Boeing's chief rival, European-owned Airbus. Europeans reacted with glee over the prospect of new jobs and an economic boost.

A local community newspaper, the OB Rag, has stirred up a hornet's nest in Ocean Beach. The OB Rag's blog posts encouraging a local store to stop selling stickers that say "Welcome to Ocean Beach/Please Don't Feed Our Bums," has divided the community over how to deal with its local homeless population. We speak to the blogger who originally wrote about the controversial stickers, and the executive director of the Regional Task Force on Homelessness.

The Federal Reserve is expected to cut interest rates Wednesday by at least a half-percentage point to 1 percent. Economists believe the Fed will cut rates because of the current financial turmoil and fears that there might be a prolonged recession.

Energy prices continued to soar in 2007, with oil edging toward $100 a barrel. Economists are increasingly convinced that high prices are here to stay. Energy demand from the developed and developing world is outstripping new sources of oil.

The U.S. government says about 75 million travelers crossed the northern border in the last fiscal year, less than the 87 million who came by air. Both are dwarfed by the number of visitors crossing the southern border with Mexico: 234 million. One busy point of entry for travelers is Nogales, Ariz.

Existing single-family home sales rose nearly 20 percent over just the past couple of months. But prices in most places are not going up, thanks to a glut of foreclosures. Still, housing construction is expected to go from being a big drag to being a small positive.

Venezuelan President Hugo Chavez says he is removing his ambassador from Washington until a new U.S. administration is in place. A multilateral approach to the dispute is necessary, a State Department official says.

After months of financial instability, Greece is at the tipping point of potential default. If it does, the repercussions are likely to ripple through the eurozone and across the Atlantic to the United States.

The global recession has hit Mexico harder than most other countries in the region. Mexico is suffering a drop in exports to the United States, a decline in remittances from Mexicans living and working in the United States, the continuing impact of swine flu on tourism, and the shrinking of the oil sector.

The House is about to vote on a measure that could give bankruptcy judges the power to rewrite the terms of mortgages. Proponents of the provision say it would help solve the nation's foreclosure crisis. But lenders say the "cramdown" measure will do more harm than good.