The Shifting Economy:

Two stories emerge in today's headlines: China is showing strong economic growth and two American banks have managed not only to report profits for the previous quarter but also to have gained a dominant position in the industry.

Nobel Laureate, Paul Krugman, adds to the discussion by explaining that Goman Sachs current financial success is taking place on the backs of the taxpayers. The bailout has taken place, Krugman explains, but without any governmental oversight in place, and the beneficiaries of the bailout are fighting tooth and nail to prevent any oversight.