July’s jobs reading came as bad news for job seekers and the U.S. economy. The Labor Department reports that 6.6 million people have been unemployed for 27 weeks or longer. Paul Solman talks to people who have been out of work for 99 weeks or longer as part of his ongoing series on making sense of financial news. Continue reading
Amid the grim job numbers from the Labor Department Friday, Wall Street managed to come out of the week ahead. The Dow is up nearly 2 percent and the NASDAQ rose 1.5 percent. Also, BP is waiting for cement to harden on its plugged Gulf oil well. Continue reading
Secretary of State Hillary Clinton says the U.S. has already started to send aid to victims of the Pakistan floods, which have been deemed the worst there in 80 years. Jonathan Miller of Independent Television News reports on the frustrations in a remote Pakistani village. Continue reading
The economic crisis in Greece is bringing a new wave of anger among its citizens over austerity measures to control its debt. Paul Solman looks at how Greek citizens are coping with the debt crisis and speaks with Prime Minister George Papandreou. Continue reading
It involves casinos, the murder of a Greek tycoon, intrigue in Washington and much more. But the film, “Casino Jack and the United States of Money” is a documentary unwinding the trail of super-lobbyist Jack Abramoff — once a powerful player in the nation’s capital, now a convicted felon serving time in prison.
In the appropriately named Cash Room of the Department of the Treasury, Treasurer of the United States Rosie Rios, along with Fed Chairman Ben Bernanke and Secretary of the Treasury Timothy Geithner, unveiled a new design of the $100 bill Wednesday morning.
Farmers in Sioux Center managed to avert much of the financial crisis by keeping a close eye on their balance sheets. Continue reading