Recently released economic statistics show the U.S. lost 63,000 jobs in February. An executive at a job placement firm and a former top-level Department of Labor official examine the factors behind these job-market losses and what lies ahead for the American economy. Continue reading
Billionaire investor Warren Buffett announced Tuesday that he would help shore up three insurance bond firms by offering additional insurance on up to $800 billion in municipal bonds. The Wall Street Journal’s David Wessel explains how bond insurers impact Wall Street and how Buffett’s may help ease financial concerns. Continue reading
The Bush Administration and six of the nation’s largest banks agreed on a plan Tuesday that would delay some home foreclosures by 30 days, allowing lenders to negotiate more affordable terms. Treasury Secretary Henry Paulson discusses the details of the proposal. Continue reading
Federal Reserve Chairman Ben S. Bernanke told lawmakers Thursday it is “critically important” that an economic stimulus package take effect quickly to ward off a recession, recommending the government get cash into peoples’ hands as soon as possible. Continue reading
After a report by Jeffrey Brown on the year in economic news, business writers from across the country reflect on how the ups and downs of the business world have impacted local communities. Continue reading
- My understanding is that it takes .75 gallons of fuel to make one gallon of ethanol. If this is true, why is this fuel source so widely acclaimed as a great idea?
Question/Comment: There are two issues I’d like to see you tackle that I have not seen anyone in the media deal with. The first has to do with the sensibility of ethanol as a renewable fuel source. My understanding is … Continue reading