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2011 DECEMBER
Dec. 30, 2011
Report
Suburb in Wealthy Illinois County Sees Unexpected Rise in Poverty
A suburban neighborhood of one of the nation's wealthiest counties has experienced a surprising rise in the number of people living below the poverty line -- a trend that accelerated in suburbs across the country during the recession. Elizabeth Brackett of WTTW Chicago reports.

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Dec. 29, 2011
Report
How the U.S. Economy, Americans Fared in 2011
From the jobless rate to a discouraging housing market and an aggravated lot of indebted college graduates, the year's defining economic stories kept a downbeat theme. Ray Suarez discusses 2011's economic impact with The Atlantic's Don Peck, the University of Pennsylvania's Annette Lareau and The Chicago Sun-Times' Terry Savage.

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Dec. 28, 2011
Blog
Economics Comedy in Beijing: Part Two
This penultimate post from Our Man in Beijing, standup economist Yoram Bauman, chronicles a true test: doing jokes in front of a Chinese audience. The responses are instructive, as are Yoram's responses during the Q&A. His answer about horses and Mercedes alone is worth watching.

videoStreaming Video


Dec. 27, 2011
Blog
Latest U.S. Home Sales Price Reading a 'Distinct Downer'
It's the monthly moment for Case-Shiller/S&P, the most widely followed index of U.S. housing prices, and Tuesday's numbers are a distinct downer, prices dropping at an annual rate of over 1 percent, though only half that, seasonally adjusted. Only Detroit and Washington, D.C. posted positive annual returns.


Dec. 23, 2011
Conversation
Author Daniel Yergin on U.S. Need for a 'Diversified Energy Portfolio'
Amid concern over tensions and violence in Iraq and Syria, oil prices rose to nearly $100 a barrel Friday. Jeffrey Brown discusses the ongoing hunt for untapped reserves of energy and how the demand for energy has shaped political and economic change around the globe with Daniel Yergin, author of "The Quest" and "The Prize."

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Dec. 23, 2011
Blog
Bargain Basement and Top Shelf: What's Driving Growth for Retailers?
In a bifurcated retail economy, high- and low-end retailers are doing well, while the middle is being squeezed. What types of items are pushing sales at the ends of the hourglass? We've compiled an assortment of products from luxury brands and from top-selling categories that are helping drive growth at dollar stores.

videoStreaming Video


Dec. 23, 2011
Video
The Role of the Consumer Mindset in the Cost of Energy
Jeffrey Brown talked to energy expert author Daniel Yergin about the impact of consumer behavior on the elasticity of oil prices. Watch Yergin discuss oil prices and the consequences of the Fukushima nuclear accident in Japan.

videoStreaming Video


Dec. 23, 2011
Slide Show
Bargain Basements and Top Shelves: What's Driving Retail Growth?
In a bifurcated retail economy, high- and low-end retailers are doing well, while the middle is being squeezed. What types of items are pushing sales at the ends of the hourglass? We've compiled an assortment of products from luxury brands and from top-selling categories that are helping drive growth at dollar stores.


Dec. 22, 2011
Report
Making Sen$e: Rich Shopper, Poor Shopper
As part of his series on Making Sen$e of financial news, business and economics correspondent Paul Solman explores how retailers are faring in an economy that's increasingly divided between the haves and the have-nots.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 21, 2011
Report
Democrats Pressure House GOP to Back Down on Payroll Tax Cut
Republicans and Democrats mired in a stalemate over extending the payroll tax cut Wednesday. Judy Woodruff reports on House Speaker John Boehner's call to President Obama, and the White House's use of Facebook and Twitter to leverage support for extending the tax break.

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Dec. 21, 2011
Analysis
Bank of America to Pay $335M to Settle Countrywide Case of Alleged Racial Bias
Bank of America agreed to pay a $335 million settlement Wednesday over allegations of racial bias in home mortgage lending involving Countrywide Mortgage, which the bank bought in 2008. Jeffrey Brown discusses the investigation and settlement with Illinois Attorney General Lisa Madigan.

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Dec. 21, 2011
Blog
When Did the Great Depression Start? - And Why That Matters
Last week's story on the history of the top income tax rate in America featured, as tour guide, Columbia University professor of tax law Alex Raskolnikov. After the story ran he sent us the following email to clarify a point he thought worth paying attention to.

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Dec. 20, 2011
Blog
Why the Euro Might Not Be Good For Greece
This post tries to answer a number of questions that have come in over the past few weeks along the lines of, "What's going to happen to Europe?"


Dec. 16, 2011
Analysis
Former Fannie, Freddie Officials Face 'Significant' Fraud, Lying Charges
The Securities and Exchange Commission has charged six former Fannie Mae and Freddie Mac officials with misleading investors about risky loans. Judy Woodruff discusses how the alleged wrongdoings may have contributed to the mortgage meltdown with Edward Pinto of the American Enterprise Institute and Lynn Turner of LitiNomics.

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Dec. 15, 2011
Report
News Wrap: Nearly Half of Americans in Poverty or Low-Income, Census Says
In other news Thursday, a new look at U.S. Census data painted a stark picture of poverty. It showed nearly one in two Americans are now in poverty, or classified as low-income. Also, the war in Iraq officially ended after nearly nine years.

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Dec. 15, 2011
Analysis
Members of Congress 'Seem Unable to Help Themselves' in Face of Disapproval
Thursday was a day of behind-the-scenes maneuvering and bargaining in Congress, as party leaders moved to avert a government shutdown and possibly end the impasse over extending a payroll tax cut. Judy Woodruff discusses the Senate's progress and Congress' sagging approval rating with The Wall Street Journal's Naftali Bendavid.

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Dec. 15, 2011
Blog
What Investment Products Help Protect Against Market Bumps?
Economics correspondent Paul Solman answers a question from a reader who lost half his 401k savings in a market hiccup.


Dec. 15, 2011
Blog
Congress in Familiar Territory With Shutdown on the Horizon
The federal government is again facing the threat of a shutdown because of a partisan divide in Congress. The version of the story this time is that Senate Democrats don't want to pass the House Republican version of the payroll tax cut because it contains policy riders they disagree with.


Dec. 14, 2011
Newsmaker Interview
Secretary Clinton: Democracies Must Have 'Habits of the Heart'
On Wednesday, Secretary of State Clinton spoke with Jim Lehrer about how foreign policy decisions can tie into economic and job growth. Their discussion was part of the "Innovation and the Global Marketplace" symposium in Washington, hosted in partnership with Intel, The Innovation Economy and The Aspen Institute.

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Dec. 14, 2011
Blog
Clinton on Russia's Protests, China's Shortcuts and Gingrich's Comments
In a wide-ranging interview with Jim Lehrer at the Newseum Wednesday, Secretary of State Hillary Clinton defended critical comments she made about Russia's recent elections and called China's shortcuts in the marketplace "deeply distressing." View highlights from their interview.

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Dec. 14, 2011
Report
Secretary Clinton Discusses Job Creation, International Policy
How will America create its next 10 million jobs? That question will be the focus of upcoming discussions on Dec. 14 among PBS NewsHour correspondents, Secretary of State Hillary Clinton and leaders from across the private and public sectors. You can watch the conversations live on the NewsHour's website.


Dec. 14, 2011
Blog
What Investment Products Help Protect Against Market Bumps?
Economics correspondent Paul Solman answer a question from a reader who lost half his 401k savings in a market hiccup.


Dec. 13, 2011
Analysis
Corzine Testifies Before Former Senate Colleagues on Missing MF Global Funds
Former MF Global CEO Jon Corzine was back at the U.S. Capitol Tuesday, for the second time in two weeks, facing a committee of former Senate colleagues. Judy Woodruff discusses the congressional investigation into the collapsed firm with The New York Times' Azam Ahmed and Shulman Rogers' Jacob Frenkel.

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Dec. 13, 2011
Blog
'Record Inequality Between Rich and Poor,' According to OECD
Today we feature a short, simple, surprising inequality video that sums up a lot of recent research from the Organization for Economic Cooperation and Development, the 34-member OECD. Take a look.


Dec. 12, 2011
Blog
What Would Impact of a Payroll Tax Increase Be in Your County?
President Obama and Democrats are daring Republicans to let a payroll tax break expire. Such an increase in the payroll tax could hit the U.S. economy hard in two different ways when you look at the impacts using Patchwork Nation's breakdown of 12 county types.


Dec. 12, 2011
Newsmaker Interview
British Foreign Secretary: 'We Should Be in Europe but Not Taken Over by Europe'
In an interview with Jeff Brown, British Foreign Secretary William Hague discusses his country's decision last week to reject an agreement aimed at fixing Europe's debt crisis.

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Dec. 12, 2011
Report
After Rejecting Euro Deal, Cameron Defends Decision Before Parliament
Stock sell-offs were widespread Monday after markets had a weekend to ponder Europe's new fiscal deal and the U.K.'s rejection of it. Jeffrey Brown reports on the political and financial reverberations.

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Dec. 12, 2011
Report
What Do Tax Rates' Ups and Downs Mean for Economic Growth?
Do higher tax rates slow economic growth? As part of his reporting on Making Sen$e of financial news, economics correspondent Paul Solman takes a look at the history of taxes.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 12, 2011
Report
News Wrap: Occupy Protesters Block Busy Portland Port
In other news Monday, Occupy Wall Street protesters tried to blockade some of the West Coast's busiest ports. Hundreds of people gathered at the port of Portland, Ore., blocking trucks from entering two terminals. Also, Russian Prime Minister Vladimir Putin got some competition in the country's presidential race.

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Dec. 12, 2011
Blog
What's a 'Top Marginal Tax Rate'?
The amount taxpayers owe Uncle Sam every year depends on many factors, especially the amount of income they earn. The United States, along with many other countries, has what's known as a marginal tax rate system -- different levels of our income are taxed at different rates.


Dec. 12, 2011
Blog
'Record Inequality Between Rich and Poor,' According to OECD
Today we feature a short, simple, surprising inequality video that sums up a lot of recent research from the Organization for Economic Cooperation and Development, the 34-member OECD.


Dec. 12, 2011
Blog
Do Policies that Slash Spending Drag the Economy Down?
Paul Solman responds to a reader who asks, "Aren't these steps of cutting spending, balancing the budget, etc. the sort of policy decisions that many economists think caused the Great Depression to be so long?"


Dec. 9, 2011
Report
Why Are Conservatives Happier Than Liberals?
How do feelings about ideology and economic inequality affect a person's happiness? As part of his reporting of Making Sen$e of financial news, economics correspondent Paul Solman explores the connection and asks some liberals at Occupy DC and conservatives at the American Enterprise Institute to grade their own happiness.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 9, 2011
Analysis
What Would Debt Deal Mean for Euro, European Union, U.K.?
After marathon talks, the European Union moved closer to a deal to solve the debt crisis. Jeffrey Brown discusses what the agreement might mean for Europe with the EU's Deputy Chief of Mission Francois Rivasseau and Dan McCrum of The Financial Times.

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Dec. 9, 2011
Report
European Leaders Agree to Closer Financial Ties, but Cameron Holds out
Most European leaders agreed Friday to link their national budgets ever closer and force fiscal discipline on individual nations. Jeffrey Brown reports on the "historic" deal to save the euro that may also lead to Britain breaking from the European Union.

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Dec. 9, 2011
Blog
Weather's Dozen: 2011 Breaks U.S. Billion-Dollar Disaster Record
An evacuation sign asks residents to leave Eagar, Ariz.


Dec. 9, 2011
Blog
Weather's Dozen: 2011 Breaks U.S. Billion-Dollar Disaster Record
Between fires, twisters, hurricanes, droughts and floods, 2011 has been Mother Nature's most continuously whopping year for the United States.


Dec. 9, 2011
Slide Show
Weather's Dozen: 2011 Breaks U.S. Billion-Dollar Disaster Record
Between fires, twisters, hurricanes, droughts and floods, 2011 has been Mother Nature's most continuously whopping year for the United States. Data released by NOAA now counts a record of 12 disasters passing the $1 billion mark in 2011 -- smashing the previous record of nine such calamities in 2008.


Dec. 9, 2011
Blog
Britain Refuses to Join Euro Pact
ritish Prime Minister David Cameron seemed to assume a Churchillian mantle as he delivered a resounding no to the European Union accord aimed at salvaging the embattled common currency, the Euro.


Dec. 8, 2011
Report
Occupy Movements in San Diego, Oklahoma City, Boise Dig in
The Occupy Movement stayed in the headlines this week as police broke up the San Francisco camp, but groups are digging in and holding up in many other places around the country. KPBS San Diego, OETA Oklahoma and Idaho Public Television report.

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Dec. 8, 2011
Report
News Wrap: European Leaders Meet Again to Save Euro From Collapse
In other news Thursday, European leaders gathered in Brussels to discuss how to save the euro from collapse. The German and French leaders went to Marseille to press European conservatives to agree to closer economic ties. Also, former Sen. and Gov. Jon Corzine testified before Congress over his role in MF Global's downfall.

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Dec. 8, 2011
Blog
What Happens To China if the U.S. Defaults on Its Debt?
Business and economics correspondent Paul Solman answers a reader's question about what would happen to China and all the U.S. debt it owes if the U.S. were to default.


Dec. 7, 2011
Blog
President Obama's 2012 Pitch: 'Everyone Gets a Fair Shot'
With the election 11 months away, President Obama outlined a populist argument for a second term in Osawatomie, Kan., the same town where in 1910, Theodore Roosevelt delivered his "New Nationalism" speech calling for a strong central government that "must be freed from the sinister influence or control of special interests."


Dec. 6, 2011
Report
With Detroit on Brink of Financial Disaster, State Steps In
With Detroit on track to completely run out of cash in four months, Michigan's government began a 30-day review of the Motor City's beleaguered finances Tuesday. That process could lead to a state takeover. Desiree Cooper of Detroit Public TV reports.

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Dec. 6, 2011
Blog
Economic Comedian Compares China-U.S. Relations to Teen...Romance
Getting back to his roots, Standup Economist Yoram Bauman begins his latest dispatch from Beijing by testing just how far you can apply the First Amendment in modern-day China. Yoram takes some liberties in a bookstore supposed to be a 'free speech zone.' Indeed, he pushes the envelope.


Dec. 6, 2011
Blog
Political Storms Swirl in Cash-Strapped California
The state does not have enough money to cover expenses: it will be $3.7 billion short this season. So all eyes are on the governor to see if he can rescue a state in serious trouble.


Dec. 5, 2011
Report
Eurozone Leaders Consider Deficit Limits to Help Save Euro
Pressure is building in Europe to resolve the growing debt crisis. Gary Gibbon of Independent Television News reports on a critical meeting between Europe's leaders to consider deficit limits for each nation.

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Dec. 5, 2011
Report
News Wrap: Democrats Introduce New Plan to Extend Payroll Tax Cuts
In other news Monday, Senate Democrats unveiled a new plan to extend payroll tax cuts due to expire later this month. Also, bombings in Iraq killed at least 32 people, and about 10,000 Russians protested in Moscow over parliamentary elections.

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Dec. 5, 2011
Newsmaker Interview
U.S. Postal Service Faces Big Changes Amid Struggle to Deliver on Profitability
The likelihood that a stamped letter could reach its destination by the next day will be virtually eliminated due to billions in U.S. Postal Service cuts announced Monday. Postmaster General Patrick Donahoe joins Gwen Ifill to discuss the cuts and what's next for the postal service and its customers.

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Dec. 2, 2011
Report
Creating Jobs in the Volunteer State: Why Are Employers Reluctant to Hire?
Republicans have been saying that businesses aren't hiring because of uncertainty about regulation, the cost of health insurance and the cost of borrowing money. As part of his reporting on Making Sen$e of financial news, Paul Solman traveled to Tennessee to see if companies are creating more paying jobs in the Volunteer State.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 2, 2011
Report
News Wrap: Merkel Warns Eurozone Debt Could Take Years to Fix
In other news Friday, German Chancellor Angela Merkel warned it could take years to fix Europe's staggering debt problems. She spoke amid growing signs European leaders may fashion a more powerful political union. Also, Republican presidential candidate Herman Cain said he'll announce the future of his campaign on Saturday.

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Dec. 2, 2011
Analysis
U.S. Jobs Picture Shows Some Promise, but Many in 'Very Long Struggle' for Work
The November unemployment report came out Friday, and it showed new job creation and a surprising drop in unemployment. However, the outlook remains bleak for many job seekers. Jeffrey Brown discusses the latest numbers with Diane Swonk of Mesirow Financial and Carl Van Horn of the Heldrich Center for Workforce Development.

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Dec. 2, 2011
Blog
Woodruff: Clinton Talks Jobs, Election Year Politics
Former President Bill Clinton is incapable of giving a dull interview. So when his latest book came out, a 196-page "short" look, in his words, at why government needs to be involved to get the economy moving again, I didn't have to think twice about whether it was worth talking to him about it.


Dec. 2, 2011
Blog
Unemployment Falls To 8.6 Percent
Reports all week suggested that job creation was on the upswing. Friday's November report confirmed it. 120,000 new jobs created.140,000 in the private sector (government shrank by 20,000). Numbers to make a free market enthusiast beam. Plus, upward revisions of 20,000 jobs for October and a whopping 52,000 in September alone.


Dec. 1, 2011
Blog
An SEC 'Smackdown'
Peter Steiner is the New Yorker cartoonist best known for his 1993 cartoon of two dogs looking at a computer monitor as one says to the other: "On the Internet, nobody knows you're a dog." He sent us an economics cartoon the other day and said we could share it, which we do herewith.

NOVEMBER
Nov. 30, 2011
Blog
Biggest Issue in 2012? Could Be Europe
Europe's current economic drama is intricately tied to American politics. And if things go bad in Europe -- really bad -- American voters and candidates will suddenly be getting acquainted with talking points centered on the fate of the euro.


Nov. 30, 2011
Analysis
Soaring Markets Reveal Clues About Big Banks' Levels of Trust, Comfort
The Federal Reserve teamed up with other central banks to ease a growing credit crunch threatening the world's financial systems. Jeffrey Brown discusses the move and the market's reaction with Catherine Mann of Brandeis University and author David Smick.

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Nov. 30, 2011
Report
Stocks Surge as Central Banks Move to Ease Credit Crunch
Stock markets roared their approval Wednesday after the U.S. Federal Reserve led a global move to head off a new financial panic originating in Europe. Jeffrey Brown reports.

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Nov. 30, 2011
Blog
Occupy DC's 'Roving Kabaret'
Recently, Occupy DC hosted a 'Roving Kabaret' ('K' as in K St., which is one of the locations where the organization has set up tent) of various theatrical troupes that support the Occupy movement.


Nov. 29, 2011
Analysis
Fed Faces New Scrutiny for Trillions in Assistance to Banks After Crisis
A report published Monday raises new questions about money that the Federal Reserve provided to banks in the wake of the financial crisis. Judy Woodruff discusses the report with Bob Ivry of Bloomberg News.

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Nov. 29, 2011
Blog
Falling U.S. House Prices Not a Good Sign
The punchline: housing prices declined in September -- not a good sign. Here's a summary of the data and a brief roundup of what others are making of the latest numbers:


Nov. 29, 2011
Analysis
Employees Expected to 'Bear the Burden' of American Airlines Bankruptcy
After 81 years of flying, American Airlines landed in federal bankruptcy court Tuesday, filing for Chapter 11 protections against its creditors. Judy Woodruff discusses what's behind the bankruptcy with Ben Mutzabaugh of USA Today.

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Nov. 28, 2011
Analysis
European Commission's Barroso Insists Euro Will Survive Crisis
The debt crisis in Europe that, until now, has threatened individual countries, now threatens the continent's common currency. Jeffrey Brown discusses Europe's debt woes and the euro's future with European Commission President Jose Manuel Barroso.

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Nov. 28, 2011
Report
Obama Presses EU Leaders for Debt Resolution
Mounting fears for the fate of the eurozone dominated an annual summit Monday, as President Obama hosted leaders of the European Union. Jeffrey Brown reports.

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Nov. 28, 2011
Slide Show
Occupy DC's 'Roving Kabaret'
Occupy DC recently hosted a "Roving Kabaret" ("K" as in K Street, which is where the organization has set up tents) that toured places around Washington, D.C., with historical significance to workers' rights movements. At each spot, organizers explained its place in history and various theatrical troupes and musicians performed.


Nov. 28, 2011
Blog
Is America Addicted to War?
Paul Solman answers a reader's question about whether we are addicted to war, and if we ever actually bother about the cost of it.


Nov. 25, 2011
Blog
If Bank Deposits Pay So Little, Why Do Mortgages Cost So Much?
Question: My first mortgage in 1970 was at a rate of 2.0 to 2.5 percent above the bank's saving account rate. Now, savings pay virtually no interest, but mortgages are 5 percent or more. Why?


Nov. 25, 2011
Blog
Why Does Health Care Cost So Much in the United States?
Staying healthy in the United States is expensive. In fact, in 2009, the average annual cost of healthcare was $7,960 per person -- two and a half times what it was in Japan for the same year. A new OECD comparing health care costs in 34 countries provides some surprising data about disparities in the cost of health care.


Nov. 24, 2011
Report
In Aftermath of Financial Crisis, Who's Being Held Responsible?
As anger over the financial crisis lingers, questions remain as to who has been held accountable for their role in creating the conditions that led to the meltdown ... and who has not. Ray Suarez reports.

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Nov. 24, 2011
Report
After Infusion of New Energy, 'Occupy DC' Shows No Signs of Letting Up
Hari Sreenivasan reports on the 'Occupy' movement in Washington, D.C., where demonstrators have settled in after getting a shot in the arm from some energetic protesters who traveled down from New York City.

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Nov. 24, 2011
Report
Retailers Kick Off Holiday Shopping Season Early
Friday is the traditional kickoff of the holiday retail season, but some stores are opening a day early. Correspondent Tom Bearden looks at how that's playing out in Denver, Colo., where some say the rush to start shopping is infringing on the Thanksgiving holiday.

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Nov. 24, 2011
Blog
European Bond Scare: Germany Edition
The U.S. markets lie as still today as the birds on America's platters, but the same cannot be said for fluttering Europe. Thus, while we pause to wish everyone the most convivial of Thanksgivings, we thought we'd alert you to a story that may be a big one tomorrow: the rise in German bond rates.


Nov. 23, 2011
Blog
Economic Inequality and the New Mommy Divide
A majority of first-time working mothers are now receiving paid maternity leave -- a first since the government started tracking the data in the early 1980s -- according to a new study by the U.S. Census Bureau. They're also much likelier to work longer into their pregnancy and return to work sooner than their mothers did.


Nov. 22, 2011
Blog
Can Tech Startup Schools Teach #TheNextBigThing?
We explore the phenomenon of Startup Accelerators with Tech Stars, AngelPad, Thomas Korte, David Cohen, Vivek Wadhwa, Blackbox Ventures, Wade Roush. Are they helping find the next big thing or fueling a bubble.

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Nov. 22, 2011
Report
Accelerators Groom Technology Ventures for Success
The Kauffman Foundation, which studies entrepreneurship, recently found that startups create about 3 million new jobs a year. Hari Sreenivasan reports on efforts to nurture promising companies and bring them to market faster.

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Nov. 22, 2011
Blog
Mainstream Economic Media Cry Wolf
I've been saying the following to friends and colleagues for months now: In all my many years as a business and economics reporter, I have never seen a greater cognitive dissonance than in the current coverage of the U.S. bond market.


Nov. 21, 2011
Report
UC Davis Officials Under Fire Amid Outrage Over 'Occupy' Pepper Spraying
There was continuing criticism Monday about University of California, Davis police dousing student activists with pepper spray at close range during demonstrations over the weekend. Correspondent Spencer Michels reports.

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Nov. 21, 2011
Update
Deficit 'Supercommittee' Throws in the Towel
The bipartisan co-chairs of the Joint Select Committee on Deficit Reduction announced late Monday that the group had failed to reach an agreement. The so-called supercommittee had been charged with finding $1.2 trillion in deficit savings over the next decade, as part of an agreement to lift the country's borrowing limit.


Nov. 21, 2011
Blog
How Do Tax Changes Affect Spending?
Paul Solman answers the following question about taxes and spending: "How does raising or lowering taxes affect the economy? What difference does it make if the government spends the money on tanks, infrastructure, buildings or if the people spend it on 42" TV screens, cars, or home improvements?"


Nov. 21, 2011
Blog
Supercommittee Headed for Failure
Two days before its Nov. 23 deadline, the congressional supercommittee tasked with creating a plan that would cut $1.2 trillion in the federal budget appears headed for failure.


Nov. 18, 2011
Report
Was Charles Darwin the Father of Economics as Well?
What does the work of Charles Darwin have to do with economics? As part of his reporting on Making Sen$e of financial news, Paul Solman talks to Robert H. Frank, author of "The Darwin Economy: Liberty, Competition, and the Common Good," about the connection between economics and the father of evolution.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Nov. 18, 2011
Report
News Wrap: U.K.'s Cameron Moves to Contain Europe's Debt Crisis
In other news Friday, British Prime Minister David Cameron appealed for decisive action to contain Europe's debt crisis, but German Chancellor Angela Merkel cautioned against doing too much, too fast. Also, U.S. and U.N. food agencies reported that the number of famine zones in Somalia has been cut in half.

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Nov. 18, 2011
Blog
Bob Frank: Congress Will Be Guilty of 'Gross Political Malpractice'
"Bob Frank and PJ O'Rourke AGREE," Paul Solman tweeted recently, referring to the political differences of liberal economist Frank and conservative satirist O'Rourke. "Build the damn bridges. Now."


Nov. 17, 2011
Report
Police, 'Occupiers' Clash on Day of Action in Several Cities
The Occupy Wall Street movement marked the end of its second month with marches and demonstrations in several cities, but hundreds of protesters were arrested after clashing with police. Judy Woodruff reports.

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Nov. 17, 2011
Analysis
Amid Solyndra Turmoil, How Involved Should Government Be in Energy Research?
Should the government help spur or back certain kinds of energy research? Jeffrey Brown discusses the political storm over the government's backing of the now-bankrupt solar panel manufacturer Solyndra with Eileen Claussen of the Center for Climate and Energy Solutions and Robert Bryce of The Manhattan Institute.

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Nov. 17, 2011
Blog
Who's Happier: Conservatives or Liberals?
Just a quick note on a story we're working on about the link between one's political beliefs, attitudes towards inequality, and personal happiness.


Nov. 17, 2011
Blog
And Now, Some Good Economic News
Over the last four years, scanning the nation's business headlines has become something best done with a pack of Tums at the ready. From housing to unemployment, looking at the numbers has become a test of intestinal fortitude. But the last few days have brought some bright spots.


Nov. 17, 2011
Blog
Kids with Toothaches: Lost in the Health Care Debate
Somewhat lost in the war of words over health care reform is a stepchild of the debate: dental care. A bad situation is getting worse, especially in California, where Medi-Cal cuts have meant less care for kids.


Nov. 16, 2011
Analysis
'Patriotic Millionaires' Lobby Congress for Higher Taxes on Rich
Members of Patriotic Millionaires for Fiscal Strength visited Capitol Hill Wednesday, lobbying Congress for higher taxes on the rich. Jeffrey Brown discuses the group's goals with member Garrett Gruener, who founded Ask.com.

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Nov. 16, 2011
Report
Berkeley Students, 'Occupy Oakland' Protesters Join Forces
Protesters and University of California, Berkeley students are shifting strategies as city officials put more pressure on the ranks of Occupy Oakland. Correspondent Spence Michels reports.

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Nov. 16, 2011
Analysis
Fannie Mae, Freddie Mac Executives' Bonuses Draw Rebuke From Lawmakers
The compensation practices at two government-controlled mortgage giants came under heavy fire on Capitol Hill on Wednesday. Margret Warner discusses what accounts for executive bonuses at Fannie Mae and Freddie Mac with Politico's Josh Boak and The Wall Street Journal's Nick Timiraos.

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Nov. 16, 2011
Report
News Wrap: Greece, Italy Take New Steps to Restore Political Stability
In other news Wednesday, Italy and Greece took new steps to restore political and economic stability. In Rome, Prime Minister Mario Monti was sworn in with a new Cabinet that didn't include a single politician. In Syria, the swelling violence left the government increasingly under siege as army defectors staged new attacks.

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Nov. 16, 2011
Blog
Woodruff: Florida School Aims to Buck Economic Downturn
Despite the economic downturn -- and budget cuts for higher education -- one Florida university is meeting the challenge by helping students launch their own businesses and partnering with industries to help them find jobs.


Nov. 16, 2011
Blog
NewsHour Connect: Supercommittee Fast-Tracks New Farm Bill
Every 5 years Congress passes a bundle of legislation related to food and agriculture. It usually takes a year for stakeholders to voice concerns and Congress to ultimately enact the bill. This year, however, the Farm Bill process is on the fast track. Hari Sreenivasan checks in with Peggy Lowe of Harvest Public Media for more.


Nov. 16, 2011
Blog
Is America a Loan Shark or a Borrowing Walrus?
Wednesday's query of how China keeps its currency undervalued is answered first by Paul, and also by Yoram Bauman, our frequent economist contributor from China


Nov. 16, 2011
Blog
Supercommittee Edging Toward Failure
After another day of private meetings and negotiations on Capitol Hill, the 12-member Congressional supercommittee was apparently no closer Tuesday to its mandated $1.2 trillion deficit reduction deal, and all signs point to a process that will remain gridlocked until the Nov. 23 deadline.


Nov. 15, 2011
Analysis
What's Next for Occupy Wall Street Protests After Judge Bars Camping in Park?
New York City police routed anti-Wall Street protesters from their campsite early Tuesday, and hours later, city officials won a court ruling that backed up their move. Jeffrey Brown discusses the legal arguments involved in the New York protests with attorneys Daniel Alterman and James Copland.

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Nov. 15, 2011
Blog
The Allure of Fool's Arbitrage
Paul Solman and friend-of-making-Sen$e Zvi Bodi answer a reader's question about a friend who hopes to game the inflation game and never pay off his mortgage.


Nov. 15, 2011
Blog
New York Police Clear Occupy Protesters in Zuccotti Park
New York City police have cleared out Zuccotti Park, where the first Occupy Wall Street protests began in mid-September, arresting dozens of demonstrators who refused to heed an order to leave the park.


Nov. 14, 2011
Report
News Wrap: Leaders in Italy, Greece Move to Form New Governments
In other news Monday, leaders in both Greece and Italy moved to form new governments. Both will have to convince voters and financial markets to support their efforts to prevent Europe's debt crisis from spreading. Also, police in Oakland, Calif. cleared an encampment of "Occupy" protesters.

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Nov. 14, 2011
Blog
Why a Lesson in Money Plus Math Equals Financial Stability
Sheila Bair, known for her tenacity and contrarian tenure as chairwoman of the FDIC, has a message she wants everyone to learn:Don't buy an inflatable moose head for your wall.

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Nov. 11, 2011
Analysis
Portland Among Cities Grappling With How to Handle 'Occupy' Protesters
City officials around the nation are confronting the question of how to deal with the "Occupy" protesters who have camped out in public spaces. Jeffrey Brown discusses the growing movement and its implications with Portland Mayor Sam Adams and "Occupy Portland" representative Jim Oliver.

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Nov. 11, 2011
Report
Job-Seeking Vets Confront Stigma of 'Falling Behind' While Deployed
More than 12 percent of the roughly 2 million Iraq and Afghanistan veterans were jobless last month, compared to 9 percent of the total population. As part of his reporting on Making Sen$e of financial news, Paul Solman looks at the problems many service members face in finding a job back home.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Nov. 11, 2011
Report
News Wrap: SEC Penalizes Employees for Failure to Spot Madoff Scheme
In other news Friday, the Securities and Exchange Commission penalized eight employees for failing to spot Bernard Madoff's Ponzi scheme over 16 years. The agency said the measures ranged from pay cuts to suspensions, but no one was fired. Also, a unity government emerged in Greece and economic reforms gained traction in Italy.

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Nov. 11, 2011
Blog
New Google-Powered Jobs Bank Aims to Lower Veteran Unemployment Rate
This Veterans Day, an estimated 12.1 percent of the 1.98 million Gulf-Era II veterans (those who've served at any time since Sept. 11, 2001) are unemployed -- more than three percent higher than the national average. For younger vets aged 18 to 34, a whopping 16.6 percent are unemployed.

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Nov. 11, 2011
Blog
Italy Passes Austerity Bill, New Greek PM Names Cabinet
Italy's senate passed a bill to usher in a series of austerity measures, which is expected to be signed into law by outgoing Prime Minister Silvio Berlusconi. In Greece, former European Central Bank vice president Lucas Papademos, who has vowed to implement the European bailout package deal, was sworn in on Friday.

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Nov. 10, 2011
Report
News Wrap: Greece, Italy Show Signs of Political Progress
In other news Thursday, there were signs of political progress in Greece and Italy after days of uncertainty. Respected economists stood ready to take charge of new governments in both countries. Also, the Democratic majority in the Senate blocked a Republican effort to halt a new regulation on air pollution.

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Nov. 10, 2011
Blog
At APEC Summit, Blending Economic Strategy and Ensemble
A week after Europe's economic woes dominated the G20 summit in France, a different collection of world leaders meet in Hawaii, where they hope to strengthen ties among Asia and the Pacific region's fast-growing markets, from China to Chile.


Nov. 10, 2011
Blog
Why Are Medical Costs So High?
Paul Solman answer's a readers question about why health care costs so much.


Nov. 10, 2011
Slide Show
APEC Attire Through the Years
One of the traditions of the Asia-Pacific Economic Cooperation summit is a group photo in which world leaders don matching outfits from ponchos to pastel silk jackets. We display some of them here.


Nov. 9, 2011
Analysis
Italy's Debt Dilemma: Too Big to Fail and Too Big to Rescue?
Jeffrey Brown discusses Italy's rapidly escalating debt crisis and the implications for the rest of the Eurozone with Il Sole's Mario Calvo-Platero and Bloomberg-BusinessWeek's Roben Farzad.

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Nov. 9, 2011
Report
Berlusconi's Exit Does Little to Calm Fears on Italy's Debt
Europe's debt crisis took a turn for the worse on Wednesday after Italy's borrowing rate hit a record high, one day after Prime Minister Silvio Berlusconi agreed to step down once budget reforms are enacted. International Television News' James Mates reports from Rome.

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Nov. 9, 2011
Blog
For the Love of Chinese Bread
An economic analysis of a local, family-run bread bakery is the topic of the latest dispatch from Yoram Bauman, our temporary economist-in-residence in China.

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Nov. 9, 2011
Blog
Italy's Debt Rate Hits Record 7% Despite Word of Berlusconi Resignation
One day after Italian Prime Minister Silvio Berlusconi offered to resign from office once budget reforms are passed, Italy's borrowing costs crossed what the New York Times describes as "through a key financial and psychological barrier of 7 percent, close to levels that have required other euro zone countries to seek bailouts."


Nov. 8, 2011
Blog
Politics, Democracy, Anarchy - Does the World Owe Greece?
In Greece, we interviewed a plain-spoken, candid economist named Manos Matsaganis. As the Parthenon posed telegenically in the background, Professor Matsaganis explained Greece's plight: corrupt government; bloated civil service, an utter lack of trust in "society."


Nov. 7, 2011
Analysis
49 Million Americans in Poverty, Census Calculates
The Census Bureau released a new unofficial count of poverty in America on Monday, showing about 16 percent of the population live at or below the poverty line. Ray Suarez discusses the new numbers with The Brookings Institution's Ron Haskins and the Institute for Women's Policy Research's Heidi Harrmann.

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Nov. 7, 2011
Blog
Poverty's Changing Profile in the U.S.
The hard economic times of the last few years have been felt widely, but not uniformly. A new report shows that in recent years poverty grew more in suburban counties than in the dense heart of urban centers. Should these trends continue, they would change our understanding of what poverty looks like in the United States.


Nov. 7, 2011
Blog
'The Buyout of America' Author on Occupy Wall Street Protests
A year ago July, we did a story on "private equity" featuring journalist Josh Kosman, who'd written a book, "The Buyout of America." Recently, on a visit to Zuccotti Park, we ran into Kosman and asked him about the Occupy Wall Street movement.

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Nov. 7, 2011
Blog
Greek Leaders in Talks to Form New Government, Italy's Debt Crisis Grows
Greek leaders are working to formalize an agreement that would create a new transitional government in light of news this weekend that Prime Minister George Papandreou would resign once the agreement is official.


Nov. 4, 2011
Analysis
Groupon's IPO Skyrockets: 'As Near a Perfect Launch as a Company Could Hope for'
Daily-deal website Groupon began selling its stock Friday with one of the largest public offerings for a tech company since Google. Judy Woodruff discusses the day of high-flying trading with John Abell of Wired.com.

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Nov. 4, 2011
Report
News Wrap: Greece Faces Moment of Truth After Week of High Drama
In other news Friday, the government of Greece faced a moment of truth. After a week of high drama, the Greek Parliament proceeded with a confidence vote on Socialist Prime Minister George Papandreou. While the world watched the turmoil in Greece, the G-20 economic summit ended in France.

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Nov. 4, 2011
Report
'Need To Know': States Tackle Jobs Crisis in Creative Ways
Several states are testing creative ways to tackle the jobless problem. This excerpt is part of a series called "Help Wanted" produced by PBS' "Need To Know."

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Nov. 4, 2011
Analysis
Stubbornly High Jobless Rate Offers Little Hope to Unemployed
The U.S. jobs report for October brought news of slow improvement for the American economy, but also continued worries that the stubbornly high unemployment rate isn't changing fast enough. Jeffrey Brown discusses the report with Catherine Rampell of The New York Times and Ingrid Schroeder of the Pew Fiscal Analysis Initiative.

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Nov. 4, 2011
Blog
Unemployment Drops to 9 Percent, but Jobless Frustrations Continue
Our own "U-7" scale,which is a broader view of unemployment in the country than the government's official figure, is down: we reckon 18.18 percent of Americans are out of work, down from last months' 18.41 percent. Still, that's quite a chunk of Americans who say they want a job but can't find one.


Nov. 4, 2011
Blog
Unemployment Dips to 9%, 80,000 Jobs Added in Oct.
The October jobs report shows that stubbornly high unemployment continues to hang over America's economic psyche. And no matter how successful President Obama is at preventing a double-dip recession, the impact of high unemployment on the country's continued pessimism remains his political problem.


Nov. 3, 2011
Analysis
Census: 1 in 15 Americans Among the Poorest of the Poor
New Census data out Thursday show that one in 15 Americans now lives in extreme poverty and earns less than half of the official poverty line. Jeffrey Brown discusses the spread of poverty and the implications for families and communities with Elizabeth Kneebone of the Brookings Institution.

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Nov. 3, 2011
Report
News Wrap: Upbeat Economic Reports Boost Markets
In other news Thursday, the markets around the world got a boost from several upbeat economic reports. The Labor Department said first-time jobless claims fell below 400,000, the lowest level in five weeks. Also, Senate Republicans have blocked another piece of President Obama's jobs plan.

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Nov. 3, 2011
Analysis
'Like G-20 Didn't Happen': Greek Crisis Overshadows Summit
Under pressure from other countries, Greek Prime Minister George Papandreou scrapped plans to have his citizens vote in a referendum on a new European bailout, but he faces a brewing political crisis. Margret Warner discusses the eurozone's problems with Steven Erlanger of The New York Times at the G-20 summit in Cannes, France.

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Nov. 3, 2011
Report
Greek Government Teeters Ahead of Confidence Vote
Thursday was a day of political turmoil in Greece, with broader implications for the economies of Europe and the rest of the world. Independent Television News' James Mates and Gary Gibbon report.

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Nov. 3, 2011
Blog
5 Things to Know About the G20 Summit
World leaders from the Group of 20 are meeting Thursday and Friday with their eye on how to improve the global economy -- a tall order given the growing European debt problems overwhelming their original agenda.

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Nov. 3, 2011
Blog
Greek Government in Turmoil as Debt Drama Dominates G20
Divisions within Greece's government have heightened fears that its government -- scheduled to hold a no-confidence vote Friday -- could collapse ahead of a planned referendum on the massive bailout package proposed by European leaders.


Nov. 2, 2011
Report
Occupy Oakland Movement Tries to Flex Muscle With General Strike
Thousand of protesters joined the Occupy Oakland movement Wednesday in a general strike aimed at shutting down banks, corporations, the city's busy port and schools. Correspondent Spencer Michels reports.

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Nov. 2, 2011
Report
News Wrap: Fed Forecasts Economic Growth Will Slow Over Next Year
In other news Wednesday, the Federal Reserve forecast that growth will be slower through next year and unemployment will be higher than earlier estimates. The Fed said conditions have improved some since spring, and it decided against new actions to boost the economy.

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Nov. 2, 2011
Report
European Leaders Struggle to Hold Together Greek Bailout Deal
Greek Prime Minister George Papandreou flew to France late Wednesday to explain his sudden call for a referendum on a new European bailout for his country. Gray Gibbon and Faisal Islam of Independent Television News report.

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Nov. 2, 2011
Slide Show
The 10 Most and Least Developed Countries
The 2011 Human Development Report ranked 187 countries according to income, education and health. We showcase the top five and bottom five on the list.


Nov. 2, 2011
Blog
Are Americans Getting Angrier?
After an exchange in New York's Zuccotti Park, economics correspondent Paul Solman asks, is spontaneity becoming an end in itself? Are the media becoming more reviled? Are Americans getting even angrier? The Other 99 more frustrated?


Nov. 2, 2011
Blog
Are Americans Getting Angrier?
While shooting at the end of day recently at Zuccotti Park, I was heckled twice while "re-asking" several questions. That is, with only one camera, it's impossible to create a dialogue between interviewer and interviewee unless the camera swings back and forth.


Nov. 2, 2011
Blog
Greek Cabinet Supports Referendum, but Political Upheaval Might Derail Plan
Greece's cabinet threw its support behind embattled Prime Minister George Papandreou's call for a referendum on a massive European bailout plan. Papandreou's referendum shocked European leaders, coming on the heels of an emergency summit in Brussels last week to devise a plan to address Greece's financial problems.


Nov. 1, 2011
Report
California Voters Fed-Up With Gridlock as Budget Crunch Lingers
Spencer Michels reports from California, where the government gridlock is compounding concerns about the state's budget.

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Nov. 1, 2011
Report
Super Committee Urged to 'Go Big' on Deficit Cuts
There are just over three weeks to go until the Congressional Super Committee's deficit reduction report is due. Kwame Holman provides an update on the progress.

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Nov. 1, 2011
Report
MF Global's Risky Bets on Europe Backfire on Investors
Major securities firm MF Global, Inc., run by former New Jersey Gov. Jon Corzine, filed for bankruptcy protection Monday. Ray Suarez speaks with New York Times columnist Joe Nocera about the story and the investor money at stake.

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Nov. 1, 2011
Report
News Wrap: Bank of America Scraps Planned Debit Card Fees
In other news Tuesday, thousands of anti-capitalist protesters demonstrated in the French Riviera, just two day before the G-20 summit begins. Also, Bank of America announced that it would scrap plans to charge a $5 monthly debit card fee for customers.

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Nov. 1, 2011
Analysis
With Debt Fix in Danger, Is it Europe's 'Lehman Moment'?
World markets were shaken Tuesday by new fears that the European debt deal might come unglued. Jeffrey Brown discusses the move with a reporter in Athens and a market analyst.

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Nov. 1, 2011
Report
Greece's Call for Referendum on Bailout Sends Markets Tumbling
Markets dropped Tuesday when Greece's leaders called for a referendum to the massive bailout package that emerged from an emergency summit last week. Jeffrey Brown reports.

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Nov. 1, 2011
Blog
A Recap of Paul Solman's Inequality Chat
Paul took to the social media sphere for an hour-long live Q&A session on a topic that's sparked quite a healthy debate on our pages: economic inequality. You can see it all here, but we've rounded up and ordered the two-dozen queries and responses below, along with some additional information and reporting.


Nov. 1, 2011
Blog
Greece Calls for Referendum on Bailout, Markets Fall Sharply
Greece's leaders have called for a referendum on the massive bailout package that emerged from an emergency summit in Brussels last week, sending markets sharply downward Tuesday as fears grow that the deal may not be implemented.

OCTOBER
Oct. 31, 2011
Conversation
Wife, Son Give Texture to 'the Way Madoff Kept Them in the Dark'
Nearly three years after the Bernie Madoff Ponzi scheme scandal erupted, wife Ruth Madoff and son Andrew are telling their side of the story. Gwen Ifill and "Wizard of Lies" author Diana Henriques take a deeper look into the Madoff family.

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Oct. 31, 2011
Blog
The Inequality Dilemma
It's a welcome moment when we TV reporters get mail, since we usually talk to an invisible audience. I'm especially glad to respond to this latest landslide, hostile though most of it has been, since the issue is one to which I attach the greatest importance, especially as our economy tries to slog ahead: inequality in America.


Oct. 28, 2011
Video
'The Informant' Tracks Latest on Calif. Prison Overcrowding, Occupy Oakland
The Informant blog by KALW Radio in San Francisco tracks the latest news and developments in cops, courts and communities in the Bay Area. We checked in with lead reporter Rina Palta on Friday afternoon to hear more about the top stories she has been covering recently: "realignment" of California prisons and Occupy Oakland.

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Oct. 28, 2011
Report
Revisiting Evansville, Two Years After Whirlpool's Move South
Two years ago, Whirlpool shuttered a factory in Evansville, Ind., and transferred production to Mexico after the implementation of the North American Free Trade Agreement. In this excerpt from "Need To Know," correspondent Rick Karr reports on what has happened in Evansville after the company's move south.

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Oct. 28, 2011
Report
For Undocumented Workers, It's Not-so-Sweet Home Alabama
The controversial Alabama immigration law, know as HB 56, instructs employers to check a worker's immigration status with the government's E-Verify system. Paul Solman reports from Alabama on how one of the nation's toughest immigration laws affects workers and employers.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 28, 2011
Analysis
U.S. Corporations 'in Good Financial Shape,' but Still Reluctant to Hire
World markets deflated some on Friday as jubilation over Europe's debt deal subsided, but it was still Wall Street's best month in more than a decade. Judy Woodruff discusses what these developments mean for the U.S. economic recovery with Neil Irwin of The Washington Post.

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Oct. 28, 2011
Report
Wall Street Completes Best Month in More Than a Decade
Wall Street may not have moved much on Friday, but throughout October, the closing bell brought good tidings for investors more often than not. Judy Woodruff reports on the best month for the markets in more than a decade.

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Oct. 28, 2011
Blog
Ala.'s Sen. Beason on Aborigines, 'the Clip'
We asked Ala. state senator Scott Beason about some comments he made which some have called racist. In one, he referred to a casino's black patrons as 'aborigines'. And earlier this year, Beason told Alabama Republicans to "empty the clip and do what has to be done," in order to address illegal immigration.

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Oct. 28, 2011
Blog
Despite Rhetorical Gridlock, House Leaders Claim to Want a Deficit Deal
A day after Democrats on the bipartisan supercommittee leaked a proposal to "go big" and reduce the deficit by $3 trillion over 10 years by cutting entitlement spending and raising taxes, Republicans introduced a counteroffer: $2.2 trillion in deficit reduction that includes cuts but no tax increases.


Oct. 27, 2011
Blog
Should We All Buy Savings Bonds?
In this debt crisis, what would the effect be if many citizens bought savings bonds? What would the effect be on the citizens and on the debt situation?


Oct. 27, 2011
Analysis
While Netflix Stumbles, Competitors See New Opportunity
Major changes to the Netflix rental system sent its stock plummeting Tuesday after losing 800,000 customers between June and September. Margret Warner discusses Netflix's recent business troubles with StreamingMedia.com's Eric Schumacher-Rasmussen and The Washington Post's Cecilia Kang.

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Oct. 27, 2011
Report
News Wrap: U.S. Economic Growth Calms Fears of Double-Dip Recession
In other news Thursday, the U.S. economy showed just enough life during the summer to calm fears that a double-dip recession is near. The Department of Commerce reported that growth hit an annual rate of 2.5 percent from July through September. Also, Republicans on the congressional super committee offered their deficit plan.

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Oct. 27, 2011
Analysis
Will Europe's Debt Deal Calm Fears of Prolonged Recessions?
European leaders reached a deal over their debt crisis at an emergency summit Thursday in Brussels. Jeffrey Brown discusses how the new agreement is expected to help solve the eurozone's problems with Joao Vale de Almeida of the Delegation of the European Union to the United States and Eswar Prasad of Cornell University.

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Oct. 27, 2011
Report
Global Markets Surge on News of European Debt Deal
Global markets surged Thursday after European leaders clinched a deal to contain the continent's debt crisis at an emergency summit in Brussels. Jeffrey Brown reports.

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Oct. 27, 2011
Blog
European Leaders Reach Debt Deal, Greek Debtholders Take 50% Loss
At an emergency summit in Brussels, European leaders reached a debt crisis deal in which banks would accept a 50 percent loss on Greece's debt and the eurozone's bailout fund would grow to roughly 1 trillion euros, a deal that bolstered European markets and eased fears of an imminent Greek default.

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Oct. 26, 2011
Report
Super Committee Considers Spending Cuts, Tax Hikes as Deadline Looms
With its Thanksgiving deadline drawing ever closer, the congressional deficit "super committee" held a rare public hearing Wednesday over its debt negotiations, but there have been few signs of progress in the members' efforts to cut more than $1 trillion from the federal budget. Congressional correspondent Kwame Holman reports.

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Oct. 26, 2011
Report
Does U.S. Economic Inequality Have a Good Side?
A new Congressional Budget Office analysis supports the idea that income inequality has grown considerably over the past few decades. As part of his Making Sen$e series on economic inequality, Paul Solman talks to libertarian law professor Richard Epstein, who argues that wealth inequality acts as a driving force for innovation.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 26, 2011
Report
After Arrests, Occupy Oakland Protesters Vow to Return
Chaos erupted Tuesday night in downtown Oakland, Calif., as police dispersed crowds from the Occupy Oakland movement in the plaza in front of City Hall. Correspondent Spencer Michels reports from the center of the confrontation.

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Oct. 26, 2011
Newsmaker Interview
UAW President Bob King on New Contracts: Top Priority Was Creating Jobs
Chrysler's workers on Wednesday became the last of the Big Three to ratify a new four-year labor contract. United Auto Workers officials fought hard to get members to OK the contracts after several major plants voted against the deals. UAW President Bob King discusses the contract and state of the industry with Jeffrey Brown.

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Oct. 26, 2011
Analysis
In EU Efforts to Fix Debt Crisis, Divisions Remain and Questions Unanswered
The German Parliament passed a measure to boost a bailout fund for the eurozone as leaders arrived in Brussels for an emergency European Union summit. Margret Warner discusses what EU leaders hope to accomplish at the summit with Zanny Minton Beddoes of The Economist magazine.

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Oct. 26, 2011
Report
European Leaders Seek Solutions to Debt Crisis at EU Summit
European Union leaders gathered Wednesday in Brussels in hopes of reaching a deal to bolster Eurozone relief funds and contain Greece's debt crisis. Laura Kuenssberg of Independent Television News reports from Brussels.

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Oct. 26, 2011
Report
News Wrap: Rajat Gupta Pleads Not Guilty to Insider Trading Charges
In other news Wednesday, former Goldman Sachs board member Rajat Gupta pleaded not guilty to federal charges of insiders trading. Gupta is accused in the largest insider trading case in history. Also, the death toll from Sunday's earthquake in Turkey rose to at least 461.

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Oct. 26, 2011
Analysis
Obama's Student Loan Relief Plan: How Helpful Would it Be?
President Obama outlined a plan to speed up help for millions of Americans struggling with the cost of higher education. Gwen Ifill discusses the president's effort to ease the burden of student loans with "Generation Debt" author Anya Kamenetz and Jeff Selingo of the Chronicle of Higher Education.

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Oct. 26, 2011
Blog
Join Paul Solman for a Chat about Economic Inequality in America
How has economic inequality affected you? Is it a good thing? Bad? Should we just get over the fact that inequality exists, as one commenter on Facebook suggested?


Oct. 26, 2011
Blog
Flat Taxes: How Would GOP Plans Affect Different Community Types?
As the early stages of the 2012 campaign progress, a new question has come into play: Are the rich really different? Or, more specifically, should they be treated differently in the U.S. tax code?


Oct. 26, 2011
Blog
Which Cities Have the Biggest Gaps Between Rich and Poor?
The U.S. Census Bureau released a report Wednesday outlining where different U.S. cities fall on the scale of income inequality. See where your city and state fall on the scale with our graphic.


Oct. 26, 2011
Blog
EU Leaders Meet to Tackle Debt Crisis
European Union leaders are meeting in Brussels Wednesday in an attempt to reach a deal to expand aid for debt-laden countries in the eurozone amid fears that Greece's debt woes will spread.


Oct. 25, 2011
Blog
Perry's Last Bid to Regain the Right
Texas Gov. Rick Perry came out of the gate in the 2012 Republican nomination process with a bang: After announcing his candidacy on Aug. 13, Perry dominated many of the polls by mid-September. He has since plunged in the polls.


Oct. 25, 2011
Report
News Wrap: New Doubts Over Greek Debt Arise Before Eurozone Summit
In other news Tuesday, new doubts arose about plans to tackle Europe's debt crisis on the eve of a eurozone summit. Officials said the 17 countries have yet to agree on details of how to reduce Greece's debts. Also, police in Oakland, Calif., broke up an anti-Wall Street protest with tear gas and arrested at least 75 people.

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Oct. 25, 2011
Blog
Dwelling on the Good and Bad: U.S. Housing Prices at the Moment
Paul Solman answers a readers question about our reporting on housing price data - and whether we're "always dwelling on the bad and not the good."


Oct. 24, 2011
Analysis
Would Obama's Refinancing Plan Boost Ailing Housing Market?
With millions of Americans "underwater" on their mortgages and millions of homes facing foreclosure, President Obama unveiled a revamped home-loan refinancing program Monday during a stop in Nevada, which has the country's highest foreclosure rate. Judy Woodruff and guests examine the politics and substance of the plan.

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Oct. 24, 2011
Blog
Will Alabama's Immigration Law Cause Short-term Hiccup or Long-term Heartache?
We just got back from several days in Alabama to report on the impact of the state's new immigration law. Passed by the Republican-controlled state legislature in June, HB56 went into effect last month and is considered by many to be the toughest immigration law in the country.


Oct. 24, 2011
Blog
President Obama Moves From 'Pass This Bill' to 'We Can't Wait'
White House advisers unveiled a new focus on executive actions President Obama can take in the face of congressional opposition to his jobs bill. Team Obama is moving from "pass this bill" to "we can't wait."


Oct. 21, 2011
Conversation
Michael Lewis' 'Boomerang': 'Money Thrown Out in Hope, Coming Back in Anger'
What caused the economic troubles in Iceland, Greece, Ireland, Germany and elsewhere? Author Michael Lewis has some controversial theories involving sweeping character assessments of each nation. Lewis -- known for "Money Ball" and "The Blind Side" -- discusses his new book, "Boomerang," with economics correspondent Paul Solman.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 21, 2011
Blog
'Margin Call': Calm Before the Storm of 2008 Financial Crisis
The 2008 financial collapse is a complex phenomenon to fathom. It's an even harder phenomenon to recreate in a cinematic narrative. "Margin Call" takes on that challenge and offers a fictional account of the first 24 hours inside a Wall Street financial firm as it discovers that it's over-run with toxic assets.

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Oct. 21, 2011
Blog
The Role of Salesmen in the Subprime Mortage Mess
Question: The news media has explored the role many players played in the subprime mess. But no one has explored the role salesman played. How do you sell junk around the world and get paid top dollar for it? This is salesmanship! Why is it that the same salesmen do not sell U.S. manufactured goods around the world instead?


Oct. 21, 2011
Blog
Senate Blocks State Aid for Teachers, First Responders
President Obama's plan to break his jobs bill into pieces doesn't seem to be enhancing the chances that legislation actually gets to his desk for his signature. The Senate blocked the first stand-alone measure, one that was aimed at providing states with federal aid to retain or hire teachers, police officers and firefighters.


Oct. 20, 2011
Blog
The Housing Mess Drags on ... and on
It is all but impossible to pinpoint one key problem in the U.S. economy -- manufacturing declines, global competition and international economic tensions could all be cited. But the intractable housing mess clearly sits somewhere near the center of the larger problems.


Oct. 19, 2011
Analysis
Do Large Banks' Troubles Show They're Too Big to Manage?
Goldman Sachs announced a $428 million quarterly loss Tuesday, just its second loss since going public in 1999. Jeffrey Brown discusses the state, the future and regulation of large American banks with banking industry consultant Bert Ely and Simon Johnson, former chief economist of the International Monetary Fund.

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Oct. 19, 2011
Report
News Wrap: Federal Reserve Reports Slight Improvement in U.S. Economy
In other news Wednesday, the Federal Reserve reported that the U.S. economy improved slightly in most regions in September and early October. Also, Citigroup agreed to $285 million in fines and repayments to investors to settle charges it committed civil fraud before the housing collapse.

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Oct. 19, 2011
Analysis
Greece Faces 'a Make or Break Moment' as Austerity Protests Swell
Riots erupted Wednesday in Athens, Greece, as tens of thousands protested another round of tax hikes and spending cuts. Judy Woodruff gets an update on the riots, concerns over the nation's future job market and the physical toll that stress is taking on some Greeks from reporter John Psaropoulos in Athens.

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Oct. 19, 2011
Report
Riots Erupt Over Greece's Latest Round of Austerity Measures
A 100,000-strong protest erupted into rioting that lasted for hours Wednesday in Athens, Greece. Martin Geissler of Independent Television News reports on the trouble that broke out during a general strike over more austerity measures.

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Oct. 19, 2011
Blog
The Ballad of a Would-Be, Too-Big-to-Fail Banker
Our favorite country-western money manager, Harvard-trained Nashville econo-crooner Merle Hazard, has collaborated with brilliant lyricist Marcy Shaffer to produce his slickest video to date: the tuneful tale of a would-be banker who travels to Charlotte, N.C., to meet up with a mogul of modern-day finance, "Diamond Jim."

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Oct. 18, 2011
Report
How Bright Is Solar Power's Future in a Post-Solyndra America?
After the Obama administration-embraced solar-panel company Solyndra collapsed and defaulted on its government-backed loans, the surging U.S. solar industry is suddenly worried that the subsidies it receives -- tax credits and loans guarantees -- could dry up in the face of opposition from conservatives. Spencer Michels reports.

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Oct. 18, 2011
Report
News Wrap: Obama Presses Senate to Pass Parts of Jobs Bill
In other news Tuesday, President Obama was back on his bus tour in North Carolina and Virginia. He pressed the Senate to pass parts of his jobs bill, which Republicans blocked last week. Also, Wall Street bounced back, recouping much of Monday's losses.

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Oct. 18, 2011
Blog
Economics: The Study of Us
Paul Solman answers a reader's question about what, exactly, economics is.


Oct. 17, 2011
Analysis
FCC's Genachowski: New Alerts Aim to Limit 'Bill Shock' for Wireless Users
Most cell phone users purchase a plan with limits on how long they can talk, text or browse the Web each month, but it can be tough to track usage. Ray Suarez discusses new consumer-friendly rules for wireless companies to send their customers over-usage alerts with Federal Communications Commission Chairman Julius Genachowski.

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Oct. 17, 2011
Analysis
Will Occupy Wall Street Movement Stand Apart From U.S. Party Politics?
As economic protests spread globally, world leaders took note of the movements' possible implications. Jeffrey Brown discusses the causes, strengths and weaknesses of the growing protests in the U.S. and abroad with Yes! Magazine's Sarah van Gelder, Josh Barro of the Manhattan Institute and Yale University's Beverly Gage.

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Oct. 17, 2011
Report
World Leaders Weigh Impact of Spreading Occupy Wall Street Protests
President Obama drew on public discontent Monday without directly mentioning the growing anti-Wall Street movement as he promoted his jobs bill in Asheville, N.C. Kwame Holman reports on the protests that are popping up around the world.

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Oct. 17, 2011
Blog
Protecting Lifetime Income
Question: OK, no millions in $20s under the mattress. Should a single, 69-year-old woman get out of stocks and mutual funds and stick it all in a bank account? I don't have time to wait for a market recovery if things go south, and I don't want to outlive my money.


Oct. 17, 2011
Blog
Around the Nation: The Occupy Movement
What began as Occupy Wall Street protests in New York has now spread to cities across the United States. Here's a roundup of the latest public media coverage of the weekend protests from Minneapolis to Raleigh, N.C.


Oct. 17, 2011
Slide Show
Occupy Wall Street Movement Expands to International Cities
Following weeks of protests in New York and other cities in the United States, demonstrators took to the streets in locations around the world in similarly fashioned protests over the weekend, resulting in hundreds of arrests.


Oct. 17, 2011
Blog
Hundreds Arrested World-wide in Latest 'Occupy Wall Street' Protests
Following weeks of protests in New York and other cities in the United States, demonstrators took to the streets in hundreds of locations around the world in similarly fashioned protests over the weekend, resulting in hundreds of arrests.


Oct. 14, 2011
Blog
Chinese Housing Bubble: A Troubling Update from Beijing
In this latest dispatch from China, stand-up economist Yoram Bauman explores the possibility of a Beijing housing bubble.

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Oct. 13, 2011
Analysis
Alabama's Immigration Law: Assessing the Economic, Social Impact
The economical and social effects of Alabama's new immigration law are starting to show. Judy Woodruff discusses the impact with Grow Alabama's Jerry Spencer, State Rep. Mike Ball, R-Huntsville, and the Rosa Toussaint-Ortiz of the Hispanic-Latino Advisory Committee.

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Oct. 13, 2011
Update
GOP Lawmakers Counter Obama's Jobs Bill With Tax, Spending Reform Plan
Responding and reacting to public calls for jobs, Senate Republicans on Thursday unveiled their own jobs plan, "The Jobs Through Growth Act" -- one they say will create 5 million jobs.


Oct. 13, 2011
Blog
How Happy Are Americans?
The 40-nation Organization for Economic Co-operation and Development has just released the published version of its study of well-being, reported on Making Sen$e some months ago. We thought the OECD's summary of the highlights would be worth sharing.


Oct. 13, 2011
Blog
Lee Visits White House on Heels of South Korea Trade Deal
One day after Congress signed off on trade deals with South Korea, Colombia and Panama, South Korean President Lee Myung-bak kicked off a state visit Thursday. President Obama called passage of the agreement "a major win for American workers and businesses."


Oct. 12, 2011
Analysis
UAW, Big 3 Reach Agreement Amid New Economic Climate
The United Auto Workers has reached a deal for a new contract with Chrysler after working out similar deals with GM and Ford. Jeffrey Brown discusses what these new labor contracts might mean for workers and the Big Three automakers with Changing Gears' Micheline Maynard and David Shepardson of The Detroit News.

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Oct. 12, 2011
Report
Georgia Works Jobs Training Program: a Peach or the Pits?
One provision of President Obama's jobs bill that has some bipartisan support is modeled after a program in Georgia that allows employers to try out workers for eight weeks on a volunteer basis while the person receives unemployment benefits and training. Paul Solman explores Georgia Works' pros and cons, plus its scalability.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 12, 2011
Blog
Woodruff: GOP Contenders Point the Finger at Washington for Economic Woes
One by one, each of the eight GOP contenders took turns attacking the federal government, even blaming Washington rather than Wall Street for the 2008 financial collapse.


Oct. 12, 2011
Blog
What is Georgia Works and Why Does the President Consider it a Model?
President Obama has called Georgia Works "smart" and modeled part of his Americans Jobs Act after it and the program has support from both Republicans and Democrats. So what is Georgia Works, and how does it relate to the President's plan? Here's a snapshot.


Oct. 12, 2011
Slide Show
Could 'Georgia Works' Work on a National Level?
Georgia Works is a program touted for helping unemployed residents get back to work by pairing job seekers with employers who are willing to promise on-the-job training. The program has support from both Republicans and Democrats.So what is Georgia Works, and how does it compare to the President's plan? Here's a snapshot.


Oct. 11, 2011
Report
Stalling Economy Forces Pennsylvania Schools to Put Dreams on Hold
The weak economy is contributing to -- and magnifying the problems -- of some school districts around the United States. John Merrow, the NewsHour's special correspondent for education, reports on the problems one Pennsylvania district is facing.

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Oct. 11, 2011
Blog
Should I Refinance My Mortgage to a Fixed Rate?
Business and economics correspondent Paul Solman answers a reader's question about whether refinancing his mortgage at a fixed rate is a good idea when variable interest rates are currently so low.


Oct. 11, 2011
Blog
Are Occupy Wall Street, Tea Party Signs of Building Populist Movements?
The "Occupy Together" and Tea Party movements do not come as a big surprise to Patchwork Nation. We have argued for some time that the United States is ripe for some kind populist uprising in the next decade, due to ongoing economic and cultural shifts. And they may be just the beginning.


Oct. 10, 2011
Blog
Keystone Oil Pipeline Project Divides Nebraska Residents
Many Nebraskans have little interest in helping TransCanada, the company seeking to build the pipeline, which would stretch 1,700 miles from northern Alberta to Texas.


Oct. 10, 2011
Report
News Wrap: Americans Win Nobel for Economic Growth, Inflation Research
In other news Monday, two Americans won the 2011 Nobel Prize in economics. Christopher Sims and Thomas Sargent were honored for their work in the 1970s and '80s on how government policies can affect economic growth and inflation. Also, Syrian human rights activists reported that weekend clashes killed at least 31 people.

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Oct. 10, 2011
Blog
In Wake of Qwikster's Hasty Death, Netflix Faces Questions of Its Own
Can you declare a company dead if it never actually began doing business?It's a slightly existential question one might pose to those who would have run Qwikster, the DVD-by-mail business that Netflix said it was launching just three weeks ago.


Oct. 10, 2011
Blog
Leather Muppet to Stephen Colbert: You Are What You Eat
Business and economics correspondent Paul Solman had a 'transformative' experience after Stephen Colbert poked fun at him during a recent episode of 'The Colbert Report.'

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Oct. 7, 2011
Report
W, V, U or L: How Is the Economic Recovery Shaping Up, Literally?
The latest unemployment figures out Friday reinforce the notion that the U.S. economy remains weak when compared to recoveries of the past. As part of his reporting on Making Sen$e of financial news, Paul Solman visits with economist Simon Johnson for a checkup on what shape the economic recovery is taking.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 7, 2011
Report
News Wrap: U.S. Gained Jobs in Sept., But Unemployment Sticks at 9.1%
In other news Friday, the Labor Department reported that the U.S. economy gained a net 103,000 jobs in September, but the unemployment rate stayed put. However, much of the total came from 45,000 Verizon workers rehired after striking. In Syria, activists reported that troops opened fire again on protesters after Friday prayers.

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Oct. 7, 2011
Blog
More Americans Working Part-Time, Looking for Full-Time Jobs
Well, interestingly good news on the jobs front, it would appear. Again, the proviso: Don't take any given month's unemployment numbers too seriously.


Oct. 6, 2011
Report
News Wrap: Anti-Wall Street Protests Spread to D.C., Los Angeles
In other news Thursday, several hundred people formed a symbolic "99 percent" figure in Washington. They said the top 1 percent of Americans control far more wealth and power than the other 99 percent. Also, the U.S. Senate headed toward a final vote on a bill to punish China for manipulating its currency.

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Oct. 6, 2011
Blog
Steve Jobs in 1985: Apple Has 'Common Vision' on Changing the World
Upon the death of Steve Jobs, we dipped into the NewsHour's video vault for past coverage of Apple and Jobs.

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Oct. 5, 2011
Blog
Apple's Steve Jobs Dies at Age 56
Apple said in a brief statement late Wednesday that company co-founder and CEO Steve Jobs -- who has been battling cancer -- has died.

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Oct. 5, 2011
Conversation
Google's Schmidt on the 'Winners and Losers' in Search Rankings
Google is being investigated as to whether it may be violating anti-trust law in how it ranks websites when consumers do searches. Gwen Ifill talks to Google's Executive Chairman Eric Schmidt as part of the Atlantic and Aspen Ideas Forum.

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Oct. 5, 2011
Report
'Occupy Wall Street' Protests Give Voice to Anger Over Greed, Corporate Culture
The protests against Wall Street gained new momentum on Wednesday, when union members and students joined the demonstration and marched through the streets of lower Manhattan. Paul Solman visits the budding movement's base camp.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 5, 2011
Report
News Wrap: U.S., European Markets Recoup Some Losses
In other news Wednesday, stock markets in the U.S. and Europe recouped more of their recent losses. They rallied on news that policy makers are working on plans to support ailing European banks. Also, Texas Gov. Rick Perry reported raising $17 million since he joint the GOP presidential field.

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Oct. 5, 2011
Analysis
Dems Pitch New Plan to Fund Jobs Bill: A Tax on Millionaires
Democratic leaders in the Senate proposed a surtax on millionaires on Wednesday to pay for President Obama's jobs bill. Jeffrey Brown discusses the move and its prospects with WNYC Radio's Todd Zwillich.

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Oct. 5, 2011
Blog
Eric Schmidt on Google vs. Facebook
Gwen Ifill interviewed Google's Eric Schmidt -- the company's former CEO and current executive chairman -- as part of the Washington Ideas Forum Wednesday.

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Oct. 5, 2011
Blog
Reid Pitches Tax on Those Making More Than $1 Million to Fund Jobs Plan
Senate Majority Leader Harry Reid has proposed replacing the tax increases offered by President Obama to pay for the president's $447 billion dollar jobs package with a surtax on millionaires -- raising the top rate to 39.6 percent on individuals with an adjusted gross income of more than $1 million.


Oct. 5, 2011
Blog
A Day with the Occupiers of Wall Street
We spent Tuesday at the Occupy Wall Street site in lower Manhattan, a stone's throw from ground zero. For those of us old enough to remember such gatherings in the so-called Sixties ('64-'74), the similarities were striking: spontaneity, solidarity, earnestness, and, of course, dissatisfaction with the status quo.


Oct. 5, 2011
Slide Show
A Day with the Occupiers of Wall Street
We spent yesterday at the Occupy Wall St. site in lower Manhattan, a stone's throw from ground zero. For those of us old enough to remember such gatherings in the so-called Sixties ('64-'74), the similarities were striking: spontaneity, solidarity, earnestness, and, of course, dissatisfaction with the status quo.


Oct. 4, 2011
Analysis
In a Weak Economy, Why Is CEO Pay on the Rise?
Median executive compensation has more than quadrupled over the last four decades, even through the latest financial crisis. Margaret Warner explores how CEOs can still command such salaries and benefits in light of the recession with Michael Faulkender of the University of Maryland and James Stewart of The New York Times.

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Oct. 4, 2011
Report
News Wrap: Bernanke Says Fed Stimulus Is Critical to Prevent New Recession
In other news Tuesday, Federal Reserve Chairman Ben Bernanke issued a new warning about the U.S. economic recovery before a congressional committee. He defended the Fed's latest stimulus efforts and said they are critical to prevent a new recession. Also, stocks in Europe fell sharply amid fears that Greece will default.

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Oct. 4, 2011
Blog
Does Oil Speculation Cause Price Spikes?
Paul Solman answers a viewers question about oil regulations, speculation and the price of gas.


Oct. 4, 2011
Blog
Long-Stalled Trade Agreement with South Korea Sees Some Light
Shortly before a state visit to Washington by South Korean President Lee Myung-bak, President Obama sent the long-pending trade deal to Congress -- a move that seems to have broken a show-me-first deadlock between the White House and congressional Republicans.


Oct. 3, 2011
Report
Senate Considers Bill to Punish China Over Currency Valuation
For years, American lawmakers have targeted China's currency, saying it has been deliberately undervalued to give Chinese companies price advantages in international trade. Kwame Holman reports on a Senate bill under consideration that would allow countervailing duties on Chinese good for currency manipulation.

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Oct. 3, 2011
Report
News Wrap: Stocks Drop on News Greece Will Fail to Meet Deficit Target
In other news Monday, global markets took another hit over news that Greece will miss the deficit targets it agreed to under a bailout plan. The revelation added fuel to the fears of a partial default. Also, an appeals court jury in Italy threw out the murder convictions of American student Amanda Knox and her former boyfriend.

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Oct. 3, 2011
Analysis
Wall Street Protests Spread, Channeling Anger at Corporate, Political Forces
Protesters in the Occupy Wall Street movement are maintaining a growing campaign against corporate and political forces that they say are fueling economic inequality in America. Judy Woodruff examines who's involved in the protests and what they're seeking with WNYC Radio's Arun Venugopal and DNAinfo.com's Julie Shapiro.

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Oct. 3, 2011
Blog
Slide Show: Occupy Wall Street Protests Expand
The Occupy Wall Street protests gained more attention this weekend when 700 protesters were arrested while marching on the Brooklyn Bridge on Saturday and protests spread to several other cities.


Oct. 3, 2011
Blog
If Banks Don't Fail, How Will They Learn?
Paul Solman answers questions from NewsHour viewers and web users on business and economic news here on his Making Sen$e page. Here's Monday's query, about the housing crisis and letting banks fail.


Oct. 3, 2011
Blog
Stocks Fall Over Fear of Greek Default, 3 Awarded Nobel Prize for Medicine
Fears over Greece's debt crises drove stocks in Europe and Asia down Monday after Greece acknowledged over the weekend that it would not be able to meet its goals for deficit reduction, cuts which are part of the bailout package from other European nations and the International Monetary Fund.

SEPTEMBER
Sept. 30, 2011
Debate
Bank of America Adds Monthly Debit Card Fee, Risking Public Ire
Bank of America announced Thursday it will tack on a new $5 monthly fee for customers who use a debit card to make purchases. Jeffrey Brown leads a debate about the new fees and what they mean for banks and consumers with David Lazarus of The Los Angeles Times and Richard Hunt of The Consumer Bankers Association.

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Sept. 30, 2011
Blog
Case on the Latest Case-Shiller Housing Numbers - In Verse!
Karl 'Chip' Case of the Case-Shiller Housing Index has long been among our most treasured sources.


Sept. 29, 2011
Report
News Wrap: Survey Finds CEOs Cutting Back on Hiring
In other news Thursday, a Business Roundtable survey showed only a third of CEOs in the United States planed to hire more workers in the next six months while two-thirds expected increased sales over the same period. Also, childhood poverty for Hispanics now exceeds every other demographic group in the U.S. for the first time.

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Sept. 29, 2011
Analysis
Europe Faces 'Terra Nova' in Efforts to Avoid Financial Crisis
The German government won a critical vote to greatly increase financial support for a European bailout fund, which could ease the way to a partial default in Greece. Jeffrey Brown discusses the German vote and the worldwide worries over European debt with The Globalist's Stefan Richter and The New York Times' Nicholas Kulish.

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Sept. 29, 2011
Report
German Lawmakers Approve Boost for European Rescue Fund
The German government won a critical vote to expand a European bailout fund, which greatly increased the country's financial support for Greece and other neighboring nations that are struggling with debt. Independent Television News' Faisal Islam reports on the move that could ease the way for a partial default in Greece.

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Sept. 29, 2011
Blog
World Inequality: Trot the Globe Without Leaving Your Seat
To accompany our ongoing NewsHour series on economic inequality, we present today an interactive world inequality map based on data from the World Bank.


Sept. 28, 2011
Report
Inequality Hurts: The Unhealthy Side Effects of Economic Disparity
As part of our series on economic inequality, Paul Solman investigates the health effects that inequality can have on individuals and society. To determine the hidden costs, he speaks with epidemiologists, former six-figure income earners who are chronically unemployed and poor teenagers who struggle with inequality each day.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 28, 2011
Report
News Wrap: GM Factory Workers Ratify New 4-Year Contract
In other news Wednesday, factory workers at General Motors overwhelmingly ratified a new four-year contract. It doesn't include any pay raises, but 48,000 hourly employees will get a $5,000 signing bonus plus profit-sharing checks. Also, gunmen in southern Afghanistan attacked and killed eight police at a checkpoint.

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Sept. 28, 2011
Blog
Can Social Security, Medicare Be Considered Wealth?
Economist Robert Lerman argued that such programs as Social Security and Medicare can reasonably be included in the definition of one's wealth. And if it is, inequality between rich and poor Americans is actually less drastic. Many of you wrote in to question and express disagreement with his analysis. Here. he's responded.


Sept. 27, 2011
Report
News Wrap: European Markets Notch Biggest Gains in 16 Months
In other news Tuesday, European stocks scored their biggest gains in 16 months. Investors took heart as German, Greek and British leaders insisted they're working to resolve the debt crisis. Also, the U.S. Congress avoided a government shutdown for now when the Senate passed a deal to keep federal agencies open through Nov. 18.

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Sept. 27, 2011
Analysis
Cities Hit Hard by Slump, Adding to Cloudy Economic Picture
As the nation's economic woes mount, evidence of continuing trouble can be found in city revenues, the housing market and high unemployment rates. Gwen Ifill discusses the big picture with Patchwork Nation Director Dante Chinni, Howard Wial of the Brookings Institution and Christopher Hoene of the National League of Cities.

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Sept. 27, 2011
Blog
Housing Prices Are Moving On Up
Movin' on up. That's one way of wording the latest Case-Shiller housing price numbers, up 3.6 percent since their 20-city index bottomed out in March. Prices are still down from one year ago, however, and back almost exactly to where they were in the summer of 2003, before the mortgage-backed securities run-up began.


Sept. 27, 2011
Blog
Tracking Economic Woes, From Cities to Housing to Family Income
We take a broad look at the nation's economic woes on Tuesday's NewsHour -- troubles ranging from unemployment to housing to household incomes.


Sept. 27, 2011
Blog
Survey: Health Care Premiums Soar for Many Employees
Premiums for employer-sponsored health coverage shot up 9 percent last year. That's significantly more than the average increase in wages, according to a new survey from the Kaiser Family Foundation and the Health Research & Education Trust.

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Sept. 27, 2011
Blog
Greece Says it Will Receive Bailout Funds, Typhoon Lashes Philippines
Greece's finance minister, Evangelos Venizelos, has said his country will receive the next installment of bailout funds in order to avoid defaulting on its debt and further destabilizing the global financial market. Greek. Also, Typhoon Nesat has brought flooding, power outages, and landslides to the Philippine island of Luzon.


Sept. 26, 2011
Analysis
Amid New Strikes in Greece, 'a Constant Tension in the Air'
The Greek Parliament is set to vote Tuesday on a key part of a new austerity package that would include a new property tax paid through electricity bills. Jeffrey Brown discusses efforts to keep the nation from defaulting with freelance reporter John Psaropoulos in Athens.

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Sept. 26, 2011
Report
Global Markets Rally as Hope Emerges for Greek Bailout
Global markets rallied on Monday on hopes that European leaders would take steps to rescue Greece from default. Ray Suarez reports.

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Sept. 26, 2011
Blog
Is the Conventional Wisdom on Social Security Correct?
Economics correspondent Paul Solman answers a question from a viewer who weighs the pros and cons between delaying Social Security benefits until the age of 70 and collecting at the age of 66.


Sept. 23, 2011
Report
News Wrap: U.S., European Stock Markets Recoup Some Losses
In other news Friday, stock markets on both sides of the Atlantic recouped a little of their losses. Key indexes across Europe and on Wall Street finished the day with gains.

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Sept. 23, 2011
Blog
Which Makes a Better Investment: Gold or Canned Soup?
Economics correspondent Paul Solman answers a question from a reader who wants to know why, in tangible terms, investing in gold will do you any good in a hyperinflation or economic collapse scenario.


Sept. 22, 2011
Blog
A Clarification of Medicare and Medicaid From Our Last Inequality Report
Many viewers took us to task for failing to acknowledge in our report on Wednesday's program that custodial nursing home care is usually paid for by Medicaid, rather than Medicare. They are correct: Medicare generally does not pay for nursing home coverage.

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Sept. 22, 2011
Report
News Wrap: Census Finds Young Adults Hit Hard by Recession
In other news Thursday, U.S. Census numbers show unemployment among those in their 20's is at the highest since World War II.

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Sept. 22, 2011
Analysis
Markets Plunge Despite Latest Fed Efforts to Prop Up Economy
Markets plunged around the world on Thursday amid mounting fears of a global economic recession. Jeffrey Brown discusses what caused the sell-off and the Federal Reserve's latest efforts to prop up the economy with The Economist's Greg Ip and RDQ Economics' John Ryding.

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Sept. 22, 2011
Report
Investors Worldwide Watch Shares Take a Beating
European markets finished at a 26-month low on Thursday, as markets plunged around the world amid mounting fears of a global economic recession. Judy Woodruff reports.

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Sept. 22, 2011
Blog
A Broader View of America's Wealth Inequality
Wednesday's story, featuring economist Robert Lerman's take on the distribution of wealth in the United States, has generated a flood of comments.As promised, here is there more detailed breakdown of how he would slice the pie, factoring in Social Security and Medicare benefits, along with financial and housing assets.

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Sept. 22, 2011
Blog
Single, Jobless and Living at Home: Will Economy Create a 'Lost Generation'?
In record numbers, 20-somethings are delaying big moves like marriage and home ownership -- and opting instead to live at home with their parents. But there was some good news: health insurances rates have gone up.


Sept. 21, 2011
Report
Do Social Safety Net Programs Shrink Gap in U.S. Economic Inequality?
As part of Paul Solman's reporting on Making Sen$e of financial news, The NewsHour has been airing a series on economic inequality. The widening wealth gap in America was examined in a past report, but economist Bob Lerman says those data are flawed because they do not include the value of Social Security and health insurance.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 21, 2011
Report
News Wrap: Federal Reserves Announces New Stimulus Steps
In other news Wednesday, the Federal Reserve said the U.S. economy faces "significant downside risks" and will try some new measures to push down interest rates for home and business loans. Meanwhile, Greek authorities announced more austerity measures that include cutting monthly pensions and suspending more civil servants.

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Sept. 21, 2011
Blog
Easy As Pie: Inequality In Downloadable Charts
You asked, we listened: below are the two sets of inequality pie charts, available for download as PDFs. The first keeps the true counties a secret; the second is an 'answer key' with each country labeled.

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Sept. 21, 2011
Blog
Foreclosures Are Rising - and in the Wrong Places for Overall U.S. Economy
After months of declines, foreclosures were up again in August by about 7 percent compared to July. That's not good news to anyone hoping for an economic turnaround. But look closer at where those foreclosures were in Patchwork Nation's 12 county types and there is even more to be concerned about.


Sept. 21, 2011
Blog
Authors Explore How to 'Give Smart' to Charities When Every Dollar Counts
Even in a sluggish economy, Americans still give away billions of dollars to charitable causes.

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Sept. 20, 2011
Blog
Newly Retired and Looking for Advice to Protect Investments
Paul Solman answers a reader's question concerning investing advice upon retirement.


Sept. 19, 2011
Conversation
Zoellick: Eurozone's Fate Immediately at Stake; U.S. Needs to Address Spending
Markets on Monday continued to show anxiety over the European debt crisis as Greece held an emergency conference with creditors, trying to calm fears of default. Speaking with Judy Woodruff, World Bank President Robert Zoellick urged eurozone nations to make some hard decisions and the U.S. to slow the growth of entitlements.

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Sept. 19, 2011
Report
News Wrap: Efforts Stall to Form Cabinet in Libya's Transitional Government
In other news Monday, Wall Street struggled with more worries over the Greek debt crisis. Also, rebels in Libya tried to regroup to renew fighting against Gadhafi loyalists on two fronts. Meanwhile, efforts to form a new cabinet in the transitional government stalled as some cities complained they were underrepresented.

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Sept. 19, 2011
Analysis
Obama's Deficit Plan Hits Opposition on Hill, But Frames 2012 Fight
President Obama on Monday called for $1.5 trillion in new taxes aimed at wealthy Americans as part of a plan to reduce the deficit by $3 trillion over 10 years. Gwen Ifill discusses the proposal with Phillip Swagel of the American Enterprise Institute and Robert Greenstein of the Center on Budget and Policy Priorities.

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Sept. 19, 2011
Blog
Gauging America's Economic Mood
The email tale below refers to a story of ours on inflation from a while back in which MIT economics professor Roberto Rigobon explained that inflation was on the rise, but that the culprit was the increased overall level of consumption in the United States, not the rise in the price of oil.

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Sept. 19, 2011
Blog
Political Checklist: GOP Calls Obama's Deficit-Reduction Plan 'Class Warfare'
President Obama on Monday unveiled his new recommendations to the Joint Select Committee on deficit reduction -- a $3 trillion, 10-year package that would increase taxes on the wealthy and make some changes to entitlement programs.

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Sept. 19, 2011
Blog
Obama Calls for Taxes on Wealthy in Deficit Reduction Plan
President Obama will call for $1.5 trillion in new taxes as part of plan to find more than $3 trillion in savings.


Sept. 19, 2011
Video
Watch Full Video: Obama Details Plan to Cut Deficit by $3 Trillion
President Obama detailed his plan for deficit reduction in a speech Monday morning in the White House Rose Garden. Watch his full remarks and read House Speaker John Boehner's response to the plan.

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Sept. 16, 2011
Analysis
Egypt's Economy Sinks on Heels of Uprising
Margaret Warner continues her reporting from Cairo with a look at the economic fallout from the country's revolution.

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Sept. 16, 2011
Analysis
Europe Struggles to Craft Debt Solution, Amid Prodding From U.S.
In Wroclaw, Poland on Friday, European Union economic leaders gathered to discuss the economic crisis facing Europe. Jeffrey Brown discusses what's next for the eurozone with The Economist Magazine's Zanny Minton Beddoes.

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Sept. 16, 2011
Report
Europe's Banks Face Escalating Credit Crunch
European Union economic leaders gathered in Poland Friday to discuss the fiscal crisis facing Europe and whether Greece should receive another round of bailout money. Jeffrey Brown reports.

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Sept. 16, 2011
Blog
Does the U.S. Need Full Employment? And Other Questions.
The flood of responses to our story on structural vs. cyclical unemployment deserves some response. Here goes.

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Sept. 15, 2011
Report
News Wrap: Central Banks Rush to Curb Europe's Debt Troubles
In other news Thursday, the Federal Reserve and other central banks moved to stop Europe's debt troubles from triggering a new credit crunch. Also, the House voted to intervene in a federal labor case against Boeing.

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Sept. 15, 2011
Debate
Dem Senator Suggests Obama Jobs Plan Won't Pass in Full
House Speaker John Boehner offered his first major response to President Obama's new American Jobs Act in a speech Thursday. Jeffrey Brown discusses the politics of job creation with Sen. John Barrasso, R-Wyo., and Sen. Ben Cardin, D-Md.

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Sept. 15, 2011
Blog
How Badly are Fear, Finite Resources Hurting the U.S.?
Economics correspondent Paul Solman answers questions from a reader who wonders how fears of terrorism, the increase in automation technology and the Earth's finite resources will impact our economy.


Sept. 15, 2011
Blog
Speaker Boehner to Present GOP's Economic Fixes
One week after President Obama addressed a joint session of Congress, House Speaker John Boehner, R-Ohio, plans to present his policy prescriptions for job growth and the economy.


Sept. 15, 2011
Blog
Sarkozy, Cameron Visit Libya, UBS Trader Responsible for $2 Billion Loss
Also: UBS trader responsible for $2 billion loss, suicide bomber kills at least 20 and wounds 35 in funeral procession in northwest Pakistan, and Marine to receive Medal of Honor at the White House.


Sept. 14, 2011
Report
News Wrap: Eurozone Leaders Focus on Preventing Greek Default
In other news Wednesday, world markets edged slightly higher as traders grew more optimistic about progress in tackling Europe's debt crisis. The leaders of Greece, France and Germany held an emergency teleconference on preventing a Greek default. Also, the Italian Parliament passed a new austerity plan.

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Sept. 14, 2011
Blog
Is There Anything Funny About America's Jobs Problem?
Definitely not. Today we thought we would give you a chance to chuckle -- by rounding up some of our favorite unemployment cartoons.


Sept. 14, 2011
Slide Show
Is There Anything Funny About America's Jobs Problem?
Today we thought we would give you a lighter take on the U.S. unemployment situation. We've rounded up some of our favorite recent political cartoons, which we hope will make you laugh about a subject that these days has made most of us want to cry.


Sept. 14, 2011
Blog
Woodruff: With Poverty on the Rise, Are Reporters Getting the Whole Story?
Washington has suffered some job loss, but less than the rest of the country; the same goes for New York, where much of the rest of the journalism establishment resides. We know a few who have lost work, but it's not an intimate part of our lives.


Sept. 13, 2011
Analysis
Why Are 46 Million Americans Living in Poverty?
The latest Census measurement of U.S. poverty out Tuesday found that 46 million Americans live in poverty. Ray Suarez examines what's behind the highest level of poverty in America since 1993 with Douglas Besharov of the University of Maryland and Isabel Sawhill of the Brookings Institution.

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Sept. 13, 2011
Analysis
How Do Tax Cuts, Hikes Fit Into Obama's American Jobs Act?
President Obama continued to make a case for his American Jobs Act on Tuesday, but GOP leaders remain skeptical. Judy Woodruff discusses the tax aspect of the president's plan to spur job creation with two former top economic advisers, Austan Goolsbee and Martin Feldstein.

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Sept. 13, 2011
Report
News Wrap: Merkel Insists Avoiding Greek Default is a 'Top Priority'
In other news Tuesday, European stocks railed amid new signs that Germany and France will act to prevent Greece from defaulting. German Chancellor Angela Merkel said it's a "top priority" to avoid an uncontrolled default. In Iran, a court set bail of $500,000 apiece for two American hikers, who have been held on spying charges.

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Sept. 13, 2011
Blog
Economic Check-Up Dismal for Many U.S. Families
American families continued to take an economic pounding in 2010, with median household income declining, health insurance rates remaining dreary and the number of Americans living in poverty reaching a 52-year high, the U.S. Census Bureau reported Tuesday.


Sept. 13, 2011
Blog
Effects of Obama, Romney Job Plans Look Very Different Across U.S.
President Obama's nearly $450 billion jobs package is just beginning a long and potentially difficult journey through Congress, but examining the outlines of what he proposed and GOP presidential hopeful Mitt Romney's vision, it appears they are counting on different parts of the country to fuel job creation.


Sept. 13, 2011
Blog
Why Hasn't Technology Created More American Jobs?
Paul Solman answers a viewers question: why hasn't technology created lots of new American jobs?

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Sept. 12, 2011
Analysis
Amid Major Job Cuts, Is Bank of America 'Too Big to Manage'?
Bank of America, the nation's largest lender, announced plans to shrink the company by 30,000 people over the next two years. Judy Woodruff discusses Banks of America's troubles and the growing concerns over interconnected global financial problems with banking expert Bert Ely and Simon Johnson, former IMF chief economist.

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Sept. 12, 2011
Report
News Wrap: Federal Student Loan Default Rate Jumps to 8.8%
In other news Monday, the Department of Education reported that the default rate on federal student loans jumped to 8.8 percent of borrowers in 2010, up from 7 percent in 2008. Also, GOP presidential hopeful Mitt Romney earned former rival Tim Pawlenty's backing while Louisiana Gov. Bobby Jindal endorsed Texas Gov. Rick Perry.

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Sept. 12, 2011
Analysis
Would President Obama's Plan Create 'Right Kind' of U.S. Jobs?
Flanked by workers in industries he says would be helped by his jobs plan, President Obama announced Monday that he was sending his American Jobs Act to Congress. Gwen Ifill discusses the plan's scope and expected effectiveness with Dartmouth College's Matthew Slaughter and the University of California, Berkeley's Robert Reich.

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Sept. 12, 2011
Blog
Political Checklist: Will Republicans Support Obama's Jobs Plan?
EmbedVideo;Political Editor David Chalian and Senior Correspondents Gwen Ifill and Judy Woodruff take a look at the politics behind President Obama's new jobs plan: can he successfully frame opposition to his plan as opposition to economic recovery? And how will Republicans respond?

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Sept. 12, 2011
Blog
Will the American Jobs Act Create Jobs?
"I'm sending this bill to Congress today, and they ought to pass it immediately." That's how President Obama announced his next push for his new jobs bill in the White House Rose Garden Monday morning. He then went on to press the point, citing Republican opposition in a somewhat less conciliatory way than has been his habit.


Sept. 9, 2011
Report
Obama Takes Pitch for $450B American Jobs Act on the Road
President Obama headed to House Majority Leader Eric Cantor's hometown of Richmond, Va., Friday in an effort to get Americans behind the $447 billion American Jobs Act proposal that he presented to Congress on Thursday. Ray Suarez reports.

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Sept. 9, 2011
Blog
Job Seekers React to President Obama's Speech
A day after President Obama's big jobs speech, we checked back in with a group of unemployed Chicago-area workers to get their reaction to his proposal. Here's what folks had to say about the speech.


Sept. 9, 2011
Blog
What Do You Want in a Jobs Plan?
Before, during, and after President Obama's speech to Congress, we asked what you would include in a jobs plan.


Sept. 8, 2011
Analysis
Analysts React: Can Obama's Plan Deliver on Job Growth, Bipartisan Support?
President Obama addressed a joint session of Congress to outline his plan for job creation. Judy Woodruff discusses the president's address with NewsHour Political Editor David Chalian, former Director of the Congressional Budget Office Douglas Holtz-Eakin and Center for American Progress' Heather Boushey.

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Sept. 8, 2011
Blog
Video, Analysis, Tweets: Obama's Jobs Speech
President Obama addressed a joint session of Congress Thursday to outline his plan for job creation and reviving a stumbling economy.


Sept. 8, 2011
Report
Full Text: Obama Vows to Spur Job Creation, 'Jolt' Economy in Speech to Congress
President Obama addresses a joint session of Congress on Thursday evening to outline his plan for job creation and reviving a stumbling economy. Below is the text of his remarks, as released by the White House. This page was updated on Sept. 10.

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Sept. 8, 2011
Analysis
What Can Obama Do to Spur Job Creation?
President Obama will address a joint session of Congress on Thursday evening to outline his plan for job creation and reviving a stumbling economy. Judy Woodruff previews the speech with former director of the Congressional Budget Office Douglas Holtz-Eakin and former economic adviser to Vice President Biden, Jared Bernstein.

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Sept. 8, 2011
Blog
What Job Seekers Are Hoping to Hear in Obama's Jobs Speech
When President Obama outlines his jobs plan Thursday evening before a joint session of Congress, many of America's unemployed will be listening for specifics that will help them out of the unemployment line and into a job. We interviewed folks o find out what they are hoping the president will say in his speech.

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Sept. 8, 2011
Blog
Cantor Tries Softer Tone Ahead of Obama Speech
With President Obama set to address a joint session of Congress about his new jobs agenda, House Majority Leader Eric Cantor, R-Va., said Thursday he was looking for areas of agreement .


Sept. 8, 2011
Blog
Foreclosure Sales Figures Show a Ray of Light in a Dismal Housing Market
In the communities most decimated by the housing crunch, there are signs that all those homes in foreclosure are starting to sell more.


Sept. 8, 2011
Blog
More and More Job Openings Going Unfilled
A number of viewers were struck by our story last Friday on the question over current U.S. unemployment: is it more nearly structural or cyclical in nature? That is, are we simply in a down cycle, or is there a deep mismatch between what jobs there are (or might be) and the skills, or lack of skills, of the American labor force?


Sept. 7, 2011
Report
Obama's Jobs Plan Expected to Carry $300 Billion Price Tag
President Obama and his advisers put the final touches on his jobs plan Wednesday as details began to trickle out about what he's expected to announce Thursday evening in a prime-time address to Congress. Kwame Holman reports on the plan, which is widely estimated to have a $300 billion price tag.

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Sept. 7, 2011
Blog
Why Alan Kreuger Is An Interesting Fit for White House
Alan Krueger of Princeton is President Obama's choice for head of the Council of Economic Advisors. That doesn't mean he gets the job, though, as he needs Senate confirmation.


Sept. 7, 2011
Blog
Political Checklist: What Can Obama Accomplish in His Jobs Speech?
David Chalian and Gwen Ifill preview two major political events. Wednesday night Republican presidential candidates face off in another debate - frontrunner Rick Perry's first. Thursday night President Obama will address a joint session of Congress to seek support for his new jobs plan.

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Sept. 6, 2011
Analysis
Interconnection of U.S., European Markets Adds to Investors' Fears
Across Europe, markets finished Tuesday at their lowest close in more than two years. Jeffrey Brown discusses the growing eurozone debt woes with FusionIQ's Barry Ritholtz and Jacob Kirkegaard of the Peterson Institute for International Economics.

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Sept. 6, 2011
Blog
Romney's Jobs Road Map: Cut Taxes and Decrease Regulation
Former Massachusetts Gov. Mitt Romney unveiled his jobs plan Tuesday -- a series of 59 ideas he claims will update America's economic plan to combat high unemployment while shrinking government.


Sept. 6, 2011
Blog
Is Unemployment Caused by a Skills Mismatch?
Friday's story, "Can America's Jobless Fill American Jobs?" looked at the extent to which high unemployment is structural, and the extent to which it is cyclical.

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Sept. 6, 2011
Blog
Romney to Prescribe Economic Fix and Unveil Jobs Plan
As a new round of national polling out Tuesday tells us, there is nothing more top of mind for American voters than the issue of jobs and the economy. Mitt Romney has talked about the issue almost to the exclusion of all others throughout his campaign.


Sept. 5, 2011
Analysis
Economic Slump Brought a 'Tough Year for Labor'
How powerful are labor unions in the U.S.? Ray Suarez looks at the state of labor unions -- on a day honoring Americans who work -- with the Heritage Foundation's James Sherk, AFL-CIO's Thea Lee and The New York Times' Steven Greehouse.

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Sept. 5, 2011
Blog
Obama Rallies Support Ahead of Jobs Speech
Ahead of a prime-time speech on Thursday on ways to spur job creation, President Obama delivered an address at a GM lot in Detroit, Mich. to gin up support for his plan. Several Republican presidential contenders also seized on the holiday to promote their economic platforms.


Sept. 2, 2011
Report
Can America's Jobless Fill American Jobs?
With the U.S. unemployment rate stuck around 9 percent, economics correspondent Paul Solman explores whether widespread joblessness is simply the result of a weak economy or if a broader shift toward higher-skill work is occurring that could leave many Americans behind even when the economy recovers.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 2, 2011
Report
News Wrap: Government Sues Big Banks Over Risky Mortgages
In other news Friday, the Federal Housing Finance Agency sued 17 major banks over risky mortgages, charging that they misrepresented the quality of mortgage-backed securities before the housing meltdown. Also, President Obama overruled the Environmental Protection Agency and dropped a plan for stricter curbs on industrial smog.

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Sept. 2, 2011
Analysis
Weakest Employment Report in a Year Shows Job Growth Slowing to a Standstill
The unemployment numbers released Friday by the Labor Department constitute the weakest report in a year with no net jobs added in August and that national unemployment rate stuck at 9.1 percent. Ray Suarez discusses what the dismal report means for U.S. economic recovery with Mark Zandi of Moody's Analytics.

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Sept. 2, 2011
Blog
August Jobs Numbers Spell Bad News for Long-Term Growth
Economics correspondent Paul Solman breaks down the August job figures and brings back his "U7" unemployment scale, his own comprehensive number of the un- and underemployed, showing 18.29 percent.


Sept. 2, 2011
Blog
Unemployment Rate Remains 9.1% in August, Zero Net Jobs Added
August unemployment numbers, released Friday by the Bureau of Labor Statistics, remained stagnant as employers added no net jobs -- the first government report of zero new jobs since 1945. The discouraging numbers come days before President Obama is set to deliver a major speech on jobs to Congress.


Sept. 1, 2011
Analysis
Writer Asks: Can the Middle Class Be Saved?
The cover article in the latest issue of The Atlantic magazine asks: "Can the middle class be saved?" Jeffrey Brown speaks with author Don Peck about his take on the erosion of America's middle class.

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Sept. 1, 2011
Report
New Economic Reports Offer Mixed Signals With All Eyes on Job Creation
Economists sifted through a new pile of data Thursday on the state of the U.S. recovery, with some glimmers of hope in manufacturing and retail sales. Ray Suarez reports on the state of the U.S. recovery and the Obama administration's lowered expectations for what's to come.

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Sept. 1, 2011
Blog
Is Fed Policy of Interest on Excess Reserves 'Outrageous?'
Paul Solman answers a reader's question on the Fed's policy of Interest on Excess Reserves, which gives banks a small sum of interest for cash assets.

AUGUST
Aug. 31, 2011
Report
Labor Leader Trumka: Job-Creation Plans Require 'Boldness'
When it comes to jump-starting the struggling U.S. economy, AFL-CIO President Richard Trumka proclaimed Wednesday, "This is a time for boldness." The labor leader spoke at his union's annual Labor Day news conference in Washington.


Aug. 31, 2011
Analysis
DOJ Makes 'Audacious' Move to Block $39B AT&T, T-Mobile Merger
The Department of Justice filed suit Wednesday to block the proposed $39 billion merger between AT&T and T-Mobile, which would create the largest wireless company in the country. Ray Suarez discusses the Obama administration's "unprecedented" move to block the deal with The Washington Post's Cecilia Kang.

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Aug. 31, 2011
Blog
Government Moves to Block AT&T, T-Mobile Merger
The Department of Justice has filed an anti-trust lawsuit to block a planned merger between telecom giants AT&T and T-Mobile, a $39 billion deal that would have created the largest wireless company in the country, with 130 million customers.


Aug. 31, 2011
Blog
Stand-Up Economist: Always Bring Your Own Toilet Paper
Another vlog today from Our Man in Beijing, Stand-up Economist Yoram Bauman. He's not in China as a comedian, of course, but as an environmental economist, which this post explains. (It also explains why he keeps a roll of toilet paper on his desk).


Aug. 30, 2011
Analysis
Millions of Distressed Properties Stuck in 'Shaky' U.S. Housing Market
The troubled U.S. housing market got some good news Tuesday with word that prices in four major cities are on the rise, but a full recovery still appears to be a long way off. Jeffrey Brown discusses why home sales remain "tepid" with Harvard Business School's Nicolas Retsinas and Inside Mortgage Finance's Guy Cecala.

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Aug. 30, 2011
Blog
Why U.S. Housing Prices Aren't Falling Off a Cliff
Data are in Tuesday morning from what may be the one reliable product coming out of Standard & Poor's -- the S&P/Case-Shiller Housing Index. The headlines are positive, and indeed the S&P Indices press release is titled "Nationally, Home Prices Went Up in the Second Quarter of 2011."


Aug. 29, 2011
Blog
New Obama Economic Adviser Focused on Jobs, But Will Agenda Change?
In light of President Obama's selection Monday of Princeton economist Alan Krueger as the new head of the Council of Economic Advisers, there were questions throughout policy and economic circles about just what kind of message the president is sending with his new nominee.


Aug. 29, 2011
Report
News Wrap: Stocks Boosted by July Spending Numbers, Irene's Smaller Cost
In other news Monday, Wall Street rallied on relief that Hurricane Irene caused less damage than originally feared and word that consumer spending rose in July by the most in five months. Also, President Obama nominated Alan Krueger to chair his Council of Economic Advisers.

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Aug. 29, 2011
Blog
Who's Got the Bigger Economy: China or the U.S.?
Paul Solman answers a reader's question about how to compare the economies of the U.S. and China.


Aug. 26, 2011
Report
News Wrap: Bernanke Says U.S. Economy Is on Track for Long-Term Growth
In other news Friday, Federal Reserve Chairman Ben Bernanke told a Wyoming conference that the U.S. economy is on track for long-term growth. He did not lay out any new stimulus measures, but he did leave the possibility open. Also, a car bomb attack in Nigeria killed at least 18 people at the main United Nations building.

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Aug. 26, 2011
Blog
Same Old Bad News, But No New News From Bernanke
Fed Chairman Ben Bernanke's breathlessly anticipated speech in Jackson Hole, Wyo. Friday morning was, in essence, a rehash of the hash that is the U.S. economy: unemployment historically high, even productivity revised downward.


Aug. 25, 2011
Blog
Who Saves in China, the People or the State?
According to the source we most trust on China's economy, MIT political science professor Yasheng Huang, Chinese "personal savings" constitute money not paid to workers, but retained by companies -- mainly state-owned enterprises. In other words, Chinese corporate profits are what the state earns by underpaying labor.


Aug. 24, 2011
Blog
Steve Jobs Resigns as Apple CEO
Apple Inc. announced Wednesday evening that CEO and co-founder Steve Jobs will resign from the helm of the technology giant, effective immediately.


Aug. 24, 2011
Report
News Wrap: U.S. Budget Deficit to Top $1.2 Trillion for Year
In other news Wednesday, the federal budget deficit will top $1.2 trillion this fiscal year. The Congressional Budget Office reported the deficit will be slightly down from the last two years. Also, Syrian government forces stepped up their crackdown on a key city in the eastern part of the country.

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Aug. 24, 2011
Blog
Are Public Pensions a 'Gravy Train' and Other Answers To Your Questions
Paul Solman answers questions from NewsHour viewers and web users on business and economic news here on his Making Sen$e page. Here are Wednesday's queries.


Aug. 23, 2011
Blog
Woodruff: Dispatch From Shanghai
I hadn't been to China since 1995, so I wasn't prepared for the explosive growth in this sprawling mega-city on China's east coast.


Aug. 23, 2011
Blog
Is 'Rent Now, Buy Later' a Good Idea? And Other Answers to Your Questions
I own, but I see no problem with "rent now, buy later." Families are doubling up; baby boomers may as well. That implies a lot less upward pressure on prices.


Aug. 23, 2011
Blog
Making Sense: Is 'Rent Now, Buy Later' a Good Idea?
Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page.


Aug. 22, 2011
Report
News Wrap: Oil Prices Fall Amid Hopes of Libyan Crude Returning to Market
In other news Monday, oil prices around the world fell on the prospect crude from Libya will return to the market after months of political turmoil. In the U.S., benchmark crude initially fell in New York trading, but then climbed back up. Also, at least three people were killed as anti-government protests continued in Syria.

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Aug. 22, 2011
Blog
Military Bastions Join Defense Officials, Lobbyists in Fighting Possible Cuts
The debt-busting congressional super committee has yet to hold its first meeting, but the people in Patchwork Nation communities dependent on a major portion of the federal budget -- the military -- are rallying to defend their livelihoods.


Aug. 22, 2011
Blog
Responses to 'Bard Behind Bars'
Our recent stories on Bard Behind Bars, the prison BA program of Bard College in mid-state New York, received quite a bit of mail, almost all of it positive. A sample of plaudits follow, as an incentive to enthusiastic viewers who like to see their name in print. (The writer of the critical email asked to remain anonymous.)

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Aug. 19, 2011
Report
Budget Cuts, Tuition Hikes Jeopardize Quality of Higher Education in California
Students preparing for college this fall are facing higher tuition rates as their schools face budget cuts in this troubled economy. Correspondent Spencer Michels reports on the fallout in California's public universities.

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Aug. 19, 2011
Report
News Wrap: Bank of America Announces 3,500 Layoffs
In other news Friday, Bank of America, the nation's largest bank, said it will eliminate 3,500 jobs by the end of September following a string of other cuts announced earlier this year. Also, a suicide bomber struck a Sunni mosque in Pakistan, killing nearly 50 people.

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Aug. 19, 2011
Analysis
How Will Market Volatility Affect U.S.-Chinese Economic Relations?
Vice President Biden tried to shore up Chinese confidence in the U.S. economy on Friday, telling President Hu Jintao that when it comes to China's investments in the U.S., "You have nothing to worry about." Jeffrey Brown discusses U.S. and Chinese economic relations with MIT's Yasheng Huang and Commentary.com's Gordon Chang.

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Aug. 19, 2011
Report
Biden Aims to Bolster President Hu's Confidence in U.S. Economy
U.S. stocks held their losses in check for much of Friday, but the Dow Jones industrial average ended the day with a loss of nearly 173 points as Vice President Joe Biden sought to reassure Chinese leaders about the U.S. economy. Jeffrey Brown reports on the ongoing market volatility here and abroad.

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Aug. 19, 2011
Blog
Is Economic Inequality a Big Deal?
With our inequality coverage topping the "Most Watched" chart here at the Online NewsHour, we thought we'd pursue the issue on Making Sen$e by staging a debate: is or isn't economic inequality a big deal, a clear and present danger?

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Aug. 19, 2011
Blog
How Many Americans Have Money on the Line Amid All the Market Volatility?
In real terms, Patchwork Nation thinks the power of the 30-stock index may be oversold -- particularly when you look at stock ownership in the United States, which stands at only about 54 percent nationally, and in many of our 12 Patchwork Nation county types it stands at or below 50 percent.


Aug. 18, 2011
Analysis
New Report Shows Alarming Rates of Poverty Among U.S. Children
New numbers on poverty among U.S. children, released this week by the Annie E. Casey Foundation, found that 31 million children in 2009 were living in families that are at or below 200 percent of the federal poverty level. Judy Woodruff discusses the alarming new statistics with the foundation's CEO, Patrick McCarthy.

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Aug. 18, 2011
Report
News Wrap: Greek Bailout Runs Into Trouble After Collateral Agreement Surfaces
In other news Thursday, a second bailout for Greece, totaling more than $150 billion, ran into trouble after it was revealed that Greece agreed to put up cash as collateral to secure Finland's part of the bailout. Also, bond-rating agency Standard & Poor's faces a federal investigation over its past mortgage security ratings.

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Aug. 18, 2011
Report
Major Investor CalPERS Rides out Big Waves in Markets With Calm Approach
Thursday's market drop marked the fifth time in just two weeks that the Dow Jones industrial average rocketed up or down by several hundred points in one trading session. Spencer Michels reports on how the California Public Employees' Retirement System, one of the largest U.S. institutional investors, is handling the volatility.

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Aug. 18, 2011
Analysis
Negative Headlines Continue to Spook Investors, Markets Around Globe
The Dow Jones industrial average lost 419 points Thursday, driven by a barrage of bad economic data including a drop in existing home sales in July for the third time in four months. Ray Suarez discusses the U.S. and global market turmoil with Jeffrey Saut of Raymond James Financial and Susie Gharib of Nightly Business Report.

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Aug. 18, 2011
Report
Economic Worries in U.S., Overseas Spark Global Market Sell-Offs
Stocks in the United States were the last domino to fall in a series of global market sell-offs on Thursday, driven by a barrage of bad economic data, including a rise in new U.S. claims for unemployment benefits. Ray Suarez reports on the latest market woes in the United States and abroad.

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Aug. 18, 2011
Blog
America Remembers 9/11: Your Answers on What's Changed in 10 Years
As the 10th anniversary of the 9/11 attacks draws closer, The PBS NewsHour and our public media colleagues have been seeking out your views on what's changed in the United States over the past decade.


Aug. 18, 2011
Blog
Getting High for Less
Lest the name "black tar" fool you, this dark and muddy blob is actually the newest and purest form of heroin hitting the market. Black tar dealers are cashing in by selling cheaper high-quality highs to former prescription drug users in middle-class communities across America.


Aug. 18, 2011
Blog
Obama's Approval Rating Hits New Low on Economy
President Obama's approval rating on his handling of the economy has sunk to a new, very low 26 percent, according to a Gallup poll out Wednesday, 11 points lower than the same poll recorded in mid-May.


Aug. 17, 2011
Report
Americans Facing More Inequality, More Debt and Now More Trouble?
Did America's record-high level of economic inequality in 2007 help cause the financial crisis of 2008? With Americans' borrowing back on the rise and signs that economic inequality is growing, could there be another financial crisis in the near future? Paul Solman continues his series of reports on U.S. economic inequality.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Aug. 17, 2011
Report
News Wrap: Biden Visits China to Reassure Leaders of U.S. Economic Stability
In other news Wednesday, Vice President Biden kicked off a four-day visit to China, where he is expected to try to reassure leaders about the stability of the U.S. economy. China holds more than $1 trillion in U.S. government debt. Also, mass protests developed across India as a leading anti-corruption campaigner fasted in jail.

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Aug. 17, 2011
Analysis
Amid Attention From Obama, GOP, How Is Midwest's Economy Doing?
On the last day of his bus tour through the Midwest, President Obama's aides said he will outline a national jobs plan after Labor Day. Jeffrey Brown discusses the state of the economy in Midwestern states with Iowa State University's David Swenson, Dee DePass of Minneapolis' Star Tribune and Micheline Maynard of Changing Gears.

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Aug. 17, 2011
Blog
Children in Poverty: How Are Kids in Your State Faring?
The latest numbers on poverty among U.S. children are so striking that they make you do a double take.

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Aug. 17, 2011
Blog
Send Us Your Questions on Wealth, Inequality
In response to our story on economic inequality, many of you have sent in great comments and insightful questions. Paul Solman will pose some of them to experts, and we'll have the answers here soon.


Aug. 17, 2011
Blog
Send Us Your Questions on Wealth, Inequality
Our story on Tuesday's program has certainly hit a cord. In the first in a series on economic inequality in the U.S. (the second is airing Wednesday night), we explored how the top 20 percent of Americans are holding 84 percent of the country's wealth, and how many Americans were not aware that the disparity was so great.


Aug. 17, 2011
Blog
Woodruff: The Income Gap, Right Under Our Noses
Knowing the PBS NewsHour was planning a series of reports on income inequality in America, launched with economics correspondent Paul Solman's excellent report on Tuesday, my ears have been attuned lately to news about the growing gap in the United States between rich and poor.


Aug. 17, 2011
Blog
Sweden's Super-Duper Rich
Turns out the world inequality skew is even more marked than we thought, or suggested on Tuesday's story about inequality. A number of viewers have pointed out that wealth in Sweden too is more unequally distributed than we claimed in our middle pie chart.

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Aug. 17, 2011
Blog
Campus and Careers Counties Brace for Potential Debt-Ceiling Deal Fallout
Some winners and losers have begun to emerge from the debt-ceiling deal to cut trillions of dollars from the U.S. budget. In Patchwork Nation, the high-tech university centers known as Campus and Careers are likely to take a series of hits and that could spell trouble for Democrats who rely on these counties for support.


Aug. 17, 2011
Blog
Obama to Present Jobs Plan in Post-Labor Day Speech
In addition to flooding the airwaves and newspapers with images of President Obama in the heartland hearing from rural and small-town Americans, the White House informed reporters Wednesday that the president plans to give a major jobs speech immediately after the Labor Day holiday on Sept. 5.


Aug. 17, 2011
Blog
European Markets Jittery Despite Debt Talks
Also: Vice President Biden visits China, border attack kills seven Turkish soldiers, U.N. tribunal publishes Hariri assassination indictment, and Libyan rebels battle Gadhafi forces in Zawiya.


Aug. 16, 2011
Analysis
Google's Motorola Deal Promises to Shake Up Mobile Technology Industry
Google announced plans this week to buy Motorola Mobility for $12.5 billion. In recent years the Internet giant has made big plays in the smartphone market through its Android platform. Jeffrey Brown discusses the ramifications of the pending deal with Staci Kramer of paidContent.org and Charles Golvin of Forrester Research.

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Aug. 16, 2011
Report
Land of the Free, Home of the Poor
Financial gains over the last decade in the United States have been mostly made at the "tippy-top" of the economic food chain as more people fall out of the middle class. The top 20 percent of Americans now holds 84 percent of U.S. wealth, as Paul Solman found out as part of a Making Sen$e series on economic inequality.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Aug. 16, 2011
Analysis
'No Clear Path Forward' for Eurozone as Economic Woes Continue
A new report out Tuesday showed overall growth in 17 eurozone countries increased just two-tenths of a percent in the second quarter. Judy Woodruff discusses what Europe's crisis means for the world with George Washington University's Scheherazade Rehman and the Center for Strategic and International Studies' Heather Conley.

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Aug. 16, 2011
Report
Merkel, Sarkozy Call for Single Eurozone Governance
French President Nicolas Sarkozy and German Chancellor Angela Merkel on Tuesday called for a single council to govern economic policy for the eurozone, as the struggle for economic recovery dominated political developments on both sides of the Atlantic. Judy Woodruff reports.

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Aug. 16, 2011
Blog
Europe's Largest Economies Work to Address Crisis
German Chancellor Angela Merkel and French President Nicolas Sarkozy met Tuesday in Paris to come up with a joint strategy to address fears about the euro currency. We asked Bruce Stokes of the German Marshall Fund of the United States what the meeting means for Europe -- and the closely linked U.S. economy.


Aug. 16, 2011
Blog
Europe's Stuttering Economy
With the eurozone in such obvious economic turmoil, we turn to former chief IMF economist and longtime friend and favorite of Making Sen$e, Simon Johnson (Peterson Institute, MIT). We asked him a series of pressing questions:


Aug. 16, 2011
Blog
President Obama to Unveil Economic Plan in September
During a trip to Iowa on Monday, President Obama announced that in September he will unveil "a very specific plan to boost the economy, to create jobs and to control our deficit."


Aug. 15, 2011
Blog
In Defense of Flogging: Controversial Conversation on Prisons, Punishment
We were curious: is flogging -- beating someone solidly on the behind with a wooden cane -- a reasonable, effective alternative to sending that person to jail for two, five, 10 years? That's exactly what Peter Moskos, a police officer-turned-academic, argues in his new book, 'In Defense of Flogging.'

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Aug. 13, 2011
Blog
Big Think: 5 Takeaways From Economists After Market's Wild Ride
It may not be nearly as bad as the financial crisis of 2008, but this was undoubtedly the most frenzied week on the markets since then.

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Aug. 12, 2011
Report
Many Post Offices Face Uncertain Fates as Cuts Loom
In an effort to cut costs, the U.S. Postal Service announced more than 100,000 possible layoffs this week in addition to many post offices that are already targeted for closure. Tom Bearden reports how the closures might affect people and businesses in one small town in western Colorado.

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Aug. 12, 2011
Analysis
Calmer Markets Cap a Week of Investors 'Being Smoked out of Safety Zone'
The closing bell at the New York Stock Exchange on Friday capped one of the market's wildest spells since the meltdown of 2008. In the end, the major U.S. stock indices only dropped a small percentage for the week. Judy Woodruff discusses where things stand for investors with Bloomberg Businessweek's Roben Farzad.

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Aug. 12, 2011
Report
Wild Week on Wall Street Ends on a Calm Note
Wall Street staged a relatively calm rally Friday after a week of dizzying dives and sharp surges. The Dow Jones industrial average gained 125 points on the day but it lost 1.5 percent for the week and the NASDAQ lost 1 percent. Judy Woodruff reports on one of the market's wildest spells since the meltdown of 2008.

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Aug. 12, 2011
Blog
Rural Post Offices on Shaky Ground
There are 3,700 mostly rural facilities that the U.S. Postal Service is now studying for potential closure.


Aug. 12, 2011
Blog
With the Wealthy Burbs Stalled, So Is the Economy
The nation's wealthy Monied Burb counties are, like other places, feeling the pinch of rising unemployment. Without those areas feeling better, a broader turnaround will be very difficult.


Aug. 12, 2011
Blog
Wealth: How Does the U.S. Slice the Pie? continued
For a story in income inequality, we recreated experiments conducted by psychologists Dan Ariely of Duke University and Michael I. Norton of the Harvard Business School, based on pie charts representing various levels of wealth distribution.


Aug. 12, 2011
Blog
Wealth: How Does the U.S. Slice the Pie?
For a pair of upcoming pieces for the NewsHour, we're looking at economic inequality in the United States. For one of the stories, we recreated experiments conducted by psychologists Dan Ariely and Michael I. Norton, based on pie charts representing various levels of wealth distribution. Here, you can take the survey yourself.


Aug. 11, 2011
Analysis
Uncertainty, Computerized Trading Fuel Wall Street's Wild Ride
American markets once again dramatically reversed course Thursday with the Dow Jones industrial average gaining more than 400 points. Judy Woodruff discusses what's behind the latest wild day for Wall Street with Catherine Mann of Brandeis University and Andrew Ross Sorkin of The New York Times.

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Aug. 11, 2011
Report
U.S. Jobs Report Offers Glimmer of Hope for U.S., European Markets
The U.S. Labor Department announced Thursday that first-time monthly claims for jobless benefits have fallen below 400,000 for the first time in four months. Stocks shot back up amid signs the U.S. economy might not slide back into recession. Judy Woodruff reports.

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Aug. 11, 2011
Blog
Guide to the Super Committee
The Joint Select Committee on Deficit Reduction -- otherwise known as the "super committee" -- is charged with putting a plan forward to cut at least $1.5 trillion from the U.S. deficit.


Aug. 11, 2011
Blog
How Bad Is the Current Stock Crash?
Given the rollercoaster behavior of the stock market over the past few weeks, we checked in with historian Richard Sylla, who teaches economics at New York University. We asked the professor, who focuses on the history of the markets, to help us put the recent sharp ups and downs in context.


Aug. 11, 2011
Blog
European Stocks Dip Over French Bank Concerns
A rollercoaster week for the global stock market showed no signs of stabilizing on Thursday, as European stocks showed a downward trend on concerns over French banks and continued sovereign debt crises on the continent.


Aug. 10, 2011
Report
News Wrap: U.S. Budget Deficit Hits $1 Trillion for Third Consecutive Year
In other news Wednesday, the Treasury Department announced that the U.S. budget deficit this year is above $1 trillion. With two months left in the fiscal year, the deficit is slated to exceed last year's. Also, international forces killed the Taliban militants who shot down a U.S. helicopter on Saturday, killing 30 Americans.

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Aug. 10, 2011
Analysis
Romer: Obama Should Push for Bold 2-Part Stimulus to Lift Economy
The Dow Jones industrial average dropped by triple digits for the fourth time in just over a week, as market volatility reached near-record levels. Judy Woodruff discusses what's causing the market jitters and what could be done to calm them with former presidential economic advisers Christina Romer and Matthew Slaughter.

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Aug. 10, 2011
Report
How Low Will Stocks Go? Wall Street Suffers Another Tumble
What went up Tuesday came down Wednesday as U.S. stocks tumbled again amid fears of a global recession. Judy Woodruff reports.

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Aug. 10, 2011
Blog
Dow Closes Down 520 Points, Reverses Tuesday Gains
The rollercoaster stock market took another downward turn Wednesday, with the Dow closing down 520 points, wiping out Tuesday's recovery from a 600-point dip on Monday.


Aug. 10, 2011
Blog
Another Take on a Volatile Market
Paul Solman looks at this week's wild swings in the market and asks, if you're troubled -- or terrified -- by the panic of the past week, consider this possibility: inequality is what's behind it.


Aug. 9, 2011
Analysis
Fed's Rate Freeze Punctuates Day of Wild Market Trading
The Federal Reserve announced Tuesday that it expects to keep its key interest rate near zero for the next two years, where it's been since December 2008. Judy Woodruff discusses how the markets reacted to the announcement with Mesirow Financial's Diane Swonk and Neil Irwin of The Washington Post.

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Aug. 9, 2011
Report
Wall Street Whiplash: Markets Rebound as Investors Push Aside Fears, for Now
Wall Street rallied sharply late Tuesday, with the Dow Jones industrial average rebounding more than 500 points in the hours before the closing bell. But that only came after a long day of market gyrations. Judy Woodruff reports.

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Aug. 9, 2011
Blog
Markets Jittery as Fed Announces Near-Zero Interest Rate Freeze
Following a 634-point fall in the Dow on Monday, markets remain volatile Tuesday. The Federal Reserve announced it will keep its key interest rate near zero through mid-2013, noting that the economy has grown "significantly slower" than it expected.


Aug. 9, 2011
Blog
Global Stocks in Flux, Possible Fed Action Boosts U.S. Markets
In the United States, speculation Tuesday morning that the Federal Reserve might announce another monetary stimulus helped futures rise on Wall Street, with Dow futures up 1.9 percent.


Aug. 8, 2011
Analysis
Krugman: Second Great Depression Unlikely, But a 'Lesser Depression' Is
Stocks plummeted on Wall Street and around the world Monday as President Obama tried to reassure investors that the United States economy is still worthy of a AAA rating. Judy Woodruff discusses the historic market drop with Princeton University's Paul Krugman, Harvard University's Ken Rogoff and Terry Belton of JPMorgan Chase.

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Aug. 8, 2011
Report
Obama Tries to Reassure Investors as Markets Plunge Again
After Standard & Poor's downgraded a key American credit rating on Friday, President Obama tried to reassure investors Monday that the United States continues to have a AAA-rated economy, but stocks on Wall Street and around the world plummeted. Judy Woodruff reports.

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Aug. 8, 2011
Blog
Dow Closes Down 600 Points in Worst Day Since 2008
Stocks plummeted Monday in their worst showing since 2008, sending the Dow below 11,000 and rattling investor confidence in the latest hit to the U.S. economy. The dive follows Friday's news that Standard & Poor's was downgrading the United States' AAA credit rating.


Aug. 8, 2011
Blog
International Investors Weigh Options After U.S. Downgrade
The latest U.S. economic woes could be wielding a larger impact overseas if it weren't for two things: a lack of foreign investment options for U.S. dollars and the economic problems of other regions of the world, some analysts say.


Aug. 8, 2011
Blog
Obama: Economic Problems Stem From a 'Lack of Political Will'
In a televised statement Monday, President Obama acknowledged concern over Standard & Poor's downgrading of the United States' credit rating but indicated it was a wake-up call for Washington as much as an economic shift.


Aug. 8, 2011
Blog
Political Checklist: Credit Downgrade Fallout and GOP's Iowa Straw Poll
Political Editor David Chalian and Judy Woodruff discuss the political fallout from Standard & Poor's decision Friday evening to downgrade the U.S. credit rating and examine which political party stands to lose from the downgrade. Chalian also previews his trip to Iowa this week for the Republican straw poll.

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Aug. 8, 2011
Blog
How to Not Let Mistakes Define You
Skeptics of prison reform should take note of one Anthony Cardenales, who did 17 years for homicide.

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Aug. 8, 2011
Blog
Credit Downgrade Becomes Political Football
The intensity and scale of the Obama administration pushback against Standard & Poor's downgrading of America's credit-worthiness from AAA to AA+ has been swift and severe. So, too, are the potential consequences.


Aug. 5, 2011
Update
S&P Downgrades U.S. Credit Rating From AAA for First Time
Hours after U.S. markets closed Friday, credit rating agency Standard & Poor's announced it downgraded the credit rating of the United States for the first time in the ratings' history.

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Aug. 5, 2011
Analysis
Shields and Douthat on Disdain for Washington After Debt Deal, FAA Showdown
Syndicated columnist Mark Shields and New York Times columnist Ross Douthat sort through the week's top political news, including their takes on the American public's disgust with Washington, the July jobs report and the partial FAA shutdown.

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Aug. 5, 2011
Analysis
Latest Jobs News Promising, But Markets Ask: What Will Revive Economy?
New job numbers out Friday offered a glimmer of hope after a bad week for the economy ended with another volatile day on Wall Street. Jeffrey Brown discusses what the latest developments could mean for the U.S. economy with Lisa Lynch of Brandeis University, Grep Ip of The Economist and Sam Stovall of Standard and Poor's.

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Aug. 5, 2011
Blog
With 117,00 New Jobs in July, a Slight Improvement in the Solman Scale
"Employment Report Damned with Faint Praise: It Could Have Been Worse." Thus does Nigel Gault, Chief U.S. Economist of IHS Global Insight, sum up the consensus view of Friday's unemployment numbers. Jobs added in July; upward revision for June. Even our all-inclusive U-7 dropped .5 percent, its most heartening move in months.


Aug. 5, 2011
Blog
July Job Numbers by the Solman Scale
The Labor Department reported Friday that hiring increased in July and the unemployment rate dipped to 9.1 percent. Explore our Solman Scale jobs graphic, a different way to examine the larger picture of unemployment.


Aug. 5, 2011
Blog
President Obama Can Tout Improved Jobless Rate
When President Obama heads to the Washington Navy Yard Friday to speak about getting America's veterans into the workforce, he'll have some forward progress to tout on the overall unemployment rate.


Aug. 5, 2011
Blog
Jobless Rate Dips to 9.1%
A day after the worst stock-market sell-off since the 2008 financial crisis, the Labor Department reported Friday that hiring increased in July and the unemployment rate dipped to 9.1 percent.


Aug. 4, 2011
Blog
Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge
On Thursday's NewsHour, Jeffrey Brown interviews New York City Mayor Michael Bloomberg about his new plan to tackle the disadvantages facing young black and Latino men in schooling and jobs. Brown also asked Bloomberg about Thursday's market sell-off and the overall state of the economy.

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Aug. 4, 2011
Report
News Wrap: Panetta Warns More Budget Cuts Will Compromise U.S. Security
In other news Thursday, Defense Secretary Leon Panetta warned the nation's security will be at risk if more spending cutbacks are made. The debt-ceiling deal requires $350 billion in defense spending cuts over the next decade. Also, the death toll in Syria's crackdown on anti-government protesters climbed even higher.

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Aug. 4, 2011
Report
Market Plunge Startles Investors, But Fed 'Out of Ammo' Amid Double-Dip Fears
Wall Street finished its worst day since the financial crisis began in 2008 Thursday as the Dow Jones industrial average fell more than 500 points. Judy Woodruff discusses investors' concerns about a possible double-dip recession with Hugh Johnson of Hugh Johnson Advisors and Gillian Tett of The Financial Times.

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Aug. 4, 2011
Blog
On Dow's Worst Day Since '08, Running for Cover
Why the plunge of more than 500 points? For once, the same-day story seems pretty darn obvious. Markets are all about expectations of future returns, and today, those expectations became grimmer than a frowny face.


Aug. 4, 2011
Map
Cutting the Debt - and Federal Jobs - as Unemployment Rises
As Congress looks to cut spending, an obvious target is trimming the federal payroll. But there are about 2 million federal employees and 85 percent of them work outside the Washington, D.C., metro area. Patchwork Nation examines where the federal jobs are and how cuts could ripple across the country.


Aug. 3, 2011
Analysis
From Netflix to Hulu, Streaming Video Businesses Gaining Ground
What have you been watching on your computer lately? More and more Americans are checking out movies and television program online. Hari Sreenivasan discusses the recent push toward more streaming content with GershonMedia's Bernard Gershon.

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Aug. 3, 2011
Analysis
Heat Wave, Drought Create 'Grim' Crop Yields for Farmers in Plains, South
New research by the National Drought Mitigation Center shows 12 percent of U.S. land is in the midst of an exceptional drought, which is the largest contiguous area to suffer such difficult conditions in 12 years. Ray Suarez discusses how the drought has punished American farmers with Harvest Public Media's Frank Morris.

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Aug. 3, 2011
Analysis
Tepid Economy at Heart of Global Market Volatility
At a cabinet meeting on Wednesday, President Obama said the debt deal had averted "a massive blow" to the economy, but it wound up being another rocky day for global markets. Jeffrey Brown discusses the latest on the markets and the economy with Liz Ann Sonders of Charles Schwab & Co. and PIMCO's Mohamed El-Erian.

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Aug. 3, 2011
Blog
After the Debt Deal, Where's the Market Rally?
How could a debt deal get done, a supposed crisis averted, and yet stock markets tank worldwide, including today, though U.S. stocks ended slightly ahead? Does the incredibly low rate on the 10-year U.S. Treasury bond signal happiness with the debt deal or a dreary forecast for U.S. economic growth? Almost surely the latter.


Aug. 3, 2011
Blog
With Debt Deal Done, Obama Turns to Re-election Campaign
President Obama took to the Rose Garden on Tuesday afternoon to publicly put the debt and deficit deal behind him and point the spotlight once again on jobs. One job that the president will clearly be focused on Wednesday is his own.


Aug. 2, 2011
Report
Utah's Health Insurance Experiment Built Around Small Businesses
Under the federal health care reform law, all states will be required to set up a health insurance exchange starting in 2014. Betty Ann Bowser reports on one state that is ahead of the game, and how the new system is helping small businesses.

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Aug. 2, 2011
Report
News Wrap: Syrian Troops Continue Crackdown, Kill Nearly 100 People
In other news Tuesday, there was no let-up in Syria's crackdown on anti-government protests in Hama. The violence has already claimed the lives of nearly 100 people in two days. In Pakistan, paramilitary troops fanned out across Karachi at least 34 people were killed in a two-day killing spree.

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Aug. 2, 2011
Blog
Senate Passes Debt Deal, Ends Crisis Hours Before Default
President Obama said Tuesday afternoon that the emergency default-prevention bill that cleared both houses of Congress in the past day is merely a first step toward making sure the nation lives within its means.

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Aug. 2, 2011
Blog
No Cylons, No Caprica, But Still Pretty Fracking Cool
Pretty fracking cool, if you'll pardon our Battlestar Galactica reaction to this video from Studio 20 at New York University. Whether or not the method of natural gas extraction known as "fracking" is more costly than beneficial is the economic question, and has been a matter of NewsHour debate.


Aug. 2, 2011
Blog
Most Americans See 'Ridiculous' Process in Washington
House Speaker John Boehner got his votes. He passed a debt limit increase tied to significant deficit reduction with two-thirds of his conference supporting the bill. He only lost 28 of those 87 House freshmen and, most importantly for his legacy, he avoided becoming the face of default and potential economic calamity.


Aug. 1, 2011
Report
Amid Debt-Ceiling Drama, Interest Rates Have Hardly Followed the Script
On Wall Street, stocks initially rallied Monday on the news of a debt-ceiling deal, but a weak report on manufacturing killed the surge. Economics correspondent Paul Solman reports on the financial world's reactions to the drama over a debt deal as part of his series on Making Sen$e of financial news.

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Aug. 1, 2011
Blog
Default by Debt Ceiling? 'Complete Nonsense'
On Monday's NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal.

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Aug. 1, 2011
Blog
Can Leaders Find Enough Votes for Debt Ceiling Agreement?
If members of Congress from both parties and in both chambers follow their leaders, the United States is all but assured of avoiding default thanks to a last-minute agreement reached with President Obama on Sunday.

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July 30, 2011
Blog
President Obama Announces Deal to Raise Debt Ceiling
President Obama announced Sunday evening that he had reached an agreement with party leaders in Congress that will cut the deficit, raise the debt ceiling and create a bipartisan, bicameral committee of members of Congress to identify further deficit cuts.


July 29, 2011
Blog
Boehner Bill Passes House, Focus Shifts to Senate
House Republicans rallied enough conservatives Friday evening to pass Speaker John Boehner's debt-limit bill after days of delay. Senate Democrats say the bill will not pass in that chamber, but it is likely to be used as a legislative vehicle to pass a new compromise bill in the Senate.


July 29, 2011
Report
Economic Data Show U.S. Growth Slowing Considerably
In other news Friday, new economic data released show U.S. growth is slowing considerably. The Commerce Department reported the economy expanded at a rate of 1.3 percent in the second quarter, far below expectations. Also, President Obama announced that fuel standards for cars and trucks are going up.

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July 29, 2011
Blog
How We Got $14 Trillion in Debt
A fascinating set of graphic debt data, courtesy of the New York Times.


July 29, 2011
Blog
How Will New Fuel Efficiency Rules Affect Consumers?
President Obama, flanked on stage by executives from the country's leading automakers, announced new fuel economy standards for cars and light trucks Friday that would double the current requirement to 54 mpg.


July 29, 2011
Blog
How Will New Fuel Efficiency Rules Affect Consumers?
President Obama, flanked on stage by executives from the country's leading automakers, announced new fuel economy standards for cars and light trucks Friday that would double the current requirement to 54.


July 29, 2011
Blog
Tying the Debt to Jobs? Not So Fast
Politicians like to make linkages. They like to take a problem they know everyone is worried about and tie it to something they have to handle. And so it is now with the debt ceiling and unemployment.


July 29, 2011
Blog
Senate Dems Slam New Boehner Plan, Ask McConnell for Help
Senate Democratic leaders angrily denounced Speaker Boehner's new debt-limit bill Friday, saying it was dead on arrival in the Senate, and called on Minority Leader Mitch McConnell, R-Ky., to help them come up with a bipartisan agreement before the end of the day.


July 29, 2011
Blog
Boehner Bill May Be Revived in House
Several House Republicans exiting a closed door meeting in the basement of the Capitol Friday morning said that House Speaker John Boehner was altering his debt-limit bill in a way that would allow it to pass, just hours after House leadership failed to secure enough votes for the plan.


July 29, 2011
Blog
President Obama: 'Plenty of Ways Out of This Mess'
The morning after House Speaker John Boehner failed to secure enough support to hold a vote on his debt-limit plan in the House, President Obama made a statement to the press Friday, calling the situation "increasingly urgent" with the debt ceiling deadline now four days away.

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July 29, 2011
Blog
Decision to Delay Debt Vote Produces Only Losers
Thursday night's decision by Republican leaders to scrap a vote to raise the debt ceiling dealt House Speaker John Boehner a stunning loss, despite the fact that the plan's prospects had been uncertain given the strident opposition among GOP conservatives and a united wall of Democratic dissent.


July 29, 2011
Blog
House GOP's Vote Delay on Boehner Plan Adds Uncertainity to Debt Endgame
House Republicans failed to secure the support necessary to pass Speaker John Boehner's debt-limit increase plan Thursday night, forcing the GOP leadership to delay a vote on the measure as the United States inches toward its borrowing limit.


July 28, 2011
Newsmaker Interview
Lagarde on 'Worrisome' U.S. Debt Debate, Eurozone's Future
In a newsmaker interview with Margaret Warner on Thursday, the International Monetary Fund's managing director, Christine Lagarde, discusses the U.S. debt ceiling debate and the current state of the eurozone's economic struggles.

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July 28, 2011
Report
Lagarde Takes Helm of IMF in Time of Global Economic Uncertainty
The first woman to head the International Monetary Fund, Christine Lagarde, was elected by IMF members on June 28, 2011, after the arrest of former head Dominique Strauss-Kahn on sexual assault charges. Margaret Warner reports on the challenges Lagarde takes on in the job.

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July 28, 2011
Blog
Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached
The International Monetary Fund's managing director Christine Lagarde said Thursday in a PBS NewsHour interview that if U.S. lawmakers can't reach an agreement on the debt ceiling, one of the global impacts could be a loss of confidence in the U.S. dollar.


July 28, 2011
Blog
Obama Preps Emergency Plan if Debt Deadline Passes With No Deal
With six days left before the debt ceiling deadline arrives, there will be no shortage of reporters trying to glean intelligence from President Obama's closed-door meeting with Treasury Secretary Tim Geithner Thursday afternoon.


July 28, 2011
Blog
House Speaker Boehner Faces His Biggest Test
When the House votes on Speaker John Boehner's plan to cut the deficit by $917 billion over 10 years and immediately raise the debt ceiling by $900 billion, it will, at once, represent the most meaningful vote of his term and an entirely meaningless vote in actually solving the looming debt ceiling deadline.


July 27, 2011
Report
How to Succeed in Business by Really, Really Trying
Is the aptitude for business (the legal kind) distributed among convicted criminals as it is in the general population? One seasoned executive thinks so, and believes that by hiring the cream of the ex-con crop, his company will have a leg up on the competition. Paul Solman reports as part of his Making Sen$e series.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


July 27, 2011
Analysis
Stakes High at Start of UAW-Big 3 Talks, But 'Both Sides Want This to Go Well'
The United Auto Workers union and Detroit's Big Three automakers have opened labor negotiations for the first time since escaping a near-death experience during the recession. Jeffrey Brown discusses the negotiations and new signs of life in the auto industry with The Detroit News' David Shepardson.

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July 27, 2011
Blog
China's Communism and Capitalism: The New Yin Yang?
The short third installment of Yoram Bauman's vlog from China is well worth the watching, highlighting the tension between the "official" China and what's really going on there. Communist Party founder Mao AND $300,000 Porsche's? Yoram asks."Do hen hao!" comes the saleswoman's reply: "Both good!"


July 27, 2011
Blog
Boehner's Debt Ceiling Plan Hits Snag, Vote Delayed
Speaker John Boehner's challenge became tougher when the non-partisan Congressional Budget Office said his plan would have only $850 billion in spending cuts -- far below the $1-$1.2 trillion he had been seeking in order to pass the first $900 billion tranche of a debt ceiling increase.


July 26, 2011
Report
From Ball and Chain to Cap and Gown: Getting a B.A. Behind Bars
What college is tougher to get into than Harvard, Princeton or Yale? Bard College. Not the campus in Annandale-on-Hudson, N.Y., but the one behind bars in five Empire State prisons. The privately funded Bard Prison Initiative is putting convicts through a rigorous B.A. program that would challenge even the smartest Ivy Leaguers.

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July 26, 2011
Analysis
Study: Housing Bust Hit U.S. Minority Households Especially Hard
As the economy struggles to rebound, a new analysis of Census data shows a widening wealth gap among white, black and Hispanic Americans. Gwen Ifill discusses the results of a new study with the Pew Research Center's Paul Taylor and Howard University's Roderick Harrison.

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July 26, 2011
Blog
Can the Boehner Plan Pass?
House Speaker John Boehner's two-step deficit reduction proposal would cut $1.2 trillion immediately while lifting the debt ceiling by $1 trillion. It is not yet clear if he will have sufficient support from within his own party to pass the measure in the House.


July 26, 2011
Blog
The 'Bond Vigilantes' and the Debt Ceiling Crisis: No Need to Panic?
Would the U.S. turn into a version of the wild west if the debt ceiling isn't raised?


July 26, 2011
Blog
No Deal in Sight After Obama, Boehner Address Nation
The back-to-back speeches by President Obama and House Speaker John Boehner, a rare event outside of the annual State of the Union event, were evidence of the seriousness of the debt limit situation.


July 25, 2011
Analysis
LaHood on FAA Furloughs: Congress Must Pass Long-Term Funding
The Senate adjourned Friday without reauthorizing the Federal Aviation Administration's budget, which left nearly 4,000 employees out of work immediately. Ray Suarez discusses the status of the FAA's budget problems and what could be done to fix them with Secretary of Transportation Ray LaHood.

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July 25, 2011
Blog
Watch Live at 9 p.m. ET : Obama Addresses Nation About Debt Talks
President Obama will address the nation from the White House at 9 p.m. ET Monday regarding the state of the debt-ceiling negotiations as the Aug. 2 deadline to reach a deal looms a little more than a week away.


July 25, 2011
Blog
Should You Stash Cash if the Debt Ceiling Isn't Lifted?
Paul Solman answers the question, "In the event the Congress fails to raise the debt limit, would it be wise to have paper cash (thousands of $20s, $50s and $100s) in case the banks freeze up or are closed?"


July 25, 2011
Blog
No Debt Deal in Sight as Leaders Propose Rival Plans
Congressional leaders and President Obama aren't closer to a deal on raising the debt limit Monday morning after talks collapsed late Friday and party leaders met throughout the weekend to find a way to avoid a government default.


July 22, 2011
Blog
Democrats Unhappy Over Possible Deal Focused on Cuts
President Obama and House Speaker John Boehner may be close to a deal that lowers the deficit by $3 trillion over the next 10 years, which would be mainly achieved through spending cuts and entitlement reforms with the promise of revenue increases through tax reform at some point next year.


July 21, 2011
Analysis
Borders Closes the Book as Decisions Come Back to Haunt Chain
On Thursday, representatives of the Borders bookstore chain were in court with a plan to liquidate its remaining 399 locations as early as Friday. Jeffrey Brown discusses what's next for bookstores, the publishing industry and bookworms with Slate's Annie Lowrey.

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July 21, 2011
Report
News Wrap: Eurozone, IMF Agree to Second Greek Bailout of $155B
In other news Thursday, leaders of the Eurozone nations agreed to give Greece a second bailout worth $155 billion. The International Monetary Fund and private investors would join the package to the tune of $53 billion. In Syria, activists said security forces swept through Homs, shooting machine guns and making arrests.

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July 21, 2011
Blog
Dodd-Frank Law at 1: a Progress Report
A year after President Obama signed the Dodd-Frank Act, the effort to shape how the sweeping financial reforms take effect is very much an ongoing issue in Washington and New York. We ask five experts, including former FDIC chair Sheila Bair, how the new regulations are taking shape.


July 21, 2011
Blog
Is the 'Pain at the Pump' Fair?
Paul Solman answers a viewer's question about high gas prices and if, due to inflation, they are actually reflective of where they "should" be with the value of the dollar.


July 21, 2011
Blog
Obama Open to Short-term Increase in Debt Ceiling
With negotiators running out of time to raise the country's borrowing limit, President Obama signaled Wednesday he would be willing to accept a short-term increase in the debt ceiling if lawmakers were close to nailing down a comprehensive deficit reduction plan.


July 20, 2011
Video
Ron Paul on Proponents of Raising Debt Ceiling: 'I Think They're Misled'
In an interview Wednesday with The PBS NewsHour's Judy Woodruff, Republican presidential candidate and longtime Texas Rep. Ron Paul said "you can't solve the problem of debt by raising the debt limit." Watch the rest of Judy's interview with Ron Paul on Wednesday's NewsHour broadcast.

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July 19, 2011
Report
Indonesia on the Rise: Is It a Model for New Democracies?
Indonesia is an evolving, prospering democracy, but the country continues to struggle with corruption and economic inequality. Ray Suarez reports.

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FUNDED IN PART BY: The Bill & Melinda Gates Foundation


July 19, 2011
Blog
President Obama: Gang of Six Deficit Reduction Plan Is 'Good News'
With the United States just two weeks away from defaulting on its debt unless a deal is reached to raise the debt limit, a bipartisan group of senators presented a possible new way forward Tuesday when they introduced a new debt reduction plan.


July 19, 2011
Blog
Lincoln Electric Story Sparks Debate, Frank Koller Responds
One more day's worth of reaction to our Lincoln Electric story, which has generated so much comment on PBS' Facebook page. It comes from Frank Koller, the Canadian journalist we interviewed, author of the book on Lincoln, "Spark."


July 19, 2011
Blog
Iran Announces New Centrifuges, Borders to Liquidate 399 Stores
Iran said Tuesday that it will install upgraded centrifuges that would help it progress toward nuclear enrichment, an announcement that stoked existing concerns that Iran may be closer to producing weapons-grade enriched uranium.


July 19, 2011
Blog
Conservative Groups Oppose McConnell-Reid Debt Plan
Just as the McConnell-Reid backup plan on the debt ceiling is gaining steam in the Senate as the likeliest outcome that avoids default, conservative groups are ramping up pressure to take it down.


July 18, 2011
Report
House Republicans Push Vote on Debt Plan With Little Future
Tea Party supporters in the House pushed a "Cut, Cap and Balance" program on Monday, demanding a vote even though the House plan has little chance in the Democratic-controlled Senate. Kwame Holman reports on the debt-ceiling stalemate and the Senate's debt plan crafted by party leaders Harry Reid and Mitch McConnell.

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July 18, 2011
Analysis
Debate Over Consumer Agency Continues as Obama Taps Cordray to Lead
President Obama tapped former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau. Judy Woodruff leads a debate over the agency's role, responsibilities and funding with the Roosevelt Institute's Jeff Madrick and David Hirschmann of the U.S. Chamber of Commerce.

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July 18, 2011
Blog
Were We Too Easy on Lincoln Electric?
We received a flurry of worried responses to our Lincoln Electric story from Wednesday night. They deserve an airing and a reply.

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July 18, 2011
Blog
Congress Prepares for Show Votes on Debt Ceiling
The United States Congress will once again become a Kabuki theater troupe this week when the House of Representatives puts the "cut, cap and balance" plan on the floor Tuesday despite it having nearly no chance of becoming law.


July 15, 2011
Analysis
Governors Tell Washington: Find a Compromise on Debt Limit
Govs. Scott Walker, R-Wis., and Jack Markell, D- Del., speak with Ray Suarez on the impact the debt limit debate could have across the country. They join the NewsHour from the National Governors Association's Annual Meeting in Salt Lake City, where these and many other questions are being debated.

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July 15, 2011
Report
As Clock Ticks, a 'Big' Deal on Deficit Remains Elusive
There were no White House deficit talks Friday, but the behind-the-scenes maneuvering continued. In a public statement, President Obama called for Congress to produce a "serious plan" over the weekend.

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July 15, 2011
Blog
Is the 'Pain At the Pump' Fair?
Paul Solman answers a viewer's question about high gas prices and if, due to inflation, they are actually reflective of where they "should" be with the value of the dollar.


July 15, 2011
Blog
Is Flogging a Better Option Than Prison?
A new book by Peter Moskos is as provocative in name as in substance. "In Defense of Flogging" is just that: a spirited, albeit reluctant defense of the punishment already employed in Singapore and Malaysia. We're about to interview Professor Moskos here on Making Sen$e. What questions would you like me to ask him?


July 15, 2011
Blog
The People's Choice: Australia
We asked our readers -- given a set of criteria developed by the 34-country OECD -- in what country would you prefer to live? Once again, the results are unequivocal, which suggests that our readership is somewhat less polarized than, say, the United States as a whole.


July 15, 2011
Blog
Stand-up Economist: Is China Asia's Ecuador?
Stand-up economist Yoram Bauman has now made it to China and filed the second of his videos for us from Beijing. We found his unique comparison of China to Ecuador fascinating.

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July 15, 2011
Blog
Stand-up Economist: Is China Asia's Ecuador?
Stand-up economist Yoram Bauman has now made it to China and filed the second of his vlogs for us from Beijing.

videoStreaming Video


July 15, 2011
Blog
President Obama: It's 'Decision Time' on Raising Debt Ceiling
The weeklong series of White House meetings with President Obama and congressional leaders has produced one concrete result: There will be no meeting Friday. President Obama will instead use his bully pulpit, which Friday will be the White House press briefing room podium, to frame the current state of affairs.


July 14, 2011
Analysis
Debt Ceiling Deadlock Sounds Fresh Alarms on Wall Street
The debt ceiling deadlock in Washington led to increasingly urgent appeals for action Thursday. Judy Woodruff discusses the economics and politics of the standoff with the Wall Street Journal's David Wessel and The Washington Post's Lori Montgomery.

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July 14, 2011
Blog
The Not-So-Golden Years: Are You Better Off Than Other Americans?
Explore a compendium of facts on Americans' shortfalls in retirement savings, presented in graphic form.


July 14, 2011
Blog
Frustration, Deadlock Dominate Talks on Lifting Debt Ceiling
If the threat of a credit rating downgrade from Moody's Investors Service and a warning of possible "financial calamity" from Federal Reserve Chairman Ben Bernanke doesn't bring congressional leaders and President Obama closer to an agreement, what will?


July 13, 2011
Report
Cleveland Manufacturer Welds Together Job Security, Profits
Economics correspondent Paul Solman revisits Lincoln Electric, a welding manufacturing company based outside Cleveland, Ohio. Through its use of merit-based profit-sharing and a no-layoff policy, the firm is an unlikely Rust Belt success story that hasn't laid off anyone for financial reasons since World War II.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


July 13, 2011
Analysis
Italy: Too Big to Fail?
In hopes of calming the world's jitters over its financial health, Italian Finance Minister Giulio Tremonti announced plans to strengthen a $57 billion austerity package on Wednesday. Ray Suarez discusses the country's economic crisis with Il Sole 24 Ore's Mario Calvo-Platero and Harvard University's Kenneth Rogoff.

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July 13, 2011
Report
Italy's High Debt, Political Dysfunction Fuel Financial Worries Around World
On Wednesday in Rome, Italian Finance Minister Giulio Tremonti announced plans to strengthen a $57 billion austerity package and speed it through Parliament in hopes of calming market fears in Europe and on Wall Street. Ray Suarez reports on the nation's worrisome economic crisis.

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July 13, 2011
Report
News Wrap: Mumbai Bombings Kill at Least 21, Wound More Than 100
In other news Wednesday, three bombings by militants shook Mumbai, India, killing at least 21 and wounding more than 100. Vikas Bajaj of The New York Times reports from Mumbai. Also, Afghan President Karzai's half-brother was buried in Kandahar, a day after he was gunned down by a longtime family associate.

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July 13, 2011
Blog
Woodruff: Young Entrepreneurs Pursue Opportunity in a Tough Economy
You often hear it said these days that there's no way the "next" generation will have it as good as their parents did. But if the group of young entrepreneurs who came to Washington Wednesday has a say, that widely-held perception will prove to be dead wrong.


July 13, 2011
Blog
The No-Layoff Company -- in Ohio
On Wednesday's program, a look at an improbable rust belt success story. With a guaranteed no-layoff policy and average pay of almost $70,000 this year, Lincoln Electric is atypical of U.S. companies. We last visited the Cleveland, Ohio arc welding manufacturer nearly 20 years ago.

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July 13, 2011
Blog
Murdoch Halts Bid to Purchase BSkyB as Phone Hacking Fallout Continues
Rupert Murdoch's News Corp. has dropped its bid to purchase British satellite broadcaster BSkyB in light of the still-unfolding scandal over the use of phone hacking by journalists from News of the World.


July 13, 2011
Blog
President Obama Hauls In $86 Million for Campaign, DNC
He may have to fight sky high unemployment, persistent economic pessimism and an energized political opposition to win re-election, but if he loses President Obama will not be able to blame it on being underfunded.


July 12, 2011
Report
News Wrap: Berlusconi Pledges to Accelerate Italian Austerity Measures
In other news Tuesday, in an effort to restore calm to worried European leaders and markets, Italian Prime Minister Silvio Berlusconi vowed to accelerate the adoption of austerity measures. Also, the death toll rose to 88 in the sinking of a Russian tourist boat in the Volga River on Sunday.

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July 12, 2011
Blog
Smacking Into the Debt Ceiling: the Day-by-Day Consequences
So what exactly happens if Congress and the White House don't raise the debt ceiling by early next month? The Bipartisan Policy Center has generated a blow-by-blow, day-by-day account of the fallout.In the spirit of NewsHour even-handedness, it outlines the consequences without rhetoric or exclamation marks.


July 12, 2011
Blog
Clock Is Ticking on Debt Ceiling Agreement
After yet another meeting at the White House Monday, the bipartisan group of congressional leaders charged with hammering out a deal with President Obama agreed to meet again on Tuesday.


July 11, 2011
Blog
Yoram Bauman, Undismal Scientist
It was a moment of comic relief when first we encountered "standup economist" Yoram Bauman. Recently, we learned that Yoram was headed to China to explore the country's approach to the environment.. Would he be interested in chronicling the trip on video for Making Sen$e? we asked. The answer was yes.


July 11, 2011
Blog
Debt Ceiling Negotiations Enter Round 3
The debt and deficit negotiations are now aimed at accomplishing two goals. The first goal for all sides sitting around the table is to get a deal in place by Aug. 2 to avoid any negative impact on the economy. The second goal, which is being pursued concurrently, is to emerge from the talks as the political winner.


July 10, 2011
Blog
No Deal Yet After Sunday Debt Limit Meeting
Congressional leaders left the White House Sunday evening without news of a deal to reduce the federal deficit and raise the debt limit after meeting with President Obama for the second time on the issue.


July 8, 2011
Report
Big Sky Country Struggles With Yellowstone Oil Spill Aftermath
In Montana, contractors have been working 12 hours a day to soak up what they can of the estimated 42,000 gallons of crude oil that escaped into the Yellowstone River from a broken ExxonMobil pipeline. Correspondent Tom Bearden reports from Laurel, Mont., on the cleanup effort and health concerns for humans and wildlife.

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July 8, 2011
Analysis
Dismal Unemployment Report Suggests Recovery May Be Stalling
The U.S. unemployment rate rose to 9.2 percent in June as employers added the fewest jobs in nine months. Jeffrey Brown discusses the grim jobs reading and the stubbornly high employment gap between black and white Americans with Pomona College's Cecilia Conrad and Mesirow Financial's Diane Swonk.

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July 8, 2011
Blog
Jobs: the Dreary Data, a Desperate Viewer, a Pessimistic Professor
Goodness! U-7, our own measure of under-and unemployment, shot up to 18.6 percent this morning. This morning's job numbers: only 18,000 added in June. Combine that with downward revisions of jobs added the previous two months - minus 44,000 - and the American economy has 26,000 fewer jobs than was supposed a month ago.


July 8, 2011
Blog
Unemployment Up to 9.2 Percent in June, Only 18,000 Jobs Added
Unemployment rose to 9.2 percent in June according to numbers released by the Bureau of Labor Statistics Friday. Employers added a mere 18,000 jobs during the month, the worst performance in nine months.


July 8, 2011
Blog
President Obama Gets His Monthly Jobs Report Card
A jobs report does not an election make, but the Obama economy is in a rut and the president is going to find it harder and harder each month to earn the patience of the American people.


July 7, 2011
Analysis
Will News of the World's Shuttering Change British Journalism Tactics?
News Corp. announced Thursday that its tabloid, News of the World, will cease to publish after 168 years, but reports have surfaced that sister publication, The Sun, might publish a Sunday edition in its place. Margaret Warner discusses the phone-hacking scandal responsible for the closure with The Observer's Ned Temko.

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July 7, 2011
Analysis
Can Obama, Congress Pull off a 'Big Deal' on Deficit Despite Political Perils?
President Obama and congressional leaders met Thursday to discuss how to raise the nation's debt limit. Judy Woodruff discusses the meeting, which President Obama called "constructive," and the political pitfalls confronting lawmakers with Naftali Bendavid of The Wall Street Journal and Andy Kohut of the Pew Research Center.

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July 7, 2011
Blog
Pelosi: House Democrats Won't Support Entitlement Cuts in Debt-Limit Deal
While Republicans in the House and Senate have been declaring for weeks that they won't support any type of tax increase as part of a debt-limit deal, House Minority Leader Nancy Pelosi drew her own line in the sand Thursday: House Democrats won't support Social Security or Medicare benefits cuts as part of a deal.


July 7, 2011
Blog
As Tourists Return, How Will Service Worker Centers Feel in 2012?
If you want a scorecard for the behemoth we call the American economy, there is no shortage of measurements.


July 7, 2011
Blog
Obama: White House Debt Limit Meeting 'Constructive,' but No Deal Yet
President Obama said Thursday that he had a very constructive meeting with congressional leaders about how to raise the nation's debt limit, but that they would meet again Sunday after weekend of staff- and member-level negotiating to reassess where the status of a deal stands.


July 7, 2011
Blog
How an English Investor Dabbled in Cleveland Real Estate... and Got Burned
As a follow-up to Tuesday's story on abandoned housing demolition in Cleveland, we're posting a short video. A show-and-tell about one vacant property, it covers all the bases - from the bank unloading to a middleman who put it up on the Internet with misleading photos, and finally a buyer snapping it up and now feeling rooked.

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July 7, 2011
Blog
Obama, Congress Search for Grand Bargain on Debt Ceiling
At his news conference last week, President Obama called on members of Congress to "do something big" when it comes to raising the country's debt ceiling. It appears he plans to hammer home the point with top House and Senate lawmakers when they arrive at the White House Thursday morning.


July 6, 2011
Analysis
State of Disagreement: Divisions Grow in Minnesota Budget Battle
Minnesota's government shutdown continued Wednesday as Democratic Gov. Mark Dayton and Republican lawmakers remained at a standstill over spending and taxes. Judy Woodruff discusses how the state's budget divide compares to the nation's with The Star Tribune's Rachel Stassen-Berger and The Pew Center on the States' Susan Urahn.

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July 6, 2011
Blog
Judy Woodruff: Amid All the Debate Over Debt, Where Does Job Growth Fit In?
Judy Woodruff writes: "I came away from my interview with Republican Sen. John Cornyn of Texas on Tuesday's NewsHour still curious about the answer to this question: Why aren't employers hiring more people?"


July 5, 2011
Report
Raze the Roof: Cleveland Levels Vacant Homes to Revive Neighborhoods
Business correspondent Paul Solman reports from Cleveland on the economically troubled Ohio city's efforts to tear down thousands of empty foreclosed homes in hopes of putting eyesore and dangerous properties back to productive use -- perhaps as community gardens, new businesses or even a vineyard.

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July 5, 2011
Blog
Fannie Mae: What's Politics Got To Do With It?
Paul Solman answer a question from B Wilds in today's post: "Other than politics can you think of any reason the miserable failure Fannie Mae is still trading and not being dissolved and shuttered?"

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July 5, 2011
Blog
Congress Gets Back to Work on Debt Ceiling
The debt/deficit problem facing the country didn't go away over the Fourth of July holiday. As Aaron Sorkin's fictional President Bartlet once said, "My point is this: Break's over."


July 5, 2011
Blog
Bombings in Iraq Kill 35, Lagarde Takes Over at IMF
Two bombs in the town of Taji killed at least 35 people on Tuesday, according to Iraqi officials, with dozens more wounded in the latest in a string of attacks coinciding with the debate over whether to ask U.S. troops to remain in the country.


July 4, 2011
Analysis
NBA, NFL Labor Disputes May Leave Fans With Little to Cheer
Professional football and basketball are both grappling with major labor disputes that may leave players, and fans, locked out. Judy Woodruff discusses the story with EPSN's Kevin Blackistone and The New York Times' Howard Beck.

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July 1, 2011
Report
Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets
As part of his Making Sen$e series, Paul Solman reports on the new book, "Reckless Endangerment," which argues that for the past 20 years, Fannie Mae, a government-sponsored enterprise that increases money for homeownership, pursued profits for itself and bought risky loans that inflated a housing bubble that eventually burst.

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July 1, 2011
Blog
Joseph Stiglitz, Barney Frank Respond to 'Reckless Endangerment' Allegations
New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a sustained indictment of Washington's role in the housing crisis and highlights the role of Fannie Mae.


July 1, 2011
Blog
'And If Elected I'll Fix the Housing Market' ... Probably Not
As the economic troubles that began with the last recession drag on and on, the drop in housing prices and construction is, correctly, labeled as a key problem. And it is big topic among 2012 presidential hopefuls.


July 1, 2011
Blog
As Debt Deadline Looms, Leaders Remain Far From Agreement
Washington's debt talk theater delivered an encore presentation Thursday, with Obama administration officials and Republicans in Congress trading verbal jabs, one day after the president admonished lawmakers for not acting with a sense of urgency to raise the federal government's $14.3 borrowing limit.

JUNE
June 30, 2011
Report
Are Social Media Services the Next Tech Bubble?
The estimated value of tech companies such as Facebook, Twitter and LinkedIn is soaring, but could another tech bubble be building? Ray Suarez discusses the social media services that are at the center of this question with Fortune magazine's Jessi Hempel and Forrester Research's Josh Bernoff.

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June 30, 2011
Analysis
Governments Push for Austerity, but Can it Really Revive Growth?
Greek Parliament passed a bill to implement a new austerity plan Thursday, and Britain was in the throes of a national civil servant strike. Margaret Warner discusses whether austerity measures will likely help those countries with MIT's Simon Johnson and Mark Weisbort of the Center of Economic Policy and Research.

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June 30, 2011
Report
European Unrest Spreads as Greece, Britain Push for Austerity
Greek lawmakers on Thursday passed a second cost-cutting bill aimed at averting default, while hundreds of thousands of British teachers and civil servants went on strike to rally against pension reforms. Margaret Warner reports.

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June 30, 2011
Blog
Troubled By Our Pension Post? Here's Our Response
Our blog post on pension contributions received a supposed "correction" which itself generated some reaction. We reproduce "DougMartin10th's" original comment and my response below. Even further below, two additional takes on DM10.

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June 29, 2011
Blog
In Photos: Greece Grapples With Budget Cuts Needed for Bailout Funds
Greece's Parliament approved a package of austerity measures Wednesday, a key step toward getting a bailout from the International Monetary Fund and European Union in order to avoid defaulting on its debts next month.


June 29, 2011
Slide Show
Greece Protests and Spending Cuts
Greece's government is working to pass belt-tightening measures to clear the way for emergency bailout loans.


June 29, 2011
Blog
A Cautious, Smiling Christine Lagarde
So the synchronized French swim champ with accent-free English whom we interviewed last summer in Paris, Christine Lagarde, will run the IMF. What did we learn from that interview? That she was a key architect of the European bail-out plan last year, a plan now in the process of re-implementation.


June 29, 2011
Blog
As IMF's New Chief, Will Lagarde 'Keep Smiling'?
So the synchronized French swim champ with accent-free English whom we interviewed last summer in Paris, Christine Lagarde, will run the IMF. What did we learn from that interview?


June 29, 2011
Blog
Obama to Hold News Conference Amid Debt Ceiling Talks
The last time President Obama held a major news conference, an earthquake and tsunami had just struck Japan, the revolt in Libya was a month old, a budget deal had yet to be hammered out to avert a government shutdown, the unemployment rate was below 9 percent, and the president had yet to declare he is running for re-election.


June 28, 2011
Report
Rioting, General Strike Leave Greece in Standstill Ahead of Austerity Vote
The streets of Athens, Greece, were filled with fighting Tuesday over prospects of more spending cuts and tax increases. The violence marred a general strike as the Parliament considers new austerity measures intended to fend off a national default. Independent Television News' Jonathan Rugman reports.

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June 28, 2011
Blog
Latest Housing Prices 64% Below Peak
This month's Case-Shiller Home Price Index is out and, rather than paraphrase or plagiarize Phil Izzo's succinct account for The Wall Street Journal's Real Time Economics blog, how about we reproduce it?


June 28, 2011
Blog
Latest Housing Prices: Down 64% From Their Peak
This month's Case-Shiller index is out and, rather than paraphrase or plagiarize Phil Izzo's succinct account on the Wall Street Journal blog, Real Time Economics, how about we reproduce it?


June 27, 2011
Update
Some Very Specific Mortgage Questions -- and Answers
Paul Solman answers questions from NewsHour viewers and web users on business and economic news. Paul addresses three queries on housing in Monday's post.


June 24, 2011
Map
A Skeptic's Guide to the 2012 Debate Over Manufacturing Job Losses
In the next few Patchwork Nation posts, we'll explain why voters expecting the next president to turn the economy around in a big way are likely to be disappointed. In this post: the problems for manufacturing and a skeptic's primer on the economy.


June 24, 2011
Blog
Sneak Peek At a Rust Belt Success Story
Paul Solman headed to the Midwest for a story on an unlikely gem in the rusting industrial belt: Lincoln Electric, where there's an average salary of $70,000 and a guaranteed no-layoff policy.


June 24, 2011
Blog
With Debt Talks Stalled, It's Up to Obama and Boehner
With five weeks to go before the U.S. government could begin defaulting on its financial obligations, it's now up to President Obama and House Speaker John Boehner, R-Ohio, to settle the differences between their two parties over raising the $14.3 trillion debt ceiling.


June 23, 2011
Analysis
White House, GOP Budget Deficit Talks Hit a Wall: Now What?
Budget deficit negotiations between Vice President Joe Biden and GOP lawmakers broke down Thursday after House Majority Leader Eric Cantor pulled out over the question of raising taxes. Judy Woodruff discusses the breakdown and what's ahead with The Washington Post's Lori Montgomery and The Wall Street Journal's Damian Paletta.

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June 23, 2011
Blog
Making Sense: Is China's Economic Progress In Trouble?
Stephen Roach of Morgan Stanley and now Yale, and author of the book "The Next Asia," has long been among the most astute and independent of economic forecasters.


June 23, 2011
Blog
Is China's Economic Progress in Trouble?
Stephen Roach, of Morgan Stanley and now Yale and author of the book "The Next Asia," has long been among the most astute and independent of economic forecasters. He has also spent much of the past decade in the Far East and lately, China, whose economic progress has seemed to him inexorable.


June 22, 2011
Report
Is Your Pension Safe? States Struggle With Pricey Challenges
As part of his continuing coverage of Making Sen$e of financial news, economics correspondent Paul Solman reports from Rhode Island on the struggles that states are facing over how to calculate investment returns for public pension funds to keep them fully funded.

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June 22, 2011
Blog
Can Investment Assumptions Worsen the State Pension Fund Crisis?
We look at how much states assume their investments will provide for public pensions with an interactive map that shows how sobering the forecast can be.


June 22, 2011
Blog
McConnell: We Shouldn't Talk About Default Consequences
Senate Minority Leader Mitch McConnell, R-Ky., said Wednesday he wasn't interested in discussing the negative economic consequences that Federal Reserve chairman Ben Bernanke said are inevitable if Congress does not agree to raise the federal debt ceiling by August 2nd, and instead focus on negotiations.


June 21, 2011
Analysis
JPMorgan to Pay $153 Million to Settle SEC Fraud Charges
The Securities and Exchange Commission announced Tuesday that JPMorgan Chase agreed to pay $153 million to settle charges of misleading investors in the housing market. Judy Woodruff discusses the settlement and back story with Pulitzer Prize-winning reporter Jesse Eisinger of ProPublica.

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June 21, 2011
Blog
Mad Hatter v. Baaad Hatter: You Voted and the Winner Is...
...that Hero of Haberdashery, Champ of Chapeaux, el Senor de Sombreros and Fliest of Fedoras -- my hat!


June 20, 2011
Update
Making Sense: Not-So-Simple Solman
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Monday's query considers whether Paul's audience understands what he's talking about.


June 17, 2011
Analysis
Boeing Battle: Was Dreamliner Move to S.C. Legal or Strike Retaliation?
A new $750 million Boeing factory in South Carolina is at the heart of a controversial National Labor Relations Board case. It was opened as a second location to build 787 Dreamliner jets after a series of union strikes in Washington state plants. Margaret Warner discusses the matter with The New York Times' Steven Greenhouse.

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June 17, 2011
Report
News Wrap: Greek PM Reshuffles Cabinet, Hoping to Pass New Austerity Measures
In other news Friday, Greek Prime Minister George Papandreou shook up his government in a bid to defuse the country's debt crisis and get new austerity measures through Parliament. Also in Yemen, officials announced that President Ali Abdullah Saleh, who is in Saudi Arabia getting medical treatment, plans to return within days.

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June 17, 2011
Update
When Eating Well Is a Matter of Where You Live
Patchwork Nation looks at "food deserts" around the country, where geography affects diet.

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June 17, 2011
Update
Is Outsourcing Semi-Skilled Jobs The Problem?
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Friday's query.


June 16, 2011
Analysis
Greek Debt Crisis Adds New Gravity to U.S. Deficit Debate
Demonstrators took to the streets in Greece and their government braced for a shake-up as that country grapples with a debt crisis with global repercussions. Also, Vice President Biden held meetings to work on a debt-ceiling deal. Judy Woodruff discusses the economic threats posed by Greece and U.S. debt with two experts.

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June 16, 2011
Report
Chance of Greek Bailout Default Worries Global Markets
Anxiety over the Greek debt crisis spooked markets in Europe and Asia again Thursday as investors worry about problems there spreading. Meanwhile, Greece's prime minister held an emergency Socialist Party meeting but delayed a Cabinet reshuffle until Friday. Daisy McAndrew of Independent Television News reports form London.

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June 16, 2011
Update
The Cat in the Hat
Paul Solman's signature hats have become somewhat of their own celebrity. While Paul regularly answers questions about business and economic news, Thursday's queries are two questions about his bright-brimmed coiffure.


June 15, 2011
Update
Tracking Energy Booms, Busts and the Rise of the 'Fracking' Debate
NewsHour correspondent Tom Bearden reports Wednesday on a community in Colorado that was once the site of large-scale oil drilling operations. Now, it is filled with gas-producing wells in another kind of energy boom.


June 14, 2011
Analysis
Broadway Holds Its Breath as 'Spider-Man' Musical Officially Debuts
One of the biggest financial bets in the history of theater, a musical about a comic book hero, was set to officially open Tuesday on Broadway after many high-profile problems in early production. Jeffrey Brown discusses "Spider-Man: Turn Off the Dark" with The New York Times' Patrick Healy.

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June 14, 2011
Report
Twitter Is Everywhere Now, but Can It Make Money?
From the Navy SEAL raid that killed Osama bin Laden to Rep. Anthony Weiner's scandal, Twitter has been in the news recently for helping break news. While the social media giant's popularity has soared among politicians, movie stars and people around the world, can the micro-blogging service make money? Spencer Michels reports.

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June 14, 2011
Update
Biz Stone: Twitter Is Bringing Humanity Together in New Ways
In extended interviews with the NewsHour's Spencer Michels, Twitter co-founder Biz Stone discusses the social media service's global impact on humanity and breaking news, and the "young" company's business model and why he says they're not for sale.

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June 14, 2011
Update
FDA Issues New Effectiveness Guidelines for Sunscreen
The Food and Drug Administration released new regulations Tuesday for sunscreens that will require the products to be tested for protection against two types of sun exposure that cause sunburn, premature aging of the skin and skin cancer.


June 14, 2011
Update
Canada? Denmark? Where to Live Your Best Possible Life
There's a new tool out by the OECD to help you determine which country is a perfect match for you, based on essential well-being and living condition indicators.


June 13, 2011
Update
Self-Controlled Kids Prosper as Adults: 'Fatalistically Depressing'?
A study found that self-control at age 3 predicts financial competence in adulthood. But does that finding make researchers fatalistically depressed or tremendously encouraged?

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June 10, 2011
Update
The Doubleheader: Bad Economic News, Anthony Weiner and the NBA Finals
New York Times columnist David Brooks, syndicated columnist Mark Shields and Political Editor David Chalian discuss President Obama's ability or inability to handle the economy and the ongoing Rep. Anthony Weiner scandal.

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June 10, 2011
Update
Comparing the Budget Proposals, Visually
The Washington Post has an informative and interactive graphic to help you sort through some of the various budget proposals, but Paul Solman has a couple of warnings.


June 10, 2011
Interactive
Patchwork Nation: How Will Unemployment Play Out in 2012?
The next presidential election may be some 18 months off, but most everyone agrees the race will be fought around the economy, and specifically jobs. In Patchwork Nation, we use demographics to look at how 12 different types of places have been affected, and the unemployment story is varied and complicated in those county types.


June 9, 2011
Report
Unusual Dispute Within OPEC Pushes Oil Prices Even Higher
What does the dissent within the ranks of the oil-producing nations in OPEC mean for oil prices in the U.S.? Margaret Warner discusses the turmoil at OPEC summit this week with Ed Crooks of The Financial Times.

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June 9, 2011
Update
Why Does Yale Cost $55,000 a Year?
Recently, we caught up with economist Robert Shiller outside the admissions office at Yale University, where he's taught economics since 1982. He suggested we waylay a Yale campus tour -- guide and group -- to get their take on inflation.

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June 9, 2011
Blog
Troops Encircle Syrian Town, Libya 'Contact Group' Discusses Next Steps
Also: U.S. reportedly resumes Yemen covert operations, CitiGroup accounts hacked, slowr winds may help firefighters battling Arizona wildfires.


June 8, 2011
Blog
Big Banks Lose Vote on Debit Card Rules
The Senate defeated a measure Wednesday that would have delayed implementation of a cut in the fees banks are allowed to charge retailers for each debit card transaction.


June 8, 2011
Blog
College Professors and Conflicts of Interest?
Paul Solman answers a reader's question about a supposed link between economics college professors and corruption on Wall Street.

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June 8, 2011
Update
The Morning Line: Obama to Renew Focus on Jobs
President Obama repeated his oft-used line Tuesday about how when he wakes up in the morning his first thought is about how to get more Americans back to work.


June 7, 2011
Blog
Saving: Brought To You By the Letter 'S'
Savings tips from the furry Muppets of Sesame Street, plus Paul Solman shares six things you need to know about interviewing Grover.

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June 7, 2011
Analysis
What More Could, Should Government Do for U.S. Economy?
A new Washington Post/ABC News poll finds that 57 percent of those surveyed say an economic turnaround has not yet begun in the U.S. Gwen Ifill discusses what's next for the economy -- and the political implications -- with USA Today's Susan Page, Wells Fargo economist Mark Vitner and Tom Binnings of Summit Economics.

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June 7, 2011
Update
Developers Have Stars in Their Eyes at Apple Event
The line to get in stretched around the block in the cold drizzle of a San Francisco June day.


June 7, 2011
Update
Political Checklist: Job #1 for Obama Still Economy
David Chalian, Gwen Ifill and Judy Woodruff look at the political implications of a Washington Post/ABC poll released Tuesday showing that six in 10 Americans are unhappy with President Obama's handling of the economy.

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June 7, 2011
Update
Merkel and Obama Emphasize Economic Stability, Mideast Peace
German Chancellor Angela Merkel and President Obama addressed questions about their countries' sluggish economies and the missions in Afghanistan and Libya at a news conference Tuesday.


June 6, 2011
Blog
The Key To a Successful Life?
The Dunedin study, which followed 1000+ babies born at one New Zealand hospital between 1972-73, recently released a paper with the finding that self-control was also linked to financial health. We went to Duke University last week to interview the study's associate director, Terri Moffitt, about the findings.

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June 3, 2011
Report
'Sesame Street' Tells You How to Get to Sunnier Days Financially
As part of his continuing coverage of Making Sen$e of financial news, business correspondent Paul Solman reports on how "Sesame Street" friends Elmo, Grover and Cookie Monster are teaching children smart ways to save and spend money -- and how many adults could use a refresher on the basics of saving for the future.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 3, 2011
Report
News Wrap: Edwards Indicted on Misuse of Campaign Funds, Pleaded Not Guilty
In other news Friday, a federal grand jury in North Carolina indicted two-time presidential candidate John Edwards on charges that he misused campaign donations to help hide his extramarital affair and out-of-wedlock baby. He pleaded not guilty. Also, Ratko Mladic was arraigned at a U.N. war crimes tribunal in The Hague.

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June 3, 2011
Analysis
'Utterly Disappointing' May Jobs Report: Why Aren't Businesses Hiring?
The U.S. unemployment report for May showed a sharp slowdown in hiring and a small increase in the unemployment rate. Judy Woodruff discusses the new jobs numbers and what they mean for the struggling American economic recovery with Lisa Lynch of Brandeis University and Joel Naroff of Naroff Economic Advisors.

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June 3, 2011
Blog
Unemployment: How Bad IS It? A Sign of the Dreaded W?
A mere 54,000 jobs were added in May, in contrast to the consensus forecast of 180,000. Our U-7, the most inclusive index of under- and unemployment, remained basically unchanged at 17.9 percent, representing nearly 29 million Americans.


June 3, 2011
Blog
Unemployment Rises to 9.1%, 54,000 Jobs Added in May
Also: Pakistani soldiers clash with militants near Afghan border, bombing kills 16 in Tikrit, North Korea escalates rhetoric against South Korea.


June 2, 2011
Blog
Making Sense: The 'Puzzling' Erosion of Unions
Paul Solman answers a reader's question on the balance between labor and business owners.


June 2, 2011
Analysis
U.S. Economic Recovery Stumbles, Reviving Debate on Way Forward
More signs of a stalling economic recovery emerged Thursday. Jeffrey Brown discusses what's working to spur growth in the fragile American economy -- and what isn't -- with Heather Boushey of the Center for American Progress and Stephen Moore, founder of the Club for Growth and economics writer for The Wall Street Journal.

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June 1, 2011
Blog
Social Security Administration Stops Sending Earnings Statements
Those with summer birthdays will find an important piece of mail missing from their mailboxes. On March 31, the Social Security Administration abruptly decided to stop sending its yearly earnings statements.

MAY
May 31, 2011
Analysis
Reps. Clyburn, Roskam Debate Thinking Behind Debt-Ceiling Showdown
House Republicans late Tuesday were staging what would be a largely symbolic vote on a bill ostensibly aimed at raising the U.S. debt limit by an additional $2.4 trillion, but without any spending cuts. The measure is not expected to pass. Judy Woodruff leads a debate between Reps. Peter Roskam, R-Ill., and James Clyburn, D-S.C.

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May 31, 2011
Analysis
Foreclosures, Unemployment, Confidence Continue to Drag Down Housing Market
A new report released Tuesday showed the state of the U.S. housing market has grown even more bleak as prices have dropped for more than two consecutive quarters. Gwen Ifill, RealtyTrac's Rick Sharga and Mark Zandi of Moody's Analytics discuss which factors are responsible for the continuing strains on the market.

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May 31, 2011
Blog
Did Home Prices Drop in Your Hometown?
To accompany the Case-Shiller index, Making Sen$e is introducing a new map. You can see how home prices have changed in various cities in recent years, right up to the latest data.


May 30, 2011
Update
Small Enterprises Take Root in Ghana
Special correspondent Fred de Sam Lazaro reports on what sets Ghana apart from its neighbors in its entrepreneurship efforts.


May 27, 2011
Analysis
Is a College Diploma Worth the Soaring Student Debt?
As a growing number of students suffer soaring college debt, many questions are being raised about the value of higher education amid meager job prospects in a struggling economy. Jeffrey Brown gets four views on whether today's diplomas are worth the cost.

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May 27, 2011
Blog
Is College Worth It? Join in a LIVE Chat on Tuesday
Are today's diplomas worth the debt? It's an old question being debated anew in these economic times.


May 27, 2011
Blog
'Hey Paul: Do Something Useful For Once'
Paul answer's a readers question about not be tough enough in an interview about outrageous CEO pay.


May 26, 2011
Blog
Mortgage Form Makeover: What Do You Think?
We look at the Consumer Financial Protection Agency's proposed new mortgage documents, and ask you to see if the original or the proposals are better.


May 25, 2011
Blog
Obama's European Trip: Comparing Countries' Debt Troubles
President Obama addressed the British Parliament on Wednesday as part of his six-day, four-country tour of Europe. We decided to look at the economic situations of eight countries, including the four on Mr. Obama's itinerary, and how likely the troubled ones are to default on their debt.


May 24, 2011
Analysis
Chrysler Pays Back Billions in Bailout Loans: Is the Comeback Complete?
Chrysler CEO Sergio Marchionne announced Tuesday that the company had repaid $7.9 billion in debt and interest to the U.S. and Canadian governments, less than two years after receiving a bailout. Jeffrey Brown discusses the comeback with Paul Eisenstein, publisher of thedetroitbureau.com and Changing Gears' Micheline Maynard.

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May 24, 2011
Report
After Years of Economic Hardship in Eagle, Colo.: Resignation
The last few years have given people in this Rocky Mountain town good reason to be angry. While no community has escaped the toll of the great recession, Eagle has seen a fundamental change in its daily life.


May 24, 2011
Blog
The Rising Price of Oil
Paul Solman answers a reader's question about how to bring the cost of gasoline down.


May 23, 2011
Analysis
As Obama Kicks Off Trip, How Far-Reaching Is Europe's Economic Crisis?
President Obama kicked off his trip to Europe with an ecstatic welcome from a crowd in Dublin. The jubilant scene came amid troubled economic realities facing the Eurozone. Jeffrey Brown discusses Europe's continued financial struggles with the Financial Times' Gillian Tett and Harvard University's Kenneth Rogoff.

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May 23, 2011
Blog
Is It Dumb to Play the Lottery?
Paul Solman answers a reader's question about how 'smart' lottery pooling can be.


May 20, 2011
Blog
Furry Robots, Foldable Cars and More Innovations from MIT's Media Lab
We recently visited the Media Lab at the Massachusetts Institute of Technology. Here's a sampling of some of the Lab's recent high-tech creations.


May 20, 2011
Slide Show
Furry Robots, Foldable Cars and More Innovations from MIT's Media Lab
We recently visited the Media Lab at MIT for our story on George Mason University economist Tyler Cowen's ebook, "The Great Stagnation." Cowen argues that the pace of innovation is stalling. We went to MIT for the counterargument. Here's a sampling of some of the Lab's recent high-tech creations.


May 19, 2011
Analysis
Report on Deadly W.Va. Mine Blast Castigates Massey for Safety Lapses
In the worst U.S. mining disaster in four decades, 29 trapped miners were killed after an explosion deep inside the Upper Big Branch Mine in West Virginia. Ray Suarez speaks with NPR's Howard Berkes about a new report on the disaster's causes that criticized the safety practices of mine owner Massey Energy.

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May 19, 2011
Analysis
After Strauss-Kahn Steps Down, IMF Leadership 'Jockeying Has Begun'
Former IMF head, Dominique Strauss-Kahn, resigned five days after being accused of attempted rape and sexual assault of a hotel maid. Jim Lehrer discusses what's next for the IMF and Strauss-Kahn with Bloomberg TV's Sara Eisen and The Economist's Zanny Minton Beddoes.

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May 19, 2011
Report
Strauss-Kahn Indicted on Sex Crime Charges, Headed for House Arrest
After resigning as head of the International Monetary Fund, Dominique Strauss-Kahn was indicted Thursday on sex crime charges and appeared headed toward house arrest under the watch of armed guards after a New York judge granted him bail under certain restrictions. Strauss-Kahn maintains his innocence. Jim Lehrer reports.

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May 19, 2011
Blog
Report on W. Va. Mine Disaster Blames Safety Lapses, Poor Oversight
The first official investigative report on the disaster at Upper Big Branch Mine in West Virginia last year, which killed 29 miners, found that the explosion could have been prevented and was the result of a corporate culture at the mine "in which wrongdoing became acceptable, where deviation became the norm.


May 19, 2011
Blog
Foodie Economist: How To Find Great Eats
When economist Tyler Cowen finishes his day job at George Mason University and dinner time rolls around, he sinks his teeth into his hobby: blogging about -- and eating -- ethnic food in and around Washington, D.C. The aptly-named Tyler Cowen's Ethnic Dining Guide reflects decades spent exploring and documenting world cuisine.

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May 18, 2011
Report
The Great Stagnation: Why Hasn't Recent Technology Created More Jobs?
As part of his continuing coverage of Making Sen$e of financial news, Paul Solman reports on why more good jobs haven't been created in recent years. Can new technological innovations create widespread job growth as past generations have seen?

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 18, 2011
Report
Debate Over Rising Gas Prices Heats Up in Congress
Two bills focused on oil company tax breaks, deep-sea drilling and reducing rising gas prices have reignited energy policy debates on Capitol Hill. Congressional correspondent Kwame Holman reports on the political fight over prices at the pump.

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May 18, 2011
Analysis
Prosecution, Defense Prepare for Another Strauss-Kahn Court Appearance
IMF leader Dominique Strauss-Kahn's arrest has sent shockwaves throughout the financial and political worlds. Gwen Ifill discusses what to expect in the forthcoming legal proceedings -- and the political fallout in France and at the IMF -- with The Wall Street Journal's Tamer El-Ghobashy and The New York Times' Elaine Sciolino.

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May 18, 2011
Report
Shockwaves Continue Through Financial World Over Strauss-Kahn Arrest
Held on charges of sexual assault against a chambermaid at a New York City hotel, IMF chief Dominique Strauss-Kahn remains in a cell alone in Riker's Island jail and has been put on suicide watch. Gwen Ifill reports on the latest developments since his arrest and reactions from around the world.

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May 18, 2011
Blog
Making Sense: The Two Faces of Dominique Strauss-Kahn
Paul Solman recalls interviewing the head of the International Monetary Fund, now being held at New York's Rikers Island prison after being accused of assault.

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May 18, 2011
Blog
The Two Faces of Dominique Strauss-Kahn
Paul Solman reflects on what it was like meeting with and interviewing Dominique Strauss-Kahn back in 2009: "He was as urbane and well-mannered an interviewee as ever you'll meet. Sensible and clear, candid, and unfailingly, ever-so-earnestly gracious.

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May 17, 2011
Report
News Wrap: Part of Mississippi River Closed, Reopen Date Uncertain
In other news Tuesday, the Coast Guard closed part of the Mississippi River and didn't say when it might reopen. Meanwhile, floodwater continued to creep across Louisiana's Cajun country after a key spillway was opened. Also, Pakistani troops exchanged shots with a NATO helicopter in an incident on the Afghan border.

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May 17, 2011
Analysis
Housing Market Still Plagued by Foreclosures, Mortgage Woes, Tumbling Prices
The U.S. housing market showed more signs of weakness Tuesday with the fall of new home construction by more than 10 percent and new building permits by 4 percent. Judy Woodruff discusses the fallout from the disappointing new housing report with Inside Mortgage Finance's Guy Cecala and The Washington Post's Dina ElBoghdady.

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May 17, 2011
Blog
Consensus on Gas Policy in Congress Remains Unlikely
Both major political parties in Congress can agree on at least one thing: The price of gasoline in America -- at $4 a gallon -- is a bad thing. Agreeing on what, if anything, should be done about that reality isn't as easy.


May 17, 2011
Blog
Can You Make it Through the Month? Financial Decisions of the Poor
Here's an online "game" found for us by one of our most trusted advisors, Boston University Finance Professor Zvi Bodie. It gives a sense of what it means to be poor in America these days. Eye-opening, if dispiriting.


May 16, 2011
Analysis
Strauss-Kahn Arrest Drops 'Bomb' on French Politics; IMF Faces Leadership Vacuum
IMF Chief Dominique Strauss-Kahn was denied bail Monday for sexual assault of a 32-year-old chambermaid in his New York hotel suite. Gwen Ifill discusses possible fallout from this incident with former IMF official Eswar Prasad and Princeton research scholar Sophie Meunier.

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May 16, 2011
Report
IMF Chief Strauss-Kahn Denied $1 Million Bail Over Sexual Assault Charge
In New York, Judge Melissa Jackson denied IMF Chief Dominique Strauss-Kahn's request of $1 million bail Monday, calling him a flight risk. Strauss-Kahn was arrested Saturday night after a 32-year-old chambermaid accused him of sexually assaulting her at a New York hotel where he was staying. Gwen Ifill reports.

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May 16, 2011
Blog
Q&A: New York Times Reporter on Next Steps in Government Debt Limit Debate
As the United States government officially hits its $14.3 trillion borrowing limit Monday, New York Times finance and banking reporter Binyamin Appelbaum laid out what some of the potential consequences might be.


May 16, 2011
Blog
Political Checklist: We've Hit the Debt Ceiling, Now What?
Gwen Ifill and David Chalian examine why, if the nation has hit its limit for borrowing, has there been no outcry from the markets or the political system? Gwen suggests that Wall Street is well-aware that Congress is known for making politics out of the debt ceiling increase, but always raises the limit before it is too late.

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May 16, 2011
Blog
'Demand' Driving Inflation? A Viewer Begs to Differ
A complaint lodged with the PBS Ombudsman was passed along after Friday's broadcast and seemed worth answering in a public forum.

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May 13, 2011
Report
Tracking Inflation: How Fast Are Prices Rising?
As part of his continuing coverage of Making Sense of financial news, Paul Solman reports on the growing rate of inflation and how Americans are dealing with the extra costs. According to the government's latest figures, prices made the biggest jump in any 12-month period since October 2008.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 13, 2011
Blog
Medicare, Social Security May Exhaust Funds Sooner Than Expected
The trustees who oversee the finances of Medicare and Social Security said Friday that both programs will exhaust their trust funds sooner than previously expected.


May 13, 2011
Blog
Foreclosures Are Down. How Is That Bad News?
Looking at the housing market is enough to give anyone a serious dose of cognitive dissonance. The April numbers, at first blush, seem like good news.


May 13, 2011
Blog
Extremist Economics and Printing Dollars
John Williams is an economic extremist. He thinks a collapse of the U.S. dollar and hyperinflation are just around the corner and that gold is therefore the best bet around. He thinks the government manipulates the economic data to make things look better than they are.


May 12, 2011
Conversation
'Wizard of Lies' Author Details Madoff's Fall Into Massive Financial Fraud
In the new book, "The Wizard of Lies," New York Times' Diana Henriques chronicles the massive Wall Street Ponzi scheme of the '90s led by Bernie Madoff. Jeffrey Brown talks to Henriques about her reporting.

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May 12, 2011
Analysis
Tax Breaks for Oil Companies: Good for Business or Unfair Advantage?
Lawmakers targeted the oil industry's tax breaks and profits in budget debates Thursday. Judy Woodruff discusses the debate over tax breaks for oil production and other rules with The Energy Program at Public Citizen's Tyson Slocum and The American Petroleum Institute's Brian Johnson.

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May 12, 2011
Newsmaker Interview
McConnell Optimistic on Spending Deal That Will 'Astonish the American People'
In a newsmaker interview with Jim Lehrer on Thursday, Senate Republican Leader Mitch McConnell discusses what's next for budget talks and other spending issues.

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May 12, 2011
Report
Obama, Congress Work on Recipe to Reduce National Debt
President Obama met with top lawmakers again Thursday, to continue working on a deal to reduce the nation's deficit. Ray Suarez reports on the battle lines being drawn by both parties, from spending cuts to new taxes.

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May 12, 2011
Blog
McConnell Rules Out Tax Increases In Debt Limit Deal
Senate Minority Leader Mitch McConnell, R-Ky., was upbeat Thursday after he and other Republican senators met with President Obama, but repeated his position that any increase in the debt ceiling will include spending cuts, and no tax increases.


May 12, 2011
Blog
Are Taxes Lower Now Than the 1950s?
Paul Solman answers a reader's question about whether or not Americans are paying less in taxes than we did in the 1950s.


May 11, 2011
Report
Galleon Fund Head Convicted of Fraud, Conspiracy
In other news Wednesday, a federal jury in New York has convicted Raj Rajaratnam, founder of The Galleon Group, in the largest insider trading case ever involving hedge funds.

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May 11, 2011
Blog
'Inside Job': an Oscar Winner Answers Your Questions
Today we hand over question-and-answer duties to Charles Ferguson, former MIT academic and dot.com entrepreneur who is now a documentary filmmaker, and created the Academy Award-winning analysis of the Crash of '08, 'Inside Job.'

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May 10, 2011
Report
Debt Debate Heats Up in Washington as Borrowing Limit Looms
With the federal government set to hit its legal limit on borrowing in less than a week, House Speaker John Boehner outlined new debt ceiling negotiation terms. Kwame Holman reports on the politics of the debate.

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May 10, 2011
Blog
Study: 44 Million Could Lose Medicaid Coverage Under GOP Plan
A new study released Tuesday by two nonpartisan organizations added new fuel to the debate over debt and spending when the report found that debt reduction proposals by House Republicans lawmakers could leave up to 44 million more low-income and disabled Americans without health insurance.


May 10, 2011
Blog
Old Folks at Home and the Curse of Internet Investing
Paul Solman answers a reader's question about online investing.


May 10, 2011
Blog
Microsoft to Buy Skype for $8.5 Billion, NATO Launches Strikes on Tripoli
NATO launches fresh strikes on Tripoli, insurgents attack police in Afghanistan's Nuristan province, and Syrian security forces send tanks to Daraa.


May 9, 2011
Blog
My Least-Favorite Investment Vehicle (Except For All the Other Ones)
Paul Solman answers a readers question, "How safe are TIPs" for retirement investments?


May 6, 2011
Analysis
What Does Widening U.S. Income Gap Mean for Future of Economy, Americans?
The jobs report for April was released Friday as well as a new report that found top CEO pay is above where it was in 2007, before the recession. Jeffrey Brown discusses the widening income gap and increase in executive pay with AFL-CIO Office of Investment's Vinetta Anand and The Council on Competitiveness' Deborah Wince-Smith.

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May 6, 2011
Analysis
As Job Growth Continues, Focus Turns to Speed of U.S. Recovery
The April jobs report showed healthy gains Friday, but also a rise in the unemployment rate. U.S. markets rose sharply in early trading, but surrendered most of their gains later in the day. Judy Woodruff takes a closer look at the latest jobs numbers with New York Times' David Leonhardt, a recent winner of the Pulitzer Prize.

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May 6, 2011
Blog
Dueling April Jobs Numbers Cloud Some Good News for Economy
Once again, the monthly unemployment data give occasion for those who have hair to lose more of it. The Household Survey, from which the much-trumpeted "unemployment number" comes, brings us a rise in official unemployment to 9 percent, even as employers added 244,000 new jobs.


May 5, 2011
Analysis
After Shutdown Showdown, Lawmakers Appear 'Prepared to Work Together' on Budget
In Washington, Vice President Biden met with top lawmakers Thursday to begin a new round of high-level budget, deficit and spending negotiations. Jeffrey Brown discusses the looming debt deadline and the issues at play with The Washington Post's Lori Montgomery.

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May 5, 2011
Blog
Q&A: Are Drug Shortages Multiplying?
If you're a patient in the emergency room, or fighting a long battle with cancer, there's a chance your doctors may not have access to the best drugs to treat you because of rising prescription drug shortages.


May 4, 2011
Report
Oscar-Winning 'Inside Job' Director Attacks Economists' Ties to Financial Sector
As part of his continuing coverage of Making Sen$e of financial news, Paul Solman reports on the aftermath of the financial crisis and how the Academy Award-winning documentary, "Inside Job" is influencing some leading economic thinkers. The film raises concerns about conflicts of interest for economists in academics.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 4, 2011
Blog
Ask Oscar-Winning 'Inside Job' Director Your Questions on the Financial Crisis
Producer and director Charles Ferguson won an Academy Award earlier this year for "Inside Job", his documentary about the financial crisis.


May 4, 2011
Blog
A Dark Abyss of Blessing or Curse
Paul Solman answers a reader's question about a businessman's claims about a return on investment.


May 3, 2011
Blog
Obama Pleads for Bipartisanship in Bin Laden Aftermath
At Monday's previously scheduled White House dinner with congressional leaders, committee chairs and ranking members of both parties, President Obama highlighted the sense of American unity surrounding the death of Osama bin Laden and appealed to the lawmakers for more bipartisan action moving forward.


May 2, 2011
Blog
Keynes vs. Hayek, the Rematch: Keynes Responds
Late last week the makers of the 2009 rap video "'Fear the Boom and Bust' a Hayek vs. Keynes Rap Anthem" came out with a follow-up: "Fight of the Century: Keynes vs. Hayek Round Two."

APRIL
April 29, 2011
Blog
The Budget Battle: WWHD? (What Would Hayek Do?) AK? (And Keynes?)
Cut taxes? Hike them? Cut government? Save the safety net? These economic questions are dominating debate in DC. So we thought we'd consult two of the greatest economists of all time: What would YOU do about today's budget deficit?


April 28, 2011
Blog
Keynes vs. Hayek Round Two
"We've been going back and forth for a century." So began an economics rap between two long-dead English economists, interventionist John Maynard Keynes and governmentophobe Friedrich Hayek that went viral. The rap's dress rehearsal debuted on the NewsHour back in December 2009.


April 28, 2011
Blog
Coming Soon: Keynes vs. Hayek, Round Two
"We've been going back and forth for a century." So began an economics rap between two long-dead English economists, interventionist John Maynard Keynes and governmentophobe Friedrich Hayek that went viral.


April 28, 2011
Blog
A Dark Abyss of Blessing or Curse
Paul Solman answers a reader's question about a business executive's claim about a return on investment.


April 27, 2011
Analysis
Bernanke Spotlights Political, Economic Challenges in Historic News Conference
In hopes of further revamping the Fed's secretive image, Chairman Ben Bernanke held the first-ever regularly scheduled news conference in its 98-year history. Jeffrey Brown discusses his remarks with Columbia University's Joseph Stiglitz and Matthew Slaughter, who served on the Council of Economic Advisers under George W. Bush.

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April 27, 2011
Blog
The Obamas Gave $131,000 to the Fisher House Foundation Last Year. What Is It?
The Obama document du jour may be the President's birth certificate, but here on the Business Desk we've been looking into another document: the First Family's tax return.


April 27, 2011
Blog
The Obamas Gave $131,000 to the Fisher House Foundation Last Year. What Is It?
The Obama document du jour may be the President's birth certificate but we've been looking into another document: the First Family's tax return. Last week we ran an infographic illustrating their 2010 filing. In it we noted the largest charitable recipient was the Fisher House Foundation. Just what is it?


April 27, 2011
Blog
5 Questions About the Federal Reserve and Bernanke's News Conference
The Federal Reserve may regularly make decisions affecting monetary policy and the country's economy, but its chairmen have never held a regularly scheduled news conference to explain their thinking...until now.


April 26, 2011
Blog
One Year Later, Where Does BP Stand?
One year after the Gulf oil spill, BP is still in the crosshairs of many, and anger against the company has not subsided along the Gulf Coast. But BP is doing better than many had expected last spring and summer.


April 26, 2011
Blog
Suppose You Want to Pay Down the National Debt, All by Yourself?
Slate, the online magazine, has a fascinating explainer of an oft-asked question: can individuals help pay down the debt and if so, how?


April 26, 2011
Blog
Suppose You Want to Pay Down the National Debt All by Yourself?
Slate, the online magazine, has a fascinating explainer of an oft-asked question: can individuals help pay down the debt and if so, how?


April 25, 2011
Blog
Should Banks Modify Home Loans to Today's Home Values?
Say I'm a bank, servicing a loan. It's a costly hassle for me to renegotiate with the homeowner. It may be impossible to renegotiate with the investors I'm collecting for. They might even sue me. And if I'm holding the loan myself and am forced to write it down, that eats into my profits.


April 22, 2011
Blog
Our National Debt: Political Gamesmanship or a Game of Chicken?
A graphic chronicle of debt ceiling hikes from Bloomberg Businessweek. For the record, it doesn't seem like either 'political gamesmanship' or a game of chicken, so much as a vivid illustration of how and why the national debt has grown.


April 21, 2011
Blog
Budget Showdown: What's In the Obama and Ryan Plans?
This week President Obama has been crisscrossing the country selling his budget plan to the American people. Meanwhile, Republican Representative Paul Ryan has been pitching his budget proposal to constituents in Wisconsin. We wanted to take a step back from the rhetoric for a look at what's in the competing plans.


April 21, 2011
Blog
Deepwater Horizon Survivor Chris Choy: 'I Can't Go Back Onto a Rig'
With this week marking the first anniversary of the Deepwater Horizon explosion and start of the Gulf oil spill, we checked back with Christopher Choy, a roustabout who survived the blast on the rig, to see how he is faring a year later.

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April 21, 2011
Blog
'Louisiana Water Stories' Documents the Culture and Curses of SOLA
Jon Bowermaster's latest documentary, "SOLA: Louisiana Water Stories," looks at the relationship between man and water in the region, from the rich culture of Cajun Country to devastating environmental disasters.

videoStreaming Video


April 20, 2011
Blog
Gulf Oil Spill: 1 Year and 232 Stories Later
It was a year ago Wednesday that a massive oil spill began in the Gulf of Mexico with an explosion aboard the Deepwater Horizon oil rig. In a timeline, we look back on the NewsHour's coverage of the disaster.


FUNDED IN PART BY: National Science Foundation Rapid


April 20, 2011
Blog
Polls Show Support for Fixing Deficit, but Not for Remedies
The storyline after November's midterm elections was that voters had sent a clear message to lawmakers in Washington to reduce the size and scope of government. And it appears many Americans still feel that way.


April 19, 2011
Blog
As the GOP Chases Public Sector Unions, Small Towns Feel a Pinch
From Wisconsin to Ohio to Indiana, the new Republican powers in statehouses have made clear that one of their chief targets is public sector unions.


April 19, 2011
Blog
What Happens to Us Codgers if the Debt Limit Isn't Raised?
We reported last week on the fear and trembling of bond vigilantism, real or imagined -- that the bond market would punish the country for profligacy by raising the interest it demanded to lend us money. Therefore, say deficit hawks who refuse to raise taxes, we mustn't raise the debt ceiling without drastic spending cuts.

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April 19, 2011
Blog
S&P's Dire Warning: Of Any Significance At All?
Call me a contrarian -- or just your garden-variety journalist/skeptic -- but when I read the much-ballyhooed Standard & Poor's announcement yesterday, I shook my shiny head.


April 18, 2011
Analysis
In Downgrading U.S. Rating, Standard & Poor's Fires 'Warning Shot'
Citing a "significant risk" of legislative stalemate until after the 2012 election, bond-rating agency Standard & Poor's downgraded the long-term outlook on U.S. Treasury debt from stable to negative. Judy Woodruff discusses the rating's economic impact with the Financial Times' James Politi and Perna Associates' Nick Perna.

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April 18, 2011
Blog
How Much Did President Obama Make in 2010?
The First Family's 2010 tax return was released today and we've pulled out some of the more interesting numbers in a graphic for you.


April 15, 2011
Blog
House Passes Ryan 2012 Budget Proposal
The House of Representatives passed a measure that would cut $5.8 trillion in spending over the next ten years and include major reforms to Medicare and Medicaid. Senate Democrats, as well as the president, have vowed to block the plan, proposed by Rep. Paul Ryan, R-Wis.


April 15, 2011
Blog
How Does Investing Create Jobs?
Paul Solman answers the question, "If my company's stock is currently $10 and then in a month goes to $20, how does this doubling show up on a company's balance sheet? And if it does not show up on a firm's balance sheet, exactly how does trading create any jobs?"


April 14, 2011
Analysis
Krugman on Obama Deficit Plan: 'Not Perfect,' More Plausible Than GOP's
A week after Rep. Paul Ryan released the Republican 2012 budget blueprint, President Obama offered his plan for reducing the deficit by $4 trillion over 12 years. Jeffrey Brown discusses the competing visions with Princeton University's Paul Krugman and the American Action Forum's Douglas Holtz-Eakin.

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April 14, 2011
Blog
Patchwork Nation: 'Good News' on Foreclosures Not All Good
When is good news not as good as it seems? Well, the foreclosure numbers from the first quarter of 2011 offer a good example.


April 14, 2011
Blog
House Passes $38.5 Billion Budget Deal to Fund Government
The last-minute deal reached last Friday to prevent a government shutdown passed its biggest hurdle Thursday when it cleared the House of Representatives, despite fears that conservative House Republicans could scuttle the deal because it did not cut enough money from the federal budget.


April 13, 2011
Analysis
Unrest in Middle East, U.S. Demand Drive Gas Toward $4 Average
As gas prices creep above $4 per gallon in parts of the U.S., a new poll shows two-thirds of Americans say they will cut down on expenses to cope with rising fuel costs. Ray Suarez discusses the effects of higher petroleum prices with David Kirsch of PFC Energy.

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April 13, 2011
Report
How Would Raising Debt Ceiling Impact U.S. Bond Market?
As part of his series on Making Sen$e of financial news, economics correspondent Paul Solman reports on how raising the debt ceiling again would affect the U.S. bond market.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 13, 2011
Report
News Wrap: Federal Reserve Reports Economic Growth Across U.S.
In other news Wednesday, a Federal Reserve report said the U.S. economy improved in every part of the country. In Pakistan, intelligence officials reported U.S. drone aircraft killed six suspected Taliban fighters near the Afghan border. The attacks come two days after Pakistan's spy chief asked the CIA to limit drone attacks.

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April 13, 2011
Report
Obama Unveils Plan to Save $4 Trillion via Spending Cuts, Tax Reform
In a speech at George Washington University, President Obama called for cutting the U.S. deficit by $4 trillion over 12 years. His plan includes ending tax cuts for incomes above $250,000, reducing defense spending by $400 billion and exacting $480 billion in savings from Medicare and Medicaid. Kwame Holman reports.

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April 13, 2011
Map
Some Jobs Relief Seen in Suburbs, But Long-Term Struggles Likely Ahead
Was it a temporary dip or a fundamental restructuring of the American economy? As the last recession dragged on and on, that was the larger question hanging over the country. And yet it remains unanswered. But from where things stand this month, Patchwork Nation believes there is strong evidence that the latter is true.


April 12, 2011
Blog
The 'Real' Effects of Unemployment
Today's question concerns the "real" effects of unemployment: "There never seems to be any comment and analysis about the real effects of unemployment on families: how kids are impacted at school, how families have to move in with grandparents, how homes are foreclosed and people have to move, and the trickle-down effect."

videoStreaming Video


April 12, 2011
Blog
Tool$ Tuesday: Tips For Tax Day
We have a list of tips, tricks, tools and diversions for those of us who still haven't filed our taxes yet.


April 11, 2011
Blog
Could 'Financial Weather Observers' Prevent Another Economic Crisis?
Paul Solman answers a reader's question about how to prevent future financial meltdowns like the one in 2008 -- with computer power similar to that of the National Weather Service.


April 8, 2011
Blog
Weekonomics: Budget Negotiations Edition
If the government does indeed shutdown, here's a snapshot of what that could look like.

videoStreaming Video


April 7, 2011
Blog
The Need for a Long-Term Budget Fix
"We're facing a genuine crisis," Alice Rivlinsaid. "We have to have a workable plan. Domenici/Rivlin and Simpson/Bowles prove it can be done. I hope the next move is a bi-partisan, senate resolution because we need radical, comprehensive budget reform."


April 6, 2011
Blog
Government Shutdown: Rx of the Devil or Just What the Doctor Ordered?
A conversation this morning with a centrist Democrat from the Brookings Institution who lived through the shutdown of 1995, economist Martin Baily.


April 5, 2011
Blog
One Year Later, Massey Mine Disaster's Wounds, Investigations Linger
Memorials were held and dozens of coal mines stood idle Tuesday across Appalachia, one year after after a massive explosion ripped through the Upper Big Branch mine near Beckley, W.Va., killing 29 coal miners and injuring two.


April 5, 2011
Blog
Rep. Ryan Reimagines U.S. Social Safety Net Via Budget Reform Proposal
As part of an ambitious budget plan he unveiled earlier in the day, Rep. Paul Ryan on Tuesday afternoon called for an overhaul to the American social safety net, including reforms to Medicaid, Medicare, food stamps, housing assistance and job training. Read an excerpt of Judy Woodruff's interview with him.

videoStreaming Video


April 5, 2011
Blog
A Young Vet and His Dog
In this web exclusive video, we profile 26 year old Chris Goehner, who deployed twice to Iraq. He's one of the 18 1/2 percent of Iraq and Afghanistan vets who have suffered from PTSD or major depression since coming home. Today, Goehner's PTSD is under control thanks to a Labrador-Retriever mix service dog named Pele.

videoStreaming Video


April 5, 2011
Blog
White House, Congress Remain at Odds in Push to Avoid Shutdown
House Speaker John Boehner, R-Ohio, said Tuesday that GOP lawmakers and the White House had failed to reach an agreement three days before a potential government shutdown.


April 5, 2011
Blog
Ryan's 'Path to Prosperity' Met with Immediate Opposition
Minutes after Rep. Paul Ryan, R-Wis., and his Republican colleagues rolled out the sweeping 'Path to Prosperity,' House and Senate Democrats began portraying it as an assault on the social safety net for American seniors.


April 5, 2011
Blog
House GOP Budget Plan Seeks More Than $5 Trillion in Cuts
Rep. Paul Ryan, R-Wis., unveiled a House GOP budget proposal Tuesday that seeks some $5.8 trillion in cuts, including a reshaping of key entitlement programs and some tax reforms.

videoStreaming Video


April 4, 2011
Blog
Cracks Ground Southwest Planes, Raise New Questions on Inspections
Southwest Airlines is grounding its fleet of Boeing 737-300s for inspection after one of its planes was forced to make an emergency landing Friday with a five-foot hole in the roof of the cabin.


April 4, 2011
Blog
Can U.S. Product Makers Manufacture a Profit?
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page.


April 4, 2011
Blog
Can U.S. Product Makers Manufacture a Profit?
The most profitable firm is the one that most lowers its costs and thus takes business from its rivals. Therefore it attracts the capital to keep expanding. In theory, "less profitable" eventually becomes not profitable as customers and investors move on. Sunny-side-of-the-streeters point to the virtues of such competition.


April 1, 2011
Report
Returning Vets Face a New Battle: The Job Market
As part of his series on Making Sen$e of financial news, economics correspondent Paul Solman reports on the challenges veterans face returning home and searching for work in a troubled job market.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 1, 2011
Analysis
Unemployment Rate Drops in March, but Economic Recovery Remains Fragile
The U.S. unemployment rate for March dropped to a two-year low of 8.8 percent. Ray Suarez discusses the numbers with Joel Naroff of Naroff Economic Advisers and Catherine Mann of Brandeis University International Business School.

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April 1, 2011
Blog
Weekonomics: Our Friday Roundup
Today we initiate "Weekonomics," a Friday roundup of the week's economics news.

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April 1, 2011
Blog
Weekonomics: Our Friday Roundup
Today we initiate "Weekonomics," a Friday roundup of the week's economics news. No fooling. Simon Johnson starts us off with "lightning round" answers to questions on the banks, Europe, Japan and, because the monthly jobs data came out this morning, unemployment.

videoStreaming Video


April 1, 2011
Blog
March Unemployment: Barely Budging
One brief comment on the jobs numbers.


April 1, 2011
Blog
March Unemployment: Barely Budging
The net addition of 216,000 jobs, from the so-called payroll survey, is respectable. You can't tell a lot from any one month's numbers, but the unemployment rate barely budged because the "civilian workforce" added nearly as many people as the economy did jobs.


April 1, 2011
Blog
Jobs Up, Unemployment Down as Economy Continues Recovery
The economy added 216,000 jobs to the payroll in March, and the unemployment rate ticked down a notch to 8.8 percent, according to reports released by the Bureau of Labor Statistics Friday morning.


April 1, 2011
Blog
Unemployment Falls to 8.8 Percent, Employers Add 216K Jobs
The Bureau of Labor Statistics released new data showing that unemployment dropped again to 8.8 percent in March, with employers adding 216,000 new jobs. The manufacturing sector showed especially strong growth, increasing at its fastest pace in seven years.

MARCH
March 31, 2011
Blog
New Records Reveal Extent of Fed's Reach During Financial Crisis
In the books and stories that have been written about the financial crisis, the Fed's pivotal role in calming markets and restoring liquidity in 2008 is well-documented. But what became even clearer Thursday is just how far and wide the Fed provided emergency assistance during the worst crisis since the Great Depression.


March 31, 2011
Video
The Madness of Sports Betting: Economics Edition
If you're one of the millions of Americans who filled out a college basketball national championship bracket this year, odds are you're out of luck. Paul Solman talks to Justin Wolfers about behavior and economics.

videoStreaming Video


March 31, 2011
Blog
Coming Up on Making Sen$e: The Fate of America's Veterans Looking For Work
On Friday's NewsHour: an eye-opening look at the fate of many veterans attempting to transition back into a tough job market.

videoStreaming Video


March 30, 2011
Blog
Tea Party Poses a Dilemma for Boehner in Budget Battle
As the clock ticks once again toward the government shutdown deadline - April 8 - the NewsHour asked Todd Zwillich, Washington correspondent for the Takeaway radio program from Public Radio International and WNYC, to explain the influence of the Tea Party-inspired Republican freshman in the House of Representatives.

videoStreaming Video


March 30, 2011
Blog
Regulators Crack Down on Microfinance Industry in India
New rules aimed at regulating India's microfinance industry, whose spectacular growth and near collapse strongly echo the U.S. subprime mortgage crisis, are set to take effect April 1.


March 30, 2011
Blog
President Obama Presents Energy Plan, Calls for Cut in Imports of Foreign Oil
In a speech at Georgetown University, President Obama heavily emphasized new technology and alternative sources, in addition to "safe and responsible" offshore drilling.

videoStreaming Video


March 30, 2011
Blog
Are American Workers Overpaid?
Why is $27 per hour considered a lavish wage? We rarely hear such complaints about the astronomical salaries of hedge fund managers or bank CEO's who contribute little to the real economy, and have been mostly to blame for the recent economic collapse.

videoStreaming Video


March 29, 2011
Analysis
Is the U.S. Stuck in a Second Housing Slump?
The economy may be showing sings of new life but new data show a weak housing market. Ray Suarez talks to Yale University's Ron Shiller about the state of the U.S. housing picture.

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March 29, 2011
Blog
The March Madness Money Trail
Ninety percent of the NCAA's revenue, or about $700 million each year, "comes from the media rights and ticket sales for the NCAA Men's Basketball Tournament," according to President Mark Emmert. The players, however, won't see a dime.

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March 29, 2011
Blog
Making Sen$e Tool$ Tuesday: How States Measure Up
A look at state-by-state census data you can use.


March 29, 2011
Blog
Tool$ Tuesday: How States Size Up
According to the U.S. Census Bureau the nation grew almost ten percent over the last decade -- from 281.4 million in 2000 to 308.7 million in 2010. The country's racial mix has shifted too. The number of people that identify as Hispanic or Latino has grown 43 percent since 2000.


March 28, 2011
Blog
Economic Forecasts: Crow or Eat Crow
Paul Solman answers a reader's question on the delicate art of economic prognostication - and why he tries to avoid making predictions about the future.


March 25, 2011
Blog
The Shirtwaist Factory Fire: 100 Years Later
Paul Solman offers some photos and remembrances on the 100th anniversary of the Triangle Shirtwaist Fire.


March 25, 2011
Blog
100 Years After the Shirtwaist Factory Fire
Today marks the centennial of the Triangle Shirtwaist Fire that took 146 immigrants' lives in March of 1911.


March 25, 2011
Slide Show
The Triangle Shirtwaist Factory Fire
March 25, 2011 marks the 100th anniversary of the Triangle Shirtwaist Factory Fire, where 146 workers died. Some were consumed by flames; others jumped to their deaths from the eighth, ninth and tenth floors to avoid the fire. Note: some photos show images that some viewers may find disturbing.


March 24, 2011
Report
Many Americans Feel 'Stuck in a Rut' as Economy Improves, But Inequality Grows
As part of his continuing coverage of Making Sen$e of economic news, Paul Solman examines the struggles to close the widening U.S. inequality gap, even as the economy improves.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 24, 2011
Blog
Patchwork Nation: Census Raises Questions About Detroit's Future
For as long as anyone cares to remember, Detroit has been Michigan's center of gravity.


March 24, 2011
Blog
Income Inequality: Where Do You Fall?
Income inequality has changed over time: today the richest one percent of Americans hold about 24 percent of U.S. wealth. But almost a century ago in 1915, that same top percent had just 18 percent of the nation's wealth, according to Berkeley economist Emmanuel Saez in his report "Striking it Richer."


March 23, 2011
Blog
Judy Woodruff: Research, Health and the Spending Debate -- Part Two
If there is an army girding to do battle against government spending on medical research, that Army is laying low for now.


March 23, 2011
Blog
Detroit's Population Decline: 1 Person Departed Every 22 Minutes
Tuesday's release of the 2010 census data showed a dramatic decline in Detroit's population.

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March 23, 2011
Blog
The Effects of Oil Production Turmoil: What We Pay For At The Pump
What we see at the pump fluctuates mostly based on the price of crude oil, plus a time lag, but a handful of factors contribute to changing gas prices.


March 23, 2011
Blog
Detroit: A Boom Town Goes Bust
For almost a half century last century, Detroit was a boom town. Between 1910 and 1950, few cities grew faster or were wealthier. But for the past 60 years, the decline has been long and relatively slow -- until the year 2000. Micki Maynard of Changing Gears reflects on what new census figures tell us about Detroit.


March 23, 2011
Blog
The Effects of Production Turmoil: What We Pay For At The Pump
Ever wonder why a gallon of gas will cost $3.21 today, $3.12 yesterday and maybe $3.79 next week? Paul Solman investigates the the price of the gas at the pump and finds it fluctuates mainly with the price of crude oil, plus a time lag. But other factors are at play as well.


March 22, 2011
Analysis
How Will Consumers Fare in T-Mobile, AT&T Merger?
AT&T announced plans on Monday to buy wireless competitor T-Mobile for $39 billion. If approved, the sale would create the U.S.'s largest wireless carrier. Ray Suarez talks with Jeffrey Silva of Medley Global Advisors and Gigi Sohn of Public Knowledge about the merger's potential impact on consumers and the industry.

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March 22, 2011
Blog
Tool$ Tuesday: How the Government Spends Your Money
Just in time for tax season: a tax receipt calculator that shows you how the federal government spends your taxes.


March 22, 2011
Blog
Tool$ Tuesday: How the Government Spends Your Money
Just in time for tax season: a tax receipt calculator that shows you how the U.S. federal government spends your taxes. It's easy to use: just enter your federal tax amount for 2010 and press 'calculate receipt.' The tool then shows you, down to the penny, how much you spent on everything from defense to arts and culture.


March 21, 2011
Blog
AT&T to Buy T-Mobile: Duopoly in the Making or Basic Business Merger?
It's safe to say that AT&T's big move to buy T-Mobile for $39 billion took much of the tech world by surprise Monday -- and that seems to include Sprint, who had been in talks with T-Mobile recently.


March 21, 2011
Blog
Japanese Yen Reacts After the Earthquake: What Now?
Humans react dramatically to dramatic events. Makes sense. But it can cause collateral damage. Japanese investors quaked for an obvious reason: "We'll need yen immediately," they thought, "so we'd better sell off our foreign assets and stock up on the local currency."


March 18, 2011
Blog
Economic Forecasters: Crow or Eat Crow
One of the Business Desk's iron mottoes, courtesy of the towering John Kenneth Galbraith: "There are two kinds of economists; those who don't know the future and those who don't know they don't know." We feature the former.


March 18, 2011
Blog
Deflation: Inflation's Evil Twin
If an economy is shrinking, then why invest in the future? The game of capitalism works if there are new prizes to be won. Inflation is the product of exuberance- often irrational. But it gets you up in the morning. Deflation is the product of fear- also often irrational. But it's more likely to lure you back under the covers.


March 17, 2011
Report
Ireland's New Leader Wrestles With Lingering Debt Problems, EU Bailout
Margaret Warner reports on Ireland's debt woes and talks with new Prime Minister Enda Kenny about his country's struggle to revive a once-thriving economy.

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March 17, 2011
Blog
Shutdown Averted Again After Senate Spending Vote
The Senate passed another stopgap spending measure Thursday that will give congressional leaders and the White House another three weeks to work out a longer-term spending agreement.


March 17, 2011
Blog
Get to Know Tepco: Japan's Biggest Power Company
As Japan's nuclear crisis continues to unfold, you've probably heard mention of Tokyo Electric Power Company, the energy giant who operates the troubled Fukushima plant.


March 17, 2011
Blog
House Budget Chief Ryan: GOP Walking Into 'Political Trap' on Budget Reforms
Rep. Paul Ryan, R-Wis., on Thursday predicted a long partisan battle ahead on the federal budget deficit, accusing Democrats of ignoring the problem and stressing that it could be a defining issue in the 2012 elections.


March 17, 2011
Blog
Workers in China: 'Your iPhone Cost Us Our Health'
NewsHour correspondent Jeffrey Kaye speaks with Wintek employees.


March 16, 2011
Blog
Live Chat: Economic Inequality
Join Paul Solman and Dante Chinni at 3pm ET Thursday for a live chat on their recent report in income inequality in the U.S.


March 16, 2011
Blog
The Financial Blame Game: Who's At Fault?
With the suffering from the financial crisis falling mostly on masses of people who were not responsible for causing it, why has there not been a healthy postmortem and acceptance of responsibility before the victims are made to suffer more from spending cuts and the perpetrators pay nothing for bringing down the house?


March 16, 2011
Update
In Denver, Mobile Clinic for the Homeless Returns
Last year, the NewsHour profiled a mobile clinic for the homeless that was about to close due to budget cuts. Now, after months of searching for funding, the clinic is back on the streets.


March 15, 2011
Report
In Ohio, How 2 Counties' Economic Paths Diverged Over 30 Years
As part of his series on Making Sen$e of financial news, economics correspondent Paul Solman reports from two Ohio counties -- Crawford and Delaware -- that had similar incomes 30 years ago, but their economies and populations have since taken very different paths.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 15, 2011
Analysis
Will Japan's Crises Disrupt Global Economic Recovery?
Many of Japan's factories, a key component of the global supply line, have been crippled the earthquake or tsunami, or have ceased production due to rolling blackouts. Ray Suarez talks with The Economist's Greg Ip about the global economic impact of Japan's earthquake, tsunami and nuclear disasters.

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March 15, 2011
Blog
Divided House Passes Second Stopgap Budget
The House of Representatives approved another temporary spending measure Tuesday that will cut spending and keep the government operating for another three weeks, provided it also passes in the Senate.


March 15, 2011
Blog
Paul Solman and Dante Chinni Talk Economic Inequality in Ohio
Paul Solman and Dante Chinni recently traveled to two counties in Ohio - Crawford and Delaware. Thirty years ago they had similar average incomes but today, they've grown apart in wealth. In this web video exclusive, Paul and Dante discuss the two worlds they found.

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March 14, 2011
Blog
Income Inequality Gap Widens Among U.S. Communities Over 30 Years
In the debate about income inequality in America, many stories miss an important point: rising disparities are not just about investment bankers versus autoworkers. They're about entire communities of "winners" and "losers."


March 14, 2011
Blog
A Snapshot of Economic Inequality Across our 'Patchwork Nation'
Paul Solman and Dante Chinni of Patchwork Nation recently traveled to Ohio's Crawford and Delaware counties to examine economic inequality. In a preview of the upcoming story, which is slated to air on Tuesday's broadcast, we're cross-posting a piece Dante wrote about economic disparities at the community level .


March 11, 2011
Blog
What We're Reading: Economic Impact of the Earthquake and Tsunami in Japan
Paul Solman is traveling today but we here at Making Sen$e wanted to share a list of reports we've been following on the financial impact of the earthquake and tsunami in Japan. Though it's too soon to say what the ultimate economic effect will be, here's a sampling of what's been written on this so far.


March 11, 2011
Blog
In News Conference, Obama Addresses Disaster in Japan, Oil Prices, Libya
In a news conference Friday afternoon, President Obama called the earthquake and subsequent tsunami in Japan a "catastrophic disaster," adding that images of the aftermath have been "heartbreaking.


March 10, 2011
Blog
ProPublicas's Mortgage Mod Squad: HAMP'S a Flop
As you've probably heard by now either on our program or elsewhere, the administration's Home Affordable Modification Program (HAMP for short) has been a disappointment -- to put it generously. The program aimed to help 3 to 4 million homeowners avoid foreclosure by changing the terms of their loans to make payments affordable.


March 9, 2011
Blog
The Public Worker Battle, Cartoonified
With all the strife over public sector unions, including irate emails in response to our pension coverage on the program, we thought we'd lighten the mood today by sharing some recent political cartoons.

videoStreaming Video


March 8, 2011
Analysis
Banks, Retailers Clash Over Move to Cap Debit Card 'Swipe Fees'
Banks, retailers and lawmakers are preparing for a showdown over hidden "swipe fees" banks charge retailers when consumers make debit card purchases. Judy Woodruff talks with the American Bankers Association's Nessa Feddis and the National Retail Federation's Mallory Duncan about the battle over fees and the impact on consumers.

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March 8, 2011
Slide Show
The Public Worker Battle, Cartoonified
As debates rage in government halls across the U.S., political cartoonists have taken to skewering all sides -- and making points while they're at it. Here's a few of our favorites.


March 8, 2011
Blog
Republican Leader Hints at More Short-Term Spending Bills
Even as the Senate was preparing Tuesday to vote on two different proposals for funding the federal government until Sept. 30.


March 8, 2011
Blog
Conflict over Bangladeshi Micro-lender is 'Political', Some Say
A Bangladeshi court has upheld the removal of Nobel laureate Muhammad Yunus as head of the micro-lending Grameen Bank he founded, in a move his supporters are calling politically motivated.


March 8, 2011
Blog
Diabetes Data Reflect Health, Income and Socio-Economic Divides
Living a healthy lifestyle is not easy in the U.S.- keeping fit is can be tough in the land supersizes and never-ending pasta bowls. But the health problems aren't the same everywhere, and in a paper released Tuesday government researchers identified an area they call "the diabetes belt" with high incidences of the disease.


March 8, 2011
Blog
Tool$ Tuesday: Tips For Lessening the Pinch at the Pump
You may have noticed that gas prices are up rather dramatically, in tandem with the drama in the Middle East and North Africa.The fear of supply disruptions, sabotaged wells, turmoil in general, has driven up the price of oil. So for this Tool$ Tuesday, we've compiled a few tools to help you locate the cheapest gas in your area.


March 7, 2011
Analysis
Should U.S. Tap Strategic Reserves Amid Middle East Unrest, Rising Oil Prices?
The average U.S. gas price is up 14 cents a gallon over last week, due in part to unrest in Libya and elsewhere. Gwen Ifill discusses what factors shape oil prices and what the U.S. could do to help control supply and prices with Daniel Weiss of the Center for American Progress and "Oil on the Brain" author Lisa Margonelli.

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March 7, 2011
Blog
Further Thoughts on Friday's Job Numbers
Paul Solman continues his assessment of February's new jobs numbers and unemployment figures, and looks at a viewer's question of the supply and demand of drugs in the U.S.


March 4, 2011
Analysis
Shields, Brooks on U.S. Facing Tough Calls on Libya, Pension Woes
Columnists Mark Shields and David Brooks sort through the top political stories of the week. including the "civil war in the making" in Libya, the brewing pension problems across the United States and what's being done to avoid a government shutdown.

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March 4, 2011
Report
Public Pension Problems: a Tale of Two Cities in Rhode Island
As part of his continuing coverage of Making Sen$e of economic news, business correspondent Paul Solman visits two Rhode Island cities struggling to honor pension pledges to retired public workers.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 4, 2011
Analysis
Good News on Many Economic Fronts; Oil, Housing Still Threaten Recovery
A new report shows U.S. employers added 192,000 jobs in February and the jobless rate fell to 8.9 percent. Jeffrey Brown discusses the numbers and recovery prospects with former Labor Department Chief Economist Lisa Lynch and Nariman Behravesh, chief economist at IHS Global Insight, an economic and financial forecasting company.

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March 4, 2011
Blog
Rural Counties Are Losing Population and Aging, But Are They Really 'Dying?'
On the whole, rural counties are getting less populous and older. But are they really "dying" compared with the rest of the country? That depends on where you look and how you look at it.


March 4, 2011
Blog
February Unemployment Numbers: Good, But Don't Pop the Champagne
The unemployment numbers for February are in, and though economist Peter Morici advises, "Don't Break Out the Champagne Just Yet," the data are encouraging.

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March 4, 2011
Blog
Unemployment Rate Falls to 8.9 Percent, Employers Add 192k Jobs
Unemployment unexpectedly reached its lowest level since April 2009, dipping to 8.9 percent in February as employers added 192,000 jobs.


March 3, 2011
Analysis
AFL-CIO's Trumka: No American Should Face Choice Between Rights, Job
Judy Woodruff talks to Richard Trumka, president of the AFL-CIO, a voluntary federation of 57 U.S. and international labor unions. Many AFL-CIO members would be affected by pending state-level legislation that would cut collective-bargaining rights for public employees.

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March 3, 2011
Blog
Making Sen$e: 'Feelin' Lousy' - Financially Groovy In Song
EDITOR'S NOTE: Last month, we featured a week-long series of songs by our country crooning friend Merle Hazard about the Euro-debt crisis: Spain, Ireland, Italy and Germany, and an encore of the infamous Greek Debt song.

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March 3, 2011
Blog
Feelin' Lousy- Financially Groovy In Song
Last month, we featured a week-long series of songs by our country crooning friend Merle Hazard about the Euro-debt crisis. We invited you to submit your own lyrics about countries facing economic woe. The promised prize was a rendition of the winning song by Mr. Hazard himself.

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March 2, 2011
Blog
Obama's Foreclosure Program Slammed Anew for Ineffectiveness
Two years after it was launched with far more ambitious goals, the Obama administration's main program to prevent foreclosures came under fire in Congress Wednesday while the Treasury Department received a final barrage of criticism from the departing inspector general of the TARP program.


March 2, 2011
Blog
Pain at the Pump Across Patchwork Nation
As protesters march throughout the Middle East, forcing regime changes, they have set the oil markets into a panic.


March 2, 2011
Blog
Senate Approves Two-Week Spending Measure
On Wednesday the Senate passed a two-week, stopgap funding bill designed to avert a government shutdown by a 91-9 vote, one day after the House approved the measure 335-91 with support from most House Republicans and a majority of Democrats.


March 2, 2011
Blog
Making Sen$e: Earth to Paul- Wisconsin is Not Rhode Island!
Paul has spent the past few days responding to some of the many questions and comments we received regarding last week's broadcast story, "In Tiny Rhode Island, a Massive Public Pension Crisis Looms" and the Making Sen$e web piece, "Paying For Public Pensions.


March 2, 2011
Blog
Earth to Paul: Wisconsin is Not Rhode Island!
Paul has spent the past few days responding to some of the many questions and comments we received regarding last week's broadcast story, "In Tiny Rhode Island, a Massive Public Pension Crisis Looms" and the Making Sen$e web piece, "Paying For Public Pensions."


March 1, 2011
Report
News Wrap: Amid Biggest Protests, Yemeni President Accuses U.S. of Instigation
In other news Tuesday, Yemeni President Ali Abdullah Saleh accused the U.S. of directing unrest in his country from an operations room in Israel. A U.S. State Department spokesman denied the charge, and hundreds of thousands of Yemenis took to the streets for the largest day of protests. Protests also continued in Iran and Oman.

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March 1, 2011
Blog
House Approves Two-Week Spending Bill
The House took a major step toward averting a federal government shutdown Tuesday by passing a bill that would extend government funding until March 18, giving Congress two weeks to hammer out a compromise on a longer-term funding solution.


March 1, 2011
Blog
Tool$ Tuesday and How States Have Responded to the Pension Crunch
Paul Solman answers more public pension-related queries in today's post, and includes a link to Pew reports for what individual states have changed their pension programs since 2001 for Tool$ Tuesday.

FEBRUARY
Feb. 28, 2011
Blog
Save the Pensions: Tax the Rich
We received a number of responses from viewers like you regarding last week's broadcast story, "In Tiny Rhode Island, a Massive Public Pension Crisis Looms" and the Making Sen$e web piece, "Paying For Public Pensions." So, over the next few days, Paul will be answering some of the questions and notes we received.


Feb. 25, 2011
Blog
The Economics of a World Run Riot
Is there an economic explanation for the world running riot, especially in North Africa? Maybe, says investment advisor Ed Yardeni, an otherwise pretty consistently conservative economist. He cites distinguished Brandeis University, historian David Hackett Fischer and Fischer's 1996 book, "The Great Wave," as evidence.


Feb. 24, 2011
Report
In Tiny Rhode Island, a Massive Public Pension Crisis Looms
As part of his continuing coverage of Making Sen$e of economic news, Paul Solman examines how Rhode Island is one of many states looking to cut pensions for public employees in the face of massive budget deficits.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Feb. 24, 2011
Blog
Making Sen$e: Paying For Public Pensions
Editor's Note: As the fire over collective bargaining and public worker benefits burns across the country, on Thursday's broadcast we're looking at perhaps the issue behind it all: public pensions and how to pay for them.


Feb. 24, 2011
Blog
Paying For Public Pensions
As the fire over collective bargaining and public worker benefits burns across the country, on Thursday's broadcast we're looking at perhaps the issue behind it all: public pensions and how to pay for them.


Feb. 23, 2011
Blog
The Pain in Spain: How Hard Is the Rain Gonna Fall on the Plains?
The specter of Euro-debt default is again roiling the markets.


Feb. 22, 2011
Analysis
Showdown Over Bargaining Rights, State Budgets Spreads Beyond Wisconsin
Indiana lawmakers followed their Wisconsin counterparts' example by leaving the state to halt a bill that would curb the influence of labor unions. Gwen Ifill talks to reporters in New Jersey, Indiana and Ohio, where state budget deficits are going head-to-head with the collective bargaining rights of public employees.

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Feb. 22, 2011
Blog
Tool$ Tuesday: You Cut the Deficit
As the President and Congress wrestle over the particulars of a trimmed-down federal budget, the non-partisan Committee for a Responsible Federal Budget, funded by longtime budget nudge Pete Peterson, offers this tool for lowering the debt load -- all by yourself.


Feb. 22, 2011
Blog
Tool$ Tuesday: YOU Cut the Deficit
As the President and Congress wrestle over the particulars of a trimmed-down federal budget, the non-partisan Committee for a Responsible Federal Budget, funded by longtime budget nudge Pete Peterson, offers this tool for lowering the debt load -- all by yourself.


Feb. 22, 2011
Blog
Preview: Picturesque Guatemala Overwhelmed by Violence, Poverty
Senior correspondent Ray Suarez talks to Hari Sreenivasan about his reporting trip to Guatemela, where violence against women is systemic and widespread. The country is also hard hit with malnutrition and high rates of infant and maternal mortality.


Feb. 22, 2011
Blog
Stalemate Over Labor Rights Continues in Wisconsin
Wisconsin Gov. Scott Walker will directly address the residents of his state Tuesday about the "current fiscal year challenges, the divisions which have arisen over the past week and his positive vision for moving Wisconsin forward," according to his aides.


Feb. 21, 2011
Blog
What Do Wisconsin Protests Say About Organized Labor?
Paul Solman looks at how organized labor has evolved since World War II.


Feb. 18, 2011
Blog
High Tech and High Fashion as Obama Woos Silicon Valley Leaders
On President Obama's trip to Silicon Valley Friday, there were echoes of a debate raging around the country: how much should the government invest to help spur job growth vs. how much should it focus on austerity?


Feb. 18, 2011
Update
From Reeds to Roads: Bamboo Bikes in Ghana
The answer to building sturdy, light, sustainable bikes in Africa can be found in the nearby reeds.


Feb. 18, 2011
Blog
NIIP'ing International Investment Confusion in the Bud
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Feb. 17, 2011
Analysis
Senate Pair Risks Backlash Seeking Bipartisan Fix for Deficit, Debt Crisis
As debate continues over President Obama's budget proposal, Sens. Saxby Chambliss and Mark Warner discuss their bipartisan approach to addressing the debt crisis -- and the pitfalls they face in doing so.

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Feb. 17, 2011
Analysis
Wisconsin's Crowded Capitol: Collective-Bargaining Protest Grows
Amid the firestorm in Wisconsin over whether to scrap collective-bargaining rights for public employees, Ray Suarez speaks with Wisconsin Public Television Capitol reporter Adam Schrager, who has been covering the protests this week -- described as the largest in Madison since the 1960s.

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Feb. 17, 2011
Slide Show
In Wis., Thousands Protest Anti-Collective Bargaining Bill
Thousands of demonstrators have descended on Wisconsin's Capitol building this week to protest a bill that would strip state workers of their collective bargaining rights. On Thursday, Democratic lawmakers left the state in an attempt to stall voting on the bill proposed by Republican Gov. Scott Walker.


Feb. 17, 2011
Blog
Federal Spending, Visualized: 2012 Budget Proposal Edition
With the unveiling of President Obama's 2012 budget proposal this week, we're updating our post from last week about the many ways news organizations and graphic designers have visualized the federal budget.


Feb. 17, 2011
Blog
The Machine Breakers We Have Always With Us
Paul Solman has been responding in installments to a long and interesting e-mail from one Jean Maier. This portion of his reply relates to the U.S. jobs that are lost, not to outsourcing to foreign countries, rather to machines (or technology).


Feb. 16, 2011
Blog
Budgets and Continuing Resolutions: What's the Difference?
If you've been trying to keep track of Capitol Hill this week, you might be confused: Is the House considering President Obama's budget? How much is being cut from the budget? And what is a CR?


Feb. 16, 2011
Blog
Conversation: Borders Files for Bankruptcy
On Wednesday, the bookstore chain Borders filed for Chapter 11 reorganization after accumulating more than $1 billion in debt and failing to pay publishers that supply its inventory.

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Feb. 16, 2011
Blog
Merle Hazard and You: And the Winner is...
We have an update on our country-country lyric contest, inspired by the econo-crooner Merle Hazard. We asked you to submit financial crisis lyrics, and many of you did. We've selected a winner. Hazard is hard at work learning the lyrics and turning them into song. Stay tuned.


Feb. 15, 2011
Blog
How-To Economics: Irrational Assurance Tips for Valentine's Day, Part II
In our efforts to maximize your utility in this 'Material World' via behavioral economics, we're unilaterally extending Valentine's Day for 24 hours with a second video tip from Duke's Dan Ariely, who joined us on Making Sen$e as a regular just yesterday.

videoStreaming Video


Feb. 15, 2011
Blog
As Washington Eyes Budget Cuts, How Would Local Economies Be Affected?
With federal deficits mounting, the battle lines were quickly drawn on this year's federal budget proposal and what should be cut. But look around Patchwork Nation at the state of the economy and you understand just how difficult finding the cuts will be.


Feb. 15, 2011
Blog
How-To Economics: Irrational Assurance Tips for Valentine's Day, Part II
In our efforts to maximize your utility in this 'Material World' via behavioral economics, we're unilaterally extending Valentine's Day for 24 hours with a second video tip from Duke's Dan Ariely, who joined us on Making Sen$e as a regular just yesterday. You can follow Dan on his website as well as here. Highly recommended.


Feb. 14, 2011
Blog
How-To Economics: Irrational Assurance Tips for Valentine's Day
Our friend Dan Ariely, of behavioral psychology and economics fame, returns to Making Sen$e as a regular presence, starting today. Dan begins, appropriately, on Valentine's Day, with a short message of irrational reassurance.

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Feb. 11, 2011
Blog
Patchwork Nation: Foreclosures up in the 'Monied Burbs'
Foreclosure rates remained flat in the U.S. in January -- but ticked up in some wealthy suburban counties.


Feb. 11, 2011
Blog
Obama Administration Spells Out Endgame for Fannie, Freddie
In a long-awaited report, the Obama Administration unveiled a series of proposals today calling for the eventual end of the troubled and often-criticized mortgage financing giants, Fannie Mae and Freddie Mac.


Feb. 11, 2011
Blog
Introducing How-To Economics: Living in a Material World
Today, we inaugurate a new feature here on Making Sen$e: How-to Economics: Living in a Material World. And to explain the good works we're up to, I talked to Duke's Dan Ariely, who'll be one of our prime contributors.

videoStreaming Video


Feb. 11, 2011
Blog
Obama Administration Unveils Fannie, Freddie Proposals to Much Debate
More than two years after the housing bubble collapsed and the financial crisis struck, one debate that looms large in Washington is about to be re-ignited Friday: What can and should be done about the housing giants Fannie Mae and Freddie Mac?The debate has roiled continuously for years between Republicans and Democrats.


Feb. 10, 2011
Blog
Degrowth?!
The last post began to answer Jane Maier's epic email by discussing "heterodoxy" in economics. We also look at Monty Python's "Life of Brian."


Feb. 9, 2011
Blog
Egypt's Banks, Restaurants, Pyramids Open... But When Will Tourists Return?
Business owners near Cairo's Tahrir Square, where anti-government demonstrators have congregated for two weeks, and in the legendary bazaar and tourist haunt Khan el-Khalili are ready for life to return to normal, but continuing protests are dashing those hopes.


Feb. 9, 2011
Blog
Spending Battle Faces Major Hurdles in House
Congress has until March 4th to come to an agreement on how to continue to fund the government, and that job could be difficult, especially for House Republican leaders who have lost two of the past three bill votes on the House floor since Tuesday evening.


Feb. 9, 2011
Blog
Holy Email, Batwoman! Is Economics Stuck in the Mud?
Paul Solman answers a reader's questions about economic heterodoxy. He'll follow up with "degrowth," automation and NIIP in the next few posts.


Feb. 8, 2011
Analysis
Cities, States Face Tough Choices on Debt Amid Cash-Flow Concerns
Wall Street investors and some in Congress recently have raised concerns about the risk of cash-strapped municipalities defaulting on bonds they issued. Judy Woodruff talks to the National League of Cities' Chris Hoene and Richard Larkin of Herbert J. Sims and Company, an investment banking firm, about the risks of default.

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Feb. 8, 2011
Blog
Tool$ Tuesday: Currency Conversion and Haydn's Messiah
The site I like for converting currency values over time is measuringworth.com. It's an enormously handy tool for converting dollar figures from the past to the present. Especially interesting is the feature that allows you to compute worth seven different ways: from the CPI to share of GDP.


Feb. 8, 2011
Resource
Federal Spending, Visualized
In his State of the Union address, President Obama said that, "Because you deserve to know exactly how and where your tax dollars are being spent, you will be able to go to a website and get that information for the first time." Some graphic designers have already tried to find new ways to show what federal spending looks like.


Feb. 7, 2011
Analysis
Huffington, AOL CEO on Shared Vision for Online Content, Ads
In a bid to regain its foothold in online media, Internet giant AOL is purchasing The Huffington Post news blog for $315 million. Jeffrey Brown discusses the details of the buyout and the future of online content and advertising with AOL CEO Tim Armstrong and Arianna Huffington, editor-in-chief of The Huffington Post.

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Feb. 7, 2011
Analysis
Obama Urges Businesses to Ramp Up Private-Sector Hiring, Spending
President Obama told the U.S. Chamber of Commerce that he wanted the business community's help to tackle "burdensome" corporate taxes. Gwen Ifill speaks with Harold Meyerson, editor-at-large of the American Prospect, and Kentucky Chamber of Congress President David Adkisson about the politics and economics at play.

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Feb. 7, 2011
Blog
'A Big Pile of Cash' and Content: What's at Stake in Huffington Post Purchase
AOL Inc. announced Sunday night its plan to buy The Huffington Post for $315 million. On Monday's NewsHour, Jeffrey Brown will discuss the details of the deal with AOL CEO Tim Armstrong, and Arianna Huffington, co-founder and editor-in-chief of her namesake news site. We asked analysts for more about the impact of the deal.


Feb. 7, 2011
Blog
How Can My Family Protect Itself in Case of Total Economic Meltdown?
There's some probability of total economic meltdown. Unfortunately (or perhaps luckily), I don't happen to know what it is. That said, it's a fair question: Assuming a worst case scenario, how does your family protect itself?


Feb. 7, 2011
Blog
Obama Faces the Opposition in Speech to Chamber of Commerce
It will be a very short trip across Lafayette Park Monday morning as President Obama makes his way to speak at the U.S. Chamber of Commerce. But don't let the physical distance fool you.


Feb. 4, 2011
Analysis
What Clues Does 'Strange' Unemployment Report Hold?
January unemployment numbers sent mixed signals for economic recovery. The jobless rate dipped to 9 percent, but a survey of businesses found only a net gain of 36,000 jobs last month. Jeffrey Brown assesses those numbers with New York Times economic reporter David Leonhardt.

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Feb. 4, 2011
Blog
A Disjointed Jobs Report and U-7, Month Two
Today's unemployment data are a muddle.

videoStreaming Video


Feb. 4, 2011
Blog
A Disjointed Jobs Report and U-7, Month Two
Today's unemployment data are a muddle. The two surveys seem to say different things. Unemployment dropped to 9 percent, according to the household survey. Three cheers. But the payroll survey reports a mere 36,000 new jobs added in January, far below the consensus estimate or, for that matter, the expected growth in population.

videoStreaming Video


Feb. 4, 2011
Blog
Unemployment Dips in January, Australia Cleans Up from Cyclone
The unemployment rate fell by 0.4 percent from December, settling at 9 percent in January. According to the Bureau of Labor Statistics, 36,000 new jobs were added, the gains were the smallest in four months.


Feb. 3, 2011
Blog
AIG and Credit Default Swaps: A Clarification
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page.


Feb. 3, 2011
Blog
AIG and Credit Default Swaps: A Clarification
AIG was indeed in the credit default swap business. But it was typically insuring batches of loans against default. Thus if a portfolio of loans defaults because a percentage of them have gone into foreclosure, AIG is on the hook for the insurance it in effect wrote.


Feb. 3, 2011
Blog
President Obama's Push for Innovation Hits Happy Valley
The crisis in Egypt has largely sidelined President Obama's plan to sell his "Winning the Future" message delivered in his State of the Union address. Think back over the last week if you have seen President Obama doing anything other than deal with Egypt.


Feb. 2, 2011
Blog
One-Million Car March?
A warning to those expecting EVs to clog the roadways anytime soon, or even to meet President Obama's stated goal of one million by 2015.


Feb. 2, 2011
Blog
As Recession Lingers in Evangelical Epicenters, How Will Voters React?
By most standard measures -- gross domestic product, consumer spending and the like -- the United States is in the midst of a steady, albeit very slow economic recovery. But in the town of Nixa in the Ozarks of southwestern Missouri, the recession is very much alive.


Feb. 2, 2011
Blog
One-Million Car March?
A warning to those expecting EVs (electric vehicles) to clog the roadways anytime soon, or even to meet President Obama's stated goal of one million by 2015: it's not likely to happen, despite the fact that the U.S. has as many as a quarter of a billion gas-powered vehicles on the roads right now.


Feb. 1, 2011
Blog
Senators Introduce Spending 'Straightjacket'
A Republican and Democratic Senator introduced a bill Tuesday that would force Congress to make difficult long-term spending cuts by capping the amount of money the federal government could spend relative to the country's Gross Domestic Product.


Feb. 1, 2011
Blog
Brown Looks to Spend Political Capital on Fixing California's Budget Mess
Jerry Brown -- California's new Democratic governor -- is getting away with something that most politicians these days can only dream about. He has plunged into California's huge budgetary mess, proposing extensions of some tax increases and further slashing the budget. And he has lived -- even prospered -- to tell the tale.


Feb. 1, 2011
Blog
Tool$ Tuesday: What's Your Vehicle's Carbon 'Tire-print'?
Today's "Tool$ We Use" features three on the carbon emissions you generate by driving, with a bonus Global Warming video attached for your viewing discomfort. Electric cars are touted as green and cost efficient, but are they really that much cheaper and greener than regular old gas-guzzlers?

JANUARY
Jan. 31, 2011
Report
For Automakers, Better Batteries Crucial to Success of New Electric Cars
In the second of two reports on the future of electric cars, Paul Solman looks at efforts to make the vehicles more viable -- and financially successful for automakers -- by building better batteries and making them more aerodynamic. It's all part of his ongoing reporting on Making Sen$e of financial news.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 31, 2011
Blog
'Revenge of the Electric Car' Director Paine Discusses Renewed Optimism
Filmmaker Chris Paine achieved notoriety with his 2006 documentary, "Who Killed the Electric Car?" Now he's back -- with a more sanguine sequel, "The Revenge of the Electric Car.

videoStreaming Video


Jan. 30, 2011
Blog
How Funny is the Chevy Volt? A Skeptic Gives It a Going Over
As a preview to our Tool$ Tuesday feature (spoiler alert: we'll be looking at your car's carbon emissions), here's a truly surprising "review" of the Chevy Volt, the electric darling of the Detroit Auto Show earlier this month and the subject of a piece of ours last week and another airing this week on the NewsHour.


Jan. 28, 2011
Blog
One Year Later, Strong Sales for iPad as New Competitors Eye Market
The iPad's introduction last year changed the market for the tablet computer as earlier models never really took off. As the iPad turns 1, Hari Sreenivasan spoke with Washington Post technology writer Rob Pegoraro about the device's impact on tablet computing and how it is fighting off a host of new rivals.

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Jan. 28, 2011
Blog
From the Pain in Spain to Taxes in Naxos: Merle Hazard's Euro-Serenades
All this week we've featured Country-and-Western economist Merle Hazard, warbling his way through the European debt debacle. He started with the pain in Spain and moved on through Erin Go Broke to the tune of "Danny Boy," Capital is Mobile ala Giuseppe Verdi, and, yesterday, an Ode to Joylessness in Germany.


Jan. 28, 2011
Blog
Massive Protests Across Egypt, Economy Sees 4th Quarter Rise in GDP
Demonstrators in Cairo, Suez and Alexandria have continued their anti-government protests despite the government's warning of "decisive measures," the arrest of more than 1,000 people and the disabling of internet and mobile phone access.


Jan. 27, 2011
Blog
Financial Crisis Commission Does Strike Some Common Ground
If you listened to their respective press conferences Thursday and heard the sometimes bitter tones in their voices, you might have thought that the Republican and Democratic members of the Financial Crisis Inquiry Commission didn't agree at all on some of the root causes of the crisis. And that's just not the case.


Jan. 27, 2011
Analysis
Financial Crisis Commission Divided Over Causes, Culprits Behind Meltdown
A bipartisan commission charged with investigating the causes of the financial crisis released its findings Thursday, but the members' conclusions fell along party lines. Judy Woodruff speaks with the chairman, Phil Angelides, and Douglas Holtz-Eakin, who was part of the dissenting Republican minority.

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Jan. 27, 2011
Blog
Ode to Germany: Merle Hazard, Backed by Beethoven
Today's post introduces the fourth of country singer Merle Hazard's Euro-shanties, this one taking off on the Ode to Joy from Beethoven's 9th. Teutonic C&W. Merle (if not Beethoven) will do anything to educationally amuse. So will we.

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Jan. 26, 2011
Blog
Paul Solman on the Economics of the Union
What a relief: a SOTU address without the traditional partisan whack-a-mole standing ovations. "Date night's" civility - or, if you prefer, lack of passion - had the virtue of keeping Democrats and Republicans mostly in their seats.


Jan. 26, 2011
Blog
Looking for an Elusive Middle Ground on Government Spending
For all the comity on display at the State of the Union address, finding a political middle ground on the issue of government spending looks tough.


Jan. 26, 2011
Blog
The Hits Just Keep On Coming
By "hits," I mean Merle Hazard's Golden Newbie Euro-crisis Euro-tunes, as well as the Internet views that they've been garnering.Monday's post: The Pain in Spain Falls Plainly from Merle's Brain.Yesterday's: Erin Go Broke.And today, the world debut of the Joe Green classic, "Capital is Mobile."

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Jan. 25, 2011
Blog
Making Sen$e: Erin Go Broke
Today's post puts the economic woes of the Emerald Isle to music.


Jan. 25, 2011
Blog
Erin Go Broke
Today's post puts the economic woes of the Emerald Isle to music. The lyrics are Hazard's, though I confess to have taken crack at them myself and then, at some risk to my ego, sent both sets of lyrics to several eminent economists for a vote, mine lost in a unanimous decision.

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Jan. 25, 2011
Blog
President Obama to Offer 'Robust Agenda' in State of the Union
White House senior adviser Valerie Jarrett took to the morning shows Tuesday to preview President Obama's State of the Union address, saying that the president will be presenting "a robust agenda that lends itself to strong bipartisan support."


Jan. 24, 2011
Report
How Severe Is Europe's Intertwined Debt Crisis?
Economics correspondent Paul Solman reports on the ongoing fallout from Europe's debt crisis, which has led to political woes and bank bailouts among other problems. His update is park of his ongoing series on Making Sen$e of financial news.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 24, 2011
Blog
The Pain in Spain Falls Plainly from Merle's Brain
The first of this week's series of posts from the ever-melodic, ever-economic Merle Hazard debuts today: a ditty on the plight of Spain.

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Jan. 21, 2011
Analysis
Shields and Brooks on GOP's Repeal Effort, Obama's Overtures to Business, China
Syndicated columnist Mark Shields and New York Times columnist David Brooks sort through the week's top political news, including President Obama's outreach to big business and China's president, plus the Republican-led vote in the House to repeal last year's health reform law.

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Jan. 21, 2011
Analysis
Obama Presses for an Economy in 'Overdrive': Will Jobs Soon Follow?
President Obama on Friday named General Electric CEO Jeffrey Immelt to lead a panel on job creation and economic competitiveness. Jeffrey Brown discusses the White House's evolving relationship with big business with former Clinton labor secretary Robert Reich and John Makin of the American Enterprise Institute.

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Jan. 21, 2011
Blog
Merle Hazard Makes Sen$e: The Country Crooner Goes Global
Friday's post consists of a Web chat with the Elvis of economics, the Ferlin Husky of finance, the Charlie McCoy of micro, the Jimmy Dean of the dismal science -- star of the country-and-western macrocosm, investment adviser Jon Shayne who croons economics lessons under the nom de country, Merle Hazard.


Jan. 21, 2011
Blog
Saving History: South Korea's Preservation Dilemma
SEOUL, South Korea | Near Gwanghwamun Plaza, where statues of King Sejong and Adm. Yi Sun-sin regally stand, is a colorful pagoda under renovation, fenced-off in a corner and surrounded by high-rise office buildings.


Jan. 21, 2011
Blog
President Hu Visits Chicago, Iran Nuclear Talks Resume in Istanbul
Chinese President Hu Jintao is in Chicago on the second stop of his state visit to the United States, visiting a prep school and an exhibit on Chinese companies operating in the Midwest.


Jan. 21, 2011
Blog
President Obama Taps GE's Immelt to Head New Jobs Panel
President Obama has picked Jeffrey Immelt, chairman and CEO of General Electric, to head a new jobs panel.


Jan. 20, 2011
Analysis
Mayors Meet With Obama About Economic Crunch, Infrastructure Needs
Judy Woodruff talks to Oklahoma City Mayor Mick Cornett and Charlotte, N.C., Mayor Anthony Foxx about their meeting Thursday with President Obama and Vice President Biden, where they addressed how to cope with the economic crunch facing cities across the U.S.

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Jan. 20, 2011
Analysis
As China's Economy Grows, How Hard Should U.S. Push on Currency, Human Rights?
Continuing his U.S. visit, Chinese President Hu Jintao met with political and business leaders. Jeffrey Brown evaluates the final day of his visit and the impact on the business world with Myron Brilliant of the U.S. Chamber of Commerce, Thea Lee of the AFL-CIO and Yukon Huang of the Carnegie Endowment for International Peace.

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Jan. 20, 2011
Blog
Education and Health Targets for State Budget Cuts
Several governors throughout the country have announced their budget proposals for 2011.


Jan. 20, 2011
Blog
President Hu Touts 'Common Interests' in Remarks to Business Leaders
On the heels of a joint news conference with President Obama, a state dinner and meetings with congressional leaders, Chinese President Hu Jintao delivered remarks to American and Chinese business leaders on Thursday in Washington.


Jan. 20, 2011
Blog
Desolate Detroit: The Forsaken City
In its heyday, it boasted nearly two million people, the world's premier automobile industry, the world's most popular music , and perhaps the country's most prosperous black middle class.


Jan. 20, 2011
Blog
Desolate Detroit: The Forsaken City
In its heyday it boasted nearly two million people; the world's premier industry (autos); the world's most popular music (Motown); and perhaps the country's most prosperous black middle class.


Jan. 19, 2011
Analysis
In NBC-Comcast Merger, Concerns Linger Over Concentration of Media Power
Ray Suarez and Jessica Vascellaro of The Wall Street Journal examine the marriage of the nation's largest cable and Internet provider with one of the largest entertainment companies in a $30 billion deal approved by the Federal Communications Commission on Tuesday.

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Jan. 19, 2011
Report
GM, Detroit Pinning Hopes for Future on Chevy Volt
As part of his ongoing reporting on "Making Sen$e" of financial news, business correspondent Paul Solman travels to Detroit for an update on General Motors' electric car, the Chevy Volt, and examines how the company and the city are hoping it will usher in an economic revival.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 19, 2011
Analysis
Will U.S.-China Talks Reset Tone in a Competitive Relationship?
Jeffrey Brown examines the undertones of the meetings between Presidents Hu and Obama with Susan Shirk of the University of California's Institute on Global Conflict and Cooperation, George Washington University's David Shambaugh and Minxin Pei of Claremont McKenna College.

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Jan. 19, 2011
Report
Obama, Hu Talk Up Cooperation, But Big Differences Persist
President Barack Obama and Chinese President Hu Jintao vowed Wednesday to seek common ground while acknowledging that both nations are major competitors in the world market. Jeffrey Brown has more.

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Jan. 19, 2011
Blog
Obama, Hu Emphasize Cooperation
President Obama and Chinese President Hu Jintao answered reporters' questions in a news conference at the White House Wednesday after meeting with business leaders from both countries. Both presidents emphasized cooperation and the need for a positive relationship between the two powers.


Jan. 19, 2011
Blog
Philadelphia Among City Economies Riding Out the Highs and Lows
As 2011 dawns in Philadelphia, City Hall arguably finds itself in the best economic condition it has seen in years. After facing billion-dollar shortfalls, the city budget is reportedly on the path to being balanced this year -- perhaps even with a small surplus.


Jan. 19, 2011
Blog
Buzz Words in 2020 Will Be Same as in 18th Century. Economically-Speaking
I have two new grandchildren, ages 2 and 1. They are constantly outgrowing or wearing out their clothes. Happily, their parents can replace them at affordable cost because of low-price imports from China and beyond. That is the argument for free trade -- as it applies to our family, at least.


Jan. 18, 2011
Analysis
How Will Steve Jobs' Latest Hiatus Affect Apple, Tech World?
Apple co-founder Steve Jobs announced his third medical leave in the past decade, a year and a half after he returned following a liver transplant. Gwen Ifill talks with Troy Wolverton, who covers technology for the San Jose Mercury News, about why his latest departure could have such a significant impact on the business world.

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Jan. 18, 2011
Report
How Currency Choices 'Made in China' Have Big Impact on U.S. Economy
Economics correspondent Paul Solman looks at the ongoing dispute between the U.S. and China over currency and trade. Amid its trade deficit with China, the U.S. wants to pressure the Chinese to let their currency, the renminbi, rise in value instead of pegging it to the dollar.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 18, 2011
Report
News Wrap: Suicide Bombing Kills Dozens in Iraq, Unrest Continues in Tunisia
In other news Tuesday, a suicide bomber killed 52 and injured at least 150 outside a police-recruiting station in the northern Iraqi city of Tikrit. In Tunisia, protests continued in the country's capital as four ministers quit the newly formed unity government.

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Jan. 18, 2011
Blog
The Answer to the Exchange Rate Debate: Chinese Inflation
The Chinese currency debate has developed a new twist in recent months: Chinese inflation.


Jan. 17, 2011
Slide Show
Desolate Detroit- The Forsaken City
For a city that was once electrified by Motown, the auto industry and nearly two million people, much of Detroit has now been resigned to dereliction. While pockets of growth and refurbishment spring up across the city, more than 60,000 buildings -- over half of which were once homes -- are vacant, and many have been abandoned.


Jan. 17, 2011
Blog
Promises, Promises: The Public Pension Pinch
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page.


Jan. 17, 2011
Blog
Promises, Promises: The Public Pension Pinch
There is certainly a revolt of sorts against public employees and especially their pensions, pensions promised by government officials who figured they'd be long gone by the time the obligations came due. Look at California. Taxpayers, public pensioners, and creditors (bondholders) remain on a collision course.


Jan. 14, 2011
Blog
What Worries Economists in 2011: From Lower Housing Prices To a Crisis in Europe
This will not come as news to our Twitter followers , but we spent last weekend at the annual economics convention, held this year in Denver.


Jan. 14, 2011
Blog
What Worries Economists in 2011: From Lower Housing Prices To a Crisis in Europe
Paul Solman does his annual roundup of economists and academics. This year Paul asks: What has surprised you most, and what most worries you looking ahead?

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Jan. 13, 2011
Blog
More Than One Million Homes Foreclosed on in 2010
We've devoted a fair portion of our reporting over the past year to home ownership and foreclosure.


Jan. 11, 2011
Blog
What IF the Banking System Failed?
Paul Solman answers questions on the Business Desk.


Jan. 10, 2011
Blog
Brown on California Budget Cuts: 'Better to Take Our Medicine Now'
While the nation was transfixed by the tragedy in Tucson, California's new governor, Jerry Brown, announced Monday a plan that could dramatically alter the state's welfare, health care, education and other programs.


Jan. 7, 2011
Report
News Wrap: GOP Advances Attempt to Repeal Health Reform
In other news Friday, the new Republican majority in the House took a formal step in an attempt to repeal health care reform. Democrats fired back, saying millions of Americans will be hurt if the law is repealed. In Afghanistan, a suicide bomber killed 17 people in a bathhouse near the Pakistan border.

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Jan. 7, 2011
Analysis
Jobless Reading Holds Bright Spots, But Many Quit Searching
Employers added 103,000 new jobs in December and unemployment dropped to 9.4%, but the recovery fell short of forecasts. Judy Woodruff looks behind the numbers with Catherine Mann of Brandeis University and John Challenger, CEO of Challenger, Gray & Christmas, an outplacement firm.

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Jan. 7, 2011
Blog
December's Job Numbers: Do They Represent All Job Seekers?
Paul Solman writes about the latest jobs reading: "I was all set to label our monthly post on the unemployment data 'Hold Your Horses' or 'Not So Fast,' a warning not to overplay the apparently sizable drop in the unemployment rate from 9.8 percent to 9.4. But a scan of the world's headlines shows that I needn't have worried."


Jan. 7, 2011
Blog
Strategic Default: Immoral or Not?
Rounding out our series today, those of you considering strategic default might find particular encouragement from the web chat with law professor Brent White of the University of Arizona, who thinks it is both legally and morally okay.

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Jan. 7, 2011
Blog
Unemployment Rate Falls to 9.4%, U.S. Warns People Named in Cable Leaks
The Bureau of Labor Statistics announced Friday that unemployment had fallen by 0.


Jan. 6, 2011
Analysis
Oil Disaster Report Preview Spreads Blame, Offers Stark Warning
President Obama's commission on the Gulf of Mexico oil disaster has released a preview of its final report, warning that a similar disaster to the Deepwater Horizon rig blast could happen again if reforms aren't made. Ray Suarez speaks with Joel Achenbach of The Washington Post for more on the findings.

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FUNDED IN PART BY: National Science Foundation Rapid


Jan. 6, 2011
Blog
Who Do You Hurt When You Walk Away?
More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default.

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Jan. 5, 2011
Blog
Korea Dispatch: In South Korea, Business Trumps Threat of Conflict
If the business of Korea -- which has transformed itself from a war-torn agricultural backwater to one of the world's 20 largest economies and top 10 exporters in little more than 50 years -- is business, then the I-Park mall is its consumer epicenter. Or at least one of them. Margaret Warner reports from Seoul.


Jan. 5, 2011
Blog
Strategic Default: Right or Wrong?
We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford your mortgage payments, is it right to walk away?

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Jan. 5, 2011
Blog
Paul Solman As You've Never Seen Him Before
Paul gets even more animated than usual -- with a new crib, new specs, new accent -- to tell you about our latest story, So You Have a Liberal Arts Degree and Want a Job?


Jan. 4, 2011
Blog
Better Days Ahead in 2011? Measuring American Optimism in the New Year
Say this about Americans: they are nothing if not hopeful. While 2009 and 2010 may have brought economic trouble and pain, the mood among most Americans is surprisingly upbeat going into 2011, according to a December Pew poll. We break down the numbers by each of the 12 Patchwork Nation community types.


Jan. 4, 2011
Blog
A Mortgage-Backed Security Map: The Fantastic Fate of One Man's Loan
The complexities of getting or refinancing a mortgage: the broker you can or can't trust; the screening of your income and credit; the appraisal; the fear that rates will rise before approval; the title search; the paperwork at closing.


Jan. 3, 2011
Report
So You Have a Liberal Arts Degree and Expect a Job?
In a follow-up to his report last month on the unforgiving job market for recent college grads, Paul Solman looks at graduates who've already been out of school for several years and are still struggling to find employment in their areas of interest. It's part of his ongoing series of reports on Making Sen$e of financial news.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 3, 2011
Analysis
U.S. Faces 'Explosion of Senior Citizens': Will Baby Boomers Strain Economy?
In 2011 the first of 79 million Americans born between the end of World War II and the mid-1960s will turn 65, swelling the ranks of Medicare and Social Security recipients. Judy Woodruff looks at the implications with Nicholas Eberstadt of the American Enterprise Institute and Ted Fishman, author of "Shock of Gray."

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Jan. 3, 2011
Analysis
Goldman Sachs, Digital Sky 'Friend' Facebook With Big Investment
According to The New York Times, a new investment deal makes Facebook more valuable than eBay or Starbucks -- a new landmark for a site now used by half a billion people globally. Ray Suarez talks to Andrew Ross Sorkin, who cowrote the Times story, about what this latest valuation means for the social networking giant.

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Jan. 3, 2011
Analysis
New Governors Confront Daunting State Budget Woes
The New Year rings in the start of some new governors' terms -- and nearly all of them face budget shortfalls. Gwen Ifill discusses state budget woes with three public media reporters: John Myers of KQED Public Radio in California; Karen Kasler of Ohio Public Radio and Television; and Karen DeWitt of New York State Public Radio.

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Jan. 3, 2011
Blog
On Monday's NewsHour: State Budget Woes; Baby Boomers Turn 65
A look at the budget woes facing new governors, Baby Boomers begin turning 65, creating new challenges for Medicare and Social Security, and a big investment boosts Facebook.


Jan. 3, 2011
Blog
Happy New Year? Job Market Looking Up for College Grads?
A poor economy does not bode well for college grads trying to enter the job market. "The last couple of years have been a very, very tough time to be coming out of college," said Richard White in our second piece on malemployed grads, airing tonight on the NewsHour.


Jan. 3, 2011
Blog
Should You Swim Away From an Underwater Mortgage?
Your mortgage is underwater. Making the payments is both difficult and demoralizing. Is it ethical for you to walk away? As we've reported, there are arguments both ways.

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