Jan 10 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. In office only a… Continue reading
Jan 10 Moral AND Ethical to Strategically Default? 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 both legally and morally okay. "It's interesting… Continue reading
Jan 07 Watch 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,… Continue watching
Jan 07 December's Job Numbers: Do They Represent All Job Seekers? By Paul Solman 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 official unemployment rate from 9.8 percent to 9.4. But… Continue reading
Jan 07 Today's Job Numbers 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 official unemployment rate from 9.8 percent to 9.4. But… Continue reading
Jan 07 Strategic Default: Immoral or Not? By Paul Solman 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. Continue reading
Jan 07 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 0.4 percent to 9.4 percent in December. Though employers added 103,000 jobs, the figures are lower than forecasted, indicating a a slower-than-expected recovery. Throughout 2010,… Continue reading
Jan 06 Who Do You Hurt When You Walk Away? By Paul Solman 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. "By walking away, not only do you… Continue reading
Jan 06 Who Do You Hurt When You Walk Away? By Elizabeth Shell 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. "By walking away, not only do you… Continue reading
Jan 05 Strategic Default: Right or Wrong? By Paul Solman 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… Continue reading