Sep 20 Watch News Wrap: Recession Officially Over, But U.S. Economy Still Struggling According to the National Bureau of Economic Research, the U.S. recession ended in June 2009 and was the longest downturn since World War II. But President Obama and others made sure to acknowledge Americans' ongoing economic struggles. Continue watching
Sep 20 Paul Solman Chats With Hari Sreenivasan Hari Sreenivasan recently talked with Paul Solman about the emotional responses people have had when interviewed about losing their homes, their jobs or both in the economic downturn. Also, ‘The Hat’ makes a special appearance. ]>… Continue reading
Sep 20 Recession Was Longest in Modern Record, Report Reveals With an unemployment rate stuck well above 9 percent, it may not feel like an accurate diagnosis to many Americans, but economists say the longest recession since World War II finally ended in June 2009. At least that's the judgment… Continue reading
Sep 20 President Obama Issues Challenge to Tea Party Activists President Obama attempted to both empathize with the tea party movement and challenge its supporters in his most extensive comments to date about some of his most energized opposition. "I think America has a noble tradition of being healthily skeptical… Continue reading
Sep 20 How Will Foreclosures, Other Housing Problems Play Out in Midterms? After 2 1/2 years of economic trouble, it is hard to cite one singular reason voters are disgruntled going into fall. But one of the biggest culprits in the troubles is undoubtedly the housing market. So at Patchwork Nation, we… Continue reading
Sep 20 Oil Well Killed, But Legal and Environmental Battles Just Beginning The Development Driller III rig used to drill the relief well (Photo: Derick E. Hingle/Bloomberg via Getty Images) After a weekend of final sealing and testing, the federal government on Sunday declared the Macondo oil well officially dead. Continue reading
Sep 17 Watch News Wrap: United, Continental Closer to Creating World's Biggest Airline In other news Friday, Wall Street ended the week in positive territory, and shareholders of United and Continental airlines voted to merge as part of a $3 billion stock swap deal that could be finalized within two weeks. Continue watching
Sep 17 Watch Warren Spells Out Mission for New Consumer Watchdog Agency President Obama named Harvard law professor Elizabeth Warren to head a new consumer financial protection agency, but the nomination does not require Senate confirmation -- a move that irked some. Judy Woodruff speaks with banking consultant Bert Ely and UCLA… Continue watching
Sep 17 Sizing Up Wall Street Critic Elizabeth Warren as Your Consumer Advocate By Paul Solman Today, Elizabeth Warren was put into de facto control of the Consumer Financial Protection Bureau she helped conceive. Opposition from America's banks was the widely reported reason she wasn't formally nominated to run it. One might wonder that the U.S. Continue reading
Sep 17 Sizing Up Wall Street Critic Elizabeth Warren as Your Consumer Advocate Paul Solman: Today, Elizabeth Warren was put into de facto control of the Consumer Financial Protection Bureau she helped conceive. Opposition from America’s banks was the widely reported reason she wasn’t formally nominated to run it. One might wonder that… Continue reading