Aug 20 Obama in 2010: Just What Is His Base? By Dante Chinni When Barack Obama won the White House, a running theme among the press was how tactically smart the Obama team was in everything from their use of the Web to their ability to see the long-term and not sweat the… Continue reading
Aug 19 A 'Rational Optimist' on the Evolution of Prosperity By Business Desk Editor’s Note: Tonight on the NewsHour, Paul Solman talks to Matt Ridley — best-selling author, zoologist and one-time bank chairman. The “rational optimist” makes the case — rare in these days of economic unease — that life on… Continue reading
Aug 19 Watch News Wrap: Weekly Jobless Claims Highest Since November In other news Thursday, the Labor Department announced jobless claims rose to 500,000 last week. On Wall Street, there were disappointing numbers as well. Continue watching
Aug 19 Gulf Relief Well Completion Delayed to Mid-September The government and BP have pushed back to mid-September the completion of a relief well that will permanently kill the blown-out oil well in the Gulf of Mexico, Coast Guard Adm. Thad Allen said Thursday. The delay will give engineers… Continue reading
Aug 19 Which Eggs Are Suspected of Salmonella? Updated 3:18 p.m. EDT, Aug. 20 | Another Iowa farm is recalling eggs due to the potential to be contaminated with salmonella. Hillandale Farms said that it was recalling its eggs after lab tests confirmed illnesses associated with them. Continue reading
Aug 19 Thursday: Combat Troops Leaving Iraq; Jobless Claims Reach 500,000 Seven years and five months after the start of the war in Iraq, the last American combat troops have been making their way out of the country. Troops from the 4th Stryker Brigade, 2nd Infantry Division, moved across the… Continue reading
Aug 19 Watch Author Says Modern Life is Good Despite Recession Author Matt Ridley says life is getting better and better despite the recession. Paul Solman reports on Ridley's optimism as part of his ongoing reporting on Making Sense of financial news. Continue watching
Aug 18 Will Layoffs Cause a Double-dip Recession? Question: Paul, companies have been reporting large profits on sluggish revenue growth. The profits are from cost cutting efforts by managers who have accomplished this by reducing labor costs. Could the managers of companies be the cause of a double… Continue reading
Aug 18 A Second Look at Strategic Mortgage Defaulters By Paul Solman In anticipation of Tuesday's rerun of our report on strategic mortgage defaults, producer Lee Koromvokis checked back in with the characters we interviewed back in April for the story. _pap_embed_custom('news01n3e69qe80',482,304,""); Fort Myers restaurant manager Josh Bartlett is still… Continue reading
Aug 18 Wednesday: Aid to Pakistan Falls Short; BP to Begin Transferring Claims Pakistanis walk in the flooded area of Shah Jamal on Wednesday. Photo by Banaras Khan/AFP/Getty Images. The picture of devestation from the floods in Pakistan continues to worsen Wednesday. The European Union said it will spend an extra… Continue reading