Aug 13 Allen: Well Not Yet Killed, BP Will Move Forward With Relief Well Updated 3:34 p.m. National Incident Commander Adm. Thad Allen said Friday that the blown-out oil well in the Gulf of Mexico is not yet dead, and that BP will proceed with a relief well to permanently kill it. Continue reading
Aug 13 Debate Over Reopening Gulf Fishing Grounds Falls Along Surprising Lines By Tom Bearden The state of Louisiana is about to reopen several state-controlled fishing grounds that were closed because of the Macondo oil well disaster. You'd think that fishermen would be thrilled with that idea. You'd be wrong. A couple of dozen… Continue reading
Aug 12 More from 99ers: Unemployment Leads to Foreclosure Paul Solman: Given today’s news that foreclosures jumped 9 percent in July, we’ve posted the last of our 99er interview outtakes, in which Faith Phillips tells a striking story: She’ll be paying off condo fees on her foreclosed house… Continue reading
Aug 12 More from 99ers: Unemployment Leads to Foreclosure By Paul Solman Updated 4:19 p.m. Given today's news that foreclosures jumped 9 percent in July, we've posted the last of our 99er interview outtakes, in which Faith Phillips tells a striking story: She'll be paying off condo fees on her foreclosed… Continue reading
Aug 12 More from 99ers: A Life's Savings Lost to Swindle For the next few days, we’re sharing outtakes from our interviews with 99ers last week. In this second video, 99er Gregg Rosen recounts how he lost his savings in Bernie Madoff’s Ponzi scheme just months after losing his job. (… Continue reading
Aug 12 Thursday: Foreclosures, Jobless Claims Increase; GM Earns $1.3 Billion Profit The number of U.S. homes lost to foreclosure rose in July, foreclosure listing firm RealtyTrac Inc. said Thursday. Lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from July 2009. California… Continue reading
Aug 12 Watch Chinese Capital: Good or Bad Influence in Greece? As part of his ongoing reports on Making Sense of financial news, business and economics correspondent Paul Solman examines the pros and cons of a massive infusion of Chinese capital into Greece. Continue watching
Aug 12 Watch Public Media Reporters Offer Read on Housing Market Across U.S. Foreclosures have gone up 9 percent since June, according to RealtyTrac Inc. But Marketplace's Jeff Horwich says despite the bleak numbers there are signs that foreclosure rates could ease up soon. Public media reporters assess the state of the housing… Continue watching
Aug 12 Watch With General Motors Back in Black, Interim CEO Steps Aside As General Motors announced a $1.3 billion quarterly profit Thursday, CEO Edward Whitacre announced he will step down on Sept. 1. Jim Lehrer talks to David Shepardson from The Detroit News and George Magliano of IHS Automotive about the company's… Continue watching
Aug 11 Making Sense: More From the '99ers' By Paul Solman There's been quite a bit of reaction to our story last Friday on the extension (or non-extension) of unemployment insurance benefits past 99 weeks. You can read some of it here in the comments section on the Making… Continue reading