Aug 11 Pew Report: U.S. Broadband Adoption Slows, but Blacks Gain Ground The Pew Internet & American Life Project released its Home Broadband 2010 Report Wednesday, revealing a dramatic slowing of broadband adoption by Americans this year, but showing notable growth in use by blacks. Among the findings were statistics… Continue reading
Aug 11 Where the Stimulus Went and the Economic Headwind It Faces How much money does it take to restart a sputtering economy? That's the question the federal government has been trying to figure out for the last year and a half. In the past year-plus the American Reinvestment and Recovery… Continue reading
Aug 11 More from 99ers: How Long-term Unemployment Affects the Rest of the Economy Editor’s note: For the next few days, we’re sharing outtakes from our interviews with 99ers last week. Here’s the first — 99er Gregg Rosen and economist Douglas Holtz-Eakin discuss how long-term unemployment affects the rest of the economy: (Watch… Continue reading
Aug 11 Wednesday: BP Crews Wait Out Storm; Pakistani President Defends Trip Crews in the Gulf of Mexico drilling the final feet of a relief well intended to permanently plug BP's oil well will have to wait two to three days as a tropical depression passes over the site. Retired… Continue reading
Aug 11 Watch Wall Street Suffers Bad Day Over Fears of Stalling Recovery Major indexes on Wall Street gave back more than two percent of their value Wednesday over concerns about the strength of the U.S. economy. Gwen Ifill discusses the plunge and the Federal Reserve's acknowledgment that the recovery has slowed with… Continue watching
Aug 11 Watch Olives and Omens: Did Greek Cuisine Portend Economic Problems? In Greece, where a popular toast is drinking "to health and cash flow," one food writer sees parallels in between the country's crushing economic problems and its departure from its simple, humble culinary roots. Paul Solman reports. Continue watching
Aug 10 Fed Signals New Concerns on Economic Growth With Debt Move We started this day by saying markets, investors, economists and politicians were watching the Fed's actions Tuesday to see just how worried Chairman Ben Bernanke and his colleagues are about the state of a sluggish economy. The answer… Continue reading
Aug 10 '99ers' Story Elicits Viewer Reactions, Tales 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… Continue reading
Aug 10 Watch News Wrap: Economic Growth 'More Modest' Than Previous Projection In other news Tuesday, the Federal Reserve projected U.S. economic growth will be "more modest" than its June estimate. Continue watching
Aug 10 The Fed and a Sputtering Economy: What to Do Next? Updated 2:30 p.m. EST The Fed said Tuesday that it will buy some government debt in order to help push down long term rates on mortgages and spur recovery. The Fed says economic growth will be "more modest" than it… Continue reading