Aug 10 Tuesday: Federal Reserve Meets, Weighs Options; Afghan Civilian Deaths Rising As the Federal Open Market Committee meets Tuesday to decide on interest rate and monetary policy, U.S. investors will be waiting for possible action by Fed Chairman Ben Bernanke, who most believe is thinking of ways to jumpstart the economy. Continue reading
Aug 09 What Part Did Olympics Expenses Play in Greece's Financial Crisis? Question: I may have missed it, but what part did the expense of the Olympics play in Greece’s financial crisis? I realize that there were many benefits including infrastructure, but it all had to be paid somehow. Paul Solman: It’s… Continue reading
Aug 09 Internet Policy Experts React to Google/Verizon Regulation Proposal Google and Verizon released a joint set of principles for Internet regulation Monday that would enshrine some aspects of net neutrality principles in law, but would largely exempt the wireless Internet from regulation. We asked advocates and opponents of… Continue reading
Aug 09 Property Taxes Emerge as Latest Front in Housing Crisis By Lee Banville MISSOULA, Mont. | Foreclosures make headlines. They are a big focus of the media's attention as the troubled economy continues to dominate the news. But even where banks aren't taking over properties, the collapse of the real estate market is… Continue reading
Aug 09 Monday: Drilling to Resume on Oil Relief Well; Aid Group to Stay in Afghanistan After Killings Retired Coast Guard Adm. Thad Allen said Monday that cement forced down the top of BP's blown-out well last week has hardened enough so that workers can begin drilling the final 100 feet of the relief well and seal… Continue reading
Aug 06 Target's Foray Into Politics Met With Protest From MoveOn.org By Quinn Bowman Liberal advocacy group MoveOn.org delivered a direct message to Target Corp. Friday: stop spending money on political campaigns. MoveOn.org delivered a petition with 260,000 signatures to company headquarters in Minneapolis demanding that it stop influencing campaigns. Watch video from… Continue reading
Aug 06 The '99ers' Share Their Stories By Paul Solman Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there will… Continue reading
Aug 06 Russia Wheat Export Ban Pushes Prices Near 2-Year High By Talea Miller Wheat prices retreated slightly but held near a two-year high Friday in reaction to a Russian announcement banning grain exports through the end of the year due to severe drought and wildfires. "We need to prevent a rise in domestic… Continue reading
Aug 06 Jobs Report Brings More Bad News for the Unemployed Heading into Friday morning, no one was expecting much good news from the July jobs report. Unfortunately, the picture it provided of the jobs market is even worse than many expected. Payrolls shrank by more than projected. Roughly 130,000… Continue reading
Aug 06 The '99ers' Share Their Stories Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there will… Continue reading