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
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