Sep 21 Obama Economic Team Turning Over as Larry Summers Departs By Murrey Jacobson It's official now: With the midterms fast approaching, President Obama's economic team is turning over. The latest departure: Larry Summers, the president's chief adviser on economic matters and director of the National Economic Council, who announced Tuesday afternoon that… Continue reading
Sep 21 Watch News Wrap: 10 NATO Troops Killed; Summers to Step Down In other news Tuesday, another 10 NATO troops were killed in Afghanistan. Also, Larry Summers announced plans to step down as chair of the National Economic Council. Continue watching
Sep 21 Paul Solman on Emotions of Job Loss and Foreclosure, Meaning Of 'The Hat' By Elizabeth Shell Hari Sreenivasan recently spoke with business and economics correspondent Paul Solman about the emotional responses people have had when interviewed about losing their homes, their jobs or both in the economic downturn. Also, "The Hat" makes a special appearance. Continue reading
Sep 21 Tuesday: 9 NATO Troops Killed in Afghanistan; Fed Meets on Economy File photo of a U.S. UH-60 Black Hawk military helicopter. Photo by Shah Marai/AFP/Getty Images. A NATO helicopter crashed Tuesday in southern Afghanistan, killing nine NATO troops. Some reports indicate that the soldiers were American. The cause of… Continue reading
Sep 20 Watch News Wrap: Recession Officially Over, But U.S. Economy Still Struggling According to the National Bureau of Economic Research, the U.S. recession ended in June 2009 and was the longest downturn since World War II. But President Obama and others made sure to acknowledge Americans' ongoing economic struggles. Continue watching
Sep 20 Paul Solman Chats With Hari Sreenivasan Hari Sreenivasan recently talked with Paul Solman about the emotional responses people have had when interviewed about losing their homes, their jobs or both in the economic downturn. Also, ‘The Hat’ makes a special appearance. ]>… Continue reading
Sep 20 Recession Was Longest in Modern Record, Report Reveals With an unemployment rate stuck well above 9 percent, it may not feel like an accurate diagnosis to many Americans, but economists say the longest recession since World War II finally ended in June 2009. At least that's the judgment… Continue reading
Sep 20 President Obama Issues Challenge to Tea Party Activists President Obama attempted to both empathize with the tea party movement and challenge its supporters in his most extensive comments to date about some of his most energized opposition. "I think America has a noble tradition of being healthily skeptical… Continue reading
Sep 20 How Will Foreclosures, Other Housing Problems Play Out in Midterms? After 2 1/2 years of economic trouble, it is hard to cite one singular reason voters are disgruntled going into fall. But one of the biggest culprits in the troubles is undoubtedly the housing market. So at Patchwork Nation, we… Continue reading
Sep 20 Oil Well Killed, But Legal and Environmental Battles Just Beginning The Development Driller III rig used to drill the relief well (Photo: Derick E. Hingle/Bloomberg via Getty Images) After a weekend of final sealing and testing, the federal government on Sunday declared the Macondo oil well officially dead. Continue reading