Aug 16 Monday: Karzai Sets Exit Deadline for Contractors; Gulf Shrimp Season Opens Afghan President Hamid Karzai is setting a four-month deadline for private security companies to cease operations in the country, a government spokesman said Monday. The Associated Press reports that the Interior Ministry has 52 security firms licensed, but some… Continue reading
Aug 13 Watch Gulf Fishermen Debate Whether to Risk Selling Seafood Again No oil has leaked from the broken Gulf well since July, and the federal government is reopening some waters for fishing. But some fishermen are split over whether to start trawling the waters again when there may be a risk… Continue watching
Aug 13 More from 99ers: An Update on Gregg Rosen, and Why Some Companies Say They Still Can't Find Employees Paul Solman: The last few days, we’ve been running outtakes from last Friday’s long-term unemployment story, including two featuring pony-tailed 40-year-old former marketing manager and cell phone store owner Gregg Rosen. Today, a response from Mr. Rosen,… Continue reading
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