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
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