Jul 28 Would a Budget Surplus Bring Manufacturing Jobs Back to the U.S.? Question: As I understand it, deficit spending by the federal government lowers the value of the U.S. dollar, causing a rise in cost of raw materials. Manufacturers outsource production because rising raw material costs narrow profit margins. Outsourcing of manufacturing… Continue reading
Jul 28 House Democrats Stage Silent Protest Over Jobs in Senate Chamber Six House Democrats entered the Senate chamber Wednesday afternoon and took seats on the backbench of the Republican side of the aisle. Rep. Donna Edwards of Maryland, Danny Davis of Illinois, Gwen Moore of Wisconsin, Carolyn Kilpatrick of Michigan, Ed… Continue reading
Jul 28 The Morning Line: Taking Care of Small Business By Terence Burlij President Obama will meet with small business owners at the Tastee Sub Shop in Edison, N.J., this afternoon, hoping to put a human face on his effort to get the Senate to pass a small business jobs bill before… Continue reading
Jul 27 Coast Guard Photos of Newest Oil Leak By Travis Daub Earlier Tuesday, a barge collided with an abandoned oil well in Barataria Bay, La., just north of an area already hit by oil from the Deepwater Horizon leak. The 20-foot gusher of oil and natural gas is… Continue reading
Jul 27 Why do Companies "Stretch Out Their Payables?" Question: I saw the story on SRC Electrical. The loan increase paradox was a good lesson. However, let me ask this question of you. What sort of payment terms do they give their… Continue reading
Jul 27 Tuesday: BP's Hayward Exits as CEO as Company Reports $17B Loss By Maureen Hoch After days of speculation, BP made it official early Tuesday: embattled CEO Tony Hayward will step down from his post and be replaced by American Robert Dudley on Oct. 1. The news comes as the company, which is still… Continue reading
Jul 27 Watch Feinberg: Indirect Oil Claims Will Be Tougher to Resolve Kenneth Feinberg, who was chosen to administer the $20 billion fund established by BP to settle near-term oil disaster claims, faces both skepticism from Gulf Coast residents and a daunting task in deciding which direct and indirect claims to approve. Continue watching
Jul 27 Watch WikiLeaks Documents Go Public: Where Should Journalists Draw the Line? Some have questioned whether WikiLeaks and major news organizations publishing the secret documents compromised the safety of American lives. Judy Woodruff gets perspective from two journalists on what is considered when publishing sensitive information. Continue watching
Jul 27 Watch BP Finalizes Leadership Shakeup, Replacing Hayward With Dudley BP confirmed that Bob Dudley will take over as CEO of the embattled oil giant in October and announced a $17 billion loss in earnings, saying it paid out at least $32 billion for compensation and cleanup of the Gulf… Continue watching
Jul 27 Watch Risk Analyst: Oil Liability Tough to Tally, But BP Will Likely Survive Soon-to-be CEO of BP, Bob Dudley, is set to take over for Tony Hayward on Oct. 1. Gwen Ifill speaks with Holly Pattenden of Business Monitor International in London about the leadership switch, the company's liability in the oil disaster… Continue watching