Jul 05 Reporter's Notebook: One-on-One in Houston With BP's Bob Dudley By Ray Suarez Ever since our hour-long, live-streaming interview with BP executive Bob Dudley last week, which featured questions from the public submitted via YouTube and Google, people have been asking me questions about how the conversation unfolded and the… Continue reading
Jul 05 Across Patchwork Nation, Harsh Economic Realities Hit Home By Dante Chinni For those hoping for a quick economic turnaround, the last few weeks have been a cold splash of water in the face. A string of bad housing reports and bad unemployment news have even optimistic economic forecasters… Continue reading
Jul 05 Monday: BP's Costs Reach $3 Billion; Petraeus Takes Over in Afghanistan By Tom LeGro An oil spill cleanup crew works on July 4 in Pass Christian, Mississippi. Photo by Joe Raedle/Getty Images. BP's costs for the Gulf of Mexico oil spill disaster has reached just over $3 billion for capping the well, cleanup… Continue reading
Jul 02 Watch Alabama's Oiled Beach Towns Brace for Big Tourist Season Losses As the remnants of Hurricane Alex dissipated over Mexico, a bigger influx of crude from the churning waves washed onto Gulf shores. Correspondent Tom Bearden reports from Alabama, where beaches and nearby businesses now sit nearly empty. Continue watching
Jul 02 How Does Executive Pay in the U.S. Compare to the Rest of the World? Question: Executive pay around the world—who’s included in your numbers? How does USA executve pay vs. average employee/laborer/worker pay compare relative to the average relationship worldwide? Paul Solman: Well, here’s the US picture over… Continue reading
Jul 02 Gulf Shore a Tough Sell for Tourists Each night conga lines of beach cleaning machines are towed slowly over the sand from Orange Beach to Gulf Shores, Ala. Rotating steel screens separate out the tar balls and larger clumps of congealed crude oil that wash ashore during… Continue reading
Jul 02 Obama: Economy is 'Headed in the Right Direction' President Obama was guardedly optimistic in the face of disappointing jobs numbers Friday, saying in remarks that the U.S. economy was "headed in the right direction." But, he added, "We are not headed there fast enough for a lot… Continue reading
Jul 02 Friday: Unemployment at 9.5%, Payrolls Drop; U.S. Aid Workers Killed The unemployment rate fell to 9.5 percent from 9.7 percent, its lowest level in almost a year, the Labor Department said Friday. Payrolls declined by 125,000 in June, and private sector businesses added a net total of 83,000 workers,… Continue reading
Jul 02 Watch Jobs Report Shows Recovery May be Losing Steam June's jobs report showed a mixed picture of the economic recovery with unemployment falling to its lowest level in nearly a year, but with weak hiring in the private sector. Continue watching
Jul 02 Watch As Recovery Uncertainty Remains, Extending Jobless Benefits Debated As Democrats and Republicans in the Senate remain gridlocked on extending federal unemployment benefits, Jeffrey Brown gets two points of view from William Beach of the Heritage Foundation and Christine Owens of the National Employment Law Project. Continue watching