Jun 17 BP Begins 'Flaring' Oil in the Gulf By Chris Amico BP has started flaring, or burning, some of the oil it siphons out of the ruptured Deepwater Horizon well in the Gulf of Mexico, the company reported this week. Energy giant BP PLC said it had burned 52,500 gallons… Continue reading
Jun 17 Do Federal Statistics Mask the True Unemployment Rate? Question: You are already in depression territory, not approachment. The statistic from the BLS is one of the reasons the economic crisis went undetected for so long — an economic indicator that is deceptive. Continue reading
Jun 17 Blueprint America: Dubuque's Move From Gambling to Green Lab The Blueprint America series on infrastructure -- a collaboration with WNET -- has taken us to several places around the country over the last several months: Chicago, San Francisco, and Detroit to name a few. On Thursday's… Continue reading
Jun 17 Thursday: BP CEO to Appear Before Congress; Israel Eases Access to Gaza BP CEO Tony Hayward and other company executives leave the White House following Wednesday's meeting with President Barack Obama. Photo by Win McNamee/Getty Images. A day after meeting with President Obama at the White House and agreeing to… Continue reading
Jun 17 Watch Spending Cuts Across Europe Draw Backlash In the face of fears over growing debt, several European countries have announced major spending cuts amid widespread opposition from the public. Jeffrey Brown speaks with an economist and a reporter about Europe's debt crisis and its financial future. Continue watching
Jun 17 Watch News Wrap: Coal Mine Explosion Killls At Least 16 in Colombia In other news Thursday, rescue workers searched for dozens of workers underground after an explosion rocked the San Fernando Mine in Amaga, Colombia, killing 16. Also, European Union leaders adopted new sanctions against Iran and its nuclear program. Continue watching
Jun 16 Amid Calls for New Fuel Sources, Wind Energy Proves to Be Complex Endeavor By Maureen Hoch One of the things President Obama called for Tuesday night in his address to the nation on the Gulf oil crisis was an end to the country's addiction to fossil fuels. On Wednesday's NewsHour, we have a report… Continue reading
Jun 16 Does Studying Economics Make You Republican? Paul Solman: There’s a fascinating post up on the New York Times economics blog that touches on a question explored first, as far as I know, by the great Cornell economist Robert Frank with collaborators Tom Gilovich and Dennis Regan. Continue reading
Jun 16 BP, Obama Agree on $20 Billion Fund for Oil Leak Claims By News Desk President Obama and BP agreed Wednesday on a $20 billion fund to compensate victims of the oil leak damaging the Gulf Coast's environment and economies. BP Chairman Carl-Henric Svanberg apologized to Americans for the worst spill in U.S. history… Continue reading
Jun 16 Is Gulf Disaster a Political Problem for Obama? Yes, But Not Everywhere By Dante Chinni Somewhere in the 50-plus days that raw crude has been spewing from a hole in the floor of the ocean, the Gulf oil spill became a political problem for the White House. But the problems for the president aren't the… Continue reading