Feb 05 Breaking Down the Latest Jobless Numbers A mixed message on the jobless front today: The overall unemployment rate fell from 10 percent to 9.7 percent. But the Labor Department also released revisions to some monthly data from last year showing the economy has shed far more… Continue reading
Feb 05 Toyota's President Apologizes to Customers for Recall Worries Toyota's* president apologized Friday for problems that have led to millions of recalled vehicles worldwide, tarnished the automaker's reputation for safety and put the company "in crisis." "I would like to take this opportunity to apologize from the bottom… Continue reading
Feb 05 Unemployment Rate Drops to 9.7%, but 2009 Was Worse Than Reported Employers cut 20,000 jobs in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to the Labor Department's monthly report on Friday. The jobless rate was 10 percent in November and December. The… Continue reading
Feb 05 What Is Needed to Spur Job Creation? By Carolyn O'Hara With the unemployment level still hovering near double digits, the PBS NewsHour asked a handful of economists and small business owners for their thoughts on the one thing Washington should do to jumpstart job creation. Continue reading
Feb 05 Watch Jobless Rate Drops, but Fuller Recovery Still Appears Distant The economy shed 20,000 jobs in January, but there were new hopes of economic growth as the nation's unemployment rate ticked down to 9.7 percent. Jim Lehrer speaks with a pair of experts about the latest numbers, as well as… Continue watching
Feb 05 Watch News Wrap: Toyota President Apologizes for Recall In other news Friday, Toyota's president Akio Toyoda apologized for the brake problems that triggered a worldwide recall, and at least 40 people are dead in Iraq from two bomb blasts targeting Shi-ite pilgrims. Continue watching
Feb 05 Watch Reagan Budget Chief Offers a 'Gunslinger' Defense of Obama's Bank Reforms With President Obama pushing a bipartisan deal on reforming banking regulations, Paul Solman talks with David Stockman, former Reagan budget chief and Wall Street "gunslinger," about the proposal to tax banks on their size and amount of risk. Continue watching
Feb 04 Karl Case's (Poetic) Reflections on the Housing Market We've been interviewing Wellesley economics professor Karl 'Chip' Case since the last housing crash here in Boston in the late '80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. He… Continue reading
Feb 04 Karl Case's (Poetic) Reflections on the Housing Market Paul Solman: We’ve been interviewing Wellesley economics professor Karl ‘Chip’ Case since the last housing crash here in Boston in the late ’80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. Continue reading
Feb 04 Bank of America Faces Fraud Charges New York's Attorney General Andrew Cuomo filed civil securities fraud charges Thursday against Bank of America*, its former CEO Ken Lewis, and former CFO Joe Price. The suit alleges that the bank and the two executives first misled… Continue reading