Dec 11 Watch House OKs Sweeping Wall Street Overhaul The House on Friday voted 223 to 202 in favor of the most far-reaching overhaul of financial regulation since the Great Depression in hopes of averting a repeat of last year's banking crisis. Kwame Holman reports. Continue watching
Dec 11 Patchwork Nation: Catching the Wind on Oregon's Central Coast Lincoln City, Ore., known as the "Kite Capital of the World," hosts three kite festivals every year. Continue reading
Dec 10 Geithner: Hasty Exit From TARP Could Prolong Downturn Testifying before an oversight panel for the Troubled Asset Relief Program Thursday, Treasury Secretary Tim Geithner said that the U.S. economy is much improved, but struggling against "headwinds" like high unemployment and foreclosure rates. As a result, he argued, the… Continue reading
Dec 10 Web-Exclusive Video: Is Retirement Good for You? By Business Desk Editor’s note: Tonight’s NewsHour features Paul’s Making Sen$e report on how older workers are struggling to find work in this tough job market, a segment we’ve previewed here on Making Sen$e. In a Web-exclusive video, Paul explores the debate over… Continue reading
Dec 10 Where Do Temp Workers Fit in the Latest Unemployment Figures? Paul Solman: Another Twitter question, this one from a Chicago actress who goes by the handle “alipoombayay” ‘could surge mean unemp ran out for lst yr`s laid off and they can finally temp wo losing benefits?’ She means the surge… Continue reading
Dec 10 Watch Economic Bust Strikes Colorado 'Boom Town' As part of the Patchwork Nation series, Ray Suarez travels to Eagle, Colo., where the real estate boom of earlier this decade has culminated in an especially painful bust. Continue watching
Dec 10 Patchwork Nation: In One Boom Town, 'Simple Supper' Offers Community Relief By Online DA As the recession has dragged on in Eagle, Colo., a church dinner has provided relief to dozens of local residents hard hit by the economy's slide. Continue reading
Dec 10 Watch Older Workers Face New Challenges in Tough Job Market In his continuing series of reports on Making Sense of the economy, Paul Solman looks at the challenges older workers face trying to secure a job, let alone retirement, amid the downturn. Continue watching
Dec 09 UK Imposes One-Time, 50% Tax on Banker Bonuses British bankers' bonuses will be a lot lighter this holiday season, thanks to a one-time, 50 percent tax imposed on bank bonuses, announced Wednesday by Britain's chancellor of the Exchequer, Alistair Darling. Bonuses greater than 25,000 British pounds (about… Continue reading