Nov 06 Freelancers Lack Safety Net When Jobs Are Scarce By Business Desk Editor’s note: Tonight on the NewsHour, Paul explores the changing nature of work in a tough economy: Companies may be shedding jobs left and right, but they are increasingly looking for short-term employees to provide work they still need to… Continue reading
Nov 06 U.S. Jobless Rate Hits 10.2%, Highest in 26 Years U.S. unemployment rose more than expected to a 26-year high of 10.2 percent, shedding 190,000 jobs in October, according to figures released by the Department of Labor Friday. Continue reading
Nov 05 Watch Obama Expected to Sign Extended Unemployment Benefits, Homebuyer Credit The House voted overwhelmingly Thursday to extend aid to jobless workers and offer tax breaks to homebuyers. President Obama was expected to sign the measure on Friday. Ray Suarez reports. Continue watching
Nov 05 Watch Other News: Stocks Rally on Falling Jobless Claims In other news, falling weekly jobless claims contributed to a Wall Street rally, and there are new warning signs that the U.S. might be facing a shortage of the seasonal flu vaccine. Continue watching
Nov 05 Reinhart and Rogoff Answer Questions on the History of Financial Crises Editor’s note: Paul recently sat down with economists Kenneth Rogoff and Carmen Reinhart, authors of a new book chronicling an incredible eight centuries of financial crises around the world, This Time Is Different: Eight Centuries of Financial… Continue reading
Nov 05 Aid for Jobless, Homebuyers Clears Congress By Dave Gustafson Congress has passed legislation that would expand a popular homebuyer's tax credit and extend unemployment benefits in a bid to breathe more life into the struggling American economy. Continue reading
Nov 05 Student Questions: The Unemployment Outlook Editor’s note: This week and next, the Business Desk will feature questions from students in three high schools around the country. Question: Unemployment seems to be far worse than the government’s statistics show (currently just below 10 percent). Continue reading
Nov 05 Watch Hedge Fund World Rocked by Insider-trading Charges Judy Woodruff speaks with a Financial Times reporter about 14 people facing insider-trading charges for allegedly netting $20 million in illegal profits. Continue watching
Nov 04 Student Questions: Health Care and Education Editor’s note: This week and next, the Business Desk will feature questions from students in three high schools around the country. Question: If every other major economy in the world has universal health care why doesn’t the United… Continue reading
Nov 04 Christie's Art Sale Underwhelms Buyers In the first autumn auction held Tuesday evening at Christie's in New York, total sales fell short of pre-sale estimates -- only $65.6 million instead of $68.6 to $97.1 million -- making for a slow start to the U.S. art… Continue reading