Apr 06 Where Does Money Go When It’s Taken Out of the Stock Market? Question: As the Dow continues to fall, I keep wondering where the money is going. Obviously, money is being pulled out of the stock market, even though we all are still buying and using products, and companies are still functioning. Continue reading
Apr 03 Watch Amid Downturn, Communities Sacrifice to Avoid Layoffs Though the jobless rate continues to rise, workers across the country are making sacrifices to avoid more layoffs and "share the pain" of the economic slump. NewsHour business correspondent Paul Solman reports. Continue watching
Apr 03 Watch Jobless Rate Climbed to 8.5 Percent in March The latest report from the Labor Department showed the unemployment rate climbed to 8.5 percent in March. Christine Owens, executive director of the National Employment Law Project, offers insight on the numbers. Continue watching
Apr 03 How Are You Sharing the Pain at Work During This Economic Downturn? The economic downturn has left few industries untouched, and companies across the country are resorting to drastic cutbacks in jobs and spending. But many organizations are also encouraging workers to “share the pain” of the downturn — by accepting lower… Continue reading
Apr 03 The Share Economy at Work The U.S. economy has lost millions of jobs over the past year. And in order to avoid further layoffs, many organizations are asking employees to make painful sacrifices – wage cuts, fewer benefits, and unpaid leave. We’ll explore this in… Continue reading
Apr 03 Unemployment Climbs to 8.5% in March By Admin, PBS News Hour The nation's unemployment rate climbed to 8.5 percent in March, marking its highest level since 1983, as employers slashed a net total of 663,000 jobs, according to government figures released Friday. Continue reading
Apr 02 Watch Change in Mark-to-Market Rules Could Have Big Impact on Banks’ Balance Sheets A key accounting standard was changed Thursday to allow banks more flexibility in mark-to-market rules, which help establish the value of assets. Analysts explain what impact this change in these rules could have for banks. Continue watching
Apr 02 Watch Despite Adding Hours and Jobs, More Workers Unable to Sustain Themselves In his latest coverage about people hit hard by the economic downturn, NewsHour correspondent Spencer Michels reports from Antioch, Calif., about the growing numbers of people who, despite taking on more hours at work or second jobs, are unable to… Continue watching
Apr 02 Watch Other News: Jobless Claims Rise; FDA May be Allowed to Regulate Tobacco Products The Labor Department reported another increase in new jobless claim benefits, and the House voted to give the Food and Drug Administration authority to regulate tobacco products for the first time. Continue watching
Apr 02 Watch G20 Leaders Pledge New Aid, Tighter Financial Controls G20 leaders pledged aid to struggling countries and new controls on the financial system at the conclusion of their economic summit. Margaret Warner reports from London. Continue watching