Feb 06 Watch Gloomy Job Numbers Signal New Woes for Economy U.S. employers cut 598,000 jobs in January, bringing the unemployment rate to 7.6 percent, in another sign of the deepening recession. It was the worst one-month job loss since 1974. Continue watching
Feb 06 Economic Crisis May Take Toll on Health Services in Developing Nations By Admin, PBS News Hour As the global economic crisis continues to unfold, concern is growing over maintaining funding for health services in developing countries that rely on foreign aid to provide necessary treatments. Continue reading
Feb 06 Employers Slash 598,000 Jobs in January By Admin, PBS News Hour U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession. Continue reading
Feb 06 Toyota Forecasts $5 Billion Fiscal Year Loss By PBS News Hour The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs. Continue reading
Feb 06 Does it Make Economic Sense for Homeowners to Immediately Pay Off Their Mortgage? Question/Comment: Given that U.S. banks appear to need cash to stabilize themselves and begin extending credit, would it not make economic sense for homeowners with mortgages to pay off the balance of their loans as soon as possible if not… Continue reading
Feb 05 Watch Other News: Jobless Claims Rise; Ginsburg Hospitalized Jobless claims rose and Supreme Court Justice Ruth Bader Ginsburg underwent surgery after a diagnosis of pancreatic cancer. Jim Lehrer reports on these and other news developments of the day. Continue watching
Feb 05 How Can City, County and State Governments Become Fiscally Sound Again? Question/Comment: Allowing for the current reduction in home valuations and thus reduced property tax revenues generated to local governments in general, what combination of revenue(s) would most likely restore city, county and state governments to fiscal solvency? I understand the… Continue reading
Feb 05 Negotiations Continue on Senate Stimulus Plan By Admin, PBS News Hour President Barack Obama urged lawmakers to act quickly on his economic stimulus package Thursday, telling reporters that the time for talk on the proposal is over and "the time for action is now."… Continue reading
Feb 05 Why Do We Encourage Mergers of Large Companies? Question/Comment: We live in a time of unparalleled economic crisis; a time when failure of a large company such as GM or a large financial institution could have catastrophic effects throughout the county and beyond. Why does our government allow… Continue reading
Feb 04 Watch SEC Slammed During Madoff Hearing for Ignoring Alleged Ponzi Scheme Lawmakers and a whistle-blower blasted the Securities and Exchange Commission during Congressional hearings into the case of Bernard Madoff, a Wall Street investor accused of massive fraud. Kwame Holman reports. Continue watching