Aug 01 Programs Aim to Break Cycles of Poverty in the South Through Home Ownership By PBS News Hour As near-daily reports of housing woes -- from lenders and homebuyers alike -- grip the United States, community-based programs around the country are continuing the slow work of trying to encourage responsible asset building for lower-income workers. Continue reading
Aug 01 FCC Rules Comcast Violated Internet Access Policy By PBS News Hour A divided Federal Communications Commission ruled Friday that Comcast Corp. violated federal policy when it blocked Internet traffic for some subscribers. The cable giant has been ordered to change the way it manages its network. Continue reading
Aug 01 As a graduating high-school student, I am concerned about the future. What can I expect to see in the next few years? Question/Comment: As a graduating high school student, I am concerned about what the future has in store. With the economy changing the way it is, what can I expect to see in the next few years? What would be the… Continue reading
Aug 01 U.S. Employers Cut 51,000 Jobs in July By Admin, PBS News Hour The U.S. unemployment rose to its highest level in four years in July as employers slashed 51,000 jobs, according to a Labor Department report released Friday. Continue reading
Jul 31 Why do some people refer to the current price of oil as a "bubble"? Question/Comment: Why do some people refer to the current price of oil as a "bubble" Paul Solman: Because the nature of bubbles is that they inflate, but inevitably pop. Those who refer to the "oil bubble" expect the price to… Continue reading
Jul 30 Watch Trade Talks Collapse Highlight Differences Between Developing, Developed Worlds Opposition from increasingly important China and India derailed efforts to negotiated a global trade deal Tuesday. With the talks stalled, two economic experts assess the impact on American and international businesses and farmers. Continue watching
Jul 29 Home Prices Slid 15.8% in May, Survey Finds By Admin, PBS News Hour Home prices slid by a steep 15.8 percent in 20 U.S. cities in May, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday, offering the latest evidence of continuing struggles in the nation's housing market. Continue reading
Jul 28 Watch FDIC Chief: Most Banks Will Survive Credit Crunch Poor lending and underwriting caused two more banks in the U.S. to close over the weekend, yet regulators and the Federal Deposit Insurance Corporation, or FDIC, are helping banks remain stable as the economy struggles. Sheila Bair,the chair of FDIC,… Continue watching
Jul 28 White House Announces Record Budget Deficit By PBS News Hour Whoever wins the presidency in November will be saddled with a record budget deficit of $482 billion, according to a Bush administration estimate released Monday. Continue reading
Jul 25 Foreclosures More than Double; Uptick Seen in Durable Goods By Admin, PBS News Hour U.S. homeowners lost 220,000 homes to foreclosure in the second quarter, according to a report issued Friday by RealtyTrac, Inc., a marketer of foreclosed homes. Continue reading