Apr 07 Watch Idea of paying citizens a yearly stipend is gaining support in Switzerland By PBS News Hour In Switzerland, an idea to guarantee every citizen a yearly income of 30,000 Swiss francs, regardless of other wealth or employment, has gained enough supporters to trigger a referendum. Economics correspondent Paul Solman reports that the idea is gaining some… Continue watching
Apr 07 Senate votes to extend jobless benefits for long-term unemployed By David Espo, Associated Press Updated | 6:21 p.m. EDT: WASHINGTON -- On Wednesday, the Senate voted, 59-38, to extend jobless benefits for the long-term unemployed that expired late last year. Capping a three-month struggle, the approval sends the legislation to a hostile reception… Continue reading
Apr 07 Will a guaranteed income ever come to America? By Felix Oberholzer-Gee With far more economic inequality than Switzerland, why is the U.S. so much less tolerant of wealth redistribution?… Continue reading
Apr 07 Survey: Roughly 3.5 million gained coverage under the new health law By Ricardo Alonso-Zaldivar, Associated Press Released Monday, the Gallup-Healthways Well-Being Index measured the share of adults without health insurance. That shrank from 17.1 percent at the end of last year to 15.6 percent for the first three months of 2014. Continue reading
Apr 06 Watch What’s the quality of the jobs gained in March? By PBS News Hour NewsHour takes another look tonight at the latest unemployment report. Bloomberg senior economist Nela Richardson speaks with Hari Sreenivasan about whether the the jobs counted as recovered are of the same quality as those lost in the Great Recession. Richardson… Continue watching
Apr 04 Watch ‘Flash Boys’ investigates how high-frequency traders anticipate Wall Street’s next move faster By PBS News Hour Much of the stock market trading that occurs today is done with computer servers, completing hundreds of millions of orders in a system known as high-frequency trading. Author Michael Lewis has made this practice the subject of his latest book,… Continue watching
Apr 04 Watch 9:38 March jobs report offers bright spot, but long-term unemployment continues stubborn streak By PBS News Hour The Labor Department’s reported boost of 192,000 jobs in March marks a milestone in the economic recovery: all of the private sector jobs lost in the recession have been regained. Economics correspondent Paul Solman offers a closer analysis of the… Continue watching
Apr 04 Boeing set to sell spare plane parts to Iran, Reuters reports By Sam Lane Airplane manufacturing giant Boeing received a license this week from the US government to send spare parts to Iran for commercial aircraft. Continue reading
Apr 04 Lawmakers propose another pay freeze on congressional salaries By Chelsea Coatney With a scheduled pay increase on the horizon, members of the House of Representatives have proposed another freeze on congressional salaries. The automatic cost-of-living bump would have raised lawmakers’ salaries by 1.6 percent, totaling an additional $2,800… Continue reading
Apr 04 Part-timers are the dark side of the bright jobs numbers By Paul Solman The economy added a healthy 192,000 jobs in March, but what's worrisome, Paul Solman explains, is the rise in the number of people working part time because they couldn't find a full-time job. Continue reading