Aug 08 Watch Krugman: Second Great Depression Unlikely, But a 'Lesser Depression' Is Will Latest Market, Credit Woes Add Up to a 'Global Recession'?… Continue watching
Aug 08 Dow Closes Down 600 Points in Worst Day Since 2008 Photo by Getty Images. Updated 8:16 p.m. ET | Stocks plummeted Monday in their worst showing since 2008, sending the Dow below 11,000 and rattling investor confidence in the latest hit to the U.S. economy. The dive follows Friday's… Continue reading
Aug 08 Watch Political Checklist: Credit Downgrade Fallout and the GOP in Iowa David Chalian and Judy Woodruff discuss the political fallout from the S&P downgrade… Continue watching
Aug 05 Watch Latest Jobs News Promising, But Markets Ask: What Will Revive Economy? New job numbers out Friday offered a glimmer of hope after a bad week for the economy ended with another volatile day on Wall Street. Jeffrey Brown discusses what the latest developments could mean for the U.S. economy with Lisa… Continue watching
Aug 05 With 117,00 New Jobs in July, a Slight Improvement in the Solman Unemployment Scale By Paul Solman "Employment Report Damned with Faint Praise: It Could Have Been Worse." Thus does Nigel Gault, Chief U.S. Economist of IHS Global Insight, sum up the consensus view of Friday's unemployment numbers. Jobs added in July; upward revision for June. Even… Continue reading
Aug 05 July Job Numbers by the Solman Scale By News Desk The Labor Department reported Friday that hiring increased in July and the unemployment rate dipped to 9.1 percent. Below you'll find our Solman Scale jobs graphic, a different way to examine the larger picture of unemployment though a series… Continue reading
Aug 04 Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge On Thursday's NewsHour, Jeffrey Brown interviews New York City Mayor Michael Bloomberg about his new plan to tackle the disadvantages facing young black and Latino men in schooling and jobs. Brown also asked Bloomberg about Thursday's market sell-off… Continue reading
Aug 04 Watch Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge New York City Mayor Michael Bloomberg reacted to the latest market drop. Continue watching
Aug 04 Watch Market Plunge Startles Investors, But Fed 'Out of Ammo' Amid Double-Dip Fears Wall Street finished its worst day since the financial crisis began in 2008 Thursday as the Dow Jones industrial average fell more than 500 points. Judy Woodruff discusses investors' concerns about a possible double-dip recession with Hugh Johnson of Hugh… Continue watching
Aug 04 On Dow's Worst Day Since 2008, Running for Cover By Paul Solman A trader bows his head on the floor of the New York Stock Exchange after the closing bell Thursday; photo by Mario Tama/Getty Images. Just back from lunch, at which Brandeis classicists Ann Olga Koloski-Ostrow and Cheryl Walker schooled me… Continue reading