Jul 08 Watch Dismal Unemployment Report Suggests Recovery May Be Stalling The U.S. unemployment rate rose to 9.2 percent in June as employers added the fewest jobs in nine months. Jeffrey Brown discusses the grim jobs reading and the stubbornly high employment gap between black and white Americans with Pomona College's… Continue watching
Jul 08 Jobs: Dreary Data, a Desperate Viewer, a Pessimistic Professor By Paul Solman Goodness! U-7, our own measure of under-and unemployment, shot up to 18.6 percent Friday morning, a rise that gets us back near the number when we first inaugurated the Solman Scale last December. Friday morning's job numbers:… Continue reading
Jul 07 How an English Investor Dabbled in Cleveland Real Estate...and Got Burned By Paul Solman // Video edited by Elizabeth Shell. As a follow-up to Tuesday's story on abandoned housing demolition in Cleveland, we're posting a short video: A show-and-tell about one vacant property, it covers all the bases - from the… Continue reading
Jul 05 Watch Raze the Roof: Cleveland Levels Vacant Homes to Revive Neighborhoods Business correspondent Paul Solman reports from Cleveland on the economically troubled Ohio city's efforts to tear down thousands of empty foreclosed homes in hopes of putting eyesore and dangerous properties back to productive use -- perhaps as community gardens, new… Continue watching
Jul 05 Fannie Mae: What's Politics Got to Do With it? By Paul Solman // 'Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's… Continue reading
Jul 01 Joseph Stiglitz, Barney Frank Respond to 'Reckless Endangerment' Allegations By Paul Solman Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a… Continue reading
Jun 30 Watch White House Chief of Staff Daley: U.S. Default 'Will Not Happen' Daley: U.S. Default 'Will Not Happen'… Continue watching
Jun 30 Troubled By Our Pension Post? Here's Our Response By Paul Solman // Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query:… Continue reading
Jun 29 Watch News Wrap: Greece Endorses New Austerity Measures Amid More Rioting In other news Wednesday, lawmakers in Greece endorsed new austerity measures in the face of chaos in the streets of Athens. The package of $40 billion in spending cuts and tax hikes is designed to win a second bailout from… Continue watching
Jun 29 Watch Debt Battle Growing More Urgent, but GOP, Democrats Not Budging Yet At a White House news conference Wednesday, President Obama insisted that congressional leaders put everything on the table, including spending, benefits programs and tax increases, in order to reach a debt limit deal. Jeffrey Brown discusses ongoing negotiations with Sens. Continue watching