Dec 05 U.S. Employers Slash 533,000 Jobs; Unemployment Rate Jumps to 6.7% By Admin, PBS News Hour U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday. Continue reading
Dec 03 The Whole World is Drowning, How Long Before Somebody Turns Off the Faucet? Question/Comment: Yesterday I saw a TV ad for mortgages to people with no credit history, job or social security number. The whole world is drowning, how long before somebody turns off the faucet? Paul Solman: There’s got to be a… Continue reading
Dec 02 Are These Economic Problems Caused By Too Many People on Earth? Question/Comment: Is the final answer to all these economic problems the fact that there are now too many people on Earth? For example, how can U.S. labor make any money when Chinese workers will work for a nickel an hour?… Continue reading
Dec 01 Stocks Pummeled as Recession Becomes Official By Admin, PBS News Hour A group of academic economists confirmed on Monday suspicions that the troubled U.S. economy is in a recession, saying the economic downturn began in December 2007. Continue reading
Dec 01 Should We Raise the Price of Gas and Use the Extra to Fund the Big Three Bailout? Question/Comment: There was an article in the New York Times suggesting we peg gas prices at $3.50 and use the income to fund the Big Three bailout and future alternative energy research. This would also keep the pressure on to… Continue reading
Nov 28 Watch Obama Tasked With Vetting Economic Policy Team’s Competing Ideas Analysts Mark Shields and David Brooks examine President-elect Barack Obama's new economic team and the challenges he may face in evaluating their views on the financial crisis. Continue watching
Nov 28 Watch Retailers Look to Holiday Season for Needed Sales Boost Amid the shopping frenzy of "Black Friday" -- the traditional after-Thanksgiving kick off to the holiday shopping season -- retailers are looking to holiday sales to boost their sagging balance books. Jeffrey Brown talks to analysts about how the retail… Continue watching
Nov 28 Watch Obama’s Win Stirs Cautious Optimism in Britain President-elect Barack Obama's election victory has prompted both excitement and reflection among Britons. Margaret Warner reports on the impact of Mr. Obama's win on Britain's relationship with the U.S. and on British expectations for Mr. Obama's leadership. Continue watching
Nov 26 Watch London Shopkeepers Struggle to Stay in Business Amid Economic Troubles Britain's famous shops are reeling from troubles in the country's banking sector and hoping that a new stimulus plan will provide a much-needed boost. Margaret Warner reports from London on how businesses are coping with the crisis. Continue watching
Nov 26 Watch Obama’s Economic Strategy Begins to Emerge as Team Takes Shape In an attempt to combat the economic crisis, President-elect Barack Obama has appointed key members of his economic team, including former Fed Chair Paul Volcker, to lead an economic advisory panel. Two financial writers assess his team and financial recovery… Continue watching