Aug 19 Wholesale Inflation Rises, Home Construction Falls By Admin, PBS News Hour Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, while construction of homes and apartments fell to the lowest level in more than 17 years, the government reported Tuesday. Continue reading
Aug 15 Watch Struggling Economy Hitting America's Middle Class Hard In the second installment in a series of conversations about the struggling economy, Ray Suarez speaks with author Nan Mooney about what she found to be troubling America's middle class. She interviewed more than 100 people for latest book, "(Not)… Continue watching
Aug 14 Energy, Food Costs Push Consumer Prices up, Fueling Inflation Fears By Admin, PBS News Hour The Labor Department reported a 0.8 percent rise in consumer prices in July -- double the expected rate -- sending inflation on its fastest annual pace in 17 years. Continue reading
Aug 05 Fed Opts to Leave Key Interest Rate Unchanged By Admin, PBS News Hour The Federal Reserve decided Tuesday for a second consecutive meeting to keep a key interest rate at 2 percent, saying that overall the economy is doing well despite inflationary fears. Continue reading
Aug 05 Do you believe that some of the run up in oil prices is based on speculation in the commodoties markets? By Business Desk Question/Comment: Do you believe that some of the run up in oil prices is based on speculation in the commodities markets? My understanding is that the amount of funds et al. playing in oil futures has risen more than 70… 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 30 Watch On the Campaign Trail, Candidates Talk Energy Prices Sens. Barack Obama and John McCain each outlined their positions on the debate over allowing more off-shore drilling to ease energy prices and overall voter concerns on energy costs. 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 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
Jul 22 Wachovia Posts Surprising $8.9 Billion Loss By Admin, PBS News Hour Banking giant Wachovia Corp. reported a nearly $9 billion second-quarter loss Tuesday, surprising Wall Street analysts who had expected a smaller drop. The company plans to cut 6,350 jobs and slash dividends to offset the losses. Continue reading