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
Jul 22 Is capitalism the best arangement under which greed will do the least harm? By Business Desk Question/Comment: Is this true?: The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system. (Milton Friedman) Paul Solman: Could be. But the… Continue reading
Jul 16 Consumer Prices Rise at Fastest Rate Since '82 By Admin, PBS News Hour The Labor Department reported Wednesday that consumer prices jumped 1.1 percent in June, marking the fastest rise in more than a quarter century and fueling further concerns over inflation levels in the jittery U.S. economy. Continue reading
Jul 15 Watch Obama Calls for U.S. Military to Renew Focus on Afghanistan In an interview with the NewsHour's Gwen Ifill, Sen. Barack Obama calls for the U.S. to dramatically scale down in military effort in Iraq and, instead, focus more forces on the deteriorating situation in Afghanistan. Continue watching
Jul 15 Watch Government Bailouts, Poor Growth Fuel Concerns Over Banking Sector Troubling economic reports and bleak forecasts from the nation's economic policymakers have fueled new concerns over the health of the economy and the stability of the nation's banks. Banking experts offer insight. Continue watching
Jul 15 Bernanke: Economy Faces 'Numerous Difficulties' By Admin, PBS News Hour Amid a flurry of government-backed steps to fortify the U.S. economy, Fed chief Ben Bernanke told lawmakers Tuesday the economy continues to face "numerous difficulties" including turbulent financial markets, rising unemployment and housing troubles. Continue reading