Jul 15 Yellen signals Fed will continue to boost economy By Martin Crutsinger, Associated Press In delivering an economic report to Congress, Yellen says the Fed's future actions will depend on how the economy performs. She says if labor market conditions continue to improve more quickly than anticipated, the Fed could raise its key short-term… Continue reading
Jul 13 Scrapping by: How much metal would it take to make minimum wage? By Connie Kargbo Although illegal scrapping typically makes the headlines, there are also legal ways to scrap for a living. NewsHour wondered: How much metal would a scrapper need to collect to make the minimum wage?… Continue reading
Jun 22 Watch Small businesses increasingly turn to online lenders when banks bail By PBS News Hour Since the financial crisis, small business lending by banks has declined substantially according to federal data. The value of loans of less than $100k is down by more than 18 percent since 2008. But while banks have pulled back, new… Continue watching
May 28 DEA allows Kentucky farmers to sow hemp seeds By Dave Sloan After a week-long legal battle with the Drug Enforcement Agency, Kentucky farmers and researchers will be able to sow the first imported hemp seeds. Continue reading
May 16 GM fined $35 million for ignition switch defects By Joshua Barajas May 16, 12:50 p.m. EDT | Updated General Motors will pay a $35 million civil penalty for its failure to report a ignition switch defect in 2.6 million Chevrolet Cobalts and other small cars, the Department of Transportation announced… Continue reading
May 09 Postal Service reports $1.9 billion loss in first quarter of 2014 By Pauline Jelinek, Associated Press WASHINGTON -- The U.S. Postal Service reported a $1.9 billion loss for the first three months of this year and pleaded again Friday for reforms to its troubled financial system. The agency said the loss for the quarter that ended… Continue reading
May 09 Obama angers labor groups by promoting Wal-Mart's solar projects By Jim Kuhnhenn, Associated Press SAN JOSE, Calif. -- President Barack Obama is showcasing Wal-Mart, often a target of labor groups and other Democratic constituencies, to promote advances in energy efficiency in his broader campaign to confront climate change. Obama on Friday was to announce… Continue reading
May 04 Watch Small businesses left in lurch when local banks collapse By PBS News Hour Did the federal government do enough to protect small businesses after the banks they relied on collapsed during the 2008 financial crisis? Correspondent Rick Karr investigates what the FDIC did with the assets it took over. Continue watching
Apr 30 Fed reduces monetary stimulus for fifth month in a row By Simone Pathe At the end of their two-day policy meeting, the Federal Reserve’s Open Market Committee decided Wednesday to reduce monthly asset purchases by $10 billion to $45 billion beginning in May. Despite disappointing growth figures out Wednesday, the committee… Continue reading
Apr 24 Money, the root of all infections By Ruth Tam Don’t accept anyone’s dirty money. Not because it’s wrong, but because it’s loaded with germs. Continue reading