Apr 29 Economy Shrank by 6.1% in First Quarter By Admin, PBS News Hour The Commerce Department released numbers Wednesday estimating the economy contracted during the first three months of the year at nearly the same rate as the final quarter of 2008, marking the third straight quarter of decline since the late 1950s. Continue reading
Apr 14 Obama Says Economy ‘Not Out of the Woods’ By Admin, PBS News Hour President Barack Obama renewed the case for his domestic and economic agenda on Tuesday, warning Americans eager for better news on the economy that "by no means are we out of the woods."… Continue reading
Apr 08 Watch High-tech India Contrasts With Rural Ways India has benefited from supplying other countries with outsourcing services from computer help to legal document analysis, while in other parts of the country poor farmers are struggling to make a living. NewsHour special correspondent Simon Marks reports on the… Continue watching
Mar 26 U.S. Economic Downturn Worsened at End of 2008 By Admin, PBS News Hour The U.S. economy contracted at its fastest pace since 1982 at the end of last year, and it likely isn't faring much better now, according to a Commerce Department report released Thursday. Continue reading
Mar 18 Watch Author Discusses Bankers’ Role in the Great Depression Author Liaquat Ahamed explores the role of bankers leading up to the Great Depression in his book, "Lords of Finance: The Bankers Who Broke the World."… Continue watching
Feb 27 Economy Shrank 6.2% at End of 2008, Fastest Since 1982 By Admin, PBS News Hour The U.S. economy contracted at a sharp 6.2 percent pace at the close of 2008, its worst showing since 1982, as exports plunged and consumers and businesses cut back spending. Continue reading
Jan 30 U.S. Economy Shrinks at Fastest Rate in 26 Years By Admin, PBS News Hour The U.S. economy shrank at its fastest rate in more than a quarter century between October and December, according to federal government data released Friday. Continue reading
Dec 29 Where Should I Spend My Hard Earned Money? Question/Comment: Ok, so being a good dog, I need to keep spending to help the economy. What are some of the best things to spend my hard earned, devalued money on? Paul Solman: That’s a very interesting question and not… Continue reading
Dec 24 Consumer Spending, Durables Goods Orders Drop as Jobless Claims Rise By PBS News Hour The Commerce Department reported Wednesday that consumer spending fell for a fifth straight month in November, and Americans' incomes dropped as well, partially reflecting massive job layoffs. Continue reading
Dec 23 Sagging Home Sales, GDP Highlight Dour Economic Reports By PBS News Hour Despite an uptick in consumer confidence in December due to declining prices, most of Tuesday's economic news was gloomy, led by a shrinking economy and falling corporate profits and home sales. Continue reading