Jun 19 More than 400 Arrested in Mortgage Fraud Sting By Admin, PBS News Hour More than 400 real estate industry workers have been indicted since March in a Justice Department crackdown on incidents of mortgage fraud nationwide -- a key contributing factor to the country's housing crisis. Continue reading
Apr 04 Watch 80,000 Jobs Lost in March As Economy Continues To Slow The economy continued its slump in March, sloughing off 80,000 jobs. An economic consultant assesses the latest set of job numbers and what it indicates about the health of the U.S. economy. Continue watching
Mar 27 Economy's Growth Nearly Halted By End of 2007 By Admin, PBS News Hour New numbers released by the government Thursday highlighted the continued weak performance of the national economy, with the Commerce Department reporting an anemic 0.6 percent increase in the gross domestic product in the final three months of 2007. Continue reading
Mar 13 Watch From Lending Rules to Job Woes, Economic Tumult Persists Treasury Secretary Henry Paulson called for tougher rules for mortgages lenders Thursday, while investment fund Carlyle Capitol faced collapse after defaulting on $16 billion in debt as a string of new reports this week signaled continued weakness in the U.S. Continue watching
Mar 07 Watch U.S. Shed 63,000 Jobs, Spurring More Economic Fears Recently released economic statistics show the U.S. lost 63,000 jobs in February. An executive at a job placement firm and a former top-level Department of Labor official examine the factors behind these job-market losses and what lies ahead for the… Continue watching
Feb 20 Inflation Grew in Jan., Led by Food, Health Costs By PBS News Hour Inflation jumped by a bigger-than-expected amount in January, with large increases in the cost of food and health care, the government reported Wednesday. Continue reading
Jan 28 New Home Sales Drop by Record Amount By PBS News Hour New home sales plummeted last year by the largest amount on record while home prices fell sharply in December. Analysts foresee more trouble this year as the housing market tries to emerge from its worst slump in 20 years. Continue reading
Dec 26 Watch Journalists Reflect on Tumultuous Year for U.S. Economy After a report by Jeffrey Brown on the year in economic news, business writers from across the country reflect on how the ups and downs of the business world have impacted local communities. Continue watching
Dec 07 Watch U.S. Job Growth Held Steady in Nov., Labor Dept. Says The U.S. Labor Department announced Friday that both job growth and unemployment remained steady in the month of November, despite problems in the housing and credit markets. New York Times economy reporter David Leonhardt evaluates the new job numbers and… Continue watching
Nov 29 White House Lowers Economic Outlook for 2008 By Admin, PBS News Hour U.S. economic news hit a downbeat note Thursday as the White House lowered its outlook for 2008 and a mortgage research company announced that last month's foreclosure filings nearly doubled those in October 2006. Continue reading