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By Admin, PBS NewsHour
A day after President-elect Barack Obama warned that the recession could "linger for years" unless Congress pumps money into the economy, a government report released Friday underscored the toll the downturn is having on workers and companies.
By Business Desk
Question/Comment: I hear plenty about businesses that are failing or have failed in the recent financial turmoil. I heard little about businesses that remain stable or even prosperous. What is making the difference between the two? Paul Solman: If you…
On Tuesday, Dec. 23, Paul Solman examined an innovative social entrepreneurship program that uses business methods to achieve social change for at-risk urban youth. You can find the transcript here. // <]> // ]]>…
On Monday’s NewsHour, Paul Solman examined whether big infrastructure projects, such as the one being considered by President-elect Barack Obama, are an effective way to create new jobs and stimulate the economy. ]>…
Question/Comment: I have heard guests on the NewsHour say that the recession will last into 2009 or 2010. What is it that is supposed to happen in this short time period that will result in happy days being here again?…
Question/Comment: I’m confused by the term “real economy.” Lots of people are using it, but no one has explained it that I can find. It’s something different than what Wikipedia defines as not the “virtual economy.” What’s going on?…
U.S. stocks enjoyed an upbeat opening Monday as investors reacted to President-elect Barack Obama's plan to launch an infrastructure spending package to boost job growth and news that a deal on bailing out Detroit's Big Three automakers may be near.
Paul Solman: Forgive me for not responding to questions for a few days, but among other things, I’ve been trying to analyze the results of poll posted here recently: How is the Economy Affecting Your Pocketbook? Click on “Comments”…
By PBS NewsHour
After skyrocketing in recent months, the number of newly laid-off U.S. workers seeking unemployment benefits jumped last week to the highest level since just after the Sept. 11, 2001, terrorist attacks.
In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come.
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