Feb 06 Employers Slash 598,000 Jobs in January By Admin, PBS News Hour U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession. Continue reading
Feb 04 Obama's Remarks on Executive Compensation By PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president's prepared remarks:… Continue reading
Jan 27 Obama to Push Stimulus Plan with GOP Lawmakers By Admin, PBS News Hour President Obama is making his first trip to Capitol Hill since his inauguration to push for broad bipartisan support of his $825 billion economic stimulus plan. Continue reading
Jan 26 U.S. Companies Slash More Than 45,000 Jobs By Admin, PBS News Hour More than 45,000 job cuts were announced by major U.S. companies Monday, part of a wave of global job cuts in response to dismal 2008 financial results. Continue reading
Jan 22 Microsoft Cuts 5,000 Jobs As New Unemployment Claims Rise By Admin, PBS News Hour In another sign of how bad the economy is getting for even the biggest companies, Microsoft Corp. announced Thursday that it is cutting 5,000 jobs over the next 18 months. Continue reading
Jan 09 Unemployment Rate Hits Highest Point in 16 Years By Admin, PBS News Hour 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. Continue reading
Dec 24 How Do Some Businesses Remain Prosperous While Others Fail? 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… Continue reading
Dec 24 In Case You Missed It: Innovative Program Uses Business Methods to Teach Job Skills By Business Desk 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. // <]> // ]]>… Continue reading
Dec 23 In Case You Missed It: Infrastructure Projects and Economic Growth 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. ]>… Continue reading
Dec 19 What Needs to Happen For the Recession to Be Short? 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?… Continue reading