Watch 2:28
News Wrap: Turkey releasing inmates to make room for coup arrests
In our news wrap Wednesday, Turkey announced plans to release nearly 40,000 prison inmates to clear space for a similar number detained over last month’s coup attempt. Depending on their remaining sentences, prisoners may qualify for early release, although the…
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News Wrap: Obama warns Putin of further sanctions
In our news wrap Thursday, President Obama advised Russian President Vladimir Putin to avoid further sanctions, a day after new measures to punish Moscow’s support of Ukrainian rebels. Putin said the sanctions will push U.S.-Russia relations to a “dead end,”…
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Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back
Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back…
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Political Firestorm Flares As Looming Budget Cuts Include Defense Reductions
Political Firestorm Flares As Looming Budget Cuts Include Defense Reductions…
Question: Economic reports routinely compare current unemployment statistics against historical unemployment statistics. However, I haven’t seen any discussion of the significant increase in the number of household members who are employed or looking for employment and its impact on such…
The U.S. economy sank at a pace of just 1 percent in the second quarter of the year, the Commerce Department reported Friday, in a better-than-expected showing that the recession could be winding down.
Question: Obama and Geithner said they would act aggressively to fix the economy. So, why hasn’t the administration limited the number of employees that profitable companies may lay off? That could help significantly by keeping the unemployment rate down, partially…
Embattled automaker Chrysler wants to shutter about 25 percent of its 3,200 U.S. dealerships by next month, stating in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.
The pace of layoffs slowed in April as employers cut 539,000 jobs, the fewest in six months, according to a Labor Department report released Friday. But the unemployment rate climbed to 8.9 percent, the highest since late 1983.
