Watch 9:09
How the decline of newspapers creates ‘news deserts’ around the country
Layoffs at established newspaper chains and digital upstarts alike reflect the difficulty of the news business. The closing of local newsrooms can create "news deserts," areas with limited access to news outlets. Judy Woodruff talks to Steve Cavendish, editor of…
Watch 5:54
Why GM’s mistaken bet led to major layoffs
General Motors has announced it is cutting its workforce by 14,000 employees, closing several plants in North America and eliminating at least five passenger car models. The corporate overhaul, which represents the company's biggest shakeup since it faced bankruptcy a…
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,”…
Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back…
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…
