Nov 26 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… Continue watching
Aug 17 Watch 2:28 News Wrap: Turkey releasing inmates to make room for coup arrests By PBS News Hour 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… Continue watching
Jul 17 Watch News Wrap: Obama warns Putin of further sanctions By PBS News Hour 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,”… Continue watching
Dec 05 Watch 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… Continue watching
Aug 03 Watch Political Firestorm Flares As Looming Budget Cuts Include Defense Reductions Political Firestorm Flares As Looming Budget Cuts Include Defense Reductions… Continue watching
Sep 04 How Do We Compare Unemployment Across Decades If More People in a Household Are Working Now? 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… Continue reading
Jul 31 U.S. Economy Shrinks Less Than Expected By Dave Gustafson 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. Continue reading
Jun 12 Could the Government Limit the Number of Layoffs a Profitable Company Could Make? By Business Desk 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… Continue reading
May 14 Chrysler Looks to Slim Down Dealership Network By PBS News Hour 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. Continue reading
May 08 Jobs Reports Shows Layoff Pace Slowed in April By PBS News Hour 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. Continue reading