Aug 03 Why Do Cars Have Fuel Doors on Different Sides? Editor’s Note: Robert Frank, author of The Economic Naturalist’s Field Guide: Common Sense Principles for Troubled Times, recently guest-blogged for several weeks here at the Business Desk with answers to some of life’s economic ironies: why brides… Continue reading
Jul 10 Timeline: Big Three Automakers' Recent Troubles By PBS News Hour Review some of the key developments and coverage of the auto industry's troubles over the past year in this timeline. Continue reading
Jun 27 Barcalounger Closure Marks Continued Manufacturing Decline in Edgecombe County By Rob Holliday, UNC-TV This is a tough week for the people of Edgecombe County, about 80 minutes east of Raleigh. Friday, June 26th, is the last day of operations for the Barcalounger factory in Rocky Mount. Continue reading
May 18 How Does Cutting Dealers Save the Automakers Money? Question: I keep hearing that GM has to shed brands and cut dealerships, but I don’t understand it. Is the logic simply that GM makes too many distinct carlines to be profitable given its total sales volume? Economies of… Continue reading
Feb 11 Watch Detroit Program Aims to Provide Job Training, Hope in Tough Times Eleanor Josaitis co-founded the Detroit program Focus: Hope more than three decades ago to provide job training and other opportunities to the city's residents. With the U.S. mired in a recession and the auto industry future uncertain, her group is… Continue watching
Jan 30 Watch Global Trade Freezes Amid Economic Downturn Economics correspondent Paul Solman returns to the trade hub of Long Beach, Calif., to check on how the import and export business has been impacted by the global economic crisis. Continue watching
Jan 07 Watch Unrest Spreads in China as Economy Worsens Chinese leaders are facing new pressures amid fears that a national social crisis is looming, brought on by millions of job losses and a surge in public protests. Nick Paton Walsh of Independent Television News reports. Continue watching
Nov 07 U.S. Unemployment Surges to 6.5 Percent in October By Admin, PBS News Hour Fueled by an economic downturn, the U.S. economy lost 240,000 jobs in October, the Labor Department said Friday. The numbers helped push the employment rate to 6.5 percent, its highest level in 14 years. Continue reading
Nov 06 Watch As U.S. Fiscal Woes Persist, Lawmakers Pledge More Aid The U.S. economy continued to falter as markets sank sharply Thursday for the second consecutive day. A chief investment officer and a journalist discuss congressional plans to craft a stimulus package later this month and weigh efforts by lawmakers to… Continue watching
Oct 03 Employers Slash 159,000 Jobs in September By Admin, PBS News Hour Employers cut payrolls by 159,000 in September, the most in more than five years, the Labor Department reported Friday, raising new fears that the economy has lost its footing and is sliding into a recession. Continue reading