Jun 21 Watch 5:03 Venezuelans face collapsing economy, starvation and crime By PBS News Hour Plummeting worldwide fuel prices have damaged several economies, but perhaps no country has been hit harder than Venezuela. Once flush with oil money, the nation now faces a collapsing economy, skyrocketing inflation and a wave of looting and crime driven… Continue watching
Jun 04 Watch 6:04 Venezuela struggles with shortages as oil prices plummet By PBS News Hour Venezuela has the world’s largest reserves of oil, but with the price of oil in a free fall, the country’s economy is shrinking, and the South American nation of 30 million people is suffering. New York Times reporter Nicholas Casey,… Continue watching
Apr 24 Watch 3:52 Saudi Arabia rethinks dependence on oil revenue By PBS News Hour After a slump in global oil prices, Saudi Arabia’s monarchy is expected to announce a new vision for economic and political reform. Saudi Arabia is the world’s second largest oil producer behind the U.S. and is being forced to rethink… Continue watching
Mar 31 Watch 6:49 Oil-rich Venezuela suffers as global prices plummet By PBS News Hour Falling oil prices around the world are usually considered a good thing. But for countries whose economies depend on oil exports, the price drop means impending catastrophe. Scott Tong of Marketplace recently traveled to Venezuela, where 96 percent of all… Continue watching
Jan 21 Can the Fed really fight global economic instability? By Vikram Mansharamani Recent events in the global economy are increasing the likelihood that the Fed will have to reverse its course on raising interest rates. Continue reading
Jan 18 Gas prices fall below $1 in one Michigan town By Kamaria Roberts Plunging oil prices and a local bidding war drove gas prices to less than $1 in one central Michigan town Sunday. Continue reading
Aug 21 Watch 4:06 Will Wall Street’s rough week prove an overdue correction? By PBS News Hour There was a global sell-off of stock today, as investors panicked in the wake of another Chinese stock crash. To understand Wall Street’s bad week, Judy Woodruff speaks to Liz Ann Sonders of Charles Schwab. Continue watching
Apr 03 Watch 4:27 Do weaker U.S. jobs numbers suggest a downshifting economy? By PBS News Hour March put an end to a year-long streak of solid U.S. job growth. The Labor Department reported that employers added a net of just 126,000 jobs last month. Hari Sreenivasan talks to Diane Swonk of Mesirow Financial about what’s behind… Continue watching
Feb 05 In Venezuela, a box of condoms runs $755 as oil prices plummet By Marina Lopes As the petroleum-rich country’s economy is slammed by falling oil prices, expensive imports like condoms are becoming a luxury only the wealthy can afford. Continue reading
Jan 27 Watch 7:17 As oil prices drop, North Dakota’s booming industry braces for a winter cooldown By PBS News Hour Continue watching