Economy May 01

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Is the Auto Crisis Just a Lack of Demand?

Question: I don’t understand the auto industry crisis. I infer that it is because we’re in a recession, and not many people are buying cars. Is that all of it, or is there something more? Paul Solman: Are you talking…

Arts Mar 26

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U.S. Economic Downturn Worsened at End of 2008

The U.S. economy contracted at its fastest pace since 1982 at the end of last year, and it likely isn't faring much better now, according to a Commerce Department report released Thursday.

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