Jun 05 Watch Fraud Charges Filed Against Countrywide Mortgage Chief The Securities and Exchange Commission has filed civil fraud charges against Angelo Mozilo, head of the Countrywide Financial mortgage firm, for misleading investors about the company's lending practices. Analysts assess the case's impact. Continue watching
Jun 05 Watch Unemployment Rate Hits 26-Year High, but Job Cuts Slow Although the rate of U.S. job losses slowed in May, unemployment rose to 9.4 percent, the highest rate in 26 years. Economist Lisa Lynch explains the new job numbers. Continue watching
Jun 05 Job Losses Slow, but Unemployment Hits 9.4% By Admin, PBS News Hour Unemployment jumped to a 25-year high in May, according to new Labor Department numbers, but the rate of job losses slowed with 345,000 jobs lost last month, down from 504,000 in April. Continue reading
Jun 05 What’s Your Take on the New Unemployment Numbers? Question: What’s your take on the new unemployment numbers? Paul Solman: First Friday: That time of the month again. Time for the official unemployment number, that is. Today’s is being trumpeted as yet another “green shoot.” A net job loss… Continue reading
May 29 U.S. Economy Shrank 5.7% at Start of Year By Admin, PBS News Hour The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be… Continue reading
May 28 New Jobless Claims Fall, Manufacturing Orders Rise By Admin, PBS News Hour In new signs that the recession may be ebbing, orders for big-ticket manufactured goods rose by 1.9 percent and the number of new jobless claims fell, although the number continuing to receive unemployment remained at the highest level since 1967. Continue reading
May 14 Watch Analysts Mull Treasury’s Calls for Derivatives Regulation The Obama administration has called for Congress to tighten regulation on risky trade derivatives, the kind of complicated financial instrument that brought down insurer AIG. Analysts examine what the move means for financial markets. Continue watching
May 13 After Layoffs, More Time to Focus on Art At the end of last year, "Joe Claus":http://www.joeclaus.com was working at a small electronics company in Silicon Valley doing photography, marketing and design. And then he got laid off. "I was pissed," he said. But there was an unforeseen upside… Continue reading
May 12 Watch Recession Impacts Social Security, Medicare; U.S. Soldier Charged With Murder In the day's top news headlines, new reports show the recession has cut into the Social Security and Medicare benefit programs, and a U.S. soldier accused of killing five comrades in Iraq was charged with murder. Continue watching
May 12 Social Security, Medicare Weakened by Recession By Admin, PBS News Hour The financial health of Social Security and Medicare, the government's two biggest benefit programs, has eroded amid the deep economic recession, according to reports released Tuesday. Continue reading