Dec 16 Federal Reserve Cuts Key Rate to Record Low By Admin, PBS News Hour The Federal Reserve cut a key interest rate to an all-time low target range of zero to 0.25 percent Tuesday in an effort to fight the deepening recession. Continue reading
Dec 11 Watch Despite Growing Audience, NPR Cuts Programming, Staff Amid Economic Troubles National Public Radio announced Wednesday that it will cancel two programs and lay off 64 staff members -- its first staff cuts in 25 years. Ellen Weiss, NPR's senior vice president for news, discusses the cuts and the recession's worsening… Continue watching
Dec 11 Watch Daschle Tapped for Dual Role to Reform Health Care President-elect Barack Obama named Tom Daschle Thursday to head the Department of Health and Human Services and direct his administration's sweeping health care initiatives. Susan Denzter discusses the selection. Continue watching
Dec 11 U.S. Unemployment Claims Hit 26-Year High By Admin, PBS News Hour More than 570,000 people filed initial applications for jobless benefits during the first week of December, the highest one-week filing rate in 26-years, the Labor Department said Thursday. Continue reading
Dec 10 Watch Investors Turn to Low-risk Securities With Little Return As economic turmoil continues to rock the financial market, some investors are more willing to buy U.S. Treasury securities with low or zero yields in the short term. Analysts examine how the struggling economy is driving investors to minimal-risk investments. Continue watching
Dec 05 Watch Soaring Job Losses May Signal Deepening Recession U.S. employers cut 533,000 jobs in November, the most in 34 years, pushing the unemployment rate to 6.7 percent. Columnist Steven Pearlstein and economist Lakshman Achuthan examine what the new job figures indicate. Continue watching
Dec 05 The Economy, Your Pocketbook and the Recession Paul Solman: Forgive me for not responding to questions for a few days, but among other things, I’ve been trying to analyze the results of poll posted here recently: How is the Economy Affecting Your Pocketbook? Click on “Comments”… Continue reading
Dec 05 U.S. Employers Slash 533,000 Jobs; Unemployment Rate Jumps to 6.7% By Admin, PBS News Hour U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday. Continue reading
Dec 01 Stocks Pummeled as Recession Becomes Official By Admin, PBS News Hour A group of academic economists confirmed on Monday suspicions that the troubled U.S. economy is in a recession, saying the economic downturn began in December 2007. Continue reading
Nov 26 Watch London Shopkeepers Struggle to Stay in Business Amid Economic Troubles Britain's famous shops are reeling from troubles in the country's banking sector and hoping that a new stimulus plan will provide a much-needed boost. Margaret Warner reports from London on how businesses are coping with the crisis. Continue watching