The financial crisis barreled through industrialized and developing nations, bruising once vital economies, and thrusting unhealthy ones further into decline. With G-20 leaders in Pittsburgh this week, here is a look at where their economies stand.
Editor’s note: All this week on the Business Desk, we’ll be featuring contributions from economists, financial journalists, and other experts on the origins and impact of the financial crisis. We asked several experts to weigh in on the single…
In other news, White House economic advisers reported Thursday that stimulus efforts have already created or saved more than 1 million jobs. Also, the Labor Department reported that first time unemployment claims fell last week.
Paul Solman looks at the faces and places that illustrate the realities of the recession and Jeffrey Brown talks to experts about its impact on jobs.
Unemployment jumped to 9.7 percent in August, but new data shows job cuts have slowed. Ray Suarez speaks with a financial expert about the labor market and economic recovery.
By Quinn Bowman
U.S. employers shed 216,000 jobs in August, increasing the unemployment rate to 9.7 percent, the highest level since 1983.
In other news, firefighters have contained approximately 40 percent of a massive wildfire burning through Southern California, and Vice President Joe Biden defended the federal stimulus program, saying it has helped create or save as many as 750,000 jobs.
A Blue Dog Democrat congressman speaks with his Idaho constituents about the ongoing health care reform debate. Betty Ann Bowser reports.
The government is ending its popular 'Cash for Clunkers' program two months early due to dwindling funds. Jeffrey Brown speaks with an automotive journalist about its impact on the auto industry and the economy.
With the economy showing hints of a recovery, the threat of inflation is testing policy makers at the Federal Reserve as they work to determine how quickly to unwind emergency moves taken during the height of the financial crisis. Paul…
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