Nov 27 Watch Food Banks Face Shortages in Economic Downturn Food banks and charities around the country are experiencing shortages as the economy continues to slide. In a two-part report, Tom Bearden examines how food banks are faring and Ray Suarez talks to analysts about the rising number of Americans… Continue watching
Nov 20 Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls By PBS News Hour U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers. Continue reading
Nov 20 U.S., World Stocks Tumble Amid Bleak Jobs Report By PBS News Hour U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its… Continue reading
Nov 13 New Jobless Claims Nearly Hit Post-Sept. 11 Level By PBS News Hour After skyrocketing in recent months, the number of newly laid-off U.S. workers seeking unemployment benefits jumped last week to the highest level since just after the Sept. 11, 2001, terrorist attacks. Continue reading
Nov 07 Watch Economy Tops Agenda at Obama’s First Post-Election Press Conference During his first press conference since his Nov. 4 election victory, President-elect Barack Obama addressed updates on his plans to steer the U.S. economy, assemble his cabinet and his views on Iran's nuclear buildup, among other issues. Continue watching
Nov 07 U.S. Unemployment Surges to 6.5 Percent in October By Admin, PBS News Hour Fueled by an economic downturn, the U.S. economy lost 240,000 jobs in October, the Labor Department said Friday. The numbers helped push the employment rate to 6.5 percent, its highest level in 14 years. Continue reading
Oct 23 Greenspan Calls Financial Crisis a ‘Credit Tsunami’ By PBS News Hour In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come. Continue reading
Oct 22 Foreclosure Rates for 3rd Quarter Up 70% From Last Year By Admin, PBS News Hour New data released Thursday show the number of homeowners caught in the foreclosure crisis grew by more than 70 percent in the third quarter compared with the same period last year. Continue reading
Oct 21 Watch Obama, McCain Exchange Jabs on Economic Plans As Sens. John McCain and Barack Obama stump through battleground states, their remaining efforts to shore up votes include exchanging jabs on economic policy and readiness for the presidency. Kwame Holman reports on the latest campaign developments. Continue watching
Oct 11 Is it time to admit that the world is already in a recession? Question/Comment: Over the past few weeks, we have gone to extreme measures to save economies around the world. Treasuries and central banks to date have used multiple tools to ease this crisis such as, lowering Interest rates, pumping billions of… Continue reading