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An argument for raising the gas tax

May 1, 2008
Economics Correspondent Chris Farrell thinks raising the gas tax would not only change driving behavior, it would encourage research and development into alternative and more efficient fuels. He, by the way, isn't running for office.
Posted In: Taxes

FDA putting out the 'help wanted' sign

Apr 30, 2008
After a little financial help from Congress, the Food and Drug Administration announced it will hire 1,300 new employees. It's a big deal for an agency that currently employs about 10,000 workers. Jeremy Hobson reports.
Posted In: Health, Jobs, Washington

Kellogg, Kraft still packaging up profits

Apr 30, 2008
Corporations are subject to some of the same economic stresses as the rest of us -- especially companies that sell food. Kraft and Kellogg reported lower profits today. But they did better than anybody was expecting. Alisa Roth reports.
Posted In: Economy

Fed continues to see a weak economy

Apr 30, 2008
The Federal Reserve did exactly what everyone thought it was going to do today -- cut short-term interest rates 0.25%. In the process it said some not-so-reassuring things. John Dimsdale reports.
Posted In: Economy

GM posts first quarter loss

Apr 30, 2008
GM lost more than $3 billion so far this year. But hey, that's nothing compared to the $38-billion the automaker lost last year. The company blames challenging market conditions and ongoing labor issues. Janet Babin reports.
Posted In: Auto

Keeping older workers on the job

Apr 30, 2008
The economy as a whole will suffer if employers don't do enough to attract and retain older workers. That's the topic of a Senate hearing today on what some are calling a looming crisis in the labor force. Jeremy Hobson reports from Washington, D.C.
Posted In: Jobs

Foreclosed condos force fees on others

Apr 29, 2008
Speculators armed with subprime or adjustable-rate loans flooded the condominium market a couple of years ago. Now, many are in trouble, and other residents in their condo communities are paying the price. Dan Grech reports.
Posted In: Economy, Housing

The skyline's falling! The skyline's falling!

Apr 29, 2008
A $3 billion plan to revitalize downtown Los Angeles has been pushed back due to the credit crunch. Lisa Napoli reports on what it means when commercial real estate developers can't develop real estate.
Posted In: Economy, Housing

U.S. foreclosures double in first quarter

Apr 29, 2008
Many homeowners are still feeling the pinch of tight credit and falling housing prices. A new report says the foreclosure rate has more than doubled from a year ago. And the pain is becoming more widespread. Janet Babin has more.
Posted In: Housing

Banning gossip at the office

Apr 29, 2008
If you work in an office, you probably spend part of your day whispering about the trials and tribulations of your coworkers. It's part of working life, right? Well, one company actually banned it. Stacey Vanek-Smith reports.

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