Mid-day Update - Most Recent
Mar 1, 2012
What is the wealth gap in America? It might be harder than ever to climb the ladder of success and move up in income levels. The U.N. Human Rights Council has voted to condemn the Syrian government of President Bashar al-Assad. North Korea has reached a deal with the U.S. to suspend its nuclear program in exchange for U.S. food aid. And Justin Bieber turns 18 today, which means he finally gets access to his own finances.
Feb 29, 2012
Happy Leap Day, everyone! For most, it's just an extra day, but for those born on Feb. 29, it means a number of obstacles along the way.
Feb 29, 2012
It used to be that the middle class meant "doing well," and reaching the American Dream. What does "middle class" mean these days? James Murdoch steps down as chairman of News International. New Google privacy policies are about to go into effect. Super PAC money can keep candidates afloat longer. And businesses around the country are taking advantage of the extra day this year, trying to market and cash in on Leap Day.
Feb 28, 2012
Online user review site Yelp is getting ready for its IPO. The Environmental Protection Agency is in court to defend its landmark global warming finding. A new study reveals the wealthy may be the least ethical. The number of "supercommuters" is on the rise. And the Wealth & Poverty Desk takes a look at poverty, revealing that many who are technically living above the poverty line in the U.S. actually can’t afford to pay for basic needs like clothing and food.
Feb 27, 2012
BP's "trial of the century" has been postponed. State tax revenue has been rising at the fastest pace since 2006 -- many states are even reporting surpluses. Some German tax experts want to volunteer their services to Greece, but Greek tax officials aren't happy with the idea. Warren Buffett reveals Berkshire Hathaway has chosen his successor -- but he isn't saying who. And Mitchell Hartman reports from the Wealth and Poverty Desk on the definition of wealth.
Feb 24, 2012
Michael Jordan plays defense against a Chinese sportswear company. Romney's doing his best to sway voters to pick him in next week's primary, playing up his Michigan roots and pushing hard for a law that would get rid of mandatory-union-membership in union shops. And host Jeremy Hobson wraps up a week in Michigan by taking a closer look at two places in Detroit with the same name, but very different stories.
Feb 24, 2012
As Jeremy Hobson wraps up his week in Michigan, we hear from a few last Michiganders on their forecasts for the U.S. economy.
Feb 23, 2012
Last night's GOP debate on CNN included a lot of talk on the American auto bailout. In Michigan, employment has started to rebound in part thanks to manufacturing jobs associated with the auto industry. Elsewhere in the state, Jeremy Hobson sat down with the CEO of Domino's Pizza to see how the company is faring in these tough economic times, and to see what kind of effect Bain Capital had on the business. And speaking of the auto bailout, how do Americans in general feel about it?
Feb 23, 2012
Domino's Pizza, which has its headquarters in Michigan, is one company that's felt the ups and downs of the American -- and global -- economy.
Feb 22, 2012
The Obama administration is expected to announce a plan to cut the federal corporate tax from 35 percent (that's the second highest rate in the world) down to 28 percent. The consumer sentiment figure is a measure of how consumers are feeling about the economy and it's put together by Thomson Reuters and the University of Michigan. The nation's most populous state, California, had a brush with fiscal calamity this month, and lawmakers had to scramble recently to close a $5 billion budget shortfall.