Economy - Most Commented


G8 summit focuses on weakness in Europe

May 21, 2012
President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples with another flare up in the debt crisis.
Posted In: G8 summit, Obama, austerity

PODCAST: Leveling the regional playing field, cutting deals with Chinese companies

May 21, 2012
Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest supporters, he's now backed out of natural gas stocks all together. In New York last night, tens of thousands of orthodox Jews gathered at Citi Field to discuss the pros and cons of using the Internet. And America's second largest movie theater chain, AMC, has been bought by one of China's largest real estate developers, creating the world's largest cinema chain.

Government bond interest rates near all-time low

May 18, 2012
The yield -- or interest rate -- on 10-year government bonds has fallen down to 1.7 percent, which is close to the all-time low.
Posted In: government bonds, S&P

PODCAST: The Facebook IPO arrives

May 18, 2012
Happy Facebook IPO Day! The company priced its IPO yesterday at $38 a share, for a market valuation of $104 billion. But just exactly how is Facebook going to live up to that market cap? On the table at the House of Representatives are big budget cuts for the military; one of the casualties of defense budget cutting is the $45 million Technology Innovation Program. The U.S. Commerce Department has announced steep tariffs on solar panels from China. And this year, the cost of going to prom is a bit higher than usual.

Stockton on the brink

May 18, 2012
The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
Posted In: stockton, california, bankruptcy, financial crisis, foreclosure

U.S. could be heading off a fiscal cliff in 2013

May 17, 2012
The Federal Reserve and lawmakers in Washington are warning of a fiscal cliff coming at the end of the year.
Posted In: budget

PODCAST: Walmart profits up, Dish Network at odds with TV execs

May 17, 2012
Shareholders of Chesapeake Energy are asking a judge to delay the company's annual meeting so they can get more information about their CEO's compensation and his personal financial interest in drilling natural gas wells. Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. What is a joint venture, and why is it worthwhile for companies? And Los Angeles sports fans -- and the Staples Center -- are flying high as three of the city's pro teams are in the playoffs.

'Minorities' now more than 50% of U.S. births

May 17, 2012
Latinos represent a large and growing consumer market. But reaching them poses big challenges.
Posted In: minority, census, Hispanics, Latino community

California budget to benefit from Facebook IPO

May 16, 2012
California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.
Posted In: Facebook, IPO, california

New home construction up 30% from last year

May 16, 2012
Housing starts, as they're called, were up 2.6 percent last month, and compared with last April, home construction was up almost 30 percent.
Posted In: Housing, construction, real estate