Economy - Most Commented


Letter carriers protest postal service reform bill

Apr 11, 2012
The National Association of Letter Carriers is planning nationwide demonstrations Thursday outside U.S. Senate offices. They are protesting "flawed" legislation they say would hurt the postal service even more than it's already been damaged by cost-cutting.
Posted In: Postal Service

Markets feeling the ripples from Europe and earthquake

Apr 11, 2012
There were several massive earthquakes off the coast of Indonesia today, triggering tsunami warnings across the Indian Ocean. Those warnings have been cancelled and no serious damage has been reported so far.
Posted In: markets, tsunami, Europe, bonds

PODCAST: Earthquake in Indonesia, import prices up

Apr 11, 2012
The stock market isn't the only thing ailing Europe today: the market for carbon credits. Prices have tanked for allowances to spew carbon. There's a tsunami warning in effect across the Indian Ocean. Will today's earthquake impact the countries there as harshly as past disasters? And Terry Branstad, the Republican governor of Iowa, weighs in on the "lean finely-textured beef" vs. "pink slime" debate.

Faulty background checks hurt job hunters

Apr 11, 2012
The National Consumer Law Center says it's the wild west for background-screening report companies that provide shoddy reports.
Posted In: background check, Jobs

What we can expect from earnings season

Apr 10, 2012
With some tough economic news in the last week or so with the jobs report, and today some evidence of a slowdown in China, Wall Street is anticipating modest reports from corporations.
Posted In: Earnings, corporate profits

PODCAST: Big banks need more capital, a new Oval Office

Apr 10, 2012
It's been more than four years since the giant investment bank Bear Stearns collapsed, and the banking system is still in trouble -- but bank stocks have been soaring recently. Facebook is making its biggest purchase yet, as it gears up to go public. This Sunday is the 100th anniversary of the sinking of the Titanic, and Belfast, Northern Ireland is hoping to become the center of Titanic tourism.

President Obama pushes Buffett rule

Apr 10, 2012
Traveling in Florida, the president continued to press his case for the proposed tax reform that would require Americans who make more than a million dollars a year to pay 30 percent of their income in federal taxes.
Posted In: Warren Buffett, Buffett Rule, tax code

Demystifying the national debt

Apr 10, 2012
The U.S. national debt -- currently clocked at $15.6 trillion -- is a major issue that'll shape the election this fall. But where did it come from and what does it mean for individual Americans? A new book uncovers the numbers.
Posted In: debt

How will the Fed respond to March's jobs numbers?

Apr 9, 2012
March's disappointing jobs report could push the Federal Reserve to do more to spur job growth. Chairman Ben Bernanke is expected to speak on the subject today in Atlanta.
Posted In: Federal Reserve

PODCAST: Sony to cut jobs, a look inside Foxconn

Apr 9, 2012
China correspondent Rob Schmitz reveals what he found on his recent trip inside a Foxconn factory. Sony is reportedly set to cut 10,000 jobs; it's the first major move by its new CEO. Investors are urging British grocer Tesco to ditch its U.S. chain of Fresh & Easy stores. Stove Top stuffing is trying to woo consumers year-round. And Mike Huckabee launches his syndicated radio show today, bringing new competition to Rush Limbaugh.