Economy - Most Recent

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PODCAST: Banking scandals march on, food prices hit by drought

Jul 19, 2012
It appears more of the world's largest banks are getting roped into allegations of fraud. Four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR. Of course, this banking scandal comes on the heels of the monster JP Morgan trade-gone-bad, which has cost the bank billions of dollars. What can be done to keep these problems from happening? And more than a dozen top-tier universities are signing on to a plan that will make college more affordable -- by offering some of their courses online for free.

Ag Secretary Tom Vilsack on the worst drought in decades

Jul 19, 2012
Soybean prices have reached a record high, and corn prices are near records in the midst of a rough drought across the Midwest. It could impact all of us soon in the form of higher prices for everything from cereal to chicken.
Posted In: Agriculture, drought, corn, Tom Vilsack

Americans' priorities for fixing the economy

Jul 19, 2012
Our politicians can't seem to work it out; how do ordinary Americans think we should fix the economy?
Posted In: Jobs

New home construction highest since 2008

Jul 18, 2012
But there's much further to go to return to a normal pace of home-building.
Posted In: Housing

The economy bypasses San Bernardino

Jul 18, 2012
The Southern California city considers bankruptcy, after the departure or collapse of successive industries left it unable to pay for fire, police and other services.
Posted In: San Bernardino, bankruptcy, McDonald's, california

PODCAST: Cheap ticket glitch, Lin says goodbye to Knicks

Jul 18, 2012
There's a growing sense among economists that the housing market has finally hit bottom, as home prices and home sales have been stabilizing in many places. There's a new report out today that's got one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped. And overseas, India has lost its ranking as the country with the most upbeat consumers, according to Nielsen. But it wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China.

Housing construction showing signs of recovery

Jul 18, 2012
Groundbreaking on new homes jumped up last month at the fastest pace in three years. Housing starts were up 6.9 percent from May and 24 percent from a year ago.
Posted In: housing market

Sheila Bair on the state of Dodd-Frank and financial reform

Jul 18, 2012
Two years ago this Saturday, President Obama signed the Dodd-Frank financial reform law. Many say the bailout pulled the economy back from the brink. But the ad-hoc nature of the bailout made clear we needed better ways of responding to -- and ideally preventing -- financial crises.
Posted In: Dodd-Frank law, Sheila Bair, financial reform

Study: Visa law prevents companies from hiring best workers

Jul 18, 2012
There's a new report out today that provides one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped, and doesn't account for the economic geography of America.
Posted In: hiring, Science, H-1B visas

Housing market shows signs of revival

Jul 18, 2012
New home construction figures could provide momentum to the sense that the housing market is finally turning the corner.
Posted In: Housing

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