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Mayor of Stockton tries to avoid city bankruptcy
David Brancaccio Jun 5, 2012
The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Portugal's banks get $8 billion bailout
David Brancaccio Jun 4, 2012
Today three big banks in Portugal were forced to draw on $8.25 billion worth of European Union bailout money to weather the current financial storm. Portugal has been slogging through very tight budgets in order to be eligible for money like this.
Economic woes go global
David Gura Jun 4, 2012
May's jobs reports has worried investors worldwide about their short-term prospects. But there are more acute fears of a global slowdown, caused by what’s going on in Europe and emerging markets.
Law firm Dewey & LeBoeuf files for bankruptcy
Amy Scott May 29, 2012
Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.
History and pedigree do not guarantee survival for Dewey
David Brancaccio May 29, 2012
Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.
Housing market may finally be bottoming out
Juli Niemann May 29, 2012
Housing prices in March were up a tiny bit from the month before, but it is the first time in seven months that the data hasn't shown a decline.
A week of economic woes and Facebook fizzle
Scott Tong May 25, 2012
In the last week, we've heard of a possible Greek exit from the euro, a U.S. debt ceiling showdown, HP layoffs, and a Facebook stock lawsuit. How does this news affect our psyche and what stories should we focus on amid all the turmoil?
Low U.S. employment growth and the tech sector slows
David Brancaccio May 25, 2012
Some point to the Facebook stock flop as sign of a slowing tech sector. Meanwhile, employment growth for unskilled workers in the U.S. remains stalled.
Should Washington act to prevent a 'fiscal cliff'?
David Brancaccio May 23, 2012
The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'
In economic recovery, the rich recover more
Mitchell Hartman May 17, 2012
The middle-class has lost significant wealth for the long term. The wealthy -- not so much.
