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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.
Study says Americans prefer walkable neighborhoods
David Brancaccio Jun 22, 2012
New research from the Brookings Institution says Americans will pay up to $1,500 more in rent every month to live in a "walkable" neighborhood -- say, a place near their dry cleaners or grocery store or favorite restaurant.
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.
Times-Picayune to cut back jobs and production schedule
Mary Dooe May 24, 2012
The main newspaper in New Orleans, which received praise in its Katrina coverage, has announced budget cuts which will mean staff layoffs and a reduction in print editions to three days a week.
What the Times-Picayune cut back means for New Orleans
Kai Ryssdal May 24, 2012
Former Times-Picayune columnist Chris Rose laments the fact the his old paper is cutting back to three days a week in favor of the web.
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.'
