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   E-mail This Page         Africa Asia-Pacific Europe Latin America Middle East North America  Arts & Entertainment Business & Economy Environment Education Government Programs Health In Memoriam International Organizations Law Media Military Politics Religion Science & Technology Social Issues Sports Terrorism Transportation U.S. Presidency Weather & Natural Disasters        BUSINESS & ECONOMY   July 2, 2008 G8 Leaders Urged to Turn Attention to Food Crisis July 1, 2008 After Delays and Criticism, Pentagon Shifts Priorities to Protect SoldiersJune 30, 2008 Iraq Opens Oil Fields to Foreign Firms for Output Boost  2008 JULYJuly 3, 2008Obama, McCain Work to Highlight Views on Key Trade PoliciesWith the economy a top campaign issue, presidential hopefuls Sens. John McCain and Barack Obama are working to shape their stances on international trade and free-trade policies. Analysts discuss the candidates' statements and the impact of trade policy shifts.       July 3, 2008Issues with Large Commercial Carriers Trouble Small Town AirportsTrouble has been brewing among large air carriers, plagued with high costs, competition and traffic, but these troubles have now begun to take their toll on regional airports, which are struggling to just survive. Elizabeth Bracket reports from Indiana. July 3, 2008Economy Burdened by Job Losses, Slipping Sales, Oil CostsThe Labor Department announced the sixth consecutive month of job cuts Thursday as employers cut 62,000 workers, further fueling U.S. economic concerns. Analysts examine the news. July 3, 2008 U.S. Employers Cuts Payrolls by 62,000 in JuneThe Labor Department announced the sixth consecutive month of job cuts as U.S. employers cut 62,000 non-farm workers from their payrolls in June, creating the longest-running decline since 2002.July 2, 2008FDA Expands Search for Source of Salmonella OutbreakThe U.S. Food and Drug Administration said Wednesday that it still did not know the source of a salmonella outbreak that has sickened 869 people and plans to expand its search beyond tomatoes, the first suspected culprit. A USA Today reporter updates the story. July 2, 2008Starbucks Plans to Close 600 Stores as Sales SlideStarbucks announced Wednesday the closure of 600 stores and plans for staff cutbacks after a drop in sales. Lee Hochberg reports on the economic shifts behind the company's losses and how the coffee giant plans to recover.
July 2, 2008G8 Leaders Urged to Turn Attention to Food CrisisAhead of the Group of Eight summit in Japan next week, World Bank President Robert Zoellick is calling on world leaders to renew their focus on the global food crisis what efforts to address food shortages as commodities' values escalate. July 1, 2008After Delays and Criticism, Pentagon Shifts Priorities to Protect SoldiersBeginning in 2007 the Pentagon shifted its spending priorities to meet the deadly threat of roadside bombs leading to the procurement of the MRAP, or 'Mine Resistant Ambush Protected'. The fourteen-ton vehicle is credited for a drastic decline in roadside bomb fatalities, but why did it take so long? Paul Solman investigates. July 1, 2008Nearly Every U.S. Automaker Posts Double-digit Sales Losses in JuneAmid record-high gas prices, a slumping economy and consumer jitters, U.S. auto sales plummeted in June, but General Motors managed to retain its No. 1 spot ahead of Toyota thanks, in part, to a six-day sale featuring zero-percent financing offers.JUNEJune 30, 2008Iraq Opens Oil Fields to Foreign Firms for Output BoostThe Iraqi government announced Monday it was accepting international bids for contracts to operate six of its oil fields. An economics expert discusses the prospect of Western oil companies working in Iraq. June 30, 2008Iraqis Open Oil to Foreign Firms to Boost OutputThe Iraqi government opened six of its oil fields to international bidders Monday as the nation attempts to increase daily production by 60 percent, leaving the door open for top Western companies to tap into the world's third largest oil reserves.June 27, 2008 Flooded Farmlands May Take Decades To RecoverAs water rushed through Iowa, it didn't just destroy private property; acres of fertile farmland were ruined for years to come. Jerry DeWitt, director of the Leopold Center for Sustainable Agriculture at Iowa State University, talks about the agricultural damage.June 26, 2008California Community Hit Hard by Economy's FallResidents of a once-prosperous California community are feeling an economic pinch as home foreclosures, the credit crunch, low consumer confidence and high oil prices have hurt the U.S. economy. June 26, 2008Wall Street Jitters, Fuel Costs Spread Economic WoesThe Dow Jones dropped Thursday to its lowest point since September 2006, due to economic woes and soaring oil prices across the country. A chief investment officer examines the impact of the bleak news on the national economy. June 26, 2008Scientists to Begin Mapping the Cocoa GenomeChocolate maker Mars Inc. will fund a five year, $10 million project to map the cocoa bean genome -- work that could lead to hardier, higher-yielding crops and better quality chocolate, the company announced Thursday.June 26, 2008 Is there pressure to revitalize the U.S. rail system to reduce the oil crisis?Paul Solman answers this question and many more in "The Business Desk."June 25, 2008Florida Seeks to Expand Everglades from Sugar FarmlandFlorida agreed to buy almost 300 sq. miles of farmland north of the wetlands from a U.S. Sugar company for $1.75 billion. The tentative deal will expand and restore the Everglades, a key U.S. ecosystem, and relieve the sugar company from its financial bind. June 25, 2008As Oil Prices Rise, Carmakers Look to Electric FutureRising oil prices and improvements in battery technology are fueling new interest in developing electric cars. Spencer Michels reports on how industry giants and start-up car companies alike plan to release new vehicles by 2010. June 25, 2008High Court Cuts Damages in Exxon Valdez Oil SpillAlmost twenty years since the Exxon Valdez oil spill, the Supreme Court decided Wednesday to reduce victims' compensation in Alaska. Two journalists who have covered the story discuss the decision and how the impact of the accident still lingers in the region. June 25, 2008 Extended Interview: Tesla Motors Chairman Elon MuskNewsHour correspondent Spencer Michels talked in April to electric car maker Tesla Motors' founder and chairman, Elon Musk -- an entrepreneur who previously founded PayPal -- about the future of the electric car.June 25, 2008Extended Interview: Mary Nichols, California Air Resources BoardSpencer Michels talked to Mary Nichols, head of the California Air Resources Board, in April about the board's recent decision to cut the number of zero-emission vehicles the state will require car manufacturers to build. The board aims to encourage manufacturers to produce more hybrid vehicles instead.June 24, 2008Non-profit Groups Financing Independent JournalismA rise in the number of non-profit organizations funding journalism projects is changing how newsrooms gather independent content. Two media experts discuss the shift in foreign and investigative reporting. June 24, 2008Increasing Fuel Costs Raise New Energy ConcernsConcerns over high oil prices continue as lawmakers struggle to find production solutions. Two energy consultants discuss the factors behind the ongoing price jumps and analyze the trajectory of fuel costs for the near future. June 24, 2008Home Prices, Consumer Confidence Take TumblesU.S. home prices extended their record slide in April, with every top metropolitan area now posting annual losses and many showing double-digit declines, according to the Standard & Poor's/Case-Shiller home price index report released Tuesday.June 20, 2008Denver Battles Fuel Prices with New Mass Transit PlanIn response to soaring fuel costs, Denver city planners are taking steps toward expanding the city's public transportation system. June 20, 2008Iowa Floods Wreak Havoc on Farming CommunitiesAfter heavy rains triggered massive flooding in Iowa, some farms were completely submerged, causing heavy crop and livestock losses. Elizabeth Brackett reports on how one Iowa farmer is coping with the damage. June 19, 2008Minority Leader Boehner Details War Funding Moves, Energy Policy DebateLawmakers met Thursday to debate funding allocations for the Iraq and Afghan wars, while continuing to mull how to best address soaring gas prices. House Minority Leader John Boehner explains GOP priorities in the House and how Congress has handled its most pressing issues. June 19, 2008Mortgage Fraud Sweep Nets Hundreds of ArrestsThe Justice Department and the FBI announced hundreds of arrests Thursday for mortgage fraud, which is blamed for sparking a national credit crisis and nationwide housing crisis. An NPR correspondent and Columbia Law professor examine the government crackdown.
June 19, 2008More than 400 Arrested in Mortgage Fraud StingMore than 400 real estate industry workers have been indicted since March in a Justice Department crackdown on incidents of mortgage fraud nationwide -- a key contributing factor to the country's housing crisis. June 18, 2008GAO Backs Boeing's Claims in Tanker Contract DisputeCongressional investigators sided with Boeing Wednesday in a dispute over the awarding of a $35 billion Air Force tanker contract to competitor Northrup Grumman. A reporter discusses the decision. June 18, 2008President Urges Congress to Lift Offshore Oil Drilling BanAmid soaring gas prices and increased debate over energy policy, President Bush urged Congress Wednesday to end a 27-year ban on offshore drilling in U.S. coastal waters before its Fourth of July recess.June 17, 2008What are the pros and cons for denominating oil worldwide in U.S. dollars?Paul Solman answers this question and many more in the Business Desk.June 16, 2008Lehman Reports $3 Billion in Losses Due to Bad Mortgage InvestmentsLehman Brothers chief Richard Fuld took responsibility Monday for a staggering $3 billion in losses in the second quarter, saying the company was too slow to react to the unfolding credit and mortgage crisis. Roben Farzad of BusinessWeek magazine outlines how the news may affect Wall Street and Main Street. June 16, 2008Iowa Residents Wait to Return Home As Flood Waters Move OnFlood fears eased in Iowa City Monday, as a string of towns in the state's south and east along the Mississippi River prepared for new problems caused by a recent bout of torrential rains and bad weather.June 13, 2008Young Brazilian Musicians Try to Go GlobalLinguistic, political and economic barriers stand between Brazil's most popular acts and global recognition. NewsHour special correspondent Simon Marks caps a series of reports from Brazil by looking at the music scene. June 13, 2008Inflation Jumps 0.6 Percent in May; Core Rate Remains in CheckInflation shot up at the fastest rate in some six months, the U.S. government reported Friday. The jump in prices was blamed largely on soaring gas and food prices.June 12, 2008Drilling for Natural Gas in Wyoming Raises DebateWyoming has some of the largest natural gas reserves in the country -- underneath public land -- leading to a debate over whether to drill or preserve the land for other uses. NewsHour correspondent Spencer Michels reports from Wyoming. June 11, 2008Annan: World Must Help African Nations Tackle Food CrisisFuel costs and supply shortages have caused a spike in food prices across Africa -- prompting calls for an agricultural revolution on the continent. Former U.N. chief Kofi Annan discusses efforts to address the crisis. June 11, 2008Protests Against Government, U.S. Imports Sweep South KoreaMore than 100,000 demonstrators took to the streets of Seoul to protest a proposed deal allowing U.S. beef imports and taking to task the teetering government of President Lee Myung-bak. A regional expert explores the core issues behind the protests. June 10, 2008More Than 25 Million Americans Underinsured, Study FindsMore than 25 million Americans with health insurance did not have sufficient coverage for their medical expenses in 2007, according to a study released Tuesday in the journal Health Affairs.  June 10, 2008Brazil Seeks to Break New Ground in Global MarketplaceAs Brazil expands its manufacturing and agricultural industries, it has carved a spot as the largest exporter of coffee, beef, poultry and other food products and as the world leader in ethanol production. Simon Marks continues a series of reports from Brazil. June 10, 2008 McCain and Obama Trade Jabs Over Economic StrategiesPresumptive presidential candidates Sens. Barack Obama and John McCain offered contrasting approaches to mend a sluggish economy this week, with Obama emphasizing an active government role in providing assistance and McCain calling for lower taxes and spending cuts. June 9, 2008Brazil's Economic Boom Marred by Social InequalitiesBrazil is on track to become an economic powerhouse in the 21st century, but gaping social inequalities still plague this country of 187 million. Simon Marks offers the first in a series of reports from Brazil on the country's economic and political scene. June 9, 2008Fuel Costs, Job Losses Batter U.S. EconomyRising fuel prices and news of massive job losses buffeted an already shaken U.S. economy in the past week. The record energy prices are affecting the cost of everything from baked goods to diapers. Journalists John Authers and Roben Farzad discuss how the prices got that high and whether it appears they will stay that way. June 9, 2008Military Buildup Seen as Boom, Test for Tiny Island of Guam In the next six years, the population of Guam is expected to explode by 25 percent as the American military redploys thousands of its forces to the tiny Pacific Ocean island. The more than $15 billion project is expected to fuel the economy, but also threatens to strain its infrastructure and threaten its tourism industry. June 9, 2008High Fuel Prices Lead to Protests in EuropeTruck drivers in Spain and Portugal blocked roads Monday to protest soaring global fuel prices, which also caused the national average price of gasoline in the United States to rise above $4 per gallon over the weekend.June 6, 2008College Grads to Face Toughest Job Market in YearsAmid worsening economic prospects, marked by Friday's Labor Department report announcing new unemployment highs, the class of 2008 faces a tough job markets for new college graduates. Two career-development experts discuss the challenges ahead for new job-seekers. June 6, 2008Unemployment Rate Jumps as Economic Woes MountThe nation's unemployment rate hit 5.5 percent in May as employers cut some 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Mark Zandi, chief economist with Moody's Economy.com, explains the new Labor Department report and what it means for the economy. June 6, 2008Unemployment Rate Jumps to 5.5% in MayThe nation's unemployment rate hit 5.5 percent in May as employers cut 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Employers have now cut payrolls for five straight months.June 3, 2008'Guns, Germs, and Steel' Author Discusses Costly Crude and the Future of OilIn another of the NewsHour's ongoing 'Costly Crude' series, geography professor and famed author Jared Diamond discusses the future of oil in view of current high prices.  2008             2007 | 2006 | 2005 | 2004 | 2003 | 20022001 | 2000 | 1999 | 1998 | 1997 | 1996  The Business Desk Economics correspondent Paul Solman answers your questions on business and financial news. China Prepares for 2008 Olympics Massive construction, pollution and public image are all factors in China's preparations for the 2008 Olympic Games. 20082007 | 2006 | 2005 | 2004 | 2003 | 20022001 | 2000 | 1999 | 1998 | 1997 | 1996
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