It's official: U.S. is in recession A panel of the National Bureau of Economic
Research says the U.S. economy fell into a recession last year.December 1, 2008
Is moving into the middle class a dream deferred? Recent studies suggest that even in good times, Americans in the middle and lower classes largely stayed there, going back decades. What concerns economists even more is that people in the middle class tend to have a tough time recovering after recessions.Midmorning, December 1, 2008
Regional retailers are hopeful for the holidays Retailers from around the region talk about what they are doing differently this year because of the down economy and low consumer confidence.November 28, 2008
Sen. Klobuchar looks ahead U.S. Sen. Amy Klobuchar joins Midday to answer questions about the economy and other big issues facing Congress.Midday, November 26, 2008
Some Minn. car dealers expect more closings The closing of six Denny Hecker auto dealerships in the Twin Cities area late last week has cast a pall over the region's surviving dealers. Some industry observers expect more closings. Others, though, say the doom and gloom is overdone and that conditions are not so bad.November 24, 2008
Stocks rally late Stocks rallied strongly at the end of the
session, after a report that President-elect Barack Obama plans to
name New York Federal Reserve President Timothy Geithner as
Treasury secretary.November 21, 2008
Midlife career shift and the slumping economy Minnesota has lost jobs for the last four months in a row, and thousands more jobs are expected to be lost before things get better. What happens to workers in their 50s and 60s who experience an unwelcome layoff?Midmorning, November 21, 2008
Artists' advice on living with a tight budget Thousands of Minnesotans have already learned to live creatively on very little, and have done so for years quite successfully. They're artists and they have some advice to share with the rest of us.November 19, 2008
The big fix for failing economies World leaders wrapped up their Group of 20 summit on the international economy without agreeing on a coordinated stimulus package. Meanwhile, a lame duck Congress meets this week to consider an auto industry bailout and other possible fixes for America's struggling economy.Midday, November 17, 2008
Stocks fall at close, after down week Capping another volatile session for the stock
market, the key averages ended with a late decline.November 14, 2008
Preview of the global economic summit World economies are undergoing a dramatic shift in a crisis that many blame on the U.S.'s irresponsible lending and lack of regulation. President Bush has called a meeting of the 20 countries who control the world's economy to be held in Washington, DC over the weekend. But even before it begins, economists and analysts say the group has a long way to go before reaching agreements.Midmorning, November 14, 2008
Wall Street surges more than 6 percent Stocks mounted a huge rebound after being down
sharply earlier in the session.
The Dow soared 552 points to 8,835.November 13, 2008
Another approach on mortgages, but will it work? A new plan proposed by Fannie Mae and Freddie Mac may help reduce the loans of homeowners who are facing foreclosure, but it leaves out most borrowers with subprime loans. And treasury secretary Henry Paulson has offered no new plans for how bailout money might be used to stem the financial crisis.Midmorning, November 13, 2008
Paulson says troubled assets will not be purchased The government has abandoned the original
centerpiece of its $700 billion rescue effort for the financial
system and will not use the money to purchase troubled bank assets.November 12, 2008
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