Economy

• The balance between labor and retail
  President-elect Barack Obama has big plans for U.S. labor policy, though retailers are concerned about the impact of such plans on their already slumping earnings.Midmorning, November 12, 2008
• Mayo Clinic to close unit, cut 30 jobs
  Mayo is closing its 100-person Mayo Clinical Trial Services because of anticipated future losses and a change in business strategy.November 6, 2008
• Wall Street hammered by bleak new economy reports
  A fresh wave of bad economic news, including a half-million Americans newly out of work and the weakest October retail sales in nearly 40 years, pummeled the stock market Thursday, driving the Dow Jones industrials under 9,000 again with a stunning two-day decline of 10 percent.November 6, 2008
• U of M tackles bugs in $50 million accounting system
  The University of Minnesota is working to correct problems with its new accounting system.October 26, 2008
• Greenspan warns unemployment will rise further
  Former Federal Reserve Chairman Alan Greenspan said Thursday the current financial crisis is a "once-in-a-century credit tsunami" which will have a severe impact on the U.S. economy, driving unemployment higher.October 23, 2008
• World leaders to meet on economy in Washington
  World leaders will meet Nov. 15 in Washington to address the global financial crisis - the first in a series of summits to mitigate what economists predict could be a long and deep downturn.October 22, 2008
• Stocks tumble on worries about earnings forecasts
  Stocks ended sharply lower as investors worry that the economy is poised to weaken even as frozen credit markets slowly start to show signs of recovery.October 22, 2008
• Economic instability has many turning to gold
  Tumbling stocks and a fluctuating dollar have prompted a gold rush of sorts. But is the precious metal really a golden opportunity?October 22, 2008
• Economic pain stresses people and services
  The number of people seeking food, shelter, medical care and other necessities is up and social service agencies are feeling the demand.October 9, 2008
• Fed moves to free up cash for businesses
  The latest plan will help address businesses' short term cash needs to pay for inventory, payroll and other daily operations.October 7, 2008
• Bernanke: More economic pain ahead
  Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain.October 7, 2008
• Some House 'no' votes turning to 'yes' on bailout
  President Bush and congressional leaders are lobbying furiously for enough House support to push the troubled $700 billion financial industry bailout bill to the finish line.October 2, 2008
• Obama, McCain to attend White House meeting
  In a televised address last night, Bush warned that the "entire economy is in danger" if a $700 billion plan to rescue shaky financial firms isn't approved quickly.September 25, 2008
• Candidates and the crisis in the economy
  A very uncertain economy throws a September surprise into the presidential campaign. Top economic advisors from both the McCain and Obama campaigns talk about how the startling events of the last week have influenced what the candidates are able to promise.Midmorning, September 24, 2008
• Foreclosures push rents higher, squeezing low income families
  Foreclosuses are forcing more people to rent, driving up the cost of rental housing and putting an additional squeeze on low income families.September 21, 2008

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