Financial Turmoil Grips World Markets
Aug 11, 2009 — There are fewer big trucks on the road this summer, and they're carrying a lot less. Freight shipping is off 20 percent. Big, heavy items like building materials are down much more, and food shipping also has taken a hit. The slump has left drivers waiting long days for loads, driving long distances with empty trucks to get them and earning less per mile when they do find work. Frank Morris reports for member station KCUR.
Aug 11, 2009 — Good news is rare in the newspaper business these days. But one paper says it's clawing its way back from the brink. The publisher of The Seattle Times says his paper has started turning a profit. He attributes that to dramatic cost cutting and to the demise of the city's other newspaper, the Seattle Post Intelligencer, which now exists only online.
Aug 10, 2009 — With household budgets as tight as ever, haggling is increasingly popular these days. Customers are contesting the price they pay at gas stations, chain stores and other places you might not think to negotiate. The key, says one pro, is always ask for a discount. If you don't ask, forget getting a deal.
Aug 10, 2009 — In April, the U.S. Education Department released billions of dollars in stimulus funds for education. Four months later, much of that money is still sitting in state coffers — despite long lists of unmet needs in many school districts.
Aug 6, 2009 — Since December 2007, the labor market has seen a net decline of 6.5 million jobs. Instead of replacing workers, many employers across the country are operating with leaner, more efficient staffs.
Aug 6, 2009 — A new study indicates that by 2011 nearly half of American homeowners will have a house worth less than what they owe on the mortgage. When more is owed, than what the house is worth, it's called being under water. One-fourth of U.S. homeowners are estimated to be under water on their mortgages already.
Aug 6, 2009 — The financial crisis isn't over yet, but already Wall Street firms are back to awarding astronomical bonuses. David Wessel, of The Wall Street Journal, talks with Steve Inskeep about why big bonuses are returning despite public outrage for such compensation just weeks ago.
Aug 4, 2009 — The Treasury Department releases its first monthly "report card" tracking how the various banks and mortgage companies are doing in their efforts to prevent foreclosures. The Obama administration is pressuring the mortgage industry to do more. The latest figures indicate foreclosure rates keep rising.
Aug 3, 2009 — Parents are gearing up for their children to return to school. Many states offer "sales tax" holidays on school-related items like computers, clothes and supplies. Parents like the discount and retailers enjoy the boost in sales. But this year, government budgets are squeezed and some say states can't afford the loss in sales tax revenue.
Aug 3, 2009 — Marlene Wickerink and Janet Chapman are both saying goodbye to McDonalds in North Muskegon, Mich. Between the two, they have more than four decades of experience with the franchise. The owner tells The Muskegon Chronicle the women were great examples for their fellow workers.