Campaign 2008: Obama and McCain Face-off
In this video, the two major party candidates for president, Senators Barack Obama and John McCain give speeches at stops along the campaign trail; Senator Obama in Virginia, and Senator McCain in New...
View ArticleBanks Fail As Housing Crisis Deepens
This video gives a rundown of the financial crisis and market panic created by the collapse of investment bank Lehman Brothers and the Bank of America takeover of troubled Merril Lynch. The deal was...
View ArticleCongress Votes Yes on Financial Bailout, But Economy Worsens
A $700 billion financial rescue plan won final approval in Congress Friday when the U.S. House approved a revised version of a bill it rejected earlier in the week. The controversial measure passed...
View ArticleDown in Polls, McCain Fights to Make Up Ground on the Economy
National polls have Senator Obama leading Senator McCain by as many as 10 percentage points, but McCain is pledging that the election is far from over. McCain’s campaign has been in the underdog...
View ArticleNew Mexico Offers Case Study in Economic Inequalities
The gap between America’s rich and poor is a core problem that both Senators John McCain and Barack Obama have discussed during the 2008 presidential campaign. Los Alamos, New Mexico is the wealthiest...
View ArticleWhat Really Happens in a Foreclosure?
This moving report looks at the work of a company that clears out homes that have gone through foreclosure. Because the banks want the houses to be ready for sale as soon as possible, John Plocher’s...
View ArticleEconomically Battered Haiti Rocked By Three Hurricanes
After three hurricanes and a tropical storm hit Haiti this summer, the island nation is still waiting for relief. One tenth of Haiti’s population, approximately 800,000 people, are homeless and the...
View ArticleEconomic Woes: the Autoworkers’ Perspective
As President-elect Barack Obama introduces his new economic team and lawmakers in Congress debate whether to help the American auto industry, NewsHour Economics Correspondent Paul Solman traveled to...
View ArticleObama Announces Economic Team
President-elect Barack Obama Monday announced his top economic team, which will help him deal with an economy in serious crisis. The first seven minutes of this video are excerpts from the future...
View ArticleLondon Struggles as Economy Sags
This video takes you to London, where the global economic crisis has hit almost everyone. The NewsHour’s Margaret Warner talks to a cab driver who says business is way down and he has to drive every...
View ArticleLow Spending Hurts Holiday Shopping Season
Consumer spending is at an all time low in the United States; this means less money is put into the economy and less money spread around. According to a recent Pew poll, 73 percent of Americans intend...
View ArticleStudents Get a Leg Up at Year Up
In our troubled economy one program is giving students new hope: Year Up, a year long training program for so called “disconnected youth”. Begun in 2000 and already in 6 different urban areas, Year Up...
View ArticleEconomists Explain How They Missed Warnings
Some of the nation’s brightest economists failed to predict the foreclosure crisis and economic recession that followed. In this video, Economics Correspondent Paul Solman attends a conference of...
View ArticleWhen Is This Recession Going to End?
Next month, next year, next decade? Americans are anxiously asking when the economic downturn with its job losses and bad news is going to end. NewsHour Economics Correspondent Paul Solman visits...
View ArticlePresident Obama Outlines Challenges; Hope for the Future
How will President Barack Obama’s inauguration speech go down in history? He began by thanking President Bush for his service, as well as the generosity and cooperation the transition, but then made...
View ArticleHigh Tech Takes Hard Hits
As the economy continues to fumble, once infallible high tech firms are also proving they are affected by the market. This week Microsoft and Intel announced job cuts- the first time ever for...
View ArticleIs Corn Ethanol Good or Bad?
While some politicians and environmentalists believe that “biofuels” like corn ethanol could lower America’s dependence on foreign oil, others argue that ethanol actually costs energy to produce and...
View ArticleEconomic Breakdown Cripples U.S. Port
The economic slowdown has paralyzed the otherwise busy port of Long Beach, California, where billions of dollars worth of imports and exports used to flow into and out of the country. Car companies are...
View ArticleObama Asks Americans to Support Stimulus
In his first prime-time press conference Monday night, President Barack Obama urged the American people to support the economic stimulus bill currently making its way through congress. The package,...
View ArticleLife on the Economic Edge
With unemployment on the rise and almost 2 million workers laid off in the last months more and more people are left without healthcare and are turning to government for help. A recent study estimates...
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