Financial Turmoil Grips World Markets
Economy
Haggling Picks Up Steam During Recession()
August 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.
Business
Businesses Learn To Make Do With Fewer Workers()
August 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.
Economy
Some States Cancel Sales Tax Holidays ()
August 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.
Economy
Investor Ross: 'Washington Is The New Wall Street'()
August 3, 2009 Wilbur Ross says Americans are just as in debt as ever, only now it's the government — not the bank — holding the note. He says enthusiasm for the economy's rebound is higher than it should be.
Business
Bernanke: 'I Had To Hold My Nose' To Bail Out Banks()
July 27, 2009 KCURFederal Reserve Chairman Ben Bernanke said last year's taxpayer-financed bailout of big financial companies was necessary to avoid "a second Great Depression." His comments came during a town hall-style meeting designed to reassure Americans about the economy.
Economy
Lender's Financial Issues Could Have Ripple Effect()
July 14, 2009 The nation's No. 1 lender to small and mid-sized U.S. businesses is struggling financially. CIT Group has said it is holding advanced talks with the government about receiving emergency federal assistance. Treasury Secretary Timothy Geithner says he is monitoring developments.
U.S.
Flint, Mich.: Growing Stronger By Growing Smaller?()
July 13, 2009 As Rust Belt cities empty out, some locals want to shrink the cities to help save them, replacing abandoned houses and vacant lots with green spaces.
Education
Bleak Economy Squeezes Community Colleges()
July 10, 2009 The depressed economy has students lined up to enroll at community colleges. At any other time, surging enrollment would be seen as a boon, but the spike comes as state and local governments are cutting financial support for the schools.
more Financial Turmoil Grips World Markets >
