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Wednesday, July 18, 2012

The Two-Way

Is American Stalling On A Merger With US Airways?

US Airways CEO Doug Parker waits to be introduced prior to his address to a National Press Club Newsmaker Luncheon in Washington, DC.

July 18, 2012 It's been reported that the CEO and his management team stand to make millions if they stall the merger long enough.

Summary

Tuesday, July 17, 2012

Business

Debt, Debt And More Debt: Is Democracy To Blame?

The marble statue of Plato stands in front of the Athens Academy in Athens. The ancient Greek philosopher had his doubts about democracy.

July 17, 2012 The federal debt is at record levels and growing. States are "grappling with unprecedented fiscal crises," a new report says. And Europe's debt mess threatens the world economy. Some scholars think, like Plato, that democracy is the problem.

Summary

Wednesday, July 11, 2012

Economy

Did The Great Recession Bring Back The 1930s?

Thousands of unemployed people wait outside the State Labor Bureau in New York City to register for federal relief jobs in 1933.

July 11, 2012 The downturn and sluggish recovery of recent years had been compared to the nation's worst economic period. Now that much more data is available to measure it, how did the Great Recession stack up against the Great Depression?

Summary

Friday, June 22, 2012

Business

A Week Of Near-Calamities Erodes Confidence

Vanessa Loren shops in Miami. An index of consumer sentiment dropped more than expected in June.

June 22, 2012 For consumers and business owners, a week of weaving around potential calamities was not exactly a confidence builder. "There's an overall sense of frustration," says Paul Root, a kennel owner in California.

Summary

Wednesday, June 20, 2012

Business

The Fed In 3 Phrases: Decoding Bernanke And Co.

Many economists are predicting Federal Reserve Chairman Ben Bernanke and his fellow policymakers will continue to depress long-term rates.

June 20, 2012 The Federal Reserve ends its two-day meeting Wednesday by offering its assessment of the economy and then declaring its latest plan for making things better. Will the Fed's monetary policy formula offer another dash of Operation Twist or a dose of QE3? Read more about these key phrases and what they mean.

Summary

Friday, June 15, 2012

Economy

Three Frightening Phrases You Should Understand

German Chancellor Angela Merkel speaks during a press conference in Brussels.

June 15, 2012 When economists talk about their fears, they constantly use three phrases: "fiscal cliff," "muddle through" and "hard landing." Each is related to a different problem in a different region of the world: the U.S., Europe and China. And there are worries that all of these crises will explode soon.

Summary

Tuesday, June 12, 2012

Your Money

Credit Card Debt Cut: The Reason May Surprise You

Credit card

June 12, 2012 A new study showing that Americans lost nearly 40 percent of their wealth in the Great Recession turned up another notable result: Credit card debt also fell sharply; the median family's balance tumbled 16 percent. But it's not just because people rushed to pay off their plastic.

Summary

The Two-Way

Train, Don't Complain, Prof Tells Employers

June 12, 2012 Wharton's Peter Cappelli says too many businesses are searching for the "perfect" candidate rather than investing in people and teaching them the skills to do their jobs.

Summary

Economy

The Fed's Tough Job Gets Harder In Election Year

Federal Reserve Board Chairman Ben Bernanke hasn't said whether the central bank will act to further stimulate the economy.

June 12, 2012 With signs that the economy is slowing, the Federal Reserve may take steps to help boost growth. But with the election season gearing up, the Fed's ability to act boldly may be restrained. That's because the monetary policymakers want to preserve the Fed's credibility as a nonpartisan entity.

Summary

Tuesday, June 05, 2012

Family Matters: The Money Squeeze

Baby Boom Money Squeeze Is Set To Get Tighter

Maryland resident Ida Christian, 89, began showing symptoms of Alzheimer's disease in 2009. Her daughter, Geneva Hunter, and granddaughter, Yolanda, decided to take a hands-on approach to Ida's care. Ida lives with Geneva, and Yolanda quit her job to become Ida's daytime caregiver.

June 5, 2012 As this immense generation keeps aging, most will end up with dementia or other disabilities that require costly care. For individuals, families and taxpayers, this demographic shift will drain dollars and attention, and force extremely difficult decisions about living arrangements, as well as end-of-life care.

Summary

Friday, June 01, 2012

Business

Employment Growth Slows As Jobless Benefits Shrink

Aaron Moore completes a job application at a Los Angeles career fair on Thursday. Job growth has slowed sharply since the winter, the government said Friday.

June 1, 2012 May's higher unemployment rate and meager job creation couldn't have come at a worse time for the long-term unemployed. The unwelcome news arrives just as federal support for unemployment benefits is starting to fade.

Summary

Tuesday, May 22, 2012

Family Matters: The Money Squeeze

Part 6: Time To Move Grandma: What To Do With Her Home?

Frank stands outside his home in Glen Allen, Va., which he co-owned with his mother, Ida. The family recently sold the home in order to free up money for Ida's care.

May 22, 2012 Depressed home prices make the decision to move an aging relative even more difficult than normal. So what should be done with the house? Try selling in a depressed market? Or rent it until prices perk up? One family weighs a tough choice as it struggles to pay for a grandmother's care.

Transcript

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Friday, May 18, 2012

Business

JPMorgan's Troubles And The Price Of Eggs

Do complex Wall Street transactions ever do anything to help average people? To answer that question, we consider the case of an imaginary company, Chickens LLC, that's looking to grow.

May 18, 2012 JPMorgan Chase says it lost billions of dollars trading "synthetic derivatives." Do these complex Wall Street transactions ever do anything to help average people? To answer that question, we consider the case of an imaginary company, Chickens LLC, that is looking to grow.

Summary

Tuesday, May 15, 2012

Family Matters: The Money Squeeze

Paying For College: More Tough Decisions

Kelley Hawkins (center) smiles at her daughter Carley (left) as her other daughter, Chelsea (right), looks on, in their family home in Harrisburg, Pa.

May 15, 2012 From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age. But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.

Summary

Tuesday, May 08, 2012

Family Matters: The Money Squeeze

Part 4: Long-Term-Care Insurance: Who Needs It?

AnnaBelle Bowers' long-time physician, Walter Watkin, gives her a kiss on the forehead at the end of her visit. When asked how long she had been coming to see him, he said, "Long enough for her file to be 2 inches thick."

May 8, 2012 As the nation's roughly 78 million baby boomers move into old age, the need for long-term care will soar. But when it comes to long-term-care insurance, relatively few sign up. The policies can be expensive and some big insurance companies have stopped offering them.

Transcript

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