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economy
United States' Mood Suffering With Economy [VIDEO]
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Obama's Deficit Plans Run Into Economic Reality
By not in system - AOL NewsLOS ANGELES -- President Barack Obama headed west to sell his big picture deficit-reduction plan. But many people are waiting for a quick fix to their own economic problems caused chiefly by persistent unemployment and the crippled housing market. Audiences in California and Nevada understood why it's important to get a handle on the deficit over the long term. Yet they made clear that the economic recovery hasn't fully taken hold in ways that are meaningful to them. As Obama shifts into re-election mode, he will need to show that he hasn't lost his focus on jobs even as the conversation in ...
Jury Convicts Executive in $3B Mortgage Fraud Case
By not in system - AOL NewsALEXANDRIA, Va. -- A jury on Tuesday convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation's financial crisis. Prosecutors said Lee Farkas led a fraud scheme of staggering proportions as chairman of Florida-based Taylor Bean & Whitaker. The fraud not only caused the company's 2009 collapse and the loss of jobs for its 2,000 workers, but also contributed to the collapse of Alabama-based Colonial Bank, the sixth-largest ...
Job Openings Rise to Highest Point Since September 2008
By not in system - AOL NewsWASHINGTON -- Businesses in February posted the largest number of job openings in more than two years, evidence that hiring is picking up as the economy grows. The Labor Department said Wednesday that employers advertised 3.1 million available jobs that month, the most since September 2008. That was the height of the financial crisis, when Lehman Brothers collapsed. The competition for those jobs is easing, though still intense. The department's report shows that there were 4.4 people, on average, competing for each available job in February. That's down from nearly 7 in July 2009, but still ...
Will High Gas Prices Disrupt the Economic Recovery? [VIDEO]
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Workers Brace for Effect of Government Shutdown
By not in system - AOL NewsLITTLE ROCK, Ark. - A weather forecaster says he may have to live off the money he's been setting aside for a Caribbean vacation. A worker in Washington hopes to polish his resume so he can retire from public service and work in the private sector. An accountant wonders if she can put off her mortgage for a month. Federal workers like them across the U.S. will be out of work and without a paycheck if the looming government shutdown isn't averted. Some say they will make the best of it, using the spare time to get a few things done. Others are far more fearful of how they'll provide for their ...
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