Jan 3rd, 2009 · Amid prospects of a prolonged economic downturn, startup companies are having far more trouble finding cash. In the first three quarters of 2008, only six venture-backed companies held initial public offerings, compared with 86 IPOs in 2007.
Jan 2nd, 2009 · Western countries are calling on Russia to resolve its dispute with Ukraine over natural gas prices. Moscow has shutoff gas supplies to Ukraine for a second day. Energy companies in Europe say their flow of Russian gas hasn't been affected. Concern, however, is mounting that a prolonged standoff may threaten deliveries to Western Europe.
Dec 16th, 2008 · The Federal Reserve on Tuesday cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The Fed slashed its key short-term interest rate to a range of zero to 0.25 percent. That's down from the 1.0 percent target set Oct. 29.
Nov 26th, 2008 · This week we look at the state of the social safety net in the United States. Given the forecast of a prolonged economic downturn, the country will have to rethink social services such as unemployment insurance, healthcare, and retirement. Michael Flood, Executive Director of the Los Angeles Regional Food Bank, discusses the state of the food bank system.
Nov 25th, 2008 · This week we look at the state of the social safety net in the United States. Given the forecast of a prolonged economic downturn, the country will have to rethink social services such as unemployment insurance, healthcare, and retirement. Jeff Zinsemeyer from the Doorways to Dreams program, shares his thoughts.
Nov 24th, 2008 · Given the forecast of a prolonged economic downturn, the country will have to rethink social services such as unemployment insurance and welfare. Princeton economist Alan Blinder offers suggestions on how to rework the social safety net.
Oct 29th, 2008 · The Federal Reserve, citing a marked slowing in the economy and consumer spending, cut interest rates for the second time in three weeks, in hopes of preventing a prolonged recession. The half-point cut brings the fed funds rate to 1.0 percent, the lowest since 2004.
Oct 29th, 2008 · The Federal Reserve is expected to cut interest rates Wednesday by at least a half-percentage point to 1 percent. Economists believe the Fed will cut rates because of the current financial turmoil and fears that there might be a prolonged recession.