Search results for

The Labor Department says the U.S. economy lost more than a half-million jobs in November. It was the steepest drop in nearly a quarter-century. Figures show that 533,000 jobs were lost last month, pushing the unemployment rate to 6.7 percent. That's a 15-year high. It's proof that the recession, already a year old, is getting deeper.

The Big Three automakers have presented their plans to Congress for how they will restructure themselves to make them worthy of a congressional bailout. Ford says it wants a $9 billion standby line of credit; GM has sought $12 billion. Chrysler is expected to ask for $7 billion.

Anger and indignation are building in Mumbai in the wake of the terrorist attacks that left nearly 200 dead and hundreds more wounded. The people of Mumbai are sending text messages, calling for a mass protest rally Wednesday.

Japan's main index fell more than 6 percent. South Korea was down more than 3 percent. Hong Kong's main stock average fell nearly 5 percent, partly on grim economic news out of China. The drop in world markets follows a nearly 8 percent plunge in the Dow, after the National Bureau of Economic Research issued a report declaring that the U.S. officially is in recession.

After the author came to the United States from the Dominican Republic, he says, he became obsessed with his home country. Diaz eventually adjusted and learned about the new culture by reading.

Lawmakers are demanding that GM, Ford and Chrysler submit a plan for improvements before Congress will consider a $25 billion aid package for the auto industry. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid say if there's a viable plan, Congress might return to work early next month for a vote. Some lawmakers wanted Congress to stay in session.

Economists say falling prices are a sign that the economy isn't doing well. Slowing consumer demand is behind the fall in oil prices, which are heading toward $50 a barrel. The government reported Wednesday that prices for consumer goods are eroding at a record pace. A short while ago, inflation seemed to be the danger. Economic policymakers now are fretting about deflation.

Bronx-born jazz clarinetist and composer Don Byron recently celebrated his 50th birthday. To commemorate the occasion, we listen back to previous interviews and performances featuring the performer.

The Labor Department has said the nation's unemployment rate rose to 6.5 percent in October, its highest rate in 14 years. The report said 240,000 jobs were lost, worse than expected. This year, 1.2 million jobs have been lost.

The Labor Department reports that the nation's unemployment rate rose 6.5 percent last month. The number of jobs lost were a lot higher than expected. The report indicates that the downturn in the economy this year has been even deeper and more dramatic than most economists had expected. The jobless rate is at a 14-year high.