September 2008 was one of the most shocking months in Wall Street's history. Lehman Brothers, AIG, Fannie Mae and Freddie Mac all fell from grace, and the stock market fell off a cliff. Five years later, host Michel Martin talks to Michael Fletcher of the Washington Post about whether anything has changed.
The news is close to, but a bit less strong, than what economists had been expecting. Within the report, though, was a troubling revision: It's now estimated that just 104,000 jobs were added to payrolls in July, not the 162,000 previously thought.
The new chairman of the Reserve Bank of India infused a sense of much-needed optimism this week, but analysts say the exuberance is unlikely to last. India's economic growth has crashed, its currency has plunged and prices are up. After a decade of high growth rates, India is now the sick man of Asia.
There's been a sort of collective freak-out in the auto industry about millennials and their waning interest in cars. Our series, reporting on the changing relationship between youth culture and the automobile, draws to a close.
Some G-20 members are worried the Federal Reserve will soon scale back the quantitative easing measures that helped to stimulate the U.S. economy during the Great Recession. An end to those policies might have a severe impact on countries such as Indonesia, which have benefited from the global economic growth that quantitative easing caused.
The jobless rate dipped to 7.3 percent in August as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated. This report has taken on special significance because it could affect the Federal Reserve's plan to begin phasing out its bond-buying program.
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