World News Center
California workers stiffed again
July 29, 2010California's 200,000 state workers just can't catch a break.
Cities threaten to cut 500,000 jobs
July 29, 2010Cash-strapped cities and counties have been cutting jobs to cope with massive budget shortfalls -- and that tally could edge up to nearly 500,000 if Congress doesn't step up to help.
Pain, but no gain: local governments face budget doom
July 29, 2010State and local governments are facing a vicious cycle thanks to our financial crisis. Since home prices haven't really recovered, tax revenues are down. Since tax revenues are down, governments are cutting jobs, which means cutting services to homeowners. That means governments are spending less money in their communities, and employing less people, perpetuating the decline in property values that caused tax revenues to decrease in the first place.
Fed report: Recovery steady, but modest
July 29, 2010The economy showed continued signs of modest improvement in recent months, the Federal Reserve said Wednesday in its latest snapshot of regional economic conditions.
Investing in the world's best balance sheets
July 29, 2010At the G20 summit in Toronto last month, the leaders of world's largest economies embraced a brave new theme: Halting the alarming, potentially ruinous growth in already mountainous sovereign debt.
Employers get tough on insuring 'family'
July 29, 2010Think your whole family is covered by your company health plan? Get ready to prove they're actually your kin.
Home ownership falls to lowest level in 11 years
July 29, 2010The number of Americans who own homes fell in the second quarter of the year to the lowest level since 1999, said a government survey released Tuesday.
Top 10 consumer complaints
July 29, 2010Landlords who won't exterminate roach-infested apartments. Debt collectors' harassing phone calls. Companies that sell timeshares for a fee -- then disappear with the money.
The fear economy
July 29, 2010FDR said we have nothing to fear but fear itself -- and even though we're a long way from the Great Depression, uncertainty about the economy is proving pretty scary, and a major drag on the recovery.
SEC: More transparency coming
July 29, 2010The Securities and Exchange Commission will make it easier for the public to join in the rulemaking discussion, as required by the new Wall St. reform law.
