ECONOMY

Economy

New GDP Numbers Won't Be Enough To Repair All Economic Damage

11:15am October 29, 2020

by Scott Horsley

The Commerce Department reported record-setting economic growth during the most recent quarter. But the economy is far from healthy, after a record-shattering collapse earlier this year.

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News Brief: Michigan's Great Divide, Economic Outlook, ISIS Fighter Identified

5:59am October 29, 2020

Michigan judge blocks ban on open carry of guns at polls on Election Day. Strong GDP numbers won't repair all economic damage. And, NPR identifies ISIS fighter at the center of Navy war crimes trial.

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The U.S. flag hangs outside the New York Stock Exchange earlier this month. Investors have been grappling with a wave of uncertainty that's sent the market lower in recent weeks.

Economy

Dow Plunges 943 Points; Steep Sell-Off Is Triggered By Fears Of More Lockdowns

4:26pm October 28, 2020

by Jim Zarroli

The Dow tumbled more than 900 points as COVID-19 cases surge in the United States and Europe, while next week's election is only adding to the uncertainty over the economy.

Steve Davis is a longtime advocate for the poor. In his new book, Undercurrents: Channeling Outrage to Spark Practical Activism, he writes about five promising trends that could help lift people out of extreme poverty.

Why A Champion For The Very Poor Is Not Pessimistic. In Fact, He's Optimistic!

4:00pm October 28, 2020

by Nurith Aizenman

Steve Davis lays out the reasons for his (relatively) rosy outlook In his new book: Undercurrents: Channeling Outrage to Spark Practical Activism.

The number of women in the workforce overtook men for a brief period earlier this year. But the uncomfortable truth is that in their homes, women are still fitting into stereotypical roles of doing the bulk of cooking, cleaning and parenting. It's another

Stuck-At-Home Moms: The Pandemic's Devastating Toll On Women

2:36pm October 28, 2020

by Pallavi Gogoi

Women have made great strides. But the uncomfortable truth is that in their homes, they are still fitting into stereotypical roles of doing the bulk of housework and parenting.

A store advertises discounts in Santa Monica, Calif., on July 28 amid the coronavirus pandemic. Economic growth data on Thursday are expected to show a record-setting figure for the third quarter, but that covers the more worrisome picture underneath the

Last Report Card On U.S. Economy Before Elections Will Be A Blockbuster

11:38am October 28, 2020

by Scott Horsley

The U.S. is expected to report record-setting economic growth in the most recent quarter. But that won't repair all of the damage done during the spectacular downturn three months earlier.

Farida Mercedes and her two sons Sebastian, 5, (left) and Lucas, 7, stand in their backyard in Fairlawn, N.J. Mercedes left her job as an assistant VP of HR at L'Oreal in August after working there for 17 years. As hundreds of thousands of women dropped o

'My Family Needs Me': Latinas Drop Out Of Workforce At Alarming Rates

4:17pm October 27, 2020

by Scott Horsley

Women are leaving the workforce at four times the rate of men. The shift is especially pronounced among Latina women, and that could have lasting effects for the broader economy.

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Big data is revealing a dark side to the recovery.

The Dark Side Of The Recovery Revealed In Big Data

1:06pm October 27, 2020

by Greg Rosalsky

The way the government tracks recessions is largely the same as it was 70 years ago. A research group is working to change that and is revealing a lot about the lopsided recovery along the way.

Mattress Mack and his World Series bet. (Background image from vecteezy.com)

Economy

Why A Man Dressed As A Mattress Needed To Win A $9 Million Sports Bet

9:53am October 27, 2020

by Bronson Arcuri

A furniture salesman used a sports bet as insurance.

Paris is under nightly curfew, starting at 9, to curb the spread of rising coronavirus cases.

You're Not Welcome Here: How Social Distancing Can Destroy The Global Economy

9:55pm October 26, 2020

by Pallavi Gogoi

There's a curfew in Paris, and Londoners aren't allowed to invite neighbors to dinner. People are already exhausted of social distancing, but some places are introducing even more draconian measures.