Oct 24th, 2008 · Two games into the World Series, many fans are still wondering whom to pull for. What you really need, says Mike Pesca, is a formula. It takes into account famous beloved underdogs of the past; payrolls; the use of rookies; the appeal of each team's manager — and their mascots.
Oct 7th, 2008 · The government announced Tuesday that it plans to buy huge amounts of short-term debts from companies. The Fed will buy "commercial paper," a short-term financing mechanism that many companies use to finance their day-to-day operations, like meeting payroll or purchasing supplies.
Oct 7th, 2008 · The Federal Reserve announced Tuesday a dramatic plan to buy massive amounts of short-term debts in an effort to break through the country's credit clog. Officials say the Fed will buy "commercial paper," a short-term financing mechanism that many companies rely on to finance their day-to-day operations, such as purchasing supplies or making payrolls. The market for this crucial financing, which relies on investors rather than banks, has virtually dried up.
Oct 3rd, 2008 · Job losses mounted in the September unemployment report. The Labor Department says businesses cut 159,000 jobs from their payrolls. That's a lot worse than in July and August, a trend that has many economists concerned.
Oct 3rd, 2008 · Data from the Labor Department Friday showed September was the nine straight month of job losses. The nation's unemployment rate held steady at 6.1 percent. However, employers slahed payrolls by 159,000 last month. The biggest losses came in the construction and manufacturing industries.
Aug 1st, 2008 · Unemployment is at its highest level in four years. The Labor Department says the U.S. jobless rate climbed to 5.7 percent in July. Employers cut payrolls for a seventh month in a row. That brings losses for the year to 463,000 jobs.
Jul 9th, 2008 · Two smaller-market Major League Baseball teams, the Tampa Bay Rays and the Milwaukee Brewers, are quickly emerging as major contenders against more established teams with larger payrolls, such as the New York Yankees and the Boston Red Sox. To find out why, Steve Inskeep talks with Buster Olney, senior writer at ESPN Magazine.
Jul 3rd, 2008 · The U.S. economy lost jobs for the sixth straight month in June. The Labor Department says employers cut 62,000 jobs from their payrolls. The unemployment rate was unchanged at 5.5 percent. The data were in line with economists' expectations.