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economy

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Europe debating how to restart economy, revive struggling euro

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With the new year, the quiet that has enveloped the eurozone crisis is starting to break. There's rising worry about how to get the economy restarted, whether Greece will carry through with its promised cuts and whether the E.U. can keep the crisis contained.
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Nicaragua's gold mining industry is booming, boosting country's economy

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As the price of gold stays at record high levels, it's caused a resurgence in the mining industry in Nicaragua. One of the Western Hemisphere's poorest countries, it's enjoyed the greatest growth in GDP in recent years because of gold mining.
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U.S. economy adds 200,000 jobs, sends unemployment lower

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More positive economic news on Friday as the Department of Labor announced that unemployment had reached its lowest level in three years and the economy had added 200,000 jobs.
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Iowa towns turning to foreign investment to restart economies

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In Fort Dodge, Iowa, a South Korean company is bringing a factory to town. Across the U.S. Midwest, communities are trying to lure foreign investment to get economies going again.
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Spain trying to improve economy by moving around its holiday

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Spanish officials say the country loses a lot of economic productivity when it has holidays fall during the middle of the week. To combat that, they're going to try moving all holidays to Mondays.
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As unemployment benefits claims decline, disability claims rise

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More than three million more people are now collecting Social Security payments because of disability then were in 2007. A new report from the Obama administration and others suggests that as people lose unemployment benefits, they're going after disability benefits.
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In Iowa, small towns struggling to reinvent themselves for a globalized economy

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Newton, Iowa, used to be the washing machine capital of the world. Then Maytag shut its doors and now the community is trying to figure out how it will revive its economy and add jobs.
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As police officers are laid off, on-duty officer killings skyrocket

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The number of police officers on patrol is at its lowest level in 12 years, and crime is at historically low levels, but the number of officers shot and killed in the line of duty is climbing dramatically.
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As Sears closes stores, looking at other brands that might not survive 2012

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Over the summer, 24/7 Wall Street predicted 10 brands that wouldn't survive to 2013. One of them was Sears and as the company's earning suffer and it prepares to close stores, it's worth looking at how some of the others have fared.
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Average net worth of Congressmen and women now $913,000

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A new report from the Washington Post has found that the net worth of a member of the House of Representatives has climbed 2.5 times in 25 years, while the net worth of Americans has been stagnant.
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