Many Iraqi immigrants to the United States, fleeing their war-torn country, are struggling to find work here. Despite being well-educated, the tough economy has made it tough for them to convince employers to give them a shot.
Standard & Poor's, the debt rating agency that downgrades U.S. debt this summer has issued a warning that France, Germany and 13 other European Union countries, those using the Euro, may see their credit ratings reduced.
The U.S. Post Office unveiled a set of proposals Monday that would see the delivery time for most First Class Mail rise from one to two days to two to three days in an effort to reduce the quasi-governmental agency's ballooning deficits.
A proposal to extend the tax cut that was put in place to reduce the payroll taxes paid by every American failed in Congress on Thursday. But, there are negotiations underway that could lead to a compromise before time runs out at the end of the year.
The economy added 120,000 jobs and the unemployment rate dipped in November to 8.6 percent. In the past three months, 650,000 workers 16-24 finally found jobs. But is this a sign of a recovery, or another economic mirage.
With the economy still bumping along and a recovery still off in the future, many Americans over age 55 are continuing to work. More than ever, older Americans are staying in the workforce, which is making it harder for their children to find jobs.
Public sector employees in the United Kingdom left their jobs and took to the streets on Wednesday to protest what they say is unfair negotiating and an unfair plan to cut their pensions. The government says it needs the cuts to balance the budget.
According to their reporting, the Federal Reserve lent out as much as $1.2 trillion, virtually no strings attached, at very low interest rates to banks during 2008. The program had been shielded from public scrutiny and hidden even for Congress. The program netted banks a $13 billion profit.
Sales on Black Friday broke records. Sales on Cyber Monday broke records. The American consumer is spending again, but economists say it's not necessarily something to get too excited about.
Though he's still living, Nelson Mandela, the revered former leader of South Africa, makes fewer and fewer public appearances. Now 93, many South Africans are preparing for the day Nelson Mandela will no longer be alive.