Job Lossesaudio & video

Notebook: State Budgets

video

20 Nov 2008

Notebook: State Budgets 

Many states across the U.S. are facing severe deficits in 2009. Katie Couric has more on the need for creative solutions during tough economic times.

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[0:21]..." lay -- and hiring freezes the recent state budgets are strapped. Higher unemployment means lower income tax revenue an empty stores mean less cash from sales tax. Three quarters of the states are facing deficits "...

timeline

1:00

Massachusetts foreclosure rate still sky high

audio

20 Nov 2008

Massachusetts foreclosure rate still sky high 

WBZ New England Business Editor Anthony Silva talks with Vincent Valvo, group publisher at The Warren Group.

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[3:22]..." that in addition to you know home debt but we're having rising unemployment that's putting people more financial blind. You're also looking at people who. If they were stretched by this home in the first "...

timeline

5:34

Light at end of tunnel? Part 2

audio

20 Nov 2008

Light at end of tunnel? Part 2 

More from Moody's economist Mark Zandi who spoke in Boston about whether there's a light at the end of the tunnel. This is part 2 of 2.

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[14:16]..." Over twelve million homeowners now underwater on their loans and given an unemployment is as I said and -- at least 8%. That's a lethal mix and so we need a much broader more comprehensive "...

timeline

18:36

Light at end of tunnel? Part 2

audio

20 Nov 2008

Light at end of tunnel? Part 2 

More from Moody's economist Mark Zandi who spoke in Boston about whether there's a light at the end of the tunnel. This is part 2 of 2.

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[14:16]..." Over twelve million homeowners now underwater on their loans and given an unemployment is as I said and -- at least 8%. That's a lethal mix and so we need a much broader more comprehensive "...

timeline

18:36

Is there a light at the end of the tunnel?

audio

20 Nov 2008

Is there a light at the end of the tunnel? 

Moody's economist Mark Zandi spoke in Boston about his economic predictions.

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[3:16]..." is playing off and increasingly more aggressively into the last two months. Job losses have been well over 200000 and initial claims for unemployment insurance. At least through early November suggest. That we will see another couple 300000 jobs lost in November. Maybe even may even "...

[2:35]..." of the post World War II recessions -- we're already there. The job losses are very broad based across lots of different industries it's now easier to list industries that are still hiring. And that would "...

[13:42]..." are the millions of homeowners that are under water. Combined with rising unemployment. Which is precipitating -- the necessary condition in underwater homeowners and eight a series of fishing conditions for default and rising unemployment. And you can see it's the very significant foreclosure problem. This is. Undermine the financial system. The losses. On these mortgage loans. "...

timeline

30:31

Before the Bell 11/20/2008

audio

20 Nov 2008

Before the Bell 11/20/2008 

An early look at the market with Financial Editor Dave Caruso.

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[0:23]..." jobs numbers and they knew that nothing much this morning so. The unemployment claims jumped about 27000 for the week to moving average of about 540000. And that takes a similar level of recession back "...

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2:49

Advice for the unemployed

audio

20 Nov 2008

Advice for the unemployed 

Author Martha Fields talks with Deb Lawler about advice she would give for people when they are laid off.

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[1:57]..." headlines is that you know what we have a six point 5% unemployment rate means that 93 point 5% people are employed. We also know that there are certain jobs will we have skill shortages "...

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3:12

My WBZ Morning Headlines 11/20/2008

audio

20 Nov 2008

My WBZ Morning Headlines 11/20/2008 

World markets staggering after yesterday's drop on Wall Street. Details on this and more top morning stories.

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[2:02]..." of the excess costs that make them not competitive that mean. Ongoing job losses get these companies in a competitive positions so they can stay. And grow and add jobs that's the course and that and "...

[2:33]..." without an extension more than a million Americans will have exhausted their unemployment insurance by the end of the year. Six people three of them children are homeless this morning after early morning Dorchester fire "...

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6:52

Solving the mortgage meltdown

audio

19 Nov 2008

Solving the mortgage meltdown 

A former federal banking official spoke about the mortgage mess at the Greater Boston Chamber of Commerce breakfast Wednesday.

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[3:48]..." lives of states of universities. Are hospitals. Of individuals. You name it. Unemployment unemployment is risen may rise some more. Consumers heads literally. Halted their spending. In fear. About what the future migrant. And now we "...

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20:15

State ranks first on competitiveness

audio

19 Nov 2008

State ranks first on competitiveness 

WBZ's Lisa Meyer talks with Dr. Jonathan Haughton at the Beacon Hill Institute about Massachusetts' showing in the Institute's 8th annual Competitiveness Report

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[2:19]..." in the short term. Housing prices on those sales don't know the unemployment rate at the behind the rest of the country is now beginning to rise here we know that the state is worried "...

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5:04

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