UNEMPLOYMENT

Natural Gas: Can It Displace Oil in the U.S.?

U.S. Energy
The energy-thirsty United States is on the hunt for a game-changing energy source or energy usage technology -- and batteries and fuel cells are strong candidates. But their mass use could be 20 years away. Meanwhile, a conventional source may bridge that gap, or provide even more upside: natural gas.
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U.S. Treasury Secretary Tim Geithner

Geithner Presses EU to Act Decisively, Speak as One

Treasury Secretary Timothy Geithner told EU finance ministers on Friday they should end loose talk about a euro zone break-up and work more closely with the European Central Bank to tackle the debt crisis.
Treasury Secretary Geithner delivers opening remarks at the Treasury Department's Counter-Terrorist Financing Symposium

Geithner Presses Euro Zone to Leverage Bailout Fund

Treasury Secretary Timothy Geithner pressed euro zone ministers on Friday to leverage their 440 billion euro bailout fund and free up more resources to tackle a two-year-old debt crisis, a senior euro zone official said.
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Southern California union takes major step toward strike

The union representing many of the 62,000 workers at Ralphs, Vons and Albertsons supermarkets in southern California issued a required 72-hour notice of its plan to cancel its extended contract, a move that could pave the way for a strike.
File photo of a man looking at employment opportunities at a jobs center in San Francisco

Weekly Jobless Claims, Manufacturing Figures Show Weakening U.S. Economy

Claims for unemployment benefits last week rose more than expected, hitting their highest level in more than two months. In addition, manufacturing in a key northeastern region fell more quickly than expected, developments that may pressure the Federal Reserve to try to stimulate business activity.
U.S. Republican presidential candidate Texas Governor Rick Perry

Republicans Favor Perry, But Obama Still Leads Over GOP Nominees: Poll

In the latest Bloomberg News Poll on the 2012 election, Republican and Republican-leaning Independent voters favor Texas Gov. Rick Perry over former Massachusetts Gov. Mitt Romney, but in the poll's entire sample, the public still favors President Barack Obama over any GOP nominee.
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Is Retaining Greece in Eurozone a Right Move?

France and Germany have assured to support continued membership of Greece in the euro zone with the Greek Prime Minister vowing to persist with austere cuts in the struggling country’s budget.
U.S. Economy

5 Factors that Could Lead to a Slow-Growth U.S. Economy

It's a scenario that many Americans, if not most, probably do not want to hear about: the United States enters an era called a new normal slow-growth economy -- perhaps for as long as a decade. What are the factors likely to cause it? And is there anything that can prevent it?
Margaret Thatcher

British Unemployment: Far Worse During Early Days of Thatcher

In January 1982, the UK government reported that about 3.07 million Britons were out of work, or about 1 out of 8 adults. Yet while the current unemployment picture looks very grim indeed, it pales in comparison to what Britain faced 30 years ago.
David Weprin

Republican Wins New York House Race; Victory Seen as Message to Obama

Amid presidential election season, Republicans dealt a sharp blow to Democrats Tuesday, as Republican Bob Turner won a special House election in New York. The Republican victory, in the race to fill the seat vacated by scandal-plagued Anthony Weiner, gives Republicans a victory in the district that President Barack Obama won with 55 percent in the 2008 election, and one Democrats have held for four years.
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Census: U.S. Poverty Rate Escalates to Nearly 1 in 6

The number of the poor in the U.S. has swelled to almost 1 in 6 people last year, attributed mostly to the soaring rate of unemployment, while the number of uninsured rose to 49.9 million, the highest in more than two decades.

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