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WMPT Nightly Business Report September 13, 2011

this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening, and thanks for joining us. nearly one in six americans, or 46 million people, live in poverty. that startling number comes from a census report released today. it s more than 2.5 million more people than in 2009. susie: tom, that s the fourth straight increase, and the largest number of people living in poverty since record-keeping began 52 years ago. the report is also a reminder that all the efforts to jumpstart the economy are not helping the nation s poorest people. today s number represents just over 15% of the country. that s a nearly 1% jump from 2009. the government defines the poverty line as income of $22,000 a year for a family of four, and $11,000 for an individual. tom: when viewed all together, the numbers represent the severe and widespread financial strains in the u.s. steven ullman of the university o ....

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KQED Nightly Business Report September 13, 2011

the president sends his jobs plan to congress. it s nightly business report for monday, september 12. this is nightly business report with susie gharib and tom hudson. nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. susie gharib is off tonight. i m joined by my colleague suzanne pratt. suzanne, bank of america confirmed today it s planning a massive cost-cutting effort, including big layoffs. susie: tom, b. of a. c.e.o. brian moynihan said today that he s trying to reshape the nation s largest bank after a series of missteps. the restructuring plan is called project new b.a.c. it will slash 30,000 jobs from its consumer banking businesses. the goal is save $5 billion a year by the end of 2013. tom: is this the right medicine for ailing b. of a.? and what will it mean for the bank s compe ....

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KQED Nightly Business Report September 13, 2011

plan to congress. it s nightly business report for monday, september 12. this is nightly business report with susie gharib and tom hudson. nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. susie gharib is off tonight. i m joined by my colleague suzanne pratt. suzanne, bank of america confirmed today it s planning a massive cost-cutting effort, including big layoffs. susie: tom, b. of a. c.e.o. brian moynihan said today that he s trying to reshape the nation s largest bank after a series of missteps. the restructuring plan is called project new b.a.c. it will slash 30,000 jobs from its consumer banking businesses. the goal is save $5 billion a year by the end of 2013. tom: is this the right medicine for ailing b. of a.? and what will it mean for the bank s competitors? erika miller reports ....

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WMPT Nightly Business Report September 12, 2011

this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. susie gharib is off tonight. i m joined by my colleague suzanne pratt. suzanne, bank of america confirmed today it s planning a massive cost-cutting effort, including big layoffs. susie: tom, b. of a. c.e.o. brian moynihan said today that he s trying to reshape the nation s largest bank after a series of missteps. the restructuring plan is called project new b.a.c. it will slash 30,000 jobs from its consumer banking businesses. the goal is save $5 billion a year by the end of 2013. tom: is this the right medicine for ailing b. of a.? and what will it mean for the bank s competitors? erika miller reports reporter: whether it s the number of kids in a classroom or the amount of calories in a meal, bigger is not always better. bank of america believes the same rule applies to banking. the fi ....

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WETA Nightly Business Report January 29, 2011

this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. violent street protests in egypt sent shockwaves through financial markets around the world. egypt has been viewed as one of the most stable economies in the middle east, but now tom, there are serious concerns about that and the impact on the global economy. tom: susie, the turmoil roiled stock markets overseas and here in the u.s. the major stock averages fell 1% to 2%. oil prices rose sharply spiking nearly $4 to almost $90 a barrel. gold prices also surged as investors looked for safety: up $22 to $1,340 an ounce. susie: as tensions intensify in egypt, darren gersh looks at the implications for the global economy. reporter: the conditions that brought egyptians out in mass protests can be found across the middle east high inflation, high unemployment and little hope of change. at the center for stra ....

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