Geithner: Growth process beginning

(NECN/APTN: St. Andrews, Scotland) - Finance officials from rich and developing countries pledged on Saturday to maintain emergency support for their economies until recovery is assured and committed themselves to urgent action on tackling climate change.

Treasury Secretary Timothy Geithner said the "process of growth is now beginning" but warned that ending stimulus measures too early would be damaging to the economy.

Your Town: How New Britain is faring amid down economy

|

(NECN: Brian Burnell, New Britain, Conn.) - Stanley Tools was founded in New Britain, Connecticut 150 years ago. Over the years, Stanley's footprint has shrunk as has its work force in New Britain.

NECN's Brian Burnell takes the pulse of New Britain in a down economy.

Recession hits painful milestone: Double-digit unemployment

|

(NECN: Peter Howe, Boston) - A painful milestone in this recession: Double-digit unemployment. New figures released yesterday showed the U.S. jobless rate at 10.2 percent, the first time it's been over 10 percent since 1983 after 22 straight months of job losses.

President Obama, signing legislation to extend to as many as 99 weeks the time period unemployed Americans can collect job benefits, called it "a sobering number that underscores the economic challenges that lie ahead.''

Tips: Logan Airport's hidden gems

|

(NECN: Boston, Mass.) - In this "Talk Around the Globe" segment, we're offering an insider's guide to Logan Airport. The Boston Globe Magazine is coming out with an issue chock full of tips and advice on everything from parking to eating to shopping and relaxing at Boston's airport.

Elizabeth Gerhman joins NECN with a preview.

Market Analysis with Jim Lowell

(NECN) - Despite the increase in the nation's unemployment rate, investors found some positives in the market today, and stocks finished with modest gains.

The Dow Jones industrial average closed at 10,023-- gaining 17 points.

The Nasdaq composite finished at 2,112-- picking up seven points.

The S-and-P 500 ended at 1,069-- up more than two points.

Regionally -- Bloomberg’s New England index was up three quarters of a point.

The New England tech stock index gained one.

Jim Lowell, Chief Investment Strategist at Adviser Investments has Friday’s Market Analysis.

Oxfam provides farm insurance in Africa

(NECN) - Weather has put a damper on the harvest of crops like corn and soybeans.

Farmers have been forced to spend money on things like grain dryers and the hundreds of gallons of propane needed to fuel those machines.

Still -- most American farmers have crop insurance to protect them when the weather doesn't help their output.

And now -- Boston-based Oxfam America is extending similar protection to farmers overseas.

The global development organization has made drought insurance available to about 200 households in Ethiopia.

MHT: Google in Boston

(NECN) - Eric Schmidt, CEO of Google says the company is growing rapidly in the Bay State, and Boston may be the place for the next big IT company.

Mass High Tech reporter Galen Moore reports on Google in Boston.

Obama: Government working to ease pain of unemployment

|

(NECN: Washington) - President Barack Obama this morning signed into law a bill that will help "grow our economy, save and create new jobs and provide relief to struggling families and businesses."

The national unemployment rate has hit the double-digit mark. The jobless rate hit 10.2% last month, the highest since 1983. The rate was 9.8% in September.

Obama noted legislation he's signing to provide additional unemployment benefits to people thrown out of work. And he said, "I will not rest until all Americans who want work can find work."

Jobless rate surpasses 10 percent

WASHINGTON (AP) - The unemployment rate has surpassed 10 percent for the first time since 1983 - and is likely to go higher.

Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended. The Labor Department says the economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September.

But the loss of jobs exceeded economists' estimates. It's the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.

Ask Jennifer: 401(k), IRA Roth questions

(NECN) - Certified financial planner Jennifer Lane of Compass planning joins us from our Suffolk University, NECN downtown Boston studios to discuss 401K accounts, IRA Roth rule changes, and more.

If you have questions of your own, email them to Jennifer@necn.com. Make sure you join us the first Friday of the month for her answers. Your question could be featured on TV!

Syndicate content


© 2009 NECN and Use Labs. All Rights Reserved. · Terms of Use and Privacy Statement