Chairman: IMF is Key to Solving Economic Crisis

Domonique Strauss-Kahn, chairman of the International Monetary Fund, applauds governments for being proactive in stopping financial crisis through stimulating the economy. However, the governments must continue to act in this manner or the world faces the fate of a longer and deeper recession. Also, he stresses how the International Monetary Fund is key to guiding world out of the recession. (0:28)
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Youth digging themselves in a hole

by Christina Lovato, University of New Mexico-Talk Radio News Service

This afternoon at a discussion on a new health and financial site called Qvisory, Anna Greenburg, the Senior Vice President of Greenberg Quinlan Rosner Research, said that younger people are suffering worse from the economic situation than older people. Greenburg said that even though this recession is affecting everybody, the way it affects young people has the potential impact to affect what their financial lives look like 20, 30 and 40 years from now. (01:16)
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The unemployment crisis

By Michael Ruhl, University of New Mexico – Talk Radio News Service

Correspondent Michael Ruhl reports on the recent release of the unemployment statistics for March.

Long segment: (01:00)
Short segment: (00:32)
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The unemployment statistics for march

By Michael Ruhl, University of New Mexico – Talk Radio News Service

Bureau of Labor Statistics Commissioner Keith Hall testifies before Congress on the nation's unemployment numbers from March 2009, and how the recession has affected employment.

Hall said that unemployment numbers have climbed from 8.1 percent to 8.5 percent, and that the industries hardest hit are manufacturing, construction, and temporary services.

(00:34)
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Licensed Professionals Who Commit Fraud Should Be Made Example Of

By Kayleigh Harvey - Talk Radio News Service

This was a statement made by Neil Barofsky, Special Inspector General for the Troubled Assets Relief Program, at a Senate Judiciary hearing, in response to a question posed by Senator Edward Kaufman (D-Del).
February 11, 2009.
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Fraud contributed to economic crisis

By Kayleigh Harvey - Talk Radio News Service

This was an answer given by Neil Barofsky, Special Inspector General for the Trouble Assets Relief Program, at a Senate Judiciary Hearing, when asked by Committee Chairman Partrick Leahy (D-Vt), whether or not he thought fraud contributed to the economic crisis.
February 11, 2009.


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"A severe recession in 2009 and 2010 will be a prelude to a dramatic recovery"

David Frum of the American Enterprise Institute discusses how a recession could lead to an economic recovery and could potentially benefit Democrats.
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Recession may last two years

Nouriel Roubini, professor of economics at New York University’s Stern School of Business, says that the current recession may last for up to two years, and will be more severe than the average recession without a fiscal stimulus package (0:34).
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Bernanke declines to answer if U.S. is in a recession

Representative Rosa L. DeLauro (D-Conn.) asked Federal Reserve Chairman Ben Bernanke if the U.S. is in a recession. Bernanke was reluctant to answer, but said the economy is in a serious slowdown regardless of what it is called (0:30)
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Middle class is losing money fast

At a press conference, Rep. Steve Israel (D-N.Y.) discusses the decrease in median household income and the economic struggle of the middle class. (1:02)
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The U.S. recession began 4 years ago, says Emmanuelle

Rep. Rahm Emmanuelle (D-Ill.) talks about cost of living and median household income under the Bush Administration.(0:34)
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Bush says economy growing

President Bush says he is not an economist and, in reference to claims of a recession, tells the press it is not either. He says good policies strengthen the US economy and adds his belief that the US economy is growing.
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Edwards calls for second stimulus package

Former Senator John Edwards (D-N.C.) calls for a second stimulus package that would help Americans’ struggle with energy costs and prevent states from from encountering budget crises, saying that the potential to change lives is great. (0:51)
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“Job losses continue to be widespread” acknowledges Bureau of Labor Statistics Deputy Commissioner

Deputy Commissioner of the Bureau of Labor Statistics Phillip L. Rones talks about the overwhelming unemployment statistics the American economy is experiencing. He says that unemployment increased in construction, manufacturing, retail trade, and temporary health services. (1:01)
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Dodd discusses credit card debt

Senator Christopher Dodd (D-CT) discusses credit card debt at CARD press conference. (0:37)
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Speaker Pelosi discusses the effects high gasoline prices have on America

House Speaker Nancy Pelosi talks about high gasoline prices at her press conference with children and media for National Take Your Kids to Work Day. (0:59)
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IMF economist predicts "minor contraction," then "slow recovery" for U.S.

At the Housing Crisis and Lessons for Monetary Policy discussion hosted by the Brookings Institution, Economic Counselor and Director of the International Monetary Fund Simon Johnson predicts a "minor contraction" for the U.S. economy this year, followed by a "slow recovery" next year. He also talks about the spillover effects of the U.S. housing market into other nations, and predicts a decline in global growth projection. (0:43)
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Chairwoman Maxine Waters (D-CA) discusses how "consumers have little leverage" in the loans they recieve

Congresswoman Maxine Waters (D-CA), chair of the House Subcommittee on Housing and Community Opportunity, discusses the problems concerning consumers stuck in the foreclosure crisis at a hearing on foreclosure prevention and sound mortgage servicing. (0:33)
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The Center on Budget and Policy Priorities holds conference call to compare the House and Senate housing relief tax packages

The Center on Budget and Policy Priorities held a conference call to compare the House and Senate housing relief tax packages. Aviva Aron-Dine, Barbara Sard, and Robert Greenstein, executive director of CBPP spoke during the briefing. (47:32)
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Senator Sherrod Brown (D-OH) Links Foreclosure Crisis, Presidential Election

Senator Sherrod Brown (D-OH) says the foreclosure crisis and the presidential race will both hinge on whether the nation wants to continue spending in Iraq at the expense of domestic programs for economic relief. (0:55)
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