Page 47 - Debt Problems News Today

8:00 p.m. we call him the cheap kahuna. >> you didnt like the lines to buy a $500 i guess got to have item. why not. >> i dont mind seeing them. its interesting. i thought we were in a recession, number one. ha ha. i know from doing financial counseling theres a percentage of people in line that dont need a $500 toy. theyre families havent been taken care of, they have debt problems and theyre being i immature and they have to have the latest, greatest thing. its a cool piece of technology, like...

Lasting for two whole years. think about the tourism that could bring to a cash-strapped iceland. back to you. >> all right, jim maceda, thank you. a quick look at your economic headlines. stocks finishing mixed on friday after the south korean chip incident rattled investors. on monday investors will continue to keep a close eye on european debt problems after 16 nations agree to fund a bailout for greece. a flurry of economic reports are due out as well. well get numbers on march auto sales ...

. all right. today wall street gets new unemployment numbers. alison kosik is in new york with details on this. >> hi, fred. exactly. the latest figures were getting are showing that layoffs are slowing. thats sort of the nugget of good news. the number of people filing for unemployment benefits for the first time fell by 5,000 to 457,000 last week. theres the opening bell. all this news, of course, could affect trading today. by the way, this is the third straight week weve seen a decline in ...

Without tapping into a line of credit so the tax break in the bill will help him. on wall street, debt problems in greece and high unemployment here are worrying investors. a new report shows another 457,000 people filed for unemployment last beak and those are just first-timers. many are still collecting unemployment over the long term and were deep in the rough for jobs and wall street taking it pretty well. the dow up about 18 points and the nasdaq down just a bit. fred? >> alison, thanks so ...

Estate. >> those are the biggest problems along with the interest rates. biggest problem is the problem with the debt problems that have cropped up in europe. starting with greece but hitting spain, portugal, ireland. if these become manifest, its going to reverberate here because our banks will be on the hook. meanwhile speaking of banks, the commercial real estate has not taken the same hit that homeowners took over the course of the last two years, weve got that problem ahead. theres too much...

One agency already last night sent out word that 2,000 furloughed workers in the department of transportation should come back to work. thats already getting started. now on the politics of this, this of course was all about jim bunning, the republican from kentucky. he argued all along that he supported passing this package, but he wanted it to be paid for. not add to the deficit. heres the argument he made right before these votes. >> we must get our debt problems under control and there is no...

Of course, our thoughts go out to the crew at the moment and families of the crew on board that ship. youre quite right in also suggesting that a ransom was not immediately forthcoming, they could use the ship to perhaps a mother ship in other pirating operations. >> so if youre wondering how much the ransom could be, this was a saudi super tanker, larger than this ship were talking about now was hijacked in 2008 released for $3 million ransom, that ship was filled with oil. last night he fina...

Benefits extension and some government employees can get back to work. the retiring republican from kentucky had been a one-man no-show. he blocked the $10 billion emergency measure. he said it should be paid for, not passed down. >> we must get our debt problems under control and there is no better time than now. that is why ive been down here demanding that this bill be paid for. >> the senate vote to pass the measure -- voted, rather, to pass the measure by a 78-19 vote. so one argument we he...

To support the unemployment benefits, the health care benefits and even highway projects that were hurt by the blocking of this money. now, one agency already last night sent out word that 2,000 furloughed workers in the department of transportation should come back to work. that is already getting started. on the politics of this, this was all about jim bunning, the republican from kentucky. he argued all along that he supported passing this package, but he wanted it to be paid for, not add to ...

Is to make the point that he wants these benefits to go through but not without being paid for. he didnt want it to add to the deficit. listen to the argument he made on this point earlier tonight on the senate floor. >> we must get our debt problems under control and there is no better time thank now. that is why ive been down here demanding that this bill be paid for. i support the programs in the bill we are discussing and if the extension of those were paid for, i would gladly support the bi...