Tagged: Economy

John Connaughton, Director of the Babson Capital Economic Forecast, has joined us every business quarter this year to forecast the months ahead and to look back at the year so far. This quarter we'll look back over the whole year as well as taking a peek into economic health for North Carolina in 2013. We'll also look at how the fiscal cliff issue may affect North Carolina directly and whether Dr. Connaughton thinks a second recession is looming or whether we are on the road to recovery. Our economic year in review and a prediction of things to come, when Charlotte Talks.

Sheila Hemphill is a grant specialist with Charlotte Works. She interacts with a lot of job seekers – including many who have been unemployed for a very long time.

We hear about it every day; that debt clock that shows the amount of our national debt piling up every second. What is less clear is what it means. How damaging is a large national debt and what are the best ways to manage it?. One proposal is a national amendment that would give states certain rights to approve or disapprove an increase in the federal debt. We’ll talk with experts who will help us better understand the national debt, what causes it and what prompted introduction of the amendment proposal.

Headlines Thursday were full of news that Bank of America will cut 16,000 jobs by the end of the year. But the headlines can be misleading.

These layoff reports give the impression that every few months there's another major bloodletting at Bank of America. In fact, this latest 16,000 number - and others we've heard in recent months - are all part of the same job cuts announcement Bank of America made last September -  30,000 jobs it said it would cut.

At that time, Bank of America CEO Brian Moynihan described a plan to get the bloated bank back to its fighting weight.