American Morning
College students work to create jobs in needy communities
The Campus Microfinance Alliance is a coalition of nearly a dozen student-run microfinance groups that have already lent more than $150,000 to disadvantaged entrepreneurs who need it most. Now, they are expanding the program even further.
Working as part-time cooks, cleaners, handymen, jewelry makers and seamstresses, the entrepreneurs the organization benefits work their trades throughout America. Long on talent and drive, these would-be entrepreneurs could revitalize urban economies.
Today on American Morning, Ali Velshi sits down with Campus Microfinance Alliance co-founders Rohan Mathew and Andy Postner and member Sinye Tang, to discuss the idea behind the organization.
Are we on the verge of another global financial meltdown? Matt McCall weighs in
Fears that we are headed toward another global financial meltdown intensified yesterday as the market tumbled following a pessimistic economic assessment from the Federal Reserve.
The sharp losses put the Dow on track for its worst weekly performance since September 2008, and forecasters polled by the Wall Street Journal this month gave the U.S. a one-in-three chance of slipping into recession over the next year.
Today on American Morning, Matt McCall, president of Penn Financial Group, talks to Christine Romans about the state of the financial markets and explains how investors should handle the downturn.
How can the government spur job growth? Two top economists weigh in
According to a report issued by the U.S. Department of Labor on Friday, the economy added 117,000 jobs last month and the unemployment rate fell slightly to 9.1 percent.
While these figures were better than expected, many Americans, particularly those 14 million who are out of work, continue to wonder when progress will be made in creating jobs.
Today on American Morning, Mark Zandi, chief economist for Moody's Analytics, and Christian Weller, senior fellow for the Center for American Progress, join Christine Romans to discuss what could spur job growth and to weigh in on how the White House is proposing to tackle unemployment.
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