Word: carolinas
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Dates: during 2000-2009
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...stock market history. So why Bernanke's change of heart? He responded to that question quite plainly: "It's an extraordinary time. This is a chance for me, I think, to talk to America directly." Speaking with Pelley from the Federal Reserve and his hometown of Dillon, South Carolina, Bernanke said that if markets can be stabilized he expects the recession to come to an end "probably this year." And the possibility of the nation sinking into a second depression? "I think we've gotten past that," he said. Bernanke remains dedicated to the task of recovery, but says that...
There's no place left to hide from rising unemployment. Nationwide, of course, job losses have been mounting for quite some time. Four states - California, Michigan, Rhode Island and South Carolina - now have unemployment rates north of 10%. But until January, certain pockets of the country were bucking the national trend. In fact, in December, six metropolitan areas actually saw flat or falling unemployment rates from a year earlier...
...prisoners by 2012. The New York State legislature is close to scrapping the draconian Rockefeller drug laws that, by imposing mandatory sentences rather than rehab treatment, have kept many otherwise law-abiding drug users in prison for years. Other states, such as Michigan, New Jersey and North Carolina, are either releasing some prisoners who have served their minimum time or putting drug offenders in treatment programs instead of prison. (Read about challenges to New York's drug sentencing laws...
...some 26%, however, there is no help. David Young, 58, a trucker from North Carolina, is one of them. Since a 2007 diagnosis of stage IV kidney cancer, a rare disease, Young is struggling to maintain his employer-based insurance through a COBRA program - his premiums are now $1,332 a month, which consumes most of his Social Security disability benefits of about $1,500 a month, benefits that are too high to qualify for Medicaid. "I will be honest with you," Young says. "I've got a lot of friends who are so good to my family...
...Word of the new White House drawdown plan, which Obama officially announced on Friday morning in a speech at Camp Lejeune in North Carolina, was greeted with shrugs of contentment by most Iraqi political figures, largely because the Obama plan appears to be in step with what Iraqis had expected as a result of the Status of Forces Agreement signed by the Maliki government and the Bush Administration last December. That agreement requires most U.S. combat troops to be off the streets of Iraq by this summer and all U.S. troops to have left the country by 2011. (See pictures...