Schools Struggle to Serve Healthy, Inexpensive Meals
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PALM SPRINGS - Free lunch programs at area schools are struggling to feed students with highly nutritious meals. High prices have forced some districts to sacrifice that nutrition.
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Downturn Seen in Nanny Services as More Parents Lose Jobs
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INDIO - Layoffs during these tough economic times have forced area parents to cancel nanny and daycare services for their children.
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Credit Card Bailout Next? & Tips to Pay Down Debt
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Consumer credit card debt is closing in on a trillion dollars. Could this be the next industry that needs a government bailout?
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Demand for Food Outpacing Supply at Non-Profit Hidden Harvest
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These "tough times" are putting a strain on a local non-profit organization that helps provide food to people who need help here in the Desert.
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Ailing Economy Leaving Sick People Without Care
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The ailing economy is making it more difficult for many of us to stay healthy. During these tough times some people make tough choices when it comes to their medical care.
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Small Plane Owners, Private Airports Feeling Tough Times
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The price for flight is going up for all airplanes, big and small. Fuel prices have rendered owners to ground their private planes and private airports to slump in business.
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Local Consumers Cutting Corners, Sacrificing to Save
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Over the past month, the average price per gallon dropped more than 50 cents here in Riverside County. Still, the nation's economic crisis has people pinching their pennies and putting on the brakes.
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Facing Foreclosure? You Don't Have To
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Some tips on how to avoid the foreclosure of your home.
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Tough Economic Times Could Derail Local Medical Mission to Ecuador
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The Valley-based International Medical Alliance is hoping its Halloween masquerade ball benefit will help raise funds for its medical mission in South America. The group says it has been difficult to raise funds due to the economy.
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Local Exporters Struggling to Create Jobs in Tough Economy
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Local businesses exporting internationally are struggling to create jobs in these tough times. News Channel 3 talked to local export business owners gathering at a Palm Springs convention to find out if they're still hiring.
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Banks Borrow Record Amount from Fed
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The Federal Reserve reports commercial banks borrowed in record amounts from its emergency lending facility over the past week. The Fed's report shows commercial banks averaged a record $99.7 billion in daily borrowing over the past week. That surpassed the old record - a daily average of $75 billion - from the prior week.
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Calif. Sells $5B Notes to Avoid Cash Crisis
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State Treasurer Bill Lockyer says California has raised enough money to avert an immediate cash crisis. Lockyer on Thursday announced the state had sold $5 billion in short-term notes that will be used to keep education, health care and other state services running.
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Local College Students Saving Money, Going to Nearby Schools
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College and University Day at College of the Desert brought in hundreds of students to see what their options are during these tough economic times.
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McCain Proposes $52.5 Billion Plan
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John McCain wants the government to stop taxing unemployment benefits and start lowering taxes on senior citizens who tap into their retirement accounts. The proposals are part of a $52.5 billion economic plan he's unveiled Tuesday near Philadelphia.
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Check Scam Hits Craigslist Online Job Postings
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Online money laundering has new twist to an old scam.
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Tough Times Trickle Down College Funds
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Nearly a thousand colleges are in a Wachovia short-term investment. When Wachovia resigned its role as trustee of the $9.3 billion fund, colleges' ability to access their equity became limited.
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Politics Surrounding New Stimulus Package in House
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House Republicans and Democrats are jockeying for political advantage as they push their versions of a second stimulus bill that both agree is needed.
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Dow Makes Biggest One-Day Point Gain Ever at Over 900 Points
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Wall Street has stormed back from last week's devastating losses, sending the Dow Jones industrials soaring a nearly inconceivable 938 points after major governments' plans to support the global banking system reassured distraught investors.
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Treasury and Fed to Meet with Financial Executives
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Top U.S. government officials and leading bank executives are meeting in Washington today to nail down details of a $700 billion financial rescue plan.
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McCain Offers Mixed Signals on Economy; Obama Offers Proposals
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John McCain's campaign is sending mixed signals about whether he'll be offering more proposals to address the current financial crisis. Meanwhile, Democrat Barack Obama is calling for a 90-day moratorium on foreclosures and a two-year tax break for businesses that create jobs as part of a plan to heal the nation's ailing economy.
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Big Events Make Slam Dunk for Local Economy
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It was a weekend of spending around the valley. Wether it was to check out revving engines or dunking basketball pros, thousands of visitors came to the desert.
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Good News During Theses Tough Economic Times
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What are some good things coming out of this bad economy?
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TOUGH TIMES
Wild Ride on Wall Street
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Wall Street has capped its worst week ever. The Dow Jones industrials closed with a relatively mild loss, losing 128 points. The blue chips had an eight-day loss of just under 2,400.
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Concerns Over California's Ability to Borrow $4B
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A credit rating agency is expressing concern about California's ability to borrow $4 billion just days before the state heads out to market.
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U.S. Economy Rated Tops for Competitiveness
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The World Economic Forum, based in Geneva, says the U.S. economy remains the world's most competitive, in a survey taken before last week's big financial rescue package.
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NYC National Debt Clock Runs Out of Digits
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In a sign of the times, the National Debt Clock in New York City has run out of digits to record the growing figure.
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TOUGH TIMES
Japan, South Korean Markets Dive in Early Trade
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GLOBAL MARKET WATCH: Japan's Nikkei index has fallen more than 10 percent in early trade following massive losses on Wall Street.
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TOUGH TIMES
Economy Makes it Tough to Pay for Education
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In today's tough economic times many families are desperately trying to make ends meet, cutting back on extra costs like vacations, new cars, even education. Now, private schools around the nation are feeling the crunch.
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Financial Crisis Creates Economic Jitters At Home
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ECONOMIC JITTERS: The financial crisis is forcing many people to cut back on spending. We want to know how you are affected. Read our story and leave a comment. Inside: Get expert advice for these tough times.
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Local WaMu Customers React to Bank Seizure
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Employees at local Washington Mutual branches say it's business as usual despite the bank's seizure and sale to JP Morgan. Local customers are mixed on the news.
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