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The economy and the financial crisis, which accelerated the recession, will be examined in depth tonight in a Money and Main Street special. Anderson Cooper and Ali Velshi host the program, which will include practical advice from a panel of financial experts on how Americans who suffered through the pain in the last year can put themselves back into a position to profit from the recovery. That’s tonight at 11p ET.
A mixed picture in the economic tea leaves this morning. Housing starts rose 1.5% in August to a nine-month high, driven by a surge in new apartment projects. New construction is running nearly 25% above the record low hit last April. But as housing recovers, the job market remains very weak. 545-thousand more people filed for first time unemployment claims last month, a drop of 12-thousand from the previous week, but economists were hoping for a bigger decline.
Are big bonuses and golden parachutes coming back to Wall Street?
A year after the collapse of Lehman Brothers, it's sure looking a lot like business as usual. The head of the FDIC says the industry needs to exercise more self-restraint.
And gas prices keep on falling. AAA reports the average price of a gallon or regular unleaded is at $2.555 ($2.56 for grfx), a drop of six-tenths of a cent from the previous day. Gas is now down 38% from the record set 14 months ago.
On CNNMoney today:
* New health care plan and your wallet. The leading reform proposal contains a number of measures that have the potential to affect Americans' bottom line.
* Worker morale gets beat down. The majority of those still employed now put in longer hours for less pay, quelling motivation in the workplace.
* What you need to know about Social Security. This benefit should be the cornerstone of your retirement planning. The answers to these five questions will help you to get the most out of it.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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