• US job losses hit record in 2008

  More US workers lost jobs last year than in any year since World War II, with employers axing 2.6 million posts.

• Iceland buys 51 Woolworths stores

  Frozen food retailer Iceland buys 51 former Woolworths stores, and says it plans to create 2,500 new jobs.

• Mandelson weighs help for car loans

  Lord Mandelson says the government is considering help for car finance firms but rules out help for vehicle manufacturers.

• Housing Slump May Be Bottoming Out

  New home sales fall to a 17-year low. Could this mean the end of the slump?

• Heating Oil Stolen From Building's Tanks

  Authorities believe a drill pump was used to remove the 400 gallons of oil.

• A look at job losses

  Carrie Lee is joined by Specialist Economics Editor Kristin Roberts and guest Diana Furchtgott-Roth, Senior Fellow at the Hudson Institute in Washington D.C., discussing the latest figures for job loss.

  
  
  

“I believe that despite the enormous odds which exist, unflinching, unswerving, fierce intellectual determination, as citizens, to define the real truth of our lives and our societies is a crucial obligation which devolves upon us all. It is in fact mandatory. If such a determination is not embodied in our political vision we have no hope of restoring what is so nearly lost to us - the dignity of man.” - Harold Pinter, Nobel Lecture 2005

“The pioneers of a warless world are the youth who refuse military service.” - Albert Einstein