ashley webster has today's business report. p>> it made not feel like it's over, but now we now when, 2009. that is when theenational bureau of economic research ii reporting that the 19 month down turn officially ended..3 it's the worst trek dins!! trek3 predepression levels until 2013. homebuilders confidence in september still stuck at the lowest level ii more than a ú%t stuck, not stuck, the dow jumping 145 points onnthe day. it's up 3% on the year. gold hitting another record high, up nearly 17% in 2010. price just shyyof 1280 an ounce. and they are flying high on your dime, raking in $1.7 mmllion on the first quarter. ppofitaale quarter since 2007. that'' business, i'm ashley webster. >>> coming up a member of thh ravens ccaching staaf in hot water this morning. the charges an assisttnt defensive line coach is facing. p>> the research group says the ♪ i thought it was over here... ♪ [car horn honks] our outback always gets us there... ... sometimes it just takes us a little longer to get back. ♪ >>> welcome back to fox 45 early 5:27 is the time. i'm paariie harris. it's a cool

ashley webster is live this morning from london and ashley, these folks seem really upset. >> yeah, shep. they really are. bottom line, union workers across europe say you know what? we are paying a very heavy price for the recklessness of banks and traders who created the very problems that led to the recession in the first place. where still, it's their taxpayer dollars that will help bail out those very same banks. boy, it sounds familiar, doesn't it? the same argument in the united states. even worse, though, european governments have very few options left. they can either cut spending and raise taxes, wages are being slashed or frozen. jobs are being cut and retirement ages, my goodness, retirement ages have been raised in france. that means from 60 to 62. >> heaven forbid. investors here actually paying attention to what's going on there, it appears. >> absolutely. we've seen an impact on wall street today despite a late day rally of sorts. the dow still sitting down -- finishing down about a quarter of a percent but it was the financial stocks that took a hit today because there a

i'm ashley webster. witnesses in the ken murder trial. >>> the issues they are having with the

ashley webster joins us now to talk through some of these declarations.irst of thul this bureau of economists who are they. >> reporter: it's panel of economists whose job it is to track and date when recessions again and end. many would say they are way off base here. 14 million americans still out of of work, that's almost one in five. they say the recession ended in june of last year based on gross depress particular product, the unemployment rate which is high and personal income. enough of the data has been positive enough to be out officially over a recession. jenna: what does it mean going forward for any initiatives out there, any stimulus money. >> reporter: absolutely nothing. it would set us up for a double dip recession if we again fall back into the economic data levels which would indicate employment being one of them. i think what it really points to is that the recovery may be underway but peep aren't being employed -- people aren't being employed, which again is not great for the economy. jenna: these economists have been notorious about

ashley webster is joining us from the fox business network to break down what really happens when the expire. >> reporter: the tax man will be knocking very loudly on that door. married couples with children could indeed take the biggest hits if the tax cuts are allowed to expire in one hundred days by the way. let's take a look at some of the specific details for you, break down the ugly details. let's begin with firstly the child tax credit which will be reduced from a thousand dollars per child to $500. what impact could that have, 31 million families will pay an average of more than a thousand $33 a year. there's been a lot of rhetoric that the bush tax cuts were for the wealthy. this is one example where middle class families certainly got a boost from the cuts. jenna: when i see the child tax credit on the screen that doesn't matter how much money i make, i could make $50,000, i could make $500,000 that tax credit applies. >> reporter: it's cut in half. jenna: what about the marriage penalty. >> reporter: yeah, if you file together, if a couple file a joint return they will pay

ashley webster is here from the fox business network with this story. and why this connection between unemployment and violence? >> jenna, all this doom and gloom is coming from dominic strauss-kahn, head honcho of the imf and he says labor markets around the world are in dire straits, and he says long term unemployment could well indeed lead to social unrest, much like what we saw in greece four-months ago, and the numbers, no doubt about it with unemployment, are disturbing, 210 million around the world do not have a job, 30 million jobs lost since the financial crisis began, and of course, that means that if you look at the big picture, jenna, unemployment, very, very difficult problem to solve right now. jenna: we'd all like to solve it instantly, right, with a snap of the fingers, but you can't do it. is that the only solution, though, to prevent some of this violence or unrest he's talking about, is just to make unemployment go away? >> easier said than done. the imf says the more economic stimulus -- can you believe more economic stimulus or keep