Recently by Paul Solman
Widening the Experiential: Jaron Lanier Explains Virtual Reality
June 18, 2013 | Jaron Lanier, the widely regarded father of virtual reality, recounts his early experience introducing virtual reality to Hollywood and how his vision of his own technology differed from what some people wanted. Our interview with Lanier...
Are Social Security's Fiscal Concerns Overblown?
June 17, 2013 | There have been dire warnings about future fiscal shortfalls for years, explains Paul Solman. Photo courtesy of Dave Reede/Getty Images. In his weekly Social Security Q&A, published earlier Monday, Larry Kotlikoff makes the case that Social Security's funding gap...
Are College and Career Skills Really the Same?
June 14, 2013 | The Common Core curriculum standards don't prepare students for the workforce, says Robert Lerman. Still from PBS NewsHour footage. Paul Solman: Centrist economist Robert Lerman of the Urban Institute and American University is back on this page with a...
How I Stumbled Into My Encore Career
June 13, 2013 | Retired economics professor Mary Huff Stevenson leads a Zumba Gold ® class at the Brookline Senior Center outside Boston. Photos by Amara Cohen. Professor Emerita of Economics Mary Huff Stevenson is an exceptionally astute old...
Reinventing Old Age: The Good We Do When We Work Forever
June 12, 2013 | Paul Solman's piece exploring the contributions of older workers airs on The PBS NewsHour Wednesday. We've been reporting on America's aging workforce on the NewsHour over the past several months, covering the factory where the average...
Why the Government Should Be Paying You for Your Information
June 11, 2013 | What if government paid for the information it collected on its citizens? Jaron Lanier, widely regarded as the father of virtual reality and the author of "Who Owns the Future?", suggests that would be one step...
U-7 Up; Black Youth Unemployment Hits 42 Percent
June 7, 2013 | Our U-7 index includes everyone in the government's U-3: everyone who said they wanted a job and had looked for one in the past four weeks. It also adds everyone who said they wanted one, hadn't looked in the past...
Over 20 Percent Youth Joblessness and Still No Apprenticeships?
June 7, 2013 | Photo courtesy of Bloomberg via Getty Images. Paul Solman: Robert Lerman is a centrist economist whose first NewsHour appearance in 2011 generated real wrath. Many viewers and the organization Fairness & Accuracy In Reporting objected to his assertion...
Fed, Big Banks, Social Security Beware: You're on David Stockman's Hit List
June 5, 2013 | Paul Solman interviewed David Stockman on the PBS NewsHour broadcast. We recently interviewed former President Reagan budget director and private equity executive David Stockman about his recent tome, "The Great Deformation." In it, Stockman argues that...
Do Americans Win or Lose When Someone Becomes a Billionaire?
May 31, 2013 | French artist Jacques Callot created 18 etchings known as "The Miseries and Misfortunes of War," published in 1633. The works depict victorious soldiers burning down villages and hanging those who lost the battle. Is the case the same for...
David Stockman: We're Blind to the Debt Bubble
May 30, 2013 | David Stockman, former director of the Office of Management and Budget under President Reagan, says America has become addicted to debt and that there's no way to avoid catastrophe. Still from NewsHour Footage. Paul Solman: On yesterday's Making Sen$e...
Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him?
May 29, 2013 | Nobel Prize-winning economist and New York Times columnist Paul Krugman. Still from NewsHour video. Paul Solman: The big brouhaha in economics recently, about which I posted some weeks ago, has pitted Nobel Prize-winning economist and New York Times columnist...
How High Is African-American Unemployment and Is It Going Down?
May 24, 2013 | Paul Solman answers questions from the PBS NewsHour audience on business and economic news here on his Making Sense Business Desk page. Paul Solman: Last hired, first fired. It's a cliché of the labor market that becomes an especially...
Suicide and the Unemployed
May 22, 2013 | The relationship between unemployment and suicide is well established. But is the persistence of long-term unemployment an added factor in the rising suicide rate these days, especially for older workers? Paul Solman responds to a viewer's...
Inequality Today: Worse Than a Century Ago?
May 17, 2013 | The entrance at the 1912 Democratic National Convention held in Baltimore, Md. The theme of the presidential campaign of 1912 was economic inequality, but looking at the data, the problem is worse today than it was more than 100...
The Pros and Cons of Being a Jobless Single Dad for 711 Days
May 3, 2013 | More than 4 million Americans remain out of work for more than six months now. And for those 55 and older, it takes at least a year on average to find work, longer than any other...
What Are the Risks of Low Interest Rates?
May 2, 2013 | When the Federal Reserve buys up Treasury bonds to keep interest rates low, is this risky? Paul Solman answers a reader's question on the potential consequences and explains why this Federal Reserve practice -- known as "quantitative easing" --...
Long-term Unemployment: Is This Blatant Age Discrimination?
May 1, 2013 | Is age discrimination a hushed secret or a blatant action by employers filling vacant jobs? Nick Corcodilos explains why the practice continues despite some companies' worries that they are losing out on the institutional knowledge and experience that older...
Will We Ever Get to 'Full Employment'?
April 25, 2013 | A man enters a Shoe Carnival store in Morton Grove, Ill. Photo by Tim Boyle/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sense page. Here is Thursday's query:...
Why Paul Krugman, Others Think Reinhart and Rogoff Are Wrong About Debt
April 19, 2013 | Photo by Andrew Harrer/Bloomberg via Getty Images. Instead of answering any questions Friday, I should probably address the hot topic in the world of economics this week and the subject of Paul Krugman's column in The New York Times...
The Income Tax in 1913: A Way to 'Soak the Rich'
April 15, 2013 | A copy of the original IRS form from 1913. Image from the National Archives. So how heavy is the income tax burden these days, especially on those in the upper reaches of the income range? One comparison is with...
Does Obama Have It Right or Wrong on Social Security?
April 12, 2013 | Staffers pick up their copies of the President's Fiscal Year 2014 Budget at the Senate Budget Committee in the Dirksen Senate Office Building on April 10, 2013. Photo By Douglas Graham/CQ Roll Call/Getty Images. Today we present a range...
How Dismal Were March's Job Numbers?
April 5, 2013 | At first blink, today's jobs numbers don't look too bad. The official unemployment number dipped again, to 7.6 percent. The number of people reporting that they didn't work even one hour last week and looked for work and are therefore...
Economic Inequality: Isn't it Inevitable?
March 22, 2013 | If you get equal opportunity -- an equal slice of the educational cake or pie -- that doesn't necessarily mean you will have equal economic opportunities as a result. Paul Solman answers a reader's question on why, so many...
Commentary: Silicon Valley Discriminates Against Women, Even If They're Better
March 20, 2013 | Silicon Valley entrepreneur Vivek Wadhwa discovers that the famed "meritocracy" of Silicon Valley is a myth and that women are systematically discriminated against there, despite the fact that they're more productive, on average, than their male counterparts. He has...
Senior Moments Author: Does Forgetfulness Drive the Economy?
March 15, 2013 | "Senior Momentologist" Tom Friedman " explains what pandemic amnesia is and how "senior moments" may lead to economic growth. Image by CSA Images/Snapstock/Getty Images. PBS NewsHour's...
How Modern Finance Promises to Break the Cycle of Recidivism
March 14, 2013 | A new type of financial investment being pioneered in the United Kingdom may be the key for breaking the cycle of recidivism -- and it could be coming soon to a prison near you. Paul Solman visits Riker's Island penitentiary...
Is It Inevitable That the United States Will Default?
March 8, 2013 | With all the talk of the fiscal cliff and the sequester, I respond to a reader who wants to know if the economic dominoes are likely to fall, causing a government default, and I weigh in on why the NewsHour...
Companies Hire 236,000 in February, But Long-Term Unemployment Unchanged
March 8, 2013 | In February, 236,000 new jobs were added to the economy, which was higher than expected and the unemployment rate dropped by 0.1 percent. But the 7.7 percent unemployment rate -- the official unemployment rate -- is only a small part...
The Depressing Data on Early Childhood Investment
March 7, 2013 | Photo by Marc Romanelli/Getty Images. Jerome Kagan is one of the pioneers of developmental child psychology. But I interviewed him a few weeks ago with an economic motivation. PBS NewsHour has begun to explore a virtual reality project designed to...
Ask The Headhunter: Resume Blasphemy
March 5, 2013 | Headhunter Nick Corcodilos urges job seekers to write their own resumes, in plain ol' English, so that potential employers can see how candidates would be profitable additions to their companies. Photo by Flickr user Olivier Charavel. Nick Corcodilos started headhunting...
Remembering the Businessman Who Took a Chance on Ex-Cons
March 4, 2013 | Remembering John Neu, a businessman who took chances on convicted criminals by hiring them at his recycling company, WeRecycle. John Neu, chairman of Hugo Neu Corp., passed away Feb. 27. Paul Solman: John Neu, a major figure in the...
Is Obama's Climate Change Policy Doomed to Fail? Maybe Not.
March 1, 2013 | Until there is an obvious, sudden and perhaps cataclysmic event, such as a loss of part of the Antarctic ice sheet, the odds would seem to be stacked heavily against climate change legislation, says Harvard's Rob Stavins. But the...
Why We Want to Keep Spending and Cut the Deficit
February 28, 2013 | How can Americans want to maintain or increase spending on almost every line item in the budget and yet insist we need to cut the yearly deficit and cumulative debt? "The test of a first-rate intelligence is...
Ask The Headhunter: The Only Interview Question That Really Matters
February 26, 2013 | Photo by Altrendo/Getty Images. Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhunter community over the past decade. In this special Making Sense edition of Ask The Headhunter,...
It Pays to Invest in Early Education Says a Nobel Economist Who Boosts Kids' IQ
February 22, 2013 | Paul Solman interviews economist James Heckman, who researches the value and effects of early childhood enrichment programs. One economist has found a powerful connection between a child's early education programs and his or her earnings, IQ and behavior later in...
How to Find a Financial Advisor, Step by Step
February 21, 2013 | Paul Solman answers a Next Avenue reader's question about how to choose an advisor who puts your financial interests first. This little financial advisor would put anyone's books in the black. Find a better one using advice from pension expert...
How to Maximize Social Security if Disabled and Other SS Questions
February 18, 2013 | Photo by Piotr Powietrzynski/Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature "Ask Larry"...
Wouldn't a Minimum Wage Hike Lower the Welfare Rolls?
February 15, 2013 | Paul Solman answers Next Avenue readers' questions about whether a minimum wage hike would induce people to leave welfare, and whether such a hike would increase the government's tax revenue. Protesters advocate for raising the minimum wage outside the office...
The Man and the Thinking Behind the Minimum Wage Hike
February 14, 2013 | President Obama is pushing a controversial hike in the minimum wage. It is surely no coincidence that his chief economic advisor is Alan Krueger, an economist who became famous in the 1990s for research supporting minimum wage hikes. But don't...
Obama Says We Must Never Default, But Would It Really Hurt Us If We Did?
February 13, 2013 | After defaulting on their debts in the 1840s, state governments, like Pennsylvania's, learned to disallow budget shortfalls. This is the lesson that we should learn from history and never repeat. Photo by Flickr user Brendan Lynch. Paul Solman: President...
Ask The Headhunter: Networking for People Afraid of Being Obnoxious
February 12, 2013 | Photo by Flickr user Samuel Mann. Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhunter community over the past decade. In this special Making Sense edition of Ask...
Ask Larry: What's the Best Age to Take Spousal or Survivor Benefits?
February 11, 2013 | Photo by Flickr user GabeB. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature "Ask Larry" every...
Why We Should Kill the American Penny
February 8, 2013 | Paul Solman answers questions from Next Avenue readers about what the U.S. Mint can learn from Canada about the penny and why Germany is pulling their gold from the New York Fed. Photo by Flickr user hto2008. Paul Solman frequently...
The Youth Unemployment Crisis: A Fix that Works and Pays for Itself
February 7, 2013 | Economist Bob Lerman proposes a solution to the youth unemployment crisis in the United States arguing the quickest way to getting unemployed kids off the streets and onto the payroll is through work apprenticeships. Unlike internships, apprenticeships train young adults...
What Good Do Money Management Firms Have to Offer?
February 6, 2013 | When a feline can pick stocks better than a human, money manager Jon Shayne argues there are still very good reasons to have money management firms actively pick stocks and invest your money. Photo by Tom Noser. Paul Solman: Jon...
Ask The Headhunter: Should I Reject a Counter-Offer From My Employer?
February 5, 2013 | Photo by Getty Images. Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhunter community over the past decade. In this special Making Sense edition of Ask The Headhunter,...
How Maximizing Social Security Can Lead to Marriage or Murder
February 4, 2013 | Image by Flickr user couscouschocolat. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature "Ask Larry"...
U.S. Economy Adds 157,000 New Jobs, Unemployment Ticks Up Slightly
February 1, 2013 | The Bureau of Labor Statistics released the jobs numbers for January reporting that the official unemployment rate rose slightly to 7.9 percent, while 157,000 new jobs were added. Paul Solman breaks the numbers down, including his more inclusive "Solman Scale."
Rising Inequality: Don't Blame the Robots
January 31, 2013 | Robots work on 2008 Ford Expedition and Lincoln Navigator SUV frames on the assembly line at Ford Motor Michigan Truck Plant in Wayne, Mich. Photo by Rebecca Cook/REUTERS. Paul Solman: Dean Baker thinks economic inequality is our fault. Baker,...
The Economics of Spam and What's So Funny About Monetary Policy?
January 30, 2013 | In the third extract from this year's American Economic Association (AEA) Humor Session, let's hear it for Justin Rao of Microsoft Research, who talks about "The Economics of Spam." Note that the several mentions of "Varian"...
Ask The Headhunter: What To Do When Your Job Offer Is Cancelled
January 29, 2013 | Photo by Neustockimages via Getty Images. Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhunter community over the past decade. In this special Making Sense edition of Ask...
Ask Larry: Has My Social Security Office Given Me Bad Advice?
January 28, 2013 | Photo by Justin Sullivan/Getty Images. Today, Social Security expert Larry Kotlikoff answers readers' questions covering issues from retirement, medicare and more. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security...
Is the National Debt Harmful to Our Children?
January 25, 2013 | Andrew Harrer/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's comes from a reader at Next Avenue. The NewsHour has partnered with Next Avenue,...
D.C.'s Funniest Celebrity: More Economics Comedy Routines
January 24, 2013 | Yesterday we featured the econo-comedy of stand-up economist Yoram Bauman at this year's annual convention of dismal scientists. Today we present a few more snippets from the convention's comedy session. Emceeing was University of Chicago economist Austan Goolsbee, a former...
Hyperinflation in Hell: An Economics Comedy Routine
January 23, 2013 | Video courtesy of Yoram Bauman. Known as "the dismal science" for a reason that is itself dismal, economics has a tradition of humor long reliant on a few stock, self-deprecating jokes. A physicist, chemist and economist are stranded and...
Ask Larry: Is Suspend-and-Collect a Flawed Plan?
January 22, 2013 | Photo by Jim McGuire via Getty Images. Social Security expert Larry Kotlikoff answers readers' questions covering issues from retirement, medicare and more. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social...
Ask the Headhunter: What If My Offer Was Rescinded After I Quit My Old Job?
January 21, 2013 | Photo by Noel Hendrickson/Getty Images. Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhunter community over the past decade. In this special Making Sense edition of Ask The Headhunter,...
What I Did When My Email Account Was Hacked (Besides Panic)
January 21, 2013 | Photo by Epoxydude via Getty Images. The NewsHour has partnered with Next Avenue, a new PBS website that offers articles, blogs and other critical information for adults over 50. Paul Solman: What follows is of a personal nature and...
Why Raising the Social Security Retirement Age Makes No Sense
January 18, 2013 | Photo of an artisan blacksmith by John Burke via Getty Images. Paul Solman: We write a lot about Social Security on this page. Recently, our resident expert "Ask Larry" Kotlikoff and I got into a tiff about ways to...
What's the Standard of Living Like Where You Live?
January 17, 2013 | Photo by Betsie Van Der Meer via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Paul Solman: Back in November, we featured reporter David Cay Johnston on...
Solving for Solvency: A Menu for Closing Social Security's Long-Term Budget Gap
January 16, 2013 | Photo by Spencer Platt via Getty Images. Jared Bernstein served as chief economist and adviser to Vice President Biden from 2009 to 2011. He's now a senior fellow at the Center on Budget and Policy Priorities. His last appearance...
Ask The Headhunter: Is There a Substitute for a College Degree?
January 15, 2013 | Photo by Daniel Grill. Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhunter community over the past decade. In this special Making Sense edition of Ask The Headhunter,...
Why You Should Wait Until 70
January 14, 2013 | Photo by Tetra Images. Social Security expert Larry Kotlikoff answers reader's questions covering issues from retirement, medicare and more. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have...
Are You Getting Ripped Off by Money Management Fees?
January 11, 2013 | Photo by Cultura/yellowdog via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's comes from a reader at Next Avenue. The NewsHour has partnered with Next...
The LIBOR Scandal: Not that Big a Deal?
January 9, 2013 | Former Barclays chairman Marcus Agius faced the Parliamentary Treasury Select Committee on the LIBOR scandal in London in July. Photo by Jason Alden/Bloomberg via Getty Images. One of the biggest business scandals of 2012 was the the manipulation of...
How to Get Interviews Without Cold Calling
January 8, 2013 | An unemployed banker peddles on the street for a job. Photo by Spencer Platt via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative...
How to Try to Stop Your Ex from Getting Spousal Benefits
January 7, 2013 | Whether you are married or divorced, you can potentially collect spousal benefits. Photo by William Thomas Cain/Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted...
Another Victory in the War on Our Children
January 4, 2013 | Paul Solman: "Ask Larry" Kotlikoff is a hot commodity here on Making Sense, not only as our Social Security sherpa, but as a sometime commentator on economics, which is how he's known to the rest of the world,...
December Unemployment Held Steady; U-7 Down Again
January 4, 2013 | A job seeker looks over material during a HIREvent job fair in San Jose, Calif. Photo by David Paul Morris/Bloomberg via Getty Images. Nothing dramatic on the jobs front this month. December's unemployment rate held steady at 7.8 percent....
Barney Frank's Plans for the Future
January 3, 2013 | In an exit interview that aired Dec. 26, economic correspondent Paul Solman spoke with Rep. Barney Frank, D-Mass., who retired from Congress at the end of his term in January 2013. In the last of our...
Life Insights from a 100-Year-Old Manufacturing Worker
January 2, 2013 | While reporting on needle and tubing manufacturing firm Vita Needle in Needham, Mass., recently, the NewsHour team met Rosa Finnegan. The company is known for its elderly workforce with its average worker 74 years old. But...
Barney Frank: How Smart Is Congress?
January 2, 2013 | In an exit interview that aired on PBS NewsHour Dec. 26, economic correspondent Paul Solman spoke with Rep. Barney Frank, D-Mass., who plans to retire from Congress at the end of his term in January 2013....
Ask the Headhunter: Niche Job Boards and Job Fairs
January 1, 2013 | This photo from 1938, pictures a transitory cooking course for unemployed men who used to work in mines, shipyards and factories in Kent, England. Photo by Fred Morley/Fox Photos/Getty Images. Nick Corcodilos is an expert on how to get...
Why Barney Frank Took a Cautious Approach to Same-Sex Marriage
December 31, 2012 | In an exit interview that aired on PBS NewsHour Dec. 26, economic correspondent Paul Solman spoke with Rep. Barney Frank, D-Mass., who plans to retire from Congress at the end of his term in January 2013....
How to Delay Your Social Security and Get the Most for Your Spouse
December 31, 2012 | Blank Social Security checks are run through a printer at the U.S. Treasury printing facility. Photo by William Thomas Cain via Getty Images Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his...
Mistakes: Paul Krugman's, Greg Mankiw's (And My Own)
December 28, 2012 | Left, Paul Krugman . Right, Greg Mankiw (Photo by Bloomberg via Getty Images). Paul Solman: Both Paul Krugman, of MIT, and Greg Mankiw, of Harvard, were teaching economics locally during my formative years as an economics correspondent....
Yes to Profit-Sharing and No Layoffs for 64 Years in a Row!
December 28, 2012 | Worker pushing a table laden with copper coils at the Lincoln Electric Company. Photo by Bob Leavitt/Pix Inc./Time Life Pictures/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on Making Sen$e page....
Running Scared: Getting Out of 'World's Safest Investment'
December 27, 2012 | Photo by Dan Brownsword via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Barbara Pendergrast -- Germantown, Tenn.: Mr. Solman, Do you...
Capital Wins, Labor Loses, But Andrew Smithers Says It Can't Go On
December 26, 2012 | Warehouse manager at operations desk on computer. Photo courtesy of John McBride & Company Inc. Paul Solman: Jon Shayne is not just the world's No. 1 econo-crooner, belting out economics tunes of his own invention under the stage name...
Ask the Headhunter: 'Are Headhunters Worth Talking To?'
December 25, 2012 | Photo by Stockbyte via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post his...
What Happens to Unused Social Security Earnings When Someone Dies?
December 24, 2012 | Photo by Flikr User seen by tobfl via Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that...
Will America Go Broke, Yes or No?
December 21, 2012 | Photo by Marc Grimberg via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Friday's query: Ashok Rao -- Chennai, India: I recently came across this...
Communism: Plato's "Cure for Extreme Political Ambition"
December 20, 2012 | Photo by Science Source via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Eric Forbis: In "Communism, Capitalism and the Third Thanksgiving" you...
Federal 'Tax Breaks' or 'It's My Money'?
December 19, 2012 | Image by Robin Jareaux/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Wednesday's query, a comment sent by a viewer from Kansas: Barbara Penn: Hello...
Ask the Headhunter: The Three Best Ways to Land a Job
December 18, 2012 | Floresco Productions via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post his own...
Can an Ex Collect from His Older Ex-Wife When She Hits 66?
December 17, 2012 | Photo by CSA Images via Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature...
CDs v. Bond Funds: Which Is Better?
December 14, 2012 | Photo by Peter Dazeley via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Friday's query: Paul Hyland: Please discuss the merits of one- or...
Tallying the Unemployed: Where in the World is U-7?
December 13, 2012 | Job seekers wait in line to meet with recruiters during a job fair in South San Francisco, California. Photo by Justin Sullivan via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news...
What's Wrong with a Municipal Bond Fund?
December 12, 2012 | Photo by Peter Dazeley via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Peter Stratton: I'm interested in current income only. Why...
Headhunter: How to Get (and Stay) Hired, Despite a Sordid Past
December 11, 2012 | Photo by Jupiterimages via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post his...
How Would the Fiscal Cliff Affect Your Tax Bill?
December 10, 2012 | Ettore Sottsass, Summa 19 Electronic Printing Calculator, 1970. Manufactured by Ing. C. Olivetti & C. S.p.A., Italy. Photo courtesy of the Denver Art Museum. As we all watch the folks in Washington wrangle over how to avert the fiscal...
The Hysterical Economy
December 10, 2012 | Photo by Three Lions/Getty Images. Paul Solman: "Ask Larry" Kotlikoff is best known on this page as the Social Security guru who answers your questions every Monday, as he did this morning. In the real world, though, he's a...
Ask Larry: Real Danger of Old Age Is Outliving Your Savings
December 10, 2012 | Photo by Mark Bowden via Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature...
Great Jobs Numbers? U-7 Says It Ain't Necessarily So
December 7, 2012 | Applicants meet potential employers at the Diversity Job Fair on December 6, 2012 in Manhattan, New York City. Hundreds of minorities turned out to seek jobs, a day ahead of the release of monthly national unemployment figures in Washington...
My Words Are Your Bonds: But Should You Keep Buying Them?
December 6, 2012 | There are some sobering realities to consider when betting on bonds. Photo by Cultura/Liam Norris via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is...
Argument For and Against Capital Gains Tax Cuts
December 5, 2012 | Co-chairman of the National Commission on Fiscal Responsibility and Reform former Sen. Alan Simpson, R-Wyo., left, and Erskine Bowles, former White House chief of staff recommend taxing capital gains as ordinary income. Photo by Bill Clark/Roll Call via Getty...
Ask the Headhunter: How Do I Get An Employer's Attention?
December 4, 2012 | What do you do if you want to get a headhunter's attention? Photo by YOSHIKAZU TSUNO via AFP/Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on...
Ask Larry: How Do I Get More Social Security from My Ex?
December 3, 2012 | Outliving your ex-spouse is one way to get a larger Social Security payment. Photo by Noah Clayton via Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas...
Are the French Better Off Than Americans?
November 30, 2012 | The French might be paying less when it comes to triple play packages. Photo by Sami Sarkis via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news here on his Making Sen$e...
Thelma and Louise Redux: Satire in Song as We Near the Fiscal Cliff
November 30, 2012 | To plagiarize a prior post of mine, this page likes to feature monetary minstrel Jon Shayne, a Nashville investment manager whose nom de croon is Merle Hazard. Merle has written and sung such classics as...
Which Is Better: Government or Private Spending?
November 29, 2012 | Vice President Joe Biden checks out his purchases during a visit to a Costco store on a shopping trip in Washington recently. Photo by Saul Loeb/AFP/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and...
Did Marvin Miller's Free Agency Spike CEO Pay?
November 28, 2012 | In this 1970 photo, Marvin Miller explains a new baseball contract agreement at a press conference in New York City. Mr. Miller died Tuesday at 95. Photo by Arthur...
Why You Might NOT Contribute to a 403(b)/401(k) When Nearing Retirement
November 28, 2012 | Photo by Peter Gridley via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Wednesday's query: Jim Narloch: If close to retirement age , which...
Ask the Headhunter: 'Where Is This Magical Place to Meet Employers?'
November 27, 2012 | Photo by Image Source via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post...
Yet Another Good Month for Housing?
November 27, 2012 | The suburbs of Las Vegas are one of the few areas where average housing prices stayed below their January 2000 levels. Photo by Allan Baxter via Getty Images. Editor's note | This post includes a correction at the end....
Ask Larry: 'Can a Lifelong Housewife Get Social Security?'
November 26, 2012 | Photo from Petrified Collection via Getty Images Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature...
Dan Ariely: Why Our Brains Might Not Be Able to Resist Black Friday
November 23, 2012 | People crowd the aisles inside Macy's department store in New York City during last year's Black Friday sales. Photo by Stan Homda/AFP/Getty Images. Well, in the best tradition of bait-and-switch, this is Duke behavioral psychologist Dan Ariely not on...
Communism, Capitalism and the Third Thanksgiving
November 22, 2012 | Pilgrim leader William Bradford, later the Governor of Plymouth Colony, reading the Mayflower Compact on board the Mayflower off the coast of what became known as Massachusetts, 1620. Photo by MPI/Stringer via Getty Images. Paul Solman: It being Thanksgiving,...
Why Do Analysts' Estimates Matter?
November 21, 2012 | Photo by Andrew Rich via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Wednesday's query: Tony Merlo: If a stock earns $1 a share...
Ask the Headhunter: I Didn't Hear Back After a Phone Interview, Should I Call?
November 20, 2012 | Photo by Tooga via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post his...
No Laughing Matter: European Debt Crisis in Cartoons
November 19, 2012 | Watch a sneak peek at an upcoming NewsHour story in which Lee Buchheit, the lawyer who helped mastermind Greece's debt restructuring earlier this year, and investor Hans Humes help us explain the wrangling behind the scenes...
Ask Larry: Can I Collect Social Security After My Domestic Partner of 30 Years Passes?
November 19, 2012 | Creative Commons photo courtesy of Flickr user 401 2012 Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we...
If the US Budget Were a Family's, We'd Be Hopeless
November 16, 2012 | Photo by Frederick Bass via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Friday's query: Heena: Hi Paul, I love your explanations of various...
Money Manager Jon 'Merle Hazard' Shayne Visits Athens
November 15, 2012 | Passengers ride the German-made transit system in Athens, Greece. When Jon Shayne last commented on Greece for us, it was in song as "Merle Hazard," Jon's musical alter ego. He was actually filing from his hometown of Nashville, Tenn.,...
A Viral Video from China: Poor is the New Rich
November 14, 2012 | South Korean singer Psy performs "Gangnam Style" during the 2012 MTV European Music Awards. Photo by Daniel Roland/AFP/Getty Images Paul Solman: Jesse Appell was an economics student of mine at Brandeis last fall who is spending this year in Beijing...
Ask the Headhunter: The "Dirty Little Secret" of Age Discrimination
November 13, 2012 | Photo by STOCK4B-RF via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post his...
Ask Larry: Could Marriage, Then Divorce Be Worth $60k?
November 12, 2012 | Photo by Stephen Webster via Getty Images Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature...
Income Inequality vs. Wealth Inequality
November 9, 2012 | Photo by Katrina Charmatz via Getty Images Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Friday's query: David G: I keep seeing an argument that says...
Greece's Former Finance Minister Defends Super Mario
November 8, 2012 | Greece's former Finance Minister George Papaconstantinou defends European Central Bank chief Mario Draghi's Outright Monetary Transactions plan. Photo by Louisa Gouliamaki/AFP/Getty Images. Earlier today, we featured Boston University economist Laurence "Ask Larry" Kotlikoff on the European crisis and his skepticism...
The Greek Crisis: Why Super Mario Draghi Can't Save Europe
November 8, 2012 | Mario Draghi, president of the European Central Bank , speaks at a conference in Berlin, Germany. Photo by Sean Gallup via Getty Images. While readers of Making Sen$e and the Rundown know Larry Kotlikoff as our resident Social Security...
Ask Larry: When Do I Get Back What I Paid to SS?
November 5, 2012 | Blank Social Security checks are run through a printer at the U.S. Treasury printing facility. Photo by William Thomas Cain via Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his...
Jobs Up, U-7 Down, Jack Welch Silent (Thus Far)
November 2, 2012 | A job seeker reviews listings in the Job Finder at the Rigzone Oil & Gas Career Fair in San Antonio, Texas. Photo by Eddie Seal/Bloomberg via Getty Images. At the risk of incurring Jack Welch's wrath, I am obliged...
An Economist Argues the Virtues of Free Trade
November 1, 2012 | Photo by PublicAffairs Publishing. On Oct.16, 2012, the NewsHour interviewed Donald Bartlett and James Steele on their latest book, "The Betrayal of the American Dream". Here is a critique and question from viewer Gary Todd about this segment, which...
I Own Stock but I'm No Fat Cat
October 31, 2012 | Image by Key Wilde via Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: George White: Some people would have us believe that owners...
Is the President to Blame for Unemployment and Gas Prices?
October 31, 2012 | Pedestrians walk past a gas station selling gas for over five dollars a gallon in Los Angeles, California. Photo by Frederic J. Brown via AFP/GettyImages Paul Solman frequently answers questions from the NewsHour audience on business and economic news...
Ask the Headhunter: How to Search for a Job if You're an Introvert
October 30, 2012 | Photo by Peter Dazeley via Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to post...
Yes, Housing Prices Up Yet Again
October 30, 2012 | According to S&P/Case-Shiller Home Price Indices, home prices continued to rise in August. Photo by Kevork Djansezian/Getty Images With election day a mere week away, all economic data carry potential political significance -- for us in the media, at...
Ask Larry: What Do I Do if My Ex Never Paid My Social Security Tax?
October 29, 2012 | Photo by CSA Images via Getty Images Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature...
An Expert on 'Extreme Productivity': Boost Results, Reduce Hours
October 26, 2012 | Work-life balance illustration by Bjorn Rune Lie in Ikon Images via Getty Images. Bob Pozen has been the vice chairman of Fidelity Investments, chairman of MFS Investment Management, a professor at Georgetown University, New York University and Harvard Law...
Are Public Pensioners Safe?
October 26, 2012 | Pensions for teachers and government employees had the highest funding level among all Arizona public retirement plans. Photo by John Elk via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his...
David Wessel on Virginia, Germany and Interest on the U.S. Debt
October 25, 2012 | Photo of David Wessel and Paul Solman by Diane Lincoln Estes. The Wall Street Journal's David Wessel recently took us on a D.C. "budget tour" for a NewsHour story on his new book "Red Ink." One stop on the...
Student Loan Debt: Everything You Need to Know
October 25, 2012 | Photo by Flikr user jeco. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Susan Schrank: Judy Woodruff mentioned a new student loan repayment program...
Can You Compete with Baxter? Yes, Says Vivek Wadhwa
October 24, 2012 | Throughout history, technology has caused change and disruption in the workplace, as when auto workers were replaced by creatures like these. But new higher quality jobs will emerge, argues Vivek Wadhwa. Photo by Stockbyte via Getty Images. I've reported...
Ask the Headhunter: The Right Way to Search for Jobs When Unemployed
October 23, 2012 | Job applicants wait to meet potential employers at the NYC Startup Job Fair. More than 80 startup companies were represented, with some 600 job openings for the more than 1,000 applicants who attended the event. Photo by John Moore/Getty...
A Few Books That Influenced Paul Solman
October 23, 2012 | Economics correspondent Paul Solman. Photo by Elizabeth Shell Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Brian Mecca: Can you cite two or three...
'If I Marry My Girlfriend in Thailand, Can She Collect Survivor Benefits After I Die?'
October 22, 2012 | Photo by Irina Sidorenko via Getty Images. Today, Social Security expert Larry Kotlikoff answers reader's questions covering issues from retirement, medicare and more. Anne: I am 65 and will turn 66 in December. I retired at 63 after being...
Obama or Romney? How Accurate Are Economic Models?
October 19, 2012 | Last week, Paul Solman examined how polls and election markets parse data to determine who will win an election, in this case, the 2012 presidential race between President Barack Obama and former Mass. governor Mitt Romney. One such pollster, featured...
Could Legalizing and Taxing Drugs Lower the Deficit?
October 19, 2012 | Photo by PhotoAlto/Ale Ventura via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Friday's query: Meg Ford: Could legalized and taxed drugs provide enough...
Do You Trust Polls? Should You?
October 18, 2012 | Paul Solman interviews professor Doug Schwartz at Quinnipiac University's Polling Institute. Politics professor Doug Schwartz runs the well-respected CBS/New York Times poll at Quinnipiac University. We interviewed him at the university's Polling Institute for a story on presidential prediction...
How to Follow the Prediction Markets in Real Time
October 18, 2012 | Digital Vision via Getty Images Four questions today, since they all concern our recent story on polls, professors and prediction markets. R Cooper: Where is the live link to IEM, Intrade, and BetFair that is supposed to be on...
How to Make Money on the Presidential Prediction Markets
October 17, 2012 | Mitt Romney and President Obama point fingers during the second presidential debate at Hofstra Univesity in New York. Photo by Charlie Neibergall/AP/New York Daily News. We first reported on presidential prediction markets in a favorite story of ours that...
Why Not Spend Even More on Health Care?
October 17, 2012 | A nurse paying a house call to an elderly patient. Photo by John Moore via Getty Images. Ed Beardsworth: If Revlon sells an extra $1billion worth of lipstick, that's a good thing. That adds to GDP, etc. If health...
Ask the Headhunter: Insider Secrets to Landing the Job
October 16, 2012 | Job search websites. Image by the PBS NewsHour. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and asked him to...
Q & A: 'How Do Family-Owned Corporations Compete With Joint Stock Companies?'
October 16, 2012 | Photo by Comstock Images via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's query: Steven Hall: How do family-owned corporations like SC Johnson...
Ask Larry: 'Can I Get Medicaid Without Losing Social Security Benefits?'
October 15, 2012 | A Doctor Examines A Senior Patient. Photo by Mario Villafuerte via Getty Images. Larry Kotlikoff's Social Security "secrets" and his answers to your questions have prompted so many of you to write in that we...
Why the President Is Still a Heavy Favorite on the Prediction Markets
October 12, 2012 | Ohio -- which has remained Obama friendly -- is one of three key states where Romney needs to gain support in order to swing the election in his favor. Photo by Mandel Ngan/AFP/Getty Images On the NewsHour tonight we explore...
America's Best Kept Financial Secret: I Bonds
October 11, 2012 | Photo of Social Security Checks at the U.S. Treasury. By William Thomas Cain/Getty Images Boston University finance guru should need no introduction to readers of this page, but for those who would like one, here it is. Zvi Bodie:...
American Ideology? There Is No Such Thing
October 10, 2012 | American flags at the U.S. Capitol. Photo by: Scott J. Ferrell/Congressional Quarterly/Getty Images Distinguished Fellow in Grand Strategy and Senior Lecturer Charles Hill has been on the Yale faculty since the mid-'90s after a long career in the U.S....
American Ideology: We Don't Practice What We Preach
October 10, 2012 | U.S. Capitol. Photo by Jewel Samad via AFP/Getty Images This is the first of two consecutive Making Sen$e posts by esteemed academic colleagues at different places on the political spectrum who don't have blogs, don't have newspaper columns, don't...
How Can Starting Your Own Business Help You Find Employment?
October 9, 2012 | Small business owners at work. Photo by Rod Lamkey Jr./AFP/Getty Images. Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on the relative futility of Internet job boards and...
Ask Larry: Can a Thirty-Something in Good Health Collect Social Security?
October 8, 2012 | Creative Commons Photo Courtesy of Flickr user Fabricator of Useless Articles Larry Kotlikoff's Social Security "secrets" and his answers to your questions have prompted so many of you to write in that we now feature...
'Have I Managed My Finances Properly For a Long Retirement?'
October 5, 2012 | Creative Commons photo courtesy flickr user Zadi Diaz. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's comes from a reader at Next Avenue. The NewsHour has partnered...
Unemployment Ticks Down to 7.8%, U-7 Down to 16.87%
October 5, 2012 | Construction jobs grew by 5,000 in August, according to the Bureau of Labor Statistics. Photo by Sam Hodgson/Bloomberg via Getty Images. A rare banner day on the jobs front, at least at first glance. The official unemployment rate --...
Spanish Dumpster Diving
October 4, 2012 | Night skyline of Madrid. Photo by: Angel Navarrete/Bloomberg via Getty Images A post from Madrid today on last week's sensational New York Times story and slide show on hunger rising in Spain. The post is courtesy of one of...
Can Candidates Get Tax Breaks for Contributing to Their Own Campaigns?
October 4, 2012 | Photo of Republican candidate Mitt Romney via Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Thursday's query: Harvey Weldon: If Romney were to contribute a...
While Candidates Debate, 27 Million Still Can't Get a Full-Time Job
October 3, 2012 | Photo of Job Seekers by Emile Wamsteker/Bloomberg via Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Steven: Please explain your U-7 figure...
Excerpt from a Newly Minted MacArthur 'Genius'
October 2, 2012 | Photo by the MacArthur Foundation. For a 33-year-old, Harvard economist Raj Chetty has a distressingly high number of accomplishments, to which he adds, today, the status of MacArthur "genius" Fellow. But in fact, people of good will should be...
'Talk Shop, Not Jobs': The Right Way to Network and More
October 2, 2012 | Photo by Bloom Productions via Getty Images PBS NewsHour: Ask The Headhunter Q&A with Nick Corcodilos, Ask The Headhunter® Nick Corcodilos is an expert on how to get a job. We ran into him while doing a story on...
If Job Boards Don't Work, Why Do Companies Screen by Computer?
October 2, 2012 | Warehouse manager at operations desk on computer. Photo by: John McBride & Company Inc. I first heard Wharton Business School Professor Peter Cappelli speak grim truths about today's job market at a conference in 2009. We then featured him...
Larry Answers Social Security Queries on the Divorced, Disabled, Deceased
October 1, 2012 | Creative Commons photo courtesy flickr user 26354. Larry Kotlikoff's Social Security "secrets" and his answers to your questions have prompted so many of you to write in that we now feature "Ask Larry" every Monday....
Do We Now Know Enough About Mitt Romney's Taxes?
September 28, 2012 | US Republican presidential candidate Mitt Romney speaks at a town hall meeting at Central High School in Grand Junction, Colorado, on July 10, 2012, where he said he has 'nothing hidden' in his taxes. Photo by: Nicholas Kamm/AFP/Getty Images...
Do Lower Taxes Goose Growth?
September 27, 2012 | Tax Day Photo by Joe Raedle/Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Mike Beaver: I listened to your discussion of tax...
More Job Search Secrets: Show Potential Employers the Money
September 27, 2012 | Photo of Job Seeker by Jonathan Alcorn/Bloomberg via Getty Images We're pleased to report that we may have found the Larry Kotlikoff of job secrets, professional headhunter Nick Corcodilos. Larry, as readers of Making Sen$e no doubt know, has...
Why Stocks Aren't Safe in the Long Run
September 26, 2012 | Image by photosindia via Getty Images. Boston University economist, pension guru and longtime friend of Making Sen$e Zvi Bodie has been featured often here, most recently on I-bonds, and TIPS. You can see him on Making Sen$e here and...
$16 Trillion and Deeper In Debt: How to Profit from a Dying Dollar
September 26, 2012 | Photo by Chris Ratcliffe/Bloomberg/Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: William McDonald: I don't want to sound like I think the...
A Tale of Two Job Seekers
September 25, 2012 | Image of John Franklin by the PBS NewsHour. Editor's Note | For our broadcast story about the frustrations of online job hunting -- which will air on the NewsHour Tuesday evening -- we interviewed headhunter Nick Corcodilos. He wrote...
No News is Good News; Good News is Better
September 25, 2012 | Photo by Phillip Spears via Getty Images The Case-Shiller index is out this morning, and housing prices continued to rise last month. Except perhaps for those shopping for homes, this is unambiguously good news. The more housing wealth, the...
Six Secrets To Beat the Job Market
September 21, 2012 | Unemployed Americans line up as they wait to gain entry to meet prospective employers at a Los Angeles Career Fair. Photo by: MARK RALSTON/AFP/Getty Images Recently, in doing interviews for an upcoming piece on the frustrations of online job...
A Look at Taxes and Retirement Savings
September 21, 2012 | Photo by: Kick Images via Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Today's query is from a reader at Next Avenue. The NewsHour has partnered...
QE3: What it Really Means
September 20, 2012 | Last week was a momentous one for world markets and the world economy. Since thousands of you now read this page daily, I feel some obligation to comment. Last thing's first. The significance of the Fed's action last week...
A Healthy Middle Class for a Healthy Economy?
September 20, 2012 | Photo by Michael Melford via Getty Images Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Thursday's query: Jeff Tuttle: I have always heard a healthy economy...
Why, With Unemployment So High, Do So Many Jobs Go Begging?
September 19, 2012 | An applicant speaks with a prospective employer at a New York job fair. Photo by: Getty Images/John Moore As former President Bill Clinton put it in his speech earlier this month at the Democratic National Convention, "there are already...
Trillions of Dollars in Bank Bailouts: Socialism for the Rich?
September 19, 2012 | Photo of the Federal Reserve by: Andrew Harrer/Bloomberg via Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Bill Harshaw: Sen. Bernie Sanders...
A Tax that Creates Jobs Instead of Just Enriching Owners?
September 18, 2012 | Photo by Bob Travaglione FoToEdge via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's query: Name: Frank T. Manheim Question: I'm INTENSELY frustrated...
When Will the Unemployed Riot?
September 17, 2012 | A man resists two arresting officers during a 1977 demonstration concerning unemployment in America. Photo by Brian Alpert/Keystone/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here...
Larry Kotlikoff Answers Your Social Security Questions
September 17, 2012 | Two men hold hands with their marriage license after their wedding ceremony at the Manhattan City Clerk's office in New York. Photo by Jin Lee/Bloomberg via Getty Images. Larry Kotlikoff's Social Security "secrets" and his answers to your questions...
Should You Not Pay Down Loans These Days?
September 14, 2012 | Creative Commons image courtesy flickr user nikcname. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's query is being posted today since it was bumped by the Democratic...
American Seniors: Poor No More
September 13, 2012 | Photo by Nick Dolding via Getty images. Wednesday's post on the release of 2011 census economic data brought the predictably downbeat news that inequality continued to increase in America last year, as it has for decades. But in poring...
A Million Dollars for an Extra Year of Life? 'It's my tax dollars!'
September 13, 2012 | Tracy Morgan with her husband Mark before he died of brain cancer in 2011. Paul Solman answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Name: Nancy Goodman...
It's Official: Inequality Still on the Rise
September 12, 2012 | Dominick Aldridga, 8, stands with his family at a mobile food pantry distribution point in Deposit, New York. According to the 2010 Census, 15.72 percent the population serviced by this mobile pantry live at or below the federal poverty...
How Safe Are Bonds? Warnings for a Mom Who May Be Getting Bad Investment Advice
September 12, 2012 | Stacks of one hundred dollar bills pass through a circulator machine at the Bureau of Engraving and Printing in Washington, D.C. Photo by Andrew Harrer/Bloomberg via Getty Images. Paul Solman answers questions from the NewsHour audience on business and...
Merle Hazard Hurtles Over the Fiscal Cliff
September 11, 2012 | On this page, we like to feature monetary minstrel Jon Shayne, a Nashville investment manager whose nom de croon is Merle Hazard. Merle has written and sung such classics as H-E-D-G-E, In the Hamptons, The...
What Does the Solman Scale Say about Unemployment?
September 11, 2012 | An applicant speaks with a prospective employer at a New York job fair. Photo by Getty Images/John Moore. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is...
Can Newly Minted U.S. Citizens Receive Social Security?
September 10, 2012 | A man takes the oath of allegiance at a citizenship ceremony at Saratoga National Historic Park. Creative Commons photo courtesy of flickr user Samantha Decker. Larry Kotlikoff's Social Security "secrets" and his answers to your questions Answers to Benign...
A Bad Jobs Report: Unemployment Down but U7 Still Above 27 Million
September 7, 2012 | Job seekers wait for a career fair to open in Denver, Colo. Photo by John Moore/Getty Images. The delegates at the Democratic convention greeted President Obama enthusiastically Thursday night. Friday morning's job numbers did not. Quite the opposite. Job...
What Deductions Might Romney Cut? Two Eminent Economists Duke it Out
September 6, 2012 | Bill Clinton blistered the Republicans on a variety of points last night but prominent among them, to an economics correspondent, was his attack on the Romney/Ryan budget plan and its tax cut for the upper crust. "That makes the...
Keynes or Say? How Do I Vote?
September 6, 2012 | Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Name: Brian Christopher Question: Hi, Paul. Just read your post on Keynes vs. Say's Law. Thanks...
Is Academia Becoming an 'Idea Graveyard?'
September 5, 2012 | Photo credit: j.gresham via Flickr Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Name: Michael Shinder Question: Science and technology don't seem to be...
Which Economists Can See the Future?
September 4, 2012 | Nassim Taleb and Nouriel Roubini predicted the last collapse. But even they don't think that means they'll be able to predict the next one. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on...
Ask Larry: Can Social Security Disability Cover Care for Children with Down Syndrome?
September 3, 2012 | Retirement expert Laurence Kotlikoff advises readers on various Social Security subjects, including disability benefits for disabled children. Creative commons photo by Daniel Rivas Pacheco, via Wikimedia Commons. Larry Kotlikoff's Social Security "secrets" and his answers to your questions Answers...
Better Off than Four Years Ago? Compared to What?
August 31, 2012 | Prior to the Democratic National convention, Paul Solman talked with Jared Bernstein to get the party's economic platform. Bernstein was the chief economic advisor to Vice President Biden from 2009 -- 2011. Photo by the PBS NewsHour. While the...
How Best to Leverage Small Savings? Buy, Fix Up, Rent Out?
August 31, 2012 | Creative Commons photo of a 'fixer-upper' home in Boone County, Ill. courtesy flickr user minolta102. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's query comes from a...
We Spend How Much on Egypt's Military?
August 30, 2012 | Soldiers stand guard along the route of the funeral of Omar Suleiman, former chief of intelligence in Egypt as well as a presidential candidate, on Saturday, July 21, 2012, in Cairo, Egypt. Photo by James Lawler Duggan/MCT via Getty...
Whatever Happened to 'Discover Economics with Paul Solman'?
August 30, 2012 | Paul Solman produced a set of videos to teach the basics of economics in 2004 to accompany McGraw-Hill's introductory textbooks. This comes from "The Basics of Graphing." Paul Solman frequently answers questions from the NewsHour audience on business and...
Should 'Old' People Get Mortgages? (Second Time Around)
August 29, 2012 | Homes at the intersection of 18th and S St. NW in the Dupont Circle neighborhood of Washington, D.C. Creative Commons photo courtesy flickr user NCinDC. After posting and then reposting an answer about "old" people and mortgages on Making...
Where in the World is ESPlanner Basic?
August 29, 2012 | A view of ESPlanner Basic. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is today's query: Name: Ervin Question: You're a lone beacon of hope on...
Case-Shiller Numbers Suggest "Firming" Housing Market
August 28, 2012 | The Case-Shiller housing index came out this morning , and as expected, the numbers for June are reassuring. For the last few months, prices have been rising in the 20 metropolitan areas covered by the index and with June's...
Economists Debate: Keynes v. Say
August 28, 2012 | Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's query: Name: Peter Eggenberger Question: Most of the disagreements between Keynesians and anti-Keynesians about current economic problems seem...
Ask Larry: How Do I Estimate Social Security Benefits If I Don't Know My Ex's Earnings?
August 27, 2012 | Retirement plan image by Kick Images via Getty Images. Retirement expert Laurence Kotlikoff advises Making Sen$e readers on various Social Security subjects, including how to determine what benefits one might receive even if they don't know their ex's entire...
Days Before the Republican National Convention, 'Hurricane' Isaac Marks Tampa's Excitement
August 24, 2012 | Paul Solman interviews Douglas Holtz-Eakin, left, former chief economic policy advisor to John McCain in 2008 in Tampa, Fla. before the Republican National Convention gets underway. Just leaving Tampa today as the bulk of the Republican Party arrives. The...
How Safe Are Government Bonds in Cyberspace?
August 24, 2012 | Photo by the PBS NewsHour. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's query comes from a reader at Next Avenue. The NewsHour has partnered with Next...
Stash the 'stache? And the Verdict Is...
August 23, 2012 | America has spoken. Or, to be more accurate, 80 percent of my grandchildren have and a slightly smaller portion of the population as a whole. The question my colleagues posted on Making Sen$e: Should...
Is a Progressive Flat Tax an Oxymoron?
August 23, 2012 | A protestor wears stickers on his face during a tax day demonstration April 17, 2012 in New York City. Photo by Justin Sullivan/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on...
On the QT: A Few More Social Security Secrets
August 22, 2012 | Why this picture? Because our Social Security expert, Laurence Kotlikoff, sometimes advises older couples to get married only after age 60 in order to collect maximum benefits. Photo by Annie Griffiths Belt, National Geographic collection via Getty Images. Boston...
Revisiting Bernini, Master of Marble
August 21, 2012 | The trigger for this post is the publication of a new book on Baroque sculptor Gian Lorenzo Bernini, "Bernini's Beloved: A Portrait of Costanza Piccolomini." The author, Emory University art historian Sarah McPhee, is the daughter of New Yorker writer...
Can Families with Small Kids Cut the Boarding Line?
August 21, 2012 | United Airlines planes parked at the terminal at San Francisco International Airport. Photo by Justin Sullivan/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's...
Your Social Security Questions, Answered
August 20, 2012 | Retirement expert Laurence Kotlikoff answers more of your Social Security questions, including what to do before reaching 70, the full retirement age. Photo by Purestock via Getty Images. Editor's Note | This post was updated after publishing. Larry Kotlikoff's...
What Student Loan 'Crisis'?
August 20, 2012 | We reported on student loan debt in a pair of stories earlier this year: "The State Of Student Loans: More Debt, More Defaults, More Problems" and "Student Loan Debt: To Pay or Not to Pay?" Paul Solman frequently answers...
Where Are All These Summer Workers Coming From?
August 17, 2012 | If you've been to the beach this summer, chances are you've run into seasonal workers from abroad. Our own Lee Koromvokis, esteemed NewsHour producer, said they were everywhere on a recent trip to Cape May, N.J.: "The waiter who served...
Does It Make Sense to Get a 30-Year Mortgage at Age 66?
August 17, 2012 | A view of the Trump Tower on 5th Avenue in New York. Photo by Timothy A. Clary/AFP/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's query...
Money and Ethics
August 16, 2012 | Name: Michelle Westermann-Behaylo, J.D. Ph.D. Question: Each semester for the past few years, I have showed my students a clip from Paul Solman on ethics in business education, and the oath that many MBA students were...
Has Goldman Sachs Bought Off Making Sen$e?
August 16, 2012 | People are reflected in glass as they walk past Goldman Sachs headquarters. Photo by Mario Tama/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here are Thursday's...
Purple Squirrels and the Reserve Army of the Unemployed
August 15, 2012 | Creative Commons photo courtesy flickr user Todd Mecklem. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Name: Frances Barbuto Question: Many times you do...
Social Security: Absurdly Complex? Not that Hard to Fix?
August 15, 2012 | Members of the 'supercommittee' participate in a Joint Deficit Reduction Committee hearing October 26, 2011 in Washington, D.C. Although a resolution was never reached, Social Security was on the table. Photo by Mark Wilson/Getty Images. Larry Kotlikoff's "34 Social...
Economic Inequality and Fakery in Art
August 14, 2012 | This statue of an Etruscan warrior in the Metropolitan Museum of Art collection was proven to be a fake in 1961. Photo by Alfred Eisenstaedt/Time & Life Pictures/Getty Images. Today's post is a departure for Making Sen$e: one of...
Does the Fed Feed the Treasury? What's Their Relationship Really Like?
August 14, 2012 | A pressman inspects the roll out of $20 bills at the U.S. Bureau of Engraving in Washington, D.C. The government agency within the Department of the Treasury designs and produces a variety of security products, most notably paper currency...
Readers Weigh In: Stash the 'Stache?
August 13, 2012 | Editor's Note | Now for something up close and personal. After an intimate relationship that began during the first Nixon Administration, Paul Solman is considering calling it quits. With his mustache, that is. During a Midwest vacation, he mustered the...
Social Security Questions? Just Ask Larry
August 13, 2012 | Herm and Flo Dorion celebrated their 70th wedding anniversary on July 11. Social Security expert Larry Kotlikoff answers readers' questions on retirement, including when to take spousal benefits. Photo by Autumn Cruz/Sacramento Bee/MCT via Getty Images. Larry Kotlikoff's Social...
Neil Barofsky Lauds Barney, Blasts Dodd-Frank
August 10, 2012 | Our final outtake from our Aug. 2 interview with SIGTARP Neil Barofsky: Special Inspector General for the Troubled Asset Relief Program. (Note that the full title runs 59 letters, which the acronym pares down to a...
What's the Best Way to Fund a College Fund?
August 10, 2012 | The 2012 Vassar College Commencement in Poughkeepsie, New York. Photo by Paul Zimmerman/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's query comes from a reader...
Neil Barofsky on 'Foaming the Landing' for Banks
August 9, 2012 | On Making Sen$e this week we've been featuring outtakes from my interview with top TARP cop Neil Barofsky, appointed by President Bush and retained by President Obama to prevent fraud in the $700 billion Troubled Asset...
When Will the Deficit Hit $10 Trillion? 2036? 2057? But So What?
August 9, 2012 | Digital composite by Travel Images/UIG via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Name: Jack Doyle Question: How long will it...
Neil Barofsky on the Corrupting 'Elixir of Power'
August 8, 2012 | Wednesday we present the second installment of outtakes from my encounters with Neil Barofsky, Special Inspector General for the $700 billion Troubled Asset Relief Program, known in Washington, D.C. as the SIGTARP. (I'm not making this...
When a Bank Loses Billions, Who Wins?
August 8, 2012 | President and CEO of JPMorgan Chase Co. Jamie Dimon testifies before a Senate Banking Committee hearing in June. The committee was hearing testimony from Dimon on how JPMorgan Chase lost billions in stock market trades. Photo by Mark Wilson/Getty...
TARP Top Cop Neil Barofsky on Drug Lords and Mortgage Fraud
August 7, 2012 | On Making Sen$e lately we've been featuring outtakes from my encounters with especially intriguing interviewees. The most recent was Neil Barofsky, appointed by President Bush and retained by President Obama to prevent fraud in the $700...
Is $850,000 Enough to Retire On?
August 7, 2012 | A pedestrian passes a Fidelity Investments branch in New York. Photo by Victor J. Blue/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is...
Larry Kotlikoff on Social Security: 'We're Not in Kansas Anymore'
August 6, 2012 | From left to right, Jack Haley as the Tin Man, Ray Bolger as the Scarecrow, Judy Garland as Dorothy and Bert Lahr as the Cowardly Lion in the MGM film "The Wizard of Oz," 1939. MGM Studios/Archive Photos/Getty Images....
Should You Own the Banks? Should the Public Own Everything?
August 6, 2012 | Branch office of BB&T bank in Lexington, N.C. Creative Commons photo by Dennis Brown via Wikimedia Commons. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Monday's...
11 Social Security Mistakes People Make
August 3, 2012 | Photo by Jim McGuire via Getty Images. The hits just keep on coming. The Internet hits for Larry Kotlikoff and his Social Security Secrets, that is. We're still getting tens of thousands a day and wave after wave of...
U7 Unemployment Rises Again: How Little We Know
August 3, 2012 | Viewed on a computer screen, jobless veterans take a class at the new Workforce1 Veterans Career Center on July 31 in New York City. According to the Bureau of Labor Statistics, the unemployment rate for all veterans in June...
Social Security Confusion: Our Expert Dispels Some More
August 2, 2012 | Creative Commons photo courtesy Flickr user Fabricator of Useless Articles. The Social Security tsunami continues with more queries for retirement authority Larry Kotlikoff. Larry's Making Sen$e post earlier this week, 34 Social Security Secrets You Need to Know Now,...
Young Spaniards: Move Out or Resign Yourself to Sex in the Car
August 2, 2012 | Vacant apartment homes in Spain, from Paul Solman's 2010 story Spain's Housing Market Slide Adds to Europe's Economic Troubles. This story at Bloomberg the other day caught our attention: the lengths to which Spanish real estate owners are going...
Answers to Benign and Scary Social Security Questions
August 1, 2012 | Ron Hillyer, who was a custodian in the D.C. public schools for 32 years before retiring, gets a group hug from students who remember him. Photo by Jahi Chikwendiu/The Washington Post via Getty Images. Boston University economist Larry Kotlikoff's...
What Impact Would Eliminating the Payroll Cap Have on Social Security?
July 31, 2012 | Creative Commons photo courtesy flickr user 401 2012. Monday's post featuring Boston University economist Larry Kotlikoff and his "34 Social Security Secrets" is attracting viewers like a new Lady Gaga video -- at least by Making Sen$e standards. Tens...
Optimism in Latest U.S. Home Prices
July 31, 2012 | Real estate agent Diane Olson opens the sliding glass door of a model home in Gilbert, Ariz. "[Phoenix] was one of the hardest hit cities in the collapse, and prices are still more than 50 percent below their June...
34 Social Security Secrets You Need to Know Now
July 30, 2012 | Treasury employee Linda Tarkenton of Philadelphia holds a blank U.S. Treasury check before it's run through a printer at the U.S. Treasury printing facility. Photo by William Thomas Cain/Getty Images. Update: | Laurence Kotlikoff has agreed to answer your...
Why Do Some Get Preferential Treatment?
July 30, 2012 | A TSA agent instructs travelers on traveling through security lines at Pittsburgh International Airport. Photo by Jeff Swensen/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here...
What Charles Murray Thinks of Your Bubble Score
July 27, 2012 | Paul Solman interviews author Charles Murray about his book "Coming Apart" at a local diner near Murray's hometown of Burkittsville, Md. Within just a few days, more than 2000 of you have responded to the "Do I Live In...
Is It Ever a Good Idea to Throw Money at Insurance Companies?
July 27, 2012 | Registered nurse Susan Eager discusses medication with patient Helen Ricci, 96 during a house call in Denver, Colo. Photo by John Moore/Getty Images. The NewsHour has partnered with NextAvenue, a new PBS website that offers articles, blogs and other...
Will Technology Help or Hinder the Gap Between the Haves and Have-Nots?
July 26, 2012 | Potential customers try various models of smartphones at a mobile telecommunication fair in Bangkok. Photo by Christophe Archambault/AFP/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here...
Grains of Hope Amid Pain in Spain: A Far-Flung Hotelier Reports
July 26, 2012 | Government employees demonstrate in the center of Madrid after conservative Prime Minister Mariano Rajoy announced the latest measures to lower Spain's deficit: an $80 billion austerity package involving cuts in unemployment benefits. Photo by Dominique Faget/AFP/GettyImages. Earlier this week...
Who Will Gain From Technology's Advances? Who Will Be Left Behind?
July 25, 2012 | Creative Commons photo courtesy flickr user o5com. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Name: Manuel Avila Question: This is in response to...
Should We Worry About Mercenary Occupiers?
July 24, 2012 | A photo of the Occupy Wall Street protests in October, 2011 by Jackie Weir. See more. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's query:...
You Tell Us: Do You Live in a Bubble?
July 24, 2012 | Creative Commons photo by Marceltheshell via Wikimedia Commons. The "Do You Live in a Bubble?" quiz, concocted by Charles Murray and first published here on Making Sen$e back in March, has generated more than 200,000 views thus far, and...
Do Other Countries Piggyback On U.S. Healthcare Spending?
July 23, 2012 | Photo by John Moore/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Monday's query: Name: Andrew Mungai Question: As a Kenyan with a business degree...
Spain's Death Spiral
July 23, 2012 | The interior of the Madrid Stock Exchange, or Bolsa y Mercado, on Monday, July 23, 2012. Spanish bonds slumped, with 10-year yields climbing to a euro-era high, after the Spainish newspaper El Pais said six regions may ask the...
Environmental Stand-up Economist: 'We're Going to Find Out How Bad Climate Change Really Is'
July 20, 2012 | Stand-up economist Yoram Bauman spent five months in China recently, studying climate change at a university and sending occasional video dispatches to us at Making Sen$e. I myself spent some time in China in 2005, reporting...
The Biggest Mistake You Need to Stop Making About Retirement
July 20, 2012 | Photo by Kick Images via Getty Images. The NewsHour has partnered with Next Avenue, a new PBS website that offers information and resources for adults over 50. Friday's question is another from our baby boom finance friends at PBS's...
Is Campaign Spending a Lousy Idea, or Does it Help the Economy?
July 19, 2012 | President Barack Obama and Republican presidential candidate Mitt Romney were both campaigning in the swing state of Ohio earlier this summer. Both sides are poised to spend $1 billion each in the race to the White House. Paul Solman...
A Flaw in Our College Costs vs. Income Calculator?
July 18, 2012 | Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Name: Carol Christen Question: Paul, the calculator is great. But it has a serious flaw. Few...
The U.S. as the New Saudi Arabia: An Environmentalist's Nightmare?
July 17, 2012 | A flame from a Saudi Aramco oil installation known as 'Pump 3' burns brightly during sunset in the Saudi Arabian desert. According to Forbes, Saudi Aramco generates more than $1 billion a day in revenues...
Chinese Identity Amid an Economic Slowdown
July 16, 2012 | A security guard patrols outside the headquarters of the Bank of China in the Xidan shopping area of Beijing. Photo by Mark Ralston/AFP/Getty Images. With all the talk of a Chinese economic slowdown there, I have a suggestion: Read...
Where Is a Safe Place to Invest?
July 13, 2012 | Today we add a new wrinkle to Making Sen$e. The NewsHour has partnered with Next Avenue, a PBS site "that provides in-depth information, perspective and inspiration to help those 50 years old and older navigate their next life stage."...
Ray Kurzweil on Bringing Back the Dead and a Viewer Question: When Is Paul Solman Going to Retire?
July 12, 2012 | We round out "Ray Kurzweil Online" with the third and final installment of our miniseries. Thursday's outtake with Mr. Immortality: Does Kurzweil believe that an avatar of his dead father -- created with artificial intelligence and...
Ray Kurzweil's Immortality Cocktail; And a Student Loan Skeptic
July 11, 2012 | Wednesday we feature the second of our interview outtakes with inventor/author/futurist Ray Kurzweil. (Tuesday's installment: the melding of man and machine.) In our broadcast story, which debuted on Making Sen$e Monday, Kurzweil explained that his recipe...
Buying Gold and Futurist Ray Kurzweil on Melding of Man and Machine
July 10, 2012 | Author, inventor and futurist Ray Kurzweil has been a key voice in our occasional series on the future of technology. The latest installment on the advent of immortality debuted here on Making Sen$e July 9. As...
Disappearing Dead: Economic Optimism about Immortality
July 9, 2012 | Will we one day be able to live forever? Interesting question, especially for a page where I usually take your financial, rather than science, questions. But what is the goal of economics if not the greatest...
Are Student Loans Forgiven for the Peace Corps or Disability?
July 9, 2012 | Peace Corp volunteer Scott Wilhelm, right, worked as an agroforestry volunteer in El Salvador, assisting local farmers in growing fruit trees after a volcanic eruption destroyed their crops. Photo by the Peace Corps via a U.S. Government Work license....
U7 Unemployment Rises Again
July 6, 2012 | An applicant speaks with a prospective employer at a New York job fair. Photo by John Moore/Getty Images Distressing. That's our verdict after studying this morning's unemployment data for June. Basic facts from the monthly survey of 60,000 US...
Compared to Europe, Does the U.S. Really Have Its Act Together?
July 5, 2012 | A euro coin rest on top of a dollar bill. Photo by: Dan Kitwood/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Name:...
What Would Happen to Money Supply if We Returned to the Gold Standard?
July 4, 2012 | Gold bars and coins at a gold dealer in London. Photo by Chris Ratcliffe/ Bloomberg/ Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's...
If We Could Time Travel with Krugman, Would He Still Recommend Stimulus?
July 3, 2012 | A Metropolitan Transit Authority engineer walks through a tunnel at the Long Island Rail Road East Side Access project, which received economic stimulus money. Photo by: Scott Eells/Bloomberg/Getty Images Paul Solman frequently answers questions from the NewsHour audience on...
In Choosing Assets, What's Safer than U.S. Bonds?
July 2, 2012 | Silver coins and bullion bars sit on display in the window of a bank in Vienna, Austria. Photo by Akos Stiller/Bloomberg/Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making...
Is Workplace Marijuana Testing a Boondoggle or Money Saver?
June 29, 2012 | Photo of a small marijuana plant in Oakland, Calif. by Tony Avelar/The Christian Science Monitor via Getty Images. Name: Patricia Schwarz Question: Has pre-employment urine screening for marijuana actually helped businesses save money? According to studies done for the...
Using a Retirement Account to Buy a Home, Plus a Paul Krugman Round-Up
June 28, 2012 | Economists Robin Wells and Paul Krugman. Photo by PBS NewsHour. Our web-exclusive interviews with Paul Krugman, accompanied by conservative critiques, and one with his wife, Robin Wells, have garnered so much attention that all five ranked among the nine...
A Q-and-A, Plus a Ditty and Contest as U.S. Races Toward the 'Fiscal Cliff'
June 27, 2012 | Wednesday we debut a new song by the superstar of C&E music , Merle Hazard. We have featured Merle, who bears an uncanny resemblance to Nashville money manager Jon Shayne, proudly and often here on Making Sen$e....
U.S. Housing Prices on the Rise -- Except in Detroit
June 26, 2012 | Shuttered and repossessed homes line the streets of a middle class neighborhood on the East side of Detroit. Photo by Charles Ommanney/Getty Images. Only in Detroit. That's the punchline from the monthly S&P/Case-Shiller housing survey, published Tuesday morning with...
Is Google Scared? Submit Your Questions on the Future of Social Media
June 25, 2012 | On Friday's show, I interviewed Rory O'Connor, longtime video journalist, blogger and author of the new book, "Friends, Followers and the Future," about the power and perils of social networks. O'Connor has agreed to answer Making...
Robin Wells on Universal Coverage, Europe Unwinding and Husband Paul Krugman
June 22, 2012 | In the last installment of our extended profile of Paul Krugman, we turn to his wife Robin Wells. An economist who also co-authors textbooks with him, Wells talked with us at their home on a particularly rainy day --...
Paul Krugman on the 'Cartoon Physics' of the 2008 Crash
June 21, 2012 | Thursday marks the penultimate installment of our extended profile of economist and New York Times columnist Paul Krugman here on Making Sen$e. The topic: What happened in the great crash of '08? Are we in danger...
Paul Krugman on Ben Bernanke's 'Green Shoots'
June 20, 2012 | Continuing our profile of economist Paul Krugman, we turn to a topic in the news today: the Federal Reserve. On Monday, remember, we featured Krugman on European austerity, with a response from Jacob Kirekegaard of the...
Paul Krugman on Europe 'Doing the Unthinkable'
June 19, 2012 | This week we're profiling one of the more prolific, public and controversial economists -- Paul Krugman. We couldn't fit everything of interest into one piece, so over the next few days we're rescuing some of his...
Economist Paul Krugman on Germany's 'Whips and Scourges'
June 18, 2012 | Welcome to "Paul Krugman Week" here on Making Sen$e. We'll be devoting the next five days to excerpts from our extensive interview with him a few weeks ago at his home in Princeton, N.J., plus parts...
In Defense of Borrowed Money
June 15, 2012 | Photo by Philip Taylor PT via Flickr Creative Commons. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Friday's query: Name: Jason Copping Question: Has the U.S....
Breaking Down the Finer Points of Jamie Dimon's Testimony
June 13, 2012 | President and CEO of JPMorgan Chase, Jamie Dimon testifies before a Senate Banking Committee hearing on Capitol Hill Wednesday. The committee is hearing testimony from Dimon on how JPMorgan Chase lost over $2 billion in stock market trades. Photo...
Betting on Death: Creepy or Not?
June 12, 2012 | Monday night the NewsHour featured my discussion with Harvard professor Michael Sandel about his new book, "What Money Can't Buy," born from his famed, regularly mobbed Harvard course, "Justice," most of which is online and hugely...
A 'Lord's Prayer' for Spain's Economic Troubles
June 11, 2012 | Banco de Espana . Photo by Two Steps Behind via Flickr Creative Commons. Today, in the last of our pain-in-Spain posts, a viral version of the Lord's Prayer, as tweeted by Paul Solman over the weekend. Our...
In Spain, a Disturbing Lack of Confidence
June 8, 2012 | Bank of Spain in Madrid. Photo by Dominique Faget/AFP/Getty Images. It's "Pain in Spain" week here at Making Sen$e. Thus far we've featured a two-part dispatch from former New York Times correspondent Ana Westley. Today, her husband takes center...
Is Everyone Sharing the Pain in Spain?
June 7, 2012 | Church of Our Lady of Incarnation in Spain. Photo by SantiMB via Flickr Creative Commons. In the second part of her dispatch from Spain, former New York Times correspondent and friend of Making Sen$e, Ana Westley describes the privileges...
More Pain in Spain
June 6, 2012 | People take part in a protest in front of a BBVA bank office in Barcelona. Photo by Josep Lago AFP/Getty Images This week here at Making Sen$e, we'll be featuring dispatches from Europe's financial front lines - mainly and...
Who Benefited from JPMorgan's Losses?
June 5, 2012 | JPMorgan Chase world headquarters on Park Avenue in New York City. Photo by Timothy A. Clary/AFP/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's...
The Heavy Load of Student Debt
June 4, 2012 | We first set out to cover the student-debt story last year when we read David Graeber's book, "Debt: The First 5000 Years" and listened to him speak (online). Graeber was pushing a proposal for mass repudiation...
Unemployment Rate Rises to 8.2% as 69,000 New Jobs Are Added in April
June 1, 2012 | Unemployed veterans search for work at a job fair in Utica, N.Y., last month. Photo by Spencer Platt/Getty Images. Uh -- not so good. Not so good at all. That's the verdict for Friday's unemployment numbers. Not only did...
Can You Still Work Your Way Through College?
May 30, 2012 | Vassar College Commencement on May 20 in Poughkeepsie, New York. Photo by Paul Zimmerman/Getty Images. In researching the growing amount of college loan debt that students are taking on as academic sticker prices steadily increase, we wondered: Is it...
With Digital Currency, Are Bank Runs Possible Anymore?
May 30, 2012 | James Stewart standing in the cashier cubicle in a bank run scene from the 1946 film "It's a Wonderful Life". Photo by RKO Radio Picture/Getty Images. Monday's Making Sen$e post asked you a question: Would you keep your euro...
'At Least the Rate of Decline Has Slowed' in U.S. Housing Prices
May 29, 2012 | Highrise condominiums line Chicago's Lake Shore Drive. Chicago, along with Atlanta, Las Vegas, New York and Portland, saw average home prices hit new lows according to the May S&P/Case-Shiller Home Price Indices report. Photo by George Rose/Getty Images. The...
A Run on Greek Banks? Today?
May 28, 2012 | A woman asks for money in Athens next to a newsstand as journalists staged a 24-hour strike to protest cuts to jobs and salaries prompted by the country's financial recession on May 28. Photo by Louisa Gouliamaki/AFP/Getty Images. Paul...
Is Long-Term Care Insurance a Good Idea?
May 25, 2012 | Registered nurse Susan Eager pays a house call visit to a patient in Denver, Colo. Photo by John Moore/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page....
Do You Get Back All Your Money From a U.S. Bond?
May 24, 2012 | A trader works at the New York Stock Exchange. Photo by Scott Eells/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query:...
If Greece Were a Binge Drinker
May 23, 2012 | A Greek flag flies next to a statue of Socrates in Athens. IMF chief Christine Lagarde on Wednesday warned of the risk of "contamination" if Greece quits the euro and said the eurozone might therefore see the value of...
Does It Ever Make Sense to Dip Into Your 401(k)?
May 22, 2012 | Creative Commons photo by Flickr user Thomas Hawk. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Tuesday's question comes from an in-house NewsHour staffer who wishes to remain...
Is It Better to Save or to Spend?
May 21, 2012 | Banner protesting austerity measures in Brussels, Belgium. Photo by Morgan Till/PBS NewsHour. Restricted as this page usually is to questions , its posts can, I realize, seem more than a bit off the news. This is especially true...
Aren't We All Better Off if Fannie, Freddie Forgive and Forget?
May 17, 2012 | Fannie Mae headquarters in Washington, D.C. Photo by Flickr user futureatlas.com via a Creative Commons license. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query:...
Why Isn't There a Single World Currency?
May 16, 2012 | A pile of money from around the world -- currencies of the U.S. , U.K. (pound), and Europe (euro). Creative Commons photo courtesy flickr user Images_of_Money. Paul Solman frequently answers questions from the NewsHour audience on business and economic...
Are U.S. Wages Enough to Live On?
May 15, 2012 | A waitress carries a pizza to customers at Gino's East restaurant in Chicago. Wait staff in Illinois earn $2.13 an hour, before tips. Photo by Daniel Acker/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience...
Worried About Retirement? An Excellent Free Video Tool Debuts
May 14, 2012 | Image of "Curious Behaviors" used with permission of the Financial Security Project at Boston College. A suggestion for those pondering retirement: a new interactive video tool introduced by old friend Alicia Munnell, professor of management, director of the Center...
The 'Safest Investment' for Americans
May 11, 2012 | Finance professor Zvi Bodie talks to Paul Solman in 2011 about pension woes. In response to our post of May 9 on the benefits of Treasury Inflation-Protected Securities, this arrived from the eminent finance guru from Boston University, FoM¢*...
'The Scream': For Love or Money?
May 10, 2012 | "The Scream," painted by Edvard Munch in 1895, sold at a record price of $119.9 million on May 2. A few belated thoughts on the economics of art in the wake of the $120 million price fetched by Edvard...
Making Sen$e: Hot TIPS on Where To Invest
May 9, 2012 | Photo by Kick Images via Getty Images. Readers of this page regularly ask about Treasury Inflation-Protected Securities , which I've long said are my own preferred investment vehicle. Do TIPS still make up more than half the...
Is the IRS Sexist When It Comes to Child Care?
May 8, 2012 | Photo by Subactive_Photo via Flickr Creative Commons Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's query: Name: JJ Question: What's with the inequitable treatment of...
Stand-Up Comedian Baratunde Thurston on 'How To Be Black'
May 7, 2012 | Baratunde Thurston seemed like something of a wonder: a stand-up comedian via Sidwell Friends and Harvard. I note, however, that there is now something called The Harvard College Stand-Up Comic Society, so perhaps surprise is unwarranted....
Slim Job Growth in April, But Fewer Americans Reporting They Worked
May 4, 2012 | People wait in line at a job fair in the Queens borough of New York City. Photo by Spencer Platt/Getty Images. It's time for the unemployment news, and our monthly U-7, the most inclusive stat on un- and underemployment...
Measuring Worth, $1 at a Time
May 3, 2012 | Photo by Flickr user borman818 Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Name: Ed Question: Exactly how much is $1 worth today? Paul...
Nobel Laureate Robert Merton: Is U.S. Job Growth Happening in Vietnam?
May 2, 2012 | An International Paper Co. employee works on the floor of the company's factory in Mt. Carmel, Pa. The company was one of 35 big U.S.-based multinational companies to add jobs faster than other U.S. employers in the past two...
From the Subprime to the Ridiculous
May 1, 2012 | Wells Fargo & Co., the largest U.S. home lender, reported a 13 percent rise in its first-quarter profit in April, setting a record as the bank made more money on new mortgages and curbed losses from old ones. Photo...
How Do Speculators Affect Gas Prices?
April 26, 2012 | An attendant displays a fuel pump at a gas station in the Brooklyn borough of New York. Photo by Victor J. Blue/Bloomberg via Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news...
Do We Need Government Intervention to Create More Jobs?
April 25, 2012 | Civilian Conservation Corps workers in 1933 construct a road. Public domain photograph from the Franklin D. Roosevelt Library and Museum via Wikimedia Commons. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his...
Latest U.S. Home Prices Show Your Largest Asset May Be Withering Away
April 24, 2012 | Homes in the Georgetown neighborhood of Washington, D.C. The nation's capital saw the highest price index level of all 20 areas the S&P/Case-Shiller report covers. Creative Commons photo courtesy of flickr user NCinDC. If you're one of millions of...
The Gap Between Tax Revenues and Government Spending
April 20, 2012 | A bicyclist rides through the plaza on the east side of the U.S. Capitol. Photo by Chip Somodevilla/Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here...
Why Do Oil Speculators Cause So Much Grief at the Pump?
April 19, 2012 | Larry Bessler purchases gasoline at a Shell station. Photo by Scott Olson/Getty Images Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Thursday's query: Name: Jim Question:...
Does the Fed Create Money Out of Thin Air?
April 18, 2012 | Creative Commons photo courtesy flickr user 401K. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesay's query: Name: Jen Question: Here is my dilemma: I took...
Getting the Laffer Curve Right
April 17, 2012 | Watch Arthur Laffer explain the Laffer Curve in "Taxes: How High is Too High?" Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Tuesday's query:...
More on Charles Murray and the Jobless Future
April 12, 2012 | A man participates in the Occupy Wall Street protests on Oct. 4, 2011. See more, including a slideshow, with "A Day With the Occupiers of Wall Street." Photo by Jackie Weir. Paul Solman frequently answers questions from the NewsHour...
The IRS Versus a New Yacht: Will Raising Taxes on the Rich Cost Jobs?
April 11, 2012 | Standing with millionaires and their assistants, President Obama made a statement about the 'Buffett Rule' on April 11, 2012. Named after the billionaire investor Warren Buffet, the 'Buffet Rule' would ensure that the wealthiest Americans pay at least 30...
Is Better Education the Answer to Dwindling Job Creation?
April 10, 2012 | Students participate in a science lab at the University of Illinois-Springfield. Creative Commons photo courtesy of Flickr user jeremy.wilburn. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here...
Unemployment Rate Dips to 8.2% as 120,000 New Jobs Are Added in March
April 6, 2012 | A job seeker holds a job application during the San Francisco Hirevent job fair last month. Photo by Justin Sullivan/Getty Images. The online headlines sum up the just-released March unemployment numbers: "Job Growth Loses Steam," announced the Wall Street...
A 'Bubble' Media Diet: The Daily Show, M*A*S*H and the PBS NewsHour?
April 5, 2012 | Jon Stewart interviews Adm. Mike Mullen during a 2010 "Daily Show" taping. Public domain photo via the U.S. Navy In Tuesday's post, which featured viewer emails responding to Charles Murray's bubble quiz, we published one from a 61-year-old "denizen...
Are Strategic Defaults the Housing Crisis' Culprit?
April 4, 2012 | Creative commons image courtesy of flickr user truliavisuals. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Name: Tuba Gokcek Question: Strategic defaults are a...
Your Thoughts on the Bubble Quiz
April 3, 2012 | Creative commons photo courtesy flickr user Smaku. A bevy of emails have inundated our inbox since we first posted Charles Murray's popular quiz, "Do You Live In a Bubble?" and its attempt to ascertain users' socio-economic status and that...
The Mega Millions Lottery: to Play or Not to Play?
March 30, 2012 | Tammy Redlen and Sierra Luchien walk into Bluebird liquor store in Hawthorne, Calif., after waiting in line for nearly three hours to purchase their Mega Millions ticket. Photo by Kevork Djansezian/Getty Images. When a lottery pot gets as big...
Where Does Temp Work Fit Into Underemployment?
March 29, 2012 | Unemployed and underemployed workers and supporters at the American Dream Movement Rally in October 2011. Creative Commons photo by David Sachs/SEIU lnternational. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making...
Does Europe Face a Corporate Takeover?
March 28, 2012 | European flags in front of the Berlaymont building, headquarters of the European Commission -- the executive of the European Union -- in Brussels, Belgium. Creative Commons photo courtesy Flickr user TPCOM. Paul Solman frequently answers questions from the NewsHour...
U.S. Home Prices Still Going Down
March 27, 2012 | San Francisco saw one of the sharpest declines in home sales from December 2011 to January 2012, according to the S&P/Case-Shiller Home Price Indices. Photo by Chip Chipman/Bloomberg via Getty Images. This post has been updated. From their peak...
Does the Federal Reserve Have Too Much Power?
March 26, 2012 | Photo by Andrew Harrer/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Monday's query: Name: Lon Jones Question: My wife and I have...
Charles Murray: U.S. 'Class Society' Is Losing its 'Exceptional' Characteristics
March 22, 2012 | Updated March 23 | Since our coverage of Charles Murray and his new book, "Coming Apart," received a strong reception from viewers and online constituents who took Murray's "Do You Live in a Bubble?" quiz, we felt obliged to...
Charles Murray on Downton Abbey, Smoking During Pregnancy
March 21, 2012 | Recently, the Making Sen$e team traveled to tiny and picturesque Burkittsville, Md., to interview author Charles Murray at home about why he thinks America is coming apart. We interviewed him for hours in the book-lined office shack behind his...
Author Charles Murray on Bubbles, Marriage and 'Coming Apart'
March 20, 2012 | Last week, we previewed our interview with libertarian author and think-tanker Charles Murray by publishing his quiz: How Thick Is Your Bubble? Featured in "Coming Apart," his new book about class divide in white America, the...
Greg Smith Isn't the First to Leave Goldman Sachs Over Morals
March 19, 2012 | People are reflected in glass as they walk past Goldman Sachs headquarters in New York City. Photo by Mario Tama via Getty Images. In last week's New York Times, a Goldman Sachs "executive director" named Greg Smith wrote what...
Do You Live in a Bubble? A Quiz
March 14, 2012 | Paul Solman interviews author Charles Murray about his book "Coming Apart" at a local diner near Murray's hometown of Burkittsville, Md. White America is coming apart at the seams. That's the thesis Charles Murray, a libertarian political scientist at...
How Does the U.S. Deficit Affect Me?
March 13, 2012 | Stacks of $100 bills pass through a circulator machine at the Bureau of Engraving and Printing in Washington, D.C. Photo by Andrew Harrer/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic...
Why Am I Paying So Much at the Pump?
March 12, 2012 | A gas station in Brooklyn, N.Y. Photo by Victor J. Blue/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Linda Crumback...
227,000 New Jobs Added, While Unemployment Holds at 8.3%
March 9, 2012 | Steve Chock cuts metal during a class at Hennepin Technical College in Brooklyn Park, Minn. Photo by Ariana Lindquist/Bloomberg via Getty Images. Healthy job numbers arrived Friday, and, for once, the two surveys -- payroll and household -- more...
How are Small Businesses Affected by Changing Taxes on the Wealthy?
March 8, 2012 | Kim Chauvin and her husband Dave, co-owners of the Mariah Jade Shrimp Company, prepare a small load of shrimp to be delivered to a client at their shrimp processing plant in Chauvin, La. This husband and wife team have...
What Do Fewer Workers Mean for the U.S. Economy?
March 7, 2012 | Photo by Scott Eells/Bloomberg via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Name: Taylor Vincent Question: Surprised by the significant change...
Are Credit Default Swaps Casinos in Disguise?
March 6, 2012 | Photo of the inside of the Venetian hotel and casino in Las Vegas by Flickr user kris.hoet. Update | 1:50 p.m. ET This post has been edited to include the reference to the CDS explainer and Jon Stewart. Paul...
What Is Bernanke Doing About the Fed's Stockpile of U.S. Debt?
March 5, 2012 | Photo of Federal Reserve Chairman Ben Bernanke by Peter Larson/Medill News Service. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Monday's query: Name: Enrique G. Palacio...
Can Family-Owned Firms Compete?
March 2, 2012 | Hundreds of Marshmallow Peeps move down the conveyor belt to be boxed up at Just Born, Inc., a family-owned and operated confections business. Photo by Don Emmert/AFP/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business...
Rich Shopper, Poor Shopper and the End of Economic Mobility
February 29, 2012 | Photo by Tobias Helbig via Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Wednesday's query: Alvera Pritchard: I found the Rich/Poor Shopper segment quite...
Making Sen$e: What Would Happen if the U.S. Government Collapsed?
February 27, 2012 | U.S. Capitol at night; file photo Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Monday's query: Name: Teri Question: In the event of a total collapse...
Viewer Gives Paul Solman a 'Hat Tip'
February 24, 2012 | Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Friday's "query": Name: Bob Comment: Ditch the stupid hat -- spoils your serious image! Paul Solman: Tell it...
The Financial Answer Man: Carl Richards Takes Your Questions
February 23, 2012 | A while back we asked you to submit your most pressing personal finance questions so that I could put them to Carl Richards, the electronic-sketching, New York Times-blogging, financial literacy-teaching author of the excellent money manual,...
Why Banks Are Getting Haircuts
February 22, 2012 | Home foreclosure in Greeley, Colo. Photo by Flickr user david_shankbone under a Creative Commons license. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Wednesday's query: Name: Gordon...
Boomer Babies 'Boomerang': Happy Homecoming? Or Are Grads Giving Up?
February 21, 2012 | Image by the PBS NewsHour. The boomerang business is booming. Ever since our story on "accordion families" and "boomerang kids" ran last week, personal testimony has been coming in over the transom. We'll share a sample of it with...
What Do 'Mama's Boys' Have to Do With the Euro Debt Crisis?
February 17, 2012 | This isn't just a candidate for chart of the day or even chart of the week. Hedge fund manager Boaz Weinstein, founder of Saba Capital and former co-head of credit trading at Deutsche Bank, presented this at a conference...
A Spanish Love Story of Family, Work and Emigration
February 16, 2012 | From left to right: Paul Solman, Jose Antonio Martinez and Ana Westley in Spain, 2010. Image by the PBS NewsHour. Thursday, an email from old friend Ana Westley, an American ex-pat journalist who has written for The New York...
The Astonishing Trend in Income Gains for the Very Rich
February 15, 2012 | Chart via a report from the Center for Budget and Policy Priorities based on data from the Congressional Budget Office. The chart above comes to you courtesy of the Center for Budget and Policy Priorities -- based on Congressional...
Covering the Eurozone's Financial Crisis
February 13, 2012 | A euro sign sculpture stands in front of European Central Bank headquarters in Frankfurt, Germany. Photo via Getty Images. Follow all of NewsHour's coverage of the eurozone financial crisis here. The 17-country monetary union known as the eurozone...
Is Social Security a Ponzi Scheme?
February 10, 2012 | Social Security cards. Photo via Wikimedia Commons. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Friday's query: Gwynn Pealer: I thought I understood Social Security, but all...
Does Greater Equality Make Societies Stronger?
February 9, 2012 | Graphic by the PBS NewsHour, based on the cover of "The Spirit Level." Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Thursday's query: John Naghshineh: Mr. Solman,...
Is Our Economy Basically Just a Game of Monopoly?
February 8, 2012 | Photo by foreverdigital via Flickr. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Wednesday's query: John Feuille: Most of us have played Monopoly. You set up the...
Does the U.S. Tax Imports?
February 7, 2012 | The Arsos container ship is unloaded at the Port of Miami in Florida; Photo by Andrew Harrer/Bloomberg via Getty Images. Marc Whitehead sends the follow-up question below after reading Paul's thoughts on tariffs from early January: If we put...
Rate Raters, Casino Traders and the Greek Debt Problem
February 6, 2012 | Standard & Poor's Headquarters in Lower Manhattan. Photo by B64 via Wikimedia Commons. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here are a trio of queries for...
Unemployment Dips to 8.3%, Lowest Rate in Three Years
February 3, 2012 | Recruiter Esther Aranza reviews job seeker Andrew Jack Jr.'s resume during a career fair in Texas. Photo by Aaron M. Sprecher/Bloomberg via Getty Images. The unemployment rate continued to trend downward Friday, reaching 8.3 percent, the lowest rate in...
Widening the Underemployment Pool - And Those Who Calculate It
February 2, 2012 | Photo by Matthew Staver/Bloomberg via Getty Images. More signs that the U.S. economy may not be headed into a strong recovery just yet: unemployment was at 8.6 percent in January, with underemployment up to 18.7 percent. But wait a...
How Much Does Uncle Sam Spend on Foreign Aid?
February 1, 2012 | NewsHour image by Vanessa Dennis. Sources: State Department, USAID Paul Solman frequently answers questions from the NewsHour audience about business and economic news on his Making Sen$e page. Here's Wednesdays query: John E. Tucker asks: Could reducing U.S foreign...
No Recovery in Latest Housing Data
January 31, 2012 | Photo by Ethan Miller/Getty Images. The monthly housing data released Tuesday by Standard and Poor's Case-Shiller Index came with sparse good news. Home prices have declined yet again, continuing their wobbly down-up-down decline after the market bubble burst in...
Does the U.S. Actually Benefit From Free Trade?
January 30, 2012 | Image by Yagi Studio/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here's Monday's query: Doug Clymer asks: What is the benefit -- if any -- of...
Is All Government Spending 'Stimulus'?
January 27, 2012 | Photo by Chip Somodevilla/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Friday's query: William Carr: I discovered your page following a reference from the...
Could Greece Fire Off a Global Credit Freeze?
January 26, 2012 | Pedestrians pass an entrance to the Greek finance ministry in Athens. European stocks declined from a five-month high as the region's finance ministers failed to agree on a debt-swap deal for Greece and called for a greater contribution from...
Is There a Big Relief Rally Under Way?
January 25, 2012 | The European Central Bank's new headquarters, still under construction, right, are seen alongside other buildings within the city, across from the River Main in Frankfurt, Germany. Photo by Hannelore Foerster/Bloomberg via Getty Images. Some might be expecting comment on...
Is 'Hot Money' Responsible for the Financial Crises?
January 24, 2012 | Photo by flickr user Mike Poresky and used under a Creative Commons / Attribution 2.0 Generic license. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here is Tuesday's...
Why Are Banks Ditching Foreclosed Homes, and What's the Euro Worth?
January 23, 2012 | Renzo Salazar places a sign in front of a foreclosed home in Miami. Photo by Joe Raedle/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here are...
Stand-up Economist Signs Off From China and Thinks About Its Future
January 20, 2012 | In this final edition of our "Man in Beijing", stand-up economist Yoram Bauman ties up his China miniseries with thoughts on the future for the so-called "Communist" country. Five months doesn't make him an expert, Bauman...
Richard Cordray: From 'Jeopardy!' to Controversial Presidential Appointment
January 18, 2012 | Paul Solman interviews Consumer Financial Protection Bureau head Richard Cordray Wednesday in Washington, D.C. In the spring of 1987, a law clerk from Ohio, having taken a friend's advice, made it onto the TV trivia show, "Jeopardy!" A quarter-century...
The Rich are Getting Richer and the Poor, Poorer...'We Know!'
January 17, 2012 | A cardboard poster on display at Occupy D.C. Photo by Elizabeth Shell/PBS NewsHour. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here are Tuesday's queries: A pair of...
How Are Tax-Rate Adjustments, Government Revenues Related?
January 11, 2012 | Image by Jon Boyes/Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Wednesday's query: Elke from Roswell, N.M. asks: If tax rate adjustments did...
Does the Desire to Make More Money Increase Economic Inequality?
January 10, 2012 | Photo of Steve Jobs in 2010 by Justin Sullivan/Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Tuesday's query: Name: John Livingston Question: Income...
Could the U.S. Follow in the Eurozone's Footsteps?
January 9, 2012 | German Chancellor Angela Merkel welcomes French President Nicolas Sarkozy Monday at the Chancellery in Berlin. The two leaders discussed the ongoing Eurozone debt crisis. Photo by Sean Gallup/Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web...
Unemployment Dips to 8.5%, Lowest Rate in 2 Years
January 6, 2012 | A jobs sign hangs above the entrance to the U.S. Chamber of Commerce building in Washington, D.C. Photo by Karen Bleier/AFP/Getty Images. Friday's unemployment figures are positive all around: The official unemployment number dipped to 8.5 percent, a rate...
Could a Higher Import Tariff Pay for Medicare and Get the U.S. Out of Debt?
January 5, 2012 | Cargo containers sit stacked on a ship at the Port of New Orleans in Louisiana. Photo by Paul Taggart/Bloomberg via Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on...
Laughing at Macroeconomics:
A Cartoon Introduction
January 4, 2012 | Unemployment rates, inflation, poverty, exchange rates -- all familiar topics for readers who frequent this page. Normally, these are no laughing matter. But cartoonist Grady Klein and stand-up comedian Yoram Bauman who should also be familiar to those who come...
Should Our Economy Run Like a Cardiovascular System?
January 3, 2012 | Photo by RunPhoto via Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Tuesday's query: Name: Paul Johnson, Ph.D., cardiovascular physiologist and adjunct professor...
Instead of 'Fairness' in the Tax System, Why Not Emphasize Results?
January 2, 2012 | Image by Spark Studio via Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Ben Sands Question: Instead of discussing "fairness"...
Economics Comedy in Beijing: Part Two
December 28, 2011 | This penultimate post from Our Man in Beijing, standup economist Yoram Bauman, chronicles a true test: doing jokes in front of a Chinese audience. The responses are instructive, as are Yoram's responses during the Q&A. His...
Latest U.S. Home Sales Price Reading a 'Distinct Downer'
December 27, 2011 | Photo by Justin Sullivan/Getty Images. It's the monthly moment for Case-Shiller/S&P, the most widely followed index of U.S. housing prices, and Tuesday's numbers are a distinct downer, prices dropping at an annual rate of over 1 percent, though only...
When Did the Great Depression Start? - And Why That Matters
December 21, 2011 | A crowd of depositors gather in the rain outside Bank of United States after its failure in 1931 during the Great Depression. Photo by World Telegram staff photographer from the Library of Congress via Wikimedia Commons. Last week's story...
Why the Euro Might Not Be Good For Greece
December 20, 2011 | A Greek 500 drachma banknote sits atop euros. Photo by Peter Phipp via Getty Images. Today's post tries to answer a number of questions that have come in over the past few weeks along the lines of, "What's going...
What Investment Products Help Protect Against Market Bumps?
December 15, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news here on his Making Sen$e page. Here's Thursday's query: Name: Don Kruger Question: I lost half of my 401k savings in the last big bump...
'Record Inequality Between Rich and Poor,' According to OECD
December 12, 2011 | Today we feature a short, simple, surprising inequality video that sums up a lot of recent research from the Organization for Economic Cooperation and Development, the 34-member OECD. Take a look. Here's a sampling of our own reporting on inequality...
Do Policies that Slash Spending Drag the Economy Down?
December 12, 2011 | Photo by Jewel Samad/AFP/Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Roy Pettis Question: Aren't these steps of cutting spending,...
Weather's Dozen: 2011 Breaks U.S. Billion-Dollar Disaster Record
December 9, 2011 | An evacuation sign asks residents to leave Eagar, Ariz. as the Wallow Fire swept through Arizona, New Mexico and Texas. Photo by Eric Thayer/Getty Images. Between fires, twisters, hurricanes, droughts and floods, 2011 has been Mother Nature's most continuously...
What Happens To China if the U.S. Defaults on Its Debt?
December 8, 2011 | A security guard patrols outside the headquarters of the Bank of China in the Xidan shopping area of Beijing. Photo by Mark Ralston/AFP/Getty Images. Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic...
Economic Comedian Compares China-U.S. Relations to Teen...Romance
December 6, 2011 | Getting back to his roots, Standup Economist Yoram Bauman begins his latest dispatch from Beijing by testing just how far you can apply the First Amendment in modern-day China. He's humored audiences twice in China thus far: one, an...
Unemployment Falls To 8.6 Percent
December 2, 2011 | Photo by Tim Boyle/Getty Images. Editor's note, 11:22 am EST: all figures have been checked and confirmed against the now-available BLS data. It seems we aren't the only ones hanging on every number from the Bureau of Labor Statistics...
An SEC 'Smackdown'
December 1, 2011 | Peter Steiner is the New Yorker cartoonist best known for his 1993 cartoon of two dogs looking at a computer monitor as one says to the other: "On the Internet, nobody knows you're a dog." He sent us an...
Falling U.S. House Prices Not a Good Sign
November 29, 2011 | Image by Fusion via Getty Images. Making Sen$e reporter/producer Elizabeth Shell files most of this post on Tuesday's Case-Shiller housing index. The punchline: housing prices declined in September -- not a good sign. Here's her summary of the data...
Is America Addicted to War?
November 28, 2011 | Paul Solman frequently answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Godwin Ohiwerei Question: Are we addicted to war? How come we never actually bother...
If Bank Deposits Pay So Little, Why Do Mortgages Cost So Much?
November 25, 2011 | Photo by Justin Sullivan/Getty Images. Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Friday query: Name: Jack McBroom Question: My first mortgage in 1970 was at a...
European Bond Scare: Germany Edition
November 24, 2011 | Trader at the Frankfurt Stock Exchange in Germany. Photo by Ralph Orlowski/Getty Images. The U.S. markets lie as still today as the birds on America's platters, but the same cannot be said for fluttering Europe, or anywhere else in...
Mainstream Economic Media Cry Wolf
November 22, 2011 | I've been saying the following to friends and colleagues for months now: In all my many years as a business and economics reporter, I have never seen a greater cognitive dissonance than in the current coverage of the U.S....
How Do Tax Changes Affect Spending?
November 21, 2011 | Paul Solman frequently answers questions from NewsHour viewers and readers on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Aime Casavant Question: How does raising or lowering taxes affect the economy? What difference does...
Liberal Economist Frank: Congress Will Be Guilty of 'Gross Political Malpractice'
November 18, 2011 | "Bob Frank and P.J. O'Rourke AGREE," Paul Solman tweeted recently, referring to the political differences of liberal economist Frank and conservative satirist O'Rourke. "Build the damn bridges. Now." Frank and O'Rourke recently partnered to author an opinion piece on...
Is America a Loan Shark or a Borrowing Walrus?
November 16, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Wednesday's query is answered first by Paul, and further down by Yoram Bauman, our frequent economist contributor from China:...
The Allure of Fool's Arbitrage
November 15, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Tuesday's query: Name: Eriks Blaschka Question: My smart colleague told me that he would be happy to "never"...
Why a Lesson in Money Plus Math Equals Financial Stability
November 14, 2011 | Video: Sheila Bair and Paul Solman talk about how simple math and financial education, like the savings lessons in her children's book 'Rock, Brock, and the Savings Shock,' might have helped avert the financial crash. Sheila...
Why Are Medical Costs So High?
November 10, 2011 | Photo by Lilli Day / Getty Images. Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Thursday's query: Name: Curt Carpenter Question: I would really like to...
For the Love of Chinese Bread
November 9, 2011 | An economic analysis of a local, family-run bread bakery is the topic of the latest dispatch from Yoram Bauman, our temporary economist-in-residence in China. Using his improving (but still a bit limited) language skills and a...
Politics, Democracy, Anarchy - Does the World Owe Greece?
November 8, 2011 | A national flag of Greece flies outside the Greek stock exchange in Athens. Photo by Kostas Tsironis/Bloomberg via Getty Images. In Greece last summer for the NewsHour, we interviewed a plain-spoken, candid economist named Manos Matsaganis. As the Parthenon...
'The Buyout of America' Author on Occupy Wall Street Protests
November 7, 2011 | A year ago July, we did a story on "private equity" featuring journalist Josh Kosman, who'd written a book, "The Buyout of America." In it, Kosman blamed private equity firms for buying companies with borrowed money,...
Unemployment Drops to 9 Percent, but Jobless Frustrations Continue
November 4, 2011 | Khalifah Varnado reads a help wanted post card during the Arizona Workforce Connection Career Expo at the Arizona State Fair Grounds in Phoenix, Ariz. Photo by Joshua Lott/Getty Images. As expected, unemployment in the U.S. was little changed in...
Are Americans Getting Angrier?
November 2, 2011 | Photo of Occupy Wall Street by Getty Images. While shooting at the end of day recently at Zuccotti Park, I was heckled twice while "re-asking" several questions. That is, with only one camera, it's impossible to create a dialogue...
The Inequality Dilemma
October 31, 2011 | Political cartoon satirizing U.S. economic equality and mobility by David Fitzsimmons. Reproduced with permission from Daryl Cagle's PoliticalCartoons.com. It's a welcome moment when we TV reporters get mail, since we usually talk to an invisible, mute audience. It's more...
Making Sense: Should We All Buy Savings Bonds?
October 27, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Thursday's query: Name: Sue Pruner Question: In this debt crisis, what would the effect be if many citizens bought...
Join Paul Solman for a Chat about Economic Inequality in America
October 26, 2011 | Join Paul on Twitter using #inequalitychat. Editor's Note: Wednesday night on the NewsHour, libertarian law professor Richard Epstein sits down with Paul Solman for a frank discussion on a topic that's been front-and-center on many of our pages as...
Dwelling on the Good and Bad: U.S. Housing Prices at the Moment
October 25, 2011 | A construction worker gestures on the roof of a home in Phoenix, Ariz. Home prices inched up in August from the previous month according to the Case-Shiller Index. Photo by Joshua Lott/Bloomberg via Getty Images. Paul Solman answers questions...
The Role of Salesmen in the Subprime Mortage Mess
October 21, 2011 | A foreclosure sign stands outside a home in Winchester, Va. Photo by Jay Mallin/Bloomberg via Getty Images. Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Friday's...
What Happens to Bank Holdings if the Government Shuts Down?
October 20, 2011 | FDIC offices in Arlington, Va. Photo by Coolcaesar via Wikimedia Commons. Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Thursday's query: Name: E.T. Question: If the...
The Ballad of a Would-Be, Too-Big-to-Fail Banker
October 19, 2011 | Our favorite country-western money manager, Harvard-trained Nashville econo-crooner Merle Hazard, has collaborated with brilliant lyricist Marcy Shaffer to produce his slickest video to date: the tuneful tale of a would-be banker who travels to Charlotte, N.C., to meet up...
Economics: The Study of Us
October 18, 2011 | A market trader in Kota Bharu, Malaysia. Flickr Creative Commons photo courtesy jamesmellor. Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Tuesday's query: Name: Christian Kontoh Question:...
Making Sen$e: Protecting Lifetime Income
October 17, 2011 | Flickr Creative Commons photo courtesy Images_of_Money Paul Solman answers questions from NewsHour viewers and readers on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Karen Lepere Question: OK, no millions in $20s under the...
Chinese Housing Bubble: A Troubling Update from Beijing
October 14, 2011 | In this latest dispatch from China, stand-up economist Yoram Bauman explores the possibility of a Beijing housing bubble. We first reported on this threat in our "China on the Rise" series back in 2005, when MIT...
How Happy Are Americans?
October 13, 2011 | Photo by flickr user CaptPiper. The 40-nation Organization for Economic Co-operation and Development has just released the published version of its study of well-being, reported on Making Sen$e some months ago. We thought the OECD's summary of the highlights...
What is Georgia Works and Why Does the President Consider it a Model?
October 12, 2011 | Editor's Note: On Wednesday's program we examine Georgia Works, a state program that's been touted for helping unemployed residents get back to work by pairing job seekers with employers who are willing to promise on-the-job training. The trainees are...
Making Sense: Should I Refinance My Mortgage to a Fixed Rate?
October 11, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Tuesday's query: Name: Gene H. Question: Do you have a current opinion about the direction of the six-month LIBOR?...
Leather Muppet to Stephen Colbert: You Are What You Eat
October 10, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Monday's query: Name: Beth D. Question: Stephen Colbert did an excellent job of explaining the marshmallow test of...
Latest Unemployment Figures Show More Americans Working Part-Time, Looking for Full-Time Jobs
October 7, 2011 | Well, interestingly good news on the jobs front, it would appear. Again, the proviso: Don't take any given month's unemployment numbers too seriously. But that said, according to the "establishment survey" of places that hire, the economy added more...
A Day with the Occupiers of Wall Street
October 5, 2011 | We spent Tuesday at the Occupy Wall Street site in lower Manhattan, a stone's throw from ground zero. For those of us old enough to remember such gatherings in the so-called Sixties , the similarities were striking: spontaneity, solidarity,...
Does Oil Speculation Cause Price Spikes?
October 4, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news here on his Making Sen$e page. Here's Tuesday's query: Name: KR Question: Aren't the regulations removed by the Bush administration on oil commodities the...
If Banks Don't Fail, How Will They Learn?
October 3, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news here on his Making Sen$e page. Here's Monday's query: Name: Matyas Question: There was no real real estate crisis where I live: Texas. Why...
Case on the Latest Case-Shiller Housing Numbers - In Verse!
September 30, 2011 | Karl 'Chip' Case of the Case-Shiller Housing Index has long been among our most treasured sources. Today, he graces us with more of his music -- the muse of poetry having inspired him to write on the occasion of...
World Inequality: Trot the Globe Without Leaving Your Seat
September 29, 2011 | To accompany our ongoing NewsHour series on economic inequality, we present here an interactive world inequality map based on data from the World Bank. We confess; this isn't exactly "Where in the World is Carmen Sandiego?" But this quiz...
Can Social Security, Medicare Be Considered Wealth?
September 28, 2011 | Editor's note: In our recent program 'Do Social Safety Net Programs Shrink Gap in U.S. Economic Inequality?' - above - Paul Solman interviewed economist Robert Lerman about his take on wealth inequality in the United States. Lerman argued that...
Housing Prices Are Moving On Up
September 27, 2011 | A home for sale in Tempe, Ariz. Flickr photo by 'Nick Bastian Tempe, AZ.' Moving on up. Or more like "creeping." That's one way of wording the latest Case-Shiller housing price numbers, up 3.6 percent since their 20-city index...
Is the Conventional Wisdom on Social Security Correct?
September 26, 2011 | From "Why Social Security?" . Social Security Administration pamphlet explaining need for the new system in terms of the transition from rural to urban-industrial society. Illustration by Hendrik Willem Van Loon, photo via flickr user Tobias Higbie. Paul Solman...
Which Makes a Better Investment: Gold or Canned Soup?
September 23, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Friday's query: Name: Charles Meyrick Question: What good is gold? In your article on John Williams,...
A Broader View of America's Wealth Inequality
September 22, 2011 | Editor's Note: Wednesday's story, featuring economist Robert Lerman's take on the distribution of wealth in the United States, has generated a flood of comments. Lerman has agreed to respond to many of the points made by...
Easy As Pie: Inequality In Downloadable Charts
September 21, 2011 | Editor's Note: We've been looking at inequality quite a bit lately. In the piece 'Land of the Free, Home of the Poor,' we used a trio of pie charts broken down into five quintiles to illustrate...
Newly Retired and Looking for Advice to Protect Investments
September 20, 2011 | Paul Solman answers questions from NewsHour viewers and web visitors on business and economic news most days on his Making Sen$e page. Here's Tuesday's query: D. K. Mitchell: HELP!!! My husband and I abruptly retired at 57 and 59...
Gauging America's Economic Mood
September 19, 2011 | Watch "Tracking Inflation: How Fast Are Prices Rising?" Paul Solman answers questions from NewsHour viewers and Web visitors on business and economic news on his Making Sen$e page. Here's Monday's query: The email tale below refers...
Does the U.S. Need Full Employment? And Other Questions
September 16, 2011 | Watch 'Can America's Jobless Fill America's Jobs?' Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here's Friday's query: The flood of responses to our...
How Badly are Fear, Finite Resources Hurting the U.S.?
September 15, 2011 | Image of hazard symbols for weapons of mass destruction -- radiation, biological and deadly -- by Wikimedia user Fastfission via Wikimedia Commons. Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days...
Is There Anything Funny About America's Jobs Problem?
September 14, 2011 | Political cartoon of "Job Creators" by Bob Englehart. Reproduced with permission from Daryl Cagle's PoliticalCartoons.com. Editor's Note: Definitely not. We've been reporting on jobs quite a bit lately -- why technology hasn't created more...
Why Hasn't Technology Created More American Jobs?
September 13, 2011 | A woman from Argonne National Laboratory discusses science and technology careers with 350 Chicago-area high schoolers. Photo by Argonne National Laboratory via Flickr Creative Commons. Paul Solman answers questions from NewsHour viewers and web users on business and economic...
Will the American Jobs Act Create Jobs?
September 12, 2011 | President Obama holds up a copy of the American Jobs Act with Vice President Joseph Biden surrounded by teachers, police officers, construction workers and small business owners in the Rose Garden of the White House on Monday, Sept. 12,...
Job Seekers React to President Obama's Speech
September 9, 2011 | President Obama addresses a joint session of Congress Thursday to preview his jobs plan. A day after President Obama's big jobs speech, we checked back in with a group of unemployed Chicago-area workers to get their reaction to his...
What Job Seekers Are Hoping to Hear in Obama's Jobs Speech
September 8, 2011 | When President Obama outlines his jobs plan Thursday evening before a joint session of Congress, many of America's unemployed will be listening for specifics that will help them out of the unemployment line and into a job. We interviewed...
More and More Job Openings Going Unfilled
September 8, 2011 | A number of viewers were struck by our story last Friday on the question over current U.S. unemployment: is it more nearly structural or cyclical in nature? That is, are we simply in a down cycle, a recession from...
Making Sense: Why Alan Krueger Is An Interesting Fit for the White House
September 7, 2011 | Photo of Alan Krueger by Ralph Alswang via flickr user Center for American Progress on April 30, 2010. Alan Krueger of Princeton is President Obama's choice for head of the Council of Economic Advisors. That doesn't mean he gets...
Is Unemployment Caused by a Skills Mismatch?
September 6, 2011 | Editor's Note: Friday's story, "Can America's Jobless Fill American Jobs?" looked at the extent to which high unemployment is structural, and the extent to which it is cyclical. Zachary Karabell of economic research and consulting firm...
August Jobs Numbers Spell Bad News for Long-Term Growth
September 2, 2011 | Photo by Jeff Kowalsky/Bloomberg via Getty Images. Not good. Friday's job numbers, that is. Yes, there was an extenuating event: 48,000 or so Verizon workers walked off the job during August, and they're in the data as job losses,...
Is Fed Policy of Interest on Excess Reserves 'Outrageous'?
September 1, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here is Thursday's query. Name: Fred McEwan Question: [A] Huffington Post article states that one huge reason for banks not...
Stand-Up Economist: Always Bring Your Own Toilet Paper
August 31, 2011 | Another vlog today from Our Man in Beijing, Stand-up Economist Yoram Bauman. He's not in China as a comedian, of course, but as an environmental economist, which this post explains. It also explains why he keeps a roll of...
Why U.S. Housing Prices Aren't Falling Off a Cliff
August 30, 2011 | Click on the cities above to see how housing prices have changed from June, 2003 to June, 2011 according to the S&P/Case-Shiller Housing Index. Data are in Tuesday morning from what may be the one reliable product coming out...
Who's Got the Bigger Economy: China or the United States?
August 29, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here is Monday's query. Name: David Abramowitz Question: It was recently reported that the U.S. has the largest economy...
Same Old Bad News, But No New News From Bernanke
August 26, 2011 | Photo of Ben Bernanke Feb. 9, 2011 by Peter Larson/Medill News Service via Flickr user Medill DC via Creative Commons. Fed Chairman Ben Bernanke's breathlessly anticipated speech in Jackson Hole, Wyo. Friday morning was, in essence, a rehash of...
Who Saves in China, the People or the State?
August 25, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query. Name: Betty Sue Carroll Question: I'd like to know the source of the money...
Are Public Pensions a 'Gravy Train' and Other Answers To Your Questions
August 24, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here are Wednesday's queries. Name: Ava Stanton Question: The rating agencies that sold us down the river and...
Making Sense: Is 'Rent Now, Buy Later' a Good Idea? And Other Answers to Your Questions
August 23, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here are Tuesday's queries. Name: Dale Myers Question: Given the free-fall in home prices, what do your experts think...
Responses to 'Bard Behind Bars'
August 22, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here are Monday's queries. Our recent stories on Bard Behind Bars, the prison BA...
Is Economic Inequality a Big Deal?
August 19, 2011 | With our inequality coverage (watch Land of the Free, Home of the Poor and Americans Facing More Inequality, More Debt and Now More Trouble?) topping the "Most Watched" chart here at the Online NewsHour, we thought...
Getting High for Less: Easier Access to Better, Cheaper Heroin Cripples Small Towns
August 18, 2011 | Black tar heroin. Photo via the City of Wichita police department. Note: We've been exploring economic inequality in America this week, and thought it an opportune moment to share something we had hoped to post the last time we...
Send Us Your Questions on Wealth, Inequality
August 17, 2011 | Update: Thanks for all your questions! We'll post some of the answers here soon. Editor's Note: Our story on Tuesday's program has certainly struck a chord. In the first in a series on economic inequality in the United States the...
Sweden's Super-Duper Rich
August 17, 2011 | Update: Watch Land of the Free, Home of the Poor and Americans Facing More Inequality, More Debt and Now More Trouble? to see the first two parts of Paul Solman's ongoing series of reports on U.S....
Europe's Stuttering Economy
August 16, 2011 | With the eurozone in such obvious economic turmoil, we turn to former chief IMF economist and longtime friend and favorite of Making Sen$e, Simon Johnson . We asked him a series of pressing questions: Paul Solman: Is...
In Defense of Flogging: Controversial Conversation on Prisons and Punishment
August 15, 2011 | We were curious: is flogging -- beating someone solidly on the behind with a wooden cane -- a reasonable, effective alternative to sending that person to jail for two, five, 10 years? That's exactly what Peter...
Wealth Quiz: How Does the U.S. Slice the Pie?
August 12, 2011 | Update: Watch Land of the Free, Home of the Poor and Americans Facing More Inequality, More Debt and Now More Trouble? to see the first two parts of Paul Solman's ongoing series of reports on U.S. economic inequality. Editor's...
Another Take on a Volatile Market
August 10, 2011 | Financial professionals work the phones on the floor of the New York Stock Exchange in New York City. Photo by Chris Hondros/Getty Images. Sorry I didn't post Tuesday, amidst all the turmoil. I was giving a speech at Chautauqua,...
How to Not Let Mistakes Define You
August 8, 2011 | We recently reported on the prison initiative of Bard College, a selective school currently running degree programs in five New York prisons. Skeptics of prison reform should take note of one Anthony Cardenales, a former inmate...
With 117,00 New Jobs in July, a Slight Improvement in the Solman Unemployment Scale
August 5, 2011 | "Employment Report Damned with Faint Praise: It Could Have Been Worse." Thus does Nigel Gault, Chief U.S. Economist of IHS Global Insight, sum up the consensus view of Friday's unemployment numbers. Jobs added in July; upward revision for June....
On Dow's Worst Day Since 2008, Running for Cover
August 4, 2011 | A trader bows his head on the floor of the New York Stock Exchange after the closing bell Thursday; photo by Mario Tama/Getty Images. Just back from lunch, at which Brandeis classicists Ann Olga Koloski-Ostrow and Cheryl Walker schooled...
With Debt Deal Done, Markets See Little to Rally About
August 3, 2011 | Traders work on the floor of the New York Stock Exchange during afternoon trading on August 3, 2011 in New York City. The Dow closed 29 points up after a late afternoon rally, recovering from an eight day slump....
Default by Debt Ceiling? 'Complete Nonsense'
August 1, 2011 | Editor's Note: On Monday's NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal. Turns out the market is reacting...
How the U.S. Racked Up $14 Trillion in Debt
July 29, 2011 | A fascinating set of graphic debt data, courtesy of the New York Times. Meanwhile, amidst all the scare talk of a bond rate crisis, has anyone noticed that the bond market is rallying mightily today? As of 4 pm,...
Fancy a Pint? Brew Throughout the World
July 29, 2011 | Photo by Flickr user hakaider. Has all the talk about the debt ceiling left you wanting to reach for a cold one? Or several? How likely are they to be drowning their sorrows elsewhere in the world? You might...
China's Communism and Capitalism: The New Yin Yang?
July 27, 2011 | The short third installment of Yoram Bauman's vlog from China is well worth the watching, highlighting the tension between the "official" China and what's really going on there. Communist Party founder Mao AND $300,000 Porsches? Yoram asks. "Do hen...
The 'Bond Vigilantes' and the Debt Ceiling Crisis: No Need to Panic or Lying in Wait?
July 26, 2011 | Harvard's eminent trade economist, Robert Lawrence, gave a talk in Greece this month. Among his slides was this image with the headline: "The Vigilantes are Asleep!" Slide image courtesy of Robert Lawrence. That would be the so-called "bond vigilantes" --...
Should You Stash Cash if the Debt Ceiling Isn't Lifted?
July 25, 2011 | Speaker of the House John Boehner and President Barack Obama wait before a meeting in the Cabinet Room of the White House July 10, 2011 in Washington, D.C. to negotiate increasing the debt ceiling in order to avoid...
The People's Choice: Australia
July 22, 2011 | Once again, the Making Sen$e audience has spoken. Once again, the results are lopsided. Recently, we polled you on my hat: "great" or "goofy"? You accentuated the positive, latched onto the affirmative, and chose "great" over "goofy" by a...
Is the 'Pain At the Pump' Fair?
July 21, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query:...
Is Flogging a Better Option than Prison?
July 20, 2011 | German soldiers flog a Russian villager while fellow villagers are forced to watch. This photograph was found on a dead German soldier. Photo by Hulton Archive/Getty Images. A new book by Peter Moskos is as provocative in name as...
Were We Too Easy on Lincoln Electric?
July 18, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here are a few queries: We received a flurry of worried responses to our Lincoln...
Stand-up Economist: Is China Asia's Ecuador?
July 15, 2011 | Stand-up economist Yoram Bauman has now made it to China and filed the second of his vlogs for us from Beijing. We found his comparison of China to Ecuador fascinating. For those who crave a heavier...
The Not-So-Golden Years: Are You Better Prepared Than Other Americans?
July 14, 2011 | Explore a compendium of facts on Americans' shortfalls in retirement savings, presented in graphic form. As should always be your habit with poll data, don't try to take the actual numbers to the bank. But as rough approximations, we...
The No-Layoff Company -- in Ohio
July 13, 2011 | Editor's Note: On Wednesday's program, a look at an improbable Rust Belt success story. With a guaranteed no-layoff policy and average pay of almost $70,000 this year, Lincoln Electric is atypical of U.S. companies. We last...
Smacking Into the Debt Ceiling: the Day-by-Day Consequences
July 12, 2011 | Daily U.S. Government Income and Expenditures: Use the slide bar to see how Treasury's cash deficit is projected to grow if the debt ceiling is reached, starting with Aug. 3. Mouse over the red points to see the running...
'Have Wit, Will Travel': The Life of an Economist And Stand-Up Comic
July 11, 2011 | Economics was dubbed "the dismal science" by 19th century English intellectual Thomas Carlyle. The reason: the Reverend Thomas Malthus' grim prediction, around 1800, that population would inevitably outstrip food supply, since the former grows geometrically , the latter, arithmetically...
Jobs: Dreary Data, a Desperate Viewer, a Pessimistic Professor
July 8, 2011 | Goodness! U-7, our own measure of under-and unemployment, shot up to 18.6 percent Friday morning, a rise that gets us back near the number when we first inaugurated the Solman Scale last December. Friday morning's job numbers: only 18,000...
How an English Investor Dabbled in Cleveland Real Estate...and Got Burned
July 7, 2011 | Video edited by Elizabeth Shell. As a follow-up to Tuesday's story on abandoned housing demolition in Cleveland, we're posting a short video: A show-and-tell about one vacant property, it covers all the bases - from the...
Fannie Mae: What's Politics Got to Do With it?
July 5, 2011 | 'Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's...
Joseph Stiglitz, Barney Frank Respond to 'Reckless Endangerment' Allegations
July 1, 2011 | Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" . The book is a sustained...
Troubled By Our Pension Post? Here's Our Response
June 30, 2011 | Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's...
As IMF's New Chief, Will Lagarde 'Keep Smiling'?
June 29, 2011 | Christine Lagarde was nominated Wednesday to head the IMF. Photo by Dominique Charriau/Getty Images. So the synchronized French swim champ with accent-free English whom we interviewed last summer in Paris, Christine Lagarde, will run the IMF. What did we...
Latest Housing Prices More Than 30% Below Peak
June 28, 2011 | This month's Case-Shiller Home Price Index is out and, rather than paraphrase or plagiarize Phil Izzo's succinct account for The Wall Street Journal's Real Time Economics blog, how about we reproduce it? S&P/Case-Shiller home-price data showed a gain for...
Making Sense: Sneak Peek At a Rust Belt Success Story
June 24, 2011 | A welder at Lincoln Electric. Photo by Jared Manders. We shot footage for an upcoming piece recently at arc welding manufacturer Lincoln Electric. The company, which we last visited back in 1992, is an improbable Rust Belt success story....
Making Sense: Is China's Economic Progress In Trouble?
June 23, 2011 | Stephen Roach of Morgan Stanley and now Yale, and author of the book "The Next Asia," has long been among the most astute and independent of economic forecasters. He has also spent much of the past decade in the...
Mad Hatter v. Baaad Hatter: You Voted and the Winner Is...
June 21, 2011 | ...that Hero of Haberdashery, Champ of Chapeaux, el Senor de Sombreros and Fliest of Fedoras -- my hat! In a poll so scientific Bill Nye might turn green with envy, the Making Sen$e readership has spoken as one. Well, as...
Making Sense: 'Hey Paul: Do Something Useful For Once'
May 27, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Friday's query: Name: Jerrold Jones Question: Hey Paul, Do something useful for once. Prove you're a "real"...
Mortgage Form Makeover: What Do You Think?
May 26, 2011 | The new Consumer Financial Protection Bureau recently announced plans to simplify the mortgage paperwork that has long confused potential homebuyers. "The current forms can be complicated and difficult for consumers to use. They are also redundant and can be...
Obama's European Trip: Comparing Countries' Debt Troubles
May 25, 2011 | Editor's Note: President Obama addressed the British Parliament on Wednesday as part of his six-day, four-country tour of Europe. Dubbed as one of the key events of his trip, the president talked about the "essential relationship" between the U.S. and...
Making Sense: The Rising Price of Oil
May 24, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's query: Name: William Bair Question: What, if anything, is be done on the rise of...
Making Sense: Is it Dumb to Play the Lottery?
May 23, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: We received a fascinating email in response to last week's installment of Tuesday's Tool$, an...
Making Sense: The Two Faces of Dominique Strauss-Kahn
May 18, 2011 | Paul interviewed Strauss-Kahn in September of 2009. Watch the interview here. Dominique Strauss-Kahn was as urbane and well-mannered an interviewee as ever you'll meet. Sensible and clear, as in a NewsHour interview during the heat of the Crash of...
Can You Make it Through the Month? Financial Decisions of the Poor
May 17, 2011 | Here's an online "game" found for us by one of our most trusted advisers, Boston University Finance Professor Zvi Bodie. "Spent" was created through a collaboration between Urban Ministries of Durham in North Carolina and the advertising firm McKinney....
'Demand' Driving Inflation? A Viewer Begs to Differ
May 16, 2011 | A complaint lodged with the PBS Ombudsman that was passed along after Friday's broadcast and seemed worth answering in a public forum. "I do not understand why Paul Solman did not challenge Roberto Rigobon when he said rising prices were...
Extremist Economics and Printing Dollars
May 13, 2011 | John Williams is an economic extremist. He thinks a collapse of the U.S. dollar and hyperinflation are just around the corner and that gold is therefore the best bet around. He thinks the government manipulates the economic data to make...
Making Sense: Are Taxes Lower Now Than the 1950s?
May 12, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Peter Anderheggen Question: I recently heard that in 2011, the nation, on the whole,...
'Inside Job': An Oscar Winner Answers Your Questions
May 11, 2011 | Editor's Note: Today we hand over question-and-answer duties to Charles Ferguson, former MIT academic and dot.com entrepreneur who is now a documentary filmmaker, and who created the Academy Award-winning analysis of the Crash of '08, "Inside Job." Last week, we...
Elderly Folks at Home and the Curse of Internet Investing
May 10, 2011 | The TreasuryDirect.gov homepage. Paul Solman answers questions from NewsHour viewers and Web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's query: Name: Chris Curry Question: The Bureau of the Public Debt sent...
Making Sen$e: My Least-Favorite Investment Vehicle (Except For All the Other Ones)
May 9, 2011 | Paul Solman answers questions from NewsHour viewers and readers on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Will G. Knox Question: Safety of TIPs? Paul Solman: The shortest question ever received on...
Dueling April Jobs Numbers Cloud Some Good News for Economy
May 6, 2011 | Once again, the monthly unemployment data give occasion for those who have hair to lose more of it. The Household Survey, from which the much-trumpeted "Unemployment number" comes, brings us a rise in official unemployment to 9 percent, due to...
Ask Oscar-Winning 'Inside Job' Director Your Questions on the Financial Crisis
May 5, 2011 | Editor's Note: Producer and director Charles Ferguson won an Academy Award this year for "Inside Job," his documentary about the financial crisis. On Wednesday night's broadcast, we spoke with Ferguson about one of the major focuses...
A Dark Abyss of Blessing or Curse
May 4, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Hillhopper Question: I just listened to a business executive on TV say that the...
Keynes vs. Hayek, the Rematch: Keynes Responds
May 2, 2011 | Late last week the makers of the 2009 rap video "'Fear the Boom and Bust' a Hayek vs. Keynes Rap Anthem" came out with a follow-up: "Fight of the Century: Keynes vs. Hayek Round Two". John Maynard Keynes died in...
The Budget Battle: WWHD? (What Would Hayek Do?) AK? (And Keynes?)
April 29, 2011 | Cut taxes? Hike them? Cut government? Save the safety net? These economic questions are dominating debate in DC. So we thought we'd consult two of the greatest economists of all time: What would YOU do about today's budget deficit? Friedrich...
Keynes vs. Hayek: Round Two
April 28, 2011 | "We've been going back and forth for a century." So began an economics rap between two long-dead English economists, interventionist John Maynard Keynes and governmentophobe Friedrich Hayek that went viral. The rap's dress rehearsal debuted on the NewsHour back...
The Obamas Gave $131,000 to Fisher House Foundation in 2010; What Is It?
April 27, 2011 | Photo of President Obama by Jewel Samad/AFP/Getty Images Editor's Note: The Obama document du jour may be the President's birth certificate, but here on the Business Desk we've been looking into another document: the First Family's tax return. Last...
Suppose You Want to Pay Down the National Debt, All by Yourself?
April 26, 2011 | Photo by Flickr user CarbonNYC Slate, the online magazine, has a fascinating explainer of an oft-asked question: can individuals help pay down the debt and if so, how? From Slate's Brian Palmer: There are several ways for charitable patriots...
Should Banks Modify Home Loans to Today's Home Values?
April 25, 2011 | Photo: Getty Images. Paul Solman answers questions from NewsHour viewers and readers on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Charles Robertson Question: The media estimate 5 to 8 million houses...
Our National Debt: Political Gamesmanship or a Game of Chicken?
April 22, 2011 | A graphic chronicle of debt ceiling hikes from Bloomberg Businessweek. For the record, it doesn't seem like either 'political gamesmanship' or a game of chicken, so much as a vivid illustration of how and why the national debt has...
Budget Showdown: What's In the Obama and Ryan Plans?
April 21, 2011 | Editor's Note: This week President Obama has been crisscrossing the country, selling his budget plan to the American people. Meanwhile, Republican Representative Paul Ryan has been pitching his budget proposal to constituents in Wisconsin. We wanted to take a...
What Happens to Us Codgers if the Debt Limit Isn't Raised?
April 20, 2011 | We reported last week on the fear and trembling of bond vigilantism, real or imagined -- that the bond market would punish the country for profligacy by raising the interest it demanded to lend us money, thus making everything...
S&P's Dire Warning: Of Any Significance At All?
April 19, 2011 | Call me a contrarian -- or just your garden-variety journalist/skeptic -- but when I read the much-ballyhooed Standard & Poor's announcement yesterday, I shook my shiny head. "Because the U.S. has, relative to its AAA peers, what we consider...
Making Sen$e: How Much Did President Obama Make in 2010?
April 18, 2011 | Editor's Note: The First Family's 2010 tax return was released today. We've pulled out some of the more interesting numbers in a graphic. Here's the snapshot: the Obamas reported an adjusted gross income of $1,728,096, about $3.78 million less than...
Making Sen$e: How Does Investing Create Jobs?
April 15, 2011 | Financial professionals work the phones on the floor of the New York Stock Exchange in New York City. Photo by Chris Hondros/Getty Images. Paul Solman answers questions from NewsHour viewers and web users on business and economic news most...
Making Sen$e: The 'Real' Effects of Unemployment
April 13, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: George Sacco Question: In these economic reports there never seems to be any...
Tool$ Tuesday: Tips For Tax Day
April 12, 2011 | Tax day is breathing down our necks: just under one week left to file. And that's including this year's three-day extension; tax day bumped from the traditional April 15th to the 18th, since D.C. government workers have the day off...
Could 'Financial Weather Observers' Prevent Another Economic Crisis?
April 11, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Michael Cassady Question: As I read deeper into the details about the financial crisis,...
Making Sen$e: The Need for a Long-Term Budget Fix
April 7, 2011 | Alice Rivlin with Senate Majority Whip Richard Durbin, D-Ill., and Andy Stern, president of the Service Employees International Union, during a meeting of the National Commission on Fiscal Responsibility and Reform in late 2010. (Photo By...
Government Shutdown: Rx of the Devil or Just What the Doctor Ordered?
April 6, 2011 | A conversation this morning with a centrist Democrat from the Brookings Institution who lived through the shutdown of 1995, economist Martin Baily. "In terms of the economy, it had a surprisingly small effect," he said. "On the other hand,...
Can U.S. Product Makers Manufacture a Profit?
April 4, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Paul Menzel Question: I understand that it is more profitable for high-tech companies to...
Weekonomics: Our Friday Roundup
April 1, 2011 | Today we initiate "Weekonomics," a Friday roundup of the week's economics news. No fooling. Simon Johnson starts us off with "lightning round" answers to questions on the banks, Europe, Japan and, because the monthly jobs data came out this...
March Unemployment: Barely Budging
April 1, 2011 | One brief comment on the jobs numbers. The net addition of 216,000 jobs, from the so-called payroll survey, is respectable. But the "household survey" reports roughly the same number of unemployed Americans: 13.5 million. You can't tell a lot from...
The Madness of Sports Betting: Economics Edition
March 31, 2011 | Editor's Note | If you're one of the millions of Americans who filled out a college basketball national championship bracket this year, odds are you're out of luck. ESPN reports that only two brackets out of over 5.9 million submissions...
Coming Up on Making Sen$e: The Fate of America's Veterans Looking For Work
March 31, 2011 | Editor's Note: On Friday's NewsHour: an eye-opening look at the fate of many veterans attempting to transition back into a tough job market. Today, there are over two million veterans of the wars in Iraq and Afghanistan. And despite government...
Making Sen$e: Are American Workers Overpaid?
March 30, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Alex Question: Maybe it's my background as a college instructor , but...
Making Sen$e Tool$ Tuesday: How States Measure Up
March 29, 2011 | According to the U.S. Census Bureau, the nation grew almost ten percent over the last decade -- from 281.4 million in 2000 to 308.7 million in 2010. The country's racial mix has shifted, too. The number of people that identify...
Economic Forecasts: Crow or Eat Crow
March 28, 2011 | Paul Solman answers questions from NewsHour viewers and readers about business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Dr. Gene Audette Question: Every year it's prognostications, prognostications. But seldom do "columns" like yours...
The Shirtwaist Factory Fire: 100 Years Later
March 25, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Friday's query: Name: Richard R. Palmer, MD Question: I hope that prior to the 25th of March...
Income Inequality: Where Do You Fall?
March 24, 2011 | Updated March 25, 2011 at 1:33 p.m. with a fixed link to the Slate interactive. Income inequality has changed over time: today the richest 1 percent of Americans hold about 24 percent of U.S. wealth. But almost a century ago...
The Effects of Oil Production Turmoil: What We Pay For At The Pump
March 23, 2011 | Ever wonder why a gallon of gas will cost $3.21 today, $3.12 yesterday and maybe $3.79 next week? The price of the gas at the pump fluctuates mainly with the price of crude oil, plus a time lag. The price...
Why Weaken the Japanese Yen? The Conflicting Claims of Economics
March 21, 2011 | Business correspondent Paul Solman answers questions from NewsHour viewers and readers on business and economic news most days on his Making Sen$e page. Here's Monday's query: From Thursday's NewsHour: "The Japanese yen settled near record highs against the U.S. dollar...
Deflation: Inflation's Evil Twin
March 18, 2011 | Paul Solman answers questions from the NewsHour audience on business and economic news most days on his Making Sen$e page. Here's Friday's query: Name: Doug Shoaf Question: Given the harm that inflation does to the personal finances of almost every...
Live Chat: Paul Solman, Patchwork Nation's Chinni on Economic Inequality
March 17, 2011 | Editor's note: Join us at 3 p.m. ET Thursday for a chat between Paul Solman, Dante Chinni of Patchwork Nation and Derek Thompson of The Atlantic. The discussion will be moderated by PBS NewsHour correspondent Hari Sreenivasan and cover...
The Financial Blame Game: Who's At Fault?
March 16, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Michael Cassady Question: With the suffering from the financial crisis falling mostly on masses...
ProPublica's Mortgage Mod Squad: HAMP'S a Flop
March 10, 2011 | As you've probably heard by now, either on our program or elsewhere, the administration's Home Affordable Modification Program has been a disappointment -- to put it generously. The program, announced back in February 2009, was aimed at...
The Public Worker Battle, Cartoonified
March 9, 2011 | With all the strife over public-sector unions, including irate e-mails in response to our pension coverage on the program, we thought we'd lighten the mood by sharing some recent political cartoons....
Making Sen$e Tool$ Tuesday: Tips For Lessening the Pinch at the Pump
March 8, 2011 | You may have noticed that gas prices are up rather dramatically, in tandem with the drama in the Middle East and North Africa. No coincidence, obviously. The fear of supply disruptions, sabotaged wells, and turmoil in general have driven...
More Thoughts on Latest Jobless Numbers, Mexico's Drug War
March 7, 2011 | February's 192,000 net new jobs breaks down into 222,000 jobs added in the private sector and 30,000 jobs dropped by government. This provides evidence for one side of the economic policy debate of the moment, you could even say...
February Unemployment Numbers: Good, But Don't Pop the Champagne
March 4, 2011 | The unemployment numbers for February are in, and though economist Peter Morici advises, "Don't Break Out the Champagne Just Yet," the data are encouraging. There are two separate surveys, remember - of "establishments" and "households" (the...
Making Sen$e: 'Feelin' Lousy' - Financially Groovy In Song
March 3, 2011 | EDITOR'S NOTE: Last month, we featured a week-long series of songs by our country crooning friend Merle Hazard about the Euro-debt crisis: Spain, Ireland, Italy and Germany, and an encore of the infamous Greek Debt song. We invited you...
Making Sen$e: Earth to Paul- Wisconsin is Not Rhode Island!
March 2, 2011 | EDITOR'S NOTE: Paul has spent the past few days responding to some of the many questions and comments we received regarding last week's broadcast story, "In Tiny Rhode Island, a Massive Public Pension Crisis Looms" and the Making Sen$e web...
Making Sen$e: How States Have Responded to the Pension Crunch
March 1, 2011 | EDITOR'S NOTE: We received a number of responses from viewers like you regarding last week's broadcast story, "In Tiny Rhode Island, a Massive Public Pension Crisis Looms" and the Making Sen$e web piece, "Paying For Public Pensions." So, over...
Save the Pensions: Tax the Rich
February 28, 2011 | EDITOR'S NOTE: We received a number of responses from viewers like you regarding last week's broadcast story, "In Tiny Rhode Island, a Massive Public Pension Crisis Looms" and the Making Sen$e web piece, "Paying For Public Pensions." So, over...
The Economics of a World Run Riot
February 25, 2011 | Are there any economic explanations for the world running riot, especially in North Africa? Maybe, says investment adviser Ed Yardeni, an otherwise pretty consistently conservative economist. He cites distinguished Brandeis University historian David Hackett Fischer and Fischer's 1996 book,...
Making Sen$e: Paying For Public Pensions
February 24, 2011 | Editor's Note: As the fire over collective bargaining and public worker benefits burns across the country, on Thursday's broadcast we're looking at perhaps the issue behind it all: public pensions and how to pay for them. Our story takes place...
The Pain in Spain: How Hard Is the Rain Gonna Fall on the Plains?
February 23, 2011 | The specter of Euro-debt default is again roiling the markets. "Worries Over Europe Pose Risks for Euro," read a headline in Monday's Wall Street Journal. "Spain Pegs Cajas' Possible Problem Debt," warned another. Cajas are the regional Spanish banks,...
Tool$ Tuesday: You Cut the Deficit
February 22, 2011 | As the President and Congress wrestle over the particulars of a trimmed-down federal budget, the non-partisan Committee for a Responsible Federal Budget, funded by longtime budget nudge Pete Peterson, offers this tool for lowering the debt load -- all...
What Do Wisconsin Protests Say About Organized Labor?
February 21, 2011 | Having begun my journalism career in college in the '60s, I figure I've been covering the labor movement for nearly half a century - a half century of relative decline. It's easy to understand in retrospect. After World War...
The Machine Breakers We Have Always With Us
February 18, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: A long and interesting email arrived recently from one Jean Maier. I've been responding to...
NIIP'ing International Investment Confusion in the Bud
February 18, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: The epic e-epistle from one Jane Maier comes to an end today with her fourth...
Merle Hazard and You: And the Winner Is...
February 16, 2011 | We have an update on our country-country lyric contest, inspired by the econo-crooner Merle Hazard. Those of you who frequent these pages often will remember our series late last month where Merle lyricized about the financial crises in Spain,...
How-To Economics: Irrational Assurance Tips for Valentine's Day, Part II
February 15, 2011 | In our efforts to maximize your utility in this 'Material World' via behavioral economics, we're unilaterally extending Valentine's Day for 24 hours with a second video tip from Duke's Dan Ariely, who joined us on Making Sen$e as a...
How-To Economics: Irrational Assurance Tips for Valentine's Day
February 14, 2011 | Our friend Dan Ariely, of behavioral psychology and economics fame, returns to Making Sen$e as a regular presence, starting today. The book that made him famous is called "Predictably Irrational," but we think of Dan as 'positively rational.' That's...
Introducing How-To Economics: Living in a Material World
February 11, 2011 | Today, we inaugurate a new feature here on Making Sen$e: How-to Economics: Living in a Material World. And to explain the good works we're up to, I talked to Duke's Dan Ariely, who'll be one of our prime contributors....
Making Sen$e: 'Degrowth'?!
February 10, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Paul Solman: The last post began to answer Jane Maier's epic email by discussing "heterodoxy"...
Holy E-mail, Batwoman! Is Economics Stuck in the Mud?
February 9, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Jean Maier Question: Hello Mr. Solman, I enjoy your economic reports on the NewsHour...
Tool$ Tuesday: Currency Conversion and Haydn's Messiah
February 8, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's query: Name: Roland Weiser Question: I would appreciate the name of the site where you can...
How Can My Family Protect Itself in Case of Total Economic Meltdown?
February 7, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Kimberly Foster Question: I am scared. My impression of our country's economic situation now...
A Disjointed Jobs Report and U-7, Month Two
February 4, 2011 | Today's unemployment data are a muddle. The two surveys - of individuals and of employers - seem to say very different things. Unemployment dropped - to 9 percent, according to the "household survey." Three cheers. But the "payroll survey"...
AIG and Credit Default Swaps: A Clarification
February 3, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Merritt Dunn Question: Since the Treasury Department bailed out AIG and AIG had underwritten...
One-Million Car March?
February 2, 2011 | A warning to those expecting EVs to clog the roadways anytime soon, or even to meet President Obama's stated goal of one million by 2015: It's not likely to happen, despite the fact that the U.S. has as...
Tool$ Tuesday: What's Your Vehicle's Carbon 'Tire-print'?
February 1, 2011 | Today's "Tool$ We Use" features three on the carbon emissions you generate by driving, with a bonus global warming video attached for your viewing discomfort. On the broadcast Monday: a story about electric cars, with a focus on GM's Chevy...
'Revenge of the Electric Car' Director Paine Discusses Renewed Optimism for Vehicle
January 31, 2011 | Filmmaker Chris Paine achieved notoriety with his 2006 documentary, "Who Killed the Electric Car?" Now he's back -- with a more sanguine sequel, "The Revenge of the Electric Car." Producing two stories about the electric car myself, the second of...
How Funny is the Chevy Volt? The Washington Post's Professional Skeptic Gives It a Going Over
January 31, 2011 | As a preview to our Tool$ Tuesday feature , here's a truly surprising "review" of the Chevy Volt, the electric darling of the Detroit Auto Show earlier this month and the...
From the Pain in Spain to Taxes in Naxos: Merle Hazard's Euro-Serenades
January 28, 2011 | All this week we've featured investment advisor Jon Shayne, aka Country-and-Western economist Merle Hazard, warbling his way through the European debt debacle. He started with the pain in Spain and moved on through Erin Go Broke to the tune...
Ode to Germany: Merle Hazard, Backed by Beethoven
January 27, 2011 | Today's post introduces the fourth of country singer Merle Hazard's Euro-shanties, this one taking off on the Ode to Joy from Beethoven's 9th. Merle will do anything to educationally amuse. So will we....
Paul Solman on the Economics of the Union
January 27, 2011 | What a relief: a SOTU address without the traditional partisan whack-a-mole standing ovations. "Date night's" civility - or, if you prefer, lack of passion - had the virtue of keeping Democrats and Republicans mostly in their seats. Sitting cheek by...
The 'Hits' Just Keep On Coming
January 26, 2011 | By "hits," I mean Merle Hazard's Golden Newbie Euro-crisis Euro-tunes, as well as the Internet views that they've been garnering. Monday's post: The Pain in Spain Falls Plainly from Merle's Brain. Yesterday's: Erin Go Broke. And today, the world debut...
Making Sen$e: Erin Go Broke
January 25, 2011 | Today's post puts the economic woes of the Emerald Isle to music. The lyrics are Hazard's, though I confess to have taken crack at them myself and then, at some risk to my ego, sent both sets of lyrics --...
The Pain in Spain Falls Plainly from Merle's Brain
January 24, 2011 | The first of this week's series of posts from the ever-melodic, ever-economic Merle Hazard debuts today: a ditty on the plight of Spain....
Merle Hazard Makes Sen$e: The Country Crooner Goes Global
January 21, 2011 | Friday's post consists of a Web chat with the Elvis of economics, the Ferlin Husky of finance, the Charlie McCoy of micro, the Jimmy Dean of the dismal science -- star of the country-and-western macrocosm, investment adviser Jon Shayne...
Desolate Detroit: The Forsaken City
January 20, 2011 | In its heyday, it boasted nearly two million people, the world's premier automobile industry, the world's most popular music , and perhaps the country's most prosperous black middle class. But Detroit's population is down 50 percent, as are wages in...
Buzz Words in 2020 Will Be Same as in 18th Century. At Least Economically-Speaking.
January 19, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Sam Question: I immensely enjoy your segments on PBS. I am intrigued by the...
The Answer to the Exchange Rate Debate: Chinese Inflation
January 18, 2011 | The Chinese currency debate has developed a new twist in recent months: Chinese inflation. The argument, made by Columbia University economics professor Geng Xiao in an updated story of ours running on Tuesday's broadcast, is that the rise in Chinese...
Promises, Promises: The Public Pension Pinch
January 17, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Sharon McDonnell Question: I am so very sorry we do not have a larger...
What Worries Economists in 2011: From Lower Housing Prices To a Crisis in Europe
January 14, 2011 | This will not come as news to our Twitter followers , but we spent last weekend at the annual economics convention, held this year in Denver. Every January we buttonhole economists of various stripes and political persuasions to pose a...
More Than One Million Homes Foreclosed on in 2010
January 13, 2011 | We've devoted a fair portion of our reporting over the past year to home ownership and foreclosure. Some of those stories ran again, with updates, during the last week of the year. Today comes the official tally for 2010: more...
Making Sen$e: Is the Fed a Scam?
January 12, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Charles, San Francisco, Calif. The Fed Chairman and President Obama often complain that the...
Making Sen$e: What IF the Banking System Failed?
January 11, 2011 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Paul, El Cerrito, Calif. I have been a dedicated viewer of your segments on...
December's Job Numbers: Do They Represent All Job Seekers?
January 7, 2011 | I was all set to label our monthly post on the unemployment data "Hold Your Horses" or "Not So Fast," a warning not to overplay the apparently sizable drop in the official unemployment rate from 9.8 percent to 9.4....
Strategic Default: Immoral or Not?
January 7, 2011 | Rounding out our series today, those of you considering strategic default might find particular encouragement from the web chat with law professor Brent White of the University of Arizona, who thinks it is both legally and morally okay. "It's interesting...
Who Do You Hurt When You Walk Away?
January 6, 2011 | More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects when homeowners strategically default. "By walking away, not only do you damage...
Strategic Default: Right or Wrong?
January 5, 2011 | We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford...
A Mortgage-Backed Security Map: The Fantastic Fate of One Man's Loan
January 4, 2011 | The complexities of getting or refinancing a mortgage are many: the broker you can or can't trust, the screening of your income and credit, the appraisal, the fear that rates will rise before approval, the title search, the paperwork at...
Should You Swim Away From an Underwater Mortgage?
January 3, 2011 | Your mortgage is underwater. Making the payments is both difficult and demoralizing. Is it ethical for you to walk away? As we've reported, there are arguments both ways. Here's a feature to help you make up your mind. Public...
The Year in Foreclosure Reports
December 31, 2010 | Mortgage paperwork was a mess. Foreclosures were rampant. Homeowners went through months-long modifications, losing hope when it all fell through. The housing crisis was one of the major stories of the year. And as 2010 draws to a close, we've...
Alyssa Katz: How Government Is Failing the Homeowner
December 31, 2010 | We last spoke with journalist and author Alyssa Katz back in October 2009. She had just finished writing "Our Lot," a book on the history of America's housing market. "The issue is that the investors and investment banks that finance...
Robert the Robot, the Mechanical Man
December 29, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Jose Question: In Virginia we have a non-judicial foreclosure process. The servicers and their...
The Loan Mod Squad: A Request to Business Desk Readers
December 28, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Toby Hanna Question: I purchased a house in 2006. A year ago I tried...
The American Dream Deferred: What Befell our Strategic Defaulters?
December 27, 2010 | We've devoted a lot of attention to the foreclosure crisis that is threatening the homes of so many Americans, and to various ways they've sought help: non-profit third parties; the government's loan modification program, HAMP. But you may remember that...
2010, the Year of Foreclosure
December 24, 2010 | Of the two dozen "Words of the Year" cited by the New York Times the other day, two of them -- "robo-signer" and "put-back" -- were spawned by the foreclosure crisis. ...
Will the U.S. Follow Europe's Austerity Lead?
December 16, 2010 | Paul Solman answers questions from the NewsHour audience on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Sharon McDonnell Question: Paul, I apologize if I missed a step in the unfolding narrative but...
Why Doesn't the U.S. Just Print More Money, Rather Than Borrow?
December 15, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Bill Turner Question: Why does the U.S. borrow so much instead of printing as...
Tool$ Tuesday: Interactive Tax Cut Graphic
December 14, 2010 | Today's tool concerns the extension of the Bush tax cuts and comes via the Washington Post, which generated the interactive graphic some time ago. But it's as timely a tool as ever, given that the Senate vote Monday night paved...
What's Causing U.S. Personal Spending to Drop: Job Losses, Fear or Both?
December 13, 2010 | Paul Solman answers questions from NewsHour viewers and site visitors on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Michael Cassady Question: Paul, If the U.S. consumer market is the economic driver of...
Loan Modifications: A Question of Economic Injustice?
December 10, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Friday's query: Three questions today, one answer. Name: James Tracey Question: On a recent program, you interviewed...
Good Ideas to Save the Economy Can Have Unintended Consequences
December 9, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Fred Damato Question: Would this work to jump start the economy? Give all citizens...
Two Retirement Planning Tool$ to Use NOW
December 7, 2010 | Retirement tools. The questions they ask you to fill in seem designed to scare your pants off: How much do you expect to earn on your assets? When are you planning to retire? When are you going to die? Sadly,...
Unemployment Figures: Worse Than They Appear
December 3, 2010 | The verdict on today's unemployment numbers is unequivocal. Conservative economist Peter Morici writes: "Terrible! Only 39,000 new jobs created is awful. After we back out health care and social services, which are largely government funded, the private sector is not...
Tips for Help With Your Home Loan Modification
December 2, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Ben Roman Question: I am having a problem with trying to get a modification...
Million Dollar Question: How Can 'Europe' Bail Out 'Europe'?
December 1, 2010 | I'm OK, EuroK? Maybe not. Here's an Australian parody video of what you might call "EuroK thinking." It's making the rounds in Europe at the moment. ...
Tool$ Tuesday | The Bush Tax Cuts
November 30, 2010 | Today's Tool$ Tuesday is another look at how the tax cuts might be implemented. This Bush Tax Cut tool comes by way of the Tax Policy Center, a much-appreciated think tank in today's hyper-polarized environment....
Doesn't Social Security Pay for Itself, Since It's Taken Out of My Paycheck?
November 29, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: The following email comes via the PBS Ombudsman: Name: Phyllis Koch Question: I am constantly...
What Does Justice in the Foreclosure Crisis Look Like?
November 24, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: An amended answer today to a question answered imperfectly last month. The email,...
Introducing Tool$ Tuesday: A New Feature
November 23, 2010 | Today we present Tool$ Tuesday- the first in a series of online calculators and tools that I or others on the Making Sen$e team have actually used. The primary purpose is to present tools that we have found helpful in...
Small Business Owners and the Bush Tax Cut Debate: No Easy Answers
November 22, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Howard Herbst Question: Republicans say they want to keep the Bush tax cuts for...
The Confidence of Ben Bernanke in Germany
November 19, 2010 | For a speech by a Federal Reserve Chairman, Ben Bernanke's remarks on "global rebalancing" certainly weren't designed to fly under the radar. "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal, "laying...
Joe Nocera's Economic 'Hall of Shame'
November 19, 2010 | "We titled the book 'All the Devils are Here'," said Joe Nocera's co-author, Bethany McLean, "because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the villains!...
Economics is Missing A Funny Bone | An Interview With 'Merle Hazard'
November 17, 2010 | The Fed's announcement of another round of so-called "quantitative easing" is all over the news. Basically, it's an announced commitment to create $600 billion dollars or more of new "Federal reserves" - i.e., U.S. dollars - and pump them...
How Would YOU Balance the U.S. Budget?
November 15, 2010 | The Sunday Times recently featured an exercise that it might make sense for all Americans to try, and certainly members of Congress pressing to balance the budget- Budget Puzzle: You Fix the Budget. And, if you prefer to get out...
How Stimulating is Military Spending?
November 10, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Rich Tuloch Question: I learned long, long ago in school that military spending is...
The Fed's $600 Billion Move: Monetary Debauchery?
November 8, 2010 | Forgive me for not answering a question today, but for posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011,...
Solman Answers Reader Questions on Latest Job Numbers
November 5, 2010 | A flurry of questions today about the October job report from NewsHour's Facebook and Twitter. In response, a flurry of answers. ........................................................................................................................................... Janet Vetter: The economy added 150,000 jobs but the unemployment rate remained the same? What is this telling...
Midterm Election Pitted Keynesians vs. Hayekians, Again
November 4, 2010 | This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions. "It's the economy, stupid." "Are you better off now than you were four years ago?" (Ronald Reagan, 1980)...
A Side Note on Herbal Supplements
November 1, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Dick Levinson Question: While I admire your intelligence and integrity, your recent piece on...
Foreclosure Issues Elicit Strong Debate
October 28, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: John Magill Question: Regarding your Oct.14 article on foreclosures and specifically the woman who...
Your Mortgage Questions Answered: Consumer Lawyer Max Gardner
October 27, 2010 | Editor's Note: In Show Me the Mortgage, Paul Solman talked to "the dean of the bankruptcy bar," North Carolina lawyer Max Gardner, about the possibly fraudulent paperwork banks are under investigation for using. Gardner answers viewer and reader mortgage questions....
Would Unemployment Drop If Wages Were Tied to a Firm's Profits?
October 22, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Friday's query: Name: Dr. Morris Weinberger Question: Could unemployment be ameliorated by using the "short" method of...
Why Not Use Financial Revenues to Pay Down the National Debt?
October 21, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Missy Rodey Question: Paul - I understand that about 50 percent of U.S. revenues...
Nonprofit Bank Buys Foreclosed Homes, Then Sells Them Back to Former Owners
October 20, 2010 | _pap_embeddable; We have the third installment of our Making Sen$e foreclosure series on Wednesday's NewsHour. The focus: Boston Community Capital, a privately and publicly funded "community development finance institution." In this web video exclusive, we talk to...
Consumer Lawyer Max Gardner to Answer Your Foreclosure Questions
October 15, 2010 | On the NewsHour Thursday, Paul Solman had the first in a series of reports on the foreclosure debacle. In "Show Me the Mortgage," Solman looked at some of the legal issues being raised about the validity of foreclosure filings,...
Why We're Looking at Foreclosures
October 14, 2010 | On Thursday's NewsHour, we have the first in a series of stories on foreclosures. A glance at the "Most Popular" list at the Wall St. Journal's online real estate page gives some sense of the shapes these stories are taking:...
How Does Chinese Currency Hurt U.S. Debt?
October 14, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Brian P. City and State: Madison, WI. Question: There has been a lot of...
Robert Putnam to Answer Your Questions on 'American Grace'
October 13, 2010 | UPDATE | Oct. 18, 2010 Robert Putnam has answered some of your questions here. On Monday's NewsHour, I interviewed public policy professor Robert Putnam of "Bowling Alone" fame about his massive new study of religion, six years in the...
This Year's Nobel Prize Winners in Economics: Skeptics and Supporters
October 12, 2010 | A few words about the Nobel Prize in economics and this year's winners. First, the skeptics. They are eager to point out that the prize in economics is actually the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred...
September Job Losses Steeper, Worse for Economy Than Expected
October 8, 2010 | Disturbing September job numbers out Friday showed a net loss in total employment of 95,000 jobs, as the federal government dropped 76,000 positions, mainly Census workers, and state and local governments lost 83,000. In the private sector, jobs increased slightly....
Upcoming: Ways To Deal With the Foreclosure Crisis
October 7, 2010 | The past week's revelations of bank insouciance with regard to the legal niceties of foreclosure and eviction, most notably the robo-signers who admitted they did not read what they signed off on, have led to a national push to freeze...
With Such High Unemployment, Should the Foreign Worker Program End?
October 5, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news every day on his Making Sense page. Here's Tuesday's query: Name: John Carter Question: Given current employment, why is there still an H1-B program at...
What's The Best 'Spending Yourself Out Of Recession' Argument?
October 4, 2010 | Paul Solman answers questions from NewsHour viewers and web users on business and economic news every day on his Making Sense page. Here's Monday's query: Question: You recently answered a question about why stimulus spending is the government's responsibility. I...
Even As a Small Stockholder, Why Don't I Have Any Power?
September 30, 2010 | Name: Frances Pearson Question: I am a small stockholder. My portfolio is all blue chip. Stockholders in every company are trying to control executive compensation- to no avail. I vote for all stockholder proposals and do not give my proxy...
Update | Round Two in the Lehman Art Auction
September 29, 2010 | The Lehman art auction, part II, took place today at Christie's in London. Several works we covered in our popular slide show sampler of the auction -- Lucian Freud's portrait etching and Gary Hume's "Madonna" -- were...
Lehman Art Auctions Better Than Expected
September 27, 2010 | As a follow up to Friday's Lehman Brother's art collection video, this video looks at how some of the pieces actually fared on Sotheby's auction block. Overall, the sale went slightly better than expected: while experts were predicting a...
Art Collection Could Prove Shrewd Investment for Lehman Brothers
September 24, 2010 | Two years to the month after the titan of Wall Street declared bankruptcy, Lehman Brothers' extensive and diverse art collection is headed to the titans of the auction block: Sotheby's of New York and Christie's of London. The art was...
Could Small Stuff Be Good Indicators the Economy is Turning Around?
September 23, 2010 | Question: In trying to understand how to read the signs that we might be in a more robust recovery, I hear a lot about business expansion, hiring, product development and other growth-oriented factors that would serve as key indicators. But...
Why Can't New Jobs Be Created Immediately?
September 22, 2010 | This entry is cross-posted on the Business Desk, where business and economics correspondent Paul Solman answers your questions on economic news. Follow Paul on Twitter. Question: First of all, thank you for the articles on the 99ers. We need all...
Sizing Up Wall Street Critic Elizabeth Warren as Your Consumer Advocate
September 17, 2010 | Today, Elizabeth Warren was put into de facto control of the Consumer Financial Protection Bureau she helped conceive. Opposition from America's banks was the widely reported reason she wasn't formally nominated to run it. One might wonder that the U.S....
Update | Mott's Strike Settled: Workers Returning to Apple Sauce Factory
September 14, 2010 | There was considerable viewer interest in last week's story on increased U.S. productivity being caused by a reservoir of unemployed workers, allowing firms to pressure workers to toil longer and harder for the same or lower wages. Our case study...
Paul Solman Explains: How Is a Jobless Recovery Possible?
September 3, 2010 | On a day when new jobs numbers indicate that U.S. unemployment is continuing to edge up, Paul Solman answers a viewer question on the Business Desk about how it's possible to have a jobless recovery. Name: Mohammad Khan Question: I...
Negotiation Expert Robert Mnookin Answers Your Questions
August 31, 2010 | Last week, Paul Solman spoke with Harvard Law School professor Robert Mnookin, an expert on negotiation, about his new book "Bargaining with the Devil: When to Negotiate, When to Fight." Mnookin offered to take some viewer questions. Here are his...
The Fed Speech: Paul Solman Channels Ben Bernanke
August 27, 2010 | Years ago, Saturday Night Live's Kevin Nealon debuted a character named "Mr. Subliminal" whom he still reprises. The gimmick: Nealon talks and then occasionally, under his breath, says what he's really thinking. In October, President Obama economic adviser Austan Goolsbee...
Ask Negotiation Expert Robert Mnookin Your Questions
August 26, 2010 | On Thursday's NewsHour, Paul Solman talks to Harvard Law School professor Robert Mnookin, an expert on negotiation, about his new book "Bargaining with the Devil: When to Negotiate, When to Fight." "My approach is always to see if I can...
'Rational Optimist' Matt Ridley Answers Your Questions on Economy, Science
August 25, 2010 | Editor's Note: Last week, Paul Solman talked to "rational optimist" Matt Ridley about why he believes that life on earth for humans is getting better and better. <!-- _pap_embeddable; //--><!]]> Ridley agreed to answer some of your questions --...
A Second Look at Strategic Mortgage Defaulters
August 18, 2010 | In anticipation of Tuesday's rerun of our report on strategic mortgage defaults, producer Lee Koromvokis checked back in with the characters we interviewed back in April for the story. <!-- _pap_embed_custom; //--><!]]> Fort Myers restaurant manager Josh Bartlett is still...
More from 99ers: Unemployment Leads to Foreclosure
August 12, 2010 | Updated 4:19 p.m. Given today's news that foreclosures jumped 9 percent in July, we've posted the last of our 99er interview outtakes, in which Faith Phillips tells a striking story: She'll be paying off condo fees on her foreclosed house...
Making Sense: More From the '99ers'
August 11, 2010 | There's been quite a bit of reaction to our story last Friday on the extension of unemployment insurance benefits past 99 weeks. You can read some of it here in the comments section on the Making Sen$e post,...
The '99ers' Share Their Stories
August 6, 2010 | Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there...
In Spain, Present Looks Brighter than Past Despite Economic Woes
July 22, 2010 | <!-- _pap_embed_custom; //--><!]]> Editor's Note: Paul Solman is reporting from Greece and Spain this week on Europe's economic woes. This entry is cross-posted on his business desk blog. Jose Antonio Martinez Soler is a distinguished Spanish journalist who was tortured...
Part II: Greek Prime Minister Talks Debt Crisis, World Economy
July 21, 2010 | <!-- _pap_embed_custom; //--><!]]> Editor's Note: Paul Solman is reporting from Greece this week about the country's financial crisis. Above, watch the second half of his interview with Greek Prime Minister George Papandreou about how Greece is handling the crisis. He...
Greek Prime Minister Talks Financial Crisis, Austerity Measures
July 20, 2010 | <!-- _pap_embed_custom; //--><!]]> Editor's Note: On Tuesday's NewsHour, Paul Solman reports on how the people of Greece are responding to the austerity measures the country has imposed to deal with its debt crisis. "Obviously we have a daunting [...] prospect...
Country Singer Merle Hazard Tackles the Greek Debt Crisis
July 19, 2010 | We here at Making Sen$e have long been fans of Nashville investment adviser Jon Shayne, who became known to us as Merle Hazard, the singer and author of country-and-western songs about economics. We featured snippets of his performances in our...
Paul Solman: In Greece, Underground Economy Fuels Financial Crisis
July 6, 2010 | Paul Solman is reporting from Europe this week about economic woes abroad and tough choices those problems pose. This entry is cross posted on his Business Desk page. My travels have taken me to France to talk with the...
Paul Solman: Viewers Respond to Chicken Chase Scene
June 24, 2010 | We received a very sobering set of viewer responses to the opening sequence of our credit crunch story from Springfield, Mo., the other night, of which a few are excerpted below. I have to confess, I was so caught up...
Ask Roubini and Taleb Your Questions on Stimulus Spending, U.S. Debt
June 16, 2010 | Back in 2006, economist Nouriel Roubini and scholar Nassim Taleb shared some words of warning about the state of the financial and housing markets. On Tuesday night's NewsHour, we spoke with both of them again about their pessimistic views about...
Paul Solman: How Do Oil Imports and 'Oil Independence' Intersect?
June 10, 2010 | This entry is cross-posted on the Business Desk blog, where economics correspondent Paul Solman answers your questions on economic news. Question: I'm befuddled by the "oil independence" movement that is neatly summarized by the slogan "drill baby drill." This somehow...
How Economics Affect the Oil Spill Blame Game
June 1, 2010 | The underwater gusher in the Gulf has critics pointing fingers every which way. British Petroleum is the obvious first choice, but Obama administration officials are another easy target: It happened on their watch. Or you can blame the predecessor Bush...
Thoughts on Thursday's Wild Market Ride
May 6, 2010 | For anyone visiting my Making Sen$e page Thursday to find out why markets are quaking, allow me to repeat the phrase that ought to be the motto for this page, so often have I used it: Credit comes from...
Economist Advocates Removing Risk Taking from the Banking Industry
April 6, 2010 | Editor's note: On the NewsHour tonight, leaders of the "Move Your Money" movement explain why they think Americans should move their money from large "too-big-to-fail" banks to small community institutions. "I hope it sends a warning to the big banks...
Karl Case's (Poetic) Reflections on the Housing Market
February 4, 2010 | We've been interviewing Wellesley economics professor Karl 'Chip' Case since the last housing crash here in Boston in the late '80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. He is one of...
Home Prices Up Slightly in November
January 26, 2010 | Case and Shiller, the economists of the fabled Standard & Poor's/Case-Shiller Housing Index, appear together for the first time on the NewsHour tonight, taking us all on a tour of Atlanta, Ga., and its housing woes....
Are the Jobless Finding Jobs?
January 8, 2010 | Given that Friday marked the first unemployment number of the new decade, or technically the last one of the old, we thought we'd contact some of the jobless we've interviewed over the past year and see how they're faring. A...
Year in Review: Reporting on the Growing Ranks of the Unemployed
December 31, 2009 | It's been an odd year for anyone who, like your correspondent, makes a living in and around economics. Odd because, for me at least, there's a version of survivor guilt: The worse the world has gotten, the more interest there's...
Signs of Economic Recovery in Hard-Hit Elkhart, Ind.
December 23, 2009 | Today's Wall Street Journal reports that in the heart of unemployment country, Elkhart, Indiana, things are looking up -- or, more accurately perhaps, "less down." Unemployment there now stands at 14.5 percent, reasonably well below its peak of 18 percent...
Paul Solman: The Story Behind the Jobs Numbers
December 4, 2009 | Good jobs data dominate the headlines this morning: Unemployment holding pretty much steady at long last; dramatic downward revision in last month's number of lost jobs; average hours up. The NYT on its Web site: U.S. Economy Lost Only 11,000...




















