The Obama administration’s call for drastic reforms of GM and Chrysler has sparked new debate on the future of Detroit’s “Big Three” automakers. Analysts discuss what the restructuring effort may mean for the auto industry’s future. Continue reading
The U.S. economy contracted at a sharp 6.2 percent pace at the close of 2008, its worst showing since 1982, as exports plunged and consumers and businesses cut back spending. Continue reading
As fears over the economic crisis continue to erode investors’ confidence, markets at home and abroad are feeling the effects. Financial analysts discuss how the markets relate to the realities of the economic turmoil. Continue reading
Question/Comment: What is the worst case scenario if the consumer becomes a saver? Or if nations, including United States, raise trade barriers? Or if the financial bailout fails? Paul Solman: Hmmm. Well, the first is happening as we speak: Consumers … Continue reading
In a special online-only video, Paul Solman examines how the company “Not Your Daughter’s Jeans” is faring as currency values, trade alliances and consumer spending shift in the global economic crisis. You can find the answers to all the “rag … Continue reading
- With the Economic Downturn and Wages Stagnant, What Economic Rationale Prevails for Increasing Prices?
Question/Comment: In the New York Times recently, it was stated that there has been a drop in consumer prices. Here is NYC I have found that prices have risen. For example, a half gallon of milk that was $1.89 three … Continue reading
Apple has announced its plans to make music from four major record companies available through iTunes without copying restrictions and outlined a new three-tiered pricing system for individual songs. A reporter discusses the implications of the changes for the music industry. Continue reading
- Can You Explain Why Our Economy Seems to Only Work As Long As We Buy Lots of Cars and Other Consumer Goods?
Question/Comment: Can you help me understand why our economy seems to work only as long as we buy lots of cars and other consumer goods, some of which aren’t really necessities? Isn’t there some other way, at least in theory, … Continue reading