With half of the $700 billion in financial industry rescue funds already allocated, new questions are emerging over exactly how banks have used the money. A financial reporter and a top GAO official examine the issue. Continue reading
Question/Comment: We’re told that lower consumer spending will make economic recovery much more difficult. We’re admonished that we don’t save nearly enough, and are among the lowest among industrialized nations. So which is it: spend or save? Paul Solman: The … Continue reading
On Tuesday, Dec. 16, Paul Solman looked at the psychological causes and effects of low consumer confidence through the holiday season.
Amid the shopping frenzy of “Black Friday” — the traditional after-Thanksgiving kick off to the holiday shopping season — retailers are looking to holiday sales to boost their sagging balance books. Jeffrey Brown talks to analysts about how the retail industry is faring. Continue reading
Britain’s famous shops are reeling from troubles in the country’s banking sector and hoping that a new stimulus plan will provide a much-needed boost. Margaret Warner reports from London on how businesses are coping with the crisis. Continue reading
New data show that consumer spending fell 3.1 percent in the third quarter, its sharpest drop in 28 years. New York Times columnist David Leonhardt examines the latest numbers. Continue reading
The Labor Department reported a 0.8 percent rise in consumer prices in July — double the expected rate — sending inflation on its fastest annual pace in 17 years. Continue reading
Inflation shot up at the fastest rate in some six months, the U.S. government reported Friday. The jump in prices was blamed largely on soaring gas and food prices. Continue reading