In the second installment in a series of conversations about the struggling economy, Ray Suarez speaks with author Nan Mooney about what she found to be troubling America’s middle class. She interviewed more than 100 people for latest book, “(Not) Keeping Up With Our Parents: The Decline of the Professional Middle Class.” Continue reading
Lehman Brothers chief Richard Fuld took responsibility Monday for a staggering $3 billion in losses in the second quarter, saying the company was too slow to react to the unfolding credit and mortgage crisis. Roben Farzad of BusinessWeek magazine outlines how the news may affect Wall Street and Main Street. Continue reading
Iraqi Prime Minister Nuri al-Maliki asked world leaders Thursday “to end the international sanctions that were imposed on Iraq because of the previous regime and to write off debts” that are an “impediment against reconstruction and development.” Continue reading
Question/Comment: How can any elected official do anything about the economy when 90 percent of the budget goes to the military, entitlement programs, earmarks and the national debt? Paul Solman: She or he can vote to spend less (or more) … Continue reading
Question/Comment: Paul, please keep up your enlightening NewsHour segments. My question: How much national debt is a good thing? Generational fairness clearly calls for limits, but despite the many voices weighing in on this issue, I have yet to hear … Continue reading
- How much of the U.S. economic problems are caused by the deficit and what percentage of the deficit is the Iraq war?
Question/Comment: 1. How much of the U.S. economic problems are caused by the deficit? 2. What percentage of the deficit is the Iraq war? 3. How can the U.S. ever pay off the deficit, and how long will it take? … Continue reading
- It’s been a long time since I took Econ. 101, but as I remember, if you keep printing ever-greater amounts of currency, inflation takes on a life of its own.
Question/Comment: It’s been a long time since I took Econ. 101, but as I remember, if you keep printing ever-greater amounts of currency, inflation takes on a life of its own. Isn’t that what we’ve been doing at the rate … Continue reading
- How can such enormous debt be sustainable and what happens to the world economy if the U.S. defaults?
Question/Comment: I am a Canadian. Unfortunately, 87 percent of our trade is with America. Consequently, U.S. recessions are felt more deeply in Canada. However, my questions are about the American debt. My understanding is that the debt could reach $10 … Continue reading
Question/Comment: As it is with all financial crisis, I guess, a lot of the damage stems from uncertainty. No one knows how much bad debt is out there and who’s holding it. My question is: why is it not possible … Continue reading
- Once companies securitize an asset and remove it from the books, are there provisions by which a company can obtain (purchase back) the asset from the special purpose entity?
Question/Comment: Once companies securitize an asset and remove it from the books, are there provisions by which a company can obtain (purchase back) the asset from the special purpose entity? Since the market for collateralized debt obligations (CDOs) has been … Continue reading