President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president’s prepared remarks: Continue reading
In another sign of how bad the economy is getting for even the biggest companies, Microsoft Corp. announced Thursday that it is cutting 5,000 jobs over the next 18 months. Continue reading
A day after President-elect Barack Obama warned that the recession could “linger for years” unless Congress pumps money into the economy, a government report released Friday underscored the toll the downturn is having on workers and companies. Continue reading
Question/Comment: I hear plenty about businesses that are failing or have failed in the recent financial turmoil. I heard little about businesses that remain stable or even prosperous. What is making the difference between the two? Paul Solman: If you … Continue reading
On Tuesday, Dec. 23, Paul Solman examined an innovative social entrepreneurship program that uses business methods to achieve social change for at-risk urban youth. You can find the transcript here.
On Monday’s NewsHour, Paul Solman examined whether big infrastructure projects, such as the one being considered by President-elect Barack Obama, are an effective way to create new jobs and stimulate the economy.
Question/Comment: I have heard guests on the NewsHour say that the recession will last into 2009 or 2010. What is it that is supposed to happen in this short time period that will result in happy days being here again? … Continue reading