This month’s stock market “flash crash” of 1,000 points was the subject of Senate hearings, as the federal regulators proposed new rules to prevent further instability. Jeffrey Brown talks to two financial experts for more on the markets. Continue reading
The European Union and the International Monetary Fund have made progress in securing a rescue package to keep Greece from defaulting on its debt, as citizens protested the stark austerity measures the government is considering. Margaret Warner reports. Continue reading
Question: I’ve been watching the difficulties the government has had propping up the banks — the lack of control, the salaries, the fact that they’re trying to fix entities with a lot of toxicity on their balance sheets. The following … Continue reading
President Barack Obama and British Prime Minister Gordon Brown on Tuesday hailed the “special relationship” between their countries as the two held talks on how to solve the economic crisis reverberating around the globe. 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
Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was … Continue reading
As the G-20 economic summit drew to a close Saturday, President Bush and the leaders of nearly two dozen countries agreed to flag risky investing and regulatory loopholes in the hopes of preventing future financial meltdowns. Continue reading