Congress questioned federal regulators during a hearing Monday about why so many warning signs surrounding the business dealings of Wall Street investor Bernard Madoff went unnoticed. New York Times reporter Alex Berenson details the latest developments. 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
The economy experienced an extraordinary year of volatility in 2008 with the collapse of major financial firms and huge market losses. Financial writers discuss the year’s significance and the road ahead in 2009. Continue reading
The holiday season was anything but merry for retailers this year; sales fell by double-digits in several categories, making this shopping season one of the worst in decades. An analyst examines the impact on the economy. Continue reading
Food banks and charities around the country are experiencing shortages as the economy continues to slide. In a two-part report, Tom Bearden examines how food banks are faring and Ray Suarez talks to analysts about the rising number of Americans using food stamps. Continue reading
Question/Comment: Given the history of the ever increasing U.S. national debt and our fluctuating economy, how realistic is it that we will ever pay down or even pay off the national debt? We have never managed to maintain the necessary … Continue reading
Question/Comment: If the world today has all the same resources it had yesterday and America is losing money there must be someone somewhere gaining from this crisis in order for there to be a balance. Am I right? If I … Continue reading