 | 2009 JULY
July 6, 2009
Judge OKs Plan to Sell GM Assets; Appeal Looms
A New York judge has approved General Motors Corp.'s bankruptcy sale in a move that will allow the company's most-profitable assets to quickly emerge from bankruptcy protection under government ownership.
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| July 3, 2009
Palin Resignation, Minnesota Senate Election Resolution Top Week's News
Columnists Mark Shields and Michael Gerson mull Alaska Gov. Sarah Palin's surprise resignation announcement and the Minnesota Supreme Court's ruling that Democrat Al Franken defeated Republican Norm Coleman for a U.S. Senate seat.
 
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| July 2, 2009
Many Left Uncounted in Nation's Official Jobless Rate
Paul Solman examines how the number of jobless people who fall outside of official unemployment counts offer a different picture of the nation's economic recovery.
 
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| July 2, 2009
Other News: After Budget Failure, California Begins Issuing IOUs
In other news, California began issuing IOU notes after the governor failed to reach a deal on the state's budget, and Vice President Joe Biden visited troops in Iraq.
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| July 2, 2009
June Unemployment Dims Prospects for Recovery
After employers shed more jobs than expected in the month of June, the unemployment rate hit a 26-year high last month. New York Times columnist David Leonhardt talks about what the latest job numbers mean for the overall economic picture.
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| July 2, 2009
Why Does Your Refrigerator Have a Light, But Not Your Freezer?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| July 2, 2009
Employers Shed More Jobs Than Expected in June, Unemployment Reaches 9.5 Percent
Employers cut more jobs than expected in June, nudging the unemployment rate closer to double digits and quashing hopes for a quick economic recovery.
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| July 1, 2009
Russia Navigates Fallout of Economic Crisis
With its fortunes tethered to volatile natural gas and oil prices, Russia has suffered record inflation and unemployment in the global financial crisis. In the second of her series of reports from Russia, Margaret Warner examines the country's economic picture.
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| July 1, 2009
Other News: Markets See Modest Rise; Iran Opposition Leader Urges More Protests
In other news, markets rose on positive reports from the manufacturing and housing sectors. Also, in auto news Ford reported its best showing in months but Chrysler and GM each posted a greater than 30 percent loss.
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| July 1, 2009
California Leads States Facing Deepening Budget Crises
Several states are struggling to find solutions for deep budget gaps as a new fiscal year begins. Jeffrey Brown examines the budget picture across the country.
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| July 1, 2009
Why Do Brides Buy Dresses While Grooms Rent Tuxes?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| July 1, 2009
Several States Fail to Pass Budgets for Fiscal Year
With revenues dwindling in the recession, legislators in several states frantically worked Tuesday to avoid government shutdowns and service cuts.
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| JUNE
June 30, 2009
Other News: Markets Slip on Consumer Confidence Data
In other news, U.S. stocks fell after an unexpected decline in consumer confidence, and the F.D.A. may seek to ban certain common painkillers.
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| June 30, 2009
Why Do Drive-Up ATM Machines Have Braille Dots?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 30, 2009
Video Collection: Margaret Warner's Reports From Russia
On the eve of President Barack Obama's meeting with Russian President Dmitry Medvedev, Margaret Warner presents a series of reports on Russia's politics, economy and social issues.
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| June 29, 2009
Barcalounger Closure Marks Continued Manufacturing Decline in Edgecombe County
Last week was a tough one for the people of Edgecombe County, about 80 minutes east of Raleigh with Friday, June 26th, marking the last day of operations for the Barcalounger factory in Rocky Mount.
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| June 29, 2009
Wind Energy Fuels Job Hopes for Oklahoma Youth
In the final installment of her Generation Next series, which has aired on both the NewsHour and NPR, Judy Woodruff reports on how wind energy is generating new career prospects for young Americans in the Sooner State.
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| June 29, 2009
Madoff Sentenced to 150 Years in Prison for Ponzi Scheme
Disgraced financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to defrauding investors out of as much as $60 billion. Ray Suarez talks to New York Times reporter Diana Henriques about the day in court.
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| June 29, 2009
Other News: President of Honduras Ousted in Coup
In other news, the president of Honduras, Manuel Zelaya, was ousted in the first coup in Central America since the end of the Cold War, and Iran's top electoral oversight committee reaffirmed the disputed results of the nation's disputed presidential election.
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| June 29, 2009
What Do You Make of the Madoff Sentence?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 29, 2009
Madoff Sentenced to 150 Years in Prison
Financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to bilking investors out of as much as $65 billion over two decades.
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| June 29, 2009
Guest Host: Robert Frank as the Economic Naturalist
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 26, 2009
In Hartford, Stimulus Funds for Schools Leveraged for State Budget Crunch
John Tulenko of Learning Matters reports on how one school district in Connecticut is weathering the recession, and how the state is using stimulus funds to close budget deficits rather than increase education spending.
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| June 26, 2009
Other News: Iran Cleric Pushes Punishment for Protesters
In other news, a leading cleric in Iran told worshipers that opposition protesters should be punished "ruthlessly and savagely," and President Obama met in Washington with German Chancellor Angela Merkel.
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| June 26, 2009
Amid Recession, U.S. Savings Rate Hits Highest Mark Since 1993
As the longest recession since World War II drags on, Americans are responding by shying away from spending, opting instead to save money at the fastest pace in 15 years, a new report shows.
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| June 26, 2009
Did U.S. Tax Policy Contribute to the Housing Bubble?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 25, 2009
Bernanke Faces New Questions Over Role of the Fed
Federal Reserve Chairman Ben Bernanke faced fresh questions from a House committee Thursday over the central bank's role facilitating Bank of America's purchase of Merrill Lynch. Experts discuss the acquisition, as well as the expanding power of the Federal Reserve, with Jeffrey Brown.
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| June 25, 2009
California Lawmakers Struggle With $24B Budget Gap
Spencer Michels reports on California's struggles to address a $24 billion shortfall in the state budget, which lawmakers say puts the state in danger of running out of money.
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| June 25, 2009
Other News: Wall Street Rises Off Housing, Retail
In other news, markets rose on Wall Street after positive news from the homebuilding and retail sectors, and billionaire banker Allen Stanford pleaded not guilty to to bilking investors out of their investments.
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| June 25, 2009
How Regulatory Reforms Will Affect Consumers (Cont.)
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 25, 2009
Fed Chief Denies Wrongdoing in BofA Deal
Federal Reserve Chairman Ben Bernanke testified before a House committee Thursday, facing questions on the Fed's role in pushing Bank of America to acquire the struggling Merrill Lynch during the height of the Wall Street meltdown.
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| June 25, 2009
Will the Actions of the Fed and Treasury Keep Asset Prices Artificially High?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 24, 2009
Sebelius: Health Reform Puts Focus on Lower Costs, Better Choices
Health and Human Services Secretary Kathleen Sebelius on Wednesday urged lawmakers to approve the White House health care reform plan. She outlines the case for the overhaul with Judy Woodruff.
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| June 24, 2009
Other News: Bomb Blast Kills Dozens at Baghdad Market
In other news, a bombing at a Baghdad market killed at least 69 people, and the Federal Reserve said it will leave interest rates unchanged.
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| June 24, 2009
Wealthier Areas of U.S. Experience Largest Rise in Uninsured Rates
As President Obama's administration and Congress tackle the challenging task of health care reform, an examination of the number of uninsured people in Patchwork Nation communities reveals that the areas hardest hit between 2000 and 2005 were the wealthier Monied Burbs and Boom Towns.
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| June 24, 2009
Fed Keeps Key Rate at Record Low
The Federal Reserve said Wednesday that the recession is easing, but that the U.S. economy likely will remain fragile and limit the threat of inflation.
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| June 24, 2009
Kodak Retires Iconic Kodachrome Film
Eastman Kodak Co. announced this week that it was retiring its iconic Kodachrome film because of declining demand. Introduced in 1935, Kodachrome became the world's first commercially successful color film.
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| June 23, 2009
Deciphering the Shape of Economic Recovery
When economists discuss economic recovery, it's often in terms of the alphabet. In the latest installment of his Making Sen$e series, Paul Solman explains what phrases such as "V-shaped recovery" or "U-shaped recession" say about the economic outlook.
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| June 23, 2009
Other News: National Security Adviser Meets with Afghan Candidates
In other news, U.S. national security adviser James Jones met with candidates in Afghanistan's upcoming presidential election to press for a free and fair contest, and U.S. airstrikes in Pakistan reportedly killed nine people at a Taliban training camp.
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| June 23, 2009
What's the Relationship Between Inflation and Interest Rates?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 22, 2009
Generation Next: Young Grads Turn to Service Amid Tight Job Market
At community resource centers across the country, young people like Brian Marroquin, a recent graduate of VCU, are deferring their careers to focus on community service. Judy Woodruff examines the trend as part of the Generation Next series.
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| June 22, 2009
Other News: Violence in Iraq Kills 33
In other news, a series of attacks in and around Baghdad on Monday killed at least 33 people, and the commander of U.S. and NATO forces in Afghanistan is planning to announce new rules of engagement aimed at reducing the number of civilian casualities.
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| June 19, 2009
Shields and Brooks Mull U.S. Response to Iran
Columnists Mark Shields and David Brooks discuss the Obama administration's response to political turmoil in Iran and new plans to overhaul the financial regulation system.
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| June 19, 2009
Other News: 2 U.S. Soldiers Killed in Afghanistan
In other news, two U.S. soldiers were killed in Afghanistan on Friday after a bomb struck their convoy and billionaire Texas banker Allen Stanford was indicted on federal charges of fraud and obstruction.
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| June 19, 2009
Billionaire Stanford, Bank Officials Indicted in Massive Fraud Case
Texas billionaire R. Allen Stanford and several associates have been indicted on fraud and obstruction charges in what U.S. Justice Department officials say was a $7 billion pyramid scheme to defraud more than 5,000 investors over more than a decade.
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| June 19, 2009
Instead of Capping Pay, Could the Government Police Banks' Risk Models?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 18, 2009
Geithner Defends Plan for Regulatory Overhaul
In an interview with Jim Lehrer, Treasury Secretary Timothy Geithner details the administration's case for a sweeping overhaul of the financial regulation system and discusses the government's role in shaping an economic recovery.
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| June 18, 2009
Other News: Senate Passes $106 Billion War Funding Bill
In other news, the U.S. Senate approved a $106 war funding bill, and a Pakistani intelligence official said a U.S. drone attack killed 13 people at a Taliban encampment.
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| June 18, 2009
How Will the Regulatory Reforms Affect Consumers?
Paul Solman answers your questions on business and economic news on "The Business Desk."
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| June 17, 2009
Five Things to Know About the Financial Regulatory Overhaul Plan
The White House has proposed a sweeping overhaul of the way the government regulates financial markets. Amid the lengthy regulatory outline, here are five key points to consider in the administration's proposed plan.
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BUSINESS & ECONOMY
