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TOPIC   BUSINESS & ECONOMY

2009 DECEMBER
Dec. 31, 2009
Report
Economists Explain Why Hints of the Economic Crisis Eluded Them
Some of the nation's brightest economists failed to predict the foreclosure crisis and economic recession that followed. Paul Solman asks them why no one connected the dots in time to warn the public.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 31, 2009
Report
Other News: 5 Americans Face Possible Life Sentences in Pakistan
In other news, Pakistani police announced that five Americans will face terror charges for allegedly trying to train with a militant group linked to al-Qaida, and U.S. war deaths soared in Afghanistan in the past year.

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Dec. 31, 2009
Blog
Year in Review: Reporting on the Growing Ranks of the Unemployed
It's been an odd year for anyone who, like your correspondent, makes a living in and around economics.


Dec. 31, 2009
Update
Topic Archive of Making Sen$e with Paul Solman
A list of topics covered by Paul Solman's Making Sen$e page.


Dec. 30, 2009
Report
Other News: Afghan Suicide Attack Kills At Least 8 Americans
In other news, at least 8 Americans were killed by a suicide bombing in Afghanistan Wednesday, and hardline government supporters protested in Iran.

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Dec. 30, 2009
Blog
U.S. Steers $3.8 Billion in Additional Aid Toward GMAC
GMAC Financial Services has already received $12.5 billion in government aid. On Wednesday, the auto and home lending giant got another $3.8 billion.


Dec. 30, 2009
Blog
Wasn't WWII Debt Bigger than Obama's Stimulus Package?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 29, 2009
Report
Other News: Death Toll Grows in Pakistan Bombing
In other news, Pakistani authorities called for calm as the death toll from Monday's suicide bombing grew to 43, and an Afghan soldier reportedly shot and killed a U.S. soldier at a military base in western Afghanistan.

videoStreaming Video


Dec. 29, 2009
Blog
States Plow Through Snow-Removal Budgets
While it's been barely more than a week since the official start of winter, cash-strapped state and local governments have already plowed through all or most of their available snow-removal budgets, reports the Wall Street Journal.


Dec. 29, 2009
Blog
If Banks Aren't Lending, How Did They Make Recent Profits?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 28, 2009
Analysis
Looking Back at Wall Street's Behavior in 2009
Jeffrey Brown speaks with Andrew Ross Sorkin of The New York Times and John Cassidy of The New Yorker about the fallout from the financial crisis, the big bailouts and Wall Street's mentality.

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Dec. 28, 2009
Report
News Wrap: Yemen Vows to Step Up Hunt for al-Qaida
In other news, Yemen vowed Monday to step up its hunt for al-Qaida militants, and a suicide bomber killed at least 30 people in Pakistan.

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Dec. 28, 2009
Blog
How Did Banks, in Dire Straits Just Last Year, Pay Back TARP Money?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 25, 2009
Blog
Up Next on Capitol Hill: Financial Reform
With the end of the health care battle finally in sight , there is plenty of talk here in Washington among reporters, lawmakers and lobbyists about which bills and which tough battles Congress expects to take up in the year ahead -- particularly with a mid-term election on the way.


Dec. 25, 2009
Report
Billions in Pension Payments Loom for Struggling State Budgets
In a weak economy, many states, cities and towns may be facing billions of dollars in pension liabilities that are currently underfunded. Spencer Michels reports from California on that state's pension challenge.

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Dec. 25, 2009
Blog
Samuelson on Economics and Behavior
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 24, 2009
Blog
Samuelson on Whether Economics Is a Science
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 24, 2009
Update
Bah Humbug: The Case Against Holiday Presents
In his new book, "Scroogenomics: Why You Shouldn't Buy Presents for the Holidays," economist Joel Waldfogel argues that giving unwanted presents is not just bad for those who receive them, it's bad for the economy as well.


Dec. 23, 2009
Report
Hallelujah!: How Handel Orchestrated a Classic Financial Portfolio
When 18th century composer George Frideric Handel wrote his timeless "Messiah" oratorio, he not only penned a classic holiday composition, he also established a foundation for a new business approach to opera. Paul Solman reports.

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Dec. 23, 2009
Blog
Signs of Economic Recovery in Hard-Hit Elkhart, Ind.
Today's Wall Street Journal reports that in the heart of unemployment country, Elkhart, Indiana, things are looking up -- or, more accurately perhaps, "less down."


Dec. 23, 2009
Blog
Patchwork Nation: Some Good Economic News for the Holidays
The map above shows how counties compare in Patchwork Nation's Hardship Indexhi.


Dec. 23, 2009
Blog
Samuelson on Why You Should Study Economics
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 23, 2009
Blog
Wednesday's Headlines: Health Bill Marches Ahead; Personal Incomes Rise
Lawmakers continue to work toward passage of a bill to reform the nation's health care system with one more procedural hurdle slated for Wednesday, before a final vote now planned for Christmas Eve morning.


Dec. 22, 2009
Report
For Community Banks, Survival Can Often Trump Lending
President Obama met with community bank leaders at the White House on Tuesday and pressed them to boost lending. Yet in a year in which some 140 community banks have been forced to close, the focus among small lenders is often more about keeping afloat.

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Dec. 22, 2009
Update
Chicago Community Mourns Loss of Local Bank
On the West side of Chicago, the loss of a bank that invested widely in local neighborhoods is being mourned by residents, who question why a bank's commitment to community is not considered part of its bottom line.


Dec. 22, 2009
Blog
Tuesday's Headlines: Bankers Meet With Obama; Health Bill Inches Forward
President Barack Obama will meet Tuesday with representatives of a dozen small and community banks at the White House in a follow-up to a similar meeting he held last week with some of the nation's top bankers.


Dec. 21, 2009
Analysis
A Look at Climate Change After Copenhagen
In the aftermath of the Copenhagen climate summit, about the only thing certain is the need for more talks. Ray Suarez speaks with Jeffrey Brown about how the nonbinding agreement struck in Copenhagen will impact future negotiations.

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Dec. 21, 2009
Analysis
Stage Set for Christmas Eve Health Care Clash
With Senate Democrats on the cusp of passing the most sweeping overhaul of the nation's health care system in a generation, Democrat Sherrod Brown of Ohio and Republican Lindsey Graham of South Carolina speak with Gwen Ifill about the merits of the bill.

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Dec. 21, 2009
Report
Senate Inches Toward Historic Health Care Vote
With a 60-40 test vote early Monday morning to shut down a Republican filibuster, Senate Democrats moved closer to passing the broadest overhaul of the nation's health care system in a generation. Betty Ann Bowser reports.

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Dec. 21, 2009
Blog
What Will It Take to Jumpstart Job Creation?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 18, 2009
Analysis
Binding Pact, Congress Remain Major Climate Hurdles for Obama
Judy Woodruff asks two experts to weigh the outcome of the non-binding agreement reached Friday at the international climate summit in Copenhagen.

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Dec. 18, 2009
Report
Leaders Reach Climate Accord, but Skepticism Remains
Leaders from the U.S., China, India and South Africa have reached a "meaningful agreement" on combating global warming at the international climate summit in Copenhagen, but many officials say the deal fell short of expectations. Ray Suarez reports.

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Dec. 18, 2009
Blog
Will 'Avatar' Take-off at the Box Office?
Opening Friday nationwide is James Cameron's latest epic cinematic and technical feat.


Dec. 18, 2009
Blog
Samuelson on Worth
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 17, 2009
Report
Other News: Mullen Visits Front Lines in Afghanistan
In other news, Adm. Mike Mullen traveled to the front lines in Afghanistan on Thursday to urge tribal leaders to clean up corruption within their ranks, and U.S. drone strikes in Pakistan killed at least 17 people near the Afghan border.

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Dec. 17, 2009
Blog
The Year Ahead: What's the Economic Indicator to Watch?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 17, 2009
Blog
Debating the Legacy of John Maynard Keynes
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 17, 2009
Blog
Samuelson on Consumer Surplus
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 17, 2009
Update
Making Sen$e of 2010: Indicators to Watch
As the end of a tumultuous economic year approaches, the PBS NewsHour asked several economists and financial experts to look ahead to 2010 and answer one question: What is the economic indicator to watch and why?


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 16, 2009
Report
Keynes vs. Hayek: Late Economists' Hip-Hop Legacy
As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich Hayek.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 16, 2009
Analysis
Battle Lines Drawn Around 'Person of the Year'
Amid nationwide dissatisfaction with the economy, Time Magazine's "Person of the Year" Ben Bernanke faces some opposition in Congress as he looks to serve another term as Federal Reserve chairman. Kwame Holman reports, and then Jim Lehrer speaks with economic experts for perspective on Bernanke's performance.

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Dec. 16, 2009
Report
Other News: FTC Accuses Intel of Antitrust Violations
In other news, the Federal Trade Commission filed suit against Intel for allegedly trying to unfairly stifle competition, and the House voted to let the government borrow another $290 billion over six weeks.

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Dec. 16, 2009
Blog
Wealthier Counties Drove Off With More 'Clunkers' Cash
The government's $3 billion "cash for clunkers" program encouraged consumers this summer to trade in their gas-guzzling vehicles for more fuel-efficient ones.


Dec. 16, 2009
Blog
FTC Accuses Intel of Stifling Competition
The Federal Trade Commission sued Intel Wednesday, accusing the world's biggest chipmaker of using illegal tactics to stifle its competition.


Dec. 16, 2009
Blog
The Year Ahead: Conventional Wisdoms that Get It Wrong
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 16, 2009
Blog
Fed to Keep Interest Rates 'Exceptionally Low'
The Federal Reserve wrapped up its final policy meeting of the year on Wednesday, and, as expected, announced it would keep rates near zero "for an extended period.


Dec. 16, 2009
Update
Excerpts from 'Keynes: The Return of the Master'
Lord Robert Skidelsky has written a celebrated biography of economist John Maynard Keynes, which he recently discussed with economics correspondent Paul Solman in an interview. Listen to Skidelsky read a portion of an excerpt of the biography below.


Dec. 16, 2009
Blog
More Basics of Economics with Paul Samuelson
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 16, 2009
Update
Making Sen$e of 2010: Conventional Wisdoms That May Be Wrong
As the end of a tumultuous economic year approaches, the PBS NewsHour asked several economists and financial experts to look ahead to 2010 and answer one question: What is the economic conventional wisdom with which you most disagree?


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 15, 2009
Conversation
How Big is Too Big to Fail?
Paul Solman talks to economist George Schultz about the merging of large, national banks and how that could impact the idea that some companies are too big to fail.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 15, 2009
Blog
GM to Repay $6.7 Billion in Bailout Funds, CEO Says
General Motors plans to repay $6.7 billion in federal aid by the end of June, the company's new chief executive officer, Edward E. Whitacre Jr., told reporters Tuesday.


Dec. 15, 2009
Blog
The Year Ahead: Economic Surprises
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 15, 2009
Update
Making Sen$e of 2010: Economic Surprises in Store
As the end of a tumultuous economic year approaches, the PBS NewsHour asked several economists and financial experts to look ahead to 2010 and answer one question: What economic development would surprise you most?


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 15, 2009
Blog
The Basics of Economics with Paul Samuelson
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 14, 2009
Analysis
Late Economist Samuelson Bridged Math, Money
Paul Solman reflects on the life and work of economist Paul Samuelson, who died Sunday at the age of 94. He was the first American to win the Nobel Prize in economics.

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Dec. 14, 2009
Report
Other News: Iran to Prosecute American Hikers
In other news, Iran will prosecute three Americans who crossed the border from northern Iraq, and Taliban attacks killed at least 16 police throughout Afghanistan.

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Dec. 14, 2009
Analysis
Bailout Banks Continue March Toward Recovery
Judy Woodruff gets another reaction to the White House banker summit from Steve Bartlett of the Financial Services Roundtable, which lobbies for most of the banks represented in Monday's meeting with President Obama.

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Dec. 14, 2009
Report
Small Businesses Buckling Under Recession's Credit Freeze
Tom Bearden examines how small businesses' inability to get credit is playing out in Colorado.

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Dec. 14, 2009
Report
Obama: Banks Must Lend More to Help Economy
President Obama asked the leaders of top U.S. banks on Monday to assume a larger role in helping the economy to recover. Kwame Holman reports and then Judy Woodruff speaks with presidential senior adviser Valerie Jarrett for more details.

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Dec. 14, 2009
Update
Making Sen$e of 2010: The Next Crisis
With the end of a tumultuous economic year approaching, the PBS NewsHour asked several economists to look ahead to 2010 and answer one question: What other crises may be looming?


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 14, 2009
Blog
Credit Crunch Hits Small Businesses in Colorado
The credit crunch has reached crisis proportions for small businesses in Colorado. A longtime business consultant told NewsHour producer Terry Rubin and me that this is the worst business climate he's seen in more than thirty years.


Dec. 14, 2009
Update
Obama Prods Bankers to Do More to Revive U.S. Economy
In a White House meeting with the executives of the nation's largest banks, President Obama called on financial institutions to step up efforts to revive the U.S. economy after they received "extraordinary" financial assistance.


Dec. 14, 2009
Blog
The Year Ahead: The Next Crisis
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 14, 2009
Blog
Remembering Economist Paul Samuelson
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 14, 2009
Update
Citigroup to Repay $20B in TARP Funds
Citigroup announced Monday that it will repay $20 billion in taxpayer money, becoming the last of the major Wall Street banks to exit the government-funded bailout program.


Dec. 14, 2009
Blog
Monday's Headlines: Citi to Repay TARP; Obama Meets With Bankers
After weeks of trying to persuade regulators that it was sound enough to stand on its own, Citigroup announced early Monday that it has struck a deal with the Treasury Department to repay $20 billion of taxpayers' dollars it received under the Troubled Asset Relief Program.


Dec. 13, 2009
Blog
Remembering Economist Paul Samuelson
Read economics correspondent Paul Solman's reflections on Samuelson's life and work here on Making Sen$e.


Dec. 11, 2009
Report
Good Times Go On Holiday In Oregon Tourist Town
As part of the Patchwork Nation series examining communities across the U.S., Ray Suarez travels to picturesque Lincoln City, Oregon, where the recession has sapped the local tourism industry.

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Dec. 11, 2009
Newsmaker Interview
Pay Czar Feinberg Rolls Out Salary Caps on Wall Street Execs
The Obama administration's pay czar, Kenneth Feinberg, has set a $500,000 limit on executive compensation at bailed-out financial firms. In an interview with Judy Woodruff, Feinberg explains the pay cap.

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Dec. 11, 2009
Analysis
House OKs Sweeping Wall Street Overhaul
The House on Friday voted 223 to 202 in favor of the most far-reaching overhaul of financial regulation since the Great Depression in hopes of averting a repeat of last year's banking crisis. Kwame Holman reports.

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Dec. 11, 2009
Update
Patchwork Nation: Health Care System Buckles as Tourism Slows in Ore.
In Lincoln City, Ore., where the local economy remains heavily dependent on tourism, many jobs lack health insurance. And when jobs become scarce, even more find themselves struggling to find care.


Dec. 11, 2009
Blog
Ray Suarez Tests His Hand at Glassblowing in Lincoln City, Ore.
When the PBS NewsHour crew was in Lincoln City, Ore., as part of the Patchwork Nation project, senior correspondent Ray Suarez tested his hand at glassblowing.


Dec. 11, 2009
Blog
Financial Regulatory Overhaul Passes House
In a vote of 223-202, the House passed sweeping changes Friday afternoon to the way the financial system is regulated, with the creation of a new consumer watchdog agency, new authority for the Fed to police financial firms, and a new council to identify too-big-to-fail firms, as well as a process to break them apart.


Dec. 11, 2009
Blog
Feinberg Issues New Salary Caps for TARP Firms
New compensation rules issued Friday will cap 2009 pay at $500,000 cash for about 450 employees at four companies that have received government bailout funds.


Dec. 11, 2009
Blog
Friday's Headlines: House Is Close to Passing Financial Overhaul Bill
House leaders moved closer Thursday night to approving a sweeping overhaul of the country's financial regulatory system.


Dec. 11, 2009
Blog
Are Banks Slow-Rolling Foreclosures to Avoid Losses?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 11, 2009
Update
Patchwork Nation: Catching the Wind on Oregon's Central Coast
Lincoln City, Ore., known as the "Kite Capital of the World," hosts three kite festivals every year.


Dec. 10, 2009
Report
Economic Bust Strikes Colorado 'Boom Town'
As part of the Patchwork Nation series, Ray Suarez travels to Eagle, Colo., where the real estate boom of earlier this decade has culminated in an especially painful bust.

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Dec. 10, 2009
Report
Older Workers Face New Challenges in Tough Job Market
In his continuing series of reports on Making Sense of the economy, Paul Solman looks at the challenges older workers face trying to secure a job, let alone retirement, amid the downturn.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Dec. 10, 2009
Blog
Web-Exclusive Video: Is Retirement Good for You?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 10, 2009
Blog
Where Do Temp Workers Fit in the Latest Unemployment Figures?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 10, 2009
Update
Patchwork Nation: In One Boom Town, 'Simple Supper' Offers Community Relief
As the recession has dragged on in Eagle, Colo., a church dinner has provided relief to dozens of local residents hard hit by the economy's slide.


Dec. 9, 2009
Blog
UK Imposes One-Time, 50% Tax on Banker Bonuses
British bankers' bonuses will be a lot lighter this holiday season, thanks to a one-time, 50 percent tax imposed on bank bonuses, announced Wednesday by Britain's chancellor of the Exchequer, Alistair Darling.


Dec. 9, 2009
Report
Iowa Farmers Squeezed by Belt Tightening
In part three of his Patchwork Nation series, Ray Suarez travels to Sioux Center, Iowa, to look at how the recession has hit agricultural centers known as "tractor country."

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Dec. 9, 2009
Blog
Is There Momentum for a Second Stimulus?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 9, 2009
Update
Patchwork Nation: Sioux Center Rallies Around High School Football
On Fridays in Sioux Center, Iowa, the high school football game is the place to be, and the competition is about more than just moving the ball down the field.


Dec. 9, 2009
Update
Patchwork Nation: A Different View on Banking in 'Tractor Country'
Farmers in Sioux Center managed to avert much of the financial crisis by keeping a close eye on their balance sheets.


Dec. 8, 2009
Report
In Ann Arbor, Michigan Finds Its 'Life Preserver'
Michigan is home to few bright economic spots these days -- with the exception of the college town of Ann Arbor. Ray Suarez reports.

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Dec. 8, 2009
Analysis
Obama Offers Job Plan, But Deficit Pressures Rise
President Obama outlined a series of initiatives Tuesday aimed at spurring job growth through aid for small businesses, despite mounting pressures to reduce a record federal budget deficit. Judy Woodruff speaks with Nobel laureate Paul Krugman and former presidential economic adviser Bruce Bartlett for their takes on the plan.

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Dec. 8, 2009
Update
Patchwork Nation: Small Business Maintains Local Roots in Ann Arbor
Zingerman's Community of Businesses have become a local institution in Ann Arbor, Mich. And even with the success, the owners want to keep it local.


Dec. 8, 2009
Update
Patchwork Nation: Media Landscape Shifts Online in a Wired Town
If there is a community well positioned for the demise of a true local daily, it may be the heavily wired, tech-savvy college town of Ann Arbor, Mich.


Dec. 7, 2009
Report
Philadelphia Adjusts as Manufacturing Fades
In part one of the Patchwork Nation series examining communities across the U.S., Ray Suarez looks at Philadelphia's shift from a city of skilled blue-collar workers to one where just 1 in 20 workers makes things for a living.

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Dec. 7, 2009
Report
Other News: Fresh Protests Erupt in Iranian Cities
In other news, thousands of anti-government protesters clashed with security forces in Iran, and in Somalia, hundreds of students also marched on the capital against the influence there of Islamic militants.


Dec. 7, 2009
Blog
Are Credit Unions Insured by the Government?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 7, 2009
Update
Philadelphia's 'Love Letter' Murals Spark Neighborhood Revival
Originally started to combat a major graffiti problem, Philadelphia's Mural Arts program has become a successful tool for urban renewal.


Dec. 4, 2009
Analysis
Job Loss Slows in Nov., Signaling Some Recovery
Employers cut the fewest number of jobs in November since the recession started in 2007. Judy Woodruff talks to experts about the unexpected good news and what this could mean for the country's economic future.

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Dec. 4, 2009
Blog
The Story Behind the Nov. Jobs Numbers
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 4, 2009
Update
For Singles, Job Losses Hit Twice as Hard
When it comes to job losses, the economy's slide has been twice as painful for singles as it has for married adults.


Dec. 4, 2009
Update
Topics
Making Sen$e with Paul Solman:


Dec. 4, 2009
Update
About Making Sen$e with Paul Solman
Making Sen$e with Paul Solman is funded by a grant from the Alfred P. Sloan Foundation.


Dec. 4, 2009
Update
Tool$ We Use
A series of calculators and tools that I or others on the Making Sen$e team have used to visualize--and make--economic decisions. If you've found one you like, PLEASE let us know. In terms of simplicity and authority, these are our current favorites.


Dec. 3, 2009
Analysis
Comcast, NBC Deal Reshapes Media Landscape
Cable giant Comcast bought a majority stake in NBC Universal in a deal valued at approximately $30 billion. Jeffrey Browns talks to business journalists for more on the merger.

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Dec. 3, 2009
Report
Other News: Bernanke Defends Tenure as Fed Chief
In other news, Ben Bernanke defended his tenure as Federal Reserve chairman before Congress on Thursday, and House Speaker Nancy Pelosi suggested using money left over from the Wall Street bailout to create more jobs.

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Dec. 3, 2009
Blog
Who Cares If Wall Street Execs Quit?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 3, 2009
Blog
Thursday's Headlines: Afghanistan Hearings, Bernanke on the Hill
On an unusually warm December day in Washington this Thursday, top administration officials are gearing up for another day of hearings on President Obama's decision to send an extra 30,000 troops to Afghanistan.


Dec. 3, 2009
Update
Tough Criticism for Bernanke
Federal Reserve Chairman Ben Bernanke faced tough criticism Thursday from a Senate committee for the central bank's failure to regulate risk-taking on Wall Street.


Dec. 3, 2009
Blog
A Closer Look at Our Patchwork Nation
An old Bob Marley song includes the lyric, "Remember that when the rain falls, it don't fall on one man's house." The worst recession since the Great Depression has hit millions of Americans in expected and unexpected ways. The pain is widespread, but not evenly spread.


Dec. 3, 2009
Update
Obama Hears Ideas for Job Creation at Summit
As CEOs, labor leaders, and economists gather at the White House Thursday to discuss how to accelerate U.S. job creation, their challenge is tackling double-digit unemployment while keeping the deficit under control.


Dec. 2, 2009
Report
Other News: Iraqi Election Postponed One Month
In other news, the United Nations reported that Iraq will delay its national elections by one more month, and China, India, Brazil and South Africa refused to cut carbon emissions by 2050.

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Dec. 2, 2009
Blog
How Many Board Members at Bailed-Out Wall St. Firms Kept Their Jobs?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Dec. 1, 2009
Update
General Motors CEO Fritz Henderson Resigns
The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker.


Dec. 1, 2009
Blog
Isn't Currency Control a Protectionist Policy?
Paul Solman answers your questions on business and economic news on "The Business Desk."

NOVEMBER
Nov. 30, 2009
Blog
Is the UK Breaking Up Big Banks?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 30, 2009
Blog
Ask Paul a Question
Paul Solman answers questions on business and economic news on "The Business Desk."


Nov. 27, 2009
Report
'Black Friday' Has New Tone Amid Recession
Kwame Holman has a look at how consumers are changing their shopping habits during this year's Black Friday because of the financial crisis.

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Nov. 27, 2009
Analysis
How Will Dubai's Shaky Economy Affect the World?
Margaret Warner talks to economic expert Simon Johnson about how Dubai's weak economy will affect the rest of the world.

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Nov. 27, 2009
Update
Dubai's Debt Crisis Shakes World Economy
The Middle East is roiling with news that Dubai will postpone repaying $60 billion in loans to international banks. Faisal Islam of Independent Television News has the story.

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Nov. 26, 2009
Report
Other News: U.S. Planned Iraq War Just Hours After 9/11
In other news, a U.K. inquiry revealed that the U.S. focused on Iraq just hours after the Sept. 11 attacks, and the United Nations expressed frustration with Iran over its refusal to export its uranium for enrichment.

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Nov. 26, 2009
Blog
Student Questions: The Recession and the Middle Class
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 25, 2009
Analysis
Toyota Recalls 4 Million Gas Pedals Over Concerns of Uncontrolled Acceleration
Toyota recalled four million cars to fix or replace acceleration pedals that could get jammed. Jeffrey Brown reports.

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Nov. 25, 2009
Analysis
Dollar's Weakness Inspires Modern-day Gold Rush
As part of his series Making Sense of the financial crisis, Paul Solman looks at how the dollar's weakness has spurred a new gold rush.

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Nov. 25, 2009
Report
Other News: Recession Complicates Holiday Travel for Many
In other news, airlines are experiencing a 25 percent decrease in holiday travel this year as more people are opting for trains and buses. Also, weekly jobless claims dipped below 500,000 for the first time since January.

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Nov. 25, 2009
Blog
Conversation: T.J. Stiles, National Book Award Winner for Nonfiction
The winner of this year's National Book Award for nonfiction tells the story of Cornelius "Commodore" Vanderbilt, who rose from humble means to amass a vast fortune, build the country's largest fleet of steamships and control a railroad empire.

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Nov. 25, 2009
Update
Jobs Claims Down, Hopeful Economic News on America's Heaviest Travel Day
The number of people seeking unemployment insurance for the first time fell to its lowest point since September 2008, the Labor Department reported Wednesday.


Nov. 25, 2009
Blog
Student Questions: A Global Currency and Getting Out of a Recession
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 24, 2009
Analysis
Record Crib Recall Revives Consumer Safety Concerns
Over 2 million Stork Craft baby cribs have been voluntarily recalled due to safety concerns such as potential suffocation. Ray Suarez has more.

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Nov. 24, 2009
Report
Military Debt Protection Could Hold Lessons for Congress, Consumers
A special collaboration between the NewsHour and Frontline looks at how a military program aims to protect consumers from amassing too much debt.

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Nov. 24, 2009
Report
Other News: U.K. Launches Inquiry Into Role in Iraq
In other news, International Television News reports on the inquiry into the United Kingdom's role in the Iraq war, and the Philippines were placed under emergency rule after election violence continued to escalate Tuesday.

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Nov. 24, 2009
Update
Report: 23% of Mortgaged Homes 'Underwater'
The number of U.S. homes worth less than the mortgages owed on them reached 10.7 million, or 23 percent of all mortgaged homes, in the third quarter, according to a new report.


Nov. 24, 2009
Blog
Student Questions: Obama's Economic Policies
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 23, 2009
Report
In Dorothea Lange's Photos, Wisps of 'Great Recession'
America's understanding of the Great Depression has, in large part, been shaped by the photography of Dorothea Lange. With the nation once again steeped in financial turmoil, Lange's images have taken on new relevance. Jeffrey Brown reports.

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Nov. 23, 2009
Report
India's Economy Remains Robust Despite Global Downturn
Amid a global economic crisis, India's economy has managed to remain robust, fueling the growth of a large middle class. As Fred de Sam Lazaro reports, however, about 800 million residents in India still try to survive on less than $2 a day.

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Nov. 23, 2009
Analysis
Across the U.S., Shaky Signs of Economic Recovery Emerge
A flurry of economic reports lately paint a mixed picture of a U.S. economy showing new growth, despite mounting job losses. Ray Suarez speaks to experts for a snapshot of just how well the recovery is faring.

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Nov. 23, 2009
Blog
Exactly Who Is the FDIC?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 20, 2009
Blog
Should the Gov't Anchor Its Economic Rescue to the Middle-Class Homeowner?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 19, 2009
Blog
Who Regulates the Student Loan Industry?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 19, 2009
Analysis
Complex U.S.-China Ties Took Center Stage on Obama's Asia Trip
President Obama concluded a four-nation Asian tour Thursday that marked a potential turning point in relations between the U.S. and an increasingly influential China. A panel of Asia experts discusses the trip's high points and low points with Jeffrey Brown.

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Nov. 19, 2009
Report
News Wrap: House Rejects Cuts to Medicare Payments
In other news, the House voted to spare doctors from a 20 percent cut in their Medicare payments, and Hamid Karzai was sworn in for a second term as president of Afghanistan.

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Nov. 18, 2009
Report
Other News: Senate Health Bill Estimated at $849B
In other news, Senate Democrats learned that the Congressional Budget Office estimated that their health reform bill would cost $849 billion over a decade and insure another 31 million Americans.

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Nov. 18, 2009
Blog
Did Tax Cuts Create U.S. Jobs?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 17, 2009
Analysis
More Americans Facing Hunger, Report Finds
A new report found that almost 15 percent of U.S. households had trouble finding enough food in 2008. Jeffrey Brown speaks with experts for more.

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Nov. 17, 2009
Blog
What's the 'Next New Thing' to Solve the Jobs Crisis?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 17, 2009
Update
Obama Unveils Financial Fraud Task Force
President Obama issued an executive order Tuesday establishing a multi-agency task force to crack down on financial fraud.


Nov. 17, 2009
Update
TARP Watchdog: N.Y. Fed 'Severely Limited' Savings on AIG
The Federal Reserve Bank of New York ceded much of its negotiating power to AIG's trading partners during the insurance giant's rescue last year, according to a new report from the watchdog for the Troubled Asset Relief Fund.


Nov. 17, 2009
Update
Obama Cites Human Rights, Currency in China
Talks between President Barack Obama and Chinese President Hu Jintao yielded pledges to cooperate on climate change and the economy, but little by way of human rights and upping the value of the yuan currency.


Nov. 16, 2009
Report
Canadian Oil Sands Produce Economic Benefits, Environmental Costs
Elizabeth Brackett of WTTW-Chicago looks at the economic benefits and the environmental costs of oil production in Canada's Alberta province.

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Nov. 16, 2009
Update
GM to Repay Government Loans Early, Cites Profit Progress
Despite reporting more than a billion-dollar loss since July, General Motors says it expects to pay the federal government's bailout money back five years early. Gwen Ifill speaks with David Shepardson of the Detroit News for more.

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Nov. 16, 2009
Analysis
U.S., China Explore Deeper Ties as Partners, Contenders
Jim Lehrer speaks with a panel of China experts about the political and economic implications of U.S.-China relations.

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Nov. 16, 2009
Update
GM to Repay Government Loans Early
General Motors announced Monday that it will begin repaying $6.7 billion in government loans before the end of the year and could pay back the full amount as early as next year, five years ahead of schedule.


Nov. 16, 2009
Blog
Why Didn't the Gov't Bail Out People Instead of Banks?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 13, 2009
Analysis
FDIC's Bair: Bank Bailouts Were 'Not a Good Idea'
In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Nov. 13, 2009
Blog
Seven Questions for Sheila Bair
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 13, 2009
Update
Madoff's 'Prisoner Watch' Among Items Set for Auction Block
A trove of Bernard Madoff's belongings seized by U.S. Marshals from the Ponzi schemer's Manhattan penthouse and New York beach home are to set to go on sale Saturday in a government-run auction for victims of his fraud.


Nov. 13, 2009
Update
FDIC's Bair on 'Too Big to Fail,' Lessons Learned
Tonight on the NewsHour, FDIC Director Sheila Bair weighs in on the state of the U.S. banking system. In a Web-exclusive excerpt, Bair speaks bluntly about the need to break up banks that are deemed "too big to fail."


Nov. 12, 2009
Analysis
The Overload Factor: Is President Obama Too Busy?
As President Obama departs for Asia, he leaves a full menu of unfinished business at home: two wars to manage, a struggling economy and his push for health care reform, to name a few. Jim Lehrer speaks to a panel of experts about the so-called "overload factor" for presidents.

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Nov. 12, 2009
Report
News Wrap: Falling Oil Prices Pull Markets Down
In other news, falling oil prices drove down U.S. stocks markets, and the Federal Reserve issued a new rule preventing banks from charging overdraft fees on ATM and debit-card withdrawals.

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Nov. 12, 2009
Update
Home Foreclosures, New Jobless Claims Decline
Foreclosure numbers dropped for the third straight month in October, and new claims for unemployment benefits dropped more than expected last week, according to figures released Thursday.


Nov. 11, 2009
Analysis
States' Budget Woes Threaten Broad Economic Recovery
With the national economy beginning to see glimmers of a comeback, the budget woes of at least 10 states threaten to derail a broad economic recovery. Gwen Ifill reports.

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Nov. 11, 2009
Analysis
Fed's Regulatory Powers Challenged Under Senate Plan
More than a year after the economic crisis hit, legislators continue to work on how to reform financial regulation and stave off a future crisis. The latest proposal comes from Sen. Chris Dodd of the Senate finance committee. Financial experts review the plan.

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Nov. 11, 2009
Blog
Ask the FDIC's Sheila Bair Your Questions
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 11, 2009
Blog
Student Questions: Measuring the Economy
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 10, 2009
Conversation
Counting the Costs of Health Care Reform
Can health care reform change the system and cut costs? Judy Woodruff gets one take from Gail Wilensky, a former administrator of the federal Medicare program.

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Nov. 10, 2009
Newsmaker Interview
Premiums 'Will Go Down' Under Health Bill, Orszag Says
In an interview with Judy Woodruff, Peter Orszag, director of the White House's Office of Management and Budget, outlines how health care reform will reduce medical costs.

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Nov. 10, 2009
Report
News Wrap: White House Disputes Reports of Afghan Troop Surge
In other news, White House officials insisted President Obama has not decided how many more troops to send to Afghanistan, and a suicide car bombing in Pakistan killed at least 24 people.

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Nov. 10, 2009
Update
Competing Senate, House Financial Reform Bills Differ Over Fed's Role
Senate Banking Committee Chairman Chris Dodd, D-Conn., unveiled legislation Tuesday that would dramatically reform how U.S. banks are regulated. The bill differs from legislation moving through the House of Representatives on several key issues.


Nov. 10, 2009
Blog
How Will the Downturn Affect the Gambling Economy?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 9, 2009
Report
News Wrap: G-20 Stimulus Pledge Boosts Markets
In other news, the Dow Jones industrial average closed at a 13-month high after G-20 nations pledged to continue stimulus efforts, and Iraq set a date for national elections.

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Nov. 9, 2009
Blog
Student Questions: Is the Recession Over?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 6, 2009
Analysis
Shields, Brooks Examine GOP's 'Morale Boost'
Columnists Mark Shields and David Brooks sort through the week's news, including impending health care legislation and a worsening job market.

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Nov. 6, 2009
Report
Freelancers Struggle As Unemployment Worsens in U.S.
As part of his Making Sen$e series on the financial crisis, Paul Solman looks at how freelancers are faring in the declining job market.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Nov. 6, 2009
Analysis
Unemployment Hits 26-Year High Despite Economic Growth
The U.S. Labor Department announced that unemployment jumped to over 10 percent on Friday, the highest it's been since 1983. Jeffrey Brown talks to an economist for more.

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Nov. 6, 2009
Blog
Freelancers Lack Safety Net When Jobs Are Scarce
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 6, 2009
Update
U.S. Jobless Rate Hits 10.2%, Highest in 26 Years
U.S. unemployment rose more than expected to a 26-year high of 10.2 percent, shedding 190,000 jobs in October, according to figures released by the Department of Labor Friday.


Nov. 5, 2009
Update
Hedge Fund World Rocked by Insider-trading Charges
Judy Woodruff speaks with a Financial Times reporter about 14 people facing insider-trading charges for allegedly netting $20 million in illegal profits.

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Nov. 5, 2009
Analysis
Obama Expected to Sign Extended Unemployment Benefits, Homebuyer Credit
The House voted overwhelmingly Thursday to extend aid to jobless workers and offer tax breaks to homebuyers. President Obama was expected to sign the measure on Friday. Ray Suarez reports.

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Nov. 5, 2009
Report
Other News: Stocks Rally on Falling Jobless Claims
In other news, falling weekly jobless claims contributed to a Wall Street rally, and there are new warning signs that the U.S. might be facing a shortage of the seasonal flu vaccine.

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Nov. 5, 2009
Blog
Reinhart and Rogoff Answer Questions on the History of Financial Crises
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 5, 2009
Update
Aid for Jobless, Homebuyers Clears Congress
Congress has passed legislation that would expand a popular homebuyer's tax credit and extend unemployment benefits in a bid to breathe more life into the struggling American economy.


Nov. 5, 2009
Blog
Student Questions: The Unemployment Outlook
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 4, 2009
Blog
Student Questions: Health Care and Education
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 4, 2009
Blog
Christie's Art Sale Underwhelms Buyers
In the first autumn auction held Tuesday evening at Christie's in New York, total sales fell short of pre-sale estimates -- only $65.6 million instead of $68.6 to $97.1 million -- making for a slow start to the U.S. art market season.


Nov. 4, 2009
Update
GM Reversal on Opel Deal Rankles German Officials
In a surprise reversal that has left politicians across Germany fuming, General Motors' board has voted to abandon a deal to sell its European operations to car-parts supplier Magna International Inc. and Russian bank Sberbank.


Nov. 3, 2009
Report
Stimulus Money Trickling Into the Classroom
John Tulenko of Learning Matters Television explores how stimulus money is making its way into classrooms in upstate New York.

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Nov. 3, 2009
Update
Madoff Accountant Pleads Guilty in Federal Court
The consequences of Bernard Madoff's Ponzi scheme continue to trickle down as his accountant pleaded guilty to criminal charges. Judy Woodruff reports.

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Nov. 3, 2009
Analysis
Auto Industry on the Road to Recovery?
The auto industry signaled recovery after GM reported a sales gain and Ford announced an unexpected profit. Jeffrey Brown reports.

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Nov. 3, 2009
Report
Other News: Gubernatorial Contests Held in Key States
In other news, the Taliban denied that the Pakistani army has made gains against militants, and ballots starting rolling in as the key states of Virginia and New Jersey voted for governors.

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Nov. 2, 2009
Analysis
Kindle, Price War Changing the Way We Read
Jeffrey Brown explores the shifting world of book publishing, and examines how technology and readers are changing the industry.

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Nov. 2, 2009
Analysis
Taxpayers' $2.3 Billion 'Gone' in CIT Bankruptcy
The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat.

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Nov. 2, 2009
Report
Arrogance, Ignorance Recurring in Economic History
Paul Solman speaks with economists Carmen Reinhart and Ken Rogoff about the financial crisis and how it compares to previous economic meltdowns.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Nov. 2, 2009
Report
Other News: Bomb Kills 35 as Pakistan Violence Continues
In other news, a suicide bombing in Pakistan killed 35 people, and Secretary of State Clinton was criticized by Arab states for her talks with Israel.

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Nov. 2, 2009
Update
CIT Bankruptcy Produces Winners and Losers
CIT, a major lender to small U.S. businesses, filed on Sunday for one of the largest Chapter 11 bankruptcy protections in history.


Nov. 2, 2009
Blog
Ask Rogoff and Reinhart Questions About the History of Financial Failures
Paul Solman answers your questions on business and economic news on "The Business Desk."


Nov. 2, 2009
Update
Ford Posts Surprise Profit, Expects Profit in 2011
Ford Motor Co., the only U.S. automaker to avoid bankruptcy this year, posted a surprise $997 million profit in the third quarter and said it expects 2011 to be "solidly profitable." The report sent Ford's shares up 8.3 percent in premarket trading.

OCTOBER
Oct. 30, 2009
Analysis
Shields and Brooks on 'New Candor' with Pakistan, Biden's Poll Numbers
Columnists Mark Shields and David Brooks discuss the top stories of the past week, including Hillary Clinton's visit to Pakistan, Vice President Joe Biden's poll numbers, and upcoming elections in New Jersey and Virginia.

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Oct. 30, 2009
Analysis
With Jobs Still Elusive, White House Defends Stimulus
President Obama's $787 billion stimulus package has saved or created about 650,000 jobs, the White House said Friday. But with unemployment at a 26-year high, the administration is facing increased criticism about ongoing weakness in the labor market.

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Oct. 30, 2009
Report
News Wrap: Stocks Slide on Weak Consumer Spending
In other news, stocks dropped on Friday on news of weak consumer spending, and the White House said it was unhappy with the output of swine flu vaccine.

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Oct. 30, 2009
Update
Stimulus Created, Saved 650,000 Jobs, White House Says
More than 650,000 jobs have been created or saved by the government's fiscal stimulus program, the White House said Friday.


Oct. 29, 2009
Analysis
Economy Shows New Signs of Growth, but Jobs Still Lag
The U.S. economy ended a year of contraction in the third quarter, expanding by 3.5 percent. While much of the growth is being attributed to President Obama's $787 billion stimulus plan, critics continue to ask, when will jobs return?

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Oct. 29, 2009
Blog
In Case You Missed It: AFL-CIO's Trumka Faces Dwindling Ranks
Paul recently sat down with newly elected AFL-CIO President Richard Trumka to discuss how Trumka plans to lead organized labor through a series of current challenges - from health care reform to the excesses of big business - all while facing dwindling ranks and diminished public support. Don't miss it.


Oct. 29, 2009
Update
U.S. Economy Rebounds 3.5% in Third Quarter
The U.S. economy expanded at a 3.5 percent annual pace from July to September, according to Commerce Department figures released Thursday, in a signal that the worst recession since the 1930s may be easing.


Oct. 28, 2009
Analysis
Crackdown Targets Banks Deemed 'Too Big to Fail'
The head of a key House committee unveiled legislation Wednesday that would grant the federal government sweeping new powers to police giant financial firms. Jim Lehrer talks to two financial analysts about the debate over "too big to fail" institutions.

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Oct. 28, 2009
Report
Other News: Obama Expands Hate Crimes Law
In other news, President Obama signed an expansion of the federal hate crimes law, and new home sales fell unexpectedly by 3.6 percent in September.

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Oct. 28, 2009
Update
Reports: GMAC in Talks to Receive Third Bailout from Government
GMAC, the consumer finance company and onetime subsidiary of GM, is reportedly in talks with Treasury to receive a fresh lifeline of up to $5.6 billion in aid, on top of the $12.5 billion the government has already injected into the company.


Oct. 28, 2009
Blog
How Will the Fannie and Freddie Takeovers Affect U.S. Debt?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 28, 2009
Update
Bill: Biggest Firms Would Fund Future Rescues
The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday.


Oct. 27, 2009
Report
Labor's 'Bulldog' Trumka Challenged by Dwindling Ranks, Public Perception
As AFL-CIO president Richard Trumka works to protect organized labor from the excesses of big business, he faces dwindling ranks, splits among union groups, and diminished public support. Paul Solman reports.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 27, 2009
Report
'Neglected Infections' Resurface Among America's Poor
In poor rural areas, inner cities, and among Latin American immigrants, exotic diseases classified by the CDC as "neglected infections" are now affecting millions of people. As Jeffrey Kaye reports, the rarer the illness, the harder it is to find treatment.

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FUNDED IN PART BY: The Bill & Melinda Gates Foundation


Oct. 27, 2009
Blog
Inside the AFL-CIO's Health Care Lobbying Efforts
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 27, 2009
Update
Paul Solman Answers Students' Economic Questions
Economics correspondent Paul Solman takes his Business Desk blog inside classrooms across the United States to respond to high school students' most pressing questions about Wall Street, the recession and unemployment.


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 26, 2009
Blog
Why Doesn't the Govt. Sponsor Jobs Programs Like Those During the Depression?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 23, 2009
Analysis
Shields, Brooks: Obama Risks Looking Petty in Fox Fight
Columnists David Brooks and Mark Shields review the week's news, including the coming Afghan runoff and the war of words between the White House and Fox News.

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Oct. 23, 2009
Insider Forum
Credit.com's Levin Makes Sense of New Credit Card Rules
Dramatically hiked interest rates, new hidden fees, slashed credit lines -- many consumers have felt their credit cards go from convenience to liability over the past year. But new reforms are forcing credit card companies to change the way they do business. Paul Solman speaks with Credit.com's Adam Levin for insight.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 23, 2009
Blog
What Can We Do About "Too Big to Fail?"
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 22, 2009
Report
Stimulus Money Plows Through Tractor Country
Ray Suarez speaks with Dante Chinni of the Patchwork Nation project about tracking federal stimulus money as it is dispersed through America.

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Oct. 22, 2009
Report
Other News: House OKs Consumer Protection Agency
In other news, the House voted Thursday to establish a new consumer protection agency, and federal agents carried out a massive 19-state drug bust.

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Oct. 22, 2009
Report
Feinberg Hopes More Companies Adopt Executive Pay Rules
The Federal Reserve curbed pay packages for executives of companies that received bailout money in an effort to discourage risky business practices. Jeffrey Brown speaks with executive pay czar Kenneth Feinberg.

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Oct. 22, 2009
Update
Pay Slashed for Bailed-out Firms' Executives
The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees.


Oct. 22, 2009
Forum
Examining a 'Patchwork Nation'
Patchwork Nation project director Dante Chinni answers your questions about how funds from President Barack Obama's economic stimulus package are making their way across the country and about the Patchwork Nation reporting project itself.


Oct. 22, 2009
Blog
Which Is Better for the Economy: Spreading Money Around or Spending It in One Place?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 21, 2009
Analysis
Report Explores New Models for Journalism
Jeffrey Brown talks to Nick Lemann of Columbia Journalism School and former Washington Post editor Leonard Downie Jr. about journalism's future.

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Oct. 21, 2009
Conversation
Former Car Czar Rattner: No Reason GM Can't Succeed
"People will start buying cars again," former car czar Steve Rattner tells Judy Woodruff. He also discusses ousting GM's CEO and how the auto industry will evolve.

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Oct. 21, 2009
Report
Barofsky: TARP Program Fueled Public Distrust
The biggest cost of the TARP program might be the public's distrust of the government, according to inspector general Neil Barofsky. Ray Suarez reports.

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Oct. 21, 2009
Update
Obama: Small Businesses to Be Offered TARP Help
President Barack Obama unveiled plans Wednesday to shift government bailout efforts from Wall Street's banks to Main Street's small businesses by increasing lending and access to credit.


Oct. 21, 2009
Insider Forum
Author Katz: Tough to Say When Foreclosures Will Crest
Journalist Alyssa Katz has written a sweeping history of home ownership in America, "Our Lot: How Real Estate Came to Own Us." In a discussion with economics correspondent Paul Solman, Katz answered viewer questions on the roots of the foreclosure crisis and the outlook for the future.


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 21, 2009
Blog
What's the Difference Between a Recession and a Depression?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 21, 2009
Update
Stimulus Bill Data Offer Glimpse of Effectiveness
Americans and government watchdogs are getting their first glimpse at the results of the massive economic stimulus package heralded by President Barack Obama soon after taking office.


Oct. 20, 2009
Report
Other News: Obama Renews Vow to Withdraw From Iraq
In other news, President Obama vowed to withdraw all U.S. troops from Iraq by next October, and an Iranian-American was sentenced Tuesday to 12 years in an Iranian jail for participating in demonstrations against the nation's government.

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Oct. 20, 2009
Blog
How Can the Economy Be Growing While Unemployment Is Rising?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 19, 2009
Blog
Retraining Workers Sounds Great. But For What Jobs?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 19, 2009
Update
Arrests, Scrutiny Put Hedge Fund Sector on Edge
The arrests of a prominent Wall Street hedge fund founder and five others on Friday have unsettled the hedge fund world and could spur calls for new rules governing the largely unregulated financial sector.


Oct. 16, 2009
Analysis
Bank Earnings Reveal Mixed Recovery on Wall Street
Third-quarter earnings revealed a mixed picture on Wall Street as Goldman Sachs and J.P. Morgan Chase posted healthy profits, while Bank of America continued to struggle under the weight of rising credit card delinquencies and mortgage defaults.

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Oct. 16, 2009
Analysis
News Wrap: Police Station Bombing Kills 13 in Pakistan
In other news, a suicide bombing at a police station in Pakistan has killed at least 13 people, and in Iraq a bomber opened fire on a mosque in Tal Afar.

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Oct. 16, 2009
Update
Loan Losses Drive Down Bank of America Earnings
Bank of America reported Friday that it lost more than $2.2 billion in the third quarter, largely due to loan defaults and credit card delinquencies.


Oct. 15, 2009
Analysis
IRS Ends Amnesty for Use of Overseas Tax Havens
In an interview with Jeffrey Brown, IRS Commissioner Doug Shulman discusses the agency's efforts to close overseas tax shelters.

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Oct. 15, 2009
Report
Making Sense of the Foreclosure Crisis
In the latest in a series of reports making sense of the economy, NewsHour economics correspondent Paul Solman examines the ongoing foreclosure crisis.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 15, 2009
Analysis
News Wrap: Dozens Killed in Attacks Across Pakistan
In other news, at least 39 people were killed in a wave of attacks across Pakistan on Thursday, and the Social Security Administration announced it will not enact a cost of living increase in benefits next year.

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Oct. 15, 2009
Blog
Are the Latest Foreclosure Numbers Good News or Bad News?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 15, 2009
Blog
Ask Alyssa Katz, Author of 'Our Lot', About Foreclosures and the Housing Crisis
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 15, 2009
Blog
Inner Workings at the NewsHour, or The Tale of a Keynes Rap Video
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 14, 2009
Analysis
Cash Strapped California Towns Eye Tax Hikes for Medical Marijuana
With budget woes causing cuts to essential services across California, several communities in the state are weighing whether to raise additional revenue through tax hikes on medical marijuana. Spencer Michels reports.

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Oct. 14, 2009
Debate
Wall Street Set for Record Payouts a Year After Crash
Despite heightened scrutiny from both the public and regulators in the wake of the AIG bonus scandal, compensation on Wall Street is set for a record year in 2009. Jeffrey Brown reports.

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Oct. 14, 2009
Analysis
Dow Closes Above 10,000 for First Time in a Year
The Dow Jones industrial average closed Wednesday above 10,000 for the first time since Oct. 3, 2008. Ray Suarez speaks with a Washington Post reporter about the significance.

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Oct. 14, 2009
Blog
Can We Identify Bills that Led to Deregulation Over the Past 30 Years?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 14, 2009
Update
Retail Sales Up, but Auto Sales Sag Without 'Clunkers'
Retail sales for September fell by the largest amount this year, though most of the drop is attributed to cars sales plummeting at the end of the government's popular 'cash for clunkers' program.


Oct. 13, 2009
Analysis
Emanuel: Cost, Competition Central to Health Reform
In an interview, White House Chief of Staff Rahm Emanuel discusses the Senate Finance Committee's passage of a health reform bill, the future for the public option and more.

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Oct. 13, 2009
Blog
What Is a Jobless Recovery?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 12, 2009
Analysis
San Francisco Ramps Up Care for City's Uninsured
While the U.S. has struggled with an imperfect health care system, San Francisco has launched its own initiative to extend coverage to the more than 60,000 adult residents in the city without insurance. Spencer Michels reports.

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FUNDED IN PART BY: Robert Wood Johnson


Oct. 12, 2009
Analysis
Health Reform Carries Heavy Price, Insurers Claim
A new report paid for by the insurance industry has concluded that health care reform would increase the costs of coverage faster and higher than under the current system.

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Oct. 12, 2009
Report
News Wrap: Afghan Official Leaves Election Commission
In other news, an Afghan official resigned from a commission charged with determining whether fraud occurred in the nation's presidential election, and Secretary of State Hillary Clinton said the world will not be deterred by new missile testing in North Korea.

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Oct. 12, 2009
Blog
Battle of the Stand-Up Economists
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 9, 2009
Blog
Why Is the Price of Gold So High?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 8, 2009
Analysis
Tracking Tainted Food a Near Impossibility in U.S.
Lee Hochberg reports on the difficulty in tracking the source of tainted foods and the complicated trail from production to sale.

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Oct. 8, 2009
Report
News Wrap: House OKs Hate Crime Protections for Gays, Lesbians
In other news, the House voted to include homosexuals in federal hate crime laws, and first-time claims for unemployment fell more than expected last week.

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Oct. 8, 2009
Update
Senate Committee Set for Health Reform Vote
The Senate Finance Committee will vote Tuesday on a sweeping revamp of the U.S. health care system as the debate over President Barack Obama's top domestic policy enters a new stage.


Oct. 8, 2009
Blog
Will the New G-20 Eclipse the United Nations?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 8, 2009
Update
The Personalities and Priorities of Obama's Economic Team
Ryan Lizza, Washington correspondent for The New Yorker magazine, has penned a new account of how the main players on the White House economic team negotiate their different backgrounds and priorities in crafting high-stakes economic policies.


Oct. 8, 2009
Update
How Much Will the H1N1 Flu Cost the U.S.?
Distribution centers around the country began receiving shipments of the much anticipated H1N1 flu vaccine this week. Those costs, as well as the economic blow of closed schools and lost productivity, could set back the fragile U.S. economy.


Oct. 7, 2009
Analysis
What the U.S. Can Learn From Health Care Abroad
Gwen Ifill speaks with health experts about what the United States can learn from health care systems throughout the world.

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Oct. 7, 2009
Blog
How Does Global Financial Regulation Affect the Doha Round?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 6, 2009
Report
Commercial Real Estate May Be Next Victim of Recession
Just two years ago an office space in midtown Manhattan could fetch close to $1.7 billion. Today, the same property trades for about $600 million. A sign the commercial real estate market will be the next shoe to drop in the U.S. economy? Paul Solman reports.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Oct. 6, 2009
Report
In Netherlands, Insurers Compete Over Quality of Care
In the first of a series on health care abroad, Ray Suarez looks at how the Netherlands achieved a massive health care overhaul four years ago.

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FUNDED IN PART BY: The Bill & Melinda Gates Foundation


Oct. 6, 2009
Report
Other News: Flooding in India Leaves Millions Homeless
In other news, flooding in Southern India left millions homeless and hungry, and heating bills are expected to be lower this winter, according to the Energy Information Administration.

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Oct. 6, 2009
Blog
Is the High Jobless Rate Due to the Return of Discouraged Workers to the Pool?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 6, 2009
Update
Recession Grads Not Afraid to Turn Down Jobs
A recent survey has found just 45 percent of college students offered a job this past spring accepted a position, begging the question, are recent graduates grasping the severity of the financial crisis?


Oct. 5, 2009
Analysis
New Court Term Puts Spotlight on Gun Rights, Free Speech, Business
The Supreme Court opened a new term on Monday with a docket full of cases concerning corporations, compensation, and the financial markets. Marcia Coyle of the National Law Journal previews the term with Gwen Ifill.

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Oct. 5, 2009
Blog
The Great Recession Through an Economist's Walk to Work
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 2, 2009
Analysis
Job Losses Rise, Dampening Hopes for a Quick Recovery
Employers shed 263,000 jobs in September, more than analysts expected, bringing the jobless rate to 9.8 percent. Economics columnist David Leonhardt and labor expert Jacob Kirkegaard look at the numbers.

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Oct. 2, 2009
Blog
More Grim News in the Sept. Jobs Numbers
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 2, 2009
Update
Unemployment Hits 9.8%, Job Losses Accelerate
September was a rough month for the economy, with the unemployment rate rising from 9.7 percent to 9.8 percent as employers cut more jobs than expected, and more unemployed workers gave up searching for jobs.


Oct. 1, 2009
Report
News Wrap: Markets Drop on Mix of Weak Reports
In other news, markets fell on a rise in claims for unemployment benefits and drops in auto sales and factory activity, and a key Senate committee neared the end of its work on health care reform.

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Oct. 1, 2009
Blog
Portrait of B of A's Ken Lewis, Soon to Be Retired
Paul Solman answers your questions on business and economic news on "The Business Desk."


Oct. 1, 2009
Update
Few Profits, Many Cost Overruns Expected for Olympic Hosts
As the International Olympic Committee prepares to anoint a host for the 2016 Olympic Summer Games Friday in Copenhagen, cities vying for the honor are unlikely to receive much of a direct economic boost as host.


Oct. 1, 2009
Update
Bernanke Calls for 'Council of Regulators'
Testifying before lawmakers Thursday, Ben Bernanke reiterated a call for the Fed to be given supervisory powers over institutions that pose a systemic risk to the financial system, and proposed that a council of regulators help monitor risk.

SEPTEMBER
Sept. 30, 2009
Report
One Man's Trash, Another Man's 'Earthship'
In the latest installment in his series on innovation during the recession, Tom Bearden examines how one architect is turning unlikely items into environmentally friendly homes he calls "earthships."

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FUNDED IN PART BY: National Science Foundation


Sept. 30, 2009
Analysis
Senate Bill May Mark New Start for Climate Legislation
Senate Democrats introduced legislation Wednesday aimed at curbing greenhouse gas emissions by 20 percent over 2005 levels. But with health care dominating the national debate, is Congress ready to tackle more big legislation? Jeffrey Brown talks to a reporter for more.

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Sept. 30, 2009
Report
News Wrap: Typhoon Rips Through Southeast Asia
In other news, the typhoon that caused massive flooding in the Philippines last weekend has advanced through Vietnam and Cambodia, and U.S. forces in Iraq will be able to withdraw faster than originally planned.

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Sept. 30, 2009
Blog
Paul's Full Interview with Pres. Lula da Silva
We were only able to air sections of Paul's wide-ranging interview with Brazilian President Lula da Silva at the G-20 late last week. In the interest of letting viewers see Lula's complete takes on global warming, the situation in Honduras, emerging economies, and more, here's the full video interview.


Sept. 29, 2009
Analysis
First Year Lawmakers Face Daunting To-do List
In a discussion with Gwen Ifill, four freshmen lawmakers reflect on their experiences thus far dealing with a recession, overseas conflicts, and the health care debate.

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Sept. 29, 2009
Report
Other News: Ahmadinejad Lashes Out at U.N.
In other news, Iranian President Mahmoud Ahmadinejad criticized U.N. Secretary General Ban Ki Moon of "parroting" the baseless charges of Western nations, and flooding in the Philippines has left at least 280 people dead.

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Sept. 29, 2009
Blog
Jeffrey Sachs on the New World Economic Order
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 28, 2009
Report
Other News: 30 Taliban Fighters Killed in Afghanistan
In other news, U.S. forces reported killing at least 30 Taliban fighters in Western Afghanistan, and in Germany, Chancellor Angela Merkel set to work building a new center-right coalition following her election win on Sunday.

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Sept. 28, 2009
Blog
Back Home From Pittsburgh (and the G-20)
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 25, 2009
Report
Clinton Group Unites Private, Public Spheres on Big Issues
Amid the G-20 and U.N. summits, former President Bill Clinton's foundation brought together big names from both the private and public sectors to tackle major issues.

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Sept. 25, 2009
Analysis
Shields, Brooks Examine Obama's Moves on Iran, G-20
Columnists Mark Shields and David Brooks sift through this week's headlines, including Iran's nuclear surprise, the G-20 summit and U.N. talks.

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Sept. 25, 2009
Analysis
Growing Economies More 'Empowered' at G-20
Jeffrey Brown speaks with economic experts Simon Johnson and Eswar Prasad about the next moves for the G-20 and its members a year after the global economic crisis began.

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Sept. 25, 2009
Report
G-20 to Replace G-8 as Global Economic Forum
World leaders announced that the G-20 will replace the G-8 as the main forum for coordinating global economic policy. Jeffrey Brown and Paul Solman report.

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Sept. 25, 2009
Report
News Wrap: McChrystal Surprised by Taliban's Strength
In other news, five more Americans were killed in Afghanistan on Thursday, and a U.S. missile strike in Pakistan killed 12 militants.

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Sept. 25, 2009
Blog
Paul Interviews Brazilian President Lula da Silva
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 25, 2009
Update
G-8 Will Expand Permanently to G-20 for Economic Issues
World leaders plan to announce Friday the Group of 20 will replace the Group of Eight as the main forum for coordinating global economic policy, a reflection of the increasing importance of fast-growing economies such as Brazil, China, and India.


Sept. 24, 2009
Conversation
Lula: 'Blue-Eyed' Bankers and Emerging Markets
Paul Solman interviews Brazil's President Luiz Inacio Lula de Silva at the G-20 about the role of developing nations in the global economy, the state of Latin American politics and controversial comments the Brazilian leader recently made about the role of "blue-eyed bankers" in the financial meltdown.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 24, 2009
Report
News Wrap: Afghan Man Indicted for U.S. Terror Plot
In other news, an Afghan immigrant was indicted Thursday in New York for allegedly plotting to detonate bombs in the U.S., and Massachusetts Gov. Deval Patrick named Paul Kirk to fill the senate seat left vacant by the death of Sen. Ted Kennedy.

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Sept. 24, 2009
Blog
In Case You Missed It: Ahead of the G-20, How Are World Economies Faring?
In anticipation of the G-20 summit that begins today in Pittsburgh, Paul's segment last night took a look at how the world's economies are faring a year into the financial crisis. Along the way, he gets some global perspective from some unlikely places.


Sept. 24, 2009
Update
G-20 Leaders Urge Financial Reforms, but Dramatic Results Seen as Unlikely
As the leaders of the G-20 meet in Pittsburgh to discuss how to overhaul the global financial system, countries are calling for a wide spectrum of reforms. But a dramatic overhaul of how the global economy is run may be unlikely.


Sept. 24, 2009
Update
Snapshot: Economies of the G-20
The financial crisis barreled through industrialized and developing nations, bruising once vital economies, and thrusting unhealthy ones further into decline. With G-20 leaders in Pittsburgh this week, here is a look at where their economies stand.


Sept. 24, 2009
Newsmaker Interview
Extended Interview: Brazilian President Luiz Inacio Lula da Silva at the G-20
In an interview with Paul Solman from the G-20 meeting in Pittsburgh, Brazilian President Luiz Inacio Lula da Silva clarifies his infamous remarks on 'blue-eyed' bankers and weighs in on where emerging markets like Brazil fit in the global economy. Read the full version of their conversation here.


FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 23, 2009
Analysis
Top Banks Rethink Policies on Overdraft Fees
Leading banks move to change overdraft fees deemed harmful to consumers. Jeffrey Brown speaks with a banking expert about the overhaul.

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Sept. 23, 2009
Report
Ahead of G-20, How Are World Economies Faring?
Ahead of the G-20 summit, Paul Solman asks small business owners at a New York health and beauty show how the economy is faring in their home countries.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 23, 2009
Report
News Wrap: General to Seek More Troops for Afghan War
In other news, General McChrystal will send a formal request to the White House asking for additional troops in Afghanistan, and a death was reported in Honduran clashes following deposed President Manuel Zelaya's return.

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Sept. 23, 2009
Blog
Joe Stiglitz on How the G20 Should Tackle Global Financial Reform
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 23, 2009
Update
President Obama Tells U.N. World Can't 'Wait for America' to Lead
In his first address to the U.N. General Assembly, President Barack Obama bluntly said world leaders who once accused the United States of acting alone must now join with him to solve global crises rather than "wait for America" to lead.


Sept. 22, 2009
Report
Better Storage Options Sought as Wind, Sun Power Catch on
Tom Bearden reports on new innovations that would allow for better storage of electricity generated by the wind and sun.

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Sept. 22, 2009
Analysis
Senate Debate on Health Reform Hinges on Affordability
As the Senate Finance Committee opens debate on the so-called Baucus plan for health care reform, the issue of affordability remains a key sticking point. After a recap of Tuesday's hearing on the bill, Susan Dentzer of the journal Health Affairs takes a closer look at costs with Judy Woodruff.

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FUNDED IN PART BY: Robert Wood Johnson


Sept. 22, 2009
Report
News Wrap: Zelaya's Return to Honduras Leads to Embassy Standoff
In other news, deposed Honduran President Manuel Zelaya remained holed up at the Brazilian embassy, and the Los Angeles Police Department cracked down on gangs in a massive sweep.

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Sept. 22, 2009
Blog
Are Older Workers More Vulnerable in this Recession?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 21, 2009
Report
News Wrap: Deposed Leader Zelaya Returns to Honduras
In other news, Manuel Zelaya, the deposed president of Honduras, announced Monday he has returned to the country, and AIG repaid the federal government $60 billion.

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Sept. 21, 2009
Blog
Reflections on the Week of 'Almost Armageddon'
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 18, 2009
Conversation
No 'Plan B' for Copenhagen Climate Summit, U.N. Negotiator Says
Ahead of a U.N. conference on global warming this December in Copenhagen, the organization's top climate negotiator speaks with Margaret Warner about the outlook for a global pact to curb greenhouse gas emissions.

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Sept. 18, 2009
Analysis
Brooks and Marcus on Health Bill, Obama Media Push
Columnists David Brooks and Ruth Marcus sort through the week's top stories, including the state of the health reform push, President Obama's media strategy and U.S. plans to revamp missile defense in Europe.

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Sept. 18, 2009
Analysis
One Year On, Hurdles Remain for Reforming Wall Street
One year after the fall of Lehman Brothers' brought the global economy to the brink of collapse, questions remain as to whether the government has been tough enough on Wall Street. Experts explain why.

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Sept. 18, 2009
Blog
Lehman's Lawyer on the Decision to Let It Fail
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 18, 2009
Blog
Former Regulator on Lehman's Collapse
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 17, 2009
Conversation
Ted Kennedy Jr. Reflects on His Father's Legacy
Judy Woodruff speaks with Ted Kennedy Jr. about his father's posthumously published memoir, "True Compass." The book offers new insights into Edward Kennedy's famous family and his political career, including the dark moments.

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Sept. 17, 2009
Newsmaker Interview
Boehner Says GOP Support Unlikely for Baucus Health Plan
In an interview with Jeffrey Brown, House Minority Leader John Boehner describes the prospects for GOP support of the president's health reform push and describes what he sees as a "modern-day political rebellion in America" over the expanding role of government.

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Sept. 17, 2009
Report
For Young Americans, Health Insurance is Often Elusive
President Obama took his health reform call to young people Thursday with a speech at the University of Maryland. Kwame Holman reports on the challenges faced by the more than 10 million Americans between the ages of 19 and 26 without health insurance.

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FUNDED IN PART BY: Robert Wood Johnson


Sept. 17, 2009
Analysis
Other News: Afghan Bombing Kills 6 Italian Soldiers
In other news, a bombing in Kabul killed at least six Italian soldiers and 10 Afghan civilians, while a government panel in Afghanistan determined a NATO airstrike killed 30 civilians earlier this month.

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Sept. 17, 2009
Blog
What Has Been the Most Surprising Effect of the Financial Crisis?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 16, 2009
Conversation
Ahead of G-20, IMF Chief Seeks New Global Finance Rules
The global economy is slowly starting to rebound, but in order to prevent another crisis nation's must embrace stricter financial oversight, said Dominique Strauss-Kahn, managing director of the IMF, in an interview with the NewsHour's Paul Solman.

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Sept. 16, 2009
Report
Other News: 3 American Soldiers Killed in Afghanistan
In other news, NATO announced three American soldiers were killed in a roadside bombing in southern Afghanistan on Tuesday, and election officials there declared Hamid Karzai the outright winner of last month's presidential election.

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Sept. 16, 2009
Blog
What Financial Reforms Do We Still Need?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 16, 2009
Update
A Year After Bailout, Uncertain Future for AIG
A year after the U.S. government came to the rescue of insurance giant American International Group (AIG), the company has a new CEO and its share price is up. Yet the company's future remains uncertain.


Sept. 15, 2009
Analysis
Trade Tensions Flare Between U.S., China as G-20 Nears
New U.S. tariffs on Chinese tire imports have created a feud between the two nations ahead of next week's meeting of the Group of 20 industrial and developing nations. Trade experts speak with Jeffrey Brown about how the dispute will affect future U.S.-China trade.

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Sept. 15, 2009
Report
Other News: House Reprimands Rep. Wilson for 'You Lie'
In other news, the House of Representatives formally reprimanded Rep. Joe Wilson, R-S.C., for his "You lie" outburst during President Obama's address to a joint session of Congress last week, and the White House unveiled new fuel economy standards for cars and trucks.

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Sept. 15, 2009
Report
Obama Touts Economic Policies in Health Care Push
President Obama traveled to Pennsylvania and Ohio on Tuesday to tout his administration's economic policies. Separately, Federal Reserve Chairman Ben Bernanke said the recession is "likely over," but that a drop in the jobless rate is in all likelihood still months away.

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Sept. 15, 2009
Blog
In Case You Missed It: Losing Lehman Brothers
Paul Solman filed a compelling report on the fall of Lehman Brothers one year after the firm's descent into bankruptcy. He traces Lehman's fall from storied Wall Street investment bank to catalyst for the worst economic crisis since the Great Depression.


Sept. 15, 2009
Blog
A Year Later: Which Reforms Have Made a Difference?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 15, 2009
Update
Health Premiums Rise, Outstripping Inflation
The cost of employer-sponsored health care insurance has risen by about 5 percent this year, according to a new report, outstripping overall inflation and workers' wages.


Sept. 15, 2009
Update
Mergers May Signal New Life in Business Sector
Mergers and acquisitions are often seen as an indicator of the economy's health; the more companies join forces, the healthier the market. After big deals came to a virtual halt over the past year, a new wave of M&A may signal the recession is over.


Sept. 14, 2009
Conversation
'Green Revolution' Founder Borlaug Dies at 95
A look back at the life of Norman Borlaug, a winner of the Nobel Peace Prize who developed important agricultural strategies for countries around the world. Borlaug died over the weekend at the age of 95.

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Sept. 14, 2009
Analysis
One Year After Financial Crisis, Reform Questions Loom
On the one year anniversary of the collapse of Lehman Brothers, Jeffrey Brown talks to economists and experts about what has been learned and the future of financial reform.

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Sept. 14, 2009
Report
A Look Back at the Collapse of Lehman Brothers
Lehman Brothers survived the Civil War, the Great Depression, two World Wars, and the attacks of 9/11, yet under the leadership of Richard Fuld the investment bank went from storied Wall Street firm to catalyst of last year's economic crisis. What went wrong? Paul Solman reports.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Sept. 14, 2009
Report
Other News: U.S.-China Trade Dispute Escalates
In other news, China filed a complaint with the World Trade Organization over a U.S. tariff on Chinese tires, and election officials in Afghanistan put off announcing when they would release official results from last month's presidential contest.

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Sept. 14, 2009
Analysis
Obama Urges Wall Street to Embrace Stricter Oversight
On the one-year anniversary of the collapse of Lehman Brothers, President Obama visited Wall Street to urge financial firms to remember the lessons of the economic crisis and to press for regulatory reforms.

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Sept. 14, 2009
Blog
A Year After Lehman: Lessons Learned
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 14, 2009
Update
Obama Urges Sweeping Overhaul of Financial Regulation
A year after the collapse of Lehman Brothers set off one of the toughest weeks in Wall Street's history, President Barack Obama delivered a speech Monday outlining "the most ambitious overhaul of the financial system since the Great Depression."


Sept. 14, 2009
Blog
Reporting the Crisis
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 14, 2009
Video
Indian Agriculture Faces Complex Problems
NewsHour correspondent Fred de Sam Lazaro reports on how India is trying to feed its growing population while maintaining the environment.


Sept. 11, 2009
Report
News Wrap: Training Exercise Prompts Security Concerns
In other news, a Coast Guard training exercise in Washington caused security concerns during the nearby 9/11 anniversary services, and the world's oldest person died at the age of 115.

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Sept. 11, 2009
Blog
If the FDIC Asks for More Credit from Treasury, What Happens to Inflation?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 10, 2009
Analysis
Even in Tough Times, Innovation Flourishes
Despite the recession, one Boston-based company is creating new technology that could redefine the auto industry.

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Sept. 10, 2009
Report
Public Voices on Obama's Health Care Address
Spencer Michels gets reactions from the public to President Obama's health care speech.

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Sept. 10, 2009
Report
Other News: White House Says Stimulus Has Saved 1 Million Jobs
In other news, White House economic advisers reported Thursday that stimulus efforts have already created or saved more than 1 million jobs. Also, the Labor Department reported that first time unemployment claims fell last week.

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Sept. 10, 2009
Update
Presidential Heckling Quite Rare, Historian Says
South Carolina Rep. Joe Wilson's interruption of President Obama's address to Congress Wednesday night was a rare instance of presidential heckling, but it was not the first. Historian Richard Norton Smith discusses past instances and the context.


Sept. 10, 2009
Blog
How Can I Preserve, Protect, and Grow My Savings?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 10, 2009
Update
U.S. Poverty Rising, Family Incomes Fall
The poverty rate increased in 2008 to its highest point since 1997 and median household income declined 3.6 percent as the effects of the recession set in, according to new census data released Thursday.


Sept. 9, 2009
Update
Full Text: GOP Response to Obama Reform Speech
Following is the text of Louisiana Rep. Charles Boustany's GOP response to President Obama's health reform address to a joint session of Congress Wednesday, as distributed to news organizations.


Sept. 9, 2009
Analysis
Decades Later, Beatles Hits Continue to Draw New Fans
Jeffrey Brown speaks with NPR music critic Tim Riley about the Beatles' influence decades later.

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Sept. 9, 2009
Report
Beatlemania Returns with Re-mastered Catalogue
More than 20 years after Beatlemania took hold of music fans across the globe, a newly re-mastered Beatles catalogue and video game are being released.

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Sept. 9, 2009
Analysis
Shields and Brooks Mull Stakes for Obama Speech
Columnists Mark Shields and David Brooks discuss the lead up to President Obama's health reform speech and developments in Congress.

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Sept. 9, 2009
Blog
The Business of Beatlemania
Wednesday on the NewsHour, Jeffrey Brown talked to Tim Riley, a contributing music critic for NPR, about the release of the Beatles Remastered. Earlier Wednesday, Michelle Steele of Bloomberg News gave the business angle on the Beatles' releases.

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Sept. 9, 2009
Newsmaker Interview
Axelrod Optimistic About Health Care Reform Push
Judy Woodruff speaks with White House senior adviser David Axelrod about what is at stake for President Obama ahead of Wednesday night's speech.

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Sept. 9, 2009
Report
Dip in Home Prices Could Stunt Consumer Spending
A look at home prices over the course of a year in Patchwork Nation's community types found that many home owners saw the value of their large lifetime investment fall, a troubling sign for the economy as a whole.

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Sept. 9, 2009
Blog
What Has Been Done to Insulate the U.S. From Systemic Risks Overseas?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 8, 2009
Report
News Wrap: 4 U.S. Soldiers Killed in Iraq Bombing
In other news, four American soldiers were killed by roadside bombings in Iraq, making Tuesday the bloodiest day for U.S. troops there in more than two months. And four other Americans died in eastern Afghanistan.

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Sept. 8, 2009
Blog
In Case You Missed It: The Realities of the Recession
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 7, 2009
Analysis
Realities of the Recession and the Changing Workforce
Paul Solman looks at the faces and places that illustrate the realities of the recession and Jeffrey Brown talks to experts about its impact on jobs.

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Sept. 7, 2009
Report
Obama Kicks Off Critical Week for Health Reform
President Barack Obama renewed his push for health care reform from Ohio where he addressed the AFL-CIO on Labor Day. Gwen Ifill reports.

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Sept. 4, 2009
Conversation
The Value of Work in 'Shop Class as Soulcraft'
Jeffrey Brown speaks with philosopher, author and motorcycle-repair shop owner Matthew B. Crawford about the fulfillment found in building and fixing things, which he details in the new book "Shop Class as Soulcraft."

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Sept. 4, 2009
Analysis
Shields and Brooks on Health Reform, Afghan Strategy
Columnists Mark Shields and David Brooks discuss the top news of the week, including the escalating violence in Afghanistan, and President Barack Obama's upcoming speech on health care to a joint session of Congress.

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Sept. 4, 2009
Analysis
Jobless Rate Hits 26-Year High, but Hints of Recovery Remain
Unemployment jumped to 9.7 percent in August, but new data shows job cuts have slowed. Ray Suarez speaks with a financial expert about the labor market and economic recovery.

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Sept. 4, 2009
Blog
How Do We Compare Unemployment Across Decades If More People in a Household Are Working Now?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 4, 2009
Blog
In a Difficult Job Market, Settling for Less
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 4, 2009
Update
Unemployment Rises to 9.7%, Though Hints of Recovery Remain
U.S. employers shed 216,000 jobs in August, increasing the unemployment rate to 9.7 percent, the highest level since 1983.


Sept. 3, 2009
Debate
Clock Ticks as U.S. Mulls Solution to Honduran Stalemate
With less than three months until presidential elections in Honduras, the White House is running out of time to resolve a coup that resulted in the ouster of the nation's now deposed president, Manuel Zelaya. The dispute has also strained U.S.-Honduran ties.

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Sept. 3, 2009
Analysis
Entrepreneurship? There's an App for That
While the recession has battered most industries, it has sparked innovation across a range of many others. Case in point: the cell phone application market. Simon Marks reports.

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Sept. 3, 2009
Analysis
Madoff Report Highlights SEC Lapses in Detecting Fraud
A scathing report by an inspector general for the Securities and Exchange Commission has found the agency missed numerous chances to uncover Bernard Madoff's Ponzi scheme. A financial reporter and a law professor speak with Jeffrey Brown about the SEC's framework for detecting fraud.

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Sept. 3, 2009
Report
Other News: Firefighters Gain on Calif. Blaze; Biden Defends Stimulus Program
In other news, firefighters have contained approximately 40 percent of a massive wildfire burning through Southern California, and Vice President Joe Biden defended the federal stimulus program, saying it has helped create or save as many as 750,000 jobs.

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Sept. 3, 2009
Update
Health Care Reform Splits Retailers
In a summer of health care reform twists and turns, few things may have surprised the public more than the debate over the positions that their favorite -- and least-favorite -- places to shop have taken on the issue.


Sept. 3, 2009
Blog
Of Dollars and Spidey Sense: Disney Has Much to Gain by Purchasing Marvel
Disney's plan to buy Marvel Entertainment, Inc. for $4 billion opens up the gates of the Magic Kingdom to a whole host of new characters and helps complete the evolution of comics from a dime-store fringe market to a global economic powerhouse.


Sept. 3, 2009
Blog
Can the Economy Truly Recover With So Many States in the Red?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 2, 2009
Update
Pfizer Settles Unlawful Marketing Case for $2.3 Billion
Pfizer Inc., the world's largest drugmaker, agreed to plead guilty under a $2.3 billion federal settlement over unlawful marketing of the anti-inflammatory drug Bextra. Ray Suarez reports on the record fine.

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Sept. 2, 2009
Report
Other News: Worker Productivity Soars Most in 6 Years
In other news, the Labor Department reported worker productivity jumped last spring by the most in six years, and an SEC investigation concluded that agency flaws enabled Bernie Madoff.

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Sept. 2, 2009
Blog
If Big Banks Were Allowed to Fail, Would the FDIC Need a Bailout?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Sept. 1, 2009
Report
Other News: Stocks Slide on Bank Fears
In other news, stocks in the U.S. were hit by fears about additional bank failures, and Iran signaled it may be ready to restart talks over its disputed nuclear program.

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Sept. 1, 2009
Blog
What Sectors Will Keep America an Economic Superpower?
Paul Solman answers your questions on business and economic news on "The Business Desk."

AUGUST
Aug. 31, 2009
Report
Few Glimmers of Hope for Unemployed Americans
With the long-term unemployment rate at its highest level since 1948, the nation's jobless are taking little solace in recent data suggesting the recession is winding down. In the latest installment of his Making Sen$e series, Paul Solman explores the sometimes grueling search for work in an battered economy.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Aug. 31, 2009
Report
Other News: General Warns of 'Serious' Challenges in Afghanistan
In other news, Gen. Stanley McChrystal warned "the situation in Afghanistan is serious, but success is achievable," as the military reported the deaths of two more American soldiers there.

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Aug. 31, 2009
Blog
Sudhir Venkatesh on the New Meaning of Recovery
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 31, 2009
Update
Japanese Election a Major Turning Point for World's No. 2 Economy
Voters in Japan on Sunday rejected their incumbent political party for just the second time in postwar history, choosing instead a party that promised to reverse the nation's struggling economy and to redefine Tokyo's relationship with Washington.


Aug. 28, 2009
Report
News Wrap: 2 U.S. Soldiers Die in Iraq Roadside Bombing
In other news, two U.S. soldiers died Friday in Iraq from wounds sustained in a roadside bomb attack, and a new report from the U.N. shows that Iran has not suspended its nuclear weapons program.

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Aug. 28, 2009
Blog
Would Shortening the Workweek Stimulate the Economy?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 28, 2009
Update
Consumer Spending Rises Slightly, But Confidence Falls Again
As the nation looks for more signs of economic recovery, there were mixed signals on Friday as reports showed consumer spending rose slightly last month thanks in part to an increase in auto sales but incomes remained flat.


Aug. 27, 2009
Analysis
FDIC Losing Money as Many More Banks Face Collapse
The FDIC reported that its insurance fund shrank 20 percent in the second quarter. Jeffrey Brown speaks with a reporter and analyst about troubled banks.

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Aug. 27, 2009
Report
Other News: Bomber Kills 19 Pakistani Border Guards
In other news, 19 border guards were killed Thursday when a security checkpoint in Pakistan was hit by a suicide bomber, and an American service member was killed in Afghanistan.

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Aug. 27, 2009
Blog
Simon Johnson Previews Next Month's G20 Meeting in Pittsburgh
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 27, 2009
Update
GDP Reading May Signal Stability for Economy
The U.S. economy contracted only slightly in the second quarter with gross domestic product decreasing by an annual rate of 1 percent, another sign that the nation's economic situation could be stabilizing.


Aug. 26, 2009
Report
Other News: S.C. Lt. Gov. Calls for Sanford Resignation
In other news, the lieutenant governor of South Carolina asked Republican Gov. Mark Sanford to resign, and new economic data showed better-than-expected recoveries in the manufacturing and housing sectors.

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Aug. 26, 2009
Blog
Simon Johnson on Consumer Protection
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 26, 2009
Blog
Why Isn't Single Payer on the Table in the Health Care Debate?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 25, 2009
Analysis
Across the U.S., All Eyes on Health Reform, Economy
At the end of an especially eventful August recess, Jeffrey Brown speaks with reporters and analysts from around the nation about how the economy and health care debates are shaping up.

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Aug. 25, 2009
Analysis
As Bernanke Tapped for a Second Term, U.S. Deficits Appear Likely to Soar
Judy Woodruff speaks with journalists about federal deficit projections and President Obama's nomination of Federal Reserve chief Ben Bernanke for a second term.

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Aug. 25, 2009
Update
White House Projects U.S. Debt Will Nearly Double in Coming Decade
Fallout from the recession is expected to drive up the government's budget deficit by $9 trillion over the next decade, $2 trillion higher than a May estimate, according to a report issued Tuesday by the White House.


Aug. 25, 2009
Blog
Simon Johnson on Bank Bonuses and 'Too Big to Fail'
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 25, 2009
Update
Obama Taps Bernanke for Second Term at Fed
Ending speculation that he might appoint a new central bank chief, President Obama said he would nominate Fed Chairman Ben Bernanke for a second term Tuesday as the administration continues its efforts to stabilize the embattled U.S. economy.


Aug. 24, 2009
Report
Popular 'Cash for Clunkers' Program Winds Down
The government is ending its popular 'Cash for Clunkers' program two months early due to dwindling funds. Jeffrey Brown speaks with an automotive journalist about its impact on the auto industry and the economy.

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Aug. 24, 2009
Blog
Simon Johnson on Jobs in the Recovery
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 24, 2009
Blog
More on Our Correction to Friday's Segment
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 24, 2009
Blog
Author of 'Cheap' Answers (More of) Your Questions
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 23, 2009
Blog
Correction to Friday's Segment on Inflation
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 21, 2009
Report
Reviving the Economy Tests Convential Views on Inflation
With the economy showing hints of a recovery, the threat of inflation is testing policy makers at the Federal Reserve as they work to determine how quickly to unwind emergency moves taken during the height of the financial crisis. Paul Solman reports.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Aug. 21, 2009
Analysis
Fed Chairman Upbeat on Prospects for Economy
Ben Bernanke offered a hopeful forecast for the U.S. economy Friday, saying "prospects for a return to growth in the near term appear good." Economists weigh in on the outlook.

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Aug. 21, 2009
Blog
Simon Johnson on the Falling Dollar
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 21, 2009
Blog
Taking a Lesson from Cash for Clunkers, Why Don't We Recycle Old Cars?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 21, 2009
Update
Bernanke: U.S. Economy Poised for Recovery
Federal Reserve Chairman Ben Bernanke offered an optimistic assessment of the U.S. economy's chances for recovery Friday in a much-anticipated speech to fellow central bankers and top economists.


Aug. 20, 2009
Report
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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Aug. 20, 2009
Conversation
Former Insurance Exec Speaks Out on Health Reform
Until last year, Wendell Potter worked for both Cigna and Humana health care for two decades. He's now a senior fellow on health care with the Center for Media and Democracy, a liberal research group. He speaks to Gwen Ifill as part of an ongoing series of conversations on health care reform.

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Aug. 20, 2009
Analysis
Tougher Credit Card Rules Offer New Consumer Guards
New rules for credit card companies took effect Thursday, the first in a series of measures designed to protect consumers from changes to the terms of their card agreements. Jeffrey Brown gets perspective from a consumer advocate and a banking industry representative.

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Aug. 20, 2009
Report
Other News: Death Toll Climbs from Baghdad Attacks
In other news, the death toll from Wednesday's bombings across Baghdad climbed to at least 101 people, and ten alleged leaders of Mexican frug cartels have been indicted in the U.S.

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Aug. 20, 2009
Blog
Simon Johnson on Economic Green Shoots
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 20, 2009
Blog
Is GDP a Good Metric for Gauging Economic Health?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 19, 2009
Report
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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Aug. 19, 2009
Analysis
IRS Deal Pierces Veil of Swiss Banking Secrecy
A New York Times reporter assesses the impact of Swiss banking giant UBS agreeing to give the U.S. Internal Revenue Service names of some account holders.

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Aug. 19, 2009
Analysis
California Budget Woes Squeeze Overcrowded Prisons
As California continues to struggle over budget gaps, Spencer Michels measures the likely effects of funding cuts on the state's overcrowded prisons.

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Aug. 19, 2009
Report
Other News: Taliban Threat Looms on Eve of Afghan Vote
In other news, a wave of fresh attacks struck Afghanistan one day before the nation's second presidential election, and Saudi Arabia announced the arrests of 44 suspected Islamist militants.

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Aug. 19, 2009
Blog
Is the Stimulus Working?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 19, 2009
Update
UBS to Surrender 4,450 Client Names to IRS
UBS AG, Switzerland's largest bank, will provide the names of some 4,450 account holders to the U.S. Internal Revenue Service as part of a tax-evasion settlement reached between the two countries' governments.


Aug. 18, 2009
Conversation
'Losing the News' Examines Journalism's Shifting Future
Journalist and author Alex Jones speaks with Jeffrey Brown about the uncertain future of journalism, as well as his new book, "Losing the News."

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Aug. 18, 2009
Analysis
Record-setting Cyber Theft Stirs Questions on Security
The Justice Department indicted three men on Monday for stealing more than 130 million credit and debit card numbers by hacking into the computer systems of five major companies. Cyber-securiity experts discuss the case with Ray Suarez.

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Aug. 18, 2009
Conversation
Aetna CEO: Public Insurance Option 'Wrong Way to Go'
Efforts to overhaul the health care system would be damaged by creating a public option to compete with private insurers, Ron Williams, chief executive of Aetna Inc., the nation's third-largest health insurer, tells Judy Woodruff.

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Aug. 18, 2009
Report
Other News: Wholesale Prices Take Surprise Dip in July
In other news, the Labor Department reported wholesale prices fell unexpectedly in July, and President Barack Obama met with Egyptian leader Hosni Mubarak to discuss jumpstarting Mideast peace talks.

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Aug. 18, 2009
Blog
Why Do Medical Costs Vary So Much Across the Country?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 17, 2009
Report
California Grapples with Cuts to Safety Net Programs
Local governments across the Golden State are beginning to feel the impact of the $4 billion in budget cuts made by lawmakers in the state's general assembly earlier this year. Spencer Michels explores the impact on California cities and counties.

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Aug. 17, 2009
Report
Budget Gap Shuts Down City Services in Chicago
A $469-million budget gap forced a shutdown of non-essential city services, such as garbage collection, in Chicago on Monday. Ray Suarez talks to Elizabeth Brackett of WTTW about the move.

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Aug. 17, 2009
Blog
Have the Wars in Iraq and Afghanistan Hurt the Economy?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 17, 2009
Update
Japanese Economy Pulls Out of Recession
Japan's economy climbed out of yearlong recession in the second quarter, the government said Monday, expanding 3.7 percent at an annual pace as it joined Germany, France and other regions that appear to be emerging from the global financial crisis.


Aug. 17, 2009
Update
Wessel Answers Questions on the Changing Fed
A year after Wall Street went into a tailspin, the Fed continues to take unprecedented steps to revive the economy. David Wessel has penned a book about Ben Bernanke and the changing role of the Fed. He answered questions in an Online NewsHour forum.


Aug. 14, 2009
Report
U.S. Consumers Still Worried About Economy
A new survey shows that despite positive economic forecasts, Americans are still concerned about scarce jobs and falling income.

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Aug. 14, 2009
Video
GlobalPost Among Organizations Looking to Fill International Reporting Gaps
As economic turmoil hits news organizations and cutbacks abound, a number of experimental journalism models are emerging to fill the gaps. GlobalPost executive editor Charles Sennott reflects on the media model driving his organization's focus on foreign reporting.


Aug. 14, 2009
Blog
Who Gets the Interest on U.S. Government Debt?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 14, 2009
Update
Consumer Prices Go Unchanged in July
The cost of living in the United States went unchanged in July, easing concerns among many experts that economic recovery will be hampered by rising inflation.


Aug. 13, 2009
Report
Other News: Pakistani Forces Pummel Taliban Bases; Taiwan Dispatches More Aid
In other news, Pakistani forces pummeled key Taliban bases near the Afghanistan border, and a double suicide bombing in Iraq killed at least 21 people.

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Aug. 13, 2009
Insider Forum
The Hidden Cost of the Discount Culture
Ellen Ruppel Shell, author of the new book "Cheap: The High Cost of Discount Culture," answers questions from NewsHour viewers about what effect our love of bargains has on wages, the environment and international trade.

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Aug. 13, 2009
Update
U.S. Retail Sales Sink After 2 Months of Gains
Sales at U.S. retailers sank in July for the first time in three months despite the government's popular 'cash for clunkers' incentive program, indicating that the American economy faces a bumpy recovery from its worst recession since World War II.


Aug. 13, 2009
Blog
When Did Formerly Safe Bonds Become Unsafe?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 13, 2009
Update
Home Foreclosures Set Third Record in Five Months
Foreclosure filings in the United States jumped in July, again setting a record for the third time in five months. The increase was due to falling home prices and the recession, which kept some homeowners from making payments or refinancing.


Aug. 12, 2009
Conversation
Crisis Turned Federal Reserve Into Fourth Branch of Government, Author Says
"In Fed We Trust" author David Wessel discusses how the central bank reacted to the financial crisis and its changing role in setting U.S. and global financial policy.

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Aug. 12, 2009
Report
Other News: U.S. Marines Storm Taliban Stronghold
In other news, Marines launched an offensive in Afghanistan, storming a Taliban compound in Helmand province. Also, government troops in the Philippines attacked militants tied to al-Qaida.

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Aug. 12, 2009
Analysis
Fed Decision Signals Optimism for Economy
The Fed decided Wednesday to keep short-term interest rates at a record low to help stabilize the economy. Jeffrey Brown speaks with a Washington Post reporter about the economic outlook.

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Aug. 12, 2009
Report
Hard Times Leveling Off In Patchwork Nation
As economists and politicians point to a possible economic turnaround, Patchwork Nation's September Hardship Index found that troublesome economic indicators are starting to level off, as they did in August, yet times are still getting tougher in some places.

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Aug. 12, 2009
Forum
'In Fed We Trust'
Nearly a year after the financial markets went into a tailspin and the Federal Reserve began to take unprecedented steps to revive the economy, David Wessel has penned a new account of how the crisis unfolded and the people charged with containing it.


Aug. 12, 2009
Update
Fed Holds Key Interest Rate at Record Low
The Federal Reserve announced Wednesday that it will keep short-term interest rates at a record low in order to further stabilize the U.S. economy. But it signaled confidence in the recovery, saying economic activity is "leveling out."


Aug. 12, 2009
Blog
Where Are Toxic Assets Now?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 11, 2009
Blog
Did Hank Paulson Just Want to Save Goldman Sachs?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 11, 2009
Update
GM Unveils 230 MPG Claim for Chevy Volt
General Motors announced Tuesday that its long-awaited Chevrolet Volt hybrid, a battery- and gas-powered electric vehicle, can get 230 miles per gallon in city driving, dwarfing every other car on the market in fuel efficiency.


Aug. 10, 2009
Report
Ala. Highway Exposes Challenges of Transit Planning
As part of an ongoing series of reports on the nation's infrastructure, special correspondent Rick Karr examines a dispute in Alabama over a nearly 50-year-old federal highway program.

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FUNDED IN PART BY: The Rockefeller Foundation


Aug. 10, 2009
Conversation
Bargain-hunting Adds Up to Unexpected Costs
In the new book "Cheap: The High Cost of Discount Culture," author Ellen Ruppel Shell explores modern consumers' love of cheap, mass-produced products, and the downsides -- on wages, the environment, and quality -- that a discount culture creates.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Aug. 10, 2009
Analysis
Medicare Misinformation Remains Issue in Reform Debate
As the health care reform debates continues, some seniors are concerned over potential changes to Medicare payments.

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FUNDED IN PART BY: Robert Wood Johnson


Aug. 10, 2009
Report
Other News: U.S. Commander Warns of Taliban Gains
In other news, a top U.S. military official warned that the Taliban has the upper hand in Afghanistan. Also, a typhoon tore through Taiwan over the weekend.

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Aug. 10, 2009
Blog
Ask Ellen Ruppel Shell, Author of 'Cheap', About the High Cost of Discounts
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 10, 2009
Blog
What Are Warrants Issued by Financial Institutions?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 7, 2009
Analysis
Health Reform Push, Clinton's N. Korea Trip Top Week's News
Mark Shields and David Brooks discuss the news of the week, including tensions in the health care debate and former President Bill Clinton's trip to North Korea to obtain the release of two U.S. journalists.

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Aug. 7, 2009
Report
Other News: Markets Jump on Positive Jobs Report
In other news, Wall Street rallied on a Labor Department report that showed the U.S. economy lost fewer jobs than expected in July, and President Obama signed a $2 billion extension of the "cash for clunkers" incentive program.

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Aug. 7, 2009
Analysis
Job Losses Ease in July, but Economic Picture Still Mixed
The U.S. economy shed fewer jobs than expected in July, according to new Labor Department figures. Experts discuss what the data says about the job market and an economic recovery.

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Aug. 7, 2009
Update
During August, Public Weighs in on Reform
The Senate remained in session this week, but as House members headed home to their districts the focus of health care reform efforts moved off Capitol Hill.


Aug. 7, 2009
Blog
Is the "Perfect Storm" Metaphor Appropriate for the Economic Crisis?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 7, 2009
Update
U.S. Unemployment Rate Dips Slightly to 9.4%
For the first time since April 2008, the U.S. unemployment rate fell slightly in July, to 9.4 percent, down from 9.5 percent in June.


Aug. 6, 2009
Analysis
Dealers, Detroit Look for Boost With 'Clunkers' Extension
The government's popular "cash for clunkers" incentive program -- aimed at replacing gas guzzlers with more fuel-efficient vehicles -- nearly exhausted its $1 billion budget in just days. Analysts look at who benefits from the program and its effects on the troubled U.S. auto industry.

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Aug. 6, 2009
Report
Other News: 4 Marines Killed in Afghan Explosion
In other news, four U.S. Marines died in a roadside bombing in Afghanistan, and the Obama administration is considering a new plan to remove billions of dollars worth of troubled loans from the books of mortgage giants Fannie Mae and Freddie Mac.

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Aug. 6, 2009
Blog
Are Credit Card Companies Raising Rates to Repay the Government?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 6, 2009
Blog
If Banks Just Changed Their Accounting Rules, Why Do They Need Bailout Money?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 5, 2009
Analysis
Obama Addresses Criticism on Stimulus Spending
Amid the continuing debate over the effectiveness of the federal stimulus funds, President Obama unveiled new grants that he said can help rebuild the economy. A ProPublica reporter discusses how some hard-hit areas are getting more money, but others are not.

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Aug. 5, 2009
Report
Other News: In Kenya, Clinton Pushes for Accountability
In other news, Secretary of State Hillary Clinton spent the first day of her seven-nation African tour calling for improved accountability in Kenya, and Iranian President Mahmoud Ahmadinejad was sworn into office for a second term.

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Aug. 5, 2009
Blog
Should We Have Dealt With 'Too Big to Fail' in the 1980s?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 4, 2009
Report
Despite Federal Aid, Lenders Slow to Modify Home Loans
Fewer than 8 percent of eligible borrowers have successfully modified their mortgages under a $75 billion federal plan aimed at halting home foreclosures, according to a Treasury Department report. Jeffrey Kaye reports on the early struggles of the program.

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Aug. 4, 2009
Blog
Why Does the Govt. Pay Farmers to Not Grow Crops?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 3, 2009
Report
Other News: New Prison for Gitmo Detainees Considered; Pilot's Remains Found
In other news, White House officials confirmed that the administration is weighing creating a prison inside the U.S. to both house and prosecute suspected terrorists, and a bombing carried out by the Taliban killed 11 people in western Afghanistan.

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Aug. 3, 2009
Blog
Why Do Cars Have Fuel Doors on Different Sides?
Paul Solman answers questions on business and economic news on "The Business Desk."


Aug. 3, 2009
Blog
What's the Basic Function of the Stock Market?
Paul Solman answers your questions on business and economic news on "The Business Desk."


Aug. 3, 2009
Update
Despite Critics, Senate Considers $2B Boost for 'Cash for Clunkers'
The government's "cash for clunkers" program helped prop up sagging auto sales in July, but the popular program is almost out of cash and the Senate is considering a $2 billion infusion by the end of the week.

JULY
July 31, 2009
Analysis
Congress Considers Plan to Influence Executive Pay
Congress might give the government some say in how much Wall Street executives are paid. A former SEC accountant and a law professor give their take on the plan.

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July 31, 2009
Report
Other News: House to Add $2 Billion to Cash for Clunkers
The House rushed to inject $2 billion into the cash for clunkers program, and the Associated Press reported that thousands of decaying bridges are suffering under the stimulus package.

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July 31, 2009
Analysis
Recession Shows Signs of Easing Grip on U.S. Economy
New economic figures hinted that the U.S. recession could be slowing down. Jeffrey Brown gets analysis from a banker and a journalist.

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July 31, 2009
Update
U.S. Economy Shrinks Less Than Expected
The U.S. economy sank at a pace of just 1 percent in the second quarter of the year, the Commerce Department reported Friday, in a better-than-expected showing that the recession could be winding down.


July 31, 2009
Blog
Tales From the Fed: Blinder on Greenspan
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 30, 2009
Report
Fed Struggles with Perceptions of Transparency
As the debate over the Federal Reserve's transparency heats up in Congress, Paul Solman looks at the agency's attempts to balance public disclosure and the secrecy it uses to protect financial markets.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


July 30, 2009
Blog
Tales From the Fed: Blinder on Fed Transparency
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 30, 2009
Blog
Tales From the Fed: Rivlin on Fed Independence
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 30, 2009
Blog
How Can the Repaid TARP Money Be Used?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 30, 2009
Update
Exxon, Shell Report Massive Drops in Profits
Oil giant Exxon Mobil Corp. reported Thursday that its earnings plunged 66 percent in the second quarter, following a steep decline in fuel prices over the past year.


July 29, 2009
Report
In Forum, Bernanke Says Fed Was Late Addressing Subprime Crisis
The third and final installment of a special forum with Federal Reserve chief Ben Bernanke, moderated by Jim Lehrer in Kansas City, Mo.

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July 29, 2009
Report
Other News: Economy Stabilizing in Parts of U.S., Fed Says
In other news, the Federal Reserve indicated that the recession might be easing up but said the labor market remains soft, and Microsoft announced a long-awaited partnership with Yahoo.

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July 29, 2009
Update
Microsoft, Yahoo Pair up With Sights on Google
After years of courting, Microsoft announced Wednesday that it finally inked a deal with Yahoo in hopes that a partnership could help topple Google from being the Internet search and advertising leader.


July 29, 2009
Blog
Tales From the Fed: Rivlin on Popular Misunderstandings of the Fed
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 29, 2009
Blog
What About Banks That Didn't Take TARP Money?
Paul Solman answers your questions on business and economics news on "The Business Desk."


July 29, 2009
Update
U.S., China End Two Days of Talks With Few Concrete Results
The United States and China ended two days of high-level talks Tuesday, pledging to improve cooperation on economic and security issues, including on policies aimed at economic recovery and international non-proliferation agreements.


July 28, 2009
Report
At Forum, Fed Chairman Calls for Patience on Stimulus
In part two of Jim Lehrer’s conversation with Ben Bernanke, the Federal Reserve chief discusses the state of the Obama administration’s economic recovery efforts, and the central bank's efforts to help homeowners facing foreclosure.

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July 28, 2009
Report
Other News: Sotomayor Nomination Heads to Full Senate
In other news, the Senate Judiciary Committee voted 13-6 to recommend Supreme Court nominee Sonia Sotomayor as the first Hispanic justice, and consumer confidence fell for a second straight month.

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July 28, 2009
Blog
Making Sen$e of the Federal Reserve
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 28, 2009
Update
U.S. Home Prices Rise Slightly, Consumer Confidence Drops Again
A key measure of the housing market shows that U.S. home prices rose slightly in May, posting the first monthly increase since the summer of 2006. Meanwhile, consumer confidence continued to decline, according to another closely watched measurement.


July 28, 2009
Blog
Tales From the Fed: Blinder on the Fallout from Lehman's Failure
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 28, 2009
Blog
Thaler Responds to Posner on Consumer Protection
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 27, 2009
Report
Other News: New Home Sales Surge 11% in June
In other news, new home sales leapt 11 percent in June, the largest monthly gain in nearly nine years, and the U.S. warned Iran it could face tough sanctions if it rejects talks on its nuclear program.

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July 27, 2009
Report
Bernanke Reflects on Fed's Aggressive Actions
In the first of a three-part discussion, Fed Chairman Ben Bernanke warned that jobless rates may continue to rise and discussed his fears of another Great Depression.

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July 27, 2009
Report
With Trade Hub History, K.C. a Crossroads for Commerce
Economics correspondent Paul Solman explores Kansas City, Mo., home to one of 12 regional Federal Reserve banks and a crossroads for the U.S. economy.

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July 27, 2009
Blog
Tales From the Fed: Rivlin on the Perfect Storm
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 27, 2009
Update
Bernanke Reflects on Fed's Actions in Forum
In a forum on the Fed's role in the handling of the economic crisis and recovery, Federal Reserve Chairman Ben Bernanke reflected on his desire not to be the Fed chief who "presided over the second Great Depression."


July 27, 2009
Conversation
At Forum, Bernanke Defends Fed's Aggressive Moves
At a forum in Kansas City, Mo., Federal Reserve Chairman Ben Bernanke discussed the central bank's actions in handling the economic crisis, saying he did not want to be the Fed chief who "presided over the second Great Depression." Here is the full transcript of the forum, which was moderated by Jim Lehrer.

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July 26, 2009
Forum
Jim Lehrer Moderates a Forum With the Fed Chief
Federal Reserve Chairman Ben Bernanke answers audience questions in a forum moderated by Jim Lehrer in Kansas City, Mo.


July 26, 2009
Video
Bernanke on the Record: Fed Chief Answers Questions from Public
In a forum on the Fed's role in the handling of the economic crisis and recovery moderated by Jim Lehrer, Federal Reserve Chairman Ben Bernanke reflected on his desire not to be the Fed chief who "presided over the second Great Depression."

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July 26, 2009
Report
Federal Reserve Timeline
The subject of much confusion and countless conspiracy theories, the Federal Reserve is one of the most powerful government entities in the United States.


July 24, 2009
Blog
Should the Government Set Up a National Lottery?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 24, 2009
Update
Watchdog Role at Center of Regulator Showdown
Three federal government officials charged with reforming the U.S. financial system testify Friday in front of the House Financial Services committee who should become the nation's top consumer watchdog.


July 23, 2009
Report
Other News: Dow Closes Over the 9,000 Mark
In other news, better-than-expected earnings from several companies, combined with strong housing figures pushed the Dow Jones Industrial Average above 9,000 for the first time since January, and three mayors in New Jersey were arrested on corruption charges.

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July 23, 2009
Blog
Is Unemployment Any Guide to Future Growth?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 22, 2009
Analysis
Bernanke Signals Slow Recovery, Defends Fed's Powers
Fed chief Ben Bernanke told a Senate panel on Wednesday that economic recovery should begin soon, albeit slowly at first. A financial analyst and a lawmaker speak with Ray Suarez about the testimony.

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July 22, 2009
Report
Patchwork Nation: Bumping Along the Economic Bottom
Patchwork Nation's Hardship Index -- a short-term barometer of how communities are faring each month -- rose in July, indicating that the country's not out of the downturn quite yet.

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July 22, 2009
Blog
Are Geithner and Summers Too Close to Wall Street?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 21, 2009
Report
Calif. Strikes Deal to Close $26 Billion Budget Gap
Lawmakers in California on Tuesday agreed on a plan to close a $26 billion budget gap, ending weeks of stalemate that left the state's chief accountant having to issue IOUs to creditors. Ray Suarez reports.

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July 21, 2009
Report
Senate Vote Against F-22 Funds a Win for Obama
In a key political victory for President Obama and Defense Secretary Robert Gates, the Senate on Tuesday voted 58-40 to block $1.75 billion in financing for new F-22 fighter jets. Kwame Holman reports.

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July 21, 2009
Analysis
Bernanke Details Stimulus Exit Plan to Congress
Despite recent improvements in the economy, the Federal Reserve will keep interest rates near zero, chairman Ben Bernanke told lawmakers Tuesday. Greg Ip of "The Economist" examines the chairman's testimony with Gwen Ifill, and discusses the central bank's plans to roll back crisis measures taken during the credit crunch.

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July 21, 2009
Report
Other News: Bailout Funds Come Under New Scrutiny
In other news, lawmakers asked new questions on the spending of federal bailout dollars, and the Senate Judiciary Committee has delayed a vote on Supreme Court nominee Sonia Sotomayor by one week.

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July 21, 2009
Update
Bernanke: Fed has Stimulus Exit Strategy
Federal Reserve Chairman Ben Bernanke looked to assure lawmakers and Wall Street that the central bank will be able to scale down its massive stimulus efforts and avoid inflationary concerns when the economic recovery is more certain.


July 21, 2009
Blog
Why Do CEOs Make So Much Money?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 20, 2009
Report
Other News: Army to Add 22,000 Soldiers
In other news, Defense Secretary Robert Gates announced that the Army would add 22,000 more soldiers to its ranks, and in Mumbai, India, the only surviving gunman in last November's shooting attacks changed his plea to guilty.

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July 20, 2009
Newsmaker Interview
Obama Outlines Expectations for Health Reform Timeline, Economic Recovery
In an interview with Jim Lehrer, President Barack Obama said he could be flexible on the August deadline for a health care reform plan if most details are in place and discussed the state of the economy.

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July 20, 2009
Blog
Is Madoff's Sentence a Deterrent for Future Swindlers?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 20, 2009
Blog
Ask Fed Chief Ben Bernanke About the Economy
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 17, 2009
Report
Other News: Troops Killed in Iraq, Summers Says Economic Catastrophe Avoided
In other news, three American soldiers were killed when their base was attacked, and reports showed that unemployment climbed to double digits in 15 states last month.

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July 17, 2009
Update
Bank of America, Citigroup Report Strong Profits
Two ailing banks that just a few months ago symbolized many of the troubles afflicting the American banking system posted strong second-quarter profits Friday, exceeding analysts' expectations.


July 17, 2009
Blog
A Little Poetry for California's Crisis
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 16, 2009
Forum
Cyber Attacks on Governments
On the Fourth of July, cyber attacks started targeting computers at the White House, the Pentagon and other major U.S. government agencies. The New York Stock Exchange and the South Korean government were also targets. Who and what are behind the attacks? Two experts answered your questions.


July 16, 2009
Analysis
Publishing Industry Confronts Changing Reader Habits
As the recession pushes more readers into cash-strapped libraries, some are turning to electronic books to satisfy their literary appetites. Ray Suarez looks at this nascent industry with two publishers.

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July 16, 2009
Analysis
Paulson Defends Bank of America-Merrill Lynch Deal
Former Treasury Secretary Hank Paulson testified Thursday in the third and final House hearing looking into the government's role in the Bank of America purchase of Merrill Lynch. Jim Lehrer discusses the hearings with Binyamin Appelbaum of the Washington Post.

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July 16, 2009
Report
Other News: Markets Advance, Auto Dealers Gain Congressional Support
In other news, Wall Street advanced on tech stocks, and House members introduced a proposal that would force GM and Chrylser to restore franchise agreements with auto dealers.

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July 16, 2009
Update
China Holds Workers, Stirring Diplomatic Spat
China's detention of four employees of the Australian mining company Rio Tinto on suspicion of stealing government secrets earlier this month has caused a stir on the global business front.


July 16, 2009
Update
China's Economy Rebounds With Sizable Growth
The Chinese government reported that the country's economy grew by 7.9 percent in the second quarter of this year, fueled by massive stimulus spending and more than $1 trillion in lending by state-run banks.


July 16, 2009
Update
Paulson Rebuts Congress' Rebuke on Bank Merger
Lawmakers grilled former Treasury Secretary Henry Paulson Thursday over the government's role in Bank of America's merger with Merrill Lynch, saying authorities withheld information about losses and intimidated bank executives into sealing the deal.


July 16, 2009
Blog
How is the U.S. Savings Rate Determined?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 15, 2009
Report
Other News: Markets Jump, Plane Crashes in Iran
In other news, large gains in the banking and tech sectors led markets higher, and a passenger plane crashed in Iran, killing all 168 people on board.

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July 15, 2009
Blog
Simon Johnson on Cap and Trade
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 15, 2009
Blog
Reader Response: What Will Drive America's Future Growth?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 14, 2009
Conversation
In Slumping Economy, a Shift in Shopping Habits
Economics correspondent Paul Solman speaks with author Paco Underhill about how consumer habits have changed during this recession.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


July 14, 2009
Report
Fallout Continues from California's Budget Woes
After failing to plug a $26 billion budget gap, California has begun sending out IOUs to cover its costs, but most banks are refusing to accept them. Spencer Michels reports on the ongoing financial crisis in the Golden State.

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July 14, 2009
Report
Other News: Obama Predicts More Job Losses, Helicopter Crashes in Afghanistan
In other news, President Barack Obama predicted job losses would likely continue to rise for the next few months, and six civilians working for NATO died in Afghanistan when their helicopter crashed.

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July 14, 2009
Blog
Simon Johnson on China and the U.S. Economy
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 14, 2009
Update
Goldman Sachs Reports Quarterly Profits of $3.4B
Just a month after paying back $10 billion in government bailout funds, Goldman Sachs reported impressive second-quarter earnings Tuesday, comfortably surpassing analysts' expectations.


July 13, 2009
Analysis
Union Leaders Press President Obama for More Support
Nearly a dozen union leaders met with President Obama Monday in an effort to gain support for key legislation now before Congress. Ray Suarez talks with experts about the bills and their potential impact on workers and employers.

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July 13, 2009
Report
Global Recession Impacts Dairy Prices, Farmers
Amid the economic slowdown, the dairy industry is being hit with high costs and lower profits, forcing many farmers to make tough decisions. NewsHour special correspondent Jeffrey Kaye looks at how some California farmers are responding to depressed global demand.

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July 13, 2009
Report
Other News: Markets Rise, Obama Resumes Push for Health Care Reform
In other news, the Dow Jones industrial average made significant gains after an analyst expressed optimism for the banking industry, and President Obama warned Congress not to delay or block passage of comprehensive health care reform.

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July 13, 2009
Report
Major Eurasian Pipeline Deal to Help Diversify Gas Supplies
The highly anticipated $11 billion Nabucco pipeline, connecting the energy-rich Caspian region to Eastern Europe, moved forward Monday when five countries signed an agreement in the Turkish capital Ankara.


July 13, 2009
Blog
Simon Johnson on Whether Wall Street Has Changed
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 13, 2009
Blog
Is California Printing Its Own Money?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 10, 2009
Analysis
Brooks, Marcus Mull Court Politics, Health Care Reform
Columnists Ruth Marcus and David Brooks discuss top political news, including next week's hearings on Sonia Sotomayor's Supreme Court nomination, the pace of health care reform and President Obama's trip abroad.

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July 10, 2009
Report
As G-8 Summit Wraps Up, Obama Heads to Ghana
Margaret Warner, who has been reporting on the scene of the G-8 summit, discusses the meeting's conclusion and President Obama's next stop in Ghana.

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July 10, 2009
Report
Other News: Markets Drop, Health Reform Meets Delays
In other news, the Dow Jones Industrial Average lost more than 36 points to close at 8146, and the push to overhaul the health care system ran into new delays in Congress.

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July 10, 2009
Newsmaker Interview
Post-Bankruptcy, GM CEO Pledges New Course
After the announcement that General Motors Corp. had completed its 40-day stay under bankruptcy protection, CEO Fritz Henderson speaks to Judy Woodruff about the company's goals for remaking the struggling auto maker.

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July 10, 2009
Update
Timeline: Big Three Automakers' Recent Troubles
Review some of the key developments and coverage of the auto industry's troubles over the past year in this timeline.


July 10, 2009
Blog
Staying Positive in a Down Job Market
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 10, 2009
Update
GM Emerges From Bankruptcy Protection Facing Tough Car Market
General Motors Corp. CEO Fritz Henderson announced Friday that the company emerged from bankruptcy and now begins the task of remaking the struggling American carmaker that was once the world's largest and most powerful.


July 10, 2009
Slide Show
For Inmates, Job Training for a Tough Market
At D.C.'s Central Jail, inmates nearing their release dates are poised to enter a difficult market. Some are receiving job training at a new employment readiness center.


July 10, 2009
Blog
By Saving on Cheap Goods and Services, Do We Pay More in the End?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 9, 2009
Report
Other News: Bombings Kill Nearly 60 Iraqis
In other news, nearly 60 Iraqis were killed in a series of bombings, and some two million Pakistani refugees will be allowed to return home after fleeing from a Taliban offensive.

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July 9, 2009
Blog
Why Do Tube Drivers Earn More than Bus Drivers in the UK?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 9, 2009
Blog
In Case You Missed It: Finding Work in a Down Market
Paul Solman got some perspective on the difficult job market from two very distinct groups: former executives and former prison inmates.


July 8, 2009
Analysis
Questions Surface on Impact of Stimulus Plan
Five months after President Obama signed the $787 billion stimulus package, some of the money has begun making its way to states. Experts measure the impact the funds have had on local communities.

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July 8, 2009
Report
At G-8, Small Steps on Emissions, Economic Recovery
Leaders of the Group of Eight industrialized nations gathered in Italy on Wednesday to assess risks to the global economy and other key issues at their annual meeting. Margaret Warner reports from the summit.

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July 8, 2009
Report
For Ex-Cons and Laid-off Execs Alike, Dim Job Hopes
In the next in his series on making sense of the financial news, economics correspondent Paul Solman reports on those in society -- such as executives or ex-convicts -- who are struggling to find employment.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


July 8, 2009
Report
Other News: Chinese Troops Move to Halt Ethnic Violence
In other news, Chinese troops moved into the Xinjiang Province to stop the ethnic rioting that has left 156 dead since Sunday, and North Korean leader Kim Jong Il has appeared in public for the first time since last April.

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July 8, 2009
Blog
Why Does the London Tube Charge More If You Use a Paper Ticket?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 8, 2009
Blog
The Cap and Trade Debate
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 7, 2009
Report
Other News: Stocks Drop on Economic Recovery Doubts
In other news, stocks dipped to their lowest levels in more than two months on doubts about the strength of the economic recovery, and the president of Costa Rica agreed to mediate the political crisis in Honduras.

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July 7, 2009
Blog
Send Robert Frank Your Questions
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 7, 2009
Blog
Why Is the iPhone on a Single Network?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 6, 2009
Report
Foreclosures in Wealthier Monied 'Burbs May Signal Trouble Ahead
As economists search for signs that the recession is abating, a look at the breakdown of foreclosures in Patchwork Nation's community types finds that a new wave may be impacting the U.S. differently and could stall recovery.

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July 6, 2009
Blog
Why Are Christmas Tree Stands Different in NYC?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 6, 2009
Update
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.


July 5, 2009
Blog
Reader Response: The Uncounted Unemployed
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 3, 2009
Analysis
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 3, 2009
Blog
Why Are Newspapers Sold in Vending Machines That Allow You to Take More Than One?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 2, 2009
Report
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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FUNDED IN PART BY: The Alfred P. Sloan Foundation


July 2, 2009
Report
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
Analysis
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
Blog
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."


July 2, 2009
Update
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.


July 1, 2009
Report
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
Report
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
Report
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
Blog
Why Do Brides Buy Dresses While Grooms Rent Tuxes?
Paul Solman answers your questions on business and economic news on "The Business Desk."


July 1, 2009
Update
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.

JUNE
June 30, 2009
Report
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
Blog
Why Do Drive-Up ATM Machines Have Braille Dots?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 30, 2009
Video
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.


June 29, 2009
Blog
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.


June 29, 2009
Report
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
Analysis
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
Report
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
Blog
What Do You Make of the Madoff Sentence?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 29, 2009
Update
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.


June 29, 2009
Blog
Guest Host: Robert Frank as the Economic Naturalist
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 26, 2009
Report
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
Report
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
Update
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.


June 26, 2009
Blog
Did U.S. Tax Policy Contribute to the Housing Bubble?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 25, 2009
Analysis
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
Report
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
Report
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
Blog
How Regulatory Reforms Will Affect Consumers (Cont.)
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 25, 2009
Update
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.


June 25, 2009
Blog
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."


June 24, 2009
Newsmaker Interview
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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FUNDED IN PART BY: Robert Wood Johnson


June 24, 2009
Report
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
Update
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
Update
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.


June 24, 2009
Blog
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.


June 23, 2009
Report
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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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 23, 2009
Report
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
Blog
What's the Relationship Between Inflation and Interest Rates?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 22, 2009
Report
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
Report
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
Analysis
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
Report
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
Update
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.


June 19, 2009
Blog
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."


June 18, 2009
Newsmaker Interview
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
Report
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
Blog
How Will the Regulatory Reforms Affect Consumers?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 17, 2009
Update
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.


June 17, 2009
Report
Jobless Find a Creative Voice in Southern California
In Southern California, a photographer has been documenting the stories of the jobless -- the irony being that he himself was laid off at the end of 2008. Spencer Michels reports on the stories behind the unemployed.

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June 17, 2009
Analysis
Obama's Regulatory Reform Plan Stirs Mixed Reaction
Gwen Ifill speaks with a banking expert and an economist about what the administration's plans for reforming financial oversight mean for businesses and consumers alike.

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June 17, 2009
Report
Other News: Chrysler to Reopen 7 Plants
In other news, Chrysler said it will reopen seven auto plants, and the National Security Administration's domestic surveillance program may have been broader than first realized, according to The New York Times.

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June 17, 2009
Newsmaker Interview
Regulatory Reform Plan Aimed at Protecting Larger Economy
President Barack Obama proposed a major overhaul of financial industry regulation Wednesday. White House adviser Christina Romer explains the administration's plans.

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June 17, 2009
Update
President Obama Seeks Overhaul of Financial Market Oversight
President Barack Obama proposed Wednesday sweeping changes to the way the government oversees financial institutions in an attempt to remedy the regulatory system that failed to detect the global economic crisis.


June 17, 2009
Blog
Will the Administration's Regulatory Overhaul Work?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 16, 2009
Report
Other News: Presidential Campaign Begins in Afghanistan
In other news, Afghanistan kicked off its two month-long presidential election campaign, and a U.S. soldier was killed in a roadside bombing about 230 miles southeast of Baghdad.

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June 16, 2009
Slide Show
Patchwork Nation's Community Types
Patchwork Nation is a NewsHour/Christian Science Monitor reporting project that explores what is happening in the United States by examining different kinds of communities over time. Project director Dante Chinni explains how America's 3,141 counties are divided into 12 types of communities.

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June 16, 2009
Blog
Why Doesn't Washington Simply Give Households Money to Stimulate the Economy?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 15, 2009
Report
Business Students Rethink Wall Street Plans
After the economic slump scuttled their plans to enter the financial sector, business students at Duke University look at different alternatives, such as graduate school, or rethink their career paths altogether. Judy Woodruff talks to some recent graduates in the second part of her Generation Next series.

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June 15, 2009
Report
Other News: North Koreans Protest New U.N. Sanctions
In other news, North Koreans turned out to protest tough new U.N. sanctions and U.S. Army Gen. Stanley McChrystal officially took command of U.S. and NATO forces in Afghanistan.

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June 15, 2009
Blog
Why Is the Cost of Gasoline Increasing?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 12, 2009
Report
Other News: Mosque Bombings Kill at Least 9 in Pakistan
In other news, two bombings at Pakistani mosques killed at least nine people and the U.N. Security Council expanded sanctions against North Korea.

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June 12, 2009
Conversation
Finance Fallacy: Stocks in the Long Run
Financial advice is often loaded with misconceptions and misinformation. In the latest edition of Finance Fallacy, Paul Solman and Boston University professor Zvi Bodie debunk the belief that investing in stocks is the safest, smartest route to financial security over the long run.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 12, 2009
Blog
Finance Fallacy: Stocks in the Long Run
Financial advice is often loaded with misconceptions and misinformation. In the latest edition of Finance Fallacy, Paul Solman and Boston University professor Zvi Bodie debunk the belief that investing in stocks is the safest, smartest route to financial security over the long run.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 12, 2009
Blog
Could the Government Limit the Number of Layoffs a Profitable Company Could Make?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 11, 2009
Report
'Frontline' Investigates Bank of America Deal
An excerpt on Frontline's upcoming report on Bank of America and the government's new role in the banking system, told from the perspective of CEO Ken Lewis and the financial reporters who covered the story.

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June 11, 2009
Report
Lawmakers Examine Bank Purchase of Merrill Lynch
Officials from the Treasury Department and Federal Reserve pressed Bank of America into purchasing Merrill Lynch last year, the bank's chief executive Ken Lewis told a House committee. Spencer Michels reports on the hearing.

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June 11, 2009
Report
An Overview of St. Lawrence County, N.Y.
St. Lawrence County is the largest land mass county east of the Mississippi, and its low population, around 110,000, makes it one of the most rural.


June 11, 2009
Update
Retail Sales Up for First Time in Three Months
Fewer Americans filed claims for unemployment benefits last week and retail sales grew in May for the first time in three months, raising expectations that the recession could be abating.


June 11, 2009
Blog
What Happens to California State Bonds if the State Goes Bankrupt?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 10, 2009
Analysis
Administration Proposes New Steps to Regulate Executive Pay
The Obama administration outlined a plan for new executive compensation regulations Wednesday, putting the politically charged issue of executive pay back in the spotlight. Analysts examine how more oversight will affect the industry.

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June 10, 2009
Report
Other News: Guard Killed at U.S. Holocaust Museum
In other news, an attacker shot and killed a security guard inside the U.S. Holocaust Memorial Museum in Washington, D.C., and at least 28 people were killed in a car bombing in Iraq.

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June 10, 2009
Analysis
After Chrysler Deal, Fiat to Face Tough U.S. Car Market
Chrysler finalized the sale of its assets to Italian automaker Fiat Wednesday after the Supreme Court cleared the way for the deal. Analysts examine the future for the newly merged company.

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June 10, 2009
Update
Administration Proposes New Regulations of Executive Pay
The Obama administration on Wednesday proposed new regulations for executive compensation at financial firms.


June 10, 2009
Blog
If China Pulls Away From the Dollar, What Happens to the U.S. Economy?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 10, 2009
Update
Chrysler Finishes Deal With Fiat After Court Strikes Down Request to Delay Sale
Italian automaker Fiat became the new owner of most of Chrysler's assets Wednesday, in a move that largely ends the U.S. company's bankruptcy process and staves off concerns about liquidating the company.


June 9, 2009
Analysis
Amid Rush to Repay Rescue Funds, Banks Face New Scrutiny
Big U.S. banks passed key government "stress tests" and are now working to repay federal rescue funds. Does that mean they're out of the woods and the government rescue plan worked? Financial experts offer insight.

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June 9, 2009
Report
Deciphering the Results of Banking 'Stress Tests'
NewsHour economics correspondent Paul Solman explains how stress tests played into the government's decision to let ten big banks pay the Treasury back for the money they received from the federal rescue.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 9, 2009
Report
Other News: Judge OKs Chrysler Dealer Closings
In other news, a bankruptcy judge approved the closing of 789 Chrysler dealership franchises, and on Wall Street, financial markets stayed relatively stable.

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June 9, 2009
Analysis
Treasury Clears 10 Banks to Repay $68 Billion in Bailout Money
Treasury Secretary Timothy Geithner faced lawmakers' questions after the announcement that ten large banks have been cleared to begin paying back billions of dollars in federal rescue money. Jeffrey Brown talks to Washington Post reporter Binyamin Appelbaum about the details.

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June 9, 2009
Update
Which Banks Are Repaying TARP Funds?
The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months.


June 9, 2009
Update
Ten Banks Allowed to Repay $68B in Bailout Funds
Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis.


June 9, 2009
Blog
If Banks Still Followed Mark-to-Market Rules, What Would Their Losses Look Like?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 8, 2009
Report
GM Woes Hit Close to Home for Young Graduates
In the first of a new set of reports for the Generation Next series, Judy Woodruff traveled to Detroit to profile recent graduates from a GM training program who are now facing the prospect of finding a new career.

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June 8, 2009
Report
Other News: Obama Touts Stimulus, Ruling Party Wins in Lebanon
In other news, President Barack Obama predicted stimulus funds will help create or save 600,000 jobs this summer and Lebanese election results show the ruling, pro-Western bloc beat back a political challenge from Hezbollah.

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June 8, 2009
Blog
How Do the Social Security and Medicare Trust Funds Work?
Paul Solman answers your questions on business and economic new on "The Business Desk."


June 5, 2009
Analysis
Fraud Charges Filed Against Countrywide Mortgage Chief
The Securities and Exchange Commission has filed civil fraud charges against Angelo Mozilo, head of the Countrywide Financial mortgage firm, for misleading investors about the company's lending practices. Analysts assess the case's impact.

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June 5, 2009
Report
Other News: General Motors Strikes Tentative Saturn Deal
In other news, General Motors Struck a tentative deal to sell its Saturn brand, and Brazilian investigators said the debris they discovered in the Atlantic Ocean was not from Air France Flight 447.

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June 5, 2009
Analysis
Unemployment Rate Hits 26-Year High, but Job Cuts Slow
Although the rate of U.S. job losses slowed in May, unemployment rose to 9.4 percent, the highest rate in 26 years. Economist Lisa Lynch explains the new job numbers.

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June 5, 2009
Update
Job Losses Slow, but Unemployment Hits 9.4%
Unemployment jumped to a 25-year high in May, according to new Labor Department numbers, but the rate of job losses slowed with 345,000 jobs lost last month, down from 504,000 in April.


June 5, 2009
Report
Strong Military Presence, Location Drive Hampton Roads Economy
Located in southeastern Virginia, Hampton Roads is one of the world's biggest and deepest natural harbors and home to the world's largest naval base at Norfolk.


June 5, 2009
Blog
What's Your Take on the New Unemployment Numbers?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 4, 2009
Report
Other News: 4 U.S. Soldiers Die in Afghanistan, Iraq
In other news, 4 U.S. soldiers were killed in Afghanistan and Iraq, and a Brazilian navy helicopter recovered the first wreckage from an Air France flight that was lost over the Atlantic Ocean Sunday.

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June 4, 2009
Blog
Which Taxes Offer an Opportunity to Be Progressive?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 3, 2009
Analysis
Analysts Weigh Economic Impact of GM Bankruptcy Filing
Analysts take a closer look at the deeper, long-term effects of General Motors' bankruptcy filing.

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June 3, 2009
Report
Detroit Feels Ripple Effects From GM's Bankruptcy
Economics correspondent Paul Solman talks to Detroit residents about the "collateral damage," or ripple effects, from General Motors' bankruptcy filing earlier in the week.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 3, 2009
Report
Other News: Fed Chairman Warns of Rising U.S. Deficits
In other news, Federal Reserve Chairman Ben Bernanke warned of the detrimental effects of long-term soaring deficits, and the Brazilian military found more wreckage from an Air France jetliner that disappeared over the Atlantic Ocean Sunday.

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June 3, 2009
Blog
Smart Design for a Complicated Crisis
A short and simple story of the credit crisis? Do you have 11 minutes? That's how long it takes designer Jonathan Jarvis to break down one of the most complicated financial news stories of the year in his video, "The Crisis of Credit Visualized."


June 3, 2009
Report
Familiar with Unemployment, Edgecombe County Weathers Recession
Unemployment rates of 8 percent and higher are uncharted territory for most communities across the nation, but in Edgecombe County, N.C., those sorts of numbers are familiar ground.


June 3, 2009
Report
Manufacturing Declines in St. Louis; Financial Industry Looks Promising
While Detroit gets most of the attention as the center of the American auto industry, the St. Louis area, which had prided itself in being the largest auto manufacturer outside of Detroit, is also taking a big hit.


June 3, 2009
Update
Obama Seeks Saudi King's Counsel on Eve of Address to Muslim World
President Barack Obama began his latest effort to open a dialogue with the Muslim world with a visit to King Abdullah of Saudi Arabia on Wednesday.


June 3, 2009
Blog
What's the Collateral Damage of GM's Bankruptcy?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 2, 2009
Analysis
Political Stakes High in GM Bankruptcy Plan
The political stakes are high for the Obama administration in guiding General Motors into bankruptcy -- and allowing the government to take a majority stake in the company. Analysts examine the political and economic implications of the decisions.

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June 2, 2009
Report
GM Making New Plans Under Reorganization
One day after General Motors filed for bankruptcy, the company is poised to sell its Hummer brand and make other changes as it attempts to reorganize itself. Jeffrey Brown reports.

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June 2, 2009
Blog
Geithner in China: How Is China Weathering the Economic Crisis?
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 2, 2009
Blog
Viewer Responses: Slamming Gettelfinger (And Us)
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 1, 2009
Report
In Detroit, Mixed Emotions Over GM's Bankruptcy Move
Paul Solman reports from Detroit on how General Motors' bankruptcy filing may impact different company stakeholders -- from union members to bondholders to car dealers -- and explains why the company chose reorganization over liquidation.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


June 1, 2009
Report
Other News: Markets Rise, 4 Soldiers Killed in Afghanistan
In other news, markets rose despite General Motors' bankruptcy filing, and four U.S. soldiers were killed in 2 separate roadside bombings west of Kabul.

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June 1, 2009
Report
After Bankruptcy Filing, Focus Turns to the 'New GM'
GM's bankruptcy will result in the federal government owning 60 percent of the newly restructured company. GM CFO Ray Young discusses the company's future.

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June 1, 2009
Blog
Retired Auto Workers Ask Union Chief Ron Gettelfinger Their Questions
Paul Solman answers your questions on business and economic news on "The Business Desk."


June 1, 2009
Update
GM Files for Bankruptcy Protection; Judge OKs Chrysler Asset Sale
General Motors, a longtime cornerstone of American industrial power, filed for bankruptcy protection Monday morning and embarked on a broad restructuring, paving the way for the struggling automaker to receive another $30 billion in taxpayer aid.

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May 29, 2009
Analysis
Sotomayor's Supreme Court Bid, GM's Future Top Week's News
Columnists Mark Shields and David Brooks analyze the news of the week, including President Obama's nomination of Sonia Sotomayor to the Supreme Court and GM's likely bankruptcy.

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May 29, 2009
Report
States Experiment with Controversial Taxes to Pay for Highway Construction
Some states are experimenting with controversial new taxes to pay for highway construction. Special correspondent Lee Hochberg reports from Oregon, where officials are looking into charging drivers a tax based on the number of miles they drive in lieu of a highly-debated gas tax.

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May 29, 2009
Report
Other News: GM Closes in on Restructuring Deadline
In other news, General Motors neared a deadline to submit a restructuring plan and markets rose at the close of the week on Wall Street.

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May 29, 2009
Blog
How Might GM's Bankruptcy Work?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 29, 2009
Blog
What Led to the High Interest Rates of the 1980s?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 29, 2009
Update
U.S. Economy Shrank 5.7% at Start of Year
The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be letting up.


May 28, 2009
Analysis
After Nine Years, Time Warner to Split From AOL
In a long-expected move, Time Warner announced plans to spin off AOL into a publicly traded company, ending their nine-year run together. A Washington Post reporter explains the company's move.

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May 28, 2009
Report
Chicago Transit Agency Gets An Upgrade Thanks to Stimulus Money
In Chicago, stimulus funds provide a transit agency with a much-needed upgrade. NewsHour correspondent Elizabeth Brackett reports.

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May 28, 2009
Newsmaker Interview
UAW's Gettelfinger Gives Union Take on Auto Deals
As GM moves closer to a reorganization plan, UAW President Ron Gettelfinger gives the union's perspective on the recent plans to boost the struggling auto industry.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 28, 2009
Report
Other News: Economic Reports Yield Mixed Results
In other news, the Labor Department reported that jobless claims fell, and orders for high-cost factory goods and new home sales rose in April.


May 28, 2009
Update
GM Bondholders Strike a Deal As Bankruptcy Deadline Looms
As a bankruptcy deadline looms for General Motors, major bondholders agreed to a deal that offers them a 25 percent stake in the company if they drop opposition to the company's reorganization plan. A reporter explains the negotiations.

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May 28, 2009
Blog
Preview: UAW Chief Ron Gettelfinger on the GM Deal
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 28, 2009
Blog
Which New Deal Projects Have Ended Up Costing a Bundle Down the Road?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 28, 2009
Update
As GM Deadline Nears, Bondholders Back New Stock Deal
General Motors said Thursday that a group of bondholders has accepted a sweetened deal that offers them up to a one-quarter stake in the company if they drop opposition to the struggling automaker's plans to reorganize.


May 28, 2009
Update
New Jobless Claims Fall, Manufacturing Orders Rise
In new signs that the recession may be ebbing, orders for big-ticket manufactured goods rose by 1.9 percent and the number of new jobless claims fell, although the number continuing to receive unemployment remained at the highest level since 1967.


May 27, 2009
Analysis
GM Bankruptcy Would Mark Milestone in Industrial America
After the rejection of General Motors' offer to trade bond debt for company stock, analysts consider what a GM bankruptcy says about the company and the auto industry generally.

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May 27, 2009
Report
News Wrap: GM Moves Closer to Bankruptcy
In the day's other news, General Motors moved one step closer to bankruptcy as bondholders rejected the company's offer to trade bond debt for G.M. stock, and Chrysler's lawyers asked a federal bankruptcy court to allow it to sell the bulk of its assets to Fiat.

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May 27, 2009
Blog
A Final Thought on the Andrews-McArdle Affair
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 27, 2009
Insider Forum
Pocket Change: Answering Your Finance Questions
In this forum on personal finance, economics correspondent Paul Solman and finance professor Zvi Bodie tackle viewers' questions on the safest way to invest retirement savings, what to do about mortgage insurance and the smartest moves for new graduates seeking jobs.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 27, 2009
Blog
Do Mutual Funds Count as Savings?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 27, 2009
Update
After Bond Deal Fails, Bankruptcy Likely for GM
An offer by General Motors to its bondholders to trade bond debt for company stock fell through just days before the company must submit a government-ordered restructuring plan.


May 26, 2009
Report
Community Health Care Centers Benefit From Stimulus
Two billion dollars in federal stimulus funds have been set aside for nearly 1,200 community health care centers around the country that treat mostly poor and uninsured patients. Betty Ann Bowser reports on how the influx of money has affected some of the centers.

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FUNDED IN PART BY: Robert Wood Johnson


May 26, 2009
Report
Other News: California Supreme Court Upholds Gay Marriage Ban
In other news, the California Supreme Court upheld the state's ban on gay marriage in a 6-1 decision, and U.S. consumer confidence soared to its highest level in May since last September.

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May 26, 2009
Insider Forum
Money, Morality and How We Make Economic Decisions
NewsHour economics correspondent Paul Solman recently sat down with behavioral economist Dan Ariely, who studies irrationality in economic decision making, to discuss why people cheat, the media's influence on markets and whether the public needs to see remorse on Wall Street.

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May 26, 2009
Blog
Is There Any Talk of Reinstating Glass-Steagall?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 25, 2009
Analysis
Summer Travelers Witness Another Rise in Gas Prices
As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up.

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May 25, 2009
Blog
Response to Andrews-McArdle
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 22, 2009
Report
Other News: Obama Signs Credit Card Reform Bill
In other news, President Obama signed a bill approving sweeping changes for the credit card industry aimed at helping cardholders.


May 22, 2009
Report
As Deadline Nears, GM May be Headed for Bankruptcy
Kwame Holman provides an update on reports that General Motors is likely to file for bankruptcy and that Chrysler is looking to conclude its bankruptcy proceedings.

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May 22, 2009
Blog
Ed Andrews Responds to Criticism in the Blogosphere
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 22, 2009
Blog
What Are the Chances the Government Will Profit on the Bank Bailouts?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 21, 2009
Report
For One Reporter, a Personal Journey Through the Mortgage Meltdown
In the latest report of his Making Sen$e series, Paul Solman talks to New York Times economics reporter Ed Andrews, who chronicles his personal tale of the mortgage crisis in "Busted: Life Inside the Great Mortgage Meltdown."

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 21, 2009
Report
Other News: FBI, New York City Police Foil Terror Plot
In other news, the FBI and New York City police foiled a terrorist plot to attack Jewish synagogues and a military plane, and three U.S. soldiers were killed in a suicide bombing in Baghdad.


May 21, 2009
Blog
How One Economics Reporter Experienced His Own Mortgage Meltdown
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 20, 2009
Debate
Miller Center Debate Focuses on Energy Policy
Christine Todd Whitman, James Woolsey, John Podesta and Karen Harbert recently debated energy policy and focused on the pros and cons of nuclear energy at the Miller Center of Public Affairs at the University of Virginia.

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May 20, 2009
Blog
Ask Behavioral Economist Dan Ariely Your Questions About the Economic Crisis and Human Behavior
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 20, 2009
Conversation
Behavioral Economist Examines Interplay of Money, Morality and Rationality
In the latest in economics correspondent Paul Solman's Making Sense series, behavioral economist Dan Ariely mulls decision-making mechanisms in finance and they ways in which many people rationalize their unethical actions.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 20, 2009
Analysis
Credit Card Industry Braces for Big Changes
Congress' credit card reform bill will prevent companies from arbitrarily raising interest rates, but it could also tighten available credit. A reporter explains the measure.

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May 20, 2009
Analysis
Gitmo's Closing, Financial Regulation Top Hill's Agenda
Lawmakers have been pushing through a busy agenda in recent days, debating issues from the closing of the Guantanamo prison facility to the legalities of carrying loaded guns into national parks. Political analysts Stuart Rothenberg and Amy Walter offer insight.

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May 20, 2009
Report
Congress Debates Gitmo Prisoners, Credit Cards, Guns
Kwame Holman reports on the day's Capitol Hill debates, which included resistance to the president's plan to close Guantanamo Bay and passage of a credit card reform bill to protect consumers that included a measure legalizing guns in national parks.

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May 20, 2009
Report
Other News: Baghdad Car Bombing Kills at Least 41 Iraqis
In other news, a car bombing in Baghdad killed at least 41 Iraqis, injuring 72 others. Also, Pakistan announced its capture of a major Taliban stronghold.


May 20, 2009
Update
What Congress' Credit Card Regulations Could Mean for Cardholders, Companies
After clearing Congress, the Credit Cardholders' Bill of Rights is headed to President Barack Obama's desk to be signed into law by the end of the month.


May 20, 2009
Blog
Why Were Banks Allowed to Bet on Derivatives?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 19, 2009
Report
California Voters Go to Polls on Budget Propositions
In California, voters are weighing in Tuesday on ballot measures related to the state's budget difficulties. Spencer Michels reports.

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May 19, 2009
Report
Other News: Senate Advances Credit Card Reform Bill
In other news, the Senate passed a credit card reform bill that is meant to protect consumers from unfair practices. Senate Democrats also voted to cut $80 million from a war funding bill intended to close the Guantanamo Bay prison.

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May 19, 2009
Update
Credit Card Regulations Easily Clear Senate Vote
Senators voted overwhelmingly Tuesday to stop credit card companies from arbitrarily raising cardholder interest rates and charging unexpected fees that have become customary -- and crippling - for cash-strapped consumers during this recession.


May 19, 2009
Blog
Why Are Credit Card Companies Raising Rates on Good Borrowers?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 19, 2009
Update
Obama Unveils Tougher Emissions Standards Plan
President Barack Obama outlined plans Tuesday for the nation's first wide-ranging effort to curb vehicle emissions while cutting U.S. dependence on foreign oil, calling the plan an historic turning point toward a "clean-energy economy."


May 18, 2009
Blog
How Does Cutting Dealers Save the Automakers Money?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 15, 2009
Update
Stimulus Funds May Lend New Gusto to Bike Share Programs
Bike share programs are known to benefit both the purse and the waistline and with new stimulus funding, they may also benefit Washington, D.C.


May 15, 2009
Slide Show
Washington D.C.'s Bike To Work Day 2009
As people look for ways to save money and conserve energy during the recession, cities across the U.S. hosted Bike To Work Day celebrations to encourage two-wheeled, human-powered commuting. In the nation's capital, the Washington Area Bicyclist Association expected 7,500 cyclists to participate.


May 15, 2009
Report
Other News: Markets Fall on Auto Dealership Closings
In other news, the markets fell on news of auto dealership closings, and consumer prices were unchanged in April.

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May 15, 2009
Analysis
Auto Dealership Closings Reverberate Across Economy
General Motors and Chrysler announced the closings of hundreds of dealerships in an effort to bring the companies back from the brink of bankruptcy. Analysts examine the impact of the moves.

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May 15, 2009
Update
GM Plans 18 Percent Reduction in Dealer Network
A day after Chrysler unveiled plans to close a quarter of its dealerships, General Motors followed suit Friday by telling about a fifth of its dealers their franchises will be terminated by late next year.


May 15, 2009
Blog
How Does Executive Pay Compare Around the World?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 14, 2009
Analysis
Analysts Mull Treasury's Calls for Derivatives Regulation
The Obama administration has called for Congress to tighten regulation on risky trade derivatives, the kind of complicated financial instrument that brought down insurer AIG. Analysts examine what the move means for financial markets.

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May 14, 2009
Report
Other News: House Approves Additional War Funding
In other news, the House approved another $97 billion in war funding for Iraq and Afghanistan through September, and House Speaker Nancy Pelosi again denied she knew about terror suspects being waterboarded amid mounting criticism.

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May 14, 2009
Report
Senate Moves Closer to Reining in Credit Card Companies
The Senate neared approval Thursday of a bill to rein in credit card companies, which could mean new rules will be in place by early next year. Ray Suarez reports.

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May 14, 2009
Update
Chrysler Looks to Slim Down Dealership Network
Embattled automaker Chrysler wants to shutter about 25 percent of its 3,200 U.S. dealerships by next month, stating in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.


May 14, 2009
Blog
What's the Story With Regulating Derivatives?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 13, 2009
Report
New 'New Deal' May Help Boost the Arts
In partnership with KQED in San Francisco, NewsHour correspondent Spencer Michels reports on the prospect for a new "New Deal" for the arts amid the economic downturn.

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May 13, 2009
Report
Other News: Treasury Calls for System to Track Financial Instruments
In other news, the Treasury Department called for a central electronic system to track risky financial instruments, including credit default swaps, and the Commerce Department reported retail sales fell for the second month in a row.

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May 13, 2009
Update
Treasury Seeks More Regulation of Risky Derivative Trades
The Obama administration is seeking new authority to oversee the virtually unregulated market for derivatives, a class of exotic financial instruments that includes the risky contracts that helped cripple insurance giant American International Group.


May 13, 2009
Blog
After Layoffs, More Time to Focus on Art
At the end of last year, Joe Claus was working at a small electronics company in Silicon Valley doing photography, marketing and design. And then he got laid off. But there was an unforeseen upside to his loss. No longer stuck behind a desk all day, he devoted more time to his photography.


May 13, 2009
Blog
Why Doesn't the Government Set Up a New Bank to Get the Economy Moving Again?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 13, 2009
Update
EU Levels $1.45B Fine on Intel for Sales Tactics
The European Union leveled a record $1.45 billion fine on the Intel Corporation Wednesday for using illegal sale tactics to shut out its competition in the computer chip business after an eight-year antitrust probe.


May 12, 2009
Report
Frontline Examines Role of Key Players in Madoff Affair
An accountant and his partner helped Wall Street financier Bernard Madoff recruit clients beginning in the 1960s. The NewsHour airs an excerpt of Tuesday's Frontline, which explores the role of some of the key players in the fraud scheme.

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May 12, 2009
Report
Recession Impacts Social Security, Medicare; U.S. Soldier Charged With Murder
In the day's top news headlines, new reports show the recession has cut into the Social Security and Medicare benefit programs, and a U.S. soldier accused of killing five comrades in Iraq was charged with murder.

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May 12, 2009
Blog
What's the Real Madoff Math?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 12, 2009
Update
Social Security, Medicare Weakened by Recession
The financial health of Social Security and Medicare, the government's two biggest benefit programs, has eroded amid the deep economic recession, according to reports released Tuesday.


May 12, 2009
Blog
Who Owns the Credit Card Companies?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 11, 2009
Blog
What's the Argument FOR Tax Havens?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 8, 2009
Analysis
Shields and Brooks Mull Economic Expectations, Afghan Policy
Columnists Mark Shields and David Brooks examine the outcome of the banking stress test results, U.S. policy toward Afghanistan and Pakistan and remember the life of Jack Kemp.

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May 8, 2009
Report
Black Unemployment in East St. Louis Highlights Disparities
Economics correspondent Paul Solman reports on the high unemployment numbers among blacks in East St. Louis, where painful memories of the Great Depression still persist.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 8, 2009
Report
Other News: Wall Street Rallies on Jobs Report
In other news, the markets rallied on the new jobs report released by the Labor Department and wildfires drove more than 20,000 people from their homes near Santa Barbara, California.

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May 8, 2009
Newsmaker Interview
Geithner Weighs Pace of Job Losses, Defends Stress Tests
Treasury Secretary Timothy Geithner defends the stringency of the banking stress tests and offers insight on the pace of U.S. job losses as unemployment reaches 8.9 percent.

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May 8, 2009
Report
U.S. Unemployment Climbs to 8.9%
Kwame Holman reports on the latest unemployment numbers and how the White House plans to aid the jobless.

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May 8, 2009
Update
Jobs Reports Shows Layoff Pace Slowed in April
The pace of layoffs slowed in April as employers cut 539,000 jobs, the fewest in six months, according to a Labor Department report released Friday. But the unemployment rate climbed to 8.9 percent, the highest since late 1983.


May 7, 2009
Analysis
'Stress Tests' Put Credibility of Banks, Regulators Back in Spotlight
On the day the government released better-than-expected stress test results for 19 major banks, a panel of economic analysts explain how the numbers were calculated and gauge the report's impact on the nation's financial health.

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May 7, 2009
Report
Other News: Pakistani Army, Taliban Fighting Intensifies
In other news, violent clashes between the Pakistani army and Taliban militants escalated in and around the Swat Valley as thousands of refugees fled the territory, and police in Afghanistan opened fire on a rally protesting recent U.S. air strikes that allegedly killed dozens of civilians.

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May 7, 2009
Analysis
Government 'Stress Tests' Find Big Banks Need $75 Billion
The U.S. Treasury released stress tests of 19 major banks, finding that they collectively need another $75 billion by November. A financial reporter explains the results.

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May 7, 2009
Update
'Stress Tests' Find 10 Big Banks Need $75 Billion
The Obama administration's much-anticipated "stress-test" results found that 10 of the nation's 19 biggest banks need a total of about $75 billion in new capital to withstand losses if the recession worsens.


May 7, 2009
Update
Business Media Ask Themselves: 'Did We Blow It?'
The business press convened in Denver recently to answer a key question: When it comes to coverage of the meltdown, did 9,000 journalists blow it?


May 7, 2009
Update
GM Reports Heavy Losses in the First Quarter
General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter.


May 7, 2009
Blog
What Is a Stress Test? Why Are They Being Done?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 6, 2009
Analysis
White House Hones its Strategy in Two-Front War
On the day President Obama met with the leaders of Afghanistan and Pakistan at the White House to discuss military and diplomatic strategy in combating the Taliban, two analysts assesses the obstacles standing in the way of stability in the region.

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May 6, 2009
Report
Other News: Iraqi Bombings Kill at Least 17; Maine OKs Same-sex Marriage
In other news, at least 17 civilians were killed in two separate bombings in Iraq, and the Justice Department is expected to recommend against prosecuting lawyers who authorized harsh interrogations.

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May 6, 2009
Blog
Are Examiners Preventing Banks from Lending?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 6, 2009
Slide Show
Mexico's Tourism in the Wake of H1N1
Businesses throughout Mexico City have taken a hit with the health regulations and temporary closing of shops and sit-down restaurants. But companies that make their money from international tourists worry that long after the flu scare is over they will still be having problems.

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May 5, 2009
Analysis
Glimmers of Economic Hope Emerge, But Tough Road May Remain
Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy should pull out of a recession and start growing again later this year. Financial analysts assess where the economy stands and how new job numbers may impact the picture.

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May 5, 2009
Report
Other News: Airstrikes Kill Civilians in Afghanistan
In other news, officials in Afghanistan said coalition air strikes killed at least 30 civilians on Monday, and police in Turkey arrested 11 people charged with carrying out a massacre at a wedding party.

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May 5, 2009
Report
As First American Dies From Flu, Mexico's Economy Reels
As word emerged Tuesday that the first American has died of the H1N1 flu, the virus appeared to be waning in Mexico. After the latest U.S. news, Ray Suarez reports from Mexico City.

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May 5, 2009
Analysis
Finance Fallacy: Saving vs. Investing
Understanding today's economy is hard enough without having to wrestle with popular misconceptions and misinformation. In a new series, Paul Solman and guests debunk the conventional wisdom to help make sense of our economic world.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 5, 2009
Insider Forum
Pocket Change: Answers to Your Finance Questions
In the first installment of Pocket Change, a regular forum on personal finance, NewsHour economics correspondent Paul Solman and finance professor Zvi Bodie tackle viewers' questions on credit unions, credit scores, and whether gold makes a good investment.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


May 5, 2009
Update
Benefits of Shutdown Debated as Mexico City Lumbers Back to Life
Senior correspondent Ray Suarez is in Mexico City to report on the H1N1 flu virus outbreak. In this reporter's notebook that he filed Monday, he reports on the huge city coming back to life after a days-long shutdown aimed at containing the outbreak.


May 5, 2009
Update
Fed Chair: Economy Should Grow Later in 2009
Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy should pull out of a recession and start growing again later this year.


May 5, 2009
Blog
Reader Response: Robert McElvaine on the Great Depression
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 4, 2009
Report
Alleged Ponzi Scheme Swindled Immigrants in Los Angeles
Amid growing complaints about Ponzi-type schemes in the wake of the Bernard Madoff scandal, a company in Los Angeles is alleged to have swindled investors out of millions. Special correspondent Jeffrey Kaye reports.

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May 4, 2009
Analysis
As U.S. Automakers Struggle, Fiat Seizes Expansion Opportunities
With designs for global expansion, Italian automaker Fiat plans to acquire part of the restructured Chrysler company and is moving to take over GM's European unit. A Business Week reporter explains Fiat's plan.

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May 4, 2009
Report
Other News: Obama Outlines Plans to Crack Down On Tax Loopholes
In other news, President Barack Obama announced a crackdown on tax loopholes designed to save jobs, and Iraq signaled it will not extend the June 30 deadline for U.S. troops to withdraw from Iraqi cities.

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May 4, 2009
Update
President Obama Outlines Plan to Close Tax Loopholes, Raise U.S. Revenue
President Barack Obama outlined a series of steps Monday aimed at overhauling U.S. tax policies that he says reward companies for shifting American jobs overseas and allow wealthy people to avoid paying taxes by using offshore accounts.


May 4, 2009
Blog
How Are Banks Profiting on Mortgage Refinancing?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 1, 2009
Report
For Those With Low Incomes, Help Creating a Credit History
Spencer Michels reports on a program that helps low-income people with no credit gain access to loans and financial counseling.

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May 1, 2009
Report
Other News: Chrysler Bankruptcy Hearings Begin
On other news, the Chrysler company's bankruptcy hearings got underway in New York City, and two U.S. marines and one sailor were killed in Iraq on Thursday.

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May 1, 2009
Blog
Is the Auto Crisis Just a Lack of Demand?
Paul Solman answers your questions on business and economic news on "The Business Desk."


May 1, 2009
Blog
How Do We Regulate Credit Rating Agencies?
Paul Solman answers your questions on business and economic news on "The Business Desk."

APRIL
April 30, 2009
Report
Other News: House Advances Credit Card Regulations; U.K. Troops End Iraq Mission
In other news, the House voted overwhelmingly to rein in credit card companies, and the Senate defeated a measure to give homeowners relief in federal bankruptcy court. In Iraq, British troops handed command of Basra to U.S. forces.

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April 30, 2009
Analysis
After Filing For Bankruptcy, Chrysler Faces Tough Road Ahead
Chrysler filed for federal bankruptcy protection Thursday and announced a new partnership with Italian automaker Fiat as part of a larger restructuring plan. Auto analysts assess the company's move and what it means for its workers.

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April 30, 2009
Slide Show
Business Incubator Helps St. Louis Startups Thrive
The BEGIN New Venture Center at the St. Patrick Center in St. Louis is one of more than 1,200 business incubators in the U.S. In addition to helping small businesses grow with financial aid and office space, it also works to help homeless and disadvantaged communities.

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April 30, 2009
Blog
Why Is the Gold Standard a Bad Idea?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 30, 2009
Update
Chrysler to File for Bankruptcy After Talks With Lenders Fail
Chrysler, the nation's third largest automaker, will file for bankruptcy after talks among the company's creditors crumbled, President Barack Obama said Thursday.


April 30, 2009
Blog
Reader Responses: The Paradox of Thrift
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 29, 2009
Report
Mo. Leaders Gauge President Obama's First 100 Days
Gwen Ifill moderated a town hall meeting in advance of President Obama's trip to St. Louis, asking local leaders and residents to assess his first 100 days as president.

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April 29, 2009
Report
Other News: House Passes $3.4 Trillion Budget Plan
In other news, the House adopted much of President Obama's budget Wednesday, and twin car bombings in Iraq killed at least 41 Iraqis.

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April 29, 2009
Blog
What Are Quants?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 29, 2009
Update
Economy Shrank by 6.1% in First Quarter
The Commerce Department released numbers Wednesday estimating the economy contracted during the first three months of the year at nearly the same rate as the final quarter of 2008, marking the third straight quarter of decline since the late 1950s.


April 29, 2009
Blog
Reader Responses: In St. Louis, Comparing the Stimulus to the New Deal
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 28, 2009
Report
Economy Top Concern in St. Louis as Obama Hits 100 Days
As part of this week's series of reports from St. Louis, Gwen Ifill speaks with city residents about the shape of the economy and how President Barack Obama has fared during his first 100 days in office.

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April 28, 2009
Update
Chrysler Deadline Nears as GM Looks to Downsize
After General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy, a New York Times reporter provides an update on Detroit automakers' latest efforts to stay afloat.

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April 28, 2009
Report
Other News: Sebelius Confirmed as HHS Secretary
In other news, the Senate voted to confirm Kathleen Sebelius as the next secretary of Health and Human Services, and lawmakers reached a pact that would endorse President Obama's budget agenda.

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April 27, 2009
Slide Show
Arts Help Anchor St. Louis Neighborhoods
Three arts and culture entrepreneurs in St. Louis talk about opening shop on Delmar Boulevard, and how investing in the arts can help revitalize neighborhoods.

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April 27, 2009
Analysis
In St. Louis, Unemployment Hits All Sectors
As part of a series of reports from St. Louis on President Obama's first 100 days, Gwen Ifill examines the unemployment picture in St. Louis and talks to local residents about their thoughts on the economy.

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April 27, 2009
Report
In St. Louis, Comparing Stimulus Funds to the New Deal
In the first in a series of reports from St. Louis on the Obama administration's first 100 days, Paul Solman tracks where federal stimulus money has been spent and compares today's projects with those funded by the New Deal during the Depression.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 27, 2009
Report
Other News: General Motors to Cut 21,000 Jobs
In other news, General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy.

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April 27, 2009
Slide Show
Reviving Downtown St. Louis
St. Louis, like many cities, has watched its downtown decline, but in the past ten years, business groups and the city have worked to revive the area and attract residents, restaurants and retail.

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April 27, 2009
Slide Show
The Lasting Legacy of the New Deal
New Deal programs built thousands of important structures across the United States, from major bridges, tunnels and roads to hospitals, schools and museums. As Washington again looks to fund large public projects as part of the stimulus plan, the Online NewsHour takes a look at some of the enduring investments of the New Deal.


April 27, 2009
Blog
St. Louis Arts Help Anchor Neighborhoods
Once upon a time, St. Louis's Delmar Loop used to be a fashionable shopping boulevard accessible by trolley car. But like many other great urban areas in the 1960s, white flight took a heavy toll on many St. Louis neighborhoods.


April 27, 2009
Blog
When Will Any Housing Recovery Reach Small Businesses and Contractors?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 27, 2009
Blog
How Does InBev's Purchase of Anheuser-Busch Affect St. Louis?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 27, 2009
Update
GM to Slash Factory Jobs, Eliminate Pontiac Brand
General Motors Corp. revealed restructuring plans Monday that include cutting 21,000 U.S. factory jobs by next year and phasing out its Pontiac brand.


April 24, 2009
Conversation
In Slumping Economy, a Shift in Shopping Habits
Economics correspondent Paul Solman speaks with author Paco Underhill about how consumer habits have changed during this recession.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 24, 2009
Analysis
Shields, Brooks Mull Torture Memos, Obama's Leadership
Columnists Mark Shields and David Brooks discuss the Obama administration's decision to release Bush-era memos on interrogation tactics and the shape of the president's first 100 days in office.

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April 24, 2009
Report
Corruption Case Exposes Scope of Bribery in Nigeria
Last year, Albert Jack Stanley, the former CEO of KBR, pleaded guilty to bribery for masterminding the payment of more than $180 million to Nigerian officials. PBS Frontline correspondent Lowell Bergmen reports on the damage done by large-scale bribery in that country.

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April 24, 2009
Report
IMF, World Bank Members Mull Third World Aid
International Monetary Fund and World Bank officials are meeting in Washington to discuss international efforts to combat poverty and aid development in the face of the global financial crisis. Members talk about their concerns and ideas.

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April 24, 2009
Report
Other News: Taliban Leaves Key District in Pakistan
In other news, Taliban militants in a strategically significant district of Pakistan left after the military threatened to use force against them and fighting continued between government troops and rebels in Sri Lanka's civil war.

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April 24, 2009
Blog
What Role Do Cultural Institutions Play During the Downturn?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 24, 2009
Update
International Monetary Fund Considers How to Help Poor Countries During Downturn
The International Monetary Fund meets this weekend in Washington, D.C., to consider how to use its lending power to help the world's economies -- particularly the world's poorest countries -- weather the current economic crisis.


April 24, 2009
Blog
How Does the Downturn Affect Urban Renewal?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 24, 2009
Update
Ford's $1.4 Billion Loss in First Quarter Better Than Expected
Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help.


April 23, 2009
Essay
Faces Behind the Unemployment Lines
Essayist Anne Taylor Fleming examines the sense of shame and anger that many who have lost their jobs feel as unemployment lines continue to grow.

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April 23, 2009
Analysis
Obama Calls for Reform of Credit Card Practices
President Barack Obama put his support Thursday behind a credit card law that will regulate the sudden rate increases and late fees that cause financial trouble for millions of consumers. A financial reporter mulls the state of U.S. credit and debt.

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April 23, 2009
Report
Other News: Jobless Claims Rise, Bombings Strike Iraq
In other news, the Labor Department reported more than 6 million Americans are now on jobless benefits and at least 78 people died in two separate suicide bombings in Iraq.

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April 23, 2009
Analysis
GM to Idle Plants as Auto Industry Faces Tough Choices
GM will close several plants for up to 10 weeks to help clear its inventory backlog. Analysts and local leaders mull the impact of the move and the industry's path forward.

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April 23, 2009
Update
General Motors to Idle Plants for up to 10 Weeks
General Motors said Thursday it will idle most of its U.S. plants for up to 10 weeks this summer, trimming some 190,000 vehicles from planned production. The shutdowns will help control high inventories and bring production in line with slower sales.


April 23, 2009
Blog
If GM Is Restructured, What Happens to Shareholders?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 22, 2009
Update
TARP Inspector Probes Bailout Fraud, Warns of Program's Pitfalls
Neil Barofsky, the special inspector general assigned to monitor the banking bailout, discusses his office's ongoing investigations into potential fraud in the TARP program and recent warnings on taxpayer risk.

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April 22, 2009
Report
Other News: IMF Warns on Health of Global Economy
In other news, the International Monetary Fund warned that the world economy will lose ground this year for the first time in nearly six decades, and the acting chief financial officer of mortgage giant Freddie Mac was found dead in an apparent suicide.

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April 22, 2009
Blog
Where Can I Find Updates on the U.S. Money Supply?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 22, 2009
Blog
How Significant Are the Latest Earnings from Wells Fargo?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 21, 2009
Report
Freight Train Network Suffers Lack of Modernization
Chicago has been a freight rail hub for the past 150 years, but an outdated layout often makes it a bottleneck for the country's shipping network. Special correspondent Rick Karr reports in the latest installment of the Blueprint America series on infrastructure.

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FUNDED IN PART BY: The Rockefeller Foundation


April 21, 2009
Report
Other News: Markets Rise on Geithner Remarks; Suspected Pirate Appears in Court
In other news, markets rose following Treasury Secretary Timothy Geithner's statement that the majority of banks are well-capitalized, a Somali teenager appeared in U.S. federal court on charges he helped hijack a U.S. ship, and President Obama left open the possibility of prosecutions for Bush-era officials.

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April 21, 2009
Report
TARP Report Warns of Taxpayer Risk in Bank Rescue Plan
The Special Inspector General for TARP said Tuesday that the Treasury Department should do more to safeguard taxpayer dollars in the banking rescue plan. Kwame Holman reports.

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April 21, 2009
Update
Geithner Signals Confidence in Banks' Reserves, Bailout Plans
Treasury Secretary Timothy Geithner faced new questions on the Obama administration's bank rescue on Capitol Hill Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global credit crisis.


April 21, 2009
Update
'Clean Coal' Debate Plays Out on the Airwaves
American television audiences are likely noticing a battle being waged during commercial breaks as millions of dollars are being spent on advertising to promote or denigrate a mysterious-sounding buzzword: clean coal technology.


April 21, 2009
Blog
If AIG Uses Its Bailout to Pay Off Other Debts, Is That a Ponzi Scheme?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 20, 2009
Analysis
Investigative Reporting Hard Hit by Media Cutbacks
Two media organizations won Pulitzer Prizes Monday for investigative reporting even as news organizations are being forced to cut back on such coverage. Two media analysts examine the future for investigative journalism.

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April 20, 2009
Report
Other News: Oracle Buys Sun Microsystems
In other news, Oracle bought the troubled Sun Microsystems company for $7.4 billion and a suicide bomber killed 3 Iraqi civilians and injured 8 U.S. soldiers in Iraq.

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April 20, 2009
Analysis
Banking Industry's Uncertain Future Puts Investors on Edge
Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector.

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April 20, 2009
Blog
How Should We Interpret the String of Positive Earnings Reports from U.S. Banks?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 20, 2009
Update
Bank of America Posts Better-Than-Expected Earnings
Bank of America, the largest U.S. lender by assets, reported that its income in the first quarter of 2009 more than tripled to $4.2 billion.


April 20, 2009
Blog
Who Pays the Rating Agencies?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 17, 2009
Analysis
CIA Interrogation Memos, U.S.-Cuba Relations Top Week's News
Columnists Ruth Marcus and Michael Gerson discuss the week's news, including the release of memos detailing CIA interrogation methods and the possibility of the U.S. and Cuba holding new talks.

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April 17, 2009
Report
Bolivia's Lithium Resources May Prove Hot Commodity
Bolivian leaders are debating whether the country's vast natural reserves of lithium -- a key ingredient powering electric cars -- should be nationalized in order to boost the nation's struggling economy. ITN's Channel 4 news correspondent Lindsey Hilsum reports.

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April 17, 2009
Report
Other News: NIH Issues Stem Cell Research Guidelines
The National Institutes of Health released new stem cell research guidelines Friday, and the U.S. ship captain taken hostage by Somali pirates returned to American soil.

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April 17, 2009
Blog
Why Doesn't the Yuan Trade Like Other Currencies?
Paul Solman answers your business and economic questions on "The Business Desk."


April 17, 2009
Update
EPA Report Marks First Step Toward Climate Change Regulations
Carbon dioxide and five other heat-trapping greenhouse gas emissions are a danger to public health and welfare, and possibly even national security, according to an Environmental Protection Agency scientific review released Friday.


April 17, 2009
Update
Global Recession, Drug Violence Top Summit of the Americas Agenda
The pressing issues of the global recession, Mexico's drug war and Cuba's conspicuous absence are expected to emerge during the fifth Summit of the Americans, which begins Friday in Trinidad and Tobago.


April 17, 2009
Update
Citigroup Posts Best Earnings Since 2007
Beleaguered banking giant Citigroup broke a year-long streak of staggering losses Friday when it posted a first-quarter net profit of $1.6 billion.


April 16, 2009
Analysis
Foreclosures Rise in New Sign of Housing Market Trouble
New government numbers show that home foreclosures increased 24 percent in the first quarter of this year as compared to the first quarter of 2008 as a voluntary foreclosure moratorium ended on March 31. Analysts discuss the data and the president's program to help troubled homeowners.

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April 16, 2009
Report
BeadforLife Program Helps Lift Ugandans Out of Poverty
A program that helps Ugandans sell beads in America has brought hundreds of families out of extreme poverty through a woman-to-woman network focused on sales at house parties and a Web store. Spencer Michels reports on the program and the people it helps.

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April 16, 2009
Report
Obama Visits Mexico, Housing Market Stumbles
President Barack Obama traveled to Mexico for talks with President Felipe Calderon and newly-released government data showed that new home starts fell more than 10 percent in March.

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April 16, 2009
Blog
Is Congress to Blame for Failing to Regulate the Financial Sector?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 16, 2009
Update
Housing Market Continues to Stumble
New home starts fell more than 10 percent in March, according to new government numbers released Thursday, while foreclosures surged 24 percent in the first quarter of the year.


April 15, 2009
Update
Public Insurance Concept May Prove Sticking Point in Health Care Reform
As the outlines of a health care reform package begin to emerge in Washington, one of the central dividing lines is quickly taking shape: whether the government will create a public insurance plan that would compete with private insurers.


April 15, 2009
Report
Paul Solman Breaks Down The 'Paradox of Thrift'
During the economic downturn, the American savings rate is rising fast, with some unexpected consequences. Paul Solman examines how the economy might suffer when thrifty consumers decide to save their money instead of spending it.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 15, 2009
Report
Other News: Markets Rise on New Signs of Growth
In the day's other news, the stock market rose on new signs of life in the recession-weary economy and Somali pirates unsuccessfully tried to attack another U.S. ship.

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April 15, 2009
Analysis
Amid Tax Protests, IRS Chief Details Efforts to Aid the Cash-strapped
IRS Commissioner Doug Shulman discusses efforts to alleviate the tax burden on Americans facing financial distress this year and explains why it will be hard to reform the tax code.

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April 15, 2009
Blog
Are Americans Becoming Savers?
Paul Solman answers your business and economic questions on "The Business Desk."


April 15, 2009
Blog
Can We Prepare for Inflation?
Paul Solman answers your business and economic questions on "The Business Desk."


April 15, 2009
Update
Tax Havens Hamper Development in Poor Countries
Tax havens are typically thought of as enclaves where the world's rich can shelter their fortunes from the prying eyes of governments. But citizens of developing countries may be tax havens' hidden victims.


April 15, 2009
Update
Consumer Prices Fall in March on Energy Costs
Consumer prices fell in March, the government reported Wednesday, indicating that weakened demand for goods and services during the economic downturn has kept a damper on energy and food costs.


April 14, 2009
Report
Solar Energy Industry Maintains Footing Amid Recession
Amid the economic slump, there may be a silver lining for solar energy businesses that have withstood the recession so far. NewsHour special correspondent Spencer Michels reports.

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April 14, 2009
Analysis
After Infusion of Aid, Some Banks Return Bailout Funds
As the government invests billions to shore up the financial sector, some banks are returning rescue funds earlier than expected. A banking chief and a reporter explain the latest.

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April 14, 2009
Report
Other News: Markets Fall, Somali Pirates Renew Attacks
In the day's other news, markets fell on news of poor retail sales in March, and Somali pirates attacked four more ships in the Gulf of Aden since the rescue of a U.S. sea captain Sunday.

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April 14, 2009
Report
Obama Voices Both Caution, Optimism on Economy
Retail sales in March showed the economy has not yet recovered on the same day President Obama delivered a speech cautioning Americans to be patient as the government tries to turn things around. Kwame Holman provides a report.

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April 14, 2009
Blog
Why Don't We Tax the Buying and Selling of Stocks?
Paul Solman answers your business and economic questions on "The Business Desk."


April 14, 2009
Report
Text: President Obama's Speech on the Economy
President Barack Obama delivered a speech on his economic agenda at Georgetown University in Washington on Tuesday. Following is the text of his remarks, as prepared for delivery and distributed by the White House.

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April 14, 2009
Update
Obama Says Economy 'Not Out of the Woods'
President Barack Obama renewed the case for his domestic and economic agenda on Tuesday, warning Americans eager for better news on the economy that "by no means are we out of the woods."


April 13, 2009
Analysis
As Newspapers Cut Back, Online Reporters Step In
Hard hit by declining readers and revenues, newspapers across the country are making cuts or shutting down altogether. Experts examine how new online sources of local news and reporting are gaining popularity as newspapers cut back.

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April 13, 2009
Report
Other News: Troops Crack Down on Thai Protests
Thai soldiers intensified their efforts to tamp down anti-government protests in Bangkok Monday, and Pakistan's president signed a regulation imposing Islamic Law in part of the country.

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April 13, 2009
Blog
Where Is the Bailout Money Hiding?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 10, 2009
Report
Dayton Arts Community Faces Struggle to Stay Afloat
The arts scene in Dayton, Ohio, has been feeling a financial pinch as the troubles of the "Big Three" U.S. automakers and other economic woes ripple through its community. Jeffrey Brown reports on Dayton arts organizations' struggle to survive.

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April 10, 2009
Analysis
Military Budget Changes, Same-sex Marriage Top Week's News
Columnist Mark Shields and editor Rich Lowry analyze the week's political news, including Defense Secretary Robert Gates' military budget priorities and two more states allowing same-sex couples to marry.

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April 10, 2009
Report
Questions Remain on Fate of Disputed Exec Bonus Pay
As frustration continues over extravagant pay to executives of companies receiving billions of dollars in taxpayer aid, Paul Solman travels to AIG headquarters and Washington to explore options for getting some of the money back.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 10, 2009
Analysis
Obama Optimistic, Yet Cautious on Economic Recovery Outlook
The president said Friday he saw "glimmers of hope" in increased lending to small businesses, but the economy was still under "under severe stress." Analysts discuss the signs of economic recovery and the road ahead.

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April 10, 2009
Blog
"We Want Our Money Back"
Paul Solman answers questions on business and economic news on "The Business Desk."


April 10, 2009
Update
Can Hollywood Help Rescue Michigan?
When filming "Gran Torino" in the Detroit area, Clint Eastwood called Michigan "the next film capital of the world."


April 10, 2009
Blog
Why Doesn't the Treasury Turn Over Banks to the FDIC for Inspection?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 9, 2009
Report
Other News: Obama Touts Mortgage Plan; Kim Jong-il Makes Rare Public Appearance
In other news, President Obama urged homeowners to take advantage of new programs designed to help them refinance their mortgages at lower interest rates. Also, Kim Jong-il accepted a third term as North Korea's supreme military leader.

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April 9, 2009
Blog
What Is the Rate of Hidden Unemployment?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 9, 2009
Update
Pirates Hold American Captain Hostage; Negotiations Continue for Release
Pirates that captured a U.S.-flagged ship Wednesday are still holding Capt. Richard Phillips hostage on a lifeboat after the American crew regained control of the ship.


April 8, 2009
Report
High-tech India Contrasts With Rural Ways
India has benefited from supplying other countries with outsourcing services from computer help to legal document analysis, while in other parts of the country poor farmers are struggling to make a living. NewsHour special correspondent Simon Marks reports on the two Indias.

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April 8, 2009
Report
Other News: Death Toll Rises in Italian Earthquake
In other news, the death toll from Monday's earthquake in central Italy continued to rise and a bomb near a sacred Baghdad shrine killed at least seven people and wounded 20.

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April 8, 2009
Video
Bad Economy Drives Young People Back to School
With the economy in the tank and the unemployment rate on the rise, young people are increasingly seeking refuge in graduate school. The Online NewsHour spoke with admissions faculty and students at several universities in the Washington, D.C., area to find out how students are shifting their expectations of the job market.


April 8, 2009
Update
Ship Hijacked off Somali Coast; U.S. Crew Believed to be Safe
The U.S.-flagged Maersk Alabama, a Danish-owned ship carrying relief aid to Kenya, was seized in the Indian Ocean off the coast of Somalia with 20 American crew members aboard.


April 8, 2009
Blog
How Does the Fed Prevent Hyperinflation When It Increases the Money Supply?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 7, 2009
Analysis
Americans' Attitude Toward Recession Shows Mix of Optimism, Despair
A new poll reveals that many Americans are more optimistic and confident about the general economy's recovery than they are about their own personal financial situations. The Hotline's Amy Walter assesses the new data.

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April 7, 2009
Report
In Famous Mumbai Slum, Redevelopment Plans Stir Controversy
Hundreds of thousands of Indian citizens are upset with the government's plans to level Mumbai's Dharavi Slum, the now-famous setting for the film "Slumdog Millionaire", to make way for commercial buildings and luxury housing. Simon Marks reports from Mumbai.

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April 7, 2009
Slide Show
India Seeks Higher Global Standing
As India seeks to improve its global standing, it must also deal with security issues following the Mumbai siege in November and fallout from its economic growth. View photos from a recent NewsHour reporting trip.


April 7, 2009
Forum
Hospital Tests 'Warranties'
A Pennsylvania hospital system is testing a new payment system -- a "warranty" model in which patients and insurers pay up front for an operation and any necessary follow-up care. A hospital executive and a health policy expert discuss the model, and other health policy innovations.


FUNDED IN PART BY: Robert Wood Johnson


April 7, 2009
Blog
Why Is Deflation Bad?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 7, 2009
Blog
Why Does the United States Have to Borrow Money From Other Countries?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 7, 2009
Update
Winners and Losers in Proposed Pentagon Budget
This week, Defense Secretary Robert Gates unveiled large proposed Pentagon budget cuts that would slash spending on missile defense and increase funding for new weapons systems designed to fight insurgencies.


April 6, 2009
Report
Other News: Obama Reaches Out to Muslim World
In other news, President Obama spoke to the Turkish parliament, urging better cooperation between the west and the Muslim world and a string of six bombings in Baghdad killed at least 36 people.

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April 6, 2009
Blog
Where Does Money Go When It's Taken Out of the Stock Market?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 6, 2009
Video
Video Collection: India's Global Ambitions
NewsHour special correspondent Simon Marks reports from India on economic, social and geopolitical developments in the country.


April 3, 2009
Report
Other News: Iowa Court Legalizes Same-Sex Marriages
Iowa's Supreme Court ruled that the state's ban on gay marriage is unconstitutional, and mortgage giants Fannie Mae and Freddie Mac will pay more than $210 million in bonuses through next year as an incentive to get more than 7,600 employees to stay.

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April 3, 2009
Analysis
Shields and Brooks on Economy's Moves, Obama's Trip
Columnists Mark Shields and David Brooks weigh the news of the week, including what new unemployment numbers say about the economy, tough talk on the auto industry and President Obama's trip to Europe.

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April 3, 2009
Report
Amid Downturn, Communities Sacrifice to Avoid Layoffs
Though the jobless rate continues to rise, workers across the country are making sacrifices to avoid more layoffs and "share the pain" of the economic slump. NewsHour business correspondent Paul Solman reports.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


April 3, 2009
Analysis
Jobless Rate Climbed to 8.5 Percent in March
The latest report from the Labor Department showed the unemployment rate climbed to 8.5 percent in March. Christine Owens, executive director of the National Employment Law Project, offers insight on the numbers.

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April 3, 2009
Blog
How Are You Sharing the Pain at Work During This Economic Downturn?
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 3, 2009
Blog
The Share Economy at Work
Paul Solman answers your questions on business and economic news on "The Business Desk."


April 3, 2009
Update
Unemployment Climbs to 8.5% in March
The nation's unemployment rate climbed to 8.5 percent in March, marking its highest level since 1983, as employers slashed a net total of 663,000 jobs, according to government figures released Friday.


April 2, 2009
Newsmaker Interview
Boehner Gives the GOP Take on Budget Plan, Government Spending
House Minority leader John Boehner offers the GOP view on President Obama's budget, and describes the House GOP's alternative proposal.

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April 2, 2009
Newsmaker Interview
Pelosi Details Partisan Wrangling Over Final Budget Blueprint
As Congress takes action on President Obama's budget plan, House Speaker Nancy Pelosi offers her perspective on lawmakers' spending priorities and how alternative budget proposals have fared in the debate.

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April 2, 2009
Report
Despite Adding Hours and Jobs, More Workers Unable to Sustain Themselves
In his latest coverage about people hit hard by the economic downturn, NewsHour correspondent Spencer Michels reports from Antioch, Calif., about the growing numbers of people who, despite taking on more hours at work or second jobs, are unable to make a sustainable living.

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April 2, 2009
Analysis
Change in Mark-to-Market Rules Could Have Big Impact on Banks' Balance Sheets
A key accounting standard was changed Thursday to allow banks more flexibility in mark-to-market rules, which help establish the value of assets. Analysts explain what impact this change in these rules could have for banks.

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April 2, 2009
Report
Other News: Jobless Claims Rise; FDA May be Allowed to Regulate Tobacco Products
The Labor Department reported another increase in new jobless claim benefits, and the House voted to give the Food and Drug Administration authority to regulate tobacco products for the first time.

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April 2, 2009
Report
G20 Leaders Pledge New Aid, Tighter Financial Controls
G20 leaders pledged aid to struggling countries and new controls on the financial system at the conclusion of their economic summit. Margaret Warner reports from London.

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April 2, 2009
Update
Obama Fields Questions After G20 Summit
After attending the G20 summit in London, President Barack Obama spoke briefly and answered some questions posed by the media. Here are his opening remarks as prepared for delivery:


April 2, 2009
Update
G20 Pledges New IMF Aid, Passes on Stimulus Moves
G20 leaders took big steps toward reforming a "failed regulatory system" that helped create the global economic crisis, President Barack Obama said after the summit concluded in London Thursday.


April 2, 2009
Blog
How Does the Student Loan Landscape Look?
Paul Solman answers questions on business and economic news on "The Business Desk."


April 1, 2009
Report
In Search of Safety Net, Freelancers Form Union
A former labor lawyer has organized freelancers into a union that offers affordable health insurance and other benefits. Spencer Michels continues his reporting on people hard hit by the economic downturn.

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April 1, 2009
Report
Other News: Auto Sales Plunge; Wall Street Bounces Back
Sales at Detroit's Big Three automakers dropped 45 percent from a year ago, and the markets rose slightly on good news in the housing and manufacturing markets.

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April 1, 2009
Report
Obama Works to Jumpstart G20 Agenda, Strengthen Ties
President Barack Obama met with Russian and Chinese leaders in London Wednesday as G20 leaders prepared to discuss the economic crisis. Margaret Warner reports from London.

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April 1, 2009
Update
Obama Meets With Russian, Chinese Leaders on Sidelines of G20
President Barack Obama met one-on-one with leaders from Russia and China in London Wednesday, announcing new cooperative efforts with each of the countries ahead of the G20 summit on the economic crisis.


April 1, 2009
Blog
Can a Bank with Toxic Assets Invest in the Toxic Asset Program?
Paul Solman answers questions on business and economic news on "The Business Desk."

MARCH
March 31, 2009
Report
Schools Cope With Rising Numbers of Homeless Students
Amid the economic downturn, schools are struggling to cope with a growing number of homeless children and families. Special correspondent John Tulenko of Learning Matters reports from Wisconsin.

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March 31, 2009
Analysis
G20 Leaders to Tout Competing Ideas on Recovery
Some European leaders are at odds with President Obama's economic agenda, which encourages more stimulus spending. Analysts assess the challenges at this week's G20 summit.

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March 31, 2009
Report
G20 Countries Seek Ways to Resolve Economic Crisis
President Barack Obama joined leaders of the world's most powerful and developing economies for the G20 economic summit in London Tuesday. NewsHour correspondent Kwame Holman reports.

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March 31, 2009
Report
G20 Leaders to Meet in London
Heads of state from the Group of 20, comprised of leaders from industrial and developing countries along with the European Union and other invited countries and organizations, will meet in London April 1-2 to discuss the global financial crisis.


March 31, 2009
Update
New GM CEO Predicts 'Deeper' Restructuring
The new chief of General Motors Corp. said Tuesday that the struggling automaker will likely shutter more U.S. plants and cut jobs as it embarks on a "deeper" company restructuring.


March 31, 2009
Blog
What's the Purpose of the G20 Meeting?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 30, 2009
Analysis
Bankruptcy Option Looms as U.S. Automakers Face Shaky Future
The Obama administration's call for drastic reforms of GM and Chrysler has sparked new debate on the future of Detroit's "Big Three" automakers. Analysts discuss what the restructuring effort may mean for the auto industry's future.

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March 30, 2009
Blog
Why Is the Trade Deficit Important?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 30, 2009
Analysis
Obama Unveils Tough Terms for GM, Chrysler Recovery Efforts
President Barack Obama outlined tough terms Monday for continued federal aid for ailing auto giants GM and Chrysler. White House adviser Austan Goolsbee, a member of the auto task force, details the plan.

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March 30, 2009
Update
GM CEO Ousted as Obama Details Auto Plan
After months of dire sales predictions and billions loaned in government aid, President Barack Obama laid out a series of tough terms for ailing U.S. automakers, including the ouster of General Motors CEO Rick Wagoner.


March 30, 2009
Blog
Will We Still Reject Materialism After the Downturn?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 27, 2009
Conversation
Historian Discovers Positive Lessons, Community Values From Great Depression
Great Depression historian Robert McElvaine found that economic downturns can lead people away from conspicuous consumption to a more community-oriented way of life.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 27, 2009
Analysis
Obama Banking Plan Focuses on Regulation, Credit Thaw
President Obama met with banking officials Friday at the White House to discuss financial strategies that will help unfreeze the credit markets and shore up capital. Analysts assess the plan and what it might mean for banks around the country.

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March 27, 2009
Report
Other News: N.D. Braces for Record Floodwaters
In other news, North Dakota's Red River Valley is facing potential record flooding as the river rose to its highest levels in recorded history, and the Dow Jones industrial average gained nearly 7 percent for the week despite closing Friday on a down note.

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March 27, 2009
Blog
Was Depression-Era Debt as High as It Is Now?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 27, 2009
Blog
Conversation: Robert Lynch, President, Americans for the Arts
Amid the economic downturn, many arts organizations around the country are feeling the hurt right now, along with everyone else. Jeffrey Brown talks to Robert Lynch, president of Americans for the Arts, about arts funding.

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March 27, 2009
Blog
How Can Assets Be Toxic If They Were Insured?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 26, 2009
Report
Seattle Coffee Company Uses Profits to Aid Bean Growers
Seattle-based coffee company Pura Vida's core mission is to help its bean growers in Central America improve their lives. NewsHour special correspondent Lee Hochberg reports.

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March 26, 2009
Report
Other News: Wall Street Surge Continues
In other news, the Dow Jones industrial average and the Nasdaq both made gains and computer giant IBM announced it will cut about 5,000 jobs from its U.S. workforce.

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March 26, 2009
Analysis
Geithner Details Plan for Major Federal Financial Regulation Reforms
Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role.

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March 26, 2009
Blog
Can Individual Investors Participate in the New Toxic Asset Plan?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 26, 2009
Update
Geithner Details Plan for Major Regulation Reform
Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role.


March 26, 2009
Blog
Who Was Buying Stocks as the Market Crashed?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 25, 2009
Newsmaker Interview
Australian Prime Minister Rudd Discusses Global Economy, War in Afghanistan
Australian Prime Minister Kevin Rudd met with President Obama and Secretary of State Hillary Clinton this week to discuss the global economic crisis and military strategy in Afghanistan. Rudd offers his take on these issues in an interview with Jim Lehrer.

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March 25, 2009
Report
Other News: Wall Street Rallies on New Economic Data
In other news, stocks rose on a Commerce Department report that orders for durable goods increased in February and news that new homes sales rose 4.5 percent.

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March 25, 2009
Analysis
Obama Makes Case for Budget, Congress Considers Cuts
Congressional Democrats outlined plans Wednesday to scale back the Obama administration's budget plan as the president visited Capitol Hill to drum up support. Reporters examine the politics at play.

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March 25, 2009
Blog
Can We Bring Back Jobs by Retooling Factories?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 25, 2009
Update
Why Use 100 Days to Evaluate a New President?
From rescuing the U.S. from a deepening recession to re-examining U.S. strategy in Iraq and Afghanistan, President Barack Obama has set a busy agenda -- earning praise from some and questions from others on its ambitious scope.


March 25, 2009
Update
After 6-Month Slide, Durable Goods Orders Jumped in Feb.
U.S. factories saw new orders for big-ticket manufactured goods rise unexpectedly in February following a record six months of decline, the Commerce Department reported Wednesday.


March 25, 2009
Update
Democrats Plan to Cut Billions From Obama's Budget Request
In budget blueprints they plan to formally release Wednesday, House and Senate Democrats said they plan to cut billions from President Obama's spending request while preserving some of his most significant domestic programs.


March 25, 2009
Blog
Can the Dow Fall Into Negative Numbers?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 24, 2009
Forum
The Fall of Bear Stearns
Long before the public learned that AIG and other financial institutions were taking huge risks with billions of dollars, there was some foreshadowing of what was to come on Wall Street.


March 24, 2009
Report
Other News: Wall Street Loses Some Gains
In the day's other news, Wall Street lost some of its gains from the previous day's trading and the Environmental Protection Agency issued a tentative finding stating that global warming is a threat to public health.

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March 24, 2009
Analysis
Calls Intensify for Expanded Financial Regulation
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress Tuesday on the flap over AIG bonuses and called for increased regulatory powers. Analysts assess the real-world impacts of strengthening financial regulation.

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March 24, 2009
Report
Geithner and Bernanke Testify on AIG, Regulation
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress on the administration's handling of executive compensation for companies receiving federal loans and asked for expanded federal regulatory powers. Jeffrey Brown reports.

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March 24, 2009
Blog
Who Qualifies as Middle Class These Days?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 24, 2009
Update
Geithner, Bernanke Testify Amid Bid to Calm Furor Over AIG
In an essay published Tuesday and Capitol Hill appearances, President Barack Obama and Treasury Secretary Timothy Geithner worked to cool anger over the bonuses paid to executives at rescued insurance giant American International Group.


March 23, 2009
Report
Glut of Foreclosed Homes Encourages Scams, Desperation
With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of "rent skimmers," people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in security deposits and fees. Special Correspondent Jeffrey Kaye reports from Los Angeles.

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March 23, 2009
Analysis
Toxic Asset Plan May Woo Investors, but Long-term Impact Is Unclear
While markets rose Monday on details of the toxic asset plan, critics voiced concern over taxpayer risk and the need for a long-term fix to financial sector troubles. New York Times columnist Paul Krugman and Donald Marron of Lightyear Capital debate the details.

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March 23, 2009
Report
Other News: Home Sales Rise, Mexico Drug War Escalates
In the day's other news, reports showing increased home sales helped fuel a rally on Wall Street and the Mexican government announced it will offer $2 million each for the arrest of 24 top drug lords in its latest effort to curb drug-related violence.

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March 23, 2009
Newsmaker Interview
Obama Team Launches New Plan to Buy Bad Assets From Banks
White House economic adviser Lawrence Summers details the Treasury Department's plan to clear "toxic" assets from banks through a combination of public and private investment.

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March 23, 2009
Blog
The Toxic Asset Plan Explained
Paul Solman answers questions on business and economic news on "The Business Desk."


March 23, 2009
Update
New Program Aims to Entice Private Investors to Help Banks
The Obama administration unveiled the latest program in its financial rescue plan Monday to draw private investors into a partnership with a new federal entity that could buy up troubled assets weighing down the nation's banks.


March 23, 2009
Update
New Program Aims to Entice Private Investors to Help Banks
The Obama administration unveiled the latest program in its financial rescue plan Monday to draw private investors into a partnership with a new federal entity that could buy up troubled assets weighing down the nation's banks.


March 23, 2009
Blog
Should the Government Break Up Big Banks Into Smaller Ones?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 20, 2009
Analysis
AIG Bonus Outrage, Deficit Complicate Obama Agenda
With Washington still railing against more than $160 million of bonuses at insurance giant AIG, Mark Shields and Byron York consider the impact of the furor and the new estimates of the growing federal deficit on President Obama's agenda.

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March 20, 2009
Conversation
Author Traces Demise of Bear Stearns in 'House of Cards'
Author William Cohen discusses his book "House of Cards," which tells the story of how investment banking giant Bear Stearns collapsed in 2008.

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March 20, 2009
Report
Students Voice Economic Woes, Catch Obama's Attention
High school students in Pomona, Calif., articulated the struggles of millions of Americans by making a video called, "Is Anybody Listening?" about the economic hardships they have faced. KCET's "SoCal Connected" examines their story, which ends with a visit by President Obama.

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March 20, 2009
Report
Other News: Wall Street Ends Second Week of Gains
In other news, Wall Street closed its second straight week of gains and President Obama reached out to Iranians through a taped video message encouraging public engagement and dialogue.

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March 20, 2009
Report
Federal Deficit Projected to Hit $1.8 Trillion
New figures released Friday by the Congressional Budget Office predict the federal budget deficit will hit $1.8 trillion in 2009, billions of dollars more than previous estimates several weeks ago. Kwame Holman reports.

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March 20, 2009
Blog
How Worried Are You About the National Debt?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 20, 2009
Update
Bleak Deficit Numbers Projected Under Obama's Budget Plan
The Congressional Budget Office released figures Friday forecasting that President Barack Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019 and that the deficit for this fiscal year will rise to a record $1.8 trillion.


March 20, 2009
Blog
Should the U.S. Adopt the German Auto Plan?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 19, 2009
Blog
Interest Rates on Credit Cards Are Up. Won't That Further Hurt Average Joes?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 19, 2009
Conversation
Germany Navigates Course Through Economic Slump
German economic minister Karl-Theodor zu Guttenberg speaks with Paul Solman about the country's view on economic stimulus measures and how Europe is handling the global financial crisis.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 19, 2009
Report
Other News: Treasury OKs Aid for Auto Parts Suppliers
In the day's other news headlines, the Treasury Department approved a $5 billion aid infusion for auto parts suppliers and jobless claims rose less drastically than expected.

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March 19, 2009
Analysis
Anger at AIG Continues as House Passes Tax on Bonuses
The House voted Thursday to impose a 90 percent tax on some bonuses at AIG and other bailout-funded companies. Editorial writers describe reaction to the controversy across the country.

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March 19, 2009
Blog
Last Run: Historic Baltimore Theater Closes
Hundreds of Baltimoreans grabbed seats Monday night at the historic Senator Theatre, but not to catch a movie. They were there to discuss the landmark's future. As of last weekend, the city's only single-screen movie house was forced to close its doors.


March 19, 2009
Report
Editorial Views on the AIG Bonus Backlash
Amid a public outcry this week over the payment of bonuses to executives at bailout-funded firm AIG, editorial pages and columnists across the country have also been weighing in on the issue. Read a roundup of some of those voices here.


March 19, 2009
Update
Q&A: The Path of Stimulus Funds to Local Projects
Grover "Russ" Whitehurst is a Brookings Institute Senior Fellow and a former official with the U.S. Department of Education. In this Q&A, he explains how the stimulus funds will make their way to local projects, particularly for school programs.


March 19, 2009
Update
House OKs Hefty Tax on AIG Bonuses
One day after American International Group Chairman Edward Liddy testified before angry lawmakers on Capitol Hill about company bonuses, the House of Representatives has approved a bill that would impose a 90 percent tax on big employee bonuses from firms bailed out by taxpayers.


March 19, 2009
Update
Concerns Emerge on Prevention of Stimulus Fraud
Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending.


March 19, 2009
Blog
Is the Federal Reserve Public or Private?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 18, 2009
Update
Obama Holds Town Hall in Costa Mesa, Calif.
President Barack Obama held a town hall meeting in Costa Mesa, Calif., Wednesday, where he spoke about the AIG controversy, his plan for the budget and economic recovery plans.


March 18, 2009
Conversation
Author Discusses Bankers' Role in the Great Depression
Author Liaquat Ahamed explores the role of bankers leading up to the Great Depression in his book, "Lords of Finance: The Bankers Who Broke the World."

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March 18, 2009
Update
Fed to Pump Another $1 Trillion Into Economy
The Federal Reserve announced Wednesday that it will devote another $1.2 trillion to unfreeze credit markets and help stimulate the sluggish economy. Greg Ip of The Economist provides details on the move.

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March 18, 2009
Report
Other News: Biden Urges Wise Use of Stimulus Funds
In the day's other news headlines, Wall Street rallied after the Fed announced more funds to stimulate the economy and Vice President Joe Biden warned county and city officials not to squander stimulus funds.

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March 18, 2009
Analysis
Outcry Over AIG May Pose Challenge to Obama's Agenda
President Barack Obama issued a new defense Wednesday in the firestorm over AIG bonuses as the AIG chief testified on Capitol Hill. Analysts offer insight on the political impact.

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March 18, 2009
Blog
How and Why Is the Fed Creating $1 Trillion?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 18, 2009
Update
AIG Chairman Liddy Heads to Capitol Hill
The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments.


March 18, 2009
Update
Madoff's Accountant Arrested on Fraud Charges
The longtime accountant for jailed swindler Bernard Madoff was arrested Wednesday and charged with fraud dating back 17 years for failing to conduct audits in what was may be the biggest investment fraud on Wall Street.


March 18, 2009
Blog
Why Are Pension Funds Investing in Hedge Funds?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 17, 2009
Conversation
Author Gage Discusses 'The Day Wall Street Exploded'
Author Beverly Gage discusses her book, "The Day Wall Street Exploded," which examines the fallout from a 1920 bomb attack that killed dozens of people and wounded scores more during lunch hour on Wall Street.

videoStreaming Video


March 17, 2009
Report
When the Government Writes Checks, Where Does the Money Come From?
With billions of dollars paid out or promised for financial industry bailouts and the stimulus bill -- and more requests on the way -- Paul Solman looks at where the government is getting the money to pay for the rescue measures.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 17, 2009
Report
Other News: New Home Construction Surges in Jan.; Caterpillar Plans Layoffs
Construction of new homes and apartments surged more than 22 percent in January, and the Caterpillar company plans to lay off more than 2,400 employees across five factories.

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March 17, 2009
Analysis
Calls Intensify on Capitol Hill to Recover AIG Bonuses
Lawmaker anger continued Tuesday over AIG's bonus payments, with some calling for recovery of the funds. Business writers weigh varying views on the bonus debate.

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March 17, 2009
Update
Government Furor Continues Over AIG Bonuses
As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company.


March 17, 2009
Update
New Home Construction Jumps as Wholesale Prices Edge Up
The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units.


March 17, 2009
Blog
How Do We Get Banks Lending Again?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 16, 2009
Analysis
As Newspapers Start to Fold, Industry Seeks Survival Plan
With record numbers of layoffs at newspapers around the country and some other publications, such as the Seattle Post-Intelligencer, moving entire operations online, industry professionals are struggling to find a new business model to carry them through the changing media landscape. Analysts discuss the situation.

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March 16, 2009
Report
Other News: Wall Street Dips, Pakistan Reinstates Judge
In other news, Wall Street fell short of extending an upswing for a fifth day and Pakistan moved to reinstate a top judge to curb a growing political protest.

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March 16, 2009
Analysis
Obama, Congress Blast AIG Plans for Employee Bonuses
AIG plans to pay millions in worker bonuses, a move that has angered lawmakers who have given the insurer bailout billions. Lawmakers weigh the options in dealing with AIG.

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March 16, 2009
Update
Obama Cites 'Outrage' Over AIG Bonuses as Insurer Details Bailout Recipients
President Barack Obama said Monday that he intends to stop AIG from paying out millions in bonuses as the troubled insurer detailed its use of billions in rescue funds. Find a chart of top recipients of the AIG bailout funds here.


March 16, 2009
Update
Obama Cites 'Outrage' Over AIG Bonuses
President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money.


March 16, 2009
Blog
Should the Stimulus Be Spent on R&D Instead?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 16, 2009
Blog
How Much Responsibility Do Boards of Directors Bear?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 16, 2009
Update
New Grads Increasingly Turning to Jobs in Service, Volunteer Sectors
With the nation's unemployment rising to a 25-year high this month and the financial sector in turmoil, job prospects look bleak for many college seniors set to graduate this spring.


March 13, 2009
Report
Economic Strategy, Stem Cell Policy Top Week's News
Columnists Mark Shields and Michael Gerson weigh the news of the week, including President Barack Obama's approach on the economy, his decision to lift restrictions on stem cell research funding, and more.

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March 13, 2009
Analysis
Debate Emerges Over Media's Role in Financial Meltdown
Comedian and "Daily Show" host Jon Stewart held a high-profile sparring match with CNBC's Jim Cramer this week over the cable network's coverage in the lead up to the Wall Street meltdown. A panel of business writers weighs the media's role in the economic crisis.

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March 13, 2009
Report
Global Financial Leaders Meet in London
Global Financial Leaders, including World Bank President Robert Zoellick and U.S. Treasury Secretary Timothy Geithner, are gathering in London for a G-20 summit and are expected to discuss global financial regulation and taxation issues. Faisal Islam of Independent Television News reports.


March 13, 2009
Report
Other News: OPEC Supply Cut Expected
In other news, OPEC is expected to decide to cut oil production at its upcoming European meeting Sunday and closing arguments began in the trial on the Minnesota Senate vote recount.

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March 13, 2009
Analysis
Markets Rise, but Confidence in Economy Still Lags
Wall Street marked its best run since November this week as President Obama worked to boost confidence in recovery moves. The Wall Street Journal's David Wessel offers insight.

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March 13, 2009
Blog
If China Is Worried About U.S. Debt, How Worried Should We Be?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 13, 2009
Update
Latin American Countries Worlds Apart in Economic Downturn
With the global economy in a tailspin, some Latin American countries are feeling the effects of slumping trade and a drop in remittances from people in the United States, while others appear to have been spared for now.


March 13, 2009
Update
China Voices Concerns on U.S. Investments as G-20 Summit Begins
China's Premier Wen Jiabao expressed concern Friday about China's massive holding of U.S. debt and Treasuries, appealing to U.S. leadership to make moves to restore economic health and insure the value of China's holdings.


March 13, 2009
Blog
Why Are So Many Companies Collapsing So Suddenly?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 13, 2009
Update
Stocks Continue Rally, End Best Week Since Nov.
U.S. stock markets added gains Friday after a mixed trading day, continuing their rare four-day rally and ending their best week since November.


March 12, 2009
Analysis
Spike in Foreclosures Reveals Continued Housing Trouble
Foreclosure filings continue to rise nationwide, with new data showing an increase of 30 percent in February from the same month one year ago. An analyst assesses the numbers and how they tie to the overall economic picture.

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March 12, 2009
Report
Other News: U.S. Markets Rally for Third Day
In other news, the Dow Jones industrial average gained 200 points as President Obama discussed his budget plans, and General Motors said it won't need an additional $2 billion in federal loans this month.

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March 12, 2009
Analysis
Madoff Pleads Guilty to Massive Wall Street Fraud
Bernard Madoff pleaded guilty Thursday to fraud charges totaling an estimated $65 billion. Analysts discuss the case and the prospects of victims recovering any money.

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March 12, 2009
Update
Madoff Pleads Guilty in Wall Street Swindle
Bernard L. Madoff pleaded guilty Thursday to 11 charges that he orchestrated what may be the largest financial fraud in Wall Street history, cheating investors out of billions of dollars in a fraud that has drawn demands for stricter regulations.


March 12, 2009
Update
Foreclosures Rise 6 Percent Between Jan., Feb.
Despite several major lenders and states halting foreclosures, the number of households threatened with losing houses jumped 6 percent in February after falling 10 percent in January, RealtyTrac announced Thursday.


March 12, 2009
Blog
How Are Losses on Mortgage Derivatives Calculated?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 11, 2009
Analysis
Banking Plan Aims to Combine Public, Private Funds
Treasury Secretary Timothy Geithner has said he is working on a plan to remove so-called "toxic" assets from banks by having the government partner with private investors to create special funds. Analysts discuss the pros and cons of the strategy.

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March 11, 2009
Report
Other News: Fatal Shootings in Alabama, Germany
In other news, an Alabama gunman killed 10 people before taking his own life, in what has become the state's biggest mass killing. In Germany, a teenage gunman killed 15 people before turning the gun on himself.

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March 11, 2009
Analysis
Earmarks to Bear Tougher Scrutiny Under Obama Plan
President Obama signed a $410 billion spending bill Wednesday, despite the fact that the bill contains the kind of earmarks he decried on the campaign trail. Congress watcher Norman Ornstein examines the issue.

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March 11, 2009
Update
Wal-Mart to Sell Digital Health Record Systems to Doctors
Wal-Mart Stores plans to enter the electronic health records market, company officials said Wednesday, bringing digital recordkeeping to physicians in small offices as well as large practices nationwide.


March 11, 2009
Blog
What Are Mark-to-Market Rules?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 11, 2009
Blog
What's Happening to Manufacturers Who Don't Lower Their Prices?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 10, 2009
Update
Madoff Expected to Plead Guilty as Details of Alleged Fraud Case Emerge
Lawyers for Bernard Madoff, who allegedly defrauded investors of nearly $50 billion, said that the former Wall Street financier would likely plead guilty to 11 criminal counts on Thursday. New York Times reporter Diana Henriques updates the story.

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March 10, 2009
Report
Some Public Transit Agencies Made Risky Financial Deals
Some public transport agencies engaged in a similar kind of financial risk-taking that has caused large banks and companies to fail and contributed to the global financial meltdown. Rick Karr reports in the latest installment of the "Blueprint America" series.

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FUNDED IN PART BY: The Rockefeller Foundation


March 10, 2009
Analysis
Bernanke Calls for Overhaul of Financial Regulations
Fed chief Ben Bernanke called Tuesday for a regulation overhaul to prevent future financial crises and monitor "too-big-to-fail" institutions. Analysts weigh the call for reform.

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March 10, 2009
Report
Other News: Obama Announces Education Plan
In the day's other news, President Obama outlined his education plan and at least 33 people died in a suicide bombing in Iraq.

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March 10, 2009
Report
Markets Rally, Bernanke Presses for Revamped Rules
Jeffrey Brown reports the economic news of the day, including the stock market's surge and Federal Reserve Chairman Ben Bernanke's speech on tightening federal financial regulations.

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March 10, 2009
Update
Bernanke Calls for Broad Overhaul of Financial Regulatory System
Federal Reserve Chairman Ben Bernanke said Tuesday that the country's financial regulatory system needs a broad overhaul to strengthen oversight of financial institutions whose failure would put the entire economy in danger.


March 10, 2009
Blog
Is It Realistic for the President to Cut the Deficit in Half?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 9, 2009
Report
Growing Ridership Strains Overburdened Transit Agencies
Public transit ridership is at a 50-year high, but the economic downturn is putting new pressure on already overburdened transit agencies. Special correspondent Rick Karr reports as part of the "Blueprint America" series on infrastructure, produced in collaboration with WNET New York.

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FUNDED IN PART BY: The Rockefeller Foundation


March 9, 2009
Report
Other News: Signing Statements Under Review, Economic Outlook Worsens
President Barack Obama ordered a review of the Bush administration's policy on presidential signing statements, and billionaire investor Warren Buffett made a stark assessment of economic conditions.

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March 9, 2009
Blog
What Are the Benefits of the Stock Market?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 9, 2009
Update
Merck/Schering-Plough Merger Would Create Second-Largest Drug Company
Two major pharmaceutical companies announced plans to merge Monday in a $41.1 billion cash-and-stock deal to form the world's second-largest prescription drug maker.


March 9, 2009
Blog
What's the Total Wealth of the United States?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 6, 2009
Slide Show
Young People in D.C. Struggle to Find Careers in Economic Downturn
The unemployment rate jumped to 8.1 percent in February as the economy shed another 651,000 jobs. Among the groups feeling the impact of the gloomy job market are young adults, for whom unemployment has meant moving in with family members and spending months on the job hunt.


March 6, 2009
Analysis
Shields and Brooks Mull Obama's Agenda, Economy's Troubles
Columnists Mark Shields and David Brooks weigh the week's news, including February's spike in unemployment, President Barack Obama's priorities amid the economic crisis and the debate over the future of the GOP.

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March 6, 2009
Report
Job Losses, Economic Realities Hit Home in Indiana City
Amid a deepening economic crisis, the unemployment rate in Elkhart, Ind., has skyrocketed to 18 percent as the town's manufacturing base has collapsed. Paul Solman reports on the town's tough economic times.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


March 6, 2009
Analysis
Unemployment, Underemployment Reading Tops 14%
The Labor Department's release of new unemployment numbers Friday had analysts comparing the job market in the current recession to the jobless rate in 1982. New York Times reporter David Leonhardt draws parallels from the past and assesses the current crisis.

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March 6, 2009
Report
Unemployment Rate Climbs to 8.1% in New Sign of Deepening Recession
The Labor Department reported Friday that the U.S. unemployment rate hit 8.1 percent, its highest rate in 25 years. Ray Suarez reports on the latest employment numbers, reaction from the White House and the impact on Wall Street.

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March 6, 2009
Blog
Does Negative News Contribute to the Downturn?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 6, 2009
Blog
Do We Need a Kinder, Gentler Bubble?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 6, 2009
Update
Unemployment Rate Soars to 8.1% in February
U.S. employers cut 651,000 jobs in February, the Labor Department reported Friday, pushing the nation's unemployment rate to 8.1 percent, the highest it has been since 1983.


March 6, 2009
Blog
Is Anyone Still Hiring?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 6, 2009
Update
Unemployment Woes Hit Cities, Suburbs Harder than Most of U.S.
As the country absorbs the newest round of national unemployment data Friday, the real-world effect in local communities is proving a mixed picture.


March 5, 2009
Report
Other News: Jobless Claims Drop, Homes Plan Advances
The number of U.S. workers filing for unemployment benefits dipped to 639,000 last week, and the House of Representatives moved forward on a bankruptcy home loan bill. Also, the president of Sudan expelled more aid organizations after the International Criminal Court issued an arrest warrant for him for war crimes.

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March 5, 2009
Update
Doubts Emerge on GM's Ability to Survive Without Broad Restructuring
The future of General Motors came into question Thursday as its own auditors raised doubts on whether it can survive without a major restructuring. NPR reporter Frank Langfitt provides an update on the automaker and its bid for more government aid.

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March 5, 2009
Update
Obama Holds Health Summit at White House
Looking to kick start his campaign to reform health care, President Barack Obama called health care leaders, practitioners and business owners to the White House Thursday to debate ideas for overhauling the nation's system.


March 5, 2009
Update
Report: GM's Survival in Doubt Without More Aid
General Motors acknowledged Thursday that its survival is in "substantial doubt" outside of bankruptcy unless it halts losses and stops burning cash, according to auditors.


March 5, 2009
Blog
What Would Happen if Washington Let Big Banks Fail?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 4, 2009
Report
Other News: Markets Rise, Bombing Targets U.S. Air Base in Afghanistan
World markets reacted positively to news of China's planned stimulus, and a suicide bomber targeted a U.S. air base in Afghanistan. Jim Lehrer recaps the day's other news headlines, including a report from Margaret Warner in Afghanistan.

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March 4, 2009
Report
Obama Vows to Cut Waste in Government Spending
Kwame Holman recaps the day's economic news, including President Barack Obama's new campaign against wasteful government spending and reactions to a plan for massive new spending on the economy.

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March 4, 2009
Update
New Details Emerge on Mortgage Relief Plan
The Obama administration on Wednesday announced new details on its $75 billion mortgage relief plan to help those in danger of losing their homes to foreclosure.


March 4, 2009
Blog
Does the FDIC Really Protect My Deposits?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 3, 2009
Debate
Debate Centers on Proposal to Create Jobs by Updating National Infrastructure
A debate at the Miller Center of Public Affairs at the University of Virginia focused on proposals to create jobs through an overhaul of the nation's infrastructure. Robert MacNeil moderated the discussion.

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March 3, 2009
Analysis
Europe Struggles for Consensus on Economic Recovery
Britain's Gordon Brown met with President Barack Obama Tuesday and urged international cooperation to stem the global economic crisis. Analysts examine Europe's financial fallout.

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March 3, 2009
Report
Government Officials Defend Economic Recovery Plans
Facing criticism from some lawmakers, government officials defended their economic recovery plans. Kwame Holman reports.

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March 3, 2009
Update
Obama, Brown Praise Relations, Assess the Economic Crisis
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.


March 3, 2009
Update
Reversing Bush Rule, Obama Resumes Safeguards for Endangered Species
President Barack Obama announced Tuesday that he wants federal agencies to resume full scientific reviews of projects that could harm endangered wildlife and plants.


March 3, 2009
Update
Bernanke Defends AIG Rescue, Urges Quick Moves on Economy
Federal Reserve Chairman Ben Bernanke advised moving "aggressively" to ease the economic crisis during testimony to lawmakers Tuesday while defending the government's latest moves to prop up troubled insurance giant American International Group.


March 3, 2009
Blog
What's the Significance of the Dow Dropping Below 7,000?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 3, 2009
Blog
Why Does AIG Need Yet Another Bailout?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 2, 2009
Analysis
Markets Plunge After Government Adds Billions to AIG Rescue
Stocks tumbled after the government expanded aid to struggling insurer American International Group and the company reported a huge quarterly loss. Analysts examine what this could mean for the broader financial outlook.

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March 2, 2009
Update
Government Expands AIG Rescue, Stocks Slump
The federal government said Monday that it would give floundering insurer American International Group access to an additional $30 billion in U.S. taxpayer money as part of a newly revamped rescue plan.


March 2, 2009
Blog
Do Slum Kids Stand a Chance in Our Global Economy?
Paul Solman answers questions on business and economic news on "The Business Desk."


March 2, 2009
Blog
Weekly Poem: 'Salvage'
Poet Laureate Kay Ryan reads "Salvage," a poem from her book, "The Niagara River."

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March 2, 2009
Blog
Why Don't We Offer Earlier Retirement Incentives to Open Up Jobs?
Paul Solman answers questions on business and economic news on "The Business Desk."

FEBRUARY
Feb. 27, 2009
Blog
What is the Process for the Reprivatization of Banks?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 27, 2009
Analysis
Shields and Brooks Weigh Obama's Troop, Budget Plans
Syndicated columnists Mark Shields and David Brooks examine President Obama's newly-announced plan to end the combat mission in Iraq and what the president's budget blueprint says about his administration's spending priorities.

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Feb. 27, 2009
Update
Government to Take Larger Ownership Stake in Struggling Citigroup
The Treasury Department and Citigroup announced a new plan Friday in which the government will take ownership in a larger portion of the company's stock. Washington Post reporter Binaymin Applebaum explains the move.

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Feb. 27, 2009
Report
Other News: Al-Marri to be Transferred to U.S. Civilian Court System
In Friday's other news, alleged al Quaida suspect Ali Al-Marri will be transferred to the U.S. civilian court system to stand trial after 5 years in a military brig and the Dow Jones Industrial and the Nasdaq each finished the week with a loss of at least 4 percent.

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Feb. 27, 2009
Update
Economy Shrank 6.2% at End of 2008, Fastest Since 1982
The U.S. economy contracted at a sharp 6.2 percent pace at the close of 2008, its worst showing since 1982, as exports plunged and consumers and businesses cut back spending.


Feb. 27, 2009
Blog
What Are "Targeted Jobs"?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 26, 2009
Analysis
Obama Places Health Care Expansion, Reform at Core of Budget Proposal
President Obama's $3.5 trillion budget plan sets aside billions of dollars to overhaul the U.S. health care system and provide coverage to more Americans. Susan Dentzer of Health Affairs and NPR's Julie Rovner examine the plan's specifics and its potential impact.

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FUNDED IN PART BY: Robert Wood Johnson


Feb. 26, 2009
Newsmaker Interview
Orszag Outlines Policy Priorities in Budget Blueprint
White House Budget Director Peter Orszag details the new $3.5 trillion budget plan, explaining how the Obama administration will balance policy priorities and an anticipated $1.75 trillion deficit.

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Feb. 26, 2009
Report
Other News: U.S. Jobless Claims Rise, Stocks Fall on Health Care Plans
In other news, the Labor Department reported that U.S. jobless claims rose to their highest levels since 1982 and markets fell on concerns that medical and drug companies would lose money under the president's new health care budget.

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Feb. 26, 2009
Report
Obama Administration Rolls Out $3.5 Trillion Budget Plan
President Obama's $3.5 trillion federal budget plan for the fiscal year includes both record spending and deficits for a wide range of programs, including health care, education and bank rescues. Kwame Holman reports.

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Feb. 26, 2009
Update
Seeking More Aid, GM Posts Massive 2008 Losses
General Motors Corp. announced Thursday that it lost nearly $31 billion in 2008, saying its auditors were likely to cast doubt on its viability as it seeks more federal aid to stay afloat.


Feb. 26, 2009
Blog
Will You Cover the Recession's Effects on the Arts?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 25, 2009
Newsmaker Interview
Geithner: Bank Nationalization Is the 'Wrong Strategy'
Treasury Secretary Timothy Geithner details the Obama administration's economic recovery plan and clarifies how the government plans to address the banking crisis.

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Feb. 25, 2009
Blog
What Would Be the Energy Cost of Electric Cars?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 25, 2009
Update
Wall Street Teeters, Obama Presses Economic Plan
Wall Street rang up fresh losses in early trading Wednesday as the Obama administration pressed its economic plan and moved forward with preparations to begin new "stress tests" on the banking system.


Feb. 25, 2009
Update
Former Washington State Gov. Gary Locke Tapped to Be Commerce Secretary
President Barack Obama announced his nomination of former Washington Gov. Gary Locke to be commerce secretary.


Feb. 25, 2009
Blog
Are We Overreacting to Unemployment Numbers?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 24, 2009
Analysis
Presidential Helicopter Expenses Highlight Federal Defense Procurement Flaws
President Obama has indicated that he may not seek upgrades to the presidential fleet of helicopters due to skyrocketing costs, an expense for which former President Bush had budgeted. An analyst assesses the rapidly rising prices charged by defense contractors.

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Feb. 24, 2009
Debate
As Banking Woes Grow, Debate Over Nationalization Intensifies
As turmoil continues in the U.S. banking industry, speculation is intensifying over whether the government should take larger ownership stakes in banks. Columnist Paul Krugman and former FDIC chief William Isaac weigh the pros and cons.

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Feb. 24, 2009
Report
Other News: Congress Demands Bank Repayment, Solis Confirmed as Labor Secretary
In Tuesday's other news, Congress demanded that Northern Trust bank repay some of the funds it received in federal rescue money after organizing lavish events and the Senate confirmed Hilda Solis as Labor Secretary.

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Feb. 24, 2009
Report
Obama Addresses Nation Amid More Grim Economic News
President Barack Obama addresses Congress and the nation Tuesday amid new testimony from Federal Reserve Chairman Ben Bernanke on the scope of the recession. Kwame Holman reports.

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Feb. 24, 2009
Blog
Is There a Connection Between Reducing Taxes and Creating Jobs?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 24, 2009
Update
Consumer Confidence Plunges to Record Low
A private research group announced Tuesday that consumer confidence sank to a record low in February. Meanwhile, Federal Reserve Chair Ben Bernanke told Congress the U.S. economy is suffering a "severe contraction."


Feb. 23, 2009
Blog
What Would My Investments Look Like if the Government Nationalized Banks?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 23, 2009
Analysis
Obama's Vow to Halve Deficit Puts Focus on Budget Plan
President Barack Obama cast a new focus on the budget deficit Monday, announcing a goal of halving the $1.3 trillion gap by the end of his first term. Analysts weigh the goal.

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Feb. 23, 2009
Report
Obama Pledges to Halve Deficit, Asks Governors to Spend Stimulus Responsibly
President Obama pledged today to halve the $1.3 trillion deficit by the end of his first term and spoke to Governors at a summit, urging them to use the federal stimulus money responsibly in their states. Kwame Holman reports.

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Feb. 23, 2009
Analysis
Regulators Signal New Moves for Shoring Up Banks
Federal regulators vowed Monday to assist struggling banks by increasing the government's ownership stakes while an Obama spokesman said the president supports a private banking system. A financial reporter discusses the deepening crisis amid large market losses.

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Feb. 23, 2009
Update
Obama Strives for Long-term Fiscal Fix at Summit
President Barack Obama took a step toward cutting the nation's budget deficit at a White House summit, a difficult task facing the new president a week after he signed a $787 billion stimulus bill.


Feb. 23, 2009
Update
Keynes' Economic Theories Re-emerge in Government Intervention Policies
Amid a flurry of activity by the Obama administration to help lift the economy out of recession, the ideas of the late renowned British economist John Maynard Keynes on the government's role in helping ease an economic crisis are in the spotlight.


Feb. 23, 2009
Update
Regulators Move to Revamp Program to Boost Troubled Banks
Federal regulators said Monday they are prepared to launch a revamped program to bolster troubled U.S. banks, including the option of increasing government ownership in financial institutions.


Feb. 23, 2009
Blog
Will the Next Generation Be Better Off?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 20, 2009
Analysis
Shields and Brooks Mull Economic Woes, Obama's Plans
Columnists Mark Shields and David Brooks discuss the week's news, including reaction to President Barack Obama's economic recovery efforts and what role the government should take in easing the financial crisis.

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Feb. 20, 2009
Update
Investigators Probe Fraud Allegations Against Financier
Billionaire financier Allen Stanford is accused of swindling investors out of billions. Wall Street Journal reporter Glenn Simpson gives an update.

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Feb. 20, 2009
Report
Some Find Silver Lining in Dark Economic Cloud
The economic downturn isn't all bad for everyone. Paul Solman reports on some Americans who have seen their quality of life increase.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Feb. 20, 2009
Analysis
Investors' Hopes for Turnaround Dim as Markets Plummet
As fears over the economic crisis continue to erode investors' confidence, markets at home and abroad are feeling the effects. Financial analysts discuss how the markets relate to the realities of the economic turmoil.

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Feb. 20, 2009
Report
Other News: New Details on Madoff, Clinton Tours Asia
Accused Wall Street investor Bernard Madoff may not have bought securities for customers in 13 years, and Secretary of State Hillary Clinton called for pragmatic diplomacy in China.

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Feb. 20, 2009
Report
Stocks Markets Plummet Further in U.S. and Abroad
Global markets sank and the Dow Jones industrial average sank to a six-year low on fears over bleak job reports and the fragile state of the economy. Kwame Holman reports.

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Feb. 20, 2009
Blog
Web Extras: Upside of the Downturn
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 20, 2009
Update
World Markets Slide Over Ongoing Economic Woes
Continuing concerns over the depth and breadth of the economic meltdown rippled through world markets Friday, pushing U.S. stocks to extend deep losses and sending overseas markets tumbling.


Feb. 20, 2009
Blog
Why Can't We Make Better Economic Predictions?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 19, 2009
Blog
Web Extra: Finland's Unusual Take on the Recession
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 19, 2009
Conversation
The Amazing Adventures of 'Savings Man'
In the latest of his series of reports on the financial crisis, Paul Solman speaks to the founder of an organization funding creative public service ads on saving money.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Feb. 19, 2009
Analysis
Public, Bankers, Analysts Debate Merits of Obama's Foreclosure Plan
Reaction in the banking world and among the public to President Barack Obama's plan to ease home foreclosures has proven mixed. Analysts debate the plan's merits and examine what the measure may mean for homeowners and lenders.

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Feb. 19, 2009
Report
Hanesbrands Relocates Manufacturing to Asia
Hanesbrands underwear company has closed 30 plants in North and South America, putting thousands out of work, while relocating its factories to Asian countries. Jeffrey Kaye of KCET-Los Angeles reports.

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Feb. 19, 2009
Analysis
In Bad Economy, Countries Contemplate Protectionist Measures
Across the globe, many countries are taking protectionist measures to buffer national economies from the ongoing economic downturn. Experts debate the potential effects of a trend toward protectionism.

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Feb. 19, 2009
Report
Other News: Stocks Sink, California Approves Budget
Stocks plummeted after bleak unemployment and manufacturing reports, and the California legislature approved and sent a budget to Gov. Arnold Schwarzenegger after a long political deadlock. Jim Lehrer recaps the day's other news headlines.

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Feb. 19, 2009
Blog
Stanford Group Leaves Houston High and Dry
This week the SEC charged Texas banking billionaire R. Allen Stanford with over $8 billion in fraud, while in Houston, where Stanford is based, at least one arts group is wondering whether it will continue to benefit from Stanford's generosity.


Feb. 19, 2009
Update
After Long Battle, Calif. Budget Heads to Governor
The California Assembly approved the state's long-awaited budget, sending the package to Gov. Arnold Schwarzenegger after several all-night sessions and political concessions.


Feb. 19, 2009
Blog
Why Should We Save Big Banks?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 18, 2009
Newsmaker Interview
Obama's Mortgage Plan Marks Next Step in Recovery Effort
One day after signing the stimulus bill, President Barack Obama unveiled a plan Wednesday to stem the foreclosure crisis. White House adviser Lawrence Summers offers insight on the recovery strategy.

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Feb. 18, 2009
Report
Other News: Markets Flat, Calif. Budget Deal in Peril
In Wednesday's other news, Wall Street was flat, and controversy in the California state Senate has endangered a fragile deal over the state's budget crisis.

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Feb. 18, 2009
Report
Obama Unveils Plan to Curb Home Foreclosures
President Barack Obama unveiled a $75 billion plan to ease the mortgage crisis that helped trigger the country's economic crisis. Kwame Holman reports on the president's announcement and other economic news of the day.

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Feb. 18, 2009
Blog
What Causes Mortgage Rates to Rise and Fall?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 18, 2009
Update
Obama Unveils $75 Billion Mortgage Plan
One day after signing a $787 billion stimulus bill into law, President Barack Obama outlined a $75 billion plan to help stem foreclosures, which is at the heart of the nation's deepening economic woes.


Feb. 18, 2009
Blog
At What Point Does Increasing Productivity Damage a Consumption-Based Economy?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 18, 2009
Update
GM, Chrysler Paint Dire Picture in Plea for More Federal Aid
Nine weeks after automakers made their first plea to Congress for emergency aid, General Motors and Chrysler submitted new restructuring strategies and requests for additional federal funds that could bring the government's total tab to $39 billion.


Feb. 17, 2009
Analysis
Amid State Struggles, Calif. Faces Deep Budget Shortfall
As the stimulus goes into motion, states around the nation are facing budget shortfalls. California is facing a particularly dire situation, with thousands of jobs on the line.

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Feb. 17, 2009
Report
Other News: Automakers Race to Submit Restructuring Plans, Stocks Sink
In Tuesday's other news, automakers raced to submit new restructuring plans and U.S. markets tumbled further on worries about the auto industry and the deepening recession.

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Feb. 17, 2009
Report
Obama Signs Economic Stimulus Package Into Law
President Barack Obama signed the landmark $787 billion economic stimulus package Tuesday. Kwame Holman reports on the president's latest efforts to communicate his economic plans in visits to cities around the country.

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Feb. 17, 2009
Update
Facing Budget Deficits, States Eye Stimulus Funds
As governors and state legislatures examine the economic stimulus bill President Obama plans to sign Tuesday, they are assessing whether it could help them avoid raising taxes, cutting jobs or scaling back programs to close growing budget deficits.


Feb. 17, 2009
Blog
Should the Government Spend or Give Out Tax Cuts?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 16, 2009
Conversation
At Age 112, Montana Resident Reflects on More Than a Century of Changes
Born in 1896, Walter Breuning of Great Falls, Mont., is the oldest living man in the United States. Breuning discusses his lifetime spent working for the railroads and the changes he has witnessed.

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Feb. 16, 2009
Report
Foreclosure Crisis in California Devastates Some Neighborhoods
In California, one in 25 homes faces foreclosure. Areas such as Inland Empire, known as "the affordable Orange County," are particularly hard-hit. KCET's "SoCal Connected" program reports on the crisis.

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Feb. 16, 2009
Report
Other News: California Fails to Resolve Budget Crisis, Burris Denies Dishonesty
In the day's other news headlines, California lawmakers failed to resolve the state's budget crisis, and Sen. Roland Burris, D-Ill., denied any dishonesty over his contacts with ousted Illinois Gov. Rod Blagojevich.

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Feb. 16, 2009
Analysis
States Hope Stimulus Will Boost Sagging Local Economies
With state officials scrutinizing the stimulus plan for funding they hope will revive regional economies, four business writers examine what the real impact may look like.

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Feb. 16, 2009
Report
Global Markets Sputter as U.S. Focuses on Stimulus
The economy continued its decline, with Japan reporting a worse recession than in Europe and America. Tom Bearden gives an update on the world economic outlook.

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Feb. 16, 2009
Blog
Why Won't Banks Lend Money?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 16, 2009
Update
Obama to Drop Plan for Auto Industry 'Car Czar'
One day before General Motors and Chrysler are required to submit restructuring plans to Congress, it was widely reported that President Barack Obama has decided to scrap plans to appoint a "car czar" who would oversee the automakers' restructuring.


Feb. 16, 2009
Slide Show
At D.C. Car Show, Mixed Views on the Future of the Auto Industry
When they received emergency federal funding late last year, General Motors and Chrysler agreed to submit updated business plans to the new Obama administration in mid-February. At the recent Washington Auto Show, the chairman and several attendees detail what they expect of the automakers, the unions, consumers and Congress.


Feb. 13, 2009
Conversation
Society's Ability to Weather Crisis Largely Depends on Leaders' Positions
Nations with leaders who are keenly affected by their own decisions may weather crises better than those whose leaders are further removed, according to author Jared Diamond. Diamond discusses his new book "Collapse: How Societies Choose to Fail or Succeed" with NewsHour Business correspondent Paul Solman.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Feb. 13, 2009
Analysis
Stimulus Battle, Obama Cabinet Top Week's News
Columnists Mark Shields and David Brooks mull the political news of the week, including the battle in Congress over the stimulus bill and Sen. Judd Gregg's decision to drop his bid to become the Obama administration's commerce chief.

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Feb. 13, 2009
Report
Other News: New York Plane Crash Kills 50, Markets Fall on Economic Doubts
In Friday's other news, a commuter plane crash killed 50 near Buffalo, New York and the Dow Jones Industrial Average had its lowest finish since last November.

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Feb. 13, 2009
Analysis
Final Stimulus Package Aimed at Jolting Sluggish Economy
The stimulus bill neared final approval in Congress Friday after weeks of tough debate. After a recap of the developments, Obama economic adviser Christina Romer discusses the plan.

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Feb. 13, 2009
Blog
Mich. Budget Would Eliminate Arts Funding
When Michigan Gov. Jennifer Granholm announced her 2010 budget proposal Thursday, there was something missing: money for the arts. The cut comes at a time when arts organizations are already struggling to make up for millions lost in corporate donations, foundation support and endowments.


Feb. 13, 2009
Blog
If Our Economy is More Global, Does That Change Our Strategies?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 13, 2009
Blog
Latest Stimulus Package Restores Arts Funding
The House of Representatives approved a compromise $787 billion economic stimulus package Friday afternoon that would provide $50 million to the National Endowment for the Arts for projects across the country.


Feb. 13, 2009
Blog
Should the Government Give Money to Consumers to Pay Off Credit Cards, Mortgages?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 12, 2009
Report
Other News: Wall Street Slumps, Satellites Collide
In Thursday's other news, stocks fell on Wall Street and a Russian and U.S. satellite collided over Siberia in the largest accident of its kind.

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Feb. 12, 2009
Analysis
Bipartisan Buy-in on Final Stimulus Bill Could Hinge on Jobs
Lawmakers continued Thursday to nail down the details of the economic stimulus bill in a push toward a final vote. Google CEO Eric Schmidt and Minnesota Gov. Tim Pawlenty examine the bill's effectiveness and react to news of Judd Gregg's withdrawal from the Cabinet.

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Feb. 12, 2009
Blog
How Do We Rebuild the Middle Class?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 12, 2009
Update
More Satellite Collisions Could Occur, Experts Say
As space officials continued to track the debris fields created by Tuesday's collision of two satellites, experts warned that more crashes will inevitably occur in the increasingly crowded orbits above Earth.


Feb. 12, 2009
Blog
What is the Worst Case Scenario if the Consumer Becomes a Saver?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 12, 2009
Update
New Jobless Claims Drop; Retails Sales Up Slightly
Government reports show the number of new jobless benefit claims dropped to a seasonally adjusted 623,000, from 631,000 the previous week, while U.S. retail sales jumped 1 percent in January, reversing a six-month downward trend.


Feb. 11, 2009
Update
Congress Reaches Agreement on $789 Billion Stimulus Bill
House and Senate negotiators have reached an agreement Wednesday on a $789 billion economic stimulus plan aimed at creating millions of jobs and providing tax cuts for millions of lower and middle income taxpayers, lawmakers say.


Feb. 11, 2009
Report
Detroit Program Aims to Provide Job Training, Hope in Tough Times
Eleanor Josaitis co-founded the Detroit program Focus: Hope more than three decades ago to provide job training and other opportunities to the city's residents. With the U.S. mired in a recession and the auto industry future uncertain, her group is reinventing itself.

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Feb. 11, 2009
Report
Number of Newly Uninsured Americans Rises Along With Jobless Rate
After more than 2 million American workers were laid off in the past three months, the numbers who have lost their health insurance and applied for Medicaid have also risen rapidly. Betty Ann Bowser speaks with Connecticut residents struggling to stay insured.

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FUNDED IN PART BY: Robert Wood Johnson


Feb. 11, 2009
Report
Other News: FBI Investigates Corporate Fraud, Tornadoes Rip Through Oklahoma
In other news of the day, the FBI announced its investigation of more than 500 potential cases of corporate fraud, and tornadoes that swept through Oklahoma killed at least 8, destroying homes and businesses.

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Feb. 11, 2009
Analysis
Congress Strikes Tentative $789B Deal on Stimulus Plan
Congressional leaders announced that they have reached a deal on a stimulus plan Wednesday -- although talks continued late in the day on the bill's final details. The Hotline's Amy Walter discusses the negotiations and Jeffrey Brown reports on the day's Congressional testimony on the financial rescue plan.

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Feb. 11, 2009
Blog
Will Any Plan That Puts People Back to Work Actually Stimulate the Economy?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 11, 2009
Blog
Forecasting Our Economic Future
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 11, 2009
Blog
Forecasting Our Economic Future
Historians sing of what has passed; journalists, of what is passing; economic forecasters, of what is to come. Over the years, and especially during presidential campaigns, we've featured the forecasting model of Yale economist Ray Fair here and on the NewsHour. Fair predicts elections as well as the economy.


Feb. 10, 2009
Report
In Other News, Oil Prices Plunge, General Motors Announces More Job Cuts
In other news of the day, the price of oil plunged after the energy department predicted shrinking demand, and General Motors announced it will cut 10,000 jobs.

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Feb. 10, 2009
Analysis
Geithner Revamps Bank Rescue Plan
The Treasury Department outlined an overhaul of the financial rescue plan Tuesday as the stimulus bill moved forward. Economists and analysts react to the developments.

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Feb. 10, 2009
Blog
Would it Work to Give Money to People to Cover Their Mortgage or Debt?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 10, 2009
Update
Congress to Mesh $800 Billion Stimulus Bills
The Senate on Tuesday approved an $838 billion economic stimulus package of spending and tax cuts that now must be reconciled with the House's $819 billion version. President Barack Obama is pushing to get the plan signed by mid-February.


Feb. 10, 2009
Update
Rekindling the Electronic Book's Future: Amazon Unveils Updated Reading Device
Despite Amazon's unveiling of the latest version of its electronic reading device, the Kindle, to the delight of many bookworms Monday, it appears that bookshelves, libraries and backpacks have not been rendered obsolete -- at least not yet.


Feb. 10, 2009
Update
New Bank Rescue Plan Aimed at Easing Credit
Treasury Secretary Timothy Geithner announced Tuesday a strategy to overhaul the widely criticized bank bailout fund that is aimed at unclogging credit markets that provide loans to consumers and businesses.


Feb. 10, 2009
Blog
Are Companies Able to Function Without Loans?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 9, 2009
Report
Other News: Geithner Makes TARP Changes; 4 U.S. Soldiers Killed in Iraq
Treasury Secretary Timothy Geithner finalized a plan outlining changes to the TARP plan Congress passed last year, and four U.S. soldiers were killed in Iraq Monday in a suicide car bombing.

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Feb. 9, 2009
Report
Recession's Effects Batter New York School District
The Peekskill, N.Y., public school district is suffering from the deepening recession's ripple effects, which will force administrators to cut student bus services, teachers' positions and arts programs. Special correspondent John Tulenko of Learning Matters reports.

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Feb. 9, 2009
Analysis
Obama Courts Public Support for Economic Stimulus Plan
President Obama traveled to Indiana Monday and planned a primetime news conference to build support for the stimulus bill that is nearing a final Senate vote. Reporters examine the next steps for the stimulus plan.

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Feb. 9, 2009
Update
$838 Billion Stimulus Plan Clears Senate Procedural Hurdle
The Senate on Monday voted 61-36 to end debate on an $838 billion economic stimulus bill, one more vote than needed to avoid a potential filibuster on the measure when it goes to a final vote as early as Tuesday.


Feb. 9, 2009
Report
Obama Makes Case to Nation for Stimulus Plan
President Barack Obama gave a prime-time press conference Monday to make his case to the public for an economic stimulus plan and to respond to other policy issues. Following is the text of Mr. Obama's prepared statement and the full audio of the president's remarks and his answers to reporter questions.

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Feb. 9, 2009
Blog
More from 'Bad Bank vs. Good Bank'
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 9, 2009
Blog
More from 'Bad Bank vs. Good Bank'
Paul Solman answers your questions on business and economic news on "The Business Desk."


Feb. 9, 2009
Blog
In a Finite World, Can We Really Have Infinite Growth?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 6, 2009
Update
Senate Closes In on Deal for Stimulus Plan
The Democratic-led U.S. Senate appeared to strike a deal Friday evening with key Republicans on a long-debated stimulus package to stem a deepening recession, news agencies report.


Feb. 6, 2009
Analysis
Shields and Brooks Mull Stimulus Debate, Obama's Next Policy Steps
Columnists Mark Shields and David Brooks discuss the tough debate on Capitol Hill over the stimulus bill, the tax trouble that ended Tom Daschle's Cabinet nomination and how President Obama is faring so far.

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Feb. 6, 2009
Report
Good Bank vs. Bad Bank: Segregating Toxic Assets Might Help U.S. Economy Rebound
Business correspondent Paul Solman explores the problem of banks holding toxic assets and explains how the Swedes successfully emerged from a similar economic crisis by splitting banks into "good" and "bad" categories.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Feb. 6, 2009
Report
In Other News, Stocks Rise on Wall Street, Calif. Budget Crisis Deepens
Despite a dismal jobs report, the market rose as the Senate began debating the economic stimulus bill. California closed most of its government offices today due to its worsening budget shortfalls, forcing more than 200,000 state workers to stay home without pay.

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Feb. 6, 2009
Analysis
Gloomy Job Numbers Signal New Woes for Economy
U.S. employers cut 598,000 jobs in January, bringing the unemployment rate to 7.6 percent, in another sign of the deepening recession. It was the worst one-month job loss since 1974.

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Feb. 6, 2009
Update
Economic Crisis May Take Toll on Health Services in Developing Nations
As the global economic crisis continues to unfold, concern is growing over maintaining funding for health services in developing countries that rely on foreign aid to provide necessary treatments.


Feb. 6, 2009
Insider Forum
Stimulus Debate, Job Cuts Stir New Questions on Economy
Soaring unemployment numbers and political wrangling over the best economic recovery plan are just the latest developments in the country's financial crisis. Susie Gharib, anchor of PBS' Nightly Business Report, and personal finance columnist Kathy Kristof answered your questions on the economic picture.

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Feb. 6, 2009
Update
Employers Slash 598,000 Jobs in January
U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession.


Feb. 6, 2009
Update
Toyota Forecasts $5 Billion Fiscal Year Loss
The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs.


Feb. 6, 2009
Blog
Does it Make Economic Sense to Immediately Pay Off a Mortgage?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 5, 2009
Report
Other News: Jobless Claims Rise; Ginsburg Hospitalized
Jobless claims rose and Supreme Court Justice Ruth Bader Ginsburg underwent surgery after a diagnosis of pancreatic cancer. Jim Lehrer reports on these and other news developments of the day.

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Feb. 5, 2009
Analysis
Lawmakers Wrangle Over Costs of Stimulus Package
Senate Democrats pushed for more votes on an economic stimulus bill Thursday amid efforts to trim the plan's costs. Office of Management and Budget Director Peter Orszag and Sen. Arlen Specter, R-Pa., offer their views.

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Feb. 5, 2009
Blog
How Can City, County and State Governments Become Fiscally Sound Again?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 5, 2009
Update
Negotiations Continue on Senate Stimulus Plan
President Barack Obama urged lawmakers to act quickly on his economic stimulus package Thursday, telling reporters that the time for talk on the proposal is over and "the time for action is now."


Feb. 5, 2009
Blog
Why Do We Encourage Mergers of Large Companies?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 4, 2009
Report
SEC Slammed During Madoff Hearing for Ignoring Alleged Ponzi Scheme
Lawmakers and a whistle-blower blasted the Securities and Exchange Commission during Congressional hearings into the case of Bernard Madoff, a Wall Street investor accused of massive fraud. Kwame Holman reports.

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Feb. 4, 2009
Report
Global Economic Downturn Slams Ireland, Spares Poland
The economic slump is affecting European Union member countries very differently. In Ireland, companies are laying off workers, while the Polish economy is growing. Special correspondent Jeffrey Kaye reports.

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Feb. 4, 2009
Analysis
'Buy American' Clause in Stimulus Sparks Controversy
Foreign governments are outraged over a provision of the stimulus bill requiring that any manufactured goods used in public works projects connected with stimulus money come from American suppliers. Experts mull the dispute.

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Feb. 4, 2009
Report
Other News: Senate Debates Stimulus, Obama Signs Child Health Care Bill
The debate over the stimulus bill continued in the Senate and President Obama signed legislation to increase health care spending for low-income children. Jim Lehrer reports on this and other news of the day.

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Feb. 4, 2009
Analysis
Obama Limits Executive Pay for Firms Tied to Bailout
President Obama announced Monday new caps on executive pay for those firms receiving federal bailout aid. Analysts examine the new guidelines.

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Feb. 4, 2009
Blog
Why is Credit Extended to Companies and How Do They Make Their Payments?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 4, 2009
Update
Obama's Remarks on Executive Compensation
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:


Feb. 4, 2009
Blog
Will a Stimulus Fix Our Problems?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 4, 2009
Update
Obama Links $500,000 Executive Pay Cap to Bailout Funds
President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations.


Feb. 3, 2009
Update
Many Automakers Post Record Losses for January
Ford, Toyota, Nissan, General Motors and Chrysler all posted record lows in their January sales reports Tuesday. The declines come at the end of a stretch of 15 months of plummeting sales that bring the companies' total losses near a 27-year low.


Feb. 3, 2009
Debate
Spending, Tax Cuts in Stimulus Package Provoke Fierce Debate in Senate
Opponents of the stimulus package moving through the Senate are skeptical of the bill's increasing size, and of certain proposals they claim would not effectively boost the economy. Senators Jack Reed and John Thune debate the measure.

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Feb. 3, 2009
Report
Other News: Auto Sales Drop, Pakistan Supply Route Cut
U.S. auto companies reported deep losses in sales Tuesday, while a key supply route was bombed in Pakistan. Judy Woodruff reports on these developments and other news headlines of the day.

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Feb. 3, 2009
Blog
Kennedy Center Offers Non-profits a Helping Hand; NEA Gets New Acting Chairman
The John F. Kennedy Center for the Performing Arts announced the creation of a program to provide non-profit organizations free counseling to help them weather the current economic crisis, and the National Endowment for the Arts announced Patrice Walker Powell will serve as the agency's acting chair.


Feb. 3, 2009
Blog
Was the Wall Street Money Real or Imagined?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 3, 2009
Blog
How Much of My Investments Should Be in Gold?
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 2, 2009
Analysis
Reporters Assess Effectiveness of Proposed Stimulus Plan
As Congress shapes the stimulus package, the debate rages on over what parts of the bill will be most effective in reviving the country's ailing economy. Business reporters analyze the plan's components.

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Feb. 2, 2009
Report
In Other News, Senate Debates Stimulus Plan as Pittsburgh Heralds Super Bowl Win
The Senate resumed debate on the $900 economic stimulus package that hit snags among Republicans concerned about the rising costs of the package. Jim Lehrer reports on this and other top news of the day.

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Feb. 2, 2009
Update
Daschle Cabinet Bid Hits Trouble Over Tax Issue
Tom Daschle, President Barack Obama's choice to spearhead a reform effort of the costly U.S. health care system, fought Monday to salvage his appointment by apologizing for failing to pay back taxes.


Feb. 2, 2009
Blog
Tummy Tuck Jeans in a New Economic Landscape
Paul Solman answers questions on business and economic news on "The Business Desk."


Feb. 2, 2009
Update
Consumer Spending Drops in December While Savings Rates Increase
Consumers cut spending for a sixth straight month in December and, heeding the impact of the recession-laden economy, boosted their savings rates to the highest level since May, according to the latest round of government reports.

JANUARY
Jan. 31, 2009
Blog
In Case You Missed It: The End of Globalization?
Paul Solman revisits the port of Long Beach, Calif., just a year after first reporting there, and finds fields of unsold Mercedes and tracts of Toyotas.


Jan. 30, 2009
Essay
Value's Meaning Shines Through as Economy Falters
In this time of economic crisis, essayist Anne Taylor Fleming reflects on how difficult it is to gauge the real value of things.

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Jan. 30, 2009
Report
Rethinking Regulation's Role in a Struggling Economy
A new government report cites continued oversight problems for the $700 billion federal rescue plan. Ray Suarez examines emerging views on regulation's role in the U.S. economy and the possible creation of a government-run "bad bank" that would help take soured assets off the books of U.S. institutions.

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Jan. 30, 2009
Report
Global Trade Freezes Amid Economic Downturn
Economics correspondent Paul Solman returns to the trade hub of Long Beach, Calif., to check on how the import and export business has been impacted by the global economic crisis.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 30, 2009
Analysis
Backlash Continues Over Billions Paid in Wall Street Bonuses in 2008
In one of the worst economic years in history, Wall Street executives received more than $18 billion in bonuses. Experts examine how such bonuses work, followed by the analysis of Mark Shields and David Brooks.

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Jan. 30, 2009
Analysis
Shrinking GDP, Obama Task Force Cap Week's Economic News
There was more evidence Friday the recession is getting worse, a fact that President Obama and his economic team continued to confront. Columnists Mark Shields and David Brooks mull Mr. Obama's approach.

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Jan. 30, 2009
Blog
Are We Headed to a Shorter Work Week?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 30, 2009
Update
U.S. Economy Shrinks at Fastest Rate in 26 Years
The U.S. economy shrank at its fastest rate in more than a quarter century between October and December, according to federal government data released Friday.


Jan. 29, 2009
Blog
Faced With Economic Troubles, Brandeis to Close Rose Art Museum
Brandeis University announced plans to close the esteemed Rose Art Museum and sell its collection. Faced with a severe budget crisis, the university's board of trustees voted unanimously to close the museum late this summer.


Jan. 29, 2009
Report
Blagojevich Ousted From Office, Stocks Fall Sharply
The Illinois state Senate officially removed Gov. Rod Blagojevich from office over the fallout from a corruption scandal and stocks fell sharply on another day of bleak economic news. Jim Lehrer recaps the day's other news headlines.

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Jan. 29, 2009
Analysis
Stimulus Package May Yield Mixed Economic Results
President Barack Obama's $819 billion stimulus proposal now heads to the Senate with little GOP support. Economists examine whether the proposed measure can succeed at its goals.

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Jan. 29, 2009
Report
Obama Lashes Out at Wall Street Over Bonuses
President Barack Obama lashed out at Wall Street Thursday over reports that executives collected more than $18 billion in bonuses last year as his economic stimulus package headed to the Senate for review. Kwame Holman reports.

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Jan. 29, 2009
Blog
Who is Right? Krugman or Mankiw?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 29, 2009
Blog
Some Businesses Might Go to Offshore Accounts, But Wouldn't Most Want to Stay?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 29, 2009
Update
Stimulus Package Goes to Senate as Signs of Economic Downturn Continue
The Democratic-controlled House of Representatives passed President Barack Obama's $819 billion economic stimulus package by a vote of 244-188 Wednesday, amid continuing signs of the U.S. economic downturn.


Jan. 28, 2009
Update
House Passes $819 Billion Economic Stimulus Plan
The Democratic-controlled House of Representatives passed President Barack Obama's $819 billion economic stimulus package by a vote of 244-188 Wednesday, with Republicans unanimous in opposition.


Jan. 28, 2009
Analysis
Fed Vows to Use 'All Available Tools' to Prop Up Economy
The Fed has been extraordinarily active in recent months, and there are some calls now to expand its future role as a financial regulator. Analysts examine the Fed's evolving role.

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Jan. 28, 2009
Report
Global Economic Growth Slows, Early Voting Begins in Iraq
Economists at the International Monetary Fund predict that the global economy will grow by less than one percent in 2009 and Iraqis went to the polls for early voting in provincial elections, with the rest of the country set to vote on Saturday. Jim Lehrer recaps the day's other headlines.

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Jan. 28, 2009
Report
Obama Calls for 'Bold and Swift' Action on Economy
President Barack Obama met Wednesday with business leaders and renewed his calls for Congress's quick action on passing a new economic stimulus plan.

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Jan. 28, 2009
Blog
Why Should We Call Them Economists if They Couldn't Predict the Economy's Fall?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 28, 2009
Update
Fed Leaves Key Rate at Record Low, Vows to Use All Tools to Help Economy
Acknowledging that the economy has continued to deteriorate, the Federal Reserve signaled Wednesday that it will continue to use unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "some time."


Jan. 28, 2009
Blog
Are There Conflicts of Interest in the Credit Industry?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 27, 2009
Analysis
States Grapple With Unique Difficulties in Economic Downturn
As the impact of the economic downturn ripples across the U.S., four public broadcasting reporters describe how the recession has impacted their states and local communities.

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Jan. 27, 2009
Report
Obama Tries to Bolster Republican Support For Stimulus
President Obama headed to Capitol Hill Tuesday to try to garner bipartisan support for his economic stimulus plan, which some Republican congressional leaders have criticized for not doing enough to create and preserve jobs. Ray Suarez reports.

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Jan. 27, 2009
Update
Consumer Confidence Hits New Low as Home Prices Sink, State Unemployment Soars
Americans' attitudes about the economy have sunk to a new low as another round of glum economic data released Tuesday also shows home prices plummeting and state unemployment rates soaring.


Jan. 27, 2009
Blog
With Wages Stagnant, What Economic Rationale Prevails for Increasing Prices?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 27, 2009
Update
Obama to Push Stimulus Plan with GOP Lawmakers
President Obama is making his first trip to Capitol Hill since his inauguration to push for broad bipartisan support of his $825 billion economic stimulus plan.


Jan. 26, 2009
Report
Stocks Edge Higher, Iceland's Government Collapses
Stocks edged higher Tuesday despite a new round of U.S. job cuts and Iceland's coalition government collapsed amid fallout from the global economic crisis. Judy Woodruff recaps the day's news headlines.

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Jan. 26, 2009
Analysis
Massive Job Cuts Renew Calls for Quick Action on Stimulus
Several U.S. companies reeling from the economic downturn announced a total of some 45,000 job cuts on Monday. Analysts assess what the employment situation signals about new government efforts to revive the economy.

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Jan. 26, 2009
Blog
What Would Happen if the Fed Decided to Raise Interest Rates?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 26, 2009
Report
On Day Six, Obama Takes on Global Warming
President Barack Obama asked regulators to reconsider waivers that would allow California and other states to set their own standards for auto emissions and responded to new concerns about the economy at the start of his first full week in office. Jeffrey Brown reports on the developments.

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Jan. 26, 2009
Update
U.S. Companies Slash More Than 45,000 Jobs
More than 45,000 job cuts were announced by major U.S. companies Monday, part of a wave of global job cuts in response to dismal 2008 financial results.


Jan. 26, 2009
Update
Following Financial Meltdown, Iceland's Government Collapses
Iceland's coalition government collapsed Monday under the pressure of the country's financial meltdown, the first government to fall as a direct result of the worldwide economic crisis.


Jan. 26, 2009
Blog
When Do You Stop Putting Money in a House?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 26, 2009
Update
Drug Giant Pfizer to Acquire Wyeth in $68 Billion Deal
The world's largest drug maker, Pfizer Inc., announced Monday it is acquiring rival company Wyeth for about $68 billion, in the largest pharmaceutical sector takeover since 2000.


Jan. 25, 2009
Blog
Why Are People Now Encouraged To Buy?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 23, 2009
Report
European Markets Tumble, Missiles Strike Pakistan
European markets plunged Friday and Britain officially declared itself in a recession. Elsewhere in the world, suspected American missiles killed more than a dozen people in Pakistan; five militants were reportedly among the dead. Jim Lehrer reports on these events and other news.

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Jan. 23, 2009
Analysis
Shields and Brooks Weigh Obama's First Week, Economy Plans
President Barack Obama wasted no time putting his stamp on key policy areas during his first few days in office -- including renewing a push for an economic stimulus plan. Mark Shields and David Brooks discuss the moves.

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Jan. 23, 2009
Analysis
Fallout Continues Over Banking Sector Woes, Forced Mergers
In the midst of September's Wall Street meltdown, Bank of America agreed to buy the troubled Merrill Lynch -- a buyout that has proved troublesome. Analysts assess what may come next for the struggling industry.

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Jan. 23, 2009
Update
Obama Targets February to Pass Stimulus Plan
President Barack Obama said Friday that he expected Congress to approve a proposed $825 million economic stimulus package by mid-February, setting up the first big test of his promise to set a new tone of bipartisanship in Washington.


Jan. 22, 2009
Report
Congress Moves on Stimulus Package, Kennedy Withdraws From N.Y. Senate Race
Caroline Kennedy withdrew her name from consideration for New York's Senate seat and the House made plans to vote on a proposed stimulus package next week. Jim Lehrer reports on these developments and other news of the day.

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Jan. 22, 2009
Report
Tech Industry Faces Struggles Amid Economic Slump
Microsoft announced a drop in earnings and unprecedented job cuts, and the Intel Corporation revealed plans to shutter five plants and lay off thousands of workers Thursday. Lee Hochberg examines how the technology industry is weathering the economic crisis.

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Jan. 22, 2009
Update
Microsoft Cuts 5,000 Jobs As New Unemployment Claims Rise
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.


Jan. 22, 2009
Blog
Is There An "Economic Event" That Will Change the Economics Profession?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 21, 2009
Report
Clinton Confirmed for State, Congress Works on Stimulus
Congress officially began working on the $825 billion stimulus package offered by House Democrats today and Hillary Clinton was confirmed as Secretary of State. Jim Lehrer reports on these events and the other news of the day.

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Jan. 21, 2009
Analysis
Banking Sector, Bailout Reform May Top Obama Economic Agenda
Treasury nominee Timothy Geithner went before a Senate panel Wednesday, answering questions on the financial crisis as well as his tax payment controversy. Analysts mull what's ahead for Obama's economic agenda.

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Jan. 21, 2009
Blog
How Will Medicare and Social Security Be Changed For Future Generations?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 20, 2009
Report
Senate Confirms Several Obama Nominees on Inauguration Day
The Senate confirmed several of the Obama administration's Cabinet choices but delayed voting on Hillary Clinton for secretary of state. Jim Lehrer reports on the day's events.

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Jan. 19, 2009
Report
Recession Hurts Ranchers Who've Seen Price of Stock Plummet
The recession is squeezing cattlemen on all sides, with the costs of supplies rising and beef prices down. Tom Bearden reports from the National Western Stock Show on how the plummeting economy is hurting ranchers.

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Jan. 19, 2009
Report
Auto Industry Shows Small Signs of Recovery at Annual Detroit Show
At the annual Detroit auto show, car enthusiasts were not letting the frigid weather or drab economic climate deter them. Fred de Sam Lazaro gives an update from Detroit on the state of the auto industry and its efforts to pull itself out of the slump.

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Jan. 19, 2009
Update
Russia, Ukraine Sign Deal to Settle Gas Dispute
Russia and Ukraine signed Monday a 10-year deal to resume natural gas supplies to Europe after a two-week shutoff due to a dispute over gas prices and the payment of other debts.


Jan. 16, 2009
Analysis
Inauguration, Transition and Bush Farewell Top Week's Political News
Columnists Mark Shields and David Brooks look ahead to Inauguration Day, discuss Barack Obama's dinner with conservative columnists and analyze President Bush's attempts to shape a legacy.

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Jan. 16, 2009
Blog
Dodge Foundation Cancels Poetry Festival
The largest poetry festival in North America has just become the latest victim of the financial crisis. The Geraldine R. Dodge Foundation announced Friday in a letter to supporters that it will cancel the next Dodge Poetry Festival, slated to take place in the fall of 2010.


Jan. 16, 2009
Blog
Are You Moving in With Friends to Save Money?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 16, 2009
Update
Bank of America Posts Big Losses, Citigroup Splits in Two
Bank of America posted its first quarterly loss in 17 years and received a boost from the government while Citigroup reported a fourth-quarter loss of $8.29 billion and decided to split up its businesses in a new round of gloomy banking news.


Jan. 15, 2009
Report
Steve Jobs' Medical Leave Raises Questions for Apple
Apple CEO Steve Jobs' decision to take six months of medical leave for an illness he has deemed a "horomone imbalance" caused the company's stock to fall sharply. Spencer Michels examines Jobs' singular influence in the technology world.

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Jan. 15, 2009
Newsmaker Interview
Boehner Outlines GOP Views on Obama's Stimulus Plan
House Minority Leader John Boehner outlined his views of President-elect Barack Obama's stimulus plan Thursday, criticizing the size of the spending packages and saying the focus should be on providing quick relief to families and small businesses.

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Jan. 15, 2009
Update
Democrats Unveil $825B Stimulus Plan
House Democrats on Thursday released an $825 billion economic rescue plan that aims to alleviate the economic downturn through a combination of $550 billion in spending and state aid, and $275 billion in tax cuts.


Jan. 15, 2009
Blog
In Case You Missed It: Economists Place Their Bets With Predictions for 2009
We did a story on economic predictions for the future, featuring two economists who'd correctly called the current crisis. We ended the story with the man who bills himself the world's first and only standup economist. In the Business Desk exclusive, you can watch a little more of him, and me playing the straight man.


Jan. 14, 2009
Report
Economists Place Their Bets With Predictions for 2009
In the second of his new series on making sense of financial news, Paul Solman asks economists for predictions for the year ahead and interviews "standup economist" Yoram Bauman, who mines financial news for comedic material.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 14, 2009
Update
Geithner Hearing Delayed Amid Tax Controversy
The Senate finance committee postponed Treasury Secretary nominee Timothy Geithner's confirmation hearing until next week after reports emerged of problems with Geithner's federal tax return payments. A Wall Street Journal reporter details the latest.

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Jan. 14, 2009
Newsmaker Interview
Cheney Reflects on Legacy, Defends Interrogation Policy
Vice President Dick Cheney looks back on the Bush administration's eight years in office, answers new questions on claims that the U.S. tortured terror suspects and assesses the challenges ahead for the Obama team.

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Jan. 14, 2009
Update
Retail Sales Sag 2.7% in December; Stocks Drop
Retail sales dropped more than expected in December -- a sixth straight monthly slide -- as consumers took heed of an economy pummeled by a recession, credit squeeze and continuing job losses.


Jan. 13, 2009
Blog
Can We Compare Today's Unemployment Numbers With Those In the Great Depression?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 12, 2009
Blog
Why Can't We Bail Out Americans Who Have Overcharged Their Credit Cards?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 12, 2009
Update
Bush OKs Request to Seek Bailout Funds, Reflects on White House Tenure
President-elect Barack Obama has asked President Bush to seek the remaining $350 billion of the $700 billion financial industry bailout, and Mr. Bush has agreed to do so, the White House said Monday.


Jan. 9, 2009
Blog
In Case You Missed It: Economists Explain Why Hints of the Economic Crisis Eluded Them
Paul Solman reports from San Francisco on a conference for economists and why hints of a recession were missed.


Jan. 9, 2009
Analysis
Shields and Brooks Mull Obama's Intel Picks, Stimulus Plan
Syndicated columnist Mark Shields and New York Times columnist David Brooks assess the week's news, including Obama's new intelligence team and his push to get a new economic stimulus package through Congress.

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Jan. 9, 2009
Report
Economists Explain Why Hints of the Economic Crisis Eluded Them
Some of the nation's brightest economists failed to predict the foreclosure crisis and economic recession that followed. Paul Solman asks them why no one connected the dots in time to warn the public.

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FUNDED IN PART BY: The Alfred P. Sloan Foundation


Jan. 9, 2009
Analysis
Report Faults Lax Oversight of Treasury's Bailout Funds
A congressional panel has criticized the Treasury Department's oversight of the $700 billion financial industry bailout. The panel's report says the rescue funds have failed to alleviate the foreclosure crisis and the department has not kept a thorough record of spending. A senator explains the findings.

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Jan. 9, 2009
Report
December Job Losses Compound Economic Woes
Unemployment rose to 7.2 percent in December, the highest since 1993, according to a new report from the Labor Department. Employers cut 524,000 jobs, and some economy-watchers fear more cuts are still to come. Ray Suarez reports.

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Jan. 9, 2009
Update
Unemployment Rate Hits Highest Point in 16 Years
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.


Jan. 8, 2009
Analysis
New President's Economic Plan Faces Numerous Congressional Hurdles
President-elect Barack Obama's economic recovery plan may face significant resistance in Congress. Analysts discuss the hurdles the Obama proposal will likely encounter as he pushes his agenda on Capitol Hill.

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Jan. 8, 2009
Newsmaker Interview
Pelosi: Congress Must Move Quickly on Stimulus Package
In response to President-elect Barack Obama's economy speech, House Speaker Nancy Pelosi outlined her concerns about getting an economic stimulus plan through the 111th Congress.

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Jan. 7, 2009
Analysis
Apple Removes iTunes Copying Restrictions, Makes Price Changes for Downloads
Apple has announced its plans to make music from four major record companies available through iTunes without copying restrictions and outlined a new three-tiered pricing system for individual songs. A reporter discusses the implications of the changes for the music industry.

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Jan. 7, 2009
Report
Unrest Spreads in China as Economy Worsens
Chinese leaders are facing new pressures amid fears that a national social crisis is looming, brought on by millions of job losses and a surge in public protests. Nick Paton Walsh of Independent Television News reports.


Jan. 7, 2009
Report
As Costs Rise, Businesses Struggle to Provide Worker Health Insurance
In the third and final in a series on health care challenges facing the new administration, Betty Ann Bowser reports on small businesses' struggle to keep up with the rising cost of insuring their employees.

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FUNDED IN PART BY: Robert Wood Johnson


Jan. 7, 2009
Analysis
Federal Budget Deficit Projected to Skyrocket in 2009
New Congressional Budget Office figures released Wednesday predict the federal budget deficit will hit $1.2 trillion in 2009. Analysts mull what the numbers mean.

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Jan. 7, 2009
Update
Deficit Projected to Soar to $1.2 Trillion
The federal budget deficit will hit an unprecedented $1.2 trillion for the 2009 budget year, new Congressional Budget Office figures show.


Jan. 7, 2009
Blog
Why Has the Price of Oil Decreased So Significantly?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 5, 2009
Analysis
Congress Asks Regulators for Answers in Madoff Scandal
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.

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Jan. 5, 2009
Report
Even Insured Patients Struggle as Health Care Costs Rise
As health insurance premiums and deductibles rise, even patients with health insurance are finding it difficult to keep up with escalating costs. Betty Ann Bowser reports on the challenges facing the "underinsured" in Nashville, Tenn.

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FUNDED IN PART BY: Robert Wood Johnson


Jan. 5, 2009
Analysis
Obama Works on Stimulus Plan, Reportedly Picks Panetta for CIA Chief
President-elect Barack Obama met with party leaders on Capitol Hill Monday to discuss an economic stimulus package. Reports also emerged that he selected former White House chief of staff Leon Panetta to lead the CIA. Journalists discuss the latest news.

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Jan. 5, 2009
Update
Auto Sales Plunge in December
December marked another dismal month for automakers with new figures showing overall sales declines of more than 30 percent as the U.S. auto industry continues to struggle amid the economic downturn.


Jan. 5, 2009
Blog
What is the Economic Impact of Military Spending?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 2, 2009
Analysis
Arts Funding Feels Squeeze of Economic Downturn
Many arts organizations that depend on endowments and both individual and corporate donations are struggling to cope with budget shortfalls in the midst of the economic downturn. Analysts discuss the recession's impact on arts and cultural organizations.

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Jan. 2, 2009
Analysis
New Year Brings New Congress, Foreign Policy Challenges
Washington Post columnist E.J. Dionne and National Review Editor Ramesh Ponnuru discuss President-elect Obama's mounting foreign policy concerns, the shape of the new Congress, and an emerging economic stimulus plan.

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Jan. 2, 2009
Report
Infrastructure Spending May be Key to Boosting Economy
Some economists believe increasing government spending on infrastructure is the only way out of the nation's economic crisis. Paul Solman reports on how infrastructure spending may be a crucial way to resuscitate the economy.

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Jan. 2, 2009
Blog
Find More of Paul's Thoughts on Twitter and His New Online Article.
It's the weekend again and with the NewsHour dark, there's no chance to answer questions. So I thought I'd post a couple of things that might interest you. I'm in San Francisco for the annual meeting of economists for a story slated to run next week in which the pros answer the question: "Why didn't you WARN us?"


Jan. 2, 2009
Blog
Why Does Our Economy Seem to Work Only If We Buy Lots of Cars and Goods?
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 2, 2009
Blog
Explain the Differences Between a "Recession," "Depression" and "Repression."
Paul Solman answers questions on business and economic news on "The Business Desk."


Jan. 1, 2009
Analysis
Journalists Look Back on Tumultuous Financial Year
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.

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