Question: I am curious how you believe we should balance helping big companies with also helping their customers. The number one basic business principle is: Businesses don’t do well without customers. Solution: Provide customers. Here’s a case in point. NPR … Continue reading
Question: About four weeks ago, my Chase credit card informed me that the interest rate on my current balance was changing from 5.99 fixed to 10.99 variable so that Chase could “maintain profitability” on my account. I knew that I … Continue reading
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. Continue reading
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. Continue reading
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.
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. Continue reading
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. Continue reading
Question: Is the Federal Reserve “federal” as the name implies, or is it as “federal as Federal Express,” meaning a private, for-profit corporation? I’ve heard it both ways and would like the answer clarified by a hard-hitting reporter whose willing … Continue reading