The SEC chairman has criticized his own agency’s failure to investigate warnings about Bernard Madoff, who is accused of a massive fraud scheme. Analysts examine the SEC’s inquiry. Continue reading
The Los Angeles Museum of Contemporary Art (MOCA) is struggling to keep its doors open and hold onto one of the world’s best collections of post-World War II art.
Oil prices fell to their lowest level in four years Wednesday, despite news that the Organization of the Petroleum Exporting Countries agreed to a larger-than-expected oil production cut of 2.2 million barrels per day. Continue reading
Question/Comment: How is the Bernard Madoff financial fiasco tied to the global economic meltdown? Is it just a timely coincidence? The thought of a connection somehow seems important. Paul Solman: Let’s see if I can resist the urge to make … Continue reading
The Securities and Exchange Commission issued an unusual rebuke of its own regulators Tuesday night over its failure to investigate Wall Street money manager Bernard Madoff, now accused of widespread fraud that bilked investors of billions. Continue reading
On Tuesday, Dec. 16, Paul Solman looked at the psychological causes and effects of low consumer confidence through the holiday season.
The size of the scandal surrounding Wall Street trader Bernard Madoff’s alleged fraud continues to unravel, drawing in charities, foundations and top investors. Mort Zuckerman, the head of a charitable trust caught up in the schemes, and an SEC analyst offer insight. Continue reading
The Fed’s dramatic interest rate cut is an attempt to increase borrowing and spending. While the government tries to tamp down fears that are lowering consumer confidence, Paul Solman examines what it takes to report the economic indicator. Continue reading
The Fed slashed the target for a key interest rate to a record low of zero percent to a quarter point on Tuesday. Financial analysts examine the possible impact of the Fed’s move. Continue reading