Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was … Continue reading
The British Parliament on Monday considered changes to its income and sales taxes as a means to alleviate the economic downturn. Margaret Warner reports from London about the proposed stimulus plan. Continue reading
In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank’s high-risk assets. A New York Times reporter and economic analysts discuss the implications of the rescue. Continue reading
President-elect Barack Obama unveiled his top economic advisers Monday, saying they share his desire to fuel long-term economic growth and create jobs. Economic experts examine the challenges that lie ahead for the team. Continue reading
While introducing his team of economic advisors Monday, President-elect Barack Obama urged the incoming Congress to pass an economic stimulus plan “right away” to address the nation’s ongoing economic crisis. Continue reading
- Could You Explain How Deflation is Different From Companies Setting Prices to Reflect Input Costs and Efficiencies?
Question/Comment: Dear Mr. Solman, I’ve read several articles recently discussing the risk of deflation. I think I understand broadly why deflation is bad for the economy in general. Could you explain how deflation is different from companies setting prices to … Continue reading
The U.S. government has again bailed out Citigroup, unveiling a bold plan Sunday night to inject $20 billion in fresh capital into the troubled financial giant and shoulder most of the potential losses on $306 billion of high-risk assets. Continue reading
Editor’s Note: Paul Solman reports on the impact to auto workers.
David Brooks and Ruth Marcus weigh reports that President-elect Barack Obama plans to choose Sen. Hillary Clinton and Timothy Geithner, among others, for Cabinet posts and the search for solutions to the economic crisis. Continue reading