As the economy continues in a downward spiral, members of Congress on both sides of the aisle are concentrating on serving the needs of the middle class. Kwame Holman speaks to legislators preparing to tackle the economic crisis. Continue reading
Recent economic problems have created budget shortfalls in many states, but California is worse off than most. Faced with a massive deficit, state lawmakers might have to raise taxes or cut health care services. Betty Ann Bowser reports. Continue reading
The economic downturn in Stockton, Calif., one of the first communities in the country to experience the foreclosure crisis, is bringing challenges and opportunities there. Spencer Michels reports from the central California city. Continue reading
Question/Comment: Hi Paul! I’ve heard certain senators opining about our ‘hourly’ wage earners here in Detroit. I’ve also heard senators earn tiptop health & retirement bennies. How do Senate vs ‘Detroit worker’ wages compare, converted to an hourly basis? Thanks, … Continue reading
With about half of the federal bailout allocation spent, questions remain about how exactly recipient banks used the money. Analysts give an update on where this $350 billion has gone. Continue reading
With car sales plummeting, giant automaker Toyota Motor Corp., posted its first operating loss in 71 years. Economic analysts examine what impact the company’s massive losses will have on the global economy. Continue reading
Question/Comment: I hear plenty about businesses that are failing or have failed in the recent financial turmoil. I heard little about businesses that remain stable or even prosperous. What is making the difference between the two? Paul Solman: If you … Continue reading
On Tuesday, Dec. 23, Paul Solman examined an innovative social entrepreneurship program that uses business methods to achieve social change for at-risk urban youth. You can find the transcript here.
- Do You Believe FDR’s Big Government Investment Efforts in Fact Helped End the Great Depression, And if So, Would Such Efforts Help Now?
Question/Comment: A friend of mine disputes the notion that FDR’s New Deal rescued the nation from the Great Depression; he argues that the war effort was the major contributor. Do you believe FDR’s big government investment efforts in fact helped … Continue reading