The last of six 2008 Nobel Prizes was awarded Monday to Princeton University professor and New York Times columnist Paul Krugman for his research on free trade and globalization. Krugman discusses his research and theories with Jim Lehrer. Continue reading
As global markets try to steady themselves amid an economic crisis, world leaders pledged to pump billions of dollars into U.S. and European economies to allay the problems. A panel of financial experts discuss the move. Continue reading
Stocks across the world closed with large gains Monday after European and U.S. officials poured billions of dollars into struggling banks as part of emergency plans to restore confidence in global financial markets. Continue reading
Question/Comment: Over the past few weeks, we have gone to extreme measures to save economies around the world. Treasuries and central banks to date have used multiple tools to ease this crisis such as, lowering Interest rates, pumping billions of … Continue reading
- If the amount of $62 trillion is owed for credit default swaps, who or what entity eventually pays that?
Question/Comment: If the amount of 62 trillion dollars is owed for credit default swaps, who or what entity eventually pays that? Not even the U.S. government can make up for an amount which is 13 times our GDP. Paul Solman: … Continue reading
- Isn’t much of the $55 trillion dollar market made up of hedge funds and other institutions betting that bonds and other debt products fail?
Question/Comment: I watched your piece on credit default swaps, which was illuminating but I think missed one point. Isn’t much of the $55 trillion dollar market made up of hedge funds and other institutions betting that bonds and other debt … Continue reading
Syndicated columnist Mark Shields and National Review Senior Editor Ramesh Ponnuru discuss the presidential candidates’ plans for the troubled economy and how voters are reacting as Election Day draws ever closer. Continue reading
One year after the Down Jones industrial average peaked above 14,000 points, it closed Friday below 8,500 amid a global financial slump. Economic analysts and reporters give insight on the latest Wall Street woes. Continue reading
Question/Comment: If you had a high tolerance for risk, and you had a mutual fund, which you purchased in one lump sum, and it was down 33 percent, would you put more money into it to make it more like … Continue reading
Wall Street’s credit freeze sparked a global economic crisis and forced U.S. cities and states to tighten their budgets. Elizabeth Brackett reports from Illinois about the state’s financial woes then Chris Hoene of the National League of Cities explains the national downturn. Continue reading