Economy

  • March 3, 2005  

    Federal Reserve Chairman Alan Greenspan met with President Bush’s Federal Advisory Panel on Fundamental Tax Reform on Thursday. He said a system that combines elements of consumption and income taxes might be the best way to overhaul the nation’s tax system. A discussion on the pros and cons of a consumption tax. Continue reading

  • March 3, 2005  

    Federal Communications Commission Chairman Michael Powell announced in January that he was stepping down in March. Powell has been the FCC chairman since 2001 and a member of the panel since 1998. Two experts analyze the FCC’s future for the new incoming chairman. Continue reading

  • March 2, 2005  

    A bill up for debate in the Senate will make it harder for people to walk away from personal debts such as credit cards after they have declared bankruptcy. Continue reading

  • February 28, 2005   BY  

    Federated Department Stores Inc., parent to high-end retailers Bloomingdale’s and Macy’s, is buying rival May Department Stores Co. for $11 billion in cash and stock, the companies announced Monday. Continue reading

  • February 28, 2005  

    Former WorldCom CEO Bernard Ebbers on trial for an $11 billion accounting fraud was called to the witness stand by his lawyers. Ebbers categorically denied any involvement in the scandal that resulted in the nation’s largest bankruptcy case. Continue reading

  • February 24, 2005  

    The Federal Trade Commission estimates that 10 million Americans are victims of identity theft every year. Ray Suarez leads a discussion with two privacy experts about the growing problem of identity theft. Continue reading

  • February 23, 2005  

    Federal prosecutors rested their case against former Worldcom CEO Bernard Ebbers on Wednesday after 16 days of testimony. Ebbers is accused of orchestrating an $11 billion accounting fraud and faces up to 85 years in prison. A New York Times reporter speaks about the Ebbers’ trial. Continue reading

  • February 16, 2005   BY  

    President Bush said Wednesday that he has not ruled out raising taxes on people who earn more than $90,000 a year to help boost Social Security’s finances. Continue reading

  • February 14, 2005   BY  

    Verizon Communications Inc. beat out a bid by rival Qwest Communications International to buy MCI Corp. for $6.75 billion in the third big telecommunications merger in two months. Continue reading

  • February 10, 2005  

    Hewlett-Packard Co. appointed an interim chief executive Thursday to replace Carly Fiorina, who was ousted Wednesday amid differences with the computer company’s board. A report on Fiorina’s rise and fall. Continue reading