Arts Jan 18 The Answer to the Exchange Rate Debate: Chinese Inflation The Chinese currency debate has developed a new twist in recent months: Chinese inflation. The argument, made by Columbia University economics professor Geng Xiao in an updated story of ours running on Tuesday's broadcast, is that the rise…
Economy Jan 17 Promises, Promises: The Public Pension Pinch Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Sharon McDonnell Question: I am so very sorry we do not have a…
Economy Jan 13 More Than One Million Homes Foreclosed on in 2010 We've devoted a fair portion of our reporting over the past year to home ownership and foreclosure. Some of those stories ran again, with updates, during the last week of the year. Today comes the official tally for…
Economy Jan 12 Making Sen$e: Is the Fed a Scam? Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Charles, San Francisco, Calif. The Fed Chairman and President Obama often…
Economy Jan 11 Making Sen$e: What IF the Banking System Failed? Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Paul, El Cerrito, Calif. I have been a dedicated viewer of…
Economy Jan 07 December’s Job Numbers: Do They Represent All Job Seekers? I was all set to label our monthly post on the unemployment data "Hold Your Horses" or "Not So Fast," a warning not to overplay the apparently sizable drop in the official unemployment rate from 9.8 percent to 9.4. But…
Economy Jan 07 Strategic Default: Immoral or Not? Rounding out our series today, those of you considering strategic default might find particular encouragement from the web chat with law professor Brent White of the University of Arizona, who thinks it is both legally and morally okay.
Economy Jan 06 Who Do You Hurt When You Walk Away? More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…
Arts Jan 05 Strategic Default: Right or Wrong? We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford…
Arts Jan 04 A Mortgage-Backed Security Map: The Fantastic Fate of One Man’s Loan The complexities of getting or refinancing a mortgage are many: the broker you can or can't trust, the screening of your income and credit, the appraisal, the fear that rates will rise before approval, the title search, the paperwork at…