Oct 12 This Year’s Nobel Prize Winners in Economics: Skeptics and Supporters By Paul Solman A few words about the Nobel Prize in economics and this year's winners. First, the skeptics. They are eager to point out that the prize in economics is actually the Sveriges Riksbank Prize in Economic Sciences… Continue reading
Oct 08 September Job Losses Steeper, Worse for Economy Than Expected By Paul Solman Disturbing September job numbers out Friday showed a net loss in total employment of 95,000 jobs, as the federal government dropped 76,000 positions, mainly Census workers, and state and local governments lost 83,000. In the private sector, jobs increased… Continue reading
Oct 07 Upcoming: Ways To Deal With the Foreclosure Crisis By Paul Solman The past week's revelations of bank insouciance with regard to the legal niceties of foreclosure and eviction, most notably the robo-signers who admitted they did not read what they signed off on, have led to a national push… Continue reading
Oct 05 With Such High Unemployment, Should the Foreign Worker Program End? By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news every day on his Making Sense page. Here's Tuesday's query: Name: John Carter Question: Given current employment, why is there still an H1-B program… Continue reading
Oct 04 What’s The Best ‘Spending Yourself Out Of Recession’ Argument? By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news every day on his Making Sense page. Here's Monday's query: Question: You recently answered a question about why stimulus spending is the government's responsibility. I… Continue reading
Sep 30 Even As a Small Stockholder, Why Don’t I Have Any Power? Name: Frances Pearson Question: I am a small stockholder. My portfolio is all blue chip. Stockholders in every company are trying to control executive compensation- to no avail. (I vote for all stockholder proposals and do not give my proxy… Continue reading
Sep 27 Lehman Art Auctions Better Than Expected As a follow up to Friday's Lehman Brother's art collection video, this video looks at how some of the pieces actually fared on Sotheby's auction block. Overall, the sale went slightly better than expected: while experts were… Continue reading
Sep 24 Art Collection Could Prove Shrewd Investment for Lehman Brothers By Paul Solman Two years to the month after the titan of Wall Street declared bankruptcy, Lehman Brothers' extensive and diverse art collection is headed to the titans of the auction block: Sotheby's of New York and Christie's of London. The art was… Continue reading
Sep 17 Sizing Up Wall Street Critic Elizabeth Warren as Your Consumer Advocate By Paul Solman Today, Elizabeth Warren was put into de facto control of the Consumer Financial Protection Bureau she helped conceive. Opposition from America's banks was the widely reported reason she wasn't formally nominated to run it. One might wonder that the U.S. Continue reading
Sep 14 Update | Mott’s Strike Settled: Workers Returning to Apple Sauce Factory By Paul Solman There was considerable viewer interest in last week's story on increased U.S. productivity being caused by a reservoir of unemployed workers, allowing firms to pressure workers to toil longer and harder for the same or lower wages. Our… Continue reading