Sep 01 Is Fed Policy of Interest on Excess Reserves 'Outrageous'? By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news on his Making Sen$e page. Here is Thursday's query. Name: Fred McEwan Question: [A] Huffington Post article states that one huge reason for… Continue reading
Sep 01 Is Fed Policy of Interest on Excess Reserves 'Outrageous'? By Paul Solman Name: Fred McEwan Question: [A] Huffington Post article states that one huge reason for banks not lending is that the Fed pays them a quarter cent interest on all their held cash assets. If this is true, why would they… Continue reading
Aug 31 Labor Leader Trumka: Job-Creation Plans Require 'Boldness' AFL-CIO President Richard Trumka; file photo When it comes to jump-starting the struggling U.S. economy, AFL-CIO President Richard Trumka proclaimed Wednesday, "This is a time for boldness." The labor leader spoke at his union's annual Labor Day news conference… Continue reading
Aug 31 Watch DOJ Makes 'Audacious' Move to Block $39B AT&T, T-Mobile Merger The Department of Justice filed suit Wednesday to block the proposed $39 billion merger between AT&T and T-Mobile, which would create the largest wireless company in the country. Ray Suarez discusses the Obama administration's "unprecedented" move to block the deal… Continue watching
Aug 31 Government Moves to Block AT&T, T-Mobile Merger T-Mobile USA and AT&T signage is seen in New York, U.S., on Wednesday. Photo by Stephen Yang/Bloomberg via Getty Images. The Department of Justice has filed an anti-trust lawsuit to block a planned merger between telecom giants AT&T and… Continue reading
Aug 31 Stand-Up Economist: Always Bring Your Own Toilet Paper By Paul Solman Another vlog today from Our Man in Beijing, Stand-up Economist Yoram Bauman. He's not in China as a comedian, of course, but as an environmental economist, which this post explains. (It also explains why he keeps a roll of toilet… Continue reading
Aug 31 Stand-Up Economist: Always Bring Your Own Toilet Paper Another vlog today from Our Man in Beijing, Stand-up Economist Yoram Bauman. He's not in China as a comedian, of course, but as an environmental economist, which this post explains. (It also explains why he keeps a roll… Continue reading
Aug 30 Watch Millions of Distressed Properties Stuck in 'Shaky' U.S. Housing Market The troubled U.S. housing market got some good news Tuesday with word that prices in four major cities are on the rise, but a full recovery still appears to be a long way off. Jeffrey Brown discusses why home sales… Continue watching
Aug 30 Why U.S. Housing Prices Aren't Falling Off a Cliff Click on the cities above to see how housing prices have changed from June, 2003 to June, 2011 according to the S&P/Case-Shiller Housing Index. Data are in Tuesday morning from what may be the one reliable product coming… Continue reading
Aug 30 Why U.S. Housing Prices Aren't Falling Off a Cliff Click on the cities above to see how housing prices have changed from June, 2003 to June, 2011 according to the S&P/Case-Shiller Housing Index. Data are in Tuesday morning from what may be the one reliable product coming… Continue reading