Jan 11 What IF the Banking System Failed? Name: Paul, El Cerrito, Calif. Question: I have been a dedicated viewer of your segments on the NewsHour for years. Unfortunately, even with your fine reporting, I am still confused about the ramifications of the financial meltdown in 2008. I… Continue reading
Jan 11 Making Sen$e: What IF the Banking System Failed? By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Paul, El Cerrito, Calif. I have been a dedicated viewer of… Continue reading
Jan 10 Brown on California Budget Cuts: 'Better to Take Our Medicine Now' While the nation was transfixed by the tragedy in Tucson, California's new governor, Jerry Brown, announced Monday a plan that could dramatically alter the state's welfare, health care, education and other programs. In office only a… Continue reading
Jan 10 Moral AND Ethical to Strategically Default? 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 both legally and morally okay. "It's interesting… Continue reading
Jan 07 Watch Jobless Reading Holds Bright Spots, But Many Quit Searching Employers added 103,000 new jobs in December and unemployment dropped to 9.4%, but the recovery fell short of forecasts. Judy Woodruff looks behind the numbers with Catherine Mann of Brandeis University and John Challenger, CEO of Challenger, Gray & Christmas,… Continue watching
Jan 07 December's Job Numbers: Do They Represent All Job Seekers? By Paul Solman 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… Continue reading
Jan 07 Today's Job Numbers 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… Continue reading
Jan 07 Strategic Default: Immoral or Not? By Paul Solman 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. Continue reading
Jan 07 Unemployment Rate Falls to 9.4%, U.S. Warns People Named in Cable Leaks The Bureau of Labor Statistics announced Friday that unemployment had fallen by 0.4 percent to 9.4 percent in December. Though employers added 103,000 jobs, the figures are lower than forecasted, indicating a a slower-than-expected recovery. Throughout 2010,… Continue reading
Jan 06 Who Do You Hurt When You Walk Away? By Paul Solman 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… Continue reading