Nov 18 GM: Worthless to Record-Breaking By Elizabeth Shell Over a year ago, General Motors told investors its stock was worthless and to stop trading it. To say the company has experienced a turnaround is a bit of an understatement. After a month of speculation and a last-minute… Continue reading
Nov 18 General Motors Launches IPO; Ireland May Receive Massive Bailout Funds GM headquarters in Detroit. Photo by Bill Pugliano/Getty Images. Embattled automaker General Motors will once again be a publicly-traded company, with a stock offering that could be worth as much as $23 billion -- about $13 billion of… Continue reading
Nov 17 Watch Budget Watchdogs Warn of Worsening Deficit, Explore Strategies to Cut Following on the heels of the bipartisan deficit commission chairmen's recommendation of drastic cuts, former Republican Sen. Pete Domenici and former White House Budget Director Alice Rivlin presented a new take on how to reduce the deficit and warned of… Continue watching
Nov 17 Watch In Maine, Service Time Swapped to Help Stretch Dollars in Recession Special correspondent David Brancaccio traveled across America to find people who are creating new jobs and opportunities in their communities to stay afloat during the recession for a PBS documentary called "Fixing the Future." In this excerpt, he reports how… Continue watching
Nov 17 Economics is Missing A Funny Bone | An Interview With 'Merle Hazard' The Fed's announcement of another round of so-called "quantitative easing" (QE2) is all over the news. Basically, it's an announced commitment to create $600 billion dollars or more of new "Federal reserves" - i.e., U.S. dollars - and pump… Continue reading
Nov 17 Watch News Wrap: Pelosi, Boehner Re-Elected to Lead Parties in House In other news Wednesday, outgoing Speaker of the House Nancy Pelosi won enough votes from her Democratic colleagues to keep the party's top spot in the next Congress when the GOP takes over control. As expected, GOP Minority Leader John… Continue watching
Nov 17 On Wednesday's NewsHour: Cholera in Haiti, Nuclear Treaty, Deficit Ideas HAITI'S CHOLERA OUTBREAK | Gwen Ifill speaks with Miami Herald Caribbean correspondent Jacqueline Charles in Port-au-Prince, who says that recent unrest related to a cholera outbreak in Haiti is hampering efforts to contain the spread of the epidemic. NEWS WRAP… Continue reading
Nov 17 The Many Ways to Trim a Deficit: More Debt-Cutting Proposals Unveiled Two more plans to cut the federal deficit and rein in debt landed Wednesday. The problem, as laid out by former Sen. Pete V. Domenici and Alice M. Rivlin, who led President Bill Clinton's budget office, is long-term… Continue reading
Nov 17 Economics is Missing A Funny Bone | An Interview With 'Merle Hazard' By Elizabeth Shell The [Fed's announcement](http://www.pbs.org/newshour/rundown/2010/11/fed-slow-growth-disappointing-will-engage-in-second-round-of-quantitiative-easing.html) of another round of so-called "quantitative easing" (QE2) is much in the news. Basically, it's an announced commitment to create $600 billion dollars or more of new "Federal reserves" - i.e., U.S. dollars - and [pump them… Continue reading
Nov 17 EU in Talks Over Ireland's Finances; Germany Warns of Possible Terrorist Attack; House to Select Leadership (Photo by Aidan Crawley/Bloomberg via Getty Images) European leaders continued talks on how to tackle Ireland's troubled finances, paving the way for a possible bailout that could be worth as much as €100 billion. The crisis in Ireland's… Continue reading