Nov 22 New North Korean Nuclear Facility Raises Concerns; Ireland Accepts Bailout U.S. intelligence and new satellite images from North Korea's Yongbyon nuclear facility appear to show that the country is building a new light-water reactor, raising fears that the plant would be used to boost North Korea's nuclear weapons capability. Continue reading
Nov 22 Watch Rep. Schakowsky: Social Security Not Part of Deficit Problem As part of a series of conversations about the country's deficit problems, Judy Woodruff speaks with Democratic Rep. Jan Schakowsky of Illinois about the details of her plan to cut the deficit. Continue watching
Nov 19 The Confidence of Ben Bernanke in Germany By Elizabeth Shell "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal, "laying blame for inflationary pressures in emerging markets and for tensions over currencies on countries like China." The Financial Times underscored another… Continue reading
Nov 19 The Confidence of Ben Bernanke in Germany For a speech by a Federal Reserve Chairman, Ben Bernanke's remarks on "global rebalancing" certainly weren't designed to fly under the radar. "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal,… Continue reading
Nov 19 A New Look at Portugal's Economic Picture Pastry store manager Marco Lume gives his perspective on the economy. LISBON, Portugal | At first blush, Lisbon doesn't look like the capital of a country in financial distress. It sports an impressive profile of 18th century elegance and… Continue reading
Nov 19 Watch Bernanke Looks to Turn Tables on Critics of Fed's $600 Billion Move Federal Reserve Chairman Ben Bernanke spoke at the European Central Bank in Frankfurt, defending the Fed's $600 billion stimulus and calling on China and other fast-growing economies not to gain an unfair market advantage by devaluing their currencies. Jeffrey Brown… Continue watching
Nov 19 Joe Nocera's Economic 'Hall of Shame' By Paul Solman "We titled the book 'All the Devils are Here'," said Joe Nocera's co-author, Bethany McLean, "because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the… Continue reading
Nov 19 President Obama Attends NATO Summit; Bernanke Addresses China Imbalances Members of NATO convene Friday in Portugal to formulate a common strategy for the war in Afghanistan and negotiate missile defense in Europe. President Obama will attend a marathon of meetings, hoping to shore up U.S.-European cooperation. Russia's… Continue reading
Nov 19 Republicans, Democrats Gearing Up for Showdown on Tax Cuts "The main thing we've learned is that we're united in recognizing that we have to protect the middle class," Sen. Harry Reid, D-Nev., said Thursday after the Democrats' caucus meeting. Photo by Bill Clark/Roll Call. Democratic leaders announced… Continue reading
Nov 18 Joe Nocera's Hall of Shame By Elizabeth Shell "We titled the book 'All the Devils are Here'," said Joe Nocera's co-author, Bethany McLean, "because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the… Continue reading