Nov 10 Watch Next Steps Unclear for Commission's Drastic Debt-Reduction Plan A bipartisan deficit commission appointed by President Obama issued a draft proposal of drastic spending cuts Wednesday, ranging from changes in Social Security to tax policy. Lori Montgomery of the Washington Post gives details on what the panel leaders are… Continue watching
Nov 10 Fiscal Commission Proposes Big Cuts, Tax Reform to Reduce U.S. Debt By Chris Amico The Fiscal Commission charged with charting a path toward a balanced federal budget released a draft report Wednesday, calling for cuts… Continue reading
Nov 10 How Stimulating is Military Spending? 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 Wednesday's query: Name: Rich Tuloch Question: I learned long, long ago in school that… Continue reading
Nov 10 How Stimulating is Military Spending? By Elizabeth Shell Name: Rich Tuloch Question: I learned long, long ago in school that military spending is a form of economic stimulus. If I am correct, the past administration (President Bush & co.) spent a great deal more money as stimulus than… Continue reading
Nov 10 Watch Obama to Face Concerns Over Dollar Deflation, Fed Move at G-20 As President Obama meets global leaders in South Korea to tackle currency and trade disputes, he will face concerns over U.S. actions that could drive down the value of the dollar and hurt the price of exports. Judy Woodruff speaks… Continue watching
Nov 09 Midterm Election Proved Don't-Tread-On-Me Individualism in WEIRD America As to the midterm election last week, the following is prompted by an academic paper urged upon me by several top psychology professors, for reasons having nothing to do with the voting to come. The paper, by psychologists Joseph Henrich,… Continue reading
Nov 09 Former President Bush Uses New Book, Media Tour to Defend His Legacy Former President George W. Bush's memoir "Decision Points." Photo by Saul Loeb/AFP/Getty Images. Tuesday marks the official release of former President George W. Bush's memoir, "Decision Points," in which he reflects on the most significant decisions he made… Continue reading
Nov 08 Watch Live: BP Oil Spill Commission Hearing By News Desk The National Oil Spill Commission is holding two days of public hearings this week into the cause of the Deepwater Horizon rig explosion that triggered the disaster. Officials from BP, Transocean, and Halliburton will be called to answer… Continue reading
Nov 08 The Fed's $600 Billion Move: Monetary Debauchery? By Paul Solman Forgive me for not answering a question today, but for posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter… Continue reading
Nov 08 The Fed's Latest Move: Monetary Debauchery? By Elizabeth Shell Forgive me for not answering a question today, but posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a… Continue reading