Aug 18 Will Layoffs Cause a Double-dip Recession? Question: Paul, companies have been reporting large profits on sluggish revenue growth. The profits are from cost cutting efforts by managers who have accomplished this by reducing labor costs. Could the managers of companies be the cause of a double… Continue reading
Aug 18 A Second Look at Strategic Mortgage Defaulters By Paul Solman In anticipation of Tuesday's rerun of our report on strategic mortgage defaults, producer Lee Koromvokis checked back in with the characters we interviewed back in April for the story. _pap_embed_custom('news01n3e69qe80',482,304,""); Fort Myers restaurant manager Josh Bartlett is still… Continue reading
Aug 18 Wednesday: Aid to Pakistan Falls Short; BP to Begin Transferring Claims Pakistanis walk in the flooded area of Shah Jamal on Wednesday. Photo by Banaras Khan/AFP/Getty Images. The picture of devestation from the floods in Pakistan continues to worsen Wednesday. The European Union said it will spend an extra… Continue reading
Aug 17 Watch Are Fundamental Changes for Mortgage Giants Fannie, Freddie Ahead? The Obama administration is calling for some fundamental changes at mortgage giants Fannie Mae and Freddie Mac. Jim Lehrer discusses the possible changes with William Poole, former Federal Reserve Bank of St. Louis president, and John Taylor of the National… Continue watching
Aug 17 More on 99ers: Reactions and Stories Paul Solman: With our story on the 99ers still up there among the "most watched" NewsHour stories more than a week after it ran, it seemed fitting to share another set of reactions to the story and the issue. After… Continue reading
Aug 17 China's War on Illegal Buildings By Travis Daub In an effort to rid the country of unsafe, illegal and aging structures, the Chinese Ministry of Housing and Urban-Rural Development plans to demolish more than half of the country's residential buildings in the next 20 years. Illegal structures… Continue reading
Aug 17 Oil Well Is Almost Dead, but Legal Wrangling Just Beginning for BP In the coming years, BP will face a complex stew of litigation, fines and penalties stemming from the Gulf oil spill. Continue reading
Aug 17 We're Looking for Stories of Worker Burnout Paul Solman: We’re doing a story on worker burnout and are having trouble finding case studies. Can you or someone you know, or even know of, direct us to a worker or several who are suffering from being worked too… Continue reading
Aug 16 Why Can't the Fed Refuse to Loan Money to Banks That Pay Lavish Salaries? Question: Why can’t the Federal Reserve refuse to loan money — at practically no interest — to banks that give their executives lavish salaries and bonuses? Paul Solman: You tell me. I think they’d say it wasn’t allowed. But as… Continue reading
Aug 16 New Political Groups Face Few Spending and Donation Limits In the wake of the landmark Citizens United v. FEC campaign finance ruling, unions and corporations are now allowed to spend unlimited amounts of their own money to support candidates via advertising. But those are not the only changes… Continue reading