Jul 14 Fed to Gulf Coast Banks: Help Those Hurt by the Spill By Chris Amico The Federal Reserve urged Gulf Coast banks Wednesday to help customers get through what is sure to be a tough road ahead economically due to the ongoing oil disaster. In response to this disaster, financial institutions can… Continue reading
Jul 14 Wednesday: BP Delays Test on New Cap; Eight Americans Killed in Afghanistan By Tom LeGro Oil continued to flow into the Gulf of Mexico on Wednesday as the plan to start slowly shutting off valves on the new cap over the well was suddenly halted. Government officials and BP said further analysis must… Continue reading
Jul 14 Watch News Wrap: Federal Reserve Lowers Economic Growth Forecast In other news Wednesday, the Federal Reserve said that its latest estimate for economic growth will not be as high as it predicted in April. Continue watching
Jul 13 Are Banks Carrying Overvalued Commercial Real Estate Loans? Question: I have read some comments that commercial real estate is the next bubble soon to burst. Are banks carrying overvalued loans on their books and the borrowers not being foreclosed on so that these banks will seem to be… Continue reading
Jul 13 Oil Spill, Day 84: The Cap Comes Down By Chris Amico BP locked down its new sealing cap -- "the 3 ram stack" -- around 7 p.m. CST last night and a new container ship connected to the ruptured Deepwater Horizon well an hour later, raising hopes that more oil --… Continue reading
Jul 13 Watch Around the Country, Economic Starts and Stops Gwen Ifill talks to PBS correspondents from New York, Virginia and California about the state of local economies. Continue watching
Jul 13 Watch News Wrap: BP Begins Testing New Oil Cap In other news Tuesday, BP began testing a new containment cap and the Obama administration unveiled a new strategy to combat the spread of HIV and AIDS in the U.S. Continue watching
Jul 12 What Happens in Vegas ... Happens Everywhere By Dante Chinni In a country full of surly voters, Nevada holds claim to some of the surliest. Sky-high unemployment and foreclosure rates have created a volatile atmosphere and Senate Majority Leader Harry Reid appears to be in for a major fight… Continue reading
Jul 12 Where Is a Safe, Conservative Place to Invest Retirement Money? Question: The recent meltdown hit us hard just after I retired. About 40 percent of our money is in mutual fund stocks and we’re losing. My adviser says “don’t look at it.” I was shocked. Where is a conservative place… Continue reading
Jul 12 Oil Spill Update: Anticipation Grows That New Efforts Will Stem Flow By Chris Amico Oil flowed nearly-unabated from the Deepwater Horizon's well Sunday as BP worked to replace its containment dome that had helped funnel oil to a container ship on the surface for more than a month. That new dome could let BP… Continue reading