Jun 24 In Brazil, Oil Rigs in Sight, but World Cup on Minds As we flew into Rio de Janeiro Wednesday, the city's jagged emerald mountains, sapphire blue waters and ribbon of white beaches seemed as pristine and beautiful as advertised, a natural paradise for residents and vacationers alike. Yet Thursday morning,… Continue reading
Jun 24 Paul Solman: Viewers Respond to Chicken Chase Scene By Paul Solman We received a very sobering set of viewer responses to the opening sequence of our credit crunch story from Springfield, Mo., the other night, of which a few are excerpted below. I have to confess, I was so caught… Continue reading
Jun 24 Economic Hardship Index Holds Some Good News; Housing Concerns Persist By Dante Chinni Turning on an economic recovery is not like turning on a light. Numbers improve and then, slowly, people begin to feel better and start to spend. In 2010 that means for any real economic improvement to have an impact on… Continue reading
Jun 24 Supreme Court Narrows Scope of 'Honest Services' Law By Quinn Bowman The Supreme Court ruled Thursday to apply more narrowly a law used to prosecute white-collar crime in response to three separate cases involving the so-called "honest services" law. The decisions were unanimous. In Skilling v. United States, former Enron… Continue reading
Jun 24 Viewers Respond to 'Chicken Chase' Scene By Business Desk Paul Solman: We received a very sobering set of viewer responses to the opening sequence of our credit crunch story from Springfield, Mo., the other night, of which a few are excerpted below. I have to confess, I was… Continue reading
Jun 24 Thursday: Containment Cap Replaced; Gen. Petraeus Returns to Spotlight Engineers repositioned the cap on BP's broken oil well late Wednesday after crews were forced to remove what has been the most effective method for containing some of the Gulf of Mexico spill. The logistics coordinator aboard the ship… Continue reading
Jun 24 Watch Economic, Hoops Hopes for Many in Cleveland Pinned on Star LeBron Staying Put As part of his ongoing coverage making sense of economic news, Paul Solman explores the massive economic impact an upcoming decision by NBA superstar LeBron James will have on Cleveland. Continue watching
Jun 23 A Letter From One of the Millions of Unemployed Paul Solman: I received a remarkable message the other day from a longtime e-mail correspondent and it seems worth sharing portions of it on this page. This is what the current job picture feels like for some (many? most? all?)… Continue reading
Jun 23 Allen: Underwater Robot Collision Halts Oil Capture By Chris Amico BP was forced to remove the containment cap that had been capturing some of the oil gushing from the ruptured well in the Gulf, Coast Guard Adm. Thad Allen said Wednesday. A second vessel, the Q4000, is still siphoning oil… Continue reading
Jun 22 A Profit Motive for BP? Question: There is a fortune in oil under the gulf and BP has already put a lot of time, effort and money into getting it. They would be crazy to just cap it if they can get it to a… Continue reading