May 19 Q&A: Market-Wide 'Circuit Breaker' Rules Proposed to Prevent Crashes After the dramatic "flash crash" of May 6, in which the Dow Jones industrial average fell nearly 1,000 points in the space of a few minutes, regulators have been scrambling to pinpoint the crash's cause and find a… Continue reading
May 18 Democrats Hope for Financial Reform Passage This Week Senate Majority Leader Harry Reid, D-Nev., filed a procedural motion called cloture Monday evening to end debate on the financial reform bill that has been working its way through the Senate, setting up a vote on the legislation as… Continue reading
May 18 How Soon Will the Greek Scenario Occur in the U.S.? Question: How far in the future will the Greek tragedy scenario arrive at U.S. shores?? Paul Solman: A week? A decade? Never? The world of finance is too complex to predict, but here, to bolster collective confidence, are a few… Continue reading
May 17 GM Posts First Profit in Three Years General Motors announced Monday that, thanks to an uptick in sales plus lower debt and expenses after bankruptcy, it made $865 million in profit in the first quarter of this year -- its first profit posting since the… Continue reading
May 17 What's the Motivation of Strategic Defaulters? Question: Your pieces are my favorites, and I never miss one. You recently did one on real estate in Florida that raised a question At one point, you say, “Welsh says he stopped making payments six months ago, and… Continue reading
May 17 Monday: BP Begins Siphoning Oil From Leak; Iran Strikes Deal to Ship Uranium BP took a significant step forward Sunday in the effort to contain the oil spill in the Gulf of Mexico, connecting a mile-long tube from a ship to the damaged pipeline some 5,000 feet below water. Speaking on… Continue reading
May 17 Watch News Wrap: General Motors Back in the Black Following Bankruptcy In other news Monday, General Motors posted its first quarterly profit in nearly three years, thanks to strong sales of new models and expense cuts from its bankruptcy. And in Thailand, resistance leaders and security forces remain in a standoff… Continue watching
May 14 Newshour Connect: Economic Impacts of the Oil Spill on the Gulf Coast By Hari Sreenivasan Beyond the environmental effects of the gulf oil spill disaster, there are several economic ones washing ashore. Along the coast of Louisiana thousands of people in the fishing and tourism industries are suffering. Louisiana Public Broadcasting will include… Continue reading
May 14 Patchwork Nation: Obama's Differing Messages for Varied Views on Recession By Dante Chinni In the age of niche marketing there isn't much use for a standard stump speech, just ask President Obama. Over the past few months he has been roaming the country talking to crowds on what the White House calls a… Continue reading