Apr 07 What Do You Think of Credit Unions? Question: Just saw your piece on moving money to the “George Bailey Banks” (GBB) and the “Too-Big-To-Fail” (TBTF) banks. I really like my credit union — I’d like… Continue reading
Apr 07 Greenspan Defends Fed's Role in Run-up to Financial Crisis Former Federal Reserve Chairman Alan Greenspan appeared before a congressional committee investigating the causes of the financial crisis on Wednesday. His message: The Federal Reserve is not to blame for the meltdown. In more than two hours of testimony,… Continue reading
Apr 07 GM Announces $4.3 Billion Loss in First Post-Bankruptcy Report General Motors announced Wednesday it lost $4.3 billion in the six months that followed its emergence from the fourth largest corporate bankruptcy in U.S. history last summer. While the loss may seem staggering, the company's first official… Continue reading
Apr 07 Wednesday: Hopes Fading for Trapped Miners; Geithner to Visit China West Virginia Gov. Joe Manchin points to a map of the Upper Big Branch Mine on Wednesday. (Photo by Mark Wilson/Getty Images.) As rescue teams race Wednesday to locate four trapped workers from the West Virginia coal mine where… Continue reading
Apr 06 Removing Risk Taking from the Banking Industry Editor’s Note: On the NewsHour tonight, leaders of the Move Your Money movement explain why they think Americans should move their money from large “too-big-to-fail” banks to small community institutions. “I hope it sends a warning to the big… Continue reading
Apr 06 Economist Advocates Removing Risk Taking from the Banking Industry Editor's note: On the NewsHour tonight, leaders of the "Move Your Money" movement explain why they think Americans should move their money from large "too-big-to-fail" banks to small community institutions. "I hope it sends a warning to the big… Continue reading
Apr 06 Tuesday: Mine Rescue Hampered by Fumes; 49 Dead in Baghdad Bombings A truck passes a sign Tuesday morning in Whitesville, W.Va., near the explosion at the Massey Energy Company's Upper Big Branch Coal Mine. (Photo by Matt Sullivan/Getty Images.) Unsafe levels of toxic gases forced rescue teams in West Virginia… Continue reading
Apr 06 Watch Should Consumers Move Their Money From Megabanks to Smaller Banks? In the latest in a series of reports making sense of the economy, Paul Solman explores the differences for consumers between small community banks and the "too-big-to-fail" financial giants. Continue watching
Apr 05 iPad Roundup: What the Bloggers Have Said So Far Senior correspondent Jeffrey Brown takes the NewsHour's new iPad for a spin on the set. Photo by Kate Gardiner. Sixty-five days after it was announced, the iPad went on sale Saturday, selling more than 300,000 units… Continue reading
Apr 05 Silicon Valley Story: Applied Materials Executive Relocating to China By Spencer Michels SAN FRANCISCO | Silicon Valley is looking deeply inward and finding things are not as they were. The valley, where firms like Google, Apple, Intel and Applied Materials have their headquarters, is losing steam and perhaps the innovative spirit… Continue reading