Feb 05 Watch News Wrap: Toyota President Apologizes for Recall In other news Friday, Toyota's president Akio Toyoda apologized for the brake problems that triggered a worldwide recall, and at least 40 people are dead in Iraq from two bomb blasts targeting Shi-ite pilgrims. Continue watching
Feb 05 Watch Reagan Budget Chief Offers a ‘Gunslinger’ Defense of Obama’s Bank Reforms With President Obama pushing a bipartisan deal on reforming banking regulations, Paul Solman talks with David Stockman, former Reagan budget chief and Wall Street "gunslinger," about the proposal to tax banks on their size and amount of risk. Continue watching
Feb 04 Karl Case’s (Poetic) Reflections on the Housing Market We've been interviewing Wellesley economics professor Karl 'Chip' Case since the last housing crash here in Boston in the late '80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. He… Continue reading
Feb 04 Karl Case’s (Poetic) Reflections on the Housing Market Paul Solman: We’ve been interviewing Wellesley economics professor Karl ‘Chip’ Case since the last housing crash here in Boston in the late ’80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. Continue reading
Feb 04 Bank of America Faces Fraud Charges New York's Attorney General Andrew Cuomo filed civil securities fraud charges Thursday against Bank of America*, its former CEO Ken Lewis, and former CFO Joe Price. The suit alleges that the bank and the two executives first misled… Continue reading
Feb 04 Reflections on the Housing Market By Carolyn O'Hara Economist Karl Case co-developed the S&P/Case-Shiller Home Price Index, today the most widely watched source of housing market prices in the U.S. Here, in a PBS NewsHour online exclusive, is his summation of the housing crisis -- in verse form. Continue reading
Feb 04 Watch Stand-up Economist Finds the Light Side of a ‘Dismal Science’ Economics isn't exactly a side-splitting discipline, but at a recent economics convention in Atlanta, self-proclaimed "stand-up economist" Yoram Bauman showed it's possible to infuse the sober science with monetary mirth. Continue watching
Feb 04 Watch News Wrap: Stocks Plunge Ahead of January Jobs Report In other news Thursday, stocks fell across the board on fears over the January unemployment report out Friday, and Senate Democrats announced plans to pass a jobs bill as early as next week. Continue watching
Feb 03 Is Bankruptcy the Best Solution for California’s Budget Problems? Question: I wonder if going into bankruptcy would be the best solution for California’s budget deficit problems. Wouldn’t bankruptcy allow for the renegotiation of contracts between the state and, say, labor unions? Pensions and entitlements seem to be a huge… Continue reading
Feb 03 Wednesday’s Headlines: U.S. Soldiers Killed; Illinois Primaries; AIG Bonuses A roadside bomb killed three U.S. soldiers and three students from a girls' school in northwest Pakistan on Wednesday, and in Iraq a bomb planted on a motorcycle killed at least 20 Shiite pilgrims. The American soldiers were in Lower… Continue reading