Feb 24 Wednesday Headlines: Toyota President to Testify; Senate to Vote on Jobs Bill Toyota's president, Akio Toyoda, will testify Wednesday before a House committee about the massive recall that has tarnished the world's largest automaker's once sterling reputation for safety. In prepared remarks to the House Committee on Oversight and… Continue reading
Feb 24 Watch LaHood on Toyota: 'I Think That They Were Safety Deaf' Toyota President Akio Toyoda faced tough questions Wednesday from a key House committee about his company's response to safety issues with its vehicles. Gwen Ifill talks to Transportation Secretary Ray LaHood about the government's role in ensuring vehicle safety. Continue watching
Feb 24 Watch News Wrap: Bernanke Says Interest Rates Should Stay Low In other news, Wall Street posted gains Wednesday after Federal Reserve Chairman Ben Bernanke told lawmakers that interest rates should remain low. Also, demonstrators clashed with police in Athens after another strike by workers aimed at government plans to freeze… Continue watching
Feb 24 Watch Jobs Bill Passes Senate with Boost from Republicans Democrats say the $35 million jobs bill that passed the Senate Wednesday could create a quarter of a million jobs. The legislation would temporarily suspend payroll taxes for businesses that hire unemployed workers. Margaret Warner talks to a Washington Post… Continue watching
Feb 23 Is Front-Running Considered Insider Trading? Question: I’ve been a Paul Solman groupie for some years now, but I think your recent piece on front-running was the best ever. Why, under the law, is front-running not considered insider trading? Paul Solman: There IS a… Continue reading
Feb 23 Tuesday's Headlines: Hearings on Toyota Begin; Senate Advances Jobs Bill As the first of three Congressional hearings on the safety standards at Toyota are set to begin Tuesday, the president of the automaker's U.S. operations is apologizing for the company's slow handling of its vehicles' problems. "Put simply, it has… Continue reading
Feb 23 Watch Toyota's Troubles Accelerate with Congressional, Criminal Probes Toyota executive James Lentz apologized to a House subcommittee Tuesday over the motor company's slow response to safety concerns. Jim Lehrer talks with Rep. Bruce Braley, D-Iowa, and Rep. Phil Gingrey, R-Ga., about the first of three congressional probes on… Continue watching
Feb 22 Khan Academy: How to Calculate the Unemployment Rate By Spencer Michels A 33-year-old math and science whiz kid -- working out of his house in California's Silicon Valley -- may be revolutionizing how people all over the world will learn math. He is Salman Khan, and until a few months… Continue reading
Feb 22 What Consumers Should Know About New Credit Card Rules After Congress passed credit card legislation last May, new rules governing credit card companies take effect Monday. Some changes to the way companies can set interest rates and pay schedules already took effect last August. For an idea… Continue reading
Feb 22 Why Is There So Little Mention of Toxic Assets? Question: Why is there no more mention of “toxic assets?” Does Goldman Sachs have any toxic assets on their balance sheet? Paul Solman: Well, Goldman was SELLING toxic assets like mortgage-backed securities to… Continue reading