Feb 11 Where Does Goldman Sachs Fit in the Greek Debt Crisis? Question: An article in a recent edition of the NYT mentioned that Goldman Sachs had contracts with AIG in 2009 to insure its bearish position in the… Continue reading
Feb 11 New Jobless Claims Fall as White House Predicts Future Job Growth The number of U.S. workers filing an initial claim for jobless benefits dropped last week. According to data released Thursday by the Department of Labor, initial claims for unemployment benefits fell by 43,000 to 440,000 for the week ending… Continue reading
Feb 11 Watch White House Touts New Signs of Job Growth The White House Thursday released its annual report on the economy, predicting an average of 95,000 jobs will be created each month this year. A top White House economic adviser discusses the findings. Continue watching
Feb 11 Watch News Wrap: Bill Clinton Treated for Chest Pains In other news Thursday, former president Bill Clinton underwent surgery for chest pains, and European leaders promised "determined and coordinated action" to support Greece as it battles a debt crisis. Continue watching
Feb 10 Should We Transfer Accounts to Small Banks? Question: Isn’t the best way for “us” to give the big banks a message is to take our accounts to small banks? Is there a rating of small banks to help us make an educated choice? Paul Solman: Funny you… Continue reading
Feb 10 Bernanke Outlines Plan to Unwind Fed's Crisis Policies Fed Chairman Ben Bernanke outlined plans Wednesday to dismantle some of the central bank's policies put in place during the height of the financial crisis. The Fed, in the future, could sell some of the assets on its balance sheet,… Continue reading
Feb 10 Wednesday's Headlines: Snowstorms Pound the East; Greek Workers Strike -- A plow removes snow in front of the News Corp building in Manhattan during a snowstorm Wednesday. (Photo by Chris Hondros/Getty Images.) The second powerful snowstorm to hit the mid-Atlantic and Northeast in less than a week has,… Continue reading
Feb 10 Watch News Wrap: Airbag Issues Prompt Honda Recall In other news Wednesday, faulty airbags pushed carmaker Honda to add 437,000 vehicles to its 15-month-old global recall, and Ben Bernanke outlined plans to unwind the Federal Reserve's crisis policies. Continue watching
Feb 09 If EU Countries Default, How Will the U.S. Be Affected? Question: If the EU PIGS (Portugal, Ireland, Greece, Spain) default, how will this affect the United States? Paul Solman: First, it should be PIIGS. Add an “I” for… Continue reading
Feb 09 Watch Greek Deficit Sends Financial Tremors Through EU The financial markets remain unstable as disagreement persists within the European Union about how to deal with swelling debt levels in Greece, Portugal and Spain. Jeffrey Brown talks to an economist for insight. Continue watching