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
Feb 09 Watch Debt Lands Greece in 'New Age of Austerity' With mounting debt putting Greece dangerously close to a sovereign default, the country is under increasing pressure from European Union nations to reign in spending. John Sparks of ITN reports. Continue watching
Feb 08 Stand-up Economist Yoram Bauman Makes Money Funny By Business Desk Paul Solman: We've gotten such a great response to last week’s segment on comedy at the annual economics convention that we’d like to showcase a few more outtakes from stand-up economist Yoram Bauman’s routine. Enjoy. Continue reading
Feb 08 Goldman CEO Takes Home 'Modest' $9 Million Bonus; Thain Goes to CIT As the mid-Atlantic region was hunkering down for a massive winter storm Friday afternoon, Goldman Sachs and JPMorgan Chase ended weeks of speculation on Wall Street and announced their CEOs' bonuses: $9 million in stock for Goldman Sachs… Continue reading
Feb 05 Two Takes on Unemployment By Business Desk Paul Solman: Harry Truman may have longed for a one-handed economist, but it’s probably good that he didn’t get one. Economies, like weather systems, are simply too chaotic to make prediction — much less prescription — unambiguous. It should come… Continue reading