Dec 16 FTC Accuses Intel of Stifling Competition The Federal Trade Commission sued Intel* Wednesday, accusing the world's biggest chipmaker of using illegal tactics to stifle its competition. The FTC accused Intel, which supplies about 80 percent of the world's microprocessors, of waging "a systematic campaign… Continue reading
Dec 16 The Year Ahead: Conventional Wisdoms that Get It Wrong Paul Solman: Next up in our week-long series on The Economic Year Ahead: conventional wisdoms economists think are wrong. After asking economists to weigh in on the next crisis and what would surprise them most about the… Continue reading
Dec 16 Fed to Keep Interest Rates ‘Exceptionally Low’ The Federal Reserve wrapped up its final policy meeting of the year on Wednesday, and, as expected, announced it would keep rates near zero "for an extended period." Following two-days of meetings, the central bank's Federal Open Market Committee… Continue reading
Dec 16 Excerpts from ‘Keynes: The Return of the Master’ By Carolyn O'Hara Lord Robert Skidelsky has written a celebrated biography of economist John Maynard Keynes, which he recently discussed with economics correspondent Paul Solman in an interview. Listen to Skidelsky read a portion of an excerpt of the biography below. Continue reading
Dec 16 More Basics of Economics with Paul Samuelson Paul Solman: On Tuesday, we posted the first transcript from a series of interviews I’ve done with Paul Samuelson over the years. This installment picks up where the last left off, explaining the most basic ideas of economics —… Continue reading
Dec 16 Watch Other News: FTC Accuses Intel of Antitrust Violations In other news, the Federal Trade Commission filed suit against Intel for allegedly trying to unfairly stifle competition, and the House voted to let the government borrow another $290 billion over six weeks. Continue watching
Dec 16 Watch Keynes vs. Hayek: Late Economists’ Hip-Hop Legacy As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich… Continue watching
Dec 16 Watch Battle Lines Drawn Around ‘Person of the Year’ Amid nationwide dissatisfaction with the economy, Time Magazine's "Person of the Year" Ben Bernanke faces some opposition in Congress as he looks to serve another term as Federal Reserve chairman. Kwame Holman reports, and then Jim Lehrer speaks with economic… Continue watching
Dec 16 Making Sen$e of 2010: Conventional Wisdoms That May Be Wrong By Carolyn O'Hara As the end of a tumultuous economic year approaches, the PBS NewsHour asked several economists and financial experts to look ahead to 2010 and answer one question: What is the economic conventional wisdom with which you most disagree?… Continue reading
Dec 15 GM to Repay $6.7 Billion in Bailout Funds, CEO Says General Motors plans to repay $6.7 billion in federal aid by the end of June, the company's new chief executive officer, Edward E. Whitacre Jr., told reporters Tuesday. GM owes the U.S. $6.7 billion out of $52 billion… Continue reading