Jan 28 Bernanke Approved for Second Term at Fed The Senate voted 70-30 Thursday afternoon to approve Ben Bernanke for a second four-year term as chairman of the Federal Reserve. After several hours of debate in which Bernanke supporters argued that voting down his nomination would imperil a… Continue reading
Jan 28 Keynes-Hayek Rap Video Goes Viral! Non-economists Worldwide Infected! Paul Solman: Forgive the sensationalist headline, but after the pummeling we took for debuting the Keynes v. Hayek rap smackdown in December, what harm in bringin’ in more noise and funk? First came the… Continue reading
Jan 28 Watch Toyota's Safety Record Dented as Recall Widens Toyota expanded its recall to China and Europe on Thursday, but said it was nearing a fix to the gas pedal problem that pushed the automaker to halt sales and production on several popular models. Continue watching
Jan 28 Watch News Wrap: Bernanke Wins Second Term at Fed In other news, the Senate approved Ben Bernanke for a second term as chairman of the Federal Reserve. Senate Democrats also voted to boost the federal debt ceiling by nearly $2 trillion. Continue watching
Jan 27 Fed Votes to Hold Interest Rates Near Zero The Federal Reserve, as expected, announced Wednesday it will keep interest rates near zero "for an extended period" to help support an uneven economic recovery. Sounding a somewhat upbeat tone, the Fed said "that economic recovery has continued… Continue reading
Jan 27 Country Crooner Merle Hazard Sings the Recession Blues By Paul Solman Merle Hazard, who calls himself the “first and only country singer to write about mortgage-backed securities, derivatives, and physics,” provides the soundtrack to our segment Wednesday night about whether the Fed’s interest rate policies will drive us toward inflation… Continue reading
Jan 27 Geithner Faces Tough Questioning Over AIG On Capitol Hill to testify at a House committee hearing about his role in the bailout of AIG, Treasury Secretary Timothy Geithner defended government actions to rescue the insurance giant as "in the best interests of the American people," but… Continue reading
Jan 27 Wednesday's Headline: Obama to Focus on Economy in State of the Union President Barack Obama will deliver his first State of the Union address Wednesday night to a nation and Congress that have become increasingly frustrated and concerned with the foundering economy and health care reform. In his speech, scheduled for 9… Continue reading
Jan 27 Watch Toyota Halts Sales Amid Renewed Safety Fears In an unprecedented move caused by faulty gas pedals, Toyota has halted the sale and production of eight of its top-selling models. Judy Woodruff reports. Continue watching
Jan 27 Watch News Wrap: Davos Meeting Focuses on Big Banks In other news, reigning in big banks led the agenda at the annual economic forum in Davos, Switzerland, while in London world leaders met to map out a strategy for fighting extremism in Yemen. Continue watching