Jan 21 Watch Are Bank Restrictions Enough to Prevent Another Recession? Judy Woodruff speaks with Rep. Scott Garrett, R-N.J., about the proposed restrictions on the nation's financial institutions and how this will affect consumers and the economy. Continue watching
Jan 21 Watch Geithner: Banks with 'Privilege' of Borrowing from U.S. Must Limit Risk President Obama moved to impose new restrictions on banks aimed to discourage the kind of risky behavior that led to the financial collapse. Judy Woodruff speaks with Treasury Secretary Timothy Geithner about the president's proposals. Continue watching
Jan 20 Is Unemployment in Massachusetts to Blame for Coakley's Loss? By Hari Sreenivasan _pap_embed_custom('news01s392cqd89',482,304,""); As the GOP's Scott Brown prepares to head to Washington after his victory in the Massachusetts Senate race, Dante Chinni of the Patchwork Nation project stopped by the Rundown Wednesday to discuss the issues driving the unexpected… Continue reading
Jan 20 Bank Bonuses to Exceed Pre-Crisis Levels By Carolyn O'Hara _pap_embed_custom('news01s3928qd89',482,304,""); With Wall Street banks poised to offer record paydays for employees, Wall Street Journal columnist Dennis Berman explains the latest bank earnings reports and Wall Street's reaction to the Obama administration's proposed tax on big banks. Continue reading
Jan 20 How Can We Base an Economy on Consumption? Question: I have heard and read many times that consumer spending is a major part of our economy. Reading the paper on a recent morning, I read that consumer spending accounts for 70 percent of U.S. economic activity. It is… Continue reading
Jan 19 Kraft and Cadbury Reach Merger Deal After several months of often contentious talks, Cadbury has accepted Kraft's takeover offer, creating the world's biggest confectioner in a deal valued around $19.4 billion. Cadbury had strongly resisted any such deal for months; at one point in… Continue reading
Jan 19 Richard Freeman on Changing Wall Street By Business Desk Paul Solman: A few months ago, Harvard economist Richard Freeman took us on a recession walking tour of the Boston area. Among the many hats Freeman wears is working at the National Bureau of Economic Research, which declares… Continue reading
Jan 15 Paul Krugman on Values and Economics By Business Desk Paul Solman: To follow up our conversation with Paul Krugman yesterday on how to tackle financial reform, we go ‘up close and personal’ with the Nobel-winning economist today, kicking off with this question I pose to him: Don’t… Continue reading
Jan 14 Paul Krugman on Financial Reform By Business Desk Paul Solman: At January's annual economics meeting in Atlanta, we sat down one-on-one with a variety of intriguing economists, none of whom I've known longer than Paul Krugman. I first interviewed him in the early 1980s, back when… Continue reading
Jan 14 Obama Proposes Tax on Biggest Banks to Recoup Bailout Funds UPDATE - 2:05 P.M.: In his remarks this morning announcing the proposed tax on the nation's biggest banks, President Obama said he wants to "recover every single dime the American people are owed." He went on: "We're already hearing a… Continue reading