Dec 02 How Many Board Members at Bailed-Out Wall St. Firms Kept Their Jobs? Question: How many people on the Board of Directors at AIG, Citi, B of A, and Goldman Sachs kept their jobs and their salaries (in percentage terms) after receiving billions in bailout funds?… Continue reading
Dec 01 General Motors CEO Fritz Henderson Resigns The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker. Continue reading
Dec 01 Isn’t Currency Control a Protectionist Policy? Question: One of the commentators on the Newhour recently said that China does not want to devalue its currency for fear of decreasing the attractiveness of its export products and increasing unemployment in China. But the Chinese president recently… Continue reading
Nov 30 Is the UK Breaking Up Big Banks? Question: Why is the United Kingdom breaking up big banks that got bailed out? Are they wrong? Paul Solman: The UK seems committed to one interesting idea in the wake of the crisis, but it doesn’t appear to be breaking… Continue reading
Nov 30 Ask Paul a Question The Business Desk is about the basics of economics, and it lives on questions from readers like you. Paul’s mantra: There are no stupid questions. So, please ask away on all things business and economics. Just use the form… Continue reading
Nov 27 Student Questions: The Gap Between Rich and Poor Editor’s note: This week, the Business Desk continues to feature questions from students in three high schools around the country. Question: Why is the financial gap between rich and poor continuing to get wider? — Stephanie, senior, Carle Place… Continue reading
Nov 27 Watch How Will Dubai’s Shaky Economy Affect the World? Margaret Warner talks to economic expert Simon Johnson about how Dubai's weak economy will affect the rest of the world. Continue watching
Nov 27 Watch ‘Black Friday’ Has New Tone Amid Recession Kwame Holman has a look at how consumers are changing their shopping habits during this year's Black Friday because of the financial crisis. Continue watching
Nov 27 Watch Dubai’s Debt Crisis Shakes World Economy The Middle East is roiling with news that Dubai will postpone repaying $60 billion in loans to international banks. Faisal Islam of Independent Television News has the story. Continue watching
Nov 26 Student Questions: The Recession and the Middle Class Editor’s note: This week, the Business Desk continues to feature questions from students in three high schools around the country. Question: What can the average middle class person do to improve their finances during a recession? — Melissa, senior,… Continue reading