Dec 11 Friday's Headlines: House Is Close to Passing Financial Overhaul Bill House leaders moved closer Thursday night to approving a sweeping overhaul of the country's financial regulatory system. If enacted, the bill "would mark the largest revamp to the country's financial regulatory regime since the Great Depression," reports the… Continue reading
Dec 11 Are Banks Slow-Rolling Foreclosures to Avoid Losses? Question: It seems that banks are slow-rolling foreclosures to avoid recognizing losses. This would imply their balance sheets are weaker than stated. Is the FDIC concerned about this? Paul Solman: I haven’t been in… Continue reading
Dec 11 Watch Good Times Go On Holiday In Oregon Tourist Town As part of the Patchwork Nation series examining communities across the U.S., Ray Suarez travels to picturesque Lincoln City, Oregon, where the recession has sapped the local tourism industry. Continue watching
Dec 11 Watch Pay Czar Feinberg Rolls Out Salary Caps on Wall Street Execs The Obama administration's pay czar, Kenneth Feinberg, has set a $500,000 limit on executive compensation at bailed-out financial firms. In an interview with Judy Woodruff, Feinberg explains the pay cap. Continue watching
Dec 11 Watch House OKs Sweeping Wall Street Overhaul The House on Friday voted 223 to 202 in favor of the most far-reaching overhaul of financial regulation since the Great Depression in hopes of averting a repeat of last year's banking crisis. Kwame Holman reports. Continue watching
Dec 11 Patchwork Nation: Catching the Wind on Oregon's Central Coast Lincoln City, Ore., known as the "Kite Capital of the World," hosts three kite festivals every year. Continue reading
Dec 10 Geithner: Hasty Exit From TARP Could Prolong Downturn Testifying before an oversight panel for the Troubled Asset Relief Program Thursday, Treasury Secretary Tim Geithner said that the U.S. economy is much improved, but struggling against "headwinds" like high unemployment and foreclosure rates. As a result, he argued, the… Continue reading
Dec 10 Web-Exclusive Video: Is Retirement Good for You? By Business Desk Editor’s note: Tonight’s NewsHour features Paul’s Making Sen$e report on how older workers are struggling to find work in this tough job market, a segment we’ve previewed here on Making Sen$e. In a Web-exclusive video, Paul explores the debate over… Continue reading
Dec 10 Where Do Temp Workers Fit in the Latest Unemployment Figures? Paul Solman: Another Twitter question, this one from a Chicago actress who goes by the handle “alipoombayay” ‘could surge mean unemp ran out for lst yr`s laid off and they can finally temp wo losing benefits?’ She means the surge… Continue reading