Dec 03 Tough Criticism for Bernanke By Carolyn O'Hara Federal Reserve Chairman Ben Bernanke faced tough criticism Thursday from a Senate committee for the central bank's failure to regulate risk-taking on Wall Street. Continue reading
Dec 03 A Closer Look at Our Patchwork Nation By Ray Suarez An old Bob Marley song includes the lyric, “Remember that when the rain falls, it don’t fall on one man’s house.” The worst recession since the Great Depression has hit millions of Americans in expected and unexpected ways. The pain… Continue reading
Dec 03 Obama Hears Ideas for Job Creation at Summit By Carolyn O'Hara As CEOs, labor leaders, and economists gather at the White House Thursday to discuss how to accelerate U.S. job creation, their challenge is tackling double-digit unemployment while keeping the deficit under control. Continue reading
Dec 03 Watch Comcast, NBC Deal Reshapes Media Landscape Cable giant Comcast bought a majority stake in NBC Universal in a deal valued at approximately $30 billion. Jeffrey Browns talks to business journalists for more on the merger. Continue watching
Dec 03 Watch Other News: Bernanke Defends Tenure as Fed Chief In other news, Ben Bernanke defended his tenure as Federal Reserve chairman before Congress on Thursday, and House Speaker Nancy Pelosi suggested using money left over from the Wall Street bailout to create more jobs. Continue watching
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