Nov 24 Report: 23% of Mortgaged Homes 'Underwater' The number of U.S. homes worth less than the mortgages owed on them reached 10.7 million, or 23 percent of all mortgaged homes, in the third quarter, according to a new report. Continue reading
Nov 24 Student Questions: Obama's Economic Policies Editor’s note: This week, the Business Desk continues to feature questions from students in three high schools around the country. Question: What changes has President Obama made to American economic policy? — Anthony, senior, Carle Place High School, Carle… Continue reading
Nov 23 Exactly Who Is the FDIC? Question: Exactly who is the FDIC? Who sits on the board? Who do they answer to? What crystal ball do they use to make their decisions? What authority, if any, do they have over… Continue reading
Nov 23 Monday on the NewsHour: New Biography Brings Dorothea Lange's Life Into Focus By Tom LeGro Some photographs, like "Migrant Mother," have become iconic images, part of our shared history. It and many other photos were taken by a woman who is herself the subject of a new biography: "Dorothea Lange: A Life Beyond Limits."… Continue reading
Nov 23 Watch India's Economy Remains Robust Despite Global Downturn Amid a global economic crisis, India's economy has managed to remain robust, fueling the growth of a large middle class. As Fred de Sam Lazaro reports, however, about 800 million residents in India still try to survive on less than… Continue watching
Nov 23 Watch Across the U.S., Shaky Signs of Economic Recovery Emerge A flurry of economic reports lately paint a mixed picture of a U.S. economy showing new growth, despite mounting job losses. Ray Suarez speaks to experts for a snapshot of just how well the recovery is faring. Continue watching
Nov 20 Should the Gov't Anchor Its Economic Rescue to the Middle-Class Homeowner? Question: I remember a person, whom I believe was an economics professor at Columbia University, who during the financial crisis proposed that the government anchor their financial rescue strategy to the middle class homeowner, rather than government investment in ‘too… Continue reading
Nov 19 Who Regulates the Student Loan Industry? Question: Who regulates the student loan industry to stop the practice of gouging young people with excessive interest charges added to their principal when they “defer” payment …the govt doesn’t pay the interest and the loans mushroom. Paul Solman: As… Continue reading
Nov 18 Did Tax Cuts Create U.S. Jobs? Question: The Bush tax cuts put billions in the hands of corporations and other businesses with the hope that they would create U.S. jobs, especially manufacturing jobs in the United States. Did this actually happen or did much of that… Continue reading
Nov 17 What's the 'Next New Thing' to Solve the Jobs Crisis? Question: Hi Paul. If it’s going to take a “new thing,” a la the Internet, to pull us out of the unemployment funk, what do you think it is ? Paul Solman: When I receive a query like this,… Continue reading