Oct 16 Frank Friday: A Bonus Economic Naturalist Post Editor’s note: From time to time, we get questions here at the Business Desk that feel designed for our frequent guest blogger Robert Frank, author of The Economic Naturalist: Why Economics Explains Almost Everything. Today, we’re happily… Continue reading
Oct 16 Watch Bank Earnings Reveal Mixed Recovery on Wall Street Third-quarter earnings revealed a mixed picture on Wall Street as Goldman Sachs and J.P. Morgan Chase posted healthy profits, while Bank of America continued to struggle under the weight of rising credit card delinquencies and mortgage defaults. Continue watching
Oct 15 Are the Latest Foreclosure Numbers Good News or Bad News? The Business Desk: The headline on Bloomberg’s foreclosure story this morning: “U.S. Foreclosure Filings Jump 23% to Record in Third Quarter.” The headline on Reuters: “Foreclosures Fall for Second Straight Month.” Both it turns out, are correct. But don’t… Continue reading
Oct 15 Ask Alyssa Katz, Author of 'Our Lot', About Foreclosures and the Housing Crisis Editor’s note: The U.S. foreclosure crisis shows little sign of abating; while foreclosure filings fell last month, they remain near a record high, according to a report released today by real estate firm RealtyTrac. Journalist Alyssa Katz has… Continue reading
Oct 15 Inner Workings at the NewsHour, or The Tale of a Keynes Rap Video Paul Solman: Caveat lector: What follows may be more than you want to know. That said, a blog post about us and TV talk show booking practices, The Perils of a Talking Head, appeared yesterday. I thought it might… Continue reading
Oct 15 Watch IRS Ends Amnesty for Use of Overseas Tax Havens In an interview with Jeffrey Brown, IRS Commissioner Doug Shulman discusses the agency's efforts to close overseas tax shelters. Continue watching
Oct 15 Watch Making Sense of the Foreclosure Crisis In the latest in a series of reports making sense of the economy, NewsHour economics correspondent Paul Solman examines the ongoing foreclosure crisis. Continue watching
Oct 14 Can We Identify Bills that Led to Deregulation Over the Past 30 Years? Question: I’m amazed that we have not seen an historical listing of the series of federal bills from Reagan’s administration, as well as Clinton’s and Bush II, that would identify a series of “deregulating” events that contributed to the current… Continue reading
Oct 14 Watch Wall Street Set for Record Payouts a Year After Crash Despite heightened scrutiny from both the public and regulators in the wake of the AIG bonus scandal, compensation on Wall Street is set for a record year in 2009. Jeffrey Brown reports. Continue watching
Oct 14 Retail Sales Up, but Auto Sales Sag Without 'Clunkers' By Dave Gustafson Retail sales for September fell by the largest amount this year, though most of the drop is attributed to cars sales plummeting at the end of the government's popular 'cash for clunkers' program. Continue reading