Nov 02 CIT Bankruptcy Produces Winners and Losers CIT, a major lender to small U.S. businesses, filed on Sunday for one of the largest Chapter 11 bankruptcy protections in history. Continue reading
Nov 02 Ask Rogoff and Reinhart Questions About the History of Financial Failures Editor’s note: Tonight on the NewsHour, Paul sits down with economists Kenneth Rogoff and Carmen Reinhart, authors of a new book chronicling an incredible eight centuries of financial crises around the world, This Time Is Different: Eight… Continue reading
Nov 02 Ford Posts Surprise Profit, Expects Profit in 2011 By Lea Winerman Ford Motor Co., the only U.S. automaker to avoid bankruptcy this year, posted a surprise $997 million profit in the third quarter and said it expects 2011 to be "solidly profitable." The report sent Ford's shares up 8.3 percent in… Continue reading
Oct 30 Watch News Wrap: Stocks Slide on Weak Consumer Spending In other news, stocks dropped on Friday on news of weak consumer spending, and the White House said it was unhappy with the output of swine flu vaccine. Continue watching
Oct 30 Making Sen$e of New Credit Card Rules and More Editor’s note: Need a fun distraction on a fall Friday afternoon? Paul has just launched the latest edition of his financial literacy site, Making Sen$e. In the latest edition, you can listen to a podcast with Paul and credit… Continue reading
Oct 30 Stimulus Created, Saved 650,000 Jobs, White House Says By Lea Winerman More than 650,000 jobs have been created or saved by the government's fiscal stimulus program, the White House said Friday. Continue reading
Oct 30 Watch With Jobs Still Elusive, White House Defends Stimulus President Obama's $787 billion stimulus package has saved or created about 650,000 jobs, the White House said Friday. But with unemployment at a 26-year high, the administration is facing increased criticism about ongoing weakness in the labor market. Continue watching
Oct 29 Watch Economy Shows New Signs of Growth, but Jobs Still Lag The U.S. economy ended a year of contraction in the third quarter, expanding by 3.5 percent. While much of the growth is being attributed to President Obama's $787 billion stimulus plan, critics continue to ask, when will jobs return?… Continue watching
Oct 29 In Case You Missed It: AFL-CIO's Trumka Faces Dwindling Ranks Editor’s note: Paul recently sat down with newly elected AFL-CIO President Richard Trumka to discuss how Trumka plans to lead organized labor through a series of current challenges… Continue reading
Oct 29 U.S. Economy Rebounds 3.5% in Third Quarter The U.S. economy expanded at a 3.5 percent annual pace from July to September, according to Commerce Department figures released Thursday, in a signal that the worst recession since the 1930s may be easing. Continue reading