Dec 11 Patchwork Nation: Health Care System Buckles as Tourism Slows in Ore. By Anna Shoup In Lincoln City, Ore., where the local economy remains heavily dependent on tourism, many jobs lack health insurance. And when jobs become scarce, even more find themselves struggling to find care. Continue reading
Dec 11 Ray Suarez Tests His Hand at Glassblowing in Lincoln City, Ore. By Ray Suarez When the PBS NewsHour crew was in Lincoln City, Ore., as part of the Patchwork Nation project, senior correspondent Ray Suarez tested his hand at glassblowing. Watch and read more about his experience: I had a very good… Continue reading
Dec 11 Financial Regulatory Overhaul Passes House In a vote of 223-202, the House passed sweeping changes Friday afternoon to the way the financial system is regulated, with the creation of a new consumer watchdog agency, new authority for the Fed to police financial firms, and a… Continue reading
Dec 11 Feinberg Issues New Salary Caps for TARP Firms New compensation rules issued Friday will cap 2009 pay at $500,000 cash for about 450 employees at four companies that have received government bailout funds. The new guidelines affect the 26th- through 100th-highest-paid employees at the affected firms, which include… Continue reading
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