Oct 19 Retraining Workers Sounds Great. But For What Jobs? Question: Why does nobody discuss the fact that all the working and many middle class jobs have gone to China and the rest of Asia? Retrain workers — great — but retrain them for what? Paul Solman: You know… Continue reading
Oct 19 Arrests, Scrutiny Put Hedge Fund Sector on Edge The arrests of a prominent Wall Street hedge fund founder and five others on Friday have unsettled the hedge fund world and could spur calls for new rules governing the largely unregulated financial sector. Continue reading
Oct 16 Loan Losses Drive Down Bank of America Earnings Bank of America reported Friday that it lost more than $2.2 billion in the third quarter, largely due to loan defaults and credit card delinquencies. Continue reading
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