Aug 03 What's the Basic Function of the Stock Market? Question: I would like to ask you two simple (some might say “simple-minded”) questions, which may be variants of a single question. No one has yet given me a clear, straightforward answer. Perhaps you can and will. 1) Why does… Continue reading
Aug 03 Despite Critics, Senate Considers $2B Boost for 'Cash for Clunkers' By Dave Gustafson The government's "cash for clunkers" program helped prop up sagging auto sales in July, but the popular program is almost out of cash and the Senate is considering a $2 billion infusion by the end of the week. Continue reading
Jul 31 Watch Congress Considers Plan to Influence Executive Pay Congress might give the government some say in how much Wall Street executives are paid. A former SEC accountant and a law professor give their take on the plan. Continue watching
Jul 31 Watch Other News: House to Add $2 Billion to Cash for Clunkers The House rushed to inject $2 billion into the cash for clunkers program, and the Associated Press reported that thousands of decaying bridges are suffering under the stimulus package. Continue watching
Jul 31 Watch Recession Shows Signs of Easing Grip on U.S. Economy New economic figures hinted that the U.S. recession could be slowing down. Jeffrey Brown gets analysis from a banker and a journalist. Continue watching
Jul 31 U.S. Economy Shrinks Less Than Expected By Dave Gustafson The U.S. economy sank at a pace of just 1 percent in the second quarter of the year, the Commerce Department reported Friday, in a better-than-expected showing that the recession could be winding down. Continue reading
Jul 31 Tales From the Fed: Blinder on Greenspan Paul Solman: The last in our extended interviews on the Fed: Alan Blinder, who served as the vice chairman of the Fed Board of Governors between 1994 and 1996, weighing in on Alan Greenspan’s legacy and what it was… Continue reading
Jul 30 Tales From the Fed: Blinder on Fed Transparency By Business Desk Paul Solman: The Federal Reserve has long had a reputation for being secretive. Its closed-door policy has fueled suspicions and countless conspiracy theories since the central bank was established nearly a century ago. And since the Fed has moved rapidly… Continue reading
Jul 30 Tales From the Fed: Rivlin on Fed Independence Paul Solman: Tonight on the NewsHour, we’re airing a piece exploring the suspicions some people have about the Federal Reserve and the the Fed’s efforts to be more transparent. Amid all the talk of auditing the Fed or having… Continue reading
Jul 30 How Can the Repaid TARP Money Be Used? Question: Is the $68 billion that big banks are paying back in TARP money going back to the taxpayer or can it be reused by the Treasury in some of its other schemes (e.g. Continue reading