Sep 03 Can the Economy Truly Recover With So Many States in the Red? Question: We keep hearing phrases such as “when the recession/depression is over,” but none of the analysis (that I’ve read or heard, anyway) addresses the relationship of the current and impending government insolvencies. Surely our economy can’t recover while… Continue reading
Sep 03 Watch Madoff Report Highlights SEC Lapses in Detecting Fraud A scathing report by an inspector general for the Securities and Exchange Commission has found the agency missed numerous chances to uncover Bernard Madoff's Ponzi scheme. A financial reporter and a law professor speak with Jeffrey Brown about the SEC's… Continue watching
Sep 02 A New Deal for Artists Artists today have a number of safety nets to help ease the pain brought on by a battered economy, but during the Great Depression it took a federal stimulus program of sorts to protect many of the nation's painters and… Continue reading
Sep 02 If Big Banks Were Allowed to Fail, Would the FDIC Need a Bailout? Question: Some have said that big banks, like Citi or Bank of America, should have been allowed to fail. Given their size, could the FDIC really have covered the insured deposits? Or would the… Continue reading
Sep 02 Watch Other News: Worker Productivity Soars Most in 6 Years In other news, the Labor Department reported worker productivity jumped last spring by the most in six years, and an SEC investigation concluded that agency flaws enabled Bernie Madoff. Continue watching
Sep 01 What Sectors Will Keep America an Economic Superpower? Question: I’d love to see a discussion on future growth in the American economy. As we’ve witnessed, the financial services sector clearly has a limits to what it can yield. What are the sectors that can keep America an economic… Continue reading
Sep 01 Watch Other News: Stocks Slide on Bank Fears In other news, stocks in the U.S. were hit by fears about additional bank failures, and Iran signaled it may be ready to restart talks over its disputed nuclear program. Continue watching
Aug 31 Sudhir Venkatesh on the New Meaning of Recovery By Business Desk Editor’s note: On tonight’s NewsHour, Paul visits a New York City job fair to get a sense of how many Americans who have been out of work for extended periods of time are coping with their job searches. There’s been… Continue reading
Aug 31 Japanese Election a Major Turning Point for World's No. 2 Economy Voters in Japan on Sunday rejected their incumbent political party for just the second time in postwar history, choosing instead a party that promised to reverse the nation's struggling economy and to redefine Tokyo's relationship with Washington. Continue reading
Aug 31 Watch Few Glimmers of Hope for Unemployed Americans With the long-term unemployment rate at its highest level since 1948, the nation's jobless are taking little solace in recent data suggesting the recession is winding down. In the latest installment of his Making Sen$e series, Paul Solman explores the… Continue watching