Jul 16 How is the U.S. Savings Rate Determined? Question: How is the U.S. savings rate, which has gone from near zero percent in the past to 6.9 percent recently, determined? And a more elaborate question: Is it truly the difference between what is earned and what is… Continue reading
Jul 15 Watch Other News: Markets Jump, Plane Crashes in Iran In other news, large gains in the banking and tech sectors led markets higher, and a passenger plane crashed in Iran, killing all 168 people on board. Continue watching
Jul 15 Simon Johnson on Cap and Trade Paul Solman: The third in this week’s series of conversations with economist Simon Johnson has to do with the cap and trade debate — whether cap and trade is a good idea, the feasibility of a carbon tax, and… Continue reading
Jul 15 Reader Response: What Will Drive America's Future Growth? Paul Solman: Viewer John David wrote these questions in an email back in April, responding positively to an interview with marketing expert Paco Underhill, which aired again last night. I only just got around to answering him, which began… Continue reading
Jul 14 Watch Fallout Continues from California's Budget Woes After failing to plug a $26 billion budget gap, California has begun sending out IOUs to cover its costs, but most banks are refusing to accept them. Spencer Michels reports on the ongoing financial crisis in the Golden State. Continue watching
Jul 14 Watch Other News: Obama Predicts More Job Losses, Helicopter Crashes in Afghanistan In other news, President Barack Obama predicted job losses would likely continue to rise for the next few months, and six civilians working for NATO died in Afghanistan when their helicopter crashed. Continue watching
Jul 14 Simon Johnson on China and the U.S. Economy By Business Desk Paul Solman: The second in this week’s series of video exchanges with Simon Johnson of the Peterson Institute of Economics, MIT, and (formerly) the IMF, concerns China. Continue reading
Jul 14 Goldman Sachs Reports Quarterly Profits of $3.4B By PBS News Hour Just a month after paying back $10 billion in government bailout funds, Goldman Sachs reported impressive second-quarter earnings Tuesday, comfortably surpassing analysts' expectations. Continue reading
Jul 13 Watch Global Recession Impacts Dairy Prices, Farmers Amid the economic slowdown, the dairy industry is being hit with high costs and lower profits, forcing many farmers to make tough decisions. NewsHour special correspondent Jeffrey Kaye looks at how some California farmers are responding to depressed global demand. Continue watching
Jul 13 Watch Other News: Markets Rise, Obama Resumes Push for Health Care Reform In other news, the Dow Jones industrial average made significant gains after an analyst expressed optimism for the banking industry, and President Obama warned Congress not to delay or block passage of comprehensive health care reform. Continue watching