Jul 13 Simon Johnson on Whether Wall Street Has Changed By Business Desk Paul Solman: MIT’s Simon Johnson, former chief economist at the IMF, is a frequent contributor to the NewsHour and this page. He’s also coauthor of a blog… Continue reading
Jul 13 Is California Printing Its Own Money? Question: Is California printing its own money? Paul Solman: Funny you should ask. The State of California Franchise Tax Board website currently features this statement: “We will accept registered warrants…towards the payment of tax liabilities.” State taxes, of… Continue reading
Jul 10 Watch Other News: Markets Drop, Health Reform Meets Delays In other news, the Dow Jones Industrial Average lost more than 36 points to close at 8146, and the push to overhaul the health care system ran into new delays in Congress. Continue watching
Jul 10 Watch Post-Bankruptcy, GM CEO Pledges New Course After the announcement that General Motors Corp. had completed its 40-day stay under bankruptcy protection, CEO Fritz Henderson speaks to Judy Woodruff about the company's goals for remaking the struggling auto maker. Continue watching
Jul 10 Timeline: Big Three Automakers' Recent Troubles By PBS News Hour Review some of the key developments and coverage of the auto industry's troubles over the past year in this timeline. Continue reading
Jul 10 Staying Positive in a Down Job Market Yesterday, we posted the latest segment from Paul’s Making Sen$e series. In it, he spoke to two very distinct groups — laid-off white collar executives and ex-cons looking for work — and was struck by what he heard from… Continue reading
Jul 10 GM Emerges From Bankruptcy Protection Facing Tough Car Market By PBS News Hour General Motors Corp. CEO Fritz Henderson announced Friday that the company emerged from bankruptcy and now begins the task of remaking the struggling American carmaker that was once the world's largest and most powerful. Continue reading
Jul 10 By Saving on Cheap Goods and Services, Do We Pay More in the End? Question: During a recent story about the demise of the auto industry, there was clip of a Model T Ford driving through the Ford Museum. The narration made the point that one of the things that made Henry Ford successful… Continue reading
Jul 09 Why Do Tube Drivers Earn More than Bus Drivers in the UK? Robert Frank: A British reader posted the following query on my UK publisher’s web site: “Why do tube drivers get paid so much more than bus drivers?” An American economist trying to field questions about markets in the UK… Continue reading
Jul 09 In Case You Missed It: Finding Work in a Down Market On last night’s NewsHour, Paul Solman got some perspective on the difficult job market from two very distinct groups: former executives and former prison inmates. What was striking when he met with the two groups of job seekers was… Continue reading