May 27 Watch GM Bankruptcy Would Mark Milestone in Industrial America After the rejection of General Motors' offer to trade bond debt for company stock, analysts consider what a GM bankruptcy says about the company and the auto industry generally. Continue watching
May 27 After Bond Deal Fails, Bankruptcy Likely for GM By PBS News Hour An offer by General Motors to its bondholders to trade bond debt for company stock fell through just days before the company must submit a government-ordered restructuring plan. Continue reading
May 26 Is There Any Talk of Reinstating Glass-Steagall? By Business Desk Question: Is there any talk of reinstating the Glass-Steagall Act? Paul Solman: For those who can’t remember as far back as 1933, Glass-Steagall was an act of Congress passed only three months after President Roosevelt took office and… Continue reading
May 25 Watch Summer Travelers Witness Another Rise in Gas Prices As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up. Continue watching
May 25 Response to Andrews-McArdle Question: How do you react to the unseasonal blizzard of emails in response to the Megan McArdle post/the Ed Andrews parry/the McArdle riposte? Paul Solman: Fascinating to see the strength of sentiment — on both sides. Enough of the facts… Continue reading
May 22 Watch Other News: Obama Signs Credit Card Reform Bill In other news, President Obama signed a bill approving sweeping changes for the credit card industry aimed at helping cardholders. Continue watching
May 22 Watch As Deadline Nears, GM May be Headed for Bankruptcy Kwame Holman provides an update on reports that General Motors is likely to file for bankruptcy and that Chrysler is looking to conclude its bankruptcy proceedings. Continue watching
May 22 Ed Andrews Responds to Criticism in the Blogosphere Paul Solman: Yesterday, free-market enthusiast Megan McArdle, who describes herself as “the tallest female econoblogger” but is more often identified in the blogosphere as a libertarian, devoted a post on theAtlantic.com to Ed Andrews, the… Continue reading
May 22 What Are the Chances the Government Will Profit on the Bank Bailouts? Question: It seems that almost all of the news we hear about the government’s bailout of the banks is negative, as if the American taxpayer will never see another dime of the bailout money again. But isn’t it true… Continue reading
May 21 Watch For One Reporter, a Personal Journey Through the Mortgage Meltdown In the latest report of his Making Sen$e series, Paul Solman talks to New York Times economics reporter Ed Andrews, who chronicles his personal tale of the mortgage crisis in "Busted: Life Inside the Great Mortgage Meltdown."… Continue watching