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
Jul 30 Watch Fed Struggles with Perceptions of Transparency As the debate over the Federal Reserve's transparency heats up in Congress, Paul Solman looks at the agency's attempts to balance public disclosure and the secrecy it uses to protect financial markets. Continue watching
Jul 30 Exxon, Shell Report Massive Drops in Profits Oil giant Exxon Mobil Corp. reported Thursday that its earnings plunged 66 percent in the second quarter, following a steep decline in fuel prices over the past year. Continue reading
Jul 29 Watch In Forum, Bernanke Says Fed Was Late Addressing Subprime Crisis The third and final installment of a special forum with Federal Reserve chief Ben Bernanke, moderated by Jim Lehrer in Kansas City, Mo. Continue watching
Jul 29 Watch Other News: Economy Stabilizing in Parts of U.S., Fed Says In other news, the Federal Reserve indicated that the recession might be easing up but said the labor market remains soft, and Microsoft announced a long-awaited partnership with Yahoo. Continue watching
Jul 29 Microsoft, Yahoo Pair up With Sights on Google After years of courting, Microsoft announced Wednesday that it finally inked a deal with Yahoo in hopes that a partnership could help topple Google from being the Internet search and advertising leader. Continue reading
Jul 29 Tales From the Fed: Rivlin on Popular Misunderstandings of the Fed Paul Solman: The Federal Reserve is one of the least understood government entities in the United States. When I spoke to Alice Rivlin, former vice chair of the Fed Board and now a senior fellow at Brookings, about what… Continue reading
Jul 29 What About Banks That Didn't Take TARP Money? By Business Desk Question: Thank you for your illuminating illustration of the fiasco involving our banks on PBS. How many banks in this country did not take TARP money and why… Continue reading