May 11 What’s the Argument FOR Tax Havens? By Business Desk Question: I understand that President Obama is going after the use of offshore tax havens by U.S. corporations. My gut feeling is that he’s right to do this, but I’ve never really heard both sides of the argument. Is there… Continue reading
May 08 Watch Other News: Wall Street Rallies on Jobs Report In other news, the markets rallied on the new jobs report released by the Labor Department and wildfires drove more than 20,000 people from their homes near Santa Barbara, California. Continue watching
May 08 Watch Geithner Weighs Pace of Job Losses, Defends Stress Tests Treasury Secretary Timothy Geithner defends the stringency of the banking stress tests and offers insight on the pace of U.S. job losses as unemployment reaches 8.9 percent. Continue watching
May 08 Watch Black Unemployment in East St. Louis Highlights Disparities Economics correspondent Paul Solman reports on the high unemployment numbers among blacks in East St. Louis, where painful memories of the Great Depression still persist. Continue watching
May 08 Watch U.S. Unemployment Climbs to 8.9% Kwame Holman reports on the latest unemployment numbers and how the White House plans to aid the jobless. Continue watching
May 08 Making Sen$e of Business, Finance, and Economics No more posts for today or the weekend as we debut (drum roll here, even trumpets, perhaps, or maybe a French overture)…our new Making Sen$e Web site, made possible by a grant from the Alfred P. Sloan Foundation,… Continue reading
May 08 Jobs Reports Shows Layoff Pace Slowed in April By PBS News Hour The pace of layoffs slowed in April as employers cut 539,000 jobs, the fewest in six months, according to a Labor Department report released Friday. But the unemployment rate climbed to 8.9 percent, the highest since late 1983. Continue reading
May 07 Watch ‘Stress Tests’ Put Credibility of Banks, Regulators Back in Spotlight On the day the government released better-than-expected stress test results for 19 major banks, a panel of economic analysts explain how the numbers were calculated and gauge the report's impact on the nation's financial health. Continue watching
May 07 Watch Government ‘Stress Tests’ Find Big Banks Need $75 Billion The U.S. Treasury released stress tests of 19 major banks, finding that they collectively need another $75 billion by November. A financial reporter explains the results. Continue watching
May 07 ‘Stress Tests’ Find 10 Big Banks Need $75 Billion By Admin, PBS News Hour The Obama administration's much-anticipated "stress-test" results found that 10 of the nation's 19 biggest banks need a total of about $75 billion in new capital to withstand losses if the recession worsens. Continue reading