May 07 Business Media Ask Themselves: ‘Did We Blow It?’ By PBS News Hour The business press convened in Denver recently to answer a key question: When it comes to coverage of the meltdown, did 9,000 journalists blow it?… Continue reading
May 07 GM Reports Heavy Losses in the First Quarter By Admin, PBS News Hour General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter. Continue reading
May 07 What Is a Stress Test? Why Are They Being Done? Question: What are the stress tests? And why are they being done? Paul Solman: A stress tests is simply an analysis of a bank’s balance sheet. To determine what? Whether the bank is viable as a business. Or likely to… Continue reading
May 06 Are Examiners Preventing Banks from Lending? Question: I am a commercial mortgage broker in California. I have had nearly every bank recently advise that their examiners are preventing them from lending. How can we get out of this mess if the examiners, in effect, prevent the… Continue reading
May 05 Watch Glimmers of Economic Hope Emerge, But Tough Road May Remain Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy should pull out of a recession and start growing again later this year. Financial analysts assess where the economy stands and how new job numbers may impact the picture. Continue watching
May 05 Watch Finance Fallacy: Saving vs. Investing Understanding today's economy is hard enough without having to wrestle with popular misconceptions and misinformation. In a new series, Paul Solman and guests debunk the conventional wisdom to help make sense of our economic world. Continue watching
May 05 Benefits of Shutdown Debated as Mexico City Lumbers Back to Life By PBS News Hour Senior correspondent Ray Suarez is in Mexico City to report on the H1N1 flu virus outbreak. In this reporter's notebook that he filed Monday, he reports on the huge city coming back to life after a days-long shutdown aimed at… Continue reading
May 05 Fed Chair: Economy Should Grow Later in 2009 By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy should pull out of a recession and start growing again later this year. Continue reading
May 05 Reader Response: Robert McElvaine on the Great Depression By Business Desk Comment: The coverage of the Great Depression by Robert McElvaine was so one sided it was unbelievable. [Editor’s note: You can watch the segment below.] Yes, the Great Depression was horrible, millions of people were out of work and… Continue reading
May 04 Watch Alleged Ponzi Scheme Swindled Immigrants in Los Angeles Amid growing complaints about Ponzi-type schemes in the wake of the Bernard Madoff scandal, a company in Los Angeles is alleged to have swindled investors out of millions. Special correspondent Jeffrey Kaye reports. Continue watching