May 29 Watch Other News: GM Closes in on Restructuring Deadline In other news, General Motors neared a deadline to submit a restructuring plan and markets rose at the close of the week on Wall Street. Continue watching
May 29 How Might GM's Bankruptcy Work? Question: How might GM’s bankruptcy work? Paul Solman: For answers, I can’t improve upon this exchange with Wayne State law professor Laura Bartell, whose interview we’ll feature in our GM bankruptcy story, slated to run on Monday’s NewsHour. This… Continue reading
May 29 What Led to the High Interest Rates of the 1980s? Question: What were the causes and circumstances that led to the high interest rates in the 80’s? Was it inability to effect a change or inaction in addressing the issue? Paul Solman: If by “interest rates” you mean the rate… Continue reading
May 29 U.S. Economy Shrank 5.7% at Start of Year By Admin, PBS News Hour The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be… Continue reading
May 28 Watch UAW's Gettelfinger Gives Union Take on Auto Deals As GM moves closer to a reorganization plan, UAW President Ron Gettelfinger gives the union's perspective on the recent plans to boost the struggling auto industry. Continue watching
May 28 Watch Other News: Economic Reports Yield Mixed Results In other news, the Labor Department reported that jobless claims fell, and orders for high-cost factory goods and new home sales rose in April. Continue watching
May 28 Watch GM Bondholders Strike a Deal As Bankruptcy Deadline Looms As a bankruptcy deadline looms for General Motors, major bondholders agreed to a deal that offers them a 25 percent stake in the company if they drop opposition to the company's reorganization plan. A reporter explains the negotiations. Continue watching
May 28 Preview: UAW Chief Ron Gettelfinger on the GM Deal Editor’s note: Paul Solman sat down today with United Auto Workers chief Ron Gettelfinger for a wide-ranging interview about the future of the GM, how the union may fare in any reorganization deal, and how Gettelfinger responds to critics who… Continue reading
May 28 Which New Deal Projects Have Ended Up Costing a Bundle Down the Road? Question: I recently watched your report on the Newshour about New Deal infrastructure projects in St. Louis. You mentioned the New Deal brought us the Triborough Bridge in New York, but you didn’t mention that it is currently one… Continue reading
May 28 As GM Deadline Nears, Bondholders Back New Stock Deal By Admin, PBS News Hour General Motors said Thursday that a group of bondholders has accepted a sweetened deal that offers them up to a one-quarter stake in the company if they drop opposition to the struggling automaker's plans to reorganize. Continue reading