May 28 New Jobless Claims Fall, Manufacturing Orders Rise By Admin, PBS News Hour In new signs that the recession may be ebbing, orders for big-ticket manufactured goods rose by 1.9 percent and the number of new jobless claims fell, although the number continuing to receive unemployment remained at the highest level since 1967. Continue reading
May 27 Watch News Wrap: GM Moves Closer to Bankruptcy In the day's other news, General Motors moved one step closer to bankruptcy as bondholders rejected the company's offer to trade bond debt for G.M. stock, and Chrysler's lawyers asked a federal bankruptcy court to allow it to sell the… Continue watching
May 27 A Final Thought on the Andrews-McArdle Affair Paul Solman: The blizzard of response to the Andrews/McArdle affair has thinned to a flurry, but flakes keep coming, affording me an opportunity to respond to the persistent inclemency and continue the multi-logue, a first for this page. Continue reading
May 27 Do Mutual Funds Count as Savings? Question: You recently did a piece on savings, and it made me wonder. Every month, I shunt some money automatically into mutual funds (nothing to do with an official retirement account). The portion that is in a money market… Continue reading
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