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
May 04 Watch As U.S. Automakers Struggle, Fiat Seizes Expansion Opportunities With designs for global expansion, Italian automaker Fiat plans to acquire part of the restructured Chrysler company and is moving to take over GM's European unit. A Business Week reporter explains Fiat's plan. Continue watching
May 04 Watch Other News: Obama Outlines Plans to Crack Down On Tax Loopholes In other news, President Barack Obama announced a crackdown on tax loopholes designed to save jobs, and Iraq signaled it will not extend the June 30 deadline for U.S. troops to withdraw from Iraqi cities. Continue watching
May 04 President Obama Outlines Plan to Close Tax Loopholes, Raise U.S. Revenue By Admin, PBS News Hour President Barack Obama outlined a series of steps Monday aimed at overhauling U.S. tax policies that he says reward companies for shifting American jobs overseas and allow wealthy people to avoid paying taxes by using offshore accounts. Continue reading
May 04 How Are Banks Profiting on Mortgage Refinancing? Question: Banks like Wells Fargo and JP Morgan recently announced better-than-expected profits. The given reason is that they are making money on the refinancing of mortgages. Doesn’t mortgage refinancing imply lower rates of interest and repayment? How can they be… Continue reading
May 01 Watch For Those With Low Incomes, Help Creating a Credit History Spencer Michels reports on a program that helps low-income people with no credit gain access to loans and financial counseling. Continue watching
May 01 Watch Other News: Chrysler Bankruptcy Hearings Begin On other news, the Chrysler company's bankruptcy hearings got underway in New York City, and two U.S. marines and one sailor were killed in Iraq on Thursday. Continue watching