Apr 24 Watch Corruption Case Exposes Scope of Bribery in Nigeria Last year, Albert Jack Stanley, the former CEO of KBR, pleaded guilty to bribery for masterminding the payment of more than $180 million to Nigerian officials. PBS Frontline correspondent Lowell Bergmen reports on the damage done by large-scale bribery in… Continue watching
Apr 24 Watch IMF, World Bank Members Mull Third World Aid International Monetary Fund and World Bank officials are meeting in Washington to discuss international efforts to combat poverty and aid development in the face of the global financial crisis. Members talk about their concerns and ideas. Continue watching
Apr 24 What Role Do Cultural Institutions Play During the Downturn? Question: St. Louis has a long-standing tradition of support for and pride in its cultural institutions such as the St. Louis Botanical Gardens and the Saint Louis Zoo. What role, if any, do these sort of institutions play in keeping… Continue reading
Apr 24 International Monetary Fund Considers How to Help Poor Countries During Downturn By PBS News Hour The International Monetary Fund meets this weekend in Washington, D.C., to consider how to use its lending power to help the world's economies -- particularly the world's poorest countries -- weather the current economic crisis. Continue reading
Apr 24 How Does the Downturn Affect Urban Renewal? By Business Desk Editor’s Note: As Barack Obama’s presidency reaches the 100-day mark, the NewsHour is examining how the president’s policies and the economic crisis are affecting one city – St. Louis, where Obama will mark the milestone April 29. Paul’s segment on… Continue reading
Apr 24 Ford's $1.4 Billion Loss in First Quarter Better Than Expected By PBS News Hour Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help. Continue reading
Apr 23 Watch Obama Calls for Reform of Credit Card Practices President Barack Obama put his support Thursday behind a credit card law that will regulate the sudden rate increases and late fees that cause financial trouble for millions of consumers. A financial reporter mulls the state of U.S. credit and… Continue watching
Apr 23 Watch Other News: Jobless Claims Rise, Bombings Strike Iraq In other news, the Labor Department reported more than 6 million Americans are now on jobless benefits and at least 78 people died in two separate suicide bombings in Iraq. Continue watching
Apr 23 Watch GM to Idle Plants as Auto Industry Faces Tough Choices GM will close several plants for up to 10 weeks to help clear its inventory backlog. Analysts and local leaders mull the impact of the move and the industry's path forward. Continue watching
Apr 23 General Motors to Idle Plants for up to 10 Weeks By Admin, PBS News Hour General Motors said Thursday it will idle most of its U.S. plants for up to 10 weeks this summer, trimming some 190,000 vehicles from planned production. The shutdowns will help control high inventories and bring production in line with slower… Continue reading