Apr 27 When Will Any Housing Recovery Reach Small Businesses and Contractors? Question: The housing downturn has affected not only large builders, but also small businesses and contractors that support and supply them. How long will any recovery take for these sort of businesses? Paul Solman: I’m sort of a broken CD… Continue reading
Apr 27 How Does InBev's Purchase of Anheuser-Busch Affect St. Louis? Question: For nearly 150 years, Anheuser-Busch was locally owned here in St. Louis. Now, it’s owned by someone in Belgium. Does this really mean anything for St. Louis beyond those who work for Anheuser-Busch/InBev? Paul Solman: It certainly might. A… Continue reading
Apr 27 GM to Slash Factory Jobs, Eliminate Pontiac Brand By PBS News Hour General Motors Corp. revealed restructuring plans Monday that include cutting 21,000 U.S. factory jobs by next year and phasing out its Pontiac brand. Continue reading
Apr 24 Watch In Slumping Economy, a Shift in Shopping Habits Economics correspondent Paul Solman speaks with author Paco Underhill about how consumer habits have changed during this recession. Continue watching
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