Mar 10 Watch Madoff Expected to Plead Guilty as Details of Alleged Fraud Case Emerge Lawyers for Bernard Madoff, who allegedly defrauded investors of nearly $50 billion, said that the former Wall Street financier would likely plead guilty to 11 criminal counts on Thursday. New York Times reporter Diana Henriques updates the story. Continue watching
Mar 10 Watch Some Public Transit Agencies Made Risky Financial Deals Some public transport agencies engaged in a similar kind of financial risk-taking that has caused large banks and companies to fail and contributed to the global financial meltdown. Rick Karr reports in the latest installment of the "Blueprint America" series. Continue watching
Mar 10 Watch Bernanke Calls for Overhaul of Financial Regulations Fed chief Ben Bernanke called Tuesday for a regulation overhaul to prevent future financial crises and monitor "too-big-to-fail" institutions. Analysts weigh the call for reform. Continue watching
Mar 10 Watch Other News: Obama Announces Education Plan In the day's other news, President Obama outlined his education plan and at least 33 people died in a suicide bombing in Iraq. Continue watching
Mar 10 Watch Markets Rally, Bernanke Presses for Revamped Rules Jeffrey Brown reports the economic news of the day, including the stock market's surge and Federal Reserve Chairman Ben Bernanke's speech on tightening federal financial regulations. Continue watching
Mar 10 Bernanke Calls for Broad Overhaul of Financial Regulatory System By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke said Tuesday that the country's financial regulatory system needs a broad overhaul to strengthen oversight of financial institutions whose failure would put the entire economy in danger. Continue reading
Mar 10 Is It Realistic for the President to Cut the Deficit in Half? By Business Desk Question: Is it realistic for the president to cut the deficit in half in four years, even while spending on the war [in Iraq] and moving [troops] to Afghanistan? Paul Solman: The skepticism seems clear and well-taken. The most important… Continue reading
Mar 09 Watch Growing Ridership Strains Overburdened Transit Agencies Public transit ridership is at a 50-year high, but the economic downturn is putting new pressure on already overburdened transit agencies. Special correspondent Rick Karr reports as part of the "Blueprint America" series on infrastructure, produced in collaboration with WNET… Continue watching
Mar 09 Watch Other News: Signing Statements Under Review, Economic Outlook Worsens President Barack Obama ordered a review of the Bush administration's policy on presidential signing statements, and billionaire investor Warren Buffett made a stark assessment of economic conditions. Continue watching
Mar 09 What Are the Benefits of the Stock Market? Question: How does having a stock market benefit the entire country? To the extent that IPOs represent a mechanism for gaining funds for projects that increase profits, it is very useful. But don’t stocks… Continue reading