May 20 Watch Credit Card Industry Braces for Big Changes Congress' credit card reform bill will prevent companies from arbitrarily raising interest rates, but it could also tighten available credit. A reporter explains the measure. Continue watching
May 20 What Congress' Credit Card Regulations Could Mean for Cardholders, Companies By Admin, PBS News Hour After clearing Congress, the Credit Cardholders' Bill of Rights is headed to President Barack Obama's desk to be signed into law by the end of the month. Continue reading
May 20 Why Were Banks Allowed to Bet on Derivatives? Question: How did the dollar volume of U.S. mortgages get to be such a huge dollar problem? Did derivatives do that? Why are investment banks allowed to bet 34 dollars for only one they have? Paul Solman: First, a word… Continue reading
May 19 Credit Card Regulations Easily Clear Senate Vote By PBS News Hour Senators voted overwhelmingly Tuesday to stop credit card companies from arbitrarily raising cardholder interest rates and charging unexpected fees that have become customary -- and crippling - for cash-strapped consumers during this recession. Continue reading
May 19 Why Are Credit Card Companies Raising Rates on Good Borrowers? Question: My wife’s credit card has been paid off in full, every month, for at least 10 years running (since we have been married). In fact, there usually is a 2-3 dollar “credit” balance every month. (I always round up… Continue reading
May 19 Obama Unveils Tougher Emissions Standards Plan By Admin, PBS News Hour President Barack Obama outlined plans Tuesday for the nation's first wide-ranging effort to curb vehicle emissions while cutting U.S. dependence on foreign oil, calling the plan an historic turning point toward a "clean-energy economy."… Continue reading
May 18 Curtain Call for the Amato Opera For 61 seasons, singers have taken to the tiny stage at the Amato Opera Company in Lower Manhattan, delighting audiences with a surprisingly big sound and an even bigger passion for music. But all of that is about to come… Continue reading
May 18 How Does Cutting Dealers Save the Automakers Money? Question: I keep hearing that GM has to shed brands and cut dealerships, but I don’t understand it. Is the logic simply that GM makes too many distinct carlines to be profitable given its total sales volume? Economies of… Continue reading
May 15 Watch Other News: Markets Fall on Auto Dealership Closings In other news, the markets fell on news of auto dealership closings, and consumer prices were unchanged in April. Continue watching
May 15 Watch Auto Dealership Closings Reverberate Across Economy General Motors and Chrysler announced the closings of hundreds of dealerships in an effort to bring the companies back from the brink of bankruptcy. Analysts examine the impact of the moves. Continue watching