Mar 19 Last Run: Historic Baltimore Theater Closes Hundreds of Baltimoreans grabbed seats Monday night at the historic Senator Theatre, but not to catch a movie. They were there to discuss the landmark's future. As of last weekend, the city's only single-screen movie house was forced to close… Continue reading
Mar 19 Q&A: The Path of Stimulus Funds to Local Projects By Admin, PBS News Hour Grover "Russ" Whitehurst is a Brookings Institute Senior Fellow and a former official with the U.S. Department of Education. In this Q&A, he explains how the stimulus funds will make their way to local projects, particularly for school programs. Continue reading
Mar 19 Concerns Emerge on Prevention of Stimulus Fraud By Admin, PBS News Hour Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending. Continue reading
Mar 19 Is the Federal Reserve Public or Private? By Business Desk Question: Is the Federal Reserve “federal” as the name implies, or is it as “federal as Federal Express,” meaning a private, for-profit corporation? I’ve heard it both ways and would like the answer clarified by a hard-hitting reporter whose willing… Continue reading
Mar 18 Obama Holds Town Hall in Costa Mesa, Calif. By Admin, PBS News Hour President Barack Obama held a town hall meeting in Costa Mesa, Calif., Wednesday, where he spoke about the AIG controversy, his plan for the budget and economic recovery plans. Continue reading
Mar 18 Watch Author Discusses Bankers' Role in the Great Depression Author Liaquat Ahamed explores the role of bankers leading up to the Great Depression in his book, "Lords of Finance: The Bankers Who Broke the World."… Continue watching
Mar 18 Watch Fed to Pump Another $1 Trillion Into Economy The Federal Reserve announced Wednesday that it will devote another $1.2 trillion to unfreeze credit markets and help stimulate the sluggish economy. Greg Ip of The Economist provides details on the move. Continue watching
Mar 18 Watch Other News: Biden Urges Wise Use of Stimulus Funds In the day's other news headlines, Wall Street rallied after the Fed announced more funds to stimulate the economy and Vice President Joe Biden warned county and city officials not to squander stimulus funds. Continue watching
Mar 18 Watch Outcry Over AIG May Pose Challenge to Obama's Agenda President Barack Obama issued a new defense Wednesday in the firestorm over AIG bonuses as the AIG chief testified on Capitol Hill. Analysts offer insight on the political impact. Continue watching
Mar 18 How and Why Is the Fed Creating $1 Trillion? By Business Desk Question: How and why is the Fed creating $1 trillion in new funds to buy securities? Paul Solman: They’ve been calling Fed chairman Bernanke “Helicopter Ben” since he told conservative economics icon Milton Friedman, in a speech a few… Continue reading