May 13 EU Levels $1.45B Fine on Intel for Sales Tactics By Admin, PBS News Hour The European Union leveled a record $1.45 billion fine on the Intel Corporation Wednesday for using illegal sale tactics to shut out its competition in the computer chip business after an eight-year antitrust probe. Continue reading
May 12 Watch Frontline Examines Role of Key Players in Madoff Affair An accountant and his partner helped Wall Street financier Bernard Madoff recruit clients beginning in the 1960s. The NewsHour airs an excerpt of Tuesday's Frontline, which explores the role of some of the key players in the fraud scheme. Continue watching
May 12 Watch Recession Impacts Social Security, Medicare; U.S. Soldier Charged With Murder In the day's top news headlines, new reports show the recession has cut into the Social Security and Medicare benefit programs, and a U.S. soldier accused of killing five comrades in Iraq was charged with murder. Continue watching
May 12 What's the Real Madoff Math? By Business Desk Tonight, FRONTLINE tackles the Bernard Madoff affair, attempting to decipher the puzzle of the financier’s multi-billion dollar Ponzi scheme. The program delves into the cast of characters involved in the case, including the… Continue reading
May 12 Social Security, Medicare Weakened by Recession By Admin, PBS News Hour The financial health of Social Security and Medicare, the government's two biggest benefit programs, has eroded amid the deep economic recession, according to reports released Tuesday. Continue reading
May 12 Who Owns the Credit Card Companies? Question: Who owns the credit card companies? Once upon a time, Bank of America owned Visa, but I’m not sure if it’s been spun off. So, if the stress tests have shown that the banks are not as healthy as… Continue reading
May 11 What's the Argument FOR Tax Havens? By Business Desk Question: I understand that President Obama is going after the use of offshore tax havens by U.S. corporations. My gut feeling is that he’s right to do this, but I’ve never really heard both sides of the argument. Is there… Continue reading
May 08 Watch Other News: Wall Street Rallies on Jobs Report In other news, the markets rallied on the new jobs report released by the Labor Department and wildfires drove more than 20,000 people from their homes near Santa Barbara, California. Continue watching
May 08 Watch Geithner Weighs Pace of Job Losses, Defends Stress Tests Treasury Secretary Timothy Geithner defends the stringency of the banking stress tests and offers insight on the pace of U.S. job losses as unemployment reaches 8.9 percent. Continue watching
May 08 Watch Black Unemployment in East St. Louis Highlights Disparities Economics correspondent Paul Solman reports on the high unemployment numbers among blacks in East St. Louis, where painful memories of the Great Depression still persist. Continue watching