Jan 19 Watch Auto Industry Shows Small Signs of Recovery at Annual Detroit Show At the annual Detroit auto show, car enthusiasts were not letting the frigid weather or drab economic climate deter them. Fred de Sam Lazaro gives an update from Detroit on the state of the auto industry and its efforts to… Continue watching
Jan 19 Watch Recession Hurts Ranchers Who’ve Seen Price of Stock Plummet The recession is squeezing cattlemen on all sides, with the costs of supplies rising and beef prices down. Tom Bearden reports from the National Western Stock Show on how the plummeting economy is hurting ranchers. Continue watching
Jan 19 Russia, Ukraine Sign Deal to Settle Gas Dispute By PBS News Hour Russia and Ukraine signed Monday a 10-year deal to resume natural gas supplies to Europe after a two-week shutoff due to a dispute over gas prices and the payment of other debts. Continue reading
Jan 16 Dodge Foundation Cancels Poetry Festival The largest poetry festival in North America has just become the latest victim of the financial crisis. The Geraldine R. Dodge Foundation announced Friday in a letter to supporters that it will cancel the next Dodge Poetry Festival. Continue reading
Jan 16 Bank of America Posts Big Losses, Citigroup Splits in Two By PBS News Hour Bank of America posted its first quarterly loss in 17 years and received a boost from the government while Citigroup reported a fourth-quarter loss of $8.29 billion and decided to split up its businesses in a new round of gloomy… Continue reading
Jan 16 Are You Moving in With Friends to Save Money? Question/Comment: I heard Paul Solman say yesterday… wait, you are Paul Solman… that the economy is so bad, lots of people are now moving in with friends to save money. Is this really true? Paul Solman: In the interests of… Continue reading
Jan 15 Watch Steve Jobs’ Medical Leave Raises Questions for Apple Apple CEO Steve Jobs' decision to take six months of medical leave for an illness he has deemed a "horomone imbalance" caused the company's stock to fall sharply. Spencer Michels examines Jobs' singular influence in the technology world. Continue watching
Jan 15 Democrats Unveil $825B Stimulus Plan By Admin, PBS News Hour House Democrats on Thursday released an $825 billion economic rescue plan that aims to alleviate the economic downturn through a combination of $550 billion in spending and state aid, and $275 billion in tax cuts. Continue reading
Jan 15 In Case You Missed It: Economists Place Their Bets With Predictions for 2009 Last night on the NewsHour, we did a story on economic predictions for the future, featuring two economists who’d correctly called the current crisis: Martin Feldstein and Ken Rogoff. You can watch the piece here. We ended the story… Continue reading
Jan 14 Watch Economists Place Their Bets With Predictions for 2009 In the second of his new series on making sense of financial news, Paul Solman asks economists for predictions for the year ahead and interviews "standup economist" Yoram Bauman, who mines financial news for comedic material. Continue watching