Feb 04 Watch ‘Buy American’ Clause in Stimulus Sparks Controversy Foreign governments are outraged over a provision of the stimulus bill requiring that any manufactured goods used in public works projects connected with stimulus money come from American suppliers. Experts mull the dispute. Continue watching
Feb 04 Watch Other News: Senate Debates Stimulus, Obama Signs Child Health Care Bill The debate over the stimulus bill continued in the Senate and President Obama signed legislation to increase health care spending for low-income children. Jim Lehrer reports on this and other news of the day. Continue watching
Feb 04 Watch Obama Limits Executive Pay for Firms Tied to Bailout President Obama announced Monday new caps on executive pay for those firms receiving federal bailout aid. Analysts examine the new guidelines. Continue watching
Feb 04 Why is Credit Extended to Companies and How Do They Make Their Payments? Question/Comment: Can you explain the how and why of credit that is extended to companies and how they make their payments? I understand credit to start new ventures, buy new equipment, hire a workforce, and the like but how do… Continue reading
Feb 04 Obama’s Remarks on Executive Compensation By PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president's prepared remarks:… Continue reading
Feb 04 Obama Links $500,000 Executive Pay Cap to Bailout Funds By Admin, PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations. Continue reading
Feb 04 Will a Stimulus Fix Our Problems? A question from various sources: “Will a stimulus fix our problems?” Paul Solman: Let’s begin with a prior question: What’s the economic justification for a stimulus? The answer is that an economy’s annual output — its Gross Domestic Product (… Continue reading
Feb 03 Many Automakers Post Record Losses for January By PBS News Hour Ford, Toyota, Nissan, General Motors and Chrysler all posted record lows in their January sales reports Tuesday. The declines come at the end of a stretch of 15 months of plummeting sales that bring the companies' total losses near a… Continue reading
Feb 03 Watch Other News: Auto Sales Drop, Pakistan Supply Route Cut U.S. auto companies reported deep losses in sales Tuesday, while a key supply route was bombed in Pakistan. Judy Woodruff reports on these developments and other news headlines of the day. Continue watching
Feb 03 Kennedy Center Offers Non-profits a Helping Hand; NEA Gets New Acting Chairman The John F. Kennedy Center for the Performing Arts announced Tuesday the creation of a program to provide non-profit organizations free counseling in fundraising, marketing and budgeting to help them weather the current economic crisis. Continue reading