Jan 30 Watch Global Trade Freezes Amid Economic Downturn Economics correspondent Paul Solman returns to the trade hub of Long Beach, Calif., to check on how the import and export business has been impacted by the global economic crisis. Continue watching
Jan 30 Watch Backlash Continues Over Billions Paid in Wall Street Bonuses in 2008 In one of the worst economic years in history, Wall Street executives received more than $18 billion in bonuses. Experts examine how such bonuses work, followed by the analysis of Mark Shields and David Brooks. Continue watching
Jan 30 Watch Shrinking GDP, Obama Task Force Cap Week’s Economic News There was more evidence Friday the recession is getting worse, a fact that President Obama and his economic team continued to confront. Columnists Mark Shields and David Brooks mull Mr. Obama's approach. Continue watching
Jan 30 Are We Headed to a Shorter Work Week? Question/Comment: The Independent mentions that the United Kingdom might move to a three day work week. While some companies have resorted to this kind of solution, most have not. Would this kind of measure be of any help if… Continue reading
Jan 30 U.S. Economy Shrinks at Fastest Rate in 26 Years By Admin, PBS News Hour The U.S. economy shrank at its fastest rate in more than a quarter century between October and December, according to federal government data released Friday. Continue reading
Jan 29 Watch Stimulus Package May Yield Mixed Economic Results President Barack Obama's $819 billion stimulus proposal now heads to the Senate with little GOP support. Economists examine whether the proposed measure can succeed at its goals. Continue watching
Jan 29 Who is Right? Krugman or Mankiw? Question/Comment: Paul, please help me understand who is more correct when it comes to the multiplier as applied to tax cuts, versus increased government spending. Professor Greg Mankiw believes that the stimulus package should have more tax cuts, while… Continue reading
Jan 29 Faced With Economic Troubles, Brandeis to Close Rose Art Museum What is the value of art in bad economic times? Brandeis University discovered an answer this week when its president, Jehuda Reinharz, announced plans to close the esteemed Rose Art Museum and sell its collection. Continue reading
Jan 29 Some Businesses Might Go to Offshore Accounts, But Wouldn’t Most Want to Stay? Question/Comment: It’s been said that money flows like water. In an economy with a labor pool as talented as America’s, wouldn’t it be a good time to regulate the market so that as money finds its way back into the… Continue reading
Jan 29 Stimulus Package Goes to Senate as Signs of Economic Downturn Continue By Admin, PBS News Hour The Democratic-controlled House of Representatives passed President Barack Obama's $819 billion economic stimulus package by a vote of 244-188 Wednesday, amid continuing signs of the U.S. economic downturn. Continue reading