Dec 23 LA MOCA Accepts Financial Help From Philanthropist, Director Resigns The Los Angeles Museum of Contemporary Art has agreed to accept $30 million in financial assistance from billionaire philanthropist Eli Broad, the Los Angeles Times reported. Continue reading
Dec 23 I’m Not Sure It’s My Responsibility to Go Out and Shop to Keep Businesses Afloat. By Business Desk Question/Comment: It seems to me there’s been a shift in market thinking in the recent past. I’m not sure that it’s my responsibility to go out and shop to keep businesses afloat; I always thought that it was business’ responsibility… Continue reading
Dec 23 In Case You Missed It: Infrastructure Projects and Economic Growth On Monday’s NewsHour, Paul Solman examined whether big infrastructure projects, such as the one being considered by President-elect Barack Obama, are an effective way to create new jobs and stimulate the economy. ]>… Continue reading
Dec 22 Watch Details Scarce on How Banks Are Spending Rescue Funds With half of the $700 billion in financial industry rescue funds already allocated, new questions are emerging over exactly how banks have used the money. A financial reporter and a top GAO official examine the issue. Continue watching
Dec 22 Watch Infrastructure Spending May be Key to Boosting Economy Some economists believe increasing government spending on infrastructure is the only way out of the nation's economic crisis. Paul Solman reports on how infrastructure spending may be a crucial way to resuscitate the economy. Continue watching
Dec 22 Watch Obama Expands Job Growth Goals as Part of Broad Stimulus Proposal President-elect Barack Obama is planning to create or preserve three million jobs over the next two years through a series of government construction projects and a massive stimulus plan. A Washington Post reporter takes a closer look at Mr. Obama's… Continue watching
Dec 22 Why Ease Credit, But Not Increase Wages? Question/Comment: A basic truth in economics is that wages drive demand. Yet for the last 30 years wages have been stagnant or decreasing. Why do I hear only talk of easing credit, not increasing wages? Easy credit is what caused… Continue reading
Dec 22 Toyota Projects First Operating Loss in 71 Years By PBS News Hour Toyota Motor Corp., the world's second largest automaker, predicted its first operating loss in 71 years, based on shrinking demand for vehicles and a surging yen. Continue reading
Dec 19 Watch Impact of Recession Felt in Communities Across U.S. The economic downturn is affecting communities across the country in varied ways. Business reporters give an update on what their regions are experiencing. Continue watching
Dec 19 Watch Rescue Plan Would Force Auto Companies to Restructure President Bush has unveiled a $17 billion automaker rescue plan that will force the companies to restructure in order to remain competitive. A White House economist and a congressman debate the package. Continue watching