Feb 19 Watch Hanesbrands Relocates Manufacturing to Asia Hanesbrands underwear company has closed 30 plants in North and South America, putting thousands out of work, while relocating its factories to Asian countries. Jeffrey Kaye of KCET-Los Angeles reports. Continue watching
Feb 19 Watch In Bad Economy, Countries Contemplate Protectionist Measures Across the globe, many countries are taking protectionist measures to buffer national economies from the ongoing economic downturn. Experts debate the potential effects of a trend toward protectionism. Continue watching
Feb 19 Watch Other News: Stocks Sink, California Approves Budget Stocks plummeted after bleak unemployment and manufacturing reports, and the California legislature approved and sent a budget to Gov. Arnold Schwarzenegger after a long political deadlock. Jim Lehrer recaps the day's other news headlines. Continue watching
Feb 19 Stanford Group Leaves Houston High and Dry This week the Securities and Exchange Commission charged Texas banking billionaire R. Allen Stanford with over $8 billion in fraud, leaving depositors throughout Latin America wondering where their money is and whether they'll get it back. Continue reading
Feb 19 After Long Battle, Calif. Budget Heads to Governor By PBS News Hour The California Assembly approved the state's long-awaited budget, sending the package to Gov. Arnold Schwarzenegger after several all-night sessions and political concessions. Continue reading
Feb 19 Why Should We Save Big Banks? Question/Comment: I am a traditional liberal democrat who is in favor of a large stimulus package that focuses on job creation and helping out states. I can not understand the need for further bank bailouts. I do not understand the… Continue reading
Feb 18 Watch Obama's Mortgage Plan Marks Next Step in Recovery Effort One day after signing the stimulus bill, President Barack Obama unveiled a plan Wednesday to stem the foreclosure crisis. White House adviser Lawrence Summers offers insight on the recovery strategy. Continue watching
Feb 18 Watch Other News: Markets Flat, Calif. Budget Deal in Peril In Wednesday's other news, Wall Street was flat, and controversy in the California state Senate has endangered a fragile deal over the state's budget crisis. Continue watching
Feb 18 Watch Obama Unveils Plan to Curb Home Foreclosures President Barack Obama unveiled a $75 billion plan to ease the mortgage crisis that helped trigger the country's economic crisis. Kwame Holman reports on the president's announcement and other economic news of the day. Continue watching
Feb 18 What Causes Mortgage Rates to Rise and Fall? Question/Comment: What causes mortgage rates to rise and fall? Will the stimulus or the remaining TARP money have any affect on mortgage rates? I heard of an attempt to temporarily lower rates to four… Continue reading