Dec 08 If Big Companies Need Help, Then Why Do the CEO’s Still Get Huge Bonuses? Question/Comment: I am writing this with my mom’s permission. I am 12 years old and my question is if companies like Freddie and Fannie needs government help to bail them out, then how come the… Continue reading
Dec 08 Tribune Co. Files for Bankruptcy Protection By PBS News Hour Media conglomerate Tribune Co. filed for bankruptcy protection Monday, as the owner of the Chicago Tribune, the Los Angeles Times, the Chicago Cubs and several other newspapers and TV stations tries to restructure its debt of $13 billion. Continue reading
Dec 08 Could You Help Me Understand Credit Default Swap in Terms of Purchasing a Car? Question/Comment: The lease is up on my Lexus and I inquired about buying it. Lexus financial said that I’d have to pay the residual value from the lease. That amount is $10,000 over market value. It was later explained to… Continue reading
Dec 08 Markets See Early Lift on Infrastructure, Auto Bailout Plans By Admin, PBS News Hour U.S. stocks enjoyed an upbeat opening Monday as investors reacted to President-elect Barack Obama's plan to launch an infrastructure spending package to boost job growth and news that a deal on bailing out Detroit's Big Three automakers may be near. Continue reading
Dec 05 Watch Soaring Job Losses May Signal Deepening Recession U.S. employers cut 533,000 jobs in November, the most in 34 years, pushing the unemployment rate to 6.7 percent. Columnist Steven Pearlstein and economist Lakshman Achuthan examine what the new job figures indicate. Continue watching
Dec 05 The Economy, Your Pocketbook and the Recession Paul Solman: Forgive me for not responding to questions for a few days, but among other things, I’ve been trying to analyze the results of poll posted here recently: How is the Economy Affecting Your Pocketbook? Click on “Comments”… Continue reading
Dec 05 U.S. Calls for Zimbabwe’s Mugabe to Resign as Power-sharing Deal Falters By PBS News Hour U.S. Secretary of State Condoleezza Rice increased pressure on Zimbabwe's President Robert Mugabe to leave office after his government stalled on a power-sharing deal with the opposition party. Continue reading
Dec 05 U.S. Employers Slash 533,000 Jobs; Unemployment Rate Jumps to 6.7% By Admin, PBS News Hour U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday. Continue reading
Dec 04 Watch Treasury Considers New Plan to Push Mortgage Rates Lower, Boost Home Sales In an effort to boost the economy, Treasury Department officials are considering a plan to push mortgage rates lower. Reporters and analysts weigh the pros and cons of such a move. Continue watching
Dec 04 Watch Auto Execs Make Bailout Case to Skeptical Lawmakers Executives of Detroit's Big Three auto companies appeared before the Senate Banking Committee Thursday to renew their much-debated request for billions in federal aid. Judy Woodruff reports on the hearing. Continue watching