Mar 03 Obama, Brown Praise Relations, Assess the Economic Crisis By Admin, PBS News Hour President Barack Obama and British Prime Minister Gordon Brown on Tuesday hailed the "special relationship" between their countries as the two held talks on how to solve the economic crisis reverberating around the globe. Continue reading
Mar 03 Reversing Bush Rule, Obama Resumes Safeguards for Endangered Species By Admin, PBS News Hour President Barack Obama announced Tuesday that he wants federal agencies to resume full scientific reviews of projects that could harm endangered wildlife and plants. Continue reading
Mar 03 Bernanke Defends AIG Rescue, Urges Quick Moves on Economy By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke advised moving "aggressively" to ease the economic crisis during testimony to lawmakers Tuesday while defending the government's latest moves to prop up troubled insurance giant American International Group. Continue reading
Mar 03 What's the Significance of the Dow Dropping Below 7,000 Points? By Business Desk Question: What’s the significance of the Dow dropping below 7,000? Paul Solman: Just another number. To the extent that people focus on it, however, it can have the effect of increasing the anxiety over stock prices, and lead to more… Continue reading
Mar 03 Why Does AIG Need Yet Another Bailout? Question: Why does AIG need yet another bailout? Paul Solman: As Joe Nocera and Frank Partnoy explained on Monday’s show, it’s all about the “counterparties.” These are the large financial institutions with whom… Continue reading
Mar 02 Watch Markets Plunge After Government Adds Billions to AIG Rescue Stocks tumbled after the government expanded aid to struggling insurer American International Group and the company reported a huge quarterly loss. Analysts examine what this could mean for the broader financial outlook. Continue watching
Mar 02 Government Expands AIG Rescue, Stocks Slump By PBS News Hour The federal government said Monday that it would give floundering insurer American International Group access to an additional $30 billion in U.S. taxpayer money as part of a newly revamped rescue plan. Continue reading
Mar 02 Do Slum Kids Stand a Chance in Our Global Economy? Question/Comment: A few years back, I made a documentary about an Indian high-tech firm that was offering free Internet access to semi-literate slum children in Delhi, The Hole in the Wall. Now it turns out that project was the real-life… Continue reading
Mar 02 Weekly Poem: 'Salvage' Poet Laureate Kay Ryan recently sat down with Jeffrey Brown to talk about her work and her role as Consultant in Poetry to the Library of Congress. That conversation will be posted here soon. Much more about Ryan can be… Continue reading
Mar 02 Why Don't We Offer Earlier Retirement Incentives to Open Up Jobs for the Unemployed? Question/Comment: Someone must have already considered this idea for the economic stimulus, but I haven’t heard anything about it: Why don’t we offer earlier retirement incentives for people still working at retirement age because they want to get their maximum… Continue reading