Feb 12 Watch Other News: Wall Street Slumps, Satellites Collide In Thursday's other news, stocks fell on Wall Street and a Russian and U.S. satellite collided over Siberia in the largest accident of its kind. Continue watching
Feb 12 Watch Bipartisan Buy-in on Final Stimulus Bill Could Hinge on Jobs Lawmakers continued Thursday to nail down the details of the economic stimulus bill in a push toward a final vote. Google CEO Eric Schmidt and Minnesota Gov. Tim Pawlenty examine the bill's effectiveness and react to news of Judd Gregg's… Continue watching
Feb 12 How Do We Rebuild the Middle Class? Editor’s Note: Paul recently answered “Five Good Questions” on the economy for the PBS Engage blog. You will also be able to find those answers here on the Business Desk all week. Question/Comment:… Continue reading
Feb 12 More Satellite Collisions Could Occur, Experts Say By PBS News Hour As space officials continued to track the debris fields created by Tuesday's collision of two satellites, experts warned that more crashes will inevitably occur in the increasingly crowded orbits above Earth. Continue reading
Feb 12 What is the Worst Case Scenario if the Consumer Becomes a Saver? Question/Comment: What is the worst case scenario if the consumer becomes a saver? Or if nations, including United States, raise trade barriers? Or if the financial bailout fails? Paul Solman: Hmmm. Well, the first is happening as we speak:… Continue reading
Feb 12 New Jobless Claims Drop; Retails Sales Up Slightly By Admin, PBS News Hour Government reports show the number of new jobless benefit claims dropped to a seasonally adjusted 623,000, from 631,000 the previous week, while U.S. retail sales jumped 1 percent in January, reversing a six-month downward trend. Continue reading
Feb 11 Congress Reaches Agreement on $789 Billion Stimulus Bill By Admin, PBS News Hour House and Senate negotiators have reached an agreement Wednesday on a $789 billion economic stimulus plan aimed at creating millions of jobs and providing tax cuts for millions of lower and middle income taxpayers, lawmakers say. Continue reading
Feb 11 Watch Other News: FBI Investigates Corporate Fraud, Tornadoes Rip Through Oklahoma In other news of the day, the FBI announced its investigation of more than 500 potential cases of corporate fraud, and tornadoes that swept through Oklahoma killed at least 8, destroying homes and businesses. Continue watching
Feb 11 Watch Congress Strikes Tentative $789B Deal on Stimulus Plan Congressional leaders announced that they have reached a deal on a stimulus plan Wednesday -- although talks continued late in the day on the bill's final details. The Hotline's Amy Walter discusses the negotiations and Jeffrey Brown reports on the… Continue watching
Feb 11 Will Any Plan That Puts People Back to Work Actually Stimulate the Economy? Question/Comment: Everyone seems to have an opinion on what will stimulate the economy and what won’t. Won’t anything that puts people to work stimulate the economy, and are there entities, and their analyses, that can project stimulatory effects of different… Continue reading