Mar 26 Watch Other News: Wall Street Surge Continues In other news, the Dow Jones industrial average and the Nasdaq both made gains and computer giant IBM announced it will cut about 5,000 jobs from its U.S. workforce. Continue watching
Mar 26 Can Individual Investors Participate in the New Toxic Asset Plan? Question: Is there an opportunity for individual investors who are not super-rich to participate in the new Toxic Asset plan? Maybe something like a mutual fund, or the Treasury’s non-competitive bid process? Paul Solman: Supposedly yes. From an AP… Continue reading
Mar 26 Geithner Details Plan for Major Regulation Reform By PBS News Hour Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role. Continue reading
Mar 26 Who Was Buying Stocks as the Market Crashed? Question: At the stock exchange, every time someone sells stock, someone else is buying it. Last fall, when the Dow dropped from 16,000 to 8,000, mutual funds, retirement funds, insurance companies, etc. were selling. Who was buying? Who owns all… Continue reading
Mar 25 Watch Other News: Wall Street Rallies on New Economic Data In other news, stocks rose on a Commerce Department report that orders for durable goods increased in February and news that new homes sales rose 4.5 percent. Continue watching
Mar 25 Can We Bring Back Jobs by Retooling Factories? Question: You recently had a segment about the loss of jobs in Elkhart, Ind. I was watching it on KRCB, a station that was not having a pledge drive that day. To fill… Continue reading
Mar 25 Why Use 100 Days to Evaluate a New President? By Admin, PBS News Hour From rescuing the U.S. from a deepening recession to re-examining U.S. strategy in Iraq and Afghanistan, President Barack Obama has set a busy agenda -- earning praise from some and questions from others on its ambitious scope. Continue reading
Mar 25 After 6-Month Slide, Durable Goods Orders Jumped in Feb. By PBS News Hour U.S. factories saw new orders for big-ticket manufactured goods rise unexpectedly in February following a record six months of decline, the Commerce Department reported Wednesday. Continue reading
Mar 25 Democrats Plan to Cut Billions From Obama's Budget Request By Admin, PBS News Hour In budget blueprints they plan to formally release Wednesday, House and Senate Democrats said they plan to cut billions from President Obama's spending request while preserving some of his most significant domestic programs. Continue reading
Mar 25 Can the Dow Fall Into Negative Numbers? By Business Desk Question: My high school daughter asked me a question I can’t answer. Can the Dow fall to zero or into negative numbers? Paul Solman: Ah, at last. A question I can definitively answer: ABSOLUTELY… Continue reading