Nov 20 In Case You Missed It: A Conversation With Nobel-winning economist Robert Solow Editor’s Note: Paul Solman spoke with Nobel-winning economist Robert Solow on the financial crisis. ]>… Continue reading
Nov 20 If There Isn’t a Bailout of the Big Three Auto Firms, What is the Overall Effect on the Government and on Our Economy? Question/Comment: If there isn’t a bailout of the Big Three auto firms, what is the overall effect on the government and on our economy? Paul Solman: Well, in a time of fearsome recession or worse, the loss of another quarter-million… Continue reading
Nov 20 Watch Worsening Economic Crisis Stops Short of Depression Nobel laureate and economist Robert Solow offers his thoughts on the severity of current economic turmoil and the chances of the situation leading to another Great Depression in a conversation with Paul Solman. Continue watching
Nov 20 Watch Stock Market Swings Fuel Rethinking of Retirement Plans U.S. stocks plunged again Thursday to five-year lows, fueling new concerns of retirement savings and 401(k) plans. Economic analysts mull the risks of stock market investment and challenges to saving for retirement. Continue watching
Nov 20 Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls By PBS News Hour U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers. Continue reading
Nov 20 Piracy Offers Lucrative Career in Lawless Somalia By PBS News Hour The recent hijacking of a Saudi Arabian oil supertanker demonstrated Somali pirates' increasing capabilities to seize ships, despite the efforts of a multi-national naval force meant to deter such attacks. Continue reading
Nov 20 U.S., World Stocks Tumble Amid Bleak Jobs Report By PBS News Hour U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its… Continue reading
Nov 19 Watch GM CEO Defends Auto Industry’s Bid for Government Aid Auto industry executives testified before Congress Wednesday, asking lawmakers to provide aid to the struggling companies and responding to criticisms of poor management. General Motors' CEO Rick Wagoner discusses the industry's crisis and his company's case for government help. Continue watching
Nov 19 Consumer Prices Plunge in October as Energy Costs Fall By Admin, PBS News Hour Consumer prices made their biggest drop in decades in October, due in part to lower gasoline and energy prices. Continue reading
Nov 18 Watch Struggling Automakers Press Congress for Federal Aid On Capitol Hill Tuesday, Ben Bernanke and Henry Paulson defended their economic rescue strategy and automakers made their case for federal aid. Senators detail the debate over using bailout funds to help automakers. Continue watching