Feb 04 Obama's Remarks on Executive Compensation By PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president's prepared remarks:… Continue reading
Feb 04 Obama Links $500,000 Executive Pay Cap to Bailout Funds By Admin, PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations. Continue reading
Feb 04 Will a Stimulus Fix Our Problems? A question from various sources: “Will a stimulus fix our problems?” Paul Solman: Let’s begin with a prior question: What’s the economic justification for a stimulus? The answer is that an economy’s annual output — its Gross Domestic Product (… Continue reading
Feb 03 Many Automakers Post Record Losses for January By PBS News Hour Ford, Toyota, Nissan, General Motors and Chrysler all posted record lows in their January sales reports Tuesday. The declines come at the end of a stretch of 15 months of plummeting sales that bring the companies' total losses near a… Continue reading
Feb 03 Watch Other News: Auto Sales Drop, Pakistan Supply Route Cut U.S. auto companies reported deep losses in sales Tuesday, while a key supply route was bombed in Pakistan. Judy Woodruff reports on these developments and other news headlines of the day. Continue watching
Feb 03 Kennedy Center Offers Non-profits a Helping Hand; NEA Gets New Acting Chairman The John F. Kennedy Center for the Performing Arts announced Tuesday the creation of a program to provide non-profit organizations free counseling in fundraising, marketing and budgeting to help them weather the current economic crisis. Continue reading
Feb 03 Was the Wall Street Money Real or Imagined? Question/Comment: Could you explain where all the money went that supposedly vanished during the Wall Street meltdown? Who has it? Was it imaginary or did it really exist? Paul Solman: All Wall Street values are imaginary. All money is imaginary. Continue reading
Feb 03 How Much of My Investments Should Be in Gold? Question/Comment: How much of my investments should be in gold? Paul Solman: Unfortunately, I can’t possibly give you an answer to your question, except to say that none of my investments are in gold (or ever have been). Thus,… Continue reading
Feb 02 Watch Reporters Assess Effectiveness of Proposed Stimulus Plan As Congress shapes the stimulus package, the debate rages on over what parts of the bill will be most effective in reviving the country's ailing economy. Business reporters analyze the plan's components. Continue watching
Feb 02 Watch In Other News, Senate Debates Stimulus Plan as Pittsburgh Heralds Super Bowl Win The Senate resumed debate on the $900 economic stimulus package that hit snags among Republicans concerned about the rising costs of the package. Jim Lehrer reports on this and other top news of the day. Continue watching