Feb 05 Why Do We Encourage Mergers of Large Companies? Question/Comment: We live in a time of unparalleled economic crisis; a time when failure of a large company such as GM or a large financial institution could have catastrophic effects throughout the county and beyond. Why does our government allow… Continue reading
Feb 04 Watch SEC Slammed During Madoff Hearing for Ignoring Alleged Ponzi Scheme Lawmakers and a whistle-blower blasted the Securities and Exchange Commission during Congressional hearings into the case of Bernard Madoff, a Wall Street investor accused of massive fraud. Kwame Holman reports. Continue watching
Feb 04 Watch Global Economic Downturn Slams Ireland, Spares Poland The economic slump is affecting European Union member countries very differently. In Ireland, companies are laying off workers, while the Polish economy is growing. Special correspondent Jeffrey Kaye reports. Continue watching
Feb 04 Watch 'Buy American' Clause in Stimulus Sparks Controversy Foreign governments are outraged over a provision of the stimulus bill requiring that any manufactured goods used in public works projects connected with stimulus money come from American suppliers. Experts mull the dispute. Continue watching
Feb 04 Watch Other News: Senate Debates Stimulus, Obama Signs Child Health Care Bill The debate over the stimulus bill continued in the Senate and President Obama signed legislation to increase health care spending for low-income children. Jim Lehrer reports on this and other news of the day. Continue watching
Feb 04 Watch Obama Limits Executive Pay for Firms Tied to Bailout President Obama announced Monday new caps on executive pay for those firms receiving federal bailout aid. Analysts examine the new guidelines. Continue watching
Feb 04 Why is Credit Extended to Companies and How Do They Make Their Payments? Question/Comment: Can you explain the how and why of credit that is extended to companies and how they make their payments? I understand credit to start new ventures, buy new equipment, hire a workforce, and the like but how do… Continue reading
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