Dec 05 The Economy, Your Pocketbook and the Recession Paul Solman: Forgive me for not responding to questions for a few days, but among other things, I’ve been trying to analyze the results of poll posted here recently: How is the Economy Affecting Your Pocketbook? Click on “Comments”… Continue reading
Dec 05 U.S. Calls for Zimbabwe’s Mugabe to Resign as Power-sharing Deal Falters By PBS News Hour U.S. Secretary of State Condoleezza Rice increased pressure on Zimbabwe's President Robert Mugabe to leave office after his government stalled on a power-sharing deal with the opposition party. Continue reading
Dec 05 U.S. Employers Slash 533,000 Jobs; Unemployment Rate Jumps to 6.7% By Admin, PBS News Hour U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday. Continue reading
Dec 04 Watch Treasury Considers New Plan to Push Mortgage Rates Lower, Boost Home Sales In an effort to boost the economy, Treasury Department officials are considering a plan to push mortgage rates lower. Reporters and analysts weigh the pros and cons of such a move. Continue watching
Dec 04 Watch Auto Execs Make Bailout Case to Skeptical Lawmakers Executives of Detroit's Big Three auto companies appeared before the Senate Banking Committee Thursday to renew their much-debated request for billions in federal aid. Judy Woodruff reports on the hearing. Continue watching
Dec 04 Global Banks Chop Interest Rates as Crisis Grows By Admin, PBS News Hour More central banks across the world cut interest rates Thursday, hoping to quash a global economic slump that is spreading faster than policymakers had anticipated. Continue reading
Dec 04 Auto Execs Renew Case for Government Aid By PBS News Hour Leaders of Detroit's Big Three automakers returned to Capitol Hill Thursday to renew their case for an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers on their plea. Continue reading
Dec 03 Watch Ford CEO Promises Shift to Smaller Cars, Greater Efficiency if Industry Survives By the week's end, lawmakers will review business plans submitted Tuesday by Detroit's Big Three. Ford CEO Alan Mulally explains his auto company's proposal to avoid bankruptcy. Continue watching
Dec 03 Riots Break Out as Zimbabwe Faces Cholera Epidemic, Hyperinflation By PBS News Hour Doctors, teachers and union members clashed with riot police in the streets of Zimbabwe's capital of Harare as they protested the country's deepening economic meltdown and a cholera epidemic that has been blamed on poor infrastructure. Continue reading
Dec 03 The Whole World is Drowning, How Long Before Somebody Turns Off the Faucet? Question/Comment: Yesterday I saw a TV ad for mortgages to people with no credit history, job or social security number. The whole world is drowning, how long before somebody turns off the faucet? Paul Solman: There’s got to be a… Continue reading