Nov 26 What is Islamic Banking? Question/Comment: I was reading an article about Islamic banking in Malaysia, and I was surprised to find out that these Islamic banks were affected little if any with this bad lending that is going on in U.S. and in the… Continue reading
Nov 25 Watch Obama Pledges New Effort to Tighten Federal Budget President-elect Barack Obama named Peter Orszag as his budget director Tuesday and pledged the rein in the federal budget. Financial experts mull his proposals and weigh in on the complex process of trimming federal programs. Continue watching
Nov 25 Watch Government Widens Support for Home Loans, Credit In an effort to boost economic activity, the Fed and the Treasury announced new plans to boost consumer spending and aid the housing market. Economic analysts examine the Fed's expanding role in managing the crisis. Continue watching
Nov 25 Fed Commits $800 Billion to Unfreeze Credit Markets, Boost Consumer Spending By PBS News Hour The Federal Reserve announced two new programs Tuesday aimed at unfreezing credit for homebuyers, small businesses and consumers. Continue reading
Nov 25 Have We Ever Been This Close to Socialism Before? By Business Desk Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was… Continue reading
Nov 24 Watch Britain Crafts Tax Plan to Help Address Country’s Economic Ills The British Parliament on Monday considered changes to its income and sales taxes as a means to alleviate the economic downturn. Margaret Warner reports from London about the proposed stimulus plan. Continue watching
Nov 24 Watch Citigroup Averts Collapse With Government Rescue Plan In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank's high-risk assets. A New York Times… Continue watching
Nov 24 Obama Announces Economic Team, Prods New Congress to Pass Stimulus Package By PBS News Hour While introducing his team of economic advisors Monday, President-elect Barack Obama urged the incoming Congress to pass an economic stimulus plan "right away" to address the nation's ongoing economic crisis. Continue reading
Nov 24 Could You Explain How Deflation is Different From Companies Setting Prices to Reflect Input Costs and Efficiencies? Question/Comment: Dear Mr. Solman, I’ve read several articles recently discussing the risk of deflation. I think I understand broadly why deflation is bad for the economy in general. Could you explain how deflation is different from companies setting prices to… Continue reading
Nov 24 Citigroup Offered Another Government Safety Net By PBS News Hour The U.S. government has again bailed out Citigroup, unveiling a bold plan Sunday night to inject $20 billion in fresh capital into the troubled financial giant and shoulder most of the potential losses on $306 billion of high-risk assets. Continue reading