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
Nov 18 How is the Economy Affecting Your Pocketbook? Paul Solman: In the spirit of turnabout being fair play, I’ve got questions for YOU. All of you. They’re for a TV story I’m doing. As an exclusive bonus for zealous Business Desk readers,… Continue reading
Nov 18 Bernanke, Paulson Defend New Bailout Strategy By Admin, PBS News Hour One week after the Bush administration changed the focus of the $700 billion rescue plan for Wall Street, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson defended the new strategy Tuesday when they testified before House members. Continue reading
Nov 17 Watch Indian Farmers, Coca-Cola Vie for Scarce Water Supply In the Indian state of Rajasthsan, farmers have accused Coca-Cola factories of drawing too heavily on the area's water supplies and contributing to pollution. Fred de Sam Lazaro reports on the controversy and the claims of both the company and… Continue watching
Nov 17 Watch Financial Crisis Shows Global Reach in Sluggish British Economy On the heels of this weekend's G-20 summit of world leaders to assess the economic crisis, Margaret Warner reports from London on how the financial turmoil has impacted Great Britain -- where the upheaval has hit especially hard. Continue watching
Nov 17 Watch Citigroup to Cut Jobs, Sell Assets in Financial Crunch Citigroup announced plans Monday to cut 53,000 jobs worldwide as a result of the worsening global fiscal crisis and large company losses. Roben Farzad of Business Week assesses the financial institution's troubles and how other banks are faring. Continue watching