Oct 15 Watch Amid Financial Crisis, WaMu Collapse Hits Hard in Seattle The banking crisis has been hitting all parts of the American economy, including the local banking sector of Seattle, where Washington Mutual went from a solid industry to a nonexistent entity. Lee Hochberg reports. Continue watching
Oct 15 Watch After Brief Euphoria in Markets, Investors Sell Amid Weak Sales, Rising Prices Following a brief upswing in world markets this week, investors and analysts see growing signs of a global recession in weak earnings and troubling manufacturing figures. Economists discuss the ongoing problems and the forces driving them. Continue watching
Oct 15 If the stock markets of the world all drop 10-20 percent simultaneously, are we as Americans significantly worse off? Question/Comment: Would you please clarify something for me that I am struggling to understand? If the stock markets of the world all drop 10-20 percent simultaneously, are we as Americans, or any other nationality, significantly worse off? If, relatively speaking,… Continue reading
Oct 15 U.S. Markets Plummet, Global Indicators Slide Amid Recession Fears By PBS News Hour After a two-day rally, U.S. stock prices plunged Wednesday as investors worldwide expressed concerns the global efforts to inject liquidity and restore confidence to the battered financial system may not be enough to stave off a widespread recession. Continue reading
Oct 14 Watch President Bush Unveils New Plan to Stabilize Banks The Bush administration unveiled a plan Tuesday to stabilize the teetering U.S. banking system with as much as $250 billion of the financial sector rescue fund. Three economic experts discuss the impact of the plan. Continue watching
Oct 14 It seems to me that FDR may have saved the traditional banking system. What do you think? By Business Desk Question: First, it seems to me that FDR saved the traditional banking system. I’ve checked the account of the plan they came up with during the “bank holiday” in the second Schlesinger book and… Continue reading
Oct 14 U.S. Treasury to Inject $250 Billion into Banks By Admin, PBS News Hour In a new effort to shore up confidence in the economy and inject life into frozen credit markets, the U.S. Treasury will inject $250 billion into several large banks. Continue reading
Oct 13 Watch U.S. Economist Krugman Wins Nobel Prize in Economics The last of six 2008 Nobel Prizes was awarded Monday to Princeton University professor and New York Times columnist Paul Krugman for his research on free trade and globalization. Krugman discusses his research and theories with Jim Lehrer. Continue watching
Oct 13 Watch World Leaders Pledge Aid to Curb Global Financial Turmoil As global markets try to steady themselves amid an economic crisis, world leaders pledged to pump billions of dollars into U.S. and European economies to allay the problems. A panel of financial experts discuss the move. Continue watching
Oct 13 U.S., European Stocks Soar in Response to Government Rescue Plans By Admin, PBS News Hour Stocks across the world closed with large gains Monday after European and U.S. officials poured billions of dollars into struggling banks as part of emergency plans to restore confidence in global financial markets. Continue reading