Nov 11 Global, U.S. Markets Struggle as Worries Persist for Automakers By Admin, PBS News Hour Global financial troubles worsened Tuesday as stocks fell in many markets and analysts grew more concerned that the worldwide economic downturn is deepening. Continue reading
Nov 11 Tony Anderson Turns Low-income Areas Green One Light Bulb at a Time By Admin, PBS News Hour In his junior year at Morehouse College, Tony Anderson started the Let's Raise a Million Project to bring energy-saving technologies to African-American low income communities previously left out of the green movement. Continue reading
Nov 10 Watch China’s Stimulus Package Aims to Boost Economy, Help Avoid Global Recession Asian and European stocks rose Monday on news of China's $586 billion stimulus plan that aims to restore investors' confidence and shore up markets over the next two years, while sending a message of resolve and financial stability to foreign… Continue watching
Nov 10 Watch Parties Seek Consensus on New Financial Stimulus Plan Congressional leaders and both President Bush and President-elect Obama have stressed the need for another financial stimulus package to jump-start the stalled economy. Economists weigh in on what steps they would take. Continue watching
Nov 10 AIG Aid, China Bailout Boost World Markets After G-20 Conference By Admin, PBS News Hour The bailout of embattled insurance giant American International Group, Inc. got another dramatic boost Monday with the U.S. government easing the terms of its loans to the company. Continue reading
Nov 07 Watch Soaring Jobless Rate Offers Latest Sign of Weakened Economy In the latest gloomy financial news, the U.S. economy shed 240,000 jobs in October, pushing the employment rate up to 6.5 percent. Two analysts examine the labor numbers and what they say about the economy. Continue watching
Nov 07 Can Anything Good Come From the Crisis? Paul Solman: In anticipation of the weekend, when I don’t get many questions from you folks to answer, I sometimes pose rhetorical questions. And because they come from me, I’m in a unique position to answer them. As is the… Continue reading
Nov 07 And Now For Something Not Completely Different Paul Solman: For those who just can’t get enough of my explanations, and like them in video form, you can go to the the home of the weekly PBS show called ‘The Newsmakers,’… Continue reading
Nov 07 U.S. Unemployment Surges to 6.5 Percent in October By Admin, PBS News Hour Fueled by an economic downturn, the U.S. economy lost 240,000 jobs in October, the Labor Department said Friday. The numbers helped push the employment rate to 6.5 percent, its highest level in 14 years. Continue reading
Nov 07 What is the reasoning behind having the Fed, rather than the market, set short term interest rates? Question/Comment: Dear Mr. Solman: I’m hoping you will answer my question as to the reasoning behind or justification for having a committee (i.e., the Federal Reserve) setting the price of money, i.e., interest rate. It is generally accepted that it… Continue reading