Feb 19 Web Extra: Finland's Unusual Take on the Recession And now for something almost completely different: an advertising campaign that urges consumers to SPEND their way out of the recession, instead of save their way through it. We ran a snippet of it… Continue reading
Feb 19 Watch The Amazing Adventures of 'Savings Man' In the latest of his series of reports on the financial crisis, Paul Solman speaks to the founder of an organization funding creative public service ads on saving money. Continue watching
Feb 19 Watch Public, Bankers, Analysts Debate Merits of Obama's Foreclosure Plan Reaction in the banking world and among the public to President Barack Obama's plan to ease home foreclosures has proven mixed. Analysts debate the plan's merits and examine what the measure may mean for homeowners and lenders. Continue watching
Feb 19 Watch Hanesbrands Relocates Manufacturing to Asia Hanesbrands underwear company has closed 30 plants in North and South America, putting thousands out of work, while relocating its factories to Asian countries. Jeffrey Kaye of KCET-Los Angeles reports. Continue watching
Feb 19 Watch In Bad Economy, Countries Contemplate Protectionist Measures Across the globe, many countries are taking protectionist measures to buffer national economies from the ongoing economic downturn. Experts debate the potential effects of a trend toward protectionism. Continue watching
Feb 19 Watch Other News: Stocks Sink, California Approves Budget Stocks plummeted after bleak unemployment and manufacturing reports, and the California legislature approved and sent a budget to Gov. Arnold Schwarzenegger after a long political deadlock. Jim Lehrer recaps the day's other news headlines. Continue watching
Feb 19 Stanford Group Leaves Houston High and Dry This week the Securities and Exchange Commission charged Texas banking billionaire R. Allen Stanford with over $8 billion in fraud, leaving depositors throughout Latin America wondering where their money is and whether they'll get it back. Continue reading
Feb 19 After Long Battle, Calif. Budget Heads to Governor By PBS News Hour The California Assembly approved the state's long-awaited budget, sending the package to Gov. Arnold Schwarzenegger after several all-night sessions and political concessions. Continue reading
Feb 19 Why Should We Save Big Banks? Question/Comment: I am a traditional liberal democrat who is in favor of a large stimulus package that focuses on job creation and helping out states. I can not understand the need for further bank bailouts. I do not understand the… Continue reading
Feb 18 Watch Obama's Mortgage Plan Marks Next Step in Recovery Effort One day after signing the stimulus bill, President Barack Obama unveiled a plan Wednesday to stem the foreclosure crisis. White House adviser Lawrence Summers offers insight on the recovery strategy. Continue watching