Nov 12 Democrats Press for Billions in Aid to Auto Industry By PBS News Hour Democrats continued to push for aid for struggling U.S. automakers, calling for Congress to act during its lame-duck session next week to give the industry a much-needed financial boost as it confronts weak sales and plummeting stock prices. Continue reading
Nov 11 Watch Despite Bailout, Budget Strains Worsen for Fannie, AIG Ailing financial giants Fannie Mae and American International Group will need additional government help, despite rescue measures extended by the federal recovery package. Two financial experts examine the prudence of the bailouts and their shortcomings. Continue watching
Nov 11 Watch Help for Burdened Mortgage Borrowers Offers Costs and Benefits U.S. homeowners have been among the hardest-hit by the global economic meltdown. In the first of a series, analysts discuss the benefits and flaws of governmental and lender recovery plans, including Citibank's offer to modify loan terms for those falling… Continue watching
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