Oct 22 Watch Global Recession Fears Send Markets Tumbling Stock markets fell Wednesday on news of weak corporate earnings and continued fears of a global recession. Economic analysts and reporters discuss the market's fall and the worldwide impact of the financial crisis. Continue watching
Oct 22 In Case You Missed It: Top Theorists Examine Rippling Economic Turbulence Editor’s Note: You can watch or read a transcript of Paul Solman’s October 21 report with economist Nassim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, here. Nassim Nicholas Taleb’s 2007 book is titled: The Black Swan: The… Continue reading
Oct 22 Weak Earnings Reports Trigger Market Losses By Admin, PBS News Hour A number of poor earnings reports from major corporations, including Wachovia Corp. and Merck & Co., caused U.S. stocks to drop more than 500 points Wednesday. Continue reading
Oct 21 Watch Top Theorists Examine Rippling Economic Turbulence As the financial sector shifts, so does the reach of the jolt to economic structures around the world. Economist Nassim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, speak with Paul Solman about chain reactions and predicting the financial crisis. Continue watching
Oct 21 Watch Attempts to Ease Credit Crunch Reveal Mixed Results Several plans have been enacted in recent weeks to loosen the flow of credit and ease the financial crisis. An expert panel evaluates the efforts and the state of the credit sector. Continue watching
Oct 21 Fed to Provide Up to $540 Billion to Money Market Funds By Admin, PBS News Hour The Federal Reserve took new steps Tuesday to loosen struggling credit markets, authorizing a new plan to inject liquidity into money markets as the government continued to search for ways to ease a global financial crisis. Continue reading
Oct 21 When the Treasury Department is repaid the money it lent, shouldn't that be used to pay down the national debt? Question/Comment: When the day comes that the banks and other financial institutions start to repay the vast amounts of money that have been borrowed by the Treasury Department, shouldn’t that money be used to pay down the additional national debt… Continue reading
Oct 21 Pakistan Looks to Raise Billions in Foreign Loans By Admin, PBS News Hour Pakistan must raise between $10 billion to $15 billion over the next few weeks in order to keep making debt payments and pay for imports, the country's new economic affairs adviser Shaukat Tarin has said. Continue reading
Oct 21 Why are we not focusing on stimulating consumer spending? Question/Comment: Hello, Paul. I am certainly no economist (as my question will show), but I learned in business school (to my surprise at the time) that two-thirds of GDP is the result of consumer… Continue reading
Oct 20 Watch Fed Chairman Signals Support for New Stimulus Package Wall Street saw a boost Monday as Fed Chairman Ben Bernanke told Congress that a second stimulus bill might help the economy. Experts examine the prospects for a new stimulus plan. Continue watching