Jul 29 Home Prices Slid 15.8% in May, Survey Finds By Admin, PBS News Hour Home prices slid by a steep 15.8 percent in 20 U.S. cities in May, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday, offering the latest evidence of continuing struggles in the nation's housing market. Continue reading
Jul 28 Watch FDIC Chief: Most Banks Will Survive Credit Crunch Poor lending and underwriting caused two more banks in the U.S. to close over the weekend, yet regulators and the Federal Deposit Insurance Corporation, or FDIC, are helping banks remain stable as the economy struggles. Sheila Bair,the chair of FDIC,… Continue watching
Jul 28 White House Announces Record Budget Deficit By PBS News Hour Whoever wins the presidency in November will be saddled with a record budget deficit of $482 billion, according to a Bush administration estimate released Monday. Continue reading
Jul 25 Foreclosures More than Double; Uptick Seen in Durable Goods By Admin, PBS News Hour U.S. homeowners lost 220,000 homes to foreclosure in the second quarter, according to a report issued Friday by RealtyTrac, Inc., a marketer of foreclosed homes. Continue reading
Jul 24 Ford Reports $8.7 Billion Second-Quarter Loss By PBS News Hour The Ford Motor Co. on Thursday posted a second-quarter loss of $8.7 billion, due mostly to the declining value of its SUV and pickup truck lines, and announced a plan to overhaul its North American production to focus on small… Continue reading
Jul 23 Watch Wide-reaching Housing Rescue Legislation Moves Forward The House approved Wednesday a hotly-debated housing rescue package aimed at helping strapped homeowners avoid foreclosures after President Bush dropped his opposition to the bill. Experts examine the measure. Continue watching
Jul 23 The Health Care Debate: Eliminate the for-profit middle man and all is solved? By Business Desk Question/Comment: When the NewsHour does segments on health care, I would love for you or any of the staff to ask the health care administrators, economists and especially the politicians why people support a health care system that requires… Continue reading
Jul 23 Why can’t the U.K.’s fuel efficient vehicles be sold in the U.S.? Question/Comment: Car companies such as Ford, GM and Toyota sell cars throughout the world. In examining the U.K. Web sites for these companies, even in cases where the car model is the same as the U.S. Continue reading
Jul 23 President Bush Drops Veto Threat for Housing Bill By PBS News Hour President Bush will sign into law a housing rescue bill hammered out in a compromise among House and Senate leaders, the White House said Wednesday. Continue reading
Jul 22 Wachovia Posts Surprising $8.9 Billion Loss By Admin, PBS News Hour Banking giant Wachovia Corp. reported a nearly $9 billion second-quarter loss Tuesday, surprising Wall Street analysts who had expected a smaller drop. The company plans to cut 6,350 jobs and slash dividends to offset the losses. Continue reading