Jul 11 Paulson: No Bailout for Fannie Mae, Freddie Mac By Admin, PBS News Hour Amid worries that Fannie Mae and Freddie Mac might run short of capital, Treasury Secretary Henry Paulson said Friday the government would support them "in their current form as they carry out their important mission."… Continue reading
Jul 10 Fannie Mae, Freddie Mac Stocks Tumble over Bailout Fears By PBS News Hour Shares of government-chartered mortgage giants Fannie Mae and Freddie Mac plunged to their lowest levels since 1991 in Thursday trading over concerns the companies won't be able to raise necessary capital. Continue reading
Jul 09 Why are many oil-producing countries still unable to solve their chronic poverty problem? Question/Comment: With the record world petroleum prices, why is it that many oil-producing countries, such as Mexico, Venezuela, Nigeria, are still unable to solve their chronic poverty problem? Shouldn't the oil boom generate more jobs for the masses… Continue reading
Jul 08 Watch Fed Ready to Strengthen Regulations Tied to Lending Practices Federal Reserve Chief Ben Bernanke outlined new rules Monday that are intended to protect homebuyers from risky lending practices blamed for a nationwide housing crisis. Wall Street Journal editor David Wessel examines the move. Continue watching
Jul 08 Bernanke to Propose Stricter Mortgage Regulation By PBS News Hour Federal Reserve Chairman Ben Bernanke outlined a new set of mortgage-lending rules Tuesday, which will be aimed at shielding future homebuyers from risky lending practices and avoiding a repeat of the country's current mortgage crisis. Continue reading
Jul 08 For retailers, cash or credit? Question/Comment: Maybe 10 years ago I heard that cash was the costliest payment to exchange or process by a retailer. Also credit was costlier than debit for a retailer to have processed by a bank. Lately, I've heard just the… Continue reading
Jul 03 Watch Economy Burdened by Job Losses, Slipping Sales, Oil Costs The Labor Department announced the sixth consecutive month of job cuts Thursday as employers cut 62,000 workers, further fueling U.S. economic concerns. Analysts examine the news. Continue watching
Jul 03 U.S. Employers Cuts Payrolls by 62,000 in June By Admin, PBS News Hour The Labor Department announced the sixth consecutive month of job cuts as U.S. employers cut 62,000 non-farm workers from their payrolls in June, creating the longest-running decline since 2002. Continue reading
Jul 02 Watch Starbucks Plans to Close 600 Stores as Sales Slide Starbucks announced Wednesday the closure of 600 stores and plans for staff cutbacks after a drop in sales. Lee Hochberg reports on the economic shifts behind the company's losses and how the coffee giant plans to recover. Continue watching
Jul 02 Are the stimulus checks only a loan? Question/Comment: My accountant told me the government’s gift of money for taxpayers (to help stimulate the economy?) is actually a loan that most middle/upper income citizens will have to repay within a year. Paul Solman: America spends more than… Continue reading