May 16 Cities Are Looking to Share and Share a Bike By PBS News Hour European style bike-sharing programs are soon coming to U.S. cities. Continue reading
May 14 Inflation Pressures Ease with Small Rise in CPI By Admin, PBS News Hour The overall Consumer Price Index rose 0.2 percent in April, the Labor Department announced Wednesday, a smaller-than-expected rise despite the highest jump in food prices in 18 years. Continue reading
May 13 Watch Financial World Shifts Gears Amid Economic Tumult As the U.S. grapples with an economic slowdown and a housing slump, financial leaders are rethinking their strategies. Financier and author George Soros reflects on the changing business trends and details his new book, which examines the "credit crash" of… Continue watching
May 12 Watch Green Industry Hub Rises From Rust Belt Ruins Paul Solman reports on innovators who are making the Pittsburgh region an eco-showcase of the benefits of going green and bringing new hope to the economically depressed Rust Belt region. Continue watching
May 09 What triggered Frontier Airline’s bankruptcy filing? Question/Comment: I would like to have a better understanding of what triggered Frontier Airline's bankruptcy filing. How do credit card processors do business? Why would they suddenly change the rules so drastically? Was it a sign of lack of… Continue reading
May 09 Wars increase production and employment, but this time the US is in a recession. Can we blame globilization? Question/Comment: Wars are inflationary, because goods are being produced in order to be destroyed. Wars increase production and employment but this time around the U.S. is at war and in a recession. Is this the result of… Continue reading
May 07 The housing market has made a major jump in the last thirty years, why? Question/Comment: Paul, in 1965, my dad bought our house in a suburb of Los Angeles for about $3,000. In 1979, he sold it for about $80,000. Why did the market jump so much in just 14 years? This has been… Continue reading
May 07 Aren’t production jobs the foundation of a healthy economy? Question/Comment: Having grown up around workers and plant managers in western New York, and knowing the vibrant history there, one factor stands out as fundamental to our current economic problems today: the massive loss of production jobs… Continue reading
May 06 Watch Fannie Mae Posts Losses; Mortgage Market Quakes The mortgage giant Fannie Mae posted $2.2 billion in losses Tuesday in its third consecutive quarter of bad news. A reporter from the New York Times explains this latest bad news and its potential impact on the mortgage market. Continue watching
May 06 Indonesia Mulls Quitting OPEC; Oil Prices Leap Past $122 a Barrel By PBS News Hour Indonesian President Susilo Bambang Yudhoyono said Tuesday that his country is considering dropping out of the Organization of Petroleum Exporting Countries based on its declining oil output. Continue reading