Apr 24 Ford Posts Surprise $100M Quarterly Profit By PBS News Hour Ford Motor Co. surprised Wall Street Thursday when it announced a $100 million profit for the first quarter, marking the automaker's first profitable quarter since the spring of last year. Continue reading
Apr 23 Watch As Food Prices Soar, U.N. Calls for International Help The head of the U.N. Food and Agriculture Organization urged help Wednesday for countries affected by a global food crisis caused by sharp increases in the prices of rice and wheat. Experts discuss the causes and consequences of high food… Continue watching
Apr 23 In this current financial mess, why do we not hear anything being said about the repeal of Glass-Steagall? This installment’s “guest vetter” is Robert Glauber of Harvard University. He led the Brady Commission in studying the 1987 stock market crash, was undersecretary of the Treasury for the first President Bush and, until recently, served as chairman of the… Continue reading
Apr 23 Global Food Prices Dubbed a ‘Silent Tsunami’ By PBS News Hour The global food shortage and soaring cost of staple foods is a "silent tsunami," the U.N. World Food Program said Tuesday, before a food summit hosted by British Prime Minister Gordon Brown to discuss the growing crisis. Continue reading
Apr 22 Clinton Fights on after Much-Needed Pa. Victory By PBS News Hour Facing another must-win political battle, Sen. Hillary Clinton emerged victorious Tuesday in the Pennsylvania Democratic primary, but it's unclear how much the victory will help close her delegate deficit against the better-funded Sen. Barack Obama. Continue reading
Apr 22 FDA Links Heparin Deaths to Contaminated Chinese Supply By PBS News Hour The Food and Drug Administration announced new evidence this week that links a contaminated blood thinner from China to 81 deaths in the United States. Continue reading
Apr 22 Supply Concerns Drive Oil Prices to New Highs By PBS News Hour Oil prices continued to soar Tuesday topping $118 a barrel after unrest in Nigeria and Yemen forced oil companies to limit production from key areas. Continue reading
Apr 18 How can any elected official do anything about the economy? Question/Comment: How can any elected official do anything about the economy when 90 percent of the budget goes to the military, entitlement programs, earmarks and the national debt? Paul Solman: She or he can vote to spend less (or more)… Continue reading
Apr 18 Citigroup Reports $5.1B Loss, Cuts 9,000 Jobs By Admin, PBS News Hour Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as it suffered the impacts of poor bets on mortgages and shaky credit markets. Continue reading
Apr 17 How much of a drag is the current deficit on GDP growth? Question/Comment: Can you elaborate on the pro and con arguments behind our current account deficit? How much of a drag is it on GDP growth? Paul Solman: Pro: We get to buy more now… Continue reading