Oct 23 Greenspan Calls Financial Crisis a 'Credit Tsunami' By PBS News Hour In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come. Continue reading
Oct 23 If America is losing money, who's gaining? Does there have to be balance? Question/Comment: If the world today has all the same resources it had yesterday and America is losing money there must be someone somewhere gaining from this crisis in order for there to be a balance. Am I right? If I… Continue reading
Oct 23 If this is a "financial storm", are we in the "eye of the hurricane"? Question/Comment: Paul, I record the NewsHour and just saw your — shall we say “sobering” — conversation. I was reminded of a radio interview — probably on NPR — I heard (while driving) sometime… Continue reading
Oct 23 What does the current crisis say about communism and capitalism? Question/Comment: The difference between Communism and Capitalism is one could admit that it was wrong. It seems greed is the ultimate downfall of Capitalism and ironically one of its founding precepts. With all the nationalizing going on, maybe it’s time… Continue reading
Oct 23 Can temporary total nationalization avoid the doomsday scenario? Question/Comment: Paul, I benefit from your explanations of complicated ideas, especially, the financial woes we’re now encountering. I wonder, however, why the doomsday scenario posed by the author of The Black Swan cannot be avoided by the government nationalizing the… Continue reading
Oct 22 Foreclosure Rates for 3rd Quarter Up 70% From Last Year By Admin, PBS News Hour New data released Thursday show the number of homeowners caught in the foreclosure crisis grew by more than 70 percent in the third quarter compared with the same period last year. Continue reading
Oct 22 Watch Population Growth Burdens Roads, Schools and State Programs Amid explosive population growth, Arizona tackles the traditional problems of urban sprawl as it tries to create a new model for livable communities. Ray Suarez reports on the Valley of the Sun's transition in the face of growing infrastructure demands. Continue watching
Oct 22 Watch New AIG CEO Discusses Company Spending, Troubles Government-appointed AIG CEO Edward Liddy discusses how the financial sector shake-up led to insurer AIG's problems and what measures he intends to take in order to return to successful business strategy. Continue watching
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