Jan 17 Quick Implementation Best for Economic Boost, Fed Chair Says By Admin, PBS News Hour Federal Reserve Chairman Ben S. Bernanke told lawmakers Thursday it is "critically important" that an economic stimulus package take effect quickly to ward off a recession, recommending the government get cash into peoples' hands as soon as possible. Continue reading
Jan 17 Could you explain to us novices what long term effects will the subprime lending debacle have on our economy? Questions/Comment: Could you explain to us novices what long term effects will the subprime lending debacle have on our economy? What remedial measures need to be taken by the government and investors to limit the damage? Finally, which branch of… Continue reading
Jan 15 Justices Uphold Limits on Security Fraud Suits By Admin, PBS News Hour The Supreme Court ruled Tuesday to limit security fraud lawsuits, prohibiting investors from suing third parties such as banks or accountants for helping manipulate stock prices. Continue reading
Jan 14 Watch Bid to Print Nutrition Facts on Menus Raises Debate Lee Hochberg reports on the debate in some cities and states over laws that would require restaurants to display nutritional information on their menus. Lawmakers hope the policy would benefit diners with certain health conditions, while restaurant owners are concerned… Continue watching
Jan 11 Watch Bank of America Buys Struggling Mortgage Lender Bank of America plans to acquire Countrywide Financial, the nation's largest home loan lender, as part of a "rescue deal" intended to help ease the impact of the subprime mortgage crisis. BusinessWeek senior writer Roben Farzad explains the ins and… Continue watching
Jan 11 How does China control the exchange rate of its currency? This installment’s “guest vetter” is Martin Neil Baily, now with the Brookings Institution. He was chairman of President Bill Clinton’s Council of Economic Advisors and is a certified VKP (very knowledgeable person). If you… Continue reading
Jan 11 Bank of America to Buy Mortgage Lender for $4B By PBS News Hour Bank of America Corp. said Friday that it has agreed to pay $4 billion in stock for Countrywide Financial -- rescuing the battered lender that has come to represent the excesses of the subprime mortgage market. Continue reading
Jan 10 Watch Candidates Strive to Address Voter Concerns on Economy Exit polling from Tuesday's New Hampshire primary shows that the economy was the top concern among voters in the state, ahead of the Iraq war, healthcare and immigration. Financial reporters explain what candidates are doing to ease voters' economic anxieties. Continue watching
Jan 10 Do you have any information on white collar jobs such as computer programmers being outsourced? This installment’s “guest vetter” is Martin Neil Baily, now with the Brookings Institution. He was chairman of President Bill Clinton’s Council of Economic Advisors and is a certified VKP (very knowledgeable person). If you… Continue reading
Jan 09 I think Congress needs tighter control over the credit card industry. As this ‘bQandA evolves, I’ve taken to asking real economists (i.e., ones with Ph.D.s) to read both your questions and my answers, and comment on any or all of them. This installment’s “guest vetter” is Martin Neil Baily, now with… Continue reading