Mar 25 Watch Foreclosure Rates Reflect Human Cost of Mortgage Meltdown The city of Baltimore has lately seen skyrocketing foreclosure rates and slumping home prices. The housing shake-up led the city to sue its largest lender -- Wells Fargo -- over allegations that it gave black homebuyers higher loan rates than… Continue watching
Mar 24 Watch JP Morgan Raises Bear Stearns Buyout Bid Amid stockholder discontent, JP Morgan Chase raised its bid to buy investment bank Bear Stearns Monday from $2 a share to $10 a share. A New York Times financial reporter helps explain the buyout. Continue watching
Mar 24 JP Morgan Hikes Offer for Troubled Bear Stearns By PBS News Hour Stock indexes rose in early Monday trading after banking giant JP Morgan Chase & Co. confirmed reports that it had quadrupled its offer for troubled investment bank Bear Stearns Co. Continue reading
Mar 21 Watch Rubin: ‘Complexity, Uncertainty’ Shade Economic Issues Robert Rubin, who served as treasury secretary during the Clinton administration and is currently the chairman of the board of directors at Citigroup, evaluates the state of the U.S. economy and the role of government intervention in recent economic troubles. Continue watching
Mar 21 How much weight does the U.S. president have on interest rate changes? By Paul Solman Question/Comment: How much weight does the U.S. president have on interest rate changes? The news talks about the Federal Reserve, but it seems it was Bush’s idea to bring them down low, so everyone can own a home. I know… Continue reading
Mar 21 How much national debt is a good thing? By Paul Solman Question/Comment: Paul, please keep up your enlightening NewsHour segments. My question: How much national debt is a good thing? Generational fairness clearly calls for limits, but despite the many voices weighing in on this issue, I have yet to hear… Continue reading
Mar 21 Watch Examining the Roots of U.S. Economic Woes In recent months, the U.S. business world has been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollar. Paul Solman explains the factors that have led… Continue watching
Mar 18 Watch Fed Cuts Key Interest Rate in Latest Bold Move As fears of a recession intensified, the Federal Reserve cut the federal funds rate 0.75 percent Tuesday. A finance journalist from the Wall Street Journal discusses the rate cut and the markets' response. Continue watching
Mar 18 Federal Reserve Cuts Key Interest Rate By Admin, PBS News Hour The Federal Reserve on Tuesday cut a key interest rate by three-fourths of a percentage point, moving to contain a credit crisis threatening to push the country into a recession. Continue reading
Mar 17 Watch Reaction Is Mixed After Fed’s Efforts to Boost Economy Amid a slumping economy, the Federal Reserve has resorted to some unusual methods to stave off a recession, most notably its role in coordinating the bailout of lending giant Bear Stearns. Economics experts examine the Fed's action and the state… Continue watching