Aug 24 John Maynard Keynes on the stock market this past week By Paul Solman Keynes, perhaps the 20th century most eminent economist, had quite the theory about the stock market. Its relevance was too striking to resist. Continue reading
Aug 24 UPDATE: Stock markets down after volatile day of trading By Kristen Doerer Stock markets plummeted this morning, with the Dow Jones Industrial Average falling more than 1,000 points, or 5 percent, at opening, before rebounding and making back most of its gains by noon. As of 12:15 p.m. EDT Monday, the Dow… Continue reading
Aug 22 Photos: Venezuelans contend with food, medicine shortages, as low oil prices cripple economy By Kenzi Abou-Sabe Amid Venezuela's ongoing economic crisis, protests this month in the nation's capital over shortages of medicine and basic supermarket necessities have spotlighted the ripple effect of the falling price of oil, the country's main export. Continue reading
Aug 21 Watch 4:06 Will Wall Street’s rough week prove an overdue correction? By PBS News Hour There was a global sell-off of stock today, as investors panicked in the wake of another Chinese stock crash. To understand Wall Street’s bad week, Judy Woodruff speaks to Liz Ann Sonders of Charles Schwab. Continue watching
Aug 21 Dow drops more than 500 points, rocks Wall Street By Ariel Min It was a wild day on Wall Street today, as global stock prices plunged. In America, the close marked the end of the worst week in the market in four years. Continue reading
Aug 21 Think Vietnam’s middle class won’t affect you? Think again By Vikram Mansharamani I just returned from a trip to Ho Chi Minh City (Saigon), where I had a front-row seat to see the forthcoming global consumption boom driven by a rapidly expanding middle class. Continue reading
Aug 20 Watch 7:44 How a clothing company’s anti-consumerist message boosted business By PBS News Hour High-end outdoor clothing company Patagonia outfits mountain climbers, snowboarders, surfers and trail runners -- athletes who subject their gear to abuse. Each day, some of that clothing makes its way back to the company's headquarters, where workers extend the life… Continue watching
Aug 20 The conversion of a Patagonia seamstress By Paul Solman “Don’t buy this jacket.” Those words are awfully counterintuitive for a business that makes and sells clothing, but outdoor clothing company Patagonia ran that directive as part of a widespread ad campaign. Continue reading