Jul 01 Medicare woes: Why the meds your doctor prescribes are outrageously expensive By Philip Moeller If there's one area of Medicare that needs fixing it's how doctors prescribe medications and the Medicare rules under which we pay for them. While your doctor should know better than to prescribe you a drug that costs an arm… Continue reading
Jun 30 Watch 8:53 ‘Managers used to be middle-class jobs’: Labor Secretary Perez on expanding overtime pay By PBS News Hour President Obama is calling for a substantial expansion of who’s eligible to earn overtime pay. His proposal would the lift the salary cap to $50,000 for all workers, even managers and executives. But many businesses have said the president’s idea… Continue watching
Jun 30 Watch 4:56 Greece misses debt payment and Greek anxiety grows By PBS News Hour An 11th-hour attempt by Greek Prime Minister Alexis Tsipras to extend its debt bailout failed to stop the country from becoming the first developed nation to miss a payment to the IMF. In Athens, thousands rallied outside Parliament, urging a… Continue watching
Jun 29 Watch 5:33 Uncertainty is certain as Greece grapples with debt crisis By PBS News Hour Greece is facing great uncertainty on the eve of a debt default and ahead of a national referendum next Sunday. Judy Woodruff talks to Greg Ip of The Wall Street Journal about the potential consequences for Greece and the Eurozone,… Continue watching
Jun 29 Watch 4:11 On brink of default, Greece imposes cash crunch By PBS News Hour The Greek government closed all banks and made ready to default on a major debt payment after bailout talks with international creditors collapsed over the weekend. Greeks lined up at ATMS and rushed to gas stations, but were met with… Continue watching
Jun 29 Hurray if you’re gay! Time to get what’s yours from Social Security By Laurence Kotlikoff The Supreme Court’s historic decision to legalize gay marriage means gay spouses can now collect spousal benefits, regardless of what state they call home. But how much do gay spouses know about Social Security benefits and how to collect them?… Continue reading
Jun 27 Greek PM closes banks to slow cash withdrawal frenzy By Daniel Costa-Roberts More than one in three ATMs in Greece ran out of cash at some point Saturday as banks struggled to provide enough euro banknotes to keep the machines running while Greeks scrambled to withdraw money. Continue reading
Jun 26 Is it time for a national divorce law too? By Laurence Kotlikoff Divorce laws can differ drastically state by state. Your divorce settlement may be far better or far worse depending on the state and even the county in which you reside. Continue reading
Jun 26 Can you win this game? Behavioral economics says no By Paul Solman Economics correspondent Paul Solman sat down with Richard Thaler, who's been called the inventor of behavioral economics, to discuss human behavior in the field of economics. Most humans, he points out, aren't the rational mathematicians economists assume they are, and… Continue reading
Jun 25 Watch 8:32 How economists think differently from other humans By PBS News Hour In economics, a theory has long prevailed that markets are based on people making rational choices. But behavioral economist Richard Thaler is seeking to prove that there is far more randomness to our financial decisions. Economics correspondent Paul Solman talks… Continue watching