Mar 19 Watch Despite dip in unemployment, Yellen says Fed will hold low short-term interest rates for now By PBS News Hour Continue watching
Mar 19 Watch What Toyota’s $1.2 billion settlement means for the auto industry By PBS News Hour The Justice Department announced a record $1.2 billion dollar penalty leveled at automaker Toyota. A four-year criminal investigation determined the car company had concealed unintended acceleration issues, a serious safety concern. That case could serve as a warning to General… Continue watching
Mar 19 Michigan plan promises to cover college tuition, but students must ‘pay it forward’ By Margaret Myers Legislators in Michigan have proposed a creative solution for financing college tuition -- make it free. That’s the first step. Second step: require the student to “pay it forward.”… Continue reading
Mar 19 Yellen defends Fed’s decision to forgo unemployment threshold By Simone Pathe The Fed’s policy-making body, the Open Market Committee, announced Wednesday they will again draw down purchases of bonds by $10 billion. Monthly bond purchases will now decreases from $65 billion to $55 billion. Continue reading
Mar 19 Toyota to pay $1.2 billion for misleading public on safety recalls By Ellen Rolfes Toyota has come to a $1.2 billion settlement to end a Justice Department criminal probe into how the company handled customer complaints and automobile recalls related to safety problems with their vehicles from 2009 to 2010. "Today we can say… Continue reading
Mar 19 Is Janet Yellen right for the job? By Richard F. Syron At the end of the Fed's two-day policy meeting Wednesday, Janet Yellen holds her first press conference as chair. Former Fed governor Richard Syron examines Yellen's preparation for the job in light of her predecessors' tenures at the central bank. Continue reading
Mar 17 What is Obama trying to cut from Social Security? By Laurence Kotlikoff Seizing on an ambiguous clause about Social Security in President Obama's 2015 budget, Larry Kotlikoff argues that the administration should be doing a lot more to reform our nation's retirement system. Continue reading
Mar 14 Buffett: ‘Stay away’ from bitcoin By Sam Lane Billionaire businessman Warren Buffett harshly criticized the virtual currency bitcoin Friday during an interview with CNBC's "Squawk Box." "Stay away from it. It's a mirage, basically," the Berkshire Hathaway CEO said. "It's a method of transmitting money...The idea that… Continue reading
Mar 14 Economics explains why you resemble your mate By Paul Oyer In this adaptation of "Everything I Ever Needed to Know About Economics I Learned from Online Dating, " Paul Oyer explains how our decisions to stick with people whose backgrounds resemble our own lead to stagnant economic mobility. Continue reading
Mar 13 Watch Crunching the costs and benefits of overtime pay reform By PBS News Hour President Obama has directed the Labor Department to update overtime pay rules for an estimated 5 million workers, but some business owners and Republicans are worried about economic effects for employers. Hari Sreenivasan gets debate on the overtime bump from… Continue watching