Mar 18 AIG Chairman Liddy Heads to Capitol Hill By Admin, PBS News Hour The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments. Continue reading
Mar 18 Madoff's Accountant Arrested on Fraud Charges By Admin, PBS News Hour The longtime accountant for jailed swindler Bernard Madoff was arrested Wednesday and charged with fraud dating back 17 years for failing to conduct audits in what was may be the biggest investment fraud on Wall Street. Continue reading
Mar 17 Government Furor Continues Over AIG Bonuses By PBS News Hour As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company. Continue reading
Mar 17 How Do We Get Banks Lending Again? Question: Given our collective financial plight and our need for credit to survive, how do we get banks to be banks again (read: lend)? Can it be legislated – and if not, how can we surmount our impasse? Paul Solman:… Continue reading
Mar 16 Obama Cites 'Outrage' Over AIG Bonuses By PBS News Hour President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money. Continue reading
Mar 16 New Grads Increasingly Turning to Jobs in Service, Volunteer Sectors By Admin, PBS News Hour With the nation's unemployment rising to a 25-year high this month and the financial sector in turmoil, job prospects look bleak for many college seniors set to graduate this spring. Continue reading
Mar 13 Watch Economic Strategy, Stem Cell Policy Top Week's News Columnists Mark Shields and Michael Gerson weigh the news of the week, including President Barack Obama's approach on the economy, his decision to lift restrictions on stem cell research funding, and more. Continue watching
Mar 13 Latin American Countries Worlds Apart in Economic Downturn By PBS News Hour With the global economy in a tailspin, some Latin American countries are feeling the effects of slumping trade and a drop in remittances from people in the United States, while others appear to have been spared for now. Continue reading
Mar 12 Watch Michelle Obama Works to Define Agenda as First Lady First lady Michelle Obama is settling into her new role as she tours federal agencies, participates in community projects and highlights issues like bolstering support for military families. Analysts discuss her role and the public reaction. Continue watching
Mar 12 Watch Madoff Pleads Guilty to Massive Wall Street Fraud Bernard Madoff pleaded guilty Thursday to fraud charges totaling an estimated $65 billion. Analysts discuss the case and the prospects of victims recovering any money. Continue watching