Jan 30 Watch Backlash Continues Over Billions Paid in Wall Street Bonuses in 2008 In one of the worst economic years in history, Wall Street executives received more than $18 billion in bonuses. Experts examine how such bonuses work, followed by the analysis of Mark Shields and David Brooks. Continue watching
Jan 16 Are You Moving in With Friends to Save Money? Question/Comment: I heard Paul Solman say yesterday… wait, you are Paul Solman… that the economy is so bad, lots of people are now moving in with friends to save money. Is this really true? Paul Solman: In the interests of… Continue reading
Jan 15 Democrats Unveil $825B Stimulus Plan By Admin, PBS News Hour House Democrats on Thursday released an $825 billion economic rescue plan that aims to alleviate the economic downturn through a combination of $550 billion in spending and state aid, and $275 billion in tax cuts. Continue reading
Jan 12 Why Can’t We Bail Out Americans Who Have Overcharged Their Credit Cards? Question/Comment: Sir, I am curious why no one is talking about a sure-fire way to assist over one hundred million Americans and put over one hundred billion dollars back into the economy every month. I am talking about a bail… Continue reading
Jan 12 Bush OKs Request to Seek Bailout Funds, Reflects on White House Tenure By Admin, PBS News Hour President-elect Barack Obama has asked President Bush to seek the remaining $350 billion of the $700 billion financial industry bailout, and Mr. Bush has agreed to do so, the White House said Monday. Continue reading
Jan 09 Watch Report Faults Lax Oversight of Treasury’s Bailout Funds A congressional panel has criticized the Treasury Department's oversight of the $700 billion financial industry bailout. The panel's report says the rescue funds have failed to alleviate the foreclosure crisis and the department has not kept a thorough record of… Continue watching
Jan 09 Watch December Job Losses Compound Economic Woes Unemployment rose to 7.2 percent in December, the highest since 1993, according to a new report from the Labor Department. Employers cut 524,000 jobs, and some economy-watchers fear more cuts are still to come. Ray Suarez reports. Continue watching
Jan 07 Watch Unrest Spreads in China as Economy Worsens Chinese leaders are facing new pressures amid fears that a national social crisis is looming, brought on by millions of job losses and a surge in public protests. Nick Paton Walsh of Independent Television News reports. Continue watching
Dec 24 Watch Following the Bailout Money Trail Yields Few Answers With about half of the federal bailout allocation spent, questions remain about how exactly recipient banks used the money. Analysts give an update on where this $350 billion has gone. Continue watching
Dec 22 Watch Details Scarce on How Banks Are Spending Rescue Funds With half of the $700 billion in financial industry rescue funds already allocated, new questions are emerging over exactly how banks have used the money. A financial reporter and a top GAO official examine the issue. Continue watching