Oct 07 Watch Risky Credit Default Swaps Linked to Financial Troubles Insurer AIG is among the financial titans to hit troubled times in the recent Wall Street crisis. Paul Solman takes an in-depth look at the woes at AIG and explains how credit default swaps played a role its financial turbulence. Continue watching
Oct 07 Watch Weak Collective Action Threatens Global Credit Crisis The U.S. financial meltdown has become a globalized crisis, spreading to Europe and emerging markets. The managing director of the International Monetary Fund explains the importance of restoring confidence among banks and consumers, coordinating efforts among countries and the IMF's… Continue watching
Oct 06 Watch Bailout Fails to Stem Credit Fears in Financial Markets Despite the approval of a sweeping $700 billion bailout bill on Capitol Hill, the downward march of the financial sector continued Monday as major world and U.S. markets plummeted. Continue watching
Oct 06 Stocks Drop Over Continuing Credit Fears By PBS News Hour U.S. stocks fell more than 6 percent Monday morning and the Dow Jones industrial average fell below 10,000 for the first time since October 2004. Continue reading
Oct 03 Watch Sweeping $700 Billion Financial Rescue Wins Final Approval The U.S. economy faced fresh troubles Friday as President Bush signed a $700 billion bailout bill. Analysts weigh the economic picture and Paul Solman recaps week's events. Continue watching
Oct 02 House Leaders Count Votes, Target GOP Holdouts in Attempt to Pass Rescue Package By Admin, PBS News Hour The Treasury Department's plan to buy bad mortgage-related securities returns to the House Friday, as lawmakers lobby their own party members and hope tax cuts and financial rule changes will convince holdout Republicans to vote yes. Continue reading
Oct 02 Watch Shields and Brooks Preview High-stakes VP Debate Vice presidential candidates Senator Biden and Governor Palin meet in St. Louis Thursday for a highly-anticipated campaign debate. Political analysts Mark Shields and David Brooks preview the meeting and the stakes for the candidates. Continue watching
Oct 02 Watch Questions Remain on Bailout Plan as House Prepares to Vote Anew The Senate on Wednesday approved a financial rescue package that could cost up to $700 billion -- the largest government intervention in U.S. history. Analysts discuss whether the plan will be enough to fix the ailing economy. Continue watching
Oct 02 What would happen if the government gave every American one million dollars so people could pay off all their mortgages and bills? While waiting for more of your emails (they come in via the Online NewsHour in Virginia), I’ve been fielding a few from friends and neighbors. I thought I’d share them, and my answers, this afternoon. First, from my earliest friend:… Continue reading
Oct 02 Reports: High Unemployment, Low Manufacturing By PBS News Hour Stocks dropped early in trading Thursday after the government reported that the number of people seeking unemployment benefits rose to a seven-year high and that orders for manufactured goods dropped by 4 percent in August. Continue reading