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
Sep 30 Watch Americans Fear Personal Investments Hit by Credit Crunch A record decline in U.S. markets Monday spread panic to average Americans worried about their investments. Finance writers Jane Bryant Quinn of Newsweek and Brett Arends of the Wall Street Journal assess how the credit crisis will impact personal finances. Continue watching
Sep 30 Watch Bailout Discord Persists as Congress Seeks to Fix Economy With Congress set to revisit reaching a compromise over the proposed $700 billion bailout that failed in the House on Monday, a panel of lawmakers debate the plan and future efforts to alleviate the economic meltdown. Continue watching
Sep 30 President Urges Congress to Take ‘Decisive Action’ on Bailout By Admin, PBS News Hour Stocks opened higher Tuesday morning, but financial markets remained troubled a day after the House voted down a $700 billion rescue plan for the financial sector that the Bush administration and congressional leaders had agreed was necessary. Continue reading
Sep 29 Watch Rescue Bill Failure Shocks Wall Street The House defeated a $700 billion rescue package Monday, causing serious turmoil on Wall Street. A panel of reporters discuss the implications of the rescue rejection. Continue watching
Sep 29 Watch House Defeats Wall Street Rescue Plan A controversial $700 billion Wall Street rescue bill backed by Congressional leaders and the Bush administration failed to pass in the House of Representatives Monday. Kwame Holman reports on the dramatic day on Capitol Hill. Continue watching
Sep 29 House Rejects $700 Billion Bailout; Stocks Plummet By Admin, PBS News Hour The House on Monday defeated a $700 billion emergency rescue package, ignoring pleas from President Bush and bipartisan congressional leaders to bail out the financial industry, while the Dow Jones industrial average lost more than 700 points. Continue reading
Sep 29 In Latest Shake-Up, Citigroup to Acquire Wachovia By Admin, PBS News Hour In the latest shake-up of the widening global financial crisis, Citigroup will acquire the banking operations of Wachovia Corp. Continue reading
Sep 26 Watch Shields, Brooks Weigh in on the Week’s Dramatic Bailout Debate It was a devastating week on Wall Street and a contentious one in Congress as politicians battled over bailout proposals. With the presidential candidates heading to the first debate, political analysts Mark Shields and David Brooks reflect on the developments. Continue watching