Feb 18 Watch Obama Unveils Plan to Curb Home Foreclosures President Barack Obama unveiled a $75 billion plan to ease the mortgage crisis that helped trigger the country's economic crisis. Kwame Holman reports on the president's announcement and other economic news of the day. Continue watching
Feb 13 Should the Government Give Money to Consumers to Pay Off Credit Cards, Mortgages? Editor’s Note: Paul recently answered “Five Good Questions” on the economy for the PBS Engage blog. You will also be able to find those answers here on the Business Desk all week. Question/Comment:… Continue reading
Feb 06 In Case You Missed It: Bad Bank vs. Good Bank Paul Solman explores a solution to the financial crisis that’s gaining steam: creating “bad banks” and “good banks.” ]>… Continue reading
Feb 06 Watch Good Bank vs. Bad Bank: Segregating Toxic Assets Might Help U.S. Economy Rebound Business correspondent Paul Solman explores the problem of banks holding toxic assets and explains how the Swedes successfully emerged from a similar economic crisis by splitting banks into "good" and "bad" categories. Continue watching
Feb 06 Toyota Forecasts $5 Billion Fiscal Year Loss By PBS News Hour The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs. Continue reading
Feb 03 Was the Wall Street Money Real or Imagined? Question/Comment: Could you explain where all the money went that supposedly vanished during the Wall Street meltdown? Who has it? Was it imaginary or did it really exist? Paul Solman: All Wall Street values are imaginary. All money is imaginary. Continue reading
Jan 30 Watch Value’s Meaning Shines Through as Economy Falters In this time of economic crisis, essayist Anne Taylor Fleming reflects on how difficult it is to gauge the real value of things. Continue watching
Jan 30 Watch Rethinking Regulation’s Role in a Struggling Economy A new government report cites continued oversight problems for the $700 billion federal rescue plan. Ray Suarez examines emerging views on regulation's role in the U.S. economy and the possible creation of a government-run "bad bank" that would help take… 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 03 The Whole World is Drowning, How Long Before Somebody Turns Off the Faucet? Question/Comment: Yesterday I saw a TV ad for mortgages to people with no credit history, job or social security number. The whole world is drowning, how long before somebody turns off the faucet? Paul Solman: There’s got to be a… Continue reading