Dec 17 Is the Bernard Madoff Financial Fiasco Tied to the Global Economic Meltdown? By Business Desk Question/Comment: How is the Bernard Madoff financial fiasco tied to the global economic meltdown? Is it just a timely coincidence? The thought of a connection somehow seems important. Paul Solman: Let’s see if I can resist the urge to make… Continue reading
Dec 16 How Much Globalization Versus Nationalism/Protectionism is Needed Right Now to Resolve the Economic Crisis? Question/Comment: How much globalization versus nationalism/protectionism is needed right now to resolve the economic crisis? Paul Solman: Interesting. Your question prompts a warning. The Smoot-Hawley Tariff Act of 1930, an attempt to protect American industry only eight months after the… Continue reading
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
Dec 02 Watch Governors Press Their Case for Economic Recovery Plan President-elect Barack Obama met with state leaders at the National Governors Association conference Tuesday to help shape an economic recovery plan. A panel of governors describes how states are handling the financial downturn. Continue watching
Nov 27 Watch Lincoln, Roosevelt Presidencies Offer Lessons for Obama Presidents Abraham Lincoln and Franklin Delano Roosevelt both took office during times of crisis, and their leadership may provide President-elect Barack Obama with some insight into the road ahead. Authors with new biographies of Lincoln and FDR examine what Mr. Continue watching
Nov 26 Watch Obama’s Economic Strategy Begins to Emerge as Team Takes Shape In an attempt to combat the economic crisis, President-elect Barack Obama has appointed key members of his economic team, including former Fed Chair Paul Volcker, to lead an economic advisory panel. Two financial writers assess his team and financial recovery… Continue watching
Nov 20 Watch Worsening Economic Crisis Stops Short of Depression Nobel laureate and economist Robert Solow offers his thoughts on the severity of current economic turmoil and the chances of the situation leading to another Great Depression in a conversation with Paul Solman. Continue watching
Nov 15 G-20 Leaders Outline Joint Efforts to Avoid Future Economic Crises By PBS News Hour As the G-20 economic summit drew to a close Saturday, President Bush and the leaders of nearly two dozen countries agreed to flag risky investing and regulatory loopholes in the hopes of preventing future financial meltdowns. Continue reading
Nov 14 G-20 Leadership Information By Admin, PBS News Hour The G-20, which is comprised of leaders and financial officials from industrial and developing countries plus the European Union holds talks on Nov. 15 in Washington's National Building Museum. Following is a look at the group's membership. Continue reading
Oct 23 Watch Southern California Hit Hard by Home Foreclosures Vacant homes dot new developments in Southern California's Riverside County, which has been plagued by record foreclosure numbers. In an excerpt of KCET Los Angeles program SoCal Connected, correspondent Lisa Ling examines the impact of the crisis - including a… Continue watching