Aug 19 Column: Economy in tatters, Nigeria loses title as Africa’s largest economy By Vikram Mansharamani Since Nigeria’s central bank announced it would abandon its currency’s dollar peg, the naira has fallen 61 percent against the U.S. dollar. Continue reading
Jul 03 Watch 3:04 What’s behind Venezuela’s economic crisis? By PBS News Hour Venezuelans are struggling with shortages of food, medicine and other necessities, with increasing finger-pointing at the leadership of President Nicolas Maduro. For more on the challenges facing the country, Nicholas Casey of The New York Times joins Hari Sreenivasan from… Continue watching
Jun 08 Column: What the U.S. dollar’s ups and downs mean for you By Vikram Mansharamani What forces are affecting the greenback — and more importantly, what do the moves mean for you?… Continue reading
Apr 20 Watch How Harriet Tubman kicked Andrew Jackson off the front of your $20 bill By PBS News Hour For the first time in over 100 years, famous American women will appear on U.S. paper currency. Harriet Tubman will replace Andrew Jackson on the front of the $20 bill, a group of suffragists will be added to the $10… Continue watching
Apr 20 Harriet Tubman to join Jackson on $20 bill; suffragists added to $10 By Kristen Doerer Harriet Tubman, an African American abolitionist who led hundreds of slaves to freedom on the Underground Railroad, will have her portrait placed on the front of the $20 bill. Continue reading
Jan 12 Move over Big Mac, the Mini Mac Index is here to stay By Benn Steil, Emma Smith The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally?… Continue reading
Aug 13 Watch 7:48 News Wrap: Death toll rises from China industrial blasts By PBS News Hour In our news wrap Thursday, the death toll from explosions at port facilities in Tianjin, China, rose to 50 and is still expected to increase. Also, China dismissed talk that it might allow a 10 percent currency decline after the… Continue watching
Aug 12 Watch 8:04 Sudden Chinese currency devaluation has global consequences By PBS News Hour Following market forces, China again devalued the yuan, rocking world stock and currency markets for a second straight day. According to some analysts, the change could hurt U.S. companies that do a lot of business inside China, like Apple and… Continue watching
Aug 11 Watch 7:13 What does the yuan’s decline mean for the U.S.? By PBS News Hour What does a weaker yuan mean for China and the global economy? Greg Ip of The Wall Street Journal and Orville Schell of the Asia Society join Judy Woodruff to discuss the economic and geopolitical factors. Continue watching
Aug 11 Watch 2:18 China rattles markets by devaluing its currency By PBS News Hour China devalued its currency Tuesday, a move to make the country’s exports cheaper and boost a slowing economy. In turn, the Yuan fell nearly 2 percent against the dollar, the most in a decade. Judy Woodruff reports. Continue watching