Nov 19 Watch GM CEO Defends Auto Industry’s Bid for Government Aid Auto industry executives testified before Congress Wednesday, asking lawmakers to provide aid to the struggling companies and responding to criticisms of poor management. General Motors' CEO Rick Wagoner discusses the industry's crisis and his company's case for government help. Continue watching
Nov 17 Congress Set to Debate U.S. Auto Industry Bailout By Admin, PBS News Hour Congress returns to Washington Monday to convene a lame-duck session with the struggling auto industry as its first priority. Democrats want to use part of the $700 billion Wall Street bailout for emergency loans to help the Big Three carmakers. Continue reading
Nov 14 Watch Changes to Bailout Package, Obama Transition Top Week’s News Syndicated columnist Mark Shields and New York Times columnist David Brooks assess the latest changes to the implementation of the $700 billion federal rescue plan, the Obama administration's ongoing transition process and other news of the week. Continue watching
Oct 28 Watch White House Considers Extending Bailout to Auto Industry Deepening financial crisis among the nation's biggest auto makers prompted talks to allow corporations to apply for aid under the $700 billion bailout plan. Reporters and analysts weigh the controversy around the access to money for Detroit's Chrysler, G.M. and… Continue watching
Feb 12 Watch GM Offers Employee Buyouts After $38.7 Billion in Losses After announcing record annual losses Tuesday, General Motors said that it would offer buyouts for all 74,000 of its union employees -- allowing GM to hire lower-wage workers -- to help reduce costs. New York Times business reporter Micheline Maynard… Continue watching
Jan 28 Why don’t auto-manufacturers sell cars built to the customers’ needs? Question/Comment: As long as I can remember, automobile companies have always pushed their products, by, in one way or another, indicating that they are burdened by surplus inventory. So, given that all the auto-manufacturers now have Web sites where the… Continue reading
Jan 15 Watch Detroit Museum Struggles to Maintain Identity, Attract New Art Lovers The Detroit Institute of Arts completed a six-year, $158 million makeover in 2007, including the addition of interactive exhibits and a spotlight on local artists. Jeffrey Brown reports on the new efforts to attract visitors and survive amid state economic… Continue watching
Dec 26 Watch Journalists Reflect on Tumultuous Year for U.S. Economy After a report by Jeffrey Brown on the year in economic news, business writers from across the country reflect on how the ups and downs of the business world have impacted local communities. Continue watching
Jul 26 Watch Dow Jones Industrial Average Suffers The Dow Jones Industrial Average suffered its second worst day of the year earlier this week. Financial expert Thomas Lawler and market economist Diane Swonk discuss the dip and its relationship to the national economy. Continue watching
May 14 Watch Daimler to Sell Bulk of Chrysler to Equity Group DaimlerChrysler agreed to sell the majority stake of its Chrysler Group, the third-largest car manufacturer in the United States, for $7.4 billion Monday to private equity firm Cerberus Capital Management. Two journalists discuss the deal's impact on the carmaker's future. Continue watching