By Elizabeth Shell
Editor's Note: The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? Basically, the debt is the result of more spending that saving at every level, from individual households to businesses to…
The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? At its core, the debt is the result of more spending than saving at every level, from individual households to businesses…
By Carolyn O'Hara
With the end of a tumultuous economic year approaching, the PBS NewsHour asked several economists to look ahead to 2010 and answer one question: What other crises may be looming?…
As part of his series Making Sense of the financial crisis, Paul Solman looks at how the dollar's weakness has spurred a new gold rush.
In other news, four American soldiers were killed by roadside bombings in Iraq, making Tuesday the bloodiest day for U.S. troops there in more than two months. And four other Americans died in eastern Afghanistan.
By Business Desk
Editor’s Note: This week, we’re featuring video conversations with Simon Johnson, former chief economist at the IMF, now at the Peterson Institute and MIT, and author of…
President Barack Obama stressed the importance of new strategic and economic dialogue between the United States and China. Margaret Warner reports on the beginning of the talks and what they mean for international relations between the two countries.
Paul Solman: The second in this week’s series of video exchanges with Simon Johnson of the Peterson Institute of Economics, MIT, and (formerly) the IMF, concerns China.
Question: There’s been speculation that China will lessen its ties to the U.S. dollar and U.S. debt. Some countries would also like oil to be priced in something other than dollars. If these events were to happen, what might be…
Question: Why is deflation so bad? I have certainly benefited from the drop in gas prices, so I wonder what is wrong with things becoming cheaper in general? And wouldn’t that make up for previous inflation? Paul Solman: Another good…
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