Jun 29 Watch News Wrap: Greece Endorses New Austerity Measures Amid More Rioting In other news Wednesday, lawmakers in Greece endorsed new austerity measures in the face of chaos in the streets of Athens. The package of $40 billion in spending cuts and tax hikes is designed to win a second bailout from… Continue watching
Jun 29 Watch Debt Battle Growing More Urgent, but GOP, Democrats Not Budging Yet At a White House news conference Wednesday, President Obama insisted that congressional leaders put everything on the table, including spending, benefits programs and tax increases, in order to reach a debt limit deal. Jeffrey Brown discusses ongoing negotiations with Sens. Continue watching
Jun 29 As IMF's New Chief, Will Lagarde 'Keep Smiling'? By Paul Solman Christine Lagarde was nominated Wednesday to head the IMF. Photo by Dominique Charriau/Getty Images. So the synchronized French swim champ with accent-free English whom we interviewed last summer in Paris, Christine Lagarde, will run the IMF. What did we… Continue reading
Jun 24 Making Sense: Sneak Peek At a Rust Belt Success Story By Paul Solman A welder at Lincoln Electric. Photo by Jared Manders. We shot footage for an upcoming piece recently at arc welding manufacturer Lincoln Electric. The company, which we last visited back in 1992, is an improbable Rust Belt success… Continue reading
Jun 23 Watch White House, GOP Budget Deficit Talks Hit a Wall: Now What? Budget deficit negotiations between Vice President Joe Biden and GOP lawmakers broke down Thursday after House Majority Leader Eric Cantor pulled out over the question of raising taxes. Judy Woodruff discusses the breakdown and what's ahead with The Washington Post's… Continue watching
Jun 23 Making Sense: Is China's Economic Progress In Trouble? By Paul Solman Stephen Roach of Morgan Stanley and now Yale, and author of the book "The Next Asia," has long been among the most astute and independent of economic forecasters. He has also spent much of the past decade… Continue reading
Jun 23 Is China's Economic Progress in Trouble? By Elizabeth Shell Stephen Roach, of Morgan Stanley and now Yale and author of the book "The Next Asia," has long been among the most astute and independent of economic forecasters. He has also spent much of the past decade in the… Continue reading
Jun 22 Watch Is Your Pension Safe? States Struggle With Pricey Challenges As part of his continuing coverage of Making Sen$e of financial news, economics correspondent Paul Solman reports from Rhode Island on the struggles that states are facing over how to calculate investment returns for public pension funds to keep them… Continue watching
Jun 22 Can Investment Assumptions Worsen the State Pension Fund Crisis? By Diane Lincoln Estes Well, no. Investment assumptions themselves don't worsen the crisis, but as we explain in our story on Rhode Island on Wednesday's broadcast, decisions about pension fund investment assumptions can mean higher taxes, lower pensions and bitter politics. Why?… Continue reading
Jun 21 Mad Hatter v. Baaad Hatter: You Voted and the Winner Is... By Paul Solman ...that Hero of Haberdashery, Champ of Chapeaux, el Senor de Sombreros and Fliest of Fedoras -- my hat! In a poll so scientific Bill Nye might turn green with envy, the Making Sen$e readership has spoken as one. Well,… Continue reading