Nov 19 Watch Shields and Brooks on Realities of Spending Cuts, Obama’s Need for a ‘Win’ Syndicated columnist Mark Shields and New York Times columnist David Brooks analyze the week's top headlines including the realities of dealing with the federal deficit and earmarks, debate over passing the New START treaty and how Obama shouldn't come back… Continue watching
Nov 19 The Confidence of Ben Bernanke in Germany For a speech by a Federal Reserve Chairman, Ben Bernanke's remarks on "global rebalancing" certainly weren't designed to fly under the radar. "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal,… Continue reading
Nov 19 Joe Nocera’s Economic ‘Hall of Shame’ By Paul Solman "We titled the book 'All the Devils are Here'," said Joe Nocera's co-author, Bethany McLean, "because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the… Continue reading
Nov 18 Joe Nocera’s Hall of Shame By Elizabeth Shell "We titled the book 'All the Devils are Here'," said Joe Nocera's co-author, Bethany McLean, "because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the… Continue reading
Nov 18 The New GM: Good Bet for Long Haul? As soon as the stock market opened Thursday, there was plenty of excitement surrounding GM's initial public offering and its return to the open market, exceeding even the rising expectations of just a few days ago. But there's a big… Continue reading
Nov 17 Watch In Maine, Service Time Swapped to Help Stretch Dollars in Recession Special correspondent David Brancaccio traveled across America to find people who are creating new jobs and opportunities in their communities to stay afloat during the recession for a PBS documentary called "Fixing the Future." In this excerpt, he reports how… Continue watching
Nov 17 The Many Ways to Trim a Deficit: More Debt-Cutting Proposals Unveiled Two more plans to cut the federal deficit and rein in debt landed Wednesday. The problem, as laid out by former Sen. Pete V. Domenici and Alice M. Rivlin, who led President Bill Clinton's budget office, is long-term… Continue reading
Nov 16 Watch News Wrap: Markets on Edge Over Ireland’s Growing Debt Crisis In other news Tuesday, European Union finance ministers met to discuss a possible bailout for Ireland, whose banks have more than $60 billion in real estate debt. In Haiti, the death toll from cholera passed 1,000 as two died in… Continue watching
Nov 15 Watch News Wrap: Irish Officials Confirm Debt Talks, Say Bailout Not Needed In other news, Ireland's debt soared after it rescued five banks from huge real estate losses, but officials there insist the country doesn't need a bailout. Meanwhile, European Union officials reported the Greek government has much more debt than first… Continue watching
Nov 12 Watch At G-20, Loose Goals Set for Trade Imbalances; U.S. Prods China on Currency World leaders at the G-20 summit in South Korea set broad guidelines for the global economy but left out details on how key issues will be resolved. Jeffrey Brown speaks with Sewell Chan of the New York Times, who covered… Continue watching