Feb 19 Stanford Group Leaves Houston High and Dry This week the Securities and Exchange Commission charged Texas banking billionaire R. Allen Stanford with over $8 billion in fraud, leaving depositors throughout Latin America wondering where their money is and whether they'll get it back. Continue reading
Feb 18 Watch Obama’s Mortgage Plan Marks Next Step in Recovery Effort One day after signing the stimulus bill, President Barack Obama unveiled a plan Wednesday to stem the foreclosure crisis. White House adviser Lawrence Summers offers insight on the recovery strategy. Continue watching
Feb 18 Watch Other News: Markets Flat, Calif. Budget Deal in Peril In Wednesday's other news, Wall Street was flat, and controversy in the California state Senate has endangered a fragile deal over the state's budget crisis. Continue watching
Feb 18 Watch Obama Unveils Plan to Curb Home Foreclosures President Barack Obama unveiled a $75 billion plan to ease the mortgage crisis that helped trigger the country's economic crisis. Kwame Holman reports on the president's announcement and other economic news of the day. Continue watching
Feb 18 At What Point Does Increasing Productivity Damage a Consumption-Based Economy? Question/Comment: At what point does increasing Productivity damage a consumption-based economy? Can this be discussed with respect to the recent historically high levels of productivity in “modern industrialized” economies with relatively inelastic labor pools? Paul Solman: Most economists will tell… Continue reading
Feb 18 GM, Chrysler Paint Dire Picture in Plea for More Federal Aid By Admin, PBS News Hour Nine weeks after automakers made their first plea to Congress for emergency aid, General Motors and Chrysler submitted new restructuring strategies and requests for additional federal funds that could bring the government's total tab to $39 billion. Continue reading
Feb 17 Watch Amid State Struggles, Calif. Faces Deep Budget Shortfall As the stimulus goes into motion, states around the nation are facing budget shortfalls. California is facing a particularly dire situation, with thousands of jobs on the line. Continue watching
Feb 17 Watch Obama Signs Economic Stimulus Package Into Law President Barack Obama signed the landmark $787 billion economic stimulus package Tuesday. Kwame Holman reports on the president's latest efforts to communicate his economic plans in visits to cities around the country. Continue watching
Feb 16 Watch Foreclosure Crisis in California Devastates Some Neighborhoods In California, one in 25 homes faces foreclosure. Areas such as Inland Empire, known as "the affordable Orange County," are particularly hard-hit. KCET's "SoCal Connected" program reports on the crisis. Continue watching
Feb 16 Watch Referendum Results Empower Chavez to Continue ‘Socialist Revolution’ Venezuelans voted to lift a two-term constitutional limit on the presidential term, allowing Hugo Chavez to run for office again in 2012. Analysts discuss what this means for the future of Venezuelan politics. Continue watching