Mar 03 What's the Significance of the Dow Dropping Below 7,000 Points? By Business Desk Question: What’s the significance of the Dow dropping below 7,000? Paul Solman: Just another number. To the extent that people focus on it, however, it can have the effect of increasing the anxiety over stock prices, and lead to more… Continue reading
Mar 03 Why Does AIG Need Yet Another Bailout? Question: Why does AIG need yet another bailout? Paul Solman: As Joe Nocera and Frank Partnoy explained on Monday’s show, it’s all about the “counterparties.” These are the large financial institutions with whom… Continue reading
Feb 27 Economy Shrank 6.2% at End of 2008, Fastest Since 1982 By Admin, PBS News Hour The U.S. economy contracted at a sharp 6.2 percent pace at the close of 2008, its worst showing since 1982, as exports plunged and consumers and businesses cut back spending. Continue reading
Feb 26 Watch Obama Administration Rolls Out $3.5 Trillion Budget Plan President Obama's $3.5 trillion federal budget plan for the fiscal year includes both record spending and deficits for a wide range of programs, including health care, education and bank rescues. Kwame Holman reports. Continue watching
Feb 26 What About the Recession's Effects on the Arts? Question/Comment: Is there a possibility that you would do a piece on the Brandeis decision to close the Rose Art Museum and sell the collection? I know you’re a graduate, as I am. It strikes me a bad decision… Continue reading
Feb 25 Watch Nation's Reaction to Obama's Congress Speech Gauged President Obama's address to the joint session of Congress and the nation blended confidence that the country will weather the recession with warnings of a tough road ahead. Newspaper editors from across the nation assess the public reaction. Continue watching
Feb 25 Watch Geithner: Bank Nationalization Is the 'Wrong Strategy' Treasury Secretary Timothy Geithner details the Obama administration's economic recovery plan and clarifies how the government plans to address the banking crisis. Continue watching
Feb 25 Watch Obama Administration Moves Quickly on Economy Following Tuesday's Speech President Obama announced his third nominee Wednesday for Commerce Secretary, Gary Locke, and met with Treasury Secretary Tim Geithner and Congressional leaders to discuss stronger federal regulations. Continue watching
Feb 25 What Would Be the Energy Cost of Electric Cars? By Business Desk Question/Comment: Paul, I am wondering about the new restrictions that are being forced on the car manufacturers for bio-fuel/electric/ethanol cars. Why isn’t there any mention about the cost of producing the electricity for the car batteries and ethanol? In the… Continue reading
Feb 25 Wall Street Teeters, Obama Presses Economic Plan By Admin, PBS News Hour Wall Street rang up fresh losses in early trading Wednesday as the Obama administration pressed its economic plan and moved forward with preparations to begin new "stress tests" on the banking system. Continue reading