Jan 13 Can We Really Compare Today’s Unemployment Numbers With Those During the Great Depresssion? Question/Comment: After the rebroadcast of your interview with Robert Solow I had a discussion with my daughter, who is a high school junior. She noted that Solow mentioned the unemployment rate in the Great Depression was 25 to 30… Continue reading
Jan 12 Why Can’t We Bail Out Americans Who Have Overcharged Their Credit Cards? Question/Comment: Sir, I am curious why no one is talking about a sure-fire way to assist over one hundred million Americans and put over one hundred billion dollars back into the economy every month. I am talking about a bail… Continue reading
Jan 09 Watch Shields and Brooks Mull Obama’s Intel Picks, Stimulus Plan Syndicated columnist Mark Shields and New York Times columnist David Brooks assess the week's news, including Obama's new intelligence team and his push to get a new economic stimulus package through Congress. Continue watching
Jan 09 Watch Economists Explain Why Hints of the Economic Crisis Eluded Them Some of the nation's brightest economists failed to predict the foreclosure crisis and economic recession that followed. Paul Solman asks them why no one connected the dots in time to warn the public. Continue watching
Jan 09 Watch December Job Losses Compound Economic Woes Unemployment rose to 7.2 percent in December, the highest since 1993, according to a new report from the Labor Department. Employers cut 524,000 jobs, and some economy-watchers fear more cuts are still to come. Ray Suarez reports. Continue watching
Jan 09 Unemployment Rate Hits Highest Point in 16 Years By Admin, PBS News Hour A day after President-elect Barack Obama warned that the recession could "linger for years" unless Congress pumps money into the economy, a government report released Friday underscored the toll the downturn is having on workers and companies. Continue reading
Jan 08 Watch New President’s Economic Plan Faces Numerous Congressional Hurdles President-elect Barack Obama's economic recovery plan may face significant resistance in Congress. Analysts discuss the hurdles the Obama proposal will likely encounter as he pushes his agenda on Capitol Hill. Continue watching
Jan 08 Obama Makes Case for Economic Stimulus By Admin, PBS News Hour President-elect Barack Obama made his case for a large-scale economic stimulus plan in a speech Thursday morning. Mr. Obama warned the recession could "linger for years" unless Congress pumps unprecedented sums into the weakened economy. Continue reading
Jan 07 Watch Federal Budget Deficit Projected to Skyrocket in 2009 New Congressional Budget Office figures released Wednesday predict the federal budget deficit will hit $1.2 trillion in 2009. Analysts mull what the numbers mean. Continue watching
Jan 07 Deficit Projected to Soar to $1.2 Trillion By Admin, PBS News Hour The federal budget deficit will hit an unprecedented $1.2 trillion for the 2009 budget year, new Congressional Budget Office figures show. Continue reading