Nov 26 What is Islamic Banking? Question/Comment: I was reading an article about Islamic banking in Malaysia, and I was surprised to find out that these Islamic banks were affected little if any with this bad lending that is going on in U.S. and in the… Continue reading
Nov 25 Watch Obama Pledges New Effort to Tighten Federal Budget President-elect Barack Obama named Peter Orszag as his budget director Tuesday and pledged the rein in the federal budget. Financial experts mull his proposals and weigh in on the complex process of trimming federal programs. Continue watching
Nov 25 Watch Government Widens Support for Home Loans, Credit In an effort to boost economic activity, the Fed and the Treasury announced new plans to boost consumer spending and aid the housing market. Economic analysts examine the Fed's expanding role in managing the crisis. Continue watching
Nov 24 Watch Britain Crafts Tax Plan to Help Address Country’s Economic Ills The British Parliament on Monday considered changes to its income and sales taxes as a means to alleviate the economic downturn. Margaret Warner reports from London about the proposed stimulus plan. Continue watching
Nov 24 Obama Unveils New Economic Team By Admin, PBS News Hour President-elect Barack Obama named Timothy Geithner as his choice for Treasury Secretary and named other key members of his economic team. Following are his remarks, as prepared for delivery on during a press conference Thursday in Chicago. Continue reading
Nov 21 Watch David Brooks and Ruth Marcus Discuss Obama’s Cabinet Picks, Economy’s Woes David Brooks and Ruth Marcus weigh reports that President-elect Barack Obama plans to choose Sen. Hillary Clinton and Timothy Geithner, among others, for Cabinet posts and the search for solutions to the economic crisis. Continue watching
Nov 21 Watch Jittery Markets, Weak Data Cap Grim Week on Wall Street After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. Continue watching
Nov 20 In Case You Missed It: A Conversation With Nobel-winning economist Robert Solow Editor’s Note: Paul Solman spoke with Nobel-winning economist Robert Solow on the financial crisis. ]>… Continue reading
Nov 20 Watch Worsening Economic Crisis Stops Short of Depression Nobel laureate and economist Robert Solow offers his thoughts on the severity of current economic turmoil and the chances of the situation leading to another Great Depression in a conversation with Paul Solman. Continue watching
Nov 19 Consumer Prices Plunge in October as Energy Costs Fall By Admin, PBS News Hour Consumer prices made their biggest drop in decades in October, due in part to lower gasoline and energy prices. Continue reading