Nov 18 Watch Struggling Automakers Press Congress for Federal Aid On Capitol Hill Tuesday, Ben Bernanke and Henry Paulson defended their economic rescue strategy and automakers made their case for federal aid. Senators detail the debate over using bailout funds to help automakers. Continue watching
Nov 18 How is the Economy Affecting Your Pocketbook? Paul Solman: In the spirit of turnabout being fair play, I’ve got questions for YOU. All of you. They’re for a TV story I’m doing. As an exclusive bonus for zealous Business Desk readers,… Continue reading
Nov 17 Watch Financial Crisis Shows Global Reach in Sluggish British Economy On the heels of this weekend's G-20 summit of world leaders to assess the economic crisis, Margaret Warner reports from London on how the financial turmoil has impacted Great Britain -- where the upheaval has hit especially hard. Continue watching
Nov 17 Watch Citigroup to Cut Jobs, Sell Assets in Financial Crunch Citigroup announced plans Monday to cut 53,000 jobs worldwide as a result of the worsening global fiscal crisis and large company losses. Roben Farzad of Business Week assesses the financial institution's troubles and how other banks are faring. Continue watching
Nov 17 When the Government Issues New Treasury Debt and Puts it into the Banking System, Does That Mean More Dollars in the World, and Thus Inflation? Paul Solman: Several weeks ago, former Fed Chairman and economic boom cheerleader Alan Greenspan said this before Congress: “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state… Continue reading
Nov 14 Watch Changes to Bailout Package, Obama Transition Top Week’s News Syndicated columnist Mark Shields and New York Times columnist David Brooks assess the latest changes to the implementation of the $700 billion federal rescue plan, the Obama administration's ongoing transition process and other news of the week. Continue watching
Nov 14 Watch Global Leaders Search for Financial Reforms at G-20 Summit Hoping to rein in the global financial crisis, leaders are convening to hammer out plans to help their ailing markets and economies. Experts assess the challenges they will face in trying to reach meaningful agreements. Continue watching
Nov 14 G-20 Leadership Information By Admin, PBS News Hour The G-20, which is comprised of leaders and financial officials from industrial and developing countries plus the European Union holds talks on Nov. 15 in Washington's National Building Museum. Following is a look at the group's membership. Continue reading
Nov 14 Retail Sales Suffer Record Plunge as Consumers Hunker Down By Admin, PBS News Hour Retail sales endured a 2.8 percent drop last month -- their largest plunge on record, the Commerce Department reported Friday. Continue reading
Nov 14 What Can Our Government Actually Do to Reduce Extreme Financial Inequality? Question/Comment: What can our government actually do to reduce extreme financial inequality after the fact (assuming that such reduction is desirable)? Once extreme wealth has been created, don’t those chosen “elite” have considerably more opportunity than the rest of us… Continue reading