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
Nov 13 Can You Address the Consequences of Selecting a Treasury Secretary? Question/Comment: Can you address the consequences of selecting a Treasury Secretary? What are the salient policy and personality differences between the different candidates? Are there other notable candidates not on the short list that should be? Paul Solman: By candidates… Continue reading
Nov 12 Watch Economic Slump Hits Residents of ‘The Last Best Place’ Twenty years ago, Montana offered sprawling landscapes and inexpensive living, but the economic meltdown is changing life in "the last best place." Guest essayist Scott McMillion of the Montana Quarterly reflects on the changes, including job losses, poverty and tight… Continue watching