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
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