Nov 10 AIG Aid, China Bailout Boost World Markets After G-20 Conference By Admin, PBS News Hour The bailout of embattled insurance giant American International Group, Inc. got another dramatic boost Monday with the U.S. government easing the terms of its loans to the company. Continue reading
Oct 30 U.S. Economy Shrinks as Consumers Slow Spending By Admin, PBS News Hour The Commerce Department reported Thursday the economy shrank at an annual rate of 0.3 percent in the July to September period, indicating that a recession may have already begun. Continue reading
Oct 21 Pakistan Looks to Raise Billions in Foreign Loans By Admin, PBS News Hour Pakistan must raise between $10 billion to $15 billion over the next few weeks in order to keep making debt payments and pay for imports, the country's new economic affairs adviser Shaukat Tarin has said. Continue reading
Aug 22 Does the U.S. export domestic oil? If so, how much, to where and why? Question/Comment: Does the U.S. export domestic oil? If so, how much, to where and why? Paul Solman: U.S. oil exports are up to 1.6 million barrels a day, according to a recent Reuters report. That’s 9 percent of total refining… Continue reading
May 29 How does the U.S. “export” its inflation to other countries? Question/Comment: How does the U.S. “export” its inflation to other countries? And a second question: Frequently pundits say the U.S. can and does print money to achieve some economic or financial goal. However, my economics professor says the government does… Continue reading
Apr 11 Watch Rising Food Prices Felt Around the World Soaring food prices and recent jumps in the price of rice -- a critical food in the developing world -- have impacted communities and aid organizations across the globe. Independent Television News reports on the increased price of rice. Continue watching