Oct 28 Dow Jumps Nearly 900 Points Despite Report of Low Consumer Confidence By PBS News Hour Investors looking for a bargain in devalued stocks helped the Dow Jones industrials soar nearly 900 points, the second-biggest one-day point gain ever, on Tuesday. Continue reading
Oct 27 Now that governments have to inject billions into world banks, do you think monetary policy should be adjusted to better maintain a balance between currency in circulation and bank funds? Question/Comment: The ratio between commercial bank money and currency in circulation has been widening for decades. While the Federal Reserve’s monetary policy has protected our economy from runaway inflation, it may have been starving the market for currency. Now that… Continue reading
Oct 24 Watch Multiple Economic Factors Driving Fears of Global Recession U.S. and global markets endured another tough day Friday as fears intensified of a global recession. Financial experts examine the factors driving the recession speculation and possible solutions to the crisis. Continue watching
Oct 23 Watch Greenspan Admits 'Flaw' to Congress, Predicts More Economic Problems Former Fed Chair Alan Greenspan told Congress Thursday the economic crisis unveiled "a flaw" in his view of world markets. Economic analysts discuss his testimony and legacy. Continue watching
Oct 23 Greenspan Calls Financial Crisis a 'Credit Tsunami' By PBS News Hour In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come. Continue reading
Oct 22 Foreclosure Rates for 3rd Quarter Up 70% From Last Year By Admin, PBS News Hour New data released Thursday show the number of homeowners caught in the foreclosure crisis grew by more than 70 percent in the third quarter compared with the same period last year. Continue reading
Oct 21 Fed to Provide Up to $540 Billion to Money Market Funds By Admin, PBS News Hour The Federal Reserve took new steps Tuesday to loosen struggling credit markets, authorizing a new plan to inject liquidity into money markets as the government continued to search for ways to ease a global financial crisis. Continue reading
Oct 14 Watch Independent Candidate Ralph Nader Discusses Bid for Presidency Presidential candidate Ralph Nader speaks with the NewsHour's Ray Suarez about his latest bid for the White House and discusses his platform on the critical issues facing the country this election year. Continue watching
Oct 14 Watch President Bush Unveils New Plan to Stabilize Banks The Bush administration unveiled a plan Tuesday to stabilize the teetering U.S. banking system with as much as $250 billion of the financial sector rescue fund. Three economic experts discuss the impact of the plan. Continue watching
Oct 08 Watch Mounting Economic Anxieties Ripple Across the Globe Central banks around the world cut interest rates Wednesday in a joint effort to ease credit and spur growth, but a weak market response signaled the move failed to abet fears. Continue watching