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Four months after a coordinated terrorist attack killed more than 170 in Mumbai, India is still plagued by outbreaks of violence despite some government efforts. NewsHour correspondent Simon Marks reports on the atmosphere ahead of the country's general election.
Question: Is it possible for a division of the bank holding toxic assets to participate in the [toxic asset] program? Paul Solman: Supposedly not, but there’s lots of buzz about how banks might in practice get around the obstacle…
Question: Please explain the trade deficit. What is it? Why is it important? Is it an indicator like taking someone’s temperature or is it a debt that has to be paid? Does it relate directly to our national debt?…
Great Depression historian Robert McElvaine found that economic downturns can lead people away from conspicuous consumption to a more community-oriented way of life.
By Admin, PBS NewsHour
From rescuing the U.S. from a deepening recession to re-examining U.S. strategy in Iraq and Afghanistan, President Barack Obama has set a busy agenda -- earning praise from some and questions from others on its ambitious scope.
Question: Can the government loan the FDIC money (which banks will pay back through the FDIC) to take over Citibank and Bank of America, et al., pay off…
By Business Desk
Question: Is the Federal Reserve “federal” as the name implies, or is it as “federal as Federal Express,” meaning a private, for-profit corporation? I’ve heard it both ways and would like the answer clarified by a hard-hitting reporter whose willing…
Question: Given our collective financial plight and our need for credit to survive, how do we get banks to be banks again (read: lend)? Can it be legislated – and if not, how can we surmount our impasse? Paul Solman:…
Fed chief Ben Bernanke called Tuesday for a regulation overhaul to prevent future financial crises and monitor "too-big-to-fail" institutions. Analysts weigh the call for reform.
Question: With all this economic turmoil and talk of trillions of dollars, my question is: What is the total wealth of the United States? If the total U.S. wealth is, say, $100,000 trillion, then spending $1 trillion to help banks…
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