Oct 05 Watch China’s Economic Slowdown Felt By Its Young Generation China's Economic Slowdown Felt By Its Young Generation… Continue watching
Jun 21 Watch JPMorgan to Pay $153 Million to Settle SEC Fraud Charges The Securities and Exchange Commission announced Tuesday that JPMorgan Chase agreed to pay $153 million to settle charges of misleading investors in the housing market. Judy Woodruff discusses the settlement and back story with Pulitzer Prize-winning reporter Jesse Eisinger of… Continue watching
Jul 28 U.S. Home Prices Rise Slightly, Consumer Confidence Drops Again By Carolyn O'Hara A key measure of the housing market shows that U.S. home prices rose slightly in May, posting the first monthly increase since the summer of 2006. Meanwhile, consumer confidence continued to decline, according to another closely watched measurement. Continue reading
Aug 26 Home Prices Dip, but Market Signals Improvement By Admin, PBS News Hour While the U.S. housing market continues to suffer from a slide, new statistics released Tuesday show some evidence that the situation is improving as reluctant buyers return to the market to snatch up bargains. Continue reading
Jul 29 Home Prices Slid 15.8% in May, Survey Finds By Admin, PBS News Hour Home prices slid by a steep 15.8 percent in 20 U.S. cities in May, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday, offering the latest evidence of continuing struggles in the nation's housing market. Continue reading
Mar 04 Do you think that overproduction or declining profit rates have contributed to the present subprime loan crisis? Question/Comment: Karl Marx, in his work “Capital,” alluded to the idea that overproduction contributed to a general historical tendency of capitalism to be undermined by declining returns on capital. Do you think that overproduction or declining profit rates have contributed… Continue reading
Feb 28 Watch Congress Divided on Economic Relief, Housing Measures President Bush played down the possibility of recession Thursday, while Fed Chairman Ben Bernanke explained to Congress the difficulties of balancing rising inflation with a slowing economy. Two senators debate proposals to aid the economy, including a supplemental stimulus package… Continue watching
Jan 17 Watch Amid Economic Woes, Push Intensifies for Stimulus Package President Bush spoke with congressional leaders Thursday about an economic rescue package as Fed chief Ben Bernanke testified on Capitol Hill that it is "critically important" that a stimulus effort take effect quickly. Members of the House budget panel detail… Continue watching
Jan 04 President Weighs Economic Options As Unemployment Tops 2 Year High By Admin, PBS News Hour President Bush met with economic advisers Friday to consider possible stimulus packages, as the Labor Department announced that low hiring in December pushed the U.S. unemployment rate to 5 percent, a two-year high. Continue reading
Dec 06 Watch Economic Experts Weigh Bush’s Mortgage Rate Freeze Plan, Housing Crisis President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon that he hopes would slow the rate of home foreclosures. Economic analysts assess the value of the proposal… Continue watching