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By PBS NewsHour
Economics correspondent Paul Solman takes his Business Desk blog inside classrooms across the United States to respond to high school students' most pressing questions about Wall Street, the recession and unemployment.
Question: Why is the price of gold at a record high? And how does that affect the dollar? Paul Solman: Gold is denominated in dollars. So if gold goes up, it means the dollar has gone down, because it takes…
The cost of employer-sponsored health care insurance has risen by about 5 percent this year, according to a new report, outstripping overall inflation and workers' wages.
Question: With the FDIC’s funds diminishing, what are the chances it will tap its credit line to the Treasury? And what does that mean for inflation? Paul Solman: The more the…
As the nation looks for more signs of economic recovery, there were mixed signals on Friday as reports showed consumer spending rose slightly last month thanks in part to an increase in auto sales but incomes remained flat.
Ending speculation that he might appoint a new central bank chief, President Obama said he would nominate Fed Chairman Ben Bernanke for a second term Tuesday as the administration continues its efforts to stabilize the embattled U.S. economy.
Paul Solman: There’s more to add to our earlier correction to Friday’s segment: We have heard from Social Security and it is indeed the case that benefits do NOT go…
Paul Solman: On Friday night’s program, in a story on inflation (you can see the clip below), I reported the following: “The traditional measure of inflation, the Consumer Price Index, is DOWN over the…
By Business Desk
Editor’s Note: This week, we’re featuring video conversations with Simon Johnson, former chief economist at the IMF, now at the Peterson Institute and MIT, and author of…
With the economy showing hints of a recovery, the threat of inflation is testing policy makers at the Federal Reserve as they work to determine how quickly to unwind emergency moves taken during the height of the financial crisis. Paul…
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