Feb 20 In Case You Missed It: The Upside of the Downturn On Friday’s NewsHour, Paul Solman examined how some are finding the bright side of the economic downturn. You can listen to the audio or read the transcript of the segment here. ]>… Continue reading
Feb 12 How Do We Rebuild the Middle Class? Editor’s Note: Paul recently answered “Five Good Questions” on the economy for the PBS Engage blog. You will also be able to find those answers here on the Business Desk all week. Question/Comment:… Continue reading
Feb 12 What is the Worst Case Scenario if the Consumer Becomes a Saver? Question/Comment: What is the worst case scenario if the consumer becomes a saver? Or if nations, including United States, raise trade barriers? Or if the financial bailout fails? Paul Solman: Hmmm. Well, the first is happening as we speak:… Continue reading
Feb 11 Will Any Plan That Puts People Back to Work Actually Stimulate the Economy? Question/Comment: Everyone seems to have an opinion on what will stimulate the economy and what won’t. Won’t anything that puts people to work stimulate the economy, and are there entities, and their analyses, that can project stimulatory effects of different… Continue reading
Feb 06 Senate Closes In on Deal for Stimulus Plan By Admin, PBS News Hour The Democratic-led U.S. Senate appeared to strike a deal Friday evening with key Republicans on a long-debated stimulus package to stem a deepening recession, news agencies report. Continue reading
Feb 06 Employers Slash 598,000 Jobs in January By Admin, PBS News Hour U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession. Continue reading
Feb 04 Obama’s Remarks on Executive Compensation By PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president's prepared remarks:… Continue reading
Jan 27 Obama to Push Stimulus Plan with GOP Lawmakers By Admin, PBS News Hour President Obama is making his first trip to Capitol Hill since his inauguration to push for broad bipartisan support of his $825 billion economic stimulus plan. Continue reading
Jan 26 U.S. Companies Slash More Than 45,000 Jobs By Admin, PBS News Hour More than 45,000 job cuts were announced by major U.S. companies Monday, part of a wave of global job cuts in response to dismal 2008 financial results. Continue reading
Jan 22 Microsoft Cuts 5,000 Jobs As New Unemployment Claims Rise By Admin, PBS News Hour In another sign of how bad the economy is getting for even the biggest companies, Microsoft Corp. announced Thursday that it is cutting 5,000 jobs over the next 18 months. Continue reading