May 06 Are Examiners Preventing Banks from Lending? Question: I am a commercial mortgage broker in California. I have had nearly every bank recently advise that their examiners are preventing them from lending. How can we get out of this mess if the examiners, in effect, prevent the… Continue reading
Apr 24 Watch In Slumping Economy, a Shift in Shopping Habits Economics correspondent Paul Solman speaks with author Paco Underhill about how consumer habits have changed during this recession. Continue watching
Apr 23 Watch Other News: Jobless Claims Rise, Bombings Strike Iraq In other news, the Labor Department reported more than 6 million Americans are now on jobless benefits and at least 78 people died in two separate suicide bombings in Iraq. Continue watching
Apr 21 Watch Other News: Markets Rise on Geithner Remarks; Suspected Pirate Appears in Court In other news, markets rose following Treasury Secretary Timothy Geithner's statement that the majority of banks are well-capitalized, a Somali teenager appeared in U.S. federal court on charges he helped hijack a U.S. ship, and President Obama left open the… Continue watching
Apr 20 Watch Other News: Oracle Buys Sun Microsystems By PBS News Hour In other news, Oracle bought the troubled Sun Microsystems company for $7.4 billion and a suicide bomber killed 3 Iraqi civilians and injured 8 U.S. soldiers in Iraq. Continue watching
Apr 17 Why Doesn’t the Yuan Trade Like Other Currencies? Question: Why don’t we let the yuan trade like other currencies? Even now, the yuan has an 20 percent or higher edge on other currencies because of the existing rules. Paul Solman: Now, now, Maya, as my dad used to… Continue reading
Apr 16 Housing Market Continues to Stumble By PBS News Hour New home starts fell more than 10 percent in March, according to new government numbers released Thursday, while foreclosures surged 24 percent in the first quarter of the year. Continue reading
Apr 14 Watch Other News: Markets Fall, Somali Pirates Renew Attacks In the day's other news, markets fell on news of poor retail sales in March, and Somali pirates attacked four more ships in the Gulf of Aden since the rescue of a U.S. sea captain Sunday. Continue watching
Apr 10 Watch Other News: Five U.S. Soldiers Killed in Iraq In other news, five U.S. soldiers died in a suicide bombing in Mosul, Iraq, and clashes between U.S. forces and the Taliban in Afghanistan left 27 insurgents dead. Continue watching
Apr 08 Watch Other News: Death Toll Rises in Italian Earthquake In other news, the death toll from Monday's earthquake in central Italy continued to rise and a bomb near a sacred Baghdad shrine killed at least seven people and wounded 20. Continue watching