May 25 Global Markets Sink Over European Debt, Korea Tensions The Dow Jones fell below 10,000 in trading Tuesday afternoon, as jittery markets reacted to continued economic struggles in the Eurozone and escalating tensions between North and South Korea. Europe's debt crisis continues to worry investors, sending… Continue reading
May 20 Watch Regulators, Senate Considers Safety Net, Post-Stock Market Plunge This month's stock market "flash crash" of 1,000 points was the subject of Senate hearings, as the federal regulators proposed new rules to prevent further instability. Jeffrey Brown talks to two financial experts for more on the markets. Continue watching
May 04 Watch EU, IMF Prepare Rescue Package for Greece The European Union and the International Monetary Fund have made progress in securing a rescue package to keep Greece from defaulting on its debt, as citizens protested the stark austerity measures the government is considering. Margaret Warner reports. Continue watching
Jun 25 Watch Other News: Wall Street Rises Off Housing, Retail In other news, markets rose on Wall Street after positive news from the homebuilding and retail sectors, and billionaire banker Allen Stanford pleaded not guilty to to bilking investors out of their investments. Continue watching
May 13 Why Doesn’t the Government Set Up a New Bank to Get the Economy Moving Again? Question: I’ve been watching the difficulties the government has had propping up the banks — the lack of control, the salaries, the fact that they’re trying to fix entities with a lot of toxicity on their balance sheets. The following… Continue reading
Mar 03 Obama, Brown Praise Relations, Assess the Economic Crisis By Admin, PBS News Hour President Barack Obama and British Prime Minister Gordon Brown on Tuesday hailed the "special relationship" between their countries as the two held talks on how to solve the economic crisis reverberating around the globe. Continue reading
Jan 27 With the Economic Downturn and Wages Stagnant, What Economic Rationale Prevails for Increasing Prices? Question/Comment: In the New York Times recently, it was stated that there has been a drop in consumer prices. Here is NYC I have found that prices have risen. For example, a half gallon… Continue reading
Dec 30 Consumer Confidence Hits Record Low By Admin, PBS News Hour More gloomy news emerged on the U.S. economic front Tuesday as consumer confidence fell to a record low in December and new data showed home prices dropped by the sharpest annual rate on record in October. Continue reading
Nov 25 Have We Ever Been This Close to Socialism Before? By Business Desk Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was… Continue reading
Nov 15 G-20 Leaders Outline Joint Efforts to Avoid Future Economic Crises By PBS News Hour As the G-20 economic summit drew to a close Saturday, President Bush and the leaders of nearly two dozen countries agreed to flag risky investing and regulatory loopholes in the hopes of preventing future financial meltdowns. Continue reading