Sep 23 Isn’t the tumbling marketplace a result of the various regulations? Question/Comment: Hi Paul, isn’t the tumbling marketplace a result of the various regulations? Whether we had fewer regulations recently than in the past, it’s not as though this meltdown is occurring in a free market. If our property, current and… Continue reading
Sep 11 When running as intended, what cost difference does Fannie and Freddie make to the mortgage payment of the average house? By Business Desk Question/Comment: How do other nations subsidize housing (to the same end that Fannie and Freddie do in the U.S.)? When running as intended, what cost difference does Fannie and Freddie make to the mortgage payment of the average house? If… 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
Jul 08 Bernanke to Propose Stricter Mortgage Regulation By PBS News Hour Federal Reserve Chairman Ben Bernanke outlined a new set of mortgage-lending rules Tuesday, which will be aimed at shielding future homebuyers from risky lending practices and avoiding a repeat of the country's current mortgage crisis. Continue reading
Jun 17 What are the pros and cons for denominating oil worldwide in U.S. dollars? Question/Comment: What are the pros and cons for denominating oil worldwide in U.S. dollars, versus in some other currency or basket of currencies? Paul Solman: For whom? The big pro, from the US point of view, is that… Continue reading
Jun 16 Iowa Residents Wait to Return Home As Flood Waters Move On By PBS News Hour Flood fears eased in Iowa City Monday, as a string of towns in the state's south and east along the Mississippi River prepared for new problems caused by a recent bout of torrential rains and bad weather. Continue reading
Jan 23 I always hear about the Chinese keeping their currency at an artificial rate to help exports. Where would the cost of doing that show up? Question/Comment: I always hear about the Chinese keeping their currency at an artificial rate to help exports, but I know from trying to hold a lid on a boiling pot that the pressure is going to come out somewhere. If… Continue reading
May 30 Watch Former Trade Representative Nominated to Head World Bank Two weeks after Paul Wolfowitz resigned as president of the World Bank, President Bush nominated former U.S. trade representative Robert Zoellick to lead the organization. An economics professor and a journalist discuss the challenges facing the bank's next president. Continue watching
Feb 19 Watch Militant Violence Continues to Wrack Iraqi Capital Despite a concerted effort between Iraqi forces and the expanded U.S. military presence to quell attacks in Baghdad, violence has continued in the Iraqi capital. New York Times reporter Marc Santora details the weekend's car bombings and attacks on U.S. Continue watching
May 03 Louis Rukeyser, Longtime Wall Street Week Host, Dies at 73 By PBS News Hour Louis Rukeyser, for years a fixture on Friday nights as the host of the PBS series "Wall $treet Week," died Tuesday at his home in Connecticut after a battle with a rare bone marrow cancer. Continue reading