Sep 18 How deeply has the home foreclosure problem affected retirees? Question/Comment: How deeply has the home foreclosure problem affected retirees? Paul Solman: Wasilla? THE Wasilla? (Indeed, there IS a Marian Elliott in Wasilla, according to Zaba Search, so I suppose so.) Welcome. Small town;… Continue reading
Jul 22 Wachovia Posts Surprising $8.9 Billion Loss By Admin, PBS News Hour Banking giant Wachovia Corp. reported a nearly $9 billion second-quarter loss Tuesday, surprising Wall Street analysts who had expected a smaller drop. The company plans to cut 6,350 jobs and slash dividends to offset the losses. Continue reading
Jun 24 Home Prices, Consumer Confidence Take Tumbles By PBS News Hour U.S. home prices extended their record slide in April, with every top metropolitan area now posting annual losses and many showing double-digit declines, according to the Standard & Poor's/Case-Shiller home price index report released Tuesday. Continue reading
Mar 26 Watch Paulson Urges Oversight in Wake of Bear Stearns Bailout Treasury Secretary Henry Paulson said Wednesday that investment banks may require the same government oversight that commercial banks face if they will borrow federal money. Economic analysts weigh the pros and cons of increased federal regulation. Continue watching
Feb 28 Watch Candidates Talk Policy to Texas, Ohio Voters Sens. Barack Obama, D-Ill., Hillary Clinton, D-N.Y., and John McCain, R-Ariz., made appeals Thursday to Texas and Ohio voters before their March 4 primary contests. Talk on the stump focused on health care, economy and Iraq war policy. Kwame Holman… Continue watching
Feb 12 Watch Billionaire Buffett Offers to Help Insure Municipal Bonds Billionaire investor Warren Buffett announced Tuesday that he would help shore up three insurance bond firms by offering additional insurance on up to $800 billion in municipal bonds. The Wall Street Journal's David Wessel explains how bond insurers impact Wall… Continue watching
Feb 12 Watch Lenders Sign-on for Plan to Help Prevent Home Foreclosures The Bush Administration and six of the nation's largest banks agreed on a plan Tuesday that would delay some home foreclosures by 30 days, allowing lenders to negotiate more affordable terms. Treasury Secretary Henry Paulson discusses the details of the… Continue watching
Feb 08 Bush Set to Sign $168B Economic Stimulus Bill By PBS News Hour President Bush said Friday he would sign the $168 billion economic stimulus bill that was passed Thursday by both houses of Congress in a bipartisan effort intended to ward off a possible recession. Continue reading
Jan 30 Watch Fed Cuts Key Interest Rate Again in Bid to Avert Economic Anxieties The Federal Reserve lowered its benchmark interest rate by half a point Wednesday -- the second rate reduction in eight days in a bid to help ease pressure on jittery financial markets. Wall Street Journal economics editor David Wessel examines… Continue watching
Jan 24 Watch Stimulus Plan Focuses on Rebate Checks, Incentives Congressional leaders and the White House reached an agreement Thursday for an economic stimulus package that would include rebate checks for millions of taxpayers and incentives for businesses to invest in new capital. A panel of economic experts examines how… Continue watching