Aug 07 U.S. Unemployment Rate Dips Slightly to 9.4% By Dave Gustafson For the first time since April 2008, the U.S. unemployment rate fell slightly in July, to 9.4 percent, down from 9.5 percent in June. Continue reading
Aug 06 Watch Other News: 4 Marines Killed in Afghan Explosion In other news, four U.S. Marines died in a roadside bombing in Afghanistan, and the Obama administration is considering a new plan to remove billions of dollars worth of troubled loans from the books of mortgage giants Fannie Mae and… Continue watching
Aug 04 Watch Other News: Iran Detains Three Americans; GOP Senators Line up Against Sotomayor In other news, Iranian officials confirmed they have arrested three Americans for allegedly crossing the nation's border illegally, and the full Senate moved to debate the nomination of Sonia Sotomayor to the Supreme Court. Continue watching
Aug 03 What’s the Basic Function of the Stock Market? Question: I would like to ask you two simple (some might say “simple-minded”) questions, which may be variants of a single question. No one has yet given me a clear, straightforward answer. Perhaps you can and will. 1) Why does… Continue reading
Aug 03 Watch Other News: New Prison for Gitmo Detainees Considered; Pilot’s Remains Found In other news, White House officials confirmed that the administration is weighing creating a prison inside the U.S. to both house and prosecute suspected terrorists, and a bombing carried out by the Taliban killed 11 people in western Afghanistan. Continue watching
Jul 31 Watch Recession Shows Signs of Easing Grip on U.S. Economy New economic figures hinted that the U.S. recession could be slowing down. Jeffrey Brown gets analysis from a banker and a journalist. Continue watching
Jun 12 Watch Finance Fallacy: Stocks in the Long Run Financial advice is often loaded with misconceptions and misinformation. In the latest edition of Finance Fallacy, Paul Solman and Boston University professor Zvi Bodie debunk the belief that investing in stocks is the safest, smartest route to financial security over… Continue watching
Jun 01 Watch Other News: Markets Rise, 4 Soldiers Killed in Afghanistan In other news, markets rose despite General Motors' bankruptcy filing, and four U.S. soldiers were killed in 2 separate roadside bombings west of Kabul. Continue watching
May 26 Watch Other News: California Supreme Court Upholds Gay Marriage Ban In other news, the California Supreme Court upheld the state's ban on gay marriage in a 6-1 decision, and U.S. consumer confidence soared to its highest level in May since last September. Continue watching
May 26 Is There Any Talk of Reinstating Glass-Steagall? By Business Desk Question: Is there any talk of reinstating the Glass-Steagall Act? Paul Solman: For those who can’t remember as far back as 1933, Glass-Steagall was an act of Congress passed only three months after President Roosevelt took office and… Continue reading