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
May 18 Watch Other News: Wall Street Rebounds; Sri Lanka Declares Victory Over Tamil Tigers In other news, Wall Street rebounded after a losing streak last week and the Sri Lankan government announced that it had defeated the rebel Tamil Tigers group after decades of conflict. Continue watching
May 05 Reader Response: Robert McElvaine on the Great Depression By Business Desk Comment: The coverage of the Great Depression by Robert McElvaine was so one sided it was unbelievable. [Editor’s note: You can watch the segment below.] Yes, the Great Depression was horrible, millions of people were out of work and… Continue reading
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 Banking Industry’s Uncertain Future Puts Investors on Edge Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector. Continue watching
Apr 14 Why Don’t We Tax the Buying and Selling of Stocks? Question: How much revenue would a 1 percent federal tax on the buying and selling of stocks produce? We have federal taxes on gasoline, so why not the selling of stocks? Surely, someone who is spending $1,000 can afford a… Continue reading
Mar 27 Watch Other News: N.D. Braces for Record Floodwaters In other news, North Dakota's Red River Valley is facing potential record flooding as the river rose to its highest levels in recorded history, and the Dow Jones industrial average gained nearly 7 percent for the week despite closing Friday… Continue watching
Mar 25 Can the Dow Fall Into Negative Numbers? By Business Desk Question: My high school daughter asked me a question I can’t answer. Can the Dow fall to zero or into negative numbers? Paul Solman: Ah, at last. A question I can definitively answer: ABSOLUTELY… Continue reading
Mar 24 Watch Other News: Wall Street Loses Some Gains In the day's other news, Wall Street lost some of its gains from the previous day's trading and the Environmental Protection Agency issued a tentative finding stating that global warming is a threat to public health. Continue watching