Jan 16 Bank of America Posts Big Losses, Citigroup Splits in Two By PBS News Hour Bank of America posted its first quarterly loss in 17 years and received a boost from the government while Citigroup reported a fourth-quarter loss of $8.29 billion and decided to split up its businesses in a new round of gloomy… Continue reading
Jan 09 Watch Economists Explain Why Hints of the Economic Crisis Eluded Them Some of the nation's brightest economists failed to predict the foreclosure crisis and economic recession that followed. Paul Solman asks them why no one connected the dots in time to warn the public. Continue watching
Jan 05 What is the Economic Impact of Military Spending? Question/Comment: I would like to know the impact of military spending on our economy. It seems like it’s a pretty hefty percentage of the annual budget, almost equal to that spent on Social Security; more than is spent on Medicare. Continue reading
Dec 12 Watch Prominent Trader Charged With Multi-billion-dollar Fraud A prominent Wall Street trader was arrested on charges of massive fraud that may cost investors $50 billion. Wall Street Journal reporter Tom Lauricella discusses what may be the largest fraud scheme in the history of Wall Street. Continue watching
Dec 08 Markets See Early Lift on Infrastructure, Auto Bailout Plans By Admin, PBS News Hour U.S. stocks enjoyed an upbeat opening Monday as investors reacted to President-elect Barack Obama's plan to launch an infrastructure spending package to boost job growth and news that a deal on bailing out Detroit's Big Three automakers may be near. Continue reading
Nov 21 Watch Jittery Markets, Weak Data Cap Grim Week on Wall Street After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. Continue watching
Nov 20 Watch Worsening Economic Crisis Stops Short of Depression Nobel laureate and economist Robert Solow offers his thoughts on the severity of current economic turmoil and the chances of the situation leading to another Great Depression in a conversation with Paul Solman. Continue watching
Nov 20 Watch Stock Market Swings Fuel Rethinking of Retirement Plans U.S. stocks plunged again Thursday to five-year lows, fueling new concerns of retirement savings and 401(k) plans. Economic analysts mull the risks of stock market investment and challenges to saving for retirement. Continue watching
Oct 31 Watch Stocks Remain Volatile After Worst Month in Decades Wall Street has endured its worst month in 21 years yet its best week in 34 years. The markets continue to remain unsettled on news of consumer spending cutbacks and investors' fears. The Wall Street Journal's economics editor analyzes the… Continue watching
Oct 30 Watch Lessons of Great Depression Apply to Current Meltdown The stock market crash of 1929 offers parallels to the spiraling financial crisis of the 21st century, giving insight to measures that can help correct the collapse. Paul Solman talks to two authors on the Great Depression who assess the… Continue watching