Nov 06 Watch As U.S. Fiscal Woes Persist, Lawmakers Pledge More Aid The U.S. economy continued to falter as markets sank sharply Thursday for the second consecutive day. A chief investment officer and a journalist discuss congressional plans to craft a stimulus package later this month and weigh efforts by lawmakers to… Continue watching
Oct 29 Watch Fed Makes Aggressive Rate Cut in Bid to Loosen Credit Markets In a new move to stem the impact of the financial crisis, the Federal Reserve cut the federal funds rate by half a percentage point to 1 percent Wednesday. Krishna Guha, chief U.S. economics correspondent for the Financial Times, discusses… Continue watching
Oct 29 For Ninth Time in a Year, Fed Chops Key Rate Again to 1 Percent By Admin, PBS News Hour As expected, the Federal Reserve slashed a key interest rate Wednesday afternoon by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. Continue reading
Oct 16 Watch U.S. Stocks Up, But Unease Ripples Across Global Markets Although U.S. stocks surged in the final moments, stocks in Europe and Asia dropped Thursday as fears of a worldwide recession grow. Journalists and an economics analyst discuss. Continue watching
Oct 10 Watch Market Meltdown, Tone on Campaign Trail Top the Week’s News Syndicated columnist Mark Shields and National Review Senior Editor Ramesh Ponnuru discuss the presidential candidates' plans for the troubled economy and how voters are reacting as Election Day draws ever closer. Continue watching
Oct 09 If banks do not have money to lend, how can they buy up finance firms and other failing banks? Question/Comment: If banks do not have money to lend, how can Citicorp, Wells Fargo, etc. come up with billions to purchase failing banks and finance firms? Paul Solman: They aren’t forking over any cash. “Purchase” means subsume. Wachovia becomes part… Continue reading
Oct 07 Watch Risky Credit Default Swaps Linked to Financial Troubles Insurer AIG is among the financial titans to hit troubled times in the recent Wall Street crisis. Paul Solman takes an in-depth look at the woes at AIG and explains how credit default swaps played a role its financial turbulence. Continue watching
Sep 30 Watch Americans Fear Personal Investments Hit by Credit Crunch A record decline in U.S. markets Monday spread panic to average Americans worried about their investments. Finance writers Jane Bryant Quinn of Newsweek and Brett Arends of the Wall Street Journal assess how the credit crisis will impact personal finances. Continue watching
Sep 29 With the world shifting under our feet, a response to the day’s record events. Paul Solman: With the world shifting under our feet as I write (2 pm), today’s question came from the editor of The Business Desk, who asked for a response to the events of the second: Dow down 500+ (and I… Continue reading
Sep 17 Last year Lehman Brothers’ CEO made $71 million. Now his company has collapsed. How much will he make this year? Question/Comment: Last year Lehman Brothers’ CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year? Paul Solman: I don’t know about this year. You’ve covered last. Continue reading