Sep 14 A Year After Lehman: Lessons Learned Editor’s note: All this week on the Business Desk, we’ll be featuring contributions from economists, financial journalists, and other experts on the origins and impact of the financial crisis. Today, nearly a year after the collapse of Lehman Brothers… Continue reading
Sep 14 Obama Urges Sweeping Overhaul of Financial Regulation By Carolyn O'Hara A year after the collapse of Lehman Brothers set off one of the toughest weeks in Wall Street's history, President Barack Obama delivered a speech Monday outlining "the most ambitious overhaul of the financial system since the Great Depression."… Continue reading
Sep 04 Watch Jobless Rate Hits 26-Year High, but Hints of Recovery Remain Unemployment jumped to 9.7 percent in August, but new data shows job cuts have slowed. Ray Suarez speaks with a financial expert about the labor market and economic recovery. Continue watching
Aug 25 Simon Johnson on Bank Bonuses and ‘Too Big to Fail’ By Business Desk Editor’s note: The clip today in our continuing series of video conversations with economist Simon Johnson, author of the popular Baseline Scenario blog, which Paul Krugman calls a “must read,” concerns whether bank bonuses are deserved and whether… Continue reading
Aug 21 Bernanke: U.S. Economy Poised for Recovery By Carolyn O'Hara Federal Reserve Chairman Ben Bernanke offered an optimistic assessment of the U.S. economy's chances for recovery Friday in a much-anticipated speech to fellow central bankers and top economists. Continue reading
Aug 17 Wessel Answers Questions on the Changing Fed By Carolyn O'Hara A year after Wall Street went into a tailspin, the Fed continues to take unprecedented steps to revive the economy. David Wessel has penned a book about Ben Bernanke and the changing role of the Fed. He answered questions in… Continue reading
Aug 14 Watch U.S. Consumers Still Worried About Economy A new survey shows that despite positive economic forecasts, Americans are still concerned about scarce jobs and falling income. Continue watching
Aug 13 Home Foreclosures Set Third Record in Five Months By Online DA Foreclosure filings in the United States jumped in July, again setting a record for the third time in five months. The increase was due to falling home prices and the recession, which kept some homeowners from making payments or refinancing. Continue reading
Aug 07 Is the “Perfect Storm” Metaphor Appropriate for the Economic Crisis? “The metaphor of the perfect storm is inapt. The captain’s action does not influence the height of the waves. Fed Chairman Bernanke, in contrast, participated in making and implementing interventions that worsened the financial crisis last year.” – from… Continue reading
Jul 28 Tales From the Fed: Blinder on the Fallout from Lehman’s Failure By Business Desk Paul Solman: All this week, we’re posting excerpts of interviews we did with former Fed officials on the economic crisis and the Fed’s evolving role in the economy. The series is in conjunction with the NewsHour’s hour-long public forum… Continue reading