Jul 27 Tales From the Fed: Rivlin on the Perfect Storm By Business Desk Paul Solman: In preparation for our NewsHour event with Ben Bernanke in Kansas City last night, we interviewed a variety of former Fed officials to discuss the past, present, and future of the central bank. Two especially intriguing interviewees… Continue reading
Jul 23 Watch Other News: Dow Closes Over the 9,000 Mark In other news, better-than-expected earnings from several companies, combined with strong housing figures pushed the Dow Jones Industrial Average above 9,000 for the first time since January, and three mayors in New Jersey were arrested on corruption charges. Continue watching
Jul 22 Watch Bernanke Signals Slow Recovery, Defends Fed’s Powers Fed chief Ben Bernanke told a Senate panel on Wednesday that economic recovery should begin soon, albeit slowly at first. A financial analyst and a lawmaker speak with Ray Suarez about the testimony. Continue watching
Jul 22 Are Geithner and Summers Too Close to Wall Street? By Business Desk Question: Are Timothy Geithner and Larry Summers too close to the players that produced this economic crisis — so close that they will not have the vision, values, or mindset that will allow them to take the difficult steps that… Continue reading
Jul 17 Bank of America, Citigroup Report Strong Profits By PBS News Hour Two ailing banks that just a few months ago symbolized many of the troubles afflicting the American banking system posted strong second-quarter profits Friday, exceeding analysts' expectations. Continue reading
Jul 16 Watch Other News: Markets Advance, Auto Dealers Gain Congressional Support In other news, Wall Street advanced on tech stocks, and House members introduced a proposal that would force GM and Chrylser to restore franchise agreements with auto dealers. Continue watching
Jul 13 Simon Johnson on Whether Wall Street Has Changed By Business Desk Paul Solman: MIT’s Simon Johnson, former chief economist at the IMF, is a frequent contributor to the NewsHour and this page. He’s also coauthor of a blog… Continue reading
Jun 30 Watch Other News: Markets Slip on Consumer Confidence Data In other news, U.S. stocks fell after an unexpected decline in consumer confidence, and the F.D.A. may seek to ban certain common painkillers. Continue watching
Jun 29 Watch Madoff Sentenced to 150 Years in Prison for Ponzi Scheme Disgraced financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to defrauding investors out of as much as $60 billion. Ray Suarez talks to New York Times reporter Diana Henriques about the day… Continue watching
Jun 29 Madoff Sentenced to 150 Years in Prison By Admin, PBS News Hour Financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to bilking investors out of as much as $65 billion over two decades. Continue reading