Jan 14 Watch Geithner Hearing Delayed Amid Tax Controversy The Senate finance committee postponed Treasury Secretary nominee Timothy Geithner's confirmation hearing until next week after reports emerged of problems with Geithner's federal tax return payments. A Wall Street Journal reporter details the latest. Continue watching
Jan 05 Watch Congress Asks Regulators for Answers in Madoff Scandal Congress questioned federal regulators during a hearing Monday about why so many warning signs surrounding the business dealings of Wall Street investor Bernard Madoff went unnoticed. New York Times reporter Alex Berenson details the latest developments. Continue watching
Jan 01 Watch Journalists Look Back on Tumultuous Financial Year The economy experienced an extraordinary year of volatility in 2008 with the collapse of major financial firms and huge market losses. Financial writers discuss the year's significance and the road ahead in 2009. Continue watching
Dec 26 Watch Nobel Laureates Trace How the Economy Began to Fall Apart The subprime mortgage meltdown and subsequent downward spiral caught some officials and the public off guard. Yet there were some clear indicators of the impending crisis. Paul Solman speaks to two Nobel award-winning economists about how the economy began to… Continue watching
Dec 23 Sagging Home Sales, GDP Highlight Dour Economic Reports By PBS News Hour Despite an uptick in consumer confidence in December due to declining prices, most of Tuesday's economic news was gloomy, led by a shrinking economy and falling corporate profits and home sales. Continue reading
Dec 22 Watch Infrastructure Spending May be Key to Boosting Economy Some economists believe increasing government spending on infrastructure is the only way out of the nation's economic crisis. Paul Solman reports on how infrastructure spending may be a crucial way to resuscitate the economy. Continue watching
Dec 18 Watch Automakers Idle Plants While Awaiting Federal Action Faced with historically slow sales, the big three auto companies have made more cost-cutting moves, including temporarily shuttering plants, in an attempt to stay afloat while the government debates an auto industry aid package. A reporter in Detroit provides an… Continue watching
Dec 17 Is the Bernard Madoff Financial Fiasco Tied to the Global Economic Meltdown? By Business Desk Question/Comment: How is the Bernard Madoff financial fiasco tied to the global economic meltdown? Is it just a timely coincidence? The thought of a connection somehow seems important. Paul Solman: Let’s see if I can resist the urge to make… Continue reading
Dec 17 SEC Chief Rebukes Own Agency in Madoff Case By Admin, PBS News Hour The Securities and Exchange Commission issued an unusual rebuke of its own regulators Tuesday night over its failure to investigate Wall Street money manager Bernard Madoff, now accused of widespread fraud that bilked investors of billions. Continue reading
Dec 16 Watch Madoff’s Wall Street Schemes Snare Several Prominent Investors The size of the scandal surrounding Wall Street trader Bernard Madoff's alleged fraud continues to unravel, drawing in charities, foundations and top investors. Mort Zuckerman, the head of a charitable trust caught up in the schemes, and an SEC analyst… Continue watching