Nov 14 Retail Sales Suffer Record Plunge as Consumers Hunker Down By Admin, PBS News Hour Retail sales endured a 2.8 percent drop last month -- their largest plunge on record, the Commerce Department reported Friday. Continue reading
Nov 11 Global, U.S. Markets Struggle as Worries Persist for Automakers By Admin, PBS News Hour Global financial troubles worsened Tuesday as stocks fell in many markets and analysts grew more concerned that the worldwide economic downturn is deepening. Continue reading
Nov 03 Watch Across the World, Woes of Collapsed Bank Spread to Borrowers A European bank that lent millions to borrowers around the world, including a Wisconsin school district, needs a massive bailout, which has triggered financial woes among its clients. Charles Duhigg of the New York Times and Adam Davidson of NPR… Continue watching
Oct 22 Watch New AIG CEO Discusses Company Spending, Troubles Government-appointed AIG CEO Edward Liddy discusses how the financial sector shake-up led to insurer AIG's problems and what measures he intends to take in order to return to successful business strategy. Continue watching
Oct 20 Watch Fed Chairman Signals Support for New Stimulus Package Wall Street saw a boost Monday as Fed Chairman Ben Bernanke told Congress that a second stimulus bill might help the economy. Experts examine the prospects for a new stimulus plan. Continue watching
Oct 17 President Bush Stands by Government Action; Housing Starts Fall in September By Admin, PBS News Hour President Bush sought to reassure Americans that moves taken by the federal government would be bold enough to ease the financial crisis even as new reports showed further declines in the housing market. Continue reading
Oct 15 European Leaders Call for Summit to Overal Global Financial System By Admin, PBS News Hour As the world's industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system. Continue reading
Oct 15 Watch After Brief Euphoria in Markets, Investors Sell Amid Weak Sales, Rising Prices Following a brief upswing in world markets this week, investors and analysts see growing signs of a global recession in weak earnings and troubling manufacturing figures. Economists discuss the ongoing problems and the forces driving them. Continue watching
Oct 13 Watch U.S. Economist Krugman Wins Nobel Prize in Economics The last of six 2008 Nobel Prizes was awarded Monday to Princeton University professor and New York Times columnist Paul Krugman for his research on free trade and globalization. Krugman discusses his research and theories with Jim Lehrer. Continue watching
Oct 10 Watch Global Stock Sell-Off Stirs New Fears of Recession One year after the Down Jones industrial average peaked above 14,000 points, it closed Friday below 8,500 amid a global financial slump. Economic analysts and reporters give insight on the latest Wall Street woes. Continue watching