Nov 21st, 2008 · Christopher Dodd, chairman of the Senate Banking Committee, says he's frustrated with how banks are using funds provided by the government. He also thinks the Treasury Department has been too slow in addressing the mortgage crisis. Dodd tells Steve Inskeep that Congress may have to reconsider some parts of the rescue plan it approved.
Nov 21st, 2008 · One of the buzzwords at the Los Angeles Auto Show is "electrification." It's a future where cars run solely on battery power. Paul Eisenstein of The Detroit Bureau, an independent auto news service, says that future is still a ways off. He tells Steve Inskeep that for electric cars to succeed, they'll need a battery that lasts for more than 100 miles before a recharge.
Nov 21st, 2008 · Steve Inskeep has the Last Word in business.
Nov 20th, 2008 · The economic news just keeps getting worse. The stock market is at its lowest level in more than five years. The number of homes being built continues its downward spiral. Retailers are predicting a miserable holiday season. David Wessel, economics editor at The Wall Street Journal, talks with Steve Inskeep about whether the bottom is anywhere in sight.
Nov 20th, 2008 · Steve Inskeep has business news.
Nov 20th, 2008 · As companies try to survive the rough economy, they are cutting costs. The person in charge of deciding where and how deep to cut, is often the chief financial officer. CFO Magazine recently interviewed more than 300 CFOs, and nearly half said they plan to layoff workers. Kate O'Sullivan, a writer with the magazine, tells Steve Inskeep that companies are also looking at hiring freezes and reductions in overtime.
Nov 20th, 2008 · Steve Inskeep has the Last Word in business.
Nov 19th, 2008 · India's navy says one of its warships patrolling the Gulf of Aden battled Somali pirates and destroyed one of their so-called motherships — a supply vessel that helps the pirates operate in open water. The attack occurred Tuesday, the same day Somali pirates hijacked two more ships. Nikolas Gvosdev, teaches national security studies at the U.S. Naval War College, he tells Steve Inskeep what can be done to protect one of the world's busiest shipping lanes.