Kamis, 12 Maret 2009

In a rarity, Bernanke to appear on "60 Minutes"

In a rarity, Bernanke to appear on "60 Minutes"

What's next -- a gig on "Dancing With the Stars?"

Federal Reserve Chairman Ben S. Bernanke will be interviewed at length on CBS’ "60 Minutes" on Sunday, an unusual forum for a central bank chief.

Bernanke "tells correspondent Scott Pelley what he thinks went wrong with America's financial system, how it caused the economic crisis, what the Federal Reserve is doing to help fix it and when he expects the crippling recession to end," CBS says.

Bernankemarch3 Doesn’t sound like a real news-breaker. Rather, Bernanke seems to be making a conscious effort to humanize himself for public consumption.

It will be interesting to see how much he tries to instill confidence in the economy -- i.e., cheerleading -- as opposed to reminding us how bad things are.

CBS says the segment "also includes an interview in Dillon, S.C., where Bernanke grew up. '60 Minutes' accompanied the Fed chairman to his home town, where he visited his old high school and talked to Pelley about how the current financial crisis is taking its toll on Main Street America."

Asked why Bernanke agreed to the interview, Fed spokeswoman Michelle Smith told the Associated Press: "Chairman Bernanke believed the invitation from `60 Minutes' presented a useful opportunity for the Federal Reserve to communicate broadly during this extraordinary economic time."

-- Tom Petruno

Photo: Ben S. Bernanke


GE stripped of AAA rating

NEW YORKGENERAL Electric Co was stripped of its AAA credit rating by Standard & Poor's, which cited the performance of GE's finance unit, but its shares rose 12.7 per cent as investors breathed a sigh of relief the cut was not deeper.

S&P said a sharp deterioration in world economies would lead to rising credit losses across GE's finance portfolio. However, S&P raised its outlook to stable from negative.
Jobless claims rise as retail sales slip
With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said today.


States refuse to pad up for revised IPL
Punching a hole in IPL commissioner Lalit Modi’s claims that government clearance for Season 2 was on track, almost all states have rejected the revised tournament schedule or sought elaborate cover from Central para-military forces for the matches.

Tidak ada komentar:

Posting Komentar