Posts filed under “Video”

Bernanke Urges Action to Avert Further Foreclosures

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Ben_berananke_56


Bernanke Urges Action to Avert Further Foreclosures

Federal Reserve Chairman Ben S.
Bernanke
, seeking to end the worst housing slump in 25 years,
urged the government and mortgage lenders to intensify their
efforts to avoid home foreclosures.    
      

Bernanke, in a speech in New York today, also reiterated his
call for lenders to forgive portions of mortgages for some
struggling homeowners. He said proposals should be “tightly
targeted” at borrowers at greatest risk of losing their
properties, and avoid providing an incentive for defaults.    

The Fed chief also backed the idea of having the Federal
Housing Administration refinance troubled mortgages, a concept
included in Democratic legislation in Congress, without
explicitly endorsing the bill. His remarks indicate a gap with
the Bush administration, which has preferred to rely on industry-
led efforts.    

"Realistic public- and private-sector policies must take
into account the fact that traditional foreclosure-avoidance
strategies may not always work well in the current environment,”
Bernanke said in remarks to a Columbia Business School dinner.    

Source:
Bernanke Urges Action to Avert Further Foreclosures
Scott Lanman and Alison Vekshin
Bloomberg, May 5  2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8EpYTgVyvcQ

Category: Economy, Real Estate, Video

Feldstein: U.S. ‘Sliding’ Into Recession

Great piece by Martin Feldstein in the FT: Misleading growth statistics give false comfort 

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Bloomberg:

"Harvard University economist Martin Feldstein, a member of the committee that charts the American business cycle, said the U.S. economy is “sliding into a recession.”

"This is a weakening economy,” Feldstein, president of the National Bureau of Economic Research, said in a Bloomberg Television interview in New York. “If you compare where the economy is now, with where it began at the beginning of the year, just about every indicator is down.”

The comments by Feldstein, a Republican, go farther than anyone in the Bush administration has gone in publicly characterizing the severity of the U.S. slowdown. Treasury Secretary Henry Paulson in an interview last week said the economy is “still growing, albeit modestly.”

Sources:

Misleading growth statistics give false comfort   
Martin Feldstein
FT, May 7 2008 18:54
http://www.ft.com/cms/s/0/4ae9ee60-1c36-11dd-8bfc-000077b07658.html

Feldstein Says U.S. Economy `Sliding’ Into Recession
Anthony Massucci and Kathleen Hays
Bloomberg, May 6 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLkqZ.fSIOdY&

Category: Data Analysis, Economy, Video

Roach Sees Negative Growth in U.S. for Q2

– Stephen Roach, chairman of Morgan Stanley’s Asia division, talks with Bloomberg’s Deirdre Bolton about today’s report on U.S. economic growth, the implications of a weaker U.S. dollar and the outlook for economies in Asia and a recovery in the U.S. The Commerce Department said the U.S. economy expanded at a 0.6 percent annual pace in the first quarter, reflecting an increase in inventories as consumers retrenched and companies cut investment. (Source: Bloomberg)

Roach_bloomberg

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Source:
Roach Sees Negative Growth in U.S. for Second Quarter
Shobhana Chandra
Bloomberg, April 30 2008
http://tinyurl.com/4s7vjn

Category: Economy, Video

Accelerating Housing Declines

S&P guest on this Marketwatch video does not mince words:

Category: Real Estate, Video

BMO’s Don Coxe on Food Prices and Shortages

BMO Financial Group global portfolio strategist Don Coxe discusses Food prices, shortages, and the appropriate investment strategy in the face of the recent food crisis:

click for video
Don_coxe

courtesy of BNN

Source:
Market Morning
Global Portfolio Strategy [04-30-08 10:10 AM]
BNN, April 30, 2008
http://watch.bnn.ca/#clip49664

Category: Commodities, Inflation, Television, Video

‘Like Watching Dinosaurs Mate’

As we await what is happening with Microsoft and Yahoo, Aaron Task and I discussed the bigger picture as to what happens next on the internet.

This was all pretty off the cuff stuff (in case you cannot tell) but its how I really feel about the players involved:

That headline was actually spontaneous (I can turn a phrase, huh?)

Ok, feel free to write what a MSFT basher I am (no arguments from me)

Category: Digital Media, Video, Web/Tech, Weblogs

Becker, Phelps, Scholes & Spence on Decoupling

Nobel laureates in economics Gary Becker of the University of Chicago, Edmund Phelps of Columbia University, Myron Scholes of Stanford University, and Michael Spence, former dean of the Stanford University Business School, participate in a panel discussion at the Milken Institute Global Conference in Los Angeles about the theory of "decoupling" and outlook for the U.S. and global economies.

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Global_conf

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Source:
Becker, Phelps Are Optimistic on U.S. Economic Outlook
Bloomberg, April 29 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXOHNasDoVqw

Category: Economy, Video

Business Video

You may have noticed that I run a bit of video a few days a week on the site, usually overnight.

As part of the redesign, I am setting up a tab for Video (hence, the slow loading video won’t impact the main page). As such, I have been compiling a list of Business-related Video for the update, and this is what I came up with. 

(Have I missed anything significant?)

Video Reports:

Financial Times (FT)
http://www.ft.com/multimedia

Bloomberg
http://www.bloomberg.com/news/av/

WSJ
http://online.wsj.com/video

Economist
http://audiovideo.economist.com/

CNBC
http://www.cnbc.com/?id=15839263&tabid=15839798&tabheader=false&t=0.9244770663790405

Business of Innovation
http://innovation.cnbc.com/en

Forbes
http://www.forbes.com/video/

The Street.com
http://www.thestreet.com/video/index.html

Barron’s
http://online.barrons.com/public/main?mod=DNH_WSJ#

Marketwatch
http://www.marketwatch.com/tvradio/bcPlayer.asp

Yahoo Finance Tech Ticker TV
http://finance.yahoo.com/tech-ticker

CNN Money
http://money.cnn.com/video/

New York Times
http://video.on.nytimes.com/index.jsp

BBC tv
http://news.bbc.co.uk/2/hi/video_and_audio/default.stm

Fox Business
http://www.foxbusiness.com/

PBS
http://www.pbs.org/nbr/info/video.html

60 Minutes
http://www.cbsnews.com/sections/60minutes/main3415.shtml

CNET Video
http://www.cnettv.com/

Wallstrip
http://www.wallstrip.com/

Category: Television, Video

KBH: Home Prices May Drop Another 20%

“I don’t think we’re anywhere near a bottom in housing”

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Broad

courtesy of Bloomberg

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Excerpt:

Eli Broad, a philanthropist and co- founder of KB Home, the fifth-largest U.S. homebuilder by revenue, said he expects home prices to drop another 20 percent.

"I don’t think we’re anywhere near a bottom in housing,” Broad told Bloomberg TV at the Milken Institute Conference in Beverly Hills, California. "We’re going to have a big inventory of unsold, unoccupied homes that’s going to take three or four years to clear out.”

Homebuilders, hurt by banks’ stricter requirements for granting home loans and concern over the rising number of homeowners failing to pay their mortgages, have begun work on the fewest number of houses since 1991, according to the U.S. Department of Commerce."

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Source:
KB Home’s Broad Says Home Prices May Drop Another 20%
Rhonda Schaffler and Bob Ivry
Bloomberg, April 28 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNGtHO1tbzng

Category: Real Estate, Video

Rhodes of Citigroup Says Credit Crisis `Half Way’ Over

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Rhodes_vice_chairman_of_citigroup

William Rhodes, vice chairman of Citigroup about the outlook for the U.S. economy and financial markets, trade policy and his expectations for China’s growth.

Source:
Rhodes of Citigroup Says Credit Crisis `Half Way’ Over
Kathleen Hays
Bloomberg April 25 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avGIXeWKBadQ

Category: Credit, Derivatives, Video