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News stories tagged with "economic-crisis"

John Bogle
John Bogle

A Fresh Start for Wall Street: "Wall Street owes Main Street an apology"

We've been hearing a lot about President-elect Barack Obama's economic team. They face some huge hurdles this winter, as they work to steady America's wobbly economy. As part of our series, A Fresh Start, we checked in with John Bogle, who spends much of each year in Lake Placid. In the 1970s, Bogle launched the Vanguard Group of investment funds. In recent years, he's emerged as one of the country's leading investment ethicists, authoring books that include The Battle for the Soul of Capitalism. Bogle told Brian Mann that Obama's first challenge will be speaking honestly with the American people and restoring consumer confidence.  Go to full article

Governor proposes closing school near Plattsburgh, cutting 24 jobs

Governor David Paterson says deep budget cuts are needed as New York state faces the most serious fiscal crisis since the Great Depression. His proposal will slash at least 24 jobs in Schuyler Falls, near Plattsburgh. As Brian Mann reports, the Governor wants to close a special-needs school run by the state Office of Children and Family Services.  Go to full article

On Saranac Lake's Main Street, fear and anger

On a day when Wall Street was in free fall and politicians were debating bailout plans in Albany and Washington, Brian Mann headed to Main Street in Saranac Lake. He wanted to find out how real business-people are reacting to the financial crisis. He sent this audio postcard.  Go to full article

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