Politically. Next, on pbs news hour weekend. Pbs news hours weekend is made possible by, louis b. And louise hersh feld. The cheryl and Phillip Milstein family. Roslyn p. Walter. Corporate funding is provided by mutual of america, designing customized, individual and Group Retirement products. Thats why were your retirement company. Additional support is provided by, and by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. From the tish studios in Lincoln Center from new york. Good evening. Thanks for joining us. There were several major developments today in the story that has captivated the world for the past week, the disappearance of that malaysian jetliner with 239 people onboard. The Prime Minister of malaysia said for the first time that the 777 was deliberately diverted and he said malaysia is launching a criminal investigation into the incident. Today police searched the home of the planes pilot. We can say with
In the 1920s, the Banking System helped spread prosperity. In the 1930s, it dragged america down. How could a holiday put an end to the deepening crisis . Banking deregulation cost taxpayers almost a half trillion dollars. Did banks need more regulation or less . Our nation has long tried to protect the banking business, but weve never eliminated all the risks. The Banking System why must it be protected . Economic analyst richard gill and i will investigate that question on economics usa. Im david schoumacher. Captioning made possible by the annenbercpb project will investigate that question on economics usa. Americas businessmen and women know how dependent they are on a Friendly Bank for their success and the growth of their communities. Americas Banking System has provided that success and growth for more than a century. Although most banks are healthy and longlived, historically we have faced bank failures. While we can accept other businesses failing with a shrug, a bank closing
Cases are handled. Reverend billy graham is back in the hospital. Family members insist that graham is in good health and they expect him home in just a few days. President obama pays tribute to president john f. Kennedy. He laid a wreath at his grave side after honoring more than a dozen of americans with the medal of freedom. Friday marks 50 years that kennedy was assassinated. Real money with ali velshi is next on al jazeera america. Call it the credit generation gap. Young adults struggling with low Credit Scores and late payments while boomers have their act together. Ill give you the reason. Also small banks making a big role in a community. Well tell but one Community Bank in harlem. Im ali velshi, this is real money. This is real money, and you are the most important part of the show. Join us live reason twitter aj real money. The National Average Consumer Credit score hovers at 691, like the fico score, the credit score that youre used to, that banks judge your credit worthine
aj real money. The National Average Consumer Credit score hovers at 691, like the fico score, the credit score that youre used to, that banks judge your credit worthiness, experian uses a similar credit system. Not all generations are created equal. Millennials, young adults, age 19 to 29, they have got an annual credit score of 628. Thats the lowest of all groups by far before their average debt includes credit cards, car loans, student loans, whats more, millennials have the fewest number of credit cards but they overutilize them buying pizza and beer on a friday night instead of keeping them around for a rainy day. And these folks are developing bad credit habits early by paying their bills late. Now people age 30 to 46, im going to lump myself in that crowd. Theyre only marginally better off with the average credit score of 653. They carry the highest debt of any age group. They average even more late payments than the millennials and any other age group for that matter. Baby boome
3. 2 . Our road map begins with a 7,000 fine, every single day, thats what gm is paying because the Company Still has not provided enough answers about its ignition switch recall. Its not the only bad headline for gm this morning. More on that. Earnings season is officially under way after alcoa reported its results after the bell. What can the aluminum maker tell us about the rest of the quarter . We will have some answers. Instead of running from facebook, companies are willing to pay a lot more to advertise on the social network. But is that good news for the companys stock . First up, though, some tough news for the auto sector. Toyota recalling more than 6 million vehicles after uncovering five different faulting involving parts ranging from steering to seats and nhtsa fining gm 7,000 a day for missing last weeks deadline to provide information about its recall for defective ignition switches. Morgan stanley cutting gm to underweight today, 33 target, guys, and what is a tough not