Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

Economy Adds 227,000 Jobs, Unemployment Flat at 8.3 Percent

Friday, March 09, 2012

Credit Market Stress Indicators

The nation’s unemployment rate held steady at 8.3 percent as the U.S. economy added 227,000 jobs in February. Revised data also found that 60,000 more jobs were created in December and January.

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Lehman Returns: Bank Emerges from Bankruptcy 3.5 Years Later

Tuesday, March 06, 2012

Lehman Brothers emerged from bankruptcy Tuesday and announced the failed bank widely credited with tipping the U.S. into recession in 2008 will start repaying creditors in April.

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What We're Reading: Business Round-Up

Tuesday, March 06, 2012

See what business and economics editor Charlie Herman has on his morning reading list.

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The Agenda: Super Tuesday, Gas Prices, Jobs Report

Monday, March 05, 2012

Every Monday, The Takeaway looks at the big news stories from the week ahead. The Agenda includes a preview of tomorrow's Super Tuesday vote, an upcoming jobs report, and other things to look for in the headlines this week.

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What We're Reading: Business Round-Up

Thursday, March 01, 2012

See what business and economics editor Charlie Herman has on his morning reading list.

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This Week's Agenda: GOP Primaries, Oil Prices, EU Stability

Monday, February 27, 2012

The Republican presidential candidates prepare for primary battles in Michigan and Arizona, two states hit particularly hard by the economic crisis. Mitt Romney won the support of Arizona Governor Jan Brewer, but will his popularity in Arizona help him rise in the Michigan polls? In economic news, the German parliament prepares for a vote on the Greek bailout package, and while gasoline prices rise, consumers may not be too concerned.

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The Agenda: Gas Prices, GOP Campaign, Occupy Our Prisons

Monday, February 20, 2012

Gas prices are going up and it's turning into a campaign issue. Gas prices have already risen 25 cents since the start of the year, putting them at $3.25 a gallon, a record high for this time of year. Occupy organizers turn their attention towards the more than 2 million people in prisons with what they're calling National Occupy Day in Support of Prisoners. Arizona Republican Senator John McCain is in Egypt trying to resolve a diplomatic dispute over American NGO workers in Egypt charged with using illegal funding to incite revolution. 

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Citigroup to Pay $158.3 Million to Settle Mortgage Fraud Charges

Wednesday, February 15, 2012

Citigroup’s mortgage unit has agreed to pay $158.3 million to settle charges that it defrauded a U.S. government home loan insurance program.

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The Agenda: GOP Campaigning, STOCK Act, President Obama discusses European debt with Italian PM

Monday, February 06, 2012

Every Monday, The Takeaway looks at the big news stories from the week ahead. Republican presidential candidates head to Colorado, Minnesota and Maine this week; Colorado and Minnesota's caucuses are tomorrow. In Washington, President Obama holds talks on the European debt crisis with Italian Prime Minister Mario Monti while Congress takes up the STOCK Act.

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This Week's Agenda: Florida Primary, Facebook IPO

Monday, January 30, 2012

This week, Mitt Romney and Newt Gingrich battle for votes in the Florida Primary. Republican candidates then move on to Nevada, where the state will caucus on Saturday. Both Florida and Nevada have a significant Latino population, and the candidates will likely use their campaigns to attract Latino voters across the United States. As the Republican candidates duke it out in Florida, the Senate will introduce the Stop Trading on Congressional Knowledge Act (STOCK Act), to prevent lawmakers from trading stocks based on information from Congressional briefings.

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New York Ranks Third in Venture Capital Deals

Friday, January 20, 2012

UPDATE: Mr. Mayor! It turns out you can say New York beat Boston when it comes to companies raising venture capital funds.

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The Agenda: South Carolina GOP Debates, Congress Returns from Recess, Earnings Reports

Monday, January 16, 2012

This week Congress returns from recess and Republican presidential hopefuls step up campaigning in South Carolina. Google, Microsoft, Citigroup, Wells Fargo, Goldman Sachs and Bank of America, along with other major companies, will announce earning reports. Myrtle Beach's visitors bureau welcomes the six GOP candidates for a debate with a 525-ton sand sculpture of their likenesses; meanwhile, Comedy Central's Stephen Colbert mulls throwing his hat into the ring.

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Layoffs Hit Wall Street As Financial Needs Change

Friday, January 13, 2012

Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.

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Verizon Cancels Plan to Institute $2 Fee

Friday, December 30, 2011

Verizon said it will not institute a fee for online or telephone payments, one day after announcing it would start charging customers $2 to do so. 

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After 75 Years, Goya Knows Its Beans

Wednesday, December 28, 2011

The “Goya” label can regularly be found on the shelves in supermarkets and bodegas. With more than 2,000 different products — from beans and olive oil to canned sardines and tropical fruit nectars — the company has grown in size lockstep with the increase in the nation’s Latino population.

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More Financial Job Cuts Could Impact Wall Street

Thursday, December 15, 2011

Investment bank Morgan Stanley announced it will cut nearly 1,600 people after seeing business fall in its investment banking and trading divisions.

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New York City’s Uncertain Financial Future

Thursday, December 15, 2011

New York City is facing a dual threat to its budget this fiscal year: the euro and school contracts.

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This Week's Agenda: Iowa Caucus, Payroll Tax Cut, Euro Zone Crisis

Monday, December 05, 2011

After an eventful weekend, GOP presidential candidates are gearing up for the influential Iowa caucuses. Democrats on Capital Hill hope to pass a payroll tax cut in the face of Republican opposition. Abroad, the euro debt crisis continue to loom over the world economy. German Chancellor Angela Merkel and French President Nicolas Sarkozy are meeting ahead of the Brussels summit on Friday to discuss greater fiscal coordination between European countries, and Italy's new government looks to pass austerity measures to ease their debt.

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120,000 Jobs Added in November, Unemployment Drops Below 9 Percent

Friday, December 02, 2011

Since President Obama introduced the American Jobs Act in September of this year, he has spoken publicly about it more than 50 times. The jobs report for November comes out this morning and the consensus call is that 125,000 new jobs were created this month. Charlie Herman, economics editor for The Takeaway and WNYC, speaks about the latest jobs numbers as well as specific economic and educational reforms that are trying — with mixed success — to remedy the situation.

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This Weeks's Agenda: Super Committee, Euro Crisis, Thanksgiving

Monday, November 21, 2011

The week starts out on an ominous note as the Congressional "super committee" charged with reducing the national debt announces that they will not reach a deal. What went wrong during their negotiations, and where do we go from here? How will markets react? Also, the Euro crisis rages on as another government falls in Spain with the election of a new Conservative party. Finally, another GOP debate, the start of the holiday shopping season, and Thanksgiving traditions from Takeaway guests.

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