Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

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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Monthly Jobs Report

Friday, November 04, 2011

WNYC business and economics editor, Charlie Herman, talks about the latest jobs numbers and the Federal Reserve's announcement of bleaker economic projections.

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Economy Added 80,000 Jobs in October; Unemployment Falls Slightly

Friday, November 04, 2011

U.S. businesses kept hiring workers in October even as government payrolls continued to be cut.

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Q&A | Starbucks' CEO on Getting and Giving More than a Cup of Coffee

Tuesday, November 01, 2011

Starbucks’ CEO Howard Schultz came to New York City on Tuesday to officially kick off a new feature in his company’s stores that has little to do with coffee and a lot to do with trying to fix the economy.

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This Week's Agenda: Euro Zone, Jobs, 7 Billion People

Monday, October 31, 2011

The markets responded positively to the news last week of a euro zone deal to try and turn around their two-year financial crisis. Marcus Mabry, editor-at-large of the International Herald Tribune, which is the international edition of The New York Times, tells us how he expects the markets to continue to go this week and to be on the lookout at Italy, which could be the next euro zone country to be in financial trouble. Charlie Herman, business and economics editor for WNYC and The Takeaway, looks at the upcoming G20 Summit in France this week, and if they can come up with a framework to deal with Europe's economic troubles.

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NY Fed President: I Have 'Sympathy With the Anger' Felt By Protesters

Monday, October 24, 2011

The NY Federal Reserve Bank played a key role in the 2008 bank bailout. Its chief says he understands why there is anger directed at the bailouts, but the country needs to focus on how to make the economy healthier going forward.

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Jobless Rate Remains at 9.1 Percent

Friday, October 07, 2011

Employers added 103,000 jobs in September, keeping the unemployment rate at 9.1 percent. Employers have added an average of only 72,000 jobs in the last five months. The economy must create twice as many in order to keep up with population growth. The figures rebuff grim warnings from economists in recent weeks that the U.S. is headed for a double-dip recession. Many economist continue to be concerned over the growing European sovereign debt crisis, which President Obama said in a press conference on Thursday "could have a very real effect on our economy at a time when it's already fragile."

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Economy Adds Jobs, But Unemployment Rate Stays 9.1 Percent

Friday, October 07, 2011

As President Barack Obama pushes Congress to approve his jobs bill, the latest jobs report out Friday shows 103,000 jobs were created in September — better than most economists and analysts had forecast.

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This Week's Agenda: Obama Out West, Government Shutdown Looms

Monday, September 26, 2011

It's Monday morning, which means we're looking at the agenda for the week ahead. President Obama will make a west coast trip this week, hitting Seattle, the San Francisco Bay area, San Diego, Los Angeles and Denver, raising funds for his re-election campaign and advocating for his jobs bill. Back in Washington, D.C., Congress is in the midst of another stalemate over government funds. Meanwhile, some key economic indicators will be released this week, including home sales figures and consumer confidence reports.

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As Goes Bank of America?

Tuesday, September 13, 2011

Charlie Herman, business and economics editor for WNYC, looks at Bank of America's decision to downsize and layoff 30,000 workers.

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Markets Tank Day After Obama's Speech

Friday, September 09, 2011

WNYC

U.S. markets plunged sharply Friday amid fears about Europe and skepticism that Congress can pass President Barack Obama's $447 billion jobs package.

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Obama's Job Speech

Friday, September 09, 2011

Anna Sale, political reporter for It's A Free Country, talks about the response to President Obama's job speech last night and what it will mean for the 2012 elections, and WNYC business and economics editor Charlie Herman discusses the economics of the proposal and how the business world might respond.

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