Wages for county employees will be frozen in Nassau County after a state oversight board declared a fiscal emergency in the wealthy Long Island community.
The state oversight board that took control Nassau County's finances could decide Thursday to declare a fiscal emergency in the county and freeze public employee salaries.
Charlie Herman, WNYC business and economics editor, continues the discussion of inflation numbers and fields calls about where you see costs on the rise and how it may be changing your behavior.
Listeners: Where do you see prices rising? How is it changing your behavior? Call us up or tell us here!
WNYC business and economics editor Charlie Herman discusses inflation numbers and fields calls from business owners about how higher prices are affecting business.
Listeners: Are you seeing higher prices? Business owners, are higher prices affecting the way you're operating. Tell us about it!
Operation Odyssey Dawn began Saturday with coalition missiles targeting Moammar Gadhafi's tanks and air defenses. Is the United States leading this effort? Meanwhile, relief and rescue efforts continue in Japan and time is of the essence as over 12,000 people are still missing and 8,000 have been confirmed dead so far.
With the president traveling in Latin America and Congress on recess, there's no one issue driving the economic agenda and markets this week. As a result, investors will be pay close attention to the allies' air assault in Libya as well as other developments in the Middle East and what they mean for oil production and prices.
People will bet on just about anything.
If there is no major fallout from the damaged nuclear reactors, the economic effect of Friday's earthquake and resulting tsunami is largely expected to be limited to Japan. Spending to rebuild Japan will most likely help boost economic growth, but that this spending will most likely add to Japan’s public debt, already the second worst in the world.
The 8.9 earthquake and tsunami that rocked Japan Friday is certain to have an impact on the world's market. Already Japan's Nikkei average fell over 4 percent in early trading Monday morning. Charlie Herman, economics editor for The Takeaway and WNYC Radio, looks at how the disaster in Japan could affect the U.S.'s economy and stock market.
As recovery efforts continue in Japan and rescuers keep searching for the injured, dead and missing, the growing nuclear crisis has the country — and the world — on edge. Just how successful Japan is at preventing a possible meltdown at the reactors will spell the difference between a short-term, immensely tragic event and a long-term, global disaster.
Whether or not to enforce a no-fly zone over Libya is becoming a hot issue in Washington. Many lawmakers like Senator John McCain (R-Ariz.) and Senator John Kerry (D-Mass.), are calling for a no-fly zone, as rebels in Libya face rough times against the better equiped Libyan armed forces. Callie Crossley, host of The Callie Crossley Show on WGBH in Boston, looks at what we can expect next in the Libyan crisis this week.
Without a lot of economic news this week, investors will be paying close attention to oil and gasoline prices, trying to determine just how much higher prices could slow down economic growth in the U.S. This week marks the two-year anniversary (no cake expected) of the low point of stocks during the financial crisis.
The U.S. job market bounced back in February as the unemployment fell below 9 percent for the first time since April 2009.
The U.S. economy added a net 192,000 jobs in February, according to the latest Labor Department figures out Friday. The unemployment rate is now at 8.9 percent — the first time that figure has dropped below nine percent in nearly two years. Takeaway and WNYC economics editor, Charlie Herman and The Wall Street Journal's Kelly Evans look at the numbers.
The government is on the verge of a shutdown Friday, as Democrats and Republicans try and come up with some kind of resolution on the budget. Chrystia Freeland, global editor-at-large of Reuters, and Charlie Herman, economics editor for The Takeaway and WNYC Radio, will look into their chrystal balls and see if any resolution is in sight. While Washington makes attempts at a budget resolution, Secretary of State Hillary Clinton is heading to Switzherland to come up with a resolution on dealing with Col. Moammar el-Gadhafi and Libya. Are Gadhafi's days numbered?
Sales of existing homes rose unexpectedly in January, but the increase came largely from investors and all-cash buyers snagging deals on foreclosed homes rather than first-time homebuyers.
Last week, Egypt and President Obama’s 2012 budget proposal held our attention. This week, ongoing upheaval in the Arab World, public sector unions and what Reuters Global Editor-at-Large Chrystia Freeland calls “the Groupon effect” promise to be on our monitors and TV screens.
Wal-Mart workers, former and current, will testify Thursday at the City Council's second and final hearing into the labor practices of of the retail giant, which is expected to get blasted by the employees following a fiery council meeting that drew protesters two weeks ago.
With protesters in Egypt successfully overthrowing President Hosni Mubarak, following successful protests in Tunisia, we take a look at Yemen. That country has seen protests all weekend — not from the opposition but from the youth of the country, who have organized primarily via text messaging. Noel King, managing producer for The Takeaway, looks at why the U.S. should be keeping a close eye on what's happening in Yemen, as well as in Iran.
Albany. It’s the capital of New York. It’s where Governor Andrew Cuomo and the legislature will battle over cuts to state services, public benefits and even state payrolls.
Albany is not alone.