Egypt will likely dominate the headlines all week, with everyone waiting to see if President Hosni Mubarak will cede to the wishes of the protesters and step down. Calli Crossley, host of The Callie Crossley Show on WGBH in Boston, looks at what's ahead this week for the people of Egypt and its government. Charlie Herman, economics editor for The Takeaway and WNYC in New York, looks at the potential impact the uprising in Egypt could have on the price of oil, and on how it could impact trade on the Suez Canal.
Charles Herman, WNYC business and economics editor, has been monitoring the press conference and report from the Financial Crisis Inquiry Commission this morning - he offers his highlights.
President Obama's State of the Union Address on Tuesday is the most anticipated event of the week. Kai Wright, editorial director of ColorLines Magazine, says this speech will signal the start of the 2012 presidential campaign. He shares what to expect from the President's speech, and what the aftermath of it will look like. Kai says the match up is no longer Republicans vs. Democrats, as much as it's Republicans vs. Republicans.
Some quick fact-checking on Mayor Michael Bloomberg’s State of the City speech.
As Wal-Mart explores opening stores in the five boroughs, its foundation announced it will donate nearly $383,000 to the Food Bank for New York City.
Wal-Mart has no lack of opponents in New York City as the retailing giant looks to open stores here.
The midterm elections are over and the 2012 campaign for President has not officially started, but in New York City, a campaign of a different sort is already underway.
Wal-Mart is seeking signatures from New York City residents in support of its efforts to open stores in the five boroughs.
“The petition drive is an extension of our social media efforts,” wrote Robert Barletta with The Marino Organization, a public relations firm working with Wal-Mart.
China's President Hu Jintao is heading to the United States this week and will meet with President Obama at the White House on Wednesday. Marcus Mabry, associate national editor for The New York Times, and Charlie Herman, economics editor for The Takeaway and WNYC, discuss what they expect to come out of this meeting between the leaders of two of the most powerful countries in the world.
Wal-Mart has over 4,000 stores across the country, but none of them are in New York City. The company has tried unsuccessfully to open stores before in the region, but is now making a concerted effort to secure locations in all five boroughs.
The jobs report for December is out with some good news: The unemployment rate is down to 9.4 percent, hitting the lowest it's been since May, 2009. However, the number of jobs created, 103,000 in December, came in lower than expected. Economics editor for The Takeaway and WNYC, Charlie Herman explains.
Chalk up the December jobs report as another “good, but” story that has come to dominate the theme of economic stories over the past year.
The 112th Congress begins this week, and with the House under Republican control while Democrats still hold a slim majority in the Senate, many are expecting gridlock for the next two years. Todd Zwillich, The Takeaway's Washington correspondent, and Charlie Herman, economics editor for The Takeaway and WNYC, look at what's in store for Congress in the upcoming days, weeks, and even years. They also discuss the obstacles President Obama's health care plan may face this year: Will the plan as implemented look the same in 2012 as it does today?
President Obama returns from his family holiday in Hawaii to the first major reorganization of his administration. When restructuring, does he choose a team for governing or a team for winning and campaigning for 2012? Marcus Mabry, associate editor for our partner, The New York Times, joins us to discuss. Also,major snow storms hit multiple parts of the country over the weekend; we'll find out how the weather affected post-Christmas sales, and what retailers made during the shopping craze before the big day from Charlie Herman, economics editor for The Takeaway.
The head of the office that oversees the troubled CityTime payroll system has resigned, effective December 31.
The Commerce Department has revised numbers reflecting how much the economy grew last summer, moving the GDP up from 2.5 to 2.6 percent. Economists are hailing the change as good news, but not great news. Many had hoped that the growth would reach as high as 3 percent. Is this a cause to backtrack on recent optimism, or still cautious progression on the economy? Economics editor for The Takeaway Charlie Herman joins us for more on the subject.
The Senate voted to repeal "don't ask, don't tell," over the weekend. The law, enacted 17 years ago by President Bill Clinton, allowed gays to serve in the military, as long as they did not reveal their sexual orientation. Todd Zwillich, The Takeaway's Washington correspondent, looks at what's next for the repeal. Meanwhile, a number of economic indicators come out this week, and Charlie Herman, economics editor for The Takeaway and WNYC, looks at the upcoming third quarter GDP numbers due out Wednesday, along with existing home sales numbers, and new home sales numbers on Thursday.
Foreclosure activity fell to an eight month low as fewer than 300,000 homes received a foreclosure notice in November. According to the online foreclosure tracking firm RealtyTrac, 262,339 properties received a foreclosure filing last month, a 21 percent drop from October and a 14 percent drop from a year ago. Both of these declines were the largest percent decreases since RealtyTrac began collecting foreclosure date in January of 2005.
New York City’s economy has recovered faster than the state and the nation, but larger than expected city deficits and the slowly recovering national economy could keep unemployment high for years to come.
According to city comptroller John Liu, businesses gained 74,000 jobs in the first 10 months of this year. Restaurants, retailers and health care companies accounted for the majority of the new jobs.