Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

This Week's Agenda: Lame-Duck Congress, Bipartisan Meetings, Potential Israeli Settlement Freeze

Monday, November 15, 2010

The 110th Congress begins its lame duck session today, and the question remains: how much can lawmakers get done before the new members step in? Charlie Herman, economics editor for The Takeaway and WNYC looks at how this session of Congress handles the Bush tax cuts, "Don't Ask, Don't Tell," and the new START treaty.

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A Bipartisan Deficit Proposal both Democrats and Republicans will Hate

Thursday, November 11, 2010

Government spending, according to some conventional wisdom, is out of control. That battle cry rallied many politicians during the mid-term elections, helped elect Tea Party and conservative Republican candidates, while putting Democrats on the defensive over the deficit. But now that elections are over, do politicians have the stomach for real change? Yesterday, the co-chairs of President Obama's non-binding fiscal commission on deficit reduction released a draft plan to curb spending ... but the plan met with general dismay in Washington. Why? 

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This Week's Agenda: Republicans' Next Steps, Obama in Asia

Monday, November 08, 2010

After the beating Democrats took in last week's mid-term elections, all eyes, including those of our managing producer, Noel King, will be looking at what the GOP's initial moves will be this week. She'll also look at President Obama's continued trip through Asia, along with Charlie Herman, business and economics editor for The Takeaway and WNYC Radio.

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US Adds 151,000 Jobs

Friday, November 05, 2010

The U.S. economy added jobs in October for the first time since last spring due to hiring in the private sector.

The private sector hired 159,000 employees last month. That is the tenth consecutive month of job gains for the nation’s businesses.  Since the start of the year, private sector employers have hired 1.1 million employees.

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Comptroller Says City is Emerging from Recession

Friday, October 29, 2010

Despite the recession, New York City balanced its budget and even eked out a $5 million surplus. It helped that the City put aside nearly $3 billion last year to offset expected budget gaps for the fiscal year that ended on June 30.

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New Yorkers Spending: Sales Tax Collections Increase

Thursday, October 28, 2010

Higher sales taxes this year are not deterring shoppers in New York City. State comptroller Tom DiNapoli says sales tax collections increased 20.6 percent in the first nine months of the year compared to the same time a year ago. During the first nine months of 2009, sales tax collections fell 11.4 percent.

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September Home Sales Jump, But Still a Buyer's Market

Monday, October 25, 2010

Sales of existing homes shot up in September, but are still below levels economists consider indicative of a healthy economy.

According to the National Association of Realtors, existing homes sold at an annual rate of 4.53 million in September.  That’s an increase of 10 percent from August but down more than 19 percent from a year ago. August sales were revised downward slightly.

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New Jersey Unemployment Rate Falls As Workforce Shrinks

Wednesday, October 20, 2010

New Jersey's unemployment rate fell below the national average in last month. The state's Department of Labor reports that 9.4 percent of New Jersey residents were unemployed last month, two-tenths of a percent lower than the national unemployment rate. 

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Bernie Madoff's Slippers and Wife's Ring on the Auction Block

Wednesday, October 20, 2010

A small slice of the disgraced financier Bernard Madoff's prized possessions will be sold at auction in New York this November.

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Foreclosure Freeze

Friday, October 15, 2010

Josh Zinner, co-director of NEDAP, the Neighborhood Economic Development Advocacy Project, and WNYC business and economics editor Charlie Herman reflect on the foreclosure freeze of many large banks nationwide and what that freeze is doing to the New York housing market.

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Foreclosures Continue to Rise Nationwide

Thursday, October 14, 2010

On the heels of the announcement of a nationwide investigation by state Attorneys General of foreclosure proceedings, foreclosure filings in September increased by nearly 3 percent compared to August. Compared to a year ago, foreclosure filings were up 1 percent. And for the first time, a record 102,134 homes were seized by banks in September. 

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New York, New Jersey Join Investigation into Foreclosures

Wednesday, October 13, 2010

The Attorneys General of New York and New Jersey have joined a coordinated investigation of improper foreclosures procedings that could have violated state laws.

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This Week's Agenda: Debates; Foreclosures and Economic Indicators

Monday, October 11, 2010

Every Monday, we take a look at the big stories in the week ahead. This week's Agenda, covers foreclosures, midterm elections, calls for UN peace keepers in  Sudan and the Nobel Prize in Economics.

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Gov't. Cuts Led to Job Losses in September

Friday, October 08, 2010

The U.S. economy continues to lose jobs as the government reports Friday morning that 95,000 positions were cut from the nation’s payrolls.

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Government Cuts Led to Job Losses in September

Friday, October 08, 2010

The U.S. economy continues to lose jobs as the government reports Friday morning that 95,000 positions were cut from the nation’s payrolls.

While private sector employers hired 64,000 jobs last month, the positive number was offset by the loss of 159,000 government jobs

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Wells Fargo Pays $24 Million Over 'Pick-A-Payment' Loans

Wednesday, October 06, 2010

Wells Fargo announced it will pay $24 million to eight states including New Jersey to end investigations into whether the company deceived homeowners when it offered them risky mortgages.

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Signed Copy of Emancipation Proclamation to be Auctioned at Sotheby's

Wednesday, October 06, 2010

A copy of the Emancipation Proclamation signed by President Lincoln and owned by Robert Kennedy will be auctioned in New York. The copy Kennedy purchased is one of 48 signed by Lincoln and sold to raise money for the medical care of union veterans.

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Robert Kennedy's Copy of Emancipation Proclamation To Be Sold

Wednesday, October 06, 2010

A copy of the Emancipation Proclamation signed by President Lincoln and owned by Robert Kennedy will be auctioned in New York. 

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Happy Holidays? Holiday Sales Forecast To Rise

Tuesday, October 05, 2010

While the holidays are still a few months away, retailers in New York and across the country are hopeful that consumers will spend more this year. 

The National Retail Federation forecasts that holiday sales will increase more than 2 percent to just over $447 billion. While that is an improvement from last year’s small increase, it is still down from the record total set in 2007 before the recession began.

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New York Commercial Real Estate Shows Signs of Improving

Tuesday, October 05, 2010

Despite falling rents and rising vacancy rates, the commercial real estate market could be improving.

According to the New York-based real estate firm REIS, even as the vacancy rate hit a 17-year high of 17.5 percent, the quarterly rate increase was slower compared to last year. And for the first time since 2008, the average rent on 4 billion square feet of office spaces was effectively unchanged from the previous quarter: rents fell one cent to $22.05 per square foot.

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