Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

Foreclosed Homes Equal Nearly a Quarter of National Home Sales

Thursday, September 30, 2010

Home buyers and speculators continue to scoop up foreclosed homes at discount prices, according to a new report. In New York, just over 7 percent of sold homes were in some stage of foreclosure, at prices 16 percent below average sales prices.

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Lehman Brothers' Art Collection Goes on the Block

Wednesday, September 22, 2010

To help pay the billions of dollars in claims against the company, Lehman Brothers is selling off assets including real estate holdings, mortgages and even its art collection, which goes under the hammer at Sotheby's this Saturday.

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This Week's Agenda: UN General Assembly, Home Sales, and Federal Reserve Meets

Monday, September 20, 2010

The United Nations General Assembly kicks off this week, starting with a summit on the Millenium Development Goals, which aim to cut world poverty in half by 2015. As world leaders converge on New York for this event, they will also join leaders of the corporate and non-profit world for the 6th annual Clinton Global Initiative.

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Global Leaders Meet, Plan Action At Clinton Global Initiative

Monday, September 20, 2010

World leaders, CEOs, non-governmental organizations and philanthropists will gather in midtown Manhattan this week to develop programs to improve the lives of people around the world.

Timed to coincide with the beginning of the United Nations General Assembly, the Clinton Global Initiative requires each participant to create their own plan that is “new, specific and measureable.”

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'I Don't Think He's Fit For Public Service'

Thursday, September 16, 2010

New York Governor David Paterson had harsh words for the Republican gubernatorial nominee Carl Paladino.

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Number of Apartments for Rent in NYC Rises

Wednesday, September 15, 2010

The number of apartments for rent in Manhattan rose in August for the first time in eight months. Real estate broker CitiHabitats said the vacancy rate increased to just over 1 percent. But even as renters had more choice, rents remained unchanged from July. The average monthly cost of a studio was just over $1,800 and just under $2,500 for a one-bedroom apartment in Manhattan.

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No More Wait for the Cable Man?

Tuesday, September 14, 2010

That long wait for the cable man could become a thing of the past. 

As a part of the new franchise agreement city officials have negotiated with Time Warner Cable and Cablevision, cable customers will receive status updates about their appointments with technicians through texts, emails or on the Web.

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This Week's Agenda: Congress Returns, Primaries Nationwide, Mid-East Peace Talks Round 2

Monday, September 13, 2010

Both the House and Senate head back into session this week, and the decision whether or not to extend the Bush-era tax cuts will be high on the agenda. Takeaway's economics editor Charlie Herman and National Journal managing editor Terence Samuel look at what else Congress has to look forward to

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President's News Conference

Friday, September 10, 2010

Charles Herman, WNYC business and economics editor, offers selections and analysis of President Obama's 11 AM news conference.

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Wall Street Backs Republican Candidates

Tuesday, September 07, 2010

Wall Street is betting on Republican candidates this election season.  

"Around January, Feburary of this current year, there was a major major shift," said Dave Levinthal, editor of the Open Secrets blog for the Center on Responsive Politics, which analyzes political contributions. "It was a dramatic shift that coincided with financial reform."

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Nation's Unemployment Rate Rises to 9.6 %

Friday, September 03, 2010

While large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected.

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August Job Losses: 54,000, Unemployment Rises to 9.6%

Friday, September 03, 2010

While large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected.

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Silver Lining in the Unemployment Numbers

Friday, September 03, 2010

Private employers hired more workers during the past three months than previously thought, adding 67,00 workers in August. However, this was not enough to keep unemployment from growing. The latest jobless numbers shows that unemployment hit 9.6 percent last month. Charlie Herman, The Takeaway and WNYC's economics editor explains what this means for the economy and for the workers who still have jobs.

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Unemployment Rises, But Jobs Report Better than Expected

Friday, September 03, 2010

As large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected. 

The government reports that employers cut fewer jobs than expected in August. The nation’s payrolls shrunk by 54,000.  

This was not a great report but it was "better than many thought it would be,” wrote Joel Naroff, chief economist with Naroff Advisors in a note to clients.

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Barnes & Noble Closing Lincoln Center Location

Monday, August 30, 2010

Barnes & Noble is closing the chapter on its four-story superstore at Lincoln Center. The 66th Street store will close at the end of January after more than 15 years of selling books and holding readings and performances.

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Agenda: Peace Talks, Jobs, Auto Sales

Monday, August 30, 2010

We look ahead to this week of Middle East peace talks, a new jobs report, and auto sales numbers. On Tuesday, President Obama will address the nation from the Oval Office as combat operations in Iraq officially end. On Wednesday, we'll hear about auto sales numbers for August, and on Thursday, a new round of Middle East peace talks will begin. Friday brings the anticipated jobs report from the Labor Department.

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GDP Numbers Show Drop, But Better Than Expected

Friday, August 27, 2010

U.S. economic growth slowed in the second quarter of this year as the government revised downwards the gross domestic product (GDP) to 1.6 percent from a previous estimate of 2.4 percent. The news caps a week of bad news about the nation’s economy, in particular, reports that housing sales fell to record lows in July.

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New Disappointing GDP Numbers

Friday, August 27, 2010

Revised GDP numbers for the second quarter — a key indicator of financial health for the country — have just come out, and they are disappointing for those who hoped the U.S. was improving economically. Growth was cut sharply to 1.6 percent in the second quarter, and though the drop isn't as bad as some economists feared, many are wondering if a double-dip recession is becoming a reality. What do the new numbers mean, and what can we do to improve our situation?

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GDP Numbers Show Drop, But Better Than Expected

Friday, August 27, 2010

U.S. economic growth slowed in the second quarter of this year as the government revised downwards the gross domestic product (GDP) to 1.6 percent from a previous estimate of 2.4 percent. The news caps a week of bad news about the nation’s economy, in particular, reports that housing sales fell to record lows in July.

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New Home Sales Drop to Record Lows

Wednesday, August 25, 2010

A day after disappointing sales results for existing homes in July, sales of new homes sold last month fell to the lowest rate on record, alarming economists.

“The potential for the housing market to drag the economy back into recession is…rising,” said Celia Chen, senior director at Moody’s Economy.com.

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