Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

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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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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