Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

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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Home Sales Continue to Fall as Tax Credit for Home Buyers Expires

Wednesday, August 25, 2010

A day after disappointing sales results for existing homes in July, sales of new homes sold last month fell 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.

According to the Commerce Department, new homes sales fell 12.4 percent from June to July to an annual rate of 276,000.  That is 32.4 percent lower than a year ago. At the current sales rate, there is a nine month supply of homes. Economists had expected an annual sales pace of 333,000.

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Home Sales Drop to Lowest Level in a Decade

Tuesday, August 24, 2010

Sales of existing homes in July fell to the lowest level in 15 years, significantly worse than expected. Stocks fell after the news as it added to the growing concerns of investors about the pace of the nation’s economic recovery.

According to data collected by the National Association of Realtors, existing homes sold at an annual rate of 3.83 million units — 27.2 percent lower than the June level. Compared to a year ago, sales were off 25.2 percent.

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Existing Home Sales Plunge to Lowest Level in 15 Years

Tuesday, August 24, 2010

Sales of existing homes in fell in July to the lowest level in 15 years, significantly worse than expected. Stocks fell after the news as it added the growing concerns of investors about the pace of the nation’s economic recovery.

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The Agenda: Housing and GDP Numbers, Midterm Primaries, Remembering Ted Kennedy's Death

Monday, August 23, 2010

A number of economic indicators are due out this week, including existing and new home sales, and 2nd quarter GDP figures — all are expected to plummet. Charlie Herman, economics editor for The Takeaway and WNYC Radio, is describing this as a "slowdown" this week: "Right now, we're in the slow days of summer. The president is on vacation and Congress is in recess," he says.

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Agenda: Shrimping, Housing, Deficits

Monday, August 16, 2010

We look ahead at this week in news. It's the official beginning of shrimping season in Louisiana; Russia's grain embargo has just taken effect; the Obama administration tries to figure out how to approach mortgage giants Fannie Mae and Freddie Mac; a judge's ruling effectively bans planting genetically modified sugar beets; and the Congressional Budget Office will release its budget outlook.

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The Economy on Friday the 13th

Friday, August 13, 2010

WNYC business and economics editor Charles Herman looks at the good, and the scary, economic news. And Sharon Terlep, a reporter covering the auto industry for The Wall Street Journal, talks about the change in leadership at G.M.

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