Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

Unemployment Rate Climbs to 9.8 Percent as Economy Adds 39,000 Jobs

Friday, December 03, 2010

Hopes that the businesses have hired more people as the economy recovers were scuttled Friday after the government reported anemic job growth in November. The government reported this morning that the nation’s payrolls increased by on by 39,000 jobs.  Economists had been expecting an increase closer to 150,000.

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City Council To Take A Closer Look at Wal-Mart

Monday, November 29, 2010

While the nation's largest retailer Walmart considers opening a store in New York City, the city council has decided to take a closer look at the retailer.

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This Week's Agenda: Lame Duck Congress Returns, Unemployment Benefits Expire

Monday, November 29, 2010

Looking ahead to the week's agenda: Unemployment benefits for an estimated two million Americans is set to expire by tomorrow; Congress will decide whether or not to extend them. Time is running out to pass the new START agreement with Russia, as well.  Two days of debate have been scheduled for Thursday and Friday that will address the Pentagon's soldier survey on "Don't Ask Don't Tell," and whether or not the repeal, backed by the White House, will go through. Also, the highly debated Bush Tax Cuts are set to expire in January for both middle and upper-income brackets...both sides seem to be adamantly sticking to their guns with no compromise in sight.

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Cotton, Chocolate and Coffee: Prices on the Rise

Tuesday, November 23, 2010

Global prices of cotton, coffee and chocolate are on the rise. WNYC business and economics editor Charles Herman talks about the possible effects on inexpensive t-shirts, your morning latte, and candy bars.

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This Week's Agenda: TSA, Black Friday, Haiti

Monday, November 22, 2010

With Thanksgiving approaching, how many notches you'll have to relax that belt buckle won't be the only question people will be asking. Much of the focus will be on air safety and retail sales. Many travelers are not happy about the latest security measures the TSA is using for secondary screening, including full-body scans and thorough pat-downs. Many see both as extremely invasive, but the TSA says that both measures will stay. Callie Crossley, host of "The Callie Crossley Show" at WGBH in Boston, will see if any changes will come as Thanksgiving quickly approaches.

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Coffee Prices Rise as Demand Grows

Sunday, November 21, 2010

Your morning cup of coffee could start costing a bit more as prices for green-coffee, or unroasted beans, are now more than 50 percent higher than they were a year ago. The increase has already led to price hikes for many coffee brands and even higher prices are expected in the months ahead.

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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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