Streams

Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

How the Heat Wave Is Taxing Our Power Grid

Tuesday, July 06, 2010

The New York Independent System Operator (NYISO) manages the state’s power grid and administers the $11 billion bulk wholesale energy market for the state. It also has responsibility for operating nearly 11,000 miles of transmission wires and over 500 electricity power generators as well as planning for future energy needs.

Earlier ...

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US Economy Loses Jobs in June, As Expected

Friday, July 02, 2010

For the first time this year, the economy lost jobs largely as a result of 2010 census workers losing those temporary jobs in June.

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Economy Loses Jobs In June

Friday, July 02, 2010

For the first time this year, the economy lost jobs largely as the result of 2010 census workers losing those temporary jobs in June.

The government reported this morning that the nation’s payrolls fell 125,000 last month as a result of the elimination of 225,000 Census jobs.  Private sector employment increased by an anemic 83,000 jobs.

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U.S. Economy Loses Jobs In June, As Expected

Friday, July 02, 2010

For the first time this year, the economy lost jobs largely as a result of 2010 census workers losing those temporary jobs in June.

The government reported this morning that the nation’s payrolls fell 125,000 last month as a result of the elimination of 225,000 Census jobs. Private sector employment increased ...

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This Week's Agenda: Petraeus' Confirmation, Saudi King Comes to DC, Job Numbers

Monday, June 28, 2010

The week was thrown into uncertainty with the death this morning of Sen. Robert Byrd. The New York Times' Marcus Mabry and The Takeaway's Charles Herman, look at that and the rest of the news coming up in the next seven days.

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Business Briefing: G-20, Consumer Spending, BP and Jobs

Monday, June 28, 2010

The morning starts with U.S. markets reacting to the decisions by the G-20 nations this weekend to cut their deficits in half, and soon!

G-20 leaders agree to cut deficits, but slowly...slowly...and new rules for global regulation of banks to come...slowly...slowly....

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Financial Reform Agreement: Effect on New York?

Friday, June 25, 2010

Roben Farzad, senior writer for Bloomberg Businessweek, and Charles Herman, WNYC business and economics editor, look at what's in the financial reform agreed upon early this morning, and the effects on Wall St. and Main St.

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Dissecting the Drooping Home Sales Numbers

Thursday, June 24, 2010

Existing and new home sales numbers for May came out this week, and they were nothing to get excited about. Economists and experts were blown away by figures announced by the Commerce Department on Tuesday. While a drop in sales was expected, no one expected the 32.7 percent nose-dive from the previous month's sales.

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Orders for Durable Goods Fall, As Do Jobless Claims

Thursday, June 24, 2010

This morning we learned that orders for durable goods--big-ticket items from refrigerators to heavy machinery--fell 1.1 percent in May, a bit better than economists had expected. The drop was due mostly to a fall in demand for commercial aircraft. According to Ian Shepherdson, chief Economist with High Frequency ...

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New York State Joins BP Lawsuits

Wednesday, June 23, 2010

New York state has joined the growing number of lawsuits against BP over the oil spill in the Gulf of Mexico. State Comptroller Thomas DiNapoli announced he is seeking to lead a class action lawsuit against the oil giant to recover losses to the state's retirement fund after the company's ...

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Financial 411: Home Sales Fell in May--What's Next

Wednesday, June 23, 2010

Sales of new homes sales fell nearly 33 percent in May, while sales of existing homes were off more than two percent. Guest: Jonathan Miller, president and CEO of Miller Samuel, a New York-based real estate appraisal firm, says the real worry now is what happens to the housing market ...

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This Week's Agenda: A Currency Change in China and Estonia; A Look at Our Economy; and A Visit From Medvedev

Monday, June 21, 2010

It's Monday, which means it's time to take a look at what's ahead this week in the agenda with the help of Marcus Mabry, associate national editor for The New York Times, and Charlie Herman, The Takeaway and WNYC's economics editor. 

 

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Business Roundup: Unemployment Claims Up, Inflation Stable, Mortgage Rates Low

Thursday, June 17, 2010

The Labor and Commerce departments have released their latest economic reports.

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Business Roundup: Unemployment Claims Up, Inflation Stable, Mortgage Rates Low

Thursday, June 17, 2010

After three weeks of declines, the Labor Department reported that the number of people filing claims for unemployment benefits jumped by 12,000 to a seasonally adjusted level of 472,000. The news has economists worried that employers are not hiring people as much as hoped, which could slow the ...

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This Week's Agenda: BP to Eat Crow?

Monday, June 14, 2010

BP and the Gulf oil crisis are expected to be at the forefront of the news once again this week. President Obama will visit Alabama, Mississippi and Florida today and tomorrow, and address the nation when he gets back to Washington on Tuesday. 

BP's top executives will face Congressional hearings, including BP America chief Lamar McKay. Other oil industry executives – from Exxon, Chevron, Shell, and Conoco – are scheduled to sit before the House Energy and Commerce subcommittee on Tuesday. The other oil companies are expected to try to distance themselves from BP by saying that this incident was preventable and that something like this would never happen on their watch.

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BP’s Plummeting Stock Affecting New Yorkers?

Friday, June 11, 2010

BP station in SoHo (Photo by Kate Hinds)

BP station in SoHo (Photo by Kate Hinds)

Angry at BP? Thinking of boycotting BP-branded gas stations but worried you might end up only hurting the little guys?

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Foreclosure Filings Fall in May

Thursday, June 10, 2010

For the second month in a row, the number of homeowners receiving a foreclosure filing fell compared to the previous month.

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Foreclosure Filings Fall in May

Thursday, June 10, 2010

For the second month in a row, the number of homeowners receiving a foreclosure filing fell compared to the previous month. According to the online foreclosure tracking firm RealtyTrac, foreclosure filings declined 3 percent in May compared to April. Compared to a year ago, foreclosure notices increased less than one-half ...

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Countrywide to Pay $108M in Settlement

Tuesday, June 08, 2010

The Federal Trade Commission announced on Monday that Countrywide Financial, now owned by Bank of America, will pay $108 million to settle charges that it collected excessive fees from homeowners struggling to pay their mortgages. The settlement represents the largest for the FTC in a mortgage servicing case. The money will be used to reimburse homeowners who had their loans serviced by Countrywide prior to Bank of America buying the company in July 2008.

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The Week's Agenda: The Economics Behind the Oil Spill, Primary Elections

Monday, June 07, 2010

This week is all about "angst," says Takeaway economics editor Charles Hermann. Politically, it's about "watching the women," says Takeaway Washington correspondent Todd Zwillich. Those are the terms setting the agenda for this week, as we look ahead at news on the economic impact of the oil spill and whether anti-incumbent fever will affect Tuesday's primary elections.

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