Streams

Chris Arnold

Chris Arnold appears in the following:

Unemployment Rate Shrinks As Fewer People Look For Work

Friday, September 06, 2013

Job growth fell short of expectations in August. Employers added only 169,000 jobs to payrolls, and gains for June and July were revised downward. The question is whether the mediocre job growth of recent months is troubling enough to convince the Federal Reserve to delay its plans to dial back its stimulus of the economy.

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Rates Come Down On Jumbo Mortgage Loans

Friday, September 06, 2013

The interest rate on jumbo mortgages โ€” those that exceed a government-set cap of $417,000 โ€” has fallen below the rate for traditional loans. Mortgage industry observers say it's the first time this has happened.

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Fast Food Workers, Activists Protest For Higher Wages

Thursday, August 29, 2013

The fast food industry has become the focal point in the drive by organized labor and its supporters for so-called living wage laws. Union members and activist groups staged another round of protests Thursday at restaurants and retail stores, calling for a minimum wage of $15 an hour. How are the protestors playing with consumers and what would happen to workers and the industry if organizers achieved their goal?

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As Housing Recovers, Lots Of Boats Rise In U.S. Economy

Thursday, August 22, 2013

In just the past week we've seen a bunch of signs that the housing recovery is gaining steam. Most important for the economy, homebuilders are hiring more workers and building more houses.

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JPMorgan Chase faces Growing Legal Problems

Tuesday, August 20, 2013

On Monday, The Wall Street Journal reported the Justice Department is investigating the bank over improper energy trading. That follows the news that the anti-bribery unit of the Security and Exchange Commission is looking into whether JPMorgan hired the children of Chinese officials to help win business.

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Pent-Up Demand Is Boosting Home Sales, But Can It Last?

Thursday, August 15, 2013

Millions of Americans have been living with relatives or renting, trying to ride out the Great Recession and the slow recovery. Those people may be now itching to buy homes before interest rates go up further. But some experts point to negative factors that could hold back a housing boom.

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Housing Market Shows More Signs Of Life

Saturday, August 10, 2013

New reports showed that home sales and prices are rising despite the recent rise in interest rates. Guest host Celeste Headlee talks to NPR's Chris Arnold about the housing market and and proposed changes for Fannie Mae and Freddie Mac.

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Fannie Mae Posts $10 Billion Profit In Second Quarter

Thursday, August 08, 2013

Mortgage giant Fannie Mae announced Thursday that it made a $10 billion profit in the second quarter. Americans may remember that the government had to bail out Fannie Mae and Freddie Mac when the housing bubble burst five years ago. Now, with home prices rising, Fannie and Freddie are profitable again. That's good news for taxpayers, as well as home buyers who count on the two companies to guarantee and finance most home loans. But some investors in Fannie and Freddie are angry. They say they deserve a share of those new profits.

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Boston Hopes Red Sox Owner Can Turn Around 'Globe'

Wednesday, August 07, 2013

In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news โ€” including the baseball coverage.

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DOJ Files Civil Charges Against Bank Of America

Wednesday, August 07, 2013

The Justice Department alleges Bank of America made false statements about the quality of $850 million worth of home-loans that it sold to investors. The move is the latest in a series of cases being brought against financial firms.

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DOJ Sues Bank Of America Over Mortgage-Backed Securities

Tuesday, August 06, 2013

The Justice Department has filed a civil lawsuit against Bank of America, alleging that the company lied to investors about the relative riskiness of the mortgage loans backing the residential mortgage-backed securities, made false statements after intentionally not performing proper due diligence and filled the securitization with a disproportionate amount of risky mortgages.

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After Five Years, Why So Few Charges In Financial Crisis?

Friday, July 26, 2013

Federal prosecutors have been successfully obtaining convictions in a range of insider trading cases. Not so when it comes to activities by banks and other firms linked to the housing collapse and financial crisis of 2008. Experts say the reasons include the complexity of the cases and priorities of prosecutors.

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Government Charges SAC In Insider Trading Case

Thursday, July 25, 2013

Federal prosecutors have filed criminal charges against one of the most famous and successful hedge funds in the world. The government alleges that SAC Capital Advisors is criminally responsible for insider trading that went on at the firm.

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Ahead Of Obama's Economic Speech, A Look At Key Indicators

Wednesday, July 24, 2013

As President Obama prepares to give what's being described as a major speech on the economy, where do things stand with jobs, wages and corporate earnings and what are the prospects for growth?

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Billionaire Hedge Fund Manager Accused Of Failing To Supervise

Friday, July 19, 2013

Friday, the Securities and Exchange Commission accused billionaire hedge fund manager Steven Cohen of failing to supervise two of his employees who have been charged with insider trading. Cohen is the founder of SAC Captial Advisors. Audie Cornish speaks with NPR's Chris Arnold.

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Federal Judge Green Lights Suit Against Private Equity Firms

Friday, July 19, 2013

The investor lawsuit claims the companies, including Blackstone, Carlyle and Bain Capital, colluded to drive down prices on hundreds of billions of dollars in takeovers.

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Congress Takes Renewed Aim At Fannie Mae, Freddie Mac

Thursday, July 18, 2013

Risky bets by the mortgage giants Fannie Mae and Freddie Mac helped to trigger the financial crisis. After being bailed out by taxpayers and put under government conservatorship, there's new momentum in Washington to dismantle the mortgage giants.

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Bernanke's Comments Lift Stocks To Record Highs

Thursday, July 11, 2013

Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. The Standard and Poor's 500 Index closed at a record high.

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In Boston, Lockdown Became Time To Spend With Friends

Saturday, April 20, 2013

The long day in Boston left many residents stuck in their homes watching TV. Some chose to congregate, and NPR's Chris Arnold went to a "lock-down party" Friday night, and spoke to happy residents after the capture of the second suspect.

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Morale Takes A Hit At Beleaguered Fannie, Freddie

Wednesday, June 27, 2012

Mortgage giants Fannie Mae and Freddie Mac have been vilified for their role in the housing collapse. Key employees have left as morale has plummeted. But the two organizations are key to the functioning of the U.S. housing market, leaving some observers concerned about the ongoing brain drain.

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