Joe Nocera is an op-ed columnist with The New York Times and a regular contributor to WNYC. He has been reporting on business and finance for three decades in such publications as Fortune, Esquire, Texas Monthly, Newsweek, and joined the Times as a business columnist in April 2004. His most recent book, co-written with Bethany McLean, is All The Devils: The Hidden History of the Financial Crisis, their best-selling account of the financial crisis.
It's been seven years since the financial meltdown, and more than 10 million people are still out of work across the country. Money Talking asks why CEO pay continues to rise as the economy limps along.
Why did it take GM over a decade to respond to a defect the carmaker has linked to 13 deaths and dozens of accidents? And has high-frequency trading rigged the stock market? Joe Nocera of the New York Times and Rana Foroohar of Time discuss.
As President Obama tightens the screws on wealthy Russians, they might have to chose between their love for the motherland land or their pocketbooks.
Congress moves to get the government out of the mortgage business.
In Ukraine, what started as an economic crisis has turned political. What will it take to resolve the stalemate?
The looming crisis is getting closer — and it’s keeping elected officials like Chris Christie up at night. Here’s how cities and states are finding billions to fix the problem.
The FCC is renewing its efforts to pass net neutrality rules to keep the internet free and open. These days, we can't live without the web, just like we can't live without water or power. So, should the government regulate internet access like a utility?
Friday is the final day of voting for what could be a different type of relationship between management and labor in this country, and it's happening in a place not usually associated with unions: Tennessee.
CVS made big news this week when it announced it will stop selling tobacco products by October. The move comes as the drugstore chain has been transitioning away from retail and opening more in-store health clinics. This week on Money Talking examines how the decision could affect the company's bottom line, what it has to do with Obamacare and whether Walgreens is likely to follow suit. Plus, a look at Twitter's first earnings report since its IPO.
A group of football players at Northwestern University are attempting to organize and join a labor union. It’s the latest move in the complicated relationship between the NCAA and its athletes, some of whom believe they should be payed and protected as workers. Joe Nocera, columnist for our partner The New York Times, says these student athletes should be able to form a union. Former NCAA athlete Ibrahim Abdul-Matin agrees. Ibrahim is a former linebacker at the University of Rhode Island and an NCAA scholar-athlete.
This week on Money Talking, what's up with the recent slide in the stock market? And is hosting a Super Bowl a good financial bet for the host city?
It isn't traded on the New York Stock Exchange — not yet, at least — but it does have a brand new "center" just down the street. It's not backed by any government, but its growing popularity is prompting regulators to step in and ask if they should turn on the lights and pull back the punch bowl. It's the virtual currency "bitcoin," and it's coming to a digital wallet near you.
The President announces new guidelines for NSA surveillance. Tech CEOs prepare gather with other business and world leaders at the World Economic Forum in Davos, Switzerland. And Target tries to soothe customers’ fears after hackers obtain millions of credit and debit card accounts. What's the connection? It’s all about our personal data. On Money Talking, why everyone – governments, companies, and hackers – want it: Privacy, people and the bottom line.
Janet Yellen will be the first woman to head the the Federal Reserve when she takes over at the end of January. How much will the world's most powerful central bank change under her leadership?
There were signs of bipartisanship in Washington this week as budget negotiators announced a two-year budget deal that will hopefully avert another shutdown. Now, will the economy start growing faster?
Across the country, cities and states are trying to figure out how to address the growing public pension crisis. Collectively, they're underfunded by an estimated $1 trillion.
A lot of iconic companies in the tech sector like HP, Cisco and Blackberry have been struggling recently.
Healthcare.gov launched more than seven weeks ago and its diagnosis isn't looking good so far.
Janet Yellen is poised to become the new head of the Federal Reserve. If she's confirmed by the Senate, she would arguably become the most powerful woman in the U.S. economy, with the power to keep interests rates low, prevent inflation and attack unemployment.
This week, voters elected Bill de Blasio as New York City's new mayor by a decisive margin. Now, can he deliver?