Lisa Chow

New York, NY —

Congressman Charles Rangel met with business and labor leaders in New York City today to answer their questions about the federal stimulus package.

The group included CEOs Ken Chenault of American Express and Bob Greifeld of NASDAQ and union leaders Randi Weingarten of the American Federation ...

New York, NY —

A new study finds that New York City pays an average of $107,000 per municipal worker in wages and benefits. The Citizens Budget Commission says that figure has grown by 63 percent since 2000. WNYC's Lisa Chow reports.

REPORTER: The commission says paying out pension benefits ...

New York, NY —

Everybody knows the story by now. Millions of bad mortgage loans started a chain reaction which brought down financial institutions all over the world. And these loans are still creating huge losses for U.S. banks. Yet, some investors are jumping at the opportunity to buy ...

New York, NY —

A new study finds civil servants with six-figure compensation packages are the norm in New York City with firefighters making, on average, $186,000 a year, and police officers, $164,000. The study, by the Citizens Budget Commission, says the average city worker's salary and benefits has ...

New York, NY —

Manhattan's real estate brokerage firms have released their fourth quarter numbers. And they show signs of continued softening in the housing market. Sales are down. More apartments are sitting on the market longer. And sellers are being forced to lower their asking prices by more ...

New York, NY —

Governors Paterson and Corzine are calling for a $1 trillion federal stimulus package, to help them deal with massive shortfalls in their budgets.

Paterson and Corzine joined the governors of Massachusetts, Ohio and Wisconsin in a conference call with reporters last hour to advocate for investments ...

New York, NY —

An East Village New Years tradition has come to a close. About 100 poets, artists, singers, and dancers performed until midnight last night at the annual New Year's Day Marathon Reading at Saint Marks Church. Performer Nicole Peyrafitte says 2008's sour economy hasn't really affected ...

New York, NY —

In today’s financial crisis, regulators and mutual fund managers are throwing out their playbooks. So are high school economics teachers. WNYC’s Lisa Chow goes up to the Bronx and finds out how one group of students is reacting to the troubles down on Wall Street.

New York, NY —

Retailers report sales are down this season 40 to 50 percent.

New York, NY —

Foreclosure filings in New York City are down by more than a half, compared to this spring, according to nyforeclosures.com, which publishes data in the five boroughs.

REPORTER: Jessica Davis is the publisher's president and says the drop can be attributed to a state rule that ...

New York, NY —

Representatives for auto workers and car dealers in New York State say if Congress doesn't approve a rescue package for the Big Three automakers, hundreds of the state's dealers and suppliers could go out of business, and New York's municipal governments could lose millions of ...

New York, NY —

Representatives for auto workers and car dealers in New York State say if Congress doesn't approve a rescue package for the Big Three automakers, hundreds of the state's dealers and suppliers could go out of business and New York's municipal governments could lose millions of ...

New York, NY —

Department stores will be watching the numbers closely today. The day after Thanksgiving has historically been the busiest shopping day of the year. It's called Black Friday because it's when US stores go into the black, or turn a profit, with major sales. Jerry Storch ...

New York, NY —

Hundreds of Indian-Americans crowded into a Hindu temple in Queens for a prayer service for those killed or wounded by Islamic extremists in Mumbai.

One worshipper, Ram Mohan had some hard words for the Indian government, saying officials there needed to get their priorities straight in ...

New York, NY —

Organizers of the Macy's Thanksgiving Day Parade say more than one million people came out to watch the parade, with another 50 million watching on television.

Tommy Rudder was one of the revelers along the 2.5 mile route, from 77th Street and Central Park West to ...

New York, NY —

A New York-based Jewish group is asking its members to pray for a rabbi and his wife, following a terrorist attack on one of their offices in Mumbai, India. Chabad Lubavitch says Rabbi Gabriel Holtzberg and his wife, Rivka, were held hostage in Mumbai.

The Associated ...

New York, NY —

AIG's CEO will only get a one dollar salary this year and next and the troubled insurer's seven top executives won't get bonuses, after New York Attorney General Andrew Cuomo asked for details on executive pay packages in light of the $150 billion AIG is ...

New York, NY —

The options for New York-based Citigroup appear to be dwindling along with its stock price.

REPORTER: The banking giant's shares fell below $4 Friday. Analysts say the company may be forced to merge or sell some of its prized businesses. If so, New York City would ...

New York, NY —

Maybe you’re checking the stock market every day, a few times a day, or never … particularly in a week like this. Investors saw another bottom yesterday, when the Dow closed at its lowest level in six years. WNYC’s Lisa Chow went to an office ...

New York, NY —

The tables have turned in the New York housing market. Buyers used to have to compete against several bidders for the same apartment. Now, brokers say buyers have a lot more bargaining power, and developers are offering interesting incentives to get people to buy. WNYC's ...