Rana Foroohar is the Assistant Managing Editor in charge of Economics and Business for Time magazine. She's also Time's economic columnist. Previously, Foroohar was an economics editor and foreign correspondent for Newsweek magazine. She is the recipient of numerous journalism awards, and is a frequent commentator on business for CNN, MSNBC, and the BBC. Foroohar is a life member of the Council on Foreign Relations.
This week, Money Talking explores whether individuals and businesses can trust the internet when much of what's happening on the web makes people squeamish, anxious or downright scared.
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.
The 1 percent pushes back against the rise of populism.
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.
Chicago's Sarah E. Goode STEM Academy is working to prove that the old way maybe isn't always best. At Sarah E. Goode, students attend high school for six years, graduating with a high school diploma and an associate's degree. Rana Foroohar, assistant managing editor at Time Magazine reported on this story in a cover story for the latest edition of the magazine. Stan Litow, IBM vice president of corporate citizenship and one of the innovators behind the Sarah E. Goode school explains what his dreams for this model look like.
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.
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.
Highlights From Today's Show: Janet Yellen was confirmed as the new Chair of the Federal Reserve just a week ago, becoming the first woman to hold the post....Who is to blame for the fall of Fallujah and the continuing violence and instability in Iraq?...Amiri Baraka, the fiery poet and playwright, died yesterday at the age of 79...
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?
This week on Money Talking, Rana Foroohar of Time magazine and Ben White of Politico weigh in on what companies and lawmakers need to do in 2014 to keep the U.S. economy moving in the right direction.
From a fast-food, minimum wage worker to a banker on Wall Street, a lot is changing in what people are getting paid.
Over this past year, there were increases in both high-end jobs and low-end service jobs. But the types of jobs that so many Americans rely on—those in the middle market—just aren’t being created. And if that doesn’t change soon, it could spell danger for the economy in 2014 and beyond. Rana Foroohar, Assistant Managing Editor of Time Magazine, lays out the problem—and how it might be solved.
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?