Top Business Stories of 2012
Friday, December 14, 2012
Ever since the presidential election, the business press has been consumed with the negotiations in Washington to avoid the December 31st fiscal cliff.
The details of any deal that's eventually brokered will have a tremendous impact on Wall Street and Main Street, and the impending cliff has come to inform the way we look at almost everything, from holiday spending to unemployment to the stock market.
But as is often the case, a dominant story can overshadow other events, even dramatic ones, like scandals. Remember LIBOR? What about the various glitches in high-frequency trading in 2012?
This week on Money Talking, WNYC contributors Joe Nocera with the New York Times and Rana Foroohar with Time magazine debate which business stories and scandals from the last 12 months will continue to have an impact on the business world in 2013.
Among other topics, they weigh in on whether we can expect to see more criminal prosecutions of companies and individuals involved in bringing on the financial crisis.