Reining It In

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Monday, June 14, 2010

The secretive world of hedge funds has transformed our financial sector. Sebastian Mallaby, senior fellow at the Council on Foreign Relations and author of the new book More Money Than God: Hedge Funds and the Making of a New Elite, tells the history of how hedge funds became central to modern global finance – and weighs in on if they should be reigned in. And David Sanger, New York Times chief Washington correspondent discusses sanctions against Iran and if they’re effective. Plus, Anthony Bourdain; and the Immigrant World Cup. 

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NYS Gov: Open for Business?

State budget negotiations are coming down to the wire in the face of a government shutdown. It's still unclear whether lawmakers will approve the latest emergency budget extender. Daily News Daily Politics blogger Celeste Katz discusses the latest.

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BP Managing Press in Gulf?

While oil is gushing into the Gulf of Mexico, information on the spill is only trickling out from BP -- and that may be the company's clear intention. David Carr, media columnist for The New York Times, talks about BP's efforts to manage press access and control the news coming out of the Gulf. Matthew Lysiak, reporter for The New York Daily News, discusses his first-hand experience of being denied access to a public beach on Grand Isle, La., one of the areas most heavily affected by the oil spill.

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Bourdain (Hearts) Food

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David Sanger on Iran Sanctions

David Sanger, chief Washington correspondent for The New York Times, discusses the UN Security Council vote to impose further sanctions on Iran – and what the effects of sanctions are.

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Hedge Rows

Sebastian Mallaby is senior fellow at the Council on Foreign Relations and author of the new book, More Money Than God: Hedge Funds and the Making of a New EliteHe discusses hedge funds and their place in the current economy.

Have you worked in a hedge fund? What do you think of their role in today's American economy? Comment here!

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Immigrant World Cup: Italy vs. Paraguay

Throughout the World Cup, we'll select random matchups and hear from each country about why their community is NYC's best in food, music, and other areas. Today: Paraguay vs. Italy.

Are you from one of these countries? Brag about it!

Why is your country's food the best?
Why is your country's music the best?
Why is your country's nature the prettiest?
Why are your people the most beautiful?
Why is your immigrant community NYC's best?
oh, and...Why is your soccer team the best?!

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