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Money Talking

New Yorkers crave informed and intelligent business and economic news. Every week, WNYC's Business Editor Charlie Herman hosts regular WNYC contributors Joe Nocera (The New York Times) and Rana Foroohar (Time) to bring you those stories. It’s a conversation that goes beyond the headlines.  Context, conversation and insight. That’s WNYC's Money Talking.

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Morning Edition

GM Recalls Another 8.5 Million Vehicles

Tuesday, July 01, 2014

The company cited new ignition switch problems and other issues, mostly in older midsize cars. The recall comes on the heels of an announcement about payments to families of those killed in crashes.

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Morning Edition

Own A South Dakota Prairie Town For $400,000

Tuesday, July 01, 2014

The owner of Swett, S.D. — population 2 — put the whole town on the market last week. By "whole" we mean 6 acres, including a bar, a workshop, three trailers and a single house.

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Skimpier Health Plans Could Impose Big Out-Of-Pocket Costs

Tuesday, July 01, 2014

Insurers and some Democratic senators say people should have a cheaper option on the health exchanges. But those plans may leave people with painfully high copays and deductibles if they get sick.

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Morning Edition

Some Home Care Workers May Avoid Bargaining Fees, Court Rules

Tuesday, July 01, 2014

The Supreme Court ruled that in-home care workers, who are paid by the state, are not similar enough to government employees to have to pay fees that help cover the costs of collective bargaining.

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Morning Edition

French Bank To Pay $8.83 Billion In Sanctions Probe

Tuesday, July 01, 2014

BNP Paribas pleaded guilty to violating U.S. sanctions law. It admitted that it helped clients in Sudan and other countries evade U.S. trade embargoes through its New York office.

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Morning Edition

High Court's Contraception Ruling Draws Strong Reactions

Tuesday, July 01, 2014

Reaction to the Hobby Lobby case was as divided as the decision itself. The justices ruled that businesses can cite religion to opt out of covering contraceptives under the new health care act.

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Morning Edition

Supreme Court Refuses To Hear Oyster Farm's Appeal

Tuesday, July 01, 2014

For decades Drake's Bay Oyster Co. leased offshore seabeds from the federal government. The lease expired in 2012 and an extension was denied. Company officials had been fighting the denial in court.

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Morning Edition

Supreme Court Ruling Draws Attention To Business Lingo

Tuesday, July 01, 2014

Monday's Supreme Court ruling regarding Hobby Lobby and contraception used the business phrase: closely held for-profit corporations. What exactly does closely held mean?

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Morning Edition

Supreme Court Wraps Up Term Issuing 2 Major Decisions

Tuesday, July 01, 2014

One order issued by the court is a major setback for President Obama's Affordable Care Act, and a victory for for-profit corporations. The other is a major defeat for public employee unions.

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WNYC News

Housing Report: Finally, More Manhattanites Are Willing to Sell

Tuesday, July 01, 2014

After months of low inventory, more owners are putting their homes up for sale thanks to rising real estate prices.

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The Takeaway

Another 8 Million Cars Recalled. Was the GM Bailout Worth It?

Tuesday, July 01, 2014

On Tuesday, General Motors announced a recall of more than 8 million additional vehicle, bringing the total number of vehicles recalled by GM this year to 28 million. Uncertainty is once again swirling around GM's future, leading many to ask the questions: Why did America bailout GM? And was it worth it?

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The Brian Lehrer Show

Fracking, Facebook and James Patterson's Free Books

Tuesday, July 01, 2014

A New York Court of Appeals ruled yesterday to allow local communities to opt out of fracking. Journalist Tom Wilber explains what this means for the future of fracking in New York State. Plus: Facebook’s mood experiment is outraging users; New York Attorney General Eric Schneiderman on super-fast high-speed trading, heroin and senior citizen scams; a look at the role of youth in the Arab Spring with Juan Cole; novelist James Patterson gives his books to 6th graders; and a discussion of the language used to describe soccer players in Spanish, on Univision. 

How Many Companies Will Be Touched By Court's Contraception Ruling?

Monday, June 30, 2014

The Supreme Court says owners of closely held corporations may exercise their religious beliefs. That covers a majority of firms, but experts question how many would want to assert religious views.

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All Things Considered

BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt

Monday, June 30, 2014

The French banking giant BNP Paribas will pay a penalty of nearly $9 billion and plead guilty to criminal charges for doing business with countries sanctioned by the U.S.

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Marketplace

06-30-2014- Marketplace- Facebook: Are You Okay?

Monday, June 30, 2014

The Supreme Court rules the ACA’s contraception provisions violate a federal law protecting religious freedom in the case of two challenging corporations. The court restricts the idea of religious liberty to corporations of a certain kind: closely held corporations, the vast majority of which are individuals or small family businesses. Some, though, are large: Hobby Lobby, one of today’s plaintiffs, is family owned and employs nearly 20,000 people. Also, the revelation that Facebook has been manipulating the feelings of its users revealed the existence of its data science division. We look at what the division does, why it’s so important to Facebook, and why knowing so much about your feelings is key to Facebook’s success. Plus, President Obama today nominates Bob McDonald, the former chief executive of Procter and Gamble, as the new chief of Veterans Affairs. McDonald will inherit a department riddled with deep-rooted problems. So what does the appointment of an outsider from the private sector say about the future of the VA? 

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BNP Paribas Agrees To Pay $8.83 Billion In Sanctions Probe

Monday, June 30, 2014

The U.S. alleges that the French bank violated U.S. sanctions laws by facilitating transactions involving Sudan, Cuba and Iran.

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WNYC News

High Court Ruling Puts New York Union in a Bind

Monday, June 30, 2014

A union must sign up members individually, following a setback in the Supreme Court.

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All Things Considered

In GM's Payout Plan, End Of The Road Is A Long Way Off

Monday, June 30, 2014

Kenneth Feinberg, who also oversaw the Sept. 11 victims fund, is administering the compensation plan for victims of General Motors' ignition switch defect. There is no cap on the total amount GM will spend, and even drivers who were drunk or distracted are eligible for compensation if the defect had any impact on their accident.

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Morning Edition

Supreme Court Ruling Affirms Hobby Lobby Victory

Monday, June 30, 2014

The court ruled Monday in a case asking whether family-owned businesses that offer employees health insurance must include contraception in their plans if they object to some forms of it.

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PRI's The World

DC cab drivers say they're fed up with the city's 'abuses'

Monday, June 30, 2014

Cab drivers in the nation's capital say they're arbitrarily fined and harassed by city inspectors — partially because many are immigrants. Once divided, they're now unionizing and fighting back.

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