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The nation's two largest secondary mortgage corporations, Fannie Mae and Freddie Mac, say they'll stop buying subprime mortgages in New York State. WNYC's Ilya Marritz has more.

REPORTER: The trigger was Gov. David Paterson's signature on a new law intended to help subprime borrowers about to lose their homes.

The law creates ...

Former White House Chief of Staff John Podesta talks about the historical context of progressivism in America, and explains why he thinks progressive politics can help the U.S. save our economy and our climate. His new book is The Power of Progress.

Weigh in: What's your definition of progressive ...

A City Council Member thinks it would be worth it to let corporations pay the Metropolitan Transportation Authority to put their logos on subway stations.

Joseph Addabbo, who is running for state Senate, says the idea is just one way to lessen the need for a fare hike, which the MTA ...

From Connecticut to Atlantic City to Las Vegas, casinos are taking concert business away from arenas. Recently, Billy Joel passed up Hartford's civic center in favor of Mohegan Sun, and tours by The Eagles and The Who are stopping at the Borgata in Atlantic City. Today we look at what's ...

Even by Bloomberg Administration standards, rebuilding Willets Point in Queens is a massive development project. This summer, the city proposal to tear down the industrial district near Shea Stadium, known for its auto repair shops, and build housing, retail and a convention center has been steadily clearing hurdles. At the ...

In the ongoing rivalry between New York City and London, a new report suggests that NYC beats out London on safety and affordability. Rosemary Scanlon, Associate Professor at NYU, and Nik Sindle, London producer for the Takeaway, join us to discuss the new findings.

During 2006 and 2007, the Department of Interior awarded over $430 million in small business contracts to corporate giants like Xerox and John Deere. We look into how that happened, and whether that’s part of a larger pattern of directing small business money to large corporations. Lloyd Chapman is president ...

American Airlines' baggage handling system at Kennedy Airport is up and running again a day after a software glitch caused dozens of delays, some cancellations, and a luggage pileup at ticket counters.

American had canceled six flights scheduled to depart from JFK this morning.

The malfunction led to five cancellations and delays ...

New York is suing banking giant UBS for fraud, saying the company promoted auction-rate securities to its clients, even as the $330 billion ARS market was collapsing last fall.

REPORTER: Eric Corngold is a deputy with State Attorney General Andrew Cuomo, and says bank executives were pulling their own personal investments ...

Guns 'n' Roses will release one song from its long-overdue, much-leaked album "Chinese Democracy" on the new Rock Band 2. Metallica is making every song from the upcoming “Death Magnetic” available on the latest versions of Guitar Hero. And Wii Music lets Nintendo geeks simulate the playing of 60 different ...

Music industry watchers have been obsessed with the future of hip hop practically since the moment rap was born 30 years ago. But sales were down 30% in 2007 and superstars like 50 Cent have lost their luster. We talk about hip-hop's soul-searching journey into the future, and longtime MC ...

Summer festivals like Bonnaroo and Lollapalooza are billed as critical cultural events wrapped up in the greatest party on the planet. But with soaring ticket prices, searing heat, tired line-ups, and defective port-o-potties, are they really such fun? Today, Annie Holub, contributor for Pop Matters, and Mark Guarino, music writer ...

Four-dollar-a-gallon gas prices are hurting the summer-concert business, as fans stay home and top and festivals take box-office hits. Rolling Stone reporter Steve Knopper explains.

In a time when CD sales are tanking, British rock band Coldplay's new album is a hotseller. "Viva La Vida or Death and All His Friends" is the number one record in America for a second week in a row. But is the record really that good? We debate Coldplay’s ...