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Business And Economy

The Takeaway

Behavioral Tricks to Get Yourself to Save

Wednesday, April 14, 2010

Think you’ve tried everything to save more money but are still coming up short of your goals? Here are five tips to boost your bottom line, based in the increasingly popular field of behavioral economics.

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The Takeaway

DIY Bailout: How to Trick Yourself to Save Money

Wednesday, April 14, 2010

The government bailout of the big banks on Wall Street is still headline news. But nobody we know got a bailout, and lots of people are trying to figure out how to make it through the recession. Takeaway contributor Beth Kobliner, author of "Get a Financial Life", is helping us construct our own bailout; this week, she teaches us now to trick ourselves into saving money.

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The Takeaway

Market Capitalism Finds its Way to Cuba, Slowly

Tuesday, April 13, 2010

Small beauty salons, with 3 seats or less are being privatized in Cuba. Fidel Castro nationalized all small businesses in 1968 and now his younger brother, Raul Castro is trying to modernize the system without jumping to full scale capitalism. The move is significant for small business owners who are not accustomed to working for themselves and will now have to pay rent for their locations and pay taxes.

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The Takeaway

Takeouts: Lehman Brothers' 'Alter Ego' Firm, Trouble for the Steelers

Tuesday, April 13, 2010

  • Financial Takeout: A front page story in today’s New York Times reports that Lehman Brothers used a small company it owned in order to funnel billions of dollars through its coffers to ship debt off its books. Takeaway financial contributor Louise Story, who reported that story, explains.
  • Sports Takeout: The Pittsburgh Steelers made some news yesterday as their star quarterback, Ben Roethlisberger had sexual assault charges against him dropped, but more trouble lurks ahead. Ibrahim Abdul-Matin has the latest.

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The Takeaway

The People or the Politicans: Who Pays More for Tax Dollars?

Tuesday, April 13, 2010

This Thursday is Tax Day in America, the last day to either file your annual income taxes or file for an extension. But in this political climate we're asking, who pays more when it comes time to ask for tax money, you or your politicians?

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The Takeaway

Transportation Sec. Levies Heavy Fine on Toyota Corp.

Tuesday, April 06, 2010

In a statement released yesterday, U.S. Transportation Secretary Ray LaHood said he intends to levy a $16.4 million fine, the largest allowed by law, against embattled, multinational Toyota Motor Company.  

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The Takeaway

Takeouts: Businesses Profit off the Bad Economy, NCAA Championship Predictions

Monday, April 05, 2010

  • BUSINESS:  A little-known company in St. Louis has come to dominate a thriving industry by helping employers process, fight and beat unemployment claims. New York Times reporter Louise Story explains how the TALX Corp. is turning a busted economy into a booming business model.
  • SPORTS: Which of the two finalists, Butler or Duke, will bring home the national championship? Takeaway sports correspondent Ibrahim Abdul Matin previews tonight's big college basketball game.

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WQXR News

Broadway Revenues Rise Over 4 Percent

Thursday, April 01, 2010

Theatres have made more than $228 million at the box office so far this year, compared to around $216 million this time last year, according to The New York Times.

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The Takeaway

Proposed Postal Cuts Will Curb Netflix Deliveries

Wednesday, March 31, 2010

With the United States Postal Service's proposal to stop Saturday deliveries, you may only be able to get your Netflix choices five days out of the week instead of six. Ethan Epstein, a blogger for Truth/Slant, and contributor to Slate magazine, shares how Netflix will be affected if Saturday deliveries become a thing of the past.

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The Takeaway

Takeouts: Oil Prices Stabilize, NCAA Women's Final Four

Wednesday, March 31, 2010

  • FINANCE TAKEOUT: As a natural resource, crude oil is arguably the keystone of our entire global economy. It seeps in to the cost of every aspect of our travel, business, development, production and even how we farm our food. New York Times Wall Street and finance reporter Louise Story says that while it’s been an historically tumultuous decade for international oil trade that,  these days, the price of oil is staying relatively still.
  • SPORTS TAKEOUT: Last night UConn took on Florida State University and the University of Kentucky went up against Oklahoma. Sports correspondent Ibrahim Abdul-Matin, recaps last night's women's Final Four, in the NCAA Basketball Tournament.

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The Takeaway

Setting Your Own Hours at the Workplace

Wednesday, March 31, 2010

Feel restricted by that nine-to-five job? Or feel like your job is preventing you from enjoying your family or other things you find important in your life? President Obama and the first lady are trying to help. Today, the White House is holding a forum with CEO's, labor leaders and small business owners to look for "strategies for making the workplace more flexible." But how easy is it to set your own hours at the office?

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The Takeaway

Ford Sells Volvo to Chinese Conglomerate

Monday, March 29, 2010

Volvo is becoming a Chinese car company. Ford announced that it sold the Swedish car brand that it bought 11 years ago. Chinese conglomerate, Zhejiang Geely, is paying a third of what Ford originally paid for Volvo. Keith Bradsher, New York Times Hong Kong bureau chief, explains more about the buyer, the price and the future of Volvo.

UPDATE: On air (although not in the printed article), Bradsher said that Saab assets had been sold to Chinese car manufacturers and the rest of the company was being shut down. In fact, GM originally agreed to sell old Saab tooling to Beijing Automotive, but after starting to shut down Saab's ongoing operations, GM reversed itself and sold the company to Dutch car maker Spyker earlier this year.

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The Takeaway

Risk and Reward: The Real Cost of Doing Business in China

Wednesday, March 24, 2010

This week Google shut down its search operations in mainland China. Now Chinese Googler’s are getting sent to a Hong Kong domain, but it's unclear how much longer that will last. So why did the search giant pull out of a country that seems to represent so much economic opportunity for other multinational corporations? New York Times columnist Nicholas Kristof and Brookings Institution analyst Kenneth Lieberthal try to answer.

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WQXR News

Some Funeral Homes Overcharging Customers

Wednesday, March 17, 2010

City officials say last rites may have been costing customers more than the going rate.

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The Takeaway

Sen. Chris Dodd Fights for Tougher Bank Regulations

Tuesday, March 16, 2010

Sen. Chris Dodd introduced a bill yesterday to tighten regulations on financial institutions. The bill gives the government new authority to police banks and prevent them from becoming too big to fail. Although the bill speaks to widespread anger among Americans about the bank bailout, it still lacks bipartisan support.

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The Takeaway

Depression-Era Job Tips From a Grandpa

Tuesday, March 16, 2010

According to Newsweek, recent high school and college graduates aren’t asking their parents for vocational and financial advice. Instead, they’re turning to their depression-era grandparents. After all, their grandparents survived a time when the American unemployment rate was 25 percent, while their parents came of age well after that devastating time and well before the recession of today.

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WQXR News

Greek Youth and Police Clash in Labor Riots

Thursday, March 11, 2010

Demonstrators are protesting salary cuts in the billions of dollars, as well as hiring and pension fund freezes.

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The Takeaway

The Oscar's Losers: Cablevision Subscribers

Monday, March 08, 2010

You’ll be hearing a lot about the winners of last night’s glamorous Oscars, but you may not hear about its millions of losers. A dispute between Cablevision and ABC left more than three million New York area cable subscribers unable to see last night’s awards ceremony.

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The Takeaway

'Botox' Your Resume

Tuesday, March 02, 2010

Older Americans—those over 45—have been hit especially hard by the recession. They make up 32 percent of the unemployed, and they constitute a whopping 38 percent of those who are out of work for 27 weeks or longer, according to the Bureau of Labor Statistics. In a world where older people are still discriminated against when it comes to hiring, how can you make sure the “you” that employers encounter first is accurate and professional representation of your best self? Here’s what you need to know.

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The Takeaway

How Will Chile's Quake Affect the Global Economy?

Monday, March 01, 2010

The Chilean quake will have immediate and significant repercussions for the global economy, particularly affecting the copper market. Chile is the largest producer of copper and the earthquake forced the closure of Santiago-based copper mines, which means a spike in prices. New York Times Wall Street and finance reporter Louise Story explains.

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