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Business And Economy

The Takeaway

AIG Sees Biggest Sale Since Bailout

Monday, March 01, 2010

AIG will sell the Asian arm of its life insurance business to British insurance giant, Prudential P.L.C. This international sale is the biggest since AIG was bailed out by the U.S. government in 2008 and will help the company repay some of its bailout money.

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WQXR News

Senate Approves Modest Jobs Bill

Wednesday, February 24, 2010

The Senate passed a $15 billion jobs bill today by a surprisingly bi-partisan 70-28 vote.

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WQXR News

Layoffs and Budget Cuts Expected at the MTA

Tuesday, February 23, 2010

Layoffs are expected to be announced today at the Metropolitan Transportation Authority.

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WQXR News

Met Opera To Raise Ticket Prices Next Season

Tuesday, February 23, 2010

Like many arts organizations, the Metropolitan Opera is operating with a deficit. Next season, the company has announced it will try to drum up funds by upping the price of its tickets.

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The Takeaway

Tight Job Market Prompts Outlandish Interview Questions

Tuesday, February 23, 2010

In the current economy, there are more than six applicants for every job opening. As a result, employers are looking for more ways to weed through the pool of applicants and are opting for unusual screening techniques. Takeaway work contributor, Beth Kobliner, explains what job seekers can be expected to endure in the interview process these days — from online identity searches, to questions about the shape of manhole covers.

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The Takeaway

French Wine Exports Reach Record Low

Tuesday, February 23, 2010

French exports of expensive champagne and cognac suffered a record 17 percent drop last year, as people in the U.S. and Britain drank less and switched to cheaper brands. Will these market forces damage the traditional dominance France holds in the wine industry? Benedicte Paviot, correspondent with the television network, France 24 looks at the implications.

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The Takeaway

New Rules for Credit Card Issuers

Monday, February 22, 2010

President Obama signed the CARD Act back in May 2009, but the new regulations on credit card issuers took until today to come into effect. The law was designed to protect consumers from many of the hidden fees, rate changes and small print traps that cost Americans $15 billion each year, but some aspects of the bill changed along the way. Now that it's here, how will it affect your monthly statements?

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The Takeaway

Takeouts: 8 States Given Failing Grade on Pensions, US Women Win Skiing Gold, Listeners Respond to Nuclear Power Plans

Thursday, February 18, 2010

  • FINANCE TAKEOUT: A new report by the Pew Center gives a failing grade on eight states' pension funds. New York Times finance reporter Louise Story explains.
  • OLYMPICS: Daily News sportswriter Nate Vinton joins us with a look at women's Olympic skiing. American women took the top two spots in downhill skiing — including a triumphant gold for an injured Lindsey Vonn.
  • LISTENERS RESPOND: By email, phone and posts on our website, listeners weigh in on news of President Obama's nuclear power ambitions.

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The Takeaway

How to Turn your Hobby Into a Business the World Wants

Tuesday, February 16, 2010

Have you ever thought of turning your daydreams into a business? The economic climate may be stormy, but now might be the perfect time to do it − depending on where your interests lie. Justin Jones-Fosu, leadership trainer and host of WEAA's "Listen Up!" explains.

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The Takeaway

Takeouts: Privacy Issues for Google Buzz, Tough Contract Negotiations for NBA, Your Olympic Dreams

Tuesday, February 16, 2010

  • MONEY TAKEOUT: New York Times finance reporter Louise Story takes a look at Google Buzz and privacy issues.
  • SPORTS TAKEOUT: Takeaway sports contributor Ibrahim Abdul-Matin reports on heated contract negotiations between the NBA and players.
  • RESPONSES: Listeners share their dream Olympic sports.

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WQXR News

Jobs Coming, According to White House Report

Thursday, February 11, 2010

America's unemployed will have 95,000 more jobs to apply in each month of 2010, according to a 462-page report released by the White House today.

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The Takeaway

Unemployment's Long Term Impacts

Thursday, February 11, 2010

Overall unemployment numbers for January dropped slightly below ten percent, but for particular groups – adult men, African Americans and immigrants – unemployment is still higher than average. 

Today we’re looking at the long term impacts of high unemployment. Could this recession shape a generation, as the Great Depression did? Do unemployed Americans still think of their country as a land of opportunity?

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The Takeaway

Takeouts: Bernanke's Plan to Raise Interest Rates, Test Driving Google Buzz

Thursday, February 11, 2010

  • MONEY TAKEOUT: New York Times finance reporter Louise Story reports on a plan by fed chief Ben Bernanke to raise interest rates.
  • TECH TAKEOUT: Yesterday, Google unveiled Buzz, a new social networking service that lets Gmail users share short status updates in much the same way they might on Twitter or Facebook. Is it the next big thing? Will it take Twitter down? Or is Google just inserting itself into another arena where it's not wanted? Fast Company tech blogger and Wired writer Cliff Kuang has used Buzz and shares his opinions.

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The Takeaway

Takeouts: The Dow's Dip

Tuesday, February 09, 2010

Louise Story, business and finance reporter for The New York Times, talks to us about the Dow's dip below 10,000. Why is this the magic number?

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The Takeaway

Love at Work: The Perks and the Perils of an Office Romance

Tuesday, February 09, 2010

In the run-up to Valentine's Day, our conversation about the workplace tackles the issue of romances with colleagues. Is there a right way to do it? Can it get you fired?

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WQXR News

Toyota Recalls Hybrids in U.S. and Europe

Tuesday, February 09, 2010

The recall is official: Toyota is recalling about 437,000 Prius and other hybrids worldwide for brake problems.

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The Washington Report

WQXR's The Washington Report

Monday, February 08, 2010

David Sanger of The NYT on last week's global stock market plunge, the U.S. deficit and Washington's upcoming health care summit.

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The Takeaway

Mixed Legal Decisions for Bank of America

Friday, February 05, 2010

Yesterday the headlines about Bank of America came fast and furious. The Security and Exchange Comission came to a new settlement deal with Bank of America for $150 million; now it has to be approved by the same judge who threw out a much smaller penalty last year. Louise Story, business and finance reporter for The New York Times, helps us decode the legal actions.

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WQXR News

Toyota's CEO Apologizes to Drivers for Recall

Friday, February 05, 2010

Meanwhile, the carmaker may recall 270,000 Prius hybrids over brake issues. 

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WQXR News

US Investigates Toyota Prius

Thursday, February 04, 2010

The department opened its investigation into the 2010 model of the hybrid this morning.

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