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Business And Economy

The Takeaway

Congressional Efforts to Mitigate Foreclosures

Monday, October 19, 2009

This month, the U.S. Congressional Oversight Panel released a new report that looks at how effective goverment efforts have been at stemming the tide of foreclosures. It questions whether the U.S. Treasury's strategies will lead to permanent mortgage modifications for many homeowners, and expresses concern about the limited scope and scale of the Making Home Affordable program.

We talk with the chair of the panel, Elizabeth Warren, and Brian Murphy, who knows from first-hand experience the difficulties of modifying a home loan .

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The Takeaway

Takeouts: Insurance, Recaps and Trials

Tuesday, October 13, 2009

  • Washington Takeout: Julie Mason, of The Washington Examiner, talks about a report by the American Health Industry Plans that says insurance premiums will rise if senate legislation passes.
  • Sports Takeout: Ibrahim Abdul-Matin recaps Monday Night Football and Monday Night Baseball.
  • Business Takeout: New York Times reporter Louise Story looks at the first criminal trial tied to the economic collapse.

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The Takeaway

Business Takeout: Should Banks Help Pay for Health Care?

Monday, October 12, 2009

With Wall Street rebounding, some say the bailed-out banks should pony up and help other ailing industries, or directly pay for health care reform through new taxes on the financial sector. Louise Story, finance reporter for The New York Times, tells us how soon this is likely to happen.

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The Takeaway

Business Takeout: Are Prepaid Debit Cards a Good Idea?

Wednesday, October 07, 2009

We take a look at the growing trend of buying prepaid debit cards, and whether it's financially good or bad. New York Times' finance reporter Louise Story helps us figure out if this is a good way to spend your money or just a bad decision.

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The Takeaway

Business Takeout: Boost in Bank Stocks

Tuesday, October 06, 2009

We check in with New York Times finance reporter Louise Story about a rally in bank stocks.

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The Takeaway

Backstabbing Up in Down Economy

Tuesday, October 06, 2009

Incivility in the workplace is an unfortunate side effect of the recession, where jobs are scarce and everyone is aiming to hold on to whatever work they have. Takeaway contributor Beth Kobliner says there are ways to stay in-the-know without being a gossip at work. We also talk with Will Marcum, a former GM plant worker of 20 years in Pontiach, Mich., to hear about his story of office politics during the economic downturn.

"Nine times out of 10, politics – not the best person – is going to be promoted. And this, I think, is what's killing America and killing the workforce right now."
—Will Marcum, former GM plant worker in Pontiac, Mich., on why politics should not play a role in workers getting promoted

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The Takeaway

Business Takeout: Conde Nast Drops Titles

Tuesday, October 06, 2009

Conde Nast is dropping Gourmet magazine, Cookie, Modern Bride and Elegant Bride from its roster. What's the next title this magazine giant will let go? Louise Story, Wall Street and finance reporter for The New York Times, looks at the reasons why.


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The Takeaway

Business Takeout: Treasury Department Funds Misleading?

Monday, October 05, 2009

We speak with Louise Story, finance reporter for The New York Times, about new findings that say the Treasury Department may have misled the country when it declared some of the nation's largest banks "healthy."

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The Takeaway

New Unemployment Numbers Coming Out

Friday, October 02, 2009

The Bureau of Labor Statistics releases its monthly unemployment numbers this morning. To tell us what the numbers mean, we’ve got University of Maryland economist and business professor Peter Morici. We’ll also talk with those whose jobs and businesses are represented in these numbers. Michael Powell, the president and founder of Powell’s Books in Portland, Ore., joins us to tell us how his business is making it through the recession. We also speak with Sandy Cole, an unemployed office manager who lives in St. Joseph, Mich., and is currently looking for work.

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The Takeaway

Takeout: More Mortgage Help on the Way

Tuesday, September 29, 2009

This week, possibly even as early as today, the U.S. Treasury Department will unveil a new $35 billion mortgage relief plan to stabilize the housing market. The money will go to state agencies, not directly to banks and homeowners. New York Times reporter Louise Story looks at who the funds will go to and who could reap the benefits.

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The Takeaway

When Taking Time Off Is Good For Business

Tuesday, September 29, 2009

American culture has always valued high worker productivity; it’s hard to encourage people in the U.S. to take time off from work. But one company thinks it can make more money by forcing employees to get out of the office and work fewer hours. For our weekly work segment, we talk with our contributor Beth Kobliner, Boston Consulting Group's Grant Freeland and Harvard Business School's Leslie Perlow about time off's benefits for employers and employees alike.

"By working as a team to try to create that predictable time off, it forced them to actually think about how they were doing their work, as a team, and to challenge some very deeply held assumptions about how work had to be done, and to realize things could be done differently."
—Harvard Business School's Leslie Perlow, on an experiment in which business groups were required to take regularly scheduled hours off work every week

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The Takeaway

Publishing Books at Internet Speed

Tuesday, September 29, 2009

As more news stories get reported and updated multiple times a day online, they've made once-daily newspaper deadlines seem quaint. Book publishing, however, is still back in the Dark Ages when it comes to turning around publications quickly. Tina Brown, former editor of The New Yorker and current editor of The Daily Beast, wants to change that by publishing books in electronic and print form in a fraction of the current time it currently takes. We speak to New York Times reporter Motoko Rich, who wrote about this in today's New York Times: "Daily Beast Seeks to Publish Faster."

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The Takeaway

Can Michael Moore Play 'Gotcha' Anymore?

Monday, September 28, 2009

Michael Moore has come out with his own take on the financial crisis. His new movie, "Capitalism: A Love Story," follows homeowners who have been foreclosed on by big banks, and the major players in government and in the financial industry who watched it all happen. We ask the man behind documentaries "Roger and Me," "Bowling for Columbine" and "Sicko" if he can call for change with this movie, and if he can still pull off his trademark ambushes now that his profile is so prominent.

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The Takeaway

Workplace Gender Balance Shifting

Tuesday, September 22, 2009

According to the U.S. Census Bureau, we're soon likely to see a major shift in the gender balance of the working world. As early as this November, it's projected that for the first time in U.S. history, more women will be working than men. Add to this fact that 78 percent of the people laid off in the recent recession were men, and one sees a whole new picture of America's workforce.

We speak with Beth Kobliner, author of "Get a Financial Life: Personal Finance in Your Twenties and Thirties." She says the forces changing the demographics of the working world influence both men and women. Also, Sharon Meers, a former Goldman Sachs executive and co-author of "Getting to 50/50: How Working Couples Can Have It All by Sharing It All," explains what the shifts might mean for the managers and workers of small and large companies across the country.

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The Takeaway

Fed Moves Beyond Interest Rates

Tuesday, September 22, 2009

The Federal Reserve meets today against an improving economic backdrop. For once, inflation and interest rates are not the news of the day. Louise Story, finance reporter for our partner The New York Times, looks at what else the Fed is acting on right now.

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The Takeaway

Obama Goes to (Community) College

Monday, September 21, 2009

In July, President Obama spoke at Macomb Community College in Michigan about his commitment to supporting community colleges as a way to restrengthen America's economy. Following up on his promise, the president visits Hudson Valley Community College in Troy, New York, today for a speech on higher education and high tech jobs. We speak to Hudson Valley Community College Professor Rich Porter, department chair of Building Systems Technology.

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