Thursday, July 31, 2014
Monday, August 20, 2012
Richard Duncan explains how credit creation and consumption created a new economic dynamic and why he thinks the global recession is in danger of becoming another Great Depression. In The New Depression: The Breakdown of the Paper Money Economy he explains the economic calamity now unfolding: its causes, the government's policy response to the crisis, and what is likely to happen next.
Friday, May 11, 2012
This week we'll find out about credit reports and credit scores and how to manage them effectively. Jeffrey Blyskal, senior editor of Consumer Reports, joins us to explain how they work and what they mean.
If you have a question, call 212-433-9692 or leave a comment below.
Thursday, January 12, 2012
The Journal of Consumer Research recently published a study called "Overestimating Others' Willingness to Pay" which outlines the "overvaluing bias": the tendency to overvalue what another person would pay by nearly 40 percent. While this phenomenon is not new to social psychologists, it clearly influenced the years of easy credit and has more broadly moved Americans away from cash to credit cards.
Tuesday, September 20, 2011
Open a newspaper, go on the internet, or turn on the TV, and you're likely to hear a diagnosis of what will cure the ailing economy. Revising the tax code, reducing the deficit, super committees — all distractions, according to New York Times op-ed columnist Joe Nocera. He calls the political back-and-forth in Washington "meaningless noise." The real problem, Nocera says, is a lack of available credit.
Tuesday, April 19, 2011
Standard & Poor's announced Monday that they have downgraded the United States' credit outlook from “stable” to “negative” for the first time since they began issuing those ratings in 1989. The new rating has been interpreted by many as a direct warning to the U.S. government to come up with an agreement on the debt ceiling and the federal budget — as quickly as possible. David Wyss, Chief economist at Standard & Poor’s, New York, and Louise Story, Wall Street and finance reporter for our partner The New York Times, explain what the rating really means, and what the U.S. can do about it.
Thursday, February 24, 2011
By Alec Hamilton : Assistant Producer, WNYC News
Tuesday, June 01, 2010
A.I.G.'s board has rejected a plan to sell its Asian life insurance arm to Prudential, which would have provided the U.S. government with its first major bailout repayment. The New York Times finance reporter, Louise Story, explains why A.I.G.'s shareholders are holding out and what this means for the taxpayer.
Wednesday, April 07, 2010
Each week in our "Do-It-Yourself Bailout" series, we talk about how we can all get into better financial shape and bail ourselves out of debt. This week: credit scores.
Wednesday, March 03, 2010
- MONEY TAKEOUT: Lawmakers are taking to action to try and ban employers from running credit checks on potential employees. Louise Story, finance reporter for The New York Times tells us more.
- SPORTS TAKEOUT: The NFL's Scouting Combine ended Tuesday. Ibrahim Abdul-Matin, Takeaway sports contributor, talks about who he thinks shined in the annual event.
Monday, December 07, 2009
At last week's White House Jobs Summit, small business owners from across the country pressed President Obama on dozens of issues related to the economic downturn. Credit, though, was a central issue: The credit crunch has prevented thousands of businesses from obtaining loans to expand, shift gears, or even just fund day-to-day operations. Today, Maryland governor Martin O'Malley will unveil a strategy intended to help small business owners get credit. One such business owner, Dawn P. Jackson, is the owner of NuDawn Marketing Group in Maryland and president of Women Business Owners of Prince George's Country. Dawn hoped to expand her small marketing business, but she has been discouraged from applying for credit after several banks told her that she was unlikely to get any. Maryland's Secretary of Commerce, Christian Johannson, joins us with a preview of what the governor's plan entails.
Tuesday, November 03, 2009
- Congress Takeout: Todd Zwillich talks about how House Democrats are hoping to vote on their version of a health care reform bill later this week, while Republicans launch a media campaign opposing it.
- Money Takeout: Credit reporting agencies are required by law to provide you a free report every year … but that hasn't stopped them from writing insanely catchy jingles to draw customers towards paid options. Louise Story, finance reporter for our partners The New York Times, joins us to discuss when "free" actually means "expensive," and what the FTC is trying to do about it.
- Sports Takeout: Ibrahim Abdul-Matin recaps Monday Night Football, as the Atlanta Falcons faced the resurgent New Orleans Saints.
Tuesday, August 11, 2009
Monday, July 27, 2009
Thursday, May 07, 2009
—Congressional oversight panel Chairwoman Elizabeth Warren on the economic state of American families
Click here to hear Elizabeth Warren's discussion of TARP and her role overseeing the multi-trillion dollar fund.
To read an excerpt from Elizabeth Warren's book, All Your Worth: The Ultimate Lifetime Money Plan, click here.
Monday, April 20, 2009
—New York Times business reporter David Streitfeld on debt consultants
For more, read David Streitfeld's article, Debt Settlers Offer Promises but Little Help
Ads like this one from In Charge Debt Solutions offer consumers hope that they can help resolve disputes with debt colletors:
Thursday, November 08, 2007