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Debt Crisis

The Brian Lehrer Show

Civil Society in Decline

Wednesday, June 19, 2013

Niall Ferguson, Harvard professor of history and the author of The Great Degeneration: How Institutions Decay and Economies Die (Penguin, 2013), warns that Western democracies have entered a phase of decline.

 

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The Brian Lehrer Show

Cyprus and the Latest Debt Crisis

Tuesday, March 19, 2013

Cyprus is the latest EU country to face bankruptcy - and potentially bring down the rest of the region with it. Joseph Cotterill, reporter for Financial Times Alphaville blog, discusses the EU's efforts to tax bank deposits - including those of regular Cyprians - and the fierce resistance to the plan.

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The Takeaway

Tackling the Coming Debt Ceiling Crisis

Friday, January 11, 2013

The national borrowing limit is set at $16.4 trillion, but that limit needs to be raised in order for the Treasury Department to continue to be able to pay for what Congress has already approved. If Congress doesn't agree to the increase, the President has warned that the consequences will be "catastrophic." Meanwhile, Congressional Republicans have been threatening to demand spending cuts before agreeing to raise the debt ceiling. Joe Weisenthal, deputy editor of Business Insider, lays out the options for tackling the coming crisis.

 

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It's A Free Country ®

Debt in State Government Hits Fever Pitch

Tuesday, June 26, 2012

At the state level, exploding fiscal debt comes as Washington is on a to dramtically cut discretionary domestic spending on local aid.

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The Takeaway

Markets React to the New Euro Pact

Monday, December 12, 2011

European leaders have drawn up a new fiscal accord. In the new agreement, the European nations agreed on tighter budget regulations as part of an effort to reassure investors that the euro is a stable currency. "The most important question from our citizens, from our financial markets, our investors, are we 17 in the euro zone or are we one?" said Jerzy Buzek, the president of the European Parliament, on Friday. "Now is the answer. We are one."

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The Leonard Lopate Show

Backstory: Slovakia's Rejection of the Eurozone Debt Plan

Thursday, October 13, 2011

On Thursday, Slovakia's parliament approved the latest proposal to address the Eurozone's debt crisis, but it was the second time that the measure came to a vote this week. On Tuesday, the parliament had rejected it. On today’s second Backstory, Peter Spiegel, Brussels Bureau Chief for the Financial Times, discusses some of the reasons behind the rejection and how the Eurozone’s smaller countries feel about the plans to stabilize the economy that have been developed by the larger economies of France and Germany.

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WNYC News

Dow Closes 400 Points Lower on Worries Over Sluggish Economy

Thursday, August 18, 2011

The Dow Jones industrial average dropped 419 points to close at at 10,990.58. It recovered slightly from this morning's plummet of 500 points, as stocks fell around the world on fear of more economic weakness.

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The Takeaway

European Leaders Try to Solve Debt Crisis

Wednesday, August 17, 2011

European shares have fallen today after a meeting between French President Nicholas Sarkozy and German Chancellor Angela Merkel failed to calm investors' fears that the debt crisis could spread. The two leaders agreed that more economic integration is needed between the countries in the Eurozone during a meeting yesterday.

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It's A Free Blog

Opinion: Obama's Job Plan - Another Promise when We Need Action

Tuesday, August 16, 2011

The president has been telling us "I will" for a long time. The American people, though, don't need a promissory note. We don't need to be tantalized by a trailer for a fall blockbuster.

-Justin Krebs, It's A Free Country blogger.

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WNYC News

All That Glitters Is Gold: Price of Precious Metal Reaches All-Time High

Tuesday, August 16, 2011

Gold was flying off the shelf in midtown Manhattan as the price of gold reached an all-time high amid a wild week on Wall Street. And although experts say fear was driving gold prices — not the markets — there were no signs that the demand for the metal would abate, or that its price would significantly drop in the long term.

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It's A Free Blog

Stucknation: America's Debt Addiction is About Character, Not Numbers

Wednesday, August 10, 2011

We have permitted debt and speculation to hollow out America's core. We mistake playing the margins, the spread and the angles as the surest way to prosperity.

-Bob Hennelly, It's A Free Country columnist.

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WNYC News

Stocks Drop as Attention Returns to Weak Economy

Wednesday, August 10, 2011

The Dow Jones industrial average closed down 520 points Wednesday on a day that concern over the weakening economy continued to percolate on Wall Street and send stocks tumbling.

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WNYC News

Q&A | 5 Questions With an Investor on 401Ks After Stocks Swing

Tuesday, August 09, 2011

After another volatile day on Wall Street, WNYC checked in with Erika Safran founder of Safran Wealth Advisors, to see how her clients — many retired and living off of their 401Ks and investments are reacting.

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WNYC News

Look | A View from the Floor of the Stock Exchange

Tuesday, August 09, 2011

PHOTOS. Take a peek at the New York Stock Exchange as stocks rose slightly on Tuesday following the worst day for stocks since 2008.

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WNYC News

Stocks Swing Wildly After Fed Statement

Tuesday, August 09, 2011

Stocks swung wildly before rallying Tuesday after the Federal Reserve expressed growing concern about the direction of the economy, following the worst day for stocks since 2008. Meanwhile, the volatility in stocks has traders recalling memories of crises past at the New York Stock Exchange.

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WNYC News

Meet the Man Who Downgraded the US Credit Rating

Tuesday, August 09, 2011

John B. Chambers, one of three credit analysts at Standard & Poor's who downgraded the U.S. credit rating from AAA to AA+ on Friday, lives in New York City, received an MA in English literature at Columbia University and got his financial start with the second largest bank in Djibouti.

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WNYC News

Q&A | 5 Questions With Economist Editor on the Debt Crisis

Monday, August 08, 2011

Standard & Poor's downgraded the U.S.'s credit rating agency, and economists had mixed reactions. WNYC spoke with Steven Leslie, managing editor of financial services for the Economist Intelligence Unit.

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WNYC News

Bites | Times Columnist Joe Nocera Says U.S. Is on Brink of Recession

Monday, August 08, 2011

The Dow Jones closed down 634 points on the first trading day since Standard & Poor's downgraded the U.S's credit rating, falling below 11,000 for the first time since November. The sharp drop on Monday extended Wall Street's almost uninterrupted decline since late July, when the Dow was flirting with 13,000.

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WNYC News

Q&A | 5 Questions With Columbia Business School Professor on the Debt Crisis

Monday, August 08, 2011

Standard & Poor's downgraded the U.S.'s credit rating agency, and economists had mixed reactions. WNYC spoke Andrew Ang, the Ann F. Kaplan Professor of Business, Chair of the Finance and Economics Division, at the Columbia Business School.

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WNYC News

Top 10 Reads About the Debt Crisis

Monday, August 08, 2011

President Barack Obama defended U.S. credit saying "no matter what some agency may say, we’ve always been and always be a AAA country." Take a look at what others are saying about the downgrade and its impact.

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