Tuesday, March 16, 2010
UPDATED: 8:10 p.m.
Alex Goldmark, Senior Producer, here on the evening shift.
We continue to follow the developments in health care reform, clashes in Israel, and of course the NCAA tournament. Our curiosity was also piqued by a recent study on women of color and wealth. They found:
"Single black and Hispanic women have one penny of wealth for every dollar of wealth owned by their male counterparts and a tiny fraction of a penny for every dollar of wealth owned by white women."
We'll find out how bad it is, and why. Also as part of our DIY bailout series, we'll have some suggestions for building your own wealth.
We'll also check in on the fiscal health of our nation as Moody's hints at lowering America's bond rating and the Federal Reserve plans to keep interest rates low based on moderate economic expectations.
Tuesday, February 23, 2010
2009 was a bad year for Kwame Kilpatrick. He lost his job as Mayor of Detroit, served four months in jail and had to surrender his law license after the details of a text-message sex scandal came to light. 2010 isn't seeming much better. The FBI now believes Kilpatrick used his office in a “criminal enterprise" and accepted bribes of over $100,000.
Friday, January 29, 2010
In his State of the Union address, President Obama proposed to spend $30 billion to help small businesses weather the tough economy. This is the latest move by the administration to support small business owners, but has any of these plans materialized into practical help? We put the question to small business owners in different parts of the country.
Tuesday, January 12, 2010
We get quick Takeouts on the stories we're following this week: Detroit hosts the X-Prize Competition and listeners weigh in on Sen. Harry Reid's comments.
Monday, January 11, 2010
The North American International Auto Show kicks off in Detroit today and big car companies will be featuring green vehicles and focusing on electrification. We talk with Jim Motavelli, blogger for The New York Times and author of "Forward Drive: The Race to Build "Clean" Cars for the Future," about the supposed end of the V-6 era. Also joining us is Eddie Alterman, editor-in-chief of Car and Driver, to discuss changing times in the auto world.
Read Jim Motavelli's post in The New York Times, "Detroit Auto Show: A Green Preview."
Friday, December 04, 2009
Last night the storytellers at The Moth in Detroit took on the topic closest to Motor City's heart: cars. Alex Trajano, host of the event, shares the winning story with us and some observations on what happens when you make an open call to Detroiters to tell car stories in public.
Wednesday, December 02, 2009
General Motors CEO Fritz Henderson has been asked to step down only eight months after taking the helm of the embattled automaker. The announcement came following a GM board meeting on Tuesday. For the past eight months Henderson and GM have been dogged by questions about whether a man who had spent the past 25 years of his career with GM was really the "change" that the company needs. Will Marcum is a GM line worker who says that Henderson's resignation will be bad for morale at the struggling company, but that many auto workers agree it is time for some new blood at the top. Micheline Maynard covers the auto industry for our partner, The New York Times and is the author of "The Selling of the American Economy: How Foreign Companies are Remaking the American Dream," She says the move came as "a shock, but not a surprise."
Monday, November 02, 2009
We're following the news about Ford having made nearly $1 billion in its third quarter: the first profitable quarter from North American sales since the first quarter of 2005. Ford now says it now expects to be "solidly profitable" by 2011. Joining us is Paul Eisenstein, publisher of The Detroit Bureau, an online magazine covering the American auto industry.
Monday, November 02, 2009
Ford announced this morning that it made nearly $1 billion in the third quarter, making it Ford's first quarter in the black in North America since 2005. Ford now says it now expects to be "solidly profitable" by 2011. For more, we talk with The New York Times' automotive reporter, Nick Bunkley.
Friday, October 30, 2009
The FBI is reaching out to local imams and community leaders in Detroit after the leader of a radical Islamic group was killed in an FBI raid late Wednesday night. We discuss local reactions and the charges filed against others targeted in the raid with Craig Fahle, host of WDET's Detroit Today, and Victor Begg, chair of the Council of Islamic Organizations of Michigan.
Thursday, October 22, 2009
The national media has given prominent coverage to the woes of the Motor City. For example, Time recently embedded journalists in the city for over a year for its ambitious "Assignment Detroit" project. But while the national attention is (mostly) appreciated, insiders' eyes may turn out to be more valuable when it comes to looking for solutions to the city's troubles. Reporters at Detroit's public radio station, WDET, are crowd-sourcing plans for Detroit's recovery. They have been asking Detroit residents for their own voices and viewpoints in order to come up with plans to fix it. We find out more about the project from WDET news director Jerome Vaughn.
Friday, October 09, 2009
Riots broke out in Detroit this week, when tens of thousands of residents lined up to apply for federal help to pay their rent, mortgages and utilities. We'll hear from the former police commander of the precinct where the mayhem happened, Gary Brown, who is running for the Detroit City Council, and Cheryl Johnson, CEO of the Coalition for Temporary Shelter, who was also on the scene. We'll also hear from Andrew Stettner, a deputy director for the National Employment Law Project, to see how this incident fits into the national economic picture.
Wednesday, September 30, 2009
When GM and Chrysler declared bankruptcy, the court allowed them to prematurely end contracts with car dealers across the nation. Today, House Majority Leader Steny Hoyer (D-Md.) is meeting with auto makers and auto dealers as they try and work out a compensation agreement for dealers left out in the cold. Our Washington correspondent, Todd Zwillich, talks us through the meeting.
Friday, September 25, 2009
With an unemployment rate of 28.9% and a $300 million budget shortfall, things in "Motor City" have rarely been worse. To cover the story, Time is trying something new: moving there. The magazine has bought a house in Detroit and moved a team of reporters there to truly get the feel for the city. We talk to Time Magazine contributor Daniel Okrent about the year-long "Assignment Detroit." And for a deeper look at the city's problems, we also speak to long-time Detroit resident and Circuit Court Judge, Vonda Evans.
Thursday, September 10, 2009
Thursday, September 10, 2009
Our Washington correspondent, Todd Zwillich, finds himself far outside the Beltway today. He is in Detroit after attending a townhall held last night on health care reform. While the crowd was mostly Democrats and supported President Obama, they had a lot of tough questions about health care reform.
Thursday, August 06, 2009
Detroit has been hard hit in this recession. As we continue to look at economic indicators, Charlie LeDuff, reporter with the Detroit News, and Dr. Carl Schmidt, the Wayne County medical examiner, join us to tell of a sad side effect of the weak economy: families unable to afford funerals.
"People are ashamed to come to the office and tell us they can't afford to arrange a funeral.... And if someone tells us to please wait while they get their affairs in order, then we have to respect their wishes."
—Dr. Carl Schmidt, Wayne County Medical Examiner, about bodies piling up in the city morgue
Thursday, July 30, 2009
Just when you thought things couldn't get worse in Detroit...they do. The unemployment rate in the Motor City jumped up almost 3 points last month. It now stands at a staggering 17 percent— the highest unemployment of any major city in the country. Is this the jobless economic recovery that economists keep discussing? And can Detroit rise again? Bankole Thompson, Senior Editor at the Michigan Chronicle, joins The Takeaway with more of the story.
Thursday, July 09, 2009
In June, President Obama promised the nation a "New GM" as part of his administration's restructuring of the auto industry in the wake of its financial collapse. Now General Motors is expected to emerge from bankruptcy reorganization as the promised “New GM” —a partially-government-owned entity. The brand will hang on to successful lines like Chevrolet and Cadillac and let go of others. How will this "New GM" fit in with the old Detroit? The Takeaway is taking the pulse of Detroit today. We are joined by Bishop Charles Ellis of the Greater Grace Temple and WDET reporter Noah Ovshinsky.
"I see a lot of people moving into their passions—entrepreneurial things and visions and dreams... They never stepped out into those other things that they had burning within them. But now they are finding that there is life beyond the automobile industry."
—Bishop Charles Ellis of Detroit's Greater Grace Temple
Have your own story or thoughts on the "New GM"? Let us know!