Economic Crisis

The Takeaway

Greek Economy's Impact on World Markets

Friday, June 17, 2011

In discussing the troubled Greek economy's effect on U.S. markets, Standard & Poor's equity market strategist Alec Young told the AP that "There’s no easy answers or they would have found them by now. We’re recommending that clients continue to expect volatility in the U.S. market as a result of the news coming out of Greece." The length and depth of that volatility remains to be seen. In Brussels, European Union leaders scrambled to draft a second bailout on Thursday, coming up with a 12 billion euro plan they hope will avert international disaster. For more on just how big this news is for world financial markets we’re joined by our resident experts Louise Story and Marcus Mabry.  Louise Story is the Wall Street and finance reporter for our partner The New York Times and Marcus Mabry is editor-at-large of the International Herald Tribune.

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The Leonard Lopate Show

Reckless Endangerment

Wednesday, May 25, 2011

New York Times's Pulitzer Prize-winning columnist Gretchen Morgenson and Joshua Rosner discuss how the financial meltdown resulted from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders. Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon reveals how the watchdogs who were supposed to protect us from financial harm were actually complicit in creating the financial crisis. Drawing on previously untapped sources and building on original research from Rosner—who raised early warnings with the public and investors, and kept detailed records—Morgenson connects the dots that led to this fiasco.

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The Leonard Lopate Show

The Girl's Guide to Homelessness

Tuesday, May 17, 2011

Brianna Karp tells how she became homeless after she lost her job during the economic collapse. Her memoir, The Girl's Guide to Homelessness, is an account of landing, then losing, her dream job as an executive assistant. When the hundreds of job applications led to no offers, she lost her home and ended up living in an inherited Winnebago in a Walmart parking lot.

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The Takeaway

Contemporary Steinbecks: Where is Your "Grapes of Wrath"?

Monday, May 16, 2011

If you were to write a classic novel about the financial crisis and how it affects regular Americans, what would it be called? 

A recent article from our partners at the BBC looked at literature from the Great Depression, and asked why there aren't more pieces of work — like Steinbeck's "The Gapes of Wrath" — being produced about the current economic downturn.

There are certainly compelling story lines in the news, from Bernie Madoff's fall to the heart-wrenching stories of families being forced out of their homes despite good financial standing. So we've been asking listeners to send us their title for a contemporary novel dealing with the great recession and its impact.

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The Leonard Lopate Show

The Wall Street Money Machine

Monday, April 25, 2011

ProPublica’s Jesse Eisinger and Jake Bernstein, who were awarded the Pulitzer Prize for National Reporting for “The Wall Street Money Machine,” talk about the series, which examined how some hedge funds and banks worsened the financial crisis while making a hefty profit for themselves.  It’s ProPublica’s second Pulitzer in only its third year of publishing investigations, and it’s the first Pulitzer to be awarded to a group of stories that were never published in print.

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The Brian Lehrer Show

Crisis Lessons: Ask the Chairman

Thursday, February 24, 2011

Phil Angelides, Financial Crisis Inquiry Commission chairman, is a weekly guest for the month of February.  This week he continues to unpack the Financial Crisis Inquiry Commission findings on the reasons behind the economic meltdown.  

→  Read a Recap and Join the Conversation at It's A Free Country!

The Leonard Lopate Show

Greed, Hubris, the Fall of Merrill Lynch

Tuesday, December 14, 2010

Greg Farrell gives a fly-on-the-wall account of the fall and sale of Merrill Lynch: a firm that revolutionized the stock market by bringing Wall Street to Main Street. Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America looks at what caused Merrill Lynch to collapse and what this story of greed, hubris, and incompetence tells us about the culture of Wall Street. The book is a financial thriller based on never-before-revealed information.

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The Leonard Lopate Show

All the Devils are Here

Wednesday, November 17, 2010

Business journalists Bethany McLean and Joe Nocera discuss the many problems that helped bring down the economy. The full story is like the legend of the blind men and the elephant—almost everyone has missed the big picture, and almost no one has put all the pieces together. Their book All the Devils are Here: The Hidden History of the Financial Crisis goes back several decades to explore the complex, hidden history of the financial crisis.

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It's A Free Blog

Stucknation: Economic Mess Continues after Midterms

Monday, November 08, 2010

Last Tuesday most Americans stayed home. It was a slight majority of the minority that turned out to redirect the nation's course.

Republicans bragged about winning. Democrats whined about losing. Meanwhile, more and more Americans worried about just surviving.

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It's A Free Country ®

The Big Picture: Joseph Stiglitz on the Economy

Tuesday, October 26, 2010

I think every serious economist realizes that if it had not been for the stimulus, our unemployment rate would be 2 to 3 percentage points higher than it is today. And we have enough suffering as it is—one out of 6 Americans that would like a full-time job can’t get one. Without the stimulus, things would have been that much worse.

- Joseph Stiglitz, winner of the Nobel Prize in economics, on The Leonard Lopate Show.

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The Leonard Lopate Show

Arianna Huffington on the Middle Class

Monday, September 20, 2010

Arianna Huffington discusses the plight of the middle class, why she sees it disappearing, and what it means for America. Her book Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream lays out the threats to middle-class stability: shrinking industry and fewer blue-collar jobs, a weakening education system, economic turmoil, and a loss of faith in our political system. She also addresses what can be done to restore and strengthen the middle-class.

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The Takeaway

Launching a Small Business in a Troubled Economy

Monday, August 16, 2010

Amidst all the economic doom and gloom, we hear a story of one small buisness that's actually working. Hilary Lanzer is a Takeaway listener and the vice president of sales at Ask Me, Inc., a marketing firm for travel services. She contacted The Takeaway to express frustration with all the negative stories; she shares her experience of launching a company during a recession.

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The Leonard Lopate Show

Summer Vacation or Staycation?

Friday, August 13, 2010

We want to hear about your summer vacation! Have you changed your plans due to the economic climate? If you've taken time off, but stayed at home, what did you do? Call us at 212-433-9692 to share your stories or leave a comment to tell us if, and how, the lingering recession has affected your summer vacation plans or how you've made the most of the city!

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The Leonard Lopate Show

Good-bye to Dubai

Monday, August 09, 2010

Joshua Hammer, New York Review of Books contributor, explores the effects of the global financial crisis on Dubai: a city only recently on the brink of fortune and success. He discusses the origins of the "Dubai fantasy" and the problems inherent in its construction and maintenance, Dubai's identity as a world city and the stark realities of its economic recession. He also disccuses illicit enterprises—from human trafficking to arms smuggling—allegedly going on in Dubai. His article "Good-bye to Dubai" is in the summer issue of the New York Review of Books.

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The Leonard Lopate Show

The Zeroes

Wednesday, July 07, 2010

Randall Lane discusses unwittingly becoming a Wall Street power broker during the decade he calls the Zeroes, when he started a small magazine company that put him near the center of the biggest boom in history. He book The Zeroes: My Misadventures in the Decade Wall Street Went Insane is an insider's memoir of a gilded era on Wall Street—and its demise.

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