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Economy

WNYC News

Mayor Back Foreclosure Mediation Bill

Thursday, June 11, 2009

Mayor Bloomberg is urging passage of a bill that would require homeowners and lenders to use mediation programs to avoid foreclosure. On a conference call with Philadelphia Mayor Michael Nutter, Bloomberg praised Nutter's success using such programs to reduce foreclosure rates in Philly.

Bloomberg joked that ...

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WNYC News

Killer App

Wednesday, June 10, 2009

How to make it as an iPhone applications developer. Guest: Josh Koppel, co-founder, ScrollMotion.

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The Takeaway

Free Care for Kids: Can Shriners' Hospitals Be Saved?

Tuesday, June 09, 2009

In 22 cities around the country, Shriners' Hospitals for Children provide top-of-the-line care to anyone under the age of 18 for absolutely free—they accept no government funding or insurance payments. But the organization's endowment has been devastated by the economic crisis, and the membership is voting in early July on a proposal to close six hospitals. Parents of patients at the threatened hospitals are signing petitions and holding fundraisers to try and save the hospitals. Bob Houden, spokesperson for the Shriners Hospital in Erie, Pennsylvania, which could be closed, and Laura Marinucci, the parent of a Shriners patient who founded Save our Shriners, join The Takeaway to talk about this potential latest casualty of the recession.

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The Takeaway

Car Troubles: Court Blocks Chrysler Sale To Fiat

Tuesday, June 09, 2009

Thanks to the protest of a group of Indiana-based debt holders, the U.S. Supreme Court issued a stay on the deal to sell Chrysler to Italian carmaker Fiat. The stay of proceedings allows the Court to consider whether to hear the objections of three Indiana state funds and consumer groups. Many industry watchers saw this deal as Chrysler's best chance to avoid liquidation. Joining us to look at how the Court will proceed — and if this will force Chrysler to fold— is Michael de la Merced, business reporter with our partner, The New York Times.

For more, read Michael de la Merced's article, Supreme Court Delays Sale of Chrysler to Fiat, in the New York Times.

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WNYC News

Frank Gehry Out of Rest of Yards Too

Tuesday, June 09, 2009

Days after marquee architect Frank Gehry was dropped as the architect of a new Brooklyn Nets Basketball arena, WNYC has learned the architect won't be involved in other parts of the complex either. WNYC's Matthew Schuerman reports.

REPORTER: Just two years ago, developer Forest City Ratner ...

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WNYC News

The Decline and Fall of 'Big Law'?

Tuesday, June 09, 2009

Demand for legal services in New York is down 10 percent and the industry may have to change its business model. Guest: Alan Feuer, The New York Times.

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The Takeaway

The Week's Agenda with Marcus Mabry

Monday, June 08, 2009

The Takeaway gives you your weekly rundown of the stories to keep an eye on. This week there's a battle brewing between the finance sector and the Obama administration as some banks prepare to pay back TARP funds. Iran's elections kick off as Lebanon's conclude. And this week's Apple software developer's conference may see the return of Steve Jobs. For that and more we're joined by Marcus Mabry, International Business Editor for our partners, The New York Times.

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WNYC News

Loeb’s Lesson

Monday, June 08, 2009

A hedge fund manager is cut down to size. Guest: Aaron Elstein, Crain’s New York Business.

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WNYC News

New NJ Tunnel: Replacing the "Midtown Direct Maybe"

Monday, June 08, 2009

For years there have been plans to build a second commuter rail tunnel connecting New Jersey to Manhattan. This morning Governor Corzine will be in Jersey City to preside over the groundbreaking for that second Trans-Hudson rail tunnel. Two thirds of the money to pay ...

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WNYC News

Park in the Sky Opens This Week

Monday, June 08, 2009

The first portion of the High Line Park will open to the public tomorrow. WNYC's Matthew Schuerman has more.

REPORTER: The High Line will be a public park. But it's uniqueness has attracted a lot of private money. Fashion designer Diane Von Furstenberg and media executive ...

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WNYC News

Musical Treasure Trove Closes

Saturday, June 06, 2009

Brooklyn's Record and Tape Center has existed for nearly four decades, almost in spite of itself. It’s a mish-mosh musical treasure trove and it’s anything but organized. Now the owner has to pack it all up. He’s been served eviction papers by the landlord and ...

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The Takeaway

Is the Economy in Recovery? New Unemployment Stats

Friday, June 05, 2009

The Bureau of Labor Statistics released the unemployment numbers for May this morning. The numbers may give a sense of how quickly the U.S. can expect economic recovery. David Leonhardt, who writes about the economy for The New York Times, joins The Takeaway with an analysis.
"The history of stimulus packages is they work, they do create jobs, they don't just disappear into the ether. But they're not going to create enough jobs to get rid of the effects of this recession."
—New York Times reporter David Leonhardt on unemployment

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WNYC News

Developer Replaces Architect of NJ Nets Arena

Friday, June 05, 2009

After months of speculation, developer Bruce Ratner has replaced Frank Gehry as the architect for the new basketball arena in Brooklyn. WNYC's Matthew Schuerman has more.

REPORTER: Ratner used Gehry's name liberally while winning government approvals for Atlantic Yards. But in the end the developer couldn't ...

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WNYC News

Never Can Say Goodbye

Friday, June 05, 2009

Why banks are not selling toxic assets. Guest: Greg David, Crain’s New York Business.

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The Takeaway

The Mini-Agenda: What Else Is Going On In The World

Thursday, June 04, 2009

While the President is making headlines with his call for a renewed relationship between the U.S. and the Muslim world, there are other things going on in the world today. New jobless numbers are out, showing a drop in claims for the first time in five months. Retailers are reporting some falls in sales while worker productivity increased. For a brief rundown of the business week ahead we are joined by Marcus Mabry, International Business Editor for The New York Times.

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The Takeaway

Schwarzenegger Takes Heat For California Budget Cuts

Thursday, June 04, 2009

The State of California is in a bind. The economic downturn has hit the state hard, but when the governor asked the voters to approve a tax increase to help cover the shortfall, the voters flatly said no. The governor has responded with a series of proposed budget cuts that would drastically reduce the state's services to the poor including health care and housing. Californians are balking at these cuts, but Schwarzenegger says there's no alternative. For more on this dilemma we turn to Patricia Nazario, a health, housing and immigration reporter for KPCC in Southern California.

Watch the governor's comments on California's budget in the video below.

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The Brian Lehrer Show

The Rocky Road Ahead

Thursday, June 04, 2009

Ray Young, the chief financial officer of General Motors, talks about GM’s bankruptcy. Then, Damon Lester, president of the National Association of Minority Automobile Dealers, and Greg Williams, former owner of the recently closed Huntington Chevrolet in Huntington Station, NY., discusses the effect GM’s bankruptcy has ...

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WNYC News

What’s Gooey and Popular?

Thursday, June 04, 2009

Crude makes a comeback. Guest: Roben Farzad of Businessweek.

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WNYC News

Multi-State Group to Protect Sea Waters

Thursday, June 04, 2009

Five states, including New York and New Jersey, have formed a working group to protect the waters between Montauk and the Chesapeake. Governors Paterson and Corzine inked a pledge today to cooperate on issues like conservation and fisheries. Governor Corzine says the new multi-state group ...

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WNYC News

Judge Hears Arguments on Closing GM Franchises

Thursday, June 04, 2009

The judge overseeing Chrysler's bankruptcy case in New York says the automaker has a good case for the termination of 789 of its dealer franchises as part of its ongoing restructuring. But the dealers argued in today's hearing that they don't cost the automaker anything.

General ...

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