Wednesday, February 12, 2014
Wednesday, September 18, 2013
Janet Yellen is the new presumptive front-runner for chair of the Federal Reserve. But who is Janet Yellen? And how might she change the Fed if she's put in charge? Susan M. Phillips has some insights to share. She served on the Board of Governors of the Federal Reserve from 1991 to 1998, overlapping with Janet Yellen during Yellen’s first appointment from 1994-1997.
Thursday, January 31, 2013
Alan Blinder, Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board, explains how the worst economic crisis in postwar American history happened, what the government did to address it, and what is still left to do. In After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead Blinder argues that the U.S. financial system became too complex and too unregulated, which created a perfect storm beginning in 2007. He makes the case for government intervention and explains how it prevented a total financial meltdown.
Friday, August 03, 2012
Monday, September 05, 2011
It's Monday, so we're discussing news ahead for the week. Next Sunday will be ten years since the 9/11 attacks. This will be a week of reflection — not just for Americans but for everyone around the world. As we remember 9/11, many Americans are still without jobs and struggling to make ends meet. Charlie Herman, business and economics editor for WNYC and The Takeaway, says not to expect anything game-changing from Federal Reserve Chairman Ben Bernanke's speech this Thursday in Minnesota on the economic outlook. His speech will be followed by President Barack Obama's jobs speech. And across the Atlantic, Dominique Strauss-Kahn returned to France over the weekend, and the hunt for Col. Muammar Gadhafi continues in Libya.
Wednesday, August 10, 2011
In the wake of Standard and Poor's decision to downgrade the U.S. credit rating, and an economy still struggling to keep its head above water, the Federal Reserve decided yesterday to keep the nation's interest rate close to zero through 2013. The rate has been static for the past two years. The response on Wall Street seemed mixed. At first stocks took a bit of a dive, but they recovered. The Dow closed up 429 points yesterday after a late rally.
Monday, November 01, 2010
One day before the mid-term election and predictions are in. Todd Zwillich, The Takeaway's Washington correspondent, looks ahead to election day and forecasts the after-effects of its results.
Voters head to the polls tomorrow, but non-political happenings continue apace: the Fed will meet to discuss what to do about interest rates and the economy. Charlie Herman, economics editor for The Takeaway and WNYC Radio, doesn't see the interest rate increasing, but sees the Fed pumping more money into the economy, to try and jumpstart it.
Thursday, June 10, 2010
Federal Reserve Chairman Ben Bernanke had troubling words when he testified before the House Budget Committee on Wednesday. In describing the state of the economy, Bernanke said that the nation’s budget “appears to be on an unsustainable path.” The New York Times’ Wall Street and finance reporter Louise Story, explains that the chairman’s critique is a serious matter, and discusses the possible further economic pitfalls that lie ahead.
Wednesday, March 17, 2010
- FINANCIAL TAKEOUT: Expressing a deep, if cautious, confidence in our current economic recovery, The Federal Reserve decided to maintain the national interest rate yesterday. Louise Story, Wall Street and finance reporter for our The New York Times tells us whether or not that confidence is justified.
- SPORTS TAKEOUT: Sports contributor, Ibrahim Abdul-Matin, weighs in on Tiger Woods' announcement that he will play in the Master's next month.
Thursday, February 11, 2010
- MONEY TAKEOUT: New York Times finance reporter Louise Story reports on a plan by fed chief Ben Bernanke to raise interest rates.
- TECH TAKEOUT: Yesterday, Google unveiled Buzz, a new social networking service that lets Gmail users share short status updates in much the same way they might on Twitter or Facebook. Is it the next big thing? Will it take Twitter down? Or is Google just inserting itself into another arena where it's not wanted? Fast Company tech blogger and Wired writer Cliff Kuang has used Buzz and shares his opinions.
Wednesday, January 20, 2010
- CONGRESS TAKEOUT: Lawmakers in Washington went to bed yesterday knowing the dynamics of power in the capitol had changed. Takeaway Washington correspondent Todd Zwillich looks at what's on today's agenda in the White House and Congress.
- MONEY TAKEOUT: New York Times finance reporter Louise Story talks about the Fed's audit of how it handled AIG - and a Senate re-confirmation hearing coming soon for Fed Chairman Ben Bernanke.
- RESPONSES TAKEOUT: We listen to some of our listeners' reactions to a story we aired yesterday about the media coverage of the Haiti earthquake - what worked and what didn't.
Monday, January 04, 2010
- Fed Takeout: Louise Story, financial reporter for our partner, The New York Times, talks about Fed Chairman Ben Bernanke's speech in Atlanta yesterday, where he said faulty regulation, not the Fed's interest rates policy, is to blame for the housing bubble.
- Washington Takeout: Our Washington correspondent, Todd Zwillich, explains how, in the wake of an attempted airline bombing on Christmas day, the routine appointment of a Director to the TSA will now be conducted under intense scrutiny.
- Sports Takeout: Kim Constantinesco is a blogger for predominantlyorange.com, a Denver Broncos fan site, and she joins us to discuss the Broncos' last game of the season and their playoff fate.
Tuesday, December 15, 2009
- Washington Takeout: Todd Zwillich on Senator Joe Lieberman's move to get the Medicare expansion out of the healthcare bill.
- Christmas Takeout: Prof. Gary Chastagner, AKA "Mr. Christmas Tree," may have found a way to keep Christmas trees from shedding.
- Listener Takeout: Wall Street Journal reporter Kelly Evans on what to expect for the dollar from today's scheduled Fed meeting.
Monday, September 21, 2009
Sen. Christopher Dodd (D-Conn.) plans to push for a "super-regulator" that would merge the four agencies currently regulating the banking industry. Dodd wants a smaller role for the Federal Reserve; this plan conflicts with President Obama's plans for regulation. Louise Story, reporter for The New York Times, tells us why.
Friday, August 28, 2009
This week the White House reported that the federal deficit is rising faster than expected. The projected 10-year deficit is now $9 trillion — that's $2 trillion more than previous estimates. Does increased spending mean a healthier economy, or does burgeoning debt spell trouble for the future? To decode this number and other indicators we speak to Lakshman Achuthan, managing director of the Economic Cycle Research Institute.
Monday, July 27, 2009