Monday, September 02, 2013
Thursday, March 15, 2012
Thursday, September 22, 2011
Two major announcements hit Wall Street and Washington on Wednesday. The Federal Reserve unveiled its plan to invest $400 billion in Treasury securities in an effort to boost the economy, and Moody's downgraded the ratings of Bank of America, Citigroup, and Wells Fargo. How is all of this going to affect consumers and businesses? And how is divided Washington going to react?
Wednesday, September 21, 2011
The Federal Reserve Open Market Committee ended its meeting by agreeing to use more than $400 billion to try and drive down long-term interest rates to make loans cheaper and invigorate economy. The plan unveiled Wednesday has been dubbed "Operation Twist," as the Fed will "twist" long-term rates lower relative to short-term rates.
Tuesday, June 14, 2011
2010 Nobel Prize-winning professor of economics at M.I.T. Peter Diamond discusses his recent decision to withdraw his nomination for the Federal Reserve Board and the state of the stalled presidential nominations.
Monday, April 25, 2011
This week Federal Reserve Chairman Ben Bernanke will go in front of reporters for his first-ever press conference. He will take questions about policy inflation and the Fed's bond-buying program in an effort to promote transparency between the Fed and the American public. What should Bernanke say to develop Americans' trust? Christina Romer, professor of Economics at University of California, Berkeley, and former chairwoman of President Obama's Council of Economic Advisers says she'd like the truth.
Monday, April 25, 2011
Despite promises of reform from both the Syrian and Yemeni governments, demonstrations — and serious bloodshed — rage in both countries. NATO continues to support the rebels in Libya while some U.S. Senators call for Gadhafi's ouster. Marcus Mabry, editor-at-large of the International Herald Tribune, looks at protests throughout the Middle East and NATO's role in Libya. Middle East turmoil has also led to rising oil and gas prices in the U.S. Oil companies are set to release their earnings this week and Charlie Herman, economics editor for The Takeaway and WNYC, looks at rising oil profits and potential price gouging investigations.
Monday, November 08, 2010
Later this week, world leaders will gather at the G20 summit in Seoul, South Korea. The meeting comes just days after the Federal Reserve's decision to buy $600 billion worth of Treasury bonds through a process known as "quantitative easing." In response to the announcement, American stock markets reacted positively. World leaders abroad did not.
Monday, November 08, 2010
Last week, New York Times Wall Street and finance reporter Louise Story explained how the Federal Reserve's new economic recovery plan, known as "quantitative easing," works. Story explained that the process is intended to effectively lower already-low interest rates, making it cheaper for banks to borrow money. But how will this impact ordinary, middle-class Americans?
Thursday, November 04, 2010
Many Americans are angry about the sluggish state of the economy. On Tuesday, they went to the polls and took their anger out on elected officials. But the people who have a very large effect on the American economy aren't elected at all. They’re the appointed officials at the Federal Reserve Bank, headed by Ben Bernanke. As if to underscore that point, The Fed announced Wednesday that they’ll buy $600 billion worth of Treasury bonds, in an effort to stimulate economic growth.
Thursday, November 04, 2010
The Federal Reserve Bank announced Wednesday that it will once again make a large purchase of Treasury Bonds — $600 billlion worth — as part of a Quantitative Easing to help the struggling economy. The response of many to this news: "Quantitative what?" Louise Story, Wall Street and Finance Reporter for our partner The New York Times, joins the show to break it down.
Tuesday, August 31, 2010
By John Hockenberry : Host, The Takeaway
I just spoke with a hopeful banker on the show and it really brightened my day. Hartie Spence is the President and CEO of Lakeside Bank in Louisiana. That may sound a little more impressive than the reality of Mr. Spence’s new gig, but then most banks have tortured metaphorical names like “First Federal Mutual Providential Acceptance Savings Bank and Trust Company,” designed to reassure people about the safety of their money.
Friday, August 27, 2010
Ross DeVol, executive director of economic research at the Milken Institute, thinks we can be optimistic about the U.S. economy. Then, Heidi Moore, a financial journalist in New York City and former reporter for The Wall Street Journal and Felix Salmon, finance blogger for Reuters, preview Federal Reserve Chairman Bernanke's speech and discuss the latest economic news.
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.
Friday, March 19, 2010
- ENVIRONMENT TAKEOUT: It's flood season in North Dakota. Prairie Public Broadcasting reporter Todd McDonald gives us the latest on the flood preparations in Fargo and tells us why some people are still not moving away from the town's most exposed area.
- MONEY TAKEOUT: Former Fed chairman Alan Greenspan will be at the Brookings Institution today to present his most detailed report on the roots of the financial meltdown, 48-page paper titled, "The Crisis." New York Times reporter Louise Story discusses Greenspan's limited admission of failure and his new argument on what really caused the housing bubble.
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, January 07, 2010
- Business Takeout: New York Times finance reporter Louise Story brings just-released minutes from a meeting of the Federal Reserve; she says the members disagree about how best to shore up the economy.
- Sports Takeout: Sports contributor Ibrahim Abdul-Matin previews college football's CITI BCS National Championship Game between no. 2 Texas and no. 1 Alabama.
- Listener Takeout: We got all kinds of responses from our listeners when we talked about Elvis Presley's favorite comfort foods yesterday – the King would have been 75 this week.
Friday, October 23, 2009
The Obama administration plans to cut executives' pay at companies that received taxpayer money as part of the financial bailout. Meanwhile, the Federal Reserve says it will monitor bank pay packages in the hopes of deterring payouts that reward overly-risky behavior. For a look at what this means for recruiters we're joined by Joe Nocera, business columnist for The New York Times.
Tuesday, September 22, 2009
The Federal Reserve meets today against an improving economic backdrop. For once, inflation and interest rates are not the news of the day. Louise Story, finance reporter for our partner The New York Times, looks at what else the Fed is acting on right now.