Tag: Finance
The Takeaway
Former NFL Quarterback Steve Bono on His Financial Life After Football
Monday, January 28, 2013
Steve Bono knows the importance of staying financially healthy after a successful career in professional sports. Bono spent roughly a decade and a half as a quarterback in the NFL, bouncing between teams, vying for playing time, and constantly worrying that he could lose his livelihood at a moment's notice. The former quarterback is teaming up with New York University for a study entitled, "The Financially Healthy Athlete."
Money Talking
Money Talking: The Looming 'Triple Fiscal Fiasco'
Friday, January 11, 2013
Congress narrowly avoided the fiscal cliff, but now lawmakers face a three-pronged problem that some in Washington say makes the fiscal cliff look like a cakewalk.
WNYC News
After Sandy, Few Small Businesses Taking Advantage of Emergency Loans
Sunday, January 06, 2013
The Bloomberg administration estimates that 13,000 businesses in New York City were damaged during Sandy, but more than two months after the storm only a few hundred have been approved for emergency loans.
The Leonard Lopate Show
The Physics of Wall Street.
Friday, January 04, 2013
James Weatherall talks about why many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, and looks at a special breed of physicists with a deep history of revolutionizing finance. He shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles in The Physics of Wall Street: A Brief History of Predicting the Unpredictable.
Money Talking
Money Talking: Will the Fiscal Cliff Deal Spur Companies to Spend and Hire?
Friday, January 04, 2013
For years, we've heard that the markets hate uncertainty. Well, this week, we got some certainty. On Money Talking, Rana Foroohar and Joe Nocera weigh on whether the fiscal cliff deal will spur companies to start spending money and hiring.
The Leonard Lopate Show
What's Inside America's Banks
Thursday, January 03, 2013
More than four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks— the sort that could again take down the economy. Jesse Eisinger's investigation, written with Frank Partnoy, is called “What’s Inside America’s Banks” and appears in the January/February issue of The Atlantic.
The Leonard Lopate Show
The Spread
Thursday, January 03, 2013
On today’s show: ProPublica’s Jesse Eisinger takes a look at why public trust in banks is at an all time low. Then, Charles Morris describes the first industrial revolution in the United States, which started in the 1820s. Also, a history of peanut butter. And, we’ll investigate whether lead in gasoline was a cause of fluctuations in violent crime over the last 50 years.
Money Talking
Money Talking: Trends in Philanthropic Giving
Friday, December 28, 2012
Philanthropic giving tends to peak in December as big and small donors alike squeeze their donations in before the end-of-year tax deadline.
New Tech City
Debate: Is New York City in a Tech Bubble?
Tuesday, December 18, 2012
Twitter, LinkedIn, Facebook and eBay have all opened offices in New York City, and the Bloomberg administration is partnering with Cornell University to build a new computer science grad school. But Silicon Alley's exponential growth has some wondering how long the good times will last.
Money Talking
Money Talking: Top Business Stories of 2012
Friday, December 14, 2012
Ever since the presidential election, the business press has been consumed with the negotiations in Washington to avoid the December 31st fiscal cliff.
WNYC News
Will A $1.9 Billion Settlement Change Banks' Behavior?
Thursday, December 13, 2012
New Tech City
Silicon Alley Could Revive NYC's Middle Class, Report Says
Tuesday, December 11, 2012
New York's tech sector has made some entrepreneurs rich. A new study says it could also preserve and grow the city's middle class.
Money Talking
Money Talking: Why Big Banks Are Downsizing
Friday, December 07, 2012
The nation's biggest banks are facing job losses, falling revenue, big spending cuts, not to mention core questions about their very size and scope.
Money Talking
Money Talking: Future of Economic Growth After the Fiscal Cliff
Friday, November 30, 2012
The question gets more urgent by the day: Can President Obama and Congress cut a deal in the next month to prevent the automatic government spending cuts and tax hikes known as the fiscal cliff?
The Takeaway
Widespread Corruption Uncovered at Kabul Bank
Wednesday, November 28, 2012
According to our partner The New York Times, hundreds of millions of dollars from the Kabul Bank were spirited out of country — some smuggled in airline food trays — to foreign bank accounts. Matt Rosenberg is in Kabul for our partner The New York Times. He's seen all 277 pages of the official audit.
The Takeaway
UBS Fined $47.5 Million for Rogue Trading
Monday, November 26, 2012
Britain’s Financial Services Authority has fined global financial firm UBS $47.5 million in a "rogue trading scandal." Mark Scott has been reporting on the scandal from London for our partner, The New York Times.
"They didn't have the right controls and mechanisms in place in house to really catch this problem when it first happened," Scott says. "It's a question of the bank itself not having the right checks and balances internally."
"These are multi-million, if not billion dollar trades on a day to day basis," Scott says. When this much money is on the line, it is important that the banks are taking responsibility for the actions of their employees.
No one is naive enough to think a $47 million fine will put a stop to illegal or irresponsible trading practices. As Mark Scott says, "It's never til the next time."
The Leonard Lopate Show
Antifragile
Wednesday, November 21, 2012
Nassim Nicholas Taleb explains how to thrive in an uncertain world. In his new book, Antifragile: Things that Gain from Disorder, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine.
Money Talking
Money Talking: After Sandy, Who Decides How Federal Aid Is Spent?
Friday, November 16, 2012
Sandy left behind not only countless disrupted lives, but a cost in dollars that’s hard to quantify and is still being counted.
Money Talking
Money Talking: Will Obama and Congress Avoid the Fiscal Cliff?
Friday, November 09, 2012
With President Barack Obama reelected to a second term and Congress set to reconvene after Veterans Day, all eyes in Washington are set on the January 1 fiscal cliff when billions in spending cuts and tax increases will go into effect.
Money Talking
Money Talking: The Economic Impact of Sandy
Friday, November 02, 2012
Four days after Hurricane Sandy turned the New York metropolitan area on its head, estimates for the economic damage are coming in as high as $50 billion — making it one of the costliest storms on record.