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Tag: Finance

The Leonard Lopate Show

The Global Financial System and the Middle Class

Monday, June 04, 2012

Michael Casey argues that the vast global financial system is responsible for our economic malaise. In The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class, Casey traces the flow of money and goods across the world, and shows that our economic problems are largely caused by political agendas that prevent the free market from encouraging fair competition.

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Money Talking

Corner Office to Oval Office; Apple After Steve Jobs

Friday, June 01, 2012

With unemployment rising again and U.S. growth slowing, the economy will continue to dominate the presidential race. Mitt Romney argues his business experience has prepared him to turn these indicators around. But how does skill at running a company translate into skill at running a country?

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WNYC News Blog

Middle-Skilled Workers Hard Hit in NY Area

Wednesday, May 30, 2012

The Federal Reserve Bank of New York said opportunities for middle-skilled workers are drying up faster in the New York area than elsewhere in the nation.

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WNYC News

The Gupta Trial: Week 1

Friday, May 25, 2012

A prominent businessman, Rajat Gupta stands accused of abusing his position as a member of the board of directors of two major companies.

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Money Talking

Money Talking: Facebook’s IPO Flop and White Male Board

Thursday, May 24, 2012

Facebook’s much-anticipated debut as a public company has turned out to be a small disaster. The company and its lead investment bank, Morgan Stanley, are under fire from regulators and Congress; and the head of NASDAQ is apologizing for its role in how the stock offering was conducted.

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The Brian Lehrer Show

Positive Economic Indicators: Found a Job?

Wednesday, May 23, 2012

Have you found a new job? Charlie Herman, WNYC business editor, reports that New York City added more jobs in the last four months than it had since the 1950s. Call in or post here with your positive economic indicators.

Comments [6]

Features

Banking Booms — and Busts — Through History

Tuesday, May 22, 2012

Whether it's JPMorgan's multi-billion dollar trading loss or shareholders rejecting the pay package of Citigroup's CEO debates about banks regularly dominate headlines. A new exhibit at the Museum of the City of New York about the history of banking in America shows, it's been this way since the founding of the Republic.

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The Empire

Liu: NYC Income Gap Double National Average -- updated

Monday, May 21, 2012

BBC

New York City Comptroller John Liu released a report Monday showing the city’s top 1 percent of earners account for a third of all income in New York City—nearly twice the national average.

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The Leonard Lopate Show

Backstory: Matt Taibbi on JP Morgan Chase

Thursday, May 17, 2012

Matt Taibbi, Contributing Editor for Rolling Stone , joins us to talk about the recent $2 billion-plus loss at JP Morgan Chase and the state of Wall Street. Taibbi is the author of Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.

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Money Talking

The Truth Behind What JPMorgan's Jamie Dimon Said, Facebook Goes Public

Thursday, May 17, 2012

JPMorgan Chase’s CEO Jamie Dimon called concerns about a massive trading bet a “tempest in a teapot” last month.

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WNYC News

City's Tech Boom Leads to Hiring Crunch for Engineers

Wednesday, May 16, 2012

New York City has the nation’s fastest growing tech sector — and there are now more than 1,000 web-based technology start-ups in the city. But these signs of success are also harbingers of a problem: a snowballing demand for scarce engineers.

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WNYC News Blog

Bloomberg Backs JPMorgan CEO as Dimon Gets Shareholders Vote to Keep Title

Tuesday, May 15, 2012

Mayor Michael Bloomberg defended the CEO of JPMorgan Chase after he survived a push to strip him of his title Tuesday following a $2 billion trading loss by the bank.

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WNYC News

With the Mobile Wallet, A Way to Change How You Pay

Tuesday, May 15, 2012

Thousands of New York City establishments are using the technology, though specific figures are difficult to determine. Last month, the city approved a pilot program for city taxis to use mobile wallets, which could expand to all cabs if found successful.

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The Leonard Lopate Show

Please Explain: Credit Ratings

Friday, May 11, 2012

This week we'll find out about credit reports and credit scores and how to manage them effectively. Jeffrey Blyskal, senior editor of  Consumer Reports, joins us to explain how they work and what they mean. 

If you have a question, call 212-433-9692 or leave a comment below. 

Comments [34]

WNYC News

JPMorgan's $2 Billion Loss, Explained

Friday, May 11, 2012

JPMorgan's "many errors, sloppiness and bad judgment" will hurt the bank's reputation and bolster support for rules limiting banks' ability to make speculative bets.

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Money Talking

Europe On the Edge, Who Fakes a Resume in 2012?

Friday, May 11, 2012

What does President Obama want from Europe?  It’s the question that hangs over the head of the White House as leaders of the G-8 come to the U.S. for meetings next week

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WNYC News

JPMorgan Chase Acknowledges $2B Trading Loss

Thursday, May 10, 2012

JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.

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Money Talking

Money Talking: Murdoch, Banks and a New Era of Corporate Accountability

Friday, May 04, 2012

A British parliamentary committee calls News Corporation's Rupert Murdoch "not a fit person to exercise the stewardship of a major international company.” Shareholders upset with Chesapeake Energy’s CEO Aubrey McClendon force him to give up his role as chairman of the board. And pay packages for bank executive are being challenged. It just might be the dawn of a new era of corporate accountability.

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Money Talking

Money Talking: Rupert Murdoch and Echoes of the Washington Post and Watergate

Friday, May 04, 2012

That noise you heard this week from one side of the Atlantic to the other is the outburst of schadenfreude that greeted a declaration from a British parliamentary committee that Rupert Murdoch was "not a fit person" to run a major international company like News Corporation.

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WNYC News

Facebook Valued at Up to $95B in IPO Price Range

Thursday, May 03, 2012

Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth as much as $95 billion, according to the price range for its upcoming initial public offering of stock.

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