Thursday, June 23, 2011
In trading on Thursday, LinkedIn, the social networking site for career-minded individuals, gained $3.50, or five percent, to $70.32. And, Pandora, the company that lets you design your own internet radio station, added 66 cents, or five percent, closing at $14 a share.
Wednesday, June 22, 2011
European Union Commission President Jose Manuel Borroso believes next week will be the "moment of truth" for the Greek government. Prime Minister Papandreou is facing a tough battle to secure parliamentary backing for further austerity measures. The economic instability continues to cause ripples across the world—including here in the U.S. within the Greek-American community.
Tuesday, June 21, 2011
Greece's financial woes continue to teeter on the brink of collapse as they face the possibility of becoming the first Euro-zone country to default. Finance ministers gave the fledgling nation two weeks to shape up its finances or face not receiving anymore bailout money. On top of this, Prime Minister George Papandreou faces a vote of confidence in Parliament today, and the result of that could have major consequences as to which direction the country will be going.
Monday, June 20, 2011
All the jawing and insult throwing has ceased for the time being as negotiations heat up on Capitol Hill over the debt ceiling. Vice President Joe Biden said there are four meetings scheduled, and "now we're getting down to the really hard stuff." Todd Zwillich, The Takeaway's Washington Correspondent, says Congress would love to get an agreement by the 4th of July—way ahead of the deadline in August.
As Washington tries to get the debt ceiling squared away, the Federal Reserve will meet on Wednesday to discuss interest rates. Housing numbers have been consistently awful for some time now, with no sense of relief in sight. Charlie Herman, economics editor for The Takeaway and WNYC, looks at what we can expect from Wednesday's meeting, and whether or not it's likely that the Fed will decide to leave interest rates close to zero.
Friday, June 17, 2011
Albany legislators were preoccupied with a same-sex marriage bill this week. But as they approach the end of session, they have other matters to decide as well, like the future of city rent regulations. We'll review this week's business and economics news.
Friday, June 17, 2011
In discussing the troubled Greek economy's effect on U.S. markets, Standard & Poor's equity market strategist Alec Young told the AP that "There’s no easy answers or they would have found them by now. We’re recommending that clients continue to expect volatility in the U.S. market as a result of the news coming out of Greece." The length and depth of that volatility remains to be seen. In Brussels, European Union leaders scrambled to draft a second bailout on Thursday, coming up with a 12 billion euro plan they hope will avert international disaster. For more on just how big this news is for world financial markets we’re joined by our resident experts Louise Story and Marcus Mabry. Louise Story is the Wall Street and finance reporter for our partner The New York Times and Marcus Mabry is editor-at-large of the International Herald Tribune.
Friday, March 11, 2011
By Ilya Marritz
Expatriate Greeks and Greek-Americans are being asked to use their savings to help their fiscally-challenged motherland.
TN Moving Stories: Maryland Population Growth Expected Near Transit, Transpo Groups Like President's Budget, And NCDOT Combats Junk in Your Trunk
Wednesday, February 16, 2011
By Kate Hinds
Transportation groups have much to like in President Obama’s budget request for infrastructure improvements -- but fear the spending plan might not get off the ground in Congress. (The Hill)
Planners in Montgomery County, Maryland, expect population growth will happen around transit centers and mixed use developments near the area's Metrorail station. (WAMU)
Christine Quinn announced her plan to ease NYC's parking restrictions and introduce new legislation that would allow ticket agents to literally "tear up" tickets. (WNYC) Also: Quinn will be on WNYC's Brian Lehrer Show today, and it's safe to say that this parking plan will come up in the conversation.
A political battle brewing over the New Starts transit funding program could endanger at least $394 million for Minneapolis's Central Corridor light-rail line. (Star-Tribune)
The North Carolina DOT has launched a campaign to combat junk in your trunk. Drive lighter, save money at the pump:
Ray LaHood takes to his blog -- and Twitter, and Facebook -- to defend the president's high-speed rail plan in the face of critics. "As the Secretary of Transportation, let me be clear: there is no amount of money that could build enough capacity on our highways and at airports to keep up with our expected population growth in coming decades."
Greece's socialist government was able to pass its sweeping public transportation reform legislation in a final vote two hours past midnight on Wednesday, despite protracted strikes since December. (Dow Jones)
NY's Metropolitan Transportation Authority has refused to move from a parking lot slated to be turned into a park on Greenpoint's waterfront. (NY Daily News)
Is Burlington's pro-bike policy part of the secret behind Vermont's low unemployment rate? (Good)
An app to report potholes has come to Boston. (Wired/Autopia)
Top Transportation Nation stories we're following: We look at the politics behind the iconic beleaguered middle class driver. Senator Jeff Sessions weighs in on high-speed rail -- and what he thinks transportation policy should focus on. Montana grapples with megaloads. Houston's light rail system stands to get more money if the president's budget is passed. And: we just can't get enough of love on the subway.
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Monday, November 22, 2010
Matthew Bishop, US business editor of The Economist and author of The Road from Ruin: How to Revive Capitalism and Put America Back on Top, talks about the fiscal crises in Greece and Ireland and what other countries can learn from them.
Tuesday, November 02, 2010
By Annmarie Fertoli : Associate Producer at WNYC
The BBC reports that two mail bombs exploded in separate incidents on Tuesday, one at the Swiss embassy and another at the Russian embassy in Athens, Greece, and that additional suspicious packages addressed to other embassies in Athens were also intercepted. No injuries were reported.
Friday, May 14, 2010
Over the past few weeks, the debt crisis has unfolded with violence and drama in Greece and the European Union. We take the pulse of the Greek-American community here in the U.S. and hear how problems back in Greece are affecting those who live here.
Monday, May 10, 2010
- Greece's Bailout: In an effort to limit the global scope of Greece's financial crisis, European governments and the IMF have pledged almost one trillion dollars in emergency funding to Eurozone countries. BBC Europe reporter Dominic Hughes explains.
- Sports Takeout: Dallas Braden from the Oakland Athletics threw a perfect game yesterday against the Tampa Bay Rays. Takeaway sports contributor, Ibrahim Abdul Matin recaps the game, and looks ahead to the NBA Conference Finals.
Friday, May 07, 2010
By John Hockenberry : Host, The Takeaway
The sub-prime mortgage crash of two years ago was not about mortgages and it was not about complexity of derivatives and the cross-betting lunacy of credit default swap insurance voodoo. It was about the simplest thing in economics: price. If you can’t find a price, there is no sale, no market, no value, no money. In that instance, everything seizes up and you see what happened yesterday, for a while, on Wall Street.
Thursday, May 06, 2010
The European Central Bank meets in Lisbon today to try to find a way to stop Greece's economic crisis from spreading. Meanwhile, Greece's parliament is set to vote on budget cuts to help curb the country's debts. Theo Legget, business reporter for the BBC fills us in on how the crisis may affect European and American interests.
Thursday, May 06, 2010
- Turmoil in Greece: We get an update on the economic turmoil in Greece that has sparked social outrage and mass protests. The BBC's Malcolm Brabant describes the shock felt after the violent protests.
- Sports Takeout: Sports contributor Ibrahim Abdul-Matin, recaps last night's NHL playoff action, and previews tonight's games, as the San Jose Sharks go for the sweep and jugular of the Detroit Red Wings.