Thursday, August 16, 2012
In an opinion article, a college student who attended New York City schools draws attention to the city's many high-needs schools and their records of failure. "If we fail to attack mainstream economic issues now, then any attempts to improve existing school systems will collapse under a much greater problem: poverty. Empty wallets, empty stomachs and empty minds will persist."
Friday, August 03, 2012
This week a technical glitch in electronic trading sent the stocks of nearly 150 companies, like Bank of America and GE, on a wild ride.
It was the latest in a string of stock market snafus, including NASDAQ's botched Facebook IPO in May and the "flash crash" of 2010 when the Dow Jones Industrial Average plunged 600 points only to recover minutes later.
Tuesday, June 26, 2012
A person writes a "living will" so caretakers will know his wishes if his health starts to fail. Now, nine of the world's largest financial institutions have to do the same thing so regulators will know what to do if one of them fails.
Friday, June 15, 2012
You remember those headlines a few months back warning of $5 a gallon gas?
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.
Tuesday, May 01, 2012
As Occupy Wall Street activists take to the street this week, shareholders of some of the nation’s biggest companies are pushing back against generous executive pay packages or voting against board members.
Wednesday, April 18, 2012
President Barack Obama wants tackle the nation's high gas prices by cracking down on oil speculators and increasing oversight of the oil markets. WNYC checked in with New York Times columnist and station contributor Joe Nocera to get his take.
Thursday, April 12, 2012
Yesterday the U.S. Department of Justice sued Apple and five major publishers on antitrust grounds, alleging they fixed prices of e-books throughout 2010. According to the Department, consumers may have been paying as much as $5 too much for e-books. Three of the publishers have settled. Joe Nocera is an Op-Ed Columnist at the New York Times, and joins us to talk about how book pricing works, and what yesterday's legal actions mean for the future pricing of e-books.
Tuesday, April 10, 2012
President Barack Obama urged Congress to pass the so-called Buffett Rule while speaking in Florida Tuesday – despite the bill’s poor chances of becoming law.
Tuesday, April 03, 2012
This week, President Barack Obama is expected to sign into law the Jumpstart Our Business Startups (JOBS) Act, cutting regulations that supporters say prevent companies from growing but critics say provide crucial investor protection.
Tuesday, March 27, 2012
The House Financial Services Committee will hold its third hearing Wednesday into the collapse of MF Global, the commodities firm once led by former New Jersey Governor and Senator Jon Corzine.
Tuesday, March 20, 2012
Republican Congressional leaders are staking out their positions on the federal budget, setting up what will most likely become another series of policy fights with President Barack Obama this election year.
Wednesday, February 29, 2012
James Murdoch announced Wednesday that he’s stepping down as executive chairman of News International, the British newspaper subsidiary of his father Rupert's media empire.
Wednesday, January 25, 2012
The theme of last night's State of the Union was "an economy built to last." Vowing to protect the middle class and correct economic inequality, President Obama laid out his plans for financial reform: regulating home prices, penalizing banks that participated in the housing crash, imposing the "Buffet rule," and tightening regulations on private equity and Wall Street.
Tuesday, January 24, 2012
President Barack Obama is giving his third State of the Union speech Tuesday night where he’s expected to outline his plans for growing the economy, and possibly previewing themes that will come up during his re-election campaign.
Tuesday, January 17, 2012
The issue of how to keep big banks in check is the topic of national conversation as the country slowly climbs out of the recession. Questions on how to prevent another economic recession and regulate the financial sector are part of the heated debate. Joe Nocera, Op-Ed columnist for the New York Times explains how "complexity risk" — what results when there are too many regulations — could pose a threat to the financial system.