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Personal Finance Investing

The Brian Lehrer Show

Personal Finance Myths

Wednesday, January 09, 2013

Helaine Olen, blogger for Forbes and author of Pound Foolish: Exposing the Dark Side of the Personal Finance Industry, takes a hard look at the personal finance industry and questions some of its practices.

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The Takeaway

China top owner of U.S. public debt

Thursday, November 20, 2008

China now owns more U.S. public debt than any other nation — about one out of every 10 debt dollars — a reflection of its growing global economic influence. Blame wars, bailouts and stimulus plans — all big-ticket and unbudgeted expenses. With China buying our debt, it is, in effect, boosting the U.S. dollar relative to the yuan, making imports cheaper (and more attractive). The United States has imported five times as much as it has exported to China this year.

Top owners of U.S. public debt (as of Sept. 2008):
China $585 billion
Japan $573 billion
United Kingdom $338.4 billion
Caribbean Banking Centers* $185.3 billion
Oil-Exporting Nations** $182.2 billion
Brazil $141.9 billion

* Includes Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, British Virgin Islands
** Includes Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, Nigeria

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The Takeaway

An interactive glossary of the economic crisis

Monday, October 27, 2008

Subprime Mortgages? Mortgage-Backed Securities? Credit Default Swaps? What!? Explore a cloud of the concepts, people, government institutions and companies behind this economic crisis.
Read More

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The Takeaway

Economy Week

Monday, October 27, 2008

The latest economic news is a forecast for another rough week for Americans. American companies in the goods and services sector continue to cut jobs while analysts are looking to new home sales remaining flat and a continued devaluing of the housing market.

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The Takeaway

bailing out homeowners

Wednesday, October 22, 2008

A homeowner bailout now looks more likely than ever. Both presidential candidates, John McCain and Barack Obama, are floating plans to help homeowners stuck with bad mortgages and the threat of foreclosures. But is that the best solution to the problem? New York Times Columnist and Economix blogger David Leonhardt talks about the pitfalls of a homeowner bailout.

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The Takeaway

Economic Week Ahead

Monday, October 20, 2008

Last week's whipsawing stock market and steady march of gloomy economic indicators were enough to make anyone's head spin. BusinessWeek's Jim Ellis helps The Takeaway start off the week with a clear sense of just where the economy is going, and what it's likely to mean for our everyday lives.

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The Takeaway

Is going "postal" the way forward for U.S. banks?

Monday, October 06, 2008

The U.S. economy's troubled banking sector is under fire. Investments banks are being absorbed by commercial banks and Americans are afraid for their money. Michael Lind, a fellow at the New America foundation, has a solution: postal banks — small banks set up through your local post office. These banks once were a key part of the U.S. banking sector. Can they be once more?

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The Takeaway

When will Wall Street woes hit Main Street? Check your credit card statement

Friday, September 19, 2008

As of Friday morning, global stock markets had been staging major rallies after news of a possible government plan to rescue banks from bad mortgage debt. But there have been troubles on Wall Street all week. And everyone wants to know when the troubles will hit Main Street. New York Times economics writer Louis Uchitelle has a suggestion: Look at your credit card statement.

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The Takeaway

"Shifting Careers" blogger offers tips for tough economy as job options shrink

Friday, September 19, 2008

In the last two weeks Wall Street has taken a serious beating. Not only is the economy up for grabs, but jobs are too, especially for anyone working in the financial sector. For those who have already gotten their pink slip, or fear it’s en route, The Takeaway offers tips from Marci Alboher, who writes the New York Times' "Shifting Careers" blog. She’s been culling advice for financial professionals who are — or will be — pounding the pavement.

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The Takeaway

What insurance giant AIG's struggles mean for consumers

Thursday, September 18, 2008

The Federal Reserve Board gave AIG $85 billion to avoid a fire sale of its assets. Just what does this mean for consumers? After riding an economic rollercoaster this week, should consumers hang on for what is next on the scene?

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The Takeaway

Personal finance tips as Merrill Lynch and Lehman Brothers evaporate

Tuesday, September 16, 2008

The stock market has taken a hit the likes of which haven't been seen since the attacks of Sept. 11, 2001. Investors reacting to the bankruptcy filing of Lehman Brothers and Bank of America's purchase of Merrill Lynch sent the Dow plunging more than 500 points. Rob Lieber, New York Times "Your Money" columnist, answers questions about your personal finances.

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The Takeaway

Lehman Brothers for sale... But who wants to buy?

Friday, September 12, 2008

Investment bank Lehman Brothers is continuing its struggle to stay alive today. The stock price is in free fall; its shares fell as much as 11 percent to $3.75 in early electronic trading, after investors rejected a survival plan floated by the company on Wednesday. Now executives are looking for someone to buy the company, or at least make a major investment in it.

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The Takeaway

Lehman Brothers for sale as stock tumbles

Friday, September 12, 2008

Lehman Brothers, the nation’s fourth-largest securities firm, is struggling to stay alive after investors rejected its survival plans. The company’s stock plummeted a further 40% after losing half their value earlier in the week. Lehman executives are trying to find a buyer or investor to save the bank. Ben White, a reporter for the New York Times, discusses the issue with The Takeaway.

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The Takeaway

For Americans navigating rough economic waters, a glimpse of safe shores

Friday, August 29, 2008

Guest: James Politi, Financial Times reporter

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The Takeaway

IOU: Consumer borrowing is on the rise

Friday, August 08, 2008

Times are tough, so people are turning to credit more and more. The Federal Reserve Board says the rate at which consumers borrowed money in June increased more quickly than in any month since November.

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The Takeaway

Don’t swipe that: How to prevent identity theft

Thursday, August 07, 2008

More than forty million people’s credit and debit card details were recently stolen in the nation's largest identity theft crime ever. What can you do to keep your good name?

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The Takeaway

The college credit-card crunch

Wednesday, July 23, 2008

As credit card companies continue to descend upon college campuses, Congress is threatening to make it more difficult for students to qualify for credit. But is Congress protecting students from debt or is it infringing on students’ rights?

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The Takeaway

Financial illiteracy in America and economic crises

Tuesday, July 22, 2008

Is the United States a nation with a fundamental misunderstanding of debt, financing and budgeting? "Freakonomics" author Stephen Dubner and a number of economics say it is. Dubner looks at how an absence of financial education hurts us during times of economic instability.

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