Streams

 

Recession

The Takeaway

Being Literally Sick of the Economy

Thursday, August 27, 2009

For our Thursday work segment, we're talking about how work, or the lack of it, puts a strain on mental health. Some health experts say that stress from a recession can negatively impact your mind and body. Stress on the economy can lead to stress in your body, in other words.  Joining us is our finance contributor Beth Kobliner, and Dr. Elizabeth Lombardo, a psychologist and physical therapist.

Dr. Lombardo's "GREAT" acronym for avoiding stress-related physical effects:

  • G for Gratitude
  • R for Relaxation
  • E for Exercise
  • A for Assist others
  • T for Take care of yourself

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The Brian Lehrer Show

Who's behind these Uncommon Economic Indicators?

Wednesday, August 26, 2009

Our online collaboration of economic coverage between listeners and the Brian Lehrer Show now has more than 700 posts, and occasionally we get a peek at some of the people producing the content. We thought you'd like to see them too!

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The Takeaway

No More Cash for Clunkers

Monday, August 24, 2009

Having run out of money two weeks ahead of schedule, the Cash for Clunkers program officially ends at 8 p.m. tonight.  Now that it's winding down, how are car dealers and automakers going to get people to come in and buy cars without the $4500 incentive?

We speak to Bill Underriner, owner of Underriner Autos in Billings, Montana; and Mark LaNeve, vice president of sales for General Motors.

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The Takeaway

Reflecting on the Financial Meltdown

Friday, August 21, 2009

Federal Reserve Chairman Ben Bernanke is in Jackson Hole, Wyoming today at the annual meeting of economists and central bankers. Bernanke will address the group with a speech entitled “Reflections on a Year of Crisis.” We speak with Jesse Eisinger, a senior reporter at ProPublica, asking him to provide his own reflections on Bernanke's actions during this economic "year of crisis."

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The Takeaway

Why You Might Start a Business in a Recession

Thursday, August 20, 2009

With so much talk about the ailing economy, it may not seem like the best time to start a new business,  but in our weekly work segment we look at some reasons why it might make sense to do it now. Takeaway contributor Beth Kobliner, author of Get a Financial Life: Personal Finance In Your Twenties and Thirties, joins us with two entrepreneurs who are doing well in the recession: Marva Allen, co-owner of Hue-Man Bookstore in New York, and Jo-Ellen Stammen, who runs her own design business. ...(continue reading)

What they see is [that] bigger, more established competitors may be having to cut back and lay off people, maybe not having that great service they used to have. So a new company could start, a small business could start, and really have that edge.
—Financial author Beth Kobliner on why starting a business during a recession can be a good idea

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The Takeaway

Retail's Rocky Road to Recovery

Wednesday, August 19, 2009

This week many large chain retail stores reported their earnings for the second quarter. While the numbers are down, they are beating analysts' expectations. That must be a good thing, right? Helping us decipher the results is New York Times business reporter Stephanie Rosenbloom.

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The Takeaway

How Do You Spell Recovery?

Tuesday, August 18, 2009

Is the recession ending? Lakshman Acuthan, managing director of the Economic Cycle Research Institute, thinks it is. He spends his days poring over economic indicators in order to make predictions for the business world. He says "forward-looking" or "leading" indicators – such as profits, housing, and commodity prices – are all saying the same thing: recovery is on the horizon.

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The Takeaway

From Our Listeners: We Asked, You Answered

Friday, August 14, 2009

On the recession hitting workers in their 40's and 50's hardest.

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The Takeaway

The Takeaway's Recession Roundtable

Thursday, August 13, 2009

A new Wall Street Journal survey says that a majority of economists think that the recession is over — and that Federal Reserve Chairman Ben Bernanke is doing a great job of managing the recovery.

The Takeaway decided to put together our OWN panel of people to test that theory, and to tell us if they think the recession is over. On our panel of recession experts this morning are both old friends and new: Jim Svetz, an owner of a wine bar in upstate New York; Greg Goodnight, the Mayor of Kokomo, Indiana; Cliff Hagedon, a trucker in Florida; and Kelly Evans, from the Wall Street Journal.

Even as you hear people say the recession is over in the U.S., or in the global economy. You're still gonna hear a lot about weakness and that's why yesterday the Federal Reserve kept interest rates near zero -- I mean that's incredible. [Rates] are incredibly low and they're still saying look, GDP is still down 4% from last year; this is the worst postwar recession. There's still a lot of weakness.
-- WSJ reporter Kelly Evans

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WNYC News

Desperately Seeking Diners

Tuesday, August 11, 2009

The U.S. restaurant industry saw its steepest decline in restaurant traffic in 28 years during the end of the recent spring quarter. Needless to say, New York City eateries, which have always endured stiff competition, are doing their darndest to stay afloat in the current recession. If you’ve walked around ...

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The Brian Lehrer Show

YUEI Videos from The Takeaway

Monday, August 10, 2009

Femi Oke and the Takeaway team are trying their hand at shooting video of some economic indicators--in this case, more practical than uncommon, but still local stories about the economic impact. Perhaps those of you who entered our recent video contest gave them inspiration! Take a look:

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The Takeaway

Practical Economics: Dogs, Cats, & Shoes

Friday, August 07, 2009

Unemployment numbers are due out this morning and economic analyst Lakshman Achuthan, Managing Director of the Economic Cycle Research Institute, joins us with his predictions. In April, Lakshman predicted that we’d be coming out of the recession this summer. We wanted to road test some of your ideas, so The Takeaway's Femi Oke went looking in unusual places for indications on how the economy is doing. First stop: the ASPCA in New York City, where the rates of pet adoptions tend to follow people's economic well-being. Could the dogs here give us a peek at which direction the economy is going?

Next stop: Wall Street, but not to visit the banks. Instead, Femi spoke with cobbler Minas Polychronakis, who for over 30 years has been repairing shoes for rich and poor alike.

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The Takeaway

Grim Economic Indicator: A Pile-Up in the Morgue

Thursday, August 06, 2009

Detroit has been hard hit in this recession. As we continue to look at economic indicators, Charlie LeDuff, reporter with the Detroit News, and Dr. Carl Schmidt, the Wayne County medical examiner, join us to tell of a sad side effect of the weak economy: families unable to afford funerals.

"People are ashamed to come to the office and tell us they can't afford to arrange a funeral.... And if someone tells us to please wait while they get their affairs in order, then we have to respect their wishes."
—Dr. Carl Schmidt, Wayne County Medical Examiner, about bodies piling up in the city morgue

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The Takeaway

Stormy Weather in the Forecast for Unemployment

Thursday, August 06, 2009

As we wait for the latest unemployment numbers to be released tomorrow, Peter Morici, a professor at the University of Maryland's business school, joins us with his forecast. We also talk to Jozen Cummings, who was an articles editor at the now-closed Vibe Magazine, about why he won't look for work in a different field, despite the challenge of working in a diminishing sector of the economy. We also speak with Wayne Cooper, a recently laid off pre-press printing technician from Clearwater, Florida, about the challenge of figuring out your next step.

Those numbers simply have to come down or Barack Obama's in a lot of trouble not just on restoring recovery but getting things like his health care policy through. It's becoming increasingly apparent that he's been focusing on the wrong ball --dividing up the pie instead of worrying about the fact that the pie is disappearing completely!
—Prof. Peter Morici on the unemployment numbers impact on economic recovery

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The Brian Lehrer Show

Wrapping up our Video Contest

Friday, July 31, 2009

It was great to meet our three video contest finalists and their friends in the Green Space on Thursday, and to celebrate all of the Uncommon Economic coverage you have helped us produce this year.

...

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On Being

Repossessing Virtue: Wise Voices from Religion, Science, Industry, and the Arts [remix]

Thursday, July 30, 2009

As the global economic crisis began to unfold this past fall, we wanted to respond immediately, in our way. We began to conduct an online conversation parallel to but distinct from our culture's more sustained focus on economic scenarios. For in each of o

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On Being

[Unedited] Rachel Naomi Remen (On Repossessing Virtue: Economic Crisis as Spiritual Journey)

Thursday, July 30, 2009

As the global economic crisis began to unfold this past fall, we wanted to respond immediately, in our way. We began to conduct an online conversation parallel to but distinct from our culture's more sustained focus on economic scenarios. For in each of o

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On Being

[Unedited] Prabhu Guptara with Krista Tippett (On Repossessing Virtue)

Thursday, July 30, 2009

As the global economic crisis began to unfold this past fall, we wanted to respond immediately, in our way. We began to conduct an online conversation parallel to but distinct from our culture's more sustained focus on economic scenarios. For in each of o

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On Being

[Unedited] Majora Carter with Krista Tippett (Repossessing Virtue: Being More Deliberately Joyful)

Thursday, July 30, 2009

As the global economic crisis began to unfold this past fall, we wanted to respond immediately, in our way. We began to conduct an online conversation parallel to but distinct from our culture's more sustained focus on economic scenarios. For in each of o

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On Being

[Unedited] Anchee Min with Krista Tippett (Repossessing Virtue: Repairing the American Individual)

Thursday, July 30, 2009

As the global economic crisis began to unfold this past fall, we wanted to respond immediately, in our way. We began to conduct an online conversation parallel to but distinct from our culture's more sustained focus on economic scenarios. For in each of o

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