Streams

 

Recession

On Being

[Unedited] Esther Sternberg with Krista Tippett (On the Economic Crisis in Biological Terms)

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] Martin Marty with Krista Tippett (On Repossessing Virtue: Trust in Uncertain Times)

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] Sharon Salzberg 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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The Takeaway

Is the Recession Over? (Next, a Jobless Recovery.)

Tuesday, July 28, 2009

Over the last two weeks, good economic news has been rolling in: there were big quarterly profit reports from banks and Ford and the Dow is trading over 9,000. Is the recession over? Friend of The Takeaway Dan Gross, columnist for Newsweek and Slate.com, joins us with his take on the economy, including the prospect of a jobless recovery.

For more, read Dan Gross' cover story, The Recession is Over, in Newsweek.

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The Takeaway

The Long Haul: A Trucker's View of Economic Recovery

Tuesday, July 28, 2009

Economists offer an academic view of the economy—they know the numbers, the rates, and the interest. But if you want to know the reality behind those numbers and find out what's happening on the ground, there's only one view: the trucker's view. Cliff Hagedon owns Fort Gratiot Express trucking; he carries freight across the nation. The more people buy, the busier he is. He joins The Takeaway from the road on his way to Texarkana.

"I don't believe that we're completely out of the recession, but we are making a huge turn."
—Truck driver Cliff Hagedon on the end of the recession

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Studio 360

Forever Young

Friday, July 17, 2009

Kurt Andersen notes that his generation, the baby boomers, have never stopped embracing their inner child. Fad-happy, spendthrift, and impulsive, America followed their lead. Could the recession be a last chance to grow up?

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The Takeaway

Are Markets the Best Economic Indicators?

Wednesday, July 15, 2009

Yesterday, Goldman Sachs made headlines with their record quarterly earnings, taking in $3.44 billion in just four months. That may be a sign of a strenthening economy. And yet unemployment has continued rising: nationally 9.5 percent, the highest rate in 26 years. Which of those two numbers tells us where the economy is headed, and which just tells us where its been? Here to help us figure that out is Lakshman Achuthan, managing director of Economic Cycle Research Institute (ECRI), a company that forecasts recessions and recoveries.

"By April it was clear the recession would be over this summer. I don't think the man on the street will feel that until the fall when they're looking in the rear view mirror. Because really your gut feel is the rear view mirror feel."
—Lakshman Achuthan on lagging economic indicators

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The Takeaway

Record Earnings, Record Bonuses for Goldman Sachs?

Tuesday, July 14, 2009

Goldman Sachs has just released their earnings report showing that they made a jaw-dropping $3.4 billion profit from March through June. How are they doing it while the rest of the nation is facing bleak economic times? And what do record profits mean for the employees of Goldman? Graham Bowley, financial reporter for The New York Times, joins us for a closer look at the numbers.

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The Takeaway

In Their Wildest Dreams: Goldman's Record Payday

Tuesday, July 14, 2009

The financial markets were in a frenzy yesterday after rumors started circulating about Goldman Sachs' earnings. Most analysts were expecting a record $2 billion in second quarter profits from the investment bank. Now the numbers are out and Goldman's profits are even bigger than expected: $3.44 billion dollars profit from March through June. Ed Welsch, a markets reporter for the Dow Jones Newswire, joins The Takeaway with more on this story.

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The Takeaway

Goldman Sachs: When Good News Is Bad

Tuesday, July 14, 2009

Today, Goldman Sachs announced massive profits from the second quarter— $3.4 billion dollars. But as they announced the good news, they had to brace themselves to deal with some inevitable public outrage. How can Goldman avoid a public relations nightmare? The Takeaway is joined by Jonathan Bernstein, President of Bernstein Crisis Management, Inc.

"It's a choice: does Goldman Sachs want to be known as successful and arrogant about it or successful and humble? Humble is a lot smarter because their continued success is not guaranteed, and their former arrogance can come back and bite them."
—Jonathan Bernstein, professional crisis manager, on how the banking giant should behave in the face of its record profit

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The Takeaway

Damned If You Do: Profiting in a Recession

Tuesday, July 14, 2009

While much of America remains mired in a recession, Goldman Sachs is booming. The investment bank just paid back the $10 billion loan it took from the federal government last year and today Goldman is expected to announce a $2 billion dollar profit in its second quarter earnings report. How did Goldman go from bust to boom so quickly? Joining The Takeaway with their analysis are Matt Taibbi, a contributing editor to Rolling Stone, who wrote a scathing article on Goldman's practices, and Graham Bowley, a financial reporter for The New York Times. Graham's article on Goldman's expected earnings set off a market buying frenzy.

For more, read Matt Taibbi's article Inside the Great American Bubble Machine, in Rolling Stone. Also, read Graham Bowley's article, For Goldman, a Swift Return to Lofty Profits, in The New York Times.

"The entire Wall Street knows that this bank isn't going to go under because the government just isn't going to allow it."
—Matt Taibbi of Rolling Stone on the high earnings of Goldman Sachs

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The Takeaway

Let's All Go to the (Increasingly Empty) Mall!

Friday, July 10, 2009

Last month's retail sales numbers showed a decline of 6.7 percent. As the recession drags on, one American institution has been particularly hard hit— the mall. The economic downturn is emptying storefronts across America and is causing some owners to get creative, using mall space for new purposes: office space, water parks, classrooms. Joining The Takeaway is Rick Newman, Chief Business Correspondent, U. S. News & World Report and Mark Rowh, the vice-president for planning and advancement of New River Community College in Christiansburg, Virginia. His community college opened an outpost at the New River Valley Mall in 2007, which he says has driven up traffic and sales at the mall.

Robin Sparkles says it best:

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The Brian Lehrer Show

More videos from our contest

Thursday, July 09, 2009

Jazzgiving by Tom Guiney

The Great Recession: How My Life Has Changed by Jamie Flanders

No One Goes ...

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On Being

Paul Zak — The Science of Trust: Economics and Virtue [remix]

Thursday, July 09, 2009

In a few breathtaking months, we've culturally moved from seeing Wall Street as an icon of thriving civil society to discussing its workings with book titles like House of Cards and Animal Spirits. As part of our ongoing Repossessing Virtue series, we loo

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On Being

[Unedited] Paul Zak with Krista Tippett

Thursday, July 09, 2009

In a few breathtaking months, we've culturally moved from seeing Wall Street as an icon of thriving civil society to discussing its workings with book titles like House of Cards and Animal Spirits. As part of our ongoing Repossessing Virtue series, we loo

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The Takeaway

More Unemployment, More Murders and Suicides

Wednesday, July 08, 2009

A new study reveals a surprising cost of rising unemployment: during a recession, murder and suicide rates increase. The solution? Support groups. Here to tell us more is study co-author David Stuckler, a sociologist fellow at Oxford University. Stuckler is joined by American Chet Kaminski, currently an accountant who this past spring was compelled to join a social unemployment network after eight months without a job.

You can read the study about the public health affects of job loss by checking out the journal article in this week's issue of the medical journal, The Lancet.

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WNYC News

NY State Offers Businesses Programs to Survive the Recession

Monday, July 06, 2009

rangelDepartment of Labor Commissioner Patricia Smith is traveling throughout New York State encouraging businesses to take advantage of three government programs. Smith says these programs can help employers and workers survive the recession.

The Shared Work Program

If a business ...

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The Brian Lehrer Show

More videos from our contest

Monday, July 06, 2009

From Wall St. to Pour Gourmet by Anita Schillhorn van Veen

The Great Recession: My Life After the Layoff by Jamie Flanders

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The Brian Lehrer Show

More Videos for Your Uncommon Economic Indicators

Wednesday, July 01, 2009

Your Uncommon Economic Indicators contributor St. John McKay asks, "What has happened in the church during the recession? Do more or less people go? How about donations?" Here is one of his video contest entries:

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