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Wall Street

WNYC News

Madoff to Speak in Court Today

Tuesday, March 10, 2009

Bernard Madoff is likely to speak in court today to clear his lawyer of any potential conflicts of interest. The court appearance will be a warm-up to Madoff's Thursday plea hearing, when he is expected to plead guilty in the Ponzi scheme case. At least ...

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WNYC News

Financial 411: Stearns Warning

Tuesday, March 10, 2009

The meaning of Bearn Stearns' demise, one year later.

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WNYC News

Prime Retail Space Available

Monday, March 09, 2009

What will come next at Union Square South now that Circuit City is gone and Virgin Music is leaving?

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WNYC News

Paterson Wants Stimulus for NY Rail

Monday, March 09, 2009

Governor Paterson released New York's plan to get federal stimulus money for high speed rail service. If the state got the money, the governor is proposing spending it to improve passenger rail service, from Niagara Falls to New York City. State officials say they've identified ...

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WNYC News

NJ Senator Warns Against "Retention Awards"

Monday, March 09, 2009

A member of the Senate's powerful Banking Committee says he's concerned that banks that got bailout money may be bending the rules to give big bonuses that are illegal under a new law. New Jersey Senator Robert Menendez says some banks are offering "retention awards" ...

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WNYC News

NYS Sells Off Midland Insurance

Monday, March 09, 2009

Twenty three years after it took over a bankrupt insurance company, New York State is selling the remnants of the company.

Eric Dinallo is the state superintendent of insurance. He inherited the defunct Midland Insurance company when he took the job in 2007.

DINALLO: Oh my I ...

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WNYC News

Foreclosed Homes Magnet for Crime

Friday, March 06, 2009

Foreclosed homes aren't just an eyesore and a drag on property values. A new report suggests they're also a magnet for illegal activity. Community activist group ACORN says Brooklyn and Queens neighborhoods with high foreclosure rates saw crime increase last year. Mary Fortune has lived ...

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WNYC News

Grape Expectations

Friday, March 06, 2009

Governor Paterson’s move to allow supermarkets to sell wine.

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WNYC News

Bloomberg Troubled by Charitable Tax Deduction Reduction

Friday, March 06, 2009

Mayor Bloomberg is troubled by President Obama's budget proposal, which would reduce tax deductions for charity donations.

Bloomberg personally gave $205 million to over a thousand different charitable organizations last year. He says with endowments down and charitable giving low, this is a bad time for ...

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WNYC News

''A Banker, eh? Can You Make a Living at That?''

Thursday, March 05, 2009

A look at New Yorker money cartoons through the ages.

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WNYC News

Paterson to Take 10 Percent Pay Cut

Thursday, March 05, 2009

With New York facing a $14 billion budget deficit, Governor Paterson says he'll take a ten percent pay cut. The governor, in Buffalo to meet with economic development and business officials, told reporters he would "symbolically make the gesture for the state," but he doesn't ...

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WNYC News

125,000 in NYC Lose Jobs in Last Six Months

Thursday, March 05, 2009

More than 125,000 New Yorkers lost their jobs in the last half year. That's according to the latest state labor department figures. The unemployment rate saw the largest two-month increase in two decades. Almost 4000 job-seekers were feeling those numbers today, at a job fair ...

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WNYC News

When a House is in Danger of No Longer Being a Home

Wednesday, March 04, 2009

How the government plans to help homeowners in trouble.

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The Brian Lehrer Show

They're Bad

Monday, March 02, 2009

Planet Money’s Alex Blumberg of This American Life and NPR international business and economics correspondent Adam Davidson take another look at the financial crisis -- bad banks, toxic assets and taxpayer bailouts.

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WNYC News

More Money for Food Stamps

Thursday, February 26, 2009

WNYC’s Cindy Rodriguez reports on federal stimulus money to boost New York City’s food stamp program.

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WNYC News

ACORN Protest at LI Sheriff's Office

Thursday, February 26, 2009

Long Island families facing foreclosure and members of the advocacy group ACORN gathered outside the sheriff's office in Nassau County today. The group demanded that he suspend all evictions from foreclosed homes until President Obama's homeowners' recovery package goes into effect. They also insisted that ...

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WNYC News

Paterson on NY Stimulus: Speed Over Accuracy

Thursday, February 26, 2009

Governor Paterson pulled out a baseball reference to describe how he thinks federal stimulus money should be spent in New York. Speaking to Brian Lehrer on WNYC this morning, Paterson said money for transportation projects should be spent the way St. Louis Cardinal Ozzie Smith ...

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WNYC News

Fortunoff’s Last Act

Wednesday, February 25, 2009

What the bankruptcy of a jewelry chain says about the retail climate.

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WNYC News

Dividing Up Stimulus Cash

Wednesday, February 25, 2009

Governor Paterson met publicly with legislative leaders to brief them on the transportation grants that New York will receive as part of the federal stimulus package. Lawmakers have expressed concern that they might be left out of the decision-making process for the distribution of billions ...

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WNYC News

Citigroup Check-in

Tuesday, February 24, 2009

WNYC’s Amy Eddings speaks with Crains New York senior reporter Aaron Elstein about the future of the troubled bank.

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