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Wall Street

The Leonard Lopate Show

How Moguls and Wall Street Plundered Great American Newspapers

Wednesday, October 05, 2011

In 2000, after the Tribune Company acquired Times Mirror Corporation, it became the most powerful collection of newspapers in the world. Veteran Tribune and Los Angeles Times editor James O'Shea looks at how the Tribune ended up diving into bankruptcy and public scandal. His book The Deal From Hell chronicles how news industry executives and editors made a series of flawed decisions that drove the newspapers to the brink of extinction.

Comments [9]

It's A Free Country ®

The Wall Street Take on Occupy Wall Street

Tuesday, October 04, 2011

The government is in a real pickle here, if the bank stocks continue to collapse, about what they can do. If the idea were floated that there were going to be another bailout, you would have 50 million Americans march on Washington with torches and pitchforks.

Henry Blodget, editor in chief and CEO of Business Insider, on The Brian Lehrer Show.

Comments [60]

The Takeaway

New York Federal Reserve Chair Responds to Occupy Wall Street

Tuesday, October 04, 2011

The Occupy Wall Street protests continue in lower Manhattan today. Demonstrators are protesting perceived excessive greed by the super-wealthy and economic inequality as epitomized by Wall Street. The protests have grown in popularity over the last three weeks, and similar events are happening all over the country, including cities like Boston and Miami. On Monday, The Takeaway spoke with J.A. Myerson, from the media team for the Occupy Wall Street movement, about why he's protesting and what future he sees for the movement.

Comments [18]

The Leonard Lopate Show

Matt Taibbi on Griftopia, Wall Street, and the Financial Crisis

Monday, October 03, 2011

Matt Taibbi, a contributing editor for Rolling Stone, talks about the ongoing American financial crisis, the Wall Street protests, and the commodities bubble that transferred billions of dollars to Wall Street while creating food shortages around the world. His book Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History, newly released in paperback, looks at the biggest players in the financial industry and the politicians who do their bidding.

Comments [20]

It's A Free Country ®

Comments Round-Up: Reactions to Occupy Wall Street

Monday, October 03, 2011

As the Occupy Wall Street protests escalate, so do the comments. Time for a good old-fashioned round-up: Here's what people have been saying on The Brian Lehrer Show and on It's a Free Country. Read and weigh in for yourself.

Comments [64]

It's A Free Country ®

From Christie to Wall Street, All Eyes on New York

Monday, October 03, 2011

We've seen the kind of trouble Rick Perry has gotten into for the very acceptable position he takes in Texas on immigration: It is almost disqualifying for him in these primaries, and I think Chris Christie could face a very similar process.

— USA Today Washington bureau chief Susan Page on The Brian Lehrer Show.

Comments [11]

The Takeaway

Protests Spread After 700 Occupy Wall Street Protesters Arrested

Monday, October 03, 2011

Over 700 protesters from the Occupy Wall Street movement were arrested on Saturday while attempting to cross the Brooklyn Bridge. Police said the arrests were made because protesters were obstructing the roadway, though many protesters have charged that the NYPD tricked them by allowing them onto the bridge. The movement, now in its third week, has spread from a handful of protesters in New York's Zuccotti Park to demonstrations in Boston, Washington, Denver, Los Angeles, and other cities.

Comments [37]

The Takeaway

This Week's Agenda: Wall Street Protests, Jobs Bill, Ben Bernanke

Monday, October 03, 2011

The New York police department arrested over 700 Occupy Wall Street protesters Saturday, for allegedly walking across the Brooklyn Bridge's roadway, instead of using the pedestrian path. Now in its third week, the movement has spread to other cities around the nation. Meanwhile, Fed Chairman Ben Bernanke is scheduled to testify before Congress tomorrow on the economic outlook for the country, and unemployment figures are set to be released Friday, as President Obama continues to push his jobs bill. And Nevada has moved its caucus date back, ahead of Florida's, which will likely affect the race for the Republican nomination.

Comment

The Takeaway

Wall Street Protests Continue

Monday, September 26, 2011

For over a week, groups of protestors angry at the power and greed of corporate America have been marching on Wall Street, as part of an ongoing campaign broadly known as "Occupy Wall Street." On Saturday, several hundred people took part in the march and at least 80 people were arrested. The participants are also fighting against a range of other issues, including healthcare reform and scrapping the death penalty. 

Comments [4]

It's A Free Country ®

The Process is Political: Rick Perry Comes to Wall Street

Tuesday, September 20, 2011

Texas Gov. Rick Perry comes to Wall Street to raise campaign cash. Republicans in Pennsylvania want to divide up the state's electoral votes by Congressional district, while Republicans in Nebraska want to return to the winner-take-all approach. And Maine voters debate a people's veto of a new same-day registration law. 

Comment

WNYC News

Hundreds Gather for Wall Street Protests

Sunday, September 18, 2011

Hundreds of demonstrators marched through the Financial District Sunday as part of Occupy Wall Street, an event organized by activists critical of corporate influence over politics and demanding higher taxes on high-income individuals.

Comments [2]

The Takeaway

How Does Rogue Trading Work?

Friday, September 16, 2011

Over the past twenty-four hours, we’ve learned more about the rogue trader that lost the Swiss bank UBS $2 billion. It turns out that the trader, Kweku Adoboli, had the same job at UBS as Societe Generale's Jérôme Kerviel, whose fraudulent trading cost the bank €4.9 billion in 2008. How does this happen, and what is it that drives these traders to commit fraud?

Comment

The Leonard Lopate Show

Matt Taibbi on the SEC and Wall Street

Thursday, August 25, 2011

Rolling Stone writer Matt Taibbi discusses his latest article, “Is the SEC Covering Up Wall Street Crimes?”  For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed.

Comments [17]

The Takeaway

Markets Plunge: Should We Be Worried?

Tuesday, August 09, 2011

Stock markets went into a free-fall yesterday, witnessing drops reminiscent of the great economic collapse of 2008 that the world has still yet to recover from. The S&P 500 saw all of its stock fall and the Dow Jones industrials fell 634.76 points, the sixth worst drop in over a century. How informative is the S&P downgrade? What can we take from their assessment of Washington?

Comments [2]

The Takeaway

Method Behind Market Madness

Tuesday, August 09, 2011

The markets continued their volatile ways yesterday with stocks taking a major nose-dive. Investors went into panic-mode trying to find anything safe to put their money into. Most put their money into the U.S. government's debt, but uncertainty remains. With so many factors affecting the global markets, how do we decide how investors will react and influence the markets?

Comment

WNYC News

Dow Falls More Than 600 Points as Obama Defends US Credit

Monday, August 08, 2011

On a day when the Dow Jones industrial average fell more than 600 points in afternoon trading, President Barack Obama said the U.S. remains a AAA country despite its credit rating down grade last Friday.

Comments [7]

It's A Free Country ®

Did It Work? Dodd-Frank

Wednesday, July 20, 2011

I don’t want to yell fire in a crowded movie theater, but... these firms are even too-bigGER-to-fail now.

Roben Farzad, senior writer for Bloomberg Businessweek, on The Brian Lehrer Show.

Comments [4]

Soundcheck

Flash Mob Performs iPhone 'Symphony' on Wall Street

Tuesday, June 21, 2011

Passersby walking down Wall Street on Tuesday afternoon came across some unusual sights and sounds. Around forty iPhone owners came together in a circle outside the New York Stock Exchange to perform an experimental 8-minute music piece called “GROUP,” as part of the Make Music New York Festival happening around the city.

Comments [1]

The Takeaway

More US Companies Issuing IPOs on Foreign Exchanges

Wednesday, June 08, 2011

More American companies are going public on exchanges outside of the US. The number of IPOs in the US is reaching historically low levels, as more companies choose to sell their shares on exchanges in Hong Kong, Seoul and other foreign markets. This could affect the US's stature as the world's financial capital and possibly cost the country jobs.

Comment

The Takeaway

Bad Economic News Sends Markets Plummeting

Thursday, June 02, 2011

Stocks plummeted Wednesday after reports that the U.S. factory sector experienced its biggest one-month drop off in May since 1984. Weak factory sector figures, combined with dreary manufacturing data from around the world, and continuing high unemployment doesn't just present a political problem for the Obama White House. Some economists worry the economy could face a "double-dip" recession. "Financial crises are followed by slow recoveries," says Kelly Evans, "Ahead of the Tape" columnist for The Wall Street Journal.

Comments [5]