Louise Story

New York Times

Louise Story appears in the following:

Fannie Mae Penalizes Homeowners Who Walk Away From Their Mortgage

Friday, June 25, 2010

Mortgage giant Fannie Mae announced plans this week to institute a new rule penalizing homeowners who walk away from their mortgages. If homeowners are able to afford home payments, Fannie Mae says they will pursue them in court and restrict their access to future home loans for seven years. The decision will affect many home-owning Americans since the mortgage market is nearly completely controlled by Fannie Mae, and its sister company Freddie Mac, as well as the Federal Housing Administration.

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Ken Feinberg's Curriculum Vitae

Wednesday, June 23, 2010

Special Master for TARP Executive Compensation Kenneth Feinberg—more popularly referred to as the "Wall Street Pay Czar"—has a long history of arbitrating over contentious and sensitive issues. From determining the fair market value of the Zapruder film of John F. Kennedy's assassination to determining the fair market value of the lives of victims of 9/11, Feinberg's history of mediation made him a logical choice to administer the $20 billion escrow fund for victims of BP's oil spill in the Gulf of Mexico.

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Banking Industry Lobbies Against Reform Stipulation

Monday, June 21, 2010

While Congress rushes to complete a sweeping financial reform bill later this week, the banking industry is pulling out all the stops for a last ditch effort to undercut the Volcker Rule—a provision that allows banks to retain some of their most risky businesses. The New York Times' finance reporter Louise Story explains who wins and who loses if the Volcker rule were to be put in place.

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Government Bonds Benefit Wall Street Banks

Wednesday, June 16, 2010

President Obama’s "Build America" bonds were supposed to help cash strapped municipalities pay for roads, schools or construction projects, but they may be benefiting Wall Street banks as well.

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Explaining Goldman Sachs' ' World Cup and Economics 2010' Report

Monday, June 14, 2010

Investment giant Goldman Sachs has faced mounting public disapproval and an ongoing civil fraud suit by the SEC this year, but that hasn't stopped their tradition of analyzing the FIFA World Cup and the countries playing in it.

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Fed Chair Warns Nation's Budget on "Unsustainable Path"

Thursday, June 10, 2010

Federal Reserve Chairman Ben Bernanke had troubling words when he testified before the House Budget Committee on Wednesday. In describing the state of the economy, Bernanke said that the nation’s budget “appears to be on an unsustainable path.”  The New York Times’ Wall Street and finance reporter Louise Story, explains that the chairman’s critique is a serious matter, and discusses the possible further economic pitfalls that lie ahead.

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Will the Oil Spill Bankrupt BP?

Monday, June 07, 2010

BP has promised to clean up "every drop" of the spill. This is an expensive prospect, which has prompted business analysts to advise investors to sell their BP stock. With the cleanup costs and the possibility of litigation, investors may be betting that BP is going down. However, is the company facing banrkruptcy? The New York Times Wall Street and finance reporter Louise Story reports on Wall Street's reaction to the crisis.

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Internal Memo Reveals Wal-Mart Aware of Discriminatory Pay

Friday, June 04, 2010

Discount retailing giant Wal-Mart is facing the largest class action lawsuit in American history. Over one million women say that the corporation pays both salaried and hourly female workers less than their male counterparts.

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Zipcar to Go Public

Wednesday, June 02, 2010

Zipcar, the start-up car sharing company, has filed for a $75 million I.P.O. This comes after a long stretch of companies holding back on going public. New York Times finance reporter, Louise Story responds to whether Zipcar's confidence is a sign of improving economic times.

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AIG Rejects Prudential Sale

Tuesday, June 01, 2010

A.I.G.'s board has rejected a plan to sell its Asian life insurance arm to Prudential, which would have provided the U.S. government with its first major bailout repayment. The New York Times finance reporter, Louise Story, explains why A.I.G.'s shareholders are holding out and what this means for the taxpayer.

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Celebrity Financial Advisor Charged With Defrauding Clients $30 Million

Friday, May 28, 2010

Kenneth Starr, financial advisor to Hollywood celebrities like Wesley Snipes and Sylvester Stallone has been charged with defrauding his clients of $30 million since 2008.

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Dow Closes Below 10,000; Apple Closes Above Microsoft

Thursday, May 27, 2010

Even on a bad day, when the Dow closed below 10,000 for the first time since February 8, Apple Inc. managed to have a good one.  

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Sports: Supreme Court Ruling Shakes Up NFL, Recapping Boston Celtics vs. Orlando Magic

Tuesday, May 25, 2010

The Supreme Court delivered a blow to the NFL on Monday, ruling that the organization is an associaton of 32 separate entities. The anti-trust case was brought by American Needle, an apparel maker from Illinois that lost its contract with the NFL when the league entered into an exclusive 10-year, $250 million deal with Reebok to produce its league-branded merchandise.

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Takeouts: Making Money Off of Whistle-Blowers, Listeners Respond to the Primaries, TMI Online

Thursday, May 20, 2010

  • Financial Takeout: A recently expanded IRA program encourages private actors to alert the agency to tax evaders. In return informants receive a share of the recovered tax dollars. The New York Times finance reporter Louise Story explains this emerging market for hedge fund and private equity firms.
  • Listeners Respond: Takeaway listeners text, call, email and facebook their responses on the shifting political winds here at home.
  • Online Privacy: We're doing an experiment to find out how web users feel about having so much private information online. Here's how you've been responding.

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Takeouts: More Questions About Goldman Sachs' Business Practices, Listeners Respond to Anti-Incumbent Fever

Wednesday, May 19, 2010

  • WALL STREET TAKEOUT: After the SEC filed a civil fraud suit against Wall Street giant Goldman Sachs in April 16th, the company’s executives went on the defense, publicly stating that they operated with nothing but their client’s best interests in mind. Louise Story finance reporter for our partner The New York Times joins us with an exclusive report that puts the accuracy of those assertions in jeopardy.
  • LISTENERS RESPOND: Takeaway listeners tell us what they think about voting out the party in charge, and being "out" in the work place.

 

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Takeouts: Euro Drops to Lowest Since Lehman Collapse, Listeners Respond

Monday, May 17, 2010

  • Finance Takeout: Last week, the euro dropped to its lowest point since October 2008 when Lehman Brothers collapsed. This, despite the $1 trillion bailout from the European Union; it seems that not even twelve zeroes can save Europe from it's current crisis of confidence. To talk about why, we turn to Louise Story, Wall Street and finance reporter for The New York Times.
  • Listeners Respond: Takeaway listeners offered reading suggestions to Supreme Court nominee Elena Kagan.

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Takeouts: New Investigation into Banks, Listeners' Take on Raw Milk

Thursday, May 13, 2010

  • FINANCE TAKEOUT: New York Times finance correspondent, Louise Story, explains a new investigation into eight banks which may have misled ratings agencies in order to inflate the grades of certain mortgage securities.
  • LISTENERS RESPOND: Yesterday we discussed the benefits and risks of drinking raw milk. Our listeners shared their strong opinions about whether milk should be raw or pasteurized.

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Takeouts: SEC Chair Testifies on Flash Crash, Another Attack on Chinese Schoolchildren

Wednesday, May 12, 2010

  • FINANCIAL TAKEOUT:  The head of the U.S. Securities and Exchange Commission warned that it will take time to get to the bottom of last week’s precipitous, if brief, market correction that lead the Dow index to drop almost 1000 points in under an hour. The New York Times' Wall Street and finance reporter Louise Story says that hasn’t stopped the country’s top securities regulator from announcing plans to put in place safeguards from preventing a repeat “flash crash.”
  • KILLINGS IN CHINA: A string of brutal attacks on schoolchildren in China has the country reeling. This morning, seven kindergarten children and one teacher were killed after a man attacked them with a meat cleaver. The Chinese government has clamped down on reporting on this most recent story in order to avoid copycat attacks. Damian Grammaticas, BBC reporter in Beijing, fills us in.

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Computers Play 'War Games' on Wall Street

Monday, May 10, 2010

In the 1983 film, "War Games," a military supercomputer with a personality brought the world to the brink of nuclear annihilation. Today, we’re looking at last week’s “Flash Crash,” during which the Dow Jones Industrial Average dropped just under 1,000 points in under an hour and then bounced nearly all the way back.

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Top of the Hour: Stock Market's Wild Ride, This Morning's Headlines

Monday, May 10, 2010

New York Times finance reporter, Louise Story, fills us in on Wall Street's wacky week; headlines.

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