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Money Talking

WNYC

New Yorkers crave informed and intelligent business and economic news. WNYC’s Money Talking brings you just that with lively conversations that go beyond the headlines and the jargon to explore the most important business stories of the week. Every Friday join Jeff Greenfield as he hosts regular WNYC contributors Joe Nocera (The New York Times) and Rana Foroohar (Time). Context, conversation and insight. That’s WNYC's Money Talking.

New Yorkers crave informed and intelligent business and economic news. WNYC’s Money Talking brings you just that with lively conversations that go beyond the headlines and the jargon to explore the most important business stories of the week. Every Friday join Jeff Greenfield as he hosts regular WNYC contributors Joe Nocera (The New York Times) and Rana Foroohar (Time). Context, conversation and insight. That’s WNYC's Money Talking.
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Location:

New York, NY

Networks:

WNYC

Description:

New Yorkers crave informed and intelligent business and economic news. WNYC’s Money Talking brings you just that with lively conversations that go beyond the headlines and the jargon to explore the most important business stories of the week. Every Friday join Jeff Greenfield as he hosts regular WNYC contributors Joe Nocera (The New York Times) and Rana Foroohar (Time). Context, conversation and insight. That’s WNYC's Money Talking.

Language:

English

Contact:

WNYC Radio 160 Varick St. New York, NY 10013


Episodes

The Crisis Before the Financial Crisis

8/17/2018
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Ten years ago, in September 2008, Lehman Brothers failed. It marked a decisive moment in the financial crisis, one where the U.S. economy plunged into what we now know as the Great Recession. With such a momentous anniversary approaching (September 15, if you want to mark your calendar), you can expect there'll be a slew of stories that look back at what happened and where things stand. But there’s another anniversary that’s not getting as much attention. Ten years before Lehman, in 1998,...

Duration:00:08:30

Where are All the Female CEOs?

8/10/2018
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Indra Nooyi, the CEO of PepsiCo, announced this week that she is stepping down after leading that company for 12 years. With her departure, that leaves 24 female CEOs at companies in the S&P 500 index, less than five percent. Earlier this year, during an interview with the podcast Freakonomics, Nooyi spoke about the challenges of getting and keeping women in top positions. "How are you going to attract women to the workforce, where we need them, but allow them to balance having a family…and...

Duration:00:07:43

The Big Business of Cannabis

8/3/2018
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This week, a new policy from Manhattan’s District Attorney Cyrus Vance went into effect. His office will no longer prosecute people for using marijuana (unless it's deemed public safety threat) or for possessing small amounts. "I believe it is more proportionate to the offense to have someone given a ticket to go pay a summons than to be arrested or to have a criminal record," he told WNYC News' Richard Hake. Vance is not alone. Across the country, politicians and prosecutors in more and...

Duration:00:07:43

The Regulatory Rollback Carmakers Thought They Wanted

7/27/2018
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Since his inauguration, President Donald Trump has been talking about boosting America's automobile industry. Specifically, he wants to roll back the stricter standards for carbon dioxide emissions that were placed on cars by the Obama Administration in 2010. The auto industry has been griping about the so-called CAFE standards ever since. Last year, the Alliance of Automobile Manufacturers, an industry group, wrote a letter to the Environmental Protection Agency which read “even under...

Duration:00:07:46

Can The Fed Stop a Trade War?

7/20/2018
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Jerome Powell has only been serving as Chairman of the Federal Reserve since February, but he's already having to contend with some unusual circumstances. This week, he appeared before Congress to speak about the state of the economy. Lawmakers wanted to know what America’s top central banker thinks about President Trump's steadily escalating trade war. Since January, Trump has imposed or threatened to impose tariffs on 10,000 different products the U.S. imports from Mexico, Canada,...

Duration:00:07:45

Deciding the Future of Healthcare

7/13/2018
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If President Trump's nominee to the Supreme Court, Brett Kavanaugh, is approved, he will potentially be making decisions on some of the nation's most contentious issues. That includes topics like abortion, corporate regulation, and healthcare. The Obama-era Affordable Care Act has been at the center of partisan debate since it went into law, and reports swirl of rising premiums and plans that offer few benefits. With yet another challenge to the ACA working its way through courts in...

Duration:00:07:46

A Sign of Future Recession

7/6/2018
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By all accounts, the U.S. economy is doing well, and has been for a long time. Unemployment is at an 18-year low, businesses are growing and the stock market has been on a historic, bullish climb. But some on Wall Street are closely watching one economic indicator — the yield curve — that has a history of predicting an end to all of that: Recession. The yield curve — a somewhat obscure (if you aren't in finance) display of interest earned, or the yield, from treasuries — rises from low to...

Duration:00:07:42

Trump, Trade and Tariffs

6/29/2018
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With all the back and forth lately about trade and tariffs, you can’t be faulted for feeling a bit confused about where exactly the U.S. stands. The Trump administration has already implemented tariffs on steel and aluminum, threatened other tariffs elsewhere, taken a lot of flack from other countries about it — including, critically, China and one of America’s closest allies, Canada — all while Trump and his administration make contradictory public statements on policy. This week on...

Duration:00:08:08

The Conflicts of Wilbur Ross

6/22/2018
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In the Trump administration’s trade deal negotiations, Commerce Secretary Wilbur Ross has a leading role, particularly in China. He’s been in the room with officials in Beijing and is often called upon as the public face of the White House’s policies. This week, he appeared before the Senate Finance Committee hearing to defend tariffs on steel and aluminum. But as that was happening, new reporting from Forbes magazine found that for most of last year, Ross — a former businessman and...

Duration:00:07:38

As Regulators Crack Down, Funds Roll in for Electric Scooters

6/15/2018
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As Silicon Valley creates driverless cars and attempts to commercialize space travel, several companies are aiming to disrupt a much more modest mode of transportation: Short trips taken by motorized, battery-powered scooters. Dockless, app-powered scooters have popped up in cities all along the West Coast in recent months, and tech investors are taking notice. One scooter company, Bird Rides, is reportedly raking in millions from venture capitalists and is aiming for a $2 billion...

Duration:00:08:04

Game Over: The Collapse of Toys ‘R’ Us

6/8/2018
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Back in the day, Toys ‘R’ Us brought to mind cheerful images: lots of kids having fun, rows and rows of shiny toys and games, Geoffrey the Giraffe and a great jingle (got that song stuck in your head now? you're welcome). But the iconic toy company is now closing up shop, laying off more than 30,000 employees and shuttering its U.S. stores amid bankruptcy. It's demise is the cover story for this week's Bloomberg Businessweek, entitled "Tears 'R' Us: The World’s Biggest Toy Store Didn’t...

Duration:00:08:10

Behind the 'Bad Blood' at Theranos

6/1/2018
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When Elizabeth Holmes dropped out of Stanford University at age 19 to found her company, Theranos, she promised to revolutionize blood testing and in doing so, transform the healthcare industry. Her concept was appealing: By drawing a single drop of blood through a simple prick of a finger, her company's high-tech devices could run hundreds of tests at a fraction of the price of traditional blood tests. In the years that followed, Holmes’ lofty goal brought in millions of dollars of...

Duration:00:08:16

How Trump's Economic Policies Are Playing Out

5/25/2018
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President Trump has been in office for a nearly year and a half and in that time, he has pushed through several new economic policies, while proposing many others: Ongoing negotiations with China, massive changes to the tax code, a big move on sanctions on Iran and a scaling back of guest worker visas — all moves affecting business large and small. But as primary elections get underway ahead of the 2018 elections this fall, how are Trump's policies likely to influence people's decisions...

Duration:00:08:51

Bet on It: Sports World Gears Up for Gambling

5/18/2018
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Sports bettors have a lot to celebrate this week. On Monday, the Supreme Court struck down a 1992 federal law that had banned betting on sports in most states. In effect, the decision paved the way for any state to legalize gambling on sports. The ruling comes from a years-long court battle led by the state of New Jersey, which is expected to be among the first states to implement legal gambling. Tax-collectors, leagues, owners and fans are seeing a lot of dollar signs. But who will...

Duration:00:07:50

The 'King of Debt' Bought in All Cash. Why?

5/11/2018
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For years, Donald Trump has boasted that he's the "king of debt" and routinely uses financing to make lots of money. "Nobody knows debt better than me. I've made a fortune by using debt," he said on CBS This Morning in 2016. "There’s nothing like doing things with other people's money," he said during a 2016 campaign rally. But new evidence suggests Trump abandoned his own playbook for debt-backed business deals a long time ago. The Washington Post reports that in the nine years before...

Duration:00:07:38

Buyer Beware: Life After the Fiduciary Rule

5/4/2018
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Back in 2015, President Barack Obama proposed new regulations with a straightforward-sounding aim: Protect everyday investors by ensuring financial professionals serve in the best interests of their clients — "above their own financial interests," he said at the time. Right away, the new measure, known as the "Fiduciary Rule," was opposed and criticized by many in the financial industry. It's implementation was challenged and then further delayed after Donald Trump became President. Now,...

Duration:00:07:38

Getting Uber Back on Track

4/27/2018
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Since its founding less than a decade ago, Uber has grown from a taxi-booking start-up in San Francisco to a multi-billion dollar company operating in 73 countries with 18,000 employees. And the fast-growing company has big ambitions, including plans to go public next year. But while it prepares for that milestone, Uber is facing a lot of challenges. The company is fighting regulations, protests and competitors all over the world. It's also trying to recover from a string of scandals,...

Duration:00:07:31

#MeToo and Wall Street’s ‘Black Hole’

4/20/2018
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As women, and men, the world over reckon with a tidal wave of disclosures about sexual harassment in many industries, an investigation has found a troubling history at the organization that oversees workplace misconduct on Wall Street. For decades, the Financial Industry Regulatory Authority — or FINRA — has supervised disputes involving 630,000 brokers who buy and sell securities. That can also include claims of sexual harassment and hostile work environments. An analysis by The...

Duration:00:07:31

Are ‘Rocket Billionaires’ the New NASA?

4/13/2018
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In February, the billionaire Elon Musk took a big step toward his goal of a manned mission to Mars: His aerospace company, SpaceX, launched a rocket into space carrying a huge payload — including his red Tesla Roadster, complete with a spacesuit-wearing dummy named Starman in the driver's seat — and two booster rockets used in the launch successfully flew back to earth and landed to be used again. The launch was considered a huge success, and is the latest in a series of rocket tests and...

Duration:00:07:45

Sinclair Seeks to Expand as ‘False News’ Script Raises Eyebrows

4/6/2018
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It's a bizarre viral video: Dozens of local news anchors in markets all over the country, reading word-for-word from a script decrying "false news" and media bias. The compilation — created by the website Deadspin — comes from stations owned by the Sinclair Broadcast Group, the local news giant known for its conservative management and right-leaning commentary. Sinclair gave the scripts for the promotional television spot to every station in its network, noting they were "must-run"...

Duration:00:07:46