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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 Influence of Affluence

12/8/2017
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In her exhibit “Generation Wealth,” Lauren Greenfield, a photographer and documentary filmmaker, chronicles how evolving perceptions of money, status and celebrity have transformed societies around the world. The show, on display at the International Center of Photography in New York City, includes interviews, documentary footage and nearly 200 photographs. A photograph of Russian oligarch Ilona and her daughter Michelle, now on display at the International Center of Photography's...

Duration: 00:08:35


Changing the Culture at Work to Prevent Sexual Harassment

12/1/2017
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In the past few weeks, the list of public figures who have been accused of workplace sexual harassment has grown. According to Yuki Noguchi, an NPR correspondent who regularly reports on issues in the workplace, videos and various types of training programs that companies use to prevent harassment have been largely ineffective. "What a lot of sexual harassment trainers will say is that sexual harassment really is something that happens in a culture where there are usually other...

Duration: 00:08:07


Wall Street and the Republican Tax Plan

11/17/2017
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This week, the House of Representatives passed the Republican-led tax reform bill that proposes significant tax cuts for corporations. It passed on a partisan basis with no Democrat voting in favor of the bill. Now, it’s over to the Senate which has to finish crafting its version of tax reform and then vote. If approved — and it's not yet clear if Republicans have the votes to do so — the two bills will need to be reconciled. And while there are differences, both measures propose...

Duration: 00:07:53


The Power of 'Big Tech'

11/10/2017
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In the past few months, the tech industry has come under increased scrutiny. Twitter, Google and Facebook, three of the companies that make up "Big Tech," are being questioned for the role they played in Russian interference before and after the election. More recently, Apple is being criticized for taking advantage of loopholes to avoid paying taxes in the United States. These tech giants — along with other companies like Microsoft, Netflix and Amazon — have become so large and powerful...

Duration: 00:07:55


When Debt Became King

11/3/2017
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The new play, “Junk,” tells a fictionalized story inspired by events from the 1980s, when deal-making, hostile takeovers, and high-yield debt financing (along with excess) were common. Now playing in New York City, the show is centered on the financier reminiscent of Michael Milken. Joey Slotnick (center) playing Boris Pronsky in Ayad Akhtar's "Junk," showing at the Lincoln Center Theater. (T. Charles Erickson /Lincoln Center Theater) "Finance has become the dominant way of our...

Duration: 00:07:46


The Sackler Family, Its Wealth and Opioids

10/27/2017
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In recent years, opioid addiction has become an epidemic in the U.S. As health professionals and policymakers push for more funding to tackle the crisis, one group of people has remained largely quiet: the Sacklers, the family behind the pharmaceutical company Purdue Pharma that manufactures OxyContin. “There's a Sackler wing at the Met. There's a Sackler wing at the Louvre. They put their names on all kinds of things," said Patrick Radden Keefe, a staff writer at The New Yorker. "The one...

Duration: 00:07:54


Stock Market Crashes Happen. It’s Your Response That Matters

10/20/2017
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This week marks thirty years since "Black Monday," when the Dow Jones had its biggest one-day percentage drop in its history. Nowadays, even as the Dow hits record highs, there are still investing lessons to learn from the crash of 1987. If you're planning for your retirement, and believe the stock market will be the best place for you to get grow your money as much as possible, you'll have to learn to "ride out the bumps or the crashes," said Ron Lieber, the “Your Money” columnist for...

Duration: 00:07:56


Lessons Learned (and Forgotten) After the 1987 Stock Market Crash

10/19/2017
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Today marks the 30th anniversary of "Black Monday," one of the worst days in Wall Street history. The Dow Jones lost dropped nearly 23 percent in a single day of trading. These days, it seems like the stock market only goes up. 30 years ago today it crashed. Lest we forget, this is what that felt like. The crash exposed problems in how the markets operated and how they were regulated. In the aftermath, there were Congressional hearings and even the creation of the Presidential Task...

Duration: 00:08:10


When Good Ideas Go Bad on Wall Street

10/18/2017
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Thirty years after "Black Monday" — one of the worst days in Wall Street history — economists and historians are still analyzing the causes of the crash. One factor, a new, financial strategy that had become incredibly popular, “portfolio insurance.” As it turned out, traders, investors and regulators were ill-informed about how this shiny, new tool that was supposed to minimize risk would actually perform in a market downturn. “When you have new technology that is ill-understood, both...

Duration: 00:06:58


Remembering Black Monday, a Day of “Utter Devastation” on Wall Street

10/17/2017
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October 19th marks the 30th anniversary of what's called "Black Monday" when the Dow Jones had its biggest one-day percentage drop in its history; it was one of the worst days in trading in Wall Street ever. To this day, there’s still no agreement as to what exactly sparked the crash, with historians and government officials pointing to a variety of contributing factors. But a major suspect was an investment strategy known as portfolio insurance. "We came so close to a system cracking...

Duration: 00:07:58


Alexa, What City Will Be Home to Amazon’s Second HQ?

10/13/2017
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October 19, 2017, is the deadline for cities and states to submit their proposals for why they should be the home of Amazon's second headquarters. Local business leaders and government officials are especially interested because of the estimated 50,000 jobs and $5 billion in investments that could come with winning the bid. Amazon's influence is ever-growing and according to Shira Ovide, a columnist at Bloomberg Gadfly, "Amazon spent a record amount of money for the company last year on...

Duration: 00:07:52


Taking Trump Seriously, Not Literally on Puerto Rico

10/6/2017
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Nearly two weeks after Hurricane Maria, Puerto Ricans are still struggle with a lack of water, power and food. Looking for ways to help, President Trump had a suggestion that caused a lot of unhappiness on Wall Street: wipe out the island's more than $70 billion in debt. According to William D. Cohan a journalist who wrote about the island's debt for Vanity Fair, this type of financial crisis is especially difficult. "There's no cash flow, so there's nothing really to reorganize around,"...

Duration: 00:07:33


Worst Kept Secret in College Basketball?

9/29/2017
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This week the multi-million dollar world of college basketball got hit with allegations of bribery, corruption and fraud. This comes after a three year investigation that involved wiretaps, an FBI informant and undercover agents. Ten people, including four Division I coaches and an Adidas executive, have been arrested. When it comes to exposing corruption in college basketball, Joe Nocera, a Bloomberg View columnist and the author of Indentured: The Inside Story of the Rebellion Against...

Duration: 00:07:55


Hey Facebook, You've Got Some Explaining to Do

9/22/2017
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Facebook is under increasing scrutiny as more problems — like selling ads to entities connected to Russia — emerge on a regular basis. Despite Mark Zuckerberg's efforts to address the recent controversy, each revelation leads users and elected officials to question how the company operates and self-polices content and advertisements. When it comes to regulations, Rana Foroohar, a columnist at the Financial Times, thinks things are going to change drastically, not only for Facebook, but...

Duration: 00:07:50


It is a Far, Far Better Economy

9/15/2017
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This week, new Census data had good news for New York City: median household incomes rose and the poverty rate declined in 2016. These latest figures come at just the right moment for Mayor Bill de Blasio who has pledged to fight inequality and New York City's "Tale of Two Cities." After easily winning this week's Democratic primary, he's already taking on Republican challenger, Nicole Malliotakis. As a part of his campaign, de Blasio can point to the health of the city's economy. But how...

Duration: 00:07:28


Eight Months In, What Trump Has Been (Un)Doing

9/8/2017
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Congress is barely back in session and President Trump has already struck a deal with Democrats in order to fund the government, extend the nation's borrowing limit and provide financial aid to victims of Hurricane Harvey. If this deal passes, it will only last three months, at which point, everything goes back on the table for negotiations. At the same time, the President is eager to focus on tax reform (or at least tax cuts), legislation to replace DACA and funding the "Wall" along the...

Duration: 00:07:50


Goodbye Diners, Hello Avocado Bars

9/1/2017
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These days it’s hard to tell whether the restaurant industry is struggling or thriving. Diners with their breakfast-all-day, multi-page menus are closing — but niche restaurants like avocado bars and cat cafés are opening. According to the NYC Department of Health there are 26,129 open restaurant permits as of June 28 this year, a steady increase since 2007. With so many dining establishments in this city and others, it’s hard to not wonder: Why do some survive and others don’t? Who...

Duration: 00:08:47


On to the Next One. Trump’s New Focus: Tax Reform

8/25/2017
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Since the spring, the Trump administration has made big promises when it comes to reforming the tax code. "The President is going to seize this opportunity by leading the most significant tax reform legislation since 1986," Gary Cohn, director of the National Economic Council, told reporters back in April. Yet since then, there haven't been many details about how the administration is planning to do this. While Congress is on summer recess until the day after Labor Day, negotiations have...

Duration: 00:07:46


Big Business Walks Away from the President — Sort of

8/18/2017
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This week, several top execs decided to distance themselves from the White House following the president's response to violence in Charlottesville. Shortly after, President Donald Trump disbanded two groups of business leaders put together to advise him on manufacturing and policy. But while big business may seem to be walking away from Trump, the administration is still full of former financiers — and promises to loosen regulations will most likely benefit big corporations. This week on...

Duration: 00:07:39


Student Debt: Paralyzing Lives One Student at a Time

8/11/2017
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This month, students all across the U.S. are getting ready to head off to college. For many of them, preparing for school involves taking on thousands of dollars in student loans that could impact their lives for years to come. Student debt totaled $1.3 trillion at the end of 2016, more than double what it was 10 years ago. The Federal Reserve Bank of New York found that mounting debt could ultimately hurt consumer spending and the upward mobility of low income students. Long after...

Duration: 00:07:44

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