Tag: Economic Security

The Takeaway

International Business Reacts to Mid-East Protests

Friday, February 18, 2011

Bahrain’s capital city Manama is under military control as the nation tries to clamp down on the popular demonstrations that have swept across Tunisia, Egypt, Libya and elsewhere. The country's protestors may or may not be successful in building a democratic government, but one thing is for sure: civil unrest is not good for business. Just two weeks before Formula One teams are scheduled to arrive for winter testing on the Bahrain International Circuit, the 2011 Gulf Air Formula 1 Bahrain Grand Prix is in doubt. Sports are in many ways the least of the region's worries, but will bad business play a role in the unrest? 

Comment

The Takeaway

Is Fired the New Retired?

Friday, November 06, 2009

The latest unemployment numbers are out, and as expected they rose. The unemployment rate is now at 10.2 percent, and 190,000 jobs were lost in October. The numbers are surprising and reveal that the recovery on Wall Street is not reaching most of America. But buried in those data are startling numbers of older workers who are being hit hard by the rise in unemployment. Louise Story, business reporter for the The New York Times, brings us the story. The Takeaway's correspondent Femi Oke went to the New York State Labor Office yesterday to talk to older workers among the job hunters there.

Comment

The Takeaway

Takeout: A Run on the FDIC

Tuesday, September 29, 2009

When the Federal Deposit Insurance Corporation (FDIC) meets later today, it will have to address a key question raised by the tide of bank failures: Will the the government agency run out of money? And what can they do about it? We speak with Louise Story, finance reporter for The New York Times.

Comment

The Takeaway

Judge Sends SEC, Bank of America to Trial

Tuesday, September 15, 2009

As President Obama spoke on Wall Street about the urgent need for tighter financial regulation, a federal judge issued a scathing ruling about how poorly regulators have been doing their job. The judge rejected a $33 million settlement between the SEC and Bank of America, saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial. We talk to Louise Story, Wall Street and finance reporter for our partner, the New York Times.

Comment

The Takeaway

Does High Unemployment Mean the Death of Macho?

Thursday, July 02, 2009

This morning the unemployment numbers come out and there is a strong chance that they could reach the double digits. The economy is hitting men particularly hard. From the corporate suites to the construction sites, since November, more than 80 percent of job losses in the U.S. have fallen on men. For a look at what this means for both men and women in the workforce, we are joined by Kelly Evans, she is the economics reporter for the Wall Street Journal. We are also joined by Riehan Salam, a fellow at The New America Foundation; he’s written a new piece on this for Foreign Policy magazine titled The Death of Macho. And for an up close look on how the recession is affecting men we turn to Michael Doyle. Doyle is the Vice President and General Manager of the Southeast Division of Manpower, which is an employment service provider.

Comments [2]

The Takeaway

Pomp In These Circumstances: What's a College Degree Worth?

Tuesday, May 12, 2009

For high quality video, click the "HQ" button.

Today we’re kicking off our series “Pomp in these Circumstances.” Over the course of this week we’ll be looking at the challenges that high school and college graduates are facing in these difficult economic times. This year 3.2 million students are expected to graduate from high school and of those, roughly 70% will go on to get a college education. But with two-thirds of college graduates carrying debt—and the average student loan debt topping $20,000 dollars— is a college degree worth it? What does it get you in today’s global economy? Joining us to talk about the value of a college education is career counselor and higher-education policy writer, Marty Nemko.

Comments [6]

The Takeaway

Share your tips for finding work in a down economy

Thursday, April 30, 2009 - 06:45 AM

Jobless numbers are the highest levels in decades and there's been little good news for people who find themselves without work. But, believe it or not, there is still such a thing as a growth industry. It's just a matter of knowing which doors you need to get a foot into. Share your tips for finding work in a down economy. Leave a comment below, call 1-877-8-MY-TAKE or email us at mytake@thetakeaway.org.

Related:
Despite a tough economy, some industries are still hiring
Getting to "You're hired!" by any means necessary
Recession depression and other woes of the employed
Personal stories of unemployment

Comment

The Takeaway

A year after visiting the food pantry, a grandmother leaves her foreclosed home

Thursday, April 30, 2009

When we spoke with Janie Larson a year ago, the soaring cost of oil, the rising cost of food and the months of unemployment that she had just emerged from had her going to a food bank for the first time. One year later, we check in with Janie to see how she's been weathering this economic climate.

Comment

The Takeaway

The Takeaway checks in with fifth grade teacher Janet Kunkel

Tuesday, April 28, 2009

This week we’re marking our one-year anniversary by checking in with the people who have been, in many ways, the backbone of the show. From the plummeting economy to the Presidential election, we’re returning to those who gave these big national headlines a very real and personal voice. Mrs. Kunkel and her fifth graders were recurring guests throughout the election. When we last heard from them it was October and Mrs. Kunkel’s 10- and 11-year olds were pretty much fixated on who would be our next president. As the Obama administration nears its 100-day milestone we are checking back in with Janet Kunkel. She joins us from Boiling Springs, PA where she teaches at Iron Forge.

Comment

The Takeaway

The Takeaway checks in with small business owner Laura Richards

Monday, April 27, 2009

This week we’re marking our one-year anniversary by checking in the people who have helped us understand the lives behind the numbers on the news. Real people with real stories about every issue from the Presidential campaign to the impact of the housing crisis to the state of the economy. Laura Richards is one of the voices we heard earlier this year. She owns two California Tortilla restaurant franchises in Maryland. We met her in October when small businesses were the canaries in the economic coalmine. At the time Ms. Richards was hoping to expand her franchise, just as credit was freezing. She joins us from Annapolis with an update.

The Takeaway is looking at the economy through the eyes, webcams and cell phones of Americans. Watch the stories and add your own.

Comment

The Takeaway

The Takeaway checks in with enterpreneur Jim Svetz and student Jesse Acosta

Monday, April 27, 2009

This week we’re marking The Takeaway's one-year anniversary by checking in the people who have been, in many ways, the backbone of the show. We’re not talking about the newsmakers, we’re talking about the folks who have been living the news. From the plummeting economy to the Presidential election, we’re returning to those who gave these big national headlines a very real and personal voice. We’re kicking off the conversation with entrepreneur Jim Svetz. We first met him last September. He was the CEO of Muddy Cup, a small coffee house franchise in upstate New York. He was dealing with hostile bankers, an uneasy partner, and customers who had financial jitters. And back then economists weren’t even confident that we were in a recession. Jim joins us from Beacon, New York with an update.

We also are checking back with Jesse Acosta, a student in the Class of 2009 at the Yale School of Management. As a veteran of both the Iraq and Afghanistan wars he is used to surviving in tough times. And all his hard work has paid off, because he has a job lined up for next year. He joins us with his take on the mood on campus.

The Takeaway is looking at the economy through the eyes, webcams and cell phones of Americans. Watch the stories and add your own.

Comment

The Takeaway

March unemployment numbers show increase in job losses

Friday, April 03, 2009

New unemployment numbers out today reveal that the U.S. economy lost 663,000 jobs in March and jobless rate jumps to 8.5 percent, the highest since late 1983. The U.S. continued to shed jobs at an unrelenting clip in March, pushing total losses since the recession started 16 months ago past five million. The figures are a sober reality check on the economy after some mildly encouraging news on housing, automobiles and manufacturing. But on hearing the news, the markets jumped. So what do the numbers really mean? We turn to Kelly Evans, an economics reporter for the Wall Street Journal.

Comment

The Takeaway

Ta-Nehisi Coates' take on the American dream

Friday, March 13, 2009

In Post-World War II America, when the American Dream was in full bloom, African-Americans were systematically written out of the narrative. Key programs of FDR’s New Deal consciously excluded African-Americans and reinforced patterns of racial segregation. Today as we see the dream dwindling, a new Pew study reports that African-Americans are the most optimistic group about their economic future. An upbeat vision that persists even though unemployment among African-Americans is at 13.4 percent; a rate that surpasses the nationwide average.

Joining The Takeaway to sort through the trajectory of the African-American experience in pursuit of the American dream is Ta- Nehisi Coates. Coates is a contributing editor and blogger for The Atlantic, he’s also the author of “The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood”.

Comment

The Takeaway

Reimbursing Madoff's victims: How funds might be distributed

Thursday, March 12, 2009

Legendary trader, Bernie Madoff is expected to plead guilty to 11 felony charges for allegedly pulling off what could be the largest Ponzi scheme in history. The billions of dollars that he supposedly swindled is estimated to be within $50 to $65 billion. Whether or not his victims will ever see that money remains unknown. But supposing that they would be compensated, how would that money be distributed?

Joining The Takeaway to explain what it would take to financially compensate those caught up in Madoff’s investment web is Ken Feinberg, a Washington attorney who served as special master of the September 11 Victim Compensation Fund, which awarded over $7 billion to some 5,300 victims and their families.

Comment

The Takeaway

Life, liberty and the pursuit of happiness in times of economic crisis

Tuesday, March 10, 2009

Trouble viewing this video? Check out the YouTube version.

Today American consumers have nearly $1 trillion of outstanding credit card debt. A quarter of all homeowners are paying more on their mortgage than their home is worth. And unemployment nationwide has reached 8.1 percent. Does this economic crisis put the American dream at risk? Many may wonder that, as a nation, have we so corrupted the fundamental ideals of the American dream of life, liberty, and the pursuit of happiness that we instead find ourselves living through the American nightmare? Joining The Takeaway to help answer this is David Kamp. He’s a contributing editor for Vanity Fair and has written the article Rethinking The American Dream. Kamp joins us for the first in a series of conversations about what the American dream means in this day and age.

Comments [5]

The Takeaway

Negotiating your way out of a layoff: Strategies for saving your job

Monday, March 09, 2009

As the joblessness rate goes up it’s becoming almost commonplace for American workers to consider a plan of action in case they get laid off. But is there a way to be proactive and stave off a layoff? Cali Yost, blogger for Fast Company magazine joins The Takeaway to talk about ways to save your job such as talking to your employer about saving the company money. Yost writes and consults on work and life issues.

"Managers think that if they lay someone off who makes $50,000 they're going to save $50,000, and actually that's not true. It's going to cost them more to let someone go."
— Blogger Cali Yost on the increase in unemployment

Comment

The Takeaway

Dusting yourself off after a layoff

Monday, March 09, 2009

More than half a million Americans lost their jobs last month alone leaving a lot of those unemployed to wonder where they'll end up next. The Takeaway talks to two people about how they've bounced back after being laid off. Gail Ambrosius is a former cartographer for the state of Wisconsin who owns her own chocolatier shop in Madison. And Mike Gill is a former creative director turned Starbucks worker and book author.

Mike Gill discusses his transition from advertising executive to barista.

Comment

The Takeaway

Global markets hit bottom, start digging

Tuesday, March 03, 2009

The global markets took a trip down memory lane yesterday, unfortunately not in a good way. The S&P dropped to its lowest level since November of 1996. The Dow fell below 7,000 for the first time since 1997. The FTSE 100 to a it lowest level in 14 years in dollar terms. Japan's Nikkei slid near its lowest point in 26 years. Michael Hunter, markets reporter for the Financial Times joins us with his take on the gloom-and-doom economy.

"We will in many ways, I suspect, start looking back to early March and late February of 2009 as, perhaps, the beginning of the end.
— Michael Hunter of the Financial Times on the state of the economy

Comment

The Takeaway

The stimulus has passed. Now comes the hard part.

Monday, February 16, 2009

Congress has finally passed the stimulus, but it’s hardly smooth sailing from here. Now federal bureaucracies must adapt to get the money out the door and fast. Neil King Jr., Washington reporter for the Wall Street Journal, joins The Takeaway with a look at the challenges the stimulus presents to the Energy Department and other federal agencies.

For more, read Neil King Jr.'s article, Next Challenge on Stimulus: Spending All That Money in the Wall Street Journal.

Comment

The Takeaway

U.S. loses global popularity contest in face of economic crisis

Friday, February 13, 2009

There are many consequences to the financial crisis, but so far we’ve mostly focused on what will happen to the United States domestically as banks fail and jobs are lost. Now to kick us while we're down, National Intelligence Director Dennis Blair stated that the economic crisis is making us unpopular globally, too, and the sinking economy now ranks among the top security threats to the U.S. For what this means for our reputation and our safety, we are joined by David Sanger, chief Washington correspondent for the New York Times and author of The Inheritance: The World Obama Confronts and the Challenges to American Power.

For more of the New York Times' coverage of this issue, read Mark Mazzetti's article, Global Economy Top Threat to U.S., Spy Chief Says, in today's paper.

"Let's face it: This crisis started here. That's just a fact. And we can argue about whether or it started with bad lending in Florida and California or whether it started with bad judgments on Wall Street, but it started here."
— David Sanger, chief Washington correspondent for the New York Times, on the global spread of the economic crisis

Comment