Economics

World markets jittery after U.S. bailout plan passes

By John Hockenberry and Adaora Udoji October 06, 2008, 10:00 AM

GUEST: Matthew Bishop, The Economist's chief business writer and U.S. business editor. His new book is "Philanthrocapitalism: How the Rich Can Save the World."
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Sports marketers keep their eye on the ball, brace for tough economic times

By John Hockenberry and Adaora Udoji October 06, 2008, 07:43 AM

A trip to the ball park, hockey rink or whatever sports venue suits your fancy has always been a great way to escape from it all for a few hours. But sports marketers are starting to worry that fans and big corporate sponsors are thinking twice about spending at the ball game during tough economic times.
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Wall Street Bailout Bill 101

By John Hockenberry and Adaora Udoji October 06, 2008, 06:55 AM

A bailout of the U.S. financial system has passed Congress and was signed into law by President Bush on Friday. Now what? The Economist’s U.S. Economics Editor Greg Ip tells The Takeaway what the plan is designed to do and how it will function, and explains the best-case and worst-case scenarios.
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European markets drop Monday despite Friday's rescue bill

By John Hockenberry and Adaora Udoji October 06, 2008, 06:54 AM

Guest: Alex Ritson, BBC business correspondent
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"Black Swan" blues, or why what we don't know can hurt us

By John Hockenberry and Adaora Udoji October 02, 2008, 06:55 AM

Former Wall Street trader Nassim Taleb coined the term "black swan" to refer to unpredictable events that shape history and human experience far more than we are willing to admit. His bestselling book "The Black Swan: The Impact of the Highly Improbable" challenges conventional methods of economic forecasting, and has become a sort of travel guide to the current economic meltdown.
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Eyes turn to House after Senate passes Wall Street rescue plan 74-25

By John Hockenberry and Adaora Udoji October 02, 2008, 06:50 AM

Guest: Todd Zwillich, Capitol News Connection
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What ever happened to "Trust thy banker?"

By John Hockenberry, Adaora Udoji, Jesse Baker October 01, 2008, 08:09 AM

With Wall Street in disarray, New York Times Columnist David Leonhardt compares 2008's economic climate to America circa the Great Depression and discusses the loss of trust in the banks.
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Did a lack of good PR sink the bailout proposal?

By John Hockenberry and Adaora Udoji October 01, 2008, 08:04 AM

What was wrong with the Emergency Economic Stabilization Act of 2008 proposed by Bush administration and its congressional allies? It could have been marketing, starting with the use of the word "bailout."
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A revised bailout bill is expected to go to a Senate vote tonight

October 01, 2008, 07:50 AM

Waiting is what we are doing today — waiting for the folks on Capitol Hill to come to some kind of agreement over the bailout bill. or is it a "rescue plan?" Whatever you choose to call it — the Senate has chosen to vote on the bill tonight. But the bill has had a little sugarcoating, including a new provision added that increases the limit on federally insured bank deposits to $250,000 from $100,000. Edmund Andrews, reporter for the New York Times, joins us from Washington.
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After one-day record drop, U.S. markets see early-morning gain

By John Hockenberry and Adaora Udoji September 30, 2008, 11:24 AM

Guest: Gretchen Morgenson, the New York Times
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The political forces behind the financial rescue plan

By John Hockenberry and Adaora Udoji September 30, 2008, 09:42 AM

Guest: Richard Wolffe, Newsweek senior White House correspondent
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President Bush speaks to the markets and says the economy is at a "critical moment"

By John Hockenberry and Adaora Udoji September 30, 2008, 09:22 PM

Guest: David Herszenhorn, New York Times reporter
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Representative Christopher Shays, R-Conn., talks bailout votes and next steps

By John Hockenberry and Adaora Udoji September 30, 2008, 08:30 AM

Guest: U.S. Representative Christopher Shays, R-Conn., who voted for the bailout bill
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What does U.S. economic turmoil mean for the idea of Western capitalism?

By John Hockenberry, Adaora Udoji, Sitara Nieves September 30, 2008, 08:14 AM

Guest: Chrystia Freeland, Financial Times reporter
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Are economists celebrating the House's rejection of the Wall Street bailout?

By John Hockenberry, Adaora Udoji, Lisa Nett September 30, 2008, 08:11 AM

Guest: Jeffrey Miron, senior lecturer, Department of Economics, Harvard University
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Looking at alternatives to a Wall Street bailout

By John Hockenberry and Adaora Udoji September 30, 2008, 08:10 AM

Yesterday, the Dow Jones industrial average dropped 778 points after a federal bailout package failed in the House of Representatives. As market futures waver this next morning and Congress returns to the drawing board, the Federal Reserve and Treasury have some options for the economy.
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After bailout bill fails, Treasury Secretary Paulson goes back to drawing board

By John Hockenberry and Adaora Udoji September 30, 2008, 07:17 AM

Treasury Secretary Henry Paulson came into office two years ago (after tenure as CEO of Goldman Sachs) with an ambitious plan to remake the U.S. economy and tackle thorny problems like privatizing Social Security. Instead, he's become the Bush administration's point man and chief spokesman on a series of historic government interventions in the economy — including yesterday's failed $700 billion dollar bailout proposal for Wall Street.
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House members criticize one another, reject a Wall Street bailout plan 228-205

By John Hockenberry and Adaora Udoji September 30, 2008, 07:13 AM

Today, facing the sound defeat of his Wall Street bailout plan and a historic single-day drop in the markets, President Bush and his advisors will have to go back to the drawing board. In the confusion and flying accusations just five weeks from elections, the House of Representatives rejected the $700 billion plan 228 to 205, with over 100 House Republicans voting against Bush's personal plea.
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Teasing apart the details of the Wall Street bailout bill

By John Hockenberry and Adaora Udoji September 29, 2008, 09:20 AM

GUEST: Gus Faucher, Director of Macroeconomics at Moody’s Economy.com, and frequent contributor to the Dismal Scientist
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President Bush urges Congress to pass Wall Street bailout bill quickly

By John Hockenberry and Adaora Udoji September 29, 2008, 09:19 AM

Guests: Todd Zwillich, Capitol News Connection and Floyd Norris, The New York Times
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President Bush addresses nation ahead of vote on bailout plan

September 29, 2008, 08:28 AM

Guest: Todd Zwillich, Capitol News Connection
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Before the vote, a congressional take on the Wall Street bailout bill

September 29, 2008, 08:28 AM

The $700 billion Wall Street bailout bill heads to the House for a vote today. We talk to Congresswoman Carolyn Maloney, D-N.Y., about the bailout and how it developed over the weekend.
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After a weekend of negotiating in Congress, a bailout bill heads for a vote

By John Hockenberry, Adaora Udoji, Mary Harris, Noel King September 29, 2008, 07:12 AM

The Takeaway talks with two reporters and an economist on the details of a $700-billion Wall Street bailout bill.
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Some economists say a Wall Street bailout isn't necessary

By John Hockenberry, Adaora Udoji, Lisa Nett September 26, 2008, 07:13 AM

Wondering if the proposed Wall Street bailout is a good idea? You're in good company. On Tuesday, more than 100 academic economists sent a letter sent to Congress protesting the bailout. Jeffrey Miron, Harvard University economist, talks with The Takeaway about the resistance to government intervention.
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At the United Nations, international grumbling over U.S. economic troubles

By John Hockenberry and Adaora Udoji September 24, 2008, 08:35 AM

President Bush made the final speech of his presidency to the United Nations General Assembly Tuesday amidst the chaos of a financial meltdown on Wall Street. Neil MacFarquhar of the New York Times discusses President Bush's farewell.
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The credit crisis and Wall Street woes hit businesses, big and small

By John Hockenberry and Adaora Udoji September 24, 2008, 08:34 AM

The credit crisis has hit big business hard, but the blow to consumer confidence will probably mean bad news for small businesses as well. The Takeaway speaks with Dan Gross about the impact of this week's financial free-fall on smaller businesses.
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President Bush addresses United Nations with financial turmoil as backdrop

By John Hockenberry and Adaora Udoji September 24, 2008, 07:06 AM

President George W. Bush made the final speech of his presidential term to the United Nations General Assembly amidst the chaos of the financial meltdown on Wall Street.
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Join the conversation about Economics

  • So that is my check that is on the full story webpage of this piece (and I was on the air briefly at the top of yesterday's second broadcast hour). I was truly shocked that my family received a rebate check, let alone one for $1.00. I would imagine, like me, that most Americans thought that they would get either $1200 (+ extra for dependents)/$600/$300 or nothing at all, depending on their financial circumstances. Instead, it turns out that the IRS used some odd algorithm where, depending on your adjusted gross income (AGI), some people would get between $300 and $1 for their rebate. Some people received $2, $5, $10, $20, etc. At a particular AGI, you would get nothing.

    Personally, I find the notion of a rebate of anything less than $20 ridiculous, largely because of the higher costs to process rebates at these levels. (In addition to the $1 check, we also received a letter from the IRS a month prior, stating that we would soon be receiving $1.00. Oy.)

    I wish that, instead, the government would have pooled the funds given to me and the thousands of others who received $20 or less for their rebate and allocated these funds to lower income households where any extra dollars in their rebate would really help."

    by Lisa, June 10, 12:11PM

    on So What Did You Spend Your Stimulus Check On?

  • This morning, my fourteen-year-old daughter received an interesting lesson on how the press can intentionally or inadvertently filter and control the information that it passes along to the rest of us. We both found it amusing that after you both let the cat out of the bag about how much you (don't) make (obviously, I have no idea how high your salaries are, I just have a guess at how low they aren't). At the request of one listener, you alluded to, but refused to pass along the figure at which the government begins to cutoff the stimulus rebate. Although this response struck us as funny, it also showed us how easy it is for a reporter to control and obfuscate the information that flows to the rest of us. I'm sure many of your listeners would have benefited from learning that the rebate check begins to drop at $75,000 for individuals and $150,000 for couples."

    by Sheila Williams, June 10, 07:49AM

    on So What Did You Spend Your Stimulus Check On?

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