Economy

The Exchange
9:00 am
Thu June 14, 2012

The Foreclosure Fiasco Continues!

Even though the Housing Market seems to be stabilizing, foreclosures are still a major problem.  Some homeowners, who have tried to negotiate with banks are now going to court, saying they’ve not been able to get any clarity.  Meanwhile,  Lenders say they are making efforts, as they still are wading through an unprecedented number of troubled mortgages.  We'll look how foreclosures are fairing in the Granite State.

Guests

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The Exchange
9:00 am
Wed June 13, 2012

The Savings Dilemma

When the recession began, Americans started pinching their pennies and repaying debt, causing some to speculate that consumers might permanently abandon their free-spending ways.  But now, Americans are again loosening their purse-strings. We’ll  look at how and why our saving habits change and how these variations affect the larger economy. 

Guests

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The Exchange
9:00 am
Thu May 31, 2012

A New Case of the Economic Jitters

With looming debate over the  federal debt and deficits, a recent government report warns the U.S. could fall over a “fiscal cliff", and quite possibly slip back into recession.  On top of that, job growth has been uninspiring and across the pond, European economies remain shaky.  We’ll look at these new fiscal rumblings…and how we may feel them in New Hampshire.

Guests

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Word of Mouth
11:25 am
Mon May 21, 2012

Theatre…NO MORE!

Photo by haydnseek, via Flickr Creative Common

When Arthur Miller’s Death of a Salesman hit Broadway and swept the Tony’s in 1949, it was a middle-class masterpiece – a transformative play that could bring even stoic-factory workers and tough-love fathers to tears. These days, the price of a ticket for the Broadway revival may be as out of reach for the average American family as a pro sports career was for Biff. 

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Planet Money
12:17 pm
Fri May 11, 2012

JPMorgan's $2 Billion Loss, Explained

Chris McGrath Getty Images

What just happened?

JPMorgan Chase, the biggest bank in America, announced that it lost $2 billion on a massive trade placed out of its London office.

What was the trade?

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Economy
5:29 pm
Sun April 22, 2012

Poverty In America: Defining The New Poor

President Clinton prepares to sign legislation overhauling America's welfare system at the White House Rose Garden on Aug. 22, 1996. Today, the ranks of the nation's poor have swelled to a record 46.2 million — nearly 1 in 6 Americans — as the prolonged pain of the recession leaves millions still struggling and out of work.
J. Scott Applewhite AP

Originally published on Mon April 23, 2012 10:50 am

Welfare changes in the 1990s helped slash cash benefit rolls, yet the use of food stamps is soaring today. About 15 percent of Americans use food stamps. The program has become what some call the new welfare.

A big reason why is a deal struck between President Clinton and the Republican-controlled Congress in 1996. At that time, the number of Americans who received cash payments — what's often thought of as welfare — was at an all-time high.

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Economy
6:34 pm
Thu April 19, 2012

U.S. Wallet Closed As IMF Seeks To Build Crisis Fund

International Monetary Fund Managing Director Christine Lagarde made the case for an international crisis fund at a briefing in Washington on Thursday.
Alex Wong Getty Images

On the eve of the spring meetings of the World Bank and the International Monetary Fund, the IMF's managing director, Christine Lagarde, says there's a spring wind blowing in a recovery for the world economy.

But, she cautioned, there are still dark clouds on the horizon — a reference to the continued threats posed by Europe's sovereign debt crisis. Lagarde says making sure the IMF has the resources to manage that threat is this meeting's top priority.

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Europe
5:54 pm
Wed April 18, 2012

Spain Scrambles To Avoid A Financial Bailout

A broker sits in the stock exchange in Madrid. Worries about Spain's finances intensified last week as the country's bond yields rose on international markets, making it more expensive for Spain to borrow money.
Paul White AP

Spain's Prime Minister Mariano Rajoy visited Poland last week and tried to assure international markets that Spain would not join the list of European nations needing a bailout.

"Spain will not be rescued," he said at a news conference. "It's not possible to rescue Spain. There's no intention of it, and we don't need it."

However, Spain's borrowing costs are nearing levels that were followed by bailouts for Greece, Ireland and Portugal.

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It's All Politics
8:46 am
Wed April 18, 2012

Small Businesses Get Big Political Hype. What's The Reality?

Tourists walk near shops in the Maine seaside village of Northeast Harbor.
Dina Rudick Boston Globe via Getty Images

The House is scheduled to vote this week on a small-business tax cut bill offered up by Republicans. It's just the latest piece of legislation to focus on small businesses, which are widely praised in the political discourse as engines of job creation. The adoration is nearly universal — and it reflects something beyond economic reality.

"Small businesses create 2 out of every 3 jobs in this economy, so our recovery depends on them," President Obama said in 2012 at a New Jersey sandwich shop where he met with small-business owners.

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NPR News
8:23 am
Wed April 18, 2012

Rough Patches Behind It, Toyota Tries To Accelerate

A crane lifts a Toyota to the top level of New York's Javits Convention Center on April 2, before the New York International Auto Show.
Joe Polimeni PR Newswire

Paul Schubert and his wife decided to buy a new car last summer — a really fuel-efficient one. After a lot of research, they settled on a Toyota Prius. But there was a problem: They couldn't find one.

The tsunami that devastated Japan in March had dried up supplies of the Prius, which is made in Japan, and a dealer told them they would have to wait — "about four months," Schubert says. "And we thought, well, it'd be, probably, end of November, early December before we were going to have a car."

The Schuberts still had a working car.

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Word of Mouth
2:36 pm
Tue April 17, 2012

The Silicon Valley of the 14th Century

Politicians and pundits frequently proclaim that they know what drives innovation and economic development. Despite their assurances, the chicken-and-egg question of whether quality education creates thriving economies or flourishing economies create good schools has been cycling around for years. For clues, Jordan Weissman, Associate Editor at the Atlantic, looked not to India’s booming IT industry or China’s cadre of engineers, but to Germany, circa 1386, when a papal schism opened up new opportunities for innovation.

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NPR News
3:00 am
Tue April 17, 2012

U.S. Has A Natural Gas Problem: Too Much Of It

Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan. Hydraulic fracturing, or "fracking," to coax out oil and gas has led to a natural gas boom that the U.S. market is having trouble absorbing.
Orlin Wagner AP

Originally published on Tue April 17, 2012 7:43 am

There's a boom in natural gas production in the United States, a boom so big the market is having trouble absorbing it all.

The unusually warm weather this winter is one reason for the excess, since it reduced the need for people to burn gas to heat their homes. A bigger reason, however, is the huge increase in gas production made possible by new methods of coaxing gas out of shale rock formations.

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All Tech Considered
5:35 pm
Mon April 16, 2012

Another Tech Bubble? Maybe Not

Jean-Paul Rodrigue Wikimedia Commons

Originally published on Mon April 16, 2012 7:16 pm

It's beginning to feel frothy in Silicon Valley. Here are a few numbers:

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Latin America
5:06 pm
Mon April 16, 2012

Panama Booms While Poor Watch From Afar

Tourists visit the San Felipe neighborhood in Panama City in December 2011. Panama is experiencing record economic growth, but many fear the benefits aren't trickling down to the poor.
Rodrigo Arangua AFP/Getty Images

Originally published on Mon April 16, 2012 6:12 pm

The Central American nation of Panama is booming. Fueled by a multibillion-dollar expansion of the Panama Canal, a thriving banking industry and capital flight from Venezuela, the tiny nation has the highest economic growth rate in the hemisphere.

But even as the government builds a subway system and markets the country as a tropical paradise for multinational corporations, not everyone is sharing in the prosperity.

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Business
2:50 pm
Tue April 3, 2012

City Rents Rise As Buyers Wait Out Housing Bust

The Stuyvesant Town and Peter Cooper Village apartment complexes in New York City.
Mario Tama Getty Images

Originally published on Tue April 3, 2012 11:05 pm

The turmoil in the housing market over the past few years has scared a lot of people away from homeownership. That means many people who can afford to buy are now renting. With so much demand for apartments, rents are once again on the rise. And in places like New York City, they're near record highs.

A few weeks ago Lauren Weitz got her first apartment in the city. Every night when she gets home from the office, she upholds a New York City tradition.

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