Takeouts: 'The Value,' Yanks Win, Housing
Sports Takeout: The New York Yankees have won the 2009 World Series; Our sports contributor, Ibrahim Abdul-Matin, talks highlights and the number of Mets fans he saw rooting for the guys in...
View ArticleDoes the iPad Live Up to Its Hype?
After weeks of speculation and hype the Apple iPad was unveiled yesterday. What does it look like? What does it do? And will you want to buy one?Nick Bilton, lead Bits Blogger for the New York Times,...
View ArticleHow America Will React to Europe Helping Greece
Newsweek columnist, Dan Gross, tells us how the European Leaders' agreement to give Greece some debt relief may affect the U.S. markets. Among other things, Gross says it might be good news for...
View ArticleTakeouts: Olympics Looks to Skeleton Event, IRS Building Hit in Austin, Texas
AUSTIN PLANE CRASH: Joseph Andrew Stack allegedly flew his small plane into an IRS building in Austin, Texas after confessing on his website in a rambling screed against the U.S. government. Ian...
View ArticleTakeouts: Employer Credit Checks and the NFL Scouting Combine
MONEY TAKEOUT: Lawmakers are taking to action to try and ban employers from running credit checks on potential employees. Louise Story, finance reporter for The New York Times tells us more. SPORTS...
View ArticleAnalyzing National Unemployment
Friend of the show Lakshan Achuthan joins us to tell a tale of two economic Americas. Contrary to popular belief, the current recession has not been all that bad for many Americans. Unfortunately, the...
View ArticleThe Yuan Also Rises: China May Adopt a More Flexible Exchange Rate
Chinese exports are cheap, but it's not all lower wages or efficient production. The cost of exports has been held down in recent years because the Chinese government has pegged the Yuan to the...
View ArticleStates Consider Expanding Gambling as Revenue Stream
Many states across the country are struggling with billions of dollars in budget gaps and several of them are considering expanding some form of gambling to generate much needed revenue. Lawmakers in...
View ArticleSEC Brings Fraud Suit Against Goldman Sachs
On Friday the Securities and Exchange Commission announced a civil suit against Wall Street giant Goldman Sachs, after uncovering what the SEC calls significant evidence of fraud during the run-up to...
View ArticleFinance Regulation Reform 101: Sen. Chris Dodd's Bill Goes to the Senate
The Senate is scheduled to vote today on whether to begin work on the finance regulatory overhaul bill, which President Obama promoted in New York last week. If Democrats have their way, the Senate...
View ArticleEconomy Loses Jobs In June
For the first time this year, the economy lost jobs largely as the result of 2010 census workers losing those temporary jobs in June.The government reported this morning that the nation’s payrolls fell...
View ArticleGM Announces Second-Quarter Earnings
General Motors has announced its second quarter earnings of $1.3 billion. There had been much anticipation surrounding this report, as many were speculating that GM, which came out of Chapter 11...
View ArticleCollective Bargaining Debate Hits New Jersey
When Republican Wisconsin Gov. Scott Walker threatened the collective bargaining rights of Wisconsin’s public sector employees earlier this year, large scale protests assembled almost overnight as the...
View ArticleUS Companies Lobby for Tax Break Holiday
Some of the U.S.'s largest corporations—including Apple, Google and Microsoft—have a lot of their profits saved in low-tax countries overseas. Some of these companies are lobbying Congress and the...
View ArticleNatural Disasters Cost US $32 Billion in 2011 So Far
Though we're only halfway through 2011, natural disasters have already cost the U.S. $32 billion, and that number will continue to climb. Over the weekend, the Suris River crested in Minot, North...
View ArticleShould We Invest $10 billion ‘Peace Dividend’ in Education?
As President Obama announced the draw-down of 33,000 troops from Afghanistan by September 2012, he said it was time for our country to focus on nation-building here at home. The troop reduction could...
View ArticleYour Take: Is Home Ownership Vital to the American Dream?
A new poll by CBS and our partner the New York Times shows that Americans are split on whether owning a home is a safe investment. 49 percent of those polled said it was, while 45 percent said that...
View ArticleIs the US in Denial Over Its Debt?
With the deadline quickly approaching for Congress to make a decision on whether or not to raise the debt ceiling, President Obama warned that failing to come to a negotiation could significantly...
View ArticleMember of Greek Parliament Defends Defaulting
Angry protesters gathered in the streets of Athens yesterday, following a vote on austerity measures which the parliament backed with a vote of 155–138. Was any of this avoidable? Is it possible that...
View ArticleIn Debt Reduction Battle, Where Are the Sacred Cows?
President Obama spoke to the press on Wednesday in his first press conference in three months. He said that Democrats were willing to make compromises on spending, and pushed Republicans to "take on...
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