Oct 17th, 2008 · David Faber is a well-regarded correspondent for CNBC whose explorations of market workings and corporate intrigues have won top Peabody and Loeb awards. Faber is agog as he watches the nation switch from a fairly free-market system to one that he jokes is socialist.
Oct 15th, 2008 · The stock market has fallen by 733 points. Retail sales numbers confirmed growing suspicion that a recession has finally arrived and corporate profits will be under great pressure going forward. Fed Chairman Ben Bernanke warned that it will take time for the economy to recover.
Oct 8th, 2008 · The Federal Reserve has taken yet another step in an effort to calm financial markets. It cut a key interest rate by a half percentage point to 1.5 percent. This comes a day after the fed made huge amounts of credit available to corporations.
Oct 7th, 2008 · The Fed and Treasury is considerig entering the commercial paper market, made up of unsecured corporate IOUs extended over a short period of time. We examine just how risky the unprecedented move is.
Sep 30th, 2008 · The financial crisis is going to have an effect on many organizations that are not interested in making any money. Nonprofits rely on corporate donations and interest income from their endowments for special programs, operational support and long-term sustainability.
Sep 23rd, 2008 · A Brooklyn artist is giving Wall Streeters the opportunity to vent their irritation with corporate America. Geoffrey Raymond takes his over-sized paintings of CEOs to Wall Street, then asks passers-by to write comments on his artwork.
Sep 19th, 2008 · Broadway musicals of the 1960s were surprisingly good at explaining complicated economic matters. Before tourists took over the Great White Way, the "tired businessman" was the target audience. These four songs are particularly illustrative of the kind of vaudeville mixed with corporate-speak that the businessman favored.
Sep 16th, 2008 · The financial crisis on Wall Street has made its way into the presidential campaign. Both major party nominees are taking stances on how they would manage the turmoil. On Monday, Republican presidential nominee John McCain blamed the problems on a broken regulatory system and corporate greed. He said the fundamentals of the economy are at risk.