Chris Arnold http://publicradioeast.org en In June Jobs Numbers, Signs For Optimism http://publicradioeast.org/post/june-jobs-numbers-signs-optimism Transcript <p>ROBERT SIEGEL, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. There are plenty of Fourth of July references being tossed around about the latest economic numbers. Some analysts call the new report early fireworks, others caution hold the fireworks. But overall, the news is positive. The Labor Department says employers added 288,000 new jobs last month - more than expected. The unemployment rate fell to 6.1 percent. And that's the lowest unemployment rate since 2008. The stock market hit an all-time high. Thu, 03 Jul 2014 20:09:00 +0000 Chris Arnold 45527 at http://publicradioeast.org T-Mobile Accused Of Billing Customers With Bogus Fees http://publicradioeast.org/post/t-mobile-accused-billing-customers-bogus-fees The Federal Trade Commission says the illegal charges were for premium services customers didn't order. T-Mobile says the suit is unfounded, and that it stopped billing for the services last year. Wed, 02 Jul 2014 09:05:00 +0000 Chris Arnold 45374 at http://publicradioeast.org Housing Market Fake-Outs Stump Economists http://publicradioeast.org/post/housing-market-fake-outs-stump-economists Many homebuyers have been throwing down cold hard cash for their entire house purchase in recent years. Some are baby-boomers who sold a bigger house and are downsizing. Some are investors. Sun, 29 Jun 2014 16:31:00 +0000 Chris Arnold 45168 at http://publicradioeast.org Housing Market Fake-Outs Stump Economists Sluggish Housing Market A Product Of Millions Of 'Missing Households' http://publicradioeast.org/post/housing-market-sluggish-due-millions-missing-households A year ago, the housing market looked like it was finally recovering. Sales and prices were picking up. But then home sales fizzled. Currently, they are down about 7 percent from last spring.<p>A big part of why housing remains so stunted is that there are more than 2 million "missing households" in the U.S. That's how economists describe the fact that fewer people are striking out on their own to find places to live.<p>Instead of renting an apartment or buying a home, a large number of Americans in their 20s and early 30s are living with family or tripling up with roommates. Wed, 18 Jun 2014 20:32:00 +0000 Chris Arnold 44306 at http://publicradioeast.org Sluggish Housing Market A Product Of Millions Of 'Missing Households' SEC To Focus Oversight On High-Speed Trading http://publicradioeast.org/post/sec-focus-oversight-high-speed-trading Transcript <p>DAVID GREENE, HOST: <p>NPR's Business News starts with a modest crackdown on high-speed trading. The Securities and Exchange Commission is taking new steps to regulate high-speed trading on Wall Street though it's not as if the head of the SEC is that worried as NPR's Chris Arnold reports.<p>CHRIS ARNOLD, BYLINE: The author Michael Lewis brought a lot of attention to high-speed trading with his book "Flash Boys" and his claim that the stack market is rigged. Fri, 06 Jun 2014 09:08:00 +0000 Chris Arnold 43280 at http://publicradioeast.org GOP Demonizes Once Favored Cap-And-Trade Policy http://publicradioeast.org/post/gop-demonizes-once-favored-cap-and-trade-policy Republicans say the Environmental Protection Agency will kill jobs and raise electricity prices with new carbon emissions limits. Tue, 03 Jun 2014 09:31:00 +0000 Chris Arnold 42995 at http://publicradioeast.org GOP Demonizes Once Favored Cap-And-Trade Policy Foreclosure Overhaul Comes Too Slowly For Many Homeowners http://publicradioeast.org/post/foreclosure-overhaul-comes-too-slowly-many-homeowners The biggest U.S. banks are still foreclosing on homeowners who qualify for new loans, according to a coalition of non-profits. That's despite settlements aimed at preventing unnecessary foreclosures. Tue, 20 May 2014 09:12:00 +0000 Chris Arnold 41815 at http://publicradioeast.org Missing In The Housing Recovery: New Houses http://publicradioeast.org/post/missing-housing-recovery-new-houses More than five years after the crash, homebuilding is stuck at half its normal level. That's a big drag on the economy. And things aren't looking much better: A report out Thursday shows homebuilder confidence is <a href="http://www.nahb.org/news_details.aspx?newsID=16817">at its lowest level in a year</a>.<p>This severe slump in single-family home construction has been going on across the country. We haven't seen anything close to this kind of a long-term construction slump since World War II.<p>"This is a completely unprecedented collapse," says Ian Shepherdson, chief U.S. Thu, 15 May 2014 21:31:00 +0000 Chris Arnold 41491 at http://publicradioeast.org Missing In The Housing Recovery: New Houses Housing Regulator Has Big Plans In Store For Two Mortgage Titans http://publicradioeast.org/post/housing-regulator-has-big-plans-store-two-mortgage-titans A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded. Tue, 13 May 2014 20:05:00 +0000 Chris Arnold 41284 at http://publicradioeast.org Amid The Device Hype, This Startup Is Taking Wearables To Heart http://publicradioeast.org/post/amid-device-hype-startup-taking-wearables-heart There's been a lot of talk about <a href="http://www.npr.org/tags/172618814/wearable-devices">wearable devices</a> being the next big thing in the technology world. It's easy for the hype to get ahead of the products, but there's actually some serious innovation going on.<p>"What we're going to see over the next couple years is going to be extremely exciting," says Dan Ledger of Endeavor Partners, which consults with the companies that are inventing wearables. "As the technology improves ... Fri, 02 May 2014 07:41:00 +0000 Chris Arnold 40365 at http://publicradioeast.org Amid The Device Hype, This Startup Is Taking Wearables To Heart Putin's Chess Moves In Ukraine: Brilliant Tactics, But Bad Strategy? http://publicradioeast.org/post/putins-chess-moves-ukraine-brilliant-tactics-bad-strategy The game of chess is a national pastime in Russia. And you might say that Vladimir Putin is playing a high-stakes game of geopolitical chess when it comes to Ukraine.<p>Western leaders are plotting how to counter Putin's latest moves with economic sanctions. So to get some insight into what might come next, we talked to an economist who knows Russia — who is also extremely good at chess.<p><strong>Putin Playing From A Weak Position</strong><p>Kenneth Rogoff is a world-renowned economist and professor at Harvard. Wed, 23 Apr 2014 08:34:00 +0000 Chris Arnold 39572 at http://publicradioeast.org Putin's Chess Moves In Ukraine: Brilliant Tactics, But Bad Strategy? How Do Companies Boost 401(k) Enrollment? Make It Automatic http://publicradioeast.org/post/how-do-companies-boost-401k-enrollment-make-it-automatic More Americans are saving for retirement through their employers' 401(k) programs. That's because in recent years they've been given a strong nudge — more companies are automatically enrolling workers in retirement savings programs.<p>Some firms are also automatically increasing the amount employees contribute. Mon, 21 Apr 2014 07:42:00 +0000 Chris Arnold 39396 at http://publicradioeast.org How Do Companies Boost 401(k) Enrollment? Make It Automatic Onlookers Show No Worry Over Market's Week In Tumult http://publicradioeast.org/post/onlookers-show-no-worry-over-markets-week-tumult Transcript <p>MELISSA BLOCK, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish. Volatile, that's the kind of week the stock market had. Investors sold off high-flying technology and biotech stocks. Weak bank earnings also added to the sour mix. The NASDAQ is down 8 percent from its peak this year. The S&P 500, it's off 4 percent. Fri, 11 Apr 2014 20:30:00 +0000 Chris Arnold 38730 at http://publicradioeast.org One More Speed Bump For Your Retirement Fund: Basic Human Impulse http://publicradioeast.org/post/one-more-speed-bump-your-retirement-fund-basic-human-impulse Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.<p>One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.<p><strong>How A Smashed Car Is Like A Smashed Nest Egg</strong><p>A few months ago I got rear-ended and my Jeep Cherokee was totaled. It's the first new car I ever bought. Thu, 03 Apr 2014 22:12:00 +0000 Chris Arnold 38056 at http://publicradioeast.org One More Speed Bump For Your Retirement Fund: Basic Human Impulse How Russia's Annexation Of Crimea Could Hurt Its Economy http://publicradioeast.org/post/how-russias-annexation-crimea-could-hurt-its-economy Russian President Vladimir Putin's swift move to annex Crimea is seen as a sign of strength by many Russians, and it has boosted Putin's popularity at home. But when it comes to Russia's economy, many analysts think Russia's prospects are looking weaker.<p>In recent days, we've seen Russians rallying in the streets, waving flags and celebrating Putin's move to reclaim Crimea as part of Russia.<p>And before that, Putin has been active on the world stage, hosting the Olympics and standing up for Russia's interests in Syria. Wed, 26 Mar 2014 21:38:00 +0000 Chris Arnold 37396 at http://publicradioeast.org How Russia's Annexation Of Crimea Could Hurt Its Economy Report: Most Americans Not Putting Enough Away For Retirement http://publicradioeast.org/post/report-most-americans-not-putting-enough-away-retirement The stock market surge has given a lift to many retirement portfolios. But a new report finds that most Americans haven't saved nearly enough for the kind of retirement they expect. Tue, 18 Mar 2014 09:24:00 +0000 Chris Arnold 36685 at http://publicradioeast.org Bipartisan Plan Reached On Fannie-Freddie Overhaul http://publicradioeast.org/post/bipartisan-plan-reached-fannie-freddie-overhaul Transcript <p>RENEE MONTAGNE, HOST: <p>Senate lawmakers, this week, are announcing a bipartisan plan to overhaul the nation's mortgage market. The stock prices of the government-controlled mortgage giants Fannie Mae and Freddie Mac plunged on the news.<p>NPR's Chris Arnold has our report.<p>CHRIS ARNOLD, BYLINE: If Fannie Mae and Freddie Mac were houses, it'd be fair to say that they had a serious wiring problem which blew up when the financial crisis hit. And the government took them over to get the lights back on. Wed, 12 Mar 2014 10:02:00 +0000 Chris Arnold 36231 at http://publicradioeast.org Signs Point To A Slowing U.S. Housing Market http://publicradioeast.org/post/signs-point-slowing-us-housing-market After rising sharply in 2013, home prices in many areas are leveling off. An interesting and worrisome development for most Americans because their home is often their most valuable asset. Mon, 10 Mar 2014 08:57:00 +0000 Chris Arnold 36052 at http://publicradioeast.org Severe Weather Socks The Economy, But Full Impact Is Unclear http://publicradioeast.org/post/severe-weather-socks-economy-full-impact-unclear The economy often absorbs the impact of snowstorms, such as <a href="http://www.npr.org/blogs/thetwo-way/2014/03/03/285171762/what-a-blast-wicked-winter-storm-spreads-across-nation" target="_blank">this week's storm</a>, without much trouble, but this winter the weather is doing more damage than usual.<p>Sal Sambataro, the manager of Il Cortile in Manhattan, says that when the weather is better, people are packed into the family-owned Italian restaurant. On a recent day, though, the temperature is close to 15 degrees and the doorman wears a furry hat. Tue, 04 Mar 2014 22:24:00 +0000 Chris Arnold 35680 at http://publicradioeast.org Severe Weather Socks The Economy, But Full Impact Is Unclear With Housing Recovery, Mortgage-Market Jobs Dip http://publicradioeast.org/post/housing-recovery-mortgage-market-jobs-dip Transcript <p>JACKI LYDEN, HOST: <p>JP Morgan Chase announced this past week that it's going to lay off 8,000 people this year, most of them in the company's residential home loan business. Home sales are slowing nationwide and are now at their lowest point in 18 months. So, does that mean we headed for another housing swoon? Well, NPR's Chris Arnold says that things might be better than they appear.<p>CHRIS ARNOLD, BYLINE: OK. Let's start with those layoffs. It's always a sad thing when thousands of people lose their jobs, of course. Sun, 02 Mar 2014 12:20:00 +0000 Chris Arnold 35487 at http://publicradioeast.org