Chris Arnold http://publicradiodelmarva.net en Onlookers Show No Worry Over Market's Week In Tumult http://publicradiodelmarva.net/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 20:00:00 +0000 Chris Arnold 52422 at http://publicradiodelmarva.net One More Speed Bump For Your Retirement Fund: Basic Human Impulse http://publicradiodelmarva.net/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 22:22:00 +0000 Chris Arnold 51980 at http://publicradiodelmarva.net One More Speed Bump For Your Retirement Fund: Basic Human Impulse Big Thinkers Discuss How To Prevent Next Financial Crisis http://publicradiodelmarva.net/post/big-thinkers-discuss-how-prevent-next-financial-crisis Transcript <p>STEVE INSKEEP, HOST: <p>People who think big thoughts about the financial system gathered in Boston yesterday. They were asking how to prevent the next financial crisis.<p>NPR's Chris Arnold reports.<p>CHRIS ARNOLD, BYLINE: Speaking to a room full of bankers and regulators, former Senator Chris Dodd took people back to a moment in 2008. Tue, 01 Apr 2014 10:13:00 +0000 Chris Arnold 51775 at http://publicradiodelmarva.net How Russia's Annexation Of Crimea Could Hurt Its Economy http://publicradiodelmarva.net/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 21:22:00 +0000 Chris Arnold 51498 at http://publicradiodelmarva.net How Russia's Annexation Of Crimea Could Hurt Its Economy Report: Most Americans Not Putting Enough Away For Retirement http://publicradiodelmarva.net/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 08:44:00 +0000 Chris Arnold 50984 at http://publicradiodelmarva.net Bipartisan Plan Reached On Fannie-Freddie Overhaul http://publicradiodelmarva.net/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 50661 at http://publicradiodelmarva.net Signs Point To A Slowing U.S. Housing Market http://publicradiodelmarva.net/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 50516 at http://publicradiodelmarva.net Severe Weather Socks The Economy, But Full Impact Is Unclear http://publicradiodelmarva.net/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 22:29:00 +0000 Chris Arnold 50250 at http://publicradiodelmarva.net Severe Weather Socks The Economy, But Full Impact Is Unclear With Housing Recovery, Mortgage-Market Jobs Dip http://publicradiodelmarva.net/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 50131 at http://publicradiodelmarva.net Grounded And Confounded, Airlines Wait For Storms To Pass http://publicradiodelmarva.net/post/grounded-and-confounded-airlines-wait-storms-pass The snow and ice storms sweeping the East Coast have been felt not only on the ground but in the air, as well. Airlines are cancelling thousands of flights, and both the companies and their passengers have had to deal with the fallout. Thu, 13 Feb 2014 22:07:00 +0000 Chris Arnold 49277 at http://publicradiodelmarva.net January Job Growth Disappoints, But Unemployment Drops http://publicradiodelmarva.net/post/january-job-growth-disappoints-unemployment-drops The U.S. added just 113,000 jobs in January, instead of the 180,000 analysts had predicted. Despite the anemic gains, the unemployment rate inched down to 6.6 percent, the lowest level since October 2008. Sat, 08 Feb 2014 14:43:00 +0000 Chris Arnold 48999 at http://publicradiodelmarva.net Trouble In Emerging Markets Causes Stocks To Take A Tumble http://publicradiodelmarva.net/post/trouble-emerging-markets-causes-stocks-take-tumble Transcript <p>MELISSA BLOCK, HOST: <p>Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?<p>CHRIS ARNOLD, BYLINE: Right. Fri, 24 Jan 2014 22:22:00 +0000 Chris Arnold 48177 at http://publicradiodelmarva.net MIT Housing Survey Focuses On 70 Metro Areas http://publicradiodelmarva.net/post/mit-housing-survey-focuses-70-metro-areas A new report from the MIT Center for Real Estate forecasts home prices in 60 U.S. cities. Whether housing prices are going up or down depends on where you live. Fri, 24 Jan 2014 10:12:00 +0000 Chris Arnold 48138 at http://publicradiodelmarva.net Small-Batch Distilleries Ride The Craft Liquor Wave http://publicradiodelmarva.net/post/small-batch-distilleries-ride-craft-liquor-wave Wherever you live, you're probably not too far from a local microbrewery making beer. Now, the latest trend is the spread of what you might call "micro-boozeries."<strong> </strong>Craft liquor distilleries are springing up around the country like little wellheads spouting gin, whiskey and rum.<p><a href="http://www.turkeyshoredistilleries.com/" target="_blank">Turkey Shore Distilleries</a> in Ipswich, Mass., is one of them.<p>Co-founder Evan Parker<strong> </strong>boils molasses in a giant, 400-gallon copper kettle to distill what the company calls Old Ipswich Rum. Wed, 22 Jan 2014 22:27:00 +0000 Chris Arnold 48057 at http://publicradiodelmarva.net Small-Batch Distilleries Ride The Craft Liquor Wave Obama Unveils New Plans To Encourage Manufacturing Jobs http://publicradiodelmarva.net/post/obama-unveils-new-plans-encourage-manufacturing-jobs Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. President Obama has been talking a lot lately about income inequality. Today, he visited a factory in North Carolina and announced new steps that he said would create more good-paying, middle class jobs. Wed, 15 Jan 2014 22:31:00 +0000 Chris Arnold 47752 at http://publicradiodelmarva.net December Jobs Report Has Analysts Flummoxed http://publicradiodelmarva.net/post/december-jobs-report-has-analysts-flummoxed Transcript <p>SCOTT SIMON, HOST: <p>This is WEEKEND EDITION from NPR News. I'm Scott Simon. Yesterday's jobs report came as something of a surprise after several months of positive economic news. Employers added just 74,000 jobs. Economists had been expecting businesses to generate nearly three times that many. A few people were heartened by the fact that the unemployment rate fell to 6.7 percent, the lowest since October 2008. Sat, 11 Jan 2014 15:05:00 +0000 Chris Arnold 47522 at http://publicradiodelmarva.net $50 Billion Worth Of Tax Breaks Expire http://publicradiodelmarva.net/post/mixed-farewell-fair-weather-tax-breaks Transcript <p>ROBERT SIEGEL, HOST: <p>At the stroke of midnight on New Year's Eve, a bevy of tax breaks expired in Washington D.C., everything from a tax benefit for people who commute to work using mass transit, to a subsidy for NASCAR racetracks. Some of these are probably less crucial for the national economy, but others are vital to the health of certain industries. At least that's what the businesses that benefit say, as NPR's Chris Arnold has been finding out.<p>CHRIS ARNOLD, BYLINE: In all, more than 50 different tax breaks expired at the end of the year. Thu, 09 Jan 2014 22:14:00 +0000 Chris Arnold 47435 at http://publicradiodelmarva.net $50 Billion Worth Of Tax Breaks Expire For The Unemployed, Ideas To Help Bridge The Gap To Work http://publicradiodelmarva.net/post/unemployed-ideas-help-bridge-gap-work When members of Congress return to work next week, at the top of the "to-do" list is whether to renew emergency unemployment benefits. Thu, 02 Jan 2014 23:18:00 +0000 Chris Arnold 47091 at http://publicradiodelmarva.net For The Unemployed, Ideas To Help Bridge The Gap To Work Home Prices Mark Biggest Gains Since 2006 http://publicradiodelmarva.net/post/home-prices-mark-biggest-gains-2006 Transcript <p>RENEE MONTAGNE, HOST: <p>And before the ball dropped in Times Square last night, new numbers came out on the housing market, and they showed the past year saw the biggest gains in home prices since 2006.<p>NPR's Chris Arnold reports.<p>CHRIS ARNOLD, BYLINE: The housing market recovery kicked into high gear last year. And that's in large part because at the start of the year, back last winter, it was just a great time to buy a house. Interest rates were at record lows. Home prices hadn't risen that much yet in many areas. Wed, 01 Jan 2014 10:20:00 +0000 Chris Arnold 47013 at http://publicradiodelmarva.net Cars Are Next Frontier For Sharing Services http://publicradiodelmarva.net/post/cars-are-new-frontier-sharing-services Following the popularity of companies like Airbnb, which rent out a client's house or apartment to people visiting the area, more companies are trying the idea with cars. Companies like Uber help find someone to drive you around like a taxi. Another will let you rent out your car like a Zipcar while you're at work. <br /> Fri, 27 Dec 2013 10:29:00 +0000 Chris Arnold 46799 at http://publicradiodelmarva.net Cars Are Next Frontier For Sharing Services Manufacturing 2.0: Old Industry Creating New High-Tech Jobs http://publicradiodelmarva.net/post/manufacturing-20-old-industry-creating-new-high-tech-jobs As the U.S. economy continues to recover, it has been getting some help from an unexpected place. After decades of massive job losses, manufacturing firms have been steadily creating jobs — many of them well-paying. One particularly bright spot is a new generation of high-tech manufacturers.<p>At a company called Machine Inc. in Stoughton, Mass., a hulking computer-controlled milling machine is making an intricate aerospace component. "It goes in as an aluminum block, and finishes up as a completed manifold," says Richard Mileika, the company's founder. Thu, 26 Dec 2013 21:36:00 +0000 Chris Arnold 46783 at http://publicradiodelmarva.net Manufacturing 2.0: Old Industry Creating New High-Tech Jobs Mel Watt: A New Captain For America's Housing Market http://publicradiodelmarva.net/post/mel-watt-new-captain-charge-americas-housing-market Seven months after his was nominated, the U.S. Senate this week confirmed former Rep. Mel Watt, D-N.C., to head the agency that oversees Fannie Mae and Freddie Mac, the giant companies that control much of the mortgage market.<p>The vote occurred after Democrats changed the rules on filibusters — now the Senate can confirm presidential nominees with a simple majority.<p>For people who watch the U.S. Fri, 13 Dec 2013 13:43:00 +0000 Chris Arnold 46176 at http://publicradiodelmarva.net Mel Watt: A New Captain For America's Housing Market Pressure Mounts On Fast-Food Industry To Pay Workers More http://publicradiodelmarva.net/post/pressure-mounts-fast-food-industry-pay-workers-more Transcript <p>RENEE MONTAGNE, HOST: <p>It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.<p>STEVE INSKEEP, HOST: <p>And I'm Steve Inskeep.<p>Protests are planned at fast-food chain restaurants 100 American cities today. Unions are staging these protests as part of a campaign to press the industry to pay more than the minimum wage. In fact, organizers are calling for $15 per hour. Thu, 05 Dec 2013 10:01:00 +0000 Chris Arnold 45752 at http://publicradiodelmarva.net Photos: Comet ISON May Have Survived Its Blistering Encounter http://publicradiodelmarva.net/post/photos-comet-ison-may-have-survived-its-blistering-encounter The Comet ISON appears to have survived after disappearing and being thought dead. Fri, 29 Nov 2013 18:28:00 +0000 Chris Arnold 45474 at http://publicradiodelmarva.net Photos: Comet ISON May Have Survived Its Blistering Encounter To Changing Landscape, Add Private Health Care Exchanges http://publicradiodelmarva.net/post/changing-landscape-add-private-health-care-exchanges We've been reporting a lot lately on the troubled rollout of President Obama's signature health care law. Wed, 27 Nov 2013 08:20:00 +0000 Chris Arnold 45358 at http://publicradiodelmarva.net To Changing Landscape, Add Private Health Care Exchanges DOJ Signals JPMorgan Deal Could Be Model For Other Cases http://publicradiodelmarva.net/post/doj-signals-jpmorgan-deal-could-be-model-other-cases The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement. Wed, 20 Nov 2013 10:50:00 +0000 Chris Arnold 44993 at http://publicradiodelmarva.net Can Young People Get Obamacare For $50 A Month? Sometimes http://publicradiodelmarva.net/post/can-young-people-get-obamacare-50-month-sometimes <p>http://www.youtube.com/watch?v=jlerIMpzVPQ</p> Wed, 13 Nov 2013 20:57:00 +0000 Chris Arnold 44633 at http://publicradiodelmarva.net Can Young People Get Obamacare For $50 A Month? Sometimes Job Creation Surpasses Expectations http://publicradiodelmarva.net/post/job-creation-surpasses-expectations The U.S. economy gained 204,000 jobs in October, nearly twice what most economists predicted. The unemployment rate figure went up, but that number was distorted because the Labor Department did its sampling during the federal government shutdown. Sat, 09 Nov 2013 12:14:00 +0000 Chris Arnold 44404 at http://publicradiodelmarva.net What Happens When The Pace Of Startups Slows Down http://publicradiodelmarva.net/post/what-happens-when-pace-startups-slows-down Since the financial crisis hit five years ago, there aren't as many Americans starting new businesses. In uncertain economic times, it's harder for entrepreneurs and investors to take the risk.<p>And if you look back over the past 25 years, it turns out the overall trend is toward fewer new businesses getting started, too — and that's not good at all when the country needs more jobs.<p><strong>The Next Google</strong><p>New businesses are really important for the economy. For one thing, they often come up with new technologies and better ways of doing things. Thu, 31 Oct 2013 07:57:00 +0000 Chris Arnold 43858 at http://publicradiodelmarva.net What Happens When The Pace Of Startups Slows Down Shutdown-Delayed Jobs Report Is Released http://publicradiodelmarva.net/post/shutdown-delayed-jobs-report-be-released Transcript <p>DAVID GREENE, HOST: <p>This is MORNING EDITION from NPR News. I'm David Greene.<p>STEVE INSKEEP, HOST: <p>And I'm Steve Inskeep.<p>Let's talk about the latest employment numbers and what they mean. The economy, we're told by the Bureau of Labor Statistics, gained 148,000 jobs in September. The unemployment rate fell slightly to 7.2 percent. We're getting these numbers a couple of weeks late because of the government shutdown. NPR's Chris Arnold has been following the economy and the shutdown. He's on the line. Tue, 22 Oct 2013 09:35:00 +0000 Chris Arnold 43326 at http://publicradiodelmarva.net