Economics & Economy

A match made at Bear Stearns

Mar 15, 2018

Justin Brannan was a punk. Professionally, that is. In his teens and twenties, he played guitar in the hardcore bands Indecision and Most Precious Blood. But touring got old, and after 10 years on the road he was ready for something more stable. This was 2006, when Wall Street banks, leveraged to the hilt, were raking in record profits. Through a temp agency, he landed an interview for an entry-level job at Bear Stearns Asset Management.

03/15/2018: A match made at Bear Stearns

Mar 15, 2018

Yesterday we examined the financials that lead to the fall of Bear Stearns, and now we're going to look at the human side: A couple of unlikely Wall Street workers who met and eventually got married at Bear's headquarters. We'll trace their relationship through the bank's collapse and catch up with what's happened since. First though, we'll talk about the latest Russian sanctions here and abroad. Plus: A closer look at the National Rifle Association's scorecard, a powerful grading system that candidates run on — or run from.

Walmart steps up its online grocery delivery service

Mar 15, 2018

Walmart said Wednesday it would expand its six-city pilot program to 100 markets by the end of the year. The move will put Walmart in direct competition with Amazon to grab a bigger share of the rapidly growing online grocery delivery market.  

How one shady employee can poison the workplace

Mar 15, 2018

You might have heard the saying, "one bad apple spoils the barrel." Apparently, it's true for misbehaving employees too.

A new study  looked at the finance industry and what happens when you introduce a bad employee — someone who's committed some kind of misconduct — to a new team. It turns out that bad behavior can spread. 

(Markets Edition) The Senate has voted to relax the regulations put on banks after the financial crisis (also known as Dodd-Frank), which critics like Sen. Elizabeth Warren are calling "The Bank Lobbying Act." We'll look at how lax, exactly, these rules will become for the banking industry. Afterwards, we'll talk to economist Diane Swonk about what she thinks some of Dodd-Frank's limitations are, and then we'll head to Virginia to find out why the felony threshold for property theft is so low.