finance

  Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses,  putting us on a collision course for another cataclysmic meltdown. 

Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time assistant managing editor and economic columnist Rana Foroohar shows how the “financialization of America” - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street's reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream. 

  Runaway inequality is now America’s most critical economic fact of life. In 1970, the ratio of pay between the top 100 CEOs and the average worker was 45 to 1. Today it is a shocking 829 to one! During that time a new economic philosophy set in that cut taxes, deregulated finance, and trimmed social spending. Those policies set in motion a process that greatly expanded the power of financial interests to accelerate inequality. But how exactly does that happen?

In Runaway Inequality, Les Leopold explains the process by which corporation after corporation falls victim to systematic wealth extraction by banks, private equity firms, and hedge funds. It reveals how financial strip-mining puts enormous downward pressure on jobs, wages, benefits, and working conditions, while boosting the incomes of financial elites.

    With insights gained from original scholarship and an unusual breadth of experience in finance and government, Bill White distils practical lessons from the nation's five previous spikes in debt. America's Fiscal Constitution is an entertaining and objective guide for people trying to make sense of the current and most dangerous debt crisis.

As a lead shark on ABC’s Shark Tank, Kevin O’Leary’s success with money management and in busi­ness is legendary.

We’ll welcome him to the show and talk to him about his latest book, The Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them

CSI NY star, Hill Harper, looks to guide us through tough times and offers advice for reaping the rewards of a truly happy life. With The Wealth Cure: Putting Money in Its Place, he does more than that: He presents a revolutionary new definition of wealth; motivating readers to not only build financial security but to achieve wealth in every aspect of their lives.

According to a recent report, capital investments in health care have fallen in Massachusetts, while investments in New York have made modest gains. WAMC’s Berkshire Bureau Chief Lucas Willard reports…

In a report released by venture capital database CB Insights, the numbers show that investments in the Massachusetts health care industry are down to a five quarter low in deals. CEO of CB Insights Anand Sanwal explains that investing firms target a large variety of sectors in the health care industry.

            With just two weeks until the new fiscal year, the City Council in Springfield Massachusetts will start holding hearings on a proposed budget that cuts municipal services while calling for higher fees and taxes.  WAMC”s Paul Tuthill reports.

            Springfield City Councilor Timothy Rooke, who chairs the finance committee, says the administration has not squeezed enough savings from city government.