Wall Street

WAMC Photo by Dave Lucas

Wall Street is gaining ground despite recent economic developments, according to a report by New York State Comptroller Tom DiNapoli.

  Robert Goolrick’s most recent novel, The Fall of Princes, is set in 1980’s New York City, a time when Wall Street ruled, drugs were in constant supply, and jockeying for power was the name of the game. We meet Rooney, who tells the story of how he and a group of other young Princes made it to the top and then, one by one, took a fall.

ETSY (Hudson)

A decade after it was founded in a Brooklyn apartment as a way to sell handmade goods online, Etsy has filed for an IPO .  

Founded in 2005, Etsy Inc. filed for an initial public offering March 4th, applying to trade on Nasdaq under the symbol “ETSY.”

10/30/14 Panel

Oct 30, 2014


  Today's panelists are WAMC’s Alan Chartock, Political Consultant Libby Post and executive editor of the Poughkeepsie Journal, Stu Shinske.

Topics include:
Maine Quarantine
Obama Changes?
Fed on Interest Rates
Wall Street Repeat Offenses

#OccupyAlbany Returns

Jul 14, 2014
WAMC composite photo by Dave Lucas

Local voices of the national Occupy movement came together over the weekend in Albany.

In October 2011, the anti-establishment, anti-corporate movement that began a month earlier on Wall Street reached New York State's seat of political power when an "Occupy" encampment sprung up in Lafayette Park, across the street from the state capitol.

    After the fall of Lehman Brothers, Joe Peta needed a new employer. He found a new job in New York City but lost that, too, when an ambulance mowed him down as he crossed the street on foot.

In search of a way to cheer himself up while he recuperated in a wheelchair, Peta started watching baseball again, as he had growing up. That's when inspiration hit: Why not apply his outstanding risk-analysis skills to improve on sabermetrics, the method made famous by Moneyball--and beat the only market in town, the Vegas betting line? Why not treat MLB like the S&P 500?

In his book, Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order), Peta shows how to subtract luck from a team's statistics to best predict how it will perform in the next game and over the whole season. His baseball "hedge fund" returned an astounding 41 percent in 2011-- with daily volatility similar to funds he used to trade for.

Rev Stan, flickr

As New York State officials and legislators pore over Governor Andrew Cuomo’s proposed budget, State Comptroller Thomas DiNapoli today released his office’s estimate of Wall Street bonuses. He says the annual forecast is in line with state and New York City budget expectations.

Cash bonuses paid to New York City securities-industry employees are forecast to rise by 8 percent, to $20 billion, for last year, driven, in part, by bonuses deferred from prior years. That’s according to DiNapoli.

    In the grand tradition of the English Rock opera, a la Tommy, The Wall and The Lamb Lies Down on Broadway – there is a new rock opera for the 21st century: A Wall Street Odyssey.

Yossarian, (from Joseph Heller's seminal book, Catch 22) is reborn as a burned out stockbroker on a path of self-destruction, rebirth and transcendence. The show includes live music, costumes, narration and videos on a giant screen.

Songwriter Sean Bigler and wife Bonnie Lykes live in the Woodstock area of upstate NY formed Epigene in 2000 and are the creators of A Wall Street Odyssey. They bring their show to The Linda in Albany, NY on Saturday, February 23rd.

Stocks surge after Congress passes budget deal

Jan 2, 2013
Dan Nelson / Flickr

NEW YORK (AP) — Stocks roared higher on Wall Street and around the world after Congress passed a last-minute budget deal to avert sweeping tax hikes and government spending cuts.

The Dow Jones industrial jumped 308 points to close at 13,412 Wednesday, the first trading day of the year. That's the biggest gain the Dow has had since December 2011.