The Emily Rooney Show

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Tuesday, Dec. 7
The Ten Stupidest Financial Moments Of The Year

The Ten Stupidest Financial Moments Of The Year: The economy has dominated the news in 2010 and for good reason. Everyone from Congress to the Fed -- multi-national corporations to small businesses -- have had some serious financial decisions to make. Well, our Everything Money financial maven Sheryl Marshall says not all of those decisions have been…shall we say….wise. So she’s compiled a year-end list of her “Ten favorite financial stupidities of 2010.”

Here is Sheryl's list:

10: Not buying Apple in January, 2010. Then it was at 190, it closed at 320 on 12/6.

9. Congress halting unemployment benefits right before Christmas, could affect, an estimated 1.6 million people.

8. Not getting in on the gold rush. The price of gold on January 1 was $1100/oz and analysts predicted it would go to $1200 by year’s end. It was at $1417/oz in early December.

7. Greece having to be bailed out, at a cost of an estimated 45 billion Euros.

6. And Ireland, to the tune of an additional 85 billion.

5. The story of LocatePLUS: Two former executives of a Beverly technology company were indicted on 12/5 in on securities fraud and other charges. Prosecutors allege the former chief executive of LocatePLUS Holdings Corp., Jon Latorella, and its former CFO, James Fields, falsified documents to inflate the company's revenue and create a bogus $1 million pending windfall. The company provides online access to real estate and other public records for investigative searches. As part of their deception, authorities said, Latorella and Fields stole the identity of a young man who drowned in Marblehead Harbor 25 years ago to create a fictional executive whom they used in the scheme.

4. FEC vs. Citizens United, which opened the door to piles of toxic, anonymous money pouring into our elections.

3. The Flash Crash of May 6, when the Dow dropped almost 1000 points in one day, due to algorithms and electronic trading gone wild.

2. Bad paperwork from the banks that led to all foreclosures being halted in October, 2010.

1. BP Oil Spill. The cost was an estimated $45 billion dollars! You could almost bailout a small European country for that kind of money.

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Wednesday, March 14, 2012       Listen 897

The Great Back Bay Blackout
After a smoky electrical transformer fire knocked out power to about 21,000 homes and businesses, sections of the neighborhood are getting back online. But problems are expected to persist into tonight. We’ll have the latest.

  Garrett Quinn, WGBH contributor and author of the Less is More blog on
  Meg Mainzer-Cohen, president of the Back Bay Association
  Marcia Gregg, a Back Bay resident who (along with her family) lost power (and still doesn’t have it)
  David Jacobs, publisher and editor The Boston Courant, covers Back Bay, South End Beacon Hill and Fenway

The Baffler Is Back
The self-described “journal that blunts the cutting edge” is back in print after a two-year hiatus. The Baffler’s latest issue of scathing media, political and cultural criticism hits newsstands tomorrow. And no cow is sacred. (Not even the one that pays its bills).

  John Summers, editor of The Baffler
  Thomas Frank, journalist and author of books like What’s The Matter With Kansas? and most recently, Pity The Billionaire. Founding editor of The Baffler


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