WBEZ | Finance http://www.wbez.org/tags/finance Latest from WBEZ Chicago Public Radio en Analysts: Markets May Be Underestimating U.S. Economic Resilience http://www.wbez.org/programs/morning-edition/2016-01-25/analysts-markets-may-be-underestimating-us-economic-resilience <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/AP_143530056502.jpg" alt="" /><p><p>As the old saying goes, the stock market has predicted nine of the last five recessions. In other words, sharply falling stock markets are crying wolf about half the time.</p><p>Dyke Messinger, who runs a small manufacturing company in Salisbury, N.C., thinks stock investors have been overreacting during this sell-off.</p><p>&quot;It is bizarre to me when we see what we believe is good core strength in the U.S. market,&quot; he says.</p><p>Messinger&#39;s market is the construction industry. His company, Power Curbers, manufactures machines that contractors use to build curbs and gutters for housing developments and commercial buildings.</p><p>&quot;Everybody is a bit on pins and needles due to the changing world economy, but there&#39;s still pent-up demand for housing and commercial construction,&quot; he says.</p><p>Those sectors performed weakly in the U.S. coming out of the recession but are doing much better now.</p><p>Messinger&#39;s business is actually a good reflection of the situation many U.S. manufacturers face. He exports a lot of his machines. About 30 percent of his sales are to international customers, including oil producing countries in the Middle East. The plunge in oil prices has hurt his business; his international sales have fallen sharply. So he knows the global economy can hurt U.S. growth.</p><p>&quot;I know a lot of what happens in the United States depends upon what&#39;s going on in China and other countries, but if I had some spare money, I think I&#39;d be buying U.S. stocks,&quot; Messinger says.</p><p>He says for his company, growth in the U.S. economy will more than offset lost business abroad.</p><div id="con463991179" previewtitle="Related links"><div id="res463978088"><div><div>&nbsp;</div></div></div></div><p>Economist Sara Johnson also believes the U.S. stock market is not accurately predicting the U.S. economy in 2016. &quot;I think financial markets have overreacted,&quot; she says.</p><p>Johnson, senior research director for global economics at IHS, points to strong U.S. job growth as evidence the domestic economy remains on track despite global weakness. And she says concerns that the U.S. is vulnerable to the slowdown in Chinese growth are overblown.</p><p>&quot;While it certainly is creating some turmoil in financial markets, the real economic consequences for the U.S. are limited,&quot; she says.</p><p>For one reason, total exports represent only about one-eighth of the U.S. economy, and less than 10 percent of those exports go to China. So the vast majority of U.S. economic activity is generated inside U.S. borders.</p><p>And Johnson sees a positive picture for this year, helped by the deep decline in oil prices. She acknowledges that plummeting oil prices hurt the U.S. economy last year, decimating energy companies and sparking huge layoffs. But, she says, 2016 will be different.</p><p>&quot;The U.S. is a net importer of crude oil, so the drop in prices is a substantial gain to U.S. consumers,&quot; she says.</p><p>That&#39;s been the conventional wisdom, but some economists have begun to doubt that low oil prices are a net positive for the U.S. economy. After all, because of the shale revolution, the U.S. has become the world&#39;s largest producer of oil and natural gas. That means energy price drops have a bigger negative impact on American companies and workers than before.</p><p>In fact, Goldman Sachs now predicts that those negatives will offset the benefit to U.S. consumers, so lower oil prices won&#39;t be a boost to the economy this year.</p><p><a href="http://www.npr.org/2016/01/25/463968800/analysts-markets-may-be-underestimating-u-s-economic-resilience?ft=nprml&amp;f=463968800"><em>&mdash; via NPR</em></a></p></p> Mon, 25 Jan 2016 11:06:00 -0600 http://www.wbez.org/programs/morning-edition/2016-01-25/analysts-markets-may-be-underestimating-us-economic-resilience New Year's Resolutions and Your 401K http://www.wbez.org/programs/morning-shift/2016-01-22/new-years-resolutions-and-your-401k-114578 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/Market 410k-Flickr-410k.jpg" alt="" /><p><div>If your New Year&rsquo;s resolution was to organize your investments, or maybe to take a look at that 401K you&rsquo;ve been neglecting, the first few weeks of 2016 have been a challenge to say the least.&nbsp;</div><div>&nbsp;</div><div>So, with so many dramatic dips and sell-offs in the markets, what does it mean for you, your investments, your retirement accounts?&nbsp;</div><div>&nbsp;</div><div>Brian Battle is a director at the investment advisory firm Performance Trust. He sheds some light on what to keep in mind when a Bull market goes Bear.&nbsp;</div><div>&nbsp;</div></p> Fri, 22 Jan 2016 16:49:00 -0600 http://www.wbez.org/programs/morning-shift/2016-01-22/new-years-resolutions-and-your-401k-114578 Looking To Invest? Buy a Birkin Bag http://www.wbez.org/programs/marketplace/2016-01-25/looking-invest-buy-birkin-bag-114590 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/GettyImages-476947418.jpg" alt="" /><p><div class="mediaelement-audio"><audio class="mediaelement-formatter-identified-1453743475-1" src="http://llnw.wbez.org//mp_20160114_seg_21_64.mp3">&nbsp;</audio></div><p>&nbsp;</p><p>In this troubled investment climate, it can be unclear where to put your money to keep in safe and hopefully get a good return.</p><p>So, what should it be? Bonds? Gold? Berkshire Hathaway? Or maybe a purse.</p><hr /><p><a href="http://qz.com/594492/whats-the-better-investment-the-sp-500-gold-or-an-hermes-birkin-bag/" target="_blank">Quartz reports today</a>&nbsp;that the average annual return rate for the exclusive Hermes Birkin bag&nbsp;has beaten the S&amp;P 500 and the price of gold over the last 35 years.</p><p>That&#39;s a legit data set.&nbsp;</p><p>The bag costs $60,000 new, they&#39;ve sold for $200,00 at auction.&nbsp;</p><p>That&#39;s an average annual return of 14.2 percent. Unfortunately, if you&#39;re trying to keep your Birkin bag pristine enough to auction, you probably can&#39;t be seen with it.</p><p><a href="http://www.marketplace.org/2016/01/14/business/looking-invest-buy-birkin-bag" target="_blank"><em>&mdash; via Marketplace</em></a></p></p> Thu, 14 Jan 2016 11:29:00 -0600 http://www.wbez.org/programs/marketplace/2016-01-25/looking-invest-buy-birkin-bag-114590 Morning Shift: How to fix the CPS fiscal mess http://www.wbez.org/programs/morning-shift/2015-06-25/morning-shift-how-fix-cps-fiscal-mess-112251 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/Krzysztof Pacholak.jpg" alt="" /><p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/211955217&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_artwork=false" width="100%"></iframe></p><p>&nbsp;</p><p style="margin: 0px 0px 18px; padding: 0px; border: 0px; font-family: Arial, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22px; vertical-align: baseline; color: rgb(51, 51, 51);"><span style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: 24px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; vertical-align: baseline;">How to fix the CPS fiscal mess</span></p><p style="margin: 0px 0px 18px; padding: 0px; border: 0px; font-family: Arial, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22px; vertical-align: baseline; color: rgb(51, 51, 51);">Money is the top item on the agenda at Wednesday&rsquo;s <a href="http://catalyst-chicago.org/2015/06/ctu-district-closer-to-contract-deal-that-keeps-pension-pickup/">Chicago Board of Education meeting</a>. With the public schools facing a billion-dollar shortfall, board members are convening to vote on two measures to head off a fiscal catastrophe. The first has to do with short term: a vote to authorize $200 million in new borrowing to get the district through the rest of June. The second is long term - or at least a little more long term &ndash; a vote to a billion-dollar line of credit to shore up the financials for another year. Better Government Association Senior Investigator Sarah Karp walks us through what happened at the meeting and helps us assess how CPS is doing when it comes to dollars and cents.&nbsp;</p><p style="margin: 0px 0px 18px; padding: 0px; border: 0px; font-family: Arial, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22px; vertical-align: baseline; color: rgb(51, 51, 51);"><strong style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-stretch: inherit; line-height: inherit; vertical-align: baseline;">Guest:&nbsp;</strong><em><a href="https://twitter.com/SSKedreporter">Sarah Karp</a> is the <a href="https://twitter.com/BetterGov">Better Government Association</a>&#39;s senior investigator.</em></p></p> Thu, 25 Jun 2015 12:24:00 -0500 http://www.wbez.org/programs/morning-shift/2015-06-25/morning-shift-how-fix-cps-fiscal-mess-112251 Morning Shift: How service members seek conscientious objector status http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-07-24/morning-shift-how-service-members-seek-conscientious <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/Marine-Flickr- United States Marine Corps Official Page.jpg" alt="" /><p><p>Now that the armed forces is voluntary enlistment, we may think that service members no longer seek conscientious objector status. That&#39;s not the case. We learn more about the application process for conscientious status.</p><script src="//storify.com/WBEZ/morning-shift-29.js?header=false"></script><noscript>[<a href="//storify.com/WBEZ/morning-shift-29" target="_blank">View the story "Morning Shift: How service members seek conscientious objector status " on Storify</a>]</noscript></p> Wed, 24 Jul 2013 07:54:00 -0500 http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-07-24/morning-shift-how-service-members-seek-conscientious Clever Apes #28: The critter economy http://www.wbez.org/blog/clever-apes/2012-03-20/clever-apes-28-critter-economy-97474 <img typeof="foaf:Image" src="http://llnw.wbez.org//blog/photo/2012-March/2012-03-20/THUMBNAIL_Gorrilla.png" alt="" /><p><p><img alt="Dario Maestripieri studies how humans behave compared with primates." class="caption" src="http://llnw.wbez.org/blog/insert-image/2012-March/2012-03-20/DARIO pic for post.png" style="width: 600px; height: 484px;" title="Dario Maestripieri studies how humans behave compared with primates. (WBEZ/Gabriel Spitzer)"></p><p>It seems like economics is a purely human invention, far removed from the jungle. But scientists say our ancestors were spending and investing for millions of years. So our behavior when we manage our portfolio or climb the corporate ladder resembles nothing so much as the interactions of apes or monkeys. In the latest installment of Clever Apes, we consider how our financial activity has deep parallels in the primate world. And furthermore, many of our most important financial decisions come from even more primitive impulses, deep in our lizard brains.</p><p>The University of Chicago’s <a href="http://primate.uchicago.edu/dario.htm">Dario Maestripieri </a>is a professor of comparative human development, evolutionary biology, neurobiology and psychiatry and behavioral neuroscience. (I usually abbreviate titles, but his makes me happy). He studies the intersections among our minds, our primate cousins, and evolution. In his new book <a href="http://www.amazon.com/Games-Primates-Play-Investigation-Relationships/dp/046502078X">Games Primates Play</a>, he details how the mechanisms of economics have their origins in our deep past.</p><p>Apes and monkeys play the market by choosing whom to groom and whom to attack, whom to sleep with and what food is worth risking a fight for. As Yale psychologist Laurie Santos explains, the psychology that governs those decisions didn’t begin with humans. So we see monkeys making the same kinds of classic mistakes that humans make, like “loss aversion,” where we work harder to avoid losses than to achieve equivalent gains. (<a href="http://www.ted.com/talks/laurie_santos.html">check out her TED talk </a>for a great explanation.)</p><p><img alt="(WBEZ/Gabriel Spitzer)" class="caption" src="http://llnw.wbez.org/blog/insert-image/2012-March/2012-03-20/THUMBNAIL_Gorrilla.png" style="width: 250px; height: 188px; margin: 10px; float: right;" title="(WBEZ/Gabriel Spitzer)">We’re also subject to the same quirks of biology as many non-human primates. Biologists have found that <a href="http://www.biologicalpsychiatryjournal.com/article/S0006-3223%2895%2900675-3/abstract">monkeys with high levels of testosterone and lower levels of the brain chemical serotonin </a>tend to take more risks: taking longer leaps between trees, challenging unfamiliar males, and so on. Maestripieri and his colleagues set up a <a href="http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/the_biochemistry_of_financial_risk">similar experiment with business school students. </a>There too, those with higher levels of testosterone were more likely to make long-shot investments or go into a riskier profession.</p><p>Finally, we check in with neuroeconomist <a href="http://www.kellogg.northwestern.edu/faculty/kuhnen/htm/">Camelia Kuhnen </a>of Northwestern University. She finds that our investment decisions are heavily influenced by some of the most ancient parts of our brains. She and a colleague did an experiment where they <a href="http://www.kellogg.northwestern.edu/faculty/kuhnen/htm/RESEARCH/KWKW_2008.pdf">activated the brain’s reward center </a>using something that had nothing to do with money – in this case, it was sexy pictures. In males, anyway, this led them to make riskier bets in an investment game. Just the whiff of reward was enough to make these guys high-rollers … something we can thank our reptilian ancestors for.</p></p> Tue, 20 Mar 2012 20:25:00 -0500 http://www.wbez.org/blog/clever-apes/2012-03-20/clever-apes-28-critter-economy-97474 Planning for the future in uncertain financial times http://www.wbez.org/episode-segments/2011-09-28/planning-future-uncertain-financial-times-92535 <img typeof="foaf:Image" src="http://llnw.wbez.org//segment/photo/2011-September/2011-09-28/RS2708_Money_Flickr_Elyce Feliz.jpg" alt="" /><p><p>The federal budget battle over the summer was not kind to U.S. markets and broader economic recovery efforts; but if there was a silver lining to the debt-ceiling debate, it was perhaps that Congress learned a lesson. They appeared to plan ahead this time around--a bipartisan spending bill is <a href="http://blogs.wsj.com/washwire/2011/09/27/house-is-poised-to-pass-stopgap-funding-bill-on-thursday/" target="_blank">expected to pass</a> before the Friday deadline. So the government looked like it had the financial cover it needed to avoid a shut down but <em>Eight Forty-Eight </em>wondered how everyone else should adjust to uncertain times. Can people protect their pocketbooks?<a href="http://www.matthewsapaula.com/" target="_blank"> Matthew Sapaula</a> joined <em>Eight Forty-Eight</em> with his ideas. Sapaula is the host of the <a href="http://itunes.apple.com/us/podcast/money-smart-show/id418825144" target="_blank"><em>Money Smart Show</em> podcast</a> and was recently a financial coach on MSN Money’s reality show <em>The Invested Life</em>.</p></p> Wed, 28 Sep 2011 14:12:00 -0500 http://www.wbez.org/episode-segments/2011-09-28/planning-future-uncertain-financial-times-92535 What Is The IMF, Anyway? http://www.wbez.org/story/2011-05-16/what-imf-anyway-86604 <p><p>Dominique Strauss-Kahn, the head of the International Monetary Fund, was arrested this weekend for allegedly sexually assaulting a maid in his hotel room. He has denied the allegations. For more on the criminal case, see this <a href="http://www.npr.org/2011/05/16/136348580/imf-head-to-be-arraigned-on-sexual-assault-charges" target="_blank">AP story</a>.</p><p>Strauss-Kahn's arrest leaves a vacuum at the top of the IMF at a key moment for the global economy. I'll get to that in a minute, but it's worth pausing here to answer a more basic question: What is the IMF, anyway?</p><p></p><p>I spoke this morning with <a href="http://prasad.dyson.cornell.edu/" target="_blank">Eswar Prasad</a>, a former IMF economist who now works at Cornell and the Brookings Institution.</p><p>You can think of the IMF sort of like a credit union for countries, Prasad told me. Its members — countries from around the world — put money in. And the credit union lends that money out to members that need it.</p><p>This makes the IMF sound all warm and fuzzy. And for several decades after the IMF was created at the end of World War II, it was pretty warm and fuzzy.</p><p>At that time, the world's major currencies were fixed — a dollar was always worth the same amount of British pounds, the same amount of French francs, etc. (This is a bit of an oversimplification, but it gives the basic idea.) This was known as the Bretton Woods system.</p><p>During this time, the IMF made short-term loans to help countries keep the value of their currency fixed. The biggest recipient of IMF loans during this era was the UK, according to Prasad.</p><p>But Bretton Woods was dismantled in the 1970s, and the world of money changed profoundly. In the new world, the value of global currencies changes constantly. (A year ago, <a href="http://www.google.com/finance?q=CURRENCY%3Agbpusd" target="_blank">one British pound bought you</a> $1.45; today, it buys you about $1.60.)</p><p>So in the 1980s and 1990s, the IMF took on a new role: Lending to developing countries in that were going through major economic crises. During this era, the world's opinion of the IMF became decidedly less warm and fuzzy.</p><p>The Fund is based in Washington, and it's largely controlled by the U.S. and Europe, which contribute a big chunk of the fund's loan pool. What's more, IMF loans always come with strings attached — recipients typically have to make big spending cuts, among other things.</p><p>Not surprisingly, having an institution controlled by rich countries dictate harsh terms to poor countries during times of intense crisis created a lot of tension and resentment.</p><p>So in the past decade, developing countries that didn't want to be beholden to the IMF started saving up their own rainy-day funds, full of dollars and euros.</p><p>"What the Asian financial crisis [of the late 1990s] did was it gave emerging market economies a very strong desire to stay out of the clutches of the IMF," Prasad said.</p><p>The total value of foreign-exchange reserves held around the world has risen from $2 trillion in 2000 to $6 trillion now, according to Prasad — and almost the entire increase has come from countries in the developing world.</p><p>But as developing countries like China, India and Brazil were stashing aside money for a rainy day, countries at the edges of Europe were heading for fiscal disaster.</p><p>And so, over the past year, the focus of the IMF has shifted back to Europe.</p><p>The IMF has been a key player in the bailouts of Greece, Ireland and Portugal. For one thing, it has contributed a significant chunk of the money. For another, the presence of the IMF has also made it politically more palatable for the recipients to agree to the terms of the bailouts.</p><p>But, in the past few weeks, a big, new problem has arisen: It's become clear that Greece is so far in the hole that it probably won't be able to pay off all its debt on time.</p><p>Strauss-Kahn's arrest means Greece's day of reckoning — and the potentially widespread fallout — may be coming sooner, rather than later.</p><p>Strauss-Kahn has been pushing for Europe and the IMF to be lenient, and to lend Greece more money, Prasad said. German leaders, on the other hand, have been resisting lending more to Greece.</p><p>What's more, the IMF has been accused of maintaining a double standard — of being more lenient with countries in Europe than it is with countries in the developing world.</p><p>"Given the fact that Greece has missed virtually every target, if it was an emerging market, the program would not be going forward," Prasad said.</p><p>So without Strauss-Kahn running the IMF and pushing for leniency, Greece's immediate future is less secure.</p><p>Greece is a relatively small country. But if it declares to the world that it can't pay off its debts, the ripple effects could be big. Banks in other European countries that hold Greek debt could suffer losses, which could in turn affect the broader financial system.</p><p>What's more, a Greek restructuring could spook investors, and make them less willing to lend money to other troubled European countries. That could lead to broader, deeper financial troubles around Europe and, perhaps, beyond. Copyright 2011 National Public Radio. To see more, visit <a href="http://www.npr.org/">http://www.npr.org/</a>.<img src="http://metrics.npr.org/b/ss/nprapidev/5/1305565069?&gn=What+Is+The+IMF%2C+Anyway%3F&ev=event2&ch=93559255&h1=Finance,Planet+Money,Europe,Economy,Business,World,Home+Page+Top+Stories,News&c3=D%3Dgn&v3=D%3Dgn&c4=136341873&c7=1017&v7=D%3Dc7&c18=1017&v18=D%3Dc18&c19=20110516&v19=D%3Dc19&c20=1&v20=D%3Dc20&c31=127413671,93559255&v31=D%3Dc31&c45=MDA0OTc2MjAwMDEyNjk0NDE4OTI2NmUwNQ001"/></p></p> Mon, 16 May 2011 11:24:00 -0500 http://www.wbez.org/story/2011-05-16/what-imf-anyway-86604 The Island That Ran Out Of Money http://www.wbez.org/story/2011-05-09/island-ran-out-money-86298 <p><p>During the financial crisis, only one Western country experienced a true collapse of its banking system: Iceland.<br /> <br />Things got so bad that the country actually ran out of foreign currency. Even today, years later, foreign money is still scarce, and the government controls how much anyone can get.</p><p>The strange story of how Iceland ran out of money begins in 2003. The country had just privatized its banks. These sleepy state run institutions suddenly grew, and started running ads in foreign countries. For example:</p><p></p><p>Foreigners responded, pouring money into Icelandic banks. The banks' balance sheets became 10 times larger than the entire country's economy.</p><p>But as the world slid into a financial crisis, investors turned on Iceland.</p><p>One night in January 2008, Ásgeir Jónsson, chief economist at Iceland's largest bank, got a call telling him to go to a certain hotel bar, to meet with foreign investors.</p><p>The investors were hedge fund guys who had come to the conclusion that Jónsson's bank was doomed. They told him they'd placed big financial bets that everything would crash.</p><p>The problem the hedge fund guys had spotted was in fact, the joke that John Cleese commercial: Iceland is a very small country. It's the smallest in the world to have its own currency. And it had borrowed huge amounts of foreign currency.<br /> <br />Normally that wasn't a problem. Icelandic banks could always change their domestic currency, the krona, for dollars or euros on the world market. But now the world was worried. And no one wanted krona.<br /> <br />In a bigger country, banks might get some foreign currency from their own central bank. But Iceland's central bank also ran out of dollars and euros. <br /> <br />"The central bank used all it had in a desperate attempt to save one of the banks," the economist <a href="http://notendur.hi.is/gylfimag/eng.html" target="_blank">Gylfi Magnússon</a> says. "But that only kept the bank afloat for another couple of days."</p><p>Even if you had gone around Iceland and collected every euro on the island, there wouldn't have been anywhere near enough money to pay off the debt. <br /> <br />So Iceland, unlike other countries, couldn't bail out its banks. Jónsson remembers the day his bank collapsed in October of 2008:</p><p><blockquote></p><p>And the funny thing is, during the panic it was so crazy. All the phones were ringing at the same time. But after the bank went down, all was silent. ... We were basically completely cut off from the outside world.</p><p></blockquote></p><p>Eventually, the International Monetary Fund had to step in and lend Iceland a ton of foreign currency. In 2012 Iceland will have to start paying that foreign currency back. Copyright 2011 National Public Radio. To see more, visit <a href="http://www.npr.org/">http://www.npr.org/</a>.<img src="http://metrics.npr.org/b/ss/nprapidev/5/1305011255?&gn=The+Island+That+Ran+Out+Of+Money&ev=event2&ch=93559255&h1=Currency,Finance,Planet+Money,Europe,Economy,Business,World,Home+Page+Top+Stories,News&c3=D%3Dgn&v3=D%3Dgn&c4=136149022&c7=1004&v7=D%3Dc7&c18=1004&v18=D%3Dc18&c19=20110510&v19=D%3Dc19&c20=1&v20=D%3Dc20&c21=3&v21=D%3Dc2&c31=127429648,127413671,93559255&v31=D%3Dc31&c45=MDA0OTc2MjAwMDEyNjk0NDE4OTI2NmUwNQ001"/></p></p> Mon, 09 May 2011 23:01:00 -0500 http://www.wbez.org/story/2011-05-09/island-ran-out-money-86298 Good Morning, Reykjavik! http://www.wbez.org/story/debt/2011-04-07/good-morning-reykjavik-84909 <p><p>Icelanders go to the polls this weekend to decide whether to pay the debts of a failed bank. Planet Money's David Kestenbaum is in Reykjavik, and he spoke with Renee Montagne.</p><p><strong>For more</strong>: Read our post, "<a href="http://www.npr.org/blogs/money/2011/03/28/134424502/should-i-pay-for-bankers-mistakes" target="_blank">Should I Pay For Bankers' Mistakes?</a>" Copyright 2011 National Public Radio. To see more, visit <a href="http://www.npr.org/">http://www.npr.org/</a>.<img src="http://metrics.npr.org/b/ss/nprapidev/5/1302266236?&gn=Good+Morning%2C+Reykjavik%21&ev=event2&ch=93559255&h1=Government,Finance,Debt,Planet+Money,Economy,World&c3=D%3Dgn&v3=D%3Dgn&c4=135217267&c7=1017&v7=D%3Dc7&c18=1017&v18=D%3Dc18&c19=20110407&v19=D%3Dc19&c20=1&v20=D%3Dc20&c21=3&v21=D%3Dc2&c31=127414454,127413671,127413573,93559255&v31=D%3Dc31&c45=MDA0OTc2MjAwMDEyNjk0NDE4OTI2NmUwNQ001"/></p></p> Thu, 07 Apr 2011 16:04:00 -0500 http://www.wbez.org/story/debt/2011-04-07/good-morning-reykjavik-84909