WBEZ | Wall Street http://www.wbez.org/tags/wall-street Latest from WBEZ Chicago Public Radio en What 'Hamilton' Can Teach Us About Central Banking http://www.wbez.org/news/what-hamilton-can-teach-us-about-central-banking-114096 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/ham.jpg" alt="" /><p><p><img alt="" id="1" src="http://www.marketplace.org/sites/default/files/styles/primary-image-766x447/public/ham.jpg?itok=e3wW6kzV" style="height: 362px; width: 620px;" title="Cast of Hamilton perform at 'Hamilton' Broadway Opening Night at Richard Rodgers Theatre. (Neilson Barnard/Getty Images)" typeof="foaf:Image" /></p><div><p style="margin: 0px 0px 1.42857em; color: rgb(34, 34, 34); font-family: Georgia, 'Times New Roman', Times, 'DejaVu Serif', serif; font-size: 14px; line-height: 20px; background-color: rgb(255, 255, 255);">Authorities at the Federal Reserve are meeting next week on whether to start raising interest rates for the first time in nine years. And i<span style="line-height: 1.42857em;">f you head over to Broadway, there&#39;s a history lesson being performed every night about Alexander Hamilton fighting for what would eventually become the Fed.</span></p><p style="margin: 1.42857em 0px; color: rgb(34, 34, 34); font-family: Georgia, 'Times New Roman', Times, 'DejaVu Serif', serif; font-size: 14px; line-height: 20px; background-color: rgb(255, 255, 255);"><span style="line-height: 1.42857em;">Jeffrey Seller, one of the producers of the Broadway blockbuster, joined us to talk about taking a risk on a show about&nbsp;</span><span style="line-height: 1.42857em;">America&#39;s first treasury secretary, and what the show&#39;s ticket lottery system teaches us about queuing theory.</span></p><p style="margin: 1.42857em 0px; color: rgb(34, 34, 34); font-family: Georgia, 'Times New Roman', Times, 'DejaVu Serif', serif; font-size: 14px; line-height: 20px; background-color: rgb(255, 255, 255);"><span style="line-height: 1.42857em;"><em><a href="https://soundcloud.com/marketplace/why-the-rockefeller-foundation-is-getting-behind-hamilton" target="_blank">Here&#39;s our conversation with&nbsp;Judith Rodin</a>, president of the Rockefeller Foundation, about subsidizing &ldquo;Hamilton&rdquo; tickets for NYC high schoolers:</em></span></p><p style="margin: 1.42857em 0px; color: rgb(34, 34, 34); font-family: Georgia, 'Times New Roman', Times, 'DejaVu Serif', serif; font-size: 14px; line-height: 20px; background-color: rgb(255, 255, 255);"><span style="line-height: 1.42857em;"><em><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/236623029&amp;color=ff5500" width="100%"></iframe></em></span></p></div><p>The Associated Press reports that a production of &quot;Hamilton&quot; is headed to Chicago:</p><blockquote><p>Producers said Tuesday that performances will begin Sept. 27 at the newly named The PrivateBank Theatre. It&#39;s a coup for&nbsp;Chicago&nbsp;since the city has lured the hottest stage show in years and beaten a rival theater town where it might play well, too &mdash; Washington, D.C.</p><p>Group tickets for the&nbsp;Chicago&nbsp;run will go on sale Jan. 5. Single ticket sales will be announced at a later date.</p></blockquote><p>&mdash; <a href="http://www.marketplace.org/2015/12/08/business/what-hamilton-can-teach-us-about-central-banking" target="_blank"><em>via Marketplace</em></a></p></p> Tue, 08 Dec 2015 11:27:00 -0600 http://www.wbez.org/news/what-hamilton-can-teach-us-about-central-banking-114096 Occupy and its adversaries need to find common ground, says rabbi http://www.wbez.org/episode-segments/2011-12-06/occupy-and-its-adversaries-need-find-common-ground-says-rabbi-94619 <img typeof="foaf:Image" src="http://llnw.wbez.org//segment/photo/2011-December/2011-12-05/occupy1.jpg" alt="" /><p><p>The Occupy movement has been a learning experience for everyone, including <a href="http://www.bradhirschfield.com/" target="_blank">Rabbi Brad Hirschfield</a>, president of the National Jewish Center for Learning and Leadership and Beliefnet.com <a href="http://blog.beliefnet.com/windowsanddoors/" target="_blank">blogger</a>.</p><p>He gives his take on religious congregations' reaction to Occupy Wall Street.</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p></p> Tue, 06 Dec 2011 18:20:00 -0600 http://www.wbez.org/episode-segments/2011-12-06/occupy-and-its-adversaries-need-find-common-ground-says-rabbi-94619 New York judge rules against Occupy Wall Street encampment http://www.wbez.org/content/new-york-judge-rules-against-occupy-wall-street-encampment <img typeof="foaf:Image" src="http://llnw.wbez.org//story/photo/2011-November/2011-11-15/AP11111518016.jpg" alt="" /><p><p>NEW&nbsp;YORK (AP) — Hundreds of police officers in riot gear raided the Occupy Wall Street encampment in New&nbsp;York City in the pre-dawn darkness Tuesday, evicted hundreds of protesters and then demolished the tent city, leaving the future of the demonstration in limbo.</p><p>Later in the day, a New&nbsp;York judge upheld the city's crackdown. Supreme Court Justice Michael Stallman said in his ruling that the protesters "have not demonstrated that they have a First Amendment right to remain in Zuccotti Park, along with their tents, structures, generators and other installations to the exclusion of the owner's reasonable rights ... or to the rights to public access of others who might wish to use the space safely."</p><p>The plaza, near the financial district ground zero, is open to the public, but is privately owned.</p><p>Lawyers representing the protesters had sought an order that would let them resume camping in the park. They said after the decision that they hadn't decided whether to appeal.</p><p>The police action began around 1 a.m. and lasted several hours as officers with batons and plastic shields pushed the protesters from their base at Zuccotti Park, arresting hundreds who resisted or didn't leave the area.</p><p>Mayor Michael Bloomberg said the goal was to rid the plaza of tents, tables, and other vestiges of a semi-permanent campsite, saying it had become unsanitary and unsafe.</p></p> Tue, 15 Nov 2011 22:28:00 -0600 http://www.wbez.org/content/new-york-judge-rules-against-occupy-wall-street-encampment The online currency 'bitcoin' is a glimpse into the economic future http://www.wbez.org/episode-segments/2011-10-11/online-currency-bitcoin-glimpse-economic-future-93046 <img typeof="foaf:Image" src="http://llnw.wbez.org//segment/photo/2011-October/2011-10-11/bitcoin2.jpg" alt="" /><p><p>Today, we look at a new and mysterious online currency called "bitcoin." Since its launch in 2009, it’s prompted many to imagine an alternative reality. In it, the economic establishment no longer controls the flow of money around the world. The currency is the brainchild of "Satoshi Nakamoto," who claims to be a 36-year-old Japanese computer programmer. Satoshi's real name and identity, however, remain unknown. Individuals can use the currency to buy a surprisingly wide range of products online -- from beef jerky to hotel rooms to illicit drugs. And in a little over two and a half years, its founder has managed to create nearly thirty-five million dollars of value.</p><p>In this week’s issue of the <em>New Yorker,</em> contributor Joshua Davis investigated bitcoin in <a href="http://www.newyorker.com/reporting/2011/10/10/111010fa_fact_davis" target="_blank">“The Crypto-Currency.”</a>&nbsp;He tells us about his search for the elusive genius behind this phenomenon, and what this currency says about our age of economic struggle.</p></p> Tue, 11 Oct 2011 16:48:00 -0500 http://www.wbez.org/episode-segments/2011-10-11/online-currency-bitcoin-glimpse-economic-future-93046 The sooner the Bears lose, the better http://www.wbez.org/blog/city-room-blog/sooner-bears-lose-better <img typeof="foaf:Image" src="http://llnw.wbez.org//AP101226041784.jpg" alt="" /><p><p style="text-align: center;"><img height="341" width="512" src="http://llnw.wbez.org/blog/insert-image/2011-January/2011-01-13/AP101226041784.jpg" alt="" title="" /></p><p>As the Bears get set to host the Seattle Seahawks in their divisional playoff this Sunday, Chicagoans are starting to come together like they did when the Blackhawks glided toward hockey&rsquo;s Stanley Cup last spring.<br /><br />The excitement brings to mind some words of a 19th century German philosopher: &ldquo;Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people. The abolition of religion as the illusory happiness of the people is the demand for their real happiness.&rdquo;<br /><br />If religion is our opium, as Marx put it, then Chicago&rsquo;s National Football League franchise is our crack cocaine.<br /><br />More than three years since the economy began to collapse, the Chicago area&rsquo;s unemployment rate is hovering around 9 percent. Foreclosure filings are rising again. Our wages are anemic. Illinois lawmakers are raising our taxes. <br /><br />Gee, though, won&rsquo;t it be great if Julius Peppers knocks Matt Hasselbeck on his ass this Sunday?<br /><br />We have no connection to these multimillionaire gladiators, yet a few of us are already donning Bears jerseys. It&rsquo;s the only show of Chicago solidarity we can imagine.<br /><br />Some of us will even put money on the team, regardless of the odds. We might be a couple months behind on rent. But Devin Hester could go all the way!<br /><br />On Sunday, finally, we&rsquo;ll spend hours and hours on a couch, gazing into a liquid crystal display. We&rsquo;ll cheer now and then, but the experience will be entirely passive.<br /><br />Then, if the Bears win, the &ldquo;news&rdquo; coverage will crowd out most meaningful Chicago journalism for days. The coverage will quickly turn into hype about the next playoff game. And our addiction cycle will continue on.<br /><br />We could be smoking this rock until at least February 6, the sacred day known as &ldquo;Super Bowl Sunday.&rdquo;<br /><br />Marx may have been wrong about abolishing religion. But the sooner the Bears flame out, the sooner Chicagoans can build some solidarity for things that count.</p><p>*<em>This post was edited from its original state to remove a characterization of a mayoral candidate</em>.</p></p> Thu, 13 Jan 2011 20:48:00 -0600 http://www.wbez.org/blog/city-room-blog/sooner-bears-lose-better