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Sep 9, 2010
09/10
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jeff yastine, "nightly business report," miami. >> tom: our series continues tomorrow in new jersey, with a tale of two neighboring towns taking different approaches to control costs. >> susie: goldman sachs faces a large fine in the united kingdom. the "financial times" is reporting the amount could reach $31 million. a formal announcement is expected tomorrow. the f.t. report says the claim follows a five-month investigation by the u.k.'s financial regulator into goldman's overseas business. it was launched in april, after the securities and exchange commission charged goldman with misleading investigators. the bank was fined $500 million by u.s. regulators, but the "u- u.k. fine is not solely based on that controversial abacus transaction, but overall business practices in the u.k. >> tom: with financial taking the lead again, but this time it was on the upside. lots going on, so let's get everybody updated, susie, in tonight's "market focus." >> tom: investors were able to shrug off the federal reserve's regional economic assessment showing slower growth. it was back to the econo
jeff yastine, "nightly business report," miami. >> tom: our series continues tomorrow in new jersey, with a tale of two neighboring towns taking different approaches to control costs. >> susie: goldman sachs faces a large fine in the united kingdom. the "financial times" is reporting the amount could reach $31 million. a formal announcement is expected tomorrow. the f.t. report says the claim follows a five-month investigation by the u.k.'s financial regulator...
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Sep 28, 2010
09/10
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reporter jeff yastine looks at the economics of a sport that is striking out with fans more and more these days. >> reporter: the players are on the field, but the fans aren't at the stadium. they're here in a sports bar. with a struggling recovery and tapped out consumers, it's more likely you'll find fans taking a seat here or watching the game at home rather than at the ballpark. >> it's too expensive to go to the games. parking is how much? and then i don't feel like paying $12 for a hotdog, basically. >> it's not an every day, every week, or every month occurrence for many people that i know. >> reporter: baseball's had its ups and downs attendance-wise. in the first years of the great depression, the number of fans at games fell by nearly half. during the recent great recession, baseball attendance is also down. it's off about 8% over the last three years. the question is, will fans return when the economy improves? most experts who follow the business of baseball say yes. standard and poor's john bilardello says the credit- worthiness of major league baseball is investment gra
reporter jeff yastine looks at the economics of a sport that is striking out with fans more and more these days. >> reporter: the players are on the field, but the fans aren't at the stadium. they're here in a sports bar. with a struggling recovery and tapped out consumers, it's more likely you'll find fans taking a seat here or watching the game at home rather than at the ballpark. >> it's too expensive to go to the games. parking is how much? and then i don't feel like paying $12...
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Sep 22, 2010
09/10
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WETA
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jeff yastine joins me. remember the greek financial crisis? there were more demonstrations in athens today, as workers protested new labor rules. but here in new york, greece's prime minister told "nightly business report" his country's reforms are working, and the economy is getting back on track. >> jeff: susie, prime minister papandreou says greece is meeting targets set by the international monetary fund and the european union, after receiving emergency loans of $140 billion in may. and, he's encouraging american business to invest in his country. >> susie: i met with the prime minister a short while ago. my first question: what's the state of the greek economy? >> we have made major changes now. the economy is in a much better state because we've cut down the deficit by 40%. we are getting a vote of confidence from sovereign funds such as the norwegian pension fund, buying greek bonds, and recapitalization of our major bank, very positive. and there is a new confidence in the things we're doing. >> susie: but, mr. prime minister, many eco
jeff yastine joins me. remember the greek financial crisis? there were more demonstrations in athens today, as workers protested new labor rules. but here in new york, greece's prime minister told "nightly business report" his country's reforms are working, and the economy is getting back on track. >> jeff: susie, prime minister papandreou says greece is meeting targets set by the international monetary fund and the european union, after receiving emergency loans of $140 billion...
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Sep 22, 2010
09/10
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i'm jeff yastine. good night, everyone. good night to you, susie. >> susie: jeff, i hope you have a great evening. good night, everyone. we hope to see all of you again right here tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video. >> be more. pbs. your philosophy? [glass shatters] >> [hissing] [both screaming] [bat screeches] mark walberg: antiques roadshow is visiting honolulu, hawaii. here's a glimpse of what's coming up in this hour. man: the gun was apparently the murder weapon and the murderer was found guilty. and the gun's been in our family since then.
i'm jeff yastine. good night, everyone. good night to you, susie. >> susie: jeff, i hope you have a great evening. good night, everyone. we hope to see all of you again right here tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in...
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Sep 22, 2010
09/10
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KQEH
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i'm jeff yastine. good night, everyone. good night to you, susie. >> susie: jeff, i hope you have a great evening. good night, everyone. we hope to see all of you again right here tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video. >> be more. pbs.
i'm jeff yastine. good night, everyone. good night to you, susie. >> susie: jeff, i hope you have a great evening. good night, everyone. we hope to see all of you again right here tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in...
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Sep 29, 2010
09/10
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WETA
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jeff yastine tackles revenue sharing and explains why, for some teams, it pays to lose. >> reporter: the concrete beams rise out of the ground, looking like the skeleton of some high- rise condo. but, this is the future home of major league baseball's florida marlins. the stadium is publicly financed, and work is moving quickly for the 2012 home opener. the marlins have a reputation for being tight-fisted. player salaries are some of the lowest in the league. attendance has been at or near the bottom as well. yet, internal team documents leaked to the media last month showed some clubs, like the marlins, are hitting home runs on their profit-and-loss statements. the marlins earned $39 million in operating income in 2008. the pittsburgh pirates reported $22 million, despite 18 losing seasons in a row. the profits were helped in large part by what's called revenue sharing. that's where all major league teams kick cash into a central fund that's divvied up and distributed back to the teams. the lion's share goes to small -market teams. revenue sharing, says j.p. morgan's rich walden, is
jeff yastine tackles revenue sharing and explains why, for some teams, it pays to lose. >> reporter: the concrete beams rise out of the ground, looking like the skeleton of some high- rise condo. but, this is the future home of major league baseball's florida marlins. the stadium is publicly financed, and work is moving quickly for the 2012 home opener. the marlins have a reputation for being tight-fisted. player salaries are some of the lowest in the league. attendance has been at or...
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Sep 28, 2010
09/10
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and, jeff yastine is on deck with the business of baseball, and whether major league teams are recession-proof. can drinking pomegranate juice improve your health? ads for juice maker pom wonderful say yes, but federal regulators say no. so, the federal trade commission today sued the company. the f.t.c. says there's no evidence to support ads claiming the juice treats or prevents heart disease and other health conditions. pom says the f.t.c. is acting beyond its jurisdiction and plans to fight the lawsuit. >> tom: cisco wants to bring its corporate meeting room technology to the living room. analysts think cisco systems is planning a new consumer version of its telepresence video teleconferencing systems. those systems run about $300,000 each, a consumer version is pegged at around $500. so far the tech giant's not commenting, saying only it will have a major product announcement on october 6. áváváváváváváváváváváváváváváváv >> susie: while we know the recession is officially over, the recovery itself has been on the ropes. tonight's commentator explains why he thinks that slowness is only t
and, jeff yastine is on deck with the business of baseball, and whether major league teams are recession-proof. can drinking pomegranate juice improve your health? ads for juice maker pom wonderful say yes, but federal regulators say no. so, the federal trade commission today sued the company. the f.t.c. says there's no evidence to support ads claiming the juice treats or prevents heart disease and other health conditions. pom says the f.t.c. is acting beyond its jurisdiction and plans to fight...
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Sep 25, 2010
09/10
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KQED
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and as jeff yastine reports, even people from sectors ravaged by the financial meltdown are taking ak at careers in health care. >> reporter: you'd think it was a sale at macy's, but this sea of humanity is seeking something different: jobs in the medical field. this recent job fair in miami was mobbed as employers, like hospitals and nursing agencies, look to fill positions. and that's the attraction for people like brian tulowiecki. >> hi my name is brian. i'm a registered nurse, i have a year of experience. are you folks doing any hiring at all? >> reporter: tulowiecki is a former stockbroker. after a decade in finance, he switched careers, went back to school, and got his nursing degree last year. >> the reason i chose nursing was that i knew there would be a lot of opportunities for work. the work was stable, the income was stable. coming from a financial services background where it's commission-based, that was one of the things i was looking for. >> reporter: his timing couldn't be better. financial-sector employment has fallen 9% since 2006. healthcare employment is up more t
and as jeff yastine reports, even people from sectors ravaged by the financial meltdown are taking ak at careers in health care. >> reporter: you'd think it was a sale at macy's, but this sea of humanity is seeking something different: jobs in the medical field. this recent job fair in miami was mobbed as employers, like hospitals and nursing agencies, look to fill positions. and that's the attraction for people like brian tulowiecki. >> hi my name is brian. i'm a registered nurse,...