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    Peter Gorenstein

    Peter Gorenstein

    Peter Gorenstein is the executive producer of original video content on Yahoo! Finance and former producer of The Daily Ticker. He was instrumental in creating and developing Yahoo! Finance's original shows -- Breakout and Financially Fit. Before joining Yahoo!, Peter was a producer at Bloomberg TV. During his time there, he produced extensive content on the financial crisis, including the special broadcast "Subprime Shockwaves," which was nominated for a Gerald Loeb Award. Peter previously spent five years at Fox News.

  • Good Time to Buy? Housing Cheaper to Own vs. Rent in 12 U.S. Metro Areas: WSJ

    Five years after the market peaked, the housing market remains depressed. October new home sales, released this morning, totaled 307,000, slightly below estimates. Meanwhile, prices rose slightly. But, as your real estate broker will happily mention - 'Now is a great time to buy!' Unlike 2007, when that obviously was not the case for most, [...]

  • Roubini: Supporters of a Gold Standard Are ‘Lunatics and Hacks’

    Follow Yahoo!'s The Daily Ticker on Facebook here! Earlier this week "Dr. Doom" Nouriel Roubini and Currency Wars: The Making of the Next Global Crisis author James Rickards got into a war of words on Twitter over the return of the gold standard. (Read the exchange.) As Rickards explained last week on The Daily Ticker, [...]

  • OMB Director Optimistic Super Committee Will Make a Deal: Alternative So Unappealing to Both Sides

    Follow The Daily Ticker on Facebook here! Congress is once again at an impasse and running out of time to make a deal to lower the country's debt, according to wide spread reports. The so-called 12-member congressional "super committee" is still split along party lines on how to cut $1.2 trillion from the budget over [...]

  • Was Meredith Whitney Right All Along? Jefferson County, Ala. Files Largest Muni Bankruptcy

    Follow The Daily Ticker on Facebook here! In another sign of America's fiscal mess, Jefferson County, Alabama filed the largest municipal bankruptcy in U.S. history on Wednesday. The most-populous county - home of Birmingham - defaulted on more than $3 billion of debt related to a sewer system project after negotiations with creditors broke down. [...]

  • Erin Brockovich: It’s Time for Occupy Wall Street to Get Organized

    Follow The Daily Ticker on Facebook here! Erin Brockovich - the public advocate made famous on the silver screen by Julia Roberts - has a message for the temporary residents of Zuccotti park: Get your act together! Brockovich stopped by The Daily Ticker set this week to discuss her new book, Hot Water and chat [...]

  • European Crisis Causing “Pyschic Distress” Across Global Markets

    Ian Bremmer, President of the Eurasia Group stopped by the Daily Ticker set today to give us his take on the never ending and ever escalating European debt crisis now centered on Italy. First, here's the latest out of Italy where the focus is political: It appears Italian Prime Minister Silvio Berlusconi's days as head [...]

  • Housing Price Bottom Not Here Yet, but May Be in 2012: Zillow’s Humphries

    Might we be nearing the bottom of the housing market? Housing prices in the third quarter were essentially flat compared with the previous quarter, according to the latest zillow.com market report. Unfortunately, home prices do continue to fall, and are 4.4% lower when compared to last year. While that doesn't seem devastating, the number of [...]

  • Italian Debt Crisis Has Global Markets on Edge. Here’s Why It Matters to You

    European politicians are running out of time. After more than a year of failing to sufficiently handle the the Greek sovereign debt problem, the crisis is spreading to Italy in a meaningful way. Italy's cost of borrowing rose to its highest rate today - with two-year yields rising to over 6% -- since the country [...]

  • Deepak Chopra: Money Can’t Buy Happiness

    Follow The Daily Ticker on Facebook here! Money can't buy happiness. Happiness, however, can buy you a longer life. A new study published in the National Academy of Sciences found older people who are happy have a 35% lower risk of dying over a five-year period than unhappy people. But, how does one attain happiness? [...]

  • To Hell With What the Fed Says, “Inflation Is Already Here”: Mike Pento

    Follow The Daily Ticker on Facebook here! The Fed kept rates at zero Wednesday and Chairman Ben Bernanke practically guaranteed more action by the central bank to boost the economy during his press conference following the FOMC meeting. (See: Borrowers Win, Savers Lose as Fed Stands Pat — Again) In justifying it's uber-easy stance, the [...]

  • Poor Public School Education Not Wall St. to Blame for American Inequality

    Best selling author and Harvard professor Niall Ferguson recently had at it on CNN with Columbia professor and director of the Earth Institute Dr. Jeffrey Sachs over the Occupy Wall Street movemen Sachs - as he recently told the Daily Ticker - thinks Wall Street has acted like robber barons and deserves harsher regulations and [...]

  • Is the West Doomed to Fail? Yes, If We Don’t Start Working Harder, Says Author Niall Ferguson

    Follow The Daily Ticker on Facebook here! Europe is a mess; many European nations are in recession or face sluggish growth prospects. Across the Atlantic, the U.S. is plagued by high unemployment, modest growth and a trillion dollar deficit. After 500 years of predominance, the West is facing some huge challenges. At least that's the [...]

  • U.S. and Europe at Risk of “Self-Induced Stagnation,” says Economist Editor

    Global markets let out a huge sigh of relief last week that resulted in a big buying spree after European leaders agreed on a framework to work through their sovereign debt crisis. The problem, even if the plan is to work, which the markets are starting to doubt, is that the deal doesn't really help [...]

  • Public Outrage Prompts Bank of America, Wells and Chase to Rethink Debit Fees

    As one Occupy Wall Street protester so eloquently wrote on a sign recently: "I bailed out the banks and all I got was a $5 debit card fee." Well, thanks to protests of millions of other Americans, that $5 fee for debit card purchases may never see the light of day. Having felt the wrath [...]

  • More College Graduates Are the Key to a Better and More Equal America: Steven Rattner

    Follow The Daily Ticker on Facebook here! The Daily Ticker was on location Thursday covering The Economist's Annual Buttonwood Gathering. We caught up with former Treasury Secretary Larry Summers, Blackrock's head of fixed income Peter Fisher and former car czar and investment banking rainmaker Steven Rattner. In the accompanying clip, Aaron Task talks to Rattner [...]

  • How to Fix the Wealth Gap Without Killing America’s Dynamism: Mark Dow

    As we've discussed many times on this program, the gap between the rich and the poor is big and getting bigger in America. "The distribution of market income became more unequal almost continuously between 1979 and 2007," according to the report from the Congressional Budget Office. Here's how the numbers break down over that time [...]

  • Believe It or Not Wall Street Doesn’t Dominate the Top 1%

    Is Occupy Wall Street targeting the wrong group? It turns out the finance sector only makes up 14% of the top 1% of American earners, says this CNN Money report. Executives in other industries make up more than 30% of America's richest cohort. Medical professionals compose close to 16% and lawyers are 8% of the [...]

  • Trump: Occupy Wall Street Indicates “There Is Something Wrong With This Country”

    Follow The Daily Ticker on Facebook here! Occupy Wall Street continues to gain momentum. Five weeks in, the protest has gone global and the movement shows no signs of slowing. In our interview with Donald Trump, the billionaire told The Daily Ticker's Aaron Task, Occupy Wall Street is on to something and he appears somewhat [...]

  • Trump Is Still Not Ruling Out a Run at the White House

    Follow The Daily Ticker on Facebook here! Donald Trump is still not ruling out a run for the White House in 2012. The outspoken critic of President Obama may decide to throw his hat back in the ring, after toying with the idea earlier this year, he tells The Daily Ticker in the accompanying interview. [...]

  • 7 Billion People Equals (At Least) One Major Problem: Jeffrey Sachs

    Follow The Daily Ticker on Facebook here! The human population will reach 7 billion by the end of the month, according to United Nations, and that's no milestone to celebrate, says Jeffrey D. Sachs, director of The Earth Institute. Instead, we need to be concerned, he says. It's been only 12 years since we welcomed [...]