Stacey Vanek Smith is a senior reporter for Marketplace, where she covers banking, consumer finance, housing and advertising. She began her career with Marketplace in 2003 as an assistant producer and has worked as an editor, reporter and fills in as host on the Marketplace Morning Report. Vanek Smith is a graduate of Princeton University with a bachelor’s degree in comparative literature and creative writing. She holds a masters degree in French cultural studies and a masters in broadcast journalism from Columbia University. She also received a fellowship from the National Press Foundation to attend the Wharton Business Journalist Seminars in 2010. She is fluent in French and proficient in German. Vanek Smith’s work has appeared in TIME magazine, The Christian Science Monitor, Boise Weekly, Idaho Weddings, Freakonomics Radio, Weekend America, The California Report and Marketplace. A native of Idaho, Vanek Smith now lives in Brooklyn. She spends most of her free time exploring the city, cooking, watching reality television and trying to decide who makes the best pizza in New York.
Freddie Mac just posted its second largest profit in history. The offshore-drilling giant Transocean is tied in with BP in the public imagination because of its involvement in the Deepwater Horizon catastrophe but is stronger than ever today. And, with limited maternity leave, many teachers try to have their babies during the summer break.
After a long winning streak, the price of gold has been going down. Why would an internet mogul like Jeff Bezos buy a fading journalistic institution like The Washington Post? And, when it comes to cars, there are brands for rich people and there are cars for people of more modest means. But just as many people at the bottom of the income ladder buy Jeeps as people at the top.
A lot of new data point to a steady, but unclear future for the economy. Walgreens and CVS both announce earnings this week. Company results will reflect the run-up to Obamacare. And, there's a proposal in Congress to let the taxpayer-backed mortgage giants die, and Marketplace's economics guy says we should all get behind it.
Posted In: Fabrice Tourre, Goldman Sachs
The SEC has scored its first court victory related to the financial crisis. A federal jury found former Goldman Sachs trader Fabrice Tourre liable for defrauding investors in a subprime-mortgage securities deal just before the housing market collapsed.
Posted In: equifax, experian, transunion, free credit report
A federal jury ordered Equifax to pay an Oregon woman $18.6 million after her two-year fight to correct her score.